vs
GRAN TIERRA ENERGY INC.（GTE）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是GRAN TIERRA ENERGY INC.的1.8倍（$225.2M vs $124.4M），GRAN TIERRA ENERGY INC.净利率更高（-113.4% vs -375.6%，领先262.2%），PLUG POWER INC同比增速更快（17.6% vs -15.5%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -11.1%）
Gran Tierra Energy是一家2005年5月成立的能源企业，总部位于加拿大阿尔伯塔省卡尔加里，业务核心聚焦南美地区的油气勘探、开发与生产，曾于2008年7月宣布计划与Solana Resources完成合并。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
GTE vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.8倍
$124.4M
营收增速更快
PLUG
高出33.1%
-15.5%
净利率更高
GTE
高出262.2%
-375.6%
两年增速更快
PLUG
近两年复合增速
-11.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $124.4M | $225.2M |
| 净利润 | $-141.1M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | -142.9% | -338.9% |
| 净利率 | -113.4% | -375.6% |
| 营收同比 | -15.5% | 17.6% |
| 净利润同比 | -312.6% | 36.7% |
| 每股收益（稀释后） | $-3.98 | $-0.70 |
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GTEPLUG
| Q4 25 | $124.4M | $225.2M | ||
| Q3 25 | $149.3M | $177.1M | ||
| Q2 25 | $152.5M | $174.0M | ||
| Q1 25 | $170.5M | $133.7M | ||
| Q4 24 | $147.3M | $191.5M | ||
| Q3 24 | $151.4M | $173.7M | ||
| Q2 24 | $165.6M | $143.3M | ||
| Q1 24 | $157.6M | $120.3M |
净利润GTEPLUG
| Q4 25 | $-141.1M | $-846.0M | ||
| Q3 25 | $-19.9M | $-361.9M | ||
| Q2 25 | $-12.7M | $-227.1M | ||
| Q1 25 | $-19.3M | $-196.7M | ||
| Q4 24 | $-34.2M | $-1.3B | ||
| Q3 24 | $1.1M | $-211.2M | ||
| Q2 24 | $36.4M | $-262.3M | ||
| Q1 24 | $-78.0K | $-295.8M |
毛利率GTEPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率GTEPLUG
| Q4 25 | -142.9% | -338.9% | ||
| Q3 25 | -20.9% | -197.0% | ||
| Q2 25 | -5.3% | -101.7% | ||
| Q1 25 | -9.2% | -133.5% | ||
| Q4 24 | -14.9% | -678.7% | ||
| Q3 24 | 14.5% | -124.4% | ||
| Q2 24 | 16.5% | -170.7% | ||
| Q1 24 | 11.0% | -215.7% |
净利率GTEPLUG
| Q4 25 | -113.4% | -375.6% | ||
| Q3 25 | -13.4% | -204.4% | ||
| Q2 25 | -8.4% | -130.5% | ||
| Q1 25 | -11.3% | -147.1% | ||
| Q4 24 | -23.2% | -697.5% | ||
| Q3 24 | 0.7% | -121.5% | ||
| Q2 24 | 22.0% | -183.0% | ||
| Q1 24 | -0.0% | -245.9% |
每股收益（稀释后）GTEPLUG
| Q4 25 | $-3.98 | $-0.70 | ||
| Q3 25 | $-0.57 | $-0.31 | ||
| Q2 25 | $-0.36 | $-0.20 | ||
| Q1 25 | $-0.54 | $-0.21 | ||
| Q4 24 | $-1.10 | $-1.61 | ||
| Q3 24 | $0.04 | $-0.25 | ||
| Q2 24 | $1.16 | $-0.36 | ||
| Q1 24 | $0.00 | $-0.46 |
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 | $82.9M | $368.5M |
| 总债务越低越好 | $686.5M | — |
| 股东权益账面价值 | $228.7M | $978.1M |
| 总资产 | $1.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 3.00× | — |
8季度趋势，按日历期对齐
现金及短期投资GTEPLUG
| Q4 25 | $82.9M | $368.5M | ||
| Q3 25 | $49.1M | $165.9M | ||
| Q2 25 | $61.0M | $140.7M | ||
| Q1 25 | $76.6M | $295.8M | ||
| Q4 24 | $103.4M | $205.7M | ||
| Q3 24 | $277.6M | $93.9M | ||
| Q2 24 | $115.3M | $62.4M | ||
| Q1 24 | $126.6M | $172.9M |
总债务GTEPLUG
| Q4 25 | $686.5M | — | ||
| Q3 25 | $761.8M | — | ||
| Q2 25 | $772.6M | — | ||
| Q1 25 | $726.3M | — | ||
| Q4 24 | $722.1M | — | ||
| Q3 24 | $718.4M | $3.9M | ||
| Q2 24 | $582.1M | $3.7M | ||
| Q1 24 | $583.1M | $3.8M |
股东权益GTEPLUG
| Q4 25 | $228.7M | $978.1M | ||
| Q3 25 | $366.0M | $1.4B | ||
| Q2 25 | $389.8M | $1.7B | ||
| Q1 25 | $393.8M | $1.9B | ||
| Q4 24 | $413.6M | $1.7B | ||
| Q3 24 | $420.9M | $3.0B | ||
| Q2 24 | $420.9M | $3.0B | ||
| Q1 24 | $392.0M | $2.9B |
总资产GTEPLUG
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.7B | $3.4B | ||
| Q1 25 | $1.7B | $3.6B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.4B | $4.8B | ||
| Q1 24 | $1.4B | $4.8B |
负债/权益比GTEPLUG
| Q4 25 | 3.00× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.98× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.71× | 0.00× | ||
| Q2 24 | 1.38× | 0.00× | ||
| Q1 24 | 1.49× | 0.00× |
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 | $157.2M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流GTEPLUG
| Q4 25 | $157.2M | $-148.6M | ||
| Q3 25 | $48.1M | $-89.8M | ||
| Q2 25 | $34.7M | $-191.8M | ||
| Q1 25 | $73.2M | $-105.6M | ||
| Q4 24 | $26.6M | $-131.2M | ||
| Q3 24 | $78.7M | $-174.9M | ||
| Q2 24 | $73.2M | $-254.7M | ||
| Q1 24 | $60.8M | $-167.7M |
自由现金流GTEPLUG
| Q4 25 | — | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | — | $-165.2M | ||
| Q3 24 | — | $-234.2M | ||
| Q2 24 | — | $-356.0M | ||
| Q1 24 | — | $-260.3M |
自由现金流率GTEPLUG
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | — | -86.3% | ||
| Q3 24 | — | -134.8% | ||
| Q2 24 | — | -248.4% | ||
| Q1 24 | — | -216.5% |
资本支出强度GTEPLUG
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 77.0% |
现金转化率GTEPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.42× | — | ||
| Q2 24 | 2.01× | — | ||
| 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
GTE
| Colombia Segment | $89.1M | 72% |
| Other | $22.9M | 18% |
| Ecuador Segment | $12.5M | 10% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
