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Assertio Holdings, Inc.（ASRT）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
Assertio Holdings, Inc.的季度营收约是Velo3D, Inc.的1.4倍（$13.5M vs $9.4M），Velo3D, Inc.同比增速更快（-25.2% vs -57.9%），过去两年Velo3D, Inc.的营收复合增速更高（-1.8% vs -35.4%）
Assertio Therapeutics是一家美国专业制药企业，主要聚焦神经病学、疼痛以及中枢神经系统疾病领域的产品销售与推广。公司前身Depomed成立于1995年，总部位于加利福尼亚州纽瓦克，拥有多款获美国FDA批准的产品，目前在纳斯达克上市。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
ASRT vs VELO — 直观对比
营收规模更大
ASRT
是对方的1.4倍
$9.4M
营收增速更快
VELO
高出32.7%
-57.9%
两年增速更快
VELO
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $9.4M |
| 净利润 | — | $-21.9M |
| 毛利率 | — | -73.6% |
| 营业利润率 | -86.7% | -231.0% |
| 净利率 | — | -231.9% |
| 营收同比 | -57.9% | -25.2% |
| 净利润同比 | — | -2.9% |
| 每股收益（稀释后） | $-4.54 | $-0.87 |
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ASRTVELO
| Q4 25 | $13.5M | $9.4M | ||
| Q3 25 | $49.5M | $13.6M | ||
| Q2 25 | $29.2M | $13.6M | ||
| Q1 25 | $26.5M | $9.3M | ||
| Q4 24 | $32.2M | $12.6M | ||
| Q3 24 | $29.2M | $8.2M | ||
| Q2 24 | $31.1M | $10.3M | ||
| Q1 24 | $32.4M | $9.8M |
净利润ASRTVELO
| Q4 25 | — | $-21.9M | ||
| Q3 25 | $11.4M | $-11.2M | ||
| Q2 25 | $-16.4M | $-13.3M | ||
| Q1 25 | $-13.5M | $-25.0M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | $-2.9M | $-21.9M | ||
| Q2 24 | $-3.7M | $935.0K | ||
| Q1 24 | $-4.5M | $-27.5M |
毛利率ASRTVELO
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率ASRTVELO
| Q4 25 | -86.7% | -231.0% | ||
| Q3 25 | 23.2% | -73.3% | ||
| Q2 25 | -27.5% | -85.4% | ||
| Q1 25 | -50.0% | -123.6% | ||
| Q4 24 | -41.9% | -167.0% | ||
| Q3 24 | -10.4% | -213.8% | ||
| Q2 24 | -11.6% | -187.7% | ||
| Q1 24 | -13.4% | -211.1% |
净利率ASRTVELO
| Q4 25 | — | -231.9% | ||
| Q3 25 | 23.1% | -82.0% | ||
| Q2 25 | -56.0% | -97.7% | ||
| Q1 25 | -51.1% | -268.4% | ||
| Q4 24 | — | -168.5% | ||
| Q3 24 | -10.0% | -265.3% | ||
| Q2 24 | -11.8% | 9.0% | ||
| Q1 24 | -13.9% | -281.2% |
每股收益（稀释后）ASRTVELO
| Q4 25 | $-4.54 | $-0.87 | ||
| Q3 25 | $0.11 | $-0.65 | ||
| Q2 25 | $-0.17 | $-0.94 | ||
| Q1 25 | $-0.14 | $-1.87 | ||
| Q4 24 | $-3.28 | $7.06 | ||
| Q3 24 | $-0.03 | $-35.52 | ||
| Q2 24 | $-0.04 | $1.65 | ||
| Q1 24 | $-0.05 | $-55.51 |
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 | $63.4M | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $94.0M | $38.2M |
| 总资产 | $267.0M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资ASRTVELO
| Q4 25 | $63.4M | $39.0M | ||
| Q3 25 | $93.4M | $11.8M | ||
| Q2 25 | $98.2M | $854.0K | ||
| Q1 25 | $87.3M | $3.9M | ||
| Q4 24 | $100.1M | $1.2M | ||
| Q3 24 | $88.6M | $1.6M | ||
| Q2 24 | $88.4M | $3.2M | ||
| Q1 24 | $80.7M | $10.9M |
总债务ASRTVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | $38.6M | $44.0M |
股东权益ASRTVELO
| Q4 25 | $94.0M | $38.2M | ||
| Q3 25 | $105.8M | $29.9M | ||
| Q2 25 | $93.3M | $21.4M | ||
| Q1 25 | $108.5M | $32.8M | ||
| Q4 24 | $121.1M | $39.7M | ||
| Q3 24 | $130.5M | $34.4M | ||
| Q2 24 | $132.2M | $52.1M | ||
| Q1 24 | $134.5M | $45.5M |
总资产ASRTVELO
| Q4 25 | $267.0M | $105.3M | ||
| Q3 25 | $319.8M | $93.7M | ||
| Q2 25 | $273.8M | $78.4M | ||
| Q1 25 | $286.4M | $91.3M | ||
| Q4 24 | $284.7M | $89.2M | ||
| Q3 24 | $276.0M | $110.8M | ||
| Q2 24 | $279.4M | $116.7M | ||
| Q1 24 | $282.0M | $136.1M |
负债/权益比ASRTVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | 0.29× | 0.97× |
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 | $-30.0M | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.3M |
| 自由现金流率自由现金流/营收 | — | -88.3% |
| 资本支出强度资本支出/营收 | — | 6.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ASRTVELO
| Q4 25 | $-30.0M | $-7.7M | ||
| Q3 25 | $-4.8M | $-6.0M | ||
| Q2 25 | $19.1M | $-1.2M | ||
| Q1 25 | $-12.5M | $-12.3M | ||
| Q4 24 | $11.5M | $-2.2M | ||
| Q3 24 | $-35.0K | $-2.0M | ||
| Q2 24 | $7.4M | $-8.0M | ||
| Q1 24 | $7.5M | $-20.5M |
自由现金流ASRTVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流率ASRTVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
资本支出强度ASRTVELO
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率ASRTVELO
| Q4 25 | — | — | ||
| Q3 25 | -0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| 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
ASRT
| Products | $12.8M | 95% |
| Other | $719.0K | 5% |
VELO
暂无分部数据
