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GRAIL, Inc.（GRAL）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
GRAIL, Inc.的季度营收约是REDWOOD TRUST INC的1.7倍（$43.6M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -227.5%，领先304.7%），GRAIL, Inc.同比增速更快（14.0% vs -6.1%），过去两年GRAIL, Inc.的营收复合增速更高（27.7% vs -41.0%）
GRAIL是2015年成立的美国生物技术企业，总部位于加利福尼亚州门洛帕克，核心业务是研发面向无症状人群的癌症早期筛查检测产品。该公司最初是基因测序企业Illumina旗下的初创子公司，2021年被Illumina全资收购。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
GRAL vs RWT — 直观对比
营收规模更大
GRAL
是对方的1.7倍
$25.9M
营收增速更快
GRAL
高出20.1%
-6.1%
净利率更高
RWT
高出304.7%
-227.5%
两年增速更快
GRAL
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.6M | $25.9M |
| 净利润 | $-99.2M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -285.4% | — |
| 净利率 | -227.5% | 77.2% |
| 营收同比 | 14.0% | -6.1% |
| 净利润同比 | -2.2% | 402.6% |
| 每股收益（稀释后） | $-2.37 | $0.11 |
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GRALRWT
| Q4 25 | $43.6M | $25.9M | ||
| Q3 25 | $36.2M | $15.0M | ||
| Q2 25 | $35.5M | $13.8M | ||
| Q1 25 | $31.8M | $27.9M | ||
| Q4 24 | $38.3M | $27.6M | ||
| Q3 24 | $28.7M | $25.5M | ||
| Q2 24 | $32.0M | $67.4M | ||
| Q1 24 | $26.7M | $74.5M |
净利润GRALRWT
| Q4 25 | $-99.2M | $20.0M | ||
| Q3 25 | $-89.0M | $-7.7M | ||
| Q2 25 | $-114.0M | $-98.5M | ||
| Q1 25 | $-106.2M | $16.1M | ||
| Q4 24 | $-97.1M | $-6.6M | ||
| Q3 24 | $-125.7M | $14.8M | ||
| Q2 24 | $-1.6B | $15.5M | ||
| Q1 24 | $-218.9M | $30.3M |
营业利润率GRALRWT
| Q4 25 | -285.4% | — | ||
| Q3 25 | -346.2% | -9.0% | ||
| Q2 25 | -446.9% | -679.0% | ||
| Q1 25 | -482.5% | 80.2% | ||
| Q4 24 | -358.0% | -1.3% | ||
| Q3 24 | -640.5% | 86.1% | ||
| Q2 24 | -5133.8% | 30.3% | ||
| Q1 24 | -851.1% | 41.3% |
净利率GRALRWT
| Q4 25 | -227.5% | 77.2% | ||
| Q3 25 | -245.8% | -51.4% | ||
| Q2 25 | -320.7% | -712.0% | ||
| Q1 25 | -333.6% | 57.8% | ||
| Q4 24 | -253.8% | -24.0% | ||
| Q3 24 | -438.7% | 58.1% | ||
| Q2 24 | -4958.8% | 23.0% | ||
| Q1 24 | -819.3% | 40.6% |
每股收益（稀释后）GRALRWT
| Q4 25 | $-2.37 | $0.11 | ||
| Q3 25 | $-2.46 | $-0.08 | ||
| Q2 25 | $-3.18 | $-0.76 | ||
| Q1 25 | $-3.10 | $0.10 | ||
| Q4 24 | $-1.49 | $-0.08 | ||
| Q3 24 | $-3.94 | $0.09 | ||
| Q2 24 | $-51.06 | $0.10 | ||
| Q1 24 | $-7.05 | $0.21 |
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 | $249.7M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $982.6M |
| 总资产 | $2.9B | $23.7B |
| 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GRALRWT
| Q4 25 | $249.7M | $255.7M | ||
| Q3 25 | $126.9M | $226.3M | ||
| Q2 25 | $127.4M | $302.0M | ||
| Q1 25 | $133.9M | $259.9M | ||
| Q4 24 | $214.2M | $245.2M | ||
| Q3 24 | $853.6M | $253.7M | ||
| Q2 24 | $958.8M | $275.6M | ||
| Q1 24 | $199.7M | $275.4M |
总债务GRALRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益GRALRWT
| Q4 25 | $2.6B | $982.6M | ||
| Q3 25 | $2.2B | $999.0M | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | — | $1.2B |
总资产GRALRWT
| Q4 25 | $2.9B | $23.7B | ||
| Q3 25 | $2.6B | $22.6B | ||
| Q2 25 | $2.7B | $21.3B | ||
| Q1 25 | $2.8B | $19.9B | ||
| Q4 24 | $3.0B | $18.3B | ||
| Q3 24 | $3.1B | $18.4B | ||
| Q2 24 | $3.3B | $16.5B | ||
| Q1 24 | — | $15.1B |
负债/权益比GRALRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-63.8M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-63.9M | — |
| 自由现金流率自由现金流/营收 | -146.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-299.9M | — |
8季度趋势，按日历期对齐
经营现金流GRALRWT
| Q4 25 | $-63.8M | $-10.1B | ||
| Q3 25 | $-63.2M | $-2.7B | ||
| Q2 25 | $-77.0M | $-2.1B | ||
| Q1 25 | $-95.0M | $-2.0B | ||
| Q4 24 | — | $-5.9B | ||
| Q3 24 | $-104.6M | $-2.1B | ||
| Q2 24 | $-171.8M | $-2.0B | ||
| Q1 24 | $-207.3M | $-954.2M |
自由现金流GRALRWT
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | — | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
自由现金流率GRALRWT
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | — | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
资本支出强度GRALRWT
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
现金转化率GRALRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
RWT
暂无分部数据
