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AEMETIS, INC（AMTX）与FIRST UNITED CORP（FUNC）财务数据对比。点击上方公司名可切换其他公司
AEMETIS, INC的季度营收约是FIRST UNITED CORP的1.9倍（$43.3M vs $23.2M），FIRST UNITED CORP同比增速更快（11.9% vs -7.9%），FIRST UNITED CORP自由现金流更多（$15.4M vs $-10.8M），过去两年FIRST UNITED CORP的营收复合增速更高（11.5% vs -22.8%）
Aemetis是一家可再生燃料与可持续生物化学品生产商，业务覆盖北美和印度市场，核心产品包括低碳乙醇、可再生天然气及生物柴油，主要服务交通、工业和农业领域，为商业客户提供脱碳解决方案。
联合啤酒控股有限公司（又称UB集团）是喜力集团旗下的印度子公司，总部位于卡纳塔克邦班加罗尔的UB城。公司核心业务涵盖酒类饮品生产及多领域投资，是印度最大的啤酒生产商，主打以翠鸟为品牌的啤酒产品，同时拥有多款其他酒类品牌。
AMTX vs FUNC — 直观对比
营收规模更大
AMTX
是对方的1.9倍
$23.2M
营收增速更快
FUNC
高出19.7%
-7.9%
自由现金流更多
FUNC
多$26.2M
$-10.8M
两年增速更快
FUNC
近两年复合增速
-22.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $23.2M |
| 净利润 | — | $5.8M |
| 毛利率 | 17.8% | — |
| 营业利润率 | -5.7% | 32.9% |
| 净利率 | — | 24.9% |
| 营收同比 | -7.9% | 11.9% |
| 净利润同比 | — | -6.6% |
| 每股收益（稀释后） | $-0.03 | $0.89 |
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AMTXFUNC
| Q4 25 | $43.3M | $23.2M | ||
| Q3 25 | $59.2M | $22.7M | ||
| Q2 25 | $52.2M | $21.8M | ||
| Q1 25 | $42.9M | $20.9M | ||
| Q4 24 | $47.0M | $20.8M | ||
| Q3 24 | $81.4M | $20.3M | ||
| Q2 24 | $66.6M | $20.1M | ||
| Q1 24 | $72.6M | $18.7M |
净利润AMTXFUNC
| Q4 25 | — | $5.8M | ||
| Q3 25 | $-23.7M | $6.9M | ||
| Q2 25 | $-23.4M | $6.0M | ||
| Q1 25 | $-24.5M | $5.8M | ||
| Q4 24 | — | $6.2M | ||
| Q3 24 | $-17.9M | $5.8M | ||
| Q2 24 | $-29.2M | $4.9M | ||
| Q1 24 | $-24.2M | $3.7M |
毛利率AMTXFUNC
| Q4 25 | 17.8% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -6.4% | — | ||
| Q1 25 | -11.8% | — | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -0.8% | — |
营业利润率AMTXFUNC
| Q4 25 | -5.7% | 32.9% | ||
| Q3 25 | -14.4% | 40.6% | ||
| Q2 25 | -20.4% | 36.5% | ||
| Q1 25 | -36.3% | 36.8% | ||
| Q4 24 | -28.7% | 39.2% | ||
| Q3 24 | -4.8% | 38.0% | ||
| Q2 24 | -20.4% | 32.5% | ||
| Q1 24 | -13.0% | 26.0% |
净利率AMTXFUNC
| Q4 25 | — | 24.9% | ||
| Q3 25 | -40.1% | 30.6% | ||
| Q2 25 | -44.8% | 27.5% | ||
| Q1 25 | -57.2% | 27.7% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | -22.0% | 28.5% | ||
| Q2 24 | -43.8% | 24.5% | ||
| Q1 24 | -33.4% | 19.8% |
每股收益（稀释后）AMTXFUNC
| Q4 25 | $-0.03 | $0.89 | ||
| Q3 25 | $-0.37 | $1.07 | ||
| Q2 25 | $-0.41 | $0.92 | ||
| Q1 25 | $-0.47 | $0.89 | ||
| Q4 24 | $-0.29 | $0.95 | ||
| Q3 24 | $-0.38 | $0.89 | ||
| Q2 24 | $-0.66 | $0.75 | ||
| Q1 24 | $-0.58 | $0.56 |
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 | $4.9M | $131.6M |
| 总债务越低越好 | — | $95.9M |
| 股东权益账面价值 | $-306.8M | $203.6M |
| 总资产 | $259.8M | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AMTXFUNC
| Q4 25 | $4.9M | $131.6M | ||
| Q3 25 | $5.6M | $95.2M | ||
| Q2 25 | $1.6M | $79.1M | ||
| Q1 25 | $499.0K | $84.4M | ||
| Q4 24 | $898.0K | $78.3M | ||
| Q3 24 | $296.0K | $62.4M | ||
| Q2 24 | $234.0K | $45.1M | ||
| Q1 24 | $1.6M | $86.9M |
总债务AMTXFUNC
| Q4 25 | — | $95.9M | ||
| Q3 25 | — | $95.9M | ||
| Q2 25 | — | $120.9M | ||
| Q1 25 | — | $120.9M | ||
| Q4 24 | $338.1M | $120.9M | ||
| Q3 24 | $322.2M | $120.9M | ||
| Q2 24 | $309.0M | $70.9M | ||
| Q1 24 | $307.2M | $70.9M |
股东权益AMTXFUNC
| Q4 25 | $-306.8M | $203.6M | ||
| Q3 25 | $-304.9M | $199.1M | ||
| Q2 25 | $-289.3M | $191.1M | ||
| Q1 25 | $-280.7M | $183.7M | ||
| Q4 24 | $-263.9M | $179.3M | ||
| Q3 24 | $-258.9M | $174.0M | ||
| Q2 24 | $-249.0M | $164.2M | ||
| Q1 24 | $-232.1M | $165.5M |
总资产AMTXFUNC
| Q4 25 | $259.8M | $2.1B | ||
| Q3 25 | $241.1M | $2.0B | ||
| Q2 25 | $240.0M | $2.0B | ||
| Q1 25 | $242.5M | $2.0B | ||
| Q4 24 | $259.3M | $2.0B | ||
| Q3 24 | $259.3M | $1.9B | ||
| Q2 24 | $259.3M | $1.9B | ||
| Q1 24 | $259.3M | $1.9B |
负债/权益比AMTXFUNC
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.43× |
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 | $5.8M | $19.4M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $15.4M |
| 自由现金流率自由现金流/营收 | -24.9% | 66.3% |
| 资本支出强度资本支出/营收 | 38.2% | 17.1% |
| 现金转化率经营现金流/净利润 | — | 3.35× |
| 过去12个月自由现金流最近4个季度 | $-22.7M | $22.7M |
8季度趋势，按日历期对齐
经营现金流AMTXFUNC
| Q4 25 | $5.8M | $19.4M | ||
| Q3 25 | $3.1M | $1.5M | ||
| Q2 25 | $-5.7M | $995.0K | ||
| Q1 25 | $160.0K | $7.0M | ||
| Q4 24 | $-12.6M | $22.3M | ||
| Q3 24 | $-5.0M | $2.3M | ||
| Q2 24 | $-5.1M | $7.2M | ||
| Q1 24 | $-10.3M | $3.6M |
自由现金流AMTXFUNC
| Q4 25 | $-10.8M | $15.4M | ||
| Q3 25 | $-1.0M | $168.0K | ||
| Q2 25 | $-9.3M | $706.0K | ||
| Q1 25 | $-1.7M | $6.4M | ||
| Q4 24 | $-19.4M | $20.4M | ||
| Q3 24 | $-9.5M | $588.0K | ||
| Q2 24 | $-10.5M | $7.0M | ||
| Q1 24 | $-13.9M | $3.5M |
自由现金流率AMTXFUNC
| Q4 25 | -24.9% | 66.3% | ||
| Q3 25 | -1.7% | 0.7% | ||
| Q2 25 | -17.7% | 3.2% | ||
| Q1 25 | -3.9% | 30.5% | ||
| Q4 24 | -41.2% | 98.1% | ||
| Q3 24 | -11.6% | 2.9% | ||
| Q2 24 | -15.8% | 35.1% | ||
| Q1 24 | -19.1% | 18.9% |
资本支出强度AMTXFUNC
| Q4 25 | 38.2% | 17.1% | ||
| Q3 25 | 6.9% | 5.9% | ||
| Q2 25 | 6.7% | 1.3% | ||
| Q1 25 | 4.3% | 2.8% | ||
| Q4 24 | 14.4% | 9.3% | ||
| Q3 24 | 5.5% | 8.4% | ||
| Q2 24 | 8.1% | 0.6% | ||
| Q1 24 | 4.9% | 0.3% |
现金转化率AMTXFUNC
| Q4 25 | — | 3.35× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 3.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 1.46× | ||
| Q1 24 | — | 0.97× |
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
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
FUNC
| Trust Department | $9.8M | 42% |
| Other | $5.6M | 24% |
| Debit Card Income | $4.1M | 17% |
| Service Charges | $2.3M | 10% |
| Brokerage Commissions | $1.4M | 6% |
