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铱星通信（IRDM）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是再鼎医药的1.7倍（$219.1M vs $127.1M），再鼎医药同比增速更快（17.1% vs 1.9%），过去两年再鼎医药的营收复合增速更高（20.8% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
IRDM vs ZLAB — 直观对比
营收规模更大
IRDM
是对方的1.7倍
$127.1M
营收增速更快
ZLAB
高出15.2%
1.9%
两年增速更快
ZLAB
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $127.1M |
| 净利润 | $21.6M | — |
| 毛利率 | — | 51.0% |
| 营业利润率 | 23.2% | -54.6% |
| 净利率 | 9.9% | — |
| 营收同比 | 1.9% | 17.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $-0.05 |
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IRDMZLAB
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $127.1M | ||
| Q3 25 | $226.9M | $115.4M | ||
| Q2 25 | $216.9M | $109.1M | ||
| Q1 25 | $214.9M | $105.7M | ||
| Q4 24 | $213.0M | $108.5M | ||
| Q3 24 | $212.8M | $101.8M | ||
| Q2 24 | $201.1M | $100.1M |
净利润IRDMZLAB
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | — | ||
| Q3 25 | $37.1M | $-36.0M | ||
| Q2 25 | $22.0M | $-40.7M | ||
| Q1 25 | $30.4M | $-48.4M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $24.4M | $-41.7M | ||
| Q2 24 | $32.3M | $-80.3M |
毛利率IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | — | 51.0% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | — | 60.6% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 64.1% | ||
| Q2 24 | — | 64.9% |
营业利润率IRDMZLAB
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -54.6% | ||
| Q3 25 | 30.9% | -42.3% | ||
| Q2 25 | 23.2% | -50.3% | ||
| Q1 25 | 28.1% | -53.3% | ||
| Q4 24 | 24.5% | -62.6% | ||
| Q3 24 | 25.8% | -66.6% | ||
| Q2 24 | 21.7% | -76.0% |
净利率IRDMZLAB
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 16.4% | -31.2% | ||
| Q2 25 | 10.1% | -37.3% | ||
| Q1 25 | 14.2% | -45.8% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 11.5% | -40.9% | ||
| Q2 24 | 16.1% | -80.2% |
每股收益（稀释后）IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.05 | ||
| Q3 25 | $0.35 | $-0.03 | ||
| Q2 25 | $0.20 | $-0.04 | ||
| Q1 25 | $0.27 | $-0.04 | ||
| Q4 24 | $0.30 | $-0.09 | ||
| Q3 24 | $0.21 | $-0.04 | ||
| Q2 24 | $0.27 | $-0.08 |
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 | — | $689.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $715.5M |
| 总资产 | — | $1.2B |
| 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IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $689.6M | ||
| Q3 25 | $88.5M | $717.2M | ||
| Q2 25 | $79.3M | $732.2M | ||
| Q1 25 | $50.9M | $757.3M | ||
| Q4 24 | $93.5M | $779.7M | ||
| Q3 24 | $159.6M | $616.1M | ||
| Q2 24 | $63.5M | $630.0M |
总债务IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $715.5M | ||
| Q3 25 | $450.5M | $759.9M | ||
| Q2 25 | $473.6M | $791.7M | ||
| Q1 25 | $518.4M | $810.8M | ||
| Q4 24 | $576.6M | $840.9M | ||
| Q3 24 | $663.8M | $667.7M | ||
| Q2 24 | $786.7M | $704.2M |
总资产IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.8B | $985.3M | ||
| Q2 24 | $2.7B | $987.4M |
负债/权益比IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-26.7M |
| 自由现金流率自由现金流/营收 | — | -21.0% |
| 资本支出强度资本支出/营收 | 13.7% | 0.5% |
| 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 | — | $-158.9M |
8季度趋势，按日历期对齐
经营现金流IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-26.0M | ||
| Q3 25 | $100.8M | $-32.0M | ||
| Q2 25 | $129.6M | $-31.0M | ||
| Q1 25 | $61.1M | $-61.7M | ||
| Q4 24 | $104.8M | $-55.8M | ||
| Q3 24 | $118.6M | $-26.8M | ||
| Q2 24 | $81.1M | $-42.2M |
自由现金流IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-26.7M | ||
| Q3 25 | $79.2M | $-35.0M | ||
| Q2 25 | $108.9M | $-33.9M | ||
| Q1 25 | $36.5M | $-63.2M | ||
| Q4 24 | $80.5M | $-58.4M | ||
| Q3 24 | $100.0M | $-28.2M | ||
| Q2 24 | $68.7M | $-42.9M |
自由现金流率IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -21.0% | ||
| Q3 25 | 34.9% | -30.4% | ||
| Q2 25 | 50.2% | -31.1% | ||
| Q1 25 | 17.0% | -59.9% | ||
| Q4 24 | 37.8% | -53.8% | ||
| Q3 24 | 47.0% | -27.7% | ||
| Q2 24 | 34.2% | -42.9% |
资本支出强度IRDMZLAB
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.5% | ||
| Q3 25 | 9.5% | 2.6% | ||
| Q2 25 | 9.5% | 2.6% | ||
| Q1 25 | 11.4% | 1.5% | ||
| Q4 24 | 11.4% | 2.4% | ||
| Q3 24 | 8.7% | 1.3% | ||
| Q2 24 | 6.2% | 0.7% |
现金转化率IRDMZLAB
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | — |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
