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Cambium Networks Corp（CMBM）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Cambium Networks Corp的1.2倍（$47.1M vs $40.3M），Cambium Networks Corp净利率更高（-17.9% vs -33.9%，领先16.0%），STEM, INC.同比增速更快（-15.6% vs -23.2%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
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。
CMBM vs STEM — 直观对比
营收规模更大
STEM
是对方的1.2倍
$40.3M
营收增速更快
STEM
高出7.6%
-23.2%
净利率更高
CMBM
高出16.0%
-33.9%
两年增速更快
STEM
近两年复合增速
-27.2%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $47.1M |
| 净利润 | $-7.2M | $-16.0M |
| 毛利率 | 36.6% | 48.9% |
| 营业利润率 | -28.4% | -17.7% |
| 净利率 | -17.9% | -33.9% |
| 营收同比 | -23.2% | -15.6% |
| 净利润同比 | 71.0% | 68.8% |
| 每股收益（稀释后） | $-0.26 | $-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CMBMSTEM
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $38.2M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | $40.3M | $55.8M | ||
| Q3 24 | $44.7M | $29.3M | ||
| Q2 24 | $45.2M | $34.0M | ||
| Q1 24 | $47.1M | $25.5M |
净利润CMBMSTEM
| Q4 25 | — | $-16.0M | ||
| Q3 25 | — | $-23.8M | ||
| Q2 25 | — | $202.5M | ||
| Q1 25 | — | $-25.0M | ||
| Q4 24 | $-7.2M | $-51.1M | ||
| Q3 24 | $-34.5M | $-148.3M | ||
| Q2 24 | $-14.2M | $-582.3M | ||
| Q1 24 | $-18.4M | $-72.3M |
毛利率CMBMSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | 36.6% | -4.4% | ||
| Q3 24 | 43.6% | 21.2% | ||
| Q2 24 | 32.5% | 27.6% | ||
| Q1 24 | 29.8% | -95.0% |
营业利润率CMBMSTEM
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | -33.6% | ||
| Q2 25 | — | -34.8% | ||
| Q1 25 | — | -65.0% | ||
| Q4 24 | -28.4% | -84.4% | ||
| Q3 24 | -69.6% | -493.2% | ||
| Q2 24 | -27.2% | -1705.5% | ||
| Q1 24 | -33.1% | -267.0% |
净利率CMBMSTEM
| Q4 25 | — | -33.9% | ||
| Q3 25 | — | -62.2% | ||
| Q2 25 | — | 527.8% | ||
| Q1 25 | — | -76.9% | ||
| Q4 24 | -17.9% | -91.6% | ||
| Q3 24 | -77.3% | -506.3% | ||
| Q2 24 | -31.5% | -1712.6% | ||
| Q1 24 | -39.2% | -283.9% |
每股收益（稀释后）CMBMSTEM
| Q4 25 | — | $-4.40 | ||
| Q3 25 | — | $-2.84 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-0.26 | $-15.29 | ||
| Q3 24 | $-1.22 | $-18.24 | ||
| Q2 24 | $-0.51 | $-71.81 | ||
| Q1 24 | $-0.66 | $-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 | — | $48.9M |
| 总债务越低越好 | $67.6M | — |
| 股东权益账面价值 | $-3.2M | $-249.4M |
| 总资产 | $173.7M | $308.9M |
| 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CMBMSTEM
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
总债务CMBMSTEM
| 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CMBMSTEM
| Q4 25 | — | $-249.4M | ||
| Q3 25 | — | $-235.7M | ||
| Q2 25 | — | $-214.1M | ||
| Q1 25 | — | $-417.5M | ||
| Q4 24 | $-3.2M | $-398.4M | ||
| Q3 24 | $1.9M | $-344.1M | ||
| Q2 24 | $34.1M | $-203.2M | ||
| Q1 24 | $45.0M | $371.6M |
总资产CMBMSTEM
| Q4 25 | — | $308.9M | ||
| Q3 25 | — | $362.6M | ||
| Q2 25 | — | $379.2M | ||
| Q1 25 | — | $405.1M | ||
| Q4 24 | $173.7M | $437.4M | ||
| Q3 24 | $194.3M | $537.8M | ||
| Q2 24 | $221.1M | $691.5M | ||
| Q1 24 | $219.8M | $1.3B |
负债/权益比CMBMSTEM
| 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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | — |
| 自由现金流率自由现金流/营收 | -26.8% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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CMBMSTEM
| Q4 25 | — | $8.2M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $-21.3M | ||
| Q1 25 | — | $8.5M | ||
| Q4 24 | $-10.4M | $-14.7M | ||
| Q3 24 | $8.9M | $-9.4M | ||
| Q2 24 | $2.4M | $-11.9M | ||
| Q1 24 | $-15.9M | $-621.0K |
自由现金流CMBMSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — |
自由现金流率CMBMSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — |
资本支出强度CMBMSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 3.3% | — |
现金转化率CMBMSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
STEM
暂无分部数据
