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HA Sustainable Infrastructure Capital, Inc.（HASI）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
HA Sustainable Infrastructure Capital, Inc.的季度营收约是PUMA BIOTECHNOLOGY, INC.的1.5倍（$114.8M vs $75.5M），PUMA BIOTECHNOLOGY, INC.同比增速更快（27.7% vs 13.3%），过去两年PUMA BIOTECHNOLOGY, INC.的营收复合增速更高（31.3% vs 4.2%）
HA可持续基础设施资本公司（HASI）是一家聚焦可持续基础设施领域的专业投资机构，业务覆盖可再生能源、能效提升、可持续地产及低碳公用事业板块，主要在北美市场运营，为合格绿色项目提供长期资本支持，为投资者创造稳定的经风险调整后回报。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
HASI vs PBYI — 直观对比
营收规模更大
HASI
是对方的1.5倍
$75.5M
营收增速更快
PBYI
高出14.4%
13.3%
两年增速更快
PBYI
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.8M | $75.5M |
| 净利润 | $-53.8M | — |
| 毛利率 | — | 69.3% |
| 营业利润率 | -57.4% | 22.7% |
| 净利率 | -46.8% | — |
| 营收同比 | 13.3% | 27.7% |
| 净利润同比 | -176.7% | — |
| 每股收益（稀释后） | $-0.38 | $0.26 |
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HASIPBYI
| Q4 25 | $114.8M | $75.5M | ||
| Q3 25 | $103.1M | $54.5M | ||
| Q2 25 | $85.7M | $52.4M | ||
| Q1 25 | $96.9M | $46.0M | ||
| Q4 24 | $101.3M | $59.1M | ||
| Q3 24 | $82.0M | $80.5M | ||
| Q2 24 | $94.5M | $47.1M | ||
| Q1 24 | $105.8M | $43.8M |
净利润HASIPBYI
| Q4 25 | $-53.8M | — | ||
| Q3 25 | $83.3M | $8.8M | ||
| Q2 25 | $98.4M | $5.9M | ||
| Q1 25 | $56.6M | $3.0M | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $-19.6M | $20.3M | ||
| Q2 24 | $26.5M | $-4.5M | ||
| Q1 24 | $123.0M | $-4.8M |
毛利率HASIPBYI
| Q4 25 | — | 69.3% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 76.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 77.4% | ||
| Q1 24 | — | 75.5% |
营业利润率HASIPBYI
| Q4 25 | -57.4% | 22.7% | ||
| Q3 25 | — | 17.6% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | 84.7% | 8.7% | ||
| Q4 24 | 90.9% | 22.6% | ||
| Q3 24 | -32.1% | 27.4% | ||
| Q2 24 | 39.5% | -4.6% | ||
| Q1 24 | — | -5.3% |
净利率HASIPBYI
| Q4 25 | -46.8% | — | ||
| Q3 25 | 80.8% | 16.2% | ||
| Q2 25 | 114.9% | 11.2% | ||
| Q1 25 | 58.4% | 6.5% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -23.9% | 25.2% | ||
| Q2 24 | 28.1% | -9.6% | ||
| Q1 24 | 116.3% | -11.0% |
每股收益（稀释后）HASIPBYI
| Q4 25 | $-0.38 | $0.26 | ||
| Q3 25 | $0.61 | $0.17 | ||
| Q2 25 | $0.74 | $0.12 | ||
| Q1 25 | $0.44 | $0.06 | ||
| Q4 24 | $0.58 | $0.40 | ||
| Q3 24 | $-0.17 | $0.41 | ||
| Q2 24 | $0.23 | $-0.09 | ||
| Q1 24 | $0.98 | $-0.10 |
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 | $110.2M | $97.5M |
| 总债务越低越好 | — | $22.7M |
| 股东权益账面价值 | $2.7B | $130.3M |
| 总资产 | $8.2B | $216.3M |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资HASIPBYI
| Q4 25 | $110.2M | $97.5M | ||
| Q3 25 | $301.8M | $94.4M | ||
| Q2 25 | $86.5M | $96.0M | ||
| Q1 25 | $67.4M | $93.2M | ||
| Q4 24 | $129.8M | $101.0M | ||
| Q3 24 | $44.1M | $96.7M | ||
| Q2 24 | $145.7M | $96.8M | ||
| Q1 24 | $61.4M | $107.2M |
总债务HASIPBYI
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
股东权益HASIPBYI
| Q4 25 | $2.7B | $130.3M | ||
| Q3 25 | $2.7B | $115.3M | ||
| Q2 25 | $2.6B | $104.7M | ||
| Q1 25 | $2.5B | $97.1M | ||
| Q4 24 | $2.4B | $92.1M | ||
| Q3 24 | $2.3B | $71.1M | ||
| Q2 24 | $2.3B | $48.5M | ||
| Q1 24 | $2.3B | $51.0M |
总资产HASIPBYI
| Q4 25 | $8.2B | $216.3M | ||
| Q3 25 | $8.2B | $202.9M | ||
| Q2 25 | $7.6B | $194.9M | ||
| Q1 25 | $7.5B | $196.2M | ||
| Q4 24 | $7.1B | $213.3M | ||
| Q3 24 | $6.7B | $220.7M | ||
| Q2 24 | $6.7B | $205.0M | ||
| Q1 24 | $6.7B | $214.1M |
负债/权益比HASIPBYI
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $167.3M | $14.4M |
| 自由现金流经营现金流 - 资本支出 | — | $14.4M |
| 自由现金流率自由现金流/营收 | — | 19.1% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 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 | — | $41.7M |
8季度趋势，按日历期对齐
经营现金流HASIPBYI
| Q4 25 | $167.3M | $14.4M | ||
| Q3 25 | $-121.8M | $9.7M | ||
| Q2 25 | $79.6M | $14.1M | ||
| Q1 25 | $-37.1M | $3.6M | ||
| Q4 24 | $5.9M | $15.6M | ||
| Q3 24 | $21.9M | $11.0M | ||
| Q2 24 | $-24.8M | $1.0M | ||
| Q1 24 | $20.9M | $11.2M |
自由现金流HASIPBYI
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $9.7M | ||
| Q2 25 | — | $14.1M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $15.6M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | — |
自由现金流率HASIPBYI
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | — |
资本支出强度HASIPBYI
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率HASIPBYI
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | 1.10× | ||
| Q2 25 | 0.81× | 2.41× | ||
| Q1 25 | -0.66× | 1.21× | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | -0.94× | — | ||
| Q1 24 | 0.17× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
