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HALOZYME THERAPEUTICS, INC.（HALO）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
巴诺书店的季度营收约是HALOZYME THERAPEUTICS, INC.的1.7倍（$764.4M vs $451.8M），巴诺书店净利率更高（11.3% vs -31.3%，领先42.7%），HALOZYME THERAPEUTICS, INC.同比增速更快（51.6% vs -17.6%），HALOZYME THERAPEUTICS, INC.自由现金流更多（$217.6M vs $35.4M），过去两年HALOZYME THERAPEUTICS, INC.的营收复合增速更高（51.9% vs 9.5%）
Halozyme Therapeutics是一家美国生物技术企业，专注于肿瘤领域创新疗法研发，核心管线均针对肿瘤微环境进行靶向干预，致力于为全球癌症患者提供更安全高效的治疗选择。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
HALO vs NE — 直观对比
营收规模更大
NE
是对方的1.7倍
$451.8M
营收增速更快
HALO
高出69.2%
-17.6%
净利率更高
NE
高出42.7%
-31.3%
自由现金流更多
HALO
多$182.2M
$35.4M
两年增速更快
HALO
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $451.8M | $764.4M |
| 净利润 | $-141.6M | $86.6M |
| 毛利率 | 82.6% | — |
| 营业利润率 | -20.6% | 5.6% |
| 净利率 | -31.3% | 11.3% |
| 营收同比 | 51.6% | -17.6% |
| 净利润同比 | -203.3% | -10.4% |
| 每股收益（稀释后） | $-1.13 | $0.54 |
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HALONE
| Q4 25 | $451.8M | $764.4M | ||
| Q3 25 | $354.3M | $798.0M | ||
| Q2 25 | $325.7M | $848.7M | ||
| Q1 25 | $264.9M | $874.5M | ||
| Q4 24 | $298.0M | $927.3M | ||
| Q3 24 | $290.1M | $800.5M | ||
| Q2 24 | $231.4M | $692.8M | ||
| Q1 24 | $195.9M | $637.1M |
净利润HALONE
| Q4 25 | $-141.6M | $86.6M | ||
| Q3 25 | $175.2M | $-21.1M | ||
| Q2 25 | $165.2M | $42.9M | ||
| Q1 25 | $118.1M | $108.3M | ||
| Q4 24 | $137.0M | $96.6M | ||
| Q3 24 | $137.0M | $61.2M | ||
| Q2 24 | $93.2M | $195.0M | ||
| Q1 24 | $76.8M | $95.5M |
毛利率HALONE
| Q4 25 | 82.6% | — | ||
| Q3 25 | 84.4% | — | ||
| Q2 25 | 85.8% | — | ||
| Q1 25 | 81.7% | — | ||
| Q4 24 | 85.9% | — | ||
| Q3 24 | 83.0% | — | ||
| Q2 24 | 82.9% | — | ||
| Q1 24 | 85.5% | — |
营业利润率HALONE
| Q4 25 | -20.6% | 5.6% | ||
| Q3 25 | 61.5% | 6.3% | ||
| Q2 25 | 62.2% | 15.9% | ||
| Q1 25 | 53.4% | 21.4% | ||
| Q4 24 | 58.9% | 18.4% | ||
| Q3 24 | 56.3% | 14.4% | ||
| Q2 24 | 50.7% | 30.3% | ||
| Q1 24 | 48.8% | 16.9% |
净利率HALONE
| Q4 25 | -31.3% | 11.3% | ||
| Q3 25 | 49.5% | -2.6% | ||
| Q2 25 | 50.7% | 5.1% | ||
| Q1 25 | 44.6% | 12.4% | ||
| Q4 24 | 46.0% | 10.4% | ||
| Q3 24 | 47.2% | 7.6% | ||
| Q2 24 | 40.3% | 28.1% | ||
| Q1 24 | 39.2% | 15.0% |
每股收益（稀释后）HALONE
| Q4 25 | $-1.13 | $0.54 | ||
| Q3 25 | $1.43 | $-0.13 | ||
| Q2 25 | $1.33 | $0.27 | ||
| Q1 25 | $0.93 | $0.67 | ||
| Q4 24 | $1.06 | $0.56 | ||
| Q3 24 | $1.05 | $0.40 | ||
| Q2 24 | $0.72 | $1.34 | ||
| Q1 24 | $0.60 | $0.66 |
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 | $133.8M | $471.4M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $48.8M | $4.5B |
| 总资产 | $2.5B | $7.5B |
| 负债/权益比越低杠杆越低 | 43.89× | — |
8季度趋势，按日历期对齐
现金及短期投资HALONE
| Q4 25 | $133.8M | $471.4M | ||
| Q3 25 | $419.7M | $477.9M | ||
| Q2 25 | $61.9M | $338.2M | ||
| Q1 25 | $176.3M | $303.8M | ||
| Q4 24 | $115.8M | $247.3M | ||
| Q3 24 | $154.3M | $391.9M | ||
| Q2 24 | $187.9M | $162.9M | ||
| Q1 24 | $164.6M | $212.5M |
总债务HALONE
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益HALONE
| Q4 25 | $48.8M | $4.5B | ||
| Q3 25 | $503.9M | $4.5B | ||
| Q2 25 | $332.7M | $4.6B | ||
| Q1 25 | $482.3M | $4.7B | ||
| Q4 24 | $363.8M | $4.7B | ||
| Q3 24 | $452.7M | $4.7B | ||
| Q2 24 | $289.4M | $4.0B | ||
| Q1 24 | $177.8M | $3.9B |
总资产HALONE
| Q4 25 | $2.5B | $7.5B | ||
| Q3 25 | $2.2B | $7.6B | ||
| Q2 25 | $2.1B | $7.7B | ||
| Q1 25 | $2.2B | $7.9B | ||
| Q4 24 | $2.1B | $8.0B | ||
| Q3 24 | $2.1B | $8.0B | ||
| Q2 24 | $2.0B | $5.6B | ||
| Q1 24 | $1.8B | $5.4B |
负债/权益比HALONE
| Q4 25 | 43.89× | — | ||
| Q3 25 | 3.00× | — | ||
| Q2 25 | 4.54× | — | ||
| Q1 25 | 3.13× | — | ||
| Q4 24 | 4.14× | — | ||
| Q3 24 | 3.32× | — | ||
| Q2 24 | 5.19× | — | ||
| Q1 24 | 8.44× | — |
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 | $219.0M | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $217.6M | $35.4M |
| 自由现金流率自由现金流/营收 | 48.2% | 4.6% |
| 资本支出强度资本支出/营收 | 0.3% | 19.9% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $644.6M | $432.2M |
8季度趋势，按日历期对齐
经营现金流HALONE
| Q4 25 | $219.0M | $187.1M | ||
| Q3 25 | $178.6M | $277.1M | ||
| Q2 25 | $99.7M | $216.4M | ||
| Q1 25 | $154.2M | $271.1M | ||
| Q4 24 | $178.5M | $136.2M | ||
| Q3 24 | $115.4M | $283.8M | ||
| Q2 24 | $55.8M | $106.8M | ||
| Q1 24 | $129.4M | $128.7M |
自由现金流HALONE
| Q4 25 | $217.6M | $35.4M | ||
| Q3 25 | $175.6M | $139.5M | ||
| Q2 25 | $98.1M | $99.8M | ||
| Q1 25 | $153.3M | $157.5M | ||
| Q4 24 | $175.4M | $-4.4M | ||
| Q3 24 | $113.9M | $156.8M | ||
| Q2 24 | $53.2M | $-34.3M | ||
| Q1 24 | $125.9M | $-37.9M |
自由现金流率HALONE
| Q4 25 | 48.2% | 4.6% | ||
| Q3 25 | 49.6% | 17.5% | ||
| Q2 25 | 30.1% | 11.8% | ||
| Q1 25 | 57.9% | 18.0% | ||
| Q4 24 | 58.9% | -0.5% | ||
| Q3 24 | 39.3% | 19.6% | ||
| Q2 24 | 23.0% | -4.9% | ||
| Q1 24 | 64.3% | -6.0% |
资本支出强度HALONE
| Q4 25 | 0.3% | 19.9% | ||
| Q3 25 | 0.9% | 17.3% | ||
| Q2 25 | 0.5% | 13.7% | ||
| Q1 25 | 0.4% | 13.0% | ||
| Q4 24 | 1.0% | 15.2% | ||
| Q3 24 | 0.5% | 15.9% | ||
| Q2 24 | 1.1% | 20.4% | ||
| Q1 24 | 1.8% | 26.2% |
现金转化率HALONE
| Q4 25 | — | 2.16× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 0.60× | 5.05× | ||
| Q1 25 | 1.31× | 2.50× | ||
| Q4 24 | 1.30× | 1.41× | ||
| Q3 24 | 0.84× | 4.64× | ||
| Q2 24 | 0.60× | 0.55× | ||
| Q1 24 | 1.68× | 1.35× |
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
HALO
| Royalty | $258.0M | 57% |
| Products | $122.7M | 27% |
| Proprietary Products Sales | $59.6M | 13% |
| Device Partnered Products | $12.9M | 3% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
