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Neptune Insurance Holdings Inc.（NP）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是Neptune Insurance Holdings Inc.的1.2倍（$47.1M vs $37.8M），Neptune Insurance Holdings Inc.净利率更高（0.1% vs -33.9%，领先34.0%），Neptune Insurance Holdings Inc.同比增速更快（28.8% vs -15.6%）
海王星保险控股有限公司是一家专业保险控股企业，主要经营财产及意外伤害保险业务，核心产品覆盖美国市场的住宅与商业洪水保险，服务个人消费者及中小型商业客户，依托数据分析实现精准定价和高效风险管理。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
NP vs STEM — 直观对比
营收规模更大
STEM
是对方的1.2倍
$37.8M
营收增速更快
NP
高出44.3%
-15.6%
净利率更高
NP
高出34.0%
-33.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.8M | $47.1M |
| 净利润 | $50.0K | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | — | -17.7% |
| 净利率 | 0.1% | -33.9% |
| 营收同比 | 28.8% | -15.6% |
| 净利润同比 | 0.0% | 68.8% |
| 每股收益（稀释后） | $0.05 | $-4.40 |
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NPSTEM
| Q1 26 | $37.8M | — | ||
| Q4 25 | — | $47.1M | ||
| Q3 25 | $44.4M | $38.2M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | — | $55.8M | ||
| Q3 24 | $33.8M | $29.3M | ||
| Q2 24 | — | $34.0M |
净利润NPSTEM
| Q1 26 | $50.0K | — | ||
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $11.5M | $-23.8M | ||
| Q2 25 | — | $202.5M | ||
| Q1 25 | — | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $12.1M | $-148.3M | ||
| Q2 24 | — | $-582.3M |
毛利率NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% |
营业利润率NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | -17.7% | ||
| Q3 25 | 46.7% | -33.6% | ||
| Q2 25 | — | -34.8% | ||
| Q1 25 | — | -65.0% | ||
| Q4 24 | — | -84.4% | ||
| Q3 24 | 58.6% | -493.2% | ||
| Q2 24 | — | -1705.5% |
净利率NPSTEM
| Q1 26 | 0.1% | — | ||
| Q4 25 | — | -33.9% | ||
| Q3 25 | 25.9% | -62.2% | ||
| Q2 25 | — | 527.8% | ||
| Q1 25 | — | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | 35.8% | -506.3% | ||
| Q2 24 | — | -1712.6% |
每股收益（稀释后）NPSTEM
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $-4.40 | ||
| Q3 25 | $0.06 | $-2.84 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $-15.29 | ||
| Q3 24 | $0.06 | $-18.24 | ||
| Q2 24 | — | $-71.81 |
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 | — | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $-249.4M |
| 总资产 | — | $308.9M |
| 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NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | $48.9M | ||
| Q3 25 | $12.2M | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M |
总债务NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $247.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | $-249.4M | ||
| Q3 25 | $-509.5M | $-235.7M | ||
| Q2 25 | — | $-214.1M | ||
| Q1 25 | — | $-417.5M | ||
| Q4 24 | — | $-398.4M | ||
| Q3 24 | $-374.3M | $-344.1M | ||
| Q2 24 | — | $-203.2M |
总资产NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | $308.9M | ||
| Q3 25 | $89.6M | $362.6M | ||
| Q2 25 | — | $379.2M | ||
| Q1 25 | — | $405.1M | ||
| Q4 24 | — | $437.4M | ||
| Q3 24 | — | $537.8M | ||
| Q2 24 | — | $691.5M |
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 | — | $8.2M |
| 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 | — | — |
| 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NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | $8.2M | ||
| Q3 25 | $38.9M | $11.4M | ||
| Q2 25 | — | $-21.3M | ||
| Q1 25 | — | $8.5M | ||
| Q4 24 | — | $-14.7M | ||
| Q3 24 | — | $-9.4M | ||
| Q2 24 | — | $-11.9M |
现金转化率NPSTEM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.38× | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
