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微策略（MSTR）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
POWER SOLUTIONS INTERNATIONAL, INC.的季度营收约是微策略的1.6倍（$191.2M vs $123.0M），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 1.9%），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs 3.3%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
MSTR vs PSIX — 直观对比
营收规模更大
PSIX
是对方的1.6倍
$123.0M
营收增速更快
PSIX
高出30.6%
1.9%
两年增速更快
PSIX
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $191.2M |
| 净利润 | — | $16.1M |
| 毛利率 | 66.1% | 21.9% |
| 营业利润率 | — | 12.7% |
| 净利率 | — | 8.4% |
| 营收同比 | 1.9% | 32.5% |
| 净利润同比 | — | -31.0% |
| 每股收益（稀释后） | — | $0.69 |
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MSTRPSIX
| Q4 25 | $123.0M | $191.2M | ||
| Q3 25 | $128.7M | $203.8M | ||
| Q2 25 | $114.5M | $191.9M | ||
| Q1 25 | $111.1M | $135.4M | ||
| Q4 24 | $120.7M | $144.3M | ||
| Q3 24 | $116.1M | $125.8M | ||
| Q2 24 | $111.4M | $110.6M | ||
| Q1 24 | $115.2M | $95.2M |
净利润MSTRPSIX
| Q4 25 | — | $16.1M | ||
| Q3 25 | $2.8B | $27.6M | ||
| Q2 25 | $10.0B | $51.2M | ||
| Q1 25 | $-4.2B | $19.1M | ||
| Q4 24 | $-670.8M | $23.3M | ||
| Q3 24 | $-340.2M | $17.3M | ||
| Q2 24 | $-102.6M | $21.5M | ||
| Q1 24 | $-53.1M | $7.1M |
毛利率MSTRPSIX
| Q4 25 | 66.1% | 21.9% | ||
| Q3 25 | 70.5% | 23.9% | ||
| Q2 25 | 68.8% | 28.2% | ||
| Q1 25 | 69.4% | 29.7% | ||
| Q4 24 | 71.7% | 29.9% | ||
| Q3 24 | 70.4% | 28.9% | ||
| Q2 24 | 72.2% | 31.8% | ||
| Q1 24 | 74.0% | 27.0% |
营业利润率MSTRPSIX
| Q4 25 | — | 12.7% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | -5331.4% | 18.2% | ||
| Q4 24 | -842.1% | 17.5% | ||
| Q3 24 | -372.7% | 16.3% | ||
| Q2 24 | -179.7% | 22.9% | ||
| Q1 24 | -176.8% | 11.2% |
净利率MSTRPSIX
| Q4 25 | — | 8.4% | ||
| Q3 25 | 2164.1% | 13.5% | ||
| Q2 25 | 8752.7% | 26.7% | ||
| Q1 25 | -3797.2% | 14.1% | ||
| Q4 24 | -555.8% | 16.1% | ||
| Q3 24 | -293.1% | 13.8% | ||
| Q2 24 | -92.0% | 19.5% | ||
| Q1 24 | -46.1% | 7.5% |
每股收益（稀释后）MSTRPSIX
| Q4 25 | — | $0.69 | ||
| Q3 25 | $8.42 | $1.20 | ||
| Q2 25 | $32.60 | $2.22 | ||
| Q1 25 | $-16.49 | $0.83 | ||
| Q4 24 | $4.49 | $1.01 | ||
| Q3 24 | $-1.72 | $0.75 | ||
| Q2 24 | $-0.57 | $0.94 | ||
| Q1 24 | $-0.31 | $0.31 |
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 | $2.3B | $41.3M |
| 总债务越低越好 | $8.2B | $96.6M |
| 股东权益账面价值 | $44.1B | $178.6M |
| 总资产 | $61.6B | $424.7M |
| 负债/权益比越低杠杆越低 | 0.19× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资MSTRPSIX
| Q4 25 | $2.3B | $41.3M | ||
| Q3 25 | $54.3M | $49.0M | ||
| Q2 25 | $50.1M | $49.5M | ||
| Q1 25 | $60.3M | $50.0M | ||
| Q4 24 | $38.1M | $55.3M | ||
| Q3 24 | $46.3M | $40.5M | ||
| Q2 24 | $66.9M | $28.8M | ||
| Q1 24 | $81.3M | $33.1M |
总债务MSTRPSIX
| Q4 25 | $8.2B | $96.6M | ||
| Q3 25 | $8.2B | $96.7M | ||
| Q2 25 | $8.2B | $1.8M | ||
| Q1 25 | $8.1B | $1.0M | ||
| Q4 24 | $7.2B | $184.0K | ||
| Q3 24 | $4.2B | $238.0K | ||
| Q2 24 | $3.8B | $292.0K | ||
| Q1 24 | $3.6B | $345.0K |
股东权益MSTRPSIX
| Q4 25 | $44.1B | $178.6M | ||
| Q3 25 | $52.3B | $162.5M | ||
| Q2 25 | $47.5B | $135.7M | ||
| Q1 25 | $32.2B | $84.3M | ||
| Q4 24 | $18.2B | $65.3M | ||
| Q3 24 | $3.8B | $42.1M | ||
| Q2 24 | $2.8B | $24.8M | ||
| Q1 24 | $2.4B | $3.2M |
总资产MSTRPSIX
| Q4 25 | $61.6B | $424.7M | ||
| Q3 25 | $73.6B | $458.9M | ||
| Q2 25 | $64.8B | $437.7M | ||
| Q1 25 | $43.9B | $372.7M | ||
| Q4 24 | $25.8B | $328.2M | ||
| Q3 24 | $8.3B | $339.1M | ||
| Q2 24 | $7.1B | $307.6M | ||
| Q1 24 | $6.4B | $286.8M |
负债/权益比MSTRPSIX
| Q4 25 | 0.19× | 0.54× | ||
| Q3 25 | 0.16× | 0.60× | ||
| Q2 25 | 0.17× | 0.01× | ||
| Q1 25 | 0.25× | 0.01× | ||
| Q4 24 | 0.39× | 0.00× | ||
| Q3 24 | 1.12× | 0.01× | ||
| Q2 24 | 1.36× | 0.01× | ||
| Q1 24 | 1.48× | 0.11× |
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 | — | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-7.6M |
| 自由现金流率自由现金流/营收 | — | -4.0% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | — | $14.1M |
8季度趋势，按日历期对齐
经营现金流MSTRPSIX
| Q4 25 | — | $-4.6M | ||
| Q3 25 | $-8.3M | $3.3M | ||
| Q2 25 | $-34.9M | $16.7M | ||
| Q1 25 | $-2.4M | $8.8M | ||
| Q4 24 | $-17.3M | $32.7M | ||
| Q3 24 | $-41.0M | $12.6M | ||
| Q2 24 | $-23.3M | $1.5M | ||
| Q1 24 | $28.6M | $15.6M |
自由现金流MSTRPSIX
| Q4 25 | — | $-7.6M | ||
| Q3 25 | $-11.1M | $1.7M | ||
| Q2 25 | $-37.0M | $14.6M | ||
| Q1 25 | $-5.1M | $5.4M | ||
| Q4 24 | $-17.6M | $30.0M | ||
| Q3 24 | $-41.4M | $12.1M | ||
| Q2 24 | $-24.1M | $822.0K | ||
| Q1 24 | $27.0M | $14.8M |
自由现金流率MSTRPSIX
| Q4 25 | — | -4.0% | ||
| Q3 25 | -8.6% | 0.8% | ||
| Q2 25 | -32.3% | 7.6% | ||
| Q1 25 | -4.6% | 4.0% | ||
| Q4 24 | -14.6% | 20.8% | ||
| Q3 24 | -35.7% | 9.7% | ||
| Q2 24 | -21.6% | 0.7% | ||
| Q1 24 | 23.5% | 15.6% |
资本支出强度MSTRPSIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | 2.2% | 0.8% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 2.5% | 2.5% | ||
| Q4 24 | 0.2% | 1.8% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.6% | 0.6% | ||
| Q1 24 | 1.3% | 0.9% |
现金转化率MSTRPSIX
| Q4 25 | — | -0.29× | ||
| Q3 25 | -0.00× | 0.12× | ||
| Q2 25 | -0.00× | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 2.20× |
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
MSTR
暂无分部数据
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
