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Bloom Energy Corp（BE）与SOLAREDGE TECHNOLOGIES, INC.（SEDG）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SOLAREDGE TECHNOLOGIES, INC.的2.2倍（$751.1M vs $335.4M），Bloom Energy Corp净利率更高（9.4% vs -39.4%，领先48.8%），SOLAREDGE TECHNOLOGIES, INC.同比增速更快（70.9% vs -3.4%），过去两年Bloom Energy Corp的营收复合增速更高（51.7% vs 28.1%）
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。
SolarEdge Technologies是一家以色列新能源科技企业，核心研发并推出了直流优化逆变器系统，该方案可提升光伏发电的能效表现，助力光伏系统实现更稳定、高效的电力转换，在全球分布式光伏领域拥有广泛的应用场景和市场认可度。
BE vs SEDG — 直观对比
营收规模更大
BE
是对方的2.2倍
$335.4M
营收增速更快
SEDG
高出74.3%
-3.4%
净利率更高
BE
高出48.8%
-39.4%
两年增速更快
BE
近两年复合增速
28.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $335.4M |
| 净利润 | $70.7M | $-132.1M |
| 毛利率 | 30.0% | 22.2% |
| 营业利润率 | 17.3% | -14.4% |
| 净利率 | 9.4% | -39.4% |
| 营收同比 | -3.4% | 70.9% |
| 净利润同比 | 396.7% | 54.0% |
| 每股收益（稀释后） | $0.44 | $-2.21 |
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BESEDG
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $335.4M | ||
| Q3 25 | $513.3M | $340.2M | ||
| Q2 25 | $396.3M | $289.4M | ||
| Q1 25 | $319.3M | $219.5M | ||
| Q4 24 | $567.0M | $196.2M | ||
| Q3 24 | $321.8M | $235.4M | ||
| Q2 24 | $326.5M | $265.4M |
净利润BESEDG
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-132.1M | ||
| Q3 25 | $-23.0M | $-50.1M | ||
| Q2 25 | $-42.2M | $-124.7M | ||
| Q1 25 | $-23.4M | $-98.5M | ||
| Q4 24 | $105.2M | $-287.4M | ||
| Q3 24 | $-14.6M | $-1.2B | ||
| Q2 24 | $-61.2M | $-130.8M |
毛利率BESEDG
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | 22.2% | ||
| Q3 25 | 29.5% | 21.2% | ||
| Q2 25 | 27.0% | 11.1% | ||
| Q1 25 | 27.8% | 8.0% | ||
| Q4 24 | 38.7% | -57.2% | ||
| Q3 24 | 24.5% | -309.1% | ||
| Q2 24 | 21.0% | -4.1% |
营业利润率BESEDG
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | -14.4% | ||
| Q3 25 | 1.5% | -10.3% | ||
| Q2 25 | -0.9% | -39.9% | ||
| Q1 25 | -6.0% | -46.8% | ||
| Q4 24 | 18.5% | -134.4% | ||
| Q3 24 | -3.0% | -471.8% | ||
| Q2 24 | -7.1% | -60.4% |
净利率BESEDG
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -39.4% | ||
| Q3 25 | -4.5% | -14.7% | ||
| Q2 25 | -10.6% | -43.1% | ||
| Q1 25 | -7.3% | -44.9% | ||
| Q4 24 | 18.5% | -146.5% | ||
| Q3 24 | -4.5% | -522.8% | ||
| Q2 24 | -18.7% | -49.3% |
每股收益（稀释后）BESEDG
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-2.21 | ||
| Q3 25 | $-100.00 | $-0.84 | ||
| Q2 25 | $-0.18 | $-2.13 | ||
| Q1 25 | $-0.10 | $-1.70 | ||
| Q4 24 | $0.45 | $-5.00 | ||
| Q3 24 | $-0.06 | $-21.58 | ||
| Q2 24 | $-0.27 | $-2.31 |
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 | — | $493.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $948.0K | $427.5M |
| 总资产 | $4.7B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BESEDG
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $493.2M | ||
| Q3 25 | $595.1M | $498.6M | ||
| Q2 25 | $574.8M | $758.0M | ||
| Q1 25 | $794.8M | $651.6M | ||
| Q4 24 | $802.9M | $585.9M | ||
| Q3 24 | $495.7M | $678.8M | ||
| Q2 24 | $581.7M | $689.8M |
总债务BESEDG
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益BESEDG
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $427.5M | ||
| Q3 25 | $653.1M | $479.8M | ||
| Q2 25 | $594.6M | $513.2M | ||
| Q1 25 | $578.3M | $594.2M | ||
| Q4 24 | $562.5M | $658.3M | ||
| Q3 24 | $430.9M | $930.9M | ||
| Q2 24 | $423.3M | $2.1B |
总资产BESEDG
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.5B | $2.5B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.7B | $2.6B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.5B | $3.9B |
负债/权益比BESEDG
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $52.6M |
| 自由现金流经营现金流 - 资本支出 | — | $43.3M |
| 自由现金流率自由现金流/营收 | — | 12.9% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 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 | — | $80.8M |
8季度趋势，按日历期对齐
经营现金流BESEDG
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $52.6M | ||
| Q3 25 | $19.7M | $25.6M | ||
| Q2 25 | $-213.1M | $-7.8M | ||
| Q1 25 | $-110.7M | $33.8M | ||
| Q4 24 | $484.2M | $37.8M | ||
| Q3 24 | $-69.5M | $-89.3M | ||
| Q2 24 | $-175.5M | $-44.8M |
自由现金流BESEDG
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $43.3M | ||
| Q3 25 | $7.4M | $22.8M | ||
| Q2 25 | $-220.4M | $-9.1M | ||
| Q1 25 | $-124.9M | $23.7M | ||
| Q4 24 | $473.1M | $25.5M | ||
| Q3 24 | $-83.8M | $-136.7M | ||
| Q2 24 | $-187.5M | $-67.0M |
自由现金流率BESEDG
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 12.9% | ||
| Q3 25 | 1.4% | 6.7% | ||
| Q2 25 | -55.6% | -3.1% | ||
| Q1 25 | -39.1% | 10.8% | ||
| Q4 24 | 83.4% | 13.0% | ||
| Q3 24 | -26.0% | -58.1% | ||
| Q2 24 | -57.4% | -25.2% |
资本支出强度BESEDG
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.8% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 4.5% | 4.6% | ||
| Q4 24 | 2.0% | 6.2% | ||
| Q3 24 | 4.4% | 20.1% | ||
| Q2 24 | 3.7% | 8.4% |
现金转化率BESEDG
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 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
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
