vs
California BanCorp \ CA（BCAL）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是California BanCorp \ CA的1.0倍（$47.1M vs $45.9M），California BanCorp \ CA净利率更高（35.8% vs -33.9%，领先69.7%），California BanCorp \ CA同比增速更快（0.8% vs -15.6%），过去两年California BanCorp \ CA的营收复合增速更高（44.7% vs 36.1%）
太平洋第一控股是依据美国1956年银行控股公司法案成立的美国银行控股集团，总部位于加利福尼亚州欧文市。集团核心业务围绕旗下太平洋第一银行展开，为个人、企业及专业人士提供各类金融服务，目前在加州、亚利桑那州、内华达州和华盛顿州开设了多家网点。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
BCAL vs STEM — 直观对比
营收规模更大
STEM
是对方的1.0倍
$45.9M
营收增速更快
BCAL
高出16.3%
-15.6%
净利率更高
BCAL
高出69.7%
-33.9%
两年增速更快
BCAL
近两年复合增速
36.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.9M | $47.1M |
| 净利润 | $16.4M | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | 48.8% | -17.7% |
| 净利率 | 35.8% | -33.9% |
| 营收同比 | 0.8% | -15.6% |
| 净利润同比 | -2.1% | 68.8% |
| 每股收益（稀释后） | $0.50 | $-4.40 |
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BCALSTEM
| Q4 25 | $45.9M | $47.1M | ||
| Q3 25 | $45.2M | $38.2M | ||
| Q2 25 | $44.3M | $38.4M | ||
| Q1 25 | $44.8M | $32.5M | ||
| Q4 24 | $45.5M | $55.8M | ||
| Q3 24 | $38.1M | $29.3M | ||
| Q2 24 | $22.2M | $34.0M | ||
| Q1 24 | $21.9M | $25.5M |
净利润BCALSTEM
| Q4 25 | $16.4M | $-16.0M | ||
| Q3 25 | $15.7M | $-23.8M | ||
| Q2 25 | $14.1M | $202.5M | ||
| Q1 25 | $16.9M | $-25.0M | ||
| Q4 24 | $16.8M | $-51.1M | ||
| Q3 24 | $-16.5M | $-148.3M | ||
| Q2 24 | $190.0K | $-582.3M | ||
| Q1 24 | $4.9M | $-72.3M |
毛利率BCALSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率BCALSTEM
| Q4 25 | 48.8% | -17.7% | ||
| Q3 25 | 48.3% | -33.6% | ||
| Q2 25 | 45.3% | -34.8% | ||
| Q1 25 | 52.8% | -65.0% | ||
| Q4 24 | 52.2% | -84.4% | ||
| Q3 24 | -59.1% | -493.2% | ||
| Q2 24 | 1.3% | -1705.5% | ||
| Q1 24 | 33.1% | -267.0% |
净利率BCALSTEM
| Q4 25 | 35.8% | -33.9% | ||
| Q3 25 | 34.7% | -62.2% | ||
| Q2 25 | 31.8% | 527.8% | ||
| Q1 25 | 37.6% | -76.9% | ||
| Q4 24 | 37.7% | -91.6% | ||
| Q3 24 | -43.2% | -506.3% | ||
| Q2 24 | 0.9% | -1712.6% | ||
| Q1 24 | 22.5% | -283.9% |
每股收益（稀释后）BCALSTEM
| Q4 25 | $0.50 | $-4.40 | ||
| Q3 25 | $0.48 | $-2.84 | ||
| Q2 25 | $0.43 | $-1.79 | ||
| Q1 25 | $0.52 | $-0.15 | ||
| Q4 24 | $0.54 | $-15.29 | ||
| Q3 24 | $-0.59 | $-18.24 | ||
| Q2 24 | $0.01 | $-71.81 | ||
| Q1 24 | $0.26 | $-0.46 |
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 | $399.9M | $48.9M |
| 总债务越低越好 | $33.8M | — |
| 股东权益账面价值 | $576.6M | $-249.4M |
| 总资产 | $4.0B | $308.9M |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资BCALSTEM
| Q4 25 | $399.9M | $48.9M | ||
| Q3 25 | $559.2M | $43.1M | ||
| Q2 25 | $430.1M | $40.8M | ||
| Q1 25 | $439.2M | $58.6M | ||
| Q4 24 | $388.2M | $56.3M | ||
| Q3 24 | $614.4M | $75.4M | ||
| Q2 24 | $104.7M | $89.6M | ||
| Q1 24 | $86.5M | $112.8M |
总债务BCALSTEM
| Q4 25 | $33.8M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $52.9M | — | ||
| Q1 25 | $70.3M | — | ||
| Q4 24 | $69.7M | — | ||
| Q3 24 | $69.1M | — | ||
| Q2 24 | $42.9M | — | ||
| Q1 24 | $44.9M | — |
股东权益BCALSTEM
| Q4 25 | $576.6M | $-249.4M | ||
| Q3 25 | $564.7M | $-235.7M | ||
| Q2 25 | $547.6M | $-214.1M | ||
| Q1 25 | $531.4M | $-417.5M | ||
| Q4 24 | $511.8M | $-398.4M | ||
| Q3 24 | $498.1M | $-344.1M | ||
| Q2 24 | $293.2M | $-203.2M | ||
| Q1 24 | $292.5M | $371.6M |
总资产BCALSTEM
| Q4 25 | $4.0B | $308.9M | ||
| Q3 25 | $4.1B | $362.6M | ||
| Q2 25 | $4.0B | $379.2M | ||
| Q1 25 | $4.0B | $405.1M | ||
| Q4 24 | $4.0B | $437.4M | ||
| Q3 24 | $4.4B | $537.8M | ||
| Q2 24 | $2.3B | $691.5M | ||
| Q1 24 | $2.3B | $1.3B |
负债/权益比BCALSTEM
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.10× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $57.3M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $56.9M | — |
| 自由现金流率自由现金流/营收 | 124.1% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 3.49× | — |
| 过去12个月自由现金流最近4个季度 | $93.1M | — |
8季度趋势，按日历期对齐
经营现金流BCALSTEM
| Q4 25 | $57.3M | $8.2M | ||
| Q3 25 | $16.0M | $11.4M | ||
| Q2 25 | $13.4M | $-21.3M | ||
| Q1 25 | $7.0M | $8.5M | ||
| Q4 24 | $50.3M | $-14.7M | ||
| Q3 24 | $18.3M | $-9.4M | ||
| Q2 24 | $309.0K | $-11.9M | ||
| Q1 24 | $8.1M | $-621.0K |
自由现金流BCALSTEM
| Q4 25 | $56.9M | — | ||
| Q3 25 | $15.9M | — | ||
| Q2 25 | $13.4M | — | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | $49.7M | — | ||
| Q3 24 | $18.1M | — | ||
| Q2 24 | $171.0K | — | ||
| Q1 24 | $8.0M | — |
自由现金流率BCALSTEM
| Q4 25 | 124.1% | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 30.2% | — | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 109.2% | — | ||
| Q3 24 | 47.5% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 36.4% | — |
资本支出强度BCALSTEM
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.4% | — |
现金转化率BCALSTEM
| Q4 25 | 3.49× | — | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 0.95× | -0.11× | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 3.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 1.63× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
