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Planet Labs PBC（PL）与TELOS CORP（TLS）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TELOS CORP的1.7倍（$81.3M vs $46.8M），TELOS CORP净利率更高（-34.9% vs -72.8%，领先38.0%），TELOS CORP同比增速更快（77.4% vs 32.6%），TELOS CORP自由现金流更多（$8.0M vs $1.9M），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
PL vs TLS — 直观对比
营收规模更大
PL
是对方的1.7倍
$46.8M
营收增速更快
TLS
高出44.7%
32.6%
净利率更高
TLS
高出38.0%
-72.8%
自由现金流更多
TLS
多$6.1M
$1.9M
两年增速更快
TLS
近两年复合增速
17.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $46.8M |
| 净利润 | $-59.2M | $-16.3M |
| 毛利率 | 57.3% | 35.0% |
| 营业利润率 | -22.6% | -39.6% |
| 净利率 | -72.8% | -34.9% |
| 营收同比 | 32.6% | 77.4% |
| 净利润同比 | -194.7% | -74.8% |
| 每股收益（稀释后） | $-0.19 | $-0.22 |
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PLTLS
| Q4 25 | $81.3M | $46.8M | ||
| Q3 25 | $73.4M | $51.4M | ||
| Q2 25 | $66.3M | $36.0M | ||
| Q1 25 | $61.6M | $30.6M | ||
| Q4 24 | $61.3M | $26.4M | ||
| Q3 24 | $61.1M | $23.8M | ||
| Q2 24 | $60.4M | $28.5M | ||
| Q1 24 | $58.9M | $29.6M |
净利润PLTLS
| Q4 25 | $-59.2M | $-16.3M | ||
| Q3 25 | $-22.6M | $-2.1M | ||
| Q2 25 | $-12.6M | $-9.5M | ||
| Q1 25 | $-35.2M | $-8.6M | ||
| Q4 24 | $-20.1M | $-9.3M | ||
| Q3 24 | $-38.7M | $-28.1M | ||
| Q2 24 | $-29.3M | $-7.8M | ||
| Q1 24 | $-30.1M | $-7.4M |
毛利率PLTLS
| Q4 25 | 57.3% | 35.0% | ||
| Q3 25 | 57.6% | 39.9% | ||
| Q2 25 | 55.2% | 33.2% | ||
| Q1 25 | 62.1% | 39.8% | ||
| Q4 24 | 61.2% | 40.3% | ||
| Q3 24 | 52.9% | 13.2% | ||
| Q2 24 | 52.4% | 34.1% | ||
| Q1 24 | 55.2% | 37.0% |
营业利润率PLTLS
| Q4 25 | -22.6% | -39.6% | ||
| Q3 25 | -24.5% | -4.8% | ||
| Q2 25 | -34.4% | -27.5% | ||
| Q1 25 | -31.5% | -29.5% | ||
| Q4 24 | -36.9% | -37.6% | ||
| Q3 24 | -64.8% | -121.4% | ||
| Q2 24 | -57.2% | -30.3% | ||
| Q1 24 | -57.6% | -28.5% |
净利率PLTLS
| Q4 25 | -72.8% | -34.9% | ||
| Q3 25 | -30.8% | -4.1% | ||
| Q2 25 | -19.1% | -26.5% | ||
| Q1 25 | -57.1% | -28.1% | ||
| Q4 24 | -32.8% | -35.4% | ||
| Q3 24 | -63.3% | -118.0% | ||
| Q2 24 | -48.5% | -27.2% | ||
| Q1 24 | -51.1% | -24.9% |
每股收益（稀释后）PLTLS
| Q4 25 | $-0.19 | $-0.22 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.04 | $-0.13 | ||
| Q1 25 | $-0.12 | $-0.12 | ||
| Q4 24 | $-0.07 | $-0.13 | ||
| Q3 24 | $-0.13 | $-0.39 | ||
| Q2 24 | $-0.10 | $-0.11 | ||
| Q1 24 | $-0.10 | $-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 | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $349.6M | $96.0M |
| 总资产 | $1.1B | $139.9M |
| 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PLTLS
| Q4 25 | $443.3M | $53.2M | ||
| Q3 25 | $181.1M | $59.0M | ||
| Q2 25 | $133.5M | $57.0M | ||
| Q1 25 | $118.0M | $57.8M | ||
| Q4 24 | $139.0M | $54.6M | ||
| Q3 24 | $148.3M | $69.8M | ||
| Q2 24 | $107.4M | $80.1M | ||
| Q1 24 | $83.9M | $93.9M |
股东权益PLTLS
| Q4 25 | $349.6M | $96.0M | ||
| Q3 25 | $435.7M | $119.7M | ||
| Q2 25 | $444.8M | $118.4M | ||
| Q1 25 | $441.3M | $126.1M | ||
| Q4 24 | $464.6M | $127.1M | ||
| Q3 24 | $473.2M | $129.5M | ||
| Q2 24 | $500.3M | $149.1M | ||
| Q1 24 | $518.0M | $154.4M |
总资产PLTLS
| Q4 25 | $1.1B | $139.9M | ||
| Q3 25 | $696.4M | $164.3M | ||
| Q2 25 | $658.4M | $165.0M | ||
| Q1 25 | $633.8M | $158.1M | ||
| Q4 24 | $630.8M | $158.2M | ||
| Q3 24 | $658.4M | $166.3M | ||
| Q2 24 | $674.6M | $182.4M | ||
| Q1 24 | $702.0M | $195.4M |
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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $1.9M | $8.0M |
| 自由现金流率自由现金流/营收 | 2.3% | 17.0% |
| 资本支出强度资本支出/营收 | 32.9% | 0.1% |
| 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 | $29.4M |
8季度趋势，按日历期对齐
经营现金流PLTLS
| Q4 25 | $28.6M | $8.0M | ||
| Q3 25 | $67.8M | $9.1M | ||
| Q2 25 | $17.3M | $7.0M | ||
| Q1 25 | $-6.3M | $6.1M | ||
| Q4 24 | $4.1M | $-10.5M | ||
| Q3 24 | $-7.9M | $-7.1M | ||
| Q2 24 | $-4.3M | $-8.0M | ||
| Q1 24 | $-6.8M | $-350.0K |
自由现金流PLTLS
| Q4 25 | $1.9M | $8.0M | ||
| Q3 25 | $47.5M | $8.7M | ||
| Q2 25 | $9.2M | $6.8M | ||
| Q1 25 | $-17.9M | $6.0M | ||
| Q4 24 | $-3.6M | $-12.4M | ||
| Q3 24 | $-23.0M | $-7.1M | ||
| Q2 24 | $-14.2M | $-8.2M | ||
| Q1 24 | $-15.7M | $-447.0K |
自由现金流率PLTLS
| Q4 25 | 2.3% | 17.0% | ||
| Q3 25 | 64.7% | 16.9% | ||
| Q2 25 | 13.9% | 19.0% | ||
| Q1 25 | -29.1% | 19.5% | ||
| Q4 24 | -5.8% | -47.0% | ||
| Q3 24 | -37.6% | -30.0% | ||
| Q2 24 | -23.6% | -28.9% | ||
| Q1 24 | -26.7% | -1.5% |
资本支出强度PLTLS
| Q4 25 | 32.9% | 0.1% | ||
| Q3 25 | 27.6% | 0.9% | ||
| Q2 25 | 12.3% | 0.4% | ||
| Q1 25 | 18.9% | 0.4% | ||
| Q4 24 | 12.5% | 7.1% | ||
| Q3 24 | 24.8% | 0.2% | ||
| Q2 24 | 16.4% | 0.8% | ||
| Q1 24 | 15.1% | 0.3% |
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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
