vs
null（GPRO）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是null的1.9倍（$382.8M vs $201.7M），Gentherm Inc同比增速更快（8.5% vs 0.4%），null自由现金流更多（$15.0M vs $6.7M），过去两年null的营收复合增速更高（13.9% vs 3.7%）
GoPro, Inc.是2002年由尼克·伍德曼创立的美国科技企业，最初注册名为伍德曼实验室，总部坐落于加利福尼亚州圣马特奥。该公司主营运动相机生产制造，同时还自主开发配套移动端应用与视频编辑软件。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
GPRO vs THRM — 直观对比
营收规模更大
THRM
是对方的1.9倍
$201.7M
营收增速更快
THRM
高出8.1%
0.4%
自由现金流更多
GPRO
多$8.3M
$6.7M
两年增速更快
GPRO
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.7M | $382.8M |
| 净利润 | — | $3.0M |
| 毛利率 | 31.8% | 23.7% |
| 营业利润率 | -4.1% | 4.6% |
| 净利率 | — | 0.8% |
| 营收同比 | 0.4% | 8.5% |
| 净利润同比 | — | -80.5% |
| 每股收益（稀释后） | $-0.06 | $0.08 |
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GPROTHRM
| Q4 25 | $201.7M | $382.8M | ||
| Q3 25 | $162.9M | $386.9M | ||
| Q2 25 | $152.6M | $375.1M | ||
| Q1 25 | $134.3M | $353.9M | ||
| Q4 24 | $200.9M | $352.9M | ||
| Q3 24 | $258.9M | $371.5M | ||
| Q2 24 | $186.2M | $375.7M | ||
| Q1 24 | $155.5M | $356.0M |
净利润GPROTHRM
| Q4 25 | — | $3.0M | ||
| Q3 25 | $-21.3M | $14.9M | ||
| Q2 25 | $-16.4M | $477.0K | ||
| Q1 25 | $-46.7M | $-128.0K | ||
| Q4 24 | — | $15.3M | ||
| Q3 24 | $-8.2M | $16.0M | ||
| Q2 24 | $-47.8M | $18.9M | ||
| Q1 24 | $-339.1M | $14.8M |
毛利率GPROTHRM
| Q4 25 | 31.8% | 23.7% | ||
| Q3 25 | 35.1% | 24.6% | ||
| Q2 25 | 35.8% | 23.9% | ||
| Q1 25 | 32.1% | 24.4% | ||
| Q4 24 | 34.7% | 24.4% | ||
| Q3 24 | 35.5% | 25.5% | ||
| Q2 24 | 30.5% | 25.7% | ||
| Q1 24 | 34.1% | 24.9% |
营业利润率GPROTHRM
| Q4 25 | -4.1% | 4.6% | ||
| Q3 25 | -9.8% | 6.2% | ||
| Q2 25 | -9.2% | 6.4% | ||
| Q1 25 | -33.7% | 4.8% | ||
| Q4 24 | -19.5% | 6.7% | ||
| Q3 24 | -3.1% | 8.7% | ||
| Q2 24 | -25.0% | 8.8% | ||
| Q1 24 | -26.6% | 5.1% |
净利率GPROTHRM
| Q4 25 | — | 0.8% | ||
| Q3 25 | -13.0% | 3.9% | ||
| Q2 25 | -10.8% | 0.1% | ||
| Q1 25 | -34.8% | -0.0% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | -3.2% | 4.3% | ||
| Q2 24 | -25.7% | 5.0% | ||
| Q1 24 | -218.1% | 4.2% |
每股收益（稀释后）GPROTHRM
| Q4 25 | $-0.06 | $0.08 | ||
| Q3 25 | $-0.13 | $0.49 | ||
| Q2 25 | $-0.10 | $0.02 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $-0.22 | $0.48 | ||
| Q3 24 | $-0.05 | $0.51 | ||
| Q2 24 | $-0.31 | $0.60 | ||
| Q1 24 | $-2.24 | $0.47 |
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 | $49.7M | $160.8M |
| 总债务越低越好 | $44.3M | $189.0M |
| 股东权益账面价值 | $76.5M | $720.3M |
| 总资产 | $428.0M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.58× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资GPROTHRM
| Q4 25 | $49.7M | $160.8M | ||
| Q3 25 | $152.8M | $154.3M | ||
| Q2 25 | $58.6M | $128.3M | ||
| Q1 25 | $69.6M | $163.1M | ||
| Q4 24 | $102.8M | $134.1M | ||
| Q3 24 | $130.2M | $150.6M | ||
| Q2 24 | $133.0M | $123.5M | ||
| Q1 24 | $133.7M | $125.1M |
总债务GPROTHRM
| Q4 25 | $44.3M | $189.0M | ||
| Q3 25 | $43.9M | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | $0 | $220.1M | ||
| Q3 24 | $93.1M | $222.1M | ||
| Q2 24 | $92.9M | $222.1M | ||
| Q1 24 | $92.7M | $222.2M |
股东权益GPROTHRM
| Q4 25 | $76.5M | $720.3M | ||
| Q3 25 | $80.5M | $717.9M | ||
| Q2 25 | $97.9M | $699.7M | ||
| Q1 25 | $110.0M | $646.5M | ||
| Q4 24 | $151.7M | $616.9M | ||
| Q3 24 | $183.9M | $660.7M | ||
| Q2 24 | $184.7M | $640.3M | ||
| Q1 24 | $224.9M | $647.1M |
总资产GPROTHRM
| Q4 25 | $428.0M | $1.4B | ||
| Q3 25 | $538.6M | $1.4B | ||
| Q2 25 | $439.0M | $1.4B | ||
| Q1 25 | $462.5M | $1.3B | ||
| Q4 24 | $543.7M | $1.2B | ||
| Q3 24 | $661.6M | $1.3B | ||
| Q2 24 | $556.8M | $1.2B | ||
| Q1 24 | $575.8M | $1.3B |
负债/权益比GPROTHRM
| Q4 25 | 0.58× | 0.26× | ||
| Q3 25 | 0.55× | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 0.00× | 0.36× | ||
| Q3 24 | 0.51× | 0.34× | ||
| Q2 24 | 0.50× | 0.35× | ||
| Q1 24 | 0.41× | 0.34× |
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 | $15.6M | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $15.0M | $6.7M |
| 自由现金流率自由现金流/营收 | 7.4% | 1.7% |
| 资本支出强度资本支出/营收 | 0.3% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $-24.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流GPROTHRM
| Q4 25 | $15.6M | $29.0M | ||
| Q3 25 | $12.2M | $56.1M | ||
| Q2 25 | $8.8M | $45.0M | ||
| Q1 25 | $-57.2M | $-13.3M | ||
| Q4 24 | $-25.1M | $36.6M | ||
| Q3 24 | $-2.2M | $46.3M | ||
| Q2 24 | $605.0K | $37.1M | ||
| Q1 24 | $-98.4M | $-10.3M |
自由现金流GPROTHRM
| Q4 25 | $15.0M | $6.7M | ||
| Q3 25 | $11.2M | $46.5M | ||
| Q2 25 | $8.3M | $36.2M | ||
| Q1 25 | $-58.5M | $-28.2M | ||
| Q4 24 | $-25.5M | $13.6M | ||
| Q3 24 | $-4.2M | $26.6M | ||
| Q2 24 | $-111.0K | $17.8M | ||
| Q1 24 | $-99.4M | $-21.6M |
自由现金流率GPROTHRM
| Q4 25 | 7.4% | 1.7% | ||
| Q3 25 | 6.9% | 12.0% | ||
| Q2 25 | 5.4% | 9.6% | ||
| Q1 25 | -43.5% | -8.0% | ||
| Q4 24 | -12.7% | 3.9% | ||
| Q3 24 | -1.6% | 7.2% | ||
| Q2 24 | -0.1% | 4.7% | ||
| Q1 24 | -63.9% | -6.1% |
资本支出强度GPROTHRM
| Q4 25 | 0.3% | 5.8% | ||
| Q3 25 | 0.6% | 2.5% | ||
| Q2 25 | 0.3% | 2.4% | ||
| Q1 25 | 1.0% | 4.2% | ||
| Q4 24 | 0.2% | 6.5% | ||
| Q3 24 | 0.8% | 5.3% | ||
| Q2 24 | 0.4% | 5.2% | ||
| Q1 24 | 0.6% | 3.2% |
现金转化率GPROTHRM
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | -0.70× |
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
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
