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Apellis Pharmaceuticals, Inc.（APLS）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是Apellis Pharmaceuticals, Inc.的1.0倍（$204.1M vs $199.9M），百胜餐饮集团净利率更高（8.9% vs -29.5%，领先38.4%），百胜餐饮集团同比增速更快（-5.2% vs -5.9%），百胜餐饮集团自由现金流更多（$2.6M vs $-14.3M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 7.7%）
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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
APLS vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.0倍
$199.9M
营收增速更快
LCUT
高出0.8%
-5.9%
净利率更高
LCUT
高出38.4%
-29.5%
自由现金流更多
LCUT
多$16.9M
$-14.3M
两年增速更快
LCUT
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $204.1M |
| 净利润 | $-59.0M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | -25.6% | 9.8% |
| 净利率 | -29.5% | 8.9% |
| 营收同比 | -5.9% | -5.2% |
| 净利润同比 | -62.2% | 103.5% |
| 每股收益（稀释后） | $-0.40 | $0.83 |
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APLSLCUT
| Q4 25 | $199.9M | $204.1M | ||
| Q3 25 | $458.6M | $171.9M | ||
| Q2 25 | $178.5M | $131.9M | ||
| Q1 25 | $166.8M | $140.1M | ||
| Q4 24 | $212.5M | $215.2M | ||
| Q3 24 | $196.8M | $183.8M | ||
| Q2 24 | $199.7M | $141.7M | ||
| Q1 24 | $172.3M | $142.2M |
净利润APLSLCUT
| Q4 25 | $-59.0M | $18.2M | ||
| Q3 25 | $215.7M | $-1.2M | ||
| Q2 25 | $-42.2M | $-39.7M | ||
| Q1 25 | $-92.2M | $-4.2M | ||
| Q4 24 | $-36.4M | $8.9M | ||
| Q3 24 | $-57.4M | $344.0K | ||
| Q2 24 | $-37.7M | $-18.2M | ||
| Q1 24 | $-66.4M | $-6.3M |
毛利率APLSLCUT
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% | ||
| Q1 24 | — | 40.5% |
营业利润率APLSLCUT
| Q4 25 | -25.6% | 9.8% | ||
| Q3 25 | 48.7% | 3.9% | ||
| Q2 25 | -18.6% | -28.2% | ||
| Q1 25 | -50.0% | 0.8% | ||
| Q4 24 | -12.3% | 7.2% | ||
| Q3 24 | -24.0% | 4.7% | ||
| Q2 24 | -14.7% | 0.8% | ||
| Q1 24 | -36.0% | 1.3% |
净利率APLSLCUT
| Q4 25 | -29.5% | 8.9% | ||
| Q3 25 | 47.0% | -0.7% | ||
| Q2 25 | -23.6% | -30.1% | ||
| Q1 25 | -55.3% | -3.0% | ||
| Q4 24 | -17.1% | 4.1% | ||
| Q3 24 | -29.2% | 0.2% | ||
| Q2 24 | -18.9% | -12.8% | ||
| Q1 24 | -38.5% | -4.4% |
每股收益（稀释后）APLSLCUT
| Q4 25 | $-0.40 | $0.83 | ||
| Q3 25 | $1.67 | $-0.05 | ||
| Q2 25 | $-0.33 | $-1.83 | ||
| Q1 25 | $-0.74 | $-0.19 | ||
| Q4 24 | $-0.30 | $0.41 | ||
| Q3 24 | $-0.46 | $0.02 | ||
| Q2 24 | $-0.30 | $-0.85 | ||
| Q1 24 | $-0.54 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $370.1M | $202.3M |
| 总资产 | $1.1B | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资APLSLCUT
| Q4 25 | $466.2M | $4.3M | ||
| Q3 25 | $479.2M | $12.1M | ||
| Q2 25 | $370.0M | $12.0M | ||
| Q1 25 | $358.4M | $10.4M | ||
| Q4 24 | $411.3M | $2.9M | ||
| Q3 24 | $396.9M | $6.0M | ||
| Q2 24 | $360.1M | $3.4M | ||
| Q1 24 | $325.9M | $4.6M |
总债务APLSLCUT
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSLCUT
| Q4 25 | $370.1M | $202.3M | ||
| Q3 25 | $401.2M | $184.6M | ||
| Q2 25 | $156.3M | $185.8M | ||
| Q1 25 | $164.2M | $225.7M | ||
| Q4 24 | $228.5M | $229.9M | ||
| Q3 24 | $237.1M | $220.9M | ||
| Q2 24 | $264.3M | $219.8M | ||
| Q1 24 | $266.7M | $223.7M |
总资产APLSLCUT
| Q4 25 | $1.1B | $572.6M | ||
| Q3 25 | $1.1B | $581.1M | ||
| Q2 25 | $821.4M | $551.9M | ||
| Q1 25 | $807.3M | $594.6M | ||
| Q4 24 | $885.1M | $634.3M | ||
| Q3 24 | $901.9M | $668.7M | ||
| Q2 24 | $904.5M | $617.0M | ||
| Q1 24 | $831.9M | $602.7M |
负债/权益比APLSLCUT
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $2.6M |
| 自由现金流率自由现金流/营收 | -7.1% | 1.3% |
| 资本支出强度资本支出/营收 | 0.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $45.0M | $3.3M |
8季度趋势，按日历期对齐
经营现金流APLSLCUT
| Q4 25 | $-14.2M | $3.7M | ||
| Q3 25 | $108.5M | $-22.2M | ||
| Q2 25 | $4.4M | $9.3M | ||
| Q1 25 | $-53.4M | $16.7M | ||
| Q4 24 | $19.4M | $20.3M | ||
| Q3 24 | $34.1M | $-22.7M | ||
| Q2 24 | $-8.3M | $10.4M | ||
| Q1 24 | $-133.0M | $10.5M |
自由现金流APLSLCUT
| Q4 25 | $-14.3M | $2.6M | ||
| Q3 25 | $108.3M | $-22.7M | ||
| Q2 25 | $4.4M | $8.2M | ||
| Q1 25 | $-53.4M | $15.1M | ||
| Q4 24 | $19.3M | $19.7M | ||
| Q3 24 | — | $-23.2M | ||
| Q2 24 | $-8.4M | $9.9M | ||
| Q1 24 | $-133.3M | $9.9M |
自由现金流率APLSLCUT
| Q4 25 | -7.1% | 1.3% | ||
| Q3 25 | 23.6% | -13.2% | ||
| Q2 25 | 2.5% | 6.2% | ||
| Q1 25 | -32.0% | 10.8% | ||
| Q4 24 | 9.1% | 9.1% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | -4.2% | 7.0% | ||
| Q1 24 | -77.3% | 7.0% |
资本支出强度APLSLCUT
| Q4 25 | 0.1% | 0.6% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.0% | 1.1% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 0.2% | 0.4% |
现金转化率APLSLCUT
| Q4 25 | — | 0.21× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | -65.89× | ||
| 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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
