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HANMI FINANCIAL CORP（HAFC）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
HANMI FINANCIAL CORP的季度营收约是STEM, INC.的1.5倍（$71.2M vs $47.1M），HANMI FINANCIAL CORP净利率更高（29.8% vs -33.9%，领先63.7%），HANMI FINANCIAL CORP同比增速更快（17.1% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 10.4%）
韩美金融（HANMI FINANCIAL CORP）旗下韩美银行是一家总部位于美国加利福尼亚州洛杉矶的社区银行，目前在加州、得州、伊利诺伊州、纽约州、新泽西州和弗吉尼亚州共设有35家分行与8个贷款业务办事处。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
HAFC vs STEM — 直观对比
营收规模更大
HAFC
是对方的1.5倍
$47.1M
营收增速更快
HAFC
高出32.6%
-15.6%
净利率更高
HAFC
高出63.7%
-33.9%
两年增速更快
STEM
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $71.2M | $47.1M |
| 净利润 | $21.2M | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | 29.8% | -17.7% |
| 净利率 | 29.8% | -33.9% |
| 营收同比 | 17.1% | -15.6% |
| 净利润同比 | 20.0% | 68.8% |
| 每股收益（稀释后） | $0.70 | $-4.40 |
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HAFCSTEM
| Q4 25 | $71.2M | $47.1M | ||
| Q3 25 | $71.0M | $38.2M | ||
| Q2 25 | $65.2M | $38.4M | ||
| Q1 25 | $62.8M | $32.5M | ||
| Q4 24 | $60.8M | $55.8M | ||
| Q3 24 | $58.5M | $29.3M | ||
| Q2 24 | $56.7M | $34.0M | ||
| Q1 24 | $58.4M | $25.5M |
净利润HAFCSTEM
| Q4 25 | $21.2M | $-16.0M | ||
| Q3 25 | $22.1M | $-23.8M | ||
| Q2 25 | $15.1M | $202.5M | ||
| Q1 25 | $17.7M | $-25.0M | ||
| Q4 24 | $17.7M | $-51.1M | ||
| Q3 24 | $14.9M | $-148.3M | ||
| Q2 24 | $14.5M | $-582.3M | ||
| Q1 24 | $15.2M | $-72.3M |
毛利率HAFCSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率HAFCSTEM
| Q4 25 | 29.8% | -17.7% | ||
| Q3 25 | 31.1% | -33.6% | ||
| Q2 25 | 23.2% | -34.8% | ||
| Q1 25 | 28.1% | -65.0% | ||
| Q4 24 | 29.1% | -84.4% | ||
| Q3 24 | 25.5% | -493.2% | ||
| Q2 24 | 25.5% | -1705.5% | ||
| Q1 24 | 26.0% | -267.0% |
净利率HAFCSTEM
| Q4 25 | 29.8% | -33.9% | ||
| Q3 25 | 31.1% | -62.2% | ||
| Q2 25 | 23.2% | 527.8% | ||
| Q1 25 | 28.1% | -76.9% | ||
| Q4 24 | 29.1% | -91.6% | ||
| Q3 24 | 25.5% | -506.3% | ||
| Q2 24 | 25.5% | -1712.6% | ||
| Q1 24 | 26.0% | -283.9% |
每股收益（稀释后）HAFCSTEM
| Q4 25 | $0.70 | $-4.40 | ||
| Q3 25 | $0.73 | $-2.84 | ||
| Q2 25 | $0.50 | $-1.79 | ||
| Q1 25 | $0.58 | $-0.15 | ||
| Q4 24 | $0.58 | $-15.29 | ||
| Q3 24 | $0.49 | $-18.24 | ||
| Q2 24 | $0.48 | $-71.81 | ||
| Q1 24 | $0.50 | $-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 | — | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $796.4M | $-249.4M |
| 总资产 | $7.9B | $308.9M |
| 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HAFCSTEM
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
股东权益HAFCSTEM
| Q4 25 | $796.4M | $-249.4M | ||
| Q3 25 | $779.5M | $-235.7M | ||
| Q2 25 | $762.8M | $-214.1M | ||
| Q1 25 | $751.5M | $-417.5M | ||
| Q4 24 | $732.2M | $-398.4M | ||
| Q3 24 | $736.7M | $-344.1M | ||
| Q2 24 | $707.1M | $-203.2M | ||
| Q1 24 | $703.1M | $371.6M |
总资产HAFCSTEM
| Q4 25 | $7.9B | $308.9M | ||
| Q3 25 | $7.9B | $362.6M | ||
| Q2 25 | $7.9B | $379.2M | ||
| Q1 25 | $7.7B | $405.1M | ||
| Q4 24 | $7.7B | $437.4M | ||
| Q3 24 | $7.7B | $537.8M | ||
| Q2 24 | $7.6B | $691.5M | ||
| Q1 24 | $7.5B | $1.3B |
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 | $206.0M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $203.7M | — |
| 自由现金流率自由现金流/营收 | 286.2% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | $356.1M | — |
8季度趋势，按日历期对齐
经营现金流HAFCSTEM
| Q4 25 | $206.0M | $8.2M | ||
| Q3 25 | $146.9M | $11.4M | ||
| Q2 25 | $-19.0M | $-21.3M | ||
| Q1 25 | $25.8M | $8.5M | ||
| Q4 24 | $52.6M | $-14.7M | ||
| Q3 24 | $6.7M | $-9.4M | ||
| Q2 24 | $2.1M | $-11.9M | ||
| Q1 24 | $30.0M | $-621.0K |
自由现金流HAFCSTEM
| Q4 25 | $203.7M | — | ||
| Q3 25 | $146.4M | — | ||
| Q2 25 | $-19.6M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $49.9M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $29.2M | — |
自由现金流率HAFCSTEM
| Q4 25 | 286.2% | — | ||
| Q3 25 | 206.3% | — | ||
| Q2 25 | -30.0% | — | ||
| Q1 25 | 40.7% | — | ||
| Q4 24 | 82.1% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 50.0% | — |
资本支出强度HAFCSTEM
| Q4 25 | 3.2% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.4% | — |
现金转化率HAFCSTEM
| Q4 25 | 9.70× | — | ||
| Q3 25 | 6.66× | — | ||
| Q2 25 | -1.26× | -0.11× | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 2.97× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 1.98× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
