vs
SemiLEDs Corp（LEDS）与Northann Corp.（NCL）财务数据对比。点击上方公司名可切换其他公司
Northann Corp.的季度营收约是SemiLEDs Corp的1.4倍（$3.5M vs $2.6M），SemiLEDs Corp净利率更高（-28.9% vs -248.2%，领先219.3%），SemiLEDs Corp同比增速更快（103.7% vs 38.6%），过去两年SemiLEDs Corp的营收复合增速更高（70.3% vs 28.1%）
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。
Northann Corp是一家家居用品企业，主营家纺产品、装饰配饰及相关家居商品的设计、生产与销售，核心市场覆盖北美、西欧及中国本土，主要面向中高端家居消费群体。
LEDS vs NCL — 直观对比
营收规模更大
NCL
是对方的1.4倍
$2.6M
营收增速更快
LEDS
高出65.1%
38.6%
净利率更高
LEDS
高出219.3%
-248.2%
两年增速更快
LEDS
近两年复合增速
28.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6M | $3.5M |
| 净利润 | $-742.0K | $-8.8M |
| 毛利率 | 0.7% | -40.6% |
| 营业利润率 | -39.4% | -246.9% |
| 净利率 | -28.9% | -248.2% |
| 营收同比 | 103.7% | 38.6% |
| 净利润同比 | -35.6% | -1872.0% |
| 每股收益（稀释后） | $-0.09 | $-0.07 |
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LEDSNCL
| Q4 25 | $2.6M | — | ||
| Q3 25 | $13.2M | $3.5M | ||
| Q2 25 | $17.7M | $1.7M | ||
| Q1 25 | $10.9M | $3.4M | ||
| Q4 24 | $1.3M | $4.3M | ||
| Q3 24 | $1.3M | $2.6M | ||
| Q2 24 | $1.3M | $3.9M | ||
| Q1 24 | $886.0K | $4.6M |
净利润LEDSNCL
| Q4 25 | $-742.0K | — | ||
| Q3 25 | $-1.2M | $-8.8M | ||
| Q2 25 | $223.0K | $-2.3M | ||
| Q1 25 | $388.0K | $-2.6M | ||
| Q4 24 | $-547.0K | $-3.9M | ||
| Q3 24 | — | $496.6K | ||
| Q2 24 | $-319.0K | $-997.5K | ||
| Q1 24 | $-559.0K | $60.0K |
毛利率LEDSNCL
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.7% | -40.6% | ||
| Q2 25 | 5.3% | -53.6% | ||
| Q1 25 | 9.2% | 11.4% | ||
| Q4 24 | 20.6% | -2.2% | ||
| Q3 24 | 11.6% | 63.7% | ||
| Q2 24 | 41.0% | 23.2% | ||
| Q1 24 | 12.6% | 33.6% |
营业利润率LEDSNCL
| Q4 25 | -39.4% | — | ||
| Q3 25 | -9.0% | -246.9% | ||
| Q2 25 | -0.4% | -128.6% | ||
| Q1 25 | 1.0% | -74.9% | ||
| Q4 24 | -52.1% | -32.2% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | -35.8% | -30.0% | ||
| Q1 24 | -93.9% | 7.1% |
净利率LEDSNCL
| Q4 25 | -28.9% | — | ||
| Q3 25 | -9.0% | -248.2% | ||
| Q2 25 | 1.3% | -132.5% | ||
| Q1 25 | 3.6% | -76.5% | ||
| Q4 24 | -43.4% | -91.4% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | -24.1% | -25.6% | ||
| Q1 24 | -63.1% | 1.3% |
每股收益（稀释后）LEDSNCL
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.15 | $-0.07 | ||
| Q2 25 | $0.03 | $-0.02 | ||
| Q1 25 | $0.05 | $-0.03 | ||
| Q4 24 | $-0.08 | $-0.16 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | $-0.04 | $-0.04 | ||
| Q1 24 | $-0.11 | $0.01 |
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 | $40.9K |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1M | $1.8M |
| 总资产 | $14.2M | $15.0M |
| 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LEDSNCL
| Q4 25 | $2.9M | — | ||
| Q3 25 | $2.6M | $40.9K | ||
| Q2 25 | $2.4M | $1.1M | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $1.2M | $245.2K | ||
| Q3 24 | $1.7M | — | ||
| Q2 24 | $1.7M | — | ||
| Q1 24 | $1.6M | — |
总债务LEDSNCL
| Q4 25 | — | — | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LEDSNCL
| Q4 25 | $2.1M | — | ||
| Q3 25 | $2.8M | $1.8M | ||
| Q2 25 | $4.0M | $4.4M | ||
| Q1 25 | $3.6M | $3.9M | ||
| Q4 24 | $1.6M | $2.6M | ||
| Q3 24 | $2.2M | $1.4M | ||
| Q2 24 | $2.7M | $969.0K | ||
| Q1 24 | $3.0M | $712.3K |
总资产LEDSNCL
| Q4 25 | $14.2M | — | ||
| Q3 25 | $15.6M | $15.0M | ||
| Q2 25 | $23.2M | $16.5M | ||
| Q1 25 | $23.2M | $16.5M | ||
| Q4 24 | $10.4M | $13.9M | ||
| Q3 24 | $11.1M | $14.6M | ||
| Q2 24 | $11.5M | $13.1M | ||
| Q1 24 | $12.0M | $13.2M |
负债/权益比LEDSNCL
| 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 | $-15.6K |
| 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 | — | — |
| 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LEDSNCL
| Q4 25 | $361.0K | — | ||
| Q3 25 | — | $-15.6K | ||
| Q2 25 | $693.0K | $-2.8M | ||
| Q1 25 | $1.4M | $-1.0M | ||
| Q4 24 | $-158.0K | $-1.6M | ||
| Q3 24 | — | $169.7K | ||
| Q2 24 | $109.0K | $-122.2K | ||
| Q1 24 | $-600.0K | $297.9K |
自由现金流LEDSNCL
| 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LEDSNCL
| 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LEDSNCL
| 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LEDSNCL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 3.62× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.96× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
