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Bitcoin Depot Inc.（BTM）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是Bitcoin Depot Inc.的1.3倍（$210.4M vs $162.5M），福尼克斯净利率更高（10.9% vs 3.4%，领先7.5%），Bitcoin Depot Inc.同比增速更快（20.1% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $2.5M），过去两年福尼克斯的营收复合增速更高（-3.8% vs -4.9%）
Bitcoin Depot Inc.是北美领先的加密货币自动柜员机运营商，面向零售消费者提供线下自助终端买卖比特币等主流数字资产的服务，同时支持银行转账线上购买加密货币，终端点位广泛铺设在杂货店、加油站、便利店等流量较高的零售场所。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
BTM vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.3倍
$162.5M
营收增速更快
BTM
高出25.6%
-5.5%
净利率更高
PLAB
高出7.5%
3.4%
自由现金流更多
PLAB
多$22.7M
$2.5M
两年增速更快
PLAB
近两年复合增速
-4.9%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $162.5M | $210.4M |
| 净利润 | $5.5M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | 7.3% | 22.9% |
| 净利率 | 3.4% | 10.9% |
| 营收同比 | 20.1% | -5.5% |
| 净利润同比 | 690.4% | -32.4% |
| 每股收益（稀释后） | $0.08 | $0.39 |
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BTMPLAB
| Q3 25 | $162.5M | $210.4M | ||
| Q2 25 | $172.1M | $211.0M | ||
| Q1 25 | $164.2M | $212.1M | ||
| Q4 24 | — | $222.6M | ||
| Q3 24 | $135.3M | $211.0M | ||
| Q2 24 | $163.1M | $217.0M | ||
| Q1 24 | $138.5M | $216.3M | ||
| Q4 23 | $148.4M | $227.5M |
净利润BTMPLAB
| Q3 25 | $5.5M | $22.9M | ||
| Q2 25 | $6.1M | $8.9M | ||
| Q1 25 | $4.2M | $42.9M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | $-939.0K | $34.4M | ||
| Q2 24 | $-2.6M | $36.3M | ||
| Q1 24 | $-1.5M | $26.2M | ||
| Q4 23 | $-8.3M | $44.6M |
毛利率BTMPLAB
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% | ||
| Q4 23 | — | 37.3% |
营业利润率BTMPLAB
| Q3 25 | 7.3% | 22.9% | ||
| Q2 25 | 9.2% | 26.4% | ||
| Q1 25 | 10.8% | 24.6% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 4.1% | 24.7% | ||
| Q2 24 | 4.7% | 25.8% | ||
| Q1 24 | 0.5% | 26.6% | ||
| Q4 23 | 2.6% | 28.5% |
净利率BTMPLAB
| Q3 25 | 3.4% | 10.9% | ||
| Q2 25 | 3.5% | 4.2% | ||
| Q1 25 | 2.6% | 20.2% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | -0.7% | 16.3% | ||
| Q2 24 | -1.6% | 16.7% | ||
| Q1 24 | -1.1% | 12.1% | ||
| Q4 23 | -5.6% | 19.6% |
每股收益（稀释后）BTMPLAB
| Q3 25 | $0.08 | $0.39 | ||
| Q2 25 | $0.16 | $0.15 | ||
| Q1 25 | $0.20 | $0.68 | ||
| Q4 24 | — | $0.54 | ||
| Q3 24 | $-0.05 | $0.55 | ||
| Q2 24 | $-0.13 | $0.58 | ||
| Q1 24 | $-0.25 | $0.42 | ||
| Q4 23 | — | $0.71 |
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 | $59.3M | $575.8M |
| 总债务越低越好 | $67.5M | $16.0K |
| 股东权益账面价值 | $21.0M | $1.1B |
| 总资产 | $125.3M | $1.8B |
| 负债/权益比越低杠杆越低 | 3.21× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BTMPLAB
| Q3 25 | $59.3M | $575.8M | ||
| Q2 25 | $48.0M | $558.4M | ||
| Q1 25 | $35.0M | $642.2M | ||
| Q4 24 | — | $640.7M | ||
| Q3 24 | $32.2M | $606.4M | ||
| Q2 24 | $43.9M | $559.9M | ||
| Q1 24 | $42.2M | $521.5M | ||
| Q4 23 | $29.8M | $512.2M |
总债务BTMPLAB
| Q3 25 | $67.5M | $16.0K | ||
| Q2 25 | $66.5M | $19.0K | ||
| Q1 25 | $56.2M | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | $44.5M | $28.0K | ||
| Q2 24 | $41.2M | $2.5M | ||
| Q1 24 | $37.6M | $2.7M | ||
| Q4 23 | $22.5M | $18.0M |
股东权益BTMPLAB
| Q3 25 | $21.0M | $1.1B | ||
| Q2 25 | $4.7M | $1.1B | ||
| Q1 25 | $-4.6M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $-7.9M | $1.1B | ||
| Q2 24 | $4.4M | $1.0B | ||
| Q1 24 | $5.0M | $1.0B | ||
| Q4 23 | — | $975.0M |
总资产BTMPLAB
| Q3 25 | $125.3M | $1.8B | ||
| Q2 25 | $109.1M | $1.7B | ||
| Q1 25 | $89.7M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $87.4M | $1.6B | ||
| Q2 24 | $97.5M | $1.6B | ||
| Q1 24 | $90.1M | $1.6B | ||
| Q4 23 | $74.3M | $1.5B |
负债/权益比BTMPLAB
| Q3 25 | 3.21× | 0.00× | ||
| Q2 25 | 14.18× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 9.27× | 0.00× | ||
| Q1 24 | 7.54× | 0.00× | ||
| Q4 23 | — | 0.02× |
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 | $6.6M | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $2.5M | $25.2M |
| 自由现金流率自由现金流/营收 | 1.6% | 12.0% |
| 资本支出强度资本支出/营收 | 2.5% | 11.8% |
| 现金转化率经营现金流/净利润 | 1.20× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $27.1M | $64.5M |
8季度趋势，按日历期对齐
经营现金流BTMPLAB
| Q3 25 | $6.6M | $50.1M | ||
| Q2 25 | $10.2M | $31.5M | ||
| Q1 25 | $16.3M | $78.5M | ||
| Q4 24 | — | $68.4M | ||
| Q3 24 | $5.8M | $75.1M | ||
| Q2 24 | $10.1M | $76.5M | ||
| Q1 24 | $1.3M | $41.5M | ||
| Q4 23 | $7.5M | $106.6M |
自由现金流BTMPLAB
| Q3 25 | $2.5M | $25.2M | ||
| Q2 25 | $9.8M | $-29.1M | ||
| Q1 25 | $15.9M | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | $-1.0M | $50.7M | ||
| Q2 24 | $7.6M | $56.5M | ||
| Q1 24 | $789.0K | $-1.8M | ||
| Q4 23 | — | $54.1M |
自由现金流率BTMPLAB
| Q3 25 | 1.6% | 12.0% | ||
| Q2 25 | 5.7% | -13.8% | ||
| Q1 25 | 9.7% | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | -0.8% | 24.0% | ||
| Q2 24 | 4.7% | 26.0% | ||
| Q1 24 | 0.6% | -0.8% | ||
| Q4 23 | — | 23.8% |
资本支出强度BTMPLAB
| Q3 25 | 2.5% | 11.8% | ||
| Q2 25 | 0.2% | 28.7% | ||
| Q1 25 | 0.2% | 16.6% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | 5.0% | 11.6% | ||
| Q2 24 | 1.5% | 9.2% | ||
| Q1 24 | 0.4% | 20.0% | ||
| Q4 23 | — | 23.1% |
现金转化率BTMPLAB
| Q3 25 | 1.20× | 2.19× | ||
| Q2 25 | 1.67× | 3.55× | ||
| Q1 25 | 3.88× | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× | ||
| Q4 23 | — | 2.39× |
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
BTM
暂无分部数据
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
