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FOSTER L B CO（FSTR）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是FOSTER L B CO的1.4倍（$225.2M vs $160.4M），FOSTER L B CO净利率更高（1.5% vs -375.6%，领先377.1%），FOSTER L B CO同比增速更快（25.1% vs 17.6%），FOSTER L B CO自由现金流更多（$19.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 13.6%）
Foster L B Co.是一家总部位于美国的专业工业制造企业，主要生产销售工程通道产品、建筑组件及铁路基础设施用品，服务覆盖北美及部分全球地区的商业建筑、交通和工业领域客户。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
FSTR vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.4倍
$160.4M
营收增速更快
FSTR
高出7.5%
17.6%
净利率更高
FSTR
高出377.1%
-375.6%
自由现金流更多
FSTR
多$172.8M
$-153.0M
两年增速更快
PLUG
近两年复合增速
13.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $160.4M | $225.2M |
| 净利润 | $2.4M | $-846.0M |
| 毛利率 | 19.7% | 2.4% |
| 营业利润率 | 4.9% | -338.9% |
| 净利率 | 1.5% | -375.6% |
| 营收同比 | 25.1% | 17.6% |
| 净利润同比 | 1098.3% | 36.7% |
| 每股收益（稀释后） | $0.22 | $-0.70 |
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FSTRPLUG
| Q4 25 | $160.4M | $225.2M | ||
| Q3 25 | $138.3M | $177.1M | ||
| Q2 25 | $143.6M | $174.0M | ||
| Q1 25 | $97.8M | $133.7M | ||
| Q4 24 | $128.2M | $191.5M | ||
| Q3 24 | $137.5M | $173.7M | ||
| Q2 24 | $140.8M | $143.3M | ||
| Q1 24 | $124.3M | $120.3M |
净利润FSTRPLUG
| Q4 25 | $2.4M | $-846.0M | ||
| Q3 25 | $4.4M | $-361.9M | ||
| Q2 25 | $2.9M | $-227.1M | ||
| Q1 25 | $-2.1M | $-196.7M | ||
| Q4 24 | $-242.0K | $-1.3B | ||
| Q3 24 | $35.9M | $-211.2M | ||
| Q2 24 | $2.8M | $-262.3M | ||
| Q1 24 | $4.4M | $-295.8M |
毛利率FSTRPLUG
| Q4 25 | 19.7% | 2.4% | ||
| Q3 25 | 22.5% | -67.9% | ||
| Q2 25 | 21.5% | -30.7% | ||
| Q1 25 | 20.6% | -55.3% | ||
| Q4 24 | 22.3% | -122.5% | ||
| Q3 24 | 23.8% | -57.6% | ||
| Q2 24 | 21.7% | -91.6% | ||
| Q1 24 | 21.1% | -132.3% |
营业利润率FSTRPLUG
| Q4 25 | 4.9% | -338.9% | ||
| Q3 25 | 6.0% | -197.0% | ||
| Q2 25 | 5.3% | -101.7% | ||
| Q1 25 | -2.0% | -133.5% | ||
| Q4 24 | 2.4% | -678.7% | ||
| Q3 24 | 5.3% | -124.4% | ||
| Q2 24 | 3.2% | -170.7% | ||
| Q1 24 | 4.5% | -215.7% |
净利率FSTRPLUG
| Q4 25 | 1.5% | -375.6% | ||
| Q3 25 | 3.1% | -204.4% | ||
| Q2 25 | 2.0% | -130.5% | ||
| Q1 25 | -2.2% | -147.1% | ||
| Q4 24 | -0.2% | -697.5% | ||
| Q3 24 | 26.1% | -121.5% | ||
| Q2 24 | 2.0% | -183.0% | ||
| Q1 24 | 3.6% | -245.9% |
每股收益（稀释后）FSTRPLUG
| Q4 25 | $0.22 | $-0.70 | ||
| Q3 25 | $0.40 | $-0.31 | ||
| Q2 25 | $0.27 | $-0.20 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $-0.04 | $-1.61 | ||
| Q3 24 | $3.27 | $-0.25 | ||
| Q2 24 | $0.26 | $-0.36 | ||
| Q1 24 | $0.40 | $-0.46 |
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 | $4.3M | $368.5M |
| 总债务越低越好 | $42.6M | — |
| 股东权益账面价值 | $175.3M | $978.1M |
| 总资产 | $330.4M | $2.6B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资FSTRPLUG
| Q4 25 | $4.3M | $368.5M | ||
| Q3 25 | $3.4M | $165.9M | ||
| Q2 25 | $4.2M | $140.7M | ||
| Q1 25 | $2.6M | $295.8M | ||
| Q4 24 | $2.5M | $205.7M | ||
| Q3 24 | $3.1M | $93.9M | ||
| Q2 24 | $4.0M | $62.4M | ||
| Q1 24 | $3.1M | $172.9M |
总债务FSTRPLUG
| Q4 25 | $42.6M | — | ||
| Q3 25 | $58.6M | — | ||
| Q2 25 | $81.4M | — | ||
| Q1 25 | $82.3M | — | ||
| Q4 24 | $46.8M | — | ||
| Q3 24 | $68.4M | $3.9M | ||
| Q2 24 | $87.0M | $3.7M | ||
| Q1 24 | $77.9M | $3.8M |
股东权益FSTRPLUG
| Q4 25 | $175.3M | $978.1M | ||
| Q3 25 | $174.8M | $1.4B | ||
| Q2 25 | $174.4M | $1.7B | ||
| Q1 25 | $170.8M | $1.9B | ||
| Q4 24 | $178.3M | $1.7B | ||
| Q3 24 | $181.9M | $3.0B | ||
| Q2 24 | $147.1M | $3.0B | ||
| Q1 24 | $144.6M | $2.9B |
总资产FSTRPLUG
| Q4 25 | $330.4M | $2.6B | ||
| Q3 25 | $333.9M | $3.1B | ||
| Q2 25 | $349.9M | $3.4B | ||
| Q1 25 | $342.8M | $3.6B | ||
| Q4 24 | $334.6M | $3.6B | ||
| Q3 24 | $344.5M | $4.7B | ||
| Q2 24 | $333.3M | $4.8B | ||
| Q1 24 | $326.4M | $4.8B |
负债/权益比FSTRPLUG
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.38× | 0.00× | ||
| Q2 24 | 0.59× | 0.00× | ||
| Q1 24 | 0.54× | 0.00× |
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 | $22.2M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $19.8M | $-153.0M |
| 自由现金流率自由现金流/营收 | 12.3% | -67.9% |
| 资本支出强度资本支出/营收 | 1.5% | 1.9% |
| 现金转化率经营现金流/净利润 | 9.18× | — |
| 过去12个月自由现金流最近4个季度 | $25.2M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流FSTRPLUG
| Q4 25 | $22.2M | $-148.6M | ||
| Q3 25 | $29.2M | $-89.8M | ||
| Q2 25 | $10.4M | $-191.8M | ||
| Q1 25 | $-26.1M | $-105.6M | ||
| Q4 24 | $24.3M | $-131.2M | ||
| Q3 24 | $24.7M | $-174.9M | ||
| Q2 24 | $-5.0M | $-254.7M | ||
| Q1 24 | $-21.4M | $-167.7M |
自由现金流FSTRPLUG
| Q4 25 | $19.8M | $-153.0M | ||
| Q3 25 | $26.4M | $-117.5M | ||
| Q2 25 | $7.7M | $-230.4M | ||
| Q1 25 | $-28.7M | $-146.0M | ||
| Q4 24 | $22.3M | $-165.2M | ||
| Q3 24 | $21.7M | $-234.2M | ||
| Q2 24 | $-7.0M | $-356.0M | ||
| Q1 24 | $-24.2M | $-260.3M |
自由现金流率FSTRPLUG
| Q4 25 | 12.3% | -67.9% | ||
| Q3 25 | 19.1% | -66.4% | ||
| Q2 25 | 5.4% | -132.5% | ||
| Q1 25 | -29.4% | -109.2% | ||
| Q4 24 | 17.4% | -86.3% | ||
| Q3 24 | 15.8% | -134.8% | ||
| Q2 24 | -5.0% | -248.4% | ||
| Q1 24 | -19.4% | -216.5% |
资本支出强度FSTRPLUG
| Q4 25 | 1.5% | 1.9% | ||
| Q3 25 | 2.0% | 15.6% | ||
| Q2 25 | 1.9% | 22.2% | ||
| Q1 25 | 2.6% | 30.3% | ||
| Q4 24 | 1.5% | 17.7% | ||
| Q3 24 | 2.2% | 34.1% | ||
| Q2 24 | 1.5% | 70.7% | ||
| Q1 24 | 2.2% | 77.0% |
现金转化率FSTRPLUG
| Q4 25 | 9.18× | — | ||
| Q3 25 | 6.70× | — | ||
| Q2 25 | 3.61× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | -1.74× | — | ||
| Q1 24 | -4.83× | — |
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
FSTR
| Rail Technologies And Services Segment | $98.0M | 61% |
| Over Time Output Method | $26.3M | 16% |
| Services | $19.4M | 12% |
| Rail Technologies Products | $10.0M | 6% |
| Over Time Input Method | $8.3M | 5% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
