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第一太阳能（FSLR）与FuboTV Inc.（FUBO）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是FuboTV Inc.的1.1倍（$1.7B vs $1.5B），第一太阳能净利率更高（31.0% vs -0.4%，领先31.3%），FuboTV Inc.同比增速更快（249.4% vs 11.1%），第一太阳能自由现金流更多（$1.1B vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 45.6%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
FSLR vs FUBO — 直观对比
营收规模更大
FSLR
是对方的1.1倍
$1.5B
营收增速更快
FUBO
高出238.2%
11.1%
净利率更高
FSLR
高出31.3%
-0.4%
自由现金流更多
FSLR
多$1.3B
$-200.8M
两年增速更快
FUBO
近两年复合增速
45.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.5B |
| 净利润 | $520.9M | $-6.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 32.6% | -1.3% |
| 净利率 | 31.0% | -0.4% |
| 营收同比 | 11.1% | 249.4% |
| 净利润同比 | 32.5% | 84.5% |
| 每股收益（稀释后） | $4.84 | $-0.02 |
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FSLRFUBO
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.6B | $377.2M | ||
| Q2 25 | $1.1B | $380.0M | ||
| Q1 25 | $844.6M | $416.3M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $887.7M | $386.2M | ||
| Q2 24 | $1.0B | $391.0M | ||
| Q1 24 | $794.1M | $402.3M |
净利润FSLRFUBO
| Q4 25 | $520.9M | $-6.0M | ||
| Q3 25 | $455.9M | $-18.9M | ||
| Q2 25 | $341.9M | $-8.0M | ||
| Q1 25 | $209.5M | $188.5M | ||
| Q4 24 | $393.1M | — | ||
| Q3 24 | $313.0M | $-52.4M | ||
| Q2 24 | $349.4M | $-25.3M | ||
| Q1 24 | $236.6M | $-56.0M |
毛利率FSLRFUBO
| Q4 25 | 39.5% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 50.2% | — | ||
| Q2 24 | 49.4% | — | ||
| Q1 24 | 43.6% | — |
营业利润率FSLRFUBO
| Q4 25 | 32.6% | -1.3% | ||
| Q3 25 | 29.2% | -5.3% | ||
| Q2 25 | 33.0% | -1.6% | ||
| Q1 25 | 26.2% | -6.1% | ||
| Q4 24 | 30.2% | — | ||
| Q3 24 | 36.3% | -15.2% | ||
| Q2 24 | 36.9% | -9.1% | ||
| Q1 24 | 30.6% | -15.7% |
净利率FSLRFUBO
| Q4 25 | 31.0% | -0.4% | ||
| Q3 25 | 28.6% | -5.0% | ||
| Q2 25 | 31.2% | -2.1% | ||
| Q1 25 | 24.8% | 45.3% | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 35.3% | -13.6% | ||
| Q2 24 | 34.6% | -6.5% | ||
| Q1 24 | 29.8% | -13.9% |
每股收益（稀释后）FSLRFUBO
| Q4 25 | $4.84 | $-0.02 | ||
| Q3 25 | $4.24 | $-0.06 | ||
| Q2 25 | $3.18 | $-0.02 | ||
| Q1 25 | $1.95 | $0.55 | ||
| Q4 24 | $3.66 | — | ||
| Q3 24 | $2.91 | $-0.16 | ||
| Q2 24 | $3.25 | $-0.08 | ||
| Q1 24 | $2.20 | $-0.19 |
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 | $2.8B | $452.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.5B | $275.5M |
| 总资产 | $13.3B | $4.1B |
| 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FSLRFUBO
| Q4 25 | $2.8B | $452.4M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.1B | $283.6M | ||
| Q1 25 | $837.6M | $321.6M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.0B | $146.2M | ||
| Q2 24 | $1.7B | $155.2M | ||
| Q1 24 | $1.7B | $168.9M |
股东权益FSLRFUBO
| Q4 25 | $9.5B | $275.5M | ||
| Q3 25 | $9.0B | $915.3M | ||
| Q2 25 | $8.5B | $400.4M | ||
| Q1 25 | $8.2B | $389.0M | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | $7.6B | $905.3M | ||
| Q2 24 | $7.3B | $254.2M | ||
| Q1 24 | $6.9B | $236.1M |
总资产FSLRFUBO
| Q4 25 | $13.3B | $4.1B | ||
| Q3 25 | $13.5B | $1.3B | ||
| Q2 25 | $12.9B | $1.2B | ||
| Q1 25 | $12.1B | $1.2B | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $11.4B | $1.1B | ||
| Q2 24 | $11.0B | $1.1B | ||
| Q1 24 | $10.8B | $1.1B |
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 | $1.2B | $-200.3M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-200.8M |
| 自由现金流率自由现金流/营收 | 63.6% | -13.0% |
| 资本支出强度资本支出/营收 | 10.2% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.38× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-81.3M |
8季度趋势，按日历期对齐
经营现金流FSLRFUBO
| Q4 25 | $1.2B | $-200.3M | ||
| Q3 25 | $1.3B | $-6.5M | ||
| Q2 25 | $149.6M | $-34.6M | ||
| Q1 25 | $-608.0M | $161.4M | ||
| Q4 24 | $811.0M | — | ||
| Q3 24 | $-53.7M | $235.0K | ||
| Q2 24 | $193.0M | $-32.3M | ||
| Q1 24 | $267.7M | $-67.3M |
自由现金流FSLRFUBO
| Q4 25 | $1.1B | $-200.8M | ||
| Q3 25 | $1.1B | $-6.5M | ||
| Q2 25 | $-138.6M | $-35.0M | ||
| Q1 25 | $-813.9M | $161.1M | ||
| Q4 24 | $497.5M | — | ||
| Q3 24 | $-487.7M | $-1.3M | ||
| Q2 24 | $-172.1M | $-32.5M | ||
| Q1 24 | $-145.7M | $-67.4M |
自由现金流率FSLRFUBO
| Q4 25 | 63.6% | -13.0% | ||
| Q3 25 | 67.1% | -1.7% | ||
| Q2 25 | -12.6% | -9.2% | ||
| Q1 25 | -96.4% | 38.7% | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | -54.9% | -0.3% | ||
| Q2 24 | -17.0% | -8.3% | ||
| Q1 24 | -18.4% | -16.7% |
资本支出强度FSLRFUBO
| Q4 25 | 10.2% | 0.0% | ||
| Q3 25 | 12.8% | 0.0% | ||
| Q2 25 | 26.3% | 0.1% | ||
| Q1 25 | 24.4% | 0.1% | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 48.9% | 0.4% | ||
| Q2 24 | 36.1% | 0.1% | ||
| Q1 24 | 52.1% | 0.0% |
现金转化率FSLRFUBO
| Q4 25 | 2.38× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | -2.90× | 0.86× | ||
| Q4 24 | 2.06× | — | ||
| Q3 24 | -0.17× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.13× | — |
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
FSLR
暂无分部数据
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
