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BlackSky Technology Inc.（BKSY）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是BlackSky Technology Inc.的2.3倍（$81.3M vs $35.2M）。BlackSky Technology Inc.净利率更高（-2.5% vs -72.8%，领先70.4%）。Planet Labs PBC同比增速更快（32.6% vs 15.9%）。过去两年BlackSky Technology Inc.的营收复合增速更高（20.5% vs 17.5%）
BlackSky Technology Inc.是一家领先的地理空间情报服务商，运营高重访率小型地球观测卫星星座，为全球政府、国防、关键基础设施及商业客户提供实时卫星影像、高级数据分析与动态监测解决方案，助力各类场景下的运营决策。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
BKSY vs PL — 直观对比
营收规模更大
PL
是对方的2.3倍
$35.2M
营收增速更快
PL
高出16.7%
15.9%
净利率更高
BKSY
高出70.4%
-72.8%
两年增速更快
BKSY
近两年复合增速
17.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $81.3M |
| 净利润 | $-868.0K | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -11.8% | -22.6% |
| 净利率 | -2.5% | -72.8% |
| 营收同比 | 15.9% | 32.6% |
| 净利润同比 | 95.5% | -194.7% |
| 每股收益（稀释后） | $0.04 | $-0.19 |
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BKSYPL
| Q4 25 | $35.2M | $81.3M | ||
| Q3 25 | $19.6M | $73.4M | ||
| Q2 25 | $22.2M | $66.3M | ||
| Q1 25 | $29.5M | $61.6M | ||
| Q4 24 | $30.4M | $61.3M | ||
| Q3 24 | $22.5M | $61.1M | ||
| Q2 24 | $24.9M | $60.4M | ||
| Q1 24 | $24.2M | $58.9M |
净利润BKSYPL
| Q4 25 | $-868.0K | $-59.2M | ||
| Q3 25 | $-15.3M | $-22.6M | ||
| Q2 25 | $-41.2M | $-12.6M | ||
| Q1 25 | $-12.8M | $-35.2M | ||
| Q4 24 | $-19.4M | $-20.1M | ||
| Q3 24 | $-12.6M | $-38.7M | ||
| Q2 24 | $-9.4M | $-29.3M | ||
| Q1 24 | $-15.8M | $-30.1M |
毛利率BKSYPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率BKSYPL
| Q4 25 | -11.8% | -22.6% | ||
| Q3 25 | -85.8% | -24.5% | ||
| Q2 25 | -62.8% | -34.4% | ||
| Q1 25 | -40.5% | -31.5% | ||
| Q4 24 | -20.0% | -36.9% | ||
| Q3 24 | -58.7% | -64.8% | ||
| Q2 24 | -47.0% | -57.2% | ||
| Q1 24 | -54.7% | -57.6% |
净利率BKSYPL
| Q4 25 | -2.5% | -72.8% | ||
| Q3 25 | -78.2% | -30.8% | ||
| Q2 25 | -185.8% | -19.1% | ||
| Q1 25 | -43.4% | -57.1% | ||
| Q4 24 | -63.9% | -32.8% | ||
| Q3 24 | -55.8% | -63.3% | ||
| Q2 24 | -37.7% | -48.5% | ||
| Q1 24 | -65.2% | -51.1% |
每股收益（稀释后）BKSYPL
| Q4 25 | $0.04 | $-0.19 | ||
| Q3 25 | $-0.44 | $-0.07 | ||
| Q2 25 | $-1.27 | $-0.04 | ||
| Q1 25 | $-0.42 | $-0.12 | ||
| Q4 24 | $-0.61 | $-0.07 | ||
| Q3 24 | $-0.66 | $-0.13 | ||
| Q2 24 | $-0.52 | $-0.10 | ||
| Q1 24 | $-0.88 | $-0.10 |
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 | $124.5M | $443.3M |
| 总债务越低越好 | $201.1M | — |
| 股东权益账面价值 | $94.9M | $349.6M |
| 总资产 | $386.2M | $1.1B |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资BKSYPL
| Q4 25 | $124.5M | $443.3M | ||
| Q3 25 | $146.5M | $181.1M | ||
| Q2 25 | $93.8M | $133.5M | ||
| Q1 25 | $75.8M | $118.0M | ||
| Q4 24 | $52.5M | $139.0M | ||
| Q3 24 | $63.2M | $148.3M | ||
| Q2 24 | $41.2M | $107.4M | ||
| Q1 24 | $35.4M | $83.9M |
总债务BKSYPL
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | — | ||
| Q3 24 | $98.8M | — | ||
| Q2 24 | $108.6M | — | ||
| Q1 24 | $85.0M | — |
股东权益BKSYPL
| Q4 25 | $94.9M | $349.6M | ||
| Q3 25 | $91.1M | $435.7M | ||
| Q2 25 | $86.6M | $444.8M | ||
| Q1 25 | $88.8M | $441.3M | ||
| Q4 24 | $94.0M | $464.6M | ||
| Q3 24 | $110.3M | $473.2M | ||
| Q2 24 | $76.5M | $500.3M | ||
| Q1 24 | $81.7M | $518.0M |
总资产BKSYPL
| Q4 25 | $386.2M | $1.1B | ||
| Q3 25 | $380.9M | $696.4M | ||
| Q2 25 | $310.8M | $658.4M | ||
| Q1 25 | $284.9M | $633.8M | ||
| Q4 24 | $254.1M | $630.8M | ||
| Q3 24 | $245.5M | $658.4M | ||
| Q2 24 | $224.3M | $674.6M | ||
| Q1 24 | $210.1M | $702.0M |
负债/权益比BKSYPL
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.90× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.04× | — |
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 | $-9.3M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | — | $1.9M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流BKSYPL
| Q4 25 | $-9.3M | $28.6M | ||
| Q3 25 | $-39.0M | $67.8M | ||
| Q2 25 | $-7.3M | $17.3M | ||
| Q1 25 | $27.2M | $-6.3M | ||
| Q4 24 | $-1.8M | $4.1M | ||
| Q3 24 | $1.0M | $-7.9M | ||
| Q2 24 | $-1.8M | $-4.3M | ||
| Q1 24 | $-3.8M | $-6.8M |
自由现金流BKSYPL
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | — | $-17.9M | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-14.2M | ||
| Q1 24 | — | $-15.7M |
自由现金流率BKSYPL
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | -29.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -37.6% | ||
| Q2 24 | — | -23.6% | ||
| Q1 24 | — | -26.7% |
资本支出强度BKSYPL
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 15.1% |
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
BKSY
暂无分部数据
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
