vs
Phathom Pharmaceuticals, Inc.（PHAT）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
Phathom Pharmaceuticals, Inc.的季度营收约是万物新生的1.3倍（$57.6M vs $43.2M）
Phathom Pharmaceuticals是一家临床阶段生物制药公司，专注于研发和商业化胃肠道疾病的创新疗法，其核心候选产品针对酸相关疾病、炎症性肠病等适应症，主要服务北美及欧洲地区的患者群体。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
PHAT vs RERE — 直观对比
营收规模更大
PHAT
是对方的1.3倍
$43.2M
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $57.6M | $43.2M |
| 净利润 | — | $7.3M |
| 毛利率 | 86.7% | — |
| 营业利润率 | — | — |
| 净利率 | — | 16.9% |
| 营收同比 | 94.1% | — |
| 净利润同比 | 71.6% | — |
| 每股收益（稀释后） | — | — |
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PHATRERE
| Q4 25 | $57.6M | — | ||
| Q3 25 | $49.5M | — | ||
| Q2 25 | $39.5M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $29.7M | — | ||
| Q3 24 | $16.4M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 23 | — | $43.2M |
净利润PHATRERE
| Q4 25 | — | — | ||
| Q3 25 | $-30.0M | — | ||
| Q2 25 | $-75.8M | — | ||
| Q1 25 | $-94.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-85.6M | — | ||
| Q2 24 | $-91.4M | — | ||
| Q1 23 | — | $7.3M |
毛利率PHATRERE
| Q4 25 | 86.7% | — | ||
| Q3 25 | 87.5% | — | ||
| Q2 25 | 87.2% | — | ||
| Q1 25 | 86.9% | — | ||
| Q4 24 | 87.1% | — | ||
| Q3 24 | 85.6% | — | ||
| Q2 24 | 81.2% | — | ||
| Q1 23 | — | — |
营业利润率PHATRERE
| Q4 25 | — | — | ||
| Q3 25 | -30.8% | — | ||
| Q2 25 | -151.7% | — | ||
| Q1 25 | -276.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -433.0% | — | ||
| Q2 24 | -1055.4% | — | ||
| Q1 23 | — | — |
净利率PHATRERE
| Q4 25 | — | — | ||
| Q3 25 | -60.5% | — | ||
| Q2 25 | -191.9% | — | ||
| Q1 25 | -330.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -523.3% | — | ||
| Q2 24 | -1248.6% | — | ||
| Q1 23 | — | 16.9% |
每股收益（稀释后）PHATRERE
| Q4 25 | — | — | ||
| Q3 25 | $-0.41 | — | ||
| Q2 25 | $-1.05 | — | ||
| Q1 25 | $-1.31 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.32 | — | ||
| Q2 24 | $-1.56 | — | ||
| Q1 23 | — | — |
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 | $130.0M | $228.0M |
| 总债务越低越好 | $209.1M | — |
| 股东权益账面价值 | $-438.2M | $557.1M |
| 总资产 | $259.1M | $722.9M |
| 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PHATRERE
| Q4 25 | $130.0M | — | ||
| Q3 25 | $135.2M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $212.3M | — | ||
| Q4 24 | $297.3M | — | ||
| Q3 24 | $334.7M | — | ||
| Q2 24 | $276.2M | — | ||
| Q1 23 | — | $228.0M |
总债务PHATRERE
| Q4 25 | $209.1M | — | ||
| Q3 25 | $207.1M | — | ||
| Q2 25 | $205.1M | — | ||
| Q1 25 | $203.2M | — | ||
| Q4 24 | $201.4M | — | ||
| Q3 24 | $175.7M | — | ||
| Q2 24 | $174.4M | — | ||
| Q1 23 | — | — |
股东权益PHATRERE
| Q4 25 | $-438.2M | — | ||
| Q3 25 | $-422.5M | — | ||
| Q2 25 | $-405.8M | — | ||
| Q1 25 | $-338.4M | — | ||
| Q4 24 | $-253.6M | — | ||
| Q3 24 | $-187.1M | — | ||
| Q2 24 | $-233.8M | — | ||
| Q1 23 | — | $557.1M |
总资产PHATRERE
| Q4 25 | $259.1M | — | ||
| Q3 25 | $240.3M | — | ||
| Q2 25 | $250.2M | — | ||
| Q1 25 | $294.2M | — | ||
| Q4 24 | $378.3M | — | ||
| Q3 24 | $387.0M | — | ||
| Q2 24 | $319.4M | — | ||
| Q1 23 | — | $722.9M |
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 | $-166.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-167.0M | — |
| 自由现金流率自由现金流/营收 | -290.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $-328.9M | — |
8季度趋势，按日历期对齐
经营现金流PHATRERE
| Q4 25 | $-166.8M | — | ||
| Q3 25 | $-14.1M | — | ||
| Q2 25 | $-62.7M | — | ||
| Q1 25 | $-84.9M | — | ||
| Q4 24 | $-266.8M | — | ||
| Q3 24 | $-63.6M | — | ||
| Q2 24 | $-70.7M | — | ||
| Q1 23 | — | — |
自由现金流PHATRERE
| Q4 25 | $-167.0M | — | ||
| Q3 25 | $-14.1M | — | ||
| Q2 25 | $-62.8M | — | ||
| Q1 25 | $-84.9M | — | ||
| Q4 24 | $-266.9M | — | ||
| Q3 24 | $-63.6M | — | ||
| Q2 24 | $-70.8M | — | ||
| Q1 23 | — | — |
自由现金流率PHATRERE
| Q4 25 | -290.0% | — | ||
| Q3 25 | -28.6% | — | ||
| Q2 25 | -159.0% | — | ||
| Q1 25 | -297.9% | — | ||
| Q4 24 | -899.8% | — | ||
| Q3 24 | -389.0% | — | ||
| Q2 24 | -966.2% | — | ||
| Q1 23 | — | — |
资本支出强度PHATRERE
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
