vs
Bloom Energy Corp（BE）与GRAFTECH INTERNATIONAL LTD（EAF）财务数据对比。点击上方公司名可切换其他公司
Bloom Energy Corp的季度营收约是GRAFTECH INTERNATIONAL LTD的6.6倍（$772.8M vs $116.5M）。Bloom Energy Corp净利率更高（0.2% vs -55.9%，领先56.1%）。Bloom Energy Corp同比增速更快（36.3% vs -13.2%）。Bloom Energy Corp自由现金流更多（$395.1M vs $-39.3M）。过去两年Bloom Energy Corp的营收复合增速更高（84.9% vs -7.7%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
格瑞泰克国际有限公司是石墨电极与石油焦生产商，其产品是电弧炉炼钢及其他金属生产的核心原材料。公司总部位于俄亥俄州布鲁克林海茨，在法国加来、西班牙潘普洛纳、墨西哥蒙特雷以及美国宾夕法尼亚州圣玛丽斯均设有生产基地。
BE vs EAF — 直观对比
营收规模更大
BE
是对方的6.6倍
$116.5M
营收增速更快
BE
高出49.5%
-13.2%
净利率更高
BE
高出56.1%
-55.9%
自由现金流更多
BE
多$434.4M
$-39.3M
两年增速更快
BE
近两年复合增速
-7.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $772.8M | $116.5M |
| 净利润 | $1.4M | $-65.1M |
| 毛利率 | 31.0% | -20.9% |
| 营业利润率 | 11.3% | -33.6% |
| 净利率 | 0.2% | -55.9% |
| 营收同比 | 36.3% | -13.2% |
| 净利润同比 | -98.6% | -31.6% |
| 每股收益（稀释后） | $99.91 | $-6.86 |
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BEEAF
| Q4 25 | $772.8M | $116.5M | ||
| Q3 25 | $513.3M | $144.0M | ||
| Q2 25 | $396.3M | $131.8M | ||
| Q1 25 | $319.3M | $111.8M | ||
| Q4 24 | $567.0M | $134.2M | ||
| Q3 24 | $321.8M | $130.7M | ||
| Q2 24 | $326.5M | $137.3M | ||
| Q1 24 | $226.1M | $136.6M |
净利润BEEAF
| Q4 25 | $1.4M | $-65.1M | ||
| Q3 25 | $-23.0M | $-28.5M | ||
| Q2 25 | $-42.2M | $-86.9M | ||
| Q1 25 | $-23.4M | $-39.4M | ||
| Q4 24 | $105.2M | $-49.5M | ||
| Q3 24 | $-14.6M | $-36.1M | ||
| Q2 24 | $-61.2M | $-14.8M | ||
| Q1 24 | $-56.5M | $-30.9M |
毛利率BEEAF
| Q4 25 | 31.0% | -20.9% | ||
| Q3 25 | 29.5% | 7.2% | ||
| Q2 25 | 27.0% | 0.0% | ||
| Q1 25 | 27.8% | -1.5% | ||
| Q4 24 | 38.7% | -7.8% | ||
| Q3 24 | 24.5% | -9.2% | ||
| Q2 24 | 21.0% | 2.9% | ||
| Q1 24 | 16.8% | -1.0% |
营业利润率BEEAF
| Q4 25 | 11.3% | -33.6% | ||
| Q3 25 | 1.5% | -3.6% | ||
| Q2 25 | -0.9% | -11.0% | ||
| Q1 25 | -6.0% | -16.3% | ||
| Q4 24 | 18.5% | -18.6% | ||
| Q3 24 | -3.0% | -20.1% | ||
| Q2 24 | -7.1% | -2.0% | ||
| Q1 24 | -21.7% | -15.6% |
净利率BEEAF
| Q4 25 | 0.2% | -55.9% | ||
| Q3 25 | -4.5% | -19.8% | ||
| Q2 25 | -10.6% | -65.9% | ||
| Q1 25 | -7.3% | -35.2% | ||
| Q4 24 | 18.5% | -36.9% | ||
| Q3 24 | -4.5% | -27.6% | ||
| Q2 24 | -18.7% | -10.7% | ||
| Q1 24 | -25.0% | -22.6% |
每股收益（稀释后）BEEAF
| Q4 25 | $99.91 | $-6.86 | ||
| Q3 25 | $-100.00 | $-1.10 | ||
| Q2 25 | $-0.18 | $-0.34 | ||
| Q1 25 | $-0.10 | $-0.15 | ||
| Q4 24 | $0.45 | $-3.51 | ||
| Q3 24 | $-0.06 | $-1.40 | ||
| Q2 24 | $-0.27 | $-0.06 | ||
| Q1 24 | $-0.25 | $-0.12 |
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 | $2.5B | — |
| 总债务越低越好 | $2.6B | $1.1B |
| 股东权益账面价值 | $768.6M | $-259.6M |
| 总资产 | $4.4B | $1.0B |
| 负债/权益比越低杠杆越低 | 3.41× | — |
8季度趋势，按日历期对齐
现金及短期投资BEEAF
| Q4 25 | $2.5B | — | ||
| Q3 25 | $595.1M | — | ||
| Q2 25 | $574.8M | — | ||
| Q1 25 | $794.8M | — | ||
| Q4 24 | $802.9M | — | ||
| Q3 24 | $495.7M | — | ||
| Q2 24 | $581.7M | $120.7M | ||
| Q1 24 | $516.0M | $165.2M |
总债务BEEAF
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $929.5M | ||
| Q2 24 | $1.1B | $928.2M | ||
| Q1 24 | $847.9M | $926.9M |
股东权益BEEAF
| Q4 25 | $768.6M | $-259.6M | ||
| Q3 25 | $653.1M | $-194.4M | ||
| Q2 25 | $594.6M | $-168.4M | ||
| Q1 25 | $578.3M | $-105.3M | ||
| Q4 24 | $562.5M | $-78.9M | ||
| Q3 24 | $430.9M | $-9.0M | ||
| Q2 24 | $423.3M | $16.2M | ||
| Q1 24 | $466.1M | $37.6M |
总资产BEEAF
| Q4 25 | $4.4B | $1.0B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
负债/权益比BEEAF
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | 57.16× | ||
| Q1 24 | 1.82× | 24.64× |
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 | $418.1M | $-20.9M |
| 自由现金流经营现金流 - 资本支出 | $395.1M | $-39.3M |
| 自由现金流率自由现金流/营收 | 51.1% | -33.7% |
| 资本支出强度资本支出/营收 | 3.0% | 15.8% |
| 现金转化率经营现金流/净利润 | 293.18× | — |
| 过去12个月自由现金流最近4个季度 | $57.2M | $-120.5M |
8季度趋势，按日历期对齐
经营现金流BEEAF
| Q4 25 | $418.1M | $-20.9M | ||
| Q3 25 | $19.7M | $24.7M | ||
| Q2 25 | $-213.1M | $-53.2M | ||
| Q1 25 | $-110.7M | $-32.2M | ||
| Q4 24 | $484.2M | $-26.4M | ||
| Q3 24 | $-69.5M | $23.7M | ||
| Q2 24 | $-175.5M | $-36.9M | ||
| Q1 24 | $-147.3M | $-530.0K |
自由现金流BEEAF
| Q4 25 | $395.1M | $-39.3M | ||
| Q3 25 | $7.4M | $18.4M | ||
| Q2 25 | $-220.4M | $-57.1M | ||
| Q1 25 | $-124.9M | $-42.5M | ||
| Q4 24 | $473.1M | $-39.2M | ||
| Q3 24 | $-83.8M | $19.7M | ||
| Q2 24 | $-187.5M | $-43.8M | ||
| Q1 24 | $-168.7M | $-11.0M |
自由现金流率BEEAF
| Q4 25 | 51.1% | -33.7% | ||
| Q3 25 | 1.4% | 12.8% | ||
| Q2 25 | -55.6% | -43.3% | ||
| Q1 25 | -39.1% | -38.0% | ||
| Q4 24 | 83.4% | -29.2% | ||
| Q3 24 | -26.0% | 15.1% | ||
| Q2 24 | -57.4% | -31.9% | ||
| Q1 24 | -74.6% | -8.1% |
资本支出强度BEEAF
| Q4 25 | 3.0% | 15.8% | ||
| Q3 25 | 2.4% | 4.4% | ||
| Q2 25 | 1.8% | 3.0% | ||
| Q1 25 | 4.5% | 9.2% | ||
| Q4 24 | 2.0% | 9.5% | ||
| Q3 24 | 4.4% | 3.1% | ||
| Q2 24 | 3.7% | 5.1% | ||
| Q1 24 | 9.5% | 7.7% |
现金转化率BEEAF
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
BE
| Products | $638.5M | 83% |
| Installation | $67.3M | 9% |
| Services | $61.7M | 8% |
| Electricity | $10.2M | 1% |
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
