vs
IONIS PHARMACEUTICALS INC（IONS）与Penguin Solutions, Inc.（PENG）财务数据对比。点击上方公司名可切换其他公司
Penguin Solutions, Inc.的季度营收约是IONIS PHARMACEUTICALS INC的1.7倍（$343.1M vs $203.3M），Penguin Solutions, Inc.净利率更高（1.5% vs -112.8%，领先114.4%），Penguin Solutions, Inc.同比增速更快（0.6% vs -10.3%），Penguin Solutions, Inc.自由现金流更多（$28.2M vs $-159.0M），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% vs 11.8%）
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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
IONS vs PENG — 直观对比
营收规模更大
PENG
是对方的1.7倍
$203.3M
营收增速更快
PENG
高出10.8%
-10.3%
净利率更高
PENG
高出114.4%
-112.8%
自由现金流更多
PENG
多$187.2M
$-159.0M
两年增速更快
IONS
近两年复合增速
11.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $203.3M | $343.1M |
| 净利润 | $-229.4M | $5.3M |
| 毛利率 | 96.1% | 28.0% |
| 营业利润率 | -105.5% | 5.7% |
| 净利率 | -112.8% | 1.5% |
| 营收同比 | -10.3% | 0.6% |
| 净利润同比 | -119.8% | 1.0% |
| 每股收益（稀释后） | $-1.35 | $0.04 |
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IONSPENG
| Q4 25 | $203.3M | $343.1M | ||
| Q3 25 | $156.7M | $337.9M | ||
| Q2 25 | $452.0M | $324.3M | ||
| Q1 25 | $131.6M | $365.5M | ||
| Q4 24 | $226.6M | $341.1M | ||
| Q3 24 | $133.8M | $284.8M | ||
| Q2 24 | $225.3M | $300.6M | ||
| Q1 24 | $119.5M | — |
净利润IONSPENG
| Q4 25 | $-229.4M | $5.3M | ||
| Q3 25 | $-128.6M | $9.4M | ||
| Q2 25 | $123.6M | $2.7M | ||
| Q1 25 | $-146.9M | $8.1M | ||
| Q4 24 | $-104.3M | $5.2M | ||
| Q3 24 | $-140.5M | — | ||
| Q2 24 | $-66.3M | $5.6M | ||
| Q1 24 | $-142.8M | — |
毛利率IONSPENG
| Q4 25 | 96.1% | 28.0% | ||
| Q3 25 | 98.5% | 28.6% | ||
| Q2 25 | 99.1% | 29.3% | ||
| Q1 25 | 98.9% | 28.6% | ||
| Q4 24 | 98.3% | 28.7% | ||
| Q3 24 | 99.2% | 28.8% | ||
| Q2 24 | 98.2% | 29.6% | ||
| Q1 24 | 98.2% | — |
营业利润率IONSPENG
| Q4 25 | -105.5% | 5.7% | ||
| Q3 25 | -102.2% | 3.7% | ||
| Q2 25 | 30.9% | 3.0% | ||
| Q1 25 | -111.6% | 5.1% | ||
| Q4 24 | -48.9% | 5.1% | ||
| Q3 24 | -111.1% | -1.2% | ||
| Q2 24 | -29.3% | 3.8% | ||
| Q1 24 | -125.1% | — |
净利率IONSPENG
| Q4 25 | -112.8% | 1.5% | ||
| Q3 25 | -82.1% | 2.8% | ||
| Q2 25 | 27.3% | 0.8% | ||
| Q1 25 | -111.6% | 2.2% | ||
| Q4 24 | -46.1% | 1.5% | ||
| Q3 24 | -105.0% | — | ||
| Q2 24 | -29.4% | 1.9% | ||
| Q1 24 | -119.5% | — |
每股收益（稀释后）IONSPENG
| Q4 25 | $-1.35 | $0.04 | ||
| Q3 25 | $-0.80 | $0.10 | ||
| Q2 25 | $0.70 | $-0.01 | ||
| Q1 25 | $-0.93 | $0.09 | ||
| Q4 24 | $-0.66 | $0.10 | ||
| Q3 24 | $-0.95 | — | ||
| Q2 24 | $-0.45 | $0.10 | ||
| Q1 24 | $-0.98 | — |
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 | $461.5M |
| 总债务越低越好 | $1.8B | $462.3M |
| 股东权益账面价值 | $489.1M | $389.7M |
| 总资产 | $3.5B | $1.6B |
| 负债/权益比越低杠杆越低 | 3.71× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资IONSPENG
| Q4 25 | $2.7B | $461.5M | ||
| Q3 25 | $2.2B | $453.8M | ||
| Q2 25 | $2.3B | $735.5M | ||
| Q1 25 | $2.1B | $647.0M | ||
| Q4 24 | $2.3B | $393.7M | ||
| Q3 24 | $2.5B | $389.5M | ||
| Q2 24 | $2.1B | $467.5M | ||
| Q1 24 | $2.2B | — |
总债务IONSPENG
| Q4 25 | $1.8B | $462.3M | ||
| Q3 25 | — | $461.8M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $658.8M | ||
| Q4 24 | $1.3B | $658.1M | ||
| Q3 24 | — | $657.3M | ||
| Q2 24 | — | $667.0M | ||
| Q1 24 | — | — |
股东权益IONSPENG
| Q4 25 | $489.1M | $389.7M | ||
| Q3 25 | $618.0M | $394.2M | ||
| Q2 25 | $631.7M | $584.8M | ||
| Q1 25 | $475.7M | $602.5M | ||
| Q4 24 | $588.4M | $400.4M | ||
| Q3 24 | $662.5M | $391.4M | ||
| Q2 24 | $263.7M | $423.4M | ||
| Q1 24 | $296.5M | — |
总资产IONSPENG
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.8B | — |
负债/权益比IONSPENG
| Q4 25 | 3.71× | 1.19× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | 2.13× | 1.64× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 1.58× | ||
| 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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $-159.0M | $28.2M |
| 自由现金流率自由现金流/营收 | -78.2% | 8.2% |
| 资本支出强度资本支出/营收 | 10.5% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $-320.0M | $116.3M |
8季度趋势，按日历期对齐
经营现金流IONSPENG
| Q4 25 | $-137.7M | $31.1M | ||
| Q3 25 | $-131.4M | $-70.4M | ||
| Q2 25 | $151.3M | $92.8M | ||
| Q1 25 | $-150.8M | $72.9M | ||
| Q4 24 | $-116.1M | $13.8M | ||
| Q3 24 | $-115.0M | — | ||
| Q2 24 | $-119.9M | $57.9M | ||
| Q1 24 | $-149.9M | — |
自由现金流IONSPENG
| Q4 25 | $-159.0M | $28.2M | ||
| Q3 25 | $-136.7M | $-73.4M | ||
| Q2 25 | $139.0M | $90.9M | ||
| Q1 25 | $-163.4M | $70.5M | ||
| Q4 24 | $-141.6M | $12.0M | ||
| Q3 24 | $-124.0M | — | ||
| Q2 24 | $-126.1M | $48.9M | ||
| Q1 24 | $-154.4M | — |
自由现金流率IONSPENG
| Q4 25 | -78.2% | 8.2% | ||
| Q3 25 | -87.2% | -21.7% | ||
| Q2 25 | 30.8% | 28.0% | ||
| Q1 25 | -124.1% | 19.3% | ||
| Q4 24 | -62.5% | 3.5% | ||
| Q3 24 | -92.7% | — | ||
| Q2 24 | -56.0% | 16.3% | ||
| Q1 24 | -129.2% | — |
资本支出强度IONSPENG
| Q4 25 | 10.5% | 0.8% | ||
| Q3 25 | 3.4% | 0.9% | ||
| Q2 25 | 2.7% | 0.6% | ||
| Q1 25 | 9.6% | 0.6% | ||
| Q4 24 | 11.3% | 0.5% | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 2.8% | 3.0% | ||
| Q1 24 | 3.8% | — |
现金转化率IONSPENG
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | -7.47× | ||
| Q2 25 | 1.22× | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.30× | ||
| 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
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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
