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英美资源集团（AMSC）与Vericel Corp（VCEL）财务数据对比。点击上方公司名可切换其他公司
Vericel Corp的季度营收约是英美资源集团的1.2倍（$92.9M vs $74.5M），英美资源集团净利率更高（158.1% vs 25.0%，领先133.1%），Vericel Corp同比增速更快（23.3% vs 21.4%），Vericel Corp自由现金流更多（$12.8M vs $2.4M），过去两年Vericel Corp的营收复合增速更高（34.6% 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。
Vericel Corp是一家美国上市生物制药企业，前身为1989年在密歇根州安娜堡成立的Aastrom Bio，2014年10月正式更为现名，专注于生物制药相关领域的研发与商业化运营。
AMSC vs VCEL — 直观对比
营收规模更大
VCEL
是对方的1.2倍
$74.5M
营收增速更快
VCEL
高出1.9%
21.4%
净利率更高
AMSC
高出133.1%
25.0%
自由现金流更多
VCEL
多$10.5M
$2.4M
两年增速更快
VCEL
近两年复合增速
33.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.5M | $92.9M |
| 净利润 | $117.8M | $23.2M |
| 毛利率 | 30.7% | 78.7% |
| 营业利润率 | 4.5% | 24.1% |
| 净利率 | 158.1% | 25.0% |
| 营收同比 | 21.4% | 23.3% |
| 净利润同比 | 4679.1% | 17.3% |
| 每股收益（稀释后） | $2.62 | $0.46 |
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AMSCVCEL
| Q4 25 | $74.5M | $92.9M | ||
| Q3 25 | $65.9M | $67.5M | ||
| Q2 25 | $72.4M | $63.2M | ||
| Q1 25 | $66.7M | $52.6M | ||
| Q4 24 | $61.4M | $75.4M | ||
| Q3 24 | $54.5M | $57.9M | ||
| Q2 24 | $40.3M | $52.7M | ||
| Q1 24 | $42.0M | $51.3M |
净利润AMSCVCEL
| Q4 25 | $117.8M | $23.2M | ||
| Q3 25 | $4.8M | $5.1M | ||
| Q2 25 | $6.7M | $-553.0K | ||
| Q1 25 | $1.2M | $-11.2M | ||
| Q4 24 | $2.5M | $19.8M | ||
| Q3 24 | $4.9M | $-901.0K | ||
| Q2 24 | $-2.5M | $-4.7M | ||
| Q1 24 | $-1.6M | $-3.9M |
毛利率AMSCVCEL
| Q4 25 | 30.7% | 78.7% | ||
| Q3 25 | 31.0% | 73.5% | ||
| Q2 25 | 33.8% | 73.7% | ||
| Q1 25 | 26.5% | 69.0% | ||
| Q4 24 | 26.6% | 77.6% | ||
| Q3 24 | 28.7% | 71.9% | ||
| Q2 24 | 30.3% | 69.5% | ||
| Q1 24 | 24.8% | 68.9% |
营业利润率AMSCVCEL
| Q4 25 | 4.5% | 24.1% | ||
| Q3 25 | 4.5% | 5.1% | ||
| Q2 25 | 7.8% | -3.2% | ||
| Q1 25 | 2.5% | -24.3% | ||
| Q4 24 | 2.1% | 24.5% | ||
| Q3 24 | -1.4% | -4.3% | ||
| Q2 24 | -8.2% | -11.5% | ||
| Q1 24 | -5.3% | -10.7% |
净利率AMSCVCEL
| Q4 25 | 158.1% | 25.0% | ||
| Q3 25 | 7.2% | 7.5% | ||
| Q2 25 | 9.3% | -0.9% | ||
| Q1 25 | 1.8% | -21.4% | ||
| Q4 24 | 4.0% | 26.3% | ||
| Q3 24 | 9.0% | -1.6% | ||
| Q2 24 | -6.3% | -8.9% | ||
| Q1 24 | -3.8% | -7.5% |
每股收益（稀释后）AMSCVCEL
| Q4 25 | $2.62 | $0.46 | ||
| Q3 25 | $0.11 | $0.10 | ||
| Q2 25 | $0.17 | $-0.01 | ||
| Q1 25 | $0.04 | $-0.23 | ||
| Q4 24 | $0.06 | $0.40 | ||
| Q3 24 | $0.13 | $-0.02 | ||
| Q2 24 | $-0.07 | $-0.10 | ||
| Q1 24 | $-0.03 | $-0.08 |
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 | $137.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $536.8M | $354.6M |
| 总资产 | $719.5M | $488.0M |
| 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AMSCVCEL
| Q4 25 | $141.1M | $137.5M | ||
| Q3 25 | $212.9M | $135.4M | ||
| Q2 25 | $207.9M | $116.9M | ||
| Q1 25 | $79.5M | $112.9M | ||
| Q4 24 | $75.2M | $116.2M | ||
| Q3 24 | $72.1M | $101.7M | ||
| Q2 24 | $93.5M | $102.5M | ||
| Q1 24 | $90.5M | $110.6M |
股东权益AMSCVCEL
| Q4 25 | $536.8M | $354.6M | ||
| Q3 25 | $342.2M | $321.9M | ||
| Q2 25 | $333.1M | $306.8M | ||
| Q1 25 | $197.1M | $295.5M | ||
| Q4 24 | $192.7M | $292.0M | ||
| Q3 24 | $187.0M | $257.5M | ||
| Q2 24 | $143.3M | $243.0M | ||
| Q1 24 | $144.6M | $233.9M |
总资产AMSCVCEL
| Q4 25 | $719.5M | $488.0M | ||
| Q3 25 | $445.6M | $453.3M | ||
| Q2 25 | $452.8M | $435.6M | ||
| Q1 25 | $310.5M | $424.6M | ||
| Q4 24 | $310.3M | $432.7M | ||
| Q3 24 | $298.4M | $390.4M | ||
| Q2 24 | $240.1M | $376.8M | ||
| Q1 24 | $232.8M | $356.7M |
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 | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $2.4M | $12.8M |
| 自由现金流率自由现金流/营收 | 3.2% | 13.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.4% |
| 现金转化率经营现金流/净利润 | 0.03× | 0.65× |
| 过去12个月自由现金流最近4个季度 | $16.0M | $24.7M |
8季度趋势，按日历期对齐
经营现金流AMSCVCEL
| Q4 25 | $3.2M | $15.0M | ||
| Q3 25 | $6.5M | $22.1M | ||
| Q2 25 | $4.1M | $8.2M | ||
| Q1 25 | $6.3M | $6.6M | ||
| Q4 24 | $5.9M | $22.2M | ||
| Q3 24 | $12.7M | $10.2M | ||
| Q2 24 | $3.4M | $18.5M | ||
| Q1 24 | $2.2M | $7.2M |
自由现金流AMSCVCEL
| Q4 25 | $2.4M | $12.8M | ||
| Q3 25 | $5.1M | $19.5M | ||
| Q2 25 | $3.3M | $81.0K | ||
| Q1 25 | $5.3M | $-7.6M | ||
| Q4 24 | $5.3M | $8.5M | ||
| Q3 24 | $12.1M | $-9.2M | ||
| Q2 24 | $3.1M | $1.8M | ||
| Q1 24 | $1.9M | $-6.8M |
自由现金流率AMSCVCEL
| Q4 25 | 3.2% | 13.8% | ||
| Q3 25 | 7.7% | 28.8% | ||
| Q2 25 | 4.6% | 0.1% | ||
| Q1 25 | 7.9% | -14.5% | ||
| Q4 24 | 8.7% | 11.2% | ||
| Q3 24 | 22.3% | -15.9% | ||
| Q2 24 | 7.8% | 3.4% | ||
| Q1 24 | 4.6% | -13.3% |
资本支出强度AMSCVCEL
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 2.1% | 3.9% | ||
| Q2 25 | 1.1% | 12.9% | ||
| Q1 25 | 1.6% | 27.0% | ||
| Q4 24 | 0.9% | 18.3% | ||
| Q3 24 | 1.1% | 33.5% | ||
| Q2 24 | 0.7% | 31.8% | ||
| Q1 24 | 0.7% | 27.3% |
现金转化率AMSCVCEL
| Q4 25 | 0.03× | 0.65× | ||
| Q3 25 | 1.37× | 4.35× | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | 1.12× | ||
| 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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
