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Eton Pharmaceuticals, Inc.（ETON）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
REDWOOD TRUST INC的季度营收约是Eton Pharmaceuticals, Inc.的1.2倍（$25.9M vs $21.3M），REDWOOD TRUST INC净利率更高（77.2% vs 7.0%，领先70.3%），Eton Pharmaceuticals, Inc.同比增速更快（82.7% vs -6.1%），过去两年Eton Pharmaceuticals, Inc.的营收复合增速更高（63.4% vs -41.0%）
Eton Pharmaceuticals, Inc.是一家专科制药企业，专注于罕见病、儿科用药及医院护理领域创新疗法的研发与商业化，主要面向美国市场，与医疗行业相关方合作，为服务不足的患者群体提供可及的优质治疗方案。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
ETON vs RWT — 直观对比
营收规模更大
RWT
是对方的1.2倍
$21.3M
营收增速更快
ETON
高出88.8%
-6.1%
净利率更高
RWT
高出70.3%
7.0%
两年增速更快
ETON
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $21.3M | $25.9M |
| 净利润 | $1.5M | $20.0M |
| 毛利率 | 61.6% | — |
| 营业利润率 | 11.6% | — |
| 净利率 | 7.0% | 77.2% |
| 营收同比 | 82.7% | -6.1% |
| 净利润同比 | 348.0% | 402.6% |
| 每股收益（稀释后） | — | $0.11 |
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ETONRWT
| Q4 25 | $21.3M | $25.9M | ||
| Q3 25 | $22.5M | $15.0M | ||
| Q2 25 | $18.9M | $13.8M | ||
| Q1 25 | $17.3M | $27.9M | ||
| Q4 24 | $11.6M | $27.6M | ||
| Q3 24 | $10.3M | $25.5M | ||
| Q2 24 | $9.1M | $67.4M | ||
| Q1 24 | $8.0M | $74.5M |
净利润ETONRWT
| Q4 25 | $1.5M | $20.0M | ||
| Q3 25 | $-1.9M | $-7.7M | ||
| Q2 25 | $-2.6M | $-98.5M | ||
| Q1 25 | $-1.6M | $16.1M | ||
| Q4 24 | $-598.0K | $-6.6M | ||
| Q3 24 | $627.0K | $14.8M | ||
| Q2 24 | $-3.0M | $15.5M | ||
| Q1 24 | $-811.0K | $30.3M |
毛利率ETONRWT
| Q4 25 | 61.6% | — | ||
| Q3 25 | 35.0% | — | ||
| Q2 25 | 63.0% | — | ||
| Q1 25 | 57.1% | — | ||
| Q4 24 | 55.6% | — | ||
| Q3 24 | 61.0% | — | ||
| Q2 24 | 62.0% | — | ||
| Q1 24 | 62.9% | — |
营业利润率ETONRWT
| Q4 25 | 11.6% | — | ||
| Q3 25 | -6.1% | -9.0% | ||
| Q2 25 | -7.8% | -679.0% | ||
| Q1 25 | -2.7% | 80.2% | ||
| Q4 24 | 5.4% | -1.3% | ||
| Q3 24 | 4.9% | 86.1% | ||
| Q2 24 | -32.3% | 30.3% | ||
| Q1 24 | -10.0% | 41.3% |
净利率ETONRWT
| Q4 25 | 7.0% | 77.2% | ||
| Q3 25 | -8.6% | -51.4% | ||
| Q2 25 | -13.7% | -712.0% | ||
| Q1 25 | -9.1% | 57.8% | ||
| Q4 24 | -5.1% | -24.0% | ||
| Q3 24 | 6.1% | 58.1% | ||
| Q2 24 | -33.5% | 23.0% | ||
| Q1 24 | -10.2% | 40.6% |
每股收益（稀释后）ETONRWT
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-0.07 | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | $0.02 | $0.09 | ||
| Q2 24 | $-0.12 | $0.10 | ||
| Q1 24 | $-0.03 | $0.21 |
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 | $25.9M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $26.2M | $982.6M |
| 总资产 | $92.1M | $23.7B |
| 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ETONRWT
| Q4 25 | $25.9M | $255.7M | ||
| Q3 25 | $37.1M | $226.3M | ||
| Q2 25 | $25.4M | $302.0M | ||
| Q1 25 | $17.4M | $259.9M | ||
| Q4 24 | $14.9M | $245.2M | ||
| Q3 24 | $20.3M | $253.7M | ||
| Q2 24 | $17.7M | $275.6M | ||
| Q1 24 | $16.7M | $275.4M |
总债务ETONRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $30.0M | — | ||
| Q4 24 | $29.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益ETONRWT
| Q4 25 | $26.2M | $982.6M | ||
| Q3 25 | $23.1M | $999.0M | ||
| Q2 25 | $24.0M | $1.1B | ||
| Q1 25 | $24.4M | $1.2B | ||
| Q4 24 | $24.4M | $1.2B | ||
| Q3 24 | $16.0M | $1.2B | ||
| Q2 24 | $13.5M | $1.2B | ||
| Q1 24 | $15.5M | $1.2B |
总资产ETONRWT
| Q4 25 | $92.1M | $23.7B | ||
| Q3 25 | $104.5M | $22.6B | ||
| Q2 25 | $101.7M | $21.3B | ||
| Q1 25 | $84.0M | $19.9B | ||
| Q4 24 | $76.1M | $18.3B | ||
| Q3 24 | $35.8M | $18.4B | ||
| Q2 24 | $31.8M | $16.5B | ||
| Q1 24 | $30.8M | $15.1B |
负债/权益比ETONRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-11.6M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-11.6M | — |
| 自由现金流率自由现金流/营收 | -54.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | -7.79× | -504.15× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ETONRWT
| Q4 25 | $-11.6M | $-10.1B | ||
| Q3 25 | $12.0M | $-2.7B | ||
| Q2 25 | $8.0M | $-2.1B | ||
| Q1 25 | $2.1M | $-2.0B | ||
| Q4 24 | $-765.0K | $-5.9B | ||
| Q3 24 | $3.0M | $-2.1B | ||
| Q2 24 | $1.3M | $-2.0B | ||
| Q1 24 | $-2.5M | $-954.2M |
自由现金流ETONRWT
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $11.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-777.0K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-2.5M | — |
自由现金流率ETONRWT
| Q4 25 | -54.5% | — | ||
| Q3 25 | 52.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -31.2% | — |
资本支出强度ETONRWT
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
现金转化率ETONRWT
| Q4 25 | -7.79× | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
