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Apellis Pharmaceuticals, Inc.（APLS）与POWELL INDUSTRIES INC（POWL）财务数据对比。点击上方公司名可切换其他公司
POWELL INDUSTRIES INC的季度营收约是Apellis Pharmaceuticals, Inc.的1.3倍（$251.2M vs $199.9M），POWELL INDUSTRIES INC净利率更高（16.5% vs -29.5%，领先46.0%），POWELL INDUSTRIES INC同比增速更快（4.0% vs -5.9%），POWELL INDUSTRIES INC自由现金流更多（$41.6M vs $-14.3M），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -0.8%）
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。
Powell Industries Inc.成立于1947年，总部位于美国得克萨斯州休斯敦，是专业的电气设备及集成封装解决方案供应商，产品主要面向工商业市场，用于电力配送环节的监测与控制。
APLS vs POWL — 直观对比
营收规模更大
POWL
是对方的1.3倍
$199.9M
营收增速更快
POWL
高出10.0%
-5.9%
净利率更高
POWL
高出46.0%
-29.5%
自由现金流更多
POWL
多$55.9M
$-14.3M
两年增速更快
APLS
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $251.2M |
| 净利润 | $-59.0M | $41.4M |
| 毛利率 | — | 28.4% |
| 营业利润率 | -25.6% | 17.0% |
| 净利率 | -29.5% | 16.5% |
| 营收同比 | -5.9% | 4.0% |
| 净利润同比 | -62.2% | 19.1% |
| 每股收益（稀释后） | $-0.40 | $3.40 |
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APLSPOWL
| Q4 25 | $199.9M | $251.2M | ||
| Q3 25 | $458.6M | $298.0M | ||
| Q2 25 | $178.5M | $286.3M | ||
| Q1 25 | $166.8M | $278.6M | ||
| Q4 24 | $212.5M | $241.4M | ||
| Q3 24 | $196.8M | $275.1M | ||
| Q2 24 | $199.7M | $288.2M | ||
| Q1 24 | $172.3M | $255.1M |
净利润APLSPOWL
| Q4 25 | $-59.0M | $41.4M | ||
| Q3 25 | $215.7M | $51.4M | ||
| Q2 25 | $-42.2M | $48.2M | ||
| Q1 25 | $-92.2M | $46.3M | ||
| Q4 24 | $-36.4M | $34.8M | ||
| Q3 24 | $-57.4M | $46.1M | ||
| Q2 24 | $-37.7M | $46.2M | ||
| Q1 24 | $-66.4M | $33.5M |
毛利率APLSPOWL
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.6% |
营业利润率APLSPOWL
| Q4 25 | -25.6% | 17.0% | ||
| Q3 25 | 48.7% | 21.2% | ||
| Q2 25 | -18.6% | 21.0% | ||
| Q1 25 | -50.0% | 21.1% | ||
| Q4 24 | -12.3% | 14.7% | ||
| Q3 24 | -24.0% | 20.4% | ||
| Q2 24 | -14.7% | 19.9% | ||
| Q1 24 | -36.0% | 15.5% |
净利率APLSPOWL
| Q4 25 | -29.5% | 16.5% | ||
| Q3 25 | 47.0% | 17.3% | ||
| Q2 25 | -23.6% | 16.8% | ||
| Q1 25 | -55.3% | 16.6% | ||
| Q4 24 | -17.1% | 14.4% | ||
| Q3 24 | -29.2% | 16.7% | ||
| Q2 24 | -18.9% | 16.0% | ||
| Q1 24 | -38.5% | 13.1% |
每股收益（稀释后）APLSPOWL
| Q4 25 | $-0.40 | $3.40 | ||
| Q3 25 | $1.67 | $4.23 | ||
| Q2 25 | $-0.33 | $3.96 | ||
| Q1 25 | $-0.74 | $3.81 | ||
| Q4 24 | $-0.30 | $2.86 | ||
| Q3 24 | $-0.46 | $3.77 | ||
| Q2 24 | $-0.30 | $3.79 | ||
| Q1 24 | $-0.54 | $2.75 |
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 | $500.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $370.1M | $668.9M |
| 总资产 | $1.1B | $1.1B |
| 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APLSPOWL
| Q4 25 | $466.2M | $500.8M | ||
| Q3 25 | $479.2M | $475.5M | ||
| Q2 25 | $370.0M | $433.0M | ||
| Q1 25 | $358.4M | $389.3M | ||
| Q4 24 | $411.3M | $373.4M | ||
| Q3 24 | $396.9M | $358.4M | ||
| Q2 24 | $360.1M | $374.0M | ||
| Q1 24 | $325.9M | $365.3M |
总债务APLSPOWL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSPOWL
| Q4 25 | $370.1M | $668.9M | ||
| Q3 25 | $401.2M | $640.8M | ||
| Q2 25 | $156.3M | $594.9M | ||
| Q1 25 | $164.2M | $541.4M | ||
| Q4 24 | $228.5M | $496.3M | ||
| Q3 24 | $237.1M | $483.1M | ||
| Q2 24 | $264.3M | $436.7M | ||
| Q1 24 | $266.7M | $393.8M |
总资产APLSPOWL
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $821.4M | $1.0B | ||
| Q1 25 | $807.3M | $965.4M | ||
| Q4 24 | $885.1M | $912.7M | ||
| Q3 24 | $901.9M | $928.2M | ||
| Q2 24 | $904.5M | $869.0M | ||
| Q1 24 | $831.9M | $849.6M |
负债/权益比APLSPOWL
| 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 | $43.6M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $41.6M |
| 自由现金流率自由现金流/营收 | -7.1% | 16.6% |
| 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 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | $45.0M | $161.5M |
8季度趋势，按日历期对齐
经营现金流APLSPOWL
| Q4 25 | $-14.2M | $43.6M | ||
| Q3 25 | $108.5M | $61.1M | ||
| Q2 25 | $4.4M | $47.4M | ||
| Q1 25 | $-53.4M | $22.4M | ||
| Q4 24 | $19.4M | $37.1M | ||
| Q3 24 | $34.1M | $-6.0M | ||
| Q2 24 | $-8.3M | $13.8M | ||
| Q1 24 | $-133.0M | $17.0M |
自由现金流APLSPOWL
| Q4 25 | $-14.3M | $41.6M | ||
| Q3 25 | $108.3M | $59.3M | ||
| Q2 25 | $4.4M | $42.3M | ||
| Q1 25 | $-53.4M | $18.3M | ||
| Q4 24 | $19.3M | $34.9M | ||
| Q3 24 | — | $-14.4M | ||
| Q2 24 | $-8.4M | $12.4M | ||
| Q1 24 | $-133.3M | $16.1M |
自由现金流率APLSPOWL
| Q4 25 | -7.1% | 16.6% | ||
| Q3 25 | 23.6% | 19.9% | ||
| Q2 25 | 2.5% | 14.8% | ||
| Q1 25 | -32.0% | 6.6% | ||
| Q4 24 | 9.1% | 14.4% | ||
| Q3 24 | — | -5.3% | ||
| Q2 24 | -4.2% | 4.3% | ||
| Q1 24 | -77.3% | 6.3% |
资本支出强度APLSPOWL
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.0% | 0.6% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 0.0% | 1.5% | ||
| Q4 24 | 0.0% | 0.9% | ||
| Q3 24 | 0.0% | 3.1% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.2% | 0.4% |
现金转化率APLSPOWL
| Q4 25 | — | 1.05× | ||
| Q3 25 | 0.50× | 1.19× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.51× |
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% |
POWL
| Oil And Gas Service | $97.9M | 39% |
| Electricity | $69.3M | 28% |
| Commercial And Other Industrial | $40.6M | 16% |
| Petrochemical | $22.8M | 9% |
| Other Customers | $12.0M | 5% |
| Light Rail Traction Power Customer | $8.6M | 3% |
