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AEMETIS, INC（AMTX）与FiscalNote Holdings, Inc.（NOTE）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FiscalNote Holdings, Inc.的2.0倍（$43.3M vs $22.2M），AEMETIS, INC同比增速更快（-7.9% vs -24.7%），FiscalNote Holdings, Inc.自由现金流更多（$-1.9M vs $-10.8M），过去两年FiscalNote Holdings, Inc.的营收复合增速更高（-16.8% 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。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
AMTX vs NOTE — 直观对比
营收规模更大
AMTX
是对方的2.0倍
$22.2M
营收增速更快
AMTX
高出16.8%
-24.7%
自由现金流更多
NOTE
多$8.9M
$-10.8M
两年增速更快
NOTE
近两年复合增速
-22.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $22.2M |
| 净利润 | — | — |
| 毛利率 | 17.8% | — |
| 营业利润率 | -5.7% | -83.7% |
| 净利率 | — | — |
| 营收同比 | -7.9% | -24.7% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.03 | $-2.81 |
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AMTXNOTE
| Q4 25 | $43.3M | $22.2M | ||
| Q3 25 | $59.2M | $22.4M | ||
| Q2 25 | $52.2M | $23.3M | ||
| Q1 25 | $42.9M | $27.5M | ||
| Q4 24 | $47.0M | $29.5M | ||
| Q3 24 | $81.4M | $29.4M | ||
| Q2 24 | $66.6M | $29.2M | ||
| Q1 24 | $72.6M | $32.1M |
净利润AMTXNOTE
| Q4 25 | — | — | ||
| Q3 25 | $-23.7M | $-24.9M | ||
| Q2 25 | $-23.4M | $-13.3M | ||
| Q1 25 | $-24.5M | $-4.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.9M | $-14.9M | ||
| Q2 24 | $-29.2M | $-12.8M | ||
| Q1 24 | $-24.2M | $50.6M |
毛利率AMTXNOTE
| 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AMTXNOTE
| Q4 25 | -5.7% | -83.7% | ||
| Q3 25 | -14.4% | -43.4% | ||
| Q2 25 | -20.4% | -31.9% | ||
| Q1 25 | -36.3% | -50.0% | ||
| Q4 24 | -28.7% | -19.4% | ||
| Q3 24 | -4.8% | -23.1% | ||
| Q2 24 | -20.4% | -27.2% | ||
| Q1 24 | -13.0% | -35.6% |
净利率AMTXNOTE
| Q4 25 | — | — | ||
| Q3 25 | -40.1% | -110.8% | ||
| Q2 25 | -44.8% | -57.0% | ||
| Q1 25 | -57.2% | -15.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -22.0% | -50.7% | ||
| Q2 24 | -43.8% | -43.6% | ||
| Q1 24 | -33.4% | 157.6% |
每股收益（稀释后）AMTXNOTE
| Q4 25 | $-0.03 | $-2.81 | ||
| Q3 25 | $-0.37 | $-1.73 | ||
| Q2 25 | $-0.41 | $-0.08 | ||
| Q1 25 | $-0.47 | $-0.03 | ||
| Q4 24 | $-0.29 | $1.88 | ||
| Q3 24 | $-0.38 | $-1.33 | ||
| Q2 24 | $-0.66 | $-0.09 | ||
| Q1 24 | $-0.58 | $0.37 |
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 | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $-306.8M | $62.0M |
| 总资产 | $259.8M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资AMTXNOTE
| Q4 25 | $4.9M | $26.3M | ||
| Q3 25 | $5.6M | $31.2M | ||
| Q2 25 | $1.6M | $38.5M | ||
| Q1 25 | $499.0K | $46.3M | ||
| Q4 24 | $898.0K | $34.6M | ||
| Q3 24 | $296.0K | $32.7M | ||
| Q2 24 | $234.0K | $37.7M | ||
| Q1 24 | $1.6M | $43.6M |
总债务AMTXNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | $338.1M | $147.1M | ||
| Q3 24 | $322.2M | $152.2M | ||
| Q2 24 | $309.0M | $145.9M | ||
| Q1 24 | $307.2M | $153.0M |
股东权益AMTXNOTE
| Q4 25 | $-306.8M | $62.0M | ||
| Q3 25 | $-304.9M | $75.5M | ||
| Q2 25 | $-289.3M | $95.1M | ||
| Q1 25 | $-280.7M | $98.7M | ||
| Q4 24 | $-263.9M | $97.8M | ||
| Q3 24 | $-258.9M | $98.5M | ||
| Q2 24 | $-249.0M | $106.9M | ||
| Q1 24 | $-232.1M | $106.1M |
总资产AMTXNOTE
| Q4 25 | $259.8M | $255.1M | ||
| Q3 25 | $241.1M | $273.9M | ||
| Q2 25 | $240.0M | $288.3M | ||
| Q1 25 | $242.5M | $299.7M | ||
| Q4 24 | $259.3M | $326.2M | ||
| Q3 24 | $259.3M | $337.9M | ||
| Q2 24 | $259.3M | $346.3M | ||
| Q1 24 | $259.3M | $357.8M |
负债/权益比AMTXNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
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 | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $-1.9M |
| 自由现金流率自由现金流/营收 | -24.9% | -8.7% |
| 资本支出强度资本支出/营收 | 38.2% | 7.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-22.7M | $-18.6M |
8季度趋势，按日历期对齐
经营现金流AMTXNOTE
| Q4 25 | $5.8M | $-279.0K | ||
| Q3 25 | $3.1M | $-8.3M | ||
| Q2 25 | $-5.7M | $-6.2M | ||
| Q1 25 | $160.0K | $3.3M | ||
| Q4 24 | $-12.6M | $-1.3M | ||
| Q3 24 | $-5.0M | $-3.0M | ||
| Q2 24 | $-5.1M | $-3.7M | ||
| Q1 24 | $-10.3M | $2.7M |
自由现金流AMTXNOTE
| Q4 25 | $-10.8M | $-1.9M | ||
| Q3 25 | $-1.0M | $-10.4M | ||
| Q2 25 | $-9.3M | $-7.7M | ||
| Q1 25 | $-1.7M | $1.3M | ||
| Q4 24 | $-19.4M | $-3.4M | ||
| Q3 24 | $-9.5M | $-5.4M | ||
| Q2 24 | $-10.5M | $-6.5M | ||
| Q1 24 | $-13.9M | $1.0M |
自由现金流率AMTXNOTE
| Q4 25 | -24.9% | -8.7% | ||
| Q3 25 | -1.7% | -46.2% | ||
| Q2 25 | -17.7% | -33.0% | ||
| Q1 25 | -3.9% | 4.7% | ||
| Q4 24 | -41.2% | -11.4% | ||
| Q3 24 | -11.6% | -18.4% | ||
| Q2 24 | -15.8% | -22.1% | ||
| Q1 24 | -19.1% | 3.3% |
资本支出强度AMTXNOTE
| Q4 25 | 38.2% | 7.4% | ||
| Q3 25 | 6.9% | 9.3% | ||
| Q2 25 | 6.7% | 6.4% | ||
| Q1 25 | 4.3% | 7.2% | ||
| Q4 24 | 14.4% | 6.8% | ||
| Q3 24 | 5.5% | 8.3% | ||
| Q2 24 | 8.1% | 9.4% | ||
| Q1 24 | 4.9% | 5.3% |
现金转化率AMTXNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
