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Planet Labs PBC（PL）与WisdomTree, Inc.（WT）财务数据对比。点击上方公司名可切换其他公司
WisdomTree, Inc.的季度营收约是Planet Labs PBC的2.0倍（$159.5M vs $81.3M），WisdomTree, Inc.净利率更高（25.5% vs -72.8%，领先98.3%），WisdomTree, Inc.同比增速更快（47.5% vs 32.6%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
PL vs WT — 直观对比
营收规模更大
WT
是对方的2.0倍
$81.3M
营收增速更快
WT
高出14.9%
32.6%
净利率更高
WT
高出98.3%
-72.8%
两年增速更快
WT
近两年复合增速
17.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $159.5M |
| 净利润 | $-59.2M | $40.6M |
| 毛利率 | 57.3% | — |
| 营业利润率 | -22.6% | 37.2% |
| 净利率 | -72.8% | 25.5% |
| 营收同比 | 32.6% | 47.5% |
| 净利润同比 | -194.7% | 76.4% |
| 每股收益（稀释后） | $-0.19 | $0.28 |
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PLWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $81.3M | $147.4M | ||
| Q3 25 | $73.4M | $125.6M | ||
| Q2 25 | $66.3M | $112.6M | ||
| Q1 25 | $61.6M | $108.1M | ||
| Q4 24 | $61.3M | $110.7M | ||
| Q3 24 | $61.1M | $113.2M | ||
| Q2 24 | $60.4M | $107.0M |
净利润PLWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $-59.2M | $40.0M | ||
| Q3 25 | $-22.6M | $19.7M | ||
| Q2 25 | $-12.6M | $24.8M | ||
| Q1 25 | $-35.2M | $24.6M | ||
| Q4 24 | $-20.1M | $27.3M | ||
| Q3 24 | $-38.7M | $-4.5M | ||
| Q2 24 | $-29.3M | $21.8M |
毛利率PLWT
| 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PLWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | -22.6% | 40.5% | ||
| Q3 25 | -24.5% | 36.3% | ||
| Q2 25 | -34.4% | 30.8% | ||
| Q1 25 | -31.5% | 31.6% | ||
| Q4 24 | -36.9% | 31.7% | ||
| Q3 24 | -64.8% | 36.0% | ||
| Q2 24 | -57.2% | 31.3% |
净利率PLWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | -72.8% | 27.1% | ||
| Q3 25 | -30.8% | 15.7% | ||
| Q2 25 | -19.1% | 22.0% | ||
| Q1 25 | -57.1% | 22.8% | ||
| Q4 24 | -32.8% | 24.7% | ||
| Q3 24 | -63.3% | -4.0% | ||
| Q2 24 | -48.5% | 20.3% |
每股收益（稀释后）PLWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.19 | $0.28 | ||
| Q3 25 | $-0.07 | $0.13 | ||
| Q2 25 | $-0.04 | $0.17 | ||
| Q1 25 | $-0.12 | $0.17 | ||
| Q4 24 | $-0.07 | $0.20 | ||
| Q3 24 | $-0.13 | $-0.13 | ||
| Q2 24 | $-0.10 | $0.13 |
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 | — | — |
| 股东权益账面价值 | $349.6M | — |
| 总资产 | $1.1B | $1.8B |
| 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PLWT
| Q1 26 | — | — | ||
| Q4 25 | $443.3M | — | ||
| Q3 25 | $181.1M | — | ||
| Q2 25 | $133.5M | — | ||
| Q1 25 | $118.0M | — | ||
| Q4 24 | $139.0M | — | ||
| Q3 24 | $148.3M | — | ||
| Q2 24 | $107.4M | $132.5M |
股东权益PLWT
| Q1 26 | — | — | ||
| Q4 25 | $349.6M | $413.7M | ||
| Q3 25 | $435.7M | $373.4M | ||
| Q2 25 | $444.8M | $445.1M | ||
| Q1 25 | $441.3M | $415.6M | ||
| Q4 24 | $464.6M | $400.0M | ||
| Q3 24 | $473.2M | $374.9M | ||
| Q2 24 | $500.3M | $445.6M |
总资产PLWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $696.4M | $1.4B | ||
| Q2 25 | $658.4M | $1.1B | ||
| Q1 25 | $633.8M | $1.0B | ||
| Q4 24 | $630.8M | $1.0B | ||
| Q3 24 | $658.4M | $1.0B | ||
| Q2 24 | $674.6M | $964.1M |
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 | $18.0M |
| 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 | — | 0.44× |
| 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PLWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $28.6M | $147.9M | ||
| Q3 25 | $67.8M | $48.1M | ||
| Q2 25 | $17.3M | $38.8M | ||
| Q1 25 | $-6.3M | $6.4M | ||
| Q4 24 | $4.1M | $113.5M | ||
| Q3 24 | $-7.9M | $47.7M | ||
| Q2 24 | $-4.3M | $32.2M |
自由现金流PLWT
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $147.7M | ||
| Q3 25 | $47.5M | $48.0M | ||
| Q2 25 | $9.2M | $38.7M | ||
| Q1 25 | $-17.9M | $6.3M | ||
| Q4 24 | $-3.6M | $113.3M | ||
| Q3 24 | $-23.0M | $47.7M | ||
| Q2 24 | $-14.2M | $32.2M |
自由现金流率PLWT
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 100.2% | ||
| Q3 25 | 64.7% | 38.2% | ||
| Q2 25 | 13.9% | 34.4% | ||
| Q1 25 | -29.1% | 5.9% | ||
| Q4 24 | -5.8% | 102.4% | ||
| Q3 24 | -37.6% | 42.1% | ||
| Q2 24 | -23.6% | 30.1% |
资本支出强度PLWT
| Q1 26 | — | — | ||
| Q4 25 | 32.9% | 0.1% | ||
| Q3 25 | 27.6% | 0.0% | ||
| Q2 25 | 12.3% | 0.1% | ||
| Q1 25 | 18.9% | 0.0% | ||
| Q4 24 | 12.5% | 0.1% | ||
| Q3 24 | 24.8% | 0.0% | ||
| Q2 24 | 16.4% | 0.0% |
现金转化率PLWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 3.70× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 4.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
