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Traeger, Inc.（COOK）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
Traeger, Inc.的季度营收约是再鼎医药的1.1倍（$145.4M vs $127.1M），再鼎医药同比增速更快（17.1% vs -13.8%），Traeger, Inc.自由现金流更多（$14.2M vs $-26.7M），过去两年再鼎医药的营收复合增速更高（20.8% 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。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
COOK vs ZLAB — 直观对比
营收规模更大
COOK
是对方的1.1倍
$127.1M
营收增速更快
ZLAB
高出30.9%
-13.8%
自由现金流更多
COOK
多$40.9M
$-26.7M
两年增速更快
ZLAB
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $127.1M |
| 净利润 | $-17.2M | — |
| 毛利率 | 37.4% | 51.0% |
| 营业利润率 | -8.0% | -54.6% |
| 净利率 | -11.8% | — |
| 营收同比 | -13.8% | 17.1% |
| 净利润同比 | -147.2% | — |
| 每股收益（稀释后） | $-0.13 | $-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COOKZLAB
| Q4 25 | $145.4M | $127.1M | ||
| Q3 25 | $125.4M | $115.4M | ||
| Q2 25 | $145.5M | $109.1M | ||
| Q1 25 | $143.3M | $105.7M | ||
| Q4 24 | $168.6M | $108.5M | ||
| Q3 24 | $122.0M | $101.8M | ||
| Q2 24 | $168.5M | $100.1M | ||
| Q1 24 | $144.9M | $87.1M |
净利润COOKZLAB
| Q4 25 | $-17.2M | — | ||
| Q3 25 | $-89.8M | $-36.0M | ||
| Q2 25 | $-7.4M | $-40.7M | ||
| Q1 25 | $-778.0K | $-48.4M | ||
| Q4 24 | $-7.0M | — | ||
| Q3 24 | $-19.8M | $-41.7M | ||
| Q2 24 | $-2.6M | $-80.3M | ||
| Q1 24 | $-4.7M | $-53.5M |
毛利率COOKZLAB
| Q4 25 | 37.4% | 51.0% | ||
| Q3 25 | 38.7% | 59.5% | ||
| Q2 25 | 39.2% | 60.6% | ||
| Q1 25 | 41.5% | 63.6% | ||
| Q4 24 | 40.9% | 61.5% | ||
| Q3 24 | 42.3% | 64.1% | ||
| Q2 24 | 42.9% | 64.9% | ||
| Q1 24 | 43.2% | 61.4% |
营业利润率COOKZLAB
| Q4 25 | -8.0% | -54.6% | ||
| Q3 25 | -66.5% | -42.3% | ||
| Q2 25 | -4.2% | -50.3% | ||
| Q1 25 | 2.4% | -53.3% | ||
| Q4 24 | -0.1% | -62.6% | ||
| Q3 24 | -6.1% | -66.6% | ||
| Q2 24 | 2.8% | -76.0% | ||
| Q1 24 | -0.1% | -80.7% |
净利率COOKZLAB
| Q4 25 | -11.8% | — | ||
| Q3 25 | -71.6% | -31.2% | ||
| Q2 25 | -5.1% | -37.3% | ||
| Q1 25 | -0.5% | -45.8% | ||
| Q4 24 | -4.1% | — | ||
| Q3 24 | -16.2% | -40.9% | ||
| Q2 24 | -1.5% | -80.2% | ||
| Q1 24 | -3.2% | -61.4% |
每股收益（稀释后）COOKZLAB
| Q4 25 | $-0.13 | $-0.05 | ||
| Q3 25 | $-0.67 | $-0.03 | ||
| Q2 25 | $-0.06 | $-0.04 | ||
| Q1 25 | $-0.01 | $-0.04 | ||
| Q4 24 | $-0.06 | $-0.09 | ||
| Q3 24 | $-0.15 | $-0.04 | ||
| Q2 24 | $-0.02 | $-0.08 | ||
| Q1 24 | $-0.04 | $-0.05 |
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 | $689.6M |
| 总债务越低越好 | $403.3M | — |
| 股东权益账面价值 | $170.8M | $715.5M |
| 总资产 | $676.0M | $1.2B |
| 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COOKZLAB
| Q4 25 | $19.6M | $689.6M | ||
| Q3 25 | $5.9M | $717.2M | ||
| Q2 25 | $10.3M | $732.2M | ||
| Q1 25 | $12.0M | $757.3M | ||
| Q4 24 | $15.0M | $779.7M | ||
| Q3 24 | $16.9M | $616.1M | ||
| Q2 24 | $18.0M | $630.0M | ||
| Q1 24 | $23.6M | $650.8M |
总债务COOKZLAB
| Q4 25 | $403.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $403.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COOKZLAB
| Q4 25 | $170.8M | $715.5M | ||
| Q3 25 | $186.1M | $759.9M | ||
| Q2 25 | $274.2M | $791.7M | ||
| Q1 25 | $279.6M | $810.8M | ||
| Q4 24 | $276.4M | $840.9M | ||
| Q3 24 | $279.8M | $667.7M | ||
| Q2 24 | $297.3M | $704.2M | ||
| Q1 24 | $294.6M | $762.2M |
总资产COOKZLAB
| Q4 25 | $676.0M | $1.2B | ||
| Q3 25 | $689.6M | $1.2B | ||
| Q2 25 | $780.6M | $1.2B | ||
| Q1 25 | $825.6M | $1.2B | ||
| Q4 24 | $830.7M | $1.2B | ||
| Q3 24 | $818.1M | $985.3M | ||
| Q2 24 | $842.4M | $987.4M | ||
| Q1 24 | $862.1M | $988.4M |
负债/权益比COOKZLAB
| Q4 25 | 2.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $-26.7M |
| 自由现金流率自由现金流/营收 | 9.8% | -21.0% |
| 资本支出强度资本支出/营收 | 0.9% | 0.5% |
| 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 | $-158.9M |
8季度趋势，按日历期对齐
经营现金流COOKZLAB
| Q4 25 | $15.5M | $-26.0M | ||
| Q3 25 | $7.6M | $-32.0M | ||
| Q2 25 | $18.3M | $-31.0M | ||
| Q1 25 | $-20.8M | $-61.7M | ||
| Q4 24 | $7.5M | $-55.8M | ||
| Q3 24 | $15.1M | $-26.8M | ||
| Q2 24 | $13.9M | $-42.2M | ||
| Q1 24 | $-12.6M | $-90.1M |
自由现金流COOKZLAB
| Q4 25 | $14.2M | $-26.7M | ||
| Q3 25 | $6.4M | $-35.0M | ||
| Q2 25 | $15.7M | $-33.9M | ||
| Q1 25 | $-22.7M | $-63.2M | ||
| Q4 24 | $5.5M | $-58.4M | ||
| Q3 24 | $12.8M | $-28.2M | ||
| Q2 24 | $11.8M | $-42.9M | ||
| Q1 24 | $-18.3M | $-91.1M |
自由现金流率COOKZLAB
| Q4 25 | 9.8% | -21.0% | ||
| Q3 25 | 5.1% | -30.4% | ||
| Q2 25 | 10.8% | -31.1% | ||
| Q1 25 | -15.8% | -59.9% | ||
| Q4 24 | 3.3% | -53.8% | ||
| Q3 24 | 10.5% | -27.7% | ||
| Q2 24 | 7.0% | -42.9% | ||
| Q1 24 | -12.6% | -104.5% |
资本支出强度COOKZLAB
| Q4 25 | 0.9% | 0.5% | ||
| Q3 25 | 0.9% | 2.6% | ||
| Q2 25 | 1.8% | 2.6% | ||
| Q1 25 | 1.3% | 1.5% | ||
| Q4 24 | 1.2% | 2.4% | ||
| Q3 24 | 1.9% | 1.3% | ||
| Q2 24 | 1.2% | 0.7% | ||
| Q1 24 | 3.9% | 1.1% |
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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
