vs
FTC Solar, Inc.（FTCI）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是FTC Solar, Inc.的1.7倍（$57.1M vs $32.9M），REGIS CORP净利率更高（0.8% vs -110.7%，领先111.5%），FTC Solar, Inc.同比增速更快（148.9% vs 22.3%），REGIS CORP自由现金流更多（$891.0K vs $-8.4M），过去两年FTC Solar, Inc.的营收复合增速更高（61.6% vs 7.8%）
FTC Solar是全球领先的太阳能跟踪系统供应商，主要研发、生产和销售太阳能跟踪支架、配套组件及相关软件解决方案，服务于公用事业级、工商业光伏项目领域，业务覆盖全球主要市场，助力客户提升光伏发电效率、降低项目成本。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
FTCI vs RGS — 直观对比
营收规模更大
RGS
是对方的1.7倍
$32.9M
营收增速更快
FTCI
高出126.7%
22.3%
净利率更高
RGS
高出111.5%
-110.7%
自由现金流更多
RGS
多$9.3M
$-8.4M
两年增速更快
FTCI
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $32.9M | $57.1M |
| 净利润 | $-36.4M | $456.0K |
| 毛利率 | 14.9% | — |
| 营业利润率 | -17.2% | 10.8% |
| 净利率 | -110.7% | 0.8% |
| 营收同比 | 148.9% | 22.3% |
| 净利润同比 | -197.4% | -94.0% |
| 每股收益（稀释后） | $-2.31 | $0.16 |
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FTCIRGS
| Q4 25 | $32.9M | $57.1M | ||
| Q3 25 | $26.0M | $59.0M | ||
| Q2 25 | $20.0M | $60.4M | ||
| Q1 25 | $20.8M | $57.0M | ||
| Q4 24 | $13.2M | $46.7M | ||
| Q3 24 | $10.1M | $46.1M | ||
| Q2 24 | $11.4M | $49.4M | ||
| Q1 24 | $12.6M | $49.2M |
净利润FTCIRGS
| Q4 25 | $-36.4M | $456.0K | ||
| Q3 25 | $-23.9M | $1.4M | ||
| Q2 25 | $-15.4M | $116.5M | ||
| Q1 25 | $-3.8M | $250.0K | ||
| Q4 24 | $-12.2M | $7.6M | ||
| Q3 24 | $-15.4M | $-853.0K | ||
| Q2 24 | $-12.2M | $91.2M | ||
| Q1 24 | $-8.8M | $-2.3M |
毛利率FTCIRGS
| Q4 25 | 14.9% | — | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | -19.6% | — | ||
| Q1 25 | -16.6% | — | ||
| Q4 24 | -29.1% | — | ||
| Q3 24 | -42.5% | — | ||
| Q2 24 | -20.5% | — | ||
| Q1 24 | -16.7% | — |
营业利润率FTCIRGS
| Q4 25 | -17.2% | 10.8% | ||
| Q3 25 | -29.6% | 10.0% | ||
| Q2 25 | -57.5% | 12.1% | ||
| Q1 25 | -50.8% | 8.8% | ||
| Q4 24 | -101.7% | 11.8% | ||
| Q3 24 | -147.8% | 4.6% | ||
| Q2 24 | -104.3% | — | ||
| Q1 24 | -99.3% | 8.3% |
净利率FTCIRGS
| Q4 25 | -110.7% | 0.8% | ||
| Q3 25 | -92.0% | 2.3% | ||
| Q2 25 | -77.2% | 192.9% | ||
| Q1 25 | -18.4% | 0.4% | ||
| Q4 24 | -92.7% | 16.4% | ||
| Q3 24 | -151.5% | -1.9% | ||
| Q2 24 | -107.1% | 184.7% | ||
| Q1 24 | -69.7% | -4.7% |
每股收益（稀释后）FTCIRGS
| Q4 25 | $-2.31 | $0.16 | ||
| Q3 25 | $-1.61 | $0.49 | ||
| Q2 25 | $-1.18 | $43.67 | ||
| Q1 25 | $-0.58 | $0.08 | ||
| Q4 24 | $-0.95 | $2.71 | ||
| Q3 24 | $-1.21 | $-0.36 | ||
| Q2 24 | $-0.97 | $38.40 | ||
| Q1 24 | $-0.70 | $-1.00 |
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 | $21.1M | $18.4M |
| 总债务越低越好 | $9.9M | $113.3M |
| 股东权益账面价值 | $-43.0M | $188.7M |
| 总资产 | $111.8M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资FTCIRGS
| Q4 25 | $21.1M | $18.4M | ||
| Q3 25 | $24.4M | $16.6M | ||
| Q2 25 | $3.5M | $17.0M | ||
| Q1 25 | $5.9M | $13.3M | ||
| Q4 24 | $11.2M | $10.2M | ||
| Q3 24 | $8.3M | $6.3M | ||
| Q2 24 | $10.8M | $10.1M | ||
| Q1 24 | $14.0M | $5.9M |
总债务FTCIRGS
| Q4 25 | $9.9M | $113.3M | ||
| Q3 25 | $16.6M | $111.3M | ||
| Q2 25 | $10.9M | $110.8M | ||
| Q1 25 | $10.2M | $112.0M | ||
| Q4 24 | $9.5M | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益FTCIRGS
| Q4 25 | $-43.0M | $188.7M | ||
| Q3 25 | $-13.7M | $187.6M | ||
| Q2 25 | $9.0M | $185.6M | ||
| Q1 25 | $15.5M | $68.6M | ||
| Q4 24 | $19.0M | $66.7M | ||
| Q3 24 | $30.4M | $56.4M | ||
| Q2 24 | $44.2M | $56.8M | ||
| Q1 24 | $55.2M | $-35.8M |
总资产FTCIRGS
| Q4 25 | $111.8M | $588.3M | ||
| Q3 25 | $111.5M | $592.1M | ||
| Q2 25 | $83.0M | $599.0M | ||
| Q1 25 | $84.1M | $511.2M | ||
| Q4 24 | $89.9M | $530.1M | ||
| Q3 24 | $91.7M | $508.9M | ||
| Q2 24 | $100.3M | $530.5M | ||
| Q1 24 | $115.0M | $543.7M |
负债/权益比FTCIRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | 1.20× | 0.60× | ||
| Q1 25 | 0.65× | 1.63× | ||
| Q4 24 | 0.50× | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $-8.0M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.4M | $891.0K |
| 自由现金流率自由现金流/营收 | -25.7% | 1.6% |
| 资本支出强度资本支出/营收 | 1.3% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-34.6M | $14.9M |
8季度趋势，按日历期对齐
经营现金流FTCIRGS
| Q4 25 | $-8.0M | $1.7M | ||
| Q3 25 | $-14.6M | $2.3M | ||
| Q2 25 | $-2.3M | $6.8M | ||
| Q1 25 | $-8.5M | $6.2M | ||
| Q4 24 | $-16.7M | $2.1M | ||
| Q3 24 | $-2.4M | $-1.3M | ||
| Q2 24 | $-3.8M | $5.1M | ||
| Q1 24 | $-11.9M | $-277.0K |
自由现金流FTCIRGS
| Q4 25 | $-8.4M | $891.0K | ||
| Q3 25 | $-15.1M | $1.9M | ||
| Q2 25 | $-2.5M | $6.2M | ||
| Q1 25 | $-8.6M | $5.9M | ||
| Q4 24 | $-17.0M | $1.7M | ||
| Q3 24 | $-2.6M | $-1.4M | ||
| Q2 24 | $-4.5M | $5.1M | ||
| Q1 24 | $-12.3M | $-326.0K |
自由现金流率FTCIRGS
| Q4 25 | -25.7% | 1.6% | ||
| Q3 25 | -57.9% | 3.2% | ||
| Q2 25 | -12.4% | 10.3% | ||
| Q1 25 | -41.2% | 10.3% | ||
| Q4 24 | -128.6% | 3.6% | ||
| Q3 24 | -25.6% | -3.0% | ||
| Q2 24 | -39.2% | 10.3% | ||
| Q1 24 | -97.6% | -0.7% |
资本支出强度FTCIRGS
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 2.2% | 0.9% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 6.1% | 0.0% | ||
| Q1 24 | 3.4% | 0.1% |
现金转化率FTCIRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | — |
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
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
