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CVRx, Inc.（CVRX）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是CVRx, Inc.的1.0倍（$16.4M vs $16.0M），LIGHTPATH TECHNOLOGIES INC净利率更高（-57.5% vs -74.5%，领先17.0%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 4.4%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-9.8M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs 22.0%）
CVRx, Inc.是一家处于商业化阶段的医疗科技企业，专注于慢性心血管疾病神经调节疗法的研发与商业化，旗舰产品Barostim系统用于治疗心力衰竭和难治性高血压，核心市场覆盖北美、欧洲，服务对常规药物治疗应答不佳的患者。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
CVRX vs LPTH — 直观对比
营收规模更大
LPTH
是对方的1.0倍
$16.0M
营收增速更快
LPTH
高出115.8%
4.4%
净利率更高
LPTH
高出17.0%
-74.5%
自由现金流更多
LPTH
多$11.8M
$-9.8M
两年增速更快
LPTH
近两年复合增速
22.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.0M | $16.4M |
| 净利润 | $-11.9M | $-9.4M |
| 毛利率 | 86.3% | 36.8% |
| 营业利润率 | -69.8% | -52.6% |
| 净利率 | -74.5% | -57.5% |
| 营收同比 | 4.4% | 120.2% |
| 净利润同比 | -12.0% | -260.1% |
| 每股收益（稀释后） | $-0.45 | $-0.20 |
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CVRXLPTH
| Q4 25 | $16.0M | $16.4M | ||
| Q3 25 | $14.7M | $15.1M | ||
| Q2 25 | $13.6M | $12.2M | ||
| Q1 25 | $12.3M | $9.2M | ||
| Q4 24 | $15.3M | $7.4M | ||
| Q3 24 | $13.4M | $8.4M | ||
| Q2 24 | $11.8M | $8.6M | ||
| Q1 24 | $10.8M | $7.7M |
净利润CVRXLPTH
| Q4 25 | $-11.9M | $-9.4M | ||
| Q3 25 | $-12.9M | $-2.9M | ||
| Q2 25 | $-14.7M | $-7.1M | ||
| Q1 25 | $-13.8M | $-3.6M | ||
| Q4 24 | $-10.7M | $-2.6M | ||
| Q3 24 | $-13.1M | $-1.6M | ||
| Q2 24 | $-14.0M | $-2.4M | ||
| Q1 24 | $-22.2M | $-2.6M |
毛利率CVRXLPTH
| Q4 25 | 86.3% | 36.8% | ||
| Q3 25 | 86.8% | 29.8% | ||
| Q2 25 | 84.3% | 22.0% | ||
| Q1 25 | 83.5% | 29.1% | ||
| Q4 24 | 83.2% | 26.0% | ||
| Q3 24 | 83.2% | 33.9% | ||
| Q2 24 | 83.9% | 29.2% | ||
| Q1 24 | 85.0% | 20.9% |
营业利润率CVRXLPTH
| Q4 25 | -69.8% | -52.6% | ||
| Q3 25 | -83.5% | -16.6% | ||
| Q2 25 | -105.8% | -38.0% | ||
| Q1 25 | -108.8% | -36.3% | ||
| Q4 24 | -67.0% | -33.5% | ||
| Q3 24 | -97.3% | -16.4% | ||
| Q2 24 | -118.3% | -25.6% | ||
| Q1 24 | -206.4% | -33.6% |
净利率CVRXLPTH
| Q4 25 | -74.5% | -57.5% | ||
| Q3 25 | -87.6% | -19.2% | ||
| Q2 25 | -108.4% | -57.8% | ||
| Q1 25 | -111.5% | -39.1% | ||
| Q4 24 | -69.4% | -35.2% | ||
| Q3 24 | -98.0% | -19.3% | ||
| Q2 24 | -118.8% | -27.3% | ||
| Q1 24 | -206.0% | -33.7% |
每股收益（稀释后）CVRXLPTH
| Q4 25 | $-0.45 | $-0.20 | ||
| Q3 25 | $-0.49 | $-0.07 | ||
| Q2 25 | $-0.57 | $0.19 | ||
| Q1 25 | $-0.53 | $-0.44 | ||
| Q4 24 | $-0.39 | $-0.07 | ||
| Q3 24 | $-0.57 | $-0.04 | ||
| Q2 24 | $-0.65 | $-0.15 | ||
| Q1 24 | $-1.04 | $-0.07 |
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 | $75.7M | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.3M | $77.9M |
| 总资产 | $104.8M | $148.6M |
| 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CVRXLPTH
| Q4 25 | $75.7M | $73.6M | ||
| Q3 25 | $85.1M | — | ||
| Q2 25 | $95.0M | $4.9M | ||
| Q1 25 | $102.7M | — | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $100.2M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $80.1M | — |
总债务CVRXLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $535.0K | ||
| Q1 24 | — | $599.4K |
股东权益CVRXLPTH
| Q4 25 | $39.3M | $77.9M | ||
| Q3 25 | $48.1M | $21.4M | ||
| Q2 25 | $57.9M | $15.6M | ||
| Q1 25 | $71.1M | $15.7M | ||
| Q4 24 | $71.1M | $26.7M | ||
| Q3 24 | $65.2M | $29.4M | ||
| Q2 24 | $55.2M | $30.2M | ||
| Q1 24 | $66.3M | $31.7M |
总资产CVRXLPTH
| Q4 25 | $104.8M | $148.6M | ||
| Q3 25 | $111.3M | $87.3M | ||
| Q2 25 | $119.6M | $81.5M | ||
| Q1 25 | $129.6M | $81.4M | ||
| Q4 24 | $133.4M | $45.8M | ||
| Q3 24 | $127.7M | $48.4M | ||
| Q2 24 | $96.0M | $48.1M | ||
| Q1 24 | $106.2M | $49.7M |
负债/权益比CVRXLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $-9.8M | $2.8M |
| 自由现金流经营现金流 - 资本支出 | $-9.8M | $2.0M |
| 自由现金流率自由现金流/营收 | -61.3% | 12.0% |
| 资本支出强度资本支出/营收 | 0.4% | 5.3% |
| 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 | $-40.8M | $-6.3M |
8季度趋势，按日历期对齐
经营现金流CVRXLPTH
| Q4 25 | $-9.8M | $2.8M | ||
| Q3 25 | $-9.7M | $-1.1M | ||
| Q2 25 | $-7.9M | $-2.6M | ||
| Q1 25 | $-12.8M | $-3.2M | ||
| Q4 24 | $-8.0M | $-737.4K | ||
| Q3 24 | $-10.4M | $-1.7M | ||
| Q2 24 | $-9.8M | $64.7K | ||
| Q1 24 | $-10.9M | $-394.2K |
自由现金流CVRXLPTH
| Q4 25 | $-9.8M | $2.0M | ||
| Q3 25 | $-10.0M | $-1.2M | ||
| Q2 25 | $-8.0M | $-3.3M | ||
| Q1 25 | $-12.9M | $-3.7M | ||
| Q4 24 | $-8.1M | $-817.8K | ||
| Q3 24 | $-10.4M | $-1.8M | ||
| Q2 24 | $-10.2M | $-225.5K | ||
| Q1 24 | $-11.8M | $-802.5K |
自由现金流率CVRXLPTH
| Q4 25 | -61.3% | 12.0% | ||
| Q3 25 | -68.1% | -8.1% | ||
| Q2 25 | -59.2% | -27.3% | ||
| Q1 25 | -104.3% | -40.0% | ||
| Q4 24 | -52.5% | -11.0% | ||
| Q3 24 | -78.1% | -21.2% | ||
| Q2 24 | -86.3% | -2.6% | ||
| Q1 24 | -109.7% | -10.4% |
资本支出强度CVRXLPTH
| Q4 25 | 0.4% | 5.3% | ||
| Q3 25 | 2.0% | 0.5% | ||
| Q2 25 | 0.8% | 5.6% | ||
| Q1 25 | 0.9% | 4.6% | ||
| Q4 24 | 0.3% | 1.1% | ||
| Q3 24 | 0.3% | 0.9% | ||
| Q2 24 | 3.0% | 3.4% | ||
| Q1 24 | 8.5% | 5.3% |
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
CVRX
| US | $14.9M | 93% |
| Other | $1.1M | 7% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
