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Apellis Pharmaceuticals, Inc.（APLS）与null（JACK）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Apellis Pharmaceuticals, Inc.的1.7倍（$349.5M vs $199.9M），null净利率更高（-0.7% vs -29.5%，领先28.8%），Apellis Pharmaceuticals, Inc.同比增速更快（-5.9% vs -25.5%），null自由现金流更多（$7.3M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -18.6%）
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。
杰克盒子是源自美国的连锁快餐品牌，1951年由罗伯特·O·彼得森在加利福尼亚州圣迭戈创立，总部也设于此。品牌目前拥有超过2200家门店，业务主要覆盖美国西海岸，在西海岸以外的多个大都市区域以及关岛也设有门店。2017年12月前该公司曾运营Qdoba墨西哥烧烤连锁品牌，后该品牌被阿波罗全球管理收购。
APLS vs JACK — 直观对比
营收规模更大
JACK
是对方的1.7倍
$199.9M
营收增速更快
APLS
高出19.6%
-25.5%
净利率更高
JACK
高出28.8%
-29.5%
自由现金流更多
JACK
多$21.6M
$-14.3M
两年增速更快
APLS
近两年复合增速
-18.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $349.5M |
| 净利润 | $-59.0M | $-2.5M |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | 13.3% |
| 净利率 | -29.5% | -0.7% |
| 营收同比 | -5.9% | -25.5% |
| 净利润同比 | -62.2% | -107.3% |
| 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APLSJACK
| Q1 26 | — | $349.5M | ||
| Q4 25 | $199.9M | — | ||
| Q3 25 | $458.6M | — | ||
| Q2 25 | $178.5M | $336.7M | ||
| Q1 25 | $166.8M | $371.1M | ||
| Q4 24 | $212.5M | — | ||
| Q3 24 | $196.8M | — | ||
| Q2 24 | $199.7M | $365.3M |
净利润APLSJACK
| Q1 26 | — | $-2.5M | ||
| Q4 25 | $-59.0M | — | ||
| Q3 25 | $215.7M | — | ||
| Q2 25 | $-42.2M | $-142.2M | ||
| Q1 25 | $-92.2M | $33.7M | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-57.4M | — | ||
| Q2 24 | $-37.7M | $25.0M |
营业利润率APLSJACK
| Q1 26 | — | 13.3% | ||
| Q4 25 | -25.6% | — | ||
| Q3 25 | 48.7% | — | ||
| Q2 25 | -18.6% | -46.7% | ||
| Q1 25 | -50.0% | 19.0% | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -24.0% | — | ||
| Q2 24 | -14.7% | 14.8% |
净利率APLSJACK
| Q1 26 | — | -0.7% | ||
| Q4 25 | -29.5% | — | ||
| Q3 25 | 47.0% | — | ||
| Q2 25 | -23.6% | -42.2% | ||
| Q1 25 | -55.3% | 9.1% | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -29.2% | — | ||
| Q2 24 | -18.9% | 6.8% |
每股收益（稀释后）APLSJACK
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $-0.40 | — | ||
| Q3 25 | $1.67 | — | ||
| Q2 25 | $-0.33 | $-7.47 | ||
| Q1 25 | $-0.74 | $1.75 | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.46 | — | ||
| Q2 24 | $-0.30 | $1.26 |
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 | — | $1.6B |
| 股东权益账面价值 | $370.1M | $-936.0M |
| 总资产 | $1.1B | $2.0B |
| 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APLSJACK
| Q1 26 | — | — | ||
| Q4 25 | $466.2M | — | ||
| Q3 25 | $479.2M | — | ||
| Q2 25 | $370.0M | — | ||
| Q1 25 | $358.4M | — | ||
| Q4 24 | $411.3M | — | ||
| Q3 24 | $396.9M | — | ||
| Q2 24 | $360.1M | — |
总债务APLSJACK
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.7B |
股东权益APLSJACK
| Q1 26 | — | $-936.0M | ||
| Q4 25 | $370.1M | — | ||
| Q3 25 | $401.2M | — | ||
| Q2 25 | $156.3M | $-976.2M | ||
| Q1 25 | $164.2M | $-827.1M | ||
| Q4 24 | $228.5M | — | ||
| Q3 24 | $237.1M | — | ||
| Q2 24 | $264.3M | $-702.6M |
总资产APLSJACK
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $821.4M | $2.6B | ||
| Q1 25 | $807.3M | $2.8B | ||
| Q4 24 | $885.1M | — | ||
| Q3 24 | $901.9M | — | ||
| Q2 24 | $904.5M | $2.9B |
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 | $30.5M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $7.3M |
| 自由现金流率自由现金流/营收 | -7.1% | 2.1% |
| 资本支出强度资本支出/营收 | 0.1% | 6.6% |
| 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 | $34.8M |
8季度趋势，按日历期对齐
经营现金流APLSJACK
| Q1 26 | — | $30.5M | ||
| Q4 25 | $-14.2M | — | ||
| Q3 25 | $108.5M | — | ||
| Q2 25 | $4.4M | $-36.8M | ||
| Q1 25 | $-53.4M | $105.7M | ||
| Q4 24 | $19.4M | — | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $-8.3M | $16.7M |
自由现金流APLSJACK
| Q1 26 | — | $7.3M | ||
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $108.3M | — | ||
| Q2 25 | $4.4M | $-63.2M | ||
| Q1 25 | $-53.4M | $84.4M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | $6.4M |
自由现金流率APLSJACK
| Q1 26 | — | 2.1% | ||
| Q4 25 | -7.1% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 2.5% | -18.8% | ||
| Q1 25 | -32.0% | 22.7% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | 1.8% |
资本支出强度APLSJACK
| Q1 26 | — | 6.6% | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | 7.9% | ||
| Q1 25 | 0.0% | 5.7% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 2.8% |
现金转化率APLSJACK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.14× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.67× |
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% |
JACK
| Restaurant Sales | $131.9M | 38% |
| Franchise | $97.4M | 28% |
| Royaltyand Other | $58.9M | 17% |
| Advertising | $56.6M | 16% |
| Technology Service | $4.7M | 1% |
| Franchise Fees | $1.7M | 0% |
