vs
Hut 8 Corp.（HUT）与SOLAI Ltd（SLAI）财务数据对比。点击上方公司名可切换其他公司
Hut 8 Corp.的季度营收约是SOLAI Ltd的8.0倍（$88.5M vs $11.0M），SOLAI Ltd净利率更高（-126.2% vs -316.0%，领先189.8%），Hut 8 Corp.同比增速更快（179.2% vs -43.1%）
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
HUT vs SLAI — 直观对比
营收规模更大
HUT
是对方的8.0倍
$11.0M
营收增速更快
HUT
高出222.3%
-43.1%
净利率更高
SLAI
高出189.8%
-316.0%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.5M | $11.0M |
| 净利润 | $-279.7M | $-13.9M |
| 毛利率 | 60.4% | 0.1% |
| 营业利润率 | -491.4% | -126.2% |
| 净利率 | -316.0% | -126.2% |
| 营收同比 | 179.2% | -43.1% |
| 净利润同比 | -283.7% | -173.4% |
| 每股收益（稀释后） | $-2.45 | $-0.01 |
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HUTSLAI
| Q4 25 | $88.5M | — | ||
| Q3 25 | $83.5M | — | ||
| Q2 25 | $41.3M | $11.0M | ||
| Q1 25 | $21.8M | — | ||
| Q4 24 | $31.7M | — | ||
| Q3 24 | $43.7M | — | ||
| Q2 24 | $35.2M | $19.4M | ||
| Q1 24 | $51.7M | — |
净利润HUTSLAI
| Q4 25 | $-279.7M | — | ||
| Q3 25 | $50.1M | — | ||
| Q2 25 | $137.3M | $-13.9M | ||
| Q1 25 | $-133.9M | — | ||
| Q4 24 | $152.2M | — | ||
| Q3 24 | $647.0K | — | ||
| Q2 24 | $-71.9M | $18.9M | ||
| Q1 24 | $250.9M | — |
毛利率HUTSLAI
| Q4 25 | 60.4% | — | ||
| Q3 25 | 61.3% | — | ||
| Q2 25 | 47.3% | 0.1% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 59.9% | — | ||
| Q2 24 | 41.4% | 52.4% | ||
| Q1 24 | 45.6% | — |
营业利润率HUTSLAI
| Q4 25 | -491.4% | — | ||
| Q3 25 | 87.0% | — | ||
| Q2 25 | — | -126.2% | ||
| Q1 25 | -676.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -3.6% | — | ||
| Q2 24 | -246.2% | -2.6% | ||
| Q1 24 | — | — |
净利率HUTSLAI
| Q4 25 | -316.0% | — | ||
| Q3 25 | 60.0% | — | ||
| Q2 25 | 332.5% | -126.2% | ||
| Q1 25 | -613.7% | — | ||
| Q4 24 | 480.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -204.1% | 97.9% | ||
| Q1 24 | 484.9% | — |
每股收益（稀释后）HUTSLAI
| Q4 25 | $-2.45 | — | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | $1.18 | $-0.01 | ||
| Q1 25 | $-1.30 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.78 | $0.02 | ||
| Q1 24 | $2.76 | — |
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 | $44.9M | $1.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $43.8M |
| 总资产 | $2.8B | $69.1M |
| 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HUTSLAI
| Q4 25 | $44.9M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $216.3M | $1.2M | ||
| Q1 25 | $108.4M | — | ||
| Q4 24 | $85.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | $11.5M | — |
总债务HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $300.6M | — | ||
| Q3 24 | $297.3M | — | ||
| Q2 24 | $328.8M | — | ||
| Q1 24 | $177.6M | — |
股东权益HUTSLAI
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | $43.8M | ||
| Q1 25 | $960.0M | — | ||
| Q4 24 | $976.7M | — | ||
| Q3 24 | $703.9M | — | ||
| Q2 24 | $660.1M | $45.9M | ||
| Q1 24 | $732.0M | — |
总资产HUTSLAI
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.0B | $69.1M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $63.3M | ||
| Q1 24 | $999.0M | — |
负债/权益比HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.24× | — |
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 | $-139.2M | $-17.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-17.0M |
| 自由现金流率自由现金流/营收 | — | -154.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HUTSLAI
| Q4 25 | $-139.2M | — | ||
| Q3 25 | $770.0K | — | ||
| Q2 25 | $-48.8M | $-17.0M | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $-68.5M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $-16.4M | $-12.1M | ||
| Q1 24 | $-26.3M | — |
自由现金流HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-17.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -154.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率HUTSLAI
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -0.36× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.45× | — | ||
| Q3 24 | -6.49× | — | ||
| Q2 24 | — | -0.64× | ||
| Q1 24 | -0.11× | — |
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
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
SLAI
| Data center | $6.5M | 59% |
| Cryptocurrency mining | $4.6M | 41% |
