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Fastly, Inc.（FSLY）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Ultragenyx Pharmaceutical Inc.的季度营收约是Fastly, Inc.的1.2倍（$207.3M vs $172.6M），Fastly, Inc.净利率更高（-9.0% vs -62.0%，领先53.0%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 22.8%），Fastly, Inc.自由现金流更多（$12.2M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 13.7%）
Fastly是总部位于美国旧金山的云计算服务商，主营内容分发网络（CDN）、图片优化、负载均衡服务，同时提供DDoS攻击防护、机器人流量治理、Web应用防火墙等云安全解决方案，助力企业提升网络访问效率与安全防护能力。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
FSLY vs RARE — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.6M | $207.3M |
| 净利润 | $-15.5M | $-128.6M |
| 毛利率 | 61.4% | — |
| 营业利润率 | -8.7% | -54.7% |
| 净利率 | -9.0% | -62.0% |
| 营收同比 | 22.8% | 25.9% |
| 净利润同比 | 52.9% | 3.5% |
| 每股收益（稀释后） | $-0.10 | $-1.28 |
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
| Q4 25 | $172.6M | $207.3M | ||
| Q3 25 | $158.2M | $159.9M | ||
| Q2 25 | $148.7M | $166.5M | ||
| Q1 25 | $144.5M | $139.3M | ||
| Q4 24 | $140.6M | $164.6M | ||
| Q3 24 | $137.2M | $139.5M | ||
| Q2 24 | $132.4M | $147.0M | ||
| Q1 24 | $133.5M | $108.8M |
| Q4 25 | $-15.5M | $-128.6M | ||
| Q3 25 | $-29.5M | $-180.4M | ||
| Q2 25 | $-37.5M | $-115.0M | ||
| Q1 25 | $-39.1M | $-151.1M | ||
| Q4 24 | $-32.9M | $-133.2M | ||
| Q3 24 | $-38.0M | $-133.5M | ||
| Q2 24 | $-43.7M | $-131.6M | ||
| Q1 24 | $-43.4M | $-170.7M |
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | -8.7% | -54.7% | ||
| Q3 25 | -18.2% | -106.9% | ||
| Q2 25 | -24.8% | -64.8% | ||
| Q1 25 | -26.4% | -102.6% | ||
| Q4 24 | -24.4% | -74.3% | ||
| Q3 24 | -29.6% | -94.6% | ||
| Q2 24 | -35.3% | -79.1% | ||
| Q1 24 | -34.6% | -151.9% |
| Q4 25 | -9.0% | -62.0% | ||
| Q3 25 | -18.6% | -112.8% | ||
| Q2 25 | -25.2% | -69.0% | ||
| Q1 25 | -27.1% | -108.5% | ||
| Q4 24 | -23.4% | -80.9% | ||
| Q3 24 | -27.7% | -95.7% | ||
| Q2 24 | -33.0% | -89.5% | ||
| Q1 24 | -32.5% | -156.8% |
| Q4 25 | $-0.10 | $-1.28 | ||
| Q3 25 | $-0.20 | $-1.81 | ||
| Q2 25 | $-0.26 | $-1.17 | ||
| Q1 25 | $-0.27 | $-1.57 | ||
| Q4 24 | $-0.23 | $-1.34 | ||
| Q3 24 | $-0.27 | $-1.40 | ||
| Q2 24 | $-0.32 | $-1.52 | ||
| Q1 24 | $-0.32 | $-2.03 |
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 | $361.8M | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $929.6M | $-80.0M |
| 总资产 | $1.5B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $361.8M | $421.0M | ||
| Q3 25 | $342.9M | $202.5M | ||
| Q2 25 | $321.2M | $176.3M | ||
| Q1 25 | $307.3M | $127.1M | ||
| Q4 24 | $295.9M | $174.0M | ||
| Q3 24 | $308.2M | $150.6M | ||
| Q2 24 | $311.8M | $480.7M | ||
| Q1 24 | $329.5M | $112.3M |
| Q4 25 | $929.6M | $-80.0M | ||
| Q3 25 | $937.0M | $9.2M | ||
| Q2 25 | $942.6M | $151.3M | ||
| Q1 25 | $957.0M | $144.2M | ||
| Q4 24 | $965.3M | $255.0M | ||
| Q3 24 | $969.5M | $346.8M | ||
| Q2 24 | $981.2M | $432.4M | ||
| Q1 24 | $991.8M | $140.3M |
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.3B |
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 | $22.4M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $12.2M | $-100.8M |
| 自由现金流率自由现金流/营收 | 7.1% | -48.6% |
| 资本支出强度资本支出/营收 | 5.9% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $65.8M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $22.4M | $-99.8M | ||
| Q3 25 | $28.9M | $-91.4M | ||
| Q2 25 | $25.8M | $-108.3M | ||
| Q1 25 | $17.3M | $-166.5M | ||
| Q4 24 | $5.2M | $-79.3M | ||
| Q3 24 | $5.0M | $-67.0M | ||
| Q2 24 | $-4.9M | $-77.0M | ||
| Q1 24 | $11.1M | $-190.7M |
| Q4 25 | $12.2M | $-100.8M | ||
| Q3 25 | $22.9M | $-92.7M | ||
| Q2 25 | $15.9M | $-110.7M | ||
| Q1 25 | $14.7M | $-167.8M | ||
| Q4 24 | $251.0K | $-79.5M | ||
| Q3 24 | $3.0M | $-68.6M | ||
| Q2 24 | $-6.7M | $-79.0M | ||
| Q1 24 | $9.5M | $-193.9M |
| Q4 25 | 7.1% | -48.6% | ||
| Q3 25 | 14.5% | -58.0% | ||
| Q2 25 | 10.7% | -66.5% | ||
| Q1 25 | 10.2% | -120.5% | ||
| Q4 24 | 0.2% | -48.3% | ||
| Q3 24 | 2.2% | -49.2% | ||
| Q2 24 | -5.1% | -53.7% | ||
| Q1 24 | 7.1% | -178.2% |
| Q4 25 | 5.9% | 0.5% | ||
| Q3 25 | 3.8% | 0.8% | ||
| Q2 25 | 6.6% | 1.5% | ||
| Q1 25 | 1.8% | 1.0% | ||
| Q4 24 | 3.5% | 0.1% | ||
| Q3 24 | 1.5% | 1.2% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 1.2% | 3.0% |
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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
