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英美资源集团（AMSC）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
SunPower Inc.的季度营收约是英美资源集团的1.1倍（$79.7M vs $74.5M），英美资源集团净利率更高（158.1% vs -17.8%，领先175.8%），英美资源集团同比增速更快（21.4% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% vs 33.2%）
英美资源集团是一家总部位于英国伦敦的跨国矿业企业，是全球最大的铂金生产商，产量约占全球总产出的40%，同时也是钻石、铜、镍、铁矿石、多卤石、炼焦煤的主要供应商，业务布局覆盖非洲、亚洲、大洋洲、欧洲、南北美洲多个地区。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
AMSC vs SPWR — 直观对比
营收规模更大
SPWR
是对方的1.1倍
$74.5M
营收增速更快
AMSC
高出31.5%
-10.1%
净利率更高
AMSC
高出175.8%
-17.8%
两年增速更快
SPWR
近两年复合增速
33.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.5M | $79.7M |
| 净利润 | $117.8M | $-14.2M |
| 毛利率 | 30.7% | 35.5% |
| 营业利润率 | 4.5% | -27.4% |
| 净利率 | 158.1% | -17.8% |
| 营收同比 | 21.4% | -10.1% |
| 净利润同比 | 4679.1% | -130.1% |
| 每股收益（稀释后） | $2.62 | $-0.05 |
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AMSCSPWR
| Q4 25 | $74.5M | $79.7M | ||
| Q3 25 | $65.9M | $22.0M | ||
| Q2 25 | $72.4M | $67.5M | ||
| Q1 25 | $66.7M | $82.7M | ||
| Q4 24 | $61.4M | $88.7M | ||
| Q3 24 | $54.5M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $42.0M | — |
净利润AMSCSPWR
| Q4 25 | $117.8M | $-14.2M | ||
| Q3 25 | $4.8M | $-16.9M | ||
| Q2 25 | $6.7M | $-22.4M | ||
| Q1 25 | $1.2M | $8.1M | ||
| Q4 24 | $2.5M | $47.0M | ||
| Q3 24 | $4.9M | — | ||
| Q2 24 | $-2.5M | — | ||
| Q1 24 | $-1.6M | — |
毛利率AMSCSPWR
| Q4 25 | 30.7% | 35.5% | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 33.8% | 42.6% | ||
| Q1 25 | 26.5% | 48.5% | ||
| Q4 24 | 26.6% | 46.5% | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 24.8% | — |
营业利润率AMSCSPWR
| Q4 25 | 4.5% | -27.4% | ||
| Q3 25 | 4.5% | -15.7% | ||
| Q2 25 | 7.8% | -4.0% | ||
| Q1 25 | 2.5% | 1.3% | ||
| Q4 24 | 2.1% | -24.2% | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | -8.2% | — | ||
| Q1 24 | -5.3% | — |
净利率AMSCSPWR
| Q4 25 | 158.1% | -17.8% | ||
| Q3 25 | 7.2% | -76.9% | ||
| Q2 25 | 9.3% | -33.2% | ||
| Q1 25 | 1.8% | 9.8% | ||
| Q4 24 | 4.0% | 53.0% | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | -6.3% | — | ||
| Q1 24 | -3.8% | — |
每股收益（稀释后）AMSCSPWR
| Q4 25 | $2.62 | $-0.05 | ||
| Q3 25 | $0.11 | $-0.19 | ||
| Q2 25 | $0.17 | $-0.28 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $0.06 | $0.27 | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $-0.03 | — |
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 | $141.1M | $9.6M |
| 总债务越低越好 | — | $164.8M |
| 股东权益账面价值 | $536.8M | $-90.1M |
| 总资产 | $719.5M | $241.2M |
| 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AMSCSPWR
| Q4 25 | $141.1M | $9.6M | ||
| Q3 25 | $212.9M | $5.1M | ||
| Q2 25 | $207.9M | $11.1M | ||
| Q1 25 | $79.5M | $10.6M | ||
| Q4 24 | $75.2M | $13.4M | ||
| Q3 24 | $72.1M | — | ||
| Q2 24 | $93.5M | — | ||
| Q1 24 | $90.5M | — |
总债务AMSCSPWR
| Q4 25 | — | $164.8M | ||
| Q3 25 | — | $204.3M | ||
| Q2 25 | — | $152.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMSCSPWR
| Q4 25 | $536.8M | $-90.1M | ||
| Q3 25 | $342.2M | $-112.3M | ||
| Q2 25 | $333.1M | $-107.2M | ||
| Q1 25 | $197.1M | $-89.0M | ||
| Q4 24 | $192.7M | $-97.5M | ||
| Q3 24 | $187.0M | — | ||
| Q2 24 | $143.3M | — | ||
| Q1 24 | $144.6M | — |
总资产AMSCSPWR
| Q4 25 | $719.5M | $241.2M | ||
| Q3 25 | $445.6M | $208.3M | ||
| Q2 25 | $452.8M | $163.1M | ||
| Q1 25 | $310.5M | $147.8M | ||
| Q4 24 | $310.3M | $144.5M | ||
| Q3 24 | $298.4M | — | ||
| Q2 24 | $240.1M | — | ||
| Q1 24 | $232.8M | — |
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 | $3.2M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $2.4M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 0.03× | — |
| 过去12个月自由现金流最近4个季度 | $16.0M | — |
8季度趋势，按日历期对齐
经营现金流AMSCSPWR
| Q4 25 | $3.2M | $-1.9M | ||
| Q3 25 | $6.5M | $-6.4M | ||
| Q2 25 | $4.1M | $-4.4M | ||
| Q1 25 | $6.3M | $-2.6M | ||
| Q4 24 | $5.9M | $-25.6M | ||
| Q3 24 | $12.7M | — | ||
| Q2 24 | $3.4M | — | ||
| Q1 24 | $2.2M | — |
自由现金流AMSCSPWR
| Q4 25 | $2.4M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $3.3M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $12.1M | — | ||
| Q2 24 | $3.1M | — | ||
| Q1 24 | $1.9M | — |
自由现金流率AMSCSPWR
| Q4 25 | 3.2% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 4.6% | — |
资本支出强度AMSCSPWR
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.7% | — |
现金转化率AMSCSPWR
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | -0.32× | ||
| Q4 24 | 2.38× | -0.54× | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
