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Inogen Inc（INGN）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
Inogen Inc的季度营收约是花花公子的2.0倍（$68.6M vs $34.9M），花花公子同比增速更快（4.2% vs 3.4%），花花公子自由现金流更多（$1.1M vs $-1.9M），过去两年花花公子的营收复合增速更高（11.0% vs 4.2%）
Inogen Inc是一家专注于呼吸医疗设备领域的医疗科技企业，主要研发、生产和销售便携式制氧机及配套呼吸护理产品，面向北美、欧洲等地区需要长期氧疗的慢性呼吸系统疾病患者，服务居家及出行场景，提升用户生活质量。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
INGN vs PLBY — 直观对比
营收规模更大
INGN
是对方的2.0倍
$34.9M
营收增速更快
PLBY
高出0.8%
3.4%
自由现金流更多
PLBY
多$3.0M
$-1.9M
两年增速更快
PLBY
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $68.6M | $34.9M |
| 净利润 | — | $3.6M |
| 毛利率 | 51.4% | 73.3% |
| 营业利润率 | -13.6% | 7.9% |
| 净利率 | — | 10.3% |
| 营收同比 | 3.4% | 4.2% |
| 净利润同比 | — | 128.6% |
| 每股收益（稀释后） | $-0.26 | $0.05 |
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INGNPLBY
| Q4 25 | $68.6M | $34.9M | ||
| Q3 25 | $79.1M | $29.0M | ||
| Q2 25 | $79.2M | $28.1M | ||
| Q1 25 | $68.5M | $28.9M | ||
| Q4 24 | $66.3M | $33.5M | ||
| Q3 24 | $74.9M | $29.4M | ||
| Q2 24 | $74.4M | $24.9M | ||
| Q1 24 | $63.1M | $28.3M |
净利润INGNPLBY
| Q4 25 | — | $3.6M | ||
| Q3 25 | $-5.3M | $460.0K | ||
| Q2 25 | $-4.2M | $-7.7M | ||
| Q1 25 | $-6.2M | $-9.0M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | $-6.0M | $-33.8M | ||
| Q2 24 | $-5.6M | $-16.7M | ||
| Q1 24 | $-14.6M | $-16.4M |
毛利率INGNPLBY
| Q4 25 | 51.4% | 73.3% | ||
| Q3 25 | 52.2% | 76.0% | ||
| Q2 25 | 52.2% | 65.4% | ||
| Q1 25 | 53.1% | 68.6% | ||
| Q4 24 | 54.7% | 70.8% | ||
| Q3 24 | 55.2% | 61.0% | ||
| Q2 24 | 57.4% | 67.8% | ||
| Q1 24 | 54.5% | 55.8% |
营业利润率INGNPLBY
| Q4 25 | -13.6% | 7.9% | ||
| Q3 25 | -9.0% | 4.7% | ||
| Q2 25 | -7.7% | -20.9% | ||
| Q1 25 | -11.2% | -21.7% | ||
| Q4 24 | -17.2% | -13.3% | ||
| Q3 24 | -10.4% | -96.0% | ||
| Q2 24 | -9.5% | -37.0% | ||
| Q1 24 | -25.8% | -31.5% |
净利率INGNPLBY
| Q4 25 | — | 10.3% | ||
| Q3 25 | -6.7% | 1.6% | ||
| Q2 25 | -5.2% | -27.3% | ||
| Q1 25 | -9.0% | -31.3% | ||
| Q4 24 | — | -37.4% | ||
| Q3 24 | -8.0% | -114.7% | ||
| Q2 24 | -7.5% | -66.9% | ||
| Q1 24 | -23.1% | -58.1% |
每股收益（稀释后）INGNPLBY
| Q4 25 | $-0.26 | $0.05 | ||
| Q3 25 | $-0.20 | $0.00 | ||
| Q2 25 | $-0.15 | $-0.08 | ||
| Q1 25 | $-0.25 | $-0.10 | ||
| Q4 24 | $-0.41 | $-0.13 | ||
| Q3 24 | $-0.25 | $-0.45 | ||
| Q2 24 | $-0.24 | $-0.23 | ||
| Q1 24 | $-0.62 | $-0.23 |
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 | $103.7M | $37.8M |
| 总债务越低越好 | — | $174.2M |
| 股东权益账面价值 | $192.2M | $18.4M |
| 总资产 | $298.6M | $292.4M |
| 负债/权益比越低杠杆越低 | — | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资INGNPLBY
| Q4 25 | $103.7M | $37.8M | ||
| Q3 25 | $106.5M | $27.5M | ||
| Q2 25 | $103.7M | $19.6M | ||
| Q1 25 | $118.9M | $23.7M | ||
| Q4 24 | $113.8M | $30.9M | ||
| Q3 24 | $105.7M | $9.5M | ||
| Q2 24 | $97.9M | $16.9M | ||
| Q1 24 | $107.4M | $19.0M |
总债务INGNPLBY
| Q4 25 | — | $174.2M | ||
| Q3 25 | — | $176.8M | ||
| Q2 25 | — | $177.5M | ||
| Q1 25 | — | $176.3M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $193.4M |
股东权益INGNPLBY
| Q4 25 | $192.2M | $18.4M | ||
| Q3 25 | $197.2M | $3.8M | ||
| Q2 25 | $199.5M | $-17.5M | ||
| Q1 25 | $198.0M | $-11.4M | ||
| Q4 24 | $173.9M | $-7.7M | ||
| Q3 24 | $185.4M | $-15.7M | ||
| Q2 24 | $187.6M | $15.7M | ||
| Q1 24 | $191.9M | $29.5M |
总资产INGNPLBY
| Q4 25 | $298.6M | $292.4M | ||
| Q3 25 | $307.0M | $278.3M | ||
| Q2 25 | $312.0M | $264.1M | ||
| Q1 25 | $308.4M | $270.6M | ||
| Q4 24 | $296.2M | $284.7M | ||
| Q3 24 | $306.2M | $271.5M | ||
| Q2 24 | $308.9M | $301.8M | ||
| Q1 24 | $315.6M | $309.1M |
负债/权益比INGNPLBY
| Q4 25 | — | 9.48× | ||
| Q3 25 | — | 46.86× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.51× | ||
| Q1 24 | — | 6.54× |
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 | $-943.0K | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $1.1M |
| 自由现金流率自由现金流/营收 | -2.8% | 3.2% |
| 资本支出强度资本支出/营收 | 1.4% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-13.7M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流INGNPLBY
| Q4 25 | $-943.0K | $1.4M | ||
| Q3 25 | $2.2M | $10.1M | ||
| Q2 25 | $4.3M | $-3.9M | ||
| Q1 25 | $-16.8M | $-7.6M | ||
| Q4 24 | $-3.0M | $161.0K | ||
| Q3 24 | $7.0M | $-6.5M | ||
| Q2 24 | $6.7M | $-3.0M | ||
| Q1 24 | $-4.7M | $-9.8M |
自由现金流INGNPLBY
| Q4 25 | $-1.9M | $1.1M | ||
| Q3 25 | $1.6M | $9.8M | ||
| Q2 25 | $3.7M | $-4.3M | ||
| Q1 25 | $-17.1M | $-7.7M | ||
| Q4 24 | $-3.3M | $-401.0K | ||
| Q3 24 | $5.3M | $-7.0M | ||
| Q2 24 | $6.6M | $-3.7M | ||
| Q1 24 | $-6.1M | $-10.3M |
自由现金流率INGNPLBY
| Q4 25 | -2.8% | 3.2% | ||
| Q3 25 | 2.0% | 33.8% | ||
| Q2 25 | 4.6% | -15.2% | ||
| Q1 25 | -24.9% | -26.5% | ||
| Q4 24 | -5.0% | -1.2% | ||
| Q3 24 | 7.1% | -23.7% | ||
| Q2 24 | 8.9% | -14.8% | ||
| Q1 24 | -9.6% | -36.5% |
资本支出强度INGNPLBY
| Q4 25 | 1.4% | 0.8% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.9% | 1.4% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 0.5% | 1.7% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 0.1% | 2.6% | ||
| Q1 24 | 2.1% | 2.1% |
现金转化率INGNPLBY
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 22.02× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
