vs
Planet Labs PBC（PL）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是SunPower Inc.的1.0倍（$81.3M vs $79.7M），SunPower Inc.净利率更高（-17.8% vs -72.8%，领先55.1%），Planet Labs PBC同比增速更快（32.6% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% vs 17.5%）
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
PL vs SPWR — 直观对比
营收规模更大
PL
是对方的1.0倍
$79.7M
营收增速更快
PL
高出42.7%
-10.1%
净利率更高
SPWR
高出55.1%
-72.8%
两年增速更快
SPWR
近两年复合增速
17.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $79.7M |
| 净利润 | $-59.2M | $-14.2M |
| 毛利率 | 57.3% | 35.5% |
| 营业利润率 | -22.6% | -27.4% |
| 净利率 | -72.8% | -17.8% |
| 营收同比 | 32.6% | -10.1% |
| 净利润同比 | -194.7% | -130.1% |
| 每股收益（稀释后） | $-0.19 | $-0.05 |
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PLSPWR
| Q4 25 | $81.3M | $79.7M | ||
| Q3 25 | $73.4M | $22.0M | ||
| Q2 25 | $66.3M | $67.5M | ||
| Q1 25 | $61.6M | $82.7M | ||
| Q4 24 | $61.3M | $88.7M | ||
| Q3 24 | $61.1M | — | ||
| Q2 24 | $60.4M | — | ||
| Q1 24 | $58.9M | — |
净利润PLSPWR
| Q4 25 | $-59.2M | $-14.2M | ||
| Q3 25 | $-22.6M | $-16.9M | ||
| Q2 25 | $-12.6M | $-22.4M | ||
| Q1 25 | $-35.2M | $8.1M | ||
| Q4 24 | $-20.1M | $47.0M | ||
| Q3 24 | $-38.7M | — | ||
| Q2 24 | $-29.3M | — | ||
| Q1 24 | $-30.1M | — |
毛利率PLSPWR
| Q4 25 | 57.3% | 35.5% | ||
| Q3 25 | 57.6% | — | ||
| Q2 25 | 55.2% | 42.6% | ||
| Q1 25 | 62.1% | 48.5% | ||
| Q4 24 | 61.2% | 46.5% | ||
| Q3 24 | 52.9% | — | ||
| Q2 24 | 52.4% | — | ||
| Q1 24 | 55.2% | — |
营业利润率PLSPWR
| Q4 25 | -22.6% | -27.4% | ||
| Q3 25 | -24.5% | -15.7% | ||
| Q2 25 | -34.4% | -4.0% | ||
| Q1 25 | -31.5% | 1.3% | ||
| Q4 24 | -36.9% | -24.2% | ||
| Q3 24 | -64.8% | — | ||
| Q2 24 | -57.2% | — | ||
| Q1 24 | -57.6% | — |
净利率PLSPWR
| Q4 25 | -72.8% | -17.8% | ||
| Q3 25 | -30.8% | -76.9% | ||
| Q2 25 | -19.1% | -33.2% | ||
| Q1 25 | -57.1% | 9.8% | ||
| Q4 24 | -32.8% | 53.0% | ||
| Q3 24 | -63.3% | — | ||
| Q2 24 | -48.5% | — | ||
| Q1 24 | -51.1% | — |
每股收益（稀释后）PLSPWR
| Q4 25 | $-0.19 | $-0.05 | ||
| Q3 25 | $-0.07 | $-0.19 | ||
| Q2 25 | $-0.04 | $-0.28 | ||
| Q1 25 | $-0.12 | $0.00 | ||
| Q4 24 | $-0.07 | $0.27 | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 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 | $443.3M | $9.6M |
| 总债务越低越好 | — | $164.8M |
| 股东权益账面价值 | $349.6M | $-90.1M |
| 总资产 | $1.1B | $241.2M |
| 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PLSPWR
| Q4 25 | $443.3M | $9.6M | ||
| Q3 25 | $181.1M | $5.1M | ||
| Q2 25 | $133.5M | $11.1M | ||
| Q1 25 | $118.0M | $10.6M | ||
| Q4 24 | $139.0M | $13.4M | ||
| Q3 24 | $148.3M | — | ||
| Q2 24 | $107.4M | — | ||
| Q1 24 | $83.9M | — |
总债务PLSPWR
| Q4 25 | — | $164.8M | ||
| Q3 25 | — | $204.3M | ||
| Q2 25 | — | $152.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PLSPWR
| Q4 25 | $349.6M | $-90.1M | ||
| Q3 25 | $435.7M | $-112.3M | ||
| Q2 25 | $444.8M | $-107.2M | ||
| Q1 25 | $441.3M | $-89.0M | ||
| Q4 24 | $464.6M | $-97.5M | ||
| Q3 24 | $473.2M | — | ||
| Q2 24 | $500.3M | — | ||
| Q1 24 | $518.0M | — |
总资产PLSPWR
| Q4 25 | $1.1B | $241.2M | ||
| Q3 25 | $696.4M | $208.3M | ||
| Q2 25 | $658.4M | $163.1M | ||
| Q1 25 | $633.8M | $147.8M | ||
| Q4 24 | $630.8M | $144.5M | ||
| Q3 24 | $658.4M | — | ||
| Q2 24 | $674.6M | — | ||
| Q1 24 | $702.0M | — |
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 | $28.6M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $1.9M | — |
| 自由现金流率自由现金流/营收 | 2.3% | — |
| 资本支出强度资本支出/营收 | 32.9% | — |
| 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 | $40.7M | — |
8季度趋势，按日历期对齐
经营现金流PLSPWR
| Q4 25 | $28.6M | $-1.9M | ||
| Q3 25 | $67.8M | $-6.4M | ||
| Q2 25 | $17.3M | $-4.4M | ||
| Q1 25 | $-6.3M | $-2.6M | ||
| Q4 24 | $4.1M | $-25.6M | ||
| Q3 24 | $-7.9M | — | ||
| Q2 24 | $-4.3M | — | ||
| Q1 24 | $-6.8M | — |
自由现金流PLSPWR
| Q4 25 | $1.9M | — | ||
| Q3 25 | $47.5M | — | ||
| Q2 25 | $9.2M | — | ||
| Q1 25 | $-17.9M | — | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $-23.0M | — | ||
| Q2 24 | $-14.2M | — | ||
| Q1 24 | $-15.7M | — |
自由现金流率PLSPWR
| Q4 25 | 2.3% | — | ||
| Q3 25 | 64.7% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | -29.1% | — | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -37.6% | — | ||
| Q2 24 | -23.6% | — | ||
| Q1 24 | -26.7% | — |
资本支出强度PLSPWR
| Q4 25 | 32.9% | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 18.9% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 24.8% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 15.1% | — |
现金转化率PLSPWR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | -0.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
