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香港置地（LAND）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
PUMA BIOTECHNOLOGY, INC.的季度营收约是香港置地的1.8倍（$75.5M vs $41.5M），香港置地同比增速更快（96.5% vs 27.7%），过去两年香港置地的营收复合增速更高（43.1% vs 31.3%）
香港置地是一家专注于房地产投资、管理及开发的集团，在亚洲各地布局商业与住宅地产业务。目前集团在亚洲持有并运营约85万平方米的写字楼及商业零售物业，核心布局中国香港与新加坡两地，其中香港中环的商业物业规模居当地首位，新加坡则主要通过合资持有约16.5万平方米的写字楼空间。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
LAND vs PBYI — 直观对比
营收规模更大
PBYI
是对方的1.8倍
$41.5M
营收增速更快
LAND
高出68.8%
27.7%
两年增速更快
LAND
近两年复合增速
31.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.5M | $75.5M |
| 净利润 | $4.2M | — |
| 毛利率 | — | 69.3% |
| 营业利润率 | — | 22.7% |
| 净利率 | 10.2% | — |
| 营收同比 | 96.5% | 27.7% |
| 净利润同比 | 680.0% | — |
| 每股收益（稀释后） | $-0.05 | $0.26 |
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LANDPBYI
| Q4 25 | $41.5M | $75.5M | ||
| Q3 25 | $17.8M | $54.5M | ||
| Q2 25 | $12.3M | $52.4M | ||
| Q1 25 | $16.8M | $46.0M | ||
| Q4 24 | $21.1M | $59.1M | ||
| Q3 24 | $22.6M | $80.5M | ||
| Q2 24 | $21.3M | $47.1M | ||
| Q1 24 | $20.3M | $43.8M |
净利润LANDPBYI
| Q4 25 | $4.2M | — | ||
| Q3 25 | $2.1M | $8.8M | ||
| Q2 25 | $-7.9M | $5.9M | ||
| Q1 25 | $15.1M | $3.0M | ||
| Q4 24 | $540.0K | — | ||
| Q3 24 | $6.0K | $20.3M | ||
| Q2 24 | $-823.0K | $-4.5M | ||
| Q1 24 | $13.6M | $-4.8M |
毛利率LANDPBYI
| Q4 25 | — | 69.3% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 76.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 77.4% | ||
| Q1 24 | — | 75.5% |
营业利润率LANDPBYI
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 17.6% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -5.3% |
净利率LANDPBYI
| Q4 25 | 10.2% | — | ||
| Q3 25 | 11.7% | 16.2% | ||
| Q2 25 | -64.1% | 11.2% | ||
| Q1 25 | 89.9% | 6.5% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 0.0% | 25.2% | ||
| Q2 24 | -3.9% | -9.6% | ||
| Q1 24 | 67.0% | -11.0% |
每股收益（稀释后）LANDPBYI
| Q4 25 | $-0.05 | $0.26 | ||
| Q3 25 | $-0.11 | $0.17 | ||
| Q2 25 | $-0.38 | $0.12 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.15 | $0.40 | ||
| Q3 24 | $-0.16 | $0.41 | ||
| Q2 24 | $-0.19 | $-0.09 | ||
| Q1 24 | $0.21 | $-0.10 |
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 | $27.2M | $97.5M |
| 总债务越低越好 | $473.6M | $22.7M |
| 股东权益账面价值 | $670.3M | $130.3M |
| 总资产 | $1.2B | $216.3M |
| 负债/权益比越低杠杆越低 | 0.71× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资LANDPBYI
| Q4 25 | $27.2M | $97.5M | ||
| Q3 25 | $11.3M | $94.4M | ||
| Q2 25 | $30.5M | $96.0M | ||
| Q1 25 | $42.9M | $93.2M | ||
| Q4 24 | $18.3M | $101.0M | ||
| Q3 24 | $13.2M | $96.7M | ||
| Q2 24 | $49.8M | $96.8M | ||
| Q1 24 | $51.6M | $107.2M |
总债务LANDPBYI
| Q4 25 | $473.6M | $22.7M | ||
| Q3 25 | $480.4M | $34.0M | ||
| Q2 25 | $496.4M | $45.3M | ||
| Q1 25 | $498.8M | $56.7M | ||
| Q4 24 | $527.5M | $68.0M | ||
| Q3 24 | $530.7M | $79.3M | ||
| Q2 24 | $549.4M | $90.7M | ||
| Q1 24 | $552.2M | $102.0M |
股东权益LANDPBYI
| Q4 25 | $670.3M | $130.3M | ||
| Q3 25 | $661.8M | $115.3M | ||
| Q2 25 | $670.1M | $104.7M | ||
| Q1 25 | $689.9M | $97.1M | ||
| Q4 24 | $687.2M | $92.1M | ||
| Q3 24 | $691.2M | $71.1M | ||
| Q2 24 | $708.5M | $48.5M | ||
| Q1 24 | $723.3M | $51.0M |
总资产LANDPBYI
| Q4 25 | $1.2B | $216.3M | ||
| Q3 25 | $1.2B | $202.9M | ||
| Q2 25 | $1.3B | $194.9M | ||
| Q1 25 | $1.3B | $196.2M | ||
| Q4 24 | $1.3B | $213.3M | ||
| Q3 24 | $1.3B | $220.7M | ||
| Q2 24 | $1.4B | $205.0M | ||
| Q1 24 | $1.4B | $214.1M |
负债/权益比LANDPBYI
| Q4 25 | 0.71× | 0.17× | ||
| Q3 25 | 0.73× | 0.30× | ||
| Q2 25 | 0.74× | 0.43× | ||
| Q1 25 | 0.72× | 0.58× | ||
| Q4 24 | 0.77× | 0.74× | ||
| Q3 24 | 0.77× | 1.12× | ||
| Q2 24 | 0.78× | 1.87× | ||
| Q1 24 | 0.76× | 2.00× |
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 | $7.0M | $14.4M |
| 自由现金流经营现金流 - 资本支出 | — | $14.4M |
| 自由现金流率自由现金流/营收 | — | 19.1% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | — | $41.7M |
8季度趋势，按日历期对齐
经营现金流LANDPBYI
| Q4 25 | $7.0M | $14.4M | ||
| Q3 25 | $-12.0M | $9.7M | ||
| Q2 25 | $3.9M | $14.1M | ||
| Q1 25 | $4.5M | $3.6M | ||
| Q4 24 | $29.5M | $15.6M | ||
| Q3 24 | $-1.4M | $11.0M | ||
| Q2 24 | $15.9M | $1.0M | ||
| Q1 24 | $3.4M | $11.2M |
自由现金流LANDPBYI
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $9.7M | ||
| Q2 25 | — | $14.1M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $15.6M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | — |
自由现金流率LANDPBYI
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | — |
资本支出强度LANDPBYI
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率LANDPBYI
| Q4 25 | 1.66× | — | ||
| Q3 25 | -5.77× | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | 0.30× | 1.21× | ||
| Q4 24 | 54.72× | — | ||
| Q3 24 | -227.83× | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
