vs
林德（LIN）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
Velo3D, Inc.的季度营收约是林德的1.1倍（$9.4M vs $8.8M），林德同比增速更快（8.2% vs -25.2%），林德自由现金流更多（$898.0K vs $-8.3M），过去两年Velo3D, Inc.的营收复合增速更高（-1.8% vs -96.7%）
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
LIN vs VELO — 直观对比
营收规模更大
VELO
是对方的1.1倍
$8.8M
营收增速更快
LIN
高出33.5%
-25.2%
自由现金流更多
LIN
多$9.2M
$-8.3M
两年增速更快
VELO
近两年复合增速
-96.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8M | $9.4M |
| 净利润 | — | $-21.9M |
| 毛利率 | 48.5% | -73.6% |
| 营业利润率 | 27.8% | -231.0% |
| 净利率 | — | -231.9% |
| 营收同比 | 8.2% | -25.2% |
| 净利润同比 | — | -2.9% |
| 每股收益（稀释后） | $3.98 | $-0.87 |
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LINVELO
| Q1 26 | $8.8M | — | ||
| Q4 25 | $8.8B | $9.4M | ||
| Q3 25 | $8.6B | $13.6M | ||
| Q2 25 | $8.5B | $13.6M | ||
| Q1 25 | $8.1B | $9.3M | ||
| Q4 24 | $8.3B | $12.6M | ||
| Q3 24 | $8.4B | $8.2M | ||
| Q2 24 | $8.3B | $10.3M |
净利润LINVELO
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-21.9M | ||
| Q3 25 | $1.9B | $-11.2M | ||
| Q2 25 | $1.8B | $-13.3M | ||
| Q1 25 | $1.7B | $-25.0M | ||
| Q4 24 | $1.7B | $-21.3M | ||
| Q3 24 | $1.6B | $-21.9M | ||
| Q2 24 | $1.7B | $935.0K |
毛利率LINVELO
| Q1 26 | 48.5% | — | ||
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% |
营业利润率LINVELO
| Q1 26 | 27.8% | — | ||
| Q4 25 | 23.0% | -231.0% | ||
| Q3 25 | 27.5% | -73.3% | ||
| Q2 25 | 27.7% | -85.4% | ||
| Q1 25 | 26.9% | -123.6% | ||
| Q4 24 | 27.4% | -167.0% | ||
| Q3 24 | 25.0% | -213.8% | ||
| Q2 24 | 26.4% | -187.7% |
净利率LINVELO
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | -231.9% | ||
| Q3 25 | 22.4% | -82.0% | ||
| Q2 25 | 20.8% | -97.7% | ||
| Q1 25 | 20.6% | -268.4% | ||
| Q4 24 | 20.8% | -168.5% | ||
| Q3 24 | 18.5% | -265.3% | ||
| Q2 24 | 20.1% | 9.0% |
每股收益（稀释后）LINVELO
| Q1 26 | $3.98 | — | ||
| Q4 25 | $3.28 | $-0.87 | ||
| Q3 25 | $4.09 | $-0.65 | ||
| Q2 25 | $3.73 | $-0.94 | ||
| Q1 25 | $3.51 | $-1.87 | ||
| Q4 24 | $3.61 | $7.06 | ||
| Q3 24 | $3.22 | $-35.52 | ||
| Q2 24 | $3.44 | $1.65 |
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 | $4.0M | $39.0M |
| 总债务越低越好 | $24.7M | $31.0M |
| 股东权益账面价值 | $40.1M | $38.2M |
| 总资产 | $86.3M | $105.3M |
| 负债/权益比越低杠杆越低 | 0.62× | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资LINVELO
| Q1 26 | $4.0M | — | ||
| Q4 25 | $5.1B | $39.0M | ||
| Q3 25 | $4.5B | $11.8M | ||
| Q2 25 | $4.8B | $854.0K | ||
| Q1 25 | $5.3B | $3.9M | ||
| Q4 24 | $4.8B | $1.2M | ||
| Q3 24 | $5.2B | $1.6M | ||
| Q2 24 | $4.6B | $3.2M |
总债务LINVELO
| Q1 26 | $24.7M | — | ||
| Q4 25 | $20.7B | $31.0M | ||
| Q3 25 | $18.6B | $23.0M | ||
| Q2 25 | $19.7B | $22.5M | ||
| Q1 25 | $17.6B | $21.7M | ||
| Q4 24 | $15.3B | $5.7M | ||
| Q3 24 | $17.5B | $32.3M | ||
| Q2 24 | $16.9B | $33.5M |
股东权益LINVELO
| Q1 26 | $40.1M | — | ||
| Q4 25 | $38.2B | $38.2M | ||
| Q3 25 | $38.6B | $29.9M | ||
| Q2 25 | $38.5B | $21.4M | ||
| Q1 25 | $38.0B | $32.8M | ||
| Q4 24 | $38.1B | $39.7M | ||
| Q3 24 | $39.2B | $34.4M | ||
| Q2 24 | $38.2B | $52.1M |
总资产LINVELO
| Q1 26 | $86.3M | — | ||
| Q4 25 | $86.8B | $105.3M | ||
| Q3 25 | $86.0B | $93.7M | ||
| Q2 25 | $86.1B | $78.4M | ||
| Q1 25 | $82.7B | $91.3M | ||
| Q4 24 | $80.1B | $89.2M | ||
| Q3 24 | $82.5B | $110.8M | ||
| Q2 24 | $80.2B | $116.7M |
负债/权益比LINVELO
| Q1 26 | 0.62× | — | ||
| Q4 25 | 0.54× | 0.81× | ||
| Q3 25 | 0.48× | 0.77× | ||
| Q2 25 | 0.51× | 1.05× | ||
| Q1 25 | 0.46× | 0.66× | ||
| Q4 24 | 0.40× | 0.14× | ||
| Q3 24 | 0.45× | 0.94× | ||
| Q2 24 | 0.44× | 0.64× |
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 | — | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | $898.0K | $-8.3M |
| 自由现金流率自由现金流/营收 | 10.2% | -88.3% |
| 资本支出强度资本支出/营收 | — | 6.4% |
| 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 | $4.2B | — |
8季度趋势，按日历期对齐
经营现金流LINVELO
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $-7.7M | ||
| Q3 25 | $2.9B | $-6.0M | ||
| Q2 25 | $2.2B | $-1.2M | ||
| Q1 25 | $2.2B | $-12.3M | ||
| Q4 24 | $2.8B | $-2.2M | ||
| Q3 24 | $2.7B | $-2.0M | ||
| Q2 24 | $1.9B | $-8.0M |
自由现金流LINVELO
| Q1 26 | $898.0K | — | ||
| Q4 25 | $1.6B | $-8.3M | ||
| Q3 25 | $1.7B | $-6.3M | ||
| Q2 25 | $954.0M | $-3.0M | ||
| Q1 25 | $891.0M | — | ||
| Q4 24 | $1.6B | $-2.2M | ||
| Q3 24 | $1.7B | $-2.0M | ||
| Q2 24 | $796.0M | $-8.0M |
自由现金流率LINVELO
| Q1 26 | 10.2% | — | ||
| Q4 25 | 17.9% | -88.3% | ||
| Q3 25 | 19.4% | -46.5% | ||
| Q2 25 | 11.2% | -22.2% | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 18.8% | -17.7% | ||
| Q3 24 | 19.9% | -24.2% | ||
| Q2 24 | 9.6% | -77.1% |
资本支出强度LINVELO
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 6.4% | ||
| Q3 25 | 14.8% | 2.3% | ||
| Q2 25 | 14.8% | 13.3% | ||
| Q1 25 | 15.7% | 0.0% | ||
| Q4 24 | 15.1% | 0.2% | ||
| Q3 24 | 12.8% | 0.2% | ||
| Q2 24 | 13.7% | 0.0% |
现金转化率LINVELO
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.16× | -8.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
