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Apellis Pharmaceuticals, Inc.（APLS）与Traeger, Inc.（COOK）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Traeger, Inc.的1.4倍（$199.9M vs $145.4M），Traeger, Inc.净利率更高（-11.8% vs -29.5%，领先17.7%），Apellis Pharmaceuticals, Inc.同比增速更快（-5.9% vs -13.8%），Traeger, Inc.自由现金流更多（$14.2M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs 0.2%）
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。
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
APLS vs COOK — 直观对比
营收规模更大
APLS
是对方的1.4倍
$145.4M
营收增速更快
APLS
高出7.9%
-13.8%
净利率更高
COOK
高出17.7%
-29.5%
自由现金流更多
COOK
多$28.5M
$-14.3M
两年增速更快
APLS
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $145.4M |
| 净利润 | $-59.0M | $-17.2M |
| 毛利率 | — | 37.4% |
| 营业利润率 | -25.6% | -8.0% |
| 净利率 | -29.5% | -11.8% |
| 营收同比 | -5.9% | -13.8% |
| 净利润同比 | -62.2% | -147.2% |
| 每股收益（稀释后） | $-0.40 | $-0.13 |
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APLSCOOK
| Q4 25 | $199.9M | $145.4M | ||
| Q3 25 | $458.6M | $125.4M | ||
| Q2 25 | $178.5M | $145.5M | ||
| Q1 25 | $166.8M | $143.3M | ||
| Q4 24 | $212.5M | $168.6M | ||
| Q3 24 | $196.8M | $122.0M | ||
| Q2 24 | $199.7M | $168.5M | ||
| Q1 24 | $172.3M | $144.9M |
净利润APLSCOOK
| Q4 25 | $-59.0M | $-17.2M | ||
| Q3 25 | $215.7M | $-89.8M | ||
| Q2 25 | $-42.2M | $-7.4M | ||
| Q1 25 | $-92.2M | $-778.0K | ||
| Q4 24 | $-36.4M | $-7.0M | ||
| Q3 24 | $-57.4M | $-19.8M | ||
| Q2 24 | $-37.7M | $-2.6M | ||
| Q1 24 | $-66.4M | $-4.7M |
毛利率APLSCOOK
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 42.3% | ||
| Q2 24 | — | 42.9% | ||
| Q1 24 | — | 43.2% |
营业利润率APLSCOOK
| Q4 25 | -25.6% | -8.0% | ||
| Q3 25 | 48.7% | -66.5% | ||
| Q2 25 | -18.6% | -4.2% | ||
| Q1 25 | -50.0% | 2.4% | ||
| Q4 24 | -12.3% | -0.1% | ||
| Q3 24 | -24.0% | -6.1% | ||
| Q2 24 | -14.7% | 2.8% | ||
| Q1 24 | -36.0% | -0.1% |
净利率APLSCOOK
| Q4 25 | -29.5% | -11.8% | ||
| Q3 25 | 47.0% | -71.6% | ||
| Q2 25 | -23.6% | -5.1% | ||
| Q1 25 | -55.3% | -0.5% | ||
| Q4 24 | -17.1% | -4.1% | ||
| Q3 24 | -29.2% | -16.2% | ||
| Q2 24 | -18.9% | -1.5% | ||
| Q1 24 | -38.5% | -3.2% |
每股收益（稀释后）APLSCOOK
| Q4 25 | $-0.40 | $-0.13 | ||
| Q3 25 | $1.67 | $-0.67 | ||
| Q2 25 | $-0.33 | $-0.06 | ||
| Q1 25 | $-0.74 | $-0.01 | ||
| Q4 24 | $-0.30 | $-0.06 | ||
| Q3 24 | $-0.46 | $-0.15 | ||
| Q2 24 | $-0.30 | $-0.02 | ||
| Q1 24 | $-0.54 | $-0.04 |
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 | $19.6M |
| 总债务越低越好 | — | $403.3M |
| 股东权益账面价值 | $370.1M | $170.8M |
| 总资产 | $1.1B | $676.0M |
| 负债/权益比越低杠杆越低 | — | 2.36× |
8季度趋势，按日历期对齐
现金及短期投资APLSCOOK
| Q4 25 | $466.2M | $19.6M | ||
| Q3 25 | $479.2M | $5.9M | ||
| Q2 25 | $370.0M | $10.3M | ||
| Q1 25 | $358.4M | $12.0M | ||
| Q4 24 | $411.3M | $15.0M | ||
| Q3 24 | $396.9M | $16.9M | ||
| Q2 24 | $360.1M | $18.0M | ||
| Q1 24 | $325.9M | $23.6M |
总债务APLSCOOK
| Q4 25 | — | $403.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $403.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSCOOK
| Q4 25 | $370.1M | $170.8M | ||
| Q3 25 | $401.2M | $186.1M | ||
| Q2 25 | $156.3M | $274.2M | ||
| Q1 25 | $164.2M | $279.6M | ||
| Q4 24 | $228.5M | $276.4M | ||
| Q3 24 | $237.1M | $279.8M | ||
| Q2 24 | $264.3M | $297.3M | ||
| Q1 24 | $266.7M | $294.6M |
总资产APLSCOOK
| Q4 25 | $1.1B | $676.0M | ||
| Q3 25 | $1.1B | $689.6M | ||
| Q2 25 | $821.4M | $780.6M | ||
| Q1 25 | $807.3M | $825.6M | ||
| Q4 24 | $885.1M | $830.7M | ||
| Q3 24 | $901.9M | $818.1M | ||
| Q2 24 | $904.5M | $842.4M | ||
| Q1 24 | $831.9M | $862.1M |
负债/权益比APLSCOOK
| Q4 25 | — | 2.36× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.46× | ||
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $14.2M |
| 自由现金流率自由现金流/营收 | -7.1% | 9.8% |
| 资本支出强度资本支出/营收 | 0.1% | 0.9% |
| 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 | $13.6M |
8季度趋势，按日历期对齐
经营现金流APLSCOOK
| Q4 25 | $-14.2M | $15.5M | ||
| Q3 25 | $108.5M | $7.6M | ||
| Q2 25 | $4.4M | $18.3M | ||
| Q1 25 | $-53.4M | $-20.8M | ||
| Q4 24 | $19.4M | $7.5M | ||
| Q3 24 | $34.1M | $15.1M | ||
| Q2 24 | $-8.3M | $13.9M | ||
| Q1 24 | $-133.0M | $-12.6M |
自由现金流APLSCOOK
| Q4 25 | $-14.3M | $14.2M | ||
| Q3 25 | $108.3M | $6.4M | ||
| Q2 25 | $4.4M | $15.7M | ||
| Q1 25 | $-53.4M | $-22.7M | ||
| Q4 24 | $19.3M | $5.5M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | $-8.4M | $11.8M | ||
| Q1 24 | $-133.3M | $-18.3M |
自由现金流率APLSCOOK
| Q4 25 | -7.1% | 9.8% | ||
| Q3 25 | 23.6% | 5.1% | ||
| Q2 25 | 2.5% | 10.8% | ||
| Q1 25 | -32.0% | -15.8% | ||
| Q4 24 | 9.1% | 3.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | -4.2% | 7.0% | ||
| Q1 24 | -77.3% | -12.6% |
资本支出强度APLSCOOK
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 0.0% | 1.3% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.0% | 1.9% | ||
| Q2 24 | 0.0% | 1.2% | ||
| Q1 24 | 0.2% | 3.9% |
现金转化率APLSCOOK
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
APLS
| Syfovre | $155.2M | 78% |
| Empaveli Pegcetacoplan | $35.1M | 18% |
| Licensing And Other Revenue | $9.6M | 5% |
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
