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Planet Labs PBC（PL）与合众银行（STBA）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是Planet Labs PBC的1.3倍（$102.1M vs $81.3M），合众银行净利率更高（34.4% vs -72.8%，领先107.2%），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs 2.6%）
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。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、注册地为特拉华州的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构。旗下核心运营主体为美国合众银行全国协会，以“U.S. Bank”品牌开展业务，提供银行、投资、抵押贷款等多元金融服务。
PL vs STBA — 直观对比
营收规模更大
STBA
是对方的1.3倍
$81.3M
净利率更高
STBA
高出107.2%
-72.8%
两年增速更快
PL
近两年复合增速
2.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $102.1M |
| 净利润 | $-59.2M | $35.1M |
| 毛利率 | 57.3% | — |
| 营业利润率 | -22.6% | — |
| 净利率 | -72.8% | 34.4% |
| 营收同比 | 32.6% | — |
| 净利润同比 | -194.7% | 5.0% |
| 每股收益（稀释后） | $-0.19 | $0.94 |
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PLSTBA
| Q1 26 | — | $102.1M | ||
| Q4 25 | $81.3M | $105.3M | ||
| Q3 25 | $73.4M | $103.0M | ||
| Q2 25 | $66.3M | $100.1M | ||
| Q1 25 | $61.6M | $93.8M | ||
| Q4 24 | $61.3M | $94.3M | ||
| Q3 24 | $61.1M | $96.4M | ||
| Q2 24 | $60.4M | $96.9M |
净利润PLSTBA
| Q1 26 | — | $35.1M | ||
| Q4 25 | $-59.2M | $34.0M | ||
| Q3 25 | $-22.6M | $35.0M | ||
| Q2 25 | $-12.6M | $31.9M | ||
| Q1 25 | $-35.2M | $33.4M | ||
| Q4 24 | $-20.1M | $33.1M | ||
| Q3 24 | $-38.7M | $32.6M | ||
| Q2 24 | $-29.3M | $34.4M |
毛利率PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | 57.3% | — | ||
| Q3 25 | 57.6% | — | ||
| Q2 25 | 55.2% | — | ||
| Q1 25 | 62.1% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 52.9% | — | ||
| Q2 24 | 52.4% | — |
营业利润率PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | -22.6% | 40.3% | ||
| Q3 25 | -24.5% | 42.6% | ||
| Q2 25 | -34.4% | 40.0% | ||
| Q1 25 | -31.5% | 44.5% | ||
| Q4 24 | -36.9% | 43.8% | ||
| Q3 24 | -64.8% | 43.0% | ||
| Q2 24 | -57.2% | 44.2% |
净利率PLSTBA
| Q1 26 | — | 34.4% | ||
| Q4 25 | -72.8% | 32.3% | ||
| Q3 25 | -30.8% | 33.9% | ||
| Q2 25 | -19.1% | 31.9% | ||
| Q1 25 | -57.1% | 35.6% | ||
| Q4 24 | -32.8% | 35.1% | ||
| Q3 24 | -63.3% | 33.8% | ||
| Q2 24 | -48.5% | 35.5% |
每股收益（稀释后）PLSTBA
| Q1 26 | — | $0.94 | ||
| Q4 25 | $-0.19 | $0.88 | ||
| Q3 25 | $-0.07 | $0.91 | ||
| Q2 25 | $-0.04 | $0.83 | ||
| Q1 25 | $-0.12 | $0.87 | ||
| Q4 24 | $-0.07 | $0.86 | ||
| Q3 24 | $-0.13 | $0.85 | ||
| Q2 24 | $-0.10 | $0.89 |
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 | — |
| 总债务越低越好 | — | $100.8M |
| 股东权益账面价值 | $349.6M | $1.4B |
| 总资产 | $1.1B | $9.9B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | $443.3M | $163.4M | ||
| Q3 25 | $181.1M | $196.2M | ||
| Q2 25 | $133.5M | $203.1M | ||
| Q1 25 | $118.0M | $211.8M | ||
| Q4 24 | $139.0M | $244.8M | ||
| Q3 24 | $148.3M | $228.1M | ||
| Q2 24 | $107.4M | $246.3M |
总债务PLSTBA
| Q1 26 | — | $100.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PLSTBA
| Q1 26 | — | $1.4B | ||
| Q4 25 | $349.6M | $1.5B | ||
| Q3 25 | $435.7M | $1.5B | ||
| Q2 25 | $444.8M | $1.4B | ||
| Q1 25 | $441.3M | $1.4B | ||
| Q4 24 | $464.6M | $1.4B | ||
| Q3 24 | $473.2M | $1.4B | ||
| Q2 24 | $500.3M | $1.3B |
总资产PLSTBA
| Q1 26 | — | $9.9B | ||
| Q4 25 | $1.1B | $9.9B | ||
| Q3 25 | $696.4M | $9.8B | ||
| Q2 25 | $658.4M | $9.8B | ||
| Q1 25 | $633.8M | $9.7B | ||
| Q4 24 | $630.8M | $9.7B | ||
| Q3 24 | $658.4M | $9.6B | ||
| Q2 24 | $674.6M | $9.6B |
负债/权益比PLSTBA
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | $28.6M | $133.6M | ||
| Q3 25 | $67.8M | $40.5M | ||
| Q2 25 | $17.3M | $28.3M | ||
| Q1 25 | $-6.3M | $28.7M | ||
| Q4 24 | $4.1M | $173.4M | ||
| Q3 24 | $-7.9M | $27.6M | ||
| Q2 24 | $-4.3M | $44.7M |
自由现金流PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $128.8M | ||
| Q3 25 | $47.5M | $39.9M | ||
| Q2 25 | $9.2M | $27.1M | ||
| Q1 25 | $-17.9M | $27.0M | ||
| Q4 24 | $-3.6M | $170.4M | ||
| Q3 24 | $-23.0M | $26.9M | ||
| Q2 24 | $-14.2M | $43.9M |
自由现金流率PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 122.4% | ||
| Q3 25 | 64.7% | 38.7% | ||
| Q2 25 | 13.9% | 27.1% | ||
| Q1 25 | -29.1% | 28.8% | ||
| Q4 24 | -5.8% | 180.7% | ||
| Q3 24 | -37.6% | 28.0% | ||
| Q2 24 | -23.6% | 45.3% |
资本支出强度PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | 32.9% | 4.5% | ||
| Q3 25 | 27.6% | 0.6% | ||
| Q2 25 | 12.3% | 1.2% | ||
| Q1 25 | 18.9% | 1.8% | ||
| Q4 24 | 12.5% | 3.1% | ||
| Q3 24 | 24.8% | 0.7% | ||
| Q2 24 | 16.4% | 0.9% |
现金转化率PLSTBA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 5.24× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.30× |
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% |
STBA
| Net Interest Income | $88.4M | 87% |
| Noninterest Income | $13.6M | 13% |
