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Laird Superfood, Inc.（LSF）与蜗牛（SNAL）财务数据对比。点击上方公司名可切换其他公司
蜗牛的季度营收约是Laird Superfood, Inc.的1.9倍（$25.1M vs $13.3M），蜗牛净利率更高（-3.4% vs -13.2%，领先9.7%），Laird Superfood, Inc.同比增速更快（15.0% vs -4.2%），过去两年蜗牛的营收复合增速更高（33.4% vs 16.1%）
Laird Superfood是一家主营植物基功能性超级食品的企业，产品涵盖精品咖啡奶精、补水混合饮品、营养补充剂、植物能量零食等，面向健康意识较强的消费群体，主要在北美市场通过电商及线下零售渠道销售，主打可持续采购的清洁配方。
苏州蜗牛数字科技股份有限公司，简称蜗牛，是总部位于苏州的中国游戏企业，同时持有虚拟运营商牌照，旗下拥有蜗牛游戏、蜗牛移动两大业务板块，北美分部负责在美洲及欧洲地区推广旗下游戏产品。蜗牛主营大型多人在线、即时战略与休闲类游戏，全球累计注册用户已超7000万。
LSF vs SNAL — 直观对比
营收规模更大
SNAL
是对方的1.9倍
$13.3M
营收增速更快
LSF
高出19.2%
-4.2%
净利率更高
SNAL
高出9.7%
-13.2%
两年增速更快
SNAL
近两年复合增速
16.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.3M | $25.1M |
| 净利润 | $-1.8M | $-862.2K |
| 毛利率 | 34.1% | 38.3% |
| 营业利润率 | -13.5% | -6.0% |
| 净利率 | -13.2% | -3.4% |
| 营收同比 | 15.0% | -4.2% |
| 净利润同比 | -341.4% | -177.0% |
| 每股收益（稀释后） | — | — |
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LSFSNAL
| Q4 25 | $13.3M | $25.1M | ||
| Q3 25 | $12.9M | $13.8M | ||
| Q2 25 | $12.0M | $22.2M | ||
| Q1 25 | $11.7M | $20.1M | ||
| Q4 24 | $11.6M | $26.2M | ||
| Q3 24 | $11.8M | $22.5M | ||
| Q2 24 | $10.0M | $21.6M | ||
| Q1 24 | $9.9M | $14.1M |
净利润LSFSNAL
| Q4 25 | $-1.8M | $-862.2K | ||
| Q3 25 | $-975.1K | $-7.9M | ||
| Q2 25 | $-362.2K | $-16.6M | ||
| Q1 25 | $-156.2K | $-1.9M | ||
| Q4 24 | $-398.4K | $1.1M | ||
| Q3 24 | $-166.1K | $235.1K | ||
| Q2 24 | $-239.1K | $2.3M | ||
| Q1 24 | $-1.0M | $-1.8M |
毛利率LSFSNAL
| Q4 25 | 34.1% | 38.3% | ||
| Q3 25 | 36.5% | 0.1% | ||
| Q2 25 | 39.9% | 31.3% | ||
| Q1 25 | 41.9% | 29.1% | ||
| Q4 24 | 38.6% | 43.3% | ||
| Q3 24 | 43.0% | 38.6% | ||
| Q2 24 | 41.8% | 37.5% | ||
| Q1 24 | 40.0% | 14.7% |
营业利润率LSFSNAL
| Q4 25 | -13.5% | -6.0% | ||
| Q3 25 | -7.7% | -71.3% | ||
| Q2 25 | -3.3% | -8.2% | ||
| Q1 25 | -1.9% | -20.4% | ||
| Q4 24 | -4.1% | 11.5% | ||
| Q3 24 | -2.3% | 1.8% | ||
| Q2 24 | -3.4% | 12.4% | ||
| Q1 24 | -11.0% | -15.6% |
净利率LSFSNAL
| Q4 25 | -13.2% | -3.4% | ||
| Q3 25 | -7.6% | -56.9% | ||
| Q2 25 | -3.0% | -74.7% | ||
| Q1 25 | -1.3% | -9.7% | ||
| Q4 24 | -3.4% | 4.3% | ||
| Q3 24 | -1.4% | 1.0% | ||
| Q2 24 | -2.4% | 10.4% | ||
| Q1 24 | -10.3% | -12.6% |
每股收益（稀释后）LSFSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.44 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $-0.05 |
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 | $5.1M | $8.6M |
| 总债务越低越好 | — | $14.6M |
| 股东权益账面价值 | $11.5M | $-16.4M |
| 总资产 | $19.2M | $59.3M |
| 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LSFSNAL
| Q4 25 | $5.1M | $8.6M | ||
| Q3 25 | $5.1M | $12.3M | ||
| Q2 25 | $3.9M | $7.9M | ||
| Q1 25 | $7.0M | $9.4M | ||
| Q4 24 | $8.3M | $7.3M | ||
| Q3 24 | $7.9M | $10.6M | ||
| Q2 24 | $7.6M | $15.5M | ||
| Q1 24 | $7.1M | $16.1M |
总债务LSFSNAL
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $5.8M | ||
| Q1 24 | — | $6.5M |
股东权益LSFSNAL
| Q4 25 | $11.5M | $-16.4M | ||
| Q3 25 | $12.8M | $-15.6M | ||
| Q2 25 | $13.4M | $-8.0M | ||
| Q1 25 | $13.3M | $9.1M | ||
| Q4 24 | $13.2M | $9.7M | ||
| Q3 24 | $13.1M | $8.2M | ||
| Q2 24 | $12.6M | $7.9M | ||
| Q1 24 | $12.7M | $5.6M |
总资产LSFSNAL
| Q4 25 | $19.2M | $59.3M | ||
| Q3 25 | $18.9M | $51.1M | ||
| Q2 25 | $20.4M | $58.0M | ||
| Q1 25 | $21.5M | $64.5M | ||
| Q4 24 | $19.3M | $62.2M | ||
| Q3 24 | $18.8M | $66.8M | ||
| Q2 24 | $18.0M | $75.4M | ||
| Q1 24 | $17.6M | $78.3M |
负债/权益比LSFSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | — | 1.16× |
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 | $68.4K | $-5.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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LSFSNAL
| Q4 25 | $68.4K | $-5.3M | ||
| Q3 25 | $1.2M | $6.6M | ||
| Q2 25 | $-2.8M | $-3.2M | ||
| Q1 25 | $-1.3M | $764.5K | ||
| Q4 24 | $339.2K | $-3.6M | ||
| Q3 24 | $305.8K | $-5.0M | ||
| Q2 24 | $642.7K | $206.6K | ||
| Q1 24 | $-422.3K | $6.8M |
现金转化率LSFSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.21× | ||
| Q3 24 | — | -21.05× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | — |
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
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
