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IonQ, Inc.（IONQ）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
IonQ, Inc.的季度营收约是花花公子的1.8倍（$61.9M vs $34.9M），IonQ, Inc.净利率更高（1217.8% vs 10.3%，领先1207.5%），IonQ, Inc.同比增速更快（428.5% vs 4.2%），花花公子自由现金流更多（$1.1M vs $-83.3M）
IonQ是总部位于美国马里兰州科利奇帕克的量子计算软硬件企业，专注研发通用型离子阱量子计算机及配套软件，可实现量子线路的生成、优化与执行，为多领域量子计算落地应用提供核心技术支持。
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。
IONQ vs PLBY — 直观对比
营收规模更大
IONQ
是对方的1.8倍
$34.9M
营收增速更快
IONQ
高出424.3%
4.2%
净利率更高
IONQ
高出1207.5%
10.3%
自由现金流更多
PLBY
多$84.4M
$-83.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $34.9M |
| 净利润 | $753.7M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | -369.4% | 7.9% |
| 净利率 | 1217.8% | 10.3% |
| 营收同比 | 428.5% | 4.2% |
| 净利润同比 | 473.1% | 128.6% |
| 每股收益（稀释后） | $2.60 | $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IONQPLBY
| Q4 25 | $61.9M | $34.9M | ||
| Q3 25 | $39.9M | $29.0M | ||
| Q2 25 | $20.7M | $28.1M | ||
| Q1 25 | — | $28.9M | ||
| Q4 24 | $11.7M | $33.5M | ||
| Q3 24 | $12.4M | $29.4M | ||
| Q2 24 | $11.4M | $24.9M | ||
| Q1 24 | — | $28.3M |
净利润IONQPLBY
| Q4 25 | $753.7M | $3.6M | ||
| Q3 25 | $-1.1B | $460.0K | ||
| Q2 25 | $-176.8M | $-7.7M | ||
| Q1 25 | — | $-9.0M | ||
| Q4 24 | $-202.0M | $-12.5M | ||
| Q3 24 | $-52.5M | $-33.8M | ||
| Q2 24 | $-37.6M | $-16.7M | ||
| Q1 24 | — | $-16.4M |
毛利率IONQPLBY
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率IONQPLBY
| Q4 25 | -369.4% | 7.9% | ||
| Q3 25 | -423.5% | 4.7% | ||
| Q2 25 | -776.0% | -20.9% | ||
| Q1 25 | — | -21.7% | ||
| Q4 24 | -661.9% | -13.3% | ||
| Q3 24 | -428.5% | -96.0% | ||
| Q2 24 | -430.0% | -37.0% | ||
| Q1 24 | — | -31.5% |
净利率IONQPLBY
| Q4 25 | 1217.8% | 10.3% | ||
| Q3 25 | -2646.3% | 1.6% | ||
| Q2 25 | -854.5% | -27.3% | ||
| Q1 25 | — | -31.3% | ||
| Q4 24 | -1725.0% | -37.4% | ||
| Q3 24 | -423.4% | -114.7% | ||
| Q2 24 | -330.0% | -66.9% | ||
| Q1 24 | — | -58.1% |
每股收益（稀释后）IONQPLBY
| Q4 25 | $2.60 | $0.05 | ||
| Q3 25 | $-3.58 | $0.00 | ||
| Q2 25 | $-0.70 | $-0.08 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | $-0.95 | $-0.13 | ||
| Q3 24 | $-0.24 | $-0.45 | ||
| Q2 24 | $-0.18 | $-0.23 | ||
| Q1 24 | — | $-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 | $2.4B | $37.8M |
| 总债务越低越好 | — | $174.2M |
| 股东权益账面价值 | $3.8B | $18.4M |
| 总资产 | $6.6B | $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IONQPLBY
| Q4 25 | $2.4B | $37.8M | ||
| Q3 25 | $1.1B | $27.5M | ||
| Q2 25 | $546.9M | $19.6M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $340.3M | $30.9M | ||
| Q3 24 | $365.7M | $9.5M | ||
| Q2 24 | $369.8M | $16.9M | ||
| Q1 24 | — | $19.0M |
总债务IONQPLBY
| 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IONQPLBY
| Q4 25 | $3.8B | $18.4M | ||
| Q3 25 | $2.3B | $3.8M | ||
| Q2 25 | $1.2B | $-17.5M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | $383.9M | $-7.7M | ||
| Q3 24 | $435.7M | $-15.7M | ||
| Q2 24 | $463.3M | $15.7M | ||
| Q1 24 | — | $29.5M |
总资产IONQPLBY
| Q4 25 | $6.6B | $292.4M | ||
| Q3 25 | $4.3B | $278.3M | ||
| Q2 25 | $1.3B | $264.1M | ||
| Q1 25 | — | $270.6M | ||
| Q4 24 | $508.4M | $284.7M | ||
| Q3 24 | $497.9M | $271.5M | ||
| Q2 24 | $517.4M | $301.8M | ||
| Q1 24 | — | $309.1M |
负债/权益比IONQPLBY
| 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 | $-74.5M | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $1.1M |
| 自由现金流率自由现金流/营收 | -134.6% | 3.2% |
| 资本支出强度资本支出/营收 | 14.2% | 0.8% |
| 现金转化率经营现金流/净利润 | -0.10× | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-307.3M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流IONQPLBY
| Q4 25 | $-74.5M | $1.4M | ||
| Q3 25 | $-123.1M | $10.1M | ||
| Q2 25 | $-52.6M | $-3.9M | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | $-39.4M | $161.0K | ||
| Q3 24 | $-19.2M | $-6.5M | ||
| Q2 24 | $-26.6M | $-3.0M | ||
| Q1 24 | — | $-9.8M |
自由现金流IONQPLBY
| Q4 25 | $-83.3M | $1.1M | ||
| Q3 25 | $-127.2M | $9.8M | ||
| Q2 25 | $-53.8M | $-4.3M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | $-43.0M | $-401.0K | ||
| Q3 24 | $-23.0M | $-7.0M | ||
| Q2 24 | $-34.1M | $-3.7M | ||
| Q1 24 | — | $-10.3M |
自由现金流率IONQPLBY
| Q4 25 | -134.6% | 3.2% | ||
| Q3 25 | -319.1% | 33.8% | ||
| Q2 25 | -259.8% | -15.2% | ||
| Q1 25 | — | -26.5% | ||
| Q4 24 | -367.4% | -1.2% | ||
| Q3 24 | -185.3% | -23.7% | ||
| Q2 24 | -299.3% | -14.8% | ||
| Q1 24 | — | -36.5% |
资本支出强度IONQPLBY
| Q4 25 | 14.2% | 0.8% | ||
| Q3 25 | 10.4% | 1.1% | ||
| Q2 25 | 5.8% | 1.4% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 30.7% | 1.7% | ||
| Q3 24 | 30.4% | 1.5% | ||
| Q2 24 | 65.8% | 2.6% | ||
| Q1 24 | — | 2.1% |
现金转化率IONQPLBY
| Q4 25 | -0.10× | 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
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
