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IONIS PHARMACEUTICALS INC（IONS）与Kosmos Energy Ltd.（KOS）财务数据对比。点击上方公司名可切换其他公司
Kosmos Energy Ltd.的季度营收约是IONIS PHARMACEUTICALS INC的1.4倍（$294.6M vs $203.3M），IONIS PHARMACEUTICALS INC同比增速更快（-10.3% vs -25.9%），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% vs -16.5%）
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。
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
IONS vs KOS — 直观对比
营收规模更大
KOS
是对方的1.4倍
$203.3M
营收增速更快
IONS
高出15.6%
-25.9%
两年增速更快
IONS
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $203.3M | $294.6M |
| 净利润 | $-229.4M | — |
| 毛利率 | 96.1% | — |
| 营业利润率 | -105.5% | -125.7% |
| 净利率 | -112.8% | — |
| 营收同比 | -10.3% | -25.9% |
| 净利润同比 | -119.8% | — |
| 每股收益（稀释后） | $-1.35 | $-0.80 |
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IONSKOS
| Q4 25 | $203.3M | $294.6M | ||
| Q3 25 | $156.7M | $311.0M | ||
| Q2 25 | $452.0M | $392.6M | ||
| Q1 25 | $131.6M | $290.1M | ||
| Q4 24 | $226.6M | $397.6M | ||
| Q3 24 | $133.8M | $407.8M | ||
| Q2 24 | $225.3M | $447.8M | ||
| Q1 24 | $119.5M | $422.3M |
净利润IONSKOS
| Q4 25 | $-229.4M | — | ||
| Q3 25 | $-128.6M | $-124.3M | ||
| Q2 25 | $123.6M | $-87.7M | ||
| Q1 25 | $-146.9M | $-110.6M | ||
| Q4 24 | $-104.3M | — | ||
| Q3 24 | $-140.5M | $45.0M | ||
| Q2 24 | $-66.3M | $59.8M | ||
| Q1 24 | $-142.8M | $91.7M |
毛利率IONSKOS
| Q4 25 | 96.1% | — | ||
| Q3 25 | 98.5% | — | ||
| Q2 25 | 99.1% | — | ||
| Q1 25 | 98.9% | — | ||
| Q4 24 | 98.3% | — | ||
| Q3 24 | 99.2% | — | ||
| Q2 24 | 98.2% | — | ||
| Q1 24 | 98.2% | — |
营业利润率IONSKOS
| Q4 25 | -105.5% | -125.7% | ||
| Q3 25 | -102.2% | -34.2% | ||
| Q2 25 | 30.9% | -16.2% | ||
| Q1 25 | -111.6% | -32.4% | ||
| Q4 24 | -48.9% | -8.5% | ||
| Q3 24 | -111.1% | 26.1% | ||
| Q2 24 | -29.3% | 30.2% | ||
| Q1 24 | -125.1% | 33.6% |
净利率IONSKOS
| Q4 25 | -112.8% | — | ||
| Q3 25 | -82.1% | -40.0% | ||
| Q2 25 | 27.3% | -22.3% | ||
| Q1 25 | -111.6% | -38.1% | ||
| Q4 24 | -46.1% | — | ||
| Q3 24 | -105.0% | 11.0% | ||
| Q2 24 | -29.4% | 13.3% | ||
| Q1 24 | -119.5% | 21.7% |
每股收益（稀释后）IONSKOS
| Q4 25 | $-1.35 | $-0.80 | ||
| Q3 25 | $-0.80 | $-0.26 | ||
| Q2 25 | $0.70 | $-0.18 | ||
| Q1 25 | $-0.93 | $-0.23 | ||
| Q4 24 | $-0.66 | $0.00 | ||
| Q3 24 | $-0.95 | $0.09 | ||
| Q2 24 | $-0.45 | $0.12 | ||
| Q1 24 | $-0.98 | $0.19 |
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 | $91.5M |
| 总债务越低越好 | $1.8B | $3.1B |
| 股东权益账面价值 | $489.1M | $528.6M |
| 总资产 | $3.5B | $4.7B |
| 负债/权益比越低杠杆越低 | 3.71× | 5.78× |
8季度趋势，按日历期对齐
现金及短期投资IONSKOS
| Q4 25 | $2.7B | $91.5M | ||
| Q3 25 | $2.2B | $64.0M | ||
| Q2 25 | $2.3B | $51.7M | ||
| Q1 25 | $2.1B | $49.8M | ||
| Q4 24 | $2.3B | $85.0M | ||
| Q3 24 | $2.5B | $51.6M | ||
| Q2 24 | $2.1B | $173.8M | ||
| Q1 24 | $2.2B | $254.3M |
总债务IONSKOS
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IONSKOS
| Q4 25 | $489.1M | $528.6M | ||
| Q3 25 | $618.0M | $898.8M | ||
| Q2 25 | $631.7M | $1.0B | ||
| Q1 25 | $475.7M | $1.1B | ||
| Q4 24 | $588.4M | $1.2B | ||
| Q3 24 | $662.5M | $1.2B | ||
| Q2 24 | $263.7M | $1.1B | ||
| Q1 24 | $296.5M | $1.1B |
总资产IONSKOS
| Q4 25 | $3.5B | $4.7B | ||
| Q3 25 | $3.0B | $5.1B | ||
| Q2 25 | $3.0B | $5.2B | ||
| Q1 25 | $2.8B | $5.3B | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $2.7B | $5.4B | ||
| Q1 24 | $2.8B | $5.4B |
负债/权益比IONSKOS
| Q4 25 | 3.71× | 5.78× | ||
| Q3 25 | — | 3.31× | ||
| Q2 25 | — | 2.80× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.13× | 2.29× | ||
| 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 | $35.3M |
| 自由现金流经营现金流 - 资本支出 | $-159.0M | — |
| 自由现金流率自由现金流/营收 | -78.2% | — |
| 资本支出强度资本支出/营收 | 10.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-320.0M | — |
8季度趋势，按日历期对齐
经营现金流IONSKOS
| Q4 25 | $-137.7M | $35.3M | ||
| Q3 25 | $-131.4M | $-27.6M | ||
| Q2 25 | $151.3M | $127.2M | ||
| Q1 25 | $-150.8M | $-888.0K | ||
| Q4 24 | $-116.1M | $175.7M | ||
| Q3 24 | $-115.0M | $6.3M | ||
| Q2 24 | $-119.9M | $223.7M | ||
| Q1 24 | $-149.9M | $272.6M |
自由现金流IONSKOS
| Q4 25 | $-159.0M | — | ||
| Q3 25 | $-136.7M | — | ||
| Q2 25 | $139.0M | — | ||
| Q1 25 | $-163.4M | — | ||
| Q4 24 | $-141.6M | — | ||
| Q3 24 | $-124.0M | — | ||
| Q2 24 | $-126.1M | — | ||
| Q1 24 | $-154.4M | — |
自由现金流率IONSKOS
| Q4 25 | -78.2% | — | ||
| Q3 25 | -87.2% | — | ||
| Q2 25 | 30.8% | — | ||
| Q1 25 | -124.1% | — | ||
| Q4 24 | -62.5% | — | ||
| Q3 24 | -92.7% | — | ||
| Q2 24 | -56.0% | — | ||
| Q1 24 | -129.2% | — |
资本支出强度IONSKOS
| Q4 25 | 10.5% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 3.8% | — |
现金转化率IONSKOS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 3.74× | ||
| Q1 24 | — | 2.97× |
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% |
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
