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HERITAGE COMMERCE CORP（HTBK）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是HERITAGE COMMERCE CORP的1.8倍（$96.4M vs $53.6M），HERITAGE COMMERCE CORP净利率更高（28.2% vs 17.2%，领先11.0%），HERITAGE COMMERCE CORP同比增速更快（15.6% vs -15.0%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $15.8M），过去两年HERITAGE COMMERCE CORP的营收复合增速更高（12.8% vs 8.9%）
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
HTBK vs MVST — 直观对比
营收规模更大
MVST
是对方的1.8倍
$53.6M
营收增速更快
HTBK
高出30.6%
-15.0%
净利率更高
HTBK
高出11.0%
17.2%
自由现金流更多
HTBK
多$45.5M
$15.8M
两年增速更快
HTBK
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.6M | $96.4M |
| 净利润 | $15.1M | $16.5M |
| 毛利率 | — | 1.0% |
| 营业利润率 | 41.0% | -42.7% |
| 净利率 | 28.2% | 17.2% |
| 营收同比 | 15.6% | -15.0% |
| 净利润同比 | 42.3% | 120.1% |
| 每股收益（稀释后） | $0.25 | $0.19 |
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HTBKMVST
| Q4 25 | $53.6M | $96.4M | ||
| Q3 25 | $50.0M | $123.3M | ||
| Q2 25 | $47.8M | $91.3M | ||
| Q1 25 | $46.1M | $116.5M | ||
| Q4 24 | $46.4M | $113.4M | ||
| Q3 24 | $42.2M | $101.4M | ||
| Q2 24 | $41.7M | $83.7M | ||
| Q1 24 | $42.1M | $81.4M |
净利润HTBKMVST
| Q4 25 | $15.1M | $16.5M | ||
| Q3 25 | $14.7M | $-1.5M | ||
| Q2 25 | $6.4M | $-106.1M | ||
| Q1 25 | $11.6M | $61.8M | ||
| Q4 24 | $10.6M | $-82.3M | ||
| Q3 24 | $10.5M | $13.2M | ||
| Q2 24 | $9.2M | $-101.6M | ||
| Q1 24 | $10.2M | $-24.8M |
毛利率HTBKMVST
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 21.2% |
营业利润率HTBKMVST
| Q4 25 | 41.0% | -42.7% | ||
| Q3 25 | 41.1% | 10.5% | ||
| Q2 25 | 18.7% | 17.8% | ||
| Q1 25 | 35.4% | 16.3% | ||
| Q4 24 | 31.8% | -1.2% | ||
| Q3 24 | 34.3% | 7.1% | ||
| Q2 24 | 31.3% | -118.0% | ||
| Q1 24 | 34.2% | -28.4% |
净利率HTBKMVST
| Q4 25 | 28.2% | 17.2% | ||
| Q3 25 | 29.4% | -1.2% | ||
| Q2 25 | 13.4% | -116.1% | ||
| Q1 25 | 25.2% | 53.0% | ||
| Q4 24 | 22.9% | -72.6% | ||
| Q3 24 | 24.9% | 13.1% | ||
| Q2 24 | 22.1% | -121.4% | ||
| Q1 24 | 24.1% | -30.5% |
每股收益（稀释后）HTBKMVST
| Q4 25 | $0.25 | $0.19 | ||
| Q3 25 | $0.24 | $0.00 | ||
| Q2 25 | $0.10 | $-0.33 | ||
| Q1 25 | $0.19 | $0.05 | ||
| Q4 24 | $0.17 | $-0.24 | ||
| Q3 24 | $0.17 | $0.03 | ||
| Q2 24 | $0.15 | $-0.32 | ||
| Q1 24 | $0.17 | $-0.08 |
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 | — | $105.0M |
| 总债务越低越好 | — | $13.2M |
| 股东权益账面价值 | $708.6M | $410.5M |
| 总资产 | $5.8B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资HTBKMVST
| Q4 25 | — | $105.0M | ||
| Q3 25 | — | $90.7M | ||
| Q2 25 | — | $99.7M | ||
| Q1 25 | — | $90.9M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $63.6M | ||
| Q2 24 | — | $68.2M | ||
| Q1 24 | — | $39.5M |
总债务HTBKMVST
| Q4 25 | — | $13.2M | ||
| Q3 25 | — | $34.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $41.1M | ||
| Q3 24 | — | $53.4M | ||
| Q2 24 | — | $34.2M | ||
| Q1 24 | — | $43.0M |
股东权益HTBKMVST
| Q4 25 | $708.6M | $410.5M | ||
| Q3 25 | $700.0M | $358.1M | ||
| Q2 25 | $694.7M | $356.1M | ||
| Q1 25 | $696.2M | $454.2M | ||
| Q4 24 | $689.7M | $387.9M | ||
| Q3 24 | $685.4M | $486.1M | ||
| Q2 24 | $679.2M | $455.0M | ||
| Q1 24 | $676.3M | $546.1M |
总资产HTBKMVST
| Q4 25 | $5.8B | $1.0B | ||
| Q3 25 | $5.6B | $1.0B | ||
| Q2 25 | $5.5B | $1.0B | ||
| Q1 25 | $5.5B | $982.9M | ||
| Q4 24 | $5.6B | $951.9M | ||
| Q3 24 | $5.6B | $997.9M | ||
| Q2 24 | $5.3B | $961.4M | ||
| Q1 24 | $5.3B | $1.0B |
负债/权益比HTBKMVST
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.08× |
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 | $61.7M | $16.4M |
| 自由现金流经营现金流 - 资本支出 | $61.3M | $15.8M |
| 自由现金流率自由现金流/营收 | 114.3% | 16.4% |
| 资本支出强度资本支出/营收 | 0.7% | 0.7% |
| 现金转化率经营现金流/净利润 | 4.08× | 0.99× |
| 过去12个月自由现金流最近4个季度 | — | $56.1M |
8季度趋势，按日历期对齐
经营现金流HTBKMVST
| Q4 25 | $61.7M | $16.4M | ||
| Q3 25 | $18.9M | $15.2M | ||
| Q2 25 | $8.0M | $37.2M | ||
| Q1 25 | $14.8M | $7.2M | ||
| Q4 24 | $39.0M | $6.1M | ||
| Q3 24 | $5.3M | $-5.4M | ||
| Q2 24 | $10.5M | $111.0K | ||
| Q1 24 | $7.3M | $2.0M |
自由现金流HTBKMVST
| Q4 25 | $61.3M | $15.8M | ||
| Q3 25 | $18.8M | $1.2M | ||
| Q2 25 | — | $34.3M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | $37.3M | $5.7M | ||
| Q3 24 | $4.9M | $-19.6M | ||
| Q2 24 | $9.9M | $-2.8M | ||
| Q1 24 | $6.9M | $-8.2M |
自由现金流率HTBKMVST
| Q4 25 | 114.3% | 16.4% | ||
| Q3 25 | 37.7% | 1.0% | ||
| Q2 25 | — | 37.5% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | 80.5% | 5.1% | ||
| Q3 24 | 11.6% | -19.3% | ||
| Q2 24 | 23.6% | -3.4% | ||
| Q1 24 | 16.4% | -10.1% |
资本支出强度HTBKMVST
| Q4 25 | 0.7% | 0.7% | ||
| Q3 25 | 0.1% | 11.3% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 3.5% | 0.3% | ||
| Q3 24 | 1.0% | 14.0% | ||
| Q2 24 | 1.6% | 3.5% | ||
| Q1 24 | 1.0% | 12.6% |
现金转化率HTBKMVST
| Q4 25 | 4.08× | 0.99× | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.28× | 0.12× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 0.50× | -0.41× | ||
| Q2 24 | 1.14× | — | ||
| Q1 24 | 0.72× | — |
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
HTBK
暂无分部数据
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
