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Blaize Holdings, Inc.（BZAI）与Clearfield, Inc.（CLFD）财务数据对比。点击上方公司名可切换其他公司
Clearfield, Inc.的季度营收约是Blaize Holdings, Inc.的1.4倍（$34.3M vs $23.8M），Clearfield, Inc.净利率更高（-1.8% vs -13.9%，领先12.1%），Blaize Holdings, Inc.同比增速更快（2377500.0% vs -3.2%），Clearfield, Inc.自由现金流更多（$-2.4M vs $-16.5M）
Blaize Holdings Inc.是一家专注于边缘人工智能计算解决方案的科技企业，主打低能耗AI处理器、低延迟推理软件栈及端到端边缘AI开发工具，核心服务自动驾驶、工业自动化、智慧城市、边缘医疗监测等应用场景。
Clearfield, Inc.总部位于美国明尼苏达州明尼阿波利斯市，是一家专注于光纤产品研发生产的企业，其产品主要应用于光纤通信网络建设领域，为通信基础设施部署提供相关硬件支撑。
BZAI vs CLFD — 直观对比
营收规模更大
CLFD
是对方的1.4倍
$23.8M
营收增速更快
BZAI
高出2377503.2%
-3.2%
净利率更高
CLFD
高出12.1%
-13.9%
自由现金流更多
CLFD
多$14.1M
$-16.5M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $34.3M |
| 净利润 | $-3.3M | $-614.0K |
| 毛利率 | 10.8% | 33.2% |
| 营业利润率 | -89.8% | -5.3% |
| 净利率 | -13.9% | -1.8% |
| 营收同比 | 2377500.0% | -3.2% |
| 净利润同比 | 50.7% | 67.8% |
| 每股收益（稀释后） | $0.16 | $-0.04 |
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BZAICLFD
| Q4 25 | $23.8M | $34.3M | ||
| Q3 25 | $11.9M | $23.4M | ||
| Q2 25 | — | $49.9M | ||
| Q1 25 | — | $47.2M | ||
| Q4 24 | — | $29.7M | ||
| Q3 24 | — | $5.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $36.9M |
净利润BZAICLFD
| Q4 25 | $-3.3M | $-614.0K | ||
| Q3 25 | $-26.3M | $-9.1M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-447.0K | ||
| Q1 24 | — | $-5.9M |
毛利率BZAICLFD
| Q4 25 | 10.8% | 33.2% | ||
| Q3 25 | 15.0% | 53.2% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 7.7% |
营业利润率BZAICLFD
| Q4 25 | -89.8% | -5.3% | ||
| Q3 25 | -190.3% | 10.3% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -4.7% | ||
| Q1 24 | — | -26.4% |
净利率BZAICLFD
| Q4 25 | -13.9% | -1.8% | ||
| Q3 25 | -221.3% | -38.8% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.9% | ||
| Q1 24 | — | -16.0% |
每股收益（稀释后）BZAICLFD
| Q4 25 | $0.16 | $-0.04 | ||
| Q3 25 | $-0.25 | $-0.65 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.40 |
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 | $45.8M | $96.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $249.7M |
| 总资产 | $102.2M | $268.1M |
| 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BZAICLFD
| Q4 25 | $45.8M | $96.4M | ||
| Q3 25 | $24.0M | $106.0M | ||
| Q2 25 | — | $117.2M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $113.0M | ||
| Q3 24 | — | $129.0M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $142.9M |
总债务BZAICLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | — |
股东权益BZAICLFD
| Q4 25 | $39.0M | $249.7M | ||
| Q3 25 | $1.3M | $256.2M | ||
| Q2 25 | — | $264.5M | ||
| Q1 25 | — | $265.9M | ||
| Q4 24 | — | $267.4M | ||
| Q3 24 | — | $275.8M | ||
| Q2 24 | — | $274.6M | ||
| Q1 24 | — | $279.2M |
总资产BZAICLFD
| Q4 25 | $102.2M | $268.1M | ||
| Q3 25 | $60.9M | $306.2M | ||
| Q2 25 | — | $314.7M | ||
| Q1 25 | — | $310.9M | ||
| Q4 24 | — | $303.2M | ||
| Q3 24 | — | $315.3M | ||
| Q2 24 | — | $318.1M | ||
| Q1 24 | — | $315.4M |
负债/权益比BZAICLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| 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 | $-16.5M | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | $-16.5M | $-2.4M |
| 自由现金流率自由现金流/营收 | -69.6% | -7.1% |
| 资本支出强度资本支出/营收 | 0.3% | 2.9% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BZAICLFD
| Q4 25 | $-16.5M | $-1.4M | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | $7.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $7.2M | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $-5.7M |
自由现金流BZAICLFD
| Q4 25 | $-16.5M | $-2.4M | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | — | $654.0K | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $-7.7M |
自由现金流率BZAICLFD
| Q4 25 | -69.6% | -7.1% | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 323.0% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -20.8% |
资本支出强度BZAICLFD
| Q4 25 | 0.3% | 2.9% | ||
| Q3 25 | 0.2% | 2.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 5.3% |
现金转化率BZAICLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.93× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
