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Burford Capital Ltd（BUR）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是Burford Capital Ltd的1.4倍（$47.1M vs $33.4M），STEM, INC.净利率更高（-33.9% vs -112.2%，领先78.3%）
伯福德资本成立于2009年，是一家面向法律市场的专业金融服务提供商，总部位于根西岛，业务覆盖全球。该公司为企业法务部门、律师事务所的诉讼、仲裁、资产追回等相关法律活动提供资金支持，同时也提供配套的法律金融咨询服务。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
BUR vs STEM — 直观对比
营收规模更大
STEM
是对方的1.4倍
$33.4M
净利率更高
STEM
高出78.3%
-112.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $33.4M | $47.1M |
| 净利润 | $-37.5M | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | -37.9% | -17.7% |
| 净利率 | -112.2% | -33.9% |
| 营收同比 | — | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | $-0.16 | $-4.40 |
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BURSTEM
| Q4 25 | $33.4M | $47.1M | ||
| Q3 25 | $69.8M | $38.2M | ||
| Q2 25 | $191.3M | $38.4M | ||
| Q1 25 | $118.9M | $32.5M | ||
| Q4 24 | — | $55.8M | ||
| Q3 24 | $159.7M | $29.3M | ||
| Q2 24 | $44.3M | $34.0M | ||
| Q1 24 | — | $25.5M |
净利润BURSTEM
| Q4 25 | $-37.5M | $-16.0M | ||
| Q3 25 | $-19.2M | $-23.8M | ||
| Q2 25 | $88.3M | $202.5M | ||
| Q1 25 | $30.9M | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $53.7M | $-148.3M | ||
| Q2 24 | $-29.9M | $-582.3M | ||
| Q1 24 | — | $-72.3M |
毛利率BURSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率BURSTEM
| Q4 25 | -37.9% | -17.7% | ||
| Q3 25 | 35.5% | -33.6% | ||
| Q2 25 | 74.3% | -34.8% | ||
| Q1 25 | 65.4% | -65.0% | ||
| Q4 24 | — | -84.4% | ||
| Q3 24 | 76.1% | -493.2% | ||
| Q2 24 | 32.0% | -1705.5% | ||
| Q1 24 | — | -267.0% |
净利率BURSTEM
| Q4 25 | -112.2% | -33.9% | ||
| Q3 25 | -27.4% | -62.2% | ||
| Q2 25 | 46.2% | 527.8% | ||
| Q1 25 | 26.0% | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | 33.7% | -506.3% | ||
| Q2 24 | -67.6% | -1712.6% | ||
| Q1 24 | — | -283.9% |
每股收益（稀释后）BURSTEM
| Q4 25 | $-0.16 | $-4.40 | ||
| Q3 25 | $-0.09 | $-2.84 | ||
| Q2 25 | $0.39 | $-1.79 | ||
| Q1 25 | $0.14 | $-0.15 | ||
| Q4 24 | — | $-15.29 | ||
| Q3 24 | $0.24 | $-18.24 | ||
| Q2 24 | $-0.14 | $-71.81 | ||
| Q1 24 | — | $-0.46 |
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 | $943.5M | $48.9M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $2.4B | $-249.4M |
| 总资产 | $6.6B | $308.9M |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资BURSTEM
| Q4 25 | $943.5M | $48.9M | ||
| Q3 25 | $677.7M | $43.1M | ||
| Q2 25 | $372.2M | $40.8M | ||
| Q1 25 | $486.6M | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
总债务BURSTEM
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BURSTEM
| Q4 25 | $2.4B | $-249.4M | ||
| Q3 25 | $2.5B | $-235.7M | ||
| Q2 25 | $2.5B | $-214.1M | ||
| Q1 25 | $2.4B | $-417.5M | ||
| Q4 24 | — | $-398.4M | ||
| Q3 24 | $3.2B | $-344.1M | ||
| Q2 24 | $3.1B | $-203.2M | ||
| Q1 24 | — | $371.6M |
总资产BURSTEM
| Q4 25 | $6.6B | $308.9M | ||
| Q3 25 | $6.7B | $362.6M | ||
| Q2 25 | $6.3B | $379.2M | ||
| Q1 25 | $6.2B | $405.1M | ||
| Q4 24 | — | $437.4M | ||
| Q3 24 | — | $537.8M | ||
| Q2 24 | — | $691.5M | ||
| Q1 24 | — | $1.3B |
负债/权益比BURSTEM
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-29.0M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $-29.3M | — |
| 自由现金流率自由现金流/营收 | -87.7% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | $21.4M | — |
8季度趋势，按日历期对齐
经营现金流BURSTEM
| Q4 25 | $-29.0M | $8.2M | ||
| Q3 25 | $-20.1M | $11.4M | ||
| Q2 25 | $-84.2M | $-21.3M | ||
| Q1 25 | $155.2M | $8.5M | ||
| Q4 24 | — | $-14.7M | ||
| Q3 24 | $-97.4M | $-9.4M | ||
| Q2 24 | $53.0M | $-11.9M | ||
| Q1 24 | — | $-621.0K |
自由现金流BURSTEM
| Q4 25 | $-29.3M | — | ||
| Q3 25 | $-20.1M | — | ||
| Q2 25 | $-84.3M | — | ||
| Q1 25 | $155.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-97.4M | — | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | — | — |
自由现金流率BURSTEM
| Q4 25 | -87.7% | — | ||
| Q3 25 | -28.8% | — | ||
| Q2 25 | -44.1% | — | ||
| Q1 25 | 130.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -61.0% | — | ||
| Q2 24 | 119.5% | — | ||
| Q1 24 | — | — |
资本支出强度BURSTEM
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | — | — |
现金转化率BURSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.95× | -0.11× | ||
| Q1 25 | 5.02× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.81× | — | ||
| Q2 24 | — | — | ||
| 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
BUR
| Principal Finance Segment | $29.1M | 87% |
| Other | $3.5M | 10% |
| Management Fee Income | $878.0K | 3% |
STEM
暂无分部数据
