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爱齐科技（ALGN）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是爱齐科技的1.6倍（$1.7B vs $1.0B），第一太阳能净利率更高（31.0% vs 13.0%，领先18.0%），第一太阳能同比增速更快（11.1% vs 5.3%），第一太阳能自由现金流更多（$1.1B vs $187.3M），过去两年第一太阳能的营收复合增速更高（45.6% vs 2.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
ALGN vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.6倍
$1.0B
营收增速更快
FSLR
高出5.9%
5.3%
净利率更高
FSLR
高出18.0%
13.0%
自由现金流更多
FSLR
多$882.9M
$187.3M
两年增速更快
FSLR
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $135.8M | $520.9M |
| 毛利率 | 65.3% | 39.5% |
| 营业利润率 | 14.8% | 32.6% |
| 净利率 | 13.0% | 31.0% |
| 营收同比 | 5.3% | 11.1% |
| 净利润同比 | 30.8% | 32.5% |
| 每股收益（稀释后） | $1.88 | $4.84 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALGNFSLR
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $995.7M | $1.6B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $979.3M | $844.6M | ||
| Q4 24 | $995.2M | $1.5B | ||
| Q3 24 | $977.9M | $887.7M | ||
| Q2 24 | $1.0B | $1.0B | ||
| Q1 24 | $997.4M | $794.1M |
净利润ALGNFSLR
| Q4 25 | $135.8M | $520.9M | ||
| Q3 25 | $56.8M | $455.9M | ||
| Q2 25 | $124.6M | $341.9M | ||
| Q1 25 | $93.2M | $209.5M | ||
| Q4 24 | $103.8M | $393.1M | ||
| Q3 24 | $116.0M | $313.0M | ||
| Q2 24 | $96.6M | $349.4M | ||
| Q1 24 | $105.0M | $236.6M |
毛利率ALGNFSLR
| Q4 25 | 65.3% | 39.5% | ||
| Q3 25 | 64.2% | 38.3% | ||
| Q2 25 | 69.9% | 45.6% | ||
| Q1 25 | 69.5% | 40.8% | ||
| Q4 24 | 70.0% | 37.5% | ||
| Q3 24 | 69.7% | 50.2% | ||
| Q2 24 | 70.3% | 49.4% | ||
| Q1 24 | 70.0% | 43.6% |
营业利润率ALGNFSLR
| Q4 25 | 14.8% | 32.6% | ||
| Q3 25 | 9.7% | 29.2% | ||
| Q2 25 | 16.1% | 33.0% | ||
| Q1 25 | 13.4% | 26.2% | ||
| Q4 24 | 14.5% | 30.2% | ||
| Q3 24 | 16.6% | 36.3% | ||
| Q2 24 | 14.3% | 36.9% | ||
| Q1 24 | 15.5% | 30.6% |
净利率ALGNFSLR
| Q4 25 | 13.0% | 31.0% | ||
| Q3 25 | 5.7% | 28.6% | ||
| Q2 25 | 12.3% | 31.2% | ||
| Q1 25 | 9.5% | 24.8% | ||
| Q4 24 | 10.4% | 26.0% | ||
| Q3 24 | 11.9% | 35.3% | ||
| Q2 24 | 9.4% | 34.6% | ||
| Q1 24 | 10.5% | 29.8% |
每股收益（稀释后）ALGNFSLR
| Q4 25 | $1.88 | $4.84 | ||
| Q3 25 | $0.78 | $4.24 | ||
| Q2 25 | $1.72 | $3.18 | ||
| Q1 25 | $1.27 | $1.95 | ||
| Q4 24 | $1.40 | $3.66 | ||
| Q3 24 | $1.55 | $2.91 | ||
| Q2 24 | $1.28 | $3.25 | ||
| Q1 24 | $1.39 | $2.20 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $9.5B |
| 总资产 | $6.2B | $13.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALGNFSLR
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $901.2M | $1.1B | ||
| Q1 25 | $873.0M | $837.6M | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $761.4M | $1.7B | ||
| Q1 24 | $865.8M | $1.7B |
股东权益ALGNFSLR
| Q4 25 | $4.0B | $9.5B | ||
| Q3 25 | $4.0B | $9.0B | ||
| Q2 25 | $3.9B | $8.5B | ||
| Q1 25 | $3.8B | $8.2B | ||
| Q4 24 | $3.9B | $8.0B | ||
| Q3 24 | $3.9B | $7.6B | ||
| Q2 24 | $3.8B | $7.3B | ||
| Q1 24 | $3.8B | $6.9B |
总资产ALGNFSLR
| Q4 25 | $6.2B | $13.3B | ||
| Q3 25 | $6.2B | $13.5B | ||
| Q2 25 | $6.2B | $12.9B | ||
| Q1 25 | $6.1B | $12.1B | ||
| Q4 24 | $6.2B | $12.1B | ||
| Q3 24 | $6.4B | $11.4B | ||
| Q2 24 | $6.2B | $11.0B | ||
| Q1 24 | $6.2B | $10.8B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $223.2M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $1.1B |
| 自由现金流率自由现金流/营收 | 17.9% | 63.6% |
| 资本支出强度资本支出/营收 | 3.4% | 10.2% |
| 现金转化率经营现金流/净利润 | 1.64× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $490.8M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ALGNFSLR
| Q4 25 | $223.2M | $1.2B | ||
| Q3 25 | $188.7M | $1.3B | ||
| Q2 25 | $128.7M | $149.6M | ||
| Q1 25 | $52.7M | $-608.0M | ||
| Q4 24 | $286.1M | $811.0M | ||
| Q3 24 | $263.7M | $-53.7M | ||
| Q2 24 | $159.8M | $193.0M | ||
| Q1 24 | $28.7M | $267.7M |
自由现金流ALGNFSLR
| Q4 25 | $187.3M | $1.1B | ||
| Q3 25 | $169.0M | $1.1B | ||
| Q2 25 | $107.2M | $-138.6M | ||
| Q1 25 | $27.4M | $-813.9M | ||
| Q4 24 | $263.1M | $497.5M | ||
| Q3 24 | $233.9M | $-487.7M | ||
| Q2 24 | $106.4M | $-172.1M | ||
| Q1 24 | $19.3M | $-145.7M |
自由现金流率ALGNFSLR
| Q4 25 | 17.9% | 63.6% | ||
| Q3 25 | 17.0% | 67.1% | ||
| Q2 25 | 10.6% | -12.6% | ||
| Q1 25 | 2.8% | -96.4% | ||
| Q4 24 | 26.4% | 32.9% | ||
| Q3 24 | 23.9% | -54.9% | ||
| Q2 24 | 10.3% | -17.0% | ||
| Q1 24 | 1.9% | -18.4% |
资本支出强度ALGNFSLR
| Q4 25 | 3.4% | 10.2% | ||
| Q3 25 | 2.0% | 12.8% | ||
| Q2 25 | 2.1% | 26.3% | ||
| Q1 25 | 2.6% | 24.4% | ||
| Q4 24 | 2.3% | 20.7% | ||
| Q3 24 | 3.0% | 48.9% | ||
| Q2 24 | 5.2% | 36.1% | ||
| Q1 24 | 0.9% | 52.1% |
现金转化率ALGNFSLR
| Q4 25 | 1.64× | 2.38× | ||
| Q3 25 | 3.33× | 2.79× | ||
| Q2 25 | 1.03× | 0.44× | ||
| Q1 25 | 0.57× | -2.90× | ||
| Q4 24 | 2.76× | 2.06× | ||
| Q3 24 | 2.27× | -0.17× | ||
| Q2 24 | 1.66× | 0.55× | ||
| Q1 24 | 0.27× | 1.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
FSLR
暂无分部数据
