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Groupon, Inc.（GRPN）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
Ultragenyx Pharmaceutical Inc.的季度营收约是Groupon, Inc.的1.6倍（$207.3M vs $132.7M），Groupon, Inc.净利率更高（6.0% vs -62.0%，领先68.0%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 1.8%），Groupon, Inc.自由现金流更多（$53.0M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 3.8%）
Groupon股份有限公司是源自美国的电子商务平台，业务覆盖全球13个国家，主打本地生活服务领域，主打以团购优惠券的模式，连接消费者与本地商户，覆盖休闲活动、旅行、商品及各类生活服务等多个品类。
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。
GRPN vs RARE — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $132.7M | $207.3M |
| 净利润 | $7.9M | $-128.6M |
| 毛利率 | 90.4% | — |
| 营业利润率 | 4.9% | -54.7% |
| 净利率 | 6.0% | -62.0% |
| 营收同比 | 1.8% | 25.9% |
| 净利润同比 | 115.8% | 3.5% |
| 每股收益（稀释后） | $0.21 | $-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
| Q4 25 | $132.7M | $207.3M | ||
| Q3 25 | $122.8M | $159.9M | ||
| Q2 25 | $125.7M | $166.5M | ||
| Q1 25 | $117.2M | $139.3M | ||
| Q4 24 | $130.4M | $164.6M | ||
| Q3 24 | $114.5M | $139.5M | ||
| Q2 24 | $124.6M | $147.0M | ||
| Q1 24 | $123.1M | $108.8M |
| Q4 25 | $7.9M | $-128.6M | ||
| Q3 25 | $-118.4M | $-180.4M | ||
| Q2 25 | $20.3M | $-115.0M | ||
| Q1 25 | $7.2M | $-151.1M | ||
| Q4 24 | $-50.1M | $-133.2M | ||
| Q3 24 | $13.9M | $-133.5M | ||
| Q2 24 | $-10.0M | $-131.6M | ||
| Q1 24 | $-12.3M | $-170.7M |
| Q4 25 | 90.4% | — | ||
| Q3 25 | 91.1% | — | ||
| Q2 25 | 91.0% | — | ||
| Q1 25 | 90.7% | — | ||
| Q4 24 | 90.6% | — | ||
| Q3 24 | 89.9% | — | ||
| Q2 24 | 90.4% | — | ||
| Q1 24 | 89.8% | — |
| Q4 25 | 4.9% | -54.7% | ||
| Q3 25 | 1.8% | -106.9% | ||
| Q2 25 | 10.4% | -64.8% | ||
| Q1 25 | 1.6% | -102.6% | ||
| Q4 24 | 2.0% | -74.3% | ||
| Q3 24 | -4.9% | -94.6% | ||
| Q2 24 | 3.5% | -79.1% | ||
| Q1 24 | 6.0% | -151.9% |
| Q4 25 | 6.0% | -62.0% | ||
| Q3 25 | -96.4% | -112.8% | ||
| Q2 25 | 16.2% | -69.0% | ||
| Q1 25 | 6.1% | -108.5% | ||
| Q4 24 | -38.4% | -80.9% | ||
| Q3 24 | 12.2% | -95.7% | ||
| Q2 24 | -8.1% | -89.5% | ||
| Q1 24 | -10.0% | -156.8% |
| Q4 25 | $0.21 | $-1.28 | ||
| Q3 25 | $-2.92 | $-1.81 | ||
| Q2 25 | $0.46 | $-1.17 | ||
| Q1 25 | $0.17 | $-1.57 | ||
| Q4 24 | $-1.26 | $-1.34 | ||
| Q3 24 | $0.33 | $-1.40 | ||
| Q2 24 | $-0.25 | $-1.52 | ||
| Q1 24 | $-0.33 | $-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 | $296.1M | $421.0M |
| 总债务越低越好 | $342.8M | — |
| 股东权益账面价值 | $-42.6M | $-80.0M |
| 总资产 | $670.4M | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $296.1M | $421.0M | ||
| Q3 25 | $238.5M | $202.5M | ||
| Q2 25 | $262.6M | $176.3M | ||
| Q1 25 | $226.8M | $127.1M | ||
| Q4 24 | $228.8M | $174.0M | ||
| Q3 24 | $159.7M | $150.6M | ||
| Q2 24 | $178.1M | $480.7M | ||
| Q1 24 | $158.7M | $112.3M |
| Q4 25 | $342.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $246.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-42.6M | $-80.0M | ||
| Q3 25 | $-59.6M | $9.2M | ||
| Q2 25 | $51.2M | $151.3M | ||
| Q1 25 | $45.5M | $144.2M | ||
| Q4 24 | $40.8M | $255.0M | ||
| Q3 24 | $40.0M | $346.8M | ||
| Q2 24 | $40.2M | $432.4M | ||
| Q1 24 | $41.2M | $140.3M |
| Q4 25 | $670.4M | $1.5B | ||
| Q3 25 | $608.2M | $1.2B | ||
| Q2 25 | $647.4M | $1.3B | ||
| Q1 25 | $608.2M | $1.3B | ||
| Q4 24 | $612.7M | $1.5B | ||
| Q3 24 | $548.0M | $1.5B | ||
| Q2 24 | $572.8M | $1.6B | ||
| Q1 24 | $580.5M | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.03× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $56.6M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $53.0M | $-100.8M |
| 自由现金流率自由现金流/营收 | 40.0% | -48.6% |
| 资本支出强度资本支出/营收 | 2.7% | 0.5% |
| 现金转化率经营现金流/净利润 | 7.13× | — |
| 过去12个月自由现金流最近4个季度 | $49.9M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $56.6M | $-99.8M | ||
| Q3 25 | $-20.5M | $-91.4M | ||
| Q2 25 | $28.4M | $-108.3M | ||
| Q1 25 | $-22.0K | $-166.5M | ||
| Q4 24 | $67.0M | $-79.3M | ||
| Q3 24 | $-16.3M | $-67.0M | ||
| Q2 24 | $15.3M | $-77.0M | ||
| Q1 24 | $-10.1M | $-190.7M |
| Q4 25 | $53.0M | $-100.8M | ||
| Q3 25 | $-24.6M | $-92.7M | ||
| Q2 25 | $25.2M | $-110.7M | ||
| Q1 25 | $-3.8M | $-167.8M | ||
| Q4 24 | $63.2M | $-79.5M | ||
| Q3 24 | $-19.7M | $-68.6M | ||
| Q2 24 | $10.8M | $-79.0M | ||
| Q1 24 | $-13.8M | $-193.9M |
| Q4 25 | 40.0% | -48.6% | ||
| Q3 25 | -20.0% | -58.0% | ||
| Q2 25 | 20.0% | -66.5% | ||
| Q1 25 | -3.2% | -120.5% | ||
| Q4 24 | 48.5% | -48.3% | ||
| Q3 24 | -17.2% | -49.2% | ||
| Q2 24 | 8.7% | -53.7% | ||
| Q1 24 | -11.2% | -178.2% |
| Q4 25 | 2.7% | 0.5% | ||
| Q3 25 | 3.3% | 0.8% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 3.2% | 1.0% | ||
| Q4 24 | 2.9% | 0.1% | ||
| Q3 24 | 3.0% | 1.2% | ||
| Q2 24 | 3.6% | 1.4% | ||
| Q1 24 | 3.0% | 3.0% |
| Q4 25 | 7.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.40× | — | ||
| Q1 25 | -0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.17× | — | ||
| Q2 24 | — | — | ||
| Q1 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
GRPN
| Service Local | $94.8M | 71% |
| Other | $35.6M | 27% |
| Service Travel | $2.3M | 2% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
