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Apellis Pharmaceuticals, Inc.（APLS）与FORUM ENERGY TECHNOLOGIES, INC.（FET）财务数据对比。点击上方公司名可切换其他公司
FORUM ENERGY TECHNOLOGIES, INC.的季度营收约是Apellis Pharmaceuticals, Inc.的1.0倍（$208.7M vs $199.9M），FORUM ENERGY TECHNOLOGIES, INC.净利率更高（2.2% vs -29.5%，领先31.6%），FORUM ENERGY TECHNOLOGIES, INC.同比增速更快（3.2% vs -5.9%），FORUM ENERGY TECHNOLOGIES, INC.自由现金流更多（$1.4M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs 0.8%）
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。
Forum Energy Technologies是一家美国能源领域产品企业，面向全球油气及可再生能源行业，提供相关产品与配套服务，在能源产业链中为上下游客户供应专业配套解决方案。
APLS vs FET — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $208.7M |
| 净利润 | $-59.0M | $4.5M |
| 毛利率 | — | 29.2% |
| 营业利润率 | -25.6% | 5.3% |
| 净利率 | -29.5% | 2.2% |
| 营收同比 | -5.9% | 3.2% |
| 净利润同比 | -62.2% | 300.4% |
| 每股收益（稀释后） | $-0.40 | $0.39 |
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
| Q1 26 | — | $208.7M | ||
| Q4 25 | $199.9M | $202.2M | ||
| Q3 25 | $458.6M | $196.2M | ||
| Q2 25 | $178.5M | $199.8M | ||
| Q1 25 | $166.8M | $193.3M | ||
| Q4 24 | $212.5M | $201.0M | ||
| Q3 24 | $196.8M | $207.8M | ||
| Q2 24 | $199.7M | $205.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-59.0M | $2.1M | ||
| Q3 25 | $215.7M | $-20.6M | ||
| Q2 25 | $-42.2M | $7.7M | ||
| Q1 25 | $-92.2M | $1.1M | ||
| Q4 24 | $-36.4M | $-103.5M | ||
| Q3 24 | $-57.4M | $-14.8M | ||
| Q2 24 | $-37.7M | $-6.7M |
| Q1 26 | — | 29.2% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 30.2% | ||
| Q4 24 | — | 31.1% | ||
| Q3 24 | — | 31.6% | ||
| Q2 24 | — | 30.7% |
| Q1 26 | — | 5.3% | ||
| Q4 25 | -25.6% | 6.3% | ||
| Q3 25 | 48.7% | -3.1% | ||
| Q2 25 | -18.6% | 7.4% | ||
| Q1 25 | -50.0% | 4.6% | ||
| Q4 24 | -12.3% | -53.1% | ||
| Q3 24 | -24.0% | 4.3% | ||
| Q2 24 | -14.7% | 3.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -29.5% | 1.0% | ||
| Q3 25 | 47.0% | -10.5% | ||
| Q2 25 | -23.6% | 3.9% | ||
| Q1 25 | -55.3% | 0.6% | ||
| Q4 24 | -17.1% | -51.5% | ||
| Q3 24 | -29.2% | -7.1% | ||
| Q2 24 | -18.9% | -3.3% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.40 | $0.25 | ||
| Q3 25 | $1.67 | $-1.76 | ||
| Q2 25 | $-0.33 | $0.61 | ||
| Q1 25 | $-0.74 | $0.09 | ||
| Q4 24 | $-0.30 | $-8.41 | ||
| Q3 24 | $-0.46 | $-1.20 | ||
| Q2 24 | $-0.30 | $-0.54 |
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 | $37.5M |
| 总债务越低越好 | — | $153.7M |
| 股东权益账面价值 | $370.1M | $280.7M |
| 总资产 | $1.1B | $763.1M |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
| Q1 26 | — | $37.5M | ||
| Q4 25 | $466.2M | $34.7M | ||
| Q3 25 | $479.2M | $31.7M | ||
| Q2 25 | $370.0M | $39.0M | ||
| Q1 25 | $358.4M | $31.1M | ||
| Q4 24 | $411.3M | $44.7M | ||
| Q3 24 | $396.9M | $33.3M | ||
| Q2 24 | $360.1M | $31.8M |
| Q1 26 | — | $153.7M | ||
| Q4 25 | — | $135.9M | ||
| Q3 25 | — | $140.0M | ||
| Q2 25 | — | $159.3M | ||
| Q1 25 | — | $171.4M | ||
| Q4 24 | — | $188.4M | ||
| Q3 24 | — | $231.5M | ||
| Q2 24 | — | $252.9M |
| Q1 26 | — | $280.7M | ||
| Q4 25 | $370.1M | $291.1M | ||
| Q3 25 | $401.2M | $297.3M | ||
| Q2 25 | $156.3M | $334.2M | ||
| Q1 25 | $164.2M | $320.0M | ||
| Q4 24 | $228.5M | $319.9M | ||
| Q3 24 | $237.1M | $443.5M | ||
| Q2 24 | $264.3M | $442.0M |
| Q1 26 | — | $763.1M | ||
| Q4 25 | $1.1B | $752.5M | ||
| Q3 25 | $1.1B | $770.1M | ||
| Q2 25 | $821.4M | $810.1M | ||
| Q1 25 | $807.3M | $790.1M | ||
| Q4 24 | $885.1M | $816.0M | ||
| Q3 24 | $901.9M | $973.7M | ||
| Q2 24 | $904.5M | $976.8M |
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.57× |
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 | $1.6M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $1.4M |
| 自由现金流率自由现金流/营收 | -7.1% | 0.7% |
| 资本支出强度资本支出/营收 | 0.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 0.36× |
| 过去12个月自由现金流最近4个季度 | $45.0M | $58.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $1.6M | ||
| Q4 25 | $-14.2M | $22.4M | ||
| Q3 25 | $108.5M | $22.9M | ||
| Q2 25 | $4.4M | $15.8M | ||
| Q1 25 | $-53.4M | $9.3M | ||
| Q4 24 | $19.4M | $38.5M | ||
| Q3 24 | $34.1M | $25.6M | ||
| Q2 24 | $-8.3M | $23.1M |
| Q1 26 | — | $1.4M | ||
| Q4 25 | $-14.3M | $20.9M | ||
| Q3 25 | $108.3M | $21.5M | ||
| Q2 25 | $4.4M | $14.8M | ||
| Q1 25 | $-53.4M | $7.2M | ||
| Q4 24 | $19.3M | $36.1M | ||
| Q3 24 | — | $24.3M | ||
| Q2 24 | $-8.4M | $21.6M |
| Q1 26 | — | 0.7% | ||
| Q4 25 | -7.1% | 10.3% | ||
| Q3 25 | 23.6% | 10.9% | ||
| Q2 25 | 2.5% | 7.4% | ||
| Q1 25 | -32.0% | 3.7% | ||
| Q4 24 | 9.1% | 18.0% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | -4.2% | 10.5% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.0% | 1.1% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.7% |
| Q1 26 | — | 0.36× | ||
| Q4 25 | — | 10.83× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 8.31× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
FET
| Drilling and Completions | $126.7M | 61% |
| Downhole | $50.6M | 24% |
| Production Equipment | $18.8M | 9% |
| Valve Solutions | $12.8M | 6% |
