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Apellis Pharmaceuticals, Inc.（APLS）与FOX FACTORY HOLDING CORP（FOXF）财务数据对比。点击上方公司名可切换其他公司
FOX FACTORY HOLDING CORP的季度营收约是Apellis Pharmaceuticals, Inc.的1.9倍（$376.4M vs $199.9M），FOX FACTORY HOLDING CORP净利率更高（-0.2% vs -29.5%，领先29.3%），FOX FACTORY HOLDING CORP同比增速更快（4.8% vs -5.9%），FOX FACTORY HOLDING CORP自由现金流更多（$-2.5M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs 6.4%）
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。
福克斯工厂控股公司是一家美国企业，旗下最知名的产品为Fox Racing Shox品牌的越野赛车减震悬挂部件，该品牌在越野改装和赛车领域拥有较高知名度，深受越野运动爱好者与专业赛车队伍的认可。
APLS vs FOXF — 直观对比
营收规模更大
FOXF
是对方的1.9倍
$199.9M
营收增速更快
FOXF
高出10.7%
-5.9%
净利率更高
FOXF
高出29.3%
-29.5%
自由现金流更多
FOXF
多$11.8M
$-14.3M
两年增速更快
APLS
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $376.4M |
| 净利润 | $-59.0M | $-634.0K |
| 毛利率 | — | 30.4% |
| 营业利润率 | -25.6% | 4.0% |
| 净利率 | -29.5% | -0.2% |
| 营收同比 | -5.9% | 4.8% |
| 净利润同比 | -62.2% | -113.3% |
| 每股收益（稀释后） | $-0.40 | $-0.02 |
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APLSFOXF
| Q4 25 | $199.9M | $376.4M | ||
| Q3 25 | $458.6M | $374.9M | ||
| Q2 25 | $178.5M | $355.0M | ||
| Q1 25 | $166.8M | $352.8M | ||
| Q4 24 | $212.5M | — | ||
| Q3 24 | $196.8M | $359.1M | ||
| Q2 24 | $199.7M | $348.5M | ||
| Q1 24 | $172.3M | $333.5M |
净利润APLSFOXF
| Q4 25 | $-59.0M | $-634.0K | ||
| Q3 25 | $215.7M | $2.7M | ||
| Q2 25 | $-42.2M | $-259.7M | ||
| Q1 25 | $-92.2M | $-141.0K | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-57.4M | $4.8M | ||
| Q2 24 | $-37.7M | $5.4M | ||
| Q1 24 | $-66.4M | $-3.5M |
毛利率APLSFOXF
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 30.9% |
营业利润率APLSFOXF
| Q4 25 | -25.6% | 4.0% | ||
| Q3 25 | 48.7% | 4.9% | ||
| Q2 25 | -18.6% | -70.6% | ||
| Q1 25 | -50.0% | 3.2% | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -24.0% | 5.2% | ||
| Q2 24 | -14.7% | 5.3% | ||
| Q1 24 | -36.0% | 2.7% |
净利率APLSFOXF
| Q4 25 | -29.5% | -0.2% | ||
| Q3 25 | 47.0% | 0.7% | ||
| Q2 25 | -23.6% | -73.1% | ||
| Q1 25 | -55.3% | -0.0% | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -29.2% | 1.3% | ||
| Q2 24 | -18.9% | 1.6% | ||
| Q1 24 | -38.5% | -1.0% |
每股收益（稀释后）APLSFOXF
| Q4 25 | $-0.40 | $-0.02 | ||
| Q3 25 | $1.67 | $0.07 | ||
| Q2 25 | $-0.33 | $-6.23 | ||
| Q1 25 | $-0.74 | $0.00 | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.46 | $0.11 | ||
| Q2 24 | $-0.30 | $0.13 | ||
| Q1 24 | $-0.54 | $-0.08 |
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 | — |
| 总债务越低越好 | — | $536.7M |
| 股东权益账面价值 | $370.1M | $956.0M |
| 总资产 | $1.1B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资APLSFOXF
| Q4 25 | $466.2M | — | ||
| Q3 25 | $479.2M | — | ||
| Q2 25 | $370.0M | — | ||
| Q1 25 | $358.4M | $71.7M | ||
| Q4 24 | $411.3M | — | ||
| Q3 24 | $396.9M | — | ||
| Q2 24 | $360.1M | — | ||
| Q1 24 | $325.9M | — |
总债务APLSFOXF
| Q4 25 | — | $536.7M | ||
| Q3 25 | — | $541.8M | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | — | $552.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $558.4M | ||
| Q2 24 | — | $564.1M | ||
| Q1 24 | $93.1M | $370.4M |
股东权益APLSFOXF
| Q4 25 | $370.1M | $956.0M | ||
| Q3 25 | $401.2M | $958.7M | ||
| Q2 25 | $156.3M | $939.9M | ||
| Q1 25 | $164.2M | $1.2B | ||
| Q4 24 | $228.5M | — | ||
| Q3 24 | $237.1M | $1.2B | ||
| Q2 24 | $264.3M | $1.2B | ||
| Q1 24 | $266.7M | $1.2B |
总资产APLSFOXF
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $821.4M | $1.9B | ||
| Q1 25 | $807.3M | $2.2B | ||
| Q4 24 | $885.1M | — | ||
| Q3 24 | $901.9M | $2.3B | ||
| Q2 24 | $904.5M | $2.3B | ||
| Q1 24 | $831.9M | $2.2B |
负债/权益比APLSFOXF
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.35× | 0.31× |
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 | $5.3M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $-2.5M |
| 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% | 2.1% |
| 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 | $85.4M |
8季度趋势，按日历期对齐
经营现金流APLSFOXF
| Q4 25 | $-14.2M | $5.3M | ||
| Q3 25 | $108.5M | $36.8M | ||
| Q2 25 | $4.4M | $680.0K | ||
| Q1 25 | $-53.4M | $81.7M | ||
| Q4 24 | $19.4M | — | ||
| Q3 24 | $34.1M | $14.1M | ||
| Q2 24 | $-8.3M | $26.7M | ||
| Q1 24 | $-133.0M | $9.4M |
自由现金流APLSFOXF
| Q4 25 | $-14.3M | $-2.5M | ||
| Q3 25 | $108.3M | $24.6M | ||
| Q2 25 | $4.4M | $-6.5M | ||
| Q1 25 | $-53.4M | $69.8M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | $-8.4M | $15.4M | ||
| Q1 24 | $-133.3M | $-555.0K |
自由现金流率APLSFOXF
| Q4 25 | -7.1% | -0.7% | ||
| Q3 25 | 23.6% | 6.6% | ||
| Q2 25 | 2.5% | -1.8% | ||
| Q1 25 | -32.0% | 19.8% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | -4.2% | 4.4% | ||
| Q1 24 | -77.3% | -0.2% |
资本支出强度APLSFOXF
| Q4 25 | 0.1% | 2.1% | ||
| Q3 25 | 0.0% | 3.3% | ||
| Q2 25 | 0.0% | 2.0% | ||
| Q1 25 | 0.0% | 3.4% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | 3.0% | ||
| Q2 24 | 0.0% | 3.2% | ||
| Q1 24 | 0.2% | 3.0% |
现金转化率APLSFOXF
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 13.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 4.94× | ||
| 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% |
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
