vs
第一太阳能（FSLR）与KEMPER Corp（KMPR）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KEMPER Corp的1.5倍（$1.7B vs $1.1B），第一太阳能净利率更高（31.0% vs -0.7%，领先31.7%），第一太阳能同比增速更快（11.1% vs -4.7%），第一太阳能自由现金流更多（$1.1B vs $166.2M），过去两年第一太阳能的营收复合增速更高（45.6% vs -0.5%）
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。
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
FSLR vs KMPR — 直观对比
营收规模更大
FSLR
是对方的1.5倍
$1.1B
营收增速更快
FSLR
高出15.8%
-4.7%
净利率更高
FSLR
高出31.7%
-0.7%
自由现金流更多
FSLR
多$904.0M
$166.2M
两年增速更快
FSLR
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $520.9M | $-8.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 32.6% | — |
| 净利率 | 31.0% | -0.7% |
| 营收同比 | 11.1% | -4.7% |
| 净利润同比 | 32.5% | -108.2% |
| 每股收益（稀释后） | $4.84 | $-0.03 |
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FSLRKMPR
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $844.6M | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $887.7M | $1.2B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $794.1M | $1.1B |
净利润FSLRKMPR
| Q4 25 | $520.9M | $-8.0M | ||
| Q3 25 | $455.9M | $-21.0M | ||
| Q2 25 | $341.9M | $72.6M | ||
| Q1 25 | $209.5M | $99.7M | ||
| Q4 24 | $393.1M | $97.4M | ||
| Q3 24 | $313.0M | $73.7M | ||
| Q2 24 | $349.4M | $75.4M | ||
| Q1 24 | $236.6M | $71.3M |
毛利率FSLRKMPR
| 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FSLRKMPR
| Q4 25 | 32.6% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 26.2% | — | ||
| Q4 24 | 30.2% | — | ||
| Q3 24 | 36.3% | 11.2% | ||
| Q2 24 | 36.9% | 10.1% | ||
| Q1 24 | 30.6% | 7.6% |
净利率FSLRKMPR
| Q4 25 | 31.0% | -0.7% | ||
| Q3 25 | 28.6% | -1.7% | ||
| Q2 25 | 31.2% | 5.9% | ||
| Q1 25 | 24.8% | 8.4% | ||
| Q4 24 | 26.0% | 8.2% | ||
| Q3 24 | 35.3% | 6.3% | ||
| Q2 24 | 34.6% | 6.7% | ||
| Q1 24 | 29.8% | 6.2% |
每股收益（稀释后）FSLRKMPR
| Q4 25 | $4.84 | $-0.03 | ||
| Q3 25 | $4.24 | $-0.34 | ||
| Q2 25 | $3.18 | $1.12 | ||
| Q1 25 | $1.95 | $1.54 | ||
| Q4 24 | $3.66 | $1.51 | ||
| Q3 24 | $2.91 | $1.14 | ||
| Q2 24 | $3.25 | $1.16 | ||
| Q1 24 | $2.20 | $1.10 |
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 | $2.8B | — |
| 总债务越低越好 | — | $943.5M |
| 股东权益账面价值 | $9.5B | $2.7B |
| 总资产 | $13.3B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资FSLRKMPR
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.0B | $371.2M | ||
| Q2 25 | $1.1B | $407.6M | ||
| Q1 25 | $837.6M | $545.3M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.0B | $696.9M | ||
| Q2 24 | $1.7B | $539.1M | ||
| Q1 24 | $1.7B | $520.7M |
总债务FSLRKMPR
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | — | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益FSLRKMPR
| Q4 25 | $9.5B | $2.7B | ||
| Q3 25 | $9.0B | $2.7B | ||
| Q2 25 | $8.5B | $370.0M | ||
| Q1 25 | $8.2B | $366.0M | ||
| Q4 24 | $8.0B | $2.8B | ||
| Q3 24 | $7.6B | $2.8B | ||
| Q2 24 | $7.3B | $358.0M | ||
| Q1 24 | $6.9B | $2.6B |
总资产FSLRKMPR
| Q4 25 | $13.3B | $12.5B | ||
| Q3 25 | $13.5B | $12.4B | ||
| Q2 25 | $12.9B | $12.6B | ||
| Q1 25 | $12.1B | $12.5B | ||
| Q4 24 | $12.1B | $12.6B | ||
| Q3 24 | $11.4B | $12.6B | ||
| Q2 24 | $11.0B | $12.6B | ||
| Q1 24 | $10.8B | $12.6B |
负债/权益比FSLRKMPR
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× | ||
| 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 | $175.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $166.2M |
| 自由现金流率自由现金流/营收 | 63.6% | 14.7% |
| 资本支出强度资本支出/营收 | 10.2% | 0.8% |
| 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 | $553.9M |
8季度趋势，按日历期对齐
经营现金流FSLRKMPR
| Q4 25 | $1.2B | $175.0M | ||
| Q3 25 | $1.3B | $139.9M | ||
| Q2 25 | $149.6M | $89.6M | ||
| Q1 25 | $-608.0M | $180.0M | ||
| Q4 24 | $811.0M | $175.1M | ||
| Q3 24 | $-53.7M | $141.9M | ||
| Q2 24 | $193.0M | $22.9M | ||
| Q1 24 | $267.7M | $43.0M |
自由现金流FSLRKMPR
| Q4 25 | $1.1B | $166.2M | ||
| Q3 25 | $1.1B | $133.4M | ||
| Q2 25 | $-138.6M | $82.0M | ||
| Q1 25 | $-813.9M | $172.3M | ||
| Q4 24 | $497.5M | $165.4M | ||
| Q3 24 | $-487.7M | $131.4M | ||
| Q2 24 | $-172.1M | $5.2M | ||
| Q1 24 | $-145.7M | $27.7M |
自由现金流率FSLRKMPR
| Q4 25 | 63.6% | 14.7% | ||
| Q3 25 | 67.1% | 10.8% | ||
| Q2 25 | -12.6% | 6.7% | ||
| Q1 25 | -96.4% | 14.4% | ||
| Q4 24 | 32.9% | 13.9% | ||
| Q3 24 | -54.9% | 11.1% | ||
| Q2 24 | -17.0% | 0.5% | ||
| Q1 24 | -18.4% | 2.4% |
资本支出强度FSLRKMPR
| Q4 25 | 10.2% | 0.8% | ||
| Q3 25 | 12.8% | 0.5% | ||
| Q2 25 | 26.3% | 0.6% | ||
| Q1 25 | 24.4% | 0.6% | ||
| Q4 24 | 20.7% | 0.8% | ||
| Q3 24 | 48.9% | 0.9% | ||
| Q2 24 | 36.1% | 1.6% | ||
| Q1 24 | 52.1% | 1.3% |
现金转化率FSLRKMPR
| Q4 25 | 2.38× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 0.44× | 1.23× | ||
| Q1 25 | -2.90× | 1.81× | ||
| Q4 24 | 2.06× | 1.80× | ||
| Q3 24 | -0.17× | 1.93× | ||
| Q2 24 | 0.55× | 0.30× | ||
| Q1 24 | 1.13× | 0.60× |
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
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
