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HAVERTY FURNITURE COMPANIES INC（HVT）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是HAVERTY FURNITURE COMPANIES INC的1.1倍（$225.2M vs $201.9M），HAVERTY FURNITURE COMPANIES INC净利率更高（4.2% vs -375.6%，领先379.8%），PLUG POWER INC同比增速更快（17.6% vs 9.5%），HAVERTY FURNITURE COMPANIES INC自由现金流更多（$3.0M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 4.8%）
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
HVT vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.1倍
$201.9M
营收增速更快
PLUG
高出8.1%
9.5%
净利率更高
HVT
高出379.8%
-375.6%
自由现金流更多
HVT
多$156.0M
$-153.0M
两年增速更快
PLUG
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $225.2M |
| 净利润 | $8.5M | $-846.0M |
| 毛利率 | 60.4% | 2.4% |
| 营业利润率 | 5.3% | -338.9% |
| 净利率 | 4.2% | -375.6% |
| 营收同比 | 9.5% | 17.6% |
| 净利润同比 | 4.1% | 36.7% |
| 每股收益（稀释后） | — | $-0.70 |
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HVTPLUG
| Q4 25 | $201.9M | $225.2M | ||
| Q3 25 | $194.5M | $177.1M | ||
| Q2 25 | $181.0M | $174.0M | ||
| Q1 25 | $181.6M | $133.7M | ||
| Q4 24 | $184.4M | $191.5M | ||
| Q3 24 | $175.9M | $173.7M | ||
| Q2 24 | $178.6M | $143.3M | ||
| Q1 24 | $184.0M | $120.3M |
净利润HVTPLUG
| Q4 25 | $8.5M | $-846.0M | ||
| Q3 25 | $4.7M | $-361.9M | ||
| Q2 25 | $2.7M | $-227.1M | ||
| Q1 25 | $3.8M | $-196.7M | ||
| Q4 24 | $8.2M | $-1.3B | ||
| Q3 24 | $4.9M | $-211.2M | ||
| Q2 24 | $4.4M | $-262.3M | ||
| Q1 24 | $2.4M | $-295.8M |
毛利率HVTPLUG
| Q4 25 | 60.4% | 2.4% | ||
| Q3 25 | 60.3% | -67.9% | ||
| Q2 25 | 60.8% | -30.7% | ||
| Q1 25 | 61.2% | -55.3% | ||
| Q4 24 | 61.9% | -122.5% | ||
| Q3 24 | 60.2% | -57.6% | ||
| Q2 24 | 60.4% | -91.6% | ||
| Q1 24 | 60.3% | -132.3% |
营业利润率HVTPLUG
| Q4 25 | 5.3% | -338.9% | ||
| Q3 25 | 3.3% | -197.0% | ||
| Q2 25 | 2.4% | -101.7% | ||
| Q1 25 | 2.9% | -133.5% | ||
| Q4 24 | 5.2% | -678.7% | ||
| Q3 24 | 3.9% | -124.4% | ||
| Q2 24 | 3.6% | -170.7% | ||
| Q1 24 | 1.7% | -215.7% |
净利率HVTPLUG
| Q4 25 | 4.2% | -375.6% | ||
| Q3 25 | 2.4% | -204.4% | ||
| Q2 25 | 1.5% | -130.5% | ||
| Q1 25 | 2.1% | -147.1% | ||
| Q4 24 | 4.4% | -697.5% | ||
| Q3 24 | 2.8% | -121.5% | ||
| Q2 24 | 2.5% | -183.0% | ||
| Q1 24 | 1.3% | -245.9% |
每股收益（稀释后）HVTPLUG
| Q4 25 | — | $-0.70 | ||
| Q3 25 | — | $-0.31 | ||
| Q2 25 | — | $-0.20 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-1.61 | ||
| Q3 24 | — | $-0.25 | ||
| Q2 24 | — | $-0.36 | ||
| Q1 24 | — | $-0.46 |
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 | $125.3M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $307.9M | $978.1M |
| 总资产 | $649.1M | $2.6B |
| 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HVTPLUG
| Q4 25 | $125.3M | $368.5M | ||
| Q3 25 | $130.5M | $165.9M | ||
| Q2 25 | $107.4M | $140.7M | ||
| Q1 25 | $111.9M | $295.8M | ||
| Q4 24 | $120.0M | $205.7M | ||
| Q3 24 | $121.2M | $93.9M | ||
| Q2 24 | $109.9M | $62.4M | ||
| Q1 24 | $111.8M | $172.9M |
总债务HVTPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益HVTPLUG
| Q4 25 | $307.9M | $978.1M | ||
| Q3 25 | $306.0M | $1.4B | ||
| Q2 25 | $304.9M | $1.7B | ||
| Q1 25 | $305.4M | $1.9B | ||
| Q4 24 | $307.6M | $1.7B | ||
| Q3 24 | $307.8M | $3.0B | ||
| Q2 24 | $307.1M | $3.0B | ||
| Q1 24 | $306.7M | $2.9B |
总资产HVTPLUG
| Q4 25 | $649.1M | $2.6B | ||
| Q3 25 | $651.7M | $3.1B | ||
| Q2 25 | $642.7M | $3.4B | ||
| Q1 25 | $642.7M | $3.6B | ||
| Q4 24 | $648.7M | $3.6B | ||
| Q3 24 | $659.3M | $4.7B | ||
| Q2 24 | $642.1M | $4.8B | ||
| Q1 24 | $640.5M | $4.8B |
负债/权益比HVTPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $7.4M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $-153.0M |
| 自由现金流率自由现金流/营收 | 1.5% | -67.9% |
| 资本支出强度资本支出/营收 | 2.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.86× | — |
| 过去12个月自由现金流最近4个季度 | $33.0M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流HVTPLUG
| Q4 25 | $7.4M | $-148.6M | ||
| Q3 25 | $31.9M | $-89.8M | ||
| Q2 25 | $7.2M | $-191.8M | ||
| Q1 25 | $6.2M | $-105.6M | ||
| Q4 24 | $16.9M | $-131.2M | ||
| Q3 24 | $24.4M | $-174.9M | ||
| Q2 24 | $14.4M | $-254.7M | ||
| Q1 24 | $3.1M | $-167.7M |
自由现金流HVTPLUG
| Q4 25 | $3.0M | $-153.0M | ||
| Q3 25 | $28.3M | $-117.5M | ||
| Q2 25 | $1.6M | $-230.4M | ||
| Q1 25 | $27.0K | $-146.0M | ||
| Q4 24 | $9.1M | $-165.2M | ||
| Q3 24 | $16.1M | $-234.2M | ||
| Q2 24 | $4.9M | $-356.0M | ||
| Q1 24 | $-3.3M | $-260.3M |
自由现金流率HVTPLUG
| Q4 25 | 1.5% | -67.9% | ||
| Q3 25 | 14.6% | -66.4% | ||
| Q2 25 | 0.9% | -132.5% | ||
| Q1 25 | 0.0% | -109.2% | ||
| Q4 24 | 4.9% | -86.3% | ||
| Q3 24 | 9.2% | -134.8% | ||
| Q2 24 | 2.7% | -248.4% | ||
| Q1 24 | -1.8% | -216.5% |
资本支出强度HVTPLUG
| Q4 25 | 2.2% | 1.9% | ||
| Q3 25 | 1.8% | 15.6% | ||
| Q2 25 | 3.1% | 22.2% | ||
| Q1 25 | 3.4% | 30.3% | ||
| Q4 24 | 4.2% | 17.7% | ||
| Q3 24 | 4.7% | 34.1% | ||
| Q2 24 | 5.3% | 70.7% | ||
| Q1 24 | 3.5% | 77.0% |
现金转化率HVTPLUG
| Q4 25 | 0.86× | — | ||
| Q3 25 | 6.75× | — | ||
| Q2 25 | 2.69× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.06× | — | ||
| Q3 24 | 4.96× | — | ||
| Q2 24 | 3.25× | — | ||
| Q1 24 | 1.31× | — |
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
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
