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Ceribell, Inc.（CBLL）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
花花公子的季度营收约是Ceribell, Inc.的1.4倍（$34.9M vs $24.8M），花花公子净利率更高（10.3% vs -54.6%，领先64.9%），花花公子自由现金流更多（$1.1M vs $-11.0M）
Ceribell, Inc.是一家专注于神经诊断领域的医疗科技企业，主打便携式快速脑电图检测设备，可为急症、重症护理场景提供便捷的癫痫发作监测解决方案，核心市场覆盖北美地区，目前正逐步推进全球化业务布局。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
CBLL vs PLBY — 直观对比
营收规模更大
PLBY
是对方的1.4倍
$24.8M
净利率更高
PLBY
高出64.9%
-54.6%
自由现金流更多
PLBY
多$12.1M
$-11.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $24.8M | $34.9M |
| 净利润 | $-13.5M | $3.6M |
| 毛利率 | 87.3% | 73.3% |
| 营业利润率 | -58.9% | 7.9% |
| 净利率 | -54.6% | 10.3% |
| 营收同比 | — | 4.2% |
| 净利润同比 | — | 128.6% |
| 每股收益（稀释后） | $-0.35 | $0.05 |
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CBLLPLBY
| Q4 25 | $24.8M | $34.9M | ||
| Q3 25 | $22.6M | $29.0M | ||
| Q2 25 | $21.2M | $28.1M | ||
| Q1 25 | $20.5M | $28.9M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $17.2M | $29.4M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $28.3M |
净利润CBLLPLBY
| Q4 25 | $-13.5M | $3.6M | ||
| Q3 25 | $-13.5M | $460.0K | ||
| Q2 25 | $-13.6M | $-7.7M | ||
| Q1 25 | $-12.8M | $-9.0M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | $-10.4M | $-33.8M | ||
| Q2 24 | — | $-16.7M | ||
| Q1 24 | — | $-16.4M |
毛利率CBLLPLBY
| Q4 25 | 87.3% | 73.3% | ||
| Q3 25 | 88.3% | 76.0% | ||
| Q2 25 | 88.1% | 65.4% | ||
| Q1 25 | 87.9% | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | 87.3% | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率CBLLPLBY
| Q4 25 | -58.9% | 7.9% | ||
| Q3 25 | -64.8% | 4.7% | ||
| Q2 25 | -70.5% | -20.9% | ||
| Q1 25 | -69.3% | -21.7% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | -57.8% | -96.0% | ||
| Q2 24 | — | -37.0% | ||
| Q1 24 | — | -31.5% |
净利率CBLLPLBY
| Q4 25 | -54.6% | 10.3% | ||
| Q3 25 | -59.6% | 1.6% | ||
| Q2 25 | -64.4% | -27.3% | ||
| Q1 25 | -62.4% | -31.3% | ||
| Q4 24 | — | -37.4% | ||
| Q3 24 | -60.6% | -114.7% | ||
| Q2 24 | — | -66.9% | ||
| Q1 24 | — | -58.1% |
每股收益（稀释后）CBLLPLBY
| Q4 25 | $-0.35 | $0.05 | ||
| Q3 25 | $-0.37 | $0.00 | ||
| Q2 25 | $-0.38 | $-0.08 | ||
| Q1 25 | $-0.36 | $-0.10 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-1.85 | $-0.45 | ||
| Q2 24 | — | $-0.23 | ||
| Q1 24 | — | $-0.23 |
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 | $159.3M | $37.8M |
| 总债务越低越好 | — | $174.2M |
| 股东权益账面价值 | $155.3M | $18.4M |
| 总资产 | $195.8M | $292.4M |
| 负债/权益比越低杠杆越低 | — | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资CBLLPLBY
| Q4 25 | $159.3M | $37.8M | ||
| Q3 25 | $168.5M | $27.5M | ||
| Q2 25 | $177.4M | $19.6M | ||
| Q1 25 | $182.7M | $23.7M | ||
| Q4 24 | — | $30.9M | ||
| Q3 24 | $14.1M | $9.5M | ||
| Q2 24 | — | $16.9M | ||
| Q1 24 | — | $19.0M |
总债务CBLLPLBY
| Q4 25 | — | $174.2M | ||
| Q3 25 | — | $176.8M | ||
| Q2 25 | — | $177.5M | ||
| Q1 25 | — | $176.3M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $193.4M |
股东权益CBLLPLBY
| Q4 25 | $155.3M | $18.4M | ||
| Q3 25 | $164.1M | $3.8M | ||
| Q2 25 | $172.2M | $-17.5M | ||
| Q1 25 | $180.9M | $-11.4M | ||
| Q4 24 | — | $-7.7M | ||
| Q3 24 | $-136.0M | $-15.7M | ||
| Q2 24 | — | $15.7M | ||
| Q1 24 | — | $29.5M |
总资产CBLLPLBY
| Q4 25 | $195.8M | $292.4M | ||
| Q3 25 | $199.5M | $278.3M | ||
| Q2 25 | $207.7M | $264.1M | ||
| Q1 25 | $213.5M | $270.6M | ||
| Q4 24 | — | $284.7M | ||
| Q3 24 | $47.1M | $271.5M | ||
| Q2 24 | — | $301.8M | ||
| Q1 24 | — | $309.1M |
负债/权益比CBLLPLBY
| Q4 25 | — | 9.48× | ||
| Q3 25 | — | 46.86× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.51× | ||
| Q1 24 | — | 6.54× |
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 | $-10.8M | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $-11.0M | $1.1M |
| 自由现金流率自由现金流/营收 | -44.2% | 3.2% |
| 资本支出强度资本支出/营收 | 0.7% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-41.6M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流CBLLPLBY
| Q4 25 | $-10.8M | $1.4M | ||
| Q3 25 | $-11.1M | $10.1M | ||
| Q2 25 | $-7.5M | $-3.9M | ||
| Q1 25 | $-11.4M | $-7.6M | ||
| Q4 24 | — | $161.0K | ||
| Q3 24 | — | $-6.5M | ||
| Q2 24 | — | $-3.0M | ||
| Q1 24 | — | $-9.8M |
自由现金流CBLLPLBY
| Q4 25 | $-11.0M | $1.1M | ||
| Q3 25 | $-11.5M | $9.8M | ||
| Q2 25 | $-7.6M | $-4.3M | ||
| Q1 25 | $-11.6M | $-7.7M | ||
| Q4 24 | — | $-401.0K | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-10.3M |
自由现金流率CBLLPLBY
| Q4 25 | -44.2% | 3.2% | ||
| Q3 25 | -50.8% | 33.8% | ||
| Q2 25 | -35.9% | -15.2% | ||
| Q1 25 | -56.4% | -26.5% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | -23.7% | ||
| Q2 24 | — | -14.8% | ||
| Q1 24 | — | -36.5% |
资本支出强度CBLLPLBY
| Q4 25 | 0.7% | 0.8% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 2.1% |
现金转化率CBLLPLBY
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 22.02× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
业务分部营收拆解
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
