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OneSpan Inc.（OSPN）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
OneSpan Inc.的季度营收约是STEM, INC.的1.3倍（$62.9M vs $47.1M），OneSpan Inc.净利率更高（69.2% vs -33.9%，领先103.1%），OneSpan Inc.同比增速更快（2.9% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs -1.5%）
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
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。
OSPN vs STEM — 直观对比
营收规模更大
OSPN
是对方的1.3倍
$47.1M
营收增速更快
OSPN
高出18.4%
-15.6%
净利率更高
OSPN
高出103.1%
-33.9%
两年增速更快
STEM
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.9M | $47.1M |
| 净利润 | $43.5M | $-16.0M |
| 毛利率 | 73.6% | 48.9% |
| 营业利润率 | 19.9% | -17.7% |
| 净利率 | 69.2% | -33.9% |
| 营收同比 | 2.9% | -15.6% |
| 净利润同比 | 51.3% | 68.8% |
| 每股收益（稀释后） | $1.13 | $-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OSPNSTEM
| Q4 25 | $62.9M | $47.1M | ||
| Q3 25 | $57.1M | $38.2M | ||
| Q2 25 | $59.8M | $38.4M | ||
| Q1 25 | $63.4M | $32.5M | ||
| Q4 24 | $61.2M | $55.8M | ||
| Q3 24 | $56.2M | $29.3M | ||
| Q2 24 | $60.9M | $34.0M | ||
| Q1 24 | $64.8M | $25.5M |
净利润OSPNSTEM
| Q4 25 | $43.5M | $-16.0M | ||
| Q3 25 | $6.5M | $-23.8M | ||
| Q2 25 | $8.3M | $202.5M | ||
| Q1 25 | $14.5M | $-25.0M | ||
| Q4 24 | $28.8M | $-51.1M | ||
| Q3 24 | $8.3M | $-148.3M | ||
| Q2 24 | $6.6M | $-582.3M | ||
| Q1 24 | $13.5M | $-72.3M |
毛利率OSPNSTEM
| Q4 25 | 73.6% | 48.9% | ||
| Q3 25 | 73.6% | 35.5% | ||
| Q2 25 | 73.5% | 33.4% | ||
| Q1 25 | 74.3% | 32.4% | ||
| Q4 24 | 74.0% | -4.4% | ||
| Q3 24 | 73.9% | 21.2% | ||
| Q2 24 | 66.2% | 27.6% | ||
| Q1 24 | 73.1% | -95.0% |
营业利润率OSPNSTEM
| Q4 25 | 19.9% | -17.7% | ||
| Q3 25 | 14.4% | -33.6% | ||
| Q2 25 | 17.6% | -34.8% | ||
| Q1 25 | 27.1% | -65.0% | ||
| Q4 24 | 19.3% | -84.4% | ||
| Q3 24 | 20.0% | -493.2% | ||
| Q2 24 | 12.5% | -1705.5% | ||
| Q1 24 | 21.8% | -267.0% |
净利率OSPNSTEM
| Q4 25 | 69.2% | -33.9% | ||
| Q3 25 | 11.4% | -62.2% | ||
| Q2 25 | 13.9% | 527.8% | ||
| Q1 25 | 22.9% | -76.9% | ||
| Q4 24 | 47.1% | -91.6% | ||
| Q3 24 | 14.7% | -506.3% | ||
| Q2 24 | 10.8% | -1712.6% | ||
| Q1 24 | 20.8% | -283.9% |
每股收益（稀释后）OSPNSTEM
| Q4 25 | $1.13 | $-4.40 | ||
| Q3 25 | $0.17 | $-2.84 | ||
| Q2 25 | $0.21 | $-1.79 | ||
| Q1 25 | $0.37 | $-0.15 | ||
| Q4 24 | $0.73 | $-15.29 | ||
| Q3 24 | $0.21 | $-18.24 | ||
| Q2 24 | $0.17 | $-71.81 | ||
| Q1 24 | $0.35 | $-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 | $70.5M | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $271.8M | $-249.4M |
| 总资产 | $397.7M | $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OSPNSTEM
| Q4 25 | $70.5M | $48.9M | ||
| Q3 25 | $85.6M | $43.1M | ||
| Q2 25 | $92.9M | $40.8M | ||
| Q1 25 | $105.2M | $58.6M | ||
| Q4 24 | $83.2M | $56.3M | ||
| Q3 24 | $77.5M | $75.4M | ||
| Q2 24 | $63.8M | $89.6M | ||
| Q1 24 | $63.9M | $112.8M |
股东权益OSPNSTEM
| Q4 25 | $271.8M | $-249.4M | ||
| Q3 25 | $238.3M | $-235.7M | ||
| Q2 25 | $242.5M | $-214.1M | ||
| Q1 25 | $231.1M | $-417.5M | ||
| Q4 24 | $212.5M | $-398.4M | ||
| Q3 24 | $194.6M | $-344.1M | ||
| Q2 24 | $178.6M | $-203.2M | ||
| Q1 24 | $170.9M | $371.6M |
总资产OSPNSTEM
| Q4 25 | $397.7M | $308.9M | ||
| Q3 25 | $343.5M | $362.6M | ||
| Q2 25 | $357.1M | $379.2M | ||
| Q1 25 | $333.8M | $405.1M | ||
| Q4 24 | $338.7M | $437.4M | ||
| Q3 24 | $289.3M | $537.8M | ||
| Q2 24 | $286.9M | $691.5M | ||
| Q1 24 | $277.1M | $1.3B |
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 | $12.6M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | — |
| 自由现金流率自由现金流/营收 | 15.3% | — |
| 资本支出强度资本支出/营收 | 4.7% | — |
| 现金转化率经营现金流/净利润 | 0.29× | — |
| 过去12个月自由现金流最近4个季度 | $50.5M | — |
8季度趋势，按日历期对齐
经营现金流OSPNSTEM
| Q4 25 | $12.6M | $8.2M | ||
| Q3 25 | $11.3M | $11.4M | ||
| Q2 25 | $6.2M | $-21.3M | ||
| Q1 25 | $29.4M | $8.5M | ||
| Q4 24 | $12.4M | $-14.7M | ||
| Q3 24 | $14.0M | $-9.4M | ||
| Q2 24 | $2.3M | $-11.9M | ||
| Q1 24 | $27.0M | $-621.0K |
自由现金流OSPNSTEM
| Q4 25 | $9.6M | — | ||
| Q3 25 | $8.8M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $27.7M | — | ||
| Q4 24 | $10.5M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $26.0K | — | ||
| Q1 24 | $23.9M | — |
自由现金流率OSPNSTEM
| Q4 25 | 15.3% | — | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 36.9% | — |
资本支出强度OSPNSTEM
| Q4 25 | 4.7% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 4.7% | — |
现金转化率OSPNSTEM
| Q4 25 | 0.29× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.75× | -0.11× | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 2.00× | — |
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
OSPN
| Transferred At Point In Time | $32.7M | 52% |
| Subscription | $21.1M | 34% |
| Maintenance Support And Other | $9.2M | 15% |
STEM
暂无分部数据
