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第一太阳能（FSLR）与简柏特（G）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简柏特的1.3倍（$1.7B vs $1.3B），第一太阳能净利率更高（31.0% vs 10.8%，领先20.1%），第一太阳能同比增速更快（11.1% vs 5.6%），第一太阳能自由现金流更多（$1.1B vs $269.0M），过去两年第一太阳能的营收复合增速更高（45.6% vs 8.0%）
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。
简柏特是全球领先的信息技术服务、咨询及外包提供商，总部位于美国纽约，最初成立于印度古尔冈，法定注册地为百慕大。集团现有员工超12.5万名，服务覆盖全球30多个国家，于纽交所上市，2023年总营收达44.8亿美元。
FSLR vs G — 直观对比
营收规模更大
FSLR
是对方的1.3倍
$1.3B
营收增速更快
FSLR
高出5.5%
5.6%
净利率更高
FSLR
高出20.1%
10.8%
自由现金流更多
FSLR
多$801.1M
$269.0M
两年增速更快
FSLR
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $520.9M | $143.1M |
| 毛利率 | 39.5% | 36.6% |
| 营业利润率 | 32.6% | 14.8% |
| 净利率 | 31.0% | 10.8% |
| 营收同比 | 11.1% | 5.6% |
| 净利润同比 | 32.5% | 0.8% |
| 每股收益（稀释后） | $4.84 | $0.82 |
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FSLRG
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $844.6M | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $887.7M | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $794.1M | $1.1B |
净利润FSLRG
| Q4 25 | $520.9M | $143.1M | ||
| Q3 25 | $455.9M | $145.8M | ||
| Q2 25 | $341.9M | $132.7M | ||
| Q1 25 | $209.5M | $130.9M | ||
| Q4 24 | $393.1M | $141.9M | ||
| Q3 24 | $313.0M | $132.8M | ||
| Q2 24 | $349.4M | $122.0M | ||
| Q1 24 | $236.6M | $116.9M |
毛利率FSLRG
| Q4 25 | 39.5% | 36.6% | ||
| Q3 25 | 38.3% | 36.4% | ||
| Q2 25 | 45.6% | 35.9% | ||
| Q1 25 | 40.8% | 35.3% | ||
| Q4 24 | 37.5% | 35.7% | ||
| Q3 24 | 50.2% | 35.6% | ||
| Q2 24 | 49.4% | 35.4% | ||
| Q1 24 | 43.6% | 35.0% |
营业利润率FSLRG
| Q4 25 | 32.6% | 14.8% | ||
| Q3 25 | 29.2% | 14.8% | ||
| Q2 25 | 33.0% | 14.3% | ||
| Q1 25 | 26.2% | 15.1% | ||
| Q4 24 | 30.2% | 15.2% | ||
| Q3 24 | 36.3% | 15.0% | ||
| Q2 24 | 36.9% | 14.5% | ||
| Q1 24 | 30.6% | 14.1% |
净利率FSLRG
| Q4 25 | 31.0% | 10.8% | ||
| Q3 25 | 28.6% | 11.3% | ||
| Q2 25 | 31.2% | 10.6% | ||
| Q1 25 | 24.8% | 10.8% | ||
| Q4 24 | 26.0% | 11.4% | ||
| Q3 24 | 35.3% | 11.0% | ||
| Q2 24 | 34.6% | 10.4% | ||
| Q1 24 | 29.8% | 10.3% |
每股收益（稀释后）FSLRG
| Q4 25 | $4.84 | $0.82 | ||
| Q3 25 | $4.24 | $0.83 | ||
| Q2 25 | $3.18 | $0.75 | ||
| Q1 25 | $1.95 | $0.73 | ||
| Q4 24 | $3.66 | $0.80 | ||
| Q3 24 | $2.91 | $0.74 | ||
| Q2 24 | $3.25 | $0.67 | ||
| Q1 24 | $2.20 | $0.64 |
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 | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $9.5B | $2.5B |
| 总资产 | $13.3B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资FSLRG
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $2.0B | $740.8M | ||
| Q2 25 | $1.1B | $663.3M | ||
| Q1 25 | $837.6M | $561.6M | ||
| Q4 24 | $1.6B | $671.6M | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.7B | $914.2M | ||
| Q1 24 | $1.7B | $478.4M |
总债务FSLRG
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.2B |
股东权益FSLRG
| Q4 25 | $9.5B | $2.5B | ||
| Q3 25 | $9.0B | $2.5B | ||
| Q2 25 | $8.5B | $2.6B | ||
| Q1 25 | $8.2B | $2.5B | ||
| Q4 24 | $8.0B | $2.4B | ||
| Q3 24 | $7.6B | $2.4B | ||
| Q2 24 | $7.3B | $2.3B | ||
| Q1 24 | $6.9B | $2.3B |
总资产FSLRG
| Q4 25 | $13.3B | $5.8B | ||
| Q3 25 | $13.5B | $5.4B | ||
| Q2 25 | $12.9B | $5.3B | ||
| Q1 25 | $12.1B | $4.9B | ||
| Q4 24 | $12.1B | $5.0B | ||
| Q3 24 | $11.4B | $5.3B | ||
| Q2 24 | $11.0B | $5.2B | ||
| Q1 24 | $10.8B | $4.7B |
负债/权益比FSLRG
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.54× |
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 | $286.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $269.0M |
| 自由现金流率自由现金流/营收 | 63.6% | 20.4% |
| 资本支出强度资本支出/营收 | 10.2% | 1.3% |
| 现金转化率经营现金流/净利润 | 2.38× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $734.7M |
8季度趋势，按日历期对齐
经营现金流FSLRG
| Q4 25 | $1.2B | $286.7M | ||
| Q3 25 | $1.3B | $308.4M | ||
| Q2 25 | $149.6M | $177.4M | ||
| Q1 25 | $-608.0M | $40.4M | ||
| Q4 24 | $811.0M | $203.2M | ||
| Q3 24 | $-53.7M | $228.5M | ||
| Q2 24 | $193.0M | $209.3M | ||
| Q1 24 | $267.7M | $-25.6M |
自由现金流FSLRG
| Q4 25 | $1.1B | $269.0M | ||
| Q3 25 | $1.1B | $292.0M | ||
| Q2 25 | $-138.6M | $155.1M | ||
| Q1 25 | $-813.9M | $18.5M | ||
| Q4 24 | $497.5M | $183.5M | ||
| Q3 24 | $-487.7M | $208.7M | ||
| Q2 24 | $-172.1M | $190.0M | ||
| Q1 24 | $-145.7M | $-49.6M |
自由现金流率FSLRG
| Q4 25 | 63.6% | 20.4% | ||
| Q3 25 | 67.1% | 22.6% | ||
| Q2 25 | -12.6% | 12.4% | ||
| Q1 25 | -96.4% | 1.5% | ||
| Q4 24 | 32.9% | 14.7% | ||
| Q3 24 | -54.9% | 17.2% | ||
| Q2 24 | -17.0% | 16.2% | ||
| Q1 24 | -18.4% | -4.4% |
资本支出强度FSLRG
| Q4 25 | 10.2% | 1.3% | ||
| Q3 25 | 12.8% | 1.3% | ||
| Q2 25 | 26.3% | 1.8% | ||
| Q1 25 | 24.4% | 1.8% | ||
| Q4 24 | 20.7% | 1.6% | ||
| Q3 24 | 48.9% | 1.6% | ||
| Q2 24 | 36.1% | 1.6% | ||
| Q1 24 | 52.1% | 2.1% |
现金转化率FSLRG
| Q4 25 | 2.38× | 2.00× | ||
| Q3 25 | 2.79× | 2.11× | ||
| Q2 25 | 0.44× | 1.34× | ||
| Q1 25 | -2.90× | 0.31× | ||
| Q4 24 | 2.06× | 1.43× | ||
| Q3 24 | -0.17× | 1.72× | ||
| Q2 24 | 0.55× | 1.72× | ||
| Q1 24 | 1.13× | -0.22× |
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
G
| High Tech And Manufacturing | $525.3M | 40% |
| Consumer And Healthcare | $445.8M | 34% |
| Financial Services | $348.2M | 26% |
