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ATN International, Inc.（ATNI）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Ultragenyx Pharmaceutical Inc.的季度营收约是ATN International, Inc.的1.2倍（$207.3M vs $169.1M），ATN International, Inc.净利率更高（-4.0% vs -62.0%，领先58.0%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 1.2%），ATN International, Inc.自由现金流更多（$7.1M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs -1.1%）
ATN International是一家上市电信企业，总部位于美国马萨诸塞州贝弗利，前身为大西洋电信网络公司。该公司运营数字无线、固线通信网络，以及地面和海底光纤网络，服务于地理分散、地形复杂的市场，覆盖美国的平原、沙漠与山区等区域。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
ATNI vs RARE — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $169.1M | $207.3M |
| 净利润 | $-6.8M | $-128.6M |
| 毛利率 | — | — |
| 营业利润率 | 9.3% | -54.7% |
| 净利率 | -4.0% | -62.0% |
| 营收同比 | 1.2% | 25.9% |
| 净利润同比 | -261.7% | 3.5% |
| 每股收益（稀释后） | $-0.31 | $-1.28 |
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
| Q4 25 | $169.1M | $207.3M | ||
| Q3 25 | $166.9M | $159.9M | ||
| Q2 25 | $166.5M | $166.5M | ||
| Q1 25 | $164.6M | $139.3M | ||
| Q4 24 | $167.1M | $164.6M | ||
| Q3 24 | $164.6M | $139.5M | ||
| Q2 24 | $169.4M | $147.0M | ||
| Q1 24 | $172.9M | $108.8M |
| Q4 25 | $-6.8M | $-128.6M | ||
| Q3 25 | $3.9M | $-180.4M | ||
| Q2 25 | $-9.3M | $-115.0M | ||
| Q1 25 | $-11.4M | $-151.1M | ||
| Q4 24 | $4.2M | $-133.2M | ||
| Q3 24 | $-39.5M | $-133.5M | ||
| Q2 24 | $11.3M | $-131.6M | ||
| Q1 24 | $-7.9M | $-170.7M |
| Q4 25 | 9.3% | -54.7% | ||
| Q3 25 | 5.9% | -106.9% | ||
| Q2 25 | 0.1% | -64.8% | ||
| Q1 25 | 1.6% | -102.6% | ||
| Q4 24 | 5.2% | -74.3% | ||
| Q3 24 | -23.3% | -94.6% | ||
| Q2 24 | 14.4% | -79.1% | ||
| Q1 24 | 2.6% | -151.9% |
| Q4 25 | -4.0% | -62.0% | ||
| Q3 25 | 2.4% | -112.8% | ||
| Q2 25 | -5.6% | -69.0% | ||
| Q1 25 | -6.9% | -108.5% | ||
| Q4 24 | 2.5% | -80.9% | ||
| Q3 24 | -24.0% | -95.7% | ||
| Q2 24 | 6.7% | -89.5% | ||
| Q1 24 | -4.6% | -156.8% |
| Q4 25 | $-0.31 | $-1.28 | ||
| Q3 25 | $0.18 | $-1.81 | ||
| Q2 25 | $-0.56 | $-1.17 | ||
| Q1 25 | $-0.69 | $-1.57 | ||
| Q4 24 | $0.16 | $-1.34 | ||
| Q3 24 | $-2.26 | $-1.40 | ||
| Q2 24 | $0.50 | $-1.52 | ||
| Q1 24 | $-0.50 | $-2.03 |
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 | $102.9M | $421.0M |
| 总债务越低越好 | $565.2M | — |
| 股东权益账面价值 | $444.3M | $-80.0M |
| 总资产 | $1.7B | $1.5B |
| 负债/权益比越低杠杆越低 | 1.27× | — |
8季度趋势，按日历期对齐
| Q4 25 | $102.9M | $421.0M | ||
| Q3 25 | $106.6M | $202.5M | ||
| Q2 25 | $99.4M | $176.3M | ||
| Q1 25 | $83.8M | $127.1M | ||
| Q4 24 | $73.7M | $174.0M | ||
| Q3 24 | $101.0M | $150.6M | ||
| Q2 24 | $59.2M | $480.7M | ||
| Q1 24 | $56.8M | $112.3M |
| Q4 25 | $565.2M | — | ||
| Q3 25 | $579.6M | — | ||
| Q2 25 | $583.4M | — | ||
| Q1 25 | $562.4M | — | ||
| Q4 24 | $557.4M | — | ||
| Q3 24 | $568.9M | — | ||
| Q2 24 | $540.8M | — | ||
| Q1 24 | $541.3M | — |
| Q4 25 | $444.3M | $-80.0M | ||
| Q3 25 | $452.3M | $9.2M | ||
| Q2 25 | $458.7M | $151.3M | ||
| Q1 25 | $473.3M | $144.2M | ||
| Q4 24 | $489.5M | $255.0M | ||
| Q3 24 | $490.8M | $346.8M | ||
| Q2 24 | $526.8M | $432.4M | ||
| Q1 24 | $530.0M | $140.3M |
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.8B | $1.3B |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.02× | — |
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 | $36.2M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $7.1M | $-100.8M |
| 自由现金流率自由现金流/营收 | 4.2% | -48.6% |
| 资本支出强度资本支出/营收 | 17.2% | 0.5% |
| 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 | $43.9M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $36.2M | $-99.8M | ||
| Q3 25 | $37.8M | $-91.4M | ||
| Q2 25 | $23.9M | $-108.3M | ||
| Q1 25 | $35.9M | $-166.5M | ||
| Q4 24 | $30.5M | $-79.3M | ||
| Q3 24 | $39.0M | $-67.0M | ||
| Q2 24 | $35.2M | $-77.0M | ||
| Q1 24 | $23.2M | $-190.7M |
| Q4 25 | $7.1M | $-100.8M | ||
| Q3 25 | $18.9M | $-92.7M | ||
| Q2 25 | $2.8M | $-110.7M | ||
| Q1 25 | $15.1M | $-167.8M | ||
| Q4 24 | $5.8M | $-79.5M | ||
| Q3 24 | $15.2M | $-68.6M | ||
| Q2 24 | $9.4M | $-79.0M | ||
| Q1 24 | $-12.8M | $-193.9M |
| Q4 25 | 4.2% | -48.6% | ||
| Q3 25 | 11.3% | -58.0% | ||
| Q2 25 | 1.7% | -66.5% | ||
| Q1 25 | 9.2% | -120.5% | ||
| Q4 24 | 3.5% | -48.3% | ||
| Q3 24 | 9.2% | -49.2% | ||
| Q2 24 | 5.6% | -53.7% | ||
| Q1 24 | -7.4% | -178.2% |
| Q4 25 | 17.2% | 0.5% | ||
| Q3 25 | 11.3% | 0.8% | ||
| Q2 25 | 12.7% | 1.5% | ||
| Q1 25 | 12.7% | 1.0% | ||
| Q4 24 | 14.8% | 0.1% | ||
| Q3 24 | 14.5% | 1.2% | ||
| Q2 24 | 15.2% | 1.4% | ||
| Q1 24 | 20.8% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 9.62× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 7.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.11× | — | ||
| 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
ATNI
| Us Telecommunications | $86.9M | 51% |
| Fixed Consumer | $42.8M | 25% |
| Fixed Business | $18.5M | 11% |
| Transferred At Point In Time | $7.2M | 4% |
| Mobility Business | $5.3M | 3% |
| Other Revenue | $4.2M | 2% |
| Other Communication Services | $3.2M | 2% |
| Managed Services | $1.2M | 1% |
| Construction Services | $448.0K | 0% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
