vs
微策略（MSTR）与ROGERS CORP（ROG）财务数据对比。点击上方公司名可切换其他公司
ROGERS CORP的季度营收约是微策略的1.6倍（$200.5M vs $123.0M），ROGERS CORP同比增速更快（5.2% vs 1.9%），过去两年微策略的营收复合增速更高（3.3% 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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
MSTR vs ROG — 直观对比
营收规模更大
ROG
是对方的1.6倍
$123.0M
营收增速更快
ROG
高出3.4%
1.9%
两年增速更快
MSTR
近两年复合增速
-3.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $200.5M |
| 净利润 | — | $4.5M |
| 毛利率 | 66.1% | 32.2% |
| 营业利润率 | — | — |
| 净利率 | — | 2.2% |
| 营收同比 | 1.9% | 5.2% |
| 净利润同比 | — | 421.4% |
| 每股收益（稀释后） | — | $0.25 |
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MSTRROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $123.0M | $201.5M | ||
| Q3 25 | $128.7M | $216.0M | ||
| Q2 25 | $114.5M | $202.8M | ||
| Q1 25 | $111.1M | $190.5M | ||
| Q4 24 | $120.7M | $192.2M | ||
| Q3 24 | $116.1M | $210.3M | ||
| Q2 24 | $111.4M | $214.2M |
净利润MSTRROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $2.8B | $8.6M | ||
| Q2 25 | $10.0B | $-73.6M | ||
| Q1 25 | $-4.2B | $-1.4M | ||
| Q4 24 | $-670.8M | $-500.0K | ||
| Q3 24 | $-340.2M | $10.7M | ||
| Q2 24 | $-102.6M | $8.1M |
毛利率MSTRROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | 66.1% | 31.5% | ||
| Q3 25 | 70.5% | 33.5% | ||
| Q2 25 | 68.8% | 31.6% | ||
| Q1 25 | 69.4% | 29.9% | ||
| Q4 24 | 71.7% | 32.1% | ||
| Q3 24 | 70.4% | 35.2% | ||
| Q2 24 | 72.2% | 34.1% |
营业利润率MSTRROG
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | -33.3% | ||
| Q1 25 | -5331.4% | -0.2% | ||
| Q4 24 | -842.1% | -6.6% | ||
| Q3 24 | -372.7% | 6.9% | ||
| Q2 24 | -179.7% | 5.3% |
净利率MSTRROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2164.1% | 4.0% | ||
| Q2 25 | 8752.7% | -36.3% | ||
| Q1 25 | -3797.2% | -0.7% | ||
| Q4 24 | -555.8% | -0.3% | ||
| Q3 24 | -293.1% | 5.1% | ||
| Q2 24 | -92.0% | 3.8% |
每股收益（稀释后）MSTRROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $8.42 | $0.48 | ||
| Q2 25 | $32.60 | $-4.00 | ||
| Q1 25 | $-16.49 | $-0.08 | ||
| Q4 24 | $4.49 | $-0.04 | ||
| Q3 24 | $-1.72 | $0.58 | ||
| Q2 24 | $-0.57 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $1.2B |
| 总资产 | $61.6B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资MSTRROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $2.3B | $197.0M | ||
| Q3 25 | $54.3M | $167.8M | ||
| Q2 25 | $50.1M | $157.2M | ||
| Q1 25 | $60.3M | $175.6M | ||
| Q4 24 | $38.1M | $159.8M | ||
| Q3 24 | $46.3M | $146.4M | ||
| Q2 24 | $66.9M | $119.9M |
总债务MSTRROG
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.8B | — |
股东权益MSTRROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $44.1B | $1.2B | ||
| Q3 25 | $52.3B | $1.2B | ||
| Q2 25 | $47.5B | $1.2B | ||
| Q1 25 | $32.2B | $1.3B | ||
| Q4 24 | $18.2B | $1.3B | ||
| Q3 24 | $3.8B | $1.3B | ||
| Q2 24 | $2.8B | $1.3B |
总资产MSTRROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $61.6B | $1.4B | ||
| Q3 25 | $73.6B | $1.4B | ||
| Q2 25 | $64.8B | $1.5B | ||
| Q1 25 | $43.9B | $1.5B | ||
| Q4 24 | $25.8B | $1.5B | ||
| Q3 24 | $8.3B | $1.5B | ||
| Q2 24 | $7.1B | $1.5B |
负债/权益比MSTRROG
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.36× | — |
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 | — | $5.8M |
| 自由现金流经营现金流 - 资本支出 | — | $1.1M |
| 自由现金流率自由现金流/营收 | — | 0.5% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | — | $70.1M |
8季度趋势，按日历期对齐
经营现金流MSTRROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $-8.3M | $28.9M | ||
| Q2 25 | $-34.9M | $13.7M | ||
| Q1 25 | $-2.4M | $11.7M | ||
| Q4 24 | $-17.3M | $33.7M | ||
| Q3 24 | $-41.0M | $42.4M | ||
| Q2 24 | $-23.3M | $22.9M |
自由现金流MSTRROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | $-11.1M | $21.2M | ||
| Q2 25 | $-37.0M | $5.6M | ||
| Q1 25 | $-5.1M | $2.1M | ||
| Q4 24 | $-17.6M | $18.3M | ||
| Q3 24 | $-41.4M | $25.2M | ||
| Q2 24 | $-24.1M | $8.8M |
自由现金流率MSTRROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | -8.6% | 9.8% | ||
| Q2 25 | -32.3% | 2.8% | ||
| Q1 25 | -4.6% | 1.1% | ||
| Q4 24 | -14.6% | 9.5% | ||
| Q3 24 | -35.7% | 12.0% | ||
| Q2 24 | -21.6% | 4.1% |
资本支出强度MSTRROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2.2% | 3.6% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 2.5% | 5.0% | ||
| Q4 24 | 0.2% | 8.0% | ||
| Q3 24 | 0.4% | 8.2% | ||
| Q2 24 | 0.6% | 6.6% |
现金转化率MSTRROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | -0.00× | 3.36× | ||
| Q2 25 | -0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
