vs
HARMONIC INC.（HLIT）与Satellogic Inc.（SATL）财务数据对比。点击上方公司名可切换其他公司
Satellogic Inc.净利率更高（488.0% vs 103.4%，领先384.6%）。HARMONIC INC.自由现金流更多（$9.6M vs $-12.8M）
哈莫尼克（Harmonic Inc.）是一家美国科技企业，核心业务为研发并销售视频路由、服务器与存储产品，主要服务对象是从事电视及互联网视频内容生产、处理与分发的企业，在视频基础设施领域拥有深厚的技术积累。
Satellogic Inc.是一家专注于对地观测卫星领域的企业，由埃米利亚诺·卡吉曼和杰拉多·里查特于2010年创立，核心业务围绕地球观测卫星的研发与应用展开，为各类行业需求提供卫星遥感相关的数据与解决方案。
HLIT vs SATL — 直观对比
营收规模更大
SATL
是对方的-0.1倍
$-53.0M
净利率更高
SATL
高出384.6%
103.4%
自由现金流更多
HLIT
多$22.4M
$-12.8M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-53.0M | $6.2M |
| 净利润 | $-54.8M | $30.5M |
| 毛利率 | 103.3% | — |
| 营业利润率 | — | -114.2% |
| 净利率 | 103.4% | 488.0% |
| 营收同比 | -267.6% | — |
| 净利润同比 | -243.8% | — |
| 每股收益（稀释后） | $-0.48 | $0.24 |
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HLITSATL
| Q4 25 | $-53.0M | $6.2M | ||
| Q3 25 | $142.4M | $3.6M | ||
| Q2 25 | $138.0M | $4.4M | ||
| Q1 25 | $133.1M | $3.4M | ||
| Q4 24 | $31.6M | — | ||
| Q3 24 | $195.8M | — | ||
| Q2 24 | $138.7M | $3.5M | ||
| Q1 24 | $122.1M | — |
净利润HLITSATL
| Q4 25 | $-54.8M | $30.5M | ||
| Q3 25 | $2.7M | $4.0M | ||
| Q2 25 | $2.9M | $-6.7M | ||
| Q1 25 | $5.9M | $-32.6M | ||
| Q4 24 | $38.1M | — | ||
| Q3 24 | $21.7M | — | ||
| Q2 24 | $-12.5M | $-18.1M | ||
| Q1 24 | $-8.1M | — |
毛利率HLITSATL
| Q4 25 | 103.3% | — | ||
| Q3 25 | 54.2% | — | ||
| Q2 25 | 53.5% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | -3.7% | — | ||
| Q3 24 | 53.5% | — | ||
| Q2 24 | 52.9% | — | ||
| Q1 24 | 51.7% | — |
营业利润率HLITSATL
| Q4 25 | — | -114.2% | ||
| Q3 25 | 6.9% | -222.5% | ||
| Q2 25 | 2.8% | -141.6% | ||
| Q1 25 | 7.6% | -280.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | -11.3% | -419.2% | ||
| Q1 24 | -7.8% | — |
净利率HLITSATL
| Q4 25 | 103.4% | 488.0% | ||
| Q3 25 | 1.9% | 109.2% | ||
| Q2 25 | 2.1% | -149.8% | ||
| Q1 25 | 4.5% | -961.9% | ||
| Q4 24 | 120.5% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | -9.0% | -517.0% | ||
| Q1 24 | -6.6% | — |
每股收益（稀释后）HLITSATL
| Q4 25 | $-0.48 | $0.24 | ||
| Q3 25 | $0.02 | $-0.02 | ||
| Q2 25 | $0.03 | $-0.06 | ||
| Q1 25 | $0.05 | $-0.34 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $-0.11 | $-0.20 | ||
| Q1 24 | $-0.07 | — |
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 | $124.1M | $94.4M |
| 总债务越低越好 | $112.1M | — |
| 股东权益账面价值 | $383.2M | $60.5M |
| 总资产 | $718.5M | $151.3M |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资HLITSATL
| Q4 25 | $124.1M | $94.4M | ||
| Q3 25 | $127.4M | $28.3M | ||
| Q2 25 | $123.9M | $32.6M | ||
| Q1 25 | $148.7M | $17.7M | ||
| Q4 24 | $101.5M | — | ||
| Q3 24 | $58.2M | — | ||
| Q2 24 | $45.9M | $25.6M | ||
| Q1 24 | $84.3M | — |
总债务HLITSATL
| Q4 25 | $112.1M | — | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $113.3M | — | ||
| Q1 25 | $113.8M | — | ||
| Q4 24 | $114.3M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HLITSATL
| Q4 25 | $383.2M | $60.5M | ||
| Q3 25 | $443.0M | $-56.9M | ||
| Q2 25 | $446.4M | $-68.1M | ||
| Q1 25 | $446.1M | $-83.1M | ||
| Q4 24 | $465.3M | — | ||
| Q3 24 | $428.9M | — | ||
| Q2 24 | $392.8M | $19.1M | ||
| Q1 24 | $409.2M | — |
总资产HLITSATL
| Q4 25 | $718.5M | $151.3M | ||
| Q3 25 | $758.6M | $70.9M | ||
| Q2 25 | $783.3M | $73.8M | ||
| Q1 25 | $773.7M | $61.4M | ||
| Q4 24 | $796.5M | — | ||
| Q3 24 | $759.9M | — | ||
| Q2 24 | $713.7M | $76.6M | ||
| Q1 24 | $740.7M | — |
负债/权益比HLITSATL
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.27× | — | ||
| 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 | $12.3M | $-9.5M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $-12.8M |
| 自由现金流率自由现金流/营收 | -18.1% | -204.9% |
| 资本支出强度资本支出/营收 | -5.0% | 53.6% |
| 现金转化率经营现金流/净利润 | — | -0.31× |
| 过去12个月自由现金流最近4个季度 | $96.9M | $-34.3M |
8季度趋势，按日历期对齐
经营现金流HLITSATL
| Q4 25 | $12.3M | $-9.5M | ||
| Q3 25 | $23.8M | $-8.4M | ||
| Q2 25 | $-11.7M | $-4.3M | ||
| Q1 25 | $83.6M | $-4.7M | ||
| Q4 24 | $48.5M | — | ||
| Q3 24 | $8.7M | — | ||
| Q2 24 | $-22.2M | — | ||
| Q1 24 | $26.8M | — |
自由现金流HLITSATL
| Q4 25 | $9.6M | $-12.8M | ||
| Q3 25 | $21.0M | $-9.7M | ||
| Q2 25 | $-15.5M | $-5.1M | ||
| Q1 25 | $81.7M | $-6.6M | ||
| Q4 24 | $46.2M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $-24.1M | — | ||
| Q1 24 | $24.9M | — |
自由现金流率HLITSATL
| Q4 25 | -18.1% | -204.9% | ||
| Q3 25 | 14.8% | -267.2% | ||
| Q2 25 | -11.2% | -115.3% | ||
| Q1 25 | 61.4% | -195.9% | ||
| Q4 24 | 146.0% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | -17.4% | — | ||
| Q1 24 | 20.4% | — |
资本支出强度HLITSATL
| Q4 25 | -5.0% | 53.6% | ||
| Q3 25 | 1.9% | 36.8% | ||
| Q2 25 | 2.8% | 17.5% | ||
| Q1 25 | 1.4% | 56.5% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率HLITSATL
| Q4 25 | — | -0.31× | ||
| Q3 25 | 8.82× | -2.11× | ||
| Q2 25 | -4.07× | — | ||
| Q1 25 | 14.07× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 0.40× | — | ||
| 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
