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AEMETIS, INC（AMTX）与LandBridge Co LLC（LB）财务数据对比。点击上方公司名可切换其他公司
LandBridge Co LLC的季度营收约是AEMETIS, INC的1.2倍（$51.0M vs $43.3M），LandBridge Co LLC同比增速更快（16.0% vs -7.9%），LandBridge Co LLC自由现金流更多（$40.9M vs $-10.8M），过去两年LandBridge Co LLC的营收复合增速更高（40.2% 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。
AMTX vs LB — 直观对比
营收规模更大
LB
是对方的1.2倍
$43.3M
营收增速更快
LB
高出23.9%
-7.9%
自由现金流更多
LB
多$51.7M
$-10.8M
两年增速更快
LB
近两年复合增速
-22.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $51.0M |
| 净利润 | — | $17.9M |
| 毛利率 | 17.8% | — |
| 营业利润率 | -5.7% | 57.2% |
| 净利率 | — | 35.0% |
| 营收同比 | -7.9% | 16.0% |
| 净利润同比 | — | 15.6% |
| 每股收益（稀释后） | $-0.03 | — |
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AMTXLB
| Q1 26 | — | $51.0M | ||
| Q4 25 | $43.3M | $56.8M | ||
| Q3 25 | $59.2M | $50.8M | ||
| Q2 25 | $52.2M | $47.5M | ||
| Q1 25 | $42.9M | $44.0M | ||
| Q4 24 | $47.0M | $36.5M | ||
| Q3 24 | $81.4M | $28.5M | ||
| Q2 24 | $66.6M | $26.0M |
净利润AMTXLB
| Q1 26 | — | $17.9M | ||
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-23.7M | $8.1M | ||
| Q2 25 | $-23.4M | $7.5M | ||
| Q1 25 | $-24.5M | $6.5M | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | $-17.9M | $2.7M | ||
| Q2 24 | $-29.2M | $-57.7M |
毛利率AMTXLB
| Q1 26 | — | — | ||
| 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% | — |
营业利润率AMTXLB
| Q1 26 | — | 57.2% | ||
| Q4 25 | -5.7% | 60.0% | ||
| Q3 25 | -14.4% | 60.8% | ||
| Q2 25 | -20.4% | 60.0% | ||
| Q1 25 | -36.3% | 57.0% | ||
| Q4 24 | -28.7% | 49.4% | ||
| Q3 24 | -4.8% | 11.2% | ||
| Q2 24 | -20.4% | -197.4% |
净利率AMTXLB
| Q1 26 | — | 35.0% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | -40.1% | 15.9% | ||
| Q2 25 | -44.8% | 15.8% | ||
| Q1 25 | -57.2% | 14.7% | ||
| Q4 24 | — | 135.2% | ||
| Q3 24 | -22.0% | 9.3% | ||
| Q2 24 | -43.8% | -222.1% |
每股收益（稀释后）AMTXLB
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $0.24 | ||
| Q3 25 | $-0.37 | $0.26 | ||
| Q2 25 | $-0.41 | $0.24 | ||
| Q1 25 | $-0.47 | $0.20 | ||
| Q4 24 | $-0.29 | — | ||
| Q3 24 | $-0.38 | $-0.04 | ||
| Q2 24 | $-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 | $4.9M | $29.7M |
| 总债务越低越好 | — | $433.0K |
| 股东权益账面价值 | $-306.8M | — |
| 总资产 | $259.8M | $1.4B |
| 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AMTXLB
| Q1 26 | — | $29.7M | ||
| Q4 25 | $4.9M | $30.7M | ||
| Q3 25 | $5.6M | $28.3M | ||
| Q2 25 | $1.6M | $20.3M | ||
| Q1 25 | $499.0K | $14.9M | ||
| Q4 24 | $898.0K | $37.0M | ||
| Q3 24 | $296.0K | $14.4M | ||
| Q2 24 | $234.0K | $24.6M |
总债务AMTXLB
| Q1 26 | — | $433.0K | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | $338.1M | $385.5M | ||
| Q3 24 | $322.2M | $242.4M | ||
| Q2 24 | $309.0M | $360.8M |
股东权益AMTXLB
| Q1 26 | — | — | ||
| Q4 25 | $-306.8M | $340.3M | ||
| Q3 25 | $-304.9M | $272.0M | ||
| Q2 25 | $-289.3M | $266.4M | ||
| Q1 25 | $-280.7M | $217.0M | ||
| Q4 24 | $-263.9M | $211.8M | ||
| Q3 24 | $-258.9M | $97.2M | ||
| Q2 24 | $-249.0M | $296.4M |
总资产AMTXLB
| Q1 26 | — | $1.4B | ||
| Q4 25 | $259.8M | $1.4B | ||
| Q3 25 | $241.1M | $1.1B | ||
| Q2 25 | $240.0M | $1.1B | ||
| Q1 25 | $242.5M | $1.0B | ||
| Q4 24 | $259.3M | $1.0B | ||
| Q3 24 | $259.3M | $689.9M | ||
| Q2 24 | $259.3M | $710.5M |
负债/权益比AMTXLB
| Q1 26 | — | — | ||
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× |
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 | $41.1M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $40.9M |
| 自由现金流率自由现金流/营收 | -24.9% | 80.3% |
| 资本支出强度资本支出/营收 | 38.2% | — |
| 现金转化率经营现金流/净利润 | — | 2.30× |
| 过去12个月自由现金流最近4个季度 | $-22.7M | $232.8M |
8季度趋势，按日历期对齐
经营现金流AMTXLB
| Q1 26 | — | $41.1M | ||
| Q4 25 | $5.8M | $126.3M | ||
| Q3 25 | $3.1M | $34.9M | ||
| Q2 25 | $-5.7M | $37.3M | ||
| Q1 25 | $160.0K | $15.9M | ||
| Q4 24 | $-12.6M | $67.6M | ||
| Q3 24 | $-5.0M | $7.5M | ||
| Q2 24 | $-5.1M | $16.0M |
自由现金流AMTXLB
| Q1 26 | — | $40.9M | ||
| Q4 25 | $-10.8M | $122.0M | ||
| Q3 25 | $-1.0M | $33.7M | ||
| Q2 25 | $-9.3M | $36.1M | ||
| Q1 25 | $-1.7M | $15.8M | ||
| Q4 24 | $-19.4M | $66.7M | ||
| Q3 24 | $-9.5M | $7.1M | ||
| Q2 24 | $-10.5M | $15.7M |
自由现金流率AMTXLB
| Q1 26 | — | 80.3% | ||
| Q4 25 | -24.9% | 214.9% | ||
| Q3 25 | -1.7% | 66.3% | ||
| Q2 25 | -17.7% | 75.9% | ||
| Q1 25 | -3.9% | 36.0% | ||
| Q4 24 | -41.2% | 182.6% | ||
| Q3 24 | -11.6% | 25.1% | ||
| Q2 24 | -15.8% | 60.4% |
资本支出强度AMTXLB
| Q1 26 | — | — | ||
| Q4 25 | 38.2% | 7.5% | ||
| Q3 25 | 6.9% | 2.3% | ||
| Q2 25 | 6.7% | 2.6% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 14.4% | 2.7% | ||
| Q3 24 | 5.5% | 1.1% | ||
| Q2 24 | 8.1% | 1.4% |
现金转化率AMTXLB
| Q1 26 | — | 2.30× | ||
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 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
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
