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Pebblebrook Hotel Trust（PEB）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
Pebblebrook Hotel Trust的季度营收约是PLUG POWER INC的1.5倍（$345.7M vs $225.2M），Pebblebrook Hotel Trust净利率更高（-5.3% vs -375.6%，领先370.3%），PLUG POWER INC同比增速更快（17.6% vs 7.9%），Pebblebrook Hotel Trust自由现金流更多（$114.5M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -6.7%）
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
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。
PEB vs PLUG — 直观对比
营收规模更大
PEB
是对方的1.5倍
$225.2M
营收增速更快
PLUG
高出9.7%
7.9%
净利率更高
PEB
高出370.3%
-375.6%
自由现金流更多
PEB
多$267.5M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $345.7M | $225.2M |
| 净利润 | $-18.4M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | — | -338.9% |
| 净利率 | -5.3% | -375.6% |
| 营收同比 | 7.9% | 17.6% |
| 净利润同比 | 42.9% | 36.7% |
| 每股收益（稀释后） | $-0.26 | $-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PEBPLUG
| Q1 26 | $345.7M | — | ||
| Q4 25 | $349.0M | $225.2M | ||
| Q3 25 | $398.7M | $177.1M | ||
| Q2 25 | $407.5M | $174.0M | ||
| Q1 25 | $320.3M | $133.7M | ||
| Q4 24 | $337.6M | $191.5M | ||
| Q3 24 | $404.5M | $173.7M | ||
| Q2 24 | $397.1M | $143.3M |
净利润PEBPLUG
| Q1 26 | $-18.4M | — | ||
| Q4 25 | $-17.9M | $-846.0M | ||
| Q3 25 | $-33.1M | $-361.9M | ||
| Q2 25 | $18.1M | $-227.1M | ||
| Q1 25 | $-32.9M | $-196.7M | ||
| Q4 24 | $-50.5M | $-1.3B | ||
| Q3 24 | $43.7M | $-211.2M | ||
| Q2 24 | $30.9M | $-262.3M |
毛利率PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% |
营业利润率PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | -338.9% | ||
| Q3 25 | -2.6% | -197.0% | ||
| Q2 25 | 12.9% | -101.7% | ||
| Q1 25 | -2.3% | -133.5% | ||
| Q4 24 | -6.7% | -678.7% | ||
| Q3 24 | 11.6% | -124.4% | ||
| Q2 24 | 15.4% | -170.7% |
净利率PEBPLUG
| Q1 26 | -5.3% | — | ||
| Q4 25 | -5.1% | -375.6% | ||
| Q3 25 | -8.3% | -204.4% | ||
| Q2 25 | 4.4% | -130.5% | ||
| Q1 25 | -10.3% | -147.1% | ||
| Q4 24 | -15.0% | -697.5% | ||
| Q3 24 | 10.8% | -121.5% | ||
| Q2 24 | 7.8% | -183.0% |
每股收益（稀释后）PEBPLUG
| Q1 26 | $-0.26 | — | ||
| Q4 25 | $-0.22 | $-0.70 | ||
| Q3 25 | $-0.37 | $-0.31 | ||
| Q2 25 | $0.06 | $-0.20 | ||
| Q1 25 | $-0.37 | $-0.21 | ||
| Q4 24 | $-0.47 | $-1.61 | ||
| Q3 24 | $0.24 | $-0.25 | ||
| Q2 24 | $0.16 | $-0.36 |
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 | $196.2M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $978.1M |
| 总资产 | $5.3B | $2.6B |
| 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PEBPLUG
| Q1 26 | $196.2M | — | ||
| Q4 25 | $184.2M | $368.5M | ||
| Q3 25 | $223.2M | $165.9M | ||
| Q2 25 | $256.1M | $140.7M | ||
| Q1 25 | $208.1M | $295.8M | ||
| Q4 24 | $206.7M | $205.7M | ||
| Q3 24 | $134.0M | $93.9M | ||
| Q2 24 | $101.7M | $62.4M |
总债务PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $3.9M | ||
| Q2 24 | $2.2B | $3.7M |
股东权益PEBPLUG
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.5B | $978.1M | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $2.8B | $3.0B | ||
| Q2 24 | $2.7B | $3.0B |
总资产PEBPLUG
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.3B | $2.6B | ||
| Q3 25 | $5.6B | $3.1B | ||
| Q2 25 | $5.7B | $3.4B | ||
| Q1 25 | $5.7B | $3.6B | ||
| Q4 24 | $5.7B | $3.6B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.7B | $4.8B |
负债/权益比PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | 0.86× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.80× | 0.00× | ||
| Q2 24 | 0.80× | 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 | — | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $114.5M | $-153.0M |
| 自由现金流率自由现金流/营收 | 33.1% | -67.9% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | $249.7M | $-148.6M | ||
| Q3 25 | $77.6M | $-89.8M | ||
| Q2 25 | $90.5M | $-191.8M | ||
| Q1 25 | $50.3M | $-105.6M | ||
| Q4 24 | $275.0M | $-131.2M | ||
| Q3 24 | $76.1M | $-174.9M | ||
| Q2 24 | $83.7M | $-254.7M |
自由现金流PEBPLUG
| Q1 26 | $114.5M | — | ||
| Q4 25 | $152.3M | $-153.0M | ||
| Q3 25 | $6.8M | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | $146.3M | $-165.2M | ||
| Q3 24 | $-24.8M | $-234.2M | ||
| Q2 24 | — | $-356.0M |
自由现金流率PEBPLUG
| Q1 26 | 33.1% | — | ||
| Q4 25 | 43.6% | -67.9% | ||
| Q3 25 | 1.7% | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | 43.3% | -86.3% | ||
| Q3 24 | -6.1% | -134.8% | ||
| Q2 24 | — | -248.4% |
资本支出强度PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 1.9% | ||
| Q3 25 | 17.7% | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | 38.1% | 17.7% | ||
| Q3 24 | 24.9% | 34.1% | ||
| Q2 24 | — | 70.7% |
现金转化率PEBPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.70× | — |
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
PEB
| Room | $214.5M | 62% |
| Food and beverage | $91.1M | 26% |
| Other | $40.0M | 12% |
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% |
