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第一太阳能（FSLR）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是第一太阳能的1.4倍（$1.4B vs $1.0B），第一太阳能净利率更高（33.2% vs 27.6%，领先5.6%），第一太阳能同比增速更快（23.6% vs 11.0%），过去两年瑞思迈的营收复合增速更高（7.8% vs 1.7%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
FSLR vs RMD — 直观对比
营收规模更大
RMD
是对方的1.4倍
$1.0B
营收增速更快
FSLR
高出12.7%
11.0%
净利率更高
FSLR
高出5.6%
27.6%
两年增速更快
RMD
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $346.6M | $392.6M |
| 毛利率 | 46.6% | 61.8% |
| 营业利润率 | 33.1% | 34.6% |
| 净利率 | 33.2% | 27.6% |
| 营收同比 | 23.6% | 11.0% |
| 净利润同比 | 65.4% | 13.9% |
| 每股收益（稀释后） | $3.22 | $2.68 |
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FSLRRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.0B | $1.4B | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $844.6M | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $887.7M | $1.2B |
净利润FSLRRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $346.6M | $398.7M | ||
| Q4 25 | $520.9M | $392.6M | ||
| Q3 25 | $455.9M | $348.5M | ||
| Q2 25 | $341.9M | $379.7M | ||
| Q1 25 | $209.5M | $365.0M | ||
| Q4 24 | $393.1M | $344.6M | ||
| Q3 24 | $313.0M | $311.4M |
毛利率FSLRRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 46.6% | 62.2% | ||
| Q4 25 | 39.5% | 61.8% | ||
| Q3 25 | 38.3% | 61.5% | ||
| Q2 25 | 45.6% | 60.8% | ||
| Q1 25 | 40.8% | 59.3% | ||
| Q4 24 | 37.5% | 58.6% | ||
| Q3 24 | 50.2% | 58.6% |
营业利润率FSLRRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 33.1% | 34.9% | ||
| Q4 25 | 32.6% | 34.6% | ||
| Q3 25 | 29.2% | 33.4% | ||
| Q2 25 | 33.0% | 33.7% | ||
| Q1 25 | 26.2% | 33.0% | ||
| Q4 24 | 30.2% | 32.5% | ||
| Q3 24 | 36.3% | 31.6% |
净利率FSLRRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 33.2% | 27.9% | ||
| Q4 25 | 31.0% | 27.6% | ||
| Q3 25 | 28.6% | 26.1% | ||
| Q2 25 | 31.2% | 28.2% | ||
| Q1 25 | 24.8% | 28.3% | ||
| Q4 24 | 26.0% | 26.9% | ||
| Q3 24 | 35.3% | 25.4% |
每股收益（稀释后）FSLRRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $3.22 | $2.74 | ||
| Q4 25 | $4.84 | $2.68 | ||
| Q3 25 | $4.24 | $2.37 | ||
| Q2 25 | $3.18 | $2.58 | ||
| Q1 25 | $1.95 | $2.48 | ||
| Q4 24 | $3.66 | $2.34 | ||
| Q3 24 | $2.91 | $2.11 |
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 | $2.4B | $1.4B |
| 总债务越低越好 | $425.8M | $663.8M |
| 股东权益账面价值 | $9.9B | $6.3B |
| 总资产 | $13.4B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资FSLRRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $2.4B | $1.7B | ||
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $837.6M | $932.7M | ||
| Q4 24 | $1.6B | $521.9M | ||
| Q3 24 | $1.0B | $426.4M |
总债务FSLRRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | $425.8M | $664.1M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M |
股东权益FSLRRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | $9.9B | $6.5B | ||
| Q4 25 | $9.5B | $6.3B | ||
| Q3 25 | $9.0B | $6.1B | ||
| Q2 25 | $8.5B | $6.0B | ||
| Q1 25 | $8.2B | $5.5B | ||
| Q4 24 | $8.0B | $5.3B | ||
| Q3 24 | $7.6B | $5.2B |
总资产FSLRRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $13.4B | $8.8B | ||
| Q4 25 | $13.3B | $8.5B | ||
| Q3 25 | $13.5B | $8.3B | ||
| Q2 25 | $12.9B | $8.2B | ||
| Q1 25 | $12.1B | $7.6B | ||
| Q4 24 | $12.1B | $7.1B | ||
| Q3 24 | $11.4B | $7.2B |
负债/权益比FSLRRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | 0.04× | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | $-214.9M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -0.62× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FSLRRMD
| Q2 26 | — | — | ||
| Q1 26 | $-214.9M | — | ||
| Q4 25 | $1.2B | $339.7M | ||
| Q3 25 | $1.3B | $457.3M | ||
| Q2 25 | $149.6M | $538.8M | ||
| Q1 25 | $-608.0M | $578.7M | ||
| Q4 24 | $811.0M | $308.6M | ||
| Q3 24 | $-53.7M | $325.5M |
自由现金流FSLRRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $311.2M | ||
| Q3 25 | $1.1B | $414.4M | ||
| Q2 25 | $-138.6M | $508.2M | ||
| Q1 25 | $-813.9M | $557.9M | ||
| Q4 24 | $497.5M | $288.0M | ||
| Q3 24 | $-487.7M | $307.7M |
自由现金流率FSLRRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | 21.9% | ||
| Q3 25 | 67.1% | 31.0% | ||
| Q2 25 | -12.6% | 37.7% | ||
| Q1 25 | -96.4% | 43.2% | ||
| Q4 24 | 32.9% | 22.5% | ||
| Q3 24 | -54.9% | 25.1% |
资本支出强度FSLRRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 2.0% | ||
| Q3 25 | 12.8% | 3.2% | ||
| Q2 25 | 26.3% | 2.3% | ||
| Q1 25 | 24.4% | 1.6% | ||
| Q4 24 | 20.7% | 1.6% | ||
| Q3 24 | 48.9% | 1.5% |
现金转化率FSLRRMD
| Q2 26 | — | — | ||
| Q1 26 | -0.62× | — | ||
| Q4 25 | 2.38× | 0.87× | ||
| Q3 25 | 2.79× | 1.31× | ||
| Q2 25 | 0.44× | 1.42× | ||
| Q1 25 | -2.90× | 1.59× | ||
| Q4 24 | 2.06× | 0.90× | ||
| Q3 24 | -0.17× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
