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Applied Digital Corp.（APLD）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是PUMA BIOTECHNOLOGY, INC.的1.7倍（$126.6M vs $75.5M），Applied Digital Corp.同比增速更快（98.2% vs 27.7%），PUMA BIOTECHNOLOGY, INC.自由现金流更多（$14.4M vs $-567.9M），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 31.3%）
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
APLD vs PBYI — 直观对比
营收规模更大
APLD
是对方的1.7倍
$75.5M
营收增速更快
APLD
高出70.5%
27.7%
自由现金流更多
PBYI
多$582.3M
$-567.9M
两年增速更快
APLD
近两年复合增速
31.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $75.5M |
| 净利润 | $-14.4M | — |
| 毛利率 | 20.6% | 69.3% |
| 营业利润率 | -24.5% | 22.7% |
| 净利率 | -11.4% | — |
| 营收同比 | 98.2% | 27.7% |
| 净利润同比 | 89.6% | — |
| 每股收益（稀释后） | $-0.07 | $0.26 |
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APLDPBYI
| Q4 25 | $126.6M | $75.5M | ||
| Q3 25 | $64.2M | $54.5M | ||
| Q2 25 | $-33.3M | $52.4M | ||
| Q1 25 | $52.9M | $46.0M | ||
| Q4 24 | $63.9M | $59.1M | ||
| Q3 24 | $60.7M | $80.5M | ||
| Q2 24 | $43.7M | $47.1M | ||
| Q1 24 | $43.3M | $43.8M |
净利润APLDPBYI
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $8.8M | ||
| Q2 25 | $-52.5M | $5.9M | ||
| Q1 25 | $-35.6M | $3.0M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | $20.3M | ||
| Q2 24 | $-64.5M | $-4.5M | ||
| Q1 24 | $-62.8M | $-4.8M |
毛利率APLDPBYI
| Q4 25 | 20.6% | 69.3% | ||
| Q3 25 | 13.4% | 77.7% | ||
| Q2 25 | — | 76.5% | ||
| Q1 25 | 7.1% | 77.1% | ||
| Q4 24 | 18.0% | 76.4% | ||
| Q3 24 | -0.6% | 63.9% | ||
| Q2 24 | -9.1% | 77.4% | ||
| Q1 24 | -8.6% | 75.5% |
营业利润率APLDPBYI
| Q4 25 | -24.5% | 22.7% | ||
| Q3 25 | -34.7% | 17.6% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | -35.8% | 8.7% | ||
| Q4 24 | -29.1% | 22.6% | ||
| Q3 24 | 15.6% | 27.4% | ||
| Q2 24 | -68.4% | -4.6% | ||
| Q1 24 | -128.8% | -5.3% |
净利率APLDPBYI
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | 16.2% | ||
| Q2 25 | 157.8% | 11.2% | ||
| Q1 25 | -67.2% | 6.5% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | 25.2% | ||
| Q2 24 | -147.5% | -9.6% | ||
| Q1 24 | -145.0% | -11.0% |
每股收益（稀释后）APLDPBYI
| Q4 25 | $-0.07 | $0.26 | ||
| Q3 25 | $-0.07 | $0.17 | ||
| Q2 25 | $-0.31 | $0.12 | ||
| Q1 25 | $-0.16 | $0.06 | ||
| Q4 24 | $-0.66 | $0.40 | ||
| Q3 24 | $-0.03 | $0.41 | ||
| Q2 24 | $-0.57 | $-0.09 | ||
| Q1 24 | $-0.52 | $-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 | $1.9B | $97.5M |
| 总债务越低越好 | — | $22.7M |
| 股东权益账面价值 | $1.4B | $130.3M |
| 总资产 | $5.2B | $216.3M |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资APLDPBYI
| Q4 25 | $1.9B | $97.5M | ||
| Q3 25 | $73.9M | $94.4M | ||
| Q2 25 | $41.6M | $96.0M | ||
| Q1 25 | $68.7M | $93.2M | ||
| Q4 24 | $286.2M | $101.0M | ||
| Q3 24 | $58.2M | $96.7M | ||
| Q2 24 | $3.3M | $96.8M | ||
| Q1 24 | $4.4M | $107.2M |
总债务APLDPBYI
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
股东权益APLDPBYI
| Q4 25 | $1.4B | $130.3M | ||
| Q3 25 | $1.0B | $115.3M | ||
| Q2 25 | $497.7M | $104.7M | ||
| Q1 25 | $454.6M | $97.1M | ||
| Q4 24 | $434.6M | $92.1M | ||
| Q3 24 | $241.8M | $71.1M | ||
| Q2 24 | $124.8M | $48.5M | ||
| Q1 24 | $118.5M | $51.0M |
总资产APLDPBYI
| Q4 25 | $5.2B | $216.3M | ||
| Q3 25 | $2.4B | $202.9M | ||
| Q2 25 | $1.9B | $194.9M | ||
| Q1 25 | $1.7B | $196.2M | ||
| Q4 24 | $1.5B | $213.3M | ||
| Q3 24 | $937.7M | $220.7M | ||
| Q2 24 | $762.9M | $205.0M | ||
| Q1 24 | $643.2M | $214.1M |
负债/权益比APLDPBYI
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $-15.8M | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $14.4M |
| 自由现金流率自由现金流/营收 | -448.6% | 19.1% |
| 资本支出强度资本支出/营收 | 436.1% | 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 | $-1.3B | $41.7M |
8季度趋势，按日历期对齐
经营现金流APLDPBYI
| Q4 25 | $-15.8M | $14.4M | ||
| Q3 25 | $-82.0M | $9.7M | ||
| Q2 25 | $6.9M | $14.1M | ||
| Q1 25 | $5.9M | $3.6M | ||
| Q4 24 | $-52.3M | $15.6M | ||
| Q3 24 | $-75.9M | $11.0M | ||
| Q2 24 | $-34.1M | $1.0M | ||
| Q1 24 | $38.8M | $11.2M |
自由现金流APLDPBYI
| Q4 25 | $-567.9M | $14.4M | ||
| Q3 25 | $-331.4M | $9.7M | ||
| Q2 25 | $-191.4M | $14.1M | ||
| Q1 25 | $-251.6M | $3.6M | ||
| Q4 24 | $-223.3M | $15.6M | ||
| Q3 24 | $-130.7M | $11.0M | ||
| Q2 24 | $-88.9M | $1.0M | ||
| Q1 24 | $-2.3M | — |
自由现金流率APLDPBYI
| Q4 25 | -448.6% | 19.1% | ||
| Q3 25 | -516.1% | 17.7% | ||
| Q2 25 | 574.8% | 26.8% | ||
| Q1 25 | -475.4% | 7.7% | ||
| Q4 24 | -349.6% | 26.4% | ||
| Q3 24 | -215.3% | 13.7% | ||
| Q2 24 | -203.5% | 2.1% | ||
| Q1 24 | -5.4% | — |
资本支出强度APLDPBYI
| Q4 25 | 436.1% | 0.0% | ||
| Q3 25 | 388.4% | 0.0% | ||
| Q2 25 | -595.4% | 0.0% | ||
| Q1 25 | 486.6% | 0.1% | ||
| Q4 24 | 267.8% | 0.0% | ||
| Q3 24 | 90.3% | 0.0% | ||
| Q2 24 | 125.4% | 0.0% | ||
| Q1 24 | 95.0% | 0.0% |
现金转化率APLDPBYI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| 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
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
PBYI
暂无分部数据
