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IONIS PHARMACEUTICALS INC（IONS）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是IONIS PHARMACEUTICALS INC的1.7倍（$342.1M vs $203.3M），Stitch Fix, Inc.净利率更高（-1.9% vs -112.8%，领先111.0%），Stitch Fix, Inc.同比增速更快（7.3% vs -10.3%），Stitch Fix, Inc.自由现金流更多（$5.6M vs $-159.0M），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
IONS vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.7倍
$203.3M
营收增速更快
SFIX
高出17.6%
-10.3%
净利率更高
SFIX
高出111.0%
-112.8%
自由现金流更多
SFIX
多$164.6M
$-159.0M
两年增速更快
IONS
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $203.3M | $342.1M |
| 净利润 | $-229.4M | $-6.4M |
| 毛利率 | 96.1% | 43.6% |
| 营业利润率 | -105.5% | -2.5% |
| 净利率 | -112.8% | -1.9% |
| 营收同比 | -10.3% | 7.3% |
| 净利润同比 | -119.8% | -1.7% |
| 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IONSSFIX
| Q4 25 | $203.3M | $342.1M | ||
| Q3 25 | $156.7M | $311.2M | ||
| Q2 25 | $452.0M | $325.0M | ||
| Q1 25 | $131.6M | $312.1M | ||
| Q4 24 | $226.6M | $318.8M | ||
| Q3 24 | $133.8M | $319.6M | ||
| Q2 24 | $225.3M | $322.7M | ||
| Q1 24 | $119.5M | $330.4M |
净利润IONSSFIX
| Q4 25 | $-229.4M | $-6.4M | ||
| Q3 25 | $-128.6M | $-8.6M | ||
| Q2 25 | $123.6M | $-7.4M | ||
| Q1 25 | $-146.9M | $-6.5M | ||
| Q4 24 | $-104.3M | $-6.3M | ||
| Q3 24 | $-140.5M | $-36.5M | ||
| Q2 24 | $-66.3M | $-21.3M | ||
| Q1 24 | $-142.8M | $-35.5M |
毛利率IONSSFIX
| Q4 25 | 96.1% | 43.6% | ||
| Q3 25 | 98.5% | 43.6% | ||
| Q2 25 | 99.1% | 44.2% | ||
| Q1 25 | 98.9% | 44.5% | ||
| Q4 24 | 98.3% | 45.4% | ||
| Q3 24 | 99.2% | 44.6% | ||
| Q2 24 | 98.2% | 45.5% | ||
| Q1 24 | 98.2% | 43.4% |
营业利润率IONSSFIX
| Q4 25 | -105.5% | -2.5% | ||
| Q3 25 | -102.2% | -3.6% | ||
| Q2 25 | 30.9% | -3.0% | ||
| Q1 25 | -111.6% | -2.9% | ||
| Q4 24 | -48.9% | -2.8% | ||
| Q3 24 | -111.1% | -13.1% | ||
| Q2 24 | -29.3% | -7.7% | ||
| Q1 24 | -125.1% | -11.5% |
净利率IONSSFIX
| Q4 25 | -112.8% | -1.9% | ||
| Q3 25 | -82.1% | -2.8% | ||
| Q2 25 | 27.3% | -2.3% | ||
| Q1 25 | -111.6% | -2.1% | ||
| Q4 24 | -46.1% | -2.0% | ||
| Q3 24 | -105.0% | -11.4% | ||
| Q2 24 | -29.4% | -6.6% | ||
| Q1 24 | -119.5% | -10.8% |
每股收益（稀释后）IONSSFIX
| Q4 25 | $-1.35 | $-0.05 | ||
| Q3 25 | $-0.80 | $-0.06 | ||
| Q2 25 | $0.70 | $-0.06 | ||
| Q1 25 | $-0.93 | $-0.05 | ||
| Q4 24 | $-0.66 | $-0.05 | ||
| Q3 24 | $-0.95 | $-0.29 | ||
| Q2 24 | $-0.45 | $-0.18 | ||
| Q1 24 | $-0.98 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $489.1M | $204.1M |
| 总资产 | $3.5B | $530.7M |
| 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IONSSFIX
| Q4 25 | $2.7B | $244.2M | ||
| Q3 25 | $2.2B | $234.9M | ||
| Q2 25 | $2.3B | $234.2M | ||
| Q1 25 | $2.1B | $219.1M | ||
| Q4 24 | $2.3B | $253.3M | ||
| Q3 24 | $2.5B | $247.0M | ||
| Q2 24 | $2.1B | $244.5M | ||
| Q1 24 | $2.2B | $229.8M |
总债务IONSSFIX
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IONSSFIX
| Q4 25 | $489.1M | $204.1M | ||
| Q3 25 | $618.0M | $203.0M | ||
| Q2 25 | $631.7M | $200.4M | ||
| Q1 25 | $475.7M | $197.8M | ||
| Q4 24 | $588.4M | $190.5M | ||
| Q3 24 | $662.5M | $187.0M | ||
| Q2 24 | $263.7M | $208.9M | ||
| Q1 24 | $296.5M | $213.3M |
总资产IONSSFIX
| Q4 25 | $3.5B | $530.7M | ||
| Q3 25 | $3.0B | $480.6M | ||
| Q2 25 | $3.0B | $484.7M | ||
| Q1 25 | $2.8B | $472.6M | ||
| Q4 24 | $3.0B | $507.1M | ||
| Q3 24 | $3.1B | $486.9M | ||
| Q2 24 | $2.7B | $537.0M | ||
| Q1 24 | $2.8B | $538.3M |
负债/权益比IONSSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $-159.0M | $5.6M |
| 自由现金流率自由现金流/营收 | -78.2% | 1.6% |
| 资本支出强度资本支出/营收 | 10.5% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流IONSSFIX
| Q4 25 | $-137.7M | $10.9M | ||
| Q3 25 | $-131.4M | $7.0M | ||
| Q2 25 | $151.3M | $20.5M | ||
| Q1 25 | $-150.8M | $-16.2M | ||
| Q4 24 | $-116.1M | $14.3M | ||
| Q3 24 | $-115.0M | $8.2M | ||
| Q2 24 | $-119.9M | $21.7M | ||
| Q1 24 | $-149.9M | $-22.3M |
自由现金流IONSSFIX
| Q4 25 | $-159.0M | $5.6M | ||
| Q3 25 | $-136.7M | $2.8M | ||
| Q2 25 | $139.0M | $16.0M | ||
| Q1 25 | $-163.4M | $-19.4M | ||
| Q4 24 | $-141.6M | $9.9M | ||
| Q3 24 | $-124.0M | $4.5M | ||
| Q2 24 | $-126.1M | $18.9M | ||
| Q1 24 | $-154.4M | $-26.1M |
自由现金流率IONSSFIX
| Q4 25 | -78.2% | 1.6% | ||
| Q3 25 | -87.2% | 0.9% | ||
| Q2 25 | 30.8% | 4.9% | ||
| Q1 25 | -124.1% | -6.2% | ||
| Q4 24 | -62.5% | 3.1% | ||
| Q3 24 | -92.7% | 1.4% | ||
| Q2 24 | -56.0% | 5.9% | ||
| Q1 24 | -129.2% | -7.9% |
资本支出强度IONSSFIX
| Q4 25 | 10.5% | 1.6% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 2.7% | 1.4% | ||
| Q1 25 | 9.6% | 1.0% | ||
| Q4 24 | 11.3% | 1.4% | ||
| Q3 24 | 6.8% | 1.2% | ||
| Q2 24 | 2.8% | 0.9% | ||
| Q1 24 | 3.8% | 1.1% |
现金转化率IONSSFIX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| 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
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% |
SFIX
暂无分部数据
