vs
American Well Corp（AMWL）与Globalstar, Inc.（GSAT）财务数据对比。点击上方公司名可切换其他公司
Globalstar, Inc.的季度营收约是American Well Corp的1.3倍（$72.0M vs $55.3M），Globalstar, Inc.净利率更高（-16.1% vs -45.1%，领先28.9%），Globalstar, Inc.同比增速更快（17.6% vs -22.1%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -3.6%）
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
AMWL vs GSAT — 直观对比
营收规模更大
GSAT
是对方的1.3倍
$55.3M
营收增速更快
GSAT
高出39.7%
-22.1%
净利率更高
GSAT
高出28.9%
-45.1%
两年增速更快
GSAT
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $72.0M |
| 净利润 | $-24.9M | $-11.6M |
| 毛利率 | — | — |
| 营业利润率 | -45.5% | -0.5% |
| 净利率 | -45.1% | -16.1% |
| 营收同比 | -22.1% | 17.6% |
| 净利润同比 | 41.6% | 76.9% |
| 每股收益（稀释后） | $-1.53 | $-0.11 |
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AMWLGSAT
| Q4 25 | $55.3M | $72.0M | ||
| Q3 25 | $56.3M | $73.8M | ||
| Q2 25 | $70.9M | $67.1M | ||
| Q1 25 | $66.8M | $60.0M | ||
| Q4 24 | $71.0M | $61.2M | ||
| Q3 24 | $61.0M | $72.3M | ||
| Q2 24 | $62.8M | $60.4M | ||
| Q1 24 | $59.5M | $56.5M |
净利润AMWLGSAT
| Q4 25 | $-24.9M | $-11.6M | ||
| Q3 25 | $-32.4M | $1.1M | ||
| Q2 25 | $-19.7M | $19.2M | ||
| Q1 25 | $-18.7M | $-17.3M | ||
| Q4 24 | $-42.7M | $-50.2M | ||
| Q3 24 | $-43.5M | $9.9M | ||
| Q2 24 | $-49.9M | $-9.7M | ||
| Q1 24 | $-72.1M | $-13.2M |
营业利润率AMWLGSAT
| Q4 25 | -45.5% | -0.5% | ||
| Q3 25 | -52.1% | 13.8% | ||
| Q2 25 | -28.7% | 9.2% | ||
| Q1 25 | -45.5% | -14.2% | ||
| Q4 24 | -60.2% | -6.9% | ||
| Q3 24 | -77.6% | 13.0% | ||
| Q2 24 | -83.4% | -2.4% | ||
| Q1 24 | -126.1% | -8.3% |
净利率AMWLGSAT
| Q4 25 | -45.1% | -16.1% | ||
| Q3 25 | -57.5% | 1.5% | ||
| Q2 25 | -27.8% | 28.6% | ||
| Q1 25 | -28.0% | -28.9% | ||
| Q4 24 | -60.1% | -82.1% | ||
| Q3 24 | -71.2% | 13.7% | ||
| Q2 24 | -79.5% | -16.0% | ||
| Q1 24 | -121.1% | -23.4% |
每股收益（稀释后）AMWLGSAT
| Q4 25 | $-1.53 | $-0.11 | ||
| Q3 25 | $-2.00 | $-0.01 | ||
| Q2 25 | $-1.24 | $0.13 | ||
| Q1 25 | $-1.19 | $-0.16 | ||
| Q4 24 | $-2.71 | $-0.57 | ||
| Q3 24 | $-2.87 | $0.00 | ||
| Q2 24 | $-3.36 | $-0.01 | ||
| Q1 24 | $-4.94 | $-0.01 |
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 | $182.3M | $447.5M |
| 总债务越低越好 | — | $483.8M |
| 股东权益账面价值 | $235.6M | $355.7M |
| 总资产 | $323.8M | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资AMWLGSAT
| Q4 25 | $182.3M | $447.5M | ||
| Q3 25 | $200.9M | $346.3M | ||
| Q2 25 | $219.1M | $308.2M | ||
| Q1 25 | $222.4M | $241.4M | ||
| Q4 24 | $228.3M | $391.2M | ||
| Q3 24 | $244.6M | $51.9M | ||
| Q2 24 | $276.9M | $64.3M | ||
| Q1 24 | $308.6M | $59.3M |
总债务AMWLGSAT
| Q4 25 | — | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
股东权益AMWLGSAT
| Q4 25 | $235.6M | $355.7M | ||
| Q3 25 | $254.9M | $364.8M | ||
| Q2 25 | $282.6M | $360.9M | ||
| Q1 25 | $294.0M | $344.3M | ||
| Q4 24 | $304.8M | $358.9M | ||
| Q3 24 | $336.7M | $394.1M | ||
| Q2 24 | $363.9M | $383.0M | ||
| Q1 24 | $408.7M | $377.1M |
总资产AMWLGSAT
| Q4 25 | $323.8M | $2.3B | ||
| Q3 25 | $359.4M | $2.2B | ||
| Q2 25 | $388.7M | $1.9B | ||
| Q1 25 | $419.5M | $1.7B | ||
| Q4 24 | $436.0M | $1.7B | ||
| Q3 24 | $483.0M | $917.6M | ||
| Q2 24 | $507.8M | $926.2M | ||
| Q1 24 | $548.4M | $917.0M |
负债/权益比AMWLGSAT
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $-17.4M | $175.9M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | — |
| 自由现金流率自由现金流/营收 | -31.4% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流AMWLGSAT
| Q4 25 | $-17.4M | $175.9M | ||
| Q3 25 | $-18.8M | $236.0M | ||
| Q2 25 | $-4.7M | $157.9M | ||
| Q1 25 | $-25.1M | $51.9M | ||
| Q4 24 | $-13.4M | $340.7M | ||
| Q3 24 | $-32.4M | $32.0M | ||
| Q2 24 | $-21.8M | $36.7M | ||
| Q1 24 | $-59.8M | $29.8M |
自由现金流AMWLGSAT
| Q4 25 | $-17.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-25.1M | — | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $-21.8M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率AMWLGSAT
| Q4 25 | -31.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -37.6% | — | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -53.0% | — | ||
| Q2 24 | -34.7% | — | ||
| Q1 24 | -100.5% | — |
资本支出强度AMWLGSAT
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
现金转化率AMWLGSAT
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| 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
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
