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ASPEN AEROGELS INC（ASPN）与Ceribell, Inc.（CBLL）财务数据对比。点击上方公司名可切换其他公司
ASPEN AEROGELS INC的季度营收约是Ceribell, Inc.的1.7倍（$41.3M vs $24.8M），Ceribell, Inc.净利率更高（-54.6% vs -176.4%，领先121.8%），ASPEN AEROGELS INC自由现金流更多（$13.7M vs $-11.0M）
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
Ceribell, Inc.是一家专注于神经诊断领域的医疗科技企业，主打便携式快速脑电图检测设备，可为急症、重症护理场景提供便捷的癫痫发作监测解决方案，核心市场覆盖北美地区，目前正逐步推进全球化业务布局。
ASPN vs CBLL — 直观对比
营收规模更大
ASPN
是对方的1.7倍
$24.8M
净利率更高
CBLL
高出121.8%
-176.4%
自由现金流更多
ASPN
多$24.6M
$-11.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.3M | $24.8M |
| 净利润 | $-72.9M | $-13.5M |
| 毛利率 | -55.5% | 87.3% |
| 营业利润率 | -170.3% | -58.9% |
| 净利率 | -176.4% | -54.6% |
| 营收同比 | -66.4% | — |
| 净利润同比 | -741.7% | — |
| 每股收益（稀释后） | $-0.87 | $-0.35 |
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ASPNCBLL
| Q4 25 | $41.3M | $24.8M | ||
| Q3 25 | $73.0M | $22.6M | ||
| Q2 25 | $78.0M | $21.2M | ||
| Q1 25 | $78.7M | $20.5M | ||
| Q4 24 | $123.1M | — | ||
| Q3 24 | $117.3M | $17.2M | ||
| Q2 24 | $117.8M | — | ||
| Q1 24 | $94.5M | — |
净利润ASPNCBLL
| Q4 25 | $-72.9M | $-13.5M | ||
| Q3 25 | $-6.3M | $-13.5M | ||
| Q2 25 | $-9.1M | $-13.6M | ||
| Q1 25 | $-301.2M | $-12.8M | ||
| Q4 24 | $11.4M | — | ||
| Q3 24 | $-13.0M | $-10.4M | ||
| Q2 24 | $16.8M | — | ||
| Q1 24 | $-1.8M | — |
毛利率ASPNCBLL
| Q4 25 | -55.5% | 87.3% | ||
| Q3 25 | 28.5% | 88.3% | ||
| Q2 25 | 32.4% | 88.1% | ||
| Q1 25 | 29.0% | 87.9% | ||
| Q4 24 | 38.3% | — | ||
| Q3 24 | 41.8% | 87.3% | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 37.2% | — |
营业利润率ASPNCBLL
| Q4 25 | -170.3% | -58.9% | ||
| Q3 25 | -4.6% | -64.8% | ||
| Q2 25 | -6.6% | -70.5% | ||
| Q1 25 | -380.2% | -69.3% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 14.8% | -57.8% | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | 2.6% | — |
净利率ASPNCBLL
| Q4 25 | -176.4% | -54.6% | ||
| Q3 25 | -8.7% | -59.6% | ||
| Q2 25 | -11.6% | -64.4% | ||
| Q1 25 | -382.7% | -62.4% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | -11.1% | -60.6% | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | -1.9% | — |
每股收益（稀释后）ASPNCBLL
| Q4 25 | $-0.87 | $-0.35 | ||
| Q3 25 | $-0.08 | $-0.37 | ||
| Q2 25 | $-0.11 | $-0.38 | ||
| Q1 25 | $-3.67 | $-0.36 | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $-0.17 | $-1.85 | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $-0.02 | — |
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 | $156.9M | $159.3M |
| 总债务越低越好 | $65.5M | — |
| 股东权益账面价值 | $235.5M | $155.3M |
| 总资产 | $406.7M | $195.8M |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资ASPNCBLL
| Q4 25 | $156.9M | $159.3M | ||
| Q3 25 | $150.7M | $168.5M | ||
| Q2 25 | $167.6M | $177.4M | ||
| Q1 25 | $192.0M | $182.7M | ||
| Q4 24 | $220.9M | — | ||
| Q3 24 | $113.5M | $14.1M | ||
| Q2 24 | $91.4M | — | ||
| Q1 24 | $101.5M | — |
总债务ASPNCBLL
| Q4 25 | $65.5M | — | ||
| Q3 25 | $70.1M | — | ||
| Q2 25 | $77.3M | — | ||
| Q1 25 | $95.4M | — | ||
| Q4 24 | $95.0M | — | ||
| Q3 24 | $93.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASPNCBLL
| Q4 25 | $235.5M | $155.3M | ||
| Q3 25 | $305.7M | $164.1M | ||
| Q2 25 | $308.8M | $172.2M | ||
| Q1 25 | $314.8M | $180.9M | ||
| Q4 24 | $614.7M | — | ||
| Q3 24 | $507.6M | $-136.0M | ||
| Q2 24 | $517.8M | — | ||
| Q1 24 | $491.2M | — |
总资产ASPNCBLL
| Q4 25 | $406.7M | $195.8M | ||
| Q3 25 | $491.4M | $199.5M | ||
| Q2 25 | $525.1M | $207.7M | ||
| Q1 25 | $555.0M | $213.5M | ||
| Q4 24 | $895.1M | — | ||
| Q3 24 | $782.6M | $47.1M | ||
| Q2 24 | $748.6M | — | ||
| Q1 24 | $698.0M | — |
负债/权益比ASPNCBLL
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $16.1M | $-10.8M |
| 自由现金流经营现金流 - 资本支出 | $13.7M | $-11.0M |
| 自由现金流率自由现金流/营收 | 33.1% | -44.2% |
| 资本支出强度资本支出/营收 | 6.0% | 0.7% |
| 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 | $-4.6M | $-41.6M |
8季度趋势，按日历期对齐
经营现金流ASPNCBLL
| Q4 25 | $16.1M | $-10.8M | ||
| Q3 25 | $15.0M | $-11.1M | ||
| Q2 25 | $-3.9M | $-7.5M | ||
| Q1 25 | $5.6M | $-11.4M | ||
| Q4 24 | $35.7M | — | ||
| Q3 24 | $20.8M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $-17.7M | — |
自由现金流ASPNCBLL
| Q4 25 | $13.7M | $-11.0M | ||
| Q3 25 | $5.9M | $-11.5M | ||
| Q2 25 | $-16.8M | $-7.6M | ||
| Q1 25 | $-7.4M | $-11.6M | ||
| Q4 24 | $20.9M | — | ||
| Q3 24 | $-50.0K | — | ||
| Q2 24 | $-18.0M | — | ||
| Q1 24 | $-43.6M | — |
自由现金流率ASPNCBLL
| Q4 25 | 33.1% | -44.2% | ||
| Q3 25 | 8.1% | -50.8% | ||
| Q2 25 | -21.6% | -35.9% | ||
| Q1 25 | -9.4% | -56.4% | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | -0.0% | — | ||
| Q2 24 | -15.3% | — | ||
| Q1 24 | -46.1% | — |
资本支出强度ASPNCBLL
| Q4 25 | 6.0% | 0.7% | ||
| Q3 25 | 12.5% | 1.6% | ||
| Q2 25 | 16.5% | 0.3% | ||
| Q1 25 | 16.5% | 0.7% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 27.4% | — |
现金转化率ASPNCBLL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.41× | — | ||
| 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
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
