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AMICUS THERAPEUTICS, INC.（FOLD）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是AMICUS THERAPEUTICS, INC.的1.2倍（$219.1M vs $185.2M），铱星通信净利率更高（9.9% vs 0.9%，领先8.9%），AMICUS THERAPEUTICS, INC.同比增速更快（23.7% vs 1.9%），过去两年AMICUS THERAPEUTICS, INC.的营收复合增速更高（29.5% vs 4.4%）
Amicus Therapeutics是总部位于美国宾夕法尼亚州费城的生物制药上市企业，2007年在纳斯达克挂牌上市，股票代码为FOLD。上市前，公司曾获得Radius Ventures、迦南合伙人、恩颐投资等多家风险投资机构的资金支持，专注于生物医药领域的研发与商业化布局。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
FOLD vs IRDM — 直观对比
营收规模更大
IRDM
是对方的1.2倍
$185.2M
营收增速更快
FOLD
高出21.8%
1.9%
净利率更高
IRDM
高出8.9%
0.9%
两年增速更快
FOLD
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $219.1M |
| 净利润 | $1.7M | $21.6M |
| 毛利率 | 85.7% | — |
| 营业利润率 | 8.6% | 23.2% |
| 净利率 | 0.9% | 9.9% |
| 营收同比 | 23.7% | 1.9% |
| 净利润同比 | -88.5% | — |
| 每股收益（稀释后） | $0.00 | — |
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FOLDIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $185.2M | $212.9M | ||
| Q3 25 | $169.1M | $226.9M | ||
| Q2 25 | $154.7M | $216.9M | ||
| Q1 25 | $125.2M | $214.9M | ||
| Q4 24 | $149.7M | $213.0M | ||
| Q3 24 | $141.5M | $212.8M | ||
| Q2 24 | $126.7M | $201.1M |
净利润FOLDIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $1.7M | $24.9M | ||
| Q3 25 | $17.3M | $37.1M | ||
| Q2 25 | $-24.4M | $22.0M | ||
| Q1 25 | $-21.7M | $30.4M | ||
| Q4 24 | $14.7M | $36.3M | ||
| Q3 24 | $-6.7M | $24.4M | ||
| Q2 24 | $-15.7M | $32.3M |
毛利率FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | 85.7% | — | ||
| Q3 25 | 88.5% | — | ||
| Q2 25 | 90.2% | — | ||
| Q1 25 | 90.7% | — | ||
| Q4 24 | 90.1% | — | ||
| Q3 24 | 90.6% | — | ||
| Q2 24 | 91.1% | — |
营业利润率FOLDIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 8.6% | 25.9% | ||
| Q3 25 | 20.3% | 30.9% | ||
| Q2 25 | -6.1% | 23.2% | ||
| Q1 25 | -6.3% | 28.1% | ||
| Q4 24 | 10.7% | 24.5% | ||
| Q3 24 | 15.3% | 25.8% | ||
| Q2 24 | 11.8% | 21.7% |
净利率FOLDIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 0.9% | 11.7% | ||
| Q3 25 | 10.2% | 16.4% | ||
| Q2 25 | -15.8% | 10.1% | ||
| Q1 25 | -17.3% | 14.2% | ||
| Q4 24 | 9.8% | 17.1% | ||
| Q3 24 | -4.8% | 11.5% | ||
| Q2 24 | -12.4% | 16.1% |
每股收益（稀释后）FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.00 | $0.24 | ||
| Q3 25 | $0.06 | $0.35 | ||
| Q2 25 | $-0.08 | $0.20 | ||
| Q1 25 | $-0.07 | $0.27 | ||
| Q4 24 | $0.05 | $0.30 | ||
| Q3 24 | $-0.02 | $0.21 | ||
| Q2 24 | $-0.05 | $0.27 |
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 | $293.5M | — |
| 总债务越低越好 | $392.7M | — |
| 股东权益账面价值 | $274.2M | — |
| 总资产 | $949.9M | — |
| 负债/权益比越低杠杆越低 | 1.43× | — |
8季度趋势，按日历期对齐
现金及短期投资FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $293.5M | $96.5M | ||
| Q3 25 | $263.8M | $88.5M | ||
| Q2 25 | $231.0M | $79.3M | ||
| Q1 25 | $250.6M | $50.9M | ||
| Q4 24 | $249.9M | $93.5M | ||
| Q3 24 | $249.8M | $159.6M | ||
| Q2 24 | $260.1M | $63.5M |
总债务FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $392.7M | $1.8B | ||
| Q3 25 | $392.0M | — | ||
| Q2 25 | $391.3M | — | ||
| Q1 25 | $390.7M | — | ||
| Q4 24 | $390.1M | $1.8B | ||
| Q3 24 | $389.5M | — | ||
| Q2 24 | $388.9M | — |
股东权益FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $274.2M | $462.6M | ||
| Q3 25 | $230.4M | $450.5M | ||
| Q2 25 | $204.3M | $473.6M | ||
| Q1 25 | $193.6M | $518.4M | ||
| Q4 24 | $194.0M | $576.6M | ||
| Q3 24 | $178.8M | $663.8M | ||
| Q2 24 | $132.5M | $786.7M |
总资产FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $949.9M | $2.5B | ||
| Q3 25 | $868.8M | $2.6B | ||
| Q2 25 | $815.3M | $2.6B | ||
| Q1 25 | $789.8M | $2.6B | ||
| Q4 24 | $785.0M | $2.7B | ||
| Q3 24 | $786.6M | $2.8B | ||
| Q2 24 | $749.5M | $2.7B |
负债/权益比FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | 3.80× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 2.01× | 3.05× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.93× | — |
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 | $16.3M | — |
| 自由现金流经营现金流 - 资本支出 | $16.0M | — |
| 自由现金流率自由现金流/营收 | 8.6% | — |
| 资本支出强度资本支出/营收 | 0.2% | 13.7% |
| 现金转化率经营现金流/净利润 | 9.62× | — |
| 过去12个月自由现金流最近4个季度 | $29.8M | — |
8季度趋势，按日历期对齐
经营现金流FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $108.6M | ||
| Q3 25 | $35.7M | $100.8M | ||
| Q2 25 | $-26.5M | $129.6M | ||
| Q1 25 | $7.8M | $61.1M | ||
| Q4 24 | $-3.9M | $104.8M | ||
| Q3 24 | $-23.0M | $118.6M | ||
| Q2 24 | $22.7M | $81.1M |
自由现金流FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | $75.1M | ||
| Q3 25 | $35.3M | $79.2M | ||
| Q2 25 | $-28.9M | $108.9M | ||
| Q1 25 | $7.5M | $36.5M | ||
| Q4 24 | $-4.2M | $80.5M | ||
| Q3 24 | $-23.3M | $100.0M | ||
| Q2 24 | $21.6M | $68.7M |
自由现金流率FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 35.3% | ||
| Q3 25 | 20.9% | 34.9% | ||
| Q2 25 | -18.7% | 50.2% | ||
| Q1 25 | 6.0% | 17.0% | ||
| Q4 24 | -2.8% | 37.8% | ||
| Q3 24 | -16.5% | 47.0% | ||
| Q2 24 | 17.0% | 34.2% |
资本支出强度FOLDIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.2% | 15.7% | ||
| Q3 25 | 0.2% | 9.5% | ||
| Q2 25 | 1.6% | 9.5% | ||
| Q1 25 | 0.2% | 11.4% | ||
| Q4 24 | 0.2% | 11.4% | ||
| Q3 24 | 0.3% | 8.7% | ||
| Q2 24 | 0.9% | 6.2% |
现金转化率FOLDIRDM
| Q1 26 | — | — | ||
| Q4 25 | 9.62× | 4.37× | ||
| Q3 25 | 2.06× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | -0.27× | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
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
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
