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Orthofix Medical Inc.（OFIX）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Orthofix Medical Inc.的1.0倍（$225.2M vs $219.9M），Orthofix Medical Inc.净利率更高（-1.0% vs -375.6%，领先374.6%），PLUG POWER INC同比增速更快（17.6% vs 2.0%），Orthofix Medical Inc.自由现金流更多（$16.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 8.0%）
Orthofix医疗是全球知名骨科医疗器械企业，专注于研发、生产及销售脊柱植入物、骨科创伤产品、骨生长刺激治疗设备及再生医疗产品，服务全球多地的骨科医师与医疗机构，致力于提升肌肉骨骼疾病患者的诊疗效果。
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。
OFIX vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.0倍
$219.9M
营收增速更快
PLUG
高出15.7%
2.0%
净利率更高
OFIX
高出374.6%
-375.6%
自由现金流更多
OFIX
多$169.9M
$-153.0M
两年增速更快
PLUG
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.9M | $225.2M |
| 净利润 | $-2.2M | $-846.0M |
| 毛利率 | 71.1% | 2.4% |
| 营业利润率 | 0.2% | -338.9% |
| 净利率 | -1.0% | -375.6% |
| 营收同比 | 2.0% | 17.6% |
| 净利润同比 | 92.4% | 36.7% |
| 每股收益（稀释后） | $-0.05 | $-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OFIXPLUG
| Q4 25 | $219.9M | $225.2M | ||
| Q3 25 | $205.6M | $177.1M | ||
| Q2 25 | $203.1M | $174.0M | ||
| Q1 25 | $193.6M | $133.7M | ||
| Q4 24 | $215.7M | $191.5M | ||
| Q3 24 | $196.6M | $173.7M | ||
| Q2 24 | $198.6M | $143.3M | ||
| Q1 24 | $188.6M | $120.3M |
净利润OFIXPLUG
| Q4 25 | $-2.2M | $-846.0M | ||
| Q3 25 | $-22.8M | $-361.9M | ||
| Q2 25 | $-14.1M | $-227.1M | ||
| Q1 25 | $-53.1M | $-196.7M | ||
| Q4 24 | $-29.1M | $-1.3B | ||
| Q3 24 | $-27.4M | $-211.2M | ||
| Q2 24 | $-33.4M | $-262.3M | ||
| Q1 24 | $-36.0M | $-295.8M |
毛利率OFIXPLUG
| Q4 25 | 71.1% | 2.4% | ||
| Q3 25 | 72.2% | -67.9% | ||
| Q2 25 | 68.7% | -30.7% | ||
| Q1 25 | 62.8% | -55.3% | ||
| Q4 24 | 69.0% | -122.5% | ||
| Q3 24 | 68.7% | -57.6% | ||
| Q2 24 | 67.8% | -91.6% | ||
| Q1 24 | 67.5% | -132.3% |
营业利润率OFIXPLUG
| Q4 25 | 0.2% | -338.9% | ||
| Q3 25 | -8.3% | -197.0% | ||
| Q2 25 | -7.9% | -101.7% | ||
| Q1 25 | -25.2% | -133.5% | ||
| Q4 24 | -5.3% | -678.7% | ||
| Q3 24 | -9.6% | -124.4% | ||
| Q2 24 | -12.5% | -170.7% | ||
| Q1 24 | -15.6% | -215.7% |
净利率OFIXPLUG
| Q4 25 | -1.0% | -375.6% | ||
| Q3 25 | -11.1% | -204.4% | ||
| Q2 25 | -6.9% | -130.5% | ||
| Q1 25 | -27.4% | -147.1% | ||
| Q4 24 | -13.5% | -697.5% | ||
| Q3 24 | -13.9% | -121.5% | ||
| Q2 24 | -16.8% | -183.0% | ||
| Q1 24 | -19.1% | -245.9% |
每股收益（稀释后）OFIXPLUG
| Q4 25 | $-0.05 | $-0.70 | ||
| Q3 25 | $-0.57 | $-0.31 | ||
| Q2 25 | $-0.36 | $-0.20 | ||
| Q1 25 | $-1.35 | $-0.21 | ||
| Q4 24 | $-0.76 | $-1.61 | ||
| Q3 24 | $-0.71 | $-0.25 | ||
| Q2 24 | $-0.88 | $-0.36 | ||
| Q1 24 | $-0.95 | $-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 | $82.0M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $450.0M | $978.1M |
| 总资产 | $850.6M | $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OFIXPLUG
| Q4 25 | $82.0M | $368.5M | ||
| Q3 25 | $62.9M | $165.9M | ||
| Q2 25 | $65.6M | $140.7M | ||
| Q1 25 | $58.0M | $295.8M | ||
| Q4 24 | $83.2M | $205.7M | ||
| Q3 24 | $30.1M | $93.9M | ||
| Q2 24 | $26.4M | $62.4M | ||
| Q1 24 | $27.0M | $172.9M |
总债务OFIXPLUG
| Q4 25 | — | — | ||
| Q3 25 | $157.2M | — | ||
| Q2 25 | $157.0M | — | ||
| Q1 25 | $156.9M | — | ||
| Q4 24 | $157.0M | — | ||
| Q3 24 | $118.5M | $3.9M | ||
| Q2 24 | $118.0M | $3.7M | ||
| Q1 24 | $118.2M | $3.8M |
股东权益OFIXPLUG
| Q4 25 | $450.0M | $978.1M | ||
| Q3 25 | $442.5M | $1.4B | ||
| Q2 25 | $458.3M | $1.7B | ||
| Q1 25 | $458.3M | $1.9B | ||
| Q4 24 | $503.1M | $1.7B | ||
| Q3 24 | $525.9M | $3.0B | ||
| Q2 24 | $546.0M | $3.0B | ||
| Q1 24 | $570.3M | $2.9B |
总资产OFIXPLUG
| Q4 25 | $850.6M | $2.6B | ||
| Q3 25 | $832.6M | $3.1B | ||
| Q2 25 | $837.2M | $3.4B | ||
| Q1 25 | $823.1M | $3.6B | ||
| Q4 24 | $893.3M | $3.6B | ||
| Q3 24 | $867.9M | $4.7B | ||
| Q2 24 | $882.0M | $4.8B | ||
| Q1 24 | $906.0M | $4.8B |
负债/权益比OFIXPLUG
| Q4 25 | — | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.23× | 0.00× | ||
| Q2 24 | 0.22× | 0.00× | ||
| Q1 24 | 0.21× | 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 | $27.7M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $16.8M | $-153.0M |
| 自由现金流率自由现金流/营收 | 7.6% | -67.9% |
| 资本支出强度资本支出/营收 | 4.9% | 1.9% |
| 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 | $-1.3M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流OFIXPLUG
| Q4 25 | $27.7M | $-148.6M | ||
| Q3 25 | $12.4M | $-89.8M | ||
| Q2 25 | $11.6M | $-191.8M | ||
| Q1 25 | $-18.4M | $-105.6M | ||
| Q4 24 | $23.7M | $-131.2M | ||
| Q3 24 | $11.7M | $-174.9M | ||
| Q2 24 | $9.0M | $-254.7M | ||
| Q1 24 | $-18.6M | $-167.7M |
自由现金流OFIXPLUG
| Q4 25 | $16.8M | $-153.0M | ||
| Q3 25 | $2.5M | $-117.5M | ||
| Q2 25 | $4.5M | $-230.4M | ||
| Q1 25 | $-25.1M | $-146.0M | ||
| Q4 24 | $15.2M | $-165.2M | ||
| Q3 24 | $6.3M | $-234.2M | ||
| Q2 24 | $-360.0K | $-356.0M | ||
| Q1 24 | $-29.1M | $-260.3M |
自由现金流率OFIXPLUG
| Q4 25 | 7.6% | -67.9% | ||
| Q3 25 | 1.2% | -66.4% | ||
| Q2 25 | 2.2% | -132.5% | ||
| Q1 25 | -13.0% | -109.2% | ||
| Q4 24 | 7.0% | -86.3% | ||
| Q3 24 | 3.2% | -134.8% | ||
| Q2 24 | -0.2% | -248.4% | ||
| Q1 24 | -15.4% | -216.5% |
资本支出强度OFIXPLUG
| Q4 25 | 4.9% | 1.9% | ||
| Q3 25 | 4.8% | 15.6% | ||
| Q2 25 | 3.5% | 22.2% | ||
| Q1 25 | 3.5% | 30.3% | ||
| Q4 24 | 4.0% | 17.7% | ||
| Q3 24 | 2.7% | 34.1% | ||
| Q2 24 | 4.7% | 70.7% | ||
| Q1 24 | 5.6% | 77.0% |
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
OFIX
| Spinal Implants Biologics And Enabling Technologies | $113.6M | 52% |
| Bone Growth Therapies | $68.3M | 31% |
| Other | $22.7M | 10% |
| IT | $5.9M | 3% |
| GB | $3.5M | 2% |
| FR | $3.5M | 2% |
| DE | $2.3M | 1% |
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% |
