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FUELCELL ENERGY INC（FCEL）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
PUMA BIOTECHNOLOGY, INC.的季度营收约是FUELCELL ENERGY INC的1.4倍（$75.5M vs $55.0M），PUMA BIOTECHNOLOGY, INC.同比增速更快（27.7% vs 11.5%），PUMA BIOTECHNOLOGY, INC.自由现金流更多（$14.4M vs $-23.9M），过去两年FUELCELL ENERGY INC的营收复合增速更高（81.6% vs 31.3%）
燃料电池能源公司是一家上市燃料电池企业，总部位于美国康涅狄格州丹伯里，公司主打基于熔融碳酸盐燃料电池技术的发电站业务，从事相关产品的设计、生产，同时还提供发电站运营及相关技术服务。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
FCEL vs PBYI — 直观对比
营收规模更大
PBYI
是对方的1.4倍
$55.0M
营收增速更快
PBYI
高出16.2%
11.5%
自由现金流更多
PBYI
多$38.3M
$-23.9M
两年增速更快
FCEL
近两年复合增速
31.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.0M | $75.5M |
| 净利润 | $-29.9M | — |
| 毛利率 | -12.1% | 69.3% |
| 营业利润率 | -51.5% | 22.7% |
| 净利率 | -54.3% | — |
| 营收同比 | 11.5% | 27.7% |
| 净利润同比 | 27.9% | — |
| 每股收益（稀释后） | $-0.43 | $0.26 |
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FCELPBYI
| Q4 25 | $55.0M | $75.5M | ||
| Q3 25 | $46.7M | $54.5M | ||
| Q2 25 | $37.4M | $52.4M | ||
| Q1 25 | $19.0M | $46.0M | ||
| Q4 24 | $49.3M | $59.1M | ||
| Q3 24 | $23.7M | $80.5M | ||
| Q2 24 | $22.4M | $47.1M | ||
| Q1 24 | $16.7M | $43.8M |
净利润FCELPBYI
| Q4 25 | $-29.9M | — | ||
| Q3 25 | $-91.7M | $8.8M | ||
| Q2 25 | $-38.0M | $5.9M | ||
| Q1 25 | $-28.3M | $3.0M | ||
| Q4 24 | $-41.4M | — | ||
| Q3 24 | $-32.7M | $20.3M | ||
| Q2 24 | $-32.1M | $-4.5M | ||
| Q1 24 | $-19.8M | $-4.8M |
毛利率FCELPBYI
| Q4 25 | -12.1% | 69.3% | ||
| Q3 25 | -11.0% | 77.7% | ||
| Q2 25 | -25.2% | 76.5% | ||
| Q1 25 | -27.4% | 77.1% | ||
| Q4 24 | -22.1% | 76.4% | ||
| Q3 24 | -26.2% | 63.9% | ||
| Q2 24 | -31.6% | 77.4% | ||
| Q1 24 | -70.2% | 75.5% |
营业利润率FCELPBYI
| Q4 25 | -51.5% | 22.7% | ||
| Q3 25 | -204.0% | 17.6% | ||
| Q2 25 | -95.7% | 12.7% | ||
| Q1 25 | -172.9% | 8.7% | ||
| Q4 24 | -83.2% | 22.6% | ||
| Q3 24 | -141.9% | 27.4% | ||
| Q2 24 | -184.5% | -4.6% | ||
| Q1 24 | -254.5% | -5.3% |
净利率FCELPBYI
| Q4 25 | -54.3% | — | ||
| Q3 25 | -196.1% | 16.2% | ||
| Q2 25 | -101.7% | 11.2% | ||
| Q1 25 | -149.1% | 6.5% | ||
| Q4 24 | -84.0% | — | ||
| Q3 24 | -137.8% | 25.2% | ||
| Q2 24 | -143.4% | -9.6% | ||
| Q1 24 | -118.6% | -11.0% |
每股收益（稀释后）FCELPBYI
| Q4 25 | $-0.43 | $0.26 | ||
| Q3 25 | $-3.78 | $0.17 | ||
| Q2 25 | $-1.79 | $0.12 | ||
| Q1 25 | $-1.42 | $0.06 | ||
| Q4 24 | $-2.29 | $0.40 | ||
| Q3 24 | $-1.99 | $0.41 | ||
| Q2 24 | $-2.18 | $-0.09 | ||
| Q1 24 | $-1.37 | $-0.10 |
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 | $278.1M | $97.5M |
| 总债务越低越好 | $103.8M | $22.7M |
| 股东权益账面价值 | $662.2M | $130.3M |
| 总资产 | $932.1M | $216.3M |
| 负债/权益比越低杠杆越低 | 0.16× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资FCELPBYI
| Q4 25 | $278.1M | $97.5M | ||
| Q3 25 | $174.7M | $94.4M | ||
| Q2 25 | $177.0M | $96.0M | ||
| Q1 25 | $208.4M | $93.2M | ||
| Q4 24 | $257.3M | $101.0M | ||
| Q3 24 | $267.2M | $96.7M | ||
| Q2 24 | $260.1M | $96.8M | ||
| Q1 24 | $297.5M | $107.2M |
总债务FCELPBYI
| Q4 25 | $103.8M | $22.7M | ||
| Q3 25 | $106.4M | $34.0M | ||
| Q2 25 | $109.4M | $45.3M | ||
| Q1 25 | $112.3M | $56.7M | ||
| Q4 24 | $115.7M | $68.0M | ||
| Q3 24 | $112.7M | $79.3M | ||
| Q2 24 | $116.2M | $90.7M | ||
| Q1 24 | $107.2M | $102.0M |
股东权益FCELPBYI
| Q4 25 | $662.2M | $130.3M | ||
| Q3 25 | $556.2M | $115.3M | ||
| Q2 25 | $609.2M | $104.7M | ||
| Q1 25 | $635.2M | $97.1M | ||
| Q4 24 | $656.9M | $92.1M | ||
| Q3 24 | $675.8M | $71.1M | ||
| Q2 24 | $639.8M | $48.5M | ||
| Q1 24 | $663.9M | $51.0M |
总资产FCELPBYI
| Q4 25 | $932.1M | $216.3M | ||
| Q3 25 | $830.5M | $202.9M | ||
| Q2 25 | $883.8M | $194.9M | ||
| Q1 25 | $907.5M | $196.2M | ||
| Q4 24 | $944.1M | $213.3M | ||
| Q3 24 | $948.9M | $220.7M | ||
| Q2 24 | $916.8M | $205.0M | ||
| Q1 24 | $923.2M | $214.1M |
负债/权益比FCELPBYI
| Q4 25 | 0.16× | 0.17× | ||
| Q3 25 | 0.19× | 0.30× | ||
| Q2 25 | 0.18× | 0.43× | ||
| Q1 25 | 0.18× | 0.58× | ||
| Q4 24 | 0.18× | 0.74× | ||
| Q3 24 | 0.17× | 1.12× | ||
| Q2 24 | 0.18× | 1.87× | ||
| Q1 24 | 0.16× | 2.00× |
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 | $-22.9M | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $-23.9M | $14.4M |
| 自由现金流率自由现金流/营收 | -43.4% | 19.1% |
| 资本支出强度资本支出/营收 | 1.8% | 0.0% |
| 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 | $-143.9M | $41.7M |
8季度趋势，按日历期对齐
经营现金流FCELPBYI
| Q4 25 | $-22.9M | $14.4M | ||
| Q3 25 | $-26.8M | $9.7M | ||
| Q2 25 | $-29.9M | $14.1M | ||
| Q1 25 | $-45.7M | $3.6M | ||
| Q4 24 | $5.8M | $15.6M | ||
| Q3 24 | $-63.4M | $11.0M | ||
| Q2 24 | $-37.1M | $1.0M | ||
| Q1 24 | $-58.3M | $11.2M |
自由现金流FCELPBYI
| Q4 25 | $-23.9M | $14.4M | ||
| Q3 25 | $-32.1M | $9.7M | ||
| Q2 25 | $-35.2M | $14.1M | ||
| Q1 25 | $-52.8M | $3.6M | ||
| Q4 24 | $-4.7M | $15.6M | ||
| Q3 24 | $-76.8M | $11.0M | ||
| Q2 24 | $-50.3M | $1.0M | ||
| Q1 24 | $-68.8M | — |
自由现金流率FCELPBYI
| Q4 25 | -43.4% | 19.1% | ||
| Q3 25 | -68.6% | 17.7% | ||
| Q2 25 | -94.0% | 26.8% | ||
| Q1 25 | -277.8% | 7.7% | ||
| Q4 24 | -9.5% | 26.4% | ||
| Q3 24 | -324.0% | 13.7% | ||
| Q2 24 | -224.5% | 2.1% | ||
| Q1 24 | -412.4% | — |
资本支出强度FCELPBYI
| Q4 25 | 1.8% | 0.0% | ||
| Q3 25 | 11.2% | 0.0% | ||
| Q2 25 | 14.1% | 0.0% | ||
| Q1 25 | 37.2% | 0.1% | ||
| Q4 24 | 21.4% | 0.0% | ||
| Q3 24 | 56.6% | 0.0% | ||
| Q2 24 | 58.9% | 0.0% | ||
| Q1 24 | 63.3% | 0.0% |
现金转化率FCELPBYI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
PBYI
暂无分部数据
