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因美纳（ILMN）与普尔斯马特（PSMT）财务数据对比。点击上方公司名可切换其他公司
普尔斯马特的季度营收约是因美纳的1.2倍（$1.4B vs $1.2B），因美纳净利率更高（28.8% vs 2.9%，领先25.9%），普尔斯马特同比增速更快（9.9% vs 5.0%），因美纳自由现金流更多（$267.0M vs $32.6M），过去两年普尔斯马特的营收复合增速更高（3.5% vs -0.7%）
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
ILMN vs PSMT — 直观对比
营收规模更大
PSMT
是对方的1.2倍
$1.2B
营收增速更快
PSMT
高出4.9%
5.0%
净利率更高
ILMN
高出25.9%
2.9%
自由现金流更多
ILMN
多$234.4M
$32.6M
两年增速更快
PSMT
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $334.0M | $40.2M |
| 毛利率 | 65.5% | 17.7% |
| 营业利润率 | 17.4% | 4.6% |
| 净利率 | 28.8% | 2.9% |
| 营收同比 | 5.0% | 9.9% |
| 净利润同比 | 185.5% | 7.3% |
| 每股收益（稀释后） | $2.16 | $1.29 |
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ILMNPSMT
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润ILMNPSMT
| Q4 25 | $334.0M | $40.2M | ||
| Q3 25 | — | $31.5M | ||
| Q2 25 | — | $35.2M | ||
| Q1 25 | — | $43.8M | ||
| Q4 24 | $186.0M | $37.4M | ||
| Q3 24 | $705.0M | $29.1M | ||
| Q2 24 | $-2.0B | $32.5M | ||
| Q1 24 | $-126.0M | $39.3M |
毛利率ILMNPSMT
| Q4 25 | 65.5% | 17.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | 65.9% | 17.4% | ||
| Q3 24 | 69.0% | — | ||
| Q2 24 | 64.8% | — | ||
| Q1 24 | 62.0% | — |
营业利润率ILMNPSMT
| Q4 25 | 17.4% | 4.6% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 15.8% | 4.6% | ||
| Q3 24 | 68.6% | 4.0% | ||
| Q2 24 | -147.2% | 4.1% | ||
| Q1 24 | -10.3% | 4.9% |
净利率ILMNPSMT
| Q4 25 | 28.8% | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 16.8% | 3.0% | ||
| Q3 24 | 65.3% | 2.4% | ||
| Q2 24 | -178.8% | 2.6% | ||
| Q1 24 | -11.7% | 3.0% |
每股收益（稀释后）ILMNPSMT
| Q4 25 | $2.16 | $1.29 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $1.14 | ||
| Q1 25 | — | $1.45 | ||
| Q4 24 | $1.16 | $1.21 | ||
| Q3 24 | $4.42 | $0.94 | ||
| Q2 24 | $-12.48 | $1.08 | ||
| Q1 24 | $-0.79 | $1.31 |
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 | $1.6B | $320.6M |
| 总债务越低越好 | — | $180.3M |
| 股东权益账面价值 | $2.7B | $1.3B |
| 总资产 | $6.6B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资ILMNPSMT
| Q4 25 | $1.6B | $320.6M | ||
| Q3 25 | — | $314.2M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $247.3M | ||
| Q4 24 | $93.0M | $222.2M | ||
| Q3 24 | $70.0M | $225.5M | ||
| Q2 24 | $74.0M | $228.2M | ||
| Q1 24 | — | $264.2M |
总债务ILMNPSMT
| Q4 25 | — | $180.3M | ||
| Q3 25 | — | $186.6M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $107.1M | ||
| Q4 24 | — | $115.6M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $135.1M | ||
| Q1 24 | — | $140.0M |
股东权益ILMNPSMT
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $5.7B | $1.1B |
总资产ILMNPSMT
| Q4 25 | $6.6B | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $6.3B | $2.1B | ||
| Q3 24 | $6.0B | $2.0B | ||
| Q2 24 | $6.1B | $2.0B | ||
| Q1 24 | $10.0B | $2.0B |
负债/权益比ILMNPSMT
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
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 | $321.0M | $71.2M |
| 自由现金流经营现金流 - 资本支出 | $267.0M | $32.6M |
| 自由现金流率自由现金流/营收 | 23.0% | 2.4% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 0.96× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $935.0M | $125.5M |
8季度趋势，按日历期对齐
经营现金流ILMNPSMT
| Q4 25 | $321.0M | $71.2M | ||
| Q3 25 | — | $82.1M | ||
| Q2 25 | — | $52.8M | ||
| Q1 25 | — | $87.9M | ||
| Q4 24 | $364.0M | $38.5M | ||
| Q3 24 | $316.0M | $41.8M | ||
| Q2 24 | $80.0M | $38.1M | ||
| Q1 24 | $77.0M | $86.6M |
自由现金流ILMNPSMT
| Q4 25 | $267.0M | $32.6M | ||
| Q3 25 | — | $25.6M | ||
| Q2 25 | — | $14.0M | ||
| Q1 25 | — | $53.2M | ||
| Q4 24 | $335.0M | $10.3M | ||
| Q3 24 | $284.0M | $15.2M | ||
| Q2 24 | $49.0M | $-308.0K | ||
| Q1 24 | $41.0M | $16.4M |
自由现金流率ILMNPSMT
| Q4 25 | 23.0% | 2.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | 30.3% | 0.8% | ||
| Q3 24 | 26.3% | 1.2% | ||
| Q2 24 | 4.4% | -0.0% | ||
| Q1 24 | 3.8% | 1.3% |
资本支出强度ILMNPSMT
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 3.0% | 2.2% | ||
| Q2 24 | 2.8% | 3.1% | ||
| Q1 24 | 3.3% | 5.4% |
现金转化率ILMNPSMT
| Q4 25 | 0.96× | 1.77× | ||
| Q3 25 | — | 2.60× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | 1.96× | 1.03× | ||
| Q3 24 | 0.45× | 1.44× | ||
| Q2 24 | — | 1.17× | ||
| Q1 24 | — | 2.20× |
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
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
