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Penguin Solutions, Inc.（PENG）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是Penguin Solutions, Inc.的1.7倍（$586.5M vs $343.1M），Penguin Solutions, Inc.净利率更高（1.5% vs -21.0%，领先22.6%），罗塞塔石碑同比增速更快（73.0% vs 0.6%），Penguin Solutions, Inc.自由现金流更多（$28.2M vs $26.7M），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs 11.8%）
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
PENG vs STEP — 直观对比
营收规模更大
STEP
是对方的1.7倍
$343.1M
营收增速更快
STEP
高出72.4%
0.6%
净利率更高
PENG
高出22.6%
-21.0%
自由现金流更多
PENG
多$1.5M
$26.7M
两年增速更快
STEP
近两年复合增速
11.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.1M | $586.5M |
| 净利润 | $5.3M | $-123.5M |
| 毛利率 | 28.0% | — |
| 营业利润率 | 5.7% | -33.2% |
| 净利率 | 1.5% | -21.0% |
| 营收同比 | 0.6% | 73.0% |
| 净利润同比 | 1.0% | 35.7% |
| 每股收益（稀释后） | $0.04 | $-1.55 |
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PENGSTEP
| Q4 25 | $343.1M | $586.5M | ||
| Q3 25 | $337.9M | $454.2M | ||
| Q2 25 | $324.3M | $364.3M | ||
| Q1 25 | $365.5M | $377.7M | ||
| Q4 24 | $341.1M | $339.0M | ||
| Q3 24 | $284.8M | $271.7M | ||
| Q2 24 | $300.6M | $186.4M | ||
| Q1 24 | — | $356.8M |
净利润PENGSTEP
| Q4 25 | $5.3M | $-123.5M | ||
| Q3 25 | $9.4M | $-366.1M | ||
| Q2 25 | $2.7M | $-38.4M | ||
| Q1 25 | $8.1M | $-18.5M | ||
| Q4 24 | $5.2M | $-192.0M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | $5.6M | $13.3M | ||
| Q1 24 | — | $30.8M |
毛利率PENGSTEP
| Q4 25 | 28.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 29.6% | — | ||
| Q1 24 | — | — |
营业利润率PENGSTEP
| Q4 25 | 5.7% | -33.2% | ||
| Q3 25 | 3.7% | -148.8% | ||
| Q2 25 | 3.0% | -5.6% | ||
| Q1 25 | 5.1% | 2.6% | ||
| Q4 24 | 5.1% | -101.7% | ||
| Q3 24 | -1.2% | 21.3% | ||
| Q2 24 | 3.8% | 29.4% | ||
| Q1 24 | — | 26.5% |
净利率PENGSTEP
| Q4 25 | 1.5% | -21.0% | ||
| Q3 25 | 2.8% | -80.6% | ||
| Q2 25 | 0.8% | -10.5% | ||
| Q1 25 | 2.2% | -4.9% | ||
| Q4 24 | 1.5% | -56.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 1.9% | 7.2% | ||
| Q1 24 | — | 8.6% |
每股收益（稀释后）PENGSTEP
| Q4 25 | $0.04 | $-1.55 | ||
| Q3 25 | $0.10 | $-4.66 | ||
| Q2 25 | $-0.01 | $-0.49 | ||
| Q1 25 | $0.09 | $-0.37 | ||
| Q4 24 | $0.10 | $-2.61 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | $0.10 | $0.20 | ||
| Q1 24 | — | $0.47 |
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 | $461.5M | — |
| 总债务越低越好 | $462.3M | $270.2M |
| 股东权益账面价值 | $389.7M | $-378.8M |
| 总资产 | $1.6B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资PENGSTEP
| Q4 25 | $461.5M | — | ||
| Q3 25 | $453.8M | — | ||
| Q2 25 | $735.5M | — | ||
| Q1 25 | $647.0M | — | ||
| Q4 24 | $393.7M | — | ||
| Q3 24 | $389.5M | — | ||
| Q2 24 | $467.5M | — | ||
| Q1 24 | — | — |
总债务PENGSTEP
| Q4 25 | $462.3M | $270.2M | ||
| Q3 25 | $461.8M | $269.9M | ||
| Q2 25 | $659.5M | $269.6M | ||
| Q1 25 | $658.8M | $269.3M | ||
| Q4 24 | $658.1M | $168.9M | ||
| Q3 24 | $657.3M | $172.3M | ||
| Q2 24 | $667.0M | $172.1M | ||
| Q1 24 | — | $148.8M |
股东权益PENGSTEP
| Q4 25 | $389.7M | $-378.8M | ||
| Q3 25 | $394.2M | $-233.5M | ||
| Q2 25 | $584.8M | $153.9M | ||
| Q1 25 | $602.5M | $179.4M | ||
| Q4 24 | $400.4M | $209.8M | ||
| Q3 24 | $391.4M | $397.5M | ||
| Q2 24 | $423.4M | $366.9M | ||
| Q1 24 | — | $324.5M |
总资产PENGSTEP
| Q4 25 | $1.6B | $5.2B | ||
| Q3 25 | $1.6B | $5.3B | ||
| Q2 25 | $1.8B | $4.8B | ||
| Q1 25 | $1.8B | $4.6B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.5B | $4.0B | ||
| Q2 24 | $1.5B | $3.8B | ||
| Q1 24 | — | $3.8B |
负债/权益比PENGSTEP
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 1.13× | 1.75× | ||
| Q1 25 | 1.09× | 1.50× | ||
| Q4 24 | 1.64× | 0.81× | ||
| Q3 24 | 1.68× | 0.43× | ||
| Q2 24 | 1.58× | 0.47× | ||
| Q1 24 | — | 0.46× |
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 | $31.1M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $28.2M | $26.7M |
| 自由现金流率自由现金流/营收 | 8.2% | 4.6% |
| 资本支出强度资本支出/营收 | 0.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 5.89× | — |
| 过去12个月自由现金流最近4个季度 | $116.3M | $18.6M |
8季度趋势，按日历期对齐
经营现金流PENGSTEP
| Q4 25 | $31.1M | $27.2M | ||
| Q3 25 | $-70.4M | $16.2M | ||
| Q2 25 | $92.8M | $46.3M | ||
| Q1 25 | $72.9M | $-66.5M | ||
| Q4 24 | $13.8M | $27.6M | ||
| Q3 24 | — | $53.7M | ||
| Q2 24 | $57.9M | $50.2M | ||
| Q1 24 | — | $7.6M |
自由现金流PENGSTEP
| Q4 25 | $28.2M | $26.7M | ||
| Q3 25 | $-73.4M | $15.9M | ||
| Q2 25 | $90.9M | $45.2M | ||
| Q1 25 | $70.5M | $-69.2M | ||
| Q4 24 | $12.0M | $27.0M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | $48.9M | $49.6M | ||
| Q1 24 | — | $6.7M |
自由现金流率PENGSTEP
| Q4 25 | 8.2% | 4.6% | ||
| Q3 25 | -21.7% | 3.5% | ||
| Q2 25 | 28.0% | 12.4% | ||
| Q1 25 | 19.3% | -18.3% | ||
| Q4 24 | 3.5% | 8.0% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | 16.3% | 26.6% | ||
| Q1 24 | — | 1.9% |
资本支出强度PENGSTEP
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 0.6% | 0.3% | ||
| Q1 25 | 0.6% | 0.7% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 3.0% | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率PENGSTEP
| Q4 25 | 5.89× | — | ||
| Q3 25 | -7.47× | — | ||
| Q2 25 | 34.88× | — | ||
| Q1 25 | 9.02× | — | ||
| Q4 24 | 2.65× | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | 10.30× | 3.76× | ||
| Q1 24 | — | 0.25× |
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
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
