vs
i3 Verticals, Inc.（IIIV）与LandBridge Co LLC（LB）财务数据对比。点击上方公司名可切换其他公司
i3 Verticals, Inc.的季度营收约是LandBridge Co LLC的1.0倍（$52.7M vs $51.0M），LandBridge Co LLC净利率更高（35.0% vs 0.9%，领先34.1%），LandBridge Co LLC同比增速更快（16.0% vs -14.6%），LandBridge Co LLC自由现金流更多（$40.9M vs $13.8M），过去两年LandBridge Co LLC的营收复合增速更高（40.2% vs -4.7%）
Prusa i3是捷克Prusa Research公司生产的熔融沉积成型3D打印机系列，以Original Prusa i3为注册商标推出，同时也是RepRap项目的组成部分。2016年该系列就被评为全球使用率最高的3D打印机，最早由Josef Průša在2012年完成设计，2015年正式推出商用套件版本，目前最新型号同时提供散件套件和原厂组装版本，具备性价比高、易操作的优势。
IIIV vs LB — 直观对比
营收规模更大
IIIV
是对方的1.0倍
$51.0M
营收增速更快
LB
高出30.7%
-14.6%
净利率更高
LB
高出34.1%
0.9%
自由现金流更多
LB
多$27.1M
$13.8M
两年增速更快
LB
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $51.0M |
| 净利润 | $484.0K | $17.9M |
| 毛利率 | — | — |
| 营业利润率 | 3.1% | 57.2% |
| 净利率 | 0.9% | 35.0% |
| 营收同比 | -14.6% | 16.0% |
| 净利润同比 | -76.5% | 15.6% |
| 每股收益（稀释后） | $0.02 | — |
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IIIVLB
| Q1 26 | — | $51.0M | ||
| Q4 25 | $52.7M | $56.8M | ||
| Q3 25 | $46.0M | $50.8M | ||
| Q2 25 | $51.9M | $47.5M | ||
| Q1 25 | $63.1M | $44.0M | ||
| Q4 24 | $52.2M | $36.5M | ||
| Q3 24 | $32.0M | $28.5M | ||
| Q2 24 | $46.2M | $26.0M |
净利润IIIVLB
| Q1 26 | — | $17.9M | ||
| Q4 25 | $484.0K | $8.1M | ||
| Q3 25 | $3.1M | $8.1M | ||
| Q2 25 | $12.9M | $7.5M | ||
| Q1 25 | $-154.0K | $6.5M | ||
| Q4 24 | $2.1M | $49.3M | ||
| Q3 24 | $117.9M | $2.7M | ||
| Q2 24 | $-7.5M | $-57.7M |
营业利润率IIIVLB
| Q1 26 | — | 57.2% | ||
| Q4 25 | 3.1% | 60.0% | ||
| Q3 25 | 3.2% | 60.8% | ||
| Q2 25 | -9.3% | 60.0% | ||
| Q1 25 | 8.0% | 57.0% | ||
| Q4 24 | 3.9% | 49.4% | ||
| Q3 24 | 10.6% | 11.2% | ||
| Q2 24 | -2.8% | -197.4% |
净利率IIIVLB
| Q1 26 | — | 35.0% | ||
| Q4 25 | 0.9% | 14.2% | ||
| Q3 25 | 6.7% | 15.9% | ||
| Q2 25 | 24.8% | 15.8% | ||
| Q1 25 | -0.2% | 14.7% | ||
| Q4 24 | 3.9% | 135.2% | ||
| Q3 24 | 368.2% | 9.3% | ||
| Q2 24 | -16.3% | -222.1% |
每股收益（稀释后）IIIVLB
| Q1 26 | — | — | ||
| Q4 25 | $0.02 | $0.24 | ||
| Q3 25 | $0.14 | $0.26 | ||
| Q2 25 | $0.50 | $0.24 | ||
| Q1 25 | $0.00 | $0.20 | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $4.93 | $-0.04 | ||
| Q2 24 | $-0.32 | — |
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 | $37.5M | $29.7M |
| 总债务越低越好 | — | $433.0K |
| 股东权益账面价值 | $358.5M | — |
| 总资产 | $595.9M | $1.4B |
| 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IIIVLB
| Q1 26 | — | $29.7M | ||
| Q4 25 | $37.5M | $30.7M | ||
| Q3 25 | $66.7M | $28.3M | ||
| Q2 25 | $55.5M | $20.3M | ||
| Q1 25 | $7.7M | $14.9M | ||
| Q4 24 | $85.6M | $37.0M | ||
| Q3 24 | $86.5M | $14.4M | ||
| Q2 24 | $9.7M | $24.6M |
总债务IIIVLB
| Q1 26 | — | $433.0K | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | $0 | $366.1M | ||
| Q2 25 | $0 | $370.9M | ||
| Q1 25 | $12.0M | $375.5M | ||
| Q4 24 | $26.2M | $385.5M | ||
| Q3 24 | $26.2M | $242.4M | ||
| Q2 24 | $374.1M | $360.8M |
股东权益IIIVLB
| Q1 26 | — | — | ||
| Q4 25 | $358.5M | $340.3M | ||
| Q3 25 | $389.6M | $272.0M | ||
| Q2 25 | $383.3M | $266.4M | ||
| Q1 25 | $385.2M | $217.0M | ||
| Q4 24 | $375.0M | $211.8M | ||
| Q3 24 | $379.7M | $97.2M | ||
| Q2 24 | $249.7M | $296.4M |
总资产IIIVLB
| Q1 26 | — | $1.4B | ||
| Q4 25 | $595.9M | $1.4B | ||
| Q3 25 | $638.4M | $1.1B | ||
| Q2 25 | $623.3M | $1.1B | ||
| Q1 25 | $646.4M | $1.0B | ||
| Q4 24 | $726.2M | $1.0B | ||
| Q3 24 | $730.7M | $689.9M | ||
| Q2 24 | $861.7M | $710.5M |
负债/权益比IIIVLB
| Q1 26 | — | — | ||
| Q4 25 | — | 1.68× | ||
| Q3 25 | 0.00× | 1.35× | ||
| Q2 25 | 0.00× | 1.39× | ||
| Q1 25 | 0.03× | 1.73× | ||
| Q4 24 | 0.07× | 1.82× | ||
| Q3 24 | 0.07× | 2.49× | ||
| Q2 24 | 1.50× | 1.22× |
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 | $14.1M | $41.1M |
| 自由现金流经营现金流 - 资本支出 | $13.8M | $40.9M |
| 自由现金流率自由现金流/营收 | 26.2% | 80.3% |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 29.18× | 2.30× |
| 过去12个月自由现金流最近4个季度 | $6.5M | $232.8M |
8季度趋势，按日历期对齐
经营现金流IIIVLB
| Q1 26 | — | $41.1M | ||
| Q4 25 | $14.1M | $126.3M | ||
| Q3 25 | $14.0M | $34.9M | ||
| Q2 25 | $7.4M | $37.3M | ||
| Q1 25 | $-27.1M | $15.9M | ||
| Q4 24 | $11.5M | $67.6M | ||
| Q3 24 | $15.1M | $7.5M | ||
| Q2 24 | $8.1M | $16.0M |
自由现金流IIIVLB
| Q1 26 | — | $40.9M | ||
| Q4 25 | $13.8M | $122.0M | ||
| Q3 25 | $13.5M | $33.7M | ||
| Q2 25 | $6.8M | $36.1M | ||
| Q1 25 | $-27.6M | $15.8M | ||
| Q4 24 | $11.0M | $66.7M | ||
| Q3 24 | $14.6M | $7.1M | ||
| Q2 24 | $7.2M | $15.7M |
自由现金流率IIIVLB
| Q1 26 | — | 80.3% | ||
| Q4 25 | 26.2% | 214.9% | ||
| Q3 25 | 29.5% | 66.3% | ||
| Q2 25 | 13.1% | 75.9% | ||
| Q1 25 | -43.8% | 36.0% | ||
| Q4 24 | 21.1% | 182.6% | ||
| Q3 24 | 45.6% | 25.1% | ||
| Q2 24 | 15.6% | 60.4% |
资本支出强度IIIVLB
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 7.5% | ||
| Q3 25 | 0.9% | 2.3% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.9% | 2.7% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 1.9% | 1.4% |
现金转化率IIIVLB
| Q1 26 | — | 2.30× | ||
| Q4 25 | 29.18× | 15.68× | ||
| Q3 25 | 4.52× | 4.31× | ||
| Q2 25 | 0.57× | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | 5.59× | 1.37× | ||
| Q3 24 | 0.13× | 2.80× | ||
| Q2 24 | — | — |
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
IIIV
| License And Service | $35.7M | 68% |
| Proprietary Payments Revenue | $14.5M | 27% |
| Other Revenue | $2.5M | 5% |
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
