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IPG PHOTONICS CORP（IPGP）与Childrens Place, Inc.（PLCE）财务数据对比。点击上方公司名可切换其他公司
Childrens Place, Inc.的季度营收约是IPG PHOTONICS CORP的1.2倍（$339.5M vs $274.5M），IPG PHOTONICS CORP净利率更高（4.8% vs -1.3%，领先6.1%），IPG PHOTONICS CORP同比增速更快（17.1% vs -13.0%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $-3.4M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs -13.6%）
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
IPGP vs PLCE — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $339.5M |
| 净利润 | $13.3M | $-4.3M |
| 毛利率 | 36.1% | 33.1% |
| 营业利润率 | 1.2% | 1.1% |
| 净利率 | 4.8% | -1.3% |
| 营收同比 | 17.1% | -13.0% |
| 净利润同比 | 69.8% | -121.5% |
| 每股收益（稀释后） | $0.30 | $-0.19 |
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
| Q4 25 | $274.5M | $339.5M | ||
| Q3 25 | $250.8M | $298.0M | ||
| Q2 25 | $250.7M | $242.1M | ||
| Q1 25 | $227.8M | $408.6M | ||
| Q4 24 | $234.3M | $390.2M | ||
| Q3 24 | $233.1M | $319.7M | ||
| Q2 24 | $257.6M | $267.9M | ||
| Q1 24 | $252.0M | $455.0M |
| Q4 25 | $13.3M | $-4.3M | ||
| Q3 25 | $7.5M | $-5.4M | ||
| Q2 25 | $6.6M | $-34.0M | ||
| Q1 25 | $3.8M | $-8.0M | ||
| Q4 24 | $7.8M | $20.1M | ||
| Q3 24 | $-233.6M | $-32.1M | ||
| Q2 24 | $20.2M | $-37.8M | ||
| Q1 24 | $24.1M | $-128.8M |
| Q4 25 | 36.1% | 33.1% | ||
| Q3 25 | 39.5% | 34.0% | ||
| Q2 25 | 37.3% | 29.2% | ||
| Q1 25 | 39.4% | 28.5% | ||
| Q4 24 | 38.6% | 35.5% | ||
| Q3 24 | 23.2% | 35.0% | ||
| Q2 24 | 37.3% | 34.6% | ||
| Q1 24 | 38.7% | 21.8% |
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 3.1% | 1.4% | ||
| Q2 25 | 0.0% | -10.0% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 6.0% | 7.5% | ||
| Q3 24 | -108.7% | -6.8% | ||
| Q2 24 | 4.7% | -10.4% | ||
| Q1 24 | 7.6% | -13.6% |
| Q4 25 | 4.8% | -1.3% | ||
| Q3 25 | 3.0% | -1.8% | ||
| Q2 25 | 2.6% | -14.1% | ||
| Q1 25 | 1.6% | -2.0% | ||
| Q4 24 | 3.3% | 5.1% | ||
| Q3 24 | -100.2% | -10.0% | ||
| Q2 24 | 7.8% | -14.1% | ||
| Q1 24 | 9.6% | -28.3% |
| Q4 25 | $0.30 | $-0.19 | ||
| Q3 25 | $0.18 | $-0.24 | ||
| Q2 25 | $0.16 | $-1.57 | ||
| Q1 25 | $0.09 | $-0.60 | ||
| Q4 24 | $0.27 | $1.57 | ||
| Q3 24 | $-5.33 | $-2.51 | ||
| Q2 24 | $0.45 | $-2.98 | ||
| Q1 24 | $0.52 | $-10.24 |
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 | $839.3M | $7.3M |
| 总债务越低越好 | — | $107.4M |
| 股东权益账面价值 | $2.1B | $-8.6M |
| 总资产 | $2.4B | $762.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $839.3M | $7.3M | ||
| Q3 25 | $870.4M | $7.8M | ||
| Q2 25 | $899.6M | $5.7M | ||
| Q1 25 | $926.9M | $5.3M | ||
| Q4 24 | $930.2M | $5.7M | ||
| Q3 24 | $1.0B | $9.6M | ||
| Q2 24 | $1.1B | $13.0M | ||
| Q1 24 | $1.1B | $13.6M |
| Q4 25 | — | $107.4M | ||
| Q3 25 | — | $107.2M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $166.0M | ||
| Q4 24 | — | $165.7M | ||
| Q3 24 | — | $165.4M | ||
| Q2 24 | — | $166.6M | ||
| Q1 24 | — | $49.8M |
| Q4 25 | $2.1B | $-8.6M | ||
| Q3 25 | $2.1B | $-4.9M | ||
| Q2 25 | $2.1B | $1.4M | ||
| Q1 25 | $2.1B | $-59.4M | ||
| Q4 24 | $2.0B | $-49.6M | ||
| Q3 24 | $2.1B | $-68.9M | ||
| Q2 24 | $2.3B | $-34.9M | ||
| Q1 24 | $2.3B | $-9.0M |
| Q4 25 | $2.4B | $762.5M | ||
| Q3 25 | $2.4B | $805.1M | ||
| Q2 25 | $2.4B | $779.6M | ||
| Q1 25 | $2.3B | $747.6M | ||
| Q4 24 | $2.3B | $888.8M | ||
| Q3 24 | $2.4B | $921.4M | ||
| Q2 24 | $2.5B | $848.3M | ||
| Q1 24 | $2.6B | $800.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 75.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $28.8M | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $-3.4M |
| 自由现金流率自由现金流/营收 | 4.0% | -1.0% |
| 资本支出强度资本支出/营收 | 6.5% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.17× | — |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $39.5M |
8季度趋势，按日历期对齐
| Q4 25 | $28.8M | $6.2M | ||
| Q3 25 | $35.3M | $-30.5M | ||
| Q2 25 | $-2.2M | $-43.0M | ||
| Q1 25 | $13.4M | $121.3M | ||
| Q4 24 | $73.8M | $-44.2M | ||
| Q3 24 | $66.1M | $-83.9M | ||
| Q2 24 | $53.5M | $-110.8M | ||
| Q1 24 | $54.6M | $135.4M |
| Q4 25 | $10.9M | $-3.4M | ||
| Q3 25 | $14.6M | $-31.9M | ||
| Q2 25 | $-17.6M | $-46.4M | ||
| Q1 25 | $-11.4M | $121.2M | ||
| Q4 24 | $50.6M | $-47.7M | ||
| Q3 24 | $43.0M | $-91.7M | ||
| Q2 24 | $29.2M | $-115.5M | ||
| Q1 24 | $26.5M | $132.2M |
| Q4 25 | 4.0% | -1.0% | ||
| Q3 25 | 5.8% | -10.7% | ||
| Q2 25 | -7.0% | -19.2% | ||
| Q1 25 | -5.0% | 29.7% | ||
| Q4 24 | 21.6% | -12.2% | ||
| Q3 24 | 18.4% | -28.7% | ||
| Q2 24 | 11.3% | -43.1% | ||
| Q1 24 | 10.5% | 29.1% |
| Q4 25 | 6.5% | 2.8% | ||
| Q3 25 | 8.3% | 0.5% | ||
| Q2 25 | 6.1% | 1.4% | ||
| Q1 25 | 10.9% | 0.0% | ||
| Q4 24 | 9.9% | 0.9% | ||
| Q3 24 | 9.9% | 2.4% | ||
| Q2 24 | 9.4% | 1.8% | ||
| Q1 24 | 11.1% | 0.7% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | — | ||
| Q4 24 | 9.44× | -2.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.65× | — | ||
| Q1 24 | 2.27× | — |
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
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
