vs
Envoy Medical, Inc.（COCH）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Envoy Medical, Inc.的6812.2倍（$510.9M vs $75.0K）。MSA Safety Inc净利率更高（17.0% vs -8781.3%，领先8798.3%）。Envoy Medical, Inc.同比增速更快（78.6% vs 2.2%）。MSA Safety Inc自由现金流更多（$106.0M vs $-5.9M）。过去两年Envoy Medical, Inc.的营收复合增速更高（12.7% vs 11.2%）
Envoy Medical是一家专注于植入式听力解决方案研发和商业化的医疗科技企业，核心产品为全植入式中耳听力设备，主要服务于使用常规外置助听器效果不佳的感音神经性听力损失患者，市场覆盖北美、欧洲等地区。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
COCH vs MSA — 直观对比
营收规模更大
MSA
是对方的6812.2倍
$75.0K
营收增速更快
COCH
高出76.3%
2.2%
净利率更高
MSA
高出8798.3%
-8781.3%
自由现金流更多
MSA
多$111.9M
$-5.9M
两年增速更快
COCH
近两年复合增速
11.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.0K | $510.9M |
| 净利润 | $-6.6M | $86.9M |
| 毛利率 | -181.3% | 46.9% |
| 营业利润率 | -8513.3% | 22.3% |
| 净利率 | -8781.3% | 17.0% |
| 营收同比 | 78.6% | 2.2% |
| 净利润同比 | -42.6% | -1.2% |
| 每股收益（稀释后） | $-0.27 | $2.22 |
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COCHMSA
| Q4 25 | $75.0K | $510.9M | ||
| Q3 25 | $42.0K | $468.4M | ||
| Q2 25 | $78.0K | $474.1M | ||
| Q1 25 | $46.0K | $421.3M | ||
| Q4 24 | $42.0K | $499.7M | ||
| Q3 24 | $56.0K | $432.7M | ||
| Q2 24 | $68.0K | $462.5M | ||
| Q1 24 | $59.0K | $413.3M |
净利润COCHMSA
| Q4 25 | $-6.6M | $86.9M | ||
| Q3 25 | $-6.5M | $69.6M | ||
| Q2 25 | $-5.7M | $62.8M | ||
| Q1 25 | $-5.0M | $59.6M | ||
| Q4 24 | $-4.6M | $87.9M | ||
| Q3 24 | $-6.0M | $66.6M | ||
| Q2 24 | $-3.9M | $72.2M | ||
| Q1 24 | $-6.3M | $58.1M |
毛利率COCHMSA
| Q4 25 | -181.3% | 46.9% | ||
| Q3 25 | -383.3% | 46.5% | ||
| Q2 25 | -200.0% | 46.6% | ||
| Q1 25 | -391.3% | 45.9% | ||
| Q4 24 | -273.8% | 46.9% | ||
| Q3 24 | -233.9% | 47.9% | ||
| Q2 24 | -260.3% | 48.2% | ||
| Q1 24 | -159.3% | 47.3% |
营业利润率COCHMSA
| Q4 25 | -8513.3% | 22.3% | ||
| Q3 25 | -13590.5% | 20.1% | ||
| Q2 25 | -6500.0% | 18.1% | ||
| Q1 25 | -11102.2% | 18.5% | ||
| Q4 24 | -10828.6% | 23.5% | ||
| Q3 24 | -8878.6% | 21.1% | ||
| Q2 24 | -7135.3% | 21.6% | ||
| Q1 24 | -8278.0% | 19.4% |
净利率COCHMSA
| Q4 25 | -8781.3% | 17.0% | ||
| Q3 25 | -15433.3% | 14.9% | ||
| Q2 25 | -7294.9% | 13.2% | ||
| Q1 25 | -10865.2% | 14.1% | ||
| Q4 24 | -10995.2% | 17.6% | ||
| Q3 24 | -10642.9% | 15.4% | ||
| Q2 24 | -5804.4% | 15.6% | ||
| Q1 24 | -10627.1% | 14.1% |
每股收益（稀释后）COCHMSA
| Q4 25 | $-0.27 | $2.22 | ||
| Q3 25 | $-0.35 | $1.77 | ||
| Q2 25 | $-0.32 | $1.59 | ||
| Q1 25 | $-0.29 | $1.51 | ||
| Q4 24 | $-0.40 | $2.22 | ||
| Q3 24 | $-0.39 | $1.69 | ||
| Q2 24 | $-0.29 | $1.83 | ||
| Q1 24 | $-0.41 | $1.47 |
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 | — | $165.1M |
| 总债务越低越好 | — | $580.9M |
| 股东权益账面价值 | $-12.2M | $1.4B |
| 总资产 | $8.6M | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资COCHMSA
| Q4 25 | — | $165.1M | ||
| Q3 25 | — | $170.0M | ||
| Q2 25 | — | $147.0M | ||
| Q1 25 | — | $170.6M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | — | $154.4M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $148.3M |
总债务COCHMSA
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | — | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M | ||
| Q1 24 | — | $596.2M |
股东权益COCHMSA
| Q4 25 | $-12.2M | $1.4B | ||
| Q3 25 | $-7.7M | $1.3B | ||
| Q2 25 | $-29.9M | $1.3B | ||
| Q1 25 | $-24.2M | $1.2B | ||
| Q4 24 | $-18.8M | $1.1B | ||
| Q3 24 | $-18.5M | $1.1B | ||
| Q2 24 | $-12.4M | $1.0B | ||
| Q1 24 | $-7.4M | $994.8M |
总资产COCHMSA
| Q4 25 | $8.6M | $2.6B | ||
| Q3 25 | $8.2M | $2.6B | ||
| Q2 25 | $9.9M | $2.6B | ||
| Q1 25 | $10.4M | $2.2B | ||
| Q4 24 | $11.5M | $2.2B | ||
| Q3 24 | $9.4M | $2.2B | ||
| Q2 24 | $6.7M | $2.2B | ||
| Q1 24 | $8.5M | $2.2B |
负债/权益比COCHMSA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.60× |
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 | $-5.7M | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $-5.9M | $106.0M |
| 自由现金流率自由现金流/营收 | -7809.3% | 20.8% |
| 资本支出强度资本支出/营收 | 229.3% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流COCHMSA
| Q4 25 | $-5.7M | $122.4M | ||
| Q3 25 | $-4.3M | $112.5M | ||
| Q2 25 | $-4.5M | $67.2M | ||
| Q1 25 | $-3.7M | $61.8M | ||
| Q4 24 | $-5.1M | $107.9M | ||
| Q3 24 | $-2.6M | $84.3M | ||
| Q2 24 | $-4.6M | $53.3M | ||
| Q1 24 | $-5.6M | $50.9M |
自由现金流COCHMSA
| Q4 25 | $-5.9M | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | $-4.5M | $37.9M | ||
| Q1 25 | $-3.7M | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | $-3.8M | $70.1M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | $-5.7M | $39.7M |
自由现金流率COCHMSA
| Q4 25 | -7809.3% | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | -5719.2% | 8.0% | ||
| Q1 25 | -8110.9% | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | -6750.0% | 16.2% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | -9657.6% | 9.6% |
资本支出强度COCHMSA
| Q4 25 | 229.3% | 3.2% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 1.3% | 6.2% | ||
| Q1 25 | 13.0% | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 2066.1% | 3.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 184.7% | 2.7% |
现金转化率COCHMSA
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.88× |
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
COCH
暂无分部数据
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
