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北极星（PII）与PINTEREST, INC.（PINS）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是PINTEREST, INC.的1.6倍（$1.7B vs $1.0B），北极星净利率更高（-2.8% vs -7.3%，领先4.5%），PINTEREST, INC.同比增速更快（17.8% vs 8.0%），PINTEREST, INC.自由现金流更多（$311.7M vs $-342.5M），过去两年PINTEREST, INC.的营收复合增速更高（8.6% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
PII vs PINS — 直观对比
营收规模更大
PII
是对方的1.6倍
$1.0B
营收增速更快
PINS
高出9.8%
8.0%
净利率更高
PII
高出4.5%
-7.3%
自由现金流更多
PINS
多$654.2M
$-342.5M
两年增速更快
PINS
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $-47.2M | $-73.6M |
| 毛利率 | 20.2% | 76.3% |
| 营业利润率 | 76.5% | -8.0% |
| 净利率 | -2.8% | -7.3% |
| 营收同比 | 8.0% | 17.8% |
| 净利润同比 | 29.0% | — |
| 每股收益（稀释后） | $-0.83 | $-0.12 |
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PIIPINS
| Q1 26 | $1.7B | $1.0B | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.9B | $998.2M | ||
| Q1 25 | $1.5B | $855.0M | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.7B | $898.4M | ||
| Q2 24 | $2.0B | $853.7M |
净利润PIIPINS
| Q1 26 | $-47.2M | $-73.6M | ||
| Q4 25 | $-303.6M | $277.1M | ||
| Q3 25 | $-15.8M | $92.1M | ||
| Q2 25 | $-79.3M | $38.8M | ||
| Q1 25 | $-66.8M | $8.9M | ||
| Q4 24 | $10.6M | $1.8B | ||
| Q3 24 | $27.7M | $30.6M | ||
| Q2 24 | $68.7M | $8.9M |
毛利率PIIPINS
| Q1 26 | 20.2% | 76.3% | ||
| Q4 25 | 20.0% | 82.8% | ||
| Q3 25 | 20.7% | 79.8% | ||
| Q2 25 | 19.4% | 79.7% | ||
| Q1 25 | 16.0% | 76.7% | ||
| Q4 24 | 20.4% | 82.9% | ||
| Q3 24 | 20.6% | 79.1% | ||
| Q2 24 | 21.6% | 78.3% |
营业利润率PIIPINS
| Q1 26 | 76.5% | -8.0% | ||
| Q4 25 | -16.7% | 22.8% | ||
| Q3 25 | 1.1% | 5.6% | ||
| Q2 25 | -0.7% | -0.4% | ||
| Q1 25 | -2.4% | -4.1% | ||
| Q4 24 | 3.7% | 22.7% | ||
| Q3 24 | 3.8% | -0.7% | ||
| Q2 24 | 6.1% | -2.5% |
净利率PIIPINS
| Q1 26 | -2.8% | -7.3% | ||
| Q4 25 | -15.8% | 21.0% | ||
| Q3 25 | -0.9% | 8.8% | ||
| Q2 25 | -4.3% | 3.9% | ||
| Q1 25 | -4.3% | 1.0% | ||
| Q4 24 | 0.6% | 160.1% | ||
| Q3 24 | 1.6% | 3.4% | ||
| Q2 24 | 3.5% | 1.0% |
每股收益（稀释后）PIIPINS
| Q1 26 | $-0.83 | $-0.12 | ||
| Q4 25 | $-5.34 | $0.41 | ||
| Q3 25 | $-0.28 | $0.13 | ||
| Q2 25 | $-1.39 | $0.06 | ||
| Q1 25 | $-1.17 | $0.01 | ||
| Q4 24 | $0.18 | $2.66 | ||
| Q3 24 | $0.49 | $0.04 | ||
| Q2 24 | $1.21 | $0.01 |
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 | $282.0M | $378.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.9B |
| 总资产 | $5.2B | $4.6B |
| 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PIIPINS
| Q1 26 | $282.0M | $378.1M | ||
| Q4 25 | $138.0M | $969.3M | ||
| Q3 25 | $335.5M | $1.1B | ||
| Q2 25 | $324.3M | $1.2B | ||
| Q1 25 | $291.7M | $1.3B | ||
| Q4 24 | $287.8M | $1.1B | ||
| Q3 24 | $291.3M | $1.0B | ||
| Q2 24 | $322.7M | $1.4B |
总债务PIIPINS
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIPINS
| Q1 26 | $750.4M | $2.9B | ||
| Q4 25 | $828.4M | $4.7B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $3.2B |
总资产PIIPINS
| Q1 26 | $5.2B | $4.6B | ||
| Q4 25 | $4.9B | $5.5B | ||
| Q3 25 | $5.3B | $5.5B | ||
| Q2 25 | $5.4B | $5.4B | ||
| Q1 25 | $5.5B | $5.3B | ||
| Q4 24 | $5.5B | $5.3B | ||
| Q3 24 | $5.6B | $3.5B | ||
| Q2 24 | $5.7B | $3.7B |
负债/权益比PIIPINS
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $328.0M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $311.7M |
| 自由现金流率自由现金流/营收 | -20.6% | 30.9% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | $168.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流PIIPINS
| Q1 26 | — | $328.0M | ||
| Q4 25 | $178.7M | $391.2M | ||
| Q3 25 | $158.8M | $321.7M | ||
| Q2 25 | $320.3M | $207.7M | ||
| Q1 25 | $83.2M | $363.7M | ||
| Q4 24 | $206.3M | $254.0M | ||
| Q3 24 | $21.0M | $248.0M | ||
| Q2 24 | $146.3M | $106.4M |
自由现金流PIIPINS
| Q1 26 | $-342.5M | $311.7M | ||
| Q4 25 | $114.0M | $380.4M | ||
| Q3 25 | $116.7M | $318.4M | ||
| Q2 25 | $279.8M | $196.7M | ||
| Q1 25 | $47.6M | $356.4M | ||
| Q4 24 | $137.3M | $250.2M | ||
| Q3 24 | $-32.4M | $244.1M | ||
| Q2 24 | $79.1M | $101.6M |
自由现金流率PIIPINS
| Q1 26 | -20.6% | 30.9% | ||
| Q4 25 | 5.9% | 28.8% | ||
| Q3 25 | 6.3% | 30.3% | ||
| Q2 25 | 15.1% | 19.7% | ||
| Q1 25 | 3.1% | 41.7% | ||
| Q4 24 | 7.8% | 21.7% | ||
| Q3 24 | -1.9% | 27.2% | ||
| Q2 24 | 4.0% | 11.9% |
资本支出强度PIIPINS
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 0.8% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.3% | 0.9% | ||
| Q4 24 | 3.9% | 0.3% | ||
| Q3 24 | 3.1% | 0.4% | ||
| Q2 24 | 3.4% | 0.6% |
现金转化率PIIPINS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 3.49× | ||
| Q2 25 | — | 5.36× | ||
| Q1 25 | — | 40.77× | ||
| Q4 24 | 19.46× | 0.14× | ||
| Q3 24 | 0.76× | 8.12× | ||
| Q2 24 | 2.13× | 11.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
