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OPENLANE, Inc.（OPLN）与ORMAT TECHNOLOGIES, INC.（ORA）财务数据对比。点击上方公司名可切换其他公司
OPENLANE, Inc.的季度营收约是ORMAT TECHNOLOGIES, INC.的1.8倍（$494.3M vs $276.0M），OPENLANE, Inc.净利率更高（12.0% vs 11.4%，领先0.7%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs 8.6%），OPENLANE, Inc.自由现金流更多（$110.8M vs $-40.0M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs 7.2%）
OPENLANE Inc.是全球领先的数字化汽车批发交易平台运营商，连接汽车经销商、车队运营商、金融机构等卖家与专业买家，提供二手车、租赁到期车辆等的透明高效交易服务，业务覆盖北美、欧洲等全球主要市场。
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
OPLN vs ORA — 直观对比
营收规模更大
OPLN
是对方的1.8倍
$276.0M
营收增速更快
ORA
高出11.0%
8.6%
净利率更高
OPLN
高出0.7%
11.4%
自由现金流更多
OPLN
多$150.8M
$-40.0M
两年增速更快
ORA
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $494.3M | $276.0M |
| 净利润 | $59.5M | $31.4M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 8.6% | 15.4% |
| 净利率 | 12.0% | 11.4% |
| 营收同比 | 8.6% | 19.6% |
| 净利润同比 | 13.8% | -23.2% |
| 每股收益（稀释后） | $-1.54 | $0.51 |
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OPLNORA
| Q4 25 | $494.3M | $276.0M | ||
| Q3 25 | $498.4M | $249.7M | ||
| Q2 25 | $481.7M | $234.0M | ||
| Q1 25 | $460.1M | $229.8M | ||
| Q4 24 | $455.0M | $230.7M | ||
| Q3 24 | $459.8M | $211.8M | ||
| Q2 24 | $443.8M | $213.0M | ||
| Q1 24 | $429.9M | $224.2M |
净利润OPLNORA
| Q4 25 | $59.5M | $31.4M | ||
| Q3 25 | $47.9M | $24.1M | ||
| Q2 25 | $33.4M | $28.0M | ||
| Q1 25 | $36.9M | $40.4M | ||
| Q4 24 | $52.3M | $40.8M | ||
| Q3 24 | $28.4M | $22.1M | ||
| Q2 24 | $10.7M | $22.2M | ||
| Q1 24 | $18.5M | $38.6M |
毛利率OPLNORA
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 31.7% | ||
| Q4 24 | — | 31.9% | ||
| Q3 24 | — | 27.8% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 35.2% |
营业利润率OPLNORA
| Q4 25 | 8.6% | 15.4% | ||
| Q3 25 | 11.0% | 16.2% | ||
| Q2 25 | 9.8% | 15.1% | ||
| Q1 25 | 11.2% | 22.2% | ||
| Q4 24 | 17.4% | 21.3% | ||
| Q3 24 | 9.2% | 16.8% | ||
| Q2 24 | 5.4% | 16.5% | ||
| Q1 24 | 8.6% | 23.5% |
净利率OPLNORA
| Q4 25 | 12.0% | 11.4% | ||
| Q3 25 | 9.6% | 9.7% | ||
| Q2 25 | 6.9% | 12.0% | ||
| Q1 25 | 8.0% | 17.6% | ||
| Q4 24 | 11.5% | 17.7% | ||
| Q3 24 | 6.2% | 10.4% | ||
| Q2 24 | 2.4% | 10.4% | ||
| Q1 24 | 4.3% | 17.2% |
每股收益（稀释后）OPLNORA
| Q4 25 | $-1.54 | $0.51 | ||
| Q3 25 | $0.25 | $0.39 | ||
| Q2 25 | $0.15 | $0.46 | ||
| Q1 25 | $0.18 | $0.66 | ||
| Q4 24 | $0.28 | $0.67 | ||
| Q3 24 | $0.12 | $0.36 | ||
| Q2 24 | $0.00 | $0.37 | ||
| Q1 24 | $0.05 | $0.64 |
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 | $141.5M | $147.4M |
| 总债务越低越好 | $550.0M | $2.7B |
| 股东权益账面价值 | $1.2B | $2.5B |
| 总资产 | $4.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.44× | 1.05× |
8季度趋势，按日历期对齐
现金及短期投资OPLNORA
| Q4 25 | $141.5M | $147.4M | ||
| Q3 25 | $119.3M | $79.6M | ||
| Q2 25 | $119.1M | $88.5M | ||
| Q1 25 | $220.5M | $112.7M | ||
| Q4 24 | $143.0M | $94.4M | ||
| Q3 24 | $132.1M | $88.1M | ||
| Q2 24 | $60.9M | $66.3M | ||
| Q1 24 | $105.2M | $201.5M |
总债务OPLNORA
| Q4 25 | $550.0M | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $230.7M | $2.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OPLNORA
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.3B | $2.4B |
总资产OPLNORA
| Q4 25 | $4.7B | $6.2B | ||
| Q3 25 | $4.8B | $6.1B | ||
| Q2 25 | $4.6B | $6.0B | ||
| Q1 25 | $4.8B | $5.8B | ||
| Q4 24 | $4.6B | $5.7B | ||
| Q3 24 | $4.6B | $5.6B | ||
| Q2 24 | $4.6B | $5.5B | ||
| Q1 24 | $4.8B | $5.5B |
负债/权益比OPLNORA
| Q4 25 | 0.44× | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.17× | 0.97× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $125.5M | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $110.8M | $-40.0M |
| 自由现金流率自由现金流/营收 | 22.4% | -14.5% |
| 资本支出强度资本支出/营收 | 3.0% | 52.6% |
| 现金转化率经营现金流/净利润 | 2.11× | 3.35× |
| 过去12个月自由现金流最近4个季度 | $336.5M | $-284.7M |
8季度趋势，按日历期对齐
经营现金流OPLNORA
| Q4 25 | $125.5M | $105.0M | ||
| Q3 25 | $72.2M | $45.2M | ||
| Q2 25 | $71.6M | $96.9M | ||
| Q1 25 | $122.6M | $88.0M | ||
| Q4 24 | $32.7M | $158.6M | ||
| Q3 24 | $122.4M | $106.4M | ||
| Q2 24 | $37.5M | $30.7M | ||
| Q1 24 | $100.2M | $115.2M |
自由现金流OPLNORA
| Q4 25 | $110.8M | $-40.0M | ||
| Q3 25 | $57.6M | $-102.1M | ||
| Q2 25 | $57.4M | $-37.9M | ||
| Q1 25 | $110.7M | $-104.6M | ||
| Q4 24 | $18.7M | $30.9M | ||
| Q3 24 | $109.3M | $-3.3M | ||
| Q2 24 | $24.5M | $-116.1M | ||
| Q1 24 | $87.3M | $11.8M |
自由现金流率OPLNORA
| Q4 25 | 22.4% | -14.5% | ||
| Q3 25 | 11.6% | -40.9% | ||
| Q2 25 | 11.9% | -16.2% | ||
| Q1 25 | 24.1% | -45.5% | ||
| Q4 24 | 4.1% | 13.4% | ||
| Q3 24 | 23.8% | -1.6% | ||
| Q2 24 | 5.5% | -54.5% | ||
| Q1 24 | 20.3% | 5.3% |
资本支出强度OPLNORA
| Q4 25 | 3.0% | 52.6% | ||
| Q3 25 | 2.9% | 59.0% | ||
| Q2 25 | 2.9% | 57.6% | ||
| Q1 25 | 2.6% | 83.8% | ||
| Q4 24 | 3.1% | 55.4% | ||
| Q3 24 | 2.8% | 51.8% | ||
| Q2 24 | 2.9% | 69.0% | ||
| Q1 24 | 3.0% | 46.1% |
现金转化率OPLNORA
| Q4 25 | 2.11× | 3.35× | ||
| Q3 25 | 1.51× | 1.87× | ||
| Q2 25 | 2.14× | 3.45× | ||
| Q1 25 | 3.32× | 2.18× | ||
| Q4 24 | 0.63× | 3.89× | ||
| Q3 24 | 4.31× | 4.82× | ||
| Q2 24 | 3.50× | 1.38× | ||
| Q1 24 | 5.42× | 2.99× |
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
OPLN
| Marketplace | $384.7M | 78% |
| Finance | $109.6M | 22% |
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
