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迪吉多（BTBT）与Hut 8 Corp.（HUT）财务数据对比。点击上方公司名可切换其他公司
Hut 8 Corp.的季度营收约是迪吉多的2.7倍（$88.5M vs $32.3M），Hut 8 Corp.净利率更高（-316.0% vs -582.6%，领先266.5%）
迪吉多是1957年由肯·奥尔森与哈兰·安德森联合创立的美国计算机企业，在1960年代至1990年代间是全球计算机行业的重量级参与者。肯·奥尔森一直担任公司总裁，直至1992年公司业绩大幅下滑后被迫辞职。
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
BTBT vs HUT — 直观对比
营收规模更大
HUT
是对方的2.7倍
$32.3M
净利率更高
HUT
高出266.5%
-582.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $32.3M | $88.5M |
| 净利润 | $-188.4M | $-279.7M |
| 毛利率 | — | 60.4% |
| 营业利润率 | -597.0% | -491.4% |
| 净利率 | -582.6% | -316.0% |
| 营收同比 | — | 179.2% |
| 净利润同比 | — | -283.7% |
| 每股收益（稀释后） | $-0.53 | $-2.45 |
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BTBTHUT
| Q4 25 | $32.3M | $88.5M | ||
| Q3 25 | $30.5M | $83.5M | ||
| Q2 25 | $25.7M | $41.3M | ||
| Q1 25 | $25.1M | $21.8M | ||
| Q4 24 | — | $31.7M | ||
| Q3 24 | — | $43.7M | ||
| Q2 24 | — | $35.2M | ||
| Q1 24 | — | $51.7M |
净利润BTBTHUT
| Q4 25 | $-188.4M | $-279.7M | ||
| Q3 25 | $150.9M | $50.1M | ||
| Q2 25 | $14.9M | $137.3M | ||
| Q1 25 | $-57.7M | $-133.9M | ||
| Q4 24 | — | $152.2M | ||
| Q3 24 | — | $647.0K | ||
| Q2 24 | — | $-71.9M | ||
| Q1 24 | — | $250.9M |
毛利率BTBTHUT
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 47.3% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 35.9% | ||
| Q3 24 | — | 59.9% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 45.6% |
营业利润率BTBTHUT
| Q4 25 | -597.0% | -491.4% | ||
| Q3 25 | — | 87.0% | ||
| Q2 25 | 45.7% | — | ||
| Q1 25 | -208.6% | -676.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.6% | ||
| Q2 24 | — | -246.2% | ||
| Q1 24 | — | — |
净利率BTBTHUT
| Q4 25 | -582.6% | -316.0% | ||
| Q3 25 | 495.3% | 60.0% | ||
| Q2 25 | 58.0% | 332.5% | ||
| Q1 25 | -229.9% | -613.7% | ||
| Q4 24 | — | 480.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | -204.1% | ||
| Q1 24 | — | 484.9% |
每股收益（稀释后）BTBTHUT
| Q4 25 | $-0.53 | $-2.45 | ||
| Q3 25 | $0.47 | $0.43 | ||
| Q2 25 | $0.07 | $1.18 | ||
| Q1 25 | $-0.32 | $-1.30 | ||
| Q4 24 | — | $1.41 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $-0.78 | ||
| Q1 24 | — | $2.76 |
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 | $118.4M | $44.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $724.0M | $1.4B |
| 总资产 | $1.2B | $2.8B |
| 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BTBTHUT
| Q4 25 | $118.4M | $44.9M | ||
| Q3 25 | $179.1M | $33.5M | ||
| Q2 25 | $181.2M | $216.3M | ||
| Q1 25 | $57.6M | $108.4M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $11.5M |
总债务BTBTHUT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $300.6M | ||
| Q3 24 | — | $297.3M | ||
| Q2 24 | — | $328.8M | ||
| Q1 24 | — | $177.6M |
股东权益BTBTHUT
| Q4 25 | $724.0M | $1.4B | ||
| Q3 25 | $906.2M | $1.4B | ||
| Q2 25 | $633.2M | $1.3B | ||
| Q1 25 | $417.4M | $960.0M | ||
| Q4 24 | — | $976.7M | ||
| Q3 24 | — | $703.9M | ||
| Q2 24 | — | $660.1M | ||
| Q1 24 | — | $732.0M |
总资产BTBTHUT
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $723.4M | $2.0B | ||
| Q1 25 | $485.2M | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $999.0M |
负债/权益比BTBTHUT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.24× |
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 | $-288.9M | $-139.2M |
| 自由现金流经营现金流 - 资本支出 | $-574.9M | — |
| 自由现金流率自由现金流/营收 | -1778.0% | — |
| 资本支出强度资本支出/营收 | 884.4% | — |
| 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 | $-943.7M | — |
8季度趋势，按日历期对齐
经营现金流BTBTHUT
| Q4 25 | $-288.9M | $-139.2M | ||
| Q3 25 | $-240.0M | $770.0K | ||
| Q2 25 | $17.7M | $-48.8M | ||
| Q1 25 | $17.4M | $-33.8M | ||
| Q4 24 | — | $-68.5M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-16.4M | ||
| Q1 24 | — | $-26.3M |
自由现金流BTBTHUT
| Q4 25 | $-574.9M | — | ||
| Q3 25 | $-256.8M | — | ||
| Q2 25 | $-64.5M | — | ||
| Q1 25 | $-47.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BTBTHUT
| Q4 25 | -1778.0% | — | ||
| Q3 25 | -843.1% | — | ||
| Q2 25 | -251.3% | — | ||
| Q1 25 | -189.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BTBTHUT
| Q4 25 | 884.4% | — | ||
| Q3 25 | 55.4% | — | ||
| Q2 25 | 320.3% | — | ||
| Q1 25 | 258.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BTBTHUT
| Q4 25 | — | — | ||
| Q3 25 | -1.59× | 0.02× | ||
| Q2 25 | 1.19× | -0.36× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.45× | ||
| Q3 24 | — | -6.49× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.11× |
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
BTBT
| Cloud Services | $19.3M | 60% |
| Digital Asset Mining | $5.5M | 17% |
| Colocation Services | $3.8M | 12% |
| Other | $3.7M | 11% |
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
