vs
Ballard Power Systems Inc.（BLDP）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
GRAFTECH INTERNATIONAL LTD的季度营收约是Ballard Power Systems Inc.的6.6倍（$116.5M vs $17.7M）。Ballard Power Systems Inc.净利率更高（994.4% vs -55.9%，领先1050.3%）
巴拉德动力系统是全球知名的质子交换膜燃料电池研发制造商，产品主要应用于重型动力、便携式电源、物料搬运等领域，同时提供相关工程技术服务。截至目前，公司已完成设计并出货的燃料电池产品总装机容量超过400兆瓦。
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。
BLDP vs EAF — 直观对比
营收规模更大
EAF
是对方的6.6倍
$17.7M
净利率更高
BLDP
高出1050.3%
-55.9%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $17.7M | $116.5M |
| 净利润 | $176.5M | $-65.1M |
| 毛利率 | — | -20.9% |
| 营业利润率 | — | -33.6% |
| 净利率 | 994.4% | -55.9% |
| 营收同比 | — | -13.2% |
| 净利润同比 | — | -31.6% |
| 每股收益（稀释后） | — | $-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BLDPEAF
| Q4 25 | — | $116.5M | ||
| Q3 25 | $17.7M | $144.0M | ||
| Q2 25 | $1.8M | $131.8M | ||
| Q1 25 | $937.0K | $111.8M | ||
| Q4 24 | — | $134.2M | ||
| Q3 24 | $-12.3M | $130.7M | ||
| Q2 24 | $689.0K | $137.3M | ||
| Q1 24 | $1.2M | $136.6M |
净利润BLDPEAF
| Q4 25 | — | $-65.1M | ||
| Q3 25 | $176.5M | $-28.5M | ||
| Q2 25 | $7.2M | $-86.9M | ||
| Q1 25 | $20.0M | $-39.4M | ||
| Q4 24 | — | $-49.5M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-14.8M | ||
| Q1 24 | $1.3M | $-30.9M |
毛利率BLDPEAF
| Q4 25 | — | -20.9% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | 2.7% | 0.0% | ||
| Q1 25 | 7.2% | -1.5% | ||
| Q4 24 | — | -7.8% | ||
| Q3 24 | 156.5% | -9.2% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | -1.0% |
营业利润率BLDPEAF
| Q4 25 | — | -33.6% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -11.0% | ||
| Q1 25 | — | -16.3% | ||
| Q4 24 | — | -18.6% | ||
| Q3 24 | — | -20.1% | ||
| Q2 24 | — | -2.0% | ||
| Q1 24 | — | -15.6% |
净利率BLDPEAF
| Q4 25 | — | -55.9% | ||
| Q3 25 | 994.4% | -19.8% | ||
| Q2 25 | 390.6% | -65.9% | ||
| Q1 25 | 2137.7% | -35.2% | ||
| Q4 24 | — | -36.9% | ||
| Q3 24 | — | -27.6% | ||
| Q2 24 | — | -10.7% | ||
| Q1 24 | 107.9% | -22.6% |
每股收益（稀释后）BLDPEAF
| Q4 25 | — | $-6.86 | ||
| Q3 25 | — | $-1.10 | ||
| Q2 25 | — | $-0.34 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $-3.51 | ||
| Q3 24 | — | $-1.40 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-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 | — | — |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | — | $-259.6M |
| 总资产 | — | $1.0B |
| 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BLDPEAF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $120.7M | ||
| Q1 24 | — | $165.2M |
总债务BLDPEAF
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $929.5M | ||
| Q2 24 | — | $928.2M | ||
| Q1 24 | — | $926.9M |
股东权益BLDPEAF
| Q4 25 | — | $-259.6M | ||
| Q3 25 | — | $-194.4M | ||
| Q2 25 | — | $-168.4M | ||
| Q1 25 | — | $-105.3M | ||
| Q4 24 | — | $-78.9M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $16.2M | ||
| Q1 24 | — | $37.6M |
总资产BLDPEAF
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比BLDPEAF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 57.16× | ||
| Q1 24 | — | 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 | $5.7M | $-20.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-39.3M |
| 自由现金流率自由现金流/营收 | — | -33.7% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | 0.03× | — |
| 过去12个月自由现金流最近4个季度 | — | $-120.5M |
8季度趋势，按日历期对齐
经营现金流BLDPEAF
| Q4 25 | — | $-20.9M | ||
| Q3 25 | $5.7M | $24.7M | ||
| Q2 25 | $14.8M | $-53.2M | ||
| Q1 25 | $-4.4M | $-32.2M | ||
| Q4 24 | — | $-26.4M | ||
| Q3 24 | $-6.6M | $23.7M | ||
| Q2 24 | $-7.4M | $-36.9M | ||
| Q1 24 | $16.6M | $-530.0K |
自由现金流BLDPEAF
| Q4 25 | — | $-39.3M | ||
| Q3 25 | — | $18.4M | ||
| Q2 25 | — | $-57.1M | ||
| Q1 25 | — | $-42.5M | ||
| Q4 24 | — | $-39.2M | ||
| Q3 24 | — | $19.7M | ||
| Q2 24 | — | $-43.8M | ||
| Q1 24 | — | $-11.0M |
自由现金流率BLDPEAF
| Q4 25 | — | -33.7% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -43.3% | ||
| Q1 25 | — | -38.0% | ||
| Q4 24 | — | -29.2% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | -31.9% | ||
| Q1 24 | — | -8.1% |
资本支出强度BLDPEAF
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 7.7% |
现金转化率BLDPEAF
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | -0.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.70× | — |
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
BLDP
暂无分部数据
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
