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SemiLEDs Corp（LEDS）与VSEE HEALTH, INC.（VSEE）财务数据对比。点击上方公司名可切换其他公司
VSEE HEALTH, INC.的季度营收约是SemiLEDs Corp的1.5倍（$3.9M vs $2.6M），SemiLEDs Corp净利率更高（-28.9% vs -200.0%，领先171.1%），SemiLEDs Corp同比增速更快（103.7% vs 5.1%），SemiLEDs Corp自由现金流更多（$331.0K vs $-1.9M），过去两年SemiLEDs Corp的营收复合增速更高（70.3% vs 55.6%）
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。
VSEE HEALTH, INC.是一家总部位于美国的远程医疗科技企业，提供符合HIPAA标准的虚拟诊疗平台、远程问诊工具及慢性病管理解决方案，主要服务北美地区的医疗机构、企业客户及非营利组织。
LEDS vs VSEE — 直观对比
营收规模更大
VSEE
是对方的1.5倍
$2.6M
营收增速更快
LEDS
高出98.6%
5.1%
净利率更高
LEDS
高出171.1%
-200.0%
自由现金流更多
LEDS
多$2.3M
$-1.9M
两年增速更快
LEDS
近两年复合增速
55.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6M | $3.9M |
| 净利润 | $-742.0K | $-7.9M |
| 毛利率 | 0.7% | 46.7% |
| 营业利润率 | -39.4% | -87.6% |
| 净利率 | -28.9% | -200.0% |
| 营收同比 | 103.7% | 5.1% |
| 净利润同比 | -35.6% | -144.7% |
| 每股收益（稀释后） | $-0.09 | $-0.31 |
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LEDSVSEE
| Q4 25 | $2.6M | $3.9M | ||
| Q3 25 | $13.2M | $4.0M | ||
| Q2 25 | $17.7M | $3.4M | ||
| Q1 25 | $10.9M | $3.3M | ||
| Q4 24 | $1.3M | $3.7M | ||
| Q3 24 | $1.3M | $3.4M | ||
| Q2 24 | $1.3M | $1.7M | ||
| Q1 24 | $886.0K | $1.6M |
净利润LEDSVSEE
| Q4 25 | $-742.0K | $-7.9M | ||
| Q3 25 | $-1.2M | $-289.7K | ||
| Q2 25 | $223.0K | $-2.6M | ||
| Q1 25 | $388.0K | $-4.0M | ||
| Q4 24 | $-547.0K | $-3.2M | ||
| Q3 24 | — | $-53.9M | ||
| Q2 24 | $-319.0K | $-634.1K | ||
| Q1 24 | $-559.0K | $62.8K |
毛利率LEDSVSEE
| Q4 25 | 0.7% | 46.7% | ||
| Q3 25 | 1.7% | 52.1% | ||
| Q2 25 | 5.3% | 46.9% | ||
| Q1 25 | 9.2% | 56.0% | ||
| Q4 24 | 20.6% | 63.8% | ||
| Q3 24 | 11.6% | 83.0% | ||
| Q2 24 | 41.0% | 45.4% | ||
| Q1 24 | 12.6% | 76.2% |
营业利润率LEDSVSEE
| Q4 25 | -39.4% | -87.6% | ||
| Q3 25 | -9.0% | -51.7% | ||
| Q2 25 | -0.4% | -66.5% | ||
| Q1 25 | 1.0% | -55.1% | ||
| Q4 24 | -52.1% | -81.1% | ||
| Q3 24 | — | -1737.8% | ||
| Q2 24 | -35.8% | -54.5% | ||
| Q1 24 | -93.9% | 6.4% |
净利率LEDSVSEE
| Q4 25 | -28.9% | -200.0% | ||
| Q3 25 | -9.0% | -7.3% | ||
| Q2 25 | 1.3% | -77.1% | ||
| Q1 25 | 3.6% | -119.2% | ||
| Q4 24 | -43.4% | -85.9% | ||
| Q3 24 | — | -1607.5% | ||
| Q2 24 | -24.1% | -37.0% | ||
| Q1 24 | -63.1% | 3.9% |
每股收益（稀释后）LEDSVSEE
| Q4 25 | $-0.09 | $-0.31 | ||
| Q3 25 | $-0.15 | $-0.02 | ||
| Q2 25 | $0.03 | $-0.16 | ||
| Q1 25 | $0.05 | $-0.24 | ||
| Q4 24 | $-0.08 | $-1.96 | ||
| Q3 24 | — | $-3.58 | ||
| Q2 24 | $-0.04 | $-0.12 | ||
| 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 | $5.3M |
| 总债务越低越好 | — | $2.7M |
| 股东权益账面价值 | $2.1M | $5.5M |
| 总资产 | $14.2M | $22.4M |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资LEDSVSEE
| Q4 25 | $2.9M | $5.3M | ||
| Q3 25 | $2.6M | $472.8K | ||
| Q2 25 | $2.4M | $291.6K | ||
| Q1 25 | $2.4M | $410.1K | ||
| Q4 24 | $1.2M | $326.1K | ||
| Q3 24 | $1.7M | $2.3M | ||
| Q2 24 | $1.7M | $1.1M | ||
| Q1 24 | $1.6M | $724 |
总债务LEDSVSEE
| Q4 25 | — | $2.7M | ||
| Q3 25 | $1.7M | $3.4M | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $3.7M | $1.9M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | — |
股东权益LEDSVSEE
| Q4 25 | $2.1M | $5.5M | ||
| Q3 25 | $2.8M | $-5.6M | ||
| Q2 25 | $4.0M | $-5.7M | ||
| Q1 25 | $3.6M | $-3.5M | ||
| Q4 24 | $1.6M | $-18.5K | ||
| Q3 24 | $2.2M | $933.1K | ||
| Q2 24 | $2.7M | $53.1M | ||
| Q1 24 | $3.0M | $-13.2M |
总资产LEDSVSEE
| Q4 25 | $14.2M | $22.4M | ||
| Q3 25 | $15.6M | $18.7M | ||
| Q2 25 | $23.2M | $18.2M | ||
| Q1 25 | $23.2M | $19.4M | ||
| Q4 24 | $10.4M | $20.0M | ||
| Q3 24 | $11.1M | $22.3M | ||
| Q2 24 | $11.5M | $78.6M | ||
| Q1 24 | $12.0M | $1.4M |
负债/权益比LEDSVSEE
| Q4 25 | — | 0.50× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.69× | 2.08× | ||
| Q2 24 | — | 0.05× | ||
| 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 | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $331.0K | $-1.9M |
| 自由现金流率自由现金流/营收 | 12.9% | -49.2% |
| 资本支出强度资本支出/营收 | 1.2% | 0.2% |
| 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 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流LEDSVSEE
| Q4 25 | $361.0K | $-1.9M | ||
| Q3 25 | — | $-754.5K | ||
| Q2 25 | $693.0K | $-324.6K | ||
| Q1 25 | $1.4M | $-440.5K | ||
| Q4 24 | $-158.0K | $-3.0M | ||
| Q3 24 | — | $-221.0K | ||
| Q2 24 | $109.0K | $-3.2M | ||
| Q1 24 | $-600.0K | $579.3K |
自由现金流LEDSVSEE
| Q4 25 | $331.0K | $-1.9M | ||
| Q3 25 | — | $-761.8K | ||
| Q2 25 | $383.0K | $-328.2K | ||
| Q1 25 | $1.3M | $-452.4K | ||
| Q4 24 | $-276.0K | $-3.0M | ||
| Q3 24 | — | $-226.0K | ||
| Q2 24 | $98.0K | $-3.2M | ||
| Q1 24 | $-619.0K | $570.5K |
自由现金流率LEDSVSEE
| Q4 25 | 12.9% | -49.2% | ||
| Q3 25 | — | -19.1% | ||
| Q2 25 | 2.2% | -9.7% | ||
| Q1 25 | 11.8% | -13.6% | ||
| Q4 24 | -21.9% | -79.8% | ||
| Q3 24 | — | -6.7% | ||
| Q2 24 | 7.4% | -187.6% | ||
| Q1 24 | -69.9% | 35.2% |
资本支出强度LEDSVSEE
| Q4 25 | 1.2% | 0.2% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 9.4% | 0.1% | ||
| Q3 24 | 9.3% | 0.1% | ||
| Q2 24 | 0.8% | 2.1% | ||
| Q1 24 | 2.1% | 0.5% |
现金转化率LEDSVSEE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 3.62× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 9.23× |
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
LEDS
暂无分部数据
VSEE
| Professional Services And Other Fees | $3.1M | 79% |
| Other | $823.2K | 21% |
