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INTERPARFUMS INC（IPAR）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
INTERPARFUMS INC的季度营收约是PLUG POWER INC的1.7倍（$386.2M vs $225.2M），INTERPARFUMS INC净利率更高（7.3% vs -375.6%，领先382.9%），PLUG POWER INC同比增速更快（17.6% vs 6.8%），INTERPARFUMS INC自由现金流更多（$145.0M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 9.2%）
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
IPAR vs PLUG — 直观对比
营收规模更大
IPAR
是对方的1.7倍
$225.2M
营收增速更快
PLUG
高出10.8%
6.8%
净利率更高
IPAR
高出382.9%
-375.6%
自由现金流更多
IPAR
多$298.0M
$-153.0M
两年增速更快
PLUG
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.2M | $225.2M |
| 净利润 | $28.1M | $-846.0M |
| 毛利率 | 61.5% | 2.4% |
| 营业利润率 | 7.1% | -338.9% |
| 净利率 | 7.3% | -375.6% |
| 营收同比 | 6.8% | 17.6% |
| 净利润同比 | 16.0% | 36.7% |
| 每股收益（稀释后） | $0.88 | $-0.70 |
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IPARPLUG
| Q4 25 | $386.2M | $225.2M | ||
| Q3 25 | $429.6M | $177.1M | ||
| Q2 25 | $333.9M | $174.0M | ||
| Q1 25 | $338.8M | $133.7M | ||
| Q4 24 | $361.5M | $191.5M | ||
| Q3 24 | $424.6M | $173.7M | ||
| Q2 24 | $342.2M | $143.3M | ||
| Q1 24 | $324.0M | $120.3M |
净利润IPARPLUG
| Q4 25 | $28.1M | $-846.0M | ||
| Q3 25 | $65.8M | $-361.9M | ||
| Q2 25 | $32.0M | $-227.1M | ||
| Q1 25 | $42.5M | $-196.7M | ||
| Q4 24 | $24.2M | $-1.3B | ||
| Q3 24 | $62.3M | $-211.2M | ||
| Q2 24 | $36.8M | $-262.3M | ||
| Q1 24 | $41.0M | $-295.8M |
毛利率IPARPLUG
| Q4 25 | 61.5% | 2.4% | ||
| Q3 25 | 63.5% | -67.9% | ||
| Q2 25 | 66.2% | -30.7% | ||
| Q1 25 | 63.7% | -55.3% | ||
| Q4 24 | 64.5% | -122.5% | ||
| Q3 24 | 63.9% | -57.6% | ||
| Q2 24 | 64.5% | -91.6% | ||
| Q1 24 | 62.5% | -132.3% |
营业利润率IPARPLUG
| Q4 25 | 7.1% | -338.9% | ||
| Q3 25 | 25.3% | -197.0% | ||
| Q2 25 | 17.7% | -101.7% | ||
| Q1 25 | 22.2% | -133.5% | ||
| Q4 24 | 10.0% | -678.7% | ||
| Q3 24 | 25.0% | -124.4% | ||
| Q2 24 | 18.9% | -170.7% | ||
| Q1 24 | 21.0% | -215.7% |
净利率IPARPLUG
| Q4 25 | 7.3% | -375.6% | ||
| Q3 25 | 15.3% | -204.4% | ||
| Q2 25 | 9.6% | -130.5% | ||
| Q1 25 | 12.5% | -147.1% | ||
| Q4 24 | 6.7% | -697.5% | ||
| Q3 24 | 14.7% | -121.5% | ||
| Q2 24 | 10.8% | -183.0% | ||
| Q1 24 | 12.7% | -245.9% |
每股收益（稀释后）IPARPLUG
| Q4 25 | $0.88 | $-0.70 | ||
| Q3 25 | $2.05 | $-0.31 | ||
| Q2 25 | $0.99 | $-0.20 | ||
| Q1 25 | $1.32 | $-0.21 | ||
| Q4 24 | $0.78 | $-1.61 | ||
| Q3 24 | $1.93 | $-0.25 | ||
| Q2 24 | $1.14 | $-0.36 | ||
| Q1 24 | $1.27 | $-0.46 |
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 | $137.1M | $368.5M |
| 总债务越低越好 | $176.0M | — |
| 股东权益账面价值 | $880.7M | $978.1M |
| 总资产 | $1.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资IPARPLUG
| Q4 25 | $137.1M | $368.5M | ||
| Q3 25 | $77.5M | $165.9M | ||
| Q2 25 | $53.9M | $140.7M | ||
| Q1 25 | $75.3M | $295.8M | ||
| Q4 24 | $109.3M | $205.7M | ||
| Q3 24 | $78.8M | $93.9M | ||
| Q2 24 | $37.7M | $62.4M | ||
| Q1 24 | $76.1M | $172.9M |
总债务IPARPLUG
| Q4 25 | $176.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $157.3M | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益IPARPLUG
| Q4 25 | $880.7M | $978.1M | ||
| Q3 25 | $870.9M | $1.4B | ||
| Q2 25 | $839.4M | $1.7B | ||
| Q1 25 | $788.6M | $1.9B | ||
| Q4 24 | $744.9M | $1.7B | ||
| Q3 24 | $778.5M | $3.0B | ||
| Q2 24 | $717.1M | $3.0B | ||
| Q1 24 | $708.1M | $2.9B |
总资产IPARPLUG
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.6B | $3.1B | ||
| Q2 25 | $1.6B | $3.4B | ||
| Q1 25 | $1.4B | $3.6B | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.4B | $4.8B | ||
| Q1 24 | $1.3B | $4.8B |
负债/权益比IPARPLUG
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $146.5M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $145.0M | $-153.0M |
| 自由现金流率自由现金流/营收 | 37.5% | -67.9% |
| 资本支出强度资本支出/营收 | 0.4% | 1.9% |
| 现金转化率经营现金流/净利润 | 5.21× | — |
| 过去12个月自由现金流最近4个季度 | $190.5M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流IPARPLUG
| Q4 25 | $146.5M | $-148.6M | ||
| Q3 25 | $63.9M | $-89.8M | ||
| Q2 25 | $11.9M | $-191.8M | ||
| Q1 25 | $-7.4M | $-105.6M | ||
| Q4 24 | $138.0M | $-131.2M | ||
| Q3 24 | $76.1M | $-174.9M | ||
| Q2 24 | $25.5M | $-254.7M | ||
| Q1 24 | $-52.0M | $-167.7M |
自由现金流IPARPLUG
| Q4 25 | $145.0M | $-153.0M | ||
| Q3 25 | $57.6M | $-117.5M | ||
| Q2 25 | $-3.3M | $-230.4M | ||
| Q1 25 | $-8.8M | $-146.0M | ||
| Q4 24 | $136.1M | $-165.2M | ||
| Q3 24 | $75.4M | $-234.2M | ||
| Q2 24 | $24.4M | $-356.0M | ||
| Q1 24 | $-53.0M | $-260.3M |
自由现金流率IPARPLUG
| Q4 25 | 37.5% | -67.9% | ||
| Q3 25 | 13.4% | -66.4% | ||
| Q2 25 | -1.0% | -132.5% | ||
| Q1 25 | -2.6% | -109.2% | ||
| Q4 24 | 37.7% | -86.3% | ||
| Q3 24 | 17.8% | -134.8% | ||
| Q2 24 | 7.1% | -248.4% | ||
| Q1 24 | -16.4% | -216.5% |
资本支出强度IPARPLUG
| Q4 25 | 0.4% | 1.9% | ||
| Q3 25 | 1.5% | 15.6% | ||
| Q2 25 | 4.5% | 22.2% | ||
| Q1 25 | 0.4% | 30.3% | ||
| Q4 24 | 0.5% | 17.7% | ||
| Q3 24 | 0.2% | 34.1% | ||
| Q2 24 | 0.3% | 70.7% | ||
| Q1 24 | 0.3% | 77.0% |
现金转化率IPARPLUG
| Q4 25 | 5.21× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | -0.17× | — | ||
| Q4 24 | 5.69× | — | ||
| Q3 24 | 1.22× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | -1.27× | — |
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
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
