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合众银行（FSBC）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
Planet Labs PBC的季度营收约是合众银行的1.8倍（$81.3M vs $45.1M），合众银行净利率更高（41.3% vs -72.8%，领先114.1%），过去两年合众银行的营收复合增速更高（21.3% vs 17.5%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
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。
FSBC vs PL — 直观对比
营收规模更大
PL
是对方的1.8倍
$45.1M
净利率更高
FSBC
高出114.1%
-72.8%
两年增速更快
FSBC
近两年复合增速
17.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $81.3M |
| 净利润 | $18.6M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | — | -22.6% |
| 净利率 | 41.3% | -72.8% |
| 营收同比 | — | 32.6% |
| 净利润同比 | 42.0% | -194.7% |
| 每股收益（稀释后） | $0.87 | $-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FSBCPL
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $81.3M | ||
| Q3 25 | $41.3M | $73.4M | ||
| Q2 25 | $38.3M | $66.3M | ||
| Q1 25 | $35.3M | $61.6M | ||
| Q4 24 | $35.2M | $61.3M | ||
| Q3 24 | $31.8M | $61.1M | ||
| Q2 24 | $30.7M | $60.4M |
净利润FSBCPL
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $-59.2M | ||
| Q3 25 | $16.3M | $-22.6M | ||
| Q2 25 | $14.5M | $-12.6M | ||
| Q1 25 | $13.1M | $-35.2M | ||
| Q4 24 | $13.3M | $-20.1M | ||
| Q3 24 | $10.9M | $-38.7M | ||
| Q2 24 | $10.8M | $-29.3M |
毛利率FSBCPL
| 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FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | -22.6% | ||
| Q3 25 | 53.8% | -24.5% | ||
| Q2 25 | 52.4% | -34.4% | ||
| Q1 25 | 52.0% | -31.5% | ||
| Q4 24 | 55.1% | -36.9% | ||
| Q3 24 | 48.0% | -64.8% | ||
| Q2 24 | 49.4% | -57.2% |
净利率FSBCPL
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | -72.8% | ||
| Q3 25 | 39.6% | -30.8% | ||
| Q2 25 | 37.9% | -19.1% | ||
| Q1 25 | 37.1% | -57.1% | ||
| Q4 24 | 37.9% | -32.8% | ||
| Q3 24 | 34.4% | -63.3% | ||
| Q2 24 | 35.2% | -48.5% |
每股收益（稀释后）FSBCPL
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $-0.19 | ||
| Q3 25 | $0.77 | $-0.07 | ||
| Q2 25 | $0.68 | $-0.04 | ||
| Q1 25 | $0.62 | $-0.12 | ||
| Q4 24 | $0.61 | $-0.07 | ||
| Q3 24 | $0.52 | $-0.13 | ||
| Q2 24 | $0.51 | $-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 | $644.4M | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $458.5M | $349.6M |
| 总资产 | $5.0B | $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FSBCPL
| Q1 26 | $644.4M | — | ||
| 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FSBCPL
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $349.6M | ||
| Q3 25 | $431.3M | $435.7M | ||
| Q2 25 | $416.7M | $444.8M | ||
| Q1 25 | $406.5M | $441.3M | ||
| Q4 24 | $396.6M | $464.6M | ||
| Q3 24 | $389.9M | $473.2M | ||
| Q2 24 | $380.5M | $500.3M |
总资产FSBCPL
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $1.1B | ||
| Q3 25 | $4.6B | $696.4M | ||
| Q2 25 | $4.4B | $658.4M | ||
| Q1 25 | $4.2B | $633.8M | ||
| Q4 24 | $4.1B | $630.8M | ||
| Q3 24 | $3.9B | $658.4M | ||
| Q2 24 | $3.6B | $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FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $28.6M | ||
| Q3 25 | $18.8M | $67.8M | ||
| Q2 25 | $17.8M | $17.3M | ||
| Q1 25 | $15.5M | $-6.3M | ||
| Q4 24 | $51.8M | $4.1M | ||
| Q3 24 | $17.5M | $-7.9M | ||
| Q2 24 | $16.0M | $-4.3M |
自由现金流FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $1.9M | ||
| Q3 25 | $18.6M | $47.5M | ||
| Q2 25 | $17.5M | $9.2M | ||
| Q1 25 | $15.4M | $-17.9M | ||
| Q4 24 | $51.2M | $-3.6M | ||
| Q3 24 | $17.3M | $-23.0M | ||
| Q2 24 | $15.8M | $-14.2M |
自由现金流率FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 2.3% | ||
| Q3 25 | 45.0% | 64.7% | ||
| Q2 25 | 45.8% | 13.9% | ||
| Q1 25 | 43.5% | -29.1% | ||
| Q4 24 | 145.5% | -5.8% | ||
| Q3 24 | 54.5% | -37.6% | ||
| Q2 24 | 51.6% | -23.6% |
资本支出强度FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 32.9% | ||
| Q3 25 | 0.5% | 27.6% | ||
| Q2 25 | 0.6% | 12.3% | ||
| Q1 25 | 0.3% | 18.9% | ||
| Q4 24 | 1.8% | 12.5% | ||
| Q3 24 | 0.7% | 24.8% | ||
| Q2 24 | 0.7% | 16.4% |
现金转化率FSBCPL
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.49× | — |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
