vs
INDEPENDENCE REALTY TRUST, INC.（IRT）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是INDEPENDENCE REALTY TRUST, INC.的1.4倍（$225.2M vs $165.3M），PLUG POWER INC同比增速更快（17.6% vs 2.5%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 2.2%）
独立房地产信托是一家专注于商业地产领域的不动产投资信托企业，投资布局覆盖费城、华盛顿特区以及得克萨斯州奥斯汀市的优质写字楼资产，为投资者创造稳定的不动产投资回报。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
IRT vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.4倍
$165.3M
营收增速更快
PLUG
高出15.1%
2.5%
两年增速更快
PLUG
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $165.3M | $225.2M |
| 净利润 | — | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | — | -338.9% |
| 净利率 | — | -375.6% |
| 营收同比 | 2.5% | 17.6% |
| 净利润同比 | — | 36.7% |
| 每股收益（稀释后） | $0.00 | $-0.70 |
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IRTPLUG
| Q1 26 | $165.3M | — | ||
| Q4 25 | $167.1M | $225.2M | ||
| Q3 25 | $167.1M | $177.1M | ||
| Q2 25 | $162.2M | $174.0M | ||
| Q1 25 | $161.2M | $133.7M | ||
| Q4 24 | $161.0M | $191.5M | ||
| Q3 24 | $160.1M | $173.7M | ||
| Q2 24 | $158.4M | $143.3M |
净利润IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $-846.0M | ||
| Q3 25 | $6.9M | $-361.9M | ||
| Q2 25 | $8.0M | $-227.1M | ||
| Q1 25 | $8.4M | $-196.7M | ||
| Q4 24 | $-1.0M | $-1.3B | ||
| Q3 24 | $12.4M | $-211.2M | ||
| Q2 24 | $10.4M | $-262.3M |
毛利率IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% |
营业利润率IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | -338.9% | ||
| Q3 25 | — | -197.0% | ||
| Q2 25 | — | -101.7% | ||
| Q1 25 | — | -133.5% | ||
| Q4 24 | — | -678.7% | ||
| Q3 24 | — | -124.4% | ||
| Q2 24 | — | -170.7% |
净利率IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -375.6% | ||
| Q3 25 | 4.1% | -204.4% | ||
| Q2 25 | 5.0% | -130.5% | ||
| Q1 25 | 5.2% | -147.1% | ||
| Q4 24 | -0.6% | -697.5% | ||
| Q3 24 | 7.7% | -121.5% | ||
| Q2 24 | 6.5% | -183.0% |
每股收益（稀释后）IRTPLUG
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $-0.70 | ||
| Q3 25 | $0.03 | $-0.31 | ||
| Q2 25 | $0.03 | $-0.20 | ||
| Q1 25 | $0.04 | $-0.21 | ||
| Q4 24 | $-0.01 | $-1.61 | ||
| Q3 24 | $0.05 | $-0.25 | ||
| Q2 24 | $0.05 | $-0.36 |
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 | $23.3M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.4B | $978.1M |
| 总资产 | $6.1B | $2.6B |
| 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IRTPLUG
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $368.5M | ||
| Q3 25 | $23.3M | $165.9M | ||
| Q2 25 | $19.5M | $140.7M | ||
| Q1 25 | $29.1M | $295.8M | ||
| Q4 24 | $21.2M | $205.7M | ||
| Q3 24 | $17.6M | $93.9M | ||
| Q2 24 | $21.0M | $62.4M |
总债务IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $3.9M | ||
| Q2 24 | $2.3B | $3.7M |
股东权益IRTPLUG
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $978.1M | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.4B | $3.0B | ||
| Q2 24 | $3.4B | $3.0B |
总资产IRTPLUG
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $2.6B | ||
| Q3 25 | $6.1B | $3.1B | ||
| Q2 25 | $6.0B | $3.4B | ||
| Q1 25 | $6.0B | $3.6B | ||
| Q4 24 | $6.1B | $3.6B | ||
| Q3 24 | $5.9B | $4.7B | ||
| Q2 24 | $5.9B | $4.8B |
负债/权益比IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.68× | 0.00× | ||
| Q2 24 | 0.66× | 0.00× |
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 | — | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $-148.6M | ||
| Q3 25 | $79.3M | $-89.8M | ||
| Q2 25 | $82.2M | $-191.8M | ||
| Q1 25 | $60.4M | $-105.6M | ||
| Q4 24 | $259.8M | $-131.2M | ||
| Q3 24 | $69.2M | $-174.9M | ||
| Q2 24 | $83.0M | $-254.7M |
自由现金流IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | — | $-165.2M | ||
| Q3 24 | — | $-234.2M | ||
| Q2 24 | — | $-356.0M |
自由现金流率IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | — | -86.3% | ||
| Q3 24 | — | -134.8% | ||
| Q2 24 | — | -248.4% |
资本支出强度IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 70.7% |
现金转化率IRTPLUG
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | — |
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
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
