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INTERNATIONAL BANCSHARES CORP（IBOC）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INTERNATIONAL BANCSHARES CORP的1.0倍（$225.2M vs $217.7M），INTERNATIONAL BANCSHARES CORP净利率更高（62.3% vs -375.6%，领先438.0%），PLUG POWER INC同比增速更快（17.6% vs 4.5%），INTERNATIONAL BANCSHARES CORP自由现金流更多（$472.9M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 2.8%）
国际银行股份公司（International Bancshares Corporation）是总部位于美国得克萨斯州拉雷多的银行控股公司，核心子公司为国际商业银行。目前集团通过旗下银行子公司运营217个营业网点、315台自动柜员机，服务覆盖得克萨斯州、俄克拉荷马州的88个城镇社区。
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。
IBOC vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.0倍
$217.7M
营收增速更快
PLUG
高出13.1%
4.5%
净利率更高
IBOC
高出438.0%
-375.6%
自由现金流更多
IBOC
多$626.0M
$-153.0M
两年增速更快
PLUG
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.7M | $225.2M |
| 净利润 | $106.9M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 62.8% | -338.9% |
| 净利率 | 62.3% | -375.6% |
| 营收同比 | 4.5% | 17.6% |
| 净利润同比 | -7.1% | 36.7% |
| 每股收益（稀释后） | $1.71 | $-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IBOCPLUG
| Q4 25 | $217.7M | $225.2M | ||
| Q3 25 | $218.1M | $177.1M | ||
| Q2 25 | $208.2M | $174.0M | ||
| Q1 25 | $198.2M | $133.7M | ||
| Q4 24 | $208.3M | $191.5M | ||
| Q3 24 | $211.8M | $173.7M | ||
| Q2 24 | $207.8M | $143.3M | ||
| Q1 24 | $205.8M | $120.3M |
净利润IBOCPLUG
| Q4 25 | $106.9M | $-846.0M | ||
| Q3 25 | $108.4M | $-361.9M | ||
| Q2 25 | $100.1M | $-227.1M | ||
| Q1 25 | $96.9M | $-196.7M | ||
| Q4 24 | $115.1M | $-1.3B | ||
| Q3 24 | $99.8M | $-211.2M | ||
| Q2 24 | $97.0M | $-262.3M | ||
| Q1 24 | $97.3M | $-295.8M |
毛利率IBOCPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率IBOCPLUG
| Q4 25 | 62.8% | -338.9% | ||
| Q3 25 | 62.6% | -197.0% | ||
| Q2 25 | 60.5% | -101.7% | ||
| Q1 25 | 61.1% | -133.5% | ||
| Q4 24 | 64.2% | -678.7% | ||
| Q3 24 | 60.0% | -124.4% | ||
| Q2 24 | 60.1% | -170.7% | ||
| Q1 24 | 59.9% | -215.7% |
净利率IBOCPLUG
| Q4 25 | 62.3% | -375.6% | ||
| Q3 25 | 49.7% | -204.4% | ||
| Q2 25 | 48.1% | -130.5% | ||
| Q1 25 | 48.9% | -147.1% | ||
| Q4 24 | 71.5% | -697.5% | ||
| Q3 24 | 47.1% | -121.5% | ||
| Q2 24 | 46.7% | -183.0% | ||
| Q1 24 | 47.3% | -245.9% |
每股收益（稀释后）IBOCPLUG
| Q4 25 | $1.71 | $-0.70 | ||
| Q3 25 | $1.74 | $-0.31 | ||
| Q2 25 | $1.61 | $-0.20 | ||
| Q1 25 | $1.56 | $-0.21 | ||
| Q4 24 | $1.85 | $-1.61 | ||
| Q3 24 | $1.60 | $-0.25 | ||
| Q2 24 | $1.56 | $-0.36 | ||
| Q1 24 | $1.56 | $-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 | $5.5B | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $978.1M |
| 总资产 | $16.6B | $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IBOCPLUG
| Q4 25 | $5.5B | $368.5M | ||
| Q3 25 | $5.6B | $165.9M | ||
| Q2 25 | $5.8B | $140.7M | ||
| Q1 25 | $5.6B | $295.8M | ||
| Q4 24 | $5.4B | $205.7M | ||
| Q3 24 | $5.8B | $93.9M | ||
| Q2 24 | $5.7B | $62.4M | ||
| Q1 24 | $5.7B | $172.9M |
总债务IBOCPLUG
| 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IBOCPLUG
| Q4 25 | $3.3B | $978.1M | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.7B | $3.0B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.5B | $2.9B |
总资产IBOCPLUG
| Q4 25 | $16.6B | $2.6B | ||
| Q3 25 | $16.6B | $3.1B | ||
| Q2 25 | $16.5B | $3.4B | ||
| Q1 25 | $16.3B | $3.6B | ||
| Q4 24 | $15.7B | $3.6B | ||
| Q3 24 | $15.9B | $4.7B | ||
| Q2 24 | $15.5B | $4.8B | ||
| Q1 24 | $15.4B | $4.8B |
负债/权益比IBOCPLUG
| 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 | $491.1M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $472.9M | $-153.0M |
| 自由现金流率自由现金流/营收 | 217.2% | -67.9% |
| 资本支出强度资本支出/营收 | 8.3% | 1.9% |
| 现金转化率经营现金流/净利润 | 4.59× | — |
| 过去12个月自由现金流最近4个季度 | $809.9M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流IBOCPLUG
| Q4 25 | $491.1M | $-148.6M | ||
| Q3 25 | $115.2M | $-89.8M | ||
| Q2 25 | $95.5M | $-191.8M | ||
| Q1 25 | $140.5M | $-105.6M | ||
| Q4 24 | $473.9M | $-131.2M | ||
| Q3 24 | $116.5M | $-174.9M | ||
| Q2 24 | $107.2M | $-254.7M | ||
| Q1 24 | $135.4M | $-167.7M |
自由现金流IBOCPLUG
| Q4 25 | $472.9M | $-153.0M | ||
| Q3 25 | $112.2M | $-117.5M | ||
| Q2 25 | $91.6M | $-230.4M | ||
| Q1 25 | $133.1M | $-146.0M | ||
| Q4 24 | $459.8M | $-165.2M | ||
| Q3 24 | $109.6M | $-234.2M | ||
| Q2 24 | $104.9M | $-356.0M | ||
| Q1 24 | $128.9M | $-260.3M |
自由现金流率IBOCPLUG
| Q4 25 | 217.2% | -67.9% | ||
| Q3 25 | 51.5% | -66.4% | ||
| Q2 25 | 44.0% | -132.5% | ||
| Q1 25 | 67.1% | -109.2% | ||
| Q4 24 | 220.8% | -86.3% | ||
| Q3 24 | 51.7% | -134.8% | ||
| Q2 24 | 50.5% | -248.4% | ||
| Q1 24 | 62.6% | -216.5% |
资本支出强度IBOCPLUG
| Q4 25 | 8.3% | 1.9% | ||
| Q3 25 | 1.3% | 15.6% | ||
| Q2 25 | 1.9% | 22.2% | ||
| Q1 25 | 3.7% | 30.3% | ||
| Q4 24 | 6.8% | 17.7% | ||
| Q3 24 | 3.3% | 34.1% | ||
| Q2 24 | 1.1% | 70.7% | ||
| Q1 24 | 3.2% | 77.0% |
现金转化率IBOCPLUG
| Q4 25 | 4.59× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 4.12× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 1.39× | — |
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
IBOC
暂无分部数据
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% |
