vs
Heritage Distilling Holding Company, Inc.（IPST）与SWK Holdings Corp（SWKH）财务数据对比。点击上方公司名可切换其他公司
SWK Holdings Corp的季度营收约是Heritage Distilling Holding Company, Inc.的1.8倍（$8.7M vs $4.7M）
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。
SWK Holdings Corp是一家专注于医疗健康与生命科学领域的专业金融企业，为生物技术、制药、医疗器械及诊断类企业提供特许权使用费货币化、结构性债务、资产支持贷款等定制化融资服务，核心市场以北美地区为主。
IPST vs SWKH — 直观对比
营收规模更大
SWKH
是对方的1.8倍
$4.7M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7M | $8.7M |
| 净利润 | $-323.7M | $-19.4M |
| 毛利率 | 68.5% | — |
| 营业利润率 | -2622.6% | 9.9% |
| 净利率 | -6862.0% | — |
| 营收同比 | — | -29.7% |
| 净利润同比 | — | -430.2% |
| 每股收益（稀释后） | $-31.89 | $-1.59 |
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IPSTSWKH
| Q4 25 | $4.7M | $8.7M | ||
| Q3 25 | $3.0M | $10.9M | ||
| Q2 25 | $1.3M | $10.1M | ||
| Q1 25 | $1.1M | $11.8M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | $1.8M | $10.4M | ||
| Q2 24 | — | $10.8M | ||
| Q1 24 | — | $11.4M |
净利润IPSTSWKH
| Q4 25 | $-323.7M | $-19.4M | ||
| Q3 25 | $196.3M | $8.8M | ||
| Q2 25 | $-7.3M | $3.5M | ||
| Q1 25 | $-3.0M | $4.5M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | $-3.4M | $3.5M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $468.0K |
毛利率IPSTSWKH
| Q4 25 | 68.5% | — | ||
| Q3 25 | 61.3% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率IPSTSWKH
| Q4 25 | -2622.6% | 9.9% | ||
| Q3 25 | -38.4% | 61.3% | ||
| Q2 25 | -503.0% | 46.1% | ||
| Q1 25 | -224.5% | 68.6% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | -118.1% | 39.2% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | 9.5% |
净利率IPSTSWKH
| Q4 25 | -6862.0% | — | ||
| Q3 25 | 6566.2% | 80.7% | ||
| Q2 25 | -551.9% | 35.2% | ||
| Q1 25 | -277.8% | 38.4% | ||
| Q4 24 | — | 47.5% | ||
| Q3 24 | -194.9% | 33.3% | ||
| Q2 24 | — | 33.9% | ||
| Q1 24 | — | 4.1% |
每股收益（稀释后）IPSTSWKH
| Q4 25 | $-31.89 | $-1.59 | ||
| Q3 25 | $16.97 | $0.72 | ||
| Q2 25 | $-0.77 | $0.29 | ||
| Q1 25 | $-0.34 | $0.37 | ||
| Q4 24 | — | $0.47 | ||
| Q3 24 | $-160.41 | $0.28 | ||
| Q2 24 | — | $0.30 | ||
| Q1 24 | — | $0.04 |
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 | — | $42.8M |
| 总债务越低越好 | $2.6M | $33.0M |
| 股东权益账面价值 | $98.2M | $235.1M |
| 总资产 | $108.8M | $272.4M |
| 负债/权益比越低杠杆越低 | 0.03× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资IPSTSWKH
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $10.2M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $29.8M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | — | $17.2M | ||
| Q2 24 | — | $5.5M | ||
| Q1 24 | — | $5.5M |
总债务IPSTSWKH
| Q4 25 | $2.6M | $33.0M | ||
| Q3 25 | $2.6M | $33.0M | ||
| Q2 25 | $13.0M | $33.0M | ||
| Q1 25 | $13.0M | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | $15.0M | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
股东权益IPSTSWKH
| Q4 25 | $98.2M | $235.1M | ||
| Q3 25 | $420.4M | $254.2M | ||
| Q2 25 | $-2.9M | $246.5M | ||
| Q1 25 | $-329.0K | $292.7M | ||
| Q4 24 | — | $288.7M | ||
| Q3 24 | $-34.0M | $283.4M | ||
| Q2 24 | — | $282.8M | ||
| Q1 24 | — | $279.9M |
总资产IPSTSWKH
| Q4 25 | $108.8M | $272.4M | ||
| Q3 25 | $482.8M | $289.4M | ||
| Q2 25 | $26.5M | $285.7M | ||
| Q1 25 | $27.1M | $331.3M | ||
| Q4 24 | — | $332.2M | ||
| Q3 24 | $31.1M | $321.3M | ||
| Q2 24 | — | $321.0M | ||
| Q1 24 | — | $322.0M |
负债/权益比IPSTSWKH
| Q4 25 | 0.03× | 0.14× | ||
| Q3 25 | 0.01× | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $27.3M |
| 自由现金流经营现金流 - 资本支出 | — | $26.8M |
| 自由现金流率自由现金流/营收 | — | 308.1% |
| 资本支出强度资本支出/营收 | 0.0% | 5.9% |
| 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 | — | $43.2M |
8季度趋势，按日历期对齐
经营现金流IPSTSWKH
| Q4 25 | $-7.5M | $27.3M | ||
| Q3 25 | $-4.3M | $906.0K | ||
| Q2 25 | $-1.5M | $7.8M | ||
| Q1 25 | $-2.0M | $8.3M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | $4.4M |
自由现金流IPSTSWKH
| Q4 25 | — | $26.8M | ||
| Q3 25 | $-4.3M | $557.0K | ||
| Q2 25 | $-1.5M | $7.7M | ||
| Q1 25 | $-2.0M | $8.2M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | — |
自由现金流率IPSTSWKH
| Q4 25 | — | 308.1% | ||
| Q3 25 | -144.7% | 5.1% | ||
| Q2 25 | -115.3% | 77.0% | ||
| Q1 25 | -187.6% | 69.1% | ||
| Q4 24 | — | 185.3% | ||
| Q3 24 | — | 60.4% | ||
| Q2 24 | — | 49.7% | ||
| Q1 24 | — | — |
资本支出强度IPSTSWKH
| Q4 25 | 0.0% | 5.9% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 1.6% | 0.8% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
现金转化率IPSTSWKH
| Q4 25 | — | — | ||
| Q3 25 | -0.02× | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
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% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
