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FIRST MERCHANTS CORP（FRME）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
FIRST MERCHANTS CORP的季度营收约是Planet Labs PBC的1.9倍（$157.1M vs $81.3M），FIRST MERCHANTS CORP净利率更高（17.9% vs -72.8%，领先90.8%），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -0.9%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
FRME vs PL — 直观对比
营收规模更大
FRME
是对方的1.9倍
$81.3M
净利率更高
FRME
高出90.8%
-72.8%
两年增速更快
PL
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $81.3M |
| 净利润 | $28.2M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | — | -22.6% |
| 净利率 | 17.9% | -72.8% |
| 营收同比 | — | 32.6% |
| 净利润同比 | -49.1% | -194.7% |
| 每股收益（稀释后） | $0.45 | $-0.19 |
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FRMEPL
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $81.3M | ||
| Q3 25 | $166.1M | $73.4M | ||
| Q2 25 | $164.3M | $66.3M | ||
| Q1 25 | $160.3M | $61.6M | ||
| Q4 24 | $177.1M | $61.3M | ||
| Q3 24 | $156.0M | $61.1M | ||
| Q2 24 | $159.9M | $60.4M |
净利润FRMEPL
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $-59.2M | ||
| Q3 25 | $56.8M | $-22.6M | ||
| Q2 25 | $56.8M | $-12.6M | ||
| Q1 25 | $55.3M | $-35.2M | ||
| Q4 24 | $64.3M | $-20.1M | ||
| Q3 24 | $49.2M | $-38.7M | ||
| Q2 24 | $39.9M | $-29.3M |
毛利率FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% |
营业利润率FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | -22.6% | ||
| Q3 25 | 39.3% | -24.5% | ||
| Q2 25 | 39.6% | -34.4% | ||
| Q1 25 | 39.4% | -31.5% | ||
| Q4 24 | 43.3% | -36.9% | ||
| Q3 24 | 36.1% | -64.8% | ||
| Q2 24 | 27.5% | -57.2% |
净利率FRMEPL
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | -72.8% | ||
| Q3 25 | 34.2% | -30.8% | ||
| Q2 25 | 34.6% | -19.1% | ||
| Q1 25 | 34.5% | -57.1% | ||
| Q4 24 | 36.3% | -32.8% | ||
| Q3 24 | 31.5% | -63.3% | ||
| Q2 24 | 25.0% | -48.5% |
每股收益（稀释后）FRMEPL
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | $-0.19 | ||
| Q3 25 | $0.98 | $-0.07 | ||
| Q2 25 | $0.98 | $-0.04 | ||
| Q1 25 | $0.94 | $-0.12 | ||
| Q4 24 | $1.09 | $-0.07 | ||
| Q3 24 | $0.84 | $-0.13 | ||
| Q2 24 | $0.68 | $-0.10 |
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 | — | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $349.6M |
| 总资产 | $21.1B | $1.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | — | $443.3M | ||
| Q3 25 | — | $181.1M | ||
| Q2 25 | — | $133.5M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $139.0M | ||
| Q3 24 | — | $148.3M | ||
| Q2 24 | — | $107.4M |
股东权益FRMEPL
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $349.6M | ||
| Q3 25 | $2.4B | $435.7M | ||
| Q2 25 | $2.3B | $444.8M | ||
| Q1 25 | $2.3B | $441.3M | ||
| Q4 24 | $2.3B | $464.6M | ||
| Q3 24 | $2.3B | $473.2M | ||
| Q2 24 | $2.2B | $500.3M |
总资产FRMEPL
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $1.1B | ||
| Q3 25 | $18.8B | $696.4M | ||
| Q2 25 | $18.6B | $658.4M | ||
| Q1 25 | $18.4B | $633.8M | ||
| Q4 24 | $18.3B | $630.8M | ||
| Q3 24 | $18.3B | $658.4M | ||
| Q2 24 | $18.3B | $674.6M |
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 | — | $28.6M |
| 自由现金流经营现金流 - 资本支出 | — | $1.9M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $28.6M | ||
| Q3 25 | $87.6M | $67.8M | ||
| Q2 25 | $53.7M | $17.3M | ||
| Q1 25 | $61.7M | $-6.3M | ||
| Q4 24 | $266.2M | $4.1M | ||
| Q3 24 | $76.8M | $-7.9M | ||
| Q2 24 | $63.0M | $-4.3M |
自由现金流FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | — | $-17.9M | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-14.2M |
自由现金流率FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | -29.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -37.6% | ||
| Q2 24 | — | -23.6% |
资本支出强度FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 16.4% |
现金转化率FRMEPL
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 4.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.58× | — |
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
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
