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Liberty Broadband Corp（LBRDA）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
Liberty Broadband Corp的季度营收约是PLUG POWER INC的1.2倍（$261.0M vs $225.2M），Liberty Broadband Corp净利率更高（146.7% vs -375.6%，领先522.4%），PLUG POWER INC同比增速更快（17.6% vs 6.1%），Liberty Broadband Corp自由现金流更多（$37.0M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 4.3%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
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。
LBRDA vs PLUG — 直观对比
营收规模更大
LBRDA
是对方的1.2倍
$225.2M
营收增速更快
PLUG
高出11.5%
6.1%
净利率更高
LBRDA
高出522.4%
-375.6%
自由现金流更多
LBRDA
多$190.0M
$-153.0M
两年增速更快
PLUG
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $225.2M |
| 净利润 | $383.0M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 15.7% | -338.9% |
| 净利率 | 146.7% | -375.6% |
| 营收同比 | 6.1% | 17.6% |
| 净利润同比 | 96.4% | 36.7% |
| 每股收益（稀释后） | $2.68 | $-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LBRDAPLUG
| Q4 25 | — | $225.2M | ||
| Q3 25 | — | $177.1M | ||
| Q2 25 | $261.0M | $174.0M | ||
| Q1 25 | $266.0M | $133.7M | ||
| Q4 24 | $263.0M | $191.5M | ||
| Q3 24 | $262.0M | $173.7M | ||
| Q2 24 | $246.0M | $143.3M | ||
| Q1 24 | $245.0M | $120.3M |
净利润LBRDAPLUG
| Q4 25 | — | $-846.0M | ||
| Q3 25 | — | $-361.9M | ||
| Q2 25 | $383.0M | $-227.1M | ||
| Q1 25 | $268.0M | $-196.7M | ||
| Q4 24 | $291.0M | $-1.3B | ||
| Q3 24 | $142.0M | $-211.2M | ||
| Q2 24 | $195.0M | $-262.3M | ||
| Q1 24 | $241.0M | $-295.8M |
毛利率LBRDAPLUG
| 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% | ||
| Q1 24 | — | -132.3% |
营业利润率LBRDAPLUG
| Q4 25 | — | -338.9% | ||
| Q3 25 | — | -197.0% | ||
| Q2 25 | 15.7% | -101.7% | ||
| Q1 25 | 16.2% | -133.5% | ||
| Q4 24 | 4.9% | -678.7% | ||
| Q3 24 | 11.5% | -124.4% | ||
| Q2 24 | 8.5% | -170.7% | ||
| Q1 24 | 11.4% | -215.7% |
净利率LBRDAPLUG
| Q4 25 | — | -375.6% | ||
| Q3 25 | — | -204.4% | ||
| Q2 25 | 146.7% | -130.5% | ||
| Q1 25 | 100.8% | -147.1% | ||
| Q4 24 | 110.6% | -697.5% | ||
| Q3 24 | 54.2% | -121.5% | ||
| Q2 24 | 79.3% | -183.0% | ||
| Q1 24 | 98.4% | -245.9% |
每股收益（稀释后）LBRDAPLUG
| Q4 25 | — | $-0.70 | ||
| Q3 25 | — | $-0.31 | ||
| Q2 25 | $2.68 | $-0.20 | ||
| Q1 25 | $1.87 | $-0.21 | ||
| Q4 24 | $2.04 | $-1.61 | ||
| Q3 24 | $0.99 | $-0.25 | ||
| Q2 24 | $1.36 | $-0.36 | ||
| Q1 24 | $1.69 | $-0.46 |
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 | $180.0M | $368.5M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $10.4B | $978.1M |
| 总资产 | $16.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDAPLUG
| Q4 25 | — | $368.5M | ||
| Q3 25 | — | $165.9M | ||
| Q2 25 | $180.0M | $140.7M | ||
| Q1 25 | $226.0M | $295.8M | ||
| Q4 24 | $163.0M | $205.7M | ||
| Q3 24 | $168.0M | $93.9M | ||
| Q2 24 | $73.0M | $62.4M | ||
| Q1 24 | $108.0M | $172.9M |
总债务LBRDAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $3.9M | ||
| Q2 24 | $3.6B | $3.7M | ||
| Q1 24 | $3.6B | $3.8M |
股东权益LBRDAPLUG
| Q4 25 | — | $978.1M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $10.4B | $1.7B | ||
| Q1 25 | $10.1B | $1.9B | ||
| Q4 24 | $9.8B | $1.7B | ||
| Q3 24 | $9.5B | $3.0B | ||
| Q2 24 | $9.3B | $3.0B | ||
| Q1 24 | $9.1B | $2.9B |
总资产LBRDAPLUG
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $16.6B | $3.4B | ||
| Q1 25 | $17.0B | $3.6B | ||
| Q4 24 | $16.7B | $3.6B | ||
| Q3 24 | $16.3B | $4.7B | ||
| Q2 24 | $16.0B | $4.8B | ||
| Q1 24 | $15.7B | $4.8B |
负债/权益比LBRDAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | 0.00× | ||
| Q2 24 | 0.39× | 0.00× | ||
| Q1 24 | 0.40× | 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 | $91.0M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $-153.0M |
| 自由现金流率自由现金流/营收 | 14.2% | -67.9% |
| 资本支出强度资本支出/营收 | 20.7% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流LBRDAPLUG
| Q4 25 | — | $-148.6M | ||
| Q3 25 | — | $-89.8M | ||
| Q2 25 | $91.0M | $-191.8M | ||
| Q1 25 | $78.0M | $-105.6M | ||
| Q4 24 | $1.0M | $-131.2M | ||
| Q3 24 | $24.0M | $-174.9M | ||
| Q2 24 | $27.0M | $-254.7M | ||
| Q1 24 | $52.0M | $-167.7M |
自由现金流LBRDAPLUG
| Q4 25 | — | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | $37.0M | $-230.4M | ||
| Q1 25 | $13.0M | $-146.0M | ||
| Q4 24 | $-63.0M | $-165.2M | ||
| Q3 24 | $-36.0M | $-234.2M | ||
| Q2 24 | $-35.0M | $-356.0M | ||
| Q1 24 | $-9.0M | $-260.3M |
自由现金流率LBRDAPLUG
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | 14.2% | -132.5% | ||
| Q1 25 | 4.9% | -109.2% | ||
| Q4 24 | -24.0% | -86.3% | ||
| Q3 24 | -13.7% | -134.8% | ||
| Q2 24 | -14.2% | -248.4% | ||
| Q1 24 | -3.7% | -216.5% |
资本支出强度LBRDAPLUG
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | 20.7% | 22.2% | ||
| Q1 25 | 24.4% | 30.3% | ||
| Q4 24 | 24.3% | 17.7% | ||
| Q3 24 | 22.9% | 34.1% | ||
| Q2 24 | 25.2% | 70.7% | ||
| Q1 24 | 24.9% | 77.0% |
现金转化率LBRDAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.22× | — |
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
LBRDA
暂无分部数据
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% |
