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EVERSPIN TECHNOLOGIES INC.（MRAM）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
REDWOOD TRUST INC的季度营收约是EVERSPIN TECHNOLOGIES INC.的1.7倍（$25.9M vs $14.9M），REDWOOD TRUST INC净利率更高（77.2% vs -2.0%，领先79.2%），EVERSPIN TECHNOLOGIES INC.同比增速更快（13.2% vs -6.1%），过去两年EVERSPIN TECHNOLOGIES INC.的营收复合增速更高（18.2% vs -41.0%）
Everspin Technologies是一家总部位于美国亚利桑那州钱德勒的上市半导体企业，核心业务为研发生产磁阻随机存取存储器（MRAM）产品，涵盖Toggle MRAM与自旋转移矩MRAM两大产品系列，同时也对外授权嵌入式MRAM、磁传感器相关技术，并提供嵌入式MRAM后道代工服务。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
MRAM vs RWT — 直观对比
营收规模更大
RWT
是对方的1.7倍
$14.9M
营收增速更快
MRAM
高出19.3%
-6.1%
净利率更高
RWT
高出79.2%
-2.0%
两年增速更快
MRAM
近两年复合增速
-41.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $14.9M | $25.9M |
| 净利润 | $-296.0K | $20.0M |
| 毛利率 | 52.7% | — |
| 营业利润率 | 29.0% | — |
| 净利率 | -2.0% | 77.2% |
| 营收同比 | 13.2% | -6.1% |
| 净利润同比 | — | 402.6% |
| 每股收益（稀释后） | $-0.01 | $0.11 |
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MRAMRWT
| Q1 26 | $14.9M | — | ||
| Q4 25 | $14.8M | $25.9M | ||
| Q3 25 | $14.1M | $15.0M | ||
| Q2 25 | $13.2M | $13.8M | ||
| Q1 25 | $13.1M | $27.9M | ||
| Q4 24 | $13.2M | $27.6M | ||
| Q3 24 | $12.1M | $25.5M | ||
| Q2 24 | $10.6M | $67.4M |
净利润MRAMRWT
| Q1 26 | $-296.0K | — | ||
| Q4 25 | $1.2M | $20.0M | ||
| Q3 25 | $54.0K | $-7.7M | ||
| Q2 25 | $-670.0K | $-98.5M | ||
| Q1 25 | $-1.2M | $16.1M | ||
| Q4 24 | $1.2M | $-6.6M | ||
| Q3 24 | $2.3M | $14.8M | ||
| Q2 24 | $-2.5M | $15.5M |
毛利率MRAMRWT
| Q1 26 | 52.7% | — | ||
| Q4 25 | 50.8% | — | ||
| Q3 25 | 51.3% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 51.4% | — | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.2% | — | ||
| Q2 24 | 49.0% | — |
营业利润率MRAMRWT
| Q1 26 | 29.0% | — | ||
| Q4 25 | -7.2% | — | ||
| Q3 25 | -11.0% | -9.0% | ||
| Q2 25 | -14.9% | -679.0% | ||
| Q1 25 | -14.7% | 80.2% | ||
| Q4 24 | -11.8% | -1.3% | ||
| Q3 24 | -17.5% | 86.1% | ||
| Q2 24 | -26.5% | 30.3% |
净利率MRAMRWT
| Q1 26 | -2.0% | — | ||
| Q4 25 | 8.1% | 77.2% | ||
| Q3 25 | 0.4% | -51.4% | ||
| Q2 25 | -5.1% | -712.0% | ||
| Q1 25 | -8.9% | 57.8% | ||
| Q4 24 | 9.2% | -24.0% | ||
| Q3 24 | 18.8% | 58.1% | ||
| Q2 24 | -23.5% | 23.0% |
每股收益（稀释后）MRAMRWT
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $0.05 | $0.11 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $-0.03 | $-0.76 | ||
| Q1 25 | $-0.05 | $0.10 | ||
| Q4 24 | $0.07 | $-0.08 | ||
| Q3 24 | $0.10 | $0.09 | ||
| Q2 24 | $-0.12 | $0.10 |
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 | $40.5M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $70.2M | $982.6M |
| 总资产 | $83.2M | $23.7B |
| 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MRAMRWT
| Q1 26 | $40.5M | — | ||
| Q4 25 | $44.5M | $255.7M | ||
| Q3 25 | $45.3M | $226.3M | ||
| Q2 25 | $45.0M | $302.0M | ||
| Q1 25 | $42.2M | $259.9M | ||
| Q4 24 | $42.1M | $245.2M | ||
| Q3 24 | $39.6M | $253.7M | ||
| Q2 24 | $36.8M | $275.6M |
股东权益MRAMRWT
| Q1 26 | $70.2M | — | ||
| Q4 25 | $68.9M | $982.6M | ||
| Q3 25 | $65.8M | $999.0M | ||
| Q2 25 | $64.1M | $1.1B | ||
| Q1 25 | $63.0M | $1.2B | ||
| Q4 24 | $62.6M | $1.2B | ||
| Q3 24 | $59.3M | $1.2B | ||
| Q2 24 | $55.4M | $1.2B |
总资产MRAMRWT
| Q1 26 | $83.2M | — | ||
| Q4 25 | $84.6M | $23.7B | ||
| Q3 25 | $80.3M | $22.6B | ||
| Q2 25 | $78.9M | $21.3B | ||
| Q1 25 | $80.2M | $19.9B | ||
| Q4 24 | $77.8M | $18.3B | ||
| Q3 24 | $72.6M | $18.4B | ||
| Q2 24 | $64.6M | $16.5B |
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 | $570.0K | $-10.1B |
| 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 | — | -504.15× |
| 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MRAMRWT
| Q1 26 | $570.0K | — | ||
| Q4 25 | $2.6M | $-10.1B | ||
| Q3 25 | $881.0K | $-2.7B | ||
| Q2 25 | $5.0M | $-2.1B | ||
| Q1 25 | $1.4M | $-2.0B | ||
| Q4 24 | $3.8M | $-5.9B | ||
| Q3 24 | $2.8M | $-2.1B | ||
| Q2 24 | $1.7M | $-2.0B |
自由现金流MRAMRWT
| Q1 26 | — | — | ||
| Q4 25 | $-975.0K | — | ||
| Q3 25 | $543.0K | — | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $527.0K | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $2.8M | — | ||
| Q2 24 | $1.7M | — |
自由现金流率MRAMRWT
| Q1 26 | — | — | ||
| Q4 25 | -6.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 15.9% | — |
资本支出强度MRAMRWT
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 6.9% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.3% | — |
现金转化率MRAMRWT
| Q1 26 | — | — | ||
| Q4 25 | 2.19× | -504.15× | ||
| Q3 25 | 16.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | 3.16× | — | ||
| Q3 24 | 1.25× | -140.86× | ||
| Q2 24 | — | -126.56× |
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
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
RWT
暂无分部数据
