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Cambium Networks Corp（CMBM）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是Cambium Networks Corp的2.0倍（$81.3M vs $40.3M）。Cambium Networks Corp净利率更高（-17.9% vs -72.8%，领先54.9%）。Planet Labs PBC同比增速更快（32.6% vs -23.2%）。Planet Labs PBC自由现金流更多（$1.9M vs $-10.8M）。过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -27.2%）
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
CMBM vs PL — 直观对比
营收规模更大
PL
是对方的2.0倍
$40.3M
营收增速更快
PL
高出55.8%
-23.2%
净利率更高
CMBM
高出54.9%
-72.8%
自由现金流更多
PL
多$12.7M
$-10.8M
两年增速更快
PL
近两年复合增速
-27.2%
损益表 — Q4 2024 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $81.3M |
| 净利润 | $-7.2M | $-59.2M |
| 毛利率 | 36.6% | 57.3% |
| 营业利润率 | -28.4% | -22.6% |
| 净利率 | -17.9% | -72.8% |
| 营收同比 | -23.2% | 32.6% |
| 净利润同比 | 71.0% | -194.7% |
| 每股收益（稀释后） | $-0.26 | $-0.19 |
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CMBMPL
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $66.3M | ||
| Q1 25 | — | $61.6M | ||
| Q4 24 | $40.3M | $61.3M | ||
| Q3 24 | $44.7M | $61.1M | ||
| Q2 24 | $45.2M | $60.4M | ||
| Q1 24 | $47.1M | $58.9M |
净利润CMBMPL
| Q4 25 | — | $-59.2M | ||
| Q3 25 | — | $-22.6M | ||
| Q2 25 | — | $-12.6M | ||
| Q1 25 | — | $-35.2M | ||
| Q4 24 | $-7.2M | $-20.1M | ||
| Q3 24 | $-34.5M | $-38.7M | ||
| Q2 24 | $-14.2M | $-29.3M | ||
| Q1 24 | $-18.4M | $-30.1M |
毛利率CMBMPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | 36.6% | 61.2% | ||
| Q3 24 | 43.6% | 52.9% | ||
| Q2 24 | 32.5% | 52.4% | ||
| Q1 24 | 29.8% | 55.2% |
营业利润率CMBMPL
| Q4 25 | — | -22.6% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -34.4% | ||
| Q1 25 | — | -31.5% | ||
| Q4 24 | -28.4% | -36.9% | ||
| Q3 24 | -69.6% | -64.8% | ||
| Q2 24 | -27.2% | -57.2% | ||
| Q1 24 | -33.1% | -57.6% |
净利率CMBMPL
| Q4 25 | — | -72.8% | ||
| Q3 25 | — | -30.8% | ||
| Q2 25 | — | -19.1% | ||
| Q1 25 | — | -57.1% | ||
| Q4 24 | -17.9% | -32.8% | ||
| Q3 24 | -77.3% | -63.3% | ||
| Q2 24 | -31.5% | -48.5% | ||
| Q1 24 | -39.2% | -51.1% |
每股收益（稀释后）CMBMPL
| Q4 25 | — | $-0.19 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $-0.26 | $-0.07 | ||
| Q3 24 | $-1.22 | $-0.13 | ||
| Q2 24 | $-0.51 | $-0.10 | ||
| Q1 24 | $-0.66 | $-0.10 |
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 | — | $443.3M |
| 总债务越低越好 | $67.6M | — |
| 股东权益账面价值 | $-3.2M | $349.6M |
| 总资产 | $173.7M | $1.1B |
| 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CMBMPL
| Q4 25 | — | $443.3M | ||
| Q3 25 | — | $181.1M | ||
| Q2 25 | — | $133.5M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $139.0M | ||
| Q3 24 | — | $148.3M | ||
| Q2 24 | — | $107.4M | ||
| Q1 24 | — | $83.9M |
总债务CMBMPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
股东权益CMBMPL
| Q4 25 | — | $349.6M | ||
| Q3 25 | — | $435.7M | ||
| Q2 25 | — | $444.8M | ||
| Q1 25 | — | $441.3M | ||
| Q4 24 | $-3.2M | $464.6M | ||
| Q3 24 | $1.9M | $473.2M | ||
| Q2 24 | $34.1M | $500.3M | ||
| Q1 24 | $45.0M | $518.0M |
总资产CMBMPL
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $696.4M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $633.8M | ||
| Q4 24 | $173.7M | $630.8M | ||
| Q3 24 | $194.3M | $658.4M | ||
| Q2 24 | $221.1M | $674.6M | ||
| Q1 24 | $219.8M | $702.0M |
负债/权益比CMBMPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $1.9M |
| 自由现金流率自由现金流/营收 | -26.8% | 2.3% |
| 资本支出强度资本支出/营收 | 1.1% | 32.9% |
| 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 | $-21.4M | $40.7M |
8季度趋势，按日历期对齐
经营现金流CMBMPL
| Q4 25 | — | $28.6M | ||
| Q3 25 | — | $67.8M | ||
| Q2 25 | — | $17.3M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | $-10.4M | $4.1M | ||
| Q3 24 | $8.9M | $-7.9M | ||
| Q2 24 | $2.4M | $-4.3M | ||
| Q1 24 | $-15.9M | $-6.8M |
自由现金流CMBMPL
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | — | $-17.9M | ||
| Q4 24 | $-10.8M | $-3.6M | ||
| Q3 24 | $6.8M | $-23.0M | ||
| Q2 24 | $87.0K | $-14.2M | ||
| Q1 24 | $-17.4M | $-15.7M |
自由现金流率CMBMPL
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | -29.1% | ||
| Q4 24 | -26.8% | -5.8% | ||
| Q3 24 | 15.2% | -37.6% | ||
| Q2 24 | 0.2% | -23.6% | ||
| Q1 24 | -37.0% | -26.7% |
资本支出强度CMBMPL
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | 1.1% | 12.5% | ||
| Q3 24 | 4.8% | 24.8% | ||
| Q2 24 | 5.1% | 16.4% | ||
| Q1 24 | 3.3% | 15.1% |
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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
