vs
PREFORMED LINE PRODUCTS CO（PLPC）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是PREFORMED LINE PRODUCTS CO的1.3倍（$225.2M vs $173.1M），PREFORMED LINE PRODUCTS CO净利率更高（4.9% vs -375.6%，领先380.5%），PLUG POWER INC同比增速更快（17.6% vs 3.6%），PREFORMED LINE PRODUCTS CO自由现金流更多（$11.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 10.8%）
预成型线路产品公司（PLPC）研发、生产和销售适用于输配电、通信及可再生能源基建领域的工程硬件组件，服务全球多地的公用事业、网络运营商及工业客户，提供可提升网络可靠性与运营效率的解决方案。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
PLPC vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.3倍
$173.1M
营收增速更快
PLUG
高出14.0%
3.6%
净利率更高
PLPC
高出380.5%
-375.6%
自由现金流更多
PLPC
多$164.8M
$-153.0M
两年增速更快
PLUG
近两年复合增速
10.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $225.2M |
| 净利润 | $8.4M | $-846.0M |
| 毛利率 | 29.8% | 2.4% |
| 营业利润率 | 6.8% | -338.9% |
| 净利率 | 4.9% | -375.6% |
| 营收同比 | 3.6% | 17.6% |
| 净利润同比 | -19.3% | 36.7% |
| 每股收益（稀释后） | $1.72 | $-0.70 |
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PLPCPLUG
| Q4 25 | $173.1M | $225.2M | ||
| Q3 25 | $178.1M | $177.1M | ||
| Q2 25 | $169.6M | $174.0M | ||
| Q1 25 | $148.5M | $133.7M | ||
| Q4 24 | $167.1M | $191.5M | ||
| Q3 24 | $147.0M | $173.7M | ||
| Q2 24 | $138.7M | $143.3M | ||
| Q1 24 | $140.9M | $120.3M |
净利润PLPCPLUG
| Q4 25 | $8.4M | $-846.0M | ||
| Q3 25 | $2.6M | $-361.9M | ||
| Q2 25 | $12.7M | $-227.1M | ||
| Q1 25 | $11.5M | $-196.7M | ||
| Q4 24 | $10.5M | $-1.3B | ||
| Q3 24 | $7.7M | $-211.2M | ||
| Q2 24 | $9.4M | $-262.3M | ||
| Q1 24 | $9.6M | $-295.8M |
毛利率PLPCPLUG
| Q4 25 | 29.8% | 2.4% | ||
| Q3 25 | 29.7% | -67.9% | ||
| Q2 25 | 32.7% | -30.7% | ||
| Q1 25 | 32.8% | -55.3% | ||
| Q4 24 | 33.3% | -122.5% | ||
| Q3 24 | 31.1% | -57.6% | ||
| Q2 24 | 31.9% | -91.6% | ||
| Q1 24 | 31.3% | -132.3% |
营业利润率PLPCPLUG
| Q4 25 | 6.8% | -338.9% | ||
| Q3 25 | 7.4% | -197.0% | ||
| Q2 25 | 10.1% | -101.7% | ||
| Q1 25 | 8.8% | -133.5% | ||
| Q4 24 | 10.5% | -678.7% | ||
| Q3 24 | 7.1% | -124.4% | ||
| Q2 24 | 8.1% | -170.7% | ||
| Q1 24 | 8.2% | -215.7% |
净利率PLPCPLUG
| Q4 25 | 4.9% | -375.6% | ||
| Q3 25 | 1.5% | -204.4% | ||
| Q2 25 | 7.5% | -130.5% | ||
| Q1 25 | 7.8% | -147.1% | ||
| Q4 24 | 6.3% | -697.5% | ||
| Q3 24 | 5.2% | -121.5% | ||
| Q2 24 | 6.8% | -183.0% | ||
| Q1 24 | 6.8% | -245.9% |
每股收益（稀释后）PLPCPLUG
| Q4 25 | $1.72 | $-0.70 | ||
| Q3 25 | $0.53 | $-0.31 | ||
| Q2 25 | $2.56 | $-0.20 | ||
| Q1 25 | $2.33 | $-0.21 | ||
| Q4 24 | $2.13 | $-1.61 | ||
| Q3 24 | $1.54 | $-0.25 | ||
| Q2 24 | $1.89 | $-0.36 | ||
| Q1 24 | $1.94 | $-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 | — | $368.5M |
| 总债务越低越好 | $38.3M | — |
| 股东权益账面价值 | $475.5M | $978.1M |
| 总资产 | $653.6M | $2.6B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资PLPCPLUG
| Q4 25 | — | $368.5M | ||
| Q3 25 | — | $165.9M | ||
| Q2 25 | — | $140.7M | ||
| Q1 25 | — | $295.8M | ||
| Q4 24 | — | $205.7M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $62.4M | ||
| Q1 24 | — | $172.9M |
总债务PLPCPLUG
| Q4 25 | $38.3M | — | ||
| Q3 25 | $36.0M | — | ||
| Q2 25 | $31.8M | — | ||
| Q1 25 | $29.1M | — | ||
| Q4 24 | $20.8M | — | ||
| Q3 24 | $27.2M | $3.9M | ||
| Q2 24 | $31.6M | $3.7M | ||
| Q1 24 | $55.0M | $3.8M |
股东权益PLPCPLUG
| Q4 25 | $475.5M | $978.1M | ||
| Q3 25 | $466.3M | $1.4B | ||
| Q2 25 | $460.7M | $1.7B | ||
| Q1 25 | $435.8M | $1.9B | ||
| Q4 24 | $422.3M | $1.7B | ||
| Q3 24 | $429.0M | $3.0B | ||
| Q2 24 | $416.2M | $3.0B | ||
| Q1 24 | $413.4M | $2.9B |
总资产PLPCPLUG
| Q4 25 | $653.6M | $2.6B | ||
| Q3 25 | $644.6M | $3.1B | ||
| Q2 25 | $631.5M | $3.4B | ||
| Q1 25 | $592.5M | $3.6B | ||
| Q4 24 | $573.9M | $3.6B | ||
| Q3 24 | $592.0M | $4.7B | ||
| Q2 24 | $572.6M | $4.8B | ||
| Q1 24 | $586.1M | $4.8B |
负债/权益比PLPCPLUG
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.06× | 0.00× | ||
| Q2 24 | 0.08× | 0.00× | ||
| Q1 24 | 0.13× | 0.00× |
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 | $21.9M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $11.8M | $-153.0M |
| 自由现金流率自由现金流/营收 | 6.8% | -67.9% |
| 资本支出强度资本支出/营收 | 5.9% | 1.9% |
| 现金转化率经营现金流/净利润 | 2.60× | — |
| 过去12个月自由现金流最近4个季度 | $33.3M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流PLPCPLUG
| Q4 25 | $21.9M | $-148.6M | ||
| Q3 25 | $18.9M | $-89.8M | ||
| Q2 25 | $26.9M | $-191.8M | ||
| Q1 25 | $5.7M | $-105.6M | ||
| Q4 24 | $24.1M | $-131.2M | ||
| Q3 24 | $9.4M | $-174.9M | ||
| Q2 24 | $28.3M | $-254.7M | ||
| Q1 24 | $5.8M | $-167.7M |
自由现金流PLPCPLUG
| Q4 25 | $11.8M | $-153.0M | ||
| Q3 25 | $8.3M | $-117.5M | ||
| Q2 25 | $18.6M | $-230.4M | ||
| Q1 25 | $-5.3M | $-146.0M | ||
| Q4 24 | $20.6M | $-165.2M | ||
| Q3 24 | $5.8M | $-234.2M | ||
| Q2 24 | $24.6M | $-356.0M | ||
| Q1 24 | $1.8M | $-260.3M |
自由现金流率PLPCPLUG
| Q4 25 | 6.8% | -67.9% | ||
| Q3 25 | 4.7% | -66.4% | ||
| Q2 25 | 10.9% | -132.5% | ||
| Q1 25 | -3.6% | -109.2% | ||
| Q4 24 | 12.3% | -86.3% | ||
| Q3 24 | 3.9% | -134.8% | ||
| Q2 24 | 17.7% | -248.4% | ||
| Q1 24 | 1.3% | -216.5% |
资本支出强度PLPCPLUG
| Q4 25 | 5.9% | 1.9% | ||
| Q3 25 | 6.0% | 15.6% | ||
| Q2 25 | 4.9% | 22.2% | ||
| Q1 25 | 7.4% | 30.3% | ||
| Q4 24 | 2.1% | 17.7% | ||
| Q3 24 | 2.4% | 34.1% | ||
| Q2 24 | 2.7% | 70.7% | ||
| Q1 24 | 2.8% | 77.0% |
现金转化率PLPCPLUG
| Q4 25 | 2.60× | — | ||
| Q3 25 | 7.21× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | 1.22× | — | ||
| Q2 24 | 3.02× | — | ||
| Q1 24 | 0.60× | — |
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
PLPC
暂无分部数据
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
