vs
FS Bancorp, Inc.（FSBW）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是FS Bancorp, Inc.的1.2倍（$47.1M vs $40.0M），FS Bancorp, Inc.同比增速更快（12.0% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 6.2%）
FS Bancorp, Inc.是总部位于美国的银行控股公司，为华盛顿第一安全银行的母公司，主要面向美国太平洋西北地区客户提供各类个人及商业银行服务，包括存款产品、住房贷款、小微企业融资、建筑贷款等，核心业务涵盖零售银行、商业银行及住房信贷三大板块。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
FSBW vs STEM — 直观对比
营收规模更大
STEM
是对方的1.2倍
$40.0M
营收增速更快
FSBW
高出27.5%
-15.6%
两年增速更快
STEM
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.0M | $47.1M |
| 净利润 | — | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | 25.8% | -17.7% |
| 净利率 | — | -33.9% |
| 营收同比 | 12.0% | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | $1.11 | $-4.40 |
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FSBWSTEM
| Q4 25 | $40.0M | $47.1M | ||
| Q3 25 | $39.3M | $38.2M | ||
| Q2 25 | $37.3M | $38.4M | ||
| Q1 25 | $36.1M | $32.5M | ||
| Q4 24 | $35.7M | $55.8M | ||
| Q3 24 | $37.2M | $29.3M | ||
| Q2 24 | $36.3M | $34.0M | ||
| Q1 24 | $35.5M | $25.5M |
净利润FSBWSTEM
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $9.2M | $-23.8M | ||
| Q2 25 | $7.7M | $202.5M | ||
| Q1 25 | $8.0M | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $10.3M | $-148.3M | ||
| Q2 24 | $9.0M | $-582.3M | ||
| Q1 24 | $8.4M | $-72.3M |
毛利率FSBWSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率FSBWSTEM
| Q4 25 | 25.8% | -17.7% | ||
| Q3 25 | 29.5% | -33.6% | ||
| Q2 25 | 26.2% | -34.8% | ||
| Q1 25 | 26.2% | -65.0% | ||
| Q4 24 | 27.6% | -84.4% | ||
| Q3 24 | 26.5% | -493.2% | ||
| Q2 24 | 31.3% | -1705.5% | ||
| Q1 24 | 29.7% | -267.0% |
净利率FSBWSTEM
| Q4 25 | — | -33.9% | ||
| Q3 25 | 23.4% | -62.2% | ||
| Q2 25 | 20.7% | 527.8% | ||
| Q1 25 | 22.2% | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | 27.6% | -506.3% | ||
| Q2 24 | 24.7% | -1712.6% | ||
| Q1 24 | 23.7% | -283.9% |
每股收益（稀释后）FSBWSTEM
| Q4 25 | $1.11 | $-4.40 | ||
| Q3 25 | $1.18 | $-2.84 | ||
| Q2 25 | $0.99 | $-1.79 | ||
| Q1 25 | $1.01 | $-0.15 | ||
| Q4 24 | $0.88 | $-15.29 | ||
| Q3 24 | $1.29 | $-18.24 | ||
| Q2 24 | $1.13 | $-71.81 | ||
| Q1 24 | $1.06 | $-0.46 |
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 | $28.2M | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $307.7M | $-249.4M |
| 总资产 | $3.2B | $308.9M |
| 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FSBWSTEM
| Q4 25 | $28.2M | $48.9M | ||
| Q3 25 | $61.3M | $43.1M | ||
| Q2 25 | $33.2M | $40.8M | ||
| Q1 25 | $62.7M | $58.6M | ||
| Q4 24 | $31.6M | $56.3M | ||
| Q3 24 | $40.3M | $75.4M | ||
| Q2 24 | $33.0M | $89.6M | ||
| Q1 24 | $45.4M | $112.8M |
股东权益FSBWSTEM
| Q4 25 | $307.7M | $-249.4M | ||
| Q3 25 | $300.5M | $-235.7M | ||
| Q2 25 | $297.2M | $-214.1M | ||
| Q1 25 | $298.8M | $-417.5M | ||
| Q4 24 | $295.8M | $-398.4M | ||
| Q3 24 | $288.9M | $-344.1M | ||
| Q2 24 | $284.0M | $-203.2M | ||
| Q1 24 | $277.9M | $371.6M |
总资产FSBWSTEM
| Q4 25 | $3.2B | $308.9M | ||
| Q3 25 | $3.2B | $362.6M | ||
| Q2 25 | $3.2B | $379.2M | ||
| Q1 25 | $3.1B | $405.1M | ||
| Q4 24 | $3.0B | $437.4M | ||
| Q3 24 | $3.0B | $537.8M | ||
| Q2 24 | $2.9B | $691.5M | ||
| Q1 24 | $3.0B | $1.3B |
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 | $72.3M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $51.9M | — |
| 自由现金流率自由现金流/营收 | 129.8% | — |
| 资本支出强度资本支出/营收 | 50.9% | — |
| 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 | $107.2M | — |
8季度趋势，按日历期对齐
经营现金流FSBWSTEM
| Q4 25 | $72.3M | $8.2M | ||
| Q3 25 | $44.6M | $11.4M | ||
| Q2 25 | $7.1M | $-21.3M | ||
| Q1 25 | $8.2M | $8.5M | ||
| Q4 24 | $50.8M | $-14.7M | ||
| Q3 24 | $-891.0K | $-9.4M | ||
| Q2 24 | $9.9M | $-11.9M | ||
| Q1 24 | $275.0K | $-621.0K |
自由现金流FSBWSTEM
| Q4 25 | $51.9M | — | ||
| Q3 25 | $41.6M | — | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $49.2M | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $9.6M | — | ||
| Q1 24 | $-82.0K | — |
自由现金流率FSBWSTEM
| Q4 25 | 129.8% | — | ||
| Q3 25 | 105.9% | — | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 137.7% | — | ||
| Q3 24 | -4.1% | — | ||
| Q2 24 | 26.6% | — | ||
| Q1 24 | -0.2% | — |
资本支出强度FSBWSTEM
| Q4 25 | 50.9% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.0% | — |
现金转化率FSBWSTEM
| Q4 25 | — | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 0.92× | -0.11× | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.09× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.03× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
