vs
微宏控股（MVST）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是微宏控股的1.0倍（$100.0M vs $96.4M），微宏控股净利率更高（17.2% vs -7.0%，领先24.2%），null同比增速更快（14.5% vs -15.0%），微宏控股自由现金流更多（$15.8M vs $14.1M），过去两年微宏控股的营收复合增速更高（8.9% vs -4.9%）
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
MVST vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.0倍
$96.4M
营收增速更快
SWIM
高出29.5%
-15.0%
净利率更高
MVST
高出24.2%
-7.0%
自由现金流更多
MVST
多$1.7M
$14.1M
两年增速更快
MVST
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $96.4M | $100.0M |
| 净利润 | $16.5M | $-7.0M |
| 毛利率 | 1.0% | 28.0% |
| 营业利润率 | -42.7% | -10.7% |
| 净利率 | 17.2% | -7.0% |
| 营收同比 | -15.0% | 14.5% |
| 净利润同比 | 120.1% | 76.0% |
| 每股收益（稀释后） | $0.19 | $-0.06 |
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MVSTSWIM
| Q4 25 | $96.4M | $100.0M | ||
| Q3 25 | $123.3M | $161.9M | ||
| Q2 25 | $91.3M | $172.6M | ||
| Q1 25 | $116.5M | $111.4M | ||
| Q4 24 | $113.4M | $87.3M | ||
| Q3 24 | $101.4M | $150.5M | ||
| Q2 24 | $83.7M | $160.1M | ||
| Q1 24 | $81.4M | $110.6M |
净利润MVSTSWIM
| Q4 25 | $16.5M | $-7.0M | ||
| Q3 25 | $-1.5M | $8.1M | ||
| Q2 25 | $-106.1M | $16.0M | ||
| Q1 25 | $61.8M | $-6.0M | ||
| Q4 24 | $-82.3M | $-29.2M | ||
| Q3 24 | $13.2M | $5.9M | ||
| Q2 24 | $-101.6M | $13.3M | ||
| Q1 24 | $-24.8M | $-7.9M |
毛利率MVSTSWIM
| Q4 25 | 1.0% | 28.0% | ||
| Q3 25 | 37.6% | 35.4% | ||
| Q2 25 | 34.7% | 37.1% | ||
| Q1 25 | 36.9% | 29.5% | ||
| Q4 24 | 36.6% | 24.6% | ||
| Q3 24 | 33.2% | 32.4% | ||
| Q2 24 | 32.5% | 33.1% | ||
| Q1 24 | 21.2% | 27.7% |
营业利润率MVSTSWIM
| Q4 25 | -42.7% | -10.7% | ||
| Q3 25 | 10.5% | 13.3% | ||
| Q2 25 | 17.8% | 14.3% | ||
| Q1 25 | 16.3% | -4.4% | ||
| Q4 24 | -1.2% | -14.9% | ||
| Q3 24 | 7.1% | 8.9% | ||
| Q2 24 | -118.0% | 12.5% | ||
| Q1 24 | -28.4% | -1.9% |
净利率MVSTSWIM
| Q4 25 | 17.2% | -7.0% | ||
| Q3 25 | -1.2% | 5.0% | ||
| Q2 25 | -116.1% | 9.3% | ||
| Q1 25 | 53.0% | -5.4% | ||
| Q4 24 | -72.6% | -33.4% | ||
| Q3 24 | 13.1% | 3.9% | ||
| Q2 24 | -121.4% | 8.3% | ||
| Q1 24 | -30.5% | -7.1% |
每股收益（稀释后）MVSTSWIM
| Q4 25 | $0.19 | $-0.06 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $-0.33 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $-0.24 | $-0.24 | ||
| Q3 24 | $0.03 | $0.05 | ||
| Q2 24 | $-0.32 | $0.11 | ||
| Q1 24 | $-0.08 | $-0.07 |
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 | $105.0M | — |
| 总债务越低越好 | $13.2M | $279.8M |
| 股东权益账面价值 | $410.5M | $405.9M |
| 总资产 | $1.0B | $823.2M |
| 负债/权益比越低杠杆越低 | 0.03× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资MVSTSWIM
| Q4 25 | $105.0M | — | ||
| Q3 25 | $90.7M | — | ||
| Q2 25 | $99.7M | — | ||
| Q1 25 | $90.9M | — | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $63.6M | — | ||
| Q2 24 | $68.2M | — | ||
| Q1 24 | $39.5M | — |
总债务MVSTSWIM
| Q4 25 | $13.2M | $279.8M | ||
| Q3 25 | $34.4M | $281.1M | ||
| Q2 25 | $34.2M | $281.5M | ||
| Q1 25 | $41.3M | $306.9M | ||
| Q4 24 | $41.1M | $281.5M | ||
| Q3 24 | $53.4M | $282.8M | ||
| Q2 24 | $34.2M | $282.4M | ||
| Q1 24 | $43.0M | $282.8M |
股东权益MVSTSWIM
| Q4 25 | $410.5M | $405.9M | ||
| Q3 25 | $358.1M | $408.4M | ||
| Q2 25 | $356.1M | $398.4M | ||
| Q1 25 | $454.2M | $381.1M | ||
| Q4 24 | $387.9M | $387.2M | ||
| Q3 24 | $486.1M | $416.6M | ||
| Q2 24 | $455.0M | $408.1M | ||
| Q1 24 | $546.1M | $391.8M |
总资产MVSTSWIM
| Q4 25 | $1.0B | $823.2M | ||
| Q3 25 | $1.0B | $844.4M | ||
| Q2 25 | $1.0B | $822.1M | ||
| Q1 25 | $982.9M | $824.6M | ||
| Q4 24 | $951.9M | $794.2M | ||
| Q3 24 | $997.9M | $853.4M | ||
| Q2 24 | $961.4M | $830.0M | ||
| Q1 24 | $1.0B | $808.6M |
负债/权益比MVSTSWIM
| Q4 25 | 0.03× | 0.69× | ||
| Q3 25 | 0.10× | 0.69× | ||
| Q2 25 | 0.10× | 0.71× | ||
| Q1 25 | 0.09× | 0.81× | ||
| Q4 24 | 0.11× | 0.73× | ||
| Q3 24 | 0.11× | 0.68× | ||
| Q2 24 | 0.08× | 0.69× | ||
| Q1 24 | 0.08× | 0.72× |
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 | $16.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $14.1M |
| 自由现金流率自由现金流/营收 | 16.4% | 14.1% |
| 资本支出强度资本支出/营收 | 0.7% | 9.2% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $56.1M | $38.0M |
8季度趋势，按日历期对齐
经营现金流MVSTSWIM
| Q4 25 | $16.4M | $23.3M | ||
| Q3 25 | $15.2M | $51.0M | ||
| Q2 25 | $37.2M | $36.0M | ||
| Q1 25 | $7.2M | $-46.9M | ||
| Q4 24 | $6.1M | $6.2M | ||
| Q3 24 | $-5.4M | $37.2M | ||
| Q2 24 | $111.0K | $52.4M | ||
| Q1 24 | $2.0M | $-34.5M |
自由现金流MVSTSWIM
| Q4 25 | $15.8M | $14.1M | ||
| Q3 25 | $1.2M | $45.2M | ||
| Q2 25 | $34.3M | $29.1M | ||
| Q1 25 | $4.8M | $-50.3M | ||
| Q4 24 | $5.7M | $-98.0K | ||
| Q3 24 | $-19.6M | $33.2M | ||
| Q2 24 | $-2.8M | $47.9M | ||
| Q1 24 | $-8.2M | $-39.9M |
自由现金流率MVSTSWIM
| Q4 25 | 16.4% | 14.1% | ||
| Q3 25 | 1.0% | 27.9% | ||
| Q2 25 | 37.5% | 16.8% | ||
| Q1 25 | 4.1% | -45.2% | ||
| Q4 24 | 5.1% | -0.1% | ||
| Q3 24 | -19.3% | 22.1% | ||
| Q2 24 | -3.4% | 29.9% | ||
| Q1 24 | -10.1% | -36.0% |
资本支出强度MVSTSWIM
| Q4 25 | 0.7% | 9.2% | ||
| Q3 25 | 11.3% | 3.6% | ||
| Q2 25 | 3.1% | 4.0% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 0.3% | 7.2% | ||
| Q3 24 | 14.0% | 2.7% | ||
| Q2 24 | 3.5% | 2.8% | ||
| Q1 24 | 12.6% | 4.8% |
现金转化率MVSTSWIM
| Q4 25 | 0.99× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.41× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
