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OPKO HEALTH, INC.（OPK）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OPKO HEALTH, INC.的1.5倍（$225.2M vs $148.5M），OPKO HEALTH, INC.净利率更高（-21.1% vs -375.6%，领先354.6%），PLUG POWER INC同比增速更快（17.6% vs -19.2%），OPKO HEALTH, INC.自由现金流更多（$-28.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -7.5%）
OPKO Health是一家聚焦诊断与医药领域的医疗企业，核心业务涵盖医疗检测与药品研发生产，在纳斯达克和特拉维夫证券交易所挂牌上市，股票代码为OPK。
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。
OPK vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.5倍
$148.5M
营收增速更快
PLUG
高出36.8%
-19.2%
净利率更高
OPK
高出354.6%
-375.6%
自由现金流更多
OPK
多$124.4M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $148.5M | $225.2M |
| 净利润 | $-31.3M | $-846.0M |
| 毛利率 | 43.1% | 2.4% |
| 营业利润率 | -25.8% | -338.9% |
| 净利率 | -21.1% | -375.6% |
| 营收同比 | -19.2% | 17.6% |
| 净利润同比 | -322.8% | 36.7% |
| 每股收益（稀释后） | $-0.04 | $-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OPKPLUG
| Q4 25 | $148.5M | $225.2M | ||
| Q3 25 | $151.7M | $177.1M | ||
| Q2 25 | $156.8M | $174.0M | ||
| Q1 25 | $150.0M | $133.7M | ||
| Q4 24 | $183.6M | $191.5M | ||
| Q3 24 | $173.6M | $173.7M | ||
| Q2 24 | $182.2M | $143.3M | ||
| Q1 24 | $173.7M | $120.3M |
净利润OPKPLUG
| Q4 25 | $-31.3M | $-846.0M | ||
| Q3 25 | $21.6M | $-361.9M | ||
| Q2 25 | $-148.4M | $-227.1M | ||
| Q1 25 | $-67.6M | $-196.7M | ||
| Q4 24 | $14.0M | $-1.3B | ||
| Q3 24 | $24.9M | $-211.2M | ||
| Q2 24 | $-10.3M | $-262.3M | ||
| Q1 24 | $-81.8M | $-295.8M |
毛利率OPKPLUG
| Q4 25 | 43.1% | 2.4% | ||
| Q3 25 | 32.9% | -67.9% | ||
| Q2 25 | 31.5% | -30.7% | ||
| Q1 25 | 28.4% | -55.3% | ||
| Q4 24 | 46.1% | -122.5% | ||
| Q3 24 | 23.1% | -57.6% | ||
| Q2 24 | 28.4% | -91.6% | ||
| Q1 24 | 24.2% | -132.3% |
营业利润率OPKPLUG
| Q4 25 | -25.8% | -338.9% | ||
| Q3 25 | 31.7% | -197.0% | ||
| Q2 25 | -38.3% | -101.7% | ||
| Q1 25 | -44.8% | -133.5% | ||
| Q4 24 | -18.0% | -678.7% | ||
| Q3 24 | 8.2% | -124.4% | ||
| Q2 24 | -33.9% | -170.7% | ||
| Q1 24 | -41.2% | -215.7% |
净利率OPKPLUG
| Q4 25 | -21.1% | -375.6% | ||
| Q3 25 | 14.3% | -204.4% | ||
| Q2 25 | -94.7% | -130.5% | ||
| Q1 25 | -45.1% | -147.1% | ||
| Q4 24 | 7.6% | -697.5% | ||
| Q3 24 | 14.3% | -121.5% | ||
| Q2 24 | -5.7% | -183.0% | ||
| Q1 24 | -47.1% | -245.9% |
每股收益（稀释后）OPKPLUG
| Q4 25 | $-0.04 | $-0.70 | ||
| Q3 25 | $0.03 | $-0.31 | ||
| Q2 25 | $-0.19 | $-0.20 | ||
| Q1 25 | $-0.10 | $-0.21 | ||
| Q4 24 | $0.02 | $-1.61 | ||
| Q3 24 | $0.03 | $-0.25 | ||
| Q2 24 | $-0.01 | $-0.36 | ||
| Q1 24 | $-0.12 | $-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 | $364.4M | $368.5M |
| 总债务越低越好 | $344.0M | — |
| 股东权益账面价值 | $1.3B | $978.1M |
| 总资产 | $1.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资OPKPLUG
| Q4 25 | $364.4M | $368.5M | ||
| Q3 25 | $412.0M | $165.9M | ||
| Q2 25 | $267.3M | $140.7M | ||
| Q1 25 | $428.8M | $295.8M | ||
| Q4 24 | $426.6M | $205.7M | ||
| Q3 24 | $400.1M | $93.9M | ||
| Q2 24 | $40.6M | $62.4M | ||
| Q1 24 | $75.6M | $172.9M |
总债务OPKPLUG
| Q4 25 | $344.0M | — | ||
| Q3 25 | $344.2M | — | ||
| Q2 25 | $343.3M | — | ||
| Q1 25 | $439.2M | — | ||
| Q4 24 | $437.2M | — | ||
| Q3 24 | $441.0M | $3.9M | ||
| Q2 24 | $201.9M | $3.7M | ||
| Q1 24 | $350.1M | $3.8M |
股东权益OPKPLUG
| Q4 25 | $1.3B | $978.1M | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
总资产OPKPLUG
| Q4 25 | $1.9B | $2.6B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $3.4B | ||
| Q1 25 | $2.1B | $3.6B | ||
| Q4 24 | $2.2B | $3.6B | ||
| Q3 24 | $2.3B | $4.7B | ||
| Q2 24 | $2.0B | $4.8B | ||
| Q1 24 | $2.0B | $4.8B |
负债/权益比OPKPLUG
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.31× | 0.00× | ||
| Q2 24 | 0.14× | 0.00× | ||
| Q1 24 | 0.28× | 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 | $-25.9M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $-28.6M | $-153.0M |
| 自由现金流率自由现金流/营收 | -19.3% | -67.9% |
| 资本支出强度资本支出/营收 | 1.8% | 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 | $-190.8M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流OPKPLUG
| Q4 25 | $-25.9M | $-148.6M | ||
| Q3 25 | $-34.6M | $-89.8M | ||
| Q2 25 | $-83.4M | $-191.8M | ||
| Q1 25 | $-34.6M | $-105.6M | ||
| Q4 24 | $-44.4M | $-131.2M | ||
| Q3 24 | $-77.1M | $-174.9M | ||
| Q2 24 | $-26.4M | $-254.7M | ||
| Q1 24 | $-35.6M | $-167.7M |
自由现金流OPKPLUG
| Q4 25 | $-28.6M | $-153.0M | ||
| Q3 25 | $-37.8M | $-117.5M | ||
| Q2 25 | $-86.7M | $-230.4M | ||
| Q1 25 | $-37.7M | $-146.0M | ||
| Q4 24 | $-49.8M | $-165.2M | ||
| Q3 24 | $-85.0M | $-234.2M | ||
| Q2 24 | $-33.7M | $-356.0M | ||
| Q1 24 | $-40.0M | $-260.3M |
自由现金流率OPKPLUG
| Q4 25 | -19.3% | -67.9% | ||
| Q3 25 | -24.9% | -66.4% | ||
| Q2 25 | -55.3% | -132.5% | ||
| Q1 25 | -25.2% | -109.2% | ||
| Q4 24 | -27.1% | -86.3% | ||
| Q3 24 | -49.0% | -134.8% | ||
| Q2 24 | -18.5% | -248.4% | ||
| Q1 24 | -23.0% | -216.5% |
资本支出强度OPKPLUG
| Q4 25 | 1.8% | 1.9% | ||
| Q3 25 | 2.1% | 15.6% | ||
| Q2 25 | 2.1% | 22.2% | ||
| Q1 25 | 2.1% | 30.3% | ||
| Q4 24 | 2.9% | 17.7% | ||
| Q3 24 | 4.6% | 34.1% | ||
| Q2 24 | 4.0% | 70.7% | ||
| Q1 24 | 2.6% | 77.0% |
现金转化率OPKPLUG
| Q4 25 | — | — | ||
| Q3 25 | -1.60× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.17× | — | ||
| Q3 24 | -3.10× | — | ||
| Q2 24 | — | — | ||
| 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
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
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% |
