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INTELLIGENT PROTECTION MANAGEMENT CORP.（IPM）与Northann Corp.（NCL）财务数据对比。点击上方公司名可切换其他公司
INTELLIGENT PROTECTION MANAGEMENT CORP.的季度营收约是Northann Corp.的1.7倍（$6.1M vs $3.5M），INTELLIGENT PROTECTION MANAGEMENT CORP.同比增速更快（2091.6% vs 38.6%），过去两年INTELLIGENT PROTECTION MANAGEMENT CORP.的营收复合增速更高（54.7% vs 28.1%）
智能防护管理公司是一家总部位于英国格洛斯特郡的控股母公司，于2008年5月21日完成注册。公司为旗下四家子公司提供集团管理架构，其前身是专精于情报搜集、反间谍与反窃听检测业务的国际情报有限公司。
Northann Corp是一家家居用品企业，主营家纺产品、装饰配饰及相关家居商品的设计、生产与销售，核心市场覆盖北美、西欧及中国本土，主要面向中高端家居消费群体。
IPM vs NCL — 直观对比
营收规模更大
IPM
是对方的1.7倍
$3.5M
营收增速更快
IPM
高出2053.0%
38.6%
两年增速更快
IPM
近两年复合增速
28.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1M | $3.5M |
| 净利润 | — | $-8.8M |
| 毛利率 | 53.1% | -40.6% |
| 营业利润率 | -13.4% | -246.9% |
| 净利率 | — | -248.2% |
| 营收同比 | 2091.6% | 38.6% |
| 净利润同比 | — | -1872.0% |
| 每股收益（稀释后） | $-0.05 | $-0.07 |
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IPMNCL
| Q4 25 | $6.1M | — | ||
| Q3 25 | $6.2M | $3.5M | ||
| Q2 25 | $5.7M | $1.7M | ||
| Q1 25 | $5.5M | $3.4M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $3.9M | ||
| Q1 24 | — | $4.6M |
净利润IPMNCL
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $-8.8M | ||
| Q2 25 | $-1.1M | $-2.3M | ||
| Q1 25 | $808.5K | $-2.6M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | — | $496.6K | ||
| Q2 24 | — | $-997.5K | ||
| Q1 24 | — | $60.0K |
毛利率IPMNCL
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | -40.6% | ||
| Q2 25 | 50.1% | -53.6% | ||
| Q1 25 | 55.3% | 11.4% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | — | 63.7% | ||
| Q2 24 | — | 23.2% | ||
| Q1 24 | — | 33.6% |
营业利润率IPMNCL
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | -246.9% | ||
| Q2 25 | -19.7% | -128.6% | ||
| Q1 25 | -24.2% | -74.9% | ||
| Q4 24 | — | -32.2% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | -30.0% | ||
| Q1 24 | — | 7.1% |
净利率IPMNCL
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | -248.2% | ||
| Q2 25 | -18.3% | -132.5% | ||
| Q1 25 | 14.7% | -76.5% | ||
| Q4 24 | — | -91.4% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | 1.3% |
每股收益（稀释后）IPMNCL
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | $-0.07 | ||
| Q2 25 | $-0.08 | $-0.02 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $0.01 |
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 | $5.6M | $40.9K |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $18.2M | $1.8M |
| 总资产 | $26.0M | $15.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IPMNCL
| Q4 25 | $5.6M | — | ||
| Q3 25 | $7.3M | $40.9K | ||
| Q2 25 | $7.3M | $1.1M | ||
| Q1 25 | $9.7M | — | ||
| Q4 24 | — | $245.2K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPMNCL
| Q4 25 | $18.2M | — | ||
| Q3 25 | $18.8M | $1.8M | ||
| Q2 25 | $19.9M | $4.4M | ||
| Q1 25 | $21.1M | $3.9M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | — | $1.4M | ||
| Q2 24 | — | $969.0K | ||
| Q1 24 | — | $712.3K |
总资产IPMNCL
| Q4 25 | $26.0M | — | ||
| Q3 25 | $27.2M | $15.0M | ||
| Q2 25 | $29.8M | $16.5M | ||
| Q1 25 | $31.1M | $16.5M | ||
| Q4 24 | — | $13.9M | ||
| Q3 24 | — | $14.6M | ||
| Q2 24 | — | $13.1M | ||
| Q1 24 | — | $13.2M |
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 | $87.6K | $-15.6K |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流IPMNCL
| Q4 25 | $87.6K | — | ||
| Q3 25 | $133.0K | $-15.6K | ||
| Q2 25 | $-888.7K | $-2.8M | ||
| Q1 25 | $1.7M | $-1.0M | ||
| Q4 24 | — | $-1.6M | ||
| Q3 24 | — | $169.7K | ||
| Q2 24 | — | $-122.2K | ||
| Q1 24 | — | $297.9K |
资本支出强度IPMNCL
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率IPMNCL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.96× |
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
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
NCL
暂无分部数据
