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帕兰提尔科技（PLTR）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是帕兰提尔科技的1.0倍（$1.5B vs $1.4B），帕兰提尔科技净利率更高（43.3% vs 4.7%，领先38.5%），帕兰提尔科技同比增速更快（70.0% vs 10.6%），帕兰提尔科技自由现金流更多（$764.0M vs $327.0M），过去两年帕兰提尔科技的营收复合增速更高（48.9% vs 12.0%）
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
PLTR vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的1.0倍
$1.4B
营收增速更快
PLTR
高出59.4%
10.6%
净利率更高
PLTR
高出38.5%
4.7%
自由现金流更多
PLTR
多$437.0M
$327.0M
两年增速更快
PLTR
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $608.7M | $70.0M |
| 毛利率 | 84.6% | 47.3% |
| 营业利润率 | 40.9% | 9.4% |
| 净利率 | 43.3% | 4.7% |
| 营收同比 | 70.0% | 10.6% |
| 净利润同比 | 670.4% | -57.1% |
| 每股收益（稀释后） | $0.24 | $1.40 |
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PLTRZBRA
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $883.9M | $1.3B | ||
| Q4 24 | $827.5M | $1.3B | ||
| Q3 24 | $725.5M | $1.3B | ||
| Q2 24 | $678.1M | $1.2B | ||
| Q1 24 | $634.3M | $1.2B |
净利润PLTRZBRA
| Q4 25 | $608.7M | $70.0M | ||
| Q3 25 | $475.6M | $101.0M | ||
| Q2 25 | $326.7M | $112.0M | ||
| Q1 25 | $214.0M | $136.0M | ||
| Q4 24 | $79.0M | $163.0M | ||
| Q3 24 | $143.5M | $137.0M | ||
| Q2 24 | $134.1M | $113.0M | ||
| Q1 24 | $105.5M | $115.0M |
毛利率PLTRZBRA
| Q4 25 | 84.6% | 47.3% | ||
| Q3 25 | 82.4% | 48.0% | ||
| Q2 25 | 80.8% | 47.6% | ||
| Q1 25 | 80.4% | 49.3% | ||
| Q4 24 | 78.9% | 48.6% | ||
| Q3 24 | 79.8% | 48.8% | ||
| Q2 24 | 81.0% | 48.4% | ||
| Q1 24 | 81.7% | 47.9% |
营业利润率PLTRZBRA
| Q4 25 | 40.9% | 9.4% | ||
| Q3 25 | 33.3% | 13.9% | ||
| Q2 25 | 26.8% | 14.2% | ||
| Q1 25 | 19.9% | 14.9% | ||
| Q4 24 | 1.3% | 16.9% | ||
| Q3 24 | 15.6% | 15.2% | ||
| Q2 24 | 15.5% | 13.7% | ||
| Q1 24 | 12.8% | 13.5% |
净利率PLTRZBRA
| Q4 25 | 43.3% | 4.7% | ||
| Q3 25 | 40.3% | 7.7% | ||
| Q2 25 | 32.6% | 8.7% | ||
| Q1 25 | 24.2% | 10.4% | ||
| Q4 24 | 9.5% | 12.2% | ||
| Q3 24 | 19.8% | 10.9% | ||
| Q2 24 | 19.8% | 9.3% | ||
| Q1 24 | 16.6% | 9.8% |
每股收益（稀释后）PLTRZBRA
| Q4 25 | $0.24 | $1.40 | ||
| Q3 25 | $0.18 | $1.97 | ||
| Q2 25 | $0.13 | $2.19 | ||
| Q1 25 | $0.08 | $2.62 | ||
| Q4 24 | $0.03 | $3.14 | ||
| Q3 24 | $0.06 | $2.64 | ||
| Q2 24 | $0.06 | $2.17 | ||
| Q1 24 | $0.04 | $2.23 |
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 | $7.2B | $125.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.4B | $3.6B |
| 总资产 | $8.9B | $8.5B |
| 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PLTRZBRA
| Q4 25 | $7.2B | $125.0M | ||
| Q3 25 | $6.4B | $1.1B | ||
| Q2 25 | $6.0B | $872.0M | ||
| Q1 25 | $5.4B | $879.0M | ||
| Q4 24 | $5.2B | $901.0M | ||
| Q3 24 | $4.6B | $676.0M | ||
| Q2 24 | $4.0B | $411.0M | ||
| Q1 24 | $3.9B | $127.0M |
总债务PLTRZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益PLTRZBRA
| Q4 25 | $7.4B | $3.6B | ||
| Q3 25 | $6.6B | $3.7B | ||
| Q2 25 | $5.9B | $3.6B | ||
| Q1 25 | $5.4B | $3.6B | ||
| Q4 24 | $5.0B | $3.6B | ||
| Q3 24 | $4.5B | $3.4B | ||
| Q2 24 | $4.1B | $3.3B | ||
| Q1 24 | $3.8B | $3.2B |
总资产PLTRZBRA
| Q4 25 | $8.9B | $8.5B | ||
| Q3 25 | $8.1B | $8.1B | ||
| Q2 25 | $7.4B | $7.9B | ||
| Q1 25 | $6.7B | $7.9B | ||
| Q4 24 | $6.3B | $8.0B | ||
| Q3 24 | $5.8B | $7.7B | ||
| Q2 24 | $5.2B | $7.5B | ||
| Q1 24 | $4.8B | $7.3B |
负债/权益比PLTRZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.66× |
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 | $777.3M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $764.0M | $327.0M |
| 自由现金流率自由现金流/营收 | 54.3% | 22.2% |
| 资本支出强度资本支出/营收 | 0.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.28× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $831.0M |
8季度趋势，按日历期对齐
经营现金流PLTRZBRA
| Q4 25 | $777.3M | $357.0M | ||
| Q3 25 | $507.7M | $235.0M | ||
| Q2 25 | $539.3M | $147.0M | ||
| Q1 25 | $310.3M | $178.0M | ||
| Q4 24 | $460.3M | $306.0M | ||
| Q3 24 | $419.8M | $294.0M | ||
| Q2 24 | $144.2M | $288.0M | ||
| Q1 24 | $129.6M | $125.0M |
自由现金流PLTRZBRA
| Q4 25 | $764.0M | $327.0M | ||
| Q3 25 | $500.9M | $216.0M | ||
| Q2 25 | $531.6M | $130.0M | ||
| Q1 25 | $304.1M | $158.0M | ||
| Q4 24 | $457.2M | $288.0M | ||
| Q3 24 | $415.8M | $277.0M | ||
| Q2 24 | $141.3M | $278.0M | ||
| Q1 24 | $126.9M | $111.0M |
自由现金流率PLTRZBRA
| Q4 25 | 54.3% | 22.2% | ||
| Q3 25 | 42.4% | 16.4% | ||
| Q2 25 | 53.0% | 10.1% | ||
| Q1 25 | 34.4% | 12.1% | ||
| Q4 24 | 55.3% | 21.6% | ||
| Q3 24 | 57.3% | 22.1% | ||
| Q2 24 | 20.8% | 22.8% | ||
| Q1 24 | 20.0% | 9.4% |
资本支出强度PLTRZBRA
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.8% | 1.3% | ||
| Q1 25 | 0.7% | 1.5% | ||
| Q4 24 | 0.4% | 1.3% | ||
| Q3 24 | 0.5% | 1.4% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率PLTRZBRA
| Q4 25 | 1.28× | 5.10× | ||
| Q3 25 | 1.07× | 2.33× | ||
| Q2 25 | 1.65× | 1.31× | ||
| Q1 25 | 1.45× | 1.31× | ||
| Q4 24 | 5.83× | 1.88× | ||
| Q3 24 | 2.92× | 2.15× | ||
| Q2 24 | 1.08× | 2.55× | ||
| Q1 24 | 1.23× | 1.09× |
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
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
