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第一太阳能（FSLR）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是第一太阳能的1.1倍（$1.9B vs $1.7B），第一太阳能净利率更高（31.0% vs 8.4%，领先22.5%），第一太阳能同比增速更快（11.1% vs 3.5%），第一太阳能自由现金流更多（$1.1B vs $296.4M），过去两年第一太阳能的营收复合增速更高（45.6% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
FSLR vs RPM — 直观对比
营收规模更大
RPM
是对方的1.1倍
$1.7B
营收增速更快
FSLR
高出7.6%
3.5%
净利率更高
FSLR
高出22.5%
8.4%
自由现金流更多
FSLR
多$773.8M
$296.4M
两年增速更快
FSLR
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $520.9M | $161.2M |
| 毛利率 | 39.5% | 40.8% |
| 营业利润率 | 32.6% | 11.0% |
| 净利率 | 31.0% | 8.4% |
| 营收同比 | 11.1% | 3.5% |
| 净利润同比 | 32.5% | -12.0% |
| 每股收益（稀释后） | $4.84 | $1.26 |
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FSLRRPM
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $844.6M | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $887.7M | $2.0B | ||
| Q2 24 | $1.0B | $2.0B | ||
| Q1 24 | $794.1M | $1.5B |
净利润FSLRRPM
| Q4 25 | $520.9M | $161.2M | ||
| Q3 25 | $455.9M | $227.6M | ||
| Q2 25 | $341.9M | $225.8M | ||
| Q1 25 | $209.5M | $52.0M | ||
| Q4 24 | $393.1M | $183.2M | ||
| Q3 24 | $313.0M | $227.7M | ||
| Q2 24 | $349.4M | $180.6M | ||
| Q1 24 | $236.6M | $61.2M |
毛利率FSLRRPM
| Q4 25 | 39.5% | 40.8% | ||
| Q3 25 | 38.3% | 42.3% | ||
| Q2 25 | 45.6% | 42.4% | ||
| Q1 25 | 40.8% | 38.4% | ||
| Q4 24 | 37.5% | 41.4% | ||
| Q3 24 | 50.2% | 42.5% | ||
| Q2 24 | 49.4% | 41.4% | ||
| Q1 24 | 43.6% | 39.9% |
营业利润率FSLRRPM
| Q4 25 | 32.6% | 11.0% | ||
| Q3 25 | 29.2% | 14.1% | ||
| Q2 25 | 33.0% | 11.9% | ||
| Q1 25 | 26.2% | 2.8% | ||
| Q4 24 | 30.2% | 11.5% | ||
| Q3 24 | 36.3% | 14.8% | ||
| Q2 24 | 36.9% | 11.9% | ||
| Q1 24 | 30.6% | 5.5% |
净利率FSLRRPM
| Q4 25 | 31.0% | 8.4% | ||
| Q3 25 | 28.6% | 10.8% | ||
| Q2 25 | 31.2% | 10.8% | ||
| Q1 25 | 24.8% | 3.5% | ||
| Q4 24 | 26.0% | 9.9% | ||
| Q3 24 | 35.3% | 11.6% | ||
| Q2 24 | 34.6% | 9.0% | ||
| Q1 24 | 29.8% | 4.0% |
每股收益（稀释后）FSLRRPM
| Q4 25 | $4.84 | $1.26 | ||
| Q3 25 | $4.24 | $1.77 | ||
| Q2 25 | $3.18 | $1.76 | ||
| Q1 25 | $1.95 | $0.40 | ||
| Q4 24 | $3.66 | $1.42 | ||
| Q3 24 | $2.91 | $1.77 | ||
| Q2 24 | $3.25 | $1.40 | ||
| Q1 24 | $2.20 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $9.5B | $3.1B |
| 总资产 | $13.3B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资FSLRRPM
| Q4 25 | $2.8B | $316.6M | ||
| Q3 25 | $2.0B | $297.1M | ||
| Q2 25 | $1.1B | $302.1M | ||
| Q1 25 | $837.6M | $241.9M | ||
| Q4 24 | $1.6B | $268.7M | ||
| Q3 24 | $1.0B | $231.6M | ||
| Q2 24 | $1.7B | $237.4M | ||
| Q1 24 | $1.7B | $248.9M |
总债务FSLRRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益FSLRRPM
| Q4 25 | $9.5B | $3.1B | ||
| Q3 25 | $9.0B | $3.1B | ||
| Q2 25 | $8.5B | $2.9B | ||
| Q1 25 | $8.2B | $2.7B | ||
| Q4 24 | $8.0B | $2.7B | ||
| Q3 24 | $7.6B | $2.6B | ||
| Q2 24 | $7.3B | $2.5B | ||
| Q1 24 | $6.9B | $2.3B |
总资产FSLRRPM
| Q4 25 | $13.3B | $7.9B | ||
| Q3 25 | $13.5B | $7.9B | ||
| Q2 25 | $12.9B | $7.8B | ||
| Q1 25 | $12.1B | $6.6B | ||
| Q4 24 | $12.1B | $6.7B | ||
| Q3 24 | $11.4B | $6.6B | ||
| Q2 24 | $11.0B | $6.6B | ||
| Q1 24 | $10.8B | $6.4B |
负债/权益比FSLRRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $296.4M |
| 自由现金流率自由现金流/营收 | 63.6% | 15.5% |
| 资本支出强度资本支出/营收 | 10.2% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.38× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $582.9M |
8季度趋势，按日历期对齐
经营现金流FSLRRPM
| Q4 25 | $1.2B | $345.7M | ||
| Q3 25 | $1.3B | $237.5M | ||
| Q2 25 | $149.6M | $149.2M | ||
| Q1 25 | $-608.0M | $91.5M | ||
| Q4 24 | $811.0M | $279.4M | ||
| Q3 24 | $-53.7M | $248.1M | ||
| Q2 24 | $193.0M | $181.2M | ||
| Q1 24 | $267.7M | $173.4M |
自由现金流FSLRRPM
| Q4 25 | $1.1B | $296.4M | ||
| Q3 25 | $1.1B | $175.0M | ||
| Q2 25 | $-138.6M | $78.2M | ||
| Q1 25 | $-813.9M | $33.3M | ||
| Q4 24 | $497.5M | $229.5M | ||
| Q3 24 | $-487.7M | $197.3M | ||
| Q2 24 | $-172.1M | $105.3M | ||
| Q1 24 | $-145.7M | $124.6M |
自由现金流率FSLRRPM
| Q4 25 | 63.6% | 15.5% | ||
| Q3 25 | 67.1% | 8.3% | ||
| Q2 25 | -12.6% | 3.8% | ||
| Q1 25 | -96.4% | 2.3% | ||
| Q4 24 | 32.9% | 12.4% | ||
| Q3 24 | -54.9% | 10.0% | ||
| Q2 24 | -17.0% | 5.2% | ||
| Q1 24 | -18.4% | 8.2% |
资本支出强度FSLRRPM
| Q4 25 | 10.2% | 2.6% | ||
| Q3 25 | 12.8% | 3.0% | ||
| Q2 25 | 26.3% | 3.4% | ||
| Q1 25 | 24.4% | 3.9% | ||
| Q4 24 | 20.7% | 2.7% | ||
| Q3 24 | 48.9% | 2.6% | ||
| Q2 24 | 36.1% | 3.8% | ||
| Q1 24 | 52.1% | 3.2% |
现金转化率FSLRRPM
| Q4 25 | 2.38× | 2.14× | ||
| Q3 25 | 2.79× | 1.04× | ||
| Q2 25 | 0.44× | 0.66× | ||
| Q1 25 | -2.90× | 1.76× | ||
| Q4 24 | 2.06× | 1.53× | ||
| Q3 24 | -0.17× | 1.09× | ||
| Q2 24 | 0.55× | 1.00× | ||
| Q1 24 | 1.13× | 2.83× |
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
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
