vs
Heritage Distilling Holding Company, Inc.（IPST）与Soluna Holdings, Inc（SLNH）财务数据对比。点击上方公司名可切换其他公司
Soluna Holdings, Inc的季度营收约是Heritage Distilling Holding Company, Inc.的1.8倍（$8.4M vs $4.7M），Soluna Holdings, Inc净利率更高（-284.7% vs -6862.0%，领先6577.3%）
纽波特工艺酿酒蒸馏公司位于美国罗德岛州纽波特，1999年以滨海极限酿酒公司之名成立，是纽波特首家精酿微酿酒厂，2006年新增蒸馏业务，2018年改用现名以体现综合生产定位，目前生产多种啤酒与烈酒产品，分销网络覆盖美国东北部地区。
IPST vs SLNH — 直观对比
营收规模更大
SLNH
是对方的1.8倍
$4.7M
净利率更高
SLNH
高出6577.3%
-6862.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7M | $8.4M |
| 净利润 | $-323.7M | $-24.0M |
| 毛利率 | 68.5% | 9.5% |
| 营业利润率 | -2622.6% | -92.5% |
| 净利率 | -6862.0% | -284.7% |
| 营收同比 | — | 11.8% |
| 净利润同比 | — | -233.2% |
| 每股收益（稀释后） | $-31.89 | $-1.14 |
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IPSTSLNH
| Q4 25 | $4.7M | — | ||
| Q3 25 | $3.0M | $8.4M | ||
| Q2 25 | $1.3M | $6.2M | ||
| Q1 25 | $1.1M | $5.9M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | $1.8M | $7.5M | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $12.5M |
净利润IPSTSLNH
| Q4 25 | $-323.7M | — | ||
| Q3 25 | $196.3M | $-24.0M | ||
| Q2 25 | $-7.3M | $-7.4M | ||
| Q1 25 | $-3.0M | $-7.6M | ||
| Q4 24 | — | $-40.0M | ||
| Q3 24 | $-3.4M | $-7.2M | ||
| Q2 24 | — | $-10.9M | ||
| Q1 24 | — | $-5.3M |
毛利率IPSTSLNH
| Q4 25 | 68.5% | — | ||
| Q3 25 | 61.3% | 9.5% | ||
| Q2 25 | 17.2% | 6.3% | ||
| Q1 25 | 24.9% | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | 35.8% | -39.1% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 45.4% |
营业利润率IPSTSLNH
| Q4 25 | -2622.6% | — | ||
| Q3 25 | -38.4% | -92.5% | ||
| Q2 25 | -503.0% | -107.6% | ||
| Q1 25 | -224.5% | -120.9% | ||
| Q4 24 | — | -426.0% | ||
| Q3 24 | -118.1% | -119.8% | ||
| Q2 24 | — | -38.0% | ||
| Q1 24 | — | 3.2% |
净利率IPSTSLNH
| Q4 25 | -6862.0% | — | ||
| Q3 25 | 6566.2% | -284.7% | ||
| Q2 25 | -551.9% | -119.9% | ||
| Q1 25 | -277.8% | -127.3% | ||
| Q4 24 | — | -483.8% | ||
| Q3 24 | -194.9% | -95.5% | ||
| Q2 24 | — | -112.4% | ||
| Q1 24 | — | -41.9% |
每股收益（稀释后）IPSTSLNH
| Q4 25 | $-31.89 | — | ||
| Q3 25 | $16.97 | $-1.14 | ||
| Q2 25 | $-0.77 | $-0.93 | ||
| Q1 25 | $-0.34 | $-1.21 | ||
| Q4 24 | — | $-7.14 | ||
| Q3 24 | $-160.41 | $-1.56 | ||
| Q2 24 | — | $-3.62 | ||
| Q1 24 | — | $-2.62 |
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 | — | — |
| 总债务越低越好 | $2.6M | $13.3M |
| 股东权益账面价值 | $98.2M | $14.5M |
| 总资产 | $108.8M | $152.0M |
| 负债/权益比越低杠杆越低 | 0.03× | 0.92× |
8季度趋势，按日历期对齐
总债务IPSTSLNH
| Q4 25 | $2.6M | — | ||
| Q3 25 | $2.6M | $13.3M | ||
| Q2 25 | $13.0M | $10.0M | ||
| Q1 25 | $13.0M | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $15.0M | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
股东权益IPSTSLNH
| Q4 25 | $98.2M | — | ||
| Q3 25 | $420.4M | $14.5M | ||
| Q2 25 | $-2.9M | $-19.5M | ||
| Q1 25 | $-329.0K | $-16.1M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | $-34.0M | $20.9M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $21.5M |
总资产IPSTSLNH
| Q4 25 | $108.8M | — | ||
| Q3 25 | $482.8M | $152.0M | ||
| Q2 25 | $26.5M | $92.0M | ||
| Q1 25 | $27.1M | $90.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | $31.1M | $97.3M | ||
| Q2 24 | — | $98.7M | ||
| Q1 24 | — | $90.6M |
负债/权益比IPSTSLNH
| Q4 25 | 0.03× | — | ||
| Q3 25 | 0.01× | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| 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 | $-7.5M | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.8M |
| 自由现金流率自由现金流/营收 | — | -81.4% |
| 资本支出强度资本支出/营收 | 0.0% | 55.2% |
| 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 | — | $-34.4M |
8季度趋势，按日历期对齐
经营现金流IPSTSLNH
| Q4 25 | $-7.5M | — | ||
| Q3 25 | $-4.3M | $-2.2M | ||
| Q2 25 | $-1.5M | $-1.1M | ||
| Q1 25 | $-2.0M | $-177.0K | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $61.0K | ||
| Q2 24 | — | $-7.3M | ||
| Q1 24 | — | $3.9M |
自由现金流IPSTSLNH
| Q4 25 | — | — | ||
| Q3 25 | $-4.3M | $-6.8M | ||
| Q2 25 | $-1.5M | $-9.7M | ||
| Q1 25 | $-2.0M | $-4.0M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-7.6M | ||
| Q1 24 | — | $3.3M |
自由现金流率IPSTSLNH
| Q4 25 | — | — | ||
| Q3 25 | -144.7% | -81.4% | ||
| Q2 25 | -115.3% | -156.8% | ||
| Q1 25 | -187.6% | -67.1% | ||
| Q4 24 | — | -168.3% | ||
| Q3 24 | — | -44.8% | ||
| Q2 24 | — | -78.2% | ||
| Q1 24 | — | 26.5% |
资本支出强度IPSTSLNH
| Q4 25 | 0.0% | — | ||
| Q3 25 | 1.5% | 55.2% | ||
| Q2 25 | 0.9% | 139.0% | ||
| Q1 25 | 1.6% | 64.2% | ||
| Q4 24 | — | 107.0% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 4.2% |
现金转化率IPSTSLNH
| Q4 25 | — | — | ||
| Q3 25 | -0.02× | — | ||
| Q2 25 | — | — | ||
| 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
IPST
| Direct To Consumer | $3.0M | 63% |
| Wholesale | $1.2M | 26% |
| Other | $517.7K | 11% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
