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FiscalNote Holdings, Inc.（NOTE）与Alpine Income Property Trust, Inc.（PINE）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是Alpine Income Property Trust, Inc.的1.2倍（$22.2M vs $18.4M），Alpine Income Property Trust, Inc.同比增速更快（29.6% vs -24.7%），过去两年Alpine Income Property Trust, Inc.的营收复合增速更高（21.4% vs -16.8%）
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
Alpine Income Property Trust, Inc.是一家公开交易的房地产投资信托，持有并运营美国各地的单租户净租赁商业地产组合，核心资产板块包括民生零售、工业及郊区办公物业，通过稳定的经常性租金收入为股东提供持续回报。
NOTE vs PINE — 直观对比
营收规模更大
NOTE
是对方的1.2倍
$18.4M
营收增速更快
PINE
高出54.2%
-24.7%
两年增速更快
PINE
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.2M | $18.4M |
| 净利润 | — | $2.2M |
| 毛利率 | — | — |
| 营业利润率 | -83.7% | 35.4% |
| 净利率 | — | 11.9% |
| 营收同比 | -24.7% | 29.6% |
| 净利润同比 | — | 285.3% |
| 每股收益（稀释后） | $-2.81 | $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NOTEPINE
| Q1 26 | — | $18.4M | ||
| Q4 25 | $22.2M | $16.9M | ||
| Q3 25 | $22.4M | $14.6M | ||
| Q2 25 | $23.3M | $14.9M | ||
| Q1 25 | $27.5M | $14.2M | ||
| Q4 24 | $29.5M | $13.8M | ||
| Q3 24 | $29.4M | $13.5M | ||
| Q2 24 | $29.2M | $12.5M |
净利润NOTEPINE
| Q1 26 | — | $2.2M | ||
| Q4 25 | — | $1.5M | ||
| Q3 25 | $-24.9M | $-1.3M | ||
| Q2 25 | $-13.3M | $-1.6M | ||
| Q1 25 | $-4.3M | $-1.2M | ||
| Q4 24 | — | $-958.0K | ||
| Q3 24 | $-14.9M | $3.1M | ||
| Q2 24 | $-12.8M | $204.0K |
营业利润率NOTEPINE
| Q1 26 | — | 35.4% | ||
| Q4 25 | -83.7% | 35.3% | ||
| Q3 25 | -43.4% | 16.6% | ||
| Q2 25 | -31.9% | 16.8% | ||
| Q1 25 | -50.0% | 16.0% | ||
| Q4 24 | -19.4% | 14.3% | ||
| Q3 24 | -23.1% | 47.9% | ||
| Q2 24 | -27.2% | 24.0% |
净利率NOTEPINE
| Q1 26 | — | 11.9% | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | -110.8% | -9.0% | ||
| Q2 25 | -57.0% | -11.0% | ||
| Q1 25 | -15.4% | -8.3% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | -50.7% | 22.8% | ||
| Q2 24 | -43.6% | 1.6% |
每股收益（稀释后）NOTEPINE
| Q1 26 | — | $0.06 | ||
| Q4 25 | $-2.81 | $0.07 | ||
| Q3 25 | $-1.73 | $-0.09 | ||
| Q2 25 | $-0.08 | $-0.12 | ||
| Q1 25 | $-0.03 | $-0.08 | ||
| Q4 24 | $1.88 | $-0.06 | ||
| Q3 24 | $-1.33 | $0.21 | ||
| Q2 24 | $-0.09 | $0.01 |
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 | $26.3M | $2.6M |
| 总债务越低越好 | $128.4M | — |
| 股东权益账面价值 | $62.0M | $312.5M |
| 总资产 | $255.1M | $745.1M |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资NOTEPINE
| Q1 26 | — | $2.6M | ||
| Q4 25 | $26.3M | $4.6M | ||
| Q3 25 | $31.2M | $1.2M | ||
| Q2 25 | $38.5M | $5.0M | ||
| Q1 25 | $46.3M | $6.1M | ||
| Q4 24 | $34.6M | $1.6M | ||
| Q3 24 | $32.7M | $2.6M | ||
| Q2 24 | $37.7M | $3.3M |
总债务NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | $128.4M | $377.7M | ||
| Q3 25 | $131.5M | $358.2M | ||
| Q2 25 | $116.7M | $352.6M | ||
| Q1 25 | $118.0M | $356.5M | ||
| Q4 24 | $147.1M | $301.5M | ||
| Q3 24 | $152.2M | $278.9M | ||
| Q2 24 | $145.9M | $268.3M |
股东权益NOTEPINE
| Q1 26 | — | $312.5M | ||
| Q4 25 | $62.0M | $279.9M | ||
| Q3 25 | $75.5M | $223.5M | ||
| Q2 25 | $95.1M | $229.8M | ||
| Q1 25 | $98.7M | $240.9M | ||
| Q4 24 | $97.8M | $253.0M | ||
| Q3 24 | $98.5M | $248.2M | ||
| Q2 24 | $106.9M | $244.0M |
总资产NOTEPINE
| Q1 26 | — | $745.1M | ||
| Q4 25 | $255.1M | $715.9M | ||
| Q3 25 | $273.9M | $621.4M | ||
| Q2 25 | $288.3M | $628.4M | ||
| Q1 25 | $299.7M | $647.4M | ||
| Q4 24 | $326.2M | $605.0M | ||
| Q3 24 | $337.9M | $579.0M | ||
| Q2 24 | $346.3M | $565.8M |
负债/权益比NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 1.35× | ||
| Q3 25 | 1.74× | 1.60× | ||
| Q2 25 | 1.23× | 1.53× | ||
| Q1 25 | 1.20× | 1.48× | ||
| Q4 24 | 1.50× | 1.19× | ||
| Q3 24 | 1.54× | 1.12× | ||
| Q2 24 | 1.36× | 1.10× |
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 | $-279.0K | — |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | — |
| 自由现金流率自由现金流/营收 | -8.7% | — |
| 资本支出强度资本支出/营收 | 7.4% | — |
| 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 | $-18.6M | — |
8季度趋势，按日历期对齐
经营现金流NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | $-279.0K | $25.8M | ||
| Q3 25 | $-8.3M | $8.7M | ||
| Q2 25 | $-6.2M | $9.1M | ||
| Q1 25 | $3.3M | $5.8M | ||
| Q4 24 | $-1.3M | $23.4M | ||
| Q3 24 | $-3.0M | $6.2M | ||
| Q2 24 | $-3.7M | $8.0M |
自由现金流NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | $-1.9M | $-87.8M | ||
| Q3 25 | $-10.4M | $-48.8M | ||
| Q2 25 | $-7.7M | $-3.0M | ||
| Q1 25 | $1.3M | $-55.5M | ||
| Q4 24 | $-3.4M | $-33.4M | ||
| Q3 24 | $-5.4M | $-43.0M | ||
| Q2 24 | $-6.5M | $-13.5M |
自由现金流率NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | -8.7% | -519.4% | ||
| Q3 25 | -46.2% | -334.9% | ||
| Q2 25 | -33.0% | -20.0% | ||
| Q1 25 | 4.7% | -391.0% | ||
| Q4 24 | -11.4% | -242.4% | ||
| Q3 24 | -18.4% | -319.3% | ||
| Q2 24 | -22.1% | -108.0% |
资本支出强度NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 671.8% | ||
| Q3 25 | 9.3% | 394.8% | ||
| Q2 25 | 6.4% | 81.2% | ||
| Q1 25 | 7.2% | 432.0% | ||
| Q4 24 | 6.8% | 412.3% | ||
| Q3 24 | 8.3% | 365.4% | ||
| Q2 24 | 9.4% | 172.3% |
现金转化率NOTEPINE
| Q1 26 | — | — | ||
| Q4 25 | — | 17.48× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.02× | ||
| Q2 24 | — | 39.37× |
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
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
PINE
| Lease Income | $12.6M | 68% |
| Other | $5.8M | 31% |
| Other Revenue | $46.0K | 0% |
