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Planet Labs PBC（PL）与STEM, INC.（STEM）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STEM, INC.的1.7倍（$81.3M vs $47.1M），STEM, INC.净利率更高（-33.9% vs -72.8%，领先38.9%），Planet Labs PBC同比增速更快（32.6% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
PL vs STEM — 直观对比
营收规模更大
PL
是对方的1.7倍
$47.1M
营收增速更快
PL
高出48.2%
-15.6%
净利率更高
STEM
高出38.9%
-72.8%
两年增速更快
STEM
近两年复合增速
17.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $47.1M |
| 净利润 | $-59.2M | $-16.0M |
| 毛利率 | 57.3% | 48.9% |
| 营业利润率 | -22.6% | -17.7% |
| 净利率 | -72.8% | -33.9% |
| 营收同比 | 32.6% | -15.6% |
| 净利润同比 | -194.7% | 68.8% |
| 每股收益（稀释后） | $-0.19 | $-4.40 |
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PLSTEM
| Q4 25 | $81.3M | $47.1M | ||
| Q3 25 | $73.4M | $38.2M | ||
| Q2 25 | $66.3M | $38.4M | ||
| Q1 25 | $61.6M | $32.5M | ||
| Q4 24 | $61.3M | $55.8M | ||
| Q3 24 | $61.1M | $29.3M | ||
| Q2 24 | $60.4M | $34.0M | ||
| Q1 24 | $58.9M | $25.5M |
净利润PLSTEM
| Q4 25 | $-59.2M | $-16.0M | ||
| Q3 25 | $-22.6M | $-23.8M | ||
| Q2 25 | $-12.6M | $202.5M | ||
| Q1 25 | $-35.2M | $-25.0M | ||
| Q4 24 | $-20.1M | $-51.1M | ||
| Q3 24 | $-38.7M | $-148.3M | ||
| Q2 24 | $-29.3M | $-582.3M | ||
| Q1 24 | $-30.1M | $-72.3M |
毛利率PLSTEM
| Q4 25 | 57.3% | 48.9% | ||
| Q3 25 | 57.6% | 35.5% | ||
| Q2 25 | 55.2% | 33.4% | ||
| Q1 25 | 62.1% | 32.4% | ||
| Q4 24 | 61.2% | -4.4% | ||
| Q3 24 | 52.9% | 21.2% | ||
| Q2 24 | 52.4% | 27.6% | ||
| Q1 24 | 55.2% | -95.0% |
营业利润率PLSTEM
| Q4 25 | -22.6% | -17.7% | ||
| Q3 25 | -24.5% | -33.6% | ||
| Q2 25 | -34.4% | -34.8% | ||
| Q1 25 | -31.5% | -65.0% | ||
| Q4 24 | -36.9% | -84.4% | ||
| Q3 24 | -64.8% | -493.2% | ||
| Q2 24 | -57.2% | -1705.5% | ||
| Q1 24 | -57.6% | -267.0% |
净利率PLSTEM
| Q4 25 | -72.8% | -33.9% | ||
| Q3 25 | -30.8% | -62.2% | ||
| Q2 25 | -19.1% | 527.8% | ||
| Q1 25 | -57.1% | -76.9% | ||
| Q4 24 | -32.8% | -91.6% | ||
| Q3 24 | -63.3% | -506.3% | ||
| Q2 24 | -48.5% | -1712.6% | ||
| Q1 24 | -51.1% | -283.9% |
每股收益（稀释后）PLSTEM
| Q4 25 | $-0.19 | $-4.40 | ||
| Q3 25 | $-0.07 | $-2.84 | ||
| Q2 25 | $-0.04 | $-1.79 | ||
| Q1 25 | $-0.12 | $-0.15 | ||
| Q4 24 | $-0.07 | $-15.29 | ||
| Q3 24 | $-0.13 | $-18.24 | ||
| Q2 24 | $-0.10 | $-71.81 | ||
| Q1 24 | $-0.10 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $349.6M | $-249.4M |
| 总资产 | $1.1B | $308.9M |
| 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PLSTEM
| Q4 25 | $443.3M | $48.9M | ||
| Q3 25 | $181.1M | $43.1M | ||
| Q2 25 | $133.5M | $40.8M | ||
| Q1 25 | $118.0M | $58.6M | ||
| Q4 24 | $139.0M | $56.3M | ||
| Q3 24 | $148.3M | $75.4M | ||
| Q2 24 | $107.4M | $89.6M | ||
| Q1 24 | $83.9M | $112.8M |
股东权益PLSTEM
| Q4 25 | $349.6M | $-249.4M | ||
| Q3 25 | $435.7M | $-235.7M | ||
| Q2 25 | $444.8M | $-214.1M | ||
| Q1 25 | $441.3M | $-417.5M | ||
| Q4 24 | $464.6M | $-398.4M | ||
| Q3 24 | $473.2M | $-344.1M | ||
| Q2 24 | $500.3M | $-203.2M | ||
| Q1 24 | $518.0M | $371.6M |
总资产PLSTEM
| Q4 25 | $1.1B | $308.9M | ||
| Q3 25 | $696.4M | $362.6M | ||
| Q2 25 | $658.4M | $379.2M | ||
| Q1 25 | $633.8M | $405.1M | ||
| Q4 24 | $630.8M | $437.4M | ||
| Q3 24 | $658.4M | $537.8M | ||
| Q2 24 | $674.6M | $691.5M | ||
| Q1 24 | $702.0M | $1.3B |
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 | $8.2M |
| 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PLSTEM
| Q4 25 | $28.6M | $8.2M | ||
| Q3 25 | $67.8M | $11.4M | ||
| Q2 25 | $17.3M | $-21.3M | ||
| Q1 25 | $-6.3M | $8.5M | ||
| Q4 24 | $4.1M | $-14.7M | ||
| Q3 24 | $-7.9M | $-9.4M | ||
| Q2 24 | $-4.3M | $-11.9M | ||
| Q1 24 | $-6.8M | $-621.0K |
自由现金流PLSTEM
| 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PLSTEM
| 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PLSTEM
| 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PLSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
STEM
暂无分部数据
