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Apellis Pharmaceuticals, Inc.（APLS）与ATN International, Inc.（ATNI）财务数据对比。点击上方公司名可切换其他公司
Apellis Pharmaceuticals, Inc.的季度营收约是ATN International, Inc.的1.2倍（$199.9M vs $169.1M），ATN International, Inc.净利率更高（-4.0% vs -29.5%，领先25.5%），ATN International, Inc.同比增速更快（1.2% vs -5.9%），ATN International, Inc.自由现金流更多（$7.1M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -1.1%）
Apellis Pharmaceuticals是一家临床阶段生物制药企业，专注于开发调节补体系统的靶向疗法，适应症覆盖年龄相关性黄斑变性继发地图样萎缩等眼科疾病、罕见血液病及自身免疫性疾病，核心市场为美国及欧盟地区。
ATN International是一家上市电信企业，总部位于美国马萨诸塞州贝弗利，前身为大西洋电信网络公司。该公司运营数字无线、固线通信网络，以及地面和海底光纤网络，服务于地理分散、地形复杂的市场，覆盖美国的平原、沙漠与山区等区域。
APLS vs ATNI — 直观对比
营收规模更大
APLS
是对方的1.2倍
$169.1M
营收增速更快
ATNI
高出7.1%
-5.9%
净利率更高
ATNI
高出25.5%
-29.5%
自由现金流更多
ATNI
多$21.4M
$-14.3M
两年增速更快
APLS
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $169.1M |
| 净利润 | $-59.0M | $-6.8M |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | 9.3% |
| 净利率 | -29.5% | -4.0% |
| 营收同比 | -5.9% | 1.2% |
| 净利润同比 | -62.2% | -261.7% |
| 每股收益（稀释后） | $-0.40 | $-0.31 |
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APLSATNI
| Q4 25 | $199.9M | $169.1M | ||
| Q3 25 | $458.6M | $166.9M | ||
| Q2 25 | $178.5M | $166.5M | ||
| Q1 25 | $166.8M | $164.6M | ||
| Q4 24 | $212.5M | $167.1M | ||
| Q3 24 | $196.8M | $164.6M | ||
| Q2 24 | $199.7M | $169.4M | ||
| Q1 24 | $172.3M | $172.9M |
净利润APLSATNI
| Q4 25 | $-59.0M | $-6.8M | ||
| Q3 25 | $215.7M | $3.9M | ||
| Q2 25 | $-42.2M | $-9.3M | ||
| Q1 25 | $-92.2M | $-11.4M | ||
| Q4 24 | $-36.4M | $4.2M | ||
| Q3 24 | $-57.4M | $-39.5M | ||
| Q2 24 | $-37.7M | $11.3M | ||
| Q1 24 | $-66.4M | $-7.9M |
营业利润率APLSATNI
| Q4 25 | -25.6% | 9.3% | ||
| Q3 25 | 48.7% | 5.9% | ||
| Q2 25 | -18.6% | 0.1% | ||
| Q1 25 | -50.0% | 1.6% | ||
| Q4 24 | -12.3% | 5.2% | ||
| Q3 24 | -24.0% | -23.3% | ||
| Q2 24 | -14.7% | 14.4% | ||
| Q1 24 | -36.0% | 2.6% |
净利率APLSATNI
| Q4 25 | -29.5% | -4.0% | ||
| Q3 25 | 47.0% | 2.4% | ||
| Q2 25 | -23.6% | -5.6% | ||
| Q1 25 | -55.3% | -6.9% | ||
| Q4 24 | -17.1% | 2.5% | ||
| Q3 24 | -29.2% | -24.0% | ||
| Q2 24 | -18.9% | 6.7% | ||
| Q1 24 | -38.5% | -4.6% |
每股收益（稀释后）APLSATNI
| Q4 25 | $-0.40 | $-0.31 | ||
| Q3 25 | $1.67 | $0.18 | ||
| Q2 25 | $-0.33 | $-0.56 | ||
| Q1 25 | $-0.74 | $-0.69 | ||
| Q4 24 | $-0.30 | $0.16 | ||
| Q3 24 | $-0.46 | $-2.26 | ||
| Q2 24 | $-0.30 | $0.50 | ||
| Q1 24 | $-0.54 | $-0.50 |
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 | $466.2M | $102.9M |
| 总债务越低越好 | — | $565.2M |
| 股东权益账面价值 | $370.1M | $444.3M |
| 总资产 | $1.1B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资APLSATNI
| Q4 25 | $466.2M | $102.9M | ||
| Q3 25 | $479.2M | $106.6M | ||
| Q2 25 | $370.0M | $99.4M | ||
| Q1 25 | $358.4M | $83.8M | ||
| Q4 24 | $411.3M | $73.7M | ||
| Q3 24 | $396.9M | $101.0M | ||
| Q2 24 | $360.1M | $59.2M | ||
| Q1 24 | $325.9M | $56.8M |
总债务APLSATNI
| Q4 25 | — | $565.2M | ||
| Q3 25 | — | $579.6M | ||
| Q2 25 | — | $583.4M | ||
| Q1 25 | — | $562.4M | ||
| Q4 24 | — | $557.4M | ||
| Q3 24 | — | $568.9M | ||
| Q2 24 | — | $540.8M | ||
| Q1 24 | $93.1M | $541.3M |
股东权益APLSATNI
| Q4 25 | $370.1M | $444.3M | ||
| Q3 25 | $401.2M | $452.3M | ||
| Q2 25 | $156.3M | $458.7M | ||
| Q1 25 | $164.2M | $473.3M | ||
| Q4 24 | $228.5M | $489.5M | ||
| Q3 24 | $237.1M | $490.8M | ||
| Q2 24 | $264.3M | $526.8M | ||
| Q1 24 | $266.7M | $530.0M |
总资产APLSATNI
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $821.4M | $1.7B | ||
| Q1 25 | $807.3M | $1.7B | ||
| Q4 24 | $885.1M | $1.7B | ||
| Q3 24 | $901.9M | $1.8B | ||
| Q2 24 | $904.5M | $1.8B | ||
| Q1 24 | $831.9M | $1.8B |
负债/权益比APLSATNI
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | 0.35× | 1.02× |
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 | $-14.2M | $36.2M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $7.1M |
| 自由现金流率自由现金流/营收 | -7.1% | 4.2% |
| 资本支出强度资本支出/营收 | 0.1% | 17.2% |
| 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 | $45.0M | $43.9M |
8季度趋势，按日历期对齐
经营现金流APLSATNI
| Q4 25 | $-14.2M | $36.2M | ||
| Q3 25 | $108.5M | $37.8M | ||
| Q2 25 | $4.4M | $23.9M | ||
| Q1 25 | $-53.4M | $35.9M | ||
| Q4 24 | $19.4M | $30.5M | ||
| Q3 24 | $34.1M | $39.0M | ||
| Q2 24 | $-8.3M | $35.2M | ||
| Q1 24 | $-133.0M | $23.2M |
自由现金流APLSATNI
| Q4 25 | $-14.3M | $7.1M | ||
| Q3 25 | $108.3M | $18.9M | ||
| Q2 25 | $4.4M | $2.8M | ||
| Q1 25 | $-53.4M | $15.1M | ||
| Q4 24 | $19.3M | $5.8M | ||
| Q3 24 | — | $15.2M | ||
| Q2 24 | $-8.4M | $9.4M | ||
| Q1 24 | $-133.3M | $-12.8M |
自由现金流率APLSATNI
| Q4 25 | -7.1% | 4.2% | ||
| Q3 25 | 23.6% | 11.3% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | -32.0% | 9.2% | ||
| Q4 24 | 9.1% | 3.5% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | -4.2% | 5.6% | ||
| Q1 24 | -77.3% | -7.4% |
资本支出强度APLSATNI
| Q4 25 | 0.1% | 17.2% | ||
| Q3 25 | 0.0% | 11.3% | ||
| Q2 25 | 0.0% | 12.7% | ||
| Q1 25 | 0.0% | 12.7% | ||
| Q4 24 | 0.0% | 14.8% | ||
| Q3 24 | 0.0% | 14.5% | ||
| Q2 24 | 0.0% | 15.2% | ||
| Q1 24 | 0.2% | 20.8% |
现金转化率APLSATNI
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 9.62× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 7.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.11× | ||
| 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
APLS
| Syfovre | $155.2M | 78% |
| Empaveli Pegcetacoplan | $35.1M | 18% |
| Licensing And Other Revenue | $9.6M | 5% |
ATNI
| Us Telecommunications | $86.9M | 51% |
| Fixed Consumer | $42.8M | 25% |
| Fixed Business | $18.5M | 11% |
| Transferred At Point In Time | $7.2M | 4% |
| Mobility Business | $5.3M | 3% |
| Other Revenue | $4.2M | 2% |
| Other Communication Services | $3.2M | 2% |
| Managed Services | $1.2M | 1% |
| Construction Services | $448.0K | 0% |
