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IONIS PHARMACEUTICALS INC（IONS）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是IONIS PHARMACEUTICALS INC的1.7倍（$343.8M vs $203.3M），J&J SNACK FOODS CORP净利率更高（0.3% vs -112.8%，领先113.1%），J&J SNACK FOODS CORP同比增速更快（-5.2% vs -10.3%），J&J SNACK FOODS CORP自由现金流更多（$17.0M vs $-159.0M），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% vs -2.2%）
IONIS制药是1989年成立的生物科技企业，总部位于美国加利福尼亚州卡尔斯巴德，专注于反义疗法、RNA干扰及CRISPR疗法的研发，2015年12月前曾以Isis制药的名称运营。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
IONS vs JJSF — 直观对比
营收规模更大
JJSF
是对方的1.7倍
$203.3M
营收增速更快
JJSF
高出5.1%
-10.3%
净利率更高
JJSF
高出113.1%
-112.8%
自由现金流更多
JJSF
多$176.0M
$-159.0M
两年增速更快
IONS
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $203.3M | $343.8M |
| 净利润 | $-229.4M | $883.0K |
| 毛利率 | 96.1% | 27.9% |
| 营业利润率 | -105.5% | 0.2% |
| 净利率 | -112.8% | 0.3% |
| 营收同比 | -10.3% | -5.2% |
| 净利润同比 | -119.8% | -82.8% |
| 每股收益（稀释后） | $-1.35 | $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IONSJJSF
| Q4 25 | $203.3M | $343.8M | ||
| Q3 25 | $156.7M | $410.2M | ||
| Q2 25 | $452.0M | $454.3M | ||
| Q1 25 | $131.6M | $356.1M | ||
| Q4 24 | $226.6M | $362.6M | ||
| Q3 24 | $133.8M | $426.8M | ||
| Q2 24 | $225.3M | $440.0M | ||
| Q1 24 | $119.5M | $359.7M |
净利润IONSJJSF
| Q4 25 | $-229.4M | $883.0K | ||
| Q3 25 | $-128.6M | $11.4M | ||
| Q2 25 | $123.6M | $44.2M | ||
| Q1 25 | $-146.9M | $4.8M | ||
| Q4 24 | $-104.3M | $5.1M | ||
| Q3 24 | $-140.5M | $29.6M | ||
| Q2 24 | $-66.3M | $36.3M | ||
| Q1 24 | $-142.8M | $13.3M |
毛利率IONSJJSF
| Q4 25 | 96.1% | 27.9% | ||
| Q3 25 | 98.5% | 31.7% | ||
| Q2 25 | 99.1% | 33.0% | ||
| Q1 25 | 98.9% | 26.9% | ||
| Q4 24 | 98.3% | 25.9% | ||
| Q3 24 | 99.2% | 31.8% | ||
| Q2 24 | 98.2% | 33.6% | ||
| Q1 24 | 98.2% | 30.1% |
营业利润率IONSJJSF
| Q4 25 | -105.5% | 0.2% | ||
| Q3 25 | -102.2% | 2.8% | ||
| Q2 25 | 30.9% | 13.3% | ||
| Q1 25 | -111.6% | 1.7% | ||
| Q4 24 | -48.9% | 1.7% | ||
| Q3 24 | -111.1% | 9.3% | ||
| Q2 24 | -29.3% | 11.4% | ||
| Q1 24 | -125.1% | 5.0% |
净利率IONSJJSF
| Q4 25 | -112.8% | 0.3% | ||
| Q3 25 | -82.1% | 2.8% | ||
| Q2 25 | 27.3% | 9.7% | ||
| Q1 25 | -111.6% | 1.4% | ||
| Q4 24 | -46.1% | 1.4% | ||
| Q3 24 | -105.0% | 6.9% | ||
| Q2 24 | -29.4% | 8.3% | ||
| Q1 24 | -119.5% | 3.7% |
每股收益（稀释后）IONSJJSF
| Q4 25 | $-1.35 | $0.05 | ||
| Q3 25 | $-0.80 | $0.59 | ||
| Q2 25 | $0.70 | $2.26 | ||
| Q1 25 | $-0.93 | $0.25 | ||
| Q4 24 | $-0.66 | $0.26 | ||
| Q3 24 | $-0.95 | $1.52 | ||
| Q2 24 | $-0.45 | $1.87 | ||
| Q1 24 | $-0.98 | $0.69 |
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 | $2.7B | $66.8M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $489.1M | $912.9M |
| 总资产 | $3.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 3.71× | — |
8季度趋势，按日历期对齐
现金及短期投资IONSJJSF
| Q4 25 | $2.7B | $66.8M | ||
| Q3 25 | $2.2B | $105.9M | ||
| Q2 25 | $2.3B | $77.4M | ||
| Q1 25 | $2.1B | $48.5M | ||
| Q4 24 | $2.3B | $73.6M | ||
| Q3 24 | $2.5B | $73.4M | ||
| Q2 24 | $2.1B | $64.0M | ||
| Q1 24 | $2.2B | $43.6M |
总债务IONSJJSF
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IONSJJSF
| Q4 25 | $489.1M | $912.9M | ||
| Q3 25 | $618.0M | $966.7M | ||
| Q2 25 | $631.7M | $969.9M | ||
| Q1 25 | $475.7M | $935.0M | ||
| Q4 24 | $588.4M | $946.8M | ||
| Q3 24 | $662.5M | $957.0M | ||
| Q2 24 | $263.7M | $937.9M | ||
| Q1 24 | $296.5M | $915.7M |
总资产IONSJJSF
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.8B | $1.3B |
负债/权益比IONSJJSF
| Q4 25 | 3.71× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-137.7M | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $-159.0M | $17.0M |
| 自由现金流率自由现金流/营收 | -78.2% | 4.9% |
| 资本支出强度资本支出/营收 | 10.5% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 40.73× |
| 过去12个月自由现金流最近4个季度 | $-320.0M | $83.1M |
8季度趋势，按日历期对齐
经营现金流IONSJJSF
| Q4 25 | $-137.7M | $36.0M | ||
| Q3 25 | $-131.4M | $66.4M | ||
| Q2 25 | $151.3M | $51.2M | ||
| Q1 25 | $-150.8M | $12.3M | ||
| Q4 24 | $-116.1M | $35.2M | ||
| Q3 24 | $-115.0M | $46.3M | ||
| Q2 24 | $-119.9M | $65.0M | ||
| Q1 24 | $-149.9M | $12.7M |
自由现金流IONSJJSF
| Q4 25 | $-159.0M | $17.0M | ||
| Q3 25 | $-136.7M | $44.8M | ||
| Q2 25 | $139.0M | $28.5M | ||
| Q1 25 | $-163.4M | $-7.2M | ||
| Q4 24 | $-141.6M | $16.1M | ||
| Q3 24 | $-124.0M | $29.1M | ||
| Q2 24 | $-126.1M | $45.3M | ||
| Q1 24 | $-154.4M | $-4.0M |
自由现金流率IONSJJSF
| Q4 25 | -78.2% | 4.9% | ||
| Q3 25 | -87.2% | 10.9% | ||
| Q2 25 | 30.8% | 6.3% | ||
| Q1 25 | -124.1% | -2.0% | ||
| Q4 24 | -62.5% | 4.4% | ||
| Q3 24 | -92.7% | 6.8% | ||
| Q2 24 | -56.0% | 10.3% | ||
| Q1 24 | -129.2% | -1.1% |
资本支出强度IONSJJSF
| Q4 25 | 10.5% | 5.5% | ||
| Q3 25 | 3.4% | 5.3% | ||
| Q2 25 | 2.7% | 5.0% | ||
| Q1 25 | 9.6% | 5.5% | ||
| Q4 24 | 11.3% | 5.3% | ||
| Q3 24 | 6.8% | 4.0% | ||
| Q2 24 | 2.8% | 4.5% | ||
| Q1 24 | 3.8% | 4.6% |
现金转化率IONSJJSF
| Q4 25 | — | 40.73× | ||
| Q3 25 | — | 5.84× | ||
| Q2 25 | 1.22× | 1.16× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 6.84× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | — | 0.96× |
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
IONS
| Products | $58.0M | 29% |
| Spinraza Royalties | $54.0M | 27% |
| Collaborative Agreement Revenue | $52.4M | 26% |
| Wainus Royalties | $16.0M | 8% |
| Wainua Joint Development Revenue | $9.6M | 5% |
| Other Commercial | $7.6M | 4% |
| Other Royalties | $5.7M | 3% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
