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PETMED EXPRESS INC（PETS）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PETMED EXPRESS INC的1.2倍（$47.1M vs $40.7M），PETMED EXPRESS INC净利率更高（-26.0% vs -33.9%，领先7.9%），STEM, INC.同比增速更快（-15.6% vs -23.3%），过去两年STEM, INC.的营收复合增速更高（36.1% vs -20.9%）
PetMed Express，也叫PetMeds，是总部位于美国的线上宠物药房。该企业公开上市，主营宠物处方及非处方药物销售业务，是北美知名的宠物医药线上零售平台。
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。
PETS vs STEM — 直观对比
营收规模更大
STEM
是对方的1.2倍
$40.7M
营收增速更快
STEM
高出7.7%
-23.3%
净利率更高
PETS
高出7.9%
-33.9%
两年增速更快
STEM
近两年复合增速
-20.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.7M | $47.1M |
| 净利润 | $-10.6M | $-16.0M |
| 毛利率 | 23.3% | 48.9% |
| 营业利润率 | -25.7% | -17.7% |
| 净利率 | -26.0% | -33.9% |
| 营收同比 | -23.3% | -15.6% |
| 净利润同比 | -1392.6% | 68.8% |
| 每股收益（稀释后） | $-0.50 | $-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PETSSTEM
| Q4 25 | $40.7M | $47.1M | ||
| Q3 25 | $44.4M | $38.2M | ||
| Q2 25 | $51.2M | $38.4M | ||
| Q1 25 | $50.8M | $32.5M | ||
| Q4 24 | $52.0M | $55.8M | ||
| Q3 24 | $58.0M | $29.3M | ||
| Q2 24 | $66.2M | $34.0M | ||
| Q1 24 | $65.1M | $25.5M |
净利润PETSSTEM
| Q4 25 | $-10.6M | $-16.0M | ||
| Q3 25 | $-8.5M | $-23.8M | ||
| Q2 25 | $-34.2M | $202.5M | ||
| Q1 25 | $-11.6M | $-25.0M | ||
| Q4 24 | $-707.0K | $-51.1M | ||
| Q3 24 | $2.3M | $-148.3M | ||
| Q2 24 | $3.8M | $-582.3M | ||
| Q1 24 | $-5.0M | $-72.3M |
毛利率PETSSTEM
| Q4 25 | 23.3% | 48.9% | ||
| Q3 25 | 28.0% | 35.5% | ||
| Q2 25 | 28.1% | 33.4% | ||
| Q1 25 | 29.9% | 32.4% | ||
| Q4 24 | 31.0% | -4.4% | ||
| Q3 24 | 32.3% | 21.2% | ||
| Q2 24 | 28.8% | 27.6% | ||
| Q1 24 | 29.3% | -95.0% |
营业利润率PETSSTEM
| Q4 25 | -25.7% | -17.7% | ||
| Q3 25 | -18.9% | -33.6% | ||
| Q2 25 | -66.7% | -34.8% | ||
| Q1 25 | -11.9% | -65.0% | ||
| Q4 24 | -0.9% | -84.4% | ||
| Q3 24 | 1.0% | -493.2% | ||
| Q2 24 | 6.6% | -1705.5% | ||
| Q1 24 | -5.9% | -267.0% |
净利率PETSSTEM
| Q4 25 | -26.0% | -33.9% | ||
| Q3 25 | -19.2% | -62.2% | ||
| Q2 25 | -66.7% | 527.8% | ||
| Q1 25 | -22.9% | -76.9% | ||
| Q4 24 | -1.4% | -91.6% | ||
| Q3 24 | 4.0% | -506.3% | ||
| Q2 24 | 5.7% | -1712.6% | ||
| Q1 24 | -7.7% | -283.9% |
每股收益（稀释后）PETSSTEM
| Q4 25 | $-0.50 | $-4.40 | ||
| Q3 25 | $-0.41 | $-2.84 | ||
| Q2 25 | $-1.65 | $-1.79 | ||
| Q1 25 | $-0.56 | $-0.15 | ||
| Q4 24 | $-0.03 | $-15.29 | ||
| Q3 24 | $0.11 | $-18.24 | ||
| Q2 24 | $0.18 | $-71.81 | ||
| Q1 24 | $-0.24 | $-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 | $26.9M | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $32.8M | $-249.4M |
| 总资产 | $88.0M | $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PETSSTEM
| Q4 25 | $26.9M | $48.9M | ||
| Q3 25 | $36.1M | $43.1M | ||
| Q2 25 | $41.1M | $40.8M | ||
| Q1 25 | $54.7M | $58.6M | ||
| Q4 24 | $50.1M | $56.3M | ||
| Q3 24 | $52.0M | $75.4M | ||
| Q2 24 | $46.0M | $89.6M | ||
| Q1 24 | $55.3M | $112.8M |
股东权益PETSSTEM
| Q4 25 | $32.8M | $-249.4M | ||
| Q3 25 | $43.1M | $-235.7M | ||
| Q2 25 | $51.5M | $-214.1M | ||
| Q1 25 | $85.1M | $-417.5M | ||
| Q4 24 | $96.2M | $-398.4M | ||
| Q3 24 | $96.4M | $-344.1M | ||
| Q2 24 | $93.5M | $-203.2M | ||
| Q1 24 | $96.7M | $371.6M |
总资产PETSSTEM
| Q4 25 | $88.0M | $308.9M | ||
| Q3 25 | $100.3M | $362.6M | ||
| Q2 25 | $109.8M | $379.2M | ||
| Q1 25 | $148.7M | $405.1M | ||
| Q4 24 | $144.8M | $437.4M | ||
| Q3 24 | $146.0M | $537.8M | ||
| Q2 24 | $152.7M | $691.5M | ||
| Q1 24 | $169.9M | $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 | $-9.2M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $-9.2M | — |
| 自由现金流率自由现金流/营收 | -22.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $-23.0M | — |
8季度趋势，按日历期对齐
经营现金流PETSSTEM
| Q4 25 | $-9.2M | $8.2M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-12.3M | $-21.3M | ||
| Q1 25 | $7.0M | $8.5M | ||
| Q4 24 | $-1.2M | $-14.7M | ||
| Q3 24 | $7.4M | $-9.4M | ||
| Q2 24 | $-8.5M | $-11.9M | ||
| Q1 24 | $7.1M | $-621.0K |
自由现金流PETSSTEM
| Q4 25 | $-9.2M | — | ||
| Q3 25 | $-4.8M | — | ||
| Q2 25 | $-13.6M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $6.1M | — | ||
| Q2 24 | $-9.2M | — | ||
| Q1 24 | $5.9M | — |
自由现金流率PETSSTEM
| Q4 25 | -22.7% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | -26.5% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | -3.7% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -13.9% | — | ||
| Q1 24 | 9.0% | — |
资本支出强度PETSSTEM
| Q4 25 | 0.1% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 1.9% | — |
现金转化率PETSSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | -2.27× | — | ||
| 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
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
STEM
暂无分部数据
