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Funko, Inc.（FNKO）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Funko, Inc.的季度营收约是Ultragenyx Pharmaceutical Inc.的1.3倍（$273.1M vs $207.3M），Funko, Inc.净利率更高（-0.1% vs -62.0%，领先62.0%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs -7.0%），Funko, Inc.自由现金流更多（$19.2M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 12.5%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
FNKO vs RARE — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $207.3M |
| 净利润 | $-183.0K | $-128.6M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | -54.7% |
| 净利率 | -0.1% | -62.0% |
| 营收同比 | -7.0% | 25.9% |
| 净利润同比 | 87.8% | 3.5% |
| 每股收益（稀释后） | $0.00 | $-1.28 |
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
| Q4 25 | $273.1M | $207.3M | ||
| Q3 25 | $250.9M | $159.9M | ||
| Q2 25 | $193.5M | $166.5M | ||
| Q1 25 | $190.7M | $139.3M | ||
| Q4 24 | $293.7M | $164.6M | ||
| Q3 24 | $292.8M | $139.5M | ||
| Q2 24 | $247.7M | $147.0M | ||
| Q1 24 | $215.7M | $108.8M |
| Q4 25 | $-183.0K | $-128.6M | ||
| Q3 25 | $901.0K | $-180.4M | ||
| Q2 25 | $-40.5M | $-115.0M | ||
| Q1 25 | $-27.6M | $-151.1M | ||
| Q4 24 | $-1.5M | $-133.2M | ||
| Q3 24 | $4.3M | $-133.5M | ||
| Q2 24 | $5.1M | $-131.6M | ||
| Q1 24 | $-22.7M | $-170.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 42.0% | — | ||
| Q1 24 | 40.0% | — |
| Q4 25 | 2.2% | -54.7% | ||
| Q3 25 | 2.6% | -106.9% | ||
| Q2 25 | -18.0% | -64.8% | ||
| Q1 25 | -12.2% | -102.6% | ||
| Q4 24 | 1.8% | -74.3% | ||
| Q3 24 | 4.0% | -94.6% | ||
| Q2 24 | 4.3% | -79.1% | ||
| Q1 24 | -6.9% | -151.9% |
| Q4 25 | -0.1% | -62.0% | ||
| Q3 25 | 0.4% | -112.8% | ||
| Q2 25 | -20.9% | -69.0% | ||
| Q1 25 | -14.5% | -108.5% | ||
| Q4 24 | -0.5% | -80.9% | ||
| Q3 24 | 1.5% | -95.7% | ||
| Q2 24 | 2.1% | -89.5% | ||
| Q1 24 | -10.5% | -156.8% |
| Q4 25 | $0.00 | $-1.28 | ||
| Q3 25 | $0.02 | $-1.81 | ||
| Q2 25 | $-0.74 | $-1.17 | ||
| Q1 25 | $-0.52 | $-1.57 | ||
| Q4 24 | $-0.01 | $-1.34 | ||
| Q3 24 | $0.08 | $-1.40 | ||
| Q2 24 | $0.10 | $-1.52 | ||
| Q1 24 | $-0.45 | $-2.03 |
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 | $42.1M | $421.0M |
| 总债务越低越好 | $100.3M | — |
| 股东权益账面价值 | $185.8M | $-80.0M |
| 总资产 | $685.2M | $1.5B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
| Q4 25 | $42.1M | $421.0M | ||
| Q3 25 | $39.2M | $202.5M | ||
| Q2 25 | $49.2M | $176.3M | ||
| Q1 25 | $25.9M | $127.1M | ||
| Q4 24 | $34.7M | $174.0M | ||
| Q3 24 | $28.5M | $150.6M | ||
| Q2 24 | $41.6M | $480.7M | ||
| Q1 24 | $26.1M | $112.3M |
| Q4 25 | $100.3M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $117.2M | — | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $133.9M | — | ||
| Q1 24 | $139.4M | — |
| Q4 25 | $185.8M | $-80.0M | ||
| Q3 25 | $182.7M | $9.2M | ||
| Q2 25 | $181.2M | $151.3M | ||
| Q1 25 | $212.8M | $144.2M | ||
| Q4 24 | $233.0M | $255.0M | ||
| Q3 24 | $236.5M | $346.8M | ||
| Q2 24 | $223.5M | $432.4M | ||
| Q1 24 | $212.5M | $140.3M |
| Q4 25 | $685.2M | $1.5B | ||
| Q3 25 | $699.3M | $1.2B | ||
| Q2 25 | $694.9M | $1.3B | ||
| Q1 25 | $648.4M | $1.3B | ||
| Q4 24 | $707.3M | $1.5B | ||
| Q3 24 | $783.6M | $1.5B | ||
| Q2 24 | $737.8M | $1.6B | ||
| Q1 24 | $725.5M | $1.3B |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.66× | — |
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 | $28.1M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | $-100.8M |
| 自由现金流率自由现金流/营收 | 7.0% | -48.6% |
| 资本支出强度资本支出/营收 | 3.3% | 0.5% |
| 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 | $-38.1M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $28.1M | $-99.8M | ||
| Q3 25 | $11.2M | $-91.4M | ||
| Q2 25 | $-22.2M | $-108.3M | ||
| Q1 25 | $-22.3M | $-166.5M | ||
| Q4 24 | $59.8M | $-79.3M | ||
| Q3 24 | $3.3M | $-67.0M | ||
| Q2 24 | $45.9M | $-77.0M | ||
| Q1 24 | $14.5M | $-190.7M |
| Q4 25 | $19.2M | $-100.8M | ||
| Q3 25 | $3.4M | $-92.7M | ||
| Q2 25 | $-31.8M | $-110.7M | ||
| Q1 25 | $-28.8M | $-167.8M | ||
| Q4 24 | $47.8M | $-79.5M | ||
| Q3 24 | $-4.2M | $-68.6M | ||
| Q2 24 | $36.8M | $-79.0M | ||
| Q1 24 | $10.3M | $-193.9M |
| Q4 25 | 7.0% | -48.6% | ||
| Q3 25 | 1.3% | -58.0% | ||
| Q2 25 | -16.5% | -66.5% | ||
| Q1 25 | -15.1% | -120.5% | ||
| Q4 24 | 16.3% | -48.3% | ||
| Q3 24 | -1.4% | -49.2% | ||
| Q2 24 | 14.9% | -53.7% | ||
| Q1 24 | 4.8% | -178.2% |
| Q4 25 | 3.3% | 0.5% | ||
| Q3 25 | 3.1% | 0.8% | ||
| Q2 25 | 5.0% | 1.5% | ||
| Q1 25 | 3.4% | 1.0% | ||
| Q4 24 | 4.1% | 0.1% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 3.7% | 1.4% | ||
| Q1 24 | 1.9% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 12.47× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 8.97× | — | ||
| 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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
