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Ispire Technology Inc.（ISPR）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
花花公子的季度营收约是Ispire Technology Inc.的1.7倍（$34.9M vs $20.3M），花花公子净利率更高（10.3% vs -32.5%，领先42.8%），花花公子同比增速更快（4.2% vs -51.5%），花花公子自由现金流更多（$1.1M vs $-4.0M），过去两年花花公子的营收复合增速更高（11.0% vs -17.8%）
Ispire科技是一家专注于先进雾化硬件及配套耗材研发、生产与销售的全球化科技企业，主要服务尼古丁及合法大麻消费市场，下设硬件、品牌大麻产品两大核心业务板块，覆盖北美、欧洲、亚太等核心市场，为B端合作商及终端用户提供合规创新的雾化解决方案。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
ISPR vs PLBY — 直观对比
营收规模更大
PLBY
是对方的1.7倍
$20.3M
营收增速更快
PLBY
高出55.7%
-51.5%
净利率更高
PLBY
高出42.8%
-32.5%
自由现金流更多
PLBY
多$5.2M
$-4.0M
两年增速更快
PLBY
近两年复合增速
-17.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $20.3M | $34.9M |
| 净利润 | $-6.6M | $3.6M |
| 毛利率 | 17.1% | 73.3% |
| 营业利润率 | -33.9% | 7.9% |
| 净利率 | -32.5% | 10.3% |
| 营收同比 | -51.5% | 4.2% |
| 净利润同比 | 17.4% | 128.6% |
| 每股收益（稀释后） | $-0.12 | $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ISPRPLBY
| Q4 25 | $20.3M | $34.9M | ||
| Q3 25 | $30.4M | $29.0M | ||
| Q2 25 | $20.1M | $28.1M | ||
| Q1 25 | $26.2M | $28.9M | ||
| Q4 24 | $41.8M | $33.5M | ||
| Q3 24 | $39.3M | $29.4M | ||
| Q2 24 | $37.3M | $24.9M | ||
| Q1 24 | $30.0M | $28.3M |
净利润ISPRPLBY
| Q4 25 | $-6.6M | $3.6M | ||
| Q3 25 | $-3.3M | $460.0K | ||
| Q2 25 | $-14.8M | $-7.7M | ||
| Q1 25 | $-10.9M | $-9.0M | ||
| Q4 24 | $-8.0M | $-12.5M | ||
| Q3 24 | $-5.6M | $-33.8M | ||
| Q2 24 | $-3.5M | $-16.7M | ||
| Q1 24 | $-5.9M | $-16.4M |
毛利率ISPRPLBY
| Q4 25 | 17.1% | 73.3% | ||
| Q3 25 | 17.0% | 76.0% | ||
| Q2 25 | 12.3% | 65.4% | ||
| Q1 25 | 18.2% | 68.6% | ||
| Q4 24 | 18.5% | 70.8% | ||
| Q3 24 | 19.5% | 61.0% | ||
| Q2 24 | 28.3% | 67.8% | ||
| Q1 24 | 20.4% | 55.8% |
营业利润率ISPRPLBY
| Q4 25 | -33.9% | 7.9% | ||
| Q3 25 | -8.9% | 4.7% | ||
| Q2 25 | -72.7% | -20.9% | ||
| Q1 25 | -40.4% | -21.7% | ||
| Q4 24 | -17.6% | -13.3% | ||
| Q3 24 | -13.4% | -96.0% | ||
| Q2 24 | -9.2% | -37.0% | ||
| Q1 24 | -18.8% | -31.5% |
净利率ISPRPLBY
| Q4 25 | -32.5% | 10.3% | ||
| Q3 25 | -10.7% | 1.6% | ||
| Q2 25 | -73.4% | -27.3% | ||
| Q1 25 | -41.5% | -31.3% | ||
| Q4 24 | -19.1% | -37.4% | ||
| Q3 24 | -14.2% | -114.7% | ||
| Q2 24 | -9.4% | -66.9% | ||
| Q1 24 | -19.7% | -58.1% |
每股收益（稀释后）ISPRPLBY
| Q4 25 | $-0.12 | $0.05 | ||
| Q3 25 | $-0.06 | $0.00 | ||
| Q2 25 | $-0.26 | $-0.08 | ||
| Q1 25 | $-0.19 | $-0.10 | ||
| Q4 24 | $-0.14 | $-0.13 | ||
| Q3 24 | $-0.10 | $-0.45 | ||
| Q2 24 | $-0.07 | $-0.23 | ||
| Q1 24 | $-0.11 | $-0.23 |
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 | $17.6M | $37.8M |
| 总债务越低越好 | — | $174.2M |
| 股东权益账面价值 | $-7.7M | $18.4M |
| 总资产 | $84.4M | $292.4M |
| 负债/权益比越低杠杆越低 | — | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资ISPRPLBY
| Q4 25 | $17.6M | $37.8M | ||
| Q3 25 | $22.7M | $27.5M | ||
| Q2 25 | $24.4M | $19.6M | ||
| Q1 25 | $23.5M | $23.7M | ||
| Q4 24 | $34.4M | $30.9M | ||
| Q3 24 | $37.7M | $9.5M | ||
| Q2 24 | $35.1M | $16.9M | ||
| Q1 24 | $39.5M | $19.0M |
总债务ISPRPLBY
| Q4 25 | — | $174.2M | ||
| Q3 25 | — | $176.8M | ||
| Q2 25 | — | $177.5M | ||
| Q1 25 | — | $176.3M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $193.4M |
股东权益ISPRPLBY
| Q4 25 | $-7.7M | $18.4M | ||
| Q3 25 | $-1.8M | $3.8M | ||
| Q2 25 | $604.7K | $-17.5M | ||
| Q1 25 | $14.8M | $-11.4M | ||
| Q4 24 | $24.2M | $-7.7M | ||
| Q3 24 | $30.7M | $-15.7M | ||
| Q2 24 | $34.5M | $15.7M | ||
| Q1 24 | $35.9M | $29.5M |
总资产ISPRPLBY
| Q4 25 | $84.4M | $292.4M | ||
| Q3 25 | $96.4M | $278.3M | ||
| Q2 25 | $102.2M | $264.1M | ||
| Q1 25 | $115.7M | $270.6M | ||
| Q4 24 | $132.0M | $284.7M | ||
| Q3 24 | $129.0M | $271.5M | ||
| Q2 24 | $122.6M | $301.8M | ||
| Q1 24 | $108.0M | $309.1M |
负债/权益比ISPRPLBY
| Q4 25 | — | 9.48× | ||
| Q3 25 | — | 46.86× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.51× | ||
| Q1 24 | — | 6.54× |
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 | $-4.0M | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.0M | $1.1M |
| 自由现金流率自由现金流/营收 | -19.9% | 3.2% |
| 资本支出强度资本支出/营收 | 0.3% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-14.2M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流ISPRPLBY
| Q4 25 | $-4.0M | $1.4M | ||
| Q3 25 | $-1.2M | $10.1M | ||
| Q2 25 | $4.7M | $-3.9M | ||
| Q1 25 | $-12.5M | $-7.6M | ||
| Q4 24 | $-3.2M | $161.0K | ||
| Q3 24 | $3.6M | $-6.5M | ||
| Q2 24 | $-1.4M | $-3.0M | ||
| Q1 24 | $3.4M | $-9.8M |
自由现金流ISPRPLBY
| Q4 25 | $-4.0M | $1.1M | ||
| Q3 25 | $-1.2M | $9.8M | ||
| Q2 25 | $3.7M | $-4.3M | ||
| Q1 25 | $-12.7M | $-7.7M | ||
| Q4 24 | $-3.2M | $-401.0K | ||
| Q3 24 | $3.3M | $-7.0M | ||
| Q2 24 | $-2.2M | $-3.7M | ||
| Q1 24 | $3.3M | $-10.3M |
自由现金流率ISPRPLBY
| Q4 25 | -19.9% | 3.2% | ||
| Q3 25 | -3.9% | 33.8% | ||
| Q2 25 | 18.6% | -15.2% | ||
| Q1 25 | -48.4% | -26.5% | ||
| Q4 24 | -7.7% | -1.2% | ||
| Q3 24 | 8.5% | -23.7% | ||
| Q2 24 | -5.9% | -14.8% | ||
| Q1 24 | 10.9% | -36.5% |
资本支出强度ISPRPLBY
| Q4 25 | 0.3% | 0.8% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 4.8% | 1.4% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 0.1% | 1.7% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 2.0% | 2.6% | ||
| Q1 24 | 0.3% | 2.1% |
现金转化率ISPRPLBY
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 22.02× | ||
| 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
ISPR
暂无分部数据
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
