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Flowco Holdings Inc.（FLOC）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
再鼎医药的季度营收约是Flowco Holdings Inc.的1.5倍（$127.1M vs $85.6M），Flowco Holdings Inc.自由现金流更多（$63.2M vs $-26.7M）
Flowco Holdings Inc.是一家专业流量控制解决方案供应商，设计、生产及销售工业阀门、驱动系统、定制流量管理组件，核心服务油气开采、工业制造、水处理、公共基建等领域，主要市场覆盖北美及部分欧洲地区。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
FLOC vs ZLAB — 直观对比
营收规模更大
ZLAB
是对方的1.5倍
$85.6M
自由现金流更多
FLOC
多$89.9M
$-26.7M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $85.6M | $127.1M |
| 净利润 | $17.2M | — |
| 毛利率 | -4.8% | 51.0% |
| 营业利润率 | 49.0% | -54.6% |
| 净利率 | 20.1% | — |
| 营收同比 | — | 17.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.47 | $-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FLOCZLAB
| Q4 25 | $85.6M | $127.1M | ||
| Q3 25 | $70.0M | $115.4M | ||
| Q2 25 | $91.1M | $109.1M | ||
| Q1 25 | $95.1M | $105.7M | ||
| Q4 24 | — | $108.5M | ||
| Q3 24 | — | $101.8M | ||
| Q2 24 | — | $100.1M | ||
| Q1 24 | — | $87.1M |
净利润FLOCZLAB
| Q4 25 | $17.2M | — | ||
| Q3 25 | $12.5M | $-36.0M | ||
| Q2 25 | $5.5M | $-40.7M | ||
| Q1 25 | $6.2M | $-48.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-41.7M | ||
| Q2 24 | — | $-80.3M | ||
| Q1 24 | — | $-53.5M |
毛利率FLOCZLAB
| Q4 25 | -4.8% | 51.0% | ||
| Q3 25 | -6.0% | 59.5% | ||
| Q2 25 | 1.0% | 60.6% | ||
| Q1 25 | 2.8% | 63.6% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 64.1% | ||
| Q2 24 | — | 64.9% | ||
| Q1 24 | — | 61.4% |
营业利润率FLOCZLAB
| Q4 25 | 49.0% | -54.6% | ||
| Q3 25 | 49.4% | -42.3% | ||
| Q2 25 | 40.7% | -50.3% | ||
| Q1 25 | 37.2% | -53.3% | ||
| Q4 24 | — | -62.6% | ||
| Q3 24 | — | -66.6% | ||
| Q2 24 | — | -76.0% | ||
| Q1 24 | — | -80.7% |
净利率FLOCZLAB
| Q4 25 | 20.1% | — | ||
| Q3 25 | 17.9% | -31.2% | ||
| Q2 25 | 6.0% | -37.3% | ||
| Q1 25 | 6.5% | -45.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -40.9% | ||
| Q2 24 | — | -80.2% | ||
| Q1 24 | — | -61.4% |
每股收益（稀释后）FLOCZLAB
| Q4 25 | $0.47 | $-0.05 | ||
| Q3 25 | $0.32 | $-0.03 | ||
| Q2 25 | $0.21 | $-0.04 | ||
| Q1 25 | $0.24 | $-0.04 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.05 |
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 | $4.5M | $689.6M |
| 总债务越低越好 | $167.8M | — |
| 股东权益账面价值 | $228.6M | $715.5M |
| 总资产 | $1.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资FLOCZLAB
| Q4 25 | $4.5M | $689.6M | ||
| Q3 25 | $7.2M | $717.2M | ||
| Q2 25 | $9.3M | $732.2M | ||
| Q1 25 | $687.0K | $757.3M | ||
| Q4 24 | — | $779.7M | ||
| Q3 24 | — | $616.1M | ||
| Q2 24 | — | $630.0M | ||
| Q1 24 | — | $650.8M |
总债务FLOCZLAB
| Q4 25 | $167.8M | — | ||
| Q3 25 | $222.6M | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | $181.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FLOCZLAB
| Q4 25 | $228.6M | $715.5M | ||
| Q3 25 | $371.0M | $759.9M | ||
| Q2 25 | $150.3M | $791.7M | ||
| Q1 25 | $-370.1M | $810.8M | ||
| Q4 24 | — | $840.9M | ||
| Q3 24 | — | $667.7M | ||
| Q2 24 | — | $704.2M | ||
| Q1 24 | — | $762.2M |
总资产FLOCZLAB
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $985.3M | ||
| Q2 24 | — | $987.4M | ||
| Q1 24 | — | $988.4M |
负债/权益比FLOCZLAB
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $87.2M | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $63.2M | $-26.7M |
| 自由现金流率自由现金流/营收 | 73.8% | -21.0% |
| 资本支出强度资本支出/营收 | 28.0% | 0.5% |
| 现金转化率经营现金流/净利润 | 5.06× | — |
| 过去12个月自由现金流最近4个季度 | $167.1M | $-158.9M |
8季度趋势，按日历期对齐
经营现金流FLOCZLAB
| Q4 25 | $87.2M | $-26.0M | ||
| Q3 25 | $82.5M | $-32.0M | ||
| Q2 25 | $82.2M | $-31.0M | ||
| Q1 25 | $42.5M | $-61.7M | ||
| Q4 24 | — | $-55.8M | ||
| Q3 24 | — | $-26.8M | ||
| Q2 24 | — | $-42.2M | ||
| Q1 24 | — | $-90.1M |
自由现金流FLOCZLAB
| Q4 25 | $63.2M | $-26.7M | ||
| Q3 25 | $42.8M | $-35.0M | ||
| Q2 25 | $46.4M | $-33.9M | ||
| Q1 25 | $14.7M | $-63.2M | ||
| Q4 24 | — | $-58.4M | ||
| Q3 24 | — | $-28.2M | ||
| Q2 24 | — | $-42.9M | ||
| Q1 24 | — | $-91.1M |
自由现金流率FLOCZLAB
| Q4 25 | 73.8% | -21.0% | ||
| Q3 25 | 61.2% | -30.4% | ||
| Q2 25 | 50.9% | -31.1% | ||
| Q1 25 | 15.5% | -59.9% | ||
| Q4 24 | — | -53.8% | ||
| Q3 24 | — | -27.7% | ||
| Q2 24 | — | -42.9% | ||
| Q1 24 | — | -104.5% |
资本支出强度FLOCZLAB
| Q4 25 | 28.0% | 0.5% | ||
| Q3 25 | 56.7% | 2.6% | ||
| Q2 25 | 39.3% | 2.6% | ||
| Q1 25 | 29.3% | 1.5% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
现金转化率FLOCZLAB
| Q4 25 | 5.06× | — | ||
| Q3 25 | 6.59× | — | ||
| Q2 25 | 15.02× | — | ||
| Q1 25 | 6.89× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
