vs
Blaize Holdings, Inc.（BZAI）与FGI Industries Ltd.（FGI）财务数据对比。点击上方公司名可切换其他公司
FGI Industries Ltd.的季度营收约是Blaize Holdings, Inc.的1.3倍（$30.5M vs $23.8M），FGI Industries Ltd.净利率更高（-8.6% vs -13.9%，领先5.2%），Blaize Holdings, Inc.同比增速更快（2377500.0% vs -14.4%），FGI Industries Ltd.自由现金流更多（$2.3M 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。
FGI Industries Ltd是一家全球厨卫产品、家居收纳解决方案及家装用品的设计、制造与分销商，服务覆盖北美、欧洲及亚太地区的大型连锁零售商、家居专营店和电商平台。
BZAI vs FGI — 直观对比
营收规模更大
FGI
是对方的1.3倍
$23.8M
营收增速更快
BZAI
高出2377514.4%
-14.4%
净利率更高
FGI
高出5.2%
-13.9%
自由现金流更多
FGI
多$18.8M
$-16.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $30.5M |
| 净利润 | $-3.3M | $-2.6M |
| 毛利率 | 10.8% | 26.7% |
| 营业利润率 | -89.8% | -2.2% |
| 净利率 | -13.9% | -8.6% |
| 营收同比 | 2377500.0% | -14.4% |
| 净利润同比 | 50.7% | -553.1% |
| 每股收益（稀释后） | $0.16 | $-1.63 |
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BZAIFGI
| Q4 25 | $23.8M | $30.5M | ||
| Q3 25 | $11.9M | $35.8M | ||
| Q2 25 | — | $31.0M | ||
| Q1 25 | — | $33.2M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $36.1M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $30.8M |
净利润BZAIFGI
| Q4 25 | $-3.3M | $-2.6M | ||
| Q3 25 | $-26.3M | $-1.7M | ||
| Q2 25 | — | $-1.2M | ||
| Q1 25 | — | $-629.1K | ||
| Q4 24 | — | $-402.3K | ||
| Q3 24 | — | $-550.1K | ||
| Q2 24 | — | $163.6K | ||
| Q1 24 | — | $-412.2K |
毛利率BZAIFGI
| Q4 25 | 10.8% | 26.7% | ||
| Q3 25 | 15.0% | 26.5% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 27.4% |
营业利润率BZAIFGI
| Q4 25 | -89.8% | -2.2% | ||
| Q3 25 | -190.3% | 1.0% | ||
| Q2 25 | — | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -1.5% | ||
| Q1 24 | — | -1.0% |
净利率BZAIFGI
| Q4 25 | -13.9% | -8.6% | ||
| Q3 25 | -221.3% | -4.6% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -1.3% |
每股收益（稀释后）BZAIFGI
| Q4 25 | $0.16 | $-1.63 | ||
| Q3 25 | $-0.25 | $-0.86 | ||
| Q2 25 | — | $-0.64 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.38 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $0.08 | ||
| Q1 24 | — | $-0.04 |
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 | $1.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $17.3M |
| 总资产 | $102.2M | $69.5M |
| 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BZAIFGI
| Q4 25 | $45.8M | $1.9M | ||
| Q3 25 | $24.0M | $1.9M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.3M |
股东权益BZAIFGI
| Q4 25 | $39.0M | $17.3M | ||
| Q3 25 | $1.3M | $19.7M | ||
| Q2 25 | — | $21.3M | ||
| Q1 25 | — | $21.8M | ||
| Q4 24 | — | $22.3M | ||
| Q3 24 | — | $23.5M | ||
| Q2 24 | — | $23.8M | ||
| Q1 24 | — | $23.9M |
总资产BZAIFGI
| Q4 25 | $102.2M | $69.5M | ||
| Q3 25 | $60.9M | $73.0M | ||
| Q2 25 | — | $71.7M | ||
| Q1 25 | — | $68.5M | ||
| Q4 24 | — | $75.5M | ||
| Q3 24 | — | $74.7M | ||
| Q2 24 | — | $69.9M | ||
| Q1 24 | — | $68.6M |
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 | $2.3M |
| 自由现金流经营现金流 - 资本支出 | $-16.5M | $2.3M |
| 自由现金流率自由现金流/营收 | -69.6% | 7.5% |
| 资本支出强度资本支出/营收 | 0.3% | 0.2% |
| 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 | — | $-212.5K |
8季度趋势，按日历期对齐
经营现金流BZAIFGI
| Q4 25 | $-16.5M | $2.3M | ||
| Q3 25 | $-24.9M | $-1.9M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $617.4K | ||
| Q3 24 | — | $-915.0K | ||
| Q2 24 | — | $862.1K | ||
| Q1 24 | — | $-8.0M |
自由现金流BZAIFGI
| Q4 25 | $-16.5M | $2.3M | ||
| Q3 25 | $-24.9M | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-214.1K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $281.5K | ||
| Q1 24 | — | $-8.6M |
自由现金流率BZAIFGI
| Q4 25 | -69.6% | 7.5% | ||
| Q3 25 | -210.2% | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -23.3% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -28.0% |
资本支出强度BZAIFGI
| Q4 25 | 0.3% | 0.2% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.0% |
现金转化率BZAIFGI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| 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
BZAI
暂无分部数据
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
