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AMICUS THERAPEUTICS, INC.（FOLD）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
AMICUS THERAPEUTICS, INC.的季度营收约是微策略的1.5倍（$185.2M vs $123.0M），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 3.3%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
FOLD vs MSTR — 直观对比
营收规模更大
FOLD
是对方的1.5倍
$123.0M
营收增速更快
FOLD
高出21.8%
1.9%
两年增速更快
FOLD
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $123.0M |
| 净利润 | $1.7M | — |
| 毛利率 | 85.7% | 66.1% |
| 营业利润率 | 8.6% | — |
| 净利率 | 0.9% | — |
| 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FOLDMSTR
| Q4 25 | $185.2M | $123.0M | ||
| Q3 25 | $169.1M | $128.7M | ||
| Q2 25 | $154.7M | $114.5M | ||
| Q1 25 | $125.2M | $111.1M | ||
| Q4 24 | $149.7M | $120.7M | ||
| Q3 24 | $141.5M | $116.1M | ||
| Q2 24 | $126.7M | $111.4M | ||
| Q1 24 | $110.4M | $115.2M |
净利润FOLDMSTR
| Q4 25 | $1.7M | — | ||
| Q3 25 | $17.3M | $2.8B | ||
| Q2 25 | $-24.4M | $10.0B | ||
| Q1 25 | $-21.7M | $-4.2B | ||
| Q4 24 | $14.7M | $-670.8M | ||
| Q3 24 | $-6.7M | $-340.2M | ||
| Q2 24 | $-15.7M | $-102.6M | ||
| Q1 24 | $-48.4M | $-53.1M |
毛利率FOLDMSTR
| Q4 25 | 85.7% | 66.1% | ||
| Q3 25 | 88.5% | 70.5% | ||
| Q2 25 | 90.2% | 68.8% | ||
| Q1 25 | 90.7% | 69.4% | ||
| Q4 24 | 90.1% | 71.7% | ||
| Q3 24 | 90.6% | 70.4% | ||
| Q2 24 | 91.1% | 72.2% | ||
| Q1 24 | 87.7% | 74.0% |
营业利润率FOLDMSTR
| Q4 25 | 8.6% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | -6.3% | -5331.4% | ||
| Q4 24 | 10.7% | -842.1% | ||
| Q3 24 | 15.3% | -372.7% | ||
| Q2 24 | 11.8% | -179.7% | ||
| Q1 24 | -25.1% | -176.8% |
净利率FOLDMSTR
| Q4 25 | 0.9% | — | ||
| Q3 25 | 10.2% | 2164.1% | ||
| Q2 25 | -15.8% | 8752.7% | ||
| Q1 25 | -17.3% | -3797.2% | ||
| Q4 24 | 9.8% | -555.8% | ||
| Q3 24 | -4.8% | -293.1% | ||
| Q2 24 | -12.4% | -92.0% | ||
| Q1 24 | -43.9% | -46.1% |
每股收益（稀释后）FOLDMSTR
| Q4 25 | $0.00 | — | ||
| Q3 25 | $0.06 | $8.42 | ||
| Q2 25 | $-0.08 | $32.60 | ||
| Q1 25 | $-0.07 | $-16.49 | ||
| Q4 24 | $0.05 | $4.49 | ||
| Q3 24 | $-0.02 | $-1.72 | ||
| Q2 24 | $-0.05 | $-0.57 | ||
| Q1 24 | $-0.16 | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | $392.7M | $8.2B |
| 股东权益账面价值 | $274.2M | $44.1B |
| 总资产 | $949.9M | $61.6B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资FOLDMSTR
| Q4 25 | $293.5M | $2.3B | ||
| Q3 25 | $263.8M | $54.3M | ||
| Q2 25 | $231.0M | $50.1M | ||
| Q1 25 | $250.6M | $60.3M | ||
| Q4 24 | $249.9M | $38.1M | ||
| Q3 24 | $249.8M | $46.3M | ||
| Q2 24 | $260.1M | $66.9M | ||
| Q1 24 | $239.6M | $81.3M |
总债务FOLDMSTR
| Q4 25 | $392.7M | $8.2B | ||
| Q3 25 | $392.0M | $8.2B | ||
| Q2 25 | $391.3M | $8.2B | ||
| Q1 25 | $390.7M | $8.1B | ||
| Q4 24 | $390.1M | $7.2B | ||
| Q3 24 | $389.5M | $4.2B | ||
| Q2 24 | $388.9M | $3.8B | ||
| Q1 24 | $388.4M | $3.6B |
股东权益FOLDMSTR
| Q4 25 | $274.2M | $44.1B | ||
| Q3 25 | $230.4M | $52.3B | ||
| Q2 25 | $204.3M | $47.5B | ||
| Q1 25 | $193.6M | $32.2B | ||
| Q4 24 | $194.0M | $18.2B | ||
| Q3 24 | $178.8M | $3.8B | ||
| Q2 24 | $132.5M | $2.8B | ||
| Q1 24 | $130.7M | $2.4B |
总资产FOLDMSTR
| Q4 25 | $949.9M | $61.6B | ||
| Q3 25 | $868.8M | $73.6B | ||
| Q2 25 | $815.3M | $64.8B | ||
| Q1 25 | $789.8M | $43.9B | ||
| Q4 24 | $785.0M | $25.8B | ||
| Q3 24 | $786.6M | $8.3B | ||
| Q2 24 | $749.5M | $7.1B | ||
| Q1 24 | $721.8M | $6.4B |
负债/权益比FOLDMSTR
| Q4 25 | 1.43× | 0.19× | ||
| Q3 25 | 1.70× | 0.16× | ||
| Q2 25 | 1.92× | 0.17× | ||
| Q1 25 | 2.02× | 0.25× | ||
| Q4 24 | 2.01× | 0.39× | ||
| Q3 24 | 2.18× | 1.12× | ||
| Q2 24 | 2.93× | 1.36× | ||
| Q1 24 | 2.97× | 1.48× |
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% | — |
| 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FOLDMSTR
| Q4 25 | $16.3M | — | ||
| Q3 25 | $35.7M | $-8.3M | ||
| Q2 25 | $-26.5M | $-34.9M | ||
| Q1 25 | $7.8M | $-2.4M | ||
| Q4 24 | $-3.9M | $-17.3M | ||
| Q3 24 | $-23.0M | $-41.0M | ||
| Q2 24 | $22.7M | $-23.3M | ||
| Q1 24 | $-29.7M | $28.6M |
自由现金流FOLDMSTR
| Q4 25 | $16.0M | — | ||
| Q3 25 | $35.3M | $-11.1M | ||
| Q2 25 | $-28.9M | $-37.0M | ||
| Q1 25 | $7.5M | $-5.1M | ||
| Q4 24 | $-4.2M | $-17.6M | ||
| Q3 24 | $-23.3M | $-41.4M | ||
| Q2 24 | $21.6M | $-24.1M | ||
| Q1 24 | $-31.5M | $27.0M |
自由现金流率FOLDMSTR
| Q4 25 | 8.6% | — | ||
| Q3 25 | 20.9% | -8.6% | ||
| Q2 25 | -18.7% | -32.3% | ||
| Q1 25 | 6.0% | -4.6% | ||
| Q4 24 | -2.8% | -14.6% | ||
| Q3 24 | -16.5% | -35.7% | ||
| Q2 24 | 17.0% | -21.6% | ||
| Q1 24 | -28.5% | 23.5% |
资本支出强度FOLDMSTR
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | 2.2% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.3% | 0.4% | ||
| Q2 24 | 0.9% | 0.6% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率FOLDMSTR
| Q4 25 | 9.62× | — | ||
| Q3 25 | 2.06× | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.27× | — | ||
| 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
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
MSTR
暂无分部数据
