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DBV Technologies S.A.（DBVT）与SES AI Corp（SES）财务数据对比。点击上方公司名可切换其他公司
SES AI Corp的季度营收约是DBV Technologies S.A.的1.6倍（$4.6M vs $2.8M），SES AI Corp净利率更高（-373.5% vs -1195.5%，领先822.1%），SES AI Corp自由现金流更多（$-11.1M vs $-32.6M）
DBV Technologies是一家总部位于法国巴涅的公开上市生物制药企业，核心研发成果为Viaskin给药技术，可在不进入血液循环的前提下，让过敏原或抗原作用于完整皮肤。其花生过敏疗法Viaskin Peanut的临床开发，已获得美国食品药品监督管理局授予快速通道资格。
SES是卢森堡的通信卫星运营商，为全球的广播电视机构、内容提供商、互联网服务供应商、移动与固网运营商，以及各类政府与公共机构提供视频传输和数据连接服务。
DBVT vs SES — 直观对比
营收规模更大
SES
是对方的1.6倍
$2.8M
净利率更高
SES
高出822.1%
-1195.5%
自由现金流更多
SES
多$21.4M
$-32.6M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8M | $4.6M |
| 净利润 | $-33.2M | $-17.0M |
| 毛利率 | — | 11.3% |
| 营业利润率 | -1235.7% | -387.7% |
| 净利率 | -1195.5% | -373.5% |
| 营收同比 | 158.8% | — |
| 净利润同比 | -8.9% | 50.7% |
| 每股收益（稀释后） | $-0.24 | $-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DBVTSES
| Q4 25 | — | $4.6M | ||
| Q3 25 | $2.8M | $7.1M | ||
| Q2 25 | $1.5M | $3.5M | ||
| Q1 25 | — | $5.8M | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $1.4M | — | ||
| Q4 23 | $8.9M | — | ||
| Q3 23 | $2.4M | — |
净利润DBVTSES
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $-33.2M | $-20.9M | ||
| Q2 25 | $-41.9M | $-22.7M | ||
| Q1 25 | — | $-12.4M | ||
| Q2 24 | $-33.1M | — | ||
| Q1 24 | $-27.3M | — | ||
| Q4 23 | $134.3M | — | ||
| Q3 23 | $-16.7M | — |
毛利率DBVTSES
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 51.1% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 78.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
营业利润率DBVTSES
| Q4 25 | — | -387.7% | ||
| Q3 25 | -1235.7% | -262.0% | ||
| Q2 25 | -2806.2% | -652.3% | ||
| Q1 25 | — | -401.7% | ||
| Q2 24 | -2914.9% | — | ||
| Q1 24 | -2029.7% | — | ||
| Q4 23 | -134.3% | — | ||
| Q3 23 | -770.2% | — |
净利率DBVTSES
| Q4 25 | — | -373.5% | ||
| Q3 25 | -1195.5% | -293.9% | ||
| Q2 25 | -2858.4% | -642.2% | ||
| Q1 25 | — | -214.6% | ||
| Q2 24 | -2852.4% | — | ||
| Q1 24 | -1943.5% | — | ||
| Q4 23 | 1512.8% | — | ||
| Q3 23 | -705.6% | — |
每股收益（稀释后）DBVTSES
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-0.24 | $-0.06 | ||
| Q2 25 | $-0.31 | $-0.07 | ||
| Q1 25 | — | $-0.04 | ||
| Q2 24 | $-0.34 | — | ||
| Q1 24 | $-0.28 | — | ||
| Q4 23 | $-0.11 | — | ||
| Q3 23 | $-0.17 | — |
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 | $69.8M | $29.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $52.9M | $214.8M |
| 总资产 | $110.5M | $272.6M |
| 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DBVTSES
| Q4 25 | — | $29.5M | ||
| Q3 25 | $69.8M | $35.3M | ||
| Q2 25 | $103.2M | $11.8M | ||
| Q1 25 | — | $56.1M | ||
| Q2 24 | $66.2M | — | ||
| Q1 24 | $101.5M | — | ||
| Q4 23 | $141.4M | — | ||
| Q3 23 | $149.1M | — |
股东权益DBVTSES
| Q4 25 | — | $214.8M | ||
| Q3 25 | $52.9M | $228.2M | ||
| Q2 25 | $86.2M | $249.2M | ||
| Q1 25 | — | $269.9M | ||
| Q2 24 | $79.1M | — | ||
| Q1 24 | $111.7M | — | ||
| Q4 23 | $140.2M | — | ||
| Q3 23 | $144.0M | — |
总资产DBVTSES
| Q4 25 | — | $272.6M | ||
| Q3 25 | $110.5M | $288.8M | ||
| Q2 25 | $143.4M | $290.5M | ||
| Q1 25 | — | $306.0M | ||
| Q2 24 | $114.2M | — | ||
| Q1 24 | $145.9M | — | ||
| Q4 23 | $183.0M | — | ||
| Q3 23 | $189.8M | — |
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 | $-32.4M | $-10.4M |
| 自由现金流经营现金流 - 资本支出 | $-32.6M | $-11.1M |
| 自由现金流率自由现金流/营收 | -1173.5% | -243.7% |
| 资本支出强度资本支出/营收 | 4.2% | 15.6% |
| 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 | $-138.3M | $-61.2M |
8季度趋势，按日历期对齐
经营现金流DBVTSES
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $-32.4M | $-14.3M | ||
| Q2 25 | $-33.9M | $-10.8M | ||
| Q1 25 | — | $-22.8M | ||
| Q2 24 | $-35.1M | — | ||
| Q1 24 | $-34.7M | — | ||
| Q4 23 | $-13.7M | — | ||
| Q3 23 | $-19.6M | — |
自由现金流DBVTSES
| Q4 25 | — | $-11.1M | ||
| Q3 25 | $-32.6M | $-14.7M | ||
| Q2 25 | $-33.9M | $-11.6M | ||
| Q1 25 | — | $-23.7M | ||
| Q2 24 | $-35.8M | — | ||
| Q1 24 | $-36.0M | — | ||
| Q4 23 | $-14.0M | — | ||
| Q3 23 | $-19.6M | — |
自由现金流率DBVTSES
| Q4 25 | — | -243.7% | ||
| Q3 25 | -1173.5% | -206.9% | ||
| Q2 25 | -2316.5% | -329.6% | ||
| Q1 25 | — | -410.0% | ||
| Q2 24 | -3084.0% | — | ||
| Q1 24 | -2560.6% | — | ||
| Q4 23 | -158.2% | — | ||
| Q3 23 | -827.3% | — |
资本支出强度DBVTSES
| Q4 25 | — | 15.6% | ||
| Q3 25 | 4.2% | 6.0% | ||
| Q2 25 | 2.2% | 22.8% | ||
| Q1 25 | — | 15.8% | ||
| Q2 24 | 63.0% | — | ||
| Q1 24 | 94.9% | — | ||
| Q4 23 | 4.0% | — | ||
| Q3 23 | 2.1% | — |
现金转化率DBVTSES
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | -0.10× | — | ||
| Q3 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
