vs
AMERICAN WOODMARK CORP（AMWD）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
AMERICAN WOODMARK CORP的季度营收约是PLUG POWER INC的1.8倍（$394.6M vs $225.2M），AMERICAN WOODMARK CORP净利率更高（1.5% vs -375.6%，领先377.2%），PLUG POWER INC同比增速更快（17.6% vs -12.8%），AMERICAN WOODMARK CORP自由现金流更多（$638.0K vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -3.3%）
美国木标公司是一家厨卫橱柜制造商，总部位于弗吉尼亚州温彻斯特。公司在美国多地设有多家生产基地与服务中心，其中生产基地分布在亚利桑那州、佐治亚州、印第安纳州、肯塔基州、马里兰州、田纳西州、弗吉尼亚州以及西弗吉尼亚州，服务网点覆盖全美各地。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
AMWD vs PLUG — 直观对比
营收规模更大
AMWD
是对方的1.8倍
$225.2M
营收增速更快
PLUG
高出30.4%
-12.8%
净利率更高
AMWD
高出377.2%
-375.6%
自由现金流更多
AMWD
多$153.7M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.6M | $225.2M |
| 净利润 | $6.1M | $-846.0M |
| 毛利率 | 15.2% | 2.4% |
| 营业利润率 | 3.1% | -338.9% |
| 净利率 | 1.5% | -375.6% |
| 营收同比 | -12.8% | 17.6% |
| 净利润同比 | -78.0% | 36.7% |
| 每股收益（稀释后） | $0.42 | $-0.70 |
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AMWDPLUG
| Q4 25 | $394.6M | $225.2M | ||
| Q3 25 | $403.0M | $177.1M | ||
| Q2 25 | $400.4M | $174.0M | ||
| Q1 25 | $397.6M | $133.7M | ||
| Q4 24 | $452.5M | $191.5M | ||
| Q3 24 | $459.1M | $173.7M | ||
| Q2 24 | $453.3M | $143.3M | ||
| Q1 24 | $422.1M | $120.3M |
净利润AMWDPLUG
| Q4 25 | $6.1M | $-846.0M | ||
| Q3 25 | $14.6M | $-361.9M | ||
| Q2 25 | $25.6M | $-227.1M | ||
| Q1 25 | $16.6M | $-196.7M | ||
| Q4 24 | $27.7M | $-1.3B | ||
| Q3 24 | $29.6M | $-211.2M | ||
| Q2 24 | $26.8M | $-262.3M | ||
| Q1 24 | $21.2M | $-295.8M |
毛利率AMWDPLUG
| Q4 25 | 15.2% | 2.4% | ||
| Q3 25 | 16.7% | -67.9% | ||
| Q2 25 | 17.0% | -30.7% | ||
| Q1 25 | 15.0% | -55.3% | ||
| Q4 24 | 18.9% | -122.5% | ||
| Q3 24 | 20.2% | -57.6% | ||
| Q2 24 | 18.6% | -91.6% | ||
| Q1 24 | 19.2% | -132.3% |
营业利润率AMWDPLUG
| Q4 25 | 3.1% | -338.9% | ||
| Q3 25 | 5.0% | -197.0% | ||
| Q2 25 | 7.4% | -101.7% | ||
| Q1 25 | 5.3% | -133.5% | ||
| Q4 24 | 9.4% | -678.7% | ||
| Q3 24 | 10.2% | -124.4% | ||
| Q2 24 | 8.4% | -170.7% | ||
| Q1 24 | 6.6% | -215.7% |
净利率AMWDPLUG
| Q4 25 | 1.5% | -375.6% | ||
| Q3 25 | 3.6% | -204.4% | ||
| Q2 25 | 6.4% | -130.5% | ||
| Q1 25 | 4.2% | -147.1% | ||
| Q4 24 | 6.1% | -697.5% | ||
| Q3 24 | 6.5% | -121.5% | ||
| Q2 24 | 5.9% | -183.0% | ||
| Q1 24 | 5.0% | -245.9% |
每股收益（稀释后）AMWDPLUG
| Q4 25 | $0.42 | $-0.70 | ||
| Q3 25 | $1.00 | $-0.31 | ||
| Q2 25 | $1.73 | $-0.20 | ||
| Q1 25 | $1.09 | $-0.21 | ||
| Q4 24 | $1.79 | $-1.61 | ||
| Q3 24 | $1.89 | $-0.25 | ||
| Q2 24 | $1.70 | $-0.36 | ||
| Q1 24 | $1.32 | $-0.46 |
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 | $52.1M | $368.5M |
| 总债务越低越好 | $363.3M | — |
| 股东权益账面价值 | $928.2M | $978.1M |
| 总资产 | $1.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资AMWDPLUG
| Q4 25 | $52.1M | $368.5M | ||
| Q3 25 | $54.9M | $165.9M | ||
| Q2 25 | $48.2M | $140.7M | ||
| Q1 25 | $43.5M | $295.8M | ||
| Q4 24 | $56.7M | $205.7M | ||
| Q3 24 | $89.3M | $93.9M | ||
| Q2 24 | $87.4M | $62.4M | ||
| Q1 24 | $97.8M | $172.9M |
总债务AMWDPLUG
| Q4 25 | $363.3M | — | ||
| Q3 25 | $364.8M | — | ||
| Q2 25 | $365.8M | — | ||
| Q1 25 | $367.3M | — | ||
| Q4 24 | $368.0M | — | ||
| Q3 24 | $372.2M | $3.9M | ||
| Q2 24 | $371.8M | $3.7M | ||
| Q1 24 | $371.3M | $3.8M |
股东权益AMWDPLUG
| Q4 25 | $928.2M | $978.1M | ||
| Q3 25 | $920.3M | $1.4B | ||
| Q2 25 | $916.0M | $1.7B | ||
| Q1 25 | $919.6M | $1.9B | ||
| Q4 24 | $915.1M | $1.7B | ||
| Q3 24 | $913.8M | $3.0B | ||
| Q2 24 | $910.4M | $3.0B | ||
| Q1 24 | $896.9M | $2.9B |
总资产AMWDPLUG
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.6B | $3.1B | ||
| Q2 25 | $1.6B | $3.4B | ||
| Q1 25 | $1.6B | $3.6B | ||
| Q4 24 | $1.6B | $3.6B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.8B | ||
| Q1 24 | $1.6B | $4.8B |
负债/权益比AMWDPLUG
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | 0.00× | ||
| Q2 24 | 0.41× | 0.00× | ||
| Q1 24 | 0.41× | 0.00× |
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 | $11.2M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $638.0K | $-153.0M |
| 自由现金流率自由现金流/营收 | 0.2% | -67.9% |
| 资本支出强度资本支出/营收 | 2.7% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.83× | — |
| 过去12个月自由现金流最近4个季度 | $64.0M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流AMWDPLUG
| Q4 25 | $11.2M | $-148.6M | ||
| Q3 25 | $33.1M | $-89.8M | ||
| Q2 25 | $44.8M | $-191.8M | ||
| Q1 25 | $11.0M | $-105.6M | ||
| Q4 24 | $11.9M | $-131.2M | ||
| Q3 24 | $40.8M | $-174.9M | ||
| Q2 24 | $43.3M | $-254.7M | ||
| Q1 24 | $43.7M | $-167.7M |
自由现金流AMWDPLUG
| Q4 25 | $638.0K | $-153.0M | ||
| Q3 25 | $25.3M | $-117.5M | ||
| Q2 25 | $35.8M | $-230.4M | ||
| Q1 25 | $2.3M | $-146.0M | ||
| Q4 24 | $1.1M | $-165.2M | ||
| Q3 24 | $29.5M | $-234.2M | ||
| Q2 24 | $7.2M | $-356.0M | ||
| Q1 24 | $22.1M | $-260.3M |
自由现金流率AMWDPLUG
| Q4 25 | 0.2% | -67.9% | ||
| Q3 25 | 6.3% | -66.4% | ||
| Q2 25 | 8.9% | -132.5% | ||
| Q1 25 | 0.6% | -109.2% | ||
| Q4 24 | 0.2% | -86.3% | ||
| Q3 24 | 6.4% | -134.8% | ||
| Q2 24 | 1.6% | -248.4% | ||
| Q1 24 | 5.2% | -216.5% |
资本支出强度AMWDPLUG
| Q4 25 | 2.7% | 1.9% | ||
| Q3 25 | 1.9% | 15.6% | ||
| Q2 25 | 2.2% | 22.2% | ||
| Q1 25 | 2.2% | 30.3% | ||
| Q4 24 | 2.4% | 17.7% | ||
| Q3 24 | 2.5% | 34.1% | ||
| Q2 24 | 8.0% | 70.7% | ||
| Q1 24 | 5.1% | 77.0% |
现金转化率AMWDPLUG
| Q4 25 | 1.83× | — | ||
| Q3 25 | 2.27× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 2.06× | — |
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
AMWD
| Home Center Retailers | $166.7M | 42% |
| Builders | $164.7M | 42% |
| Independent Dealersand Distributors | $63.2M | 16% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
