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Traeger, Inc.（COOK）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是Traeger, Inc.的1.5倍（$225.2M vs $145.4M），Traeger, Inc.净利率更高（-11.8% vs -375.6%，领先363.8%），PLUG POWER INC同比增速更快（17.6% vs -13.8%），Traeger, Inc.自由现金流更多（$14.2M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 0.2%）
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
COOK vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.5倍
$145.4M
营收增速更快
PLUG
高出31.4%
-13.8%
净利率更高
COOK
高出363.8%
-375.6%
自由现金流更多
COOK
多$167.2M
$-153.0M
两年增速更快
PLUG
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $225.2M |
| 净利润 | $-17.2M | $-846.0M |
| 毛利率 | 37.4% | 2.4% |
| 营业利润率 | -8.0% | -338.9% |
| 净利率 | -11.8% | -375.6% |
| 营收同比 | -13.8% | 17.6% |
| 净利润同比 | -147.2% | 36.7% |
| 每股收益（稀释后） | $-0.13 | $-0.70 |
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COOKPLUG
| Q4 25 | $145.4M | $225.2M | ||
| Q3 25 | $125.4M | $177.1M | ||
| Q2 25 | $145.5M | $174.0M | ||
| Q1 25 | $143.3M | $133.7M | ||
| Q4 24 | $168.6M | $191.5M | ||
| Q3 24 | $122.0M | $173.7M | ||
| Q2 24 | $168.5M | $143.3M | ||
| Q1 24 | $144.9M | $120.3M |
净利润COOKPLUG
| Q4 25 | $-17.2M | $-846.0M | ||
| Q3 25 | $-89.8M | $-361.9M | ||
| Q2 25 | $-7.4M | $-227.1M | ||
| Q1 25 | $-778.0K | $-196.7M | ||
| Q4 24 | $-7.0M | $-1.3B | ||
| Q3 24 | $-19.8M | $-211.2M | ||
| Q2 24 | $-2.6M | $-262.3M | ||
| Q1 24 | $-4.7M | $-295.8M |
毛利率COOKPLUG
| Q4 25 | 37.4% | 2.4% | ||
| Q3 25 | 38.7% | -67.9% | ||
| Q2 25 | 39.2% | -30.7% | ||
| Q1 25 | 41.5% | -55.3% | ||
| Q4 24 | 40.9% | -122.5% | ||
| Q3 24 | 42.3% | -57.6% | ||
| Q2 24 | 42.9% | -91.6% | ||
| Q1 24 | 43.2% | -132.3% |
营业利润率COOKPLUG
| Q4 25 | -8.0% | -338.9% | ||
| Q3 25 | -66.5% | -197.0% | ||
| Q2 25 | -4.2% | -101.7% | ||
| Q1 25 | 2.4% | -133.5% | ||
| Q4 24 | -0.1% | -678.7% | ||
| Q3 24 | -6.1% | -124.4% | ||
| Q2 24 | 2.8% | -170.7% | ||
| Q1 24 | -0.1% | -215.7% |
净利率COOKPLUG
| Q4 25 | -11.8% | -375.6% | ||
| Q3 25 | -71.6% | -204.4% | ||
| Q2 25 | -5.1% | -130.5% | ||
| Q1 25 | -0.5% | -147.1% | ||
| Q4 24 | -4.1% | -697.5% | ||
| Q3 24 | -16.2% | -121.5% | ||
| Q2 24 | -1.5% | -183.0% | ||
| Q1 24 | -3.2% | -245.9% |
每股收益（稀释后）COOKPLUG
| Q4 25 | $-0.13 | $-0.70 | ||
| Q3 25 | $-0.67 | $-0.31 | ||
| Q2 25 | $-0.06 | $-0.20 | ||
| Q1 25 | $-0.01 | $-0.21 | ||
| Q4 24 | $-0.06 | $-1.61 | ||
| Q3 24 | $-0.15 | $-0.25 | ||
| Q2 24 | $-0.02 | $-0.36 | ||
| Q1 24 | $-0.04 | $-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 | $19.6M | $368.5M |
| 总债务越低越好 | $403.3M | — |
| 股东权益账面价值 | $170.8M | $978.1M |
| 总资产 | $676.0M | $2.6B |
| 负债/权益比越低杠杆越低 | 2.36× | — |
8季度趋势，按日历期对齐
现金及短期投资COOKPLUG
| Q4 25 | $19.6M | $368.5M | ||
| Q3 25 | $5.9M | $165.9M | ||
| Q2 25 | $10.3M | $140.7M | ||
| Q1 25 | $12.0M | $295.8M | ||
| Q4 24 | $15.0M | $205.7M | ||
| Q3 24 | $16.9M | $93.9M | ||
| Q2 24 | $18.0M | $62.4M | ||
| Q1 24 | $23.6M | $172.9M |
总债务COOKPLUG
| Q4 25 | $403.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $403.6M | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益COOKPLUG
| Q4 25 | $170.8M | $978.1M | ||
| Q3 25 | $186.1M | $1.4B | ||
| Q2 25 | $274.2M | $1.7B | ||
| Q1 25 | $279.6M | $1.9B | ||
| Q4 24 | $276.4M | $1.7B | ||
| Q3 24 | $279.8M | $3.0B | ||
| Q2 24 | $297.3M | $3.0B | ||
| Q1 24 | $294.6M | $2.9B |
总资产COOKPLUG
| Q4 25 | $676.0M | $2.6B | ||
| Q3 25 | $689.6M | $3.1B | ||
| Q2 25 | $780.6M | $3.4B | ||
| Q1 25 | $825.6M | $3.6B | ||
| Q4 24 | $830.7M | $3.6B | ||
| Q3 24 | $818.1M | $4.7B | ||
| Q2 24 | $842.4M | $4.8B | ||
| Q1 24 | $862.1M | $4.8B |
负债/权益比COOKPLUG
| Q4 25 | 2.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $15.5M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $-153.0M |
| 自由现金流率自由现金流/营收 | 9.8% | -67.9% |
| 资本支出强度资本支出/营收 | 0.9% | 1.9% |
| 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 | $13.6M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流COOKPLUG
| Q4 25 | $15.5M | $-148.6M | ||
| Q3 25 | $7.6M | $-89.8M | ||
| Q2 25 | $18.3M | $-191.8M | ||
| Q1 25 | $-20.8M | $-105.6M | ||
| Q4 24 | $7.5M | $-131.2M | ||
| Q3 24 | $15.1M | $-174.9M | ||
| Q2 24 | $13.9M | $-254.7M | ||
| Q1 24 | $-12.6M | $-167.7M |
自由现金流COOKPLUG
| Q4 25 | $14.2M | $-153.0M | ||
| Q3 25 | $6.4M | $-117.5M | ||
| Q2 25 | $15.7M | $-230.4M | ||
| Q1 25 | $-22.7M | $-146.0M | ||
| Q4 24 | $5.5M | $-165.2M | ||
| Q3 24 | $12.8M | $-234.2M | ||
| Q2 24 | $11.8M | $-356.0M | ||
| Q1 24 | $-18.3M | $-260.3M |
自由现金流率COOKPLUG
| Q4 25 | 9.8% | -67.9% | ||
| Q3 25 | 5.1% | -66.4% | ||
| Q2 25 | 10.8% | -132.5% | ||
| Q1 25 | -15.8% | -109.2% | ||
| Q4 24 | 3.3% | -86.3% | ||
| Q3 24 | 10.5% | -134.8% | ||
| Q2 24 | 7.0% | -248.4% | ||
| Q1 24 | -12.6% | -216.5% |
资本支出强度COOKPLUG
| Q4 25 | 0.9% | 1.9% | ||
| Q3 25 | 0.9% | 15.6% | ||
| Q2 25 | 1.8% | 22.2% | ||
| Q1 25 | 1.3% | 30.3% | ||
| Q4 24 | 1.2% | 17.7% | ||
| Q3 24 | 1.9% | 34.1% | ||
| Q2 24 | 1.2% | 70.7% | ||
| Q1 24 | 3.9% | 77.0% |
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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
