vs
北极星（PII）与泰瑞达（TER）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泰瑞达的1.5倍（$1.7B vs $1.1B），泰瑞达净利率更高（23.7% vs -2.8%，领先26.6%），泰瑞达同比增速更快（43.9% vs 8.0%），泰瑞达自由现金流更多（$218.8M vs $-342.5M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
PII vs TER — 直观对比
营收规模更大
PII
是对方的1.5倍
$1.1B
营收增速更快
TER
高出35.9%
8.0%
净利率更高
TER
高出26.6%
-2.8%
自由现金流更多
TER
多$561.3M
$-342.5M
两年增速更快
TER
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $-47.2M | $257.2M |
| 毛利率 | 20.2% | 57.2% |
| 营业利润率 | — | 27.1% |
| 净利率 | -2.8% | 23.7% |
| 营收同比 | 8.0% | 43.9% |
| 净利润同比 | 29.2% | 75.9% |
| 每股收益（稀释后） | $-0.83 | $1.62 |
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PIITER
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $769.2M | ||
| Q2 25 | $1.9B | $651.8M | ||
| Q1 25 | $1.5B | $685.7M | ||
| Q4 24 | $1.8B | $752.9M | ||
| Q3 24 | $1.7B | $737.3M | ||
| Q2 24 | $2.0B | $729.9M |
净利润PIITER
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $257.2M | ||
| Q3 25 | $-15.8M | $119.6M | ||
| Q2 25 | $-79.3M | $78.4M | ||
| Q1 25 | $-66.8M | $98.9M | ||
| Q4 24 | $10.6M | $146.3M | ||
| Q3 24 | $27.7M | $145.6M | ||
| Q2 24 | $68.7M | $186.3M |
毛利率PIITER
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 57.2% | ||
| Q3 25 | 20.7% | 58.4% | ||
| Q2 25 | 19.4% | 57.2% | ||
| Q1 25 | 16.0% | 60.6% | ||
| Q4 24 | 20.4% | 59.4% | ||
| Q3 24 | 20.6% | 59.2% | ||
| Q2 24 | 21.6% | 58.3% |
营业利润率PIITER
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 27.1% | ||
| Q3 25 | 1.1% | 18.9% | ||
| Q2 25 | -0.7% | 13.9% | ||
| Q1 25 | -2.4% | 17.6% | ||
| Q4 24 | 3.7% | 20.4% | ||
| Q3 24 | 3.8% | 20.6% | ||
| Q2 24 | 6.1% | 28.8% |
净利率PIITER
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 23.7% | ||
| Q3 25 | -0.9% | 15.5% | ||
| Q2 25 | -4.3% | 12.0% | ||
| Q1 25 | -4.3% | 14.4% | ||
| Q4 24 | 0.6% | 19.4% | ||
| Q3 24 | 1.6% | 19.8% | ||
| Q2 24 | 3.5% | 25.5% |
每股收益（稀释后）PIITER
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $1.62 | ||
| Q3 25 | $-0.28 | $0.75 | ||
| Q2 25 | $-1.39 | $0.49 | ||
| Q1 25 | $-1.17 | $0.61 | ||
| Q4 24 | $0.18 | $0.89 | ||
| Q3 24 | $0.49 | $0.89 | ||
| Q2 24 | $1.21 | $1.14 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.8B |
| 总资产 | $5.2B | $4.2B |
| 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PIITER
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $293.8M | ||
| Q3 25 | $335.5M | $272.7M | ||
| Q2 25 | $324.3M | $339.3M | ||
| Q1 25 | $291.7M | $475.6M | ||
| Q4 24 | $287.8M | $553.4M | ||
| Q3 24 | $291.3M | $510.0M | ||
| Q2 24 | $322.7M | $421.9M |
总债务PIITER
| 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PIITER
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $2.8B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.7B |
总资产PIITER
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $4.2B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $5.4B | $3.8B | ||
| Q1 25 | $5.5B | $3.7B | ||
| Q4 24 | $5.5B | $3.7B | ||
| Q3 24 | $5.6B | $3.8B | ||
| Q2 24 | $5.7B | $3.6B |
负债/权益比PIITER
| 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 | — | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $218.8M |
| 自由现金流率自由现金流/营收 | -20.6% | 20.2% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $450.4M |
8季度趋势，按日历期对齐
经营现金流PIITER
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $281.6M | ||
| Q3 25 | $158.8M | $49.0M | ||
| Q2 25 | $320.3M | $182.1M | ||
| Q1 25 | $83.2M | $161.6M | ||
| Q4 24 | $206.3M | $282.6M | ||
| Q3 24 | $21.0M | $166.3M | ||
| Q2 24 | $146.3M | $216.1M |
自由现金流PIITER
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $218.8M | ||
| Q3 25 | $116.7M | $2.4M | ||
| Q2 25 | $279.8M | $131.7M | ||
| Q1 25 | $47.6M | $97.6M | ||
| Q4 24 | $137.3M | $225.2M | ||
| Q3 24 | $-32.4M | $114.4M | ||
| Q2 24 | $79.1M | $171.2M |
自由现金流率PIITER
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 20.2% | ||
| Q3 25 | 6.3% | 0.3% | ||
| Q2 25 | 15.1% | 20.2% | ||
| Q1 25 | 3.1% | 14.2% | ||
| Q4 24 | 7.8% | 29.9% | ||
| Q3 24 | -1.9% | 15.5% | ||
| Q2 24 | 4.0% | 23.5% |
资本支出强度PIITER
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 5.8% | ||
| Q3 25 | 2.3% | 6.1% | ||
| Q2 25 | 2.2% | 7.7% | ||
| Q1 25 | 2.3% | 9.3% | ||
| Q4 24 | 3.9% | 7.6% | ||
| Q3 24 | 3.1% | 7.0% | ||
| Q2 24 | 3.4% | 6.1% |
现金转化率PIITER
| Q1 26 | — | — | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 19.46× | 1.93× | ||
| Q3 24 | 0.76× | 1.14× | ||
| Q2 24 | 2.13× | 1.16× |
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
PII
暂无分部数据
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
