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PETMED EXPRESS INC（PETS）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是PETMED EXPRESS INC的1.2倍（$46.8M vs $40.7M），PETMED EXPRESS INC净利率更高（-26.0% vs -34.9%，领先8.9%），TELOS CORP同比增速更快（77.4% vs -23.3%），TELOS CORP自由现金流更多（$8.0M vs $-9.2M），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
PETS vs TLS — 直观对比
营收规模更大
TLS
是对方的1.2倍
$40.7M
营收增速更快
TLS
高出100.6%
-23.3%
净利率更高
PETS
高出8.9%
-34.9%
自由现金流更多
TLS
多$17.2M
$-9.2M
两年增速更快
TLS
近两年复合增速
-20.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.7M | $46.8M |
| 净利润 | $-10.6M | $-16.3M |
| 毛利率 | 23.3% | 35.0% |
| 营业利润率 | -25.7% | -39.6% |
| 净利率 | -26.0% | -34.9% |
| 营收同比 | -23.3% | 77.4% |
| 净利润同比 | -1392.6% | -74.8% |
| 每股收益（稀释后） | $-0.50 | $-0.22 |
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PETSTLS
| Q4 25 | $40.7M | $46.8M | ||
| Q3 25 | $44.4M | $51.4M | ||
| Q2 25 | $51.2M | $36.0M | ||
| Q1 25 | $50.8M | $30.6M | ||
| Q4 24 | $52.0M | $26.4M | ||
| Q3 24 | $58.0M | $23.8M | ||
| Q2 24 | $66.2M | $28.5M | ||
| Q1 24 | $65.1M | $29.6M |
净利润PETSTLS
| Q4 25 | $-10.6M | $-16.3M | ||
| Q3 25 | $-8.5M | $-2.1M | ||
| Q2 25 | $-34.2M | $-9.5M | ||
| Q1 25 | $-11.6M | $-8.6M | ||
| Q4 24 | $-707.0K | $-9.3M | ||
| Q3 24 | $2.3M | $-28.1M | ||
| Q2 24 | $3.8M | $-7.8M | ||
| Q1 24 | $-5.0M | $-7.4M |
毛利率PETSTLS
| Q4 25 | 23.3% | 35.0% | ||
| Q3 25 | 28.0% | 39.9% | ||
| Q2 25 | 28.1% | 33.2% | ||
| Q1 25 | 29.9% | 39.8% | ||
| Q4 24 | 31.0% | 40.3% | ||
| Q3 24 | 32.3% | 13.2% | ||
| Q2 24 | 28.8% | 34.1% | ||
| Q1 24 | 29.3% | 37.0% |
营业利润率PETSTLS
| Q4 25 | -25.7% | -39.6% | ||
| Q3 25 | -18.9% | -4.8% | ||
| Q2 25 | -66.7% | -27.5% | ||
| Q1 25 | -11.9% | -29.5% | ||
| Q4 24 | -0.9% | -37.6% | ||
| Q3 24 | 1.0% | -121.4% | ||
| Q2 24 | 6.6% | -30.3% | ||
| Q1 24 | -5.9% | -28.5% |
净利率PETSTLS
| Q4 25 | -26.0% | -34.9% | ||
| Q3 25 | -19.2% | -4.1% | ||
| Q2 25 | -66.7% | -26.5% | ||
| Q1 25 | -22.9% | -28.1% | ||
| Q4 24 | -1.4% | -35.4% | ||
| Q3 24 | 4.0% | -118.0% | ||
| Q2 24 | 5.7% | -27.2% | ||
| Q1 24 | -7.7% | -24.9% |
每股收益（稀释后）PETSTLS
| Q4 25 | $-0.50 | $-0.22 | ||
| Q3 25 | $-0.41 | $-0.03 | ||
| Q2 25 | $-1.65 | $-0.13 | ||
| Q1 25 | $-0.56 | $-0.12 | ||
| Q4 24 | $-0.03 | $-0.13 | ||
| Q3 24 | $0.11 | $-0.39 | ||
| Q2 24 | $0.18 | $-0.11 | ||
| Q1 24 | $-0.24 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $32.8M | $96.0M |
| 总资产 | $88.0M | $139.9M |
| 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PETSTLS
| Q4 25 | $26.9M | $53.2M | ||
| Q3 25 | $36.1M | $59.0M | ||
| Q2 25 | $41.1M | $57.0M | ||
| Q1 25 | $54.7M | $57.8M | ||
| Q4 24 | $50.1M | $54.6M | ||
| Q3 24 | $52.0M | $69.8M | ||
| Q2 24 | $46.0M | $80.1M | ||
| Q1 24 | $55.3M | $93.9M |
股东权益PETSTLS
| Q4 25 | $32.8M | $96.0M | ||
| Q3 25 | $43.1M | $119.7M | ||
| Q2 25 | $51.5M | $118.4M | ||
| Q1 25 | $85.1M | $126.1M | ||
| Q4 24 | $96.2M | $127.1M | ||
| Q3 24 | $96.4M | $129.5M | ||
| Q2 24 | $93.5M | $149.1M | ||
| Q1 24 | $96.7M | $154.4M |
总资产PETSTLS
| Q4 25 | $88.0M | $139.9M | ||
| Q3 25 | $100.3M | $164.3M | ||
| Q2 25 | $109.8M | $165.0M | ||
| Q1 25 | $148.7M | $158.1M | ||
| Q4 24 | $144.8M | $158.2M | ||
| Q3 24 | $146.0M | $166.3M | ||
| Q2 24 | $152.7M | $182.4M | ||
| Q1 24 | $169.9M | $195.4M |
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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $-9.2M | $8.0M |
| 自由现金流率自由现金流/营收 | -22.7% | 17.0% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $29.4M |
8季度趋势，按日历期对齐
经营现金流PETSTLS
| Q4 25 | $-9.2M | $8.0M | ||
| Q3 25 | $-2.2M | $9.1M | ||
| Q2 25 | $-12.3M | $7.0M | ||
| Q1 25 | $7.0M | $6.1M | ||
| Q4 24 | $-1.2M | $-10.5M | ||
| Q3 24 | $7.4M | $-7.1M | ||
| Q2 24 | $-8.5M | $-8.0M | ||
| Q1 24 | $7.1M | $-350.0K |
自由现金流PETSTLS
| Q4 25 | $-9.2M | $8.0M | ||
| Q3 25 | $-4.8M | $8.7M | ||
| Q2 25 | $-13.6M | $6.8M | ||
| Q1 25 | $4.6M | $6.0M | ||
| Q4 24 | $-1.9M | $-12.4M | ||
| Q3 24 | $6.1M | $-7.1M | ||
| Q2 24 | $-9.2M | $-8.2M | ||
| Q1 24 | $5.9M | $-447.0K |
自由现金流率PETSTLS
| Q4 25 | -22.7% | 17.0% | ||
| Q3 25 | -10.8% | 16.9% | ||
| Q2 25 | -26.5% | 19.0% | ||
| Q1 25 | 9.1% | 19.5% | ||
| Q4 24 | -3.7% | -47.0% | ||
| Q3 24 | 10.6% | -30.0% | ||
| Q2 24 | -13.9% | -28.9% | ||
| Q1 24 | 9.0% | -1.5% |
资本支出强度PETSTLS
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 5.9% | 0.9% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 4.7% | 0.4% | ||
| Q4 24 | 1.5% | 7.1% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 1.0% | 0.8% | ||
| Q1 24 | 1.9% | 0.3% |
现金转化率PETSTLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
