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Apellis Pharmaceuticals, Inc.（APLS）与Penguin Solutions, Inc.（PENG）财务数据对比。点击上方公司名可切换其他公司
Penguin Solutions, Inc.的季度营收约是Apellis Pharmaceuticals, Inc.的1.7倍（$343.1M vs $199.9M），Penguin Solutions, Inc.净利率更高（1.5% vs -29.5%，领先31.0%），Penguin Solutions, Inc.同比增速更快（0.6% vs -5.9%），Penguin Solutions, Inc.自由现金流更多（$28.2M vs $-14.3M），过去两年Penguin Solutions, Inc.的营收复合增速更高（11.8% 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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
APLS vs PENG — 直观对比
营收规模更大
PENG
是对方的1.7倍
$199.9M
营收增速更快
PENG
高出6.5%
-5.9%
净利率更高
PENG
高出31.0%
-29.5%
自由现金流更多
PENG
多$42.5M
$-14.3M
两年增速更快
PENG
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $343.1M |
| 净利润 | $-59.0M | $5.3M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -25.6% | 5.7% |
| 净利率 | -29.5% | 1.5% |
| 营收同比 | -5.9% | 0.6% |
| 净利润同比 | -62.2% | 1.0% |
| 每股收益（稀释后） | $-0.40 | $0.04 |
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APLSPENG
| Q4 25 | $199.9M | $343.1M | ||
| Q3 25 | $458.6M | $337.9M | ||
| Q2 25 | $178.5M | $324.3M | ||
| Q1 25 | $166.8M | $365.5M | ||
| Q4 24 | $212.5M | $341.1M | ||
| Q3 24 | $196.8M | $284.8M | ||
| Q2 24 | $199.7M | $300.6M | ||
| Q1 24 | $172.3M | — |
净利润APLSPENG
| Q4 25 | $-59.0M | $5.3M | ||
| Q3 25 | $215.7M | $9.4M | ||
| Q2 25 | $-42.2M | $2.7M | ||
| Q1 25 | $-92.2M | $8.1M | ||
| Q4 24 | $-36.4M | $5.2M | ||
| Q3 24 | $-57.4M | — | ||
| Q2 24 | $-37.7M | $5.6M | ||
| Q1 24 | $-66.4M | — |
毛利率APLSPENG
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 28.8% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | — |
营业利润率APLSPENG
| Q4 25 | -25.6% | 5.7% | ||
| Q3 25 | 48.7% | 3.7% | ||
| Q2 25 | -18.6% | 3.0% | ||
| Q1 25 | -50.0% | 5.1% | ||
| Q4 24 | -12.3% | 5.1% | ||
| Q3 24 | -24.0% | -1.2% | ||
| Q2 24 | -14.7% | 3.8% | ||
| Q1 24 | -36.0% | — |
净利率APLSPENG
| Q4 25 | -29.5% | 1.5% | ||
| Q3 25 | 47.0% | 2.8% | ||
| Q2 25 | -23.6% | 0.8% | ||
| Q1 25 | -55.3% | 2.2% | ||
| Q4 24 | -17.1% | 1.5% | ||
| Q3 24 | -29.2% | — | ||
| Q2 24 | -18.9% | 1.9% | ||
| Q1 24 | -38.5% | — |
每股收益（稀释后）APLSPENG
| Q4 25 | $-0.40 | $0.04 | ||
| Q3 25 | $1.67 | $0.10 | ||
| Q2 25 | $-0.33 | $-0.01 | ||
| Q1 25 | $-0.74 | $0.09 | ||
| Q4 24 | $-0.30 | $0.10 | ||
| Q3 24 | $-0.46 | — | ||
| Q2 24 | $-0.30 | $0.10 | ||
| Q1 24 | $-0.54 | — |
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 | $461.5M |
| 总债务越低越好 | — | $462.3M |
| 股东权益账面价值 | $370.1M | $389.7M |
| 总资产 | $1.1B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资APLSPENG
| Q4 25 | $466.2M | $461.5M | ||
| Q3 25 | $479.2M | $453.8M | ||
| Q2 25 | $370.0M | $735.5M | ||
| Q1 25 | $358.4M | $647.0M | ||
| Q4 24 | $411.3M | $393.7M | ||
| Q3 24 | $396.9M | $389.5M | ||
| Q2 24 | $360.1M | $467.5M | ||
| Q1 24 | $325.9M | — |
总债务APLSPENG
| Q4 25 | — | $462.3M | ||
| Q3 25 | — | $461.8M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $658.8M | ||
| Q4 24 | — | $658.1M | ||
| Q3 24 | — | $657.3M | ||
| Q2 24 | — | $667.0M | ||
| Q1 24 | $93.1M | — |
股东权益APLSPENG
| Q4 25 | $370.1M | $389.7M | ||
| Q3 25 | $401.2M | $394.2M | ||
| Q2 25 | $156.3M | $584.8M | ||
| Q1 25 | $164.2M | $602.5M | ||
| Q4 24 | $228.5M | $400.4M | ||
| Q3 24 | $237.1M | $391.4M | ||
| Q2 24 | $264.3M | $423.4M | ||
| Q1 24 | $266.7M | — |
总资产APLSPENG
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $821.4M | $1.8B | ||
| Q1 25 | $807.3M | $1.8B | ||
| Q4 24 | $885.1M | $1.6B | ||
| Q3 24 | $901.9M | $1.5B | ||
| Q2 24 | $904.5M | $1.5B | ||
| Q1 24 | $831.9M | — |
负债/权益比APLSPENG
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 1.58× | ||
| 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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $28.2M |
| 自由现金流率自由现金流/营收 | -7.1% | 8.2% |
| 资本支出强度资本支出/营收 | 0.1% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $45.0M | $116.3M |
8季度趋势，按日历期对齐
经营现金流APLSPENG
| Q4 25 | $-14.2M | $31.1M | ||
| Q3 25 | $108.5M | $-70.4M | ||
| Q2 25 | $4.4M | $92.8M | ||
| Q1 25 | $-53.4M | $72.9M | ||
| Q4 24 | $19.4M | $13.8M | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $-8.3M | $57.9M | ||
| Q1 24 | $-133.0M | — |
自由现金流APLSPENG
| Q4 25 | $-14.3M | $28.2M | ||
| Q3 25 | $108.3M | $-73.4M | ||
| Q2 25 | $4.4M | $90.9M | ||
| Q1 25 | $-53.4M | $70.5M | ||
| Q4 24 | $19.3M | $12.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | $48.9M | ||
| Q1 24 | $-133.3M | — |
自由现金流率APLSPENG
| Q4 25 | -7.1% | 8.2% | ||
| Q3 25 | 23.6% | -21.7% | ||
| Q2 25 | 2.5% | 28.0% | ||
| Q1 25 | -32.0% | 19.3% | ||
| Q4 24 | 9.1% | 3.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | 16.3% | ||
| Q1 24 | -77.3% | — |
资本支出强度APLSPENG
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 3.0% | ||
| Q1 24 | 0.2% | — |
现金转化率APLSPENG
| Q4 25 | — | 5.89× | ||
| Q3 25 | 0.50× | -7.47× | ||
| Q2 25 | — | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.30× | ||
| 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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
