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POTLATCHDELTIC CORP（PCH）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
POTLATCHDELTIC CORP的季度营收约是Ultragenyx Pharmaceutical Inc.的1.5倍（$314.2M vs $207.3M），POTLATCHDELTIC CORP净利率更高（8.2% vs -62.0%，领先70.3%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 23.1%），POTLATCHDELTIC CORP自由现金流更多（$50.1M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 11.1%）
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
PCH vs RARE — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.2M | $207.3M |
| 净利润 | $25.9M | $-128.6M |
| 毛利率 | 18.2% | — |
| 营业利润率 | 11.2% | -54.7% |
| 净利率 | 8.2% | -62.0% |
| 营收同比 | 23.1% | 25.9% |
| 净利润同比 | 682.5% | 3.5% |
| 每股收益（稀释后） | $0.33 | $-1.28 |
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
| Q4 25 | — | $207.3M | ||
| Q3 25 | $314.2M | $159.9M | ||
| Q2 25 | $275.0M | $166.5M | ||
| Q1 25 | $268.3M | $139.3M | ||
| Q4 24 | $258.1M | $164.6M | ||
| Q3 24 | $255.1M | $139.5M | ||
| Q2 24 | $320.7M | $147.0M | ||
| Q1 24 | $228.1M | $108.8M |
| Q4 25 | — | $-128.6M | ||
| Q3 25 | $25.9M | $-180.4M | ||
| Q2 25 | $7.4M | $-115.0M | ||
| Q1 25 | $25.8M | $-151.1M | ||
| Q4 24 | $5.2M | $-133.2M | ||
| Q3 24 | $3.3M | $-133.5M | ||
| Q2 24 | $13.7M | $-131.6M | ||
| Q1 24 | $-305.0K | $-170.7M |
| Q4 25 | — | — | ||
| Q3 25 | 18.2% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 17.8% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | — | -54.7% | ||
| Q3 25 | 11.2% | -106.9% | ||
| Q2 25 | 5.0% | -64.8% | ||
| Q1 25 | 10.3% | -102.6% | ||
| Q4 24 | 5.2% | -74.3% | ||
| Q3 24 | 2.8% | -94.6% | ||
| Q2 24 | 5.4% | -79.1% | ||
| Q1 24 | -2.1% | -151.9% |
| Q4 25 | — | -62.0% | ||
| Q3 25 | 8.2% | -112.8% | ||
| Q2 25 | 2.7% | -69.0% | ||
| Q1 25 | 9.6% | -108.5% | ||
| Q4 24 | 2.0% | -80.9% | ||
| Q3 24 | 1.3% | -95.7% | ||
| Q2 24 | 4.3% | -89.5% | ||
| Q1 24 | -0.1% | -156.8% |
| Q4 25 | — | $-1.28 | ||
| Q3 25 | $0.33 | $-1.81 | ||
| Q2 25 | $0.09 | $-1.17 | ||
| Q1 25 | $0.33 | $-1.57 | ||
| Q4 24 | $0.07 | $-1.34 | ||
| Q3 24 | $0.04 | $-1.40 | ||
| Q2 24 | $0.17 | $-1.52 | ||
| Q1 24 | $0.00 | $-2.03 |
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 | $88.8M | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $-80.0M |
| 总资产 | $3.2B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $421.0M | ||
| Q3 25 | $88.8M | $202.5M | ||
| Q2 25 | $95.3M | $176.3M | ||
| Q1 25 | $147.5M | $127.1M | ||
| Q4 24 | $151.6M | $174.0M | ||
| Q3 24 | $161.1M | $150.6M | ||
| Q2 24 | $199.7M | $480.7M | ||
| Q1 24 | $180.2M | $112.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-80.0M | ||
| Q3 25 | $1.9B | $9.2M | ||
| Q2 25 | $1.9B | $151.3M | ||
| Q1 25 | $2.0B | $144.2M | ||
| Q4 24 | $2.0B | $255.0M | ||
| Q3 24 | $2.1B | $346.8M | ||
| Q2 24 | $2.1B | $432.4M | ||
| Q1 24 | $2.2B | $140.3M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.3B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.4B | $1.6B | ||
| Q1 24 | $3.4B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.51× | — | ||
| 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 | $65.7M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $50.1M | $-100.8M |
| 自由现金流率自由现金流/营收 | 15.9% | -48.6% |
| 资本支出强度资本支出/营收 | 4.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.54× | — |
| 过去12个月自由现金流最近4个季度 | $132.4M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | — | $-99.8M | ||
| Q3 25 | $65.7M | $-91.4M | ||
| Q2 25 | $41.0M | $-108.3M | ||
| Q1 25 | $49.1M | $-166.5M | ||
| Q4 24 | $45.4M | $-79.3M | ||
| Q3 24 | $26.5M | $-67.0M | ||
| Q2 24 | $100.6M | $-77.0M | ||
| Q1 24 | $16.0M | $-190.7M |
| Q4 25 | — | $-100.8M | ||
| Q3 25 | $50.1M | $-92.7M | ||
| Q2 25 | $30.6M | $-110.7M | ||
| Q1 25 | $26.3M | $-167.8M | ||
| Q4 24 | $25.4M | $-79.5M | ||
| Q3 24 | $-8.2M | $-68.6M | ||
| Q2 24 | $72.4M | $-79.0M | ||
| Q1 24 | $2.0M | $-193.9M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | 15.9% | -58.0% | ||
| Q2 25 | 11.1% | -66.5% | ||
| Q1 25 | 9.8% | -120.5% | ||
| Q4 24 | 9.9% | -48.3% | ||
| Q3 24 | -3.2% | -49.2% | ||
| Q2 24 | 22.6% | -53.7% | ||
| Q1 24 | 0.9% | -178.2% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 4.9% | 0.8% | ||
| Q2 25 | 3.8% | 1.5% | ||
| Q1 25 | 8.5% | 1.0% | ||
| Q4 24 | 7.7% | 0.1% | ||
| Q3 24 | 13.6% | 1.2% | ||
| Q2 24 | 8.8% | 1.4% | ||
| Q1 24 | 6.1% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 5.58× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 8.74× | — | ||
| Q3 24 | 7.99× | — | ||
| Q2 24 | 7.35× | — | ||
| 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
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
