vs
American Well Corp（AMWL）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是American Well Corp的1.5倍（$81.3M vs $55.3M），American Well Corp净利率更高（-45.1% vs -72.8%，领先27.8%），Planet Labs PBC同比增速更快（32.6% vs -22.1%），Planet Labs PBC自由现金流更多（$1.9M vs $-17.4M），过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
AMWL vs PL — 直观对比
营收规模更大
PL
是对方的1.5倍
$55.3M
营收增速更快
PL
高出54.7%
-22.1%
净利率更高
AMWL
高出27.8%
-72.8%
自由现金流更多
PL
多$19.3M
$-17.4M
两年增速更快
PL
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $81.3M |
| 净利润 | $-24.9M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -45.5% | -22.6% |
| 净利率 | -45.1% | -72.8% |
| 营收同比 | -22.1% | 32.6% |
| 净利润同比 | 41.6% | -194.7% |
| 每股收益（稀释后） | $-1.53 | $-0.19 |
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AMWLPL
| Q4 25 | $55.3M | $81.3M | ||
| Q3 25 | $56.3M | $73.4M | ||
| Q2 25 | $70.9M | $66.3M | ||
| Q1 25 | $66.8M | $61.6M | ||
| Q4 24 | $71.0M | $61.3M | ||
| Q3 24 | $61.0M | $61.1M | ||
| Q2 24 | $62.8M | $60.4M | ||
| Q1 24 | $59.5M | $58.9M |
净利润AMWLPL
| Q4 25 | $-24.9M | $-59.2M | ||
| Q3 25 | $-32.4M | $-22.6M | ||
| Q2 25 | $-19.7M | $-12.6M | ||
| Q1 25 | $-18.7M | $-35.2M | ||
| Q4 24 | $-42.7M | $-20.1M | ||
| Q3 24 | $-43.5M | $-38.7M | ||
| Q2 24 | $-49.9M | $-29.3M | ||
| Q1 24 | $-72.1M | $-30.1M |
毛利率AMWLPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率AMWLPL
| Q4 25 | -45.5% | -22.6% | ||
| Q3 25 | -52.1% | -24.5% | ||
| Q2 25 | -28.7% | -34.4% | ||
| Q1 25 | -45.5% | -31.5% | ||
| Q4 24 | -60.2% | -36.9% | ||
| Q3 24 | -77.6% | -64.8% | ||
| Q2 24 | -83.4% | -57.2% | ||
| Q1 24 | -126.1% | -57.6% |
净利率AMWLPL
| Q4 25 | -45.1% | -72.8% | ||
| Q3 25 | -57.5% | -30.8% | ||
| Q2 25 | -27.8% | -19.1% | ||
| Q1 25 | -28.0% | -57.1% | ||
| Q4 24 | -60.1% | -32.8% | ||
| Q3 24 | -71.2% | -63.3% | ||
| Q2 24 | -79.5% | -48.5% | ||
| Q1 24 | -121.1% | -51.1% |
每股收益（稀释后）AMWLPL
| Q4 25 | $-1.53 | $-0.19 | ||
| Q3 25 | $-2.00 | $-0.07 | ||
| Q2 25 | $-1.24 | $-0.04 | ||
| Q1 25 | $-1.19 | $-0.12 | ||
| Q4 24 | $-2.71 | $-0.07 | ||
| Q3 24 | $-2.87 | $-0.13 | ||
| Q2 24 | $-3.36 | $-0.10 | ||
| Q1 24 | $-4.94 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $235.6M | $349.6M |
| 总资产 | $323.8M | $1.1B |
| 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AMWLPL
| Q4 25 | $182.3M | $443.3M | ||
| Q3 25 | $200.9M | $181.1M | ||
| Q2 25 | $219.1M | $133.5M | ||
| Q1 25 | $222.4M | $118.0M | ||
| Q4 24 | $228.3M | $139.0M | ||
| Q3 24 | $244.6M | $148.3M | ||
| Q2 24 | $276.9M | $107.4M | ||
| Q1 24 | $308.6M | $83.9M |
股东权益AMWLPL
| Q4 25 | $235.6M | $349.6M | ||
| Q3 25 | $254.9M | $435.7M | ||
| Q2 25 | $282.6M | $444.8M | ||
| Q1 25 | $294.0M | $441.3M | ||
| Q4 24 | $304.8M | $464.6M | ||
| Q3 24 | $336.7M | $473.2M | ||
| Q2 24 | $363.9M | $500.3M | ||
| Q1 24 | $408.7M | $518.0M |
总资产AMWLPL
| Q4 25 | $323.8M | $1.1B | ||
| Q3 25 | $359.4M | $696.4M | ||
| Q2 25 | $388.7M | $658.4M | ||
| Q1 25 | $419.5M | $633.8M | ||
| Q4 24 | $436.0M | $630.8M | ||
| Q3 24 | $483.0M | $658.4M | ||
| Q2 24 | $507.8M | $674.6M | ||
| Q1 24 | $548.4M | $702.0M |
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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $1.9M |
| 自由现金流率自由现金流/营收 | -31.4% | 2.3% |
| 资本支出强度资本支出/营收 | 0.0% | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流AMWLPL
| Q4 25 | $-17.4M | $28.6M | ||
| Q3 25 | $-18.8M | $67.8M | ||
| Q2 25 | $-4.7M | $17.3M | ||
| Q1 25 | $-25.1M | $-6.3M | ||
| Q4 24 | $-13.4M | $4.1M | ||
| Q3 24 | $-32.4M | $-7.9M | ||
| Q2 24 | $-21.8M | $-4.3M | ||
| Q1 24 | $-59.8M | $-6.8M |
自由现金流AMWLPL
| Q4 25 | $-17.4M | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | $-25.1M | $-17.9M | ||
| Q4 24 | $-13.4M | $-3.6M | ||
| Q3 24 | $-32.4M | $-23.0M | ||
| Q2 24 | $-21.8M | $-14.2M | ||
| Q1 24 | $-59.8M | $-15.7M |
自由现金流率AMWLPL
| Q4 25 | -31.4% | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | -37.6% | -29.1% | ||
| Q4 24 | -18.9% | -5.8% | ||
| Q3 24 | -53.0% | -37.6% | ||
| Q2 24 | -34.7% | -23.6% | ||
| Q1 24 | -100.5% | -26.7% |
资本支出强度AMWLPL
| Q4 25 | 0.0% | 32.9% | ||
| Q3 25 | 0.0% | 27.6% | ||
| Q2 25 | 0.0% | 12.3% | ||
| Q1 25 | 0.0% | 18.9% | ||
| Q4 24 | 0.0% | 12.5% | ||
| Q3 24 | 0.0% | 24.8% | ||
| Q2 24 | 0.0% | 16.4% | ||
| Q1 24 | 0.1% | 15.1% |
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
