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GERMAN AMERICAN BANCORP, INC.（GABC）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GERMAN AMERICAN BANCORP, INC.的1.8倍（$225.2M vs $126.7M），GERMAN AMERICAN BANCORP, INC.净利率更高（28.2% vs -375.6%，领先403.8%），GERMAN AMERICAN BANCORP, INC.同比增速更快（39.7% vs 17.6%），GERMAN AMERICAN BANCORP, INC.自由现金流更多（$154.0M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 22.7%）
German American Bancorp, Inc.（股票代码：GABC）是一家美国的银行控股企业，专注于提供多元金融服务，核心业务涵盖支付卡相关服务，总部位于纽约曼哈顿下城的巴特利公园城，在金融服务领域拥有成熟的业务布局。
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。
GABC vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.8倍
$126.7M
营收增速更快
GABC
高出22.1%
17.6%
净利率更高
GABC
高出403.8%
-375.6%
自由现金流更多
GABC
多$307.0M
$-153.0M
两年增速更快
PLUG
近两年复合增速
22.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.7M | $225.2M |
| 净利润 | $35.7M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 34.6% | -338.9% |
| 净利率 | 28.2% | -375.6% |
| 营收同比 | 39.7% | 17.6% |
| 净利润同比 | 53.7% | 36.7% |
| 每股收益（稀释后） | $0.98 | $-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GABCPLUG
| Q4 25 | $126.7M | $225.2M | ||
| Q3 25 | $126.5M | $177.1M | ||
| Q2 25 | $123.2M | $174.0M | ||
| Q1 25 | $111.1M | $133.7M | ||
| Q4 24 | $90.7M | $191.5M | ||
| Q3 24 | $88.5M | $173.7M | ||
| Q2 24 | $90.5M | $143.3M | ||
| Q1 24 | $84.1M | $120.3M |
净利润GABCPLUG
| Q4 25 | $35.7M | $-846.0M | ||
| Q3 25 | $35.1M | $-361.9M | ||
| Q2 25 | $31.4M | $-227.1M | ||
| Q1 25 | $10.5M | $-196.7M | ||
| Q4 24 | $23.2M | $-1.3B | ||
| Q3 24 | $21.0M | $-211.2M | ||
| Q2 24 | $20.5M | $-262.3M | ||
| Q1 24 | $19.0M | $-295.8M |
毛利率GABCPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率GABCPLUG
| Q4 25 | 34.6% | -338.9% | ||
| Q3 25 | 34.6% | -197.0% | ||
| Q2 25 | 31.8% | -101.7% | ||
| Q1 25 | 12.0% | -133.5% | ||
| Q4 24 | 31.6% | -678.7% | ||
| Q3 24 | 29.0% | -124.4% | ||
| Q2 24 | 29.4% | -170.7% | ||
| Q1 24 | 27.6% | -215.7% |
净利率GABCPLUG
| Q4 25 | 28.2% | -375.6% | ||
| Q3 25 | 27.7% | -204.4% | ||
| Q2 25 | 25.5% | -130.5% | ||
| Q1 25 | 9.5% | -147.1% | ||
| Q4 24 | 25.6% | -697.5% | ||
| Q3 24 | 23.8% | -121.5% | ||
| Q2 24 | 22.7% | -183.0% | ||
| Q1 24 | 22.6% | -245.9% |
每股收益（稀释后）GABCPLUG
| Q4 25 | $0.98 | $-0.70 | ||
| Q3 25 | $0.94 | $-0.31 | ||
| Q2 25 | $0.84 | $-0.20 | ||
| Q1 25 | $0.30 | $-0.21 | ||
| Q4 24 | $0.79 | $-1.61 | ||
| Q3 24 | $0.71 | $-0.25 | ||
| Q2 24 | $0.69 | $-0.36 | ||
| Q1 24 | $0.64 | $-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 | — | $368.5M |
| 总债务越低越好 | $100.0M | — |
| 股东权益账面价值 | $1.2B | $978.1M |
| 总资产 | $8.4B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资GABCPLUG
| Q4 25 | — | $368.5M | ||
| Q3 25 | — | $165.9M | ||
| Q2 25 | — | $140.7M | ||
| Q1 25 | — | $295.8M | ||
| Q4 24 | — | $205.7M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $62.4M | ||
| Q1 24 | — | $172.9M |
总债务GABCPLUG
| Q4 25 | $100.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $114.6M | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益GABCPLUG
| Q4 25 | $1.2B | $978.1M | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $715.1M | $1.7B | ||
| Q3 24 | $744.6M | $3.0B | ||
| Q2 24 | $687.8M | $3.0B | ||
| Q1 24 | $655.3M | $2.9B |
总资产GABCPLUG
| Q4 25 | $8.4B | $2.6B | ||
| Q3 25 | $8.4B | $3.1B | ||
| Q2 25 | $8.3B | $3.4B | ||
| Q1 25 | $8.4B | $3.6B | ||
| Q4 24 | $6.3B | $3.6B | ||
| Q3 24 | $6.3B | $4.7B | ||
| Q2 24 | $6.2B | $4.8B | ||
| Q1 24 | $6.1B | $4.8B |
负债/权益比GABCPLUG
| Q4 25 | 0.09× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $159.3M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $154.0M | $-153.0M |
| 自由现金流率自由现金流/营收 | 121.6% | -67.9% |
| 资本支出强度资本支出/营收 | 4.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 4.46× | — |
| 过去12个月自由现金流最近4个季度 | $267.0M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流GABCPLUG
| Q4 25 | $159.3M | $-148.6M | ||
| Q3 25 | $51.8M | $-89.8M | ||
| Q2 25 | $26.9M | $-191.8M | ||
| Q1 25 | $37.9M | $-105.6M | ||
| Q4 24 | $95.8M | $-131.2M | ||
| Q3 24 | $24.5M | $-174.9M | ||
| Q2 24 | $18.7M | $-254.7M | ||
| Q1 24 | $23.9M | $-167.7M |
自由现金流GABCPLUG
| Q4 25 | $154.0M | $-153.0M | ||
| Q3 25 | $50.1M | $-117.5M | ||
| Q2 25 | $26.2M | $-230.4M | ||
| Q1 25 | $36.7M | $-146.0M | ||
| Q4 24 | $90.7M | $-165.2M | ||
| Q3 24 | $23.0M | $-234.2M | ||
| Q2 24 | $17.0M | $-356.0M | ||
| Q1 24 | $22.6M | $-260.3M |
自由现金流率GABCPLUG
| Q4 25 | 121.6% | -67.9% | ||
| Q3 25 | 39.6% | -66.4% | ||
| Q2 25 | 21.2% | -132.5% | ||
| Q1 25 | 33.0% | -109.2% | ||
| Q4 24 | 100.1% | -86.3% | ||
| Q3 24 | 26.0% | -134.8% | ||
| Q2 24 | 18.8% | -248.4% | ||
| Q1 24 | 26.9% | -216.5% |
资本支出强度GABCPLUG
| Q4 25 | 4.2% | 1.9% | ||
| Q3 25 | 1.3% | 15.6% | ||
| Q2 25 | 0.6% | 22.2% | ||
| Q1 25 | 1.1% | 30.3% | ||
| Q4 24 | 5.6% | 17.7% | ||
| Q3 24 | 1.7% | 34.1% | ||
| Q2 24 | 1.8% | 70.7% | ||
| Q1 24 | 1.5% | 77.0% |
现金转化率GABCPLUG
| Q4 25 | 4.46× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 3.61× | — | ||
| Q4 24 | 4.13× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 1.25× | — |
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
GABC
暂无分部数据
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% |
