vs
National Storage Affiliates Trust（NSA）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是National Storage Affiliates Trust的1.2倍（$225.2M vs $187.0M），National Storage Affiliates Trust净利率更高（12.2% vs -375.6%，领先387.9%），PLUG POWER INC同比增速更快（17.6% vs -1.6%），National Storage Affiliates Trust自由现金流更多（$299.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -2.4%）
National Storage Affiliates Trust是一家总部位于美国的房地产投资信托，专注于自助仓储资产，在美国数十个州持有、运营及收购自助仓储设施，为居民和商业客户提供安全的存储服务。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
NSA vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.2倍
$187.0M
营收增速更快
PLUG
高出19.3%
-1.6%
净利率更高
NSA
高出387.9%
-375.6%
自由现金流更多
NSA
多$452.8M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.0M | $225.2M |
| 净利润 | $22.9M | $-846.0M |
| 毛利率 | 72.5% | 2.4% |
| 营业利润率 | 20.2% | -338.9% |
| 净利率 | 12.2% | -375.6% |
| 营收同比 | -1.6% | 17.6% |
| 净利润同比 | 36.8% | 36.7% |
| 每股收益（稀释后） | $0.23 | $-0.70 |
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NSAPLUG
| Q4 25 | $187.0M | $225.2M | ||
| Q3 25 | $188.7M | $177.1M | ||
| Q2 25 | $188.8M | $174.0M | ||
| Q1 25 | $188.4M | $133.7M | ||
| Q4 24 | $190.1M | $191.5M | ||
| Q3 24 | $193.6M | $173.7M | ||
| Q2 24 | $190.4M | $143.3M | ||
| Q1 24 | $196.1M | $120.3M |
净利润NSAPLUG
| Q4 25 | $22.9M | $-846.0M | ||
| Q3 25 | $18.4M | $-361.9M | ||
| Q2 25 | $19.5M | $-227.1M | ||
| Q1 25 | $13.0M | $-196.7M | ||
| Q4 24 | $16.7M | $-1.3B | ||
| Q3 24 | $18.7M | $-211.2M | ||
| Q2 24 | $17.1M | $-262.3M | ||
| Q1 24 | $59.0M | $-295.8M |
毛利率NSAPLUG
| Q4 25 | 72.5% | 2.4% | ||
| Q3 25 | 70.7% | -67.9% | ||
| Q2 25 | 70.5% | -30.7% | ||
| Q1 25 | 70.7% | -55.3% | ||
| Q4 24 | 72.5% | -122.5% | ||
| Q3 24 | 72.8% | -57.6% | ||
| Q2 24 | 72.6% | -91.6% | ||
| Q1 24 | 72.1% | -132.3% |
营业利润率NSAPLUG
| Q4 25 | 20.2% | -338.9% | ||
| Q3 25 | 15.8% | -197.0% | ||
| Q2 25 | 16.5% | -101.7% | ||
| Q1 25 | 11.0% | -133.5% | ||
| Q4 24 | 14.5% | -678.7% | ||
| Q3 24 | 15.8% | -124.4% | ||
| Q2 24 | 17.2% | -170.7% | ||
| Q1 24 | 48.9% | -215.7% |
净利率NSAPLUG
| Q4 25 | 12.2% | -375.6% | ||
| Q3 25 | 9.8% | -204.4% | ||
| Q2 25 | 10.3% | -130.5% | ||
| Q1 25 | 6.9% | -147.1% | ||
| Q4 24 | 8.8% | -697.5% | ||
| Q3 24 | 9.7% | -121.5% | ||
| Q2 24 | 9.0% | -183.0% | ||
| Q1 24 | 30.1% | -245.9% |
每股收益（稀释后）NSAPLUG
| Q4 25 | $0.23 | $-0.70 | ||
| Q3 25 | $0.17 | $-0.31 | ||
| Q2 25 | $0.19 | $-0.20 | ||
| Q1 25 | $0.10 | $-0.21 | ||
| Q4 24 | $0.19 | $-1.61 | ||
| Q3 24 | $0.18 | $-0.25 | ||
| Q2 24 | $0.16 | $-0.36 | ||
| Q1 24 | $0.65 | $-0.46 |
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 | $23.3M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $946.0M | $978.1M |
| 总资产 | $5.1B | $2.6B |
| 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NSAPLUG
| Q4 25 | $23.3M | $368.5M | ||
| Q3 25 | $26.3M | $165.9M | ||
| Q2 25 | $26.1M | $140.7M | ||
| Q1 25 | $19.3M | $295.8M | ||
| Q4 24 | $50.4M | $205.7M | ||
| Q3 24 | $69.9M | $93.9M | ||
| Q2 24 | $59.0M | $62.4M | ||
| Q1 24 | $64.2M | $172.9M |
总债务NSAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益NSAPLUG
| Q4 25 | $946.0M | $978.1M | ||
| Q3 25 | $973.1M | $1.4B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $986.9M | $3.0B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
总资产NSAPLUG
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.1B | $3.1B | ||
| Q2 25 | $5.2B | $3.4B | ||
| Q1 25 | $5.3B | $3.6B | ||
| Q4 24 | $5.4B | $3.6B | ||
| Q3 24 | $5.4B | $4.7B | ||
| Q2 24 | $5.3B | $4.8B | ||
| Q1 24 | $5.4B | $4.8B |
负债/权益比NSAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $338.5M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $299.8M | $-153.0M |
| 自由现金流率自由现金流/营收 | 160.3% | -67.9% |
| 资本支出强度资本支出/营收 | 20.7% | 1.9% |
| 现金转化率经营现金流/净利润 | 14.79× | — |
| 过去12个月自由现金流最近4个季度 | $541.5M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流NSAPLUG
| Q4 25 | $338.5M | $-148.6M | ||
| Q3 25 | $100.2M | $-89.8M | ||
| Q2 25 | $79.9M | $-191.8M | ||
| Q1 25 | $85.6M | $-105.6M | ||
| Q4 24 | $363.1M | $-131.2M | ||
| Q3 24 | $105.7M | $-174.9M | ||
| Q2 24 | $83.2M | $-254.7M | ||
| Q1 24 | $94.0M | $-167.7M |
自由现金流NSAPLUG
| Q4 25 | $299.8M | $-153.0M | ||
| Q3 25 | $88.0M | $-117.5M | ||
| Q2 25 | $73.8M | $-230.4M | ||
| Q1 25 | $79.9M | $-146.0M | ||
| Q4 24 | $344.4M | $-165.2M | ||
| Q3 24 | $101.8M | $-234.2M | ||
| Q2 24 | $79.5M | $-356.0M | ||
| Q1 24 | $88.6M | $-260.3M |
自由现金流率NSAPLUG
| Q4 25 | 160.3% | -67.9% | ||
| Q3 25 | 46.6% | -66.4% | ||
| Q2 25 | 39.1% | -132.5% | ||
| Q1 25 | 42.4% | -109.2% | ||
| Q4 24 | 181.2% | -86.3% | ||
| Q3 24 | 52.6% | -134.8% | ||
| Q2 24 | 41.7% | -248.4% | ||
| Q1 24 | 45.2% | -216.5% |
资本支出强度NSAPLUG
| Q4 25 | 20.7% | 1.9% | ||
| Q3 25 | 6.5% | 15.6% | ||
| Q2 25 | 3.2% | 22.2% | ||
| Q1 25 | 3.0% | 30.3% | ||
| Q4 24 | 9.8% | 17.7% | ||
| Q3 24 | 2.0% | 34.1% | ||
| Q2 24 | 1.9% | 70.7% | ||
| Q1 24 | 2.7% | 77.0% |
现金转化率NSAPLUG
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | — | ||
| Q4 24 | 21.70× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | — |
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
NSA
暂无分部数据
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
