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第一太阳能（FSLR）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, Inc.的季度营收约是第一太阳能的1.3倍（$2.2B vs $1.7B），第一太阳能净利率更高（31.0% vs 4.5%，领先26.5%），第一太阳能同比增速更快（11.1% vs 10.1%），第一太阳能自由现金流更多（$1.1B vs $119.3M），过去两年第一太阳能的营收复合增速更高（45.6% vs 4.3%）
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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
FSLR vs POST — 直观对比
营收规模更大
POST
是对方的1.3倍
$1.7B
营收增速更快
FSLR
高出1.0%
10.1%
净利率更高
FSLR
高出26.5%
4.5%
自由现金流更多
FSLR
多$950.9M
$119.3M
两年增速更快
FSLR
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.2B |
| 净利润 | $520.9M | $96.8M |
| 毛利率 | 39.5% | 29.4% |
| 营业利润率 | 32.6% | 11.0% |
| 净利率 | 31.0% | 4.5% |
| 营收同比 | 11.1% | 10.1% |
| 净利润同比 | 32.5% | -14.6% |
| 每股收益（稀释后） | $4.84 | $1.71 |
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FSLRPOST
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $844.6M | $2.0B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $887.7M | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $794.1M | $2.0B |
净利润FSLRPOST
| Q4 25 | $520.9M | $96.8M | ||
| Q3 25 | $455.9M | $51.0M | ||
| Q2 25 | $341.9M | $108.8M | ||
| Q1 25 | $209.5M | $62.6M | ||
| Q4 24 | $393.1M | $113.3M | ||
| Q3 24 | $313.0M | $81.6M | ||
| Q2 24 | $349.4M | $99.8M | ||
| Q1 24 | $236.6M | $97.2M |
毛利率FSLRPOST
| Q4 25 | 39.5% | 29.4% | ||
| Q3 25 | 38.3% | 26.8% | ||
| Q2 25 | 45.6% | 30.0% | ||
| Q1 25 | 40.8% | 28.0% | ||
| Q4 24 | 37.5% | 30.1% | ||
| Q3 24 | 50.2% | 28.6% | ||
| Q2 24 | 49.4% | 29.6% | ||
| Q1 24 | 43.6% | 29.0% |
营业利润率FSLRPOST
| Q4 25 | 32.6% | 11.0% | ||
| Q3 25 | 29.2% | 7.5% | ||
| Q2 25 | 33.0% | 11.8% | ||
| Q1 25 | 26.2% | 9.3% | ||
| Q4 24 | 30.2% | 10.8% | ||
| Q3 24 | 36.3% | 9.5% | ||
| Q2 24 | 36.9% | 10.4% | ||
| Q1 24 | 30.6% | 9.5% |
净利率FSLRPOST
| Q4 25 | 31.0% | 4.5% | ||
| Q3 25 | 28.6% | 2.3% | ||
| Q2 25 | 31.2% | 5.5% | ||
| Q1 25 | 24.8% | 3.2% | ||
| Q4 24 | 26.0% | 5.7% | ||
| Q3 24 | 35.3% | 4.1% | ||
| Q2 24 | 34.6% | 5.1% | ||
| Q1 24 | 29.8% | 4.9% |
每股收益（稀释后）FSLRPOST
| Q4 25 | $4.84 | $1.71 | ||
| Q3 25 | $4.24 | $0.91 | ||
| Q2 25 | $3.18 | $1.79 | ||
| Q1 25 | $1.95 | $1.03 | ||
| Q4 24 | $3.66 | $1.78 | ||
| Q3 24 | $2.91 | $1.28 | ||
| Q2 24 | $3.25 | $1.53 | ||
| Q1 24 | $2.20 | $1.48 |
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 | $279.3M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $9.5B | $3.5B |
| 总资产 | $13.3B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资FSLRPOST
| Q4 25 | $2.8B | $279.3M | ||
| Q3 25 | $2.0B | $176.7M | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $837.6M | $617.6M | ||
| Q4 24 | $1.6B | $872.9M | ||
| Q3 24 | $1.0B | $787.4M | ||
| Q2 24 | $1.7B | $333.8M | ||
| Q1 24 | $1.7B | $333.4M |
总债务FSLRPOST
| Q4 25 | — | $7.5B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $6.4B |
股东权益FSLRPOST
| Q4 25 | $9.5B | $3.5B | ||
| Q3 25 | $9.0B | $3.8B | ||
| Q2 25 | $8.5B | $4.0B | ||
| Q1 25 | $8.2B | $3.8B | ||
| Q4 24 | $8.0B | $3.9B | ||
| Q3 24 | $7.6B | $4.1B | ||
| Q2 24 | $7.3B | $3.9B | ||
| Q1 24 | $6.9B | $4.0B |
总资产FSLRPOST
| Q4 25 | $13.3B | $13.0B | ||
| Q3 25 | $13.5B | $13.5B | ||
| Q2 25 | $12.9B | $13.4B | ||
| Q1 25 | $12.1B | $12.8B | ||
| Q4 24 | $12.1B | $12.8B | ||
| Q3 24 | $11.4B | $12.9B | ||
| Q2 24 | $11.0B | $12.1B | ||
| Q1 24 | $10.8B | $12.2B |
负债/权益比FSLRPOST
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $119.3M |
| 自由现金流率自由现金流/营收 | 63.6% | 5.5% |
| 资本支出强度资本支出/营收 | 10.2% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.38× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $436.0M |
8季度趋势，按日历期对齐
经营现金流FSLRPOST
| Q4 25 | $1.2B | $235.7M | ||
| Q3 25 | $1.3B | $301.3M | ||
| Q2 25 | $149.6M | $225.9M | ||
| Q1 25 | $-608.0M | $160.7M | ||
| Q4 24 | $811.0M | $310.4M | ||
| Q3 24 | $-53.7M | $235.4M | ||
| Q2 24 | $193.0M | $272.3M | ||
| Q1 24 | $267.7M | $249.6M |
自由现金流FSLRPOST
| Q4 25 | $1.1B | $119.3M | ||
| Q3 25 | $1.1B | $151.6M | ||
| Q2 25 | $-138.6M | $94.9M | ||
| Q1 25 | $-813.9M | $70.2M | ||
| Q4 24 | $497.5M | $171.4M | ||
| Q3 24 | $-487.7M | $96.2M | ||
| Q2 24 | $-172.1M | $161.5M | ||
| Q1 24 | $-145.7M | $150.9M |
自由现金流率FSLRPOST
| Q4 25 | 63.6% | 5.5% | ||
| Q3 25 | 67.1% | 6.7% | ||
| Q2 25 | -12.6% | 4.8% | ||
| Q1 25 | -96.4% | 3.6% | ||
| Q4 24 | 32.9% | 8.7% | ||
| Q3 24 | -54.9% | 4.8% | ||
| Q2 24 | -17.0% | 8.3% | ||
| Q1 24 | -18.4% | 7.5% |
资本支出强度FSLRPOST
| Q4 25 | 10.2% | 5.4% | ||
| Q3 25 | 12.8% | 6.7% | ||
| Q2 25 | 26.3% | 6.6% | ||
| Q1 25 | 24.4% | 4.6% | ||
| Q4 24 | 20.7% | 7.0% | ||
| Q3 24 | 48.9% | 6.9% | ||
| Q2 24 | 36.1% | 5.7% | ||
| Q1 24 | 52.1% | 4.9% |
现金转化率FSLRPOST
| Q4 25 | 2.38× | 2.43× | ||
| Q3 25 | 2.79× | 5.91× | ||
| Q2 25 | 0.44× | 2.08× | ||
| Q1 25 | -2.90× | 2.57× | ||
| Q4 24 | 2.06× | 2.74× | ||
| Q3 24 | -0.17× | 2.88× | ||
| Q2 24 | 0.55× | 2.73× | ||
| Q1 24 | 1.13× | 2.57× |
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
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
