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SemiLEDs Corp（LEDS）与MESABI TRUST（MSB）财务数据对比。点击上方公司名可切换其他公司
MESABI TRUST的季度营收约是SemiLEDs Corp的1.4倍（$3.6M vs $2.6M），MESABI TRUST净利率更高（77.1% vs -28.9%，领先106.0%），SemiLEDs Corp同比增速更快（103.7% vs -95.5%），过去两年SemiLEDs Corp的营收复合增速更高（70.3% vs -24.1%）
该企业是涵盖电子设计与制造供应链相关企业的行业协会，为半导体、光伏板、发光二极管、平板显示器、微机电系统、印刷柔性电子及相关微纳米技术领域的制造提供设备、材料与服务支持。
梅萨比信托是一家总部位于美国的特许权信托机构，持有明尼苏达州梅萨比山脉铁矿开采资产的特许权权益，主要通过与铁矿石生产销售挂钩的特许权使用费获得收益，服务于全球钢铁制造市场。
LEDS vs MSB — 直观对比
营收规模更大
MSB
是对方的1.4倍
$2.6M
营收增速更快
LEDS
高出199.2%
-95.5%
净利率更高
MSB
高出106.0%
-28.9%
两年增速更快
LEDS
近两年复合增速
-24.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6M | $3.6M |
| 净利润 | $-742.0K | $2.8M |
| 毛利率 | 0.7% | 77.1% |
| 营业利润率 | -39.4% | — |
| 净利率 | -28.9% | 77.1% |
| 营收同比 | 103.7% | -95.5% |
| 净利润同比 | -35.6% | -96.5% |
| 每股收益（稀释后） | $-0.09 | — |
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LEDSMSB
| Q4 25 | $2.6M | $3.6M | ||
| Q3 25 | $13.2M | $5.6M | ||
| Q2 25 | $17.7M | $4.7M | ||
| Q1 25 | $10.9M | $6.9M | ||
| Q4 24 | $1.3M | $79.0M | ||
| Q3 24 | $1.3M | $6.5M | ||
| Q2 24 | $1.3M | $6.3M | ||
| Q1 24 | $886.0K | $6.2M |
净利润LEDSMSB
| Q4 25 | $-742.0K | $2.8M | ||
| Q3 25 | $-1.2M | $4.7M | ||
| Q2 25 | $223.0K | $3.6M | ||
| Q1 25 | $388.0K | $6.1M | ||
| Q4 24 | $-547.0K | $78.3M | ||
| Q3 24 | — | $5.4M | ||
| Q2 24 | $-319.0K | $3.5M | ||
| Q1 24 | $-559.0K | $4.7M |
毛利率LEDSMSB
| Q4 25 | 0.7% | 77.1% | ||
| Q3 25 | 1.7% | 84.6% | ||
| Q2 25 | 5.3% | 76.7% | ||
| Q1 25 | 9.2% | 88.5% | ||
| Q4 24 | 20.6% | 99.1% | ||
| Q3 24 | 11.6% | 83.2% | ||
| Q2 24 | 41.0% | 55.7% | ||
| Q1 24 | 12.6% | 75.3% |
营业利润率LEDSMSB
| Q4 25 | -39.4% | — | ||
| Q3 25 | -9.0% | — | ||
| Q2 25 | -0.4% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | -52.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -35.8% | — | ||
| Q1 24 | -93.9% | — |
净利率LEDSMSB
| Q4 25 | -28.9% | 77.1% | ||
| Q3 25 | -9.0% | 84.6% | ||
| Q2 25 | 1.3% | 76.7% | ||
| Q1 25 | 3.6% | 88.5% | ||
| Q4 24 | -43.4% | 99.1% | ||
| Q3 24 | — | 83.2% | ||
| Q2 24 | -24.1% | 55.7% | ||
| Q1 24 | -63.1% | 75.3% |
每股收益（稀释后）LEDSMSB
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.11 | — |
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 | $2.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1M | $21.1M |
| 总资产 | $14.2M | $26.0M |
| 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LEDSMSB
| Q4 25 | $2.9M | — | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $2.4M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.7M | — | ||
| Q2 24 | $1.7M | — | ||
| Q1 24 | $1.6M | — |
总债务LEDSMSB
| Q4 25 | — | — | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LEDSMSB
| Q4 25 | $2.1M | $21.1M | ||
| Q3 25 | $2.8M | $22.8M | ||
| Q2 25 | $4.0M | $19.6M | ||
| Q1 25 | $3.6M | $23.3M | ||
| Q4 24 | $1.6M | $95.3M | ||
| Q3 24 | $2.2M | $22.1M | ||
| Q2 24 | $2.7M | $20.7M | ||
| Q1 24 | $3.0M | $21.0M |
总资产LEDSMSB
| Q4 25 | $14.2M | $26.0M | ||
| Q3 25 | $15.6M | $24.8M | ||
| Q2 25 | $23.2M | $27.4M | ||
| Q1 25 | $23.2M | $101.7M | ||
| Q4 24 | $10.4M | $100.7M | ||
| Q3 24 | $11.1M | $26.2M | ||
| Q2 24 | $11.5M | $25.1M | ||
| Q1 24 | $12.0M | $26.7M |
负债/权益比LEDSMSB
| Q4 25 | — | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $361.0K | $3.5M |
| 自由现金流经营现金流 - 资本支出 | $331.0K | — |
| 自由现金流率自由现金流/营收 | 12.9% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | 1.27× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LEDSMSB
| Q4 25 | $361.0K | $3.5M | ||
| Q3 25 | — | $4.4M | ||
| Q2 25 | $693.0K | $2.1M | ||
| Q1 25 | $1.4M | $93.9M | ||
| Q4 24 | $-158.0K | $78.2M | ||
| Q3 24 | — | $3.8M | ||
| Q2 24 | $109.0K | $2.5M | ||
| Q1 24 | $-600.0K | $14.6M |
自由现金流LEDSMSB
| Q4 25 | $331.0K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $383.0K | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $-276.0K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $98.0K | — | ||
| Q1 24 | $-619.0K | — |
自由现金流率LEDSMSB
| Q4 25 | 12.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | -21.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | -69.9% | — |
资本支出强度LEDSMSB
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 2.1% | — |
现金转化率LEDSMSB
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | 3.11× | 0.57× | ||
| Q1 25 | 3.62× | 15.48× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 3.11× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
