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Apellis Pharmaceuticals, Inc.（APLS）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是Apellis Pharmaceuticals, Inc.的1.4倍（$281.9M vs $199.9M），印度钢铁管理局净利率更高（-12.8% vs -29.5%，领先16.7%），印度钢铁管理局同比增速更快（6.7% vs -5.9%），印度钢铁管理局自由现金流更多（$52.5M vs $-14.3M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
APLS vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.4倍
$199.9M
营收增速更快
SAIL
高出12.6%
-5.9%
净利率更高
SAIL
高出16.7%
-29.5%
自由现金流更多
SAIL
多$66.8M
$-14.3M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $281.9M |
| 净利润 | $-59.0M | $-36.0M |
| 毛利率 | — | 66.3% |
| 营业利润率 | -25.6% | -14.8% |
| 净利率 | -29.5% | -12.8% |
| 营收同比 | -5.9% | 6.7% |
| 净利润同比 | -62.2% | -240.9% |
| 每股收益（稀释后） | $-0.40 | $-0.06 |
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APLSSAIL
| Q4 25 | $199.9M | $281.9M | ||
| Q3 25 | $458.6M | $264.4M | ||
| Q2 25 | $178.5M | $230.5M | ||
| Q1 25 | $166.8M | $240.1M | ||
| Q4 24 | $212.5M | — | ||
| Q3 24 | $196.8M | $198.6M | ||
| Q2 24 | $199.7M | $187.7M | ||
| Q1 24 | $172.3M | — |
净利润APLSSAIL
| Q4 25 | $-59.0M | $-36.0M | ||
| Q3 25 | $215.7M | $-10.6M | ||
| Q2 25 | $-42.2M | $-187.3M | ||
| Q1 25 | $-92.2M | $-80.1M | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-57.4M | $-87.1M | ||
| Q2 24 | $-37.7M | $-89.2M | ||
| Q1 24 | $-66.4M | — |
毛利率APLSSAIL
| Q4 25 | — | 66.3% | ||
| Q3 25 | — | 67.3% | ||
| Q2 25 | — | 55.4% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.1% | ||
| Q2 24 | — | 61.5% | ||
| Q1 24 | — | — |
营业利润率APLSSAIL
| Q4 25 | -25.6% | -14.8% | ||
| Q3 25 | 48.7% | -15.4% | ||
| Q2 25 | -18.6% | -80.3% | ||
| Q1 25 | -50.0% | -12.6% | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -24.0% | -33.2% | ||
| Q2 24 | -14.7% | -36.3% | ||
| Q1 24 | -36.0% | — |
净利率APLSSAIL
| Q4 25 | -29.5% | -12.8% | ||
| Q3 25 | 47.0% | -4.0% | ||
| Q2 25 | -23.6% | -81.3% | ||
| Q1 25 | -55.3% | -33.4% | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -29.2% | -43.9% | ||
| Q2 24 | -18.9% | -47.5% | ||
| Q1 24 | -38.5% | — |
每股收益（稀释后）APLSSAIL
| Q4 25 | $-0.40 | $-0.06 | ||
| Q3 25 | $1.67 | $-0.02 | ||
| Q2 25 | $-0.33 | $-0.42 | ||
| Q1 25 | $-0.74 | $-6.50 | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.46 | $-2.97 | ||
| Q2 24 | $-0.30 | $-0.77 | ||
| 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 | $298.1M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $370.1M | $6.8B |
| 总资产 | $1.1B | $7.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APLSSAIL
| Q4 25 | $466.2M | $298.1M | ||
| Q3 25 | $479.2M | $271.1M | ||
| Q2 25 | $370.0M | $228.1M | ||
| Q1 25 | $358.4M | $121.3M | ||
| Q4 24 | $411.3M | — | ||
| Q3 24 | $396.9M | $89.7M | ||
| Q2 24 | $360.1M | $146.8M | ||
| Q1 24 | $325.9M | — |
总债务APLSSAIL
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSSAIL
| Q4 25 | $370.1M | $6.8B | ||
| Q3 25 | $401.2M | $6.8B | ||
| Q2 25 | $156.3M | $6.8B | ||
| Q1 25 | $164.2M | $-5.6B | ||
| Q4 24 | $228.5M | — | ||
| Q3 24 | $237.1M | $-701.3M | ||
| Q2 24 | $264.3M | $-622.5M | ||
| Q1 24 | $266.7M | — |
总资产APLSSAIL
| Q4 25 | $1.1B | $7.5B | ||
| Q3 25 | $1.1B | $7.4B | ||
| Q2 25 | $821.4M | $7.4B | ||
| Q1 25 | $807.3M | $7.4B | ||
| Q4 24 | $885.1M | — | ||
| Q3 24 | $901.9M | — | ||
| Q2 24 | $904.5M | — | ||
| Q1 24 | $831.9M | — |
负债/权益比APLSSAIL
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $52.5M |
| 自由现金流率自由现金流/营收 | -7.1% | 18.6% |
| 资本支出强度资本支出/营收 | 0.1% | 0.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流APLSSAIL
| Q4 25 | $-14.2M | $53.6M | ||
| Q3 25 | $108.5M | $49.9M | ||
| Q2 25 | $4.4M | $-96.8M | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.4M | — | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $-8.3M | $-55.4M | ||
| Q1 24 | $-133.0M | — |
自由现金流APLSSAIL
| Q4 25 | $-14.3M | $52.5M | ||
| Q3 25 | $108.3M | $49.0M | ||
| Q2 25 | $4.4M | $-99.0M | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | $-56.0M | ||
| Q1 24 | $-133.3M | — |
自由现金流率APLSSAIL
| Q4 25 | -7.1% | 18.6% | ||
| Q3 25 | 23.6% | 18.5% | ||
| Q2 25 | 2.5% | -43.0% | ||
| Q1 25 | -32.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | -29.8% | ||
| Q1 24 | -77.3% | — |
资本支出强度APLSSAIL
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.0% | 1.0% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.2% | — |
现金转化率APLSSAIL
| 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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
