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Planet Labs PBC（PL）与System1, Inc.（SST）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System1, Inc.的1.6倍（$81.3M vs $51.9M），System1, Inc.净利率更高（-26.0% vs -72.8%，领先46.9%），Planet Labs PBC同比增速更快（32.6% vs -31.3%），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
PL vs SST — 直观对比
营收规模更大
PL
是对方的1.6倍
$51.9M
营收增速更快
PL
高出63.9%
-31.3%
净利率更高
SST
高出46.9%
-72.8%
两年增速更快
PL
近两年复合增速
-21.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $51.9M |
| 净利润 | $-59.2M | $-13.5M |
| 毛利率 | 57.3% | 41.0% |
| 营业利润率 | -22.6% | -33.6% |
| 净利率 | -72.8% | -26.0% |
| 营收同比 | 32.6% | -31.3% |
| 净利润同比 | -194.7% | 4.8% |
| 每股收益（稀释后） | $-0.19 | $-3.58 |
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PLSST
| Q4 25 | $81.3M | $51.9M | ||
| Q3 25 | $73.4M | $61.6M | ||
| Q2 25 | $66.3M | $78.1M | ||
| Q1 25 | $61.6M | $74.5M | ||
| Q4 24 | $61.3M | $75.6M | ||
| Q3 24 | $61.1M | $88.8M | ||
| Q2 24 | $60.4M | $94.6M | ||
| Q1 24 | $58.9M | $84.9M |
净利润PLSST
| Q4 25 | $-59.2M | $-13.5M | ||
| Q3 25 | $-22.6M | $-18.5M | ||
| Q2 25 | $-12.6M | $-17.5M | ||
| Q1 25 | $-35.2M | $-15.9M | ||
| Q4 24 | $-20.1M | $-14.2M | ||
| Q3 24 | $-38.7M | $-23.6M | ||
| Q2 24 | $-29.3M | $-26.4M | ||
| Q1 24 | $-30.1M | $-10.5M |
毛利率PLSST
| Q4 25 | 57.3% | 41.0% | ||
| Q3 25 | 57.6% | 36.9% | ||
| Q2 25 | 55.2% | 35.7% | ||
| Q1 25 | 62.1% | 38.2% | ||
| Q4 24 | 61.2% | 42.1% | ||
| Q3 24 | 52.9% | 28.0% | ||
| Q2 24 | 52.4% | 27.6% | ||
| Q1 24 | 55.2% | 21.9% |
营业利润率PLSST
| Q4 25 | -22.6% | -33.6% | ||
| Q3 25 | -24.5% | -25.3% | ||
| Q2 25 | -34.4% | -20.4% | ||
| Q1 25 | -31.5% | -17.6% | ||
| Q4 24 | -36.9% | -15.7% | ||
| Q3 24 | -64.8% | -24.6% | ||
| Q2 24 | -57.2% | -30.8% | ||
| Q1 24 | -57.6% | -30.4% |
净利率PLSST
| Q4 25 | -72.8% | -26.0% | ||
| Q3 25 | -30.8% | -30.1% | ||
| Q2 25 | -19.1% | -22.4% | ||
| Q1 25 | -57.1% | -21.3% | ||
| Q4 24 | -32.8% | -18.7% | ||
| Q3 24 | -63.3% | -26.6% | ||
| Q2 24 | -48.5% | -27.9% | ||
| Q1 24 | -51.1% | -12.4% |
每股收益（稀释后）PLSST
| Q4 25 | $-0.19 | $-3.58 | ||
| Q3 25 | $-0.07 | $-2.30 | ||
| Q2 25 | $-0.04 | $-2.23 | ||
| Q1 25 | $-0.12 | $-0.21 | ||
| Q4 24 | $-0.07 | $-3.41 | ||
| Q3 24 | $-0.13 | $-3.37 | ||
| Q2 24 | $-0.10 | $-3.80 | ||
| Q1 24 | $-0.10 | $-0.16 |
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 | $86.9M |
| 总债务越低越好 | — | $305.1M |
| 股东权益账面价值 | $349.6M | $30.5M |
| 总资产 | $1.1B | $405.0M |
| 负债/权益比越低杠杆越低 | — | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资PLSST
| Q4 25 | $443.3M | $86.9M | ||
| Q3 25 | $181.1M | $54.6M | ||
| Q2 25 | $133.5M | $63.6M | ||
| Q1 25 | $118.0M | $43.9M | ||
| Q4 24 | $139.0M | $63.6M | ||
| Q3 24 | $148.3M | $69.1M | ||
| Q2 24 | $107.4M | $75.7M | ||
| Q1 24 | $83.9M | $69.9M |
总债务PLSST
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益PLSST
| Q4 25 | $349.6M | $30.5M | ||
| Q3 25 | $435.7M | $42.7M | ||
| Q2 25 | $444.8M | $58.2M | ||
| Q1 25 | $441.3M | $67.2M | ||
| Q4 24 | $464.6M | $80.3M | ||
| Q3 24 | $473.2M | $90.3M | ||
| Q2 24 | $500.3M | $109.4M | ||
| Q1 24 | $518.0M | $131.7M |
总资产PLSST
| Q4 25 | $1.1B | $405.0M | ||
| Q3 25 | $696.4M | $385.2M | ||
| Q2 25 | $658.4M | $429.2M | ||
| Q1 25 | $633.8M | $419.2M | ||
| Q4 24 | $630.8M | $459.1M | ||
| Q3 24 | $658.4M | $479.3M | ||
| Q2 24 | $674.6M | $511.3M | ||
| Q1 24 | $702.0M | $521.1M |
负债/权益比PLSST
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-10.6M |
| 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% | 0.0% |
| 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PLSST
| Q4 25 | $28.6M | $-10.6M | ||
| Q3 25 | $67.8M | $-2.1M | ||
| Q2 25 | $17.3M | $24.5M | ||
| Q1 25 | $-6.3M | $-15.9M | ||
| Q4 24 | $4.1M | $772.0K | ||
| Q3 24 | $-7.9M | $-5.0K | ||
| Q2 24 | $-4.3M | $10.0M | ||
| Q1 24 | $-6.8M | $-16.0M |
自由现金流PLSST
| Q4 25 | $1.9M | — | ||
| Q3 25 | $47.5M | — | ||
| Q2 25 | $9.2M | — | ||
| Q1 25 | $-17.9M | $-16.0M | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $-23.0M | $-36.0K | ||
| Q2 24 | $-14.2M | — | ||
| Q1 24 | $-15.7M | — |
自由现金流率PLSST
| Q4 25 | 2.3% | — | ||
| Q3 25 | 64.7% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | -29.1% | -21.5% | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -37.6% | -0.0% | ||
| Q2 24 | -23.6% | — | ||
| Q1 24 | -26.7% | — |
资本支出强度PLSST
| Q4 25 | 32.9% | 0.0% | ||
| Q3 25 | 27.6% | 0.0% | ||
| Q2 25 | 12.3% | 0.0% | ||
| Q1 25 | 18.9% | 0.1% | ||
| Q4 24 | 12.5% | 0.0% | ||
| Q3 24 | 24.8% | 0.0% | ||
| Q2 24 | 16.4% | 0.0% | ||
| Q1 24 | 15.1% | 0.0% |
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% |
SST
暂无分部数据
