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GLAUKOS Corp（GKOS）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
GLAUKOS Corp的季度营收约是微宏控股的1.6倍（$150.6M vs $96.4M），微宏控股净利率更高（17.2% vs 6.2%，领先10.9%），GLAUKOS Corp同比增速更快（41.2% vs -15.0%），过去两年GLAUKOS Corp的营收复合增速更高（25.4% vs 8.9%）
Glaukos Corp是一家专注于眼科领域的医疗科技企业，开发并商业化用于治疗青光眼、角膜疾病等眼部病症的微创手术器械、处方药物及消费级产品，主要市场覆盖北美、欧洲及亚太地区，为全球医院、眼科诊所及患者提供服务。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
GKOS vs MVST — 直观对比
营收规模更大
GKOS
是对方的1.6倍
$96.4M
营收增速更快
GKOS
高出56.1%
-15.0%
净利率更高
MVST
高出10.9%
6.2%
两年增速更快
GKOS
近两年复合增速
8.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $150.6M | $96.4M |
| 净利润 | $9.4M | $16.5M |
| 毛利率 | 77.9% | 1.0% |
| 营业利润率 | 9.0% | -42.7% |
| 净利率 | 6.2% | 17.2% |
| 营收同比 | 41.2% | -15.0% |
| 净利润同比 | — | 120.1% |
| 每股收益（稀释后） | — | $0.19 |
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GKOSMVST
| Q1 26 | $150.6M | — | ||
| Q4 25 | $143.1M | $96.4M | ||
| Q3 25 | $133.5M | $123.3M | ||
| Q2 25 | $124.1M | $91.3M | ||
| Q1 25 | $106.7M | $116.5M | ||
| Q4 24 | $105.5M | $113.4M | ||
| Q3 24 | $96.7M | $101.4M | ||
| Q2 24 | $95.7M | $83.7M |
净利润GKOSMVST
| Q1 26 | $9.4M | — | ||
| Q4 25 | $-133.7M | $16.5M | ||
| Q3 25 | $-16.2M | $-1.5M | ||
| Q2 25 | $-19.7M | $-106.1M | ||
| Q1 25 | $-18.1M | $61.8M | ||
| Q4 24 | $-33.6M | $-82.3M | ||
| Q3 24 | $-21.4M | $13.2M | ||
| Q2 24 | $-50.5M | $-101.6M |
毛利率GKOSMVST
| Q1 26 | 77.9% | — | ||
| Q4 25 | -1.1% | 1.0% | ||
| Q3 25 | 78.4% | 37.6% | ||
| Q2 25 | 78.3% | 34.7% | ||
| Q1 25 | 77.2% | 36.9% | ||
| Q4 24 | 72.9% | 36.6% | ||
| Q3 24 | 76.6% | 33.2% | ||
| Q2 24 | 76.4% | 32.5% |
营业利润率GKOSMVST
| Q1 26 | 9.0% | — | ||
| Q4 25 | -97.7% | -42.7% | ||
| Q3 25 | -12.3% | 10.5% | ||
| Q2 25 | -18.3% | 17.8% | ||
| Q1 25 | -19.4% | 16.3% | ||
| Q4 24 | -27.2% | -1.2% | ||
| Q3 24 | -25.5% | 7.1% | ||
| Q2 24 | -31.3% | -118.0% |
净利率GKOSMVST
| Q1 26 | 6.2% | — | ||
| Q4 25 | -93.4% | 17.2% | ||
| Q3 25 | -12.2% | -1.2% | ||
| Q2 25 | -15.8% | -116.1% | ||
| Q1 25 | -17.0% | 53.0% | ||
| Q4 24 | -31.8% | -72.6% | ||
| Q3 24 | -22.1% | 13.1% | ||
| Q2 24 | -52.8% | -121.4% |
每股收益（稀释后）GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | $-2.34 | $0.19 | ||
| Q3 25 | $-0.28 | $0.00 | ||
| Q2 25 | $-0.34 | $-0.33 | ||
| Q1 25 | $-0.32 | $0.05 | ||
| Q4 24 | $-0.56 | $-0.24 | ||
| Q3 24 | $-0.39 | $0.03 | ||
| Q2 24 | $-1.00 | $-0.32 |
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 | $276.7M | $105.0M |
| 总债务越低越好 | — | $13.2M |
| 股东权益账面价值 | $670.9M | $410.5M |
| 总资产 | $893.3M | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资GKOSMVST
| Q1 26 | $276.7M | — | ||
| Q4 25 | $90.8M | $105.0M | ||
| Q3 25 | $98.2M | $90.7M | ||
| Q2 25 | $100.8M | $99.7M | ||
| Q1 25 | $114.3M | $90.9M | ||
| Q4 24 | $169.6M | $73.0M | ||
| Q3 24 | $100.1M | $63.6M | ||
| Q2 24 | $68.1M | $68.2M |
总债务GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | — | $13.2M | ||
| Q3 25 | — | $34.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $41.1M | ||
| Q3 24 | — | $53.4M | ||
| Q2 24 | — | $34.2M |
股东权益GKOSMVST
| Q1 26 | $670.9M | — | ||
| Q4 25 | $656.2M | $410.5M | ||
| Q3 25 | $769.5M | $358.1M | ||
| Q2 25 | $765.1M | $356.1M | ||
| Q1 25 | $764.0M | $454.2M | ||
| Q4 24 | $766.9M | $387.9M | ||
| Q3 24 | $668.5M | $486.1M | ||
| Q2 24 | $665.2M | $455.0M |
总资产GKOSMVST
| Q1 26 | $893.3M | — | ||
| Q4 25 | $893.5M | $1.0B | ||
| Q3 25 | $999.4M | $1.0B | ||
| Q2 25 | $987.0M | $1.0B | ||
| Q1 25 | $966.2M | $982.9M | ||
| Q4 24 | $974.8M | $951.9M | ||
| Q3 24 | $926.5M | $997.9M | ||
| Q2 24 | $919.7M | $961.4M |
负债/权益比GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.08× |
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 | — | $16.4M |
| 自由现金流经营现金流 - 资本支出 | — | $15.8M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | 0.99× |
| 过去12个月自由现金流最近4个季度 | — | $56.1M |
8季度趋势，按日历期对齐
经营现金流GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | $6.8M | $16.4M | ||
| Q3 25 | $-10.1M | $15.2M | ||
| Q2 25 | $7.0M | $37.2M | ||
| Q1 25 | $-18.5M | $7.2M | ||
| Q4 24 | $507.0K | $6.1M | ||
| Q3 24 | $-9.6M | $-5.4M | ||
| Q2 24 | $-18.4M | $111.0K |
自由现金流GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | $3.9M | $15.8M | ||
| Q3 25 | $-11.7M | $1.2M | ||
| Q2 25 | $5.8M | $34.3M | ||
| Q1 25 | $-20.5M | $4.8M | ||
| Q4 24 | $-1.2M | $5.7M | ||
| Q3 24 | $-11.0M | $-19.6M | ||
| Q2 24 | $-20.5M | $-2.8M |
自由现金流率GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 16.4% | ||
| Q3 25 | -8.8% | 1.0% | ||
| Q2 25 | 4.7% | 37.5% | ||
| Q1 25 | -19.2% | 4.1% | ||
| Q4 24 | -1.2% | 5.1% | ||
| Q3 24 | -11.4% | -19.3% | ||
| Q2 24 | -21.4% | -3.4% |
资本支出强度GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.2% | 11.3% | ||
| Q2 25 | 0.9% | 3.1% | ||
| Q1 25 | 1.8% | 2.0% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 1.5% | 14.0% | ||
| Q2 24 | 2.2% | 3.5% |
现金转化率GKOSMVST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.41× | ||
| Q2 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
GKOS
暂无分部数据
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
