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INTELLIGENT PROTECTION MANAGEMENT CORP.（IPM）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
Velo3D, Inc.的季度营收约是INTELLIGENT PROTECTION MANAGEMENT CORP.的1.5倍（$9.4M vs $6.1M），INTELLIGENT PROTECTION MANAGEMENT CORP.同比增速更快（2091.6% vs -25.2%），过去两年INTELLIGENT PROTECTION MANAGEMENT CORP.的营收复合增速更高（54.7% vs -1.8%）
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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
IPM vs VELO — 直观对比
营收规模更大
VELO
是对方的1.5倍
$6.1M
营收增速更快
IPM
高出2116.8%
-25.2%
两年增速更快
IPM
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1M | $9.4M |
| 净利润 | — | $-21.9M |
| 毛利率 | 53.1% | -73.6% |
| 营业利润率 | -13.4% | -231.0% |
| 净利率 | — | -231.9% |
| 营收同比 | 2091.6% | -25.2% |
| 净利润同比 | — | -2.9% |
| 每股收益（稀释后） | $-0.05 | $-0.87 |
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IPMVELO
| Q4 25 | $6.1M | $9.4M | ||
| Q3 25 | $6.2M | $13.6M | ||
| Q2 25 | $5.7M | $13.6M | ||
| Q1 25 | $5.5M | $9.3M | ||
| Q4 24 | — | $12.6M | ||
| Q3 24 | — | $8.2M | ||
| Q2 24 | — | $10.3M | ||
| Q1 24 | — | $9.8M |
净利润IPMVELO
| Q4 25 | — | $-21.9M | ||
| Q3 25 | $-1.1M | $-11.2M | ||
| Q2 25 | $-1.1M | $-13.3M | ||
| Q1 25 | $808.5K | $-25.0M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $935.0K | ||
| Q1 24 | — | $-27.5M |
毛利率IPMVELO
| Q4 25 | 53.1% | -73.6% | ||
| Q3 25 | 50.7% | 3.2% | ||
| Q2 25 | 50.1% | -11.7% | ||
| Q1 25 | 55.3% | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率IPMVELO
| Q4 25 | -13.4% | -231.0% | ||
| Q3 25 | -23.0% | -73.3% | ||
| Q2 25 | -19.7% | -85.4% | ||
| Q1 25 | -24.2% | -123.6% | ||
| Q4 24 | — | -167.0% | ||
| Q3 24 | — | -213.8% | ||
| Q2 24 | — | -187.7% | ||
| Q1 24 | — | -211.1% |
净利率IPMVELO
| Q4 25 | — | -231.9% | ||
| Q3 25 | -17.4% | -82.0% | ||
| Q2 25 | -18.3% | -97.7% | ||
| Q1 25 | 14.7% | -268.4% | ||
| Q4 24 | — | -168.5% | ||
| Q3 24 | — | -265.3% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -281.2% |
每股收益（稀释后）IPMVELO
| Q4 25 | $-0.05 | $-0.87 | ||
| Q3 25 | $-0.08 | $-0.65 | ||
| Q2 25 | $-0.08 | $-0.94 | ||
| Q1 25 | $0.06 | $-1.87 | ||
| Q4 24 | — | $7.06 | ||
| Q3 24 | — | $-35.52 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $18.2M | $38.2M |
| 总资产 | $26.0M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资IPMVELO
| Q4 25 | $5.6M | $39.0M | ||
| Q3 25 | $7.3M | $11.8M | ||
| Q2 25 | $7.3M | $854.0K | ||
| Q1 25 | $9.7M | $3.9M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $10.9M |
总债务IPMVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益IPMVELO
| Q4 25 | $18.2M | $38.2M | ||
| Q3 25 | $18.8M | $29.9M | ||
| Q2 25 | $19.9M | $21.4M | ||
| Q1 25 | $21.1M | $32.8M | ||
| Q4 24 | — | $39.7M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | $52.1M | ||
| Q1 24 | — | $45.5M |
总资产IPMVELO
| Q4 25 | $26.0M | $105.3M | ||
| Q3 25 | $27.2M | $93.7M | ||
| Q2 25 | $29.8M | $78.4M | ||
| Q1 25 | $31.1M | $91.3M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $110.8M | ||
| Q2 24 | — | $116.7M | ||
| Q1 24 | — | $136.1M |
负债/权益比IPMVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.3M |
| 自由现金流率自由现金流/营收 | — | -88.3% |
| 资本支出强度资本支出/营收 | — | 6.4% |
| 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IPMVELO
| Q4 25 | $87.6K | $-7.7M | ||
| Q3 25 | $133.0K | $-6.0M | ||
| Q2 25 | $-888.7K | $-1.2M | ||
| Q1 25 | $1.7M | $-12.3M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流IPMVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流率IPMVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
资本支出强度IPMVELO
| Q4 25 | — | 6.4% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率IPMVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| 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
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
VELO
暂无分部数据
