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Apellis Pharmaceuticals, Inc.（APLS）与W&T OFFSHORE INC（WTI）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W&T OFFSHORE INC的1.6倍（$199.9M vs $121.7M），W&T OFFSHORE INC净利率更高（-22.3% vs -29.5%，领先7.2%），W&T OFFSHORE INC同比增速更快（1.1% vs -5.9%），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -7.0%）
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。
爱迪生舒斯特近海服务公司（ECO）1960年以爱迪生舒斯特船舶租赁业务起家，是总部位于美国路易斯安那州卡托夫的海运家族企业集团。公司旗下拥有并运营多种船舶船队，涵盖平台供应船、海底作业船、锚作拖船、溢油应急船、增产作业船等，另有独立所属的科考船与破冰船船队。
APLS vs WTI — 直观对比
营收规模更大
APLS
是对方的1.6倍
$121.7M
营收增速更快
WTI
高出7.1%
-5.9%
净利率更高
WTI
高出7.2%
-29.5%
两年增速更快
APLS
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $121.7M |
| 净利润 | $-59.0M | $-27.1M |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | -15.7% |
| 净利率 | -29.5% | -22.3% |
| 营收同比 | -5.9% | 1.1% |
| 净利润同比 | -62.2% | -16.1% |
| 每股收益（稀释后） | $-0.40 | $-0.18 |
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APLSWTI
| Q4 25 | $199.9M | $121.7M | ||
| Q3 25 | $458.6M | $127.5M | ||
| Q2 25 | $178.5M | $122.4M | ||
| Q1 25 | $166.8M | $129.9M | ||
| Q4 24 | $212.5M | $120.3M | ||
| Q3 24 | $196.8M | $121.4M | ||
| Q2 24 | $199.7M | $142.8M | ||
| Q1 24 | $172.3M | $140.8M |
净利润APLSWTI
| Q4 25 | $-59.0M | $-27.1M | ||
| Q3 25 | $215.7M | $-71.5M | ||
| Q2 25 | $-42.2M | $-20.9M | ||
| Q1 25 | $-92.2M | $-30.6M | ||
| Q4 24 | $-36.4M | $-23.4M | ||
| Q3 24 | $-57.4M | $-36.9M | ||
| Q2 24 | $-37.7M | $-15.4M | ||
| Q1 24 | $-66.4M | $-11.5M |
营业利润率APLSWTI
| Q4 25 | -25.6% | -15.7% | ||
| Q3 25 | 48.7% | -9.9% | ||
| Q2 25 | -18.6% | -10.5% | ||
| Q1 25 | -50.0% | -6.3% | ||
| Q4 24 | -12.3% | -14.1% | ||
| Q3 24 | -24.0% | -15.6% | ||
| Q2 24 | -14.7% | -4.4% | ||
| Q1 24 | -36.0% | -0.0% |
净利率APLSWTI
| Q4 25 | -29.5% | -22.3% | ||
| Q3 25 | 47.0% | -56.1% | ||
| Q2 25 | -23.6% | -17.1% | ||
| Q1 25 | -55.3% | -23.5% | ||
| Q4 24 | -17.1% | -19.4% | ||
| Q3 24 | -29.2% | -30.4% | ||
| Q2 24 | -18.9% | -10.8% | ||
| Q1 24 | -38.5% | -8.1% |
每股收益（稀释后）APLSWTI
| Q4 25 | $-0.40 | $-0.18 | ||
| Q3 25 | $1.67 | $-0.48 | ||
| Q2 25 | $-0.33 | $-0.14 | ||
| Q1 25 | $-0.74 | $-0.21 | ||
| Q4 24 | $-0.30 | $-0.16 | ||
| Q3 24 | $-0.46 | $-0.25 | ||
| Q2 24 | $-0.30 | $-0.10 | ||
| Q1 24 | $-0.54 | $-0.08 |
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 | $140.6M |
| 总债务越低越好 | — | $350.8M |
| 股东权益账面价值 | $370.1M | $-199.8M |
| 总资产 | $1.1B | $955.8M |
| 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APLSWTI
| Q4 25 | $466.2M | $140.6M | ||
| Q3 25 | $479.2M | $124.8M | ||
| Q2 25 | $370.0M | $120.7M | ||
| Q1 25 | $358.4M | $105.9M | ||
| Q4 24 | $411.3M | $109.0M | ||
| Q3 24 | $396.9M | $126.5M | ||
| Q2 24 | $360.1M | $123.4M | ||
| Q1 24 | $325.9M | $94.8M |
总债务APLSWTI
| Q4 25 | — | $350.8M | ||
| Q3 25 | — | $350.4M | ||
| Q2 25 | — | $350.1M | ||
| Q1 25 | — | $350.0M | ||
| Q4 24 | — | $393.2M | ||
| Q3 24 | — | $392.6M | ||
| Q2 24 | — | $391.9M | ||
| Q1 24 | $93.1M | $391.2M |
股东权益APLSWTI
| Q4 25 | $370.1M | $-199.8M | ||
| Q3 25 | $401.2M | $-172.5M | ||
| Q2 25 | $156.3M | $-102.7M | ||
| Q1 25 | $164.2M | $-82.8M | ||
| Q4 24 | $228.5M | $-52.6M | ||
| Q3 24 | $237.1M | $-31.5M | ||
| Q2 24 | $264.3M | $5.0M | ||
| Q1 24 | $266.7M | $20.8M |
总资产APLSWTI
| Q4 25 | $1.1B | $955.8M | ||
| Q3 25 | $1.1B | $960.6M | ||
| Q2 25 | $821.4M | $1.0B | ||
| Q1 25 | $807.3M | $1.0B | ||
| Q4 24 | $885.1M | $1.1B | ||
| Q3 24 | $901.9M | $1.1B | ||
| Q2 24 | $904.5M | $1.1B | ||
| Q1 24 | $831.9M | $1.1B |
负债/权益比APLSWTI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 78.30× | ||
| Q1 24 | 0.35× | 18.85× |
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 | $25.9M |
| 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% | — |
| 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APLSWTI
| Q4 25 | $-14.2M | $25.9M | ||
| Q3 25 | $108.5M | $26.5M | ||
| Q2 25 | $4.4M | $28.0M | ||
| Q1 25 | $-53.4M | $-3.2M | ||
| Q4 24 | $19.4M | $-4.3M | ||
| Q3 24 | $34.1M | $14.8M | ||
| Q2 24 | $-8.3M | $37.4M | ||
| Q1 24 | $-133.0M | $11.6M |
自由现金流APLSWTI
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $108.3M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | — | ||
| Q1 24 | $-133.3M | — |
自由现金流率APLSWTI
| Q4 25 | -7.1% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -32.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | — | ||
| Q1 24 | -77.3% | — |
资本支出强度APLSWTI
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
现金转化率APLSWTI
| 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% |
WTI
| Oil And Condensate | $76.0M | 62% |
| Natural Gas Production | $36.6M | 30% |
| Natural Gas Liquids Reserves | $6.9M | 6% |
| Other | $2.2M | 2% |
