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艾玛迪斯（GDS）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
艾玛迪斯的季度营收约是Ultragenyx Pharmaceutical Inc.的2.0倍（$405.6M vs $207.3M），艾玛迪斯净利率更高（-0.1% vs -62.0%，领先61.9%），艾玛迪斯自由现金流更多（$-96.3M vs $-100.8M）
西班牙跨国科技企业艾玛迪斯是全球领先的旅游技术服务商，面向航空、酒店、旅行社等各类旅游相关企业提供定制化软件解决方案，业务覆盖全球市场，助力旅游行业客户优化运营效率、提升服务体验。
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。
GDS vs RARE — 直观对比
营收规模更大
GDS
是对方的2.0倍
$207.3M
净利率更高
GDS
高出61.9%
-62.0%
自由现金流更多
GDS
多$4.5M
$-100.8M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $405.6M | $207.3M |
| 净利润 | $-373.0K | $-128.6M |
| 毛利率 | 22.1% | — |
| 营业利润率 | — | -54.7% |
| 净利率 | -0.1% | -62.0% |
| 营收同比 | — | 25.9% |
| 净利润同比 | — | 3.5% |
| 每股收益（稀释后） | — | $-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
营收GDSRARE
| Q4 25 | — | $207.3M | ||
| Q3 25 | $405.6M | $159.9M | ||
| Q2 25 | $404.9M | $166.5M | ||
| Q1 25 | $375.3M | $139.3M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | $422.6M | $139.5M | ||
| Q2 24 | $388.9M | $147.0M | ||
| Q1 24 | $363.9M | $108.8M |
净利润GDSRARE
| Q4 25 | — | $-128.6M | ||
| Q3 25 | $-373.0K | $-180.4M | ||
| Q2 25 | $-240.0K | $-115.0M | ||
| Q1 25 | $-145.0K | $-151.1M | ||
| Q4 24 | — | $-133.2M | ||
| Q3 24 | $-32.9M | $-133.5M | ||
| Q2 24 | $-31.9M | $-131.6M | ||
| Q1 24 | $-47.8M | $-170.7M |
毛利率GDSRARE
| Q4 25 | — | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 23.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | 21.8% | — |
营业利润率GDSRARE
| Q4 25 | — | -54.7% | ||
| Q3 25 | — | -106.9% | ||
| Q2 25 | — | -64.8% | ||
| Q1 25 | — | -102.6% | ||
| Q4 24 | — | -74.3% | ||
| Q3 24 | 10.8% | -94.6% | ||
| Q2 24 | 11.2% | -79.1% | ||
| Q1 24 | 8.3% | -151.9% |
净利率GDSRARE
| Q4 25 | — | -62.0% | ||
| Q3 25 | -0.1% | -112.8% | ||
| Q2 25 | -0.1% | -69.0% | ||
| Q1 25 | -0.0% | -108.5% | ||
| Q4 24 | — | -80.9% | ||
| Q3 24 | -7.8% | -95.7% | ||
| Q2 24 | -8.2% | -89.5% | ||
| Q1 24 | -13.1% | -156.8% |
每股收益（稀释后）GDSRARE
| Q4 25 | — | $-1.28 | ||
| Q3 25 | — | $-1.81 | ||
| Q2 25 | — | $-1.17 | ||
| Q1 25 | — | $-1.57 | ||
| Q4 24 | — | $-1.34 | ||
| Q3 24 | — | $-1.40 | ||
| Q2 24 | — | $-1.52 | ||
| Q1 24 | — | $-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 | — | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $-80.0M |
| 总资产 | $11.0B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GDSRARE
| Q4 25 | — | $421.0M | ||
| Q3 25 | — | $202.5M | ||
| Q2 25 | — | $176.3M | ||
| Q1 25 | — | $127.1M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $150.6M | ||
| Q2 24 | — | $480.7M | ||
| Q1 24 | — | $112.3M |
股东权益GDSRARE
| Q4 25 | — | $-80.0M | ||
| Q3 25 | $3.6B | $9.2M | ||
| Q2 25 | $3.4B | $151.3M | ||
| Q1 25 | $3.2B | $144.2M | ||
| Q4 24 | — | $255.0M | ||
| Q3 24 | $2.7B | $346.8M | ||
| Q2 24 | $2.6B | $432.4M | ||
| Q1 24 | $2.6B | $140.3M |
总资产GDSRARE
| Q4 25 | — | $1.5B | ||
| Q3 25 | $11.0B | $1.2B | ||
| Q2 25 | $11.1B | $1.3B | ||
| Q1 25 | $10.1B | $1.3B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $11.7B | $1.5B | ||
| Q2 24 | $10.9B | $1.6B | ||
| Q1 24 | $10.5B | $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 | $103.5M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $-96.3M | $-100.8M |
| 自由现金流率自由现金流/营收 | -23.7% | -48.6% |
| 资本支出强度资本支出/营收 | 49.2% | 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 | — | $-472.0M |
8季度趋势，按日历期对齐
经营现金流GDSRARE
| Q4 25 | — | $-99.8M | ||
| Q3 25 | $103.5M | $-91.4M | ||
| Q2 25 | $120.8M | $-108.3M | ||
| Q1 25 | — | $-166.5M | ||
| Q4 24 | — | $-79.3M | ||
| Q3 24 | $91.4M | $-67.0M | ||
| Q2 24 | — | $-77.0M | ||
| Q1 24 | — | $-190.7M |
自由现金流GDSRARE
| Q4 25 | — | $-100.8M | ||
| Q3 25 | $-96.3M | $-92.7M | ||
| Q2 25 | $-55.8M | $-110.7M | ||
| Q1 25 | — | $-167.8M | ||
| Q4 24 | — | $-79.5M | ||
| Q3 24 | $-321.7M | $-68.6M | ||
| Q2 24 | — | $-79.0M | ||
| Q1 24 | — | $-193.9M |
自由现金流率GDSRARE
| Q4 25 | — | -48.6% | ||
| Q3 25 | -23.7% | -58.0% | ||
| Q2 25 | -13.8% | -66.5% | ||
| Q1 25 | — | -120.5% | ||
| Q4 24 | — | -48.3% | ||
| Q3 24 | -76.1% | -49.2% | ||
| Q2 24 | — | -53.7% | ||
| Q1 24 | — | -178.2% |
资本支出强度GDSRARE
| Q4 25 | — | 0.5% | ||
| Q3 25 | 49.2% | 0.8% | ||
| Q2 25 | 43.6% | 1.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 97.7% | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 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
GDS
| Service revenue | $405.5M | 100% |
| Equipment sales | $2.8M | 1% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
