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Core Scientific, Inc.（CORZ）与PAMT CORP（PAMT）财务数据对比。点击上方公司名可切换其他公司
PAMT CORP的季度营收约是Core Scientific, Inc.的1.8倍（$141.3M vs $79.8M），Core Scientific, Inc.净利率更高（268.5% vs -20.7%，领先289.2%），PAMT CORP同比增速更快（-15.1% vs -16.0%），PAMT CORP自由现金流更多（$-25.0M vs $-450.8M），过去两年PAMT CORP的营收复合增速更高（-12.0% vs -33.3%）
Core Scientific是全球领先的数字资产与高性能计算基础设施服务商，在北美多地运营高能效大型数据中心，主营加密货币挖矿业务，同时为区块链、人工智能领域客户提供托管及定制化算力解决方案。
CORZ vs PAMT — 直观对比
营收规模更大
PAMT
是对方的1.8倍
$79.8M
营收增速更快
PAMT
高出0.8%
-16.0%
净利率更高
CORZ
高出289.2%
-20.7%
自由现金流更多
PAMT
多$425.8M
$-450.8M
两年增速更快
PAMT
近两年复合增速
-33.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $79.8M | $141.3M |
| 净利润 | $214.2M | $-29.3M |
| 毛利率 | 26.0% | — |
| 营业利润率 | -149.5% | -27.0% |
| 净利率 | 268.5% | -20.7% |
| 营收同比 | -16.0% | -15.1% |
| 净利润同比 | 180.6% | 7.4% |
| 每股收益（稀释后） | $-1.63 | $-1.38 |
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CORZPAMT
| Q4 25 | $79.8M | $141.3M | ||
| Q3 25 | $81.1M | $150.3M | ||
| Q2 25 | $78.6M | $151.1M | ||
| Q1 25 | $79.5M | $155.3M | ||
| Q4 24 | $94.9M | $166.5M | ||
| Q3 24 | $95.4M | $182.6M | ||
| Q2 24 | $141.1M | $182.9M | ||
| Q1 24 | $179.3M | $182.6M |
净利润CORZPAMT
| Q4 25 | $214.2M | $-29.3M | ||
| Q3 25 | $-144.0M | $-5.6M | ||
| Q2 25 | $-936.8M | $-9.6M | ||
| Q1 25 | $576.3M | $-8.1M | ||
| Q4 24 | $-265.5M | $-31.6M | ||
| Q3 24 | $-455.3M | $2.4M | ||
| Q2 24 | $-902.2M | $-2.9M | ||
| Q1 24 | $210.7M | $281.0K |
毛利率CORZPAMT
| Q4 25 | 26.0% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 27.5% | — | ||
| Q1 24 | 43.3% | — |
营业利润率CORZPAMT
| Q4 25 | -149.5% | -27.0% | ||
| Q3 25 | -67.6% | -3.8% | ||
| Q2 25 | -33.4% | -7.3% | ||
| Q1 25 | -59.1% | -5.9% | ||
| Q4 24 | -41.9% | -22.6% | ||
| Q3 24 | -43.2% | 1.3% | ||
| Q2 24 | -64.3% | -0.4% | ||
| Q1 24 | 30.8% | -0.4% |
净利率CORZPAMT
| Q4 25 | 268.5% | -20.7% | ||
| Q3 25 | -177.6% | -3.7% | ||
| Q2 25 | -1191.4% | -6.4% | ||
| Q1 25 | 724.6% | -5.2% | ||
| Q4 24 | -279.7% | -19.0% | ||
| Q3 24 | -477.4% | 1.3% | ||
| Q2 24 | -639.4% | -1.6% | ||
| Q1 24 | 117.5% | 0.2% |
每股收益（稀释后）CORZPAMT
| Q4 25 | $-1.63 | $-1.38 | ||
| Q3 25 | $-0.45 | $-0.27 | ||
| Q2 25 | $-0.04 | $-0.46 | ||
| Q1 25 | $1.24 | $-0.37 | ||
| Q4 24 | $0.51 | $-1.44 | ||
| Q3 24 | $-1.17 | $0.11 | ||
| Q2 24 | $-5.05 | $-0.13 | ||
| Q1 24 | $0.78 | $0.01 |
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 | $311.4M | $83.7M |
| 总债务越低越好 | — | $333.9M |
| 股东权益账面价值 | $-962.7M | $210.5M |
| 总资产 | $2.3B | $697.9M |
| 负债/权益比越低杠杆越低 | — | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资CORZPAMT
| Q4 25 | $311.4M | $83.7M | ||
| Q3 25 | $453.4M | $115.6M | ||
| Q2 25 | $581.3M | $117.3M | ||
| Q1 25 | $697.9M | $102.7M | ||
| Q4 24 | $836.2M | $110.7M | ||
| Q3 24 | $253.0M | $92.3M | ||
| Q2 24 | $96.1M | $114.0M | ||
| Q1 24 | $98.1M | $125.8M |
总债务CORZPAMT
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CORZPAMT
| Q4 25 | $-962.7M | $210.5M | ||
| Q3 25 | $-1.3B | $239.5M | ||
| Q2 25 | $-1.2B | $244.9M | ||
| Q1 25 | $-308.8M | $269.6M | ||
| Q4 24 | $-943.0M | $277.5M | ||
| Q3 24 | $-826.7M | $308.9M | ||
| Q2 24 | $-1.2B | $306.7M | ||
| Q1 24 | $-318.5M | $314.6M |
总资产CORZPAMT
| Q4 25 | $2.3B | $697.9M | ||
| Q3 25 | $2.2B | $715.2M | ||
| Q2 25 | $1.9B | $707.9M | ||
| Q1 25 | $1.5B | $712.6M | ||
| Q4 24 | $1.5B | $741.7M | ||
| Q3 24 | $824.6M | $756.7M | ||
| Q2 24 | $664.2M | $733.5M | ||
| Q1 24 | $814.0M | $746.4M |
负债/权益比CORZPAMT
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $278.3M | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $-450.8M | $-25.0M |
| 自由现金流率自由现金流/营收 | -565.1% | -17.7% |
| 资本支出强度资本支出/营收 | 914.0% | 13.6% |
| 现金转化率经营现金流/净利润 | 1.30× | — |
| 过去12个月自由现金流最近4个季度 | $-779.8M | $-23.4M |
8季度趋势，按日历期对齐
经营现金流CORZPAMT
| Q4 25 | $278.3M | $-5.8M | ||
| Q3 25 | $131.8M | $5.9M | ||
| Q2 25 | $34.0M | $12.2M | ||
| Q1 25 | $-45.0M | $5.0M | ||
| Q4 24 | $42.9M | $15.2M | ||
| Q3 24 | $5.7M | $15.5M | ||
| Q2 24 | $1.2M | $18.7M | ||
| Q1 24 | $22.2M | $9.6M |
自由现金流CORZPAMT
| Q4 25 | $-450.8M | $-25.0M | ||
| Q3 25 | $-112.7M | $2.5M | ||
| Q2 25 | $-87.3M | $5.9M | ||
| Q1 25 | $-129.0M | $-6.8M | ||
| Q4 24 | $-52.1M | $-39.9M | ||
| Q3 24 | $-25.5M | $-33.6M | ||
| Q2 24 | $-1.9M | $4.1M | ||
| Q1 24 | $-9.7M | $-12.2M |
自由现金流率CORZPAMT
| Q4 25 | -565.1% | -17.7% | ||
| Q3 25 | -139.0% | 1.7% | ||
| Q2 25 | -111.0% | 3.9% | ||
| Q1 25 | -162.2% | -4.4% | ||
| Q4 24 | -54.8% | -24.0% | ||
| Q3 24 | -26.7% | -18.4% | ||
| Q2 24 | -1.4% | 2.2% | ||
| Q1 24 | -5.4% | -6.7% |
资本支出强度CORZPAMT
| Q4 25 | 914.0% | 13.6% | ||
| Q3 25 | 301.5% | 2.3% | ||
| Q2 25 | 154.2% | 4.2% | ||
| Q1 25 | 105.6% | 7.6% | ||
| Q4 24 | 100.0% | 33.1% | ||
| Q3 24 | 32.7% | 26.9% | ||
| Q2 24 | 2.2% | 8.0% | ||
| Q1 24 | 17.8% | 12.0% |
现金转化率CORZPAMT
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | 34.11× |
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
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
