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北极星（PII）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.9倍（$1.7B vs $871.9M），Worthington Steel, Inc.净利率更高（2.2% vs -2.8%，领先5.0%），Worthington Steel, Inc.同比增速更快（18.0% vs 8.0%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $-342.5M），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
PII vs WS — 直观对比
营收规模更大
PII
是对方的1.9倍
$871.9M
营收增速更快
WS
高出10.0%
8.0%
净利率更高
WS
高出5.0%
-2.8%
自由现金流更多
WS
多$417.1M
$-342.5M
两年增速更快
WS
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $871.9M |
| 净利润 | $-47.2M | $18.8M |
| 毛利率 | 20.2% | 10.7% |
| 营业利润率 | 76.5% | 2.5% |
| 净利率 | -2.8% | 2.2% |
| 营收同比 | 8.0% | 18.0% |
| 净利润同比 | 29.0% | 46.9% |
| 每股收益（稀释后） | $-0.83 | $0.37 |
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PIIWS
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $871.9M | ||
| Q3 25 | $1.8B | $872.9M | ||
| Q2 25 | $1.9B | $832.9M | ||
| Q1 25 | $1.5B | $687.4M | ||
| Q4 24 | $1.8B | $739.0M | ||
| Q3 24 | $1.7B | $834.0M | ||
| Q2 24 | $2.0B | — |
净利润PIIWS
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $18.8M | ||
| Q3 25 | $-15.8M | $36.8M | ||
| Q2 25 | $-79.3M | $55.7M | ||
| Q1 25 | $-66.8M | $13.8M | ||
| Q4 24 | $10.6M | $12.8M | ||
| Q3 24 | $27.7M | $28.4M | ||
| Q2 24 | $68.7M | — |
毛利率PIIWS
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 10.7% | ||
| Q3 25 | 20.7% | 13.2% | ||
| Q2 25 | 19.4% | 15.2% | ||
| Q1 25 | 16.0% | 11.8% | ||
| Q4 24 | 20.4% | 10.8% | ||
| Q3 24 | 20.6% | 12.0% | ||
| Q2 24 | 21.6% | — |
营业利润率PIIWS
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 2.5% | ||
| Q3 25 | 1.1% | 5.5% | ||
| Q2 25 | -0.7% | 8.0% | ||
| Q1 25 | -2.4% | 2.7% | ||
| Q4 24 | 3.7% | 2.6% | ||
| Q3 24 | 3.8% | 5.2% | ||
| Q2 24 | 6.1% | — |
净利率PIIWS
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 2.2% | ||
| Q3 25 | -0.9% | 4.2% | ||
| Q2 25 | -4.3% | 6.7% | ||
| Q1 25 | -4.3% | 2.0% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 1.6% | 3.4% | ||
| Q2 24 | 3.5% | — |
每股收益（稀释后）PIIWS
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.37 | ||
| Q3 25 | $-0.28 | $0.72 | ||
| Q2 25 | $-1.39 | $1.11 | ||
| Q1 25 | $-1.17 | $0.27 | ||
| Q4 24 | $0.18 | $0.25 | ||
| Q3 24 | $0.49 | $0.56 | ||
| Q2 24 | $1.21 | — |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $750.4M | $1.1B |
| 总资产 | $5.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PIIWS
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $89.8M | ||
| Q3 25 | $335.5M | $78.3M | ||
| Q2 25 | $324.3M | $38.0M | ||
| Q1 25 | $291.7M | $63.3M | ||
| Q4 24 | $287.8M | $52.0M | ||
| Q3 24 | $291.3M | $36.0M | ||
| Q2 24 | $322.7M | — |
总债务PIIWS
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $72.1M | ||
| Q3 25 | $1.3B | $73.4M | ||
| Q2 25 | $1.4B | $151.5M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $115.0M | ||
| Q3 24 | $1.7B | $122.2M | ||
| Q2 24 | $2.1B | — |
股东权益PIIWS
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | — |
总资产PIIWS
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $2.1B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.4B | $2.0B | ||
| Q1 25 | $5.5B | $1.8B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | $5.6B | $1.8B | ||
| Q2 24 | $5.7B | — |
负债/权益比PIIWS
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 0.06× | ||
| Q3 25 | 1.13× | 0.07× | ||
| Q2 25 | 1.17× | 0.14× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | 0.11× | ||
| Q3 24 | 1.29× | 0.12× | ||
| 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 | — | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $74.6M |
| 自由现金流率自由现金流/营收 | -20.6% | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $72.5M |
8季度趋势，按日历期对齐
经营现金流PIIWS
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $99.3M | ||
| Q3 25 | $158.8M | $-6.3M | ||
| Q2 25 | $320.3M | $53.9M | ||
| Q1 25 | $83.2M | $53.8M | ||
| Q4 24 | $206.3M | $68.0M | ||
| Q3 24 | $21.0M | $54.6M | ||
| Q2 24 | $146.3M | — |
自由现金流PIIWS
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $74.6M | ||
| Q3 25 | $116.7M | $-35.7M | ||
| Q2 25 | $279.8M | $8.4M | ||
| Q1 25 | $47.6M | $25.2M | ||
| Q4 24 | $137.3M | $33.2M | ||
| Q3 24 | $-32.4M | $33.1M | ||
| Q2 24 | $79.1M | — |
自由现金流率PIIWS
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 8.6% | ||
| Q3 25 | 6.3% | -4.1% | ||
| Q2 25 | 15.1% | 1.0% | ||
| Q1 25 | 3.1% | 3.7% | ||
| Q4 24 | 7.8% | 4.5% | ||
| Q3 24 | -1.9% | 4.0% | ||
| Q2 24 | 4.0% | — |
资本支出强度PIIWS
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.8% | ||
| Q3 25 | 2.3% | 3.4% | ||
| Q2 25 | 2.2% | 5.5% | ||
| Q1 25 | 2.3% | 4.2% | ||
| Q4 24 | 3.9% | 4.7% | ||
| Q3 24 | 3.1% | 2.6% | ||
| Q2 24 | 3.4% | — |
现金转化率PIIWS
| Q1 26 | — | — | ||
| Q4 25 | — | 5.28× | ||
| Q3 25 | — | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | 19.46× | 5.31× | ||
| Q3 24 | 0.76× | 1.92× | ||
| Q2 24 | 2.13× | — |
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
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
