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Foghorn Therapeutics Inc.（FHTX）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
Velo3D, Inc.的季度营收约是Foghorn Therapeutics Inc.的1.0倍（$9.4M vs $9.2M），Velo3D, Inc.净利率更高（-231.9% vs -234.3%，领先2.3%），Foghorn Therapeutics Inc.同比增速更快（223.8% vs -25.2%），过去两年Foghorn Therapeutics Inc.的营收复合增速更高（35.3% vs -1.8%）
Foghorn Therapeutics是一家临床阶段生物技术企业，专注于开发靶向染色质调控系统的创新疗法，用于治疗多种癌症及其他严重疾病，目前推进多款靶向候选药物管线，通过自主研发与战略合作服务全球患者群体。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
FHTX vs VELO — 直观对比
营收规模更大
VELO
是对方的1.0倍
$9.2M
营收增速更快
FHTX
高出249.0%
-25.2%
净利率更高
VELO
高出2.3%
-234.3%
两年增速更快
FHTX
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.2M | $9.4M |
| 净利润 | $-21.7M | $-21.9M |
| 毛利率 | — | -73.6% |
| 营业利润率 | -258.2% | -231.0% |
| 净利率 | -234.3% | -231.9% |
| 营收同比 | 223.8% | -25.2% |
| 净利润同比 | -11.1% | -2.9% |
| 每股收益（稀释后） | $-0.35 | $-0.87 |
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FHTXVELO
| Q4 25 | $9.2M | $9.4M | ||
| Q3 25 | $8.2M | $13.6M | ||
| Q2 25 | $7.6M | $13.6M | ||
| Q1 25 | $6.0M | $9.3M | ||
| Q4 24 | $2.9M | $12.6M | ||
| Q3 24 | $7.8M | $8.2M | ||
| Q2 24 | $6.9M | $10.3M | ||
| Q1 24 | $5.0M | $9.8M |
净利润FHTXVELO
| Q4 25 | $-21.7M | $-21.9M | ||
| Q3 25 | $-15.8M | $-11.2M | ||
| Q2 25 | $-17.9M | $-13.3M | ||
| Q1 25 | $-18.8M | $-25.0M | ||
| Q4 24 | $-19.5M | $-21.3M | ||
| Q3 24 | $-19.1M | $-21.9M | ||
| Q2 24 | $-23.0M | $935.0K | ||
| Q1 24 | $-25.0M | $-27.5M |
毛利率FHTXVELO
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率FHTXVELO
| Q4 25 | -258.2% | -231.0% | ||
| Q3 25 | -226.9% | -73.3% | ||
| Q2 25 | -279.2% | -85.4% | ||
| Q1 25 | -385.0% | -123.6% | ||
| Q4 24 | -840.5% | -167.0% | ||
| Q3 24 | -305.5% | -213.8% | ||
| Q2 24 | -386.6% | -187.7% | ||
| Q1 24 | -558.3% | -211.1% |
净利率FHTXVELO
| Q4 25 | -234.3% | -231.9% | ||
| Q3 25 | -194.4% | -82.0% | ||
| Q2 25 | -237.3% | -97.7% | ||
| Q1 25 | -316.4% | -268.4% | ||
| Q4 24 | -682.9% | -168.5% | ||
| Q3 24 | -244.9% | -265.3% | ||
| Q2 24 | -333.6% | 9.0% | ||
| Q1 24 | -495.4% | -281.2% |
每股收益（稀释后）FHTXVELO
| Q4 25 | $-0.35 | $-0.87 | ||
| Q3 25 | $-0.25 | $-0.65 | ||
| Q2 25 | $-0.28 | $-0.94 | ||
| Q1 25 | $-0.30 | $-1.87 | ||
| Q4 24 | $-0.23 | $7.06 | ||
| Q3 24 | $-0.31 | $-35.52 | ||
| Q2 24 | $-0.45 | $1.65 | ||
| Q1 24 | $-0.59 | $-55.51 |
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 | $80.9M | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $-108.5M | $38.2M |
| 总资产 | $198.1M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资FHTXVELO
| Q4 25 | $80.9M | $39.0M | ||
| Q3 25 | $89.3M | $11.8M | ||
| Q2 25 | $72.6M | $854.0K | ||
| Q1 25 | $61.0M | $3.9M | ||
| Q4 24 | $55.5M | $1.2M | ||
| Q3 24 | $57.7M | $1.6M | ||
| Q2 24 | $138.9M | $3.2M | ||
| Q1 24 | $79.3M | $10.9M |
总债务FHTXVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益FHTXVELO
| Q4 25 | $-108.5M | $38.2M | ||
| Q3 25 | $-89.7M | $29.9M | ||
| Q2 25 | $-76.7M | $21.4M | ||
| Q1 25 | $-61.7M | $32.8M | ||
| Q4 24 | $-45.5M | $39.7M | ||
| Q3 24 | $-28.3M | $34.4M | ||
| Q2 24 | $-14.3M | $52.1M | ||
| Q1 24 | $-97.5M | $45.5M |
总资产FHTXVELO
| Q4 25 | $198.1M | $105.3M | ||
| Q3 25 | $205.0M | $93.7M | ||
| Q2 25 | $226.2M | $78.4M | ||
| Q1 25 | $258.7M | $91.3M | ||
| Q4 24 | $284.0M | $89.2M | ||
| Q3 24 | $308.4M | $110.8M | ||
| Q2 24 | $328.6M | $116.7M | ||
| Q1 24 | $255.0M | $136.1M |
负债/权益比FHTXVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-22.3M | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.3M |
| 自由现金流率自由现金流/营收 | — | -88.3% |
| 资本支出强度资本支出/营收 | 0.0% | 6.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FHTXVELO
| Q4 25 | $-22.3M | $-7.7M | ||
| Q3 25 | $-18.9M | $-6.0M | ||
| Q2 25 | $-21.0M | $-1.2M | ||
| Q1 25 | $-24.0M | $-12.3M | ||
| Q4 24 | $-24.5M | $-2.2M | ||
| Q3 24 | $-21.0M | $-2.0M | ||
| Q2 24 | $-25.5M | $-8.0M | ||
| Q1 24 | $-29.3M | $-20.5M |
自由现金流FHTXVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | $-21.0M | $-3.0M | ||
| Q1 25 | $-24.0M | — | ||
| Q4 24 | $-25.0M | $-2.2M | ||
| Q3 24 | $-21.3M | $-2.0M | ||
| Q2 24 | $-25.6M | $-8.0M | ||
| Q1 24 | $-29.4M | $-20.5M |
自由现金流率FHTXVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | -278.2% | -22.2% | ||
| Q1 25 | -403.2% | — | ||
| Q4 24 | -875.3% | -17.7% | ||
| Q3 24 | -273.0% | -24.2% | ||
| Q2 24 | -371.0% | -77.1% | ||
| Q1 24 | -583.1% | -209.8% |
资本支出强度FHTXVELO
| Q4 25 | 0.0% | 6.4% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.3% | 13.3% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 16.8% | 0.2% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 2.0% | 0.1% |
现金转化率FHTXVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
