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PCB BANCORP（PCB）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是PCB BANCORP的1.6倍（$47.1M vs $29.2M），PCB BANCORP同比增速更快（11.3% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 10.4%）
PCB BANCORP旗下的PCB银行是一家总部位于加利福尼亚州的美国社区银行，主要服务韩裔美国社群，提供商业银行服务，目前在全美8个州设有分支机构，规模在韩资背景美国银行中位列第三，仅次于希望银行与韩美银行。
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。
PCB vs STEM — 直观对比
营收规模更大
STEM
是对方的1.6倍
$29.2M
营收增速更快
PCB
高出26.9%
-15.6%
两年增速更快
STEM
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $29.2M | $47.1M |
| 净利润 | — | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | 45.0% | -17.7% |
| 净利率 | — | -33.9% |
| 营收同比 | 11.3% | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | $0.65 | $-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PCBSTEM
| Q4 25 | $29.2M | $47.1M | ||
| Q3 25 | $30.4M | $38.2M | ||
| Q2 25 | $29.3M | $38.4M | ||
| Q1 25 | $26.9M | $32.5M | ||
| Q4 24 | $26.2M | $55.8M | ||
| Q3 24 | $25.3M | $29.3M | ||
| Q2 24 | $24.2M | $34.0M | ||
| Q1 24 | $23.9M | $25.5M |
净利润PCBSTEM
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $11.4M | $-23.8M | ||
| Q2 25 | $9.1M | $202.5M | ||
| Q1 25 | $7.7M | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $7.8M | $-148.3M | ||
| Q2 24 | $6.3M | $-582.3M | ||
| Q1 24 | $4.7M | $-72.3M |
毛利率PCBSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率PCBSTEM
| Q4 25 | 45.0% | -17.7% | ||
| Q3 25 | 52.3% | -33.6% | ||
| Q2 25 | 43.3% | -34.8% | ||
| Q1 25 | 40.2% | -65.0% | ||
| Q4 24 | 39.3% | -84.4% | ||
| Q3 24 | 42.2% | -493.2% | ||
| Q2 24 | 36.3% | -1705.5% | ||
| Q1 24 | 27.2% | -267.0% |
净利率PCBSTEM
| Q4 25 | — | -33.9% | ||
| Q3 25 | 37.5% | -62.2% | ||
| Q2 25 | 31.0% | 527.8% | ||
| Q1 25 | 28.8% | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | 30.8% | -506.3% | ||
| Q2 24 | 25.9% | -1712.6% | ||
| Q1 24 | 19.6% | -283.9% |
每股收益（稀释后）PCBSTEM
| Q4 25 | $0.65 | $-4.40 | ||
| Q3 25 | $0.78 | $-2.84 | ||
| Q2 25 | $0.62 | $-1.79 | ||
| Q1 25 | $0.53 | $-0.15 | ||
| Q4 24 | $0.46 | $-15.29 | ||
| Q3 24 | $0.52 | $-18.24 | ||
| Q2 24 | $0.43 | $-71.81 | ||
| Q1 24 | $0.33 | $-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 | $207.1M | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $390.0M | $-249.4M |
| 总资产 | $3.3B | $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PCBSTEM
| Q4 25 | $207.1M | $48.9M | ||
| Q3 25 | $369.5M | $43.1M | ||
| Q2 25 | $263.6M | $40.8M | ||
| Q1 25 | $214.3M | $58.6M | ||
| Q4 24 | $198.8M | $56.3M | ||
| Q3 24 | $193.1M | $75.4M | ||
| Q2 24 | $177.6M | $89.6M | ||
| Q1 24 | $239.8M | $112.8M |
股东权益PCBSTEM
| Q4 25 | $390.0M | $-249.4M | ||
| Q3 25 | $384.5M | $-235.7M | ||
| Q2 25 | $376.5M | $-214.1M | ||
| Q1 25 | $370.9M | $-417.5M | ||
| Q4 24 | $363.8M | $-398.4M | ||
| Q3 24 | $362.3M | $-344.1M | ||
| Q2 24 | $353.5M | $-203.2M | ||
| Q1 24 | $350.0M | $371.6M |
总资产PCBSTEM
| Q4 25 | $3.3B | $308.9M | ||
| Q3 25 | $3.4B | $362.6M | ||
| Q2 25 | $3.3B | $379.2M | ||
| Q1 25 | $3.2B | $405.1M | ||
| Q4 24 | $3.1B | $437.4M | ||
| Q3 24 | $2.9B | $537.8M | ||
| Q2 24 | $2.9B | $691.5M | ||
| Q1 24 | $2.9B | $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 | $26.6M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $24.4M | — |
| 自由现金流率自由现金流/营收 | 83.6% | — |
| 资本支出强度资本支出/营收 | 7.5% | — |
| 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 | $46.0M | — |
8季度趋势，按日历期对齐
经营现金流PCBSTEM
| Q4 25 | $26.6M | $8.2M | ||
| Q3 25 | $16.4M | $11.4M | ||
| Q2 25 | $4.9M | $-21.3M | ||
| Q1 25 | $2.3M | $8.5M | ||
| Q4 24 | $39.0M | $-14.7M | ||
| Q3 24 | $11.9M | $-9.4M | ||
| Q2 24 | $14.6M | $-11.9M | ||
| Q1 24 | $8.2M | $-621.0K |
自由现金流PCBSTEM
| Q4 25 | $24.4M | — | ||
| Q3 25 | $16.2M | — | ||
| Q2 25 | $3.8M | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $34.9M | — | ||
| Q3 24 | $11.9M | — | ||
| Q2 24 | $12.8M | — | ||
| Q1 24 | $6.0M | — |
自由现金流率PCBSTEM
| Q4 25 | 83.6% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 133.2% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 53.1% | — | ||
| Q1 24 | 25.2% | — |
资本支出强度PCBSTEM
| Q4 25 | 7.5% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 9.3% | — |
现金转化率PCBSTEM
| Q4 25 | — | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 0.54× | -0.11× | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | 1.76× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
