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Concrete Pumping Holdings, Inc.（BBCP）与Vericel Corp（VCEL）财务数据对比。点击上方公司名可切换其他公司
Concrete Pumping Holdings, Inc.的季度营收约是Vericel Corp的1.1倍（$98.9M vs $92.9M），Vericel Corp净利率更高（25.0% vs 5.4%，领先19.6%），Vericel Corp同比增速更快（23.3% vs -3.2%），Vericel Corp自由现金流更多（$12.8M vs $1.9M），过去两年Vericel Corp的营收复合增速更高（34.6% vs 4.8%）
Concrete Pumping Holdings, Inc.是领先的混凝土泵送服务及相关设备租赁供应商，主要面向美国和英国市场，业务覆盖基础设施建设、商业地产开发、住宅建造等核心建筑领域，为各类项目提供高效安全的混凝土输送解决方案。
Vericel Corp是一家美国上市生物制药企业，前身为1989年在密歇根州安娜堡成立的Aastrom Bio，2014年10月正式更为现名，专注于生物制药相关领域的研发与商业化运营。
BBCP vs VCEL — 直观对比
营收规模更大
BBCP
是对方的1.1倍
$92.9M
营收增速更快
VCEL
高出26.4%
-3.2%
净利率更高
VCEL
高出19.6%
5.4%
自由现金流更多
VCEL
多$10.9M
$1.9M
两年增速更快
VCEL
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $98.9M | $92.9M |
| 净利润 | $5.3M | $23.2M |
| 毛利率 | 43.8% | 78.7% |
| 营业利润率 | 17.0% | 24.1% |
| 净利率 | 5.4% | 25.0% |
| 营收同比 | -3.2% | 23.3% |
| 净利润同比 | -43.6% | 17.3% |
| 每股收益（稀释后） | $0.09 | $0.46 |
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BBCPVCEL
| Q4 25 | $98.9M | $92.9M | ||
| Q3 25 | $94.2M | $67.5M | ||
| Q2 25 | $85.2M | $63.2M | ||
| Q1 25 | $78.0M | $52.6M | ||
| Q4 24 | $102.1M | $75.4M | ||
| Q3 24 | $100.6M | $57.9M | ||
| Q2 24 | $98.7M | $52.7M | ||
| Q1 24 | $90.0M | $51.3M |
净利润BBCPVCEL
| Q4 25 | $5.3M | $23.2M | ||
| Q3 25 | $3.7M | $5.1M | ||
| Q2 25 | $-4.0K | $-553.0K | ||
| Q1 25 | $-2.6M | $-11.2M | ||
| Q4 24 | $9.4M | $19.8M | ||
| Q3 24 | $7.6M | $-901.0K | ||
| Q2 24 | $3.0M | $-4.7M | ||
| Q1 24 | $-3.8M | $-3.9M |
毛利率BBCPVCEL
| Q4 25 | 43.8% | 78.7% | ||
| Q3 25 | 42.9% | 73.5% | ||
| Q2 25 | 42.5% | 73.7% | ||
| Q1 25 | 40.0% | 69.0% | ||
| Q4 24 | 45.3% | 77.6% | ||
| Q3 24 | 44.3% | 71.9% | ||
| Q2 24 | 42.3% | 69.5% | ||
| Q1 24 | 37.0% | 68.9% |
营业利润率BBCPVCEL
| Q4 25 | 17.0% | 24.1% | ||
| Q3 25 | 13.7% | 5.1% | ||
| Q2 25 | 9.7% | -3.2% | ||
| Q1 25 | 4.5% | -24.3% | ||
| Q4 24 | 18.8% | 24.5% | ||
| Q3 24 | 16.5% | -4.3% | ||
| Q2 24 | 12.2% | -11.5% | ||
| Q1 24 | 1.6% | -10.7% |
净利率BBCPVCEL
| Q4 25 | 5.4% | 25.0% | ||
| Q3 25 | 3.9% | 7.5% | ||
| Q2 25 | -0.0% | -0.9% | ||
| Q1 25 | -3.4% | -21.4% | ||
| Q4 24 | 9.2% | 26.3% | ||
| Q3 24 | 7.5% | -1.6% | ||
| Q2 24 | 3.1% | -8.9% | ||
| Q1 24 | -4.3% | -7.5% |
每股收益（稀释后）BBCPVCEL
| Q4 25 | $0.09 | $0.46 | ||
| Q3 25 | $0.07 | $0.10 | ||
| Q2 25 | $-0.01 | $-0.01 | ||
| Q1 25 | $-0.06 | $-0.23 | ||
| Q4 24 | $0.16 | $0.40 | ||
| Q3 24 | $0.13 | $-0.02 | ||
| Q2 24 | $0.05 | $-0.10 | ||
| Q1 24 | $-0.08 | $-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 | $44.4M | $137.5M |
| 总债务越低越好 | $417.9M | — |
| 股东权益账面价值 | $264.8M | $354.6M |
| 总资产 | $879.5M | $488.0M |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资BBCPVCEL
| Q4 25 | $44.4M | $137.5M | ||
| Q3 25 | $41.0M | $135.4M | ||
| Q2 25 | $37.8M | $116.9M | ||
| Q1 25 | $85.1M | $112.9M | ||
| Q4 24 | $43.0M | $116.2M | ||
| Q3 24 | $26.3M | $101.7M | ||
| Q2 24 | $18.0M | $102.5M | ||
| Q1 24 | $14.7M | $110.6M |
总债务BBCPVCEL
| Q4 25 | $417.9M | — | ||
| Q3 25 | $417.6M | — | ||
| Q2 25 | $417.3M | — | ||
| Q1 25 | $417.1M | — | ||
| Q4 24 | $373.3M | — | ||
| Q3 24 | $372.9M | — | ||
| Q2 24 | $372.6M | — | ||
| Q1 24 | $372.2M | — |
股东权益BBCPVCEL
| Q4 25 | $264.8M | $354.6M | ||
| Q3 25 | $261.3M | $321.9M | ||
| Q2 25 | $261.8M | $306.8M | ||
| Q1 25 | $260.7M | $295.5M | ||
| Q4 24 | $321.7M | $292.0M | ||
| Q3 24 | $314.7M | $257.5M | ||
| Q2 24 | $308.3M | $243.0M | ||
| Q1 24 | $307.9M | $233.9M |
总资产BBCPVCEL
| Q4 25 | $879.5M | $488.0M | ||
| Q3 25 | $886.0M | $453.3M | ||
| Q2 25 | $878.8M | $435.6M | ||
| Q1 25 | $912.9M | $424.6M | ||
| Q4 24 | $898.0M | $432.7M | ||
| Q3 24 | $890.8M | $390.4M | ||
| Q2 24 | $894.7M | $376.8M | ||
| Q1 24 | $894.8M | $356.7M |
负债/权益比BBCPVCEL
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 1.59× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.21× | — |
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 | $14.5M | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $1.9M | $12.8M |
| 自由现金流率自由现金流/营收 | 1.9% | 13.8% |
| 资本支出强度资本支出/营收 | 12.7% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.72× | 0.65× |
| 过去12个月自由现金流最近4个季度 | $17.5M | $24.7M |
8季度趋势，按日历期对齐
经营现金流BBCPVCEL
| Q4 25 | $14.5M | $15.0M | ||
| Q3 25 | $19.1M | $22.1M | ||
| Q2 25 | $24.7M | $8.2M | ||
| Q1 25 | $6.0M | $6.6M | ||
| Q4 24 | $22.4M | $22.2M | ||
| Q3 24 | $35.0M | $10.2M | ||
| Q2 24 | $9.1M | $18.5M | ||
| Q1 24 | $20.3M | $7.2M |
自由现金流BBCPVCEL
| Q4 25 | $1.9M | $12.8M | ||
| Q3 25 | $4.3M | $19.5M | ||
| Q2 25 | $11.1M | $81.0K | ||
| Q1 25 | $191.0K | $-7.6M | ||
| Q4 24 | $16.1M | $8.5M | ||
| Q3 24 | $26.4M | $-9.2M | ||
| Q2 24 | $-1.9M | $1.8M | ||
| Q1 24 | $2.5M | $-6.8M |
自由现金流率BBCPVCEL
| Q4 25 | 1.9% | 13.8% | ||
| Q3 25 | 4.6% | 28.8% | ||
| Q2 25 | 13.0% | 0.1% | ||
| Q1 25 | 0.2% | -14.5% | ||
| Q4 24 | 15.8% | 11.2% | ||
| Q3 24 | 26.2% | -15.9% | ||
| Q2 24 | -1.9% | 3.4% | ||
| Q1 24 | 2.8% | -13.3% |
资本支出强度BBCPVCEL
| Q4 25 | 12.7% | 2.4% | ||
| Q3 25 | 15.7% | 3.9% | ||
| Q2 25 | 16.0% | 12.9% | ||
| Q1 25 | 7.5% | 27.0% | ||
| Q4 24 | 6.2% | 18.3% | ||
| Q3 24 | 8.6% | 33.5% | ||
| Q2 24 | 11.2% | 31.8% | ||
| Q1 24 | 19.7% | 27.3% |
现金转化率BBCPVCEL
| Q4 25 | 2.72× | 0.65× | ||
| Q3 25 | 5.16× | 4.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.38× | 1.12× | ||
| Q3 24 | 4.63× | — | ||
| Q2 24 | 3.00× | — | ||
| 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
BBCP
| US Concrete Pumping | $72.2M | 73% |
| US Concrete Waste Management Services | $21.3M | 22% |
| Other | $5.4M | 5% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
