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Apellis Pharmaceuticals, Inc.（APLS）与MATRIX SERVICE CO（MTRX）财务数据对比。点击上方公司名可切换其他公司
MATRIX SERVICE CO的季度营收约是Apellis Pharmaceuticals, Inc.的1.1倍（$210.5M vs $199.9M），MATRIX SERVICE CO净利率更高（-0.4% vs -29.5%，领先29.1%），MATRIX SERVICE CO同比增速更快（12.5% vs -5.9%），MATRIX SERVICE CO自由现金流更多（$6.3M vs $-14.3M），过去两年MATRIX SERVICE CO的营收复合增速更高（12.6% 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。
Matrix Service旗下的Matrix电信公司是美国一家电信企业，以Matrix商务科技、Trinsic、Excel电信等多个细分品牌运营，面向个人消费者、中小微企业以及多地点分布式企业市场提供语音与数据服务，同时也向电信、无线与有线电视行业提供语音批发服务。
APLS vs MTRX — 直观对比
营收规模更大
MTRX
是对方的1.1倍
$199.9M
营收增速更快
MTRX
高出18.4%
-5.9%
净利率更高
MTRX
高出29.1%
-29.5%
自由现金流更多
MTRX
多$20.6M
$-14.3M
两年增速更快
MTRX
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $210.5M |
| 净利润 | $-59.0M | $-894.0K |
| 毛利率 | — | 6.2% |
| 营业利润率 | -25.6% | -1.0% |
| 净利率 | -29.5% | -0.4% |
| 营收同比 | -5.9% | 12.5% |
| 净利润同比 | -62.2% | 83.8% |
| 每股收益（稀释后） | $-0.40 | $-0.03 |
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APLSMTRX
| Q4 25 | $199.9M | $210.5M | ||
| Q3 25 | $458.6M | $211.9M | ||
| Q2 25 | $178.5M | $216.4M | ||
| Q1 25 | $166.8M | $200.2M | ||
| Q4 24 | $212.5M | $187.2M | ||
| Q3 24 | $196.8M | $165.6M | ||
| Q2 24 | $199.7M | $189.5M | ||
| Q1 24 | $172.3M | $166.0M |
净利润APLSMTRX
| Q4 25 | $-59.0M | $-894.0K | ||
| Q3 25 | $215.7M | $-3.7M | ||
| Q2 25 | $-42.2M | $-11.3M | ||
| Q1 25 | $-92.2M | $-3.4M | ||
| Q4 24 | $-36.4M | $-5.5M | ||
| Q3 24 | $-57.4M | $-9.2M | ||
| Q2 24 | $-37.7M | $-4.4M | ||
| Q1 24 | $-66.4M | $-14.6M |
毛利率APLSMTRX
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 3.4% |
营业利润率APLSMTRX
| Q4 25 | -25.6% | -1.0% | ||
| Q3 25 | 48.7% | -2.6% | ||
| Q2 25 | -18.6% | -6.0% | ||
| Q1 25 | -50.0% | -2.5% | ||
| Q4 24 | -12.3% | -3.4% | ||
| Q3 24 | -24.0% | -6.5% | ||
| Q2 24 | -14.7% | -2.8% | ||
| Q1 24 | -36.0% | -8.7% |
净利率APLSMTRX
| Q4 25 | -29.5% | -0.4% | ||
| Q3 25 | 47.0% | -1.7% | ||
| Q2 25 | -23.6% | -5.2% | ||
| Q1 25 | -55.3% | -1.7% | ||
| Q4 24 | -17.1% | -3.0% | ||
| Q3 24 | -29.2% | -5.6% | ||
| Q2 24 | -18.9% | -2.3% | ||
| Q1 24 | -38.5% | -8.8% |
每股收益（稀释后）APLSMTRX
| Q4 25 | $-0.40 | $-0.03 | ||
| Q3 25 | $1.67 | $-0.13 | ||
| Q2 25 | $-0.33 | $-0.41 | ||
| Q1 25 | $-0.74 | $-0.12 | ||
| Q4 24 | $-0.30 | $-0.20 | ||
| Q3 24 | $-0.46 | $-0.33 | ||
| Q2 24 | $-0.30 | $-0.16 | ||
| Q1 24 | $-0.54 | $-0.53 |
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 | $199.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $370.1M | $137.6M |
| 总资产 | $1.1B | $650.2M |
| 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APLSMTRX
| Q4 25 | $466.2M | $199.0M | ||
| Q3 25 | $479.2M | $192.3M | ||
| Q2 25 | $370.0M | $224.6M | ||
| Q1 25 | $358.4M | $185.5M | ||
| Q4 24 | $411.3M | $156.8M | ||
| Q3 24 | $396.9M | $124.6M | ||
| Q2 24 | $360.1M | $115.6M | ||
| Q1 24 | $325.9M | $69.7M |
总债务APLSMTRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSMTRX
| Q4 25 | $370.1M | $137.6M | ||
| Q3 25 | $401.2M | $136.3M | ||
| Q2 25 | $156.3M | $142.7M | ||
| Q1 25 | $164.2M | $150.7M | ||
| Q4 24 | $228.5M | $151.9M | ||
| Q3 24 | $237.1M | $156.5M | ||
| Q2 24 | $264.3M | $164.2M | ||
| Q1 24 | $266.7M | $165.8M |
总资产APLSMTRX
| Q4 25 | $1.1B | $650.2M | ||
| Q3 25 | $1.1B | $598.2M | ||
| Q2 25 | $821.4M | $600.3M | ||
| Q1 25 | $807.3M | $613.7M | ||
| Q4 24 | $885.1M | $513.8M | ||
| Q3 24 | $901.9M | $470.2M | ||
| Q2 24 | $904.5M | $451.4M | ||
| Q1 24 | $831.9M | $440.0M |
负债/权益比APLSMTRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $7.5M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $6.3M |
| 自由现金流率自由现金流/营收 | -7.1% | 3.0% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $45.0M | $45.5M |
8季度趋势，按日历期对齐
经营现金流APLSMTRX
| Q4 25 | $-14.2M | $7.5M | ||
| Q3 25 | $108.5M | $-25.9M | ||
| Q2 25 | $4.4M | $40.7M | ||
| Q1 25 | $-53.4M | $31.2M | ||
| Q4 24 | $19.4M | $33.6M | ||
| Q3 24 | $34.1M | $11.9M | ||
| Q2 24 | $-8.3M | $47.0M | ||
| Q1 24 | $-133.0M | $24.8M |
自由现金流APLSMTRX
| Q4 25 | $-14.3M | $6.3M | ||
| Q3 25 | $108.3M | $-27.9M | ||
| Q2 25 | $4.4M | $38.4M | ||
| Q1 25 | $-53.4M | $28.7M | ||
| Q4 24 | $19.3M | $32.7M | ||
| Q3 24 | — | $10.0M | ||
| Q2 24 | $-8.4M | $45.7M | ||
| Q1 24 | $-133.3M | $20.0M |
自由现金流率APLSMTRX
| Q4 25 | -7.1% | 3.0% | ||
| Q3 25 | 23.6% | -13.2% | ||
| Q2 25 | 2.5% | 17.8% | ||
| Q1 25 | -32.0% | 14.3% | ||
| Q4 24 | 9.1% | 17.5% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | -4.2% | 24.1% | ||
| Q1 24 | -77.3% | 12.1% |
资本支出强度APLSMTRX
| Q4 25 | 0.1% | 0.6% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.0% | 1.0% | ||
| Q1 25 | 0.0% | 1.3% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.0% | 0.7% | ||
| Q1 24 | 0.2% | 2.9% |
现金转化率APLSMTRX
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
