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Apellis Pharmaceuticals, Inc.（APLS）与INDEPENDENCE REALTY TRUST, INC.（IRT）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INDEPENDENCE REALTY TRUST, INC.的1.2倍（$199.9M vs $165.3M），INDEPENDENCE REALTY TRUST, INC.同比增速更快（2.5% vs -5.9%），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs 2.2%）
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。
独立房地产信托是一家专注于商业地产领域的不动产投资信托企业，投资布局覆盖费城、华盛顿特区以及得克萨斯州奥斯汀市的优质写字楼资产，为投资者创造稳定的不动产投资回报。
APLS vs IRT — 直观对比
营收规模更大
APLS
是对方的1.2倍
$165.3M
营收增速更快
IRT
高出8.5%
-5.9%
两年增速更快
APLS
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $165.3M |
| 净利润 | $-59.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | — |
| 净利率 | -29.5% | — |
| 营收同比 | -5.9% | 2.5% |
| 净利润同比 | -62.2% | — |
| 每股收益（稀释后） | $-0.40 | $0.00 |
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APLSIRT
| Q1 26 | — | $165.3M | ||
| Q4 25 | $199.9M | $167.1M | ||
| Q3 25 | $458.6M | $167.1M | ||
| Q2 25 | $178.5M | $162.2M | ||
| Q1 25 | $166.8M | $161.2M | ||
| Q4 24 | $212.5M | $161.0M | ||
| Q3 24 | $196.8M | $160.1M | ||
| Q2 24 | $199.7M | $158.4M |
净利润APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | $-59.0M | $33.3M | ||
| Q3 25 | $215.7M | $6.9M | ||
| Q2 25 | $-42.2M | $8.0M | ||
| Q1 25 | $-92.2M | $8.4M | ||
| Q4 24 | $-36.4M | $-1.0M | ||
| Q3 24 | $-57.4M | $12.4M | ||
| Q2 24 | $-37.7M | $10.4M |
营业利润率APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | -25.6% | — | ||
| Q3 25 | 48.7% | — | ||
| Q2 25 | -18.6% | — | ||
| Q1 25 | -50.0% | — | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -24.0% | — | ||
| Q2 24 | -14.7% | — |
净利率APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | -29.5% | 19.9% | ||
| Q3 25 | 47.0% | 4.1% | ||
| Q2 25 | -23.6% | 5.0% | ||
| Q1 25 | -55.3% | 5.2% | ||
| Q4 24 | -17.1% | -0.6% | ||
| Q3 24 | -29.2% | 7.7% | ||
| Q2 24 | -18.9% | 6.5% |
每股收益（稀释后）APLSIRT
| Q1 26 | — | $0.00 | ||
| Q4 25 | $-0.40 | $0.14 | ||
| Q3 25 | $1.67 | $0.03 | ||
| Q2 25 | $-0.33 | $0.03 | ||
| Q1 25 | $-0.74 | $0.04 | ||
| Q4 24 | $-0.30 | $-0.01 | ||
| Q3 24 | $-0.46 | $0.05 | ||
| Q2 24 | $-0.30 | $0.05 |
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 | $23.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $370.1M | $3.4B |
| 总资产 | $1.1B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APLSIRT
| Q1 26 | — | $23.3M | ||
| Q4 25 | $466.2M | $23.6M | ||
| Q3 25 | $479.2M | $23.3M | ||
| Q2 25 | $370.0M | $19.5M | ||
| Q1 25 | $358.4M | $29.1M | ||
| Q4 24 | $411.3M | $21.2M | ||
| Q3 24 | $396.9M | $17.6M | ||
| Q2 24 | $360.1M | $21.0M |
总债务APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益APLSIRT
| Q1 26 | — | $3.4B | ||
| Q4 25 | $370.1M | $3.5B | ||
| Q3 25 | $401.2M | $3.5B | ||
| Q2 25 | $156.3M | $3.4B | ||
| Q1 25 | $164.2M | $3.5B | ||
| Q4 24 | $228.5M | $3.4B | ||
| Q3 24 | $237.1M | $3.4B | ||
| Q2 24 | $264.3M | $3.4B |
总资产APLSIRT
| Q1 26 | — | $6.1B | ||
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $821.4M | $6.0B | ||
| Q1 25 | $807.3M | $6.0B | ||
| Q4 24 | $885.1M | $6.1B | ||
| Q3 24 | $901.9M | $5.9B | ||
| Q2 24 | $904.5M | $5.9B |
负债/权益比APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | $-14.2M | $282.1M | ||
| Q3 25 | $108.5M | $79.3M | ||
| Q2 25 | $4.4M | $82.2M | ||
| Q1 25 | $-53.4M | $60.4M | ||
| Q4 24 | $19.4M | $259.8M | ||
| Q3 24 | $34.1M | $69.2M | ||
| Q2 24 | $-8.3M | $83.0M |
自由现金流APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $108.3M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | — |
自由现金流率APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -32.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | — |
资本支出强度APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
现金转化率APLSIRT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.48× | ||
| Q3 25 | 0.50× | 11.51× | ||
| Q2 25 | — | 10.22× | ||
| Q1 25 | — | 7.23× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.60× | ||
| Q2 24 | — | 8.02× |
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% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
