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Apellis Pharmaceuticals, Inc.（APLS）与Cars.com Inc.（CARS）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Cars.com Inc.的1.1倍（$199.9M vs $183.9M），Cars.com Inc.同比增速更快（1.9% vs -5.9%），Cars.com Inc.自由现金流更多（$36.7M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs 1.0%）
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。
Cars.com是1998年6月推出的美国汽车分类信息网站，目前是美国第二大汽车分类站点，该域名曾在2014年以8.72亿美元售出，是有史以来成交价最高的域名之一。公司总部位于伊利诺伊州芝加哥，旗下专业编辑团队还会为用户提供权威的汽车评测、行业资讯及购车研究内容。
APLS vs CARS — 直观对比
营收规模更大
APLS
是对方的1.1倍
$183.9M
营收增速更快
CARS
高出7.9%
-5.9%
自由现金流更多
CARS
多$51.0M
$-14.3M
两年增速更快
APLS
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $183.9M |
| 净利润 | $-59.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | 11.8% |
| 净利率 | -29.5% | — |
| 营收同比 | -5.9% | 1.9% |
| 净利润同比 | -62.2% | — |
| 每股收益（稀释后） | $-0.40 | $0.12 |
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APLSCARS
| Q4 25 | $199.9M | $183.9M | ||
| Q3 25 | $458.6M | $181.6M | ||
| Q2 25 | $178.5M | $178.7M | ||
| Q1 25 | $166.8M | $179.0M | ||
| Q4 24 | $212.5M | $180.4M | ||
| Q3 24 | $196.8M | $179.7M | ||
| Q2 24 | $199.7M | $178.9M | ||
| Q1 24 | $172.3M | $180.2M |
净利润APLSCARS
| Q4 25 | $-59.0M | — | ||
| Q3 25 | $215.7M | $7.7M | ||
| Q2 25 | $-42.2M | $7.0M | ||
| Q1 25 | $-92.2M | $-2.0M | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-57.4M | $18.7M | ||
| Q2 24 | $-37.7M | $11.4M | ||
| Q1 24 | $-66.4M | $784.0K |
营业利润率APLSCARS
| Q4 25 | -25.6% | 11.8% | ||
| Q3 25 | 48.7% | 9.3% | ||
| Q2 25 | -18.6% | 8.5% | ||
| Q1 25 | -50.0% | 3.6% | ||
| Q4 24 | -12.3% | 11.0% | ||
| Q3 24 | -24.0% | 6.4% | ||
| Q2 24 | -14.7% | 5.3% | ||
| Q1 24 | -36.0% | 7.1% |
净利率APLSCARS
| Q4 25 | -29.5% | — | ||
| Q3 25 | 47.0% | 4.2% | ||
| Q2 25 | -23.6% | 3.9% | ||
| Q1 25 | -55.3% | -1.1% | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -29.2% | 10.4% | ||
| Q2 24 | -18.9% | 6.4% | ||
| Q1 24 | -38.5% | 0.4% |
每股收益（稀释后）APLSCARS
| Q4 25 | $-0.40 | $0.12 | ||
| Q3 25 | $1.67 | $0.12 | ||
| Q2 25 | $-0.33 | $0.11 | ||
| Q1 25 | $-0.74 | $-0.03 | ||
| Q4 24 | $-0.30 | $0.26 | ||
| Q3 24 | $-0.46 | $0.28 | ||
| Q2 24 | $-0.30 | $0.17 | ||
| 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 | $56.2M |
| 总债务越低越好 | — | $455.0M |
| 股东权益账面价值 | $370.1M | $472.5M |
| 总资产 | $1.1B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资APLSCARS
| Q4 25 | $466.2M | $56.2M | ||
| Q3 25 | $479.2M | $55.1M | ||
| Q2 25 | $370.0M | $27.7M | ||
| Q1 25 | $358.4M | $31.4M | ||
| Q4 24 | $411.3M | $50.7M | ||
| Q3 24 | $396.9M | $49.6M | ||
| Q2 24 | $360.1M | $29.1M | ||
| Q1 24 | $325.9M | $31.4M |
总债务APLSCARS
| Q4 25 | — | $455.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $460.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSCARS
| Q4 25 | $370.1M | $472.5M | ||
| Q3 25 | $401.2M | $477.6M | ||
| Q2 25 | $156.3M | $483.2M | ||
| Q1 25 | $164.2M | $489.9M | ||
| Q4 24 | $228.5M | $511.5M | ||
| Q3 24 | $237.1M | $502.4M | ||
| Q2 24 | $264.3M | $496.9M | ||
| Q1 24 | $266.7M | $481.4M |
总资产APLSCARS
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $821.4M | $1.1B | ||
| Q1 25 | $807.3M | $1.1B | ||
| Q4 24 | $885.1M | $1.1B | ||
| Q3 24 | $901.9M | $1.1B | ||
| Q2 24 | $904.5M | $1.1B | ||
| Q1 24 | $831.9M | $1.1B |
负债/权益比APLSCARS
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.35× | — |
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 | $37.1M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $36.7M |
| 自由现金流率自由现金流/营收 | -7.1% | 20.0% |
| 资本支出强度资本支出/营收 | 0.1% | 0.2% |
| 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 | $147.4M |
8季度趋势，按日历期对齐
经营现金流APLSCARS
| Q4 25 | $-14.2M | $37.1M | ||
| Q3 25 | $108.5M | $58.8M | ||
| Q2 25 | $4.4M | $26.2M | ||
| Q1 25 | $-53.4M | $29.5M | ||
| Q4 24 | $19.4M | $30.0M | ||
| Q3 24 | $34.1M | $53.8M | ||
| Q2 24 | $-8.3M | $35.3M | ||
| Q1 24 | $-133.0M | $33.5M |
自由现金流APLSCARS
| Q4 25 | $-14.3M | $36.7M | ||
| Q3 25 | $108.3M | $58.3M | ||
| Q2 25 | $4.4M | $23.7M | ||
| Q1 25 | $-53.4M | $28.6M | ||
| Q4 24 | $19.3M | $29.1M | ||
| Q3 24 | — | $52.8M | ||
| Q2 24 | $-8.4M | $34.9M | ||
| Q1 24 | $-133.3M | $32.8M |
自由现金流率APLSCARS
| Q4 25 | -7.1% | 20.0% | ||
| Q3 25 | 23.6% | 32.1% | ||
| Q2 25 | 2.5% | 13.3% | ||
| Q1 25 | -32.0% | 16.0% | ||
| Q4 24 | 9.1% | 16.1% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | -4.2% | 19.5% | ||
| Q1 24 | -77.3% | 18.2% |
资本支出强度APLSCARS
| Q4 25 | 0.1% | 0.2% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 1.4% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.2% | 0.4% |
现金转化率APLSCARS
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 7.68× | ||
| Q2 25 | — | 3.74× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 42.69× |
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% |
CARS
| Dealer | $164.4M | 89% |
| Sales Channel Through Oem And National | $16.2M | 9% |
| Sales Channel Through Other | $3.3M | 2% |
