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奥尼兰姆制药（ALNY）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
奥尼兰姆制药的季度营收约是巴诺书店的1.4倍（$1.1B vs $764.4M），奥尼兰姆制药净利率更高（17.0% vs 11.3%，领先5.7%），奥尼兰姆制药同比增速更快（84.9% vs -17.6%），奥尼兰姆制药自由现金流更多（$140.3M vs $35.4M），过去两年奥尼兰姆制药的营收复合增速更高（49.0% vs 9.5%）
奥尼兰姆制药是美国生物制药企业，2002年成立，总部位于马萨诸塞州剑桥市，专注于研发及商业化针对基因明确疾病的RNA干扰（RNAi）疗法，2016年入选福布斯「100家最具创新力成长企业」榜单。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
ALNY vs NE — 直观对比
营收规模更大
ALNY
是对方的1.4倍
$764.4M
营收增速更快
ALNY
高出102.5%
-17.6%
净利率更高
ALNY
高出5.7%
11.3%
自由现金流更多
ALNY
多$104.9M
$35.4M
两年增速更快
ALNY
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $764.4M |
| 净利润 | $186.4M | $86.6M |
| 毛利率 | 75.6% | — |
| 营业利润率 | 12.0% | 5.6% |
| 净利率 | 17.0% | 11.3% |
| 营收同比 | 84.9% | -17.6% |
| 净利润同比 | 322.6% | -10.4% |
| 每股收益（稀释后） | $1.44 | $0.54 |
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ALNYNE
| Q4 25 | $1.1B | $764.4M | ||
| Q3 25 | $1.2B | $798.0M | ||
| Q2 25 | $773.7M | $848.7M | ||
| Q1 25 | $594.2M | $874.5M | ||
| Q4 24 | $593.2M | $927.3M | ||
| Q3 24 | $500.9M | $800.5M | ||
| Q2 24 | $659.8M | $692.8M | ||
| Q1 24 | $494.3M | $637.1M |
净利润ALNYNE
| Q4 25 | $186.4M | $86.6M | ||
| Q3 25 | $251.1M | $-21.1M | ||
| Q2 25 | $-66.3M | $42.9M | ||
| Q1 25 | $-57.5M | $108.3M | ||
| Q4 24 | $-83.8M | $96.6M | ||
| Q3 24 | $-111.6M | $61.2M | ||
| Q2 24 | $-16.9M | $195.0M | ||
| Q1 24 | $-65.9M | $95.5M |
毛利率ALNYNE
| Q4 25 | 75.6% | — | ||
| Q3 25 | 84.2% | — | ||
| Q2 25 | 81.6% | — | ||
| Q1 25 | 88.2% | — | ||
| Q4 24 | 82.7% | — | ||
| Q3 24 | 83.6% | — | ||
| Q2 24 | 89.8% | — | ||
| Q1 24 | 89.0% | — |
营业利润率ALNYNE
| Q4 25 | 12.0% | 5.6% | ||
| Q3 25 | 29.5% | 6.3% | ||
| Q2 25 | -2.1% | 15.9% | ||
| Q1 25 | 3.0% | 21.4% | ||
| Q4 24 | -17.7% | 18.4% | ||
| Q3 24 | -15.4% | 14.4% | ||
| Q2 24 | 7.4% | 30.3% | ||
| Q1 24 | -8.8% | 16.9% |
净利率ALNYNE
| Q4 25 | 17.0% | 11.3% | ||
| Q3 25 | 20.1% | -2.6% | ||
| Q2 25 | -8.6% | 5.1% | ||
| Q1 25 | -9.7% | 12.4% | ||
| Q4 24 | -14.1% | 10.4% | ||
| Q3 24 | -22.3% | 7.6% | ||
| Q2 24 | -2.6% | 28.1% | ||
| Q1 24 | -13.3% | 15.0% |
每股收益（稀释后）ALNYNE
| Q4 25 | $1.44 | $0.54 | ||
| Q3 25 | $1.84 | $-0.13 | ||
| Q2 25 | $-0.51 | $0.27 | ||
| Q1 25 | $-0.44 | $0.67 | ||
| Q4 24 | $-0.66 | $0.56 | ||
| Q3 24 | $-0.87 | $0.40 | ||
| Q2 24 | $-0.13 | $1.34 | ||
| Q1 24 | $-0.52 | $0.66 |
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 | $1.7B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $789.2M | $4.5B |
| 总资产 | $5.0B | $7.5B |
| 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ALNYNE
| Q4 25 | $1.7B | $471.4M | ||
| Q3 25 | $1.5B | $477.9M | ||
| Q2 25 | $1.1B | $338.2M | ||
| Q1 25 | $1.0B | $303.8M | ||
| Q4 24 | $966.4M | $247.3M | ||
| Q3 24 | $1.1B | $391.9M | ||
| Q2 24 | $968.5M | $162.9M | ||
| Q1 24 | $681.9M | $212.5M |
股东权益ALNYNE
| Q4 25 | $789.2M | $4.5B | ||
| Q3 25 | $233.9M | $4.5B | ||
| Q2 25 | $250.6M | $4.6B | ||
| Q1 25 | $115.4M | $4.7B | ||
| Q4 24 | $67.1M | $4.7B | ||
| Q3 24 | $32.4M | $4.7B | ||
| Q2 24 | $-3.1M | $4.0B | ||
| Q1 24 | $-219.3M | $3.9B |
总资产ALNYNE
| Q4 25 | $5.0B | $7.5B | ||
| Q3 25 | $4.9B | $7.6B | ||
| Q2 25 | $4.6B | $7.7B | ||
| Q1 25 | $4.2B | $7.9B | ||
| Q4 24 | $4.2B | $8.0B | ||
| Q3 24 | $4.2B | $8.0B | ||
| Q2 24 | $4.0B | $5.6B | ||
| Q1 24 | $3.8B | $5.4B |
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 | $163.6M | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $140.3M | $35.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 4.6% |
| 资本支出强度资本支出/营收 | 2.1% | 19.9% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $465.4M | $432.2M |
8季度趋势，按日历期对齐
经营现金流ALNYNE
| Q4 25 | $163.6M | $187.1M | ||
| Q3 25 | $325.1M | $277.1M | ||
| Q2 25 | $153.7M | $216.4M | ||
| Q1 25 | $-118.3M | $271.1M | ||
| Q4 24 | $-94.7M | $136.2M | ||
| Q3 24 | $43.7M | $283.8M | ||
| Q2 24 | $124.2M | $106.8M | ||
| Q1 24 | $-81.5M | $128.7M |
自由现金流ALNYNE
| Q4 25 | $140.3M | $35.4M | ||
| Q3 25 | $313.0M | $139.5M | ||
| Q2 25 | $139.4M | $99.8M | ||
| Q1 25 | $-127.3M | $157.5M | ||
| Q4 24 | $-103.8M | $-4.4M | ||
| Q3 24 | $39.5M | $156.8M | ||
| Q2 24 | $116.1M | $-34.3M | ||
| Q1 24 | $-94.5M | $-37.9M |
自由现金流率ALNYNE
| Q4 25 | 12.8% | 4.6% | ||
| Q3 25 | 25.1% | 17.5% | ||
| Q2 25 | 18.0% | 11.8% | ||
| Q1 25 | -21.4% | 18.0% | ||
| Q4 24 | -17.5% | -0.5% | ||
| Q3 24 | 7.9% | 19.6% | ||
| Q2 24 | 17.6% | -4.9% | ||
| Q1 24 | -19.1% | -6.0% |
资本支出强度ALNYNE
| Q4 25 | 2.1% | 19.9% | ||
| Q3 25 | 1.0% | 17.3% | ||
| Q2 25 | 1.8% | 13.7% | ||
| Q1 25 | 1.5% | 13.0% | ||
| Q4 24 | 1.5% | 15.2% | ||
| Q3 24 | 0.8% | 15.9% | ||
| Q2 24 | 1.2% | 20.4% | ||
| Q1 24 | 2.6% | 26.2% |
现金转化率ALNYNE
| Q4 25 | 0.88× | 2.16× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.35× |
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
ALNY
| TTR | $858.3M | 78% |
| Rare | $136.4M | 12% |
| GIVLAARI | $56.3M | 5% |
| Collaborative Arrangement | $40.9M | 4% |
| ONPATTRO | $12.0M | 1% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
