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Apellis Pharmaceuticals, Inc.（APLS）与新思科技（SYNA）财务数据对比。点击上方公司名可切换其他公司
新思科技的季度营收约是Apellis Pharmaceuticals, Inc.的1.5倍（$302.5M vs $199.9M），新思科技净利率更高（-4.9% vs -29.5%，领先24.6%），新思科技同比增速更快（13.2% vs -5.9%），新思科技自由现金流更多（$18.2M vs $-14.3M），过去两年新思科技的营收复合增速更高（12.9% 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。
新思科技是总部位于美国加利福尼亚州圣何塞的人机交互技术解决方案提供商，专注于研发神经网络技术与人机交互设备。其产品覆盖笔记本电脑触控板、指纹识别技术，智能手机触控方案、显示驱动及指纹生物识别技术，同时为智能家居、可穿戴设备、汽车领域提供触控、视频远场语音、低功耗AI处理器及无线技术方案，产品面向全球OEM客户供应。
APLS vs SYNA — 直观对比
营收规模更大
SYNA
是对方的1.5倍
$199.9M
营收增速更快
SYNA
高出19.1%
-5.9%
净利率更高
SYNA
高出24.6%
-29.5%
自由现金流更多
SYNA
多$32.5M
$-14.3M
两年增速更快
SYNA
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $302.5M |
| 净利润 | $-59.0M | $-14.8M |
| 毛利率 | — | 43.5% |
| 营业利润率 | -25.6% | -5.0% |
| 净利率 | -29.5% | -4.9% |
| 营收同比 | -5.9% | 13.2% |
| 净利润同比 | -62.2% | -922.2% |
| 每股收益（稀释后） | $-0.40 | $-0.38 |
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APLSSYNA
| Q4 25 | $199.9M | $302.5M | ||
| Q3 25 | $458.6M | $292.5M | ||
| Q2 25 | $178.5M | $282.8M | ||
| Q1 25 | $166.8M | $266.6M | ||
| Q4 24 | $212.5M | $267.2M | ||
| Q3 24 | $196.8M | $257.7M | ||
| Q2 24 | $199.7M | $247.4M | ||
| Q1 24 | $172.3M | $237.3M |
净利润APLSSYNA
| Q4 25 | $-59.0M | $-14.8M | ||
| Q3 25 | $215.7M | $-20.6M | ||
| Q2 25 | $-42.2M | $-4.7M | ||
| Q1 25 | $-92.2M | $-21.8M | ||
| Q4 24 | $-36.4M | $1.8M | ||
| Q3 24 | $-57.4M | $-23.1M | ||
| Q2 24 | $-37.7M | $208.3M | ||
| Q1 24 | $-66.4M | $-18.1M |
毛利率APLSSYNA
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 42.6% | ||
| Q2 25 | — | 43.0% | ||
| Q1 25 | — | 43.4% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | — | 46.9% | ||
| Q2 24 | — | 45.8% | ||
| Q1 24 | — | 46.5% |
营业利润率APLSSYNA
| Q4 25 | -25.6% | -5.0% | ||
| Q3 25 | 48.7% | -7.9% | ||
| Q2 25 | -18.6% | -8.6% | ||
| Q1 25 | -50.0% | -9.9% | ||
| Q4 24 | -12.3% | -5.7% | ||
| Q3 24 | -24.0% | -11.0% | ||
| Q2 24 | -14.7% | -12.6% | ||
| Q1 24 | -36.0% | -7.3% |
净利率APLSSYNA
| Q4 25 | -29.5% | -4.9% | ||
| Q3 25 | 47.0% | -7.0% | ||
| Q2 25 | -23.6% | -1.7% | ||
| Q1 25 | -55.3% | -8.2% | ||
| Q4 24 | -17.1% | 0.7% | ||
| Q3 24 | -29.2% | -9.0% | ||
| Q2 24 | -18.9% | 84.2% | ||
| Q1 24 | -38.5% | -7.6% |
每股收益（稀释后）APLSSYNA
| Q4 25 | $-0.40 | $-0.38 | ||
| Q3 25 | $1.67 | $-0.53 | ||
| Q2 25 | $-0.33 | $-0.13 | ||
| Q1 25 | $-0.74 | $-0.56 | ||
| Q4 24 | $-0.30 | $0.05 | ||
| Q3 24 | $-0.46 | $-0.58 | ||
| Q2 24 | $-0.30 | $5.28 | ||
| Q1 24 | $-0.54 | $-0.46 |
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 | $437.4M |
| 总债务越低越好 | — | $836.0M |
| 股东权益账面价值 | $370.1M | $1.4B |
| 总资产 | $1.1B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资APLSSYNA
| Q4 25 | $466.2M | $437.4M | ||
| Q3 25 | $479.2M | $459.9M | ||
| Q2 25 | $370.0M | $452.5M | ||
| Q1 25 | $358.4M | $421.4M | ||
| Q4 24 | $411.3M | $596.1M | ||
| Q3 24 | $396.9M | $853.6M | ||
| Q2 24 | $360.1M | $876.9M | ||
| Q1 24 | $325.9M | $828.6M |
总债务APLSSYNA
| Q4 25 | — | $836.0M | ||
| Q3 25 | — | $835.4M | ||
| Q2 25 | — | $834.8M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $832.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $983.5M | ||
| Q1 24 | $93.1M | — |
股东权益APLSSYNA
| Q4 25 | $370.1M | $1.4B | ||
| Q3 25 | $401.2M | $1.4B | ||
| Q2 25 | $156.3M | $1.4B | ||
| Q1 25 | $164.2M | $1.4B | ||
| Q4 24 | $228.5M | $1.4B | ||
| Q3 24 | $237.1M | $1.5B | ||
| Q2 24 | $264.3M | $1.5B | ||
| Q1 24 | $266.7M | $1.2B |
总资产APLSSYNA
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $821.4M | $2.6B | ||
| Q1 25 | $807.3M | $2.6B | ||
| Q4 24 | $885.1M | $2.5B | ||
| Q3 24 | $901.9M | $2.8B | ||
| Q2 24 | $904.5M | $2.8B | ||
| Q1 24 | $831.9M | $2.5B |
负债/权益比APLSSYNA
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.67× | ||
| 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 | $29.8M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | $18.2M |
| 自由现金流率自由现金流/营收 | -7.1% | 6.0% |
| 资本支出强度资本支出/营收 | 0.1% | 3.8% |
| 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 | $154.8M |
8季度趋势，按日历期对齐
经营现金流APLSSYNA
| Q4 25 | $-14.2M | $29.8M | ||
| Q3 25 | $108.5M | $30.2M | ||
| Q2 25 | $4.4M | $57.2M | ||
| Q1 25 | $-53.4M | $73.4M | ||
| Q4 24 | $19.4M | $22.8M | ||
| Q3 24 | $34.1M | $-11.4M | ||
| Q2 24 | $-8.3M | $65.0M | ||
| Q1 24 | $-133.0M | $-13.7M |
自由现金流APLSSYNA
| Q4 25 | $-14.3M | $18.2M | ||
| Q3 25 | $108.3M | $18.0M | ||
| Q2 25 | $4.4M | $50.6M | ||
| Q1 25 | $-53.4M | $68.0M | ||
| Q4 24 | $19.3M | $18.1M | ||
| Q3 24 | — | $-20.5M | ||
| Q2 24 | $-8.4M | $57.3M | ||
| Q1 24 | $-133.3M | $-22.7M |
自由现金流率APLSSYNA
| Q4 25 | -7.1% | 6.0% | ||
| Q3 25 | 23.6% | 6.2% | ||
| Q2 25 | 2.5% | 17.9% | ||
| Q1 25 | -32.0% | 25.5% | ||
| Q4 24 | 9.1% | 6.8% | ||
| Q3 24 | — | -8.0% | ||
| Q2 24 | -4.2% | 23.2% | ||
| Q1 24 | -77.3% | -9.6% |
资本支出强度APLSSYNA
| Q4 25 | 0.1% | 3.8% | ||
| Q3 25 | 0.0% | 4.2% | ||
| Q2 25 | 0.0% | 2.3% | ||
| Q1 25 | 0.0% | 2.0% | ||
| Q4 24 | 0.0% | 1.8% | ||
| Q3 24 | 0.0% | 3.5% | ||
| Q2 24 | 0.0% | 3.1% | ||
| Q1 24 | 0.2% | 3.8% |
现金转化率APLSSYNA
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.31× | ||
| 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% |
SYNA
| Enterprise And Automotive Product Applications | $161.1M | 53% |
| Internet Of Things Product Applications | $93.2M | 31% |
| Mobile Product Applications | $48.2M | 16% |
