vs
Ballard Power Systems Inc.（BLDP）与Thermon Group Holdings, Inc.（THR）财务数据对比。点击上方公司名可切换其他公司
Thermon Group Holdings, Inc.的季度营收约是Ballard Power Systems Inc.的8.3倍（$147.3M vs $17.7M）。Ballard Power Systems Inc.净利率更高（994.4% vs 12.4%，领先982.0%）
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。
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
BLDP vs THR — 直观对比
营收规模更大
THR
是对方的8.3倍
$17.7M
净利率更高
BLDP
高出982.0%
12.4%
损益表 — Q3 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $17.7M | $147.3M |
| 净利润 | $176.5M | $18.3M |
| 毛利率 | — | 46.6% |
| 营业利润率 | — | 18.1% |
| 净利率 | 994.4% | 12.4% |
| 营收同比 | — | 9.6% |
| 净利润同比 | — | -1.3% |
| 每股收益（稀释后） | — | $0.55 |
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BLDPTHR
| Q4 25 | — | $147.3M | ||
| Q3 25 | $17.7M | $131.7M | ||
| Q2 25 | $1.8M | $108.9M | ||
| Q1 25 | $937.0K | — | ||
| Q3 24 | $-12.3M | — | ||
| Q2 24 | $689.0K | — | ||
| Q1 24 | $1.2M | — | ||
| Q1 22 | $3.4M | — |
净利润BLDPTHR
| Q4 25 | — | $18.3M | ||
| Q3 25 | $176.5M | $15.0M | ||
| Q2 25 | $7.2M | $8.6M | ||
| Q1 25 | $20.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.3M | — | ||
| Q1 22 | $-22.6M | — |
毛利率BLDPTHR
| Q4 25 | — | 46.6% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | 2.7% | 44.1% | ||
| Q1 25 | 7.2% | — | ||
| Q3 24 | 156.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
营业利润率BLDPTHR
| Q4 25 | — | 18.1% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
净利率BLDPTHR
| Q4 25 | — | 12.4% | ||
| Q3 25 | 994.4% | 11.4% | ||
| Q2 25 | 390.6% | 7.9% | ||
| Q1 25 | 2137.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 107.9% | — | ||
| Q1 22 | -659.1% | — |
每股收益（稀释后）BLDPTHR
| Q4 25 | — | $0.55 | ||
| Q3 25 | — | $0.45 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
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 | — | $46.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $538.7M |
| 总资产 | — | $816.7M |
| 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BLDPTHR
| Q4 25 | — | $46.9M | ||
| Q3 25 | — | $29.7M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
股东权益BLDPTHR
| Q4 25 | — | $538.7M | ||
| Q3 25 | — | $515.2M | ||
| Q2 25 | — | $509.3M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
总资产BLDPTHR
| Q4 25 | — | $816.7M | ||
| Q3 25 | — | $778.2M | ||
| Q2 25 | — | $765.3M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | — | $13.1M |
| 自由现金流率自由现金流/营收 | — | 8.9% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | 0.03× | 0.98× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BLDPTHR
| Q4 25 | — | $18.0M | ||
| Q3 25 | $5.7M | $7.4M | ||
| Q2 25 | $14.8M | $10.7M | ||
| Q1 25 | $-4.4M | — | ||
| Q3 24 | $-6.6M | — | ||
| Q2 24 | $-7.4M | — | ||
| Q1 24 | $16.6M | — | ||
| Q1 22 | $-26.0K | — |
自由现金流BLDPTHR
| Q4 25 | — | $13.1M | ||
| Q3 25 | — | $4.4M | ||
| Q2 25 | — | $8.3M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
自由现金流率BLDPTHR
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
资本支出强度BLDPTHR
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 22 | — | — |
现金转化率BLDPTHR
| Q4 25 | — | 0.98× | ||
| Q3 25 | 0.03× | 0.50× | ||
| Q2 25 | 2.06× | 1.25× | ||
| Q1 25 | -0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.70× | — | ||
| Q1 22 | — | — |
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
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
