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Apellis Pharmaceuticals, Inc.（APLS）与Solaris Energy Infrastructure, Inc.（SEI）财务数据对比。点击上方公司名可切换其他公司
Apellis Pharmaceuticals, Inc.的季度营收约是Solaris Energy Infrastructure, Inc.的1.0倍（$199.9M vs $196.2M），Solaris Energy Infrastructure, Inc.净利率更高（16.3% vs -29.5%，领先45.8%），Solaris Energy Infrastructure, Inc.同比增速更快（9.2% vs -5.9%），过去两年Solaris Energy Infrastructure, Inc.的营收复合增速更高（63.0% 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。
AGL能源有限公司是澳大利亚上市企业，业务涵盖民用及商用电力、天然气的生产与零售，是国家电力市场三大零售商之一。作为澳大利亚最大的电力生产商，该公司同时也是该国最大的碳排放主体。
APLS vs SEI — 直观对比
营收规模更大
APLS
是对方的1.0倍
$196.2M
营收增速更快
SEI
高出15.1%
-5.9%
净利率更高
SEI
高出45.8%
-29.5%
两年增速更快
SEI
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $196.2M |
| 净利润 | $-59.0M | $32.1M |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | 25.8% |
| 净利率 | -29.5% | 16.3% |
| 营收同比 | -5.9% | 9.2% |
| 净利润同比 | -62.2% | 1013.5% |
| 每股收益（稀释后） | $-0.40 | $0.32 |
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APLSSEI
| Q1 26 | — | $196.2M | ||
| Q4 25 | $199.9M | $179.7M | ||
| Q3 25 | $458.6M | $166.8M | ||
| Q2 25 | $178.5M | $149.3M | ||
| Q1 25 | $166.8M | $126.3M | ||
| Q4 24 | $212.5M | $96.3M | ||
| Q3 24 | $196.8M | $75.0M | ||
| Q2 24 | $199.7M | $73.9M |
净利润APLSSEI
| Q1 26 | — | $32.1M | ||
| Q4 25 | $-59.0M | $-1.7M | ||
| Q3 25 | $215.7M | $14.6M | ||
| Q2 25 | $-42.2M | $12.0M | ||
| Q1 25 | $-92.2M | $5.3M | ||
| Q4 24 | $-36.4M | $6.3M | ||
| Q3 24 | $-57.4M | $-968.0K | ||
| Q2 24 | $-37.7M | $6.2M |
营业利润率APLSSEI
| Q1 26 | — | 25.8% | ||
| Q4 25 | -25.6% | 22.2% | ||
| Q3 25 | 48.7% | 22.7% | ||
| Q2 25 | -18.6% | 23.8% | ||
| Q1 25 | -50.0% | 17.5% | ||
| Q4 24 | -12.3% | 26.7% | ||
| Q3 24 | -24.0% | 7.0% | ||
| Q2 24 | -14.7% | 16.0% |
净利率APLSSEI
| Q1 26 | — | 16.3% | ||
| Q4 25 | -29.5% | -0.9% | ||
| Q3 25 | 47.0% | 8.7% | ||
| Q2 25 | -23.6% | 8.0% | ||
| Q1 25 | -55.3% | 4.2% | ||
| Q4 24 | -17.1% | 6.5% | ||
| Q3 24 | -29.2% | -1.3% | ||
| Q2 24 | -18.9% | 8.4% |
每股收益（稀释后）APLSSEI
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.40 | — | ||
| Q3 25 | $1.67 | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | $-0.74 | — | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.46 | — | ||
| Q2 24 | $-0.30 | — |
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 | $344.5M |
| 总债务越低越好 | — | $395.4M |
| 股东权益账面价值 | $370.1M | — |
| 总资产 | $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APLSSEI
| Q1 26 | — | $344.5M | ||
| Q4 25 | $466.2M | $353.3M | ||
| Q3 25 | $479.2M | $106.7M | ||
| Q2 25 | $370.0M | $99.6M | ||
| Q1 25 | $358.4M | $16.7M | ||
| Q4 24 | $411.3M | $114.3M | ||
| Q3 24 | $396.9M | $18.6M | ||
| Q2 24 | $360.1M | $5.1M |
总债务APLSSEI
| Q1 26 | — | $395.4M | ||
| Q4 25 | — | $184.0M | ||
| Q3 25 | — | $382.8M | ||
| Q2 25 | — | $386.2M | ||
| Q1 25 | — | $316.2M | ||
| Q4 24 | — | $315.7M | ||
| Q3 24 | — | $315.3M | ||
| Q2 24 | — | — |
股东权益APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | $370.1M | $564.3M | ||
| Q3 25 | $401.2M | $546.6M | ||
| Q2 25 | $156.3M | $399.1M | ||
| Q1 25 | $164.2M | $361.3M | ||
| Q4 24 | $228.5M | $355.6M | ||
| Q3 24 | $237.1M | $221.7M | ||
| Q2 24 | $264.3M | $204.6M |
总资产APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $821.4M | $1.5B | ||
| Q1 25 | $807.3M | $1.1B | ||
| Q4 24 | $885.1M | $1.1B | ||
| Q3 24 | $901.9M | $939.5M | ||
| Q2 24 | $904.5M | $457.8M |
负债/权益比APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | 175.0% |
| 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APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | $-14.2M | $95.9M | ||
| Q3 25 | $108.5M | $63.3M | ||
| Q2 25 | $4.4M | $24.2M | ||
| Q1 25 | $-53.4M | $25.7M | ||
| Q4 24 | $19.4M | $13.1M | ||
| Q3 24 | $34.1M | $10.5M | ||
| Q2 24 | $-8.3M | $18.9M |
自由现金流APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | $-14.3M | $-158.6M | ||
| Q3 25 | $108.3M | $462.0K | ||
| Q2 25 | $4.4M | $-160.9M | ||
| Q1 25 | $-53.4M | $-118.6M | ||
| Q4 24 | $19.3M | $-113.6M | ||
| Q3 24 | — | $-47.2M | ||
| Q2 24 | $-8.4M | $18.2M |
自由现金流率APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | -88.2% | ||
| Q3 25 | 23.6% | 0.3% | ||
| Q2 25 | 2.5% | -107.8% | ||
| Q1 25 | -32.0% | -93.9% | ||
| Q4 24 | 9.1% | -117.9% | ||
| Q3 24 | — | -63.0% | ||
| Q2 24 | -4.2% | 24.7% |
资本支出强度APLSSEI
| Q1 26 | — | 175.0% | ||
| Q4 25 | 0.1% | 141.6% | ||
| Q3 25 | 0.0% | 37.6% | ||
| Q2 25 | 0.0% | 124.0% | ||
| Q1 25 | 0.0% | 114.2% | ||
| Q4 24 | 0.0% | 131.5% | ||
| Q3 24 | 0.0% | 77.0% | ||
| Q2 24 | 0.0% | 0.9% |
现金转化率APLSSEI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 4.35× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 4.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.04× |
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% |
SEI
| Leasing revenue | $105.4M | 54% |
| Service revenue | $90.9M | 46% |
