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黑鹰网络（BNAI）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是黑鹰网络的26676.9倍（$1.6B vs $60.1K）。帕森斯公司净利率更高（3.5% vs -4128.4%，领先4131.8%）。黑鹰网络同比增速更快（20.2% vs -7.5%）
黑鹰网络控股是一家美国私营企业，主营预付卡、礼品卡与支付相关业务，在线上及全球零售网点渠道销售品牌实体与数字礼品、手机、预付借记卡及激励卡，业务覆盖线下门店、线上、移动端、激励方案等多个渠道，总部位于加州普莱森顿，2006年完成注册。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
BNAI vs PSN — 直观对比
营收规模更大
PSN
是对方的26676.9倍
$60.1K
营收增速更快
BNAI
高出27.8%
-7.5%
净利率更高
PSN
高出4131.8%
-4128.4%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $60.1K | $1.6B |
| 净利润 | $-2.5M | $55.6M |
| 毛利率 | 100.0% | 23.0% |
| 营业利润率 | -3853.3% | 6.6% |
| 净利率 | -4128.4% | 3.5% |
| 营收同比 | 20.2% | -7.5% |
| 净利润同比 | 57.4% | -72.4% |
| 每股收益（稀释后） | $-0.06 | $0.51 |
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BNAIPSN
| Q4 25 | — | $1.6B | ||
| Q3 25 | $60.1K | $1.6B | ||
| Q2 25 | $5.0K | $1.6B | ||
| Q1 25 | $10.0K | $1.6B | ||
| Q4 24 | $0 | $1.7B | ||
| Q3 24 | $50.0K | $1.8B | ||
| Q2 24 | $0 | $1.7B | ||
| Q1 24 | $49.8K | $1.5B |
净利润BNAIPSN
| Q4 25 | — | $55.6M | ||
| Q3 25 | $-2.5M | $64.1M | ||
| Q2 25 | $905.1K | $55.2M | ||
| Q1 25 | $-3.6M | $66.2M | ||
| Q4 24 | — | $201.3M | ||
| Q3 24 | $-5.8M | $72.0M | ||
| Q2 24 | $-3.0M | $69.2M | ||
| Q1 24 | $-6.9M | $-107.4M |
毛利率BNAIPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | 100.0% | 22.2% | ||
| Q2 25 | 100.0% | 22.0% | ||
| Q1 25 | 100.0% | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | 100.0% | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | 100.0% | 21.2% |
营业利润率BNAIPSN
| Q4 25 | — | 6.6% | ||
| Q3 25 | -3853.3% | 6.7% | ||
| Q2 25 | -56506.2% | 6.0% | ||
| Q1 25 | -41540.9% | 7.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | -10559.0% | 6.4% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | -13654.9% | 6.6% |
净利率BNAIPSN
| Q4 25 | — | 3.5% | ||
| Q3 25 | -4128.4% | 4.0% | ||
| Q2 25 | 18101.6% | 3.5% | ||
| Q1 25 | -36102.3% | 4.3% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | -11646.2% | 4.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | -13826.9% | -7.0% |
每股收益（稀释后）BNAIPSN
| Q4 25 | — | $0.51 | ||
| Q3 25 | $-0.06 | $0.59 | ||
| Q2 25 | $0.02 | $0.50 | ||
| Q1 25 | $-0.09 | $0.60 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | $-0.16 | $0.65 | ||
| Q2 24 | $-0.09 | $0.63 | ||
| Q1 24 | $-0.27 | $-1.01 |
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 | $102.7K | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $3.5M | $2.6B |
| 总资产 | $16.4M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资BNAIPSN
| Q4 25 | — | $466.4M | ||
| Q3 25 | $102.7K | $422.6M | ||
| Q2 25 | $20.4K | $411.3M | ||
| Q1 25 | $236.2K | $269.7M | ||
| Q4 24 | $149.3K | $453.5M | ||
| Q3 24 | $72.9K | $558.8M | ||
| Q2 24 | $1.4M | $528.5M | ||
| Q1 24 | $3.3M | $423.1M |
总债务BNAIPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益BNAIPSN
| Q4 25 | — | $2.6B | ||
| Q3 25 | $3.5M | $2.6B | ||
| Q2 25 | $5.7M | $2.5B | ||
| Q1 25 | $3.3M | $2.5B | ||
| Q4 24 | $2.6M | $2.4B | ||
| Q3 24 | $17.8M | $2.3B | ||
| Q2 24 | $20.6M | $2.2B | ||
| Q1 24 | $20.6M | $2.1B |
总资产BNAIPSN
| Q4 25 | — | $5.8B | ||
| Q3 25 | $16.4M | $5.7B | ||
| Q2 25 | $17.0M | $5.7B | ||
| Q1 25 | $17.9M | $5.4B | ||
| Q4 24 | $18.1M | $5.5B | ||
| Q3 24 | $31.9M | $5.4B | ||
| Q2 24 | $34.1M | $5.2B | ||
| Q1 24 | $36.9M | $5.1B |
负债/权益比BNAIPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $-107.3K | $167.5M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流BNAIPSN
| Q4 25 | — | $167.5M | ||
| Q3 25 | $-107.3K | $162.8M | ||
| Q2 25 | $-2.6M | $159.8M | ||
| Q1 25 | $-2.6M | $-11.8M | ||
| Q4 24 | $-14.0M | $126.8M | ||
| Q3 24 | $-3.1M | $299.0M | ||
| Q2 24 | $-4.1M | $161.2M | ||
| Q1 24 | $-4.5M | $-63.4M |
自由现金流BNAIPSN
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | $-14.1M | $108.0M | ||
| Q3 24 | $-3.1M | $287.3M | ||
| Q2 24 | $-4.1M | $152.0M | ||
| Q1 24 | $-4.6M | $-72.9M |
自由现金流率BNAIPSN
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | -6159.9% | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | -9164.4% | -4.7% |
资本支出强度BNAIPSN
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 0.0% | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 53.4% | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | 26.2% | 0.6% |
现金转化率BNAIPSN
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | -2.88× | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| 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
BNAI
暂无分部数据
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
