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第一太阳能（FSLR）与罗宾汉（HOOD）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罗宾汉的1.8倍（$1.7B vs $927.0M），罗宾汉净利率更高（36.2% vs 31.0%，领先5.3%），第一太阳能同比增速更快（11.1% vs -27.7%），过去两年第一太阳能的营收复合增速更高（45.6% vs 16.6%）
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。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
FSLR vs HOOD — 直观对比
营收规模更大
FSLR
是对方的1.8倍
$927.0M
营收增速更快
FSLR
高出38.9%
-27.7%
净利率更高
HOOD
高出5.3%
31.0%
两年增速更快
FSLR
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $927.0M |
| 净利润 | $520.9M | $336.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 32.6% | — |
| 净利率 | 31.0% | 36.2% |
| 营收同比 | 11.1% | -27.7% |
| 净利润同比 | 32.5% | -2.9% |
| 每股收益（稀释后） | $4.84 | $336.00 |
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FSLRHOOD
| Q1 26 | — | $927.0M | ||
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.1B | $989.0M | ||
| Q1 25 | $844.6M | $927.0M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $887.7M | $637.0M | ||
| Q2 24 | $1.0B | $682.0M |
净利润FSLRHOOD
| Q1 26 | — | $336.0M | ||
| Q4 25 | $520.9M | $605.0M | ||
| Q3 25 | $455.9M | $556.0M | ||
| Q2 25 | $341.9M | $386.0M | ||
| Q1 25 | $209.5M | $336.0M | ||
| Q4 24 | $393.1M | $916.0M | ||
| Q3 24 | $313.0M | $150.0M | ||
| Q2 24 | $349.4M | $188.0M |
毛利率FSLRHOOD
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FSLRHOOD
| Q1 26 | — | — | ||
| Q4 25 | 32.6% | 51.5% | ||
| Q3 25 | 29.2% | 49.8% | ||
| Q2 25 | 33.0% | 44.7% | ||
| Q1 25 | 26.2% | 40.0% | ||
| Q4 24 | 30.2% | 55.0% | ||
| Q3 24 | 36.3% | 24.0% | ||
| Q2 24 | 36.9% | 28.0% |
净利率FSLRHOOD
| Q1 26 | — | 36.2% | ||
| Q4 25 | 31.0% | 47.2% | ||
| Q3 25 | 28.6% | 43.6% | ||
| Q2 25 | 31.2% | 39.0% | ||
| Q1 25 | 24.8% | 36.2% | ||
| Q4 24 | 26.0% | 90.3% | ||
| Q3 24 | 35.3% | 23.5% | ||
| Q2 24 | 34.6% | 27.6% |
每股收益（稀释后）FSLRHOOD
| Q1 26 | — | $336.00 | ||
| Q4 25 | $4.84 | $0.65 | ||
| Q3 25 | $4.24 | $0.61 | ||
| Q2 25 | $3.18 | $0.42 | ||
| Q1 25 | $1.95 | $0.37 | ||
| Q4 24 | $3.66 | $1.00 | ||
| Q3 24 | $2.91 | $0.17 | ||
| Q2 24 | $3.25 | $0.21 |
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 | $4.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.5B | $9.2B |
| 总资产 | $13.3B | $38.1B |
| 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FSLRHOOD
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.8B | $4.3B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $1.1B | $4.2B | ||
| Q1 25 | $837.6M | $4.4B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.7B | $4.5B |
股东权益FSLRHOOD
| Q1 26 | — | $9.2B | ||
| Q4 25 | $9.5B | $9.2B | ||
| Q3 25 | $9.0B | $8.6B | ||
| Q2 25 | $8.5B | $8.1B | ||
| Q1 25 | $8.2B | $8.0B | ||
| Q4 24 | $8.0B | $8.0B | ||
| Q3 24 | $7.6B | $7.2B | ||
| Q2 24 | $7.3B | $7.1B |
总资产FSLRHOOD
| Q1 26 | — | $38.1B | ||
| Q4 25 | $13.3B | $38.1B | ||
| Q3 25 | $13.5B | $41.5B | ||
| Q2 25 | $12.9B | $35.3B | ||
| Q1 25 | $12.1B | $27.5B | ||
| Q4 24 | $12.1B | $26.2B | ||
| Q3 24 | $11.4B | $43.2B | ||
| Q2 24 | $11.0B | $41.3B |
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 | $1.2B | $642.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | — |
| 自由现金流率自由现金流/营收 | 63.6% | — |
| 资本支出强度资本支出/营收 | 10.2% | — |
| 现金转化率经营现金流/净利润 | 2.38× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流FSLRHOOD
| Q1 26 | — | $642.0M | ||
| Q4 25 | $1.2B | $-937.0M | ||
| Q3 25 | $1.3B | $-1.6B | ||
| Q2 25 | $149.6M | $3.5B | ||
| Q1 25 | $-608.0M | $642.0M | ||
| Q4 24 | $811.0M | $-1.4B | ||
| Q3 24 | $-53.7M | $1.8B | ||
| Q2 24 | $193.0M | $54.0M |
自由现金流FSLRHOOD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $-138.6M | — | ||
| Q1 25 | $-813.9M | — | ||
| Q4 24 | $497.5M | — | ||
| Q3 24 | $-487.7M | — | ||
| Q2 24 | $-172.1M | — |
自由现金流率FSLRHOOD
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | — | ||
| Q3 25 | 67.1% | — | ||
| Q2 25 | -12.6% | — | ||
| Q1 25 | -96.4% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | -54.9% | — | ||
| Q2 24 | -17.0% | — |
资本支出强度FSLRHOOD
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.8% | — | ||
| Q2 25 | 26.3% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 48.9% | — | ||
| Q2 24 | 36.1% | — |
现金转化率FSLRHOOD
| Q1 26 | — | 1.91× | ||
| Q4 25 | 2.38× | -1.55× | ||
| Q3 25 | 2.79× | -2.83× | ||
| Q2 25 | 0.44× | 9.09× | ||
| Q1 25 | -2.90× | 1.91× | ||
| Q4 24 | 2.06× | -1.53× | ||
| Q3 24 | -0.17× | 12.08× | ||
| Q2 24 | 0.55× | 0.29× |
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
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
