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Apellis Pharmaceuticals, Inc.（APLS）与DMC Global Inc.（BOOM）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DMC Global Inc.的1.4倍（$199.9M vs $143.5M），DMC Global Inc.净利率更高（-7.8% vs -29.5%，领先21.7%），DMC Global Inc.同比增速更快（-5.8% vs -5.9%），DMC Global Inc.自由现金流更多（$9.6M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -7.3%）
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。
DMC Global Inc.旗下DMC采矿服务是成立于1980年的采矿服务承包商，业务覆盖加拿大、美国、智利以及蒙古，为矿区开发与运营提供专业相关工程服务，是全球范围内颇具规模的专业采矿服务商。
APLS vs BOOM — 直观对比
营收规模更大
APLS
是对方的1.4倍
$143.5M
营收增速更快
BOOM
高出0.1%
-5.9%
净利率更高
BOOM
高出21.7%
-29.5%
自由现金流更多
BOOM
多$23.9M
$-14.3M
两年增速更快
APLS
近两年复合增速
-7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $143.5M |
| 净利润 | $-59.0M | $-11.2M |
| 毛利率 | — | 17.1% |
| 营业利润率 | -25.6% | -7.8% |
| 净利率 | -29.5% | -7.8% |
| 营收同比 | -5.9% | -5.8% |
| 净利润同比 | -62.2% | -3871.6% |
| 每股收益（稀释后） | $-0.40 | $-0.60 |
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APLSBOOM
| Q4 25 | $199.9M | $143.5M | ||
| Q3 25 | $458.6M | $151.5M | ||
| Q2 25 | $178.5M | $155.5M | ||
| Q1 25 | $166.8M | $159.3M | ||
| Q4 24 | $212.5M | $152.4M | ||
| Q3 24 | $196.8M | $152.4M | ||
| Q2 24 | $199.7M | $171.2M | ||
| Q1 24 | $172.3M | $166.9M |
净利润APLSBOOM
| Q4 25 | $-59.0M | $-11.2M | ||
| Q3 25 | $215.7M | $-3.1M | ||
| Q2 25 | $-42.2M | $116.0K | ||
| Q1 25 | $-92.2M | $677.0K | ||
| Q4 24 | $-36.4M | $296.0K | ||
| Q3 24 | $-57.4M | $-101.3M | ||
| Q2 24 | $-37.7M | $4.0M | ||
| Q1 24 | $-66.4M | $2.6M |
毛利率APLSBOOM
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 25.4% |
营业利润率APLSBOOM
| Q4 25 | -25.6% | -7.8% | ||
| Q3 25 | 48.7% | 0.4% | ||
| Q2 25 | -18.6% | 2.5% | ||
| Q1 25 | -50.0% | 4.1% | ||
| Q4 24 | -12.3% | -0.5% | ||
| Q3 24 | -24.0% | -97.7% | ||
| Q2 24 | -14.7% | 6.8% | ||
| Q1 24 | -36.0% | 4.0% |
净利率APLSBOOM
| Q4 25 | -29.5% | -7.8% | ||
| Q3 25 | 47.0% | -2.0% | ||
| Q2 25 | -23.6% | 0.1% | ||
| Q1 25 | -55.3% | 0.4% | ||
| Q4 24 | -17.1% | 0.2% | ||
| Q3 24 | -29.2% | -66.5% | ||
| Q2 24 | -18.9% | 2.3% | ||
| Q1 24 | -38.5% | 1.5% |
每股收益（稀释后）APLSBOOM
| Q4 25 | $-0.40 | $-0.60 | ||
| Q3 25 | $1.67 | $-0.10 | ||
| Q2 25 | $-0.33 | $-0.24 | ||
| Q1 25 | $-0.74 | $0.04 | ||
| Q4 24 | $-0.30 | $-0.18 | ||
| Q3 24 | $-0.46 | $-8.27 | ||
| Q2 24 | $-0.30 | $0.24 | ||
| Q1 24 | $-0.54 | $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 | $466.2M | $31.9M |
| 总债务越低越好 | — | $50.6M |
| 股东权益账面价值 | $370.1M | $242.1M |
| 总资产 | $1.1B | $635.8M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资APLSBOOM
| Q4 25 | $466.2M | $31.9M | ||
| Q3 25 | $479.2M | $26.4M | ||
| Q2 25 | $370.0M | $12.4M | ||
| Q1 25 | $358.4M | $14.7M | ||
| Q4 24 | $411.3M | $14.3M | ||
| Q3 24 | $396.9M | $14.5M | ||
| Q2 24 | $360.1M | $14.6M | ||
| Q1 24 | $325.9M | $20.4M |
总债务APLSBOOM
| Q4 25 | — | $50.6M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $58.7M | ||
| Q1 25 | — | $72.4M | ||
| Q4 24 | — | $70.8M | ||
| Q3 24 | — | $74.2M | ||
| Q2 24 | — | $84.1M | ||
| Q1 24 | $93.1M | $88.0M |
股东权益APLSBOOM
| Q4 25 | $370.1M | $242.1M | ||
| Q3 25 | $401.2M | $253.0M | ||
| Q2 25 | $156.3M | $253.9M | ||
| Q1 25 | $164.2M | $253.9M | ||
| Q4 24 | $228.5M | $251.0M | ||
| Q3 24 | $237.1M | $256.5M | ||
| Q2 24 | $264.3M | $416.0M | ||
| Q1 24 | $266.7M | $409.9M |
总资产APLSBOOM
| Q4 25 | $1.1B | $635.8M | ||
| Q3 25 | $1.1B | $644.1M | ||
| Q2 25 | $821.4M | $645.0M | ||
| Q1 25 | $807.3M | $670.6M | ||
| Q4 24 | $885.1M | $671.3M | ||
| Q3 24 | $901.9M | $702.0M | ||
| Q2 24 | $904.5M | $869.5M | ||
| Q1 24 | $831.9M | $860.0M |
负债/权益比APLSBOOM
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | 0.35× | 0.21× |
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 | $15.2M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $9.6M |
| 自由现金流率自由现金流/营收 | -7.1% | 6.7% |
| 资本支出强度资本支出/营收 | 0.1% | 3.9% |
| 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 | $45.0M | $37.0M |
8季度趋势，按日历期对齐
经营现金流APLSBOOM
| Q4 25 | $-14.2M | $15.2M | ||
| Q3 25 | $108.5M | $18.6M | ||
| Q2 25 | $4.4M | $15.2M | ||
| Q1 25 | $-53.4M | $4.5M | ||
| Q4 24 | $19.4M | $11.8M | ||
| Q3 24 | $34.1M | $19.0M | ||
| Q2 24 | $-8.3M | $2.3M | ||
| Q1 24 | $-133.0M | $13.4M |
自由现金流APLSBOOM
| Q4 25 | $-14.3M | $9.6M | ||
| Q3 25 | $108.3M | $14.4M | ||
| Q2 25 | $4.4M | $12.3M | ||
| Q1 25 | $-53.4M | $709.0K | ||
| Q4 24 | $19.3M | $6.1M | ||
| Q3 24 | — | $12.9M | ||
| Q2 24 | $-8.4M | $-204.0K | ||
| Q1 24 | $-133.3M | $10.5M |
自由现金流率APLSBOOM
| Q4 25 | -7.1% | 6.7% | ||
| Q3 25 | 23.6% | 9.5% | ||
| Q2 25 | 2.5% | 7.9% | ||
| Q1 25 | -32.0% | 0.4% | ||
| Q4 24 | 9.1% | 4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | -4.2% | -0.1% | ||
| Q1 24 | -77.3% | 6.3% |
资本支出强度APLSBOOM
| Q4 25 | 0.1% | 3.9% | ||
| Q3 25 | 0.0% | 2.8% | ||
| Q2 25 | 0.0% | 1.9% | ||
| Q1 25 | 0.0% | 2.4% | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 0.0% | 4.0% | ||
| Q2 24 | 0.0% | 1.5% | ||
| Q1 24 | 0.2% | 1.8% |
现金转化率APLSBOOM
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | 131.43× | ||
| Q1 25 | — | 6.63× | ||
| Q4 24 | — | 39.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 5.24× |
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% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
