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PLUG POWER INC（PLUG）与PERDOCEO EDUCATION Corp（PRDO）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PERDOCEO EDUCATION Corp的1.1倍（$225.2M vs $211.6M），PERDOCEO EDUCATION Corp同比增速更快（20.0% vs 17.6%），PERDOCEO EDUCATION Corp自由现金流更多（$37.9M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 12.2%）
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。
Perdoceo Education是美国上市营利性教育集团，前身为职业教育公司（Career Education Corporation），旗下运营五所美国营利性大学，包括美国洲际大学、科罗拉多理工大学、南加利福尼亚大学、三叉戟国际大学及圣奥古斯丁健康科学大学，业务覆盖高等教育、职业教育及健康科学相关教育领域。
PLUG vs PRDO — 直观对比
营收规模更大
PLUG
是对方的1.1倍
$211.6M
营收增速更快
PRDO
高出2.3%
17.6%
自由现金流更多
PRDO
多$190.9M
$-153.0M
两年增速更快
PLUG
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $211.6M |
| 净利润 | $-846.0M | — |
| 毛利率 | 2.4% | — |
| 营业利润率 | -338.9% | 19.8% |
| 净利率 | -375.6% | — |
| 营收同比 | 17.6% | 20.0% |
| 净利润同比 | 36.7% | — |
| 每股收益（稀释后） | $-0.70 | $0.55 |
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PLUGPRDO
| Q4 25 | $225.2M | $211.6M | ||
| Q3 25 | $177.1M | $211.9M | ||
| Q2 25 | $174.0M | $209.6M | ||
| Q1 25 | $133.7M | $213.0M | ||
| Q4 24 | $191.5M | $176.4M | ||
| Q3 24 | $173.7M | $169.8M | ||
| Q2 24 | $143.3M | $166.7M | ||
| Q1 24 | $120.3M | $168.3M |
净利润PLUGPRDO
| Q4 25 | $-846.0M | — | ||
| Q3 25 | $-361.9M | $39.9M | ||
| Q2 25 | $-227.1M | $41.0M | ||
| Q1 25 | $-196.7M | $43.7M | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | $-211.2M | $38.3M | ||
| Q2 24 | $-262.3M | $38.4M | ||
| Q1 24 | $-295.8M | $39.4M |
毛利率PLUGPRDO
| Q4 25 | 2.4% | — | ||
| Q3 25 | -67.9% | — | ||
| Q2 25 | -30.7% | — | ||
| Q1 25 | -55.3% | — | ||
| Q4 24 | -122.5% | — | ||
| Q3 24 | -57.6% | — | ||
| Q2 24 | -91.6% | — | ||
| Q1 24 | -132.3% | — |
营业利润率PLUGPRDO
| Q4 25 | -338.9% | 19.8% | ||
| Q3 25 | -197.0% | 24.1% | ||
| Q2 25 | -101.7% | 24.5% | ||
| Q1 25 | -133.5% | 24.3% | ||
| Q4 24 | -678.7% | 21.1% | ||
| Q3 24 | -124.4% | 26.4% | ||
| Q2 24 | -170.7% | 27.6% | ||
| Q1 24 | -215.7% | 27.5% |
净利率PLUGPRDO
| Q4 25 | -375.6% | — | ||
| Q3 25 | -204.4% | 18.8% | ||
| Q2 25 | -130.5% | 19.6% | ||
| Q1 25 | -147.1% | 20.5% | ||
| Q4 24 | -697.5% | — | ||
| Q3 24 | -121.5% | 22.5% | ||
| Q2 24 | -183.0% | 23.0% | ||
| Q1 24 | -245.9% | 23.4% |
每股收益（稀释后）PLUGPRDO
| Q4 25 | $-0.70 | $0.55 | ||
| Q3 25 | $-0.31 | $0.60 | ||
| Q2 25 | $-0.20 | $0.62 | ||
| Q1 25 | $-0.21 | $0.65 | ||
| Q4 24 | $-1.61 | $0.46 | ||
| Q3 24 | $-0.25 | $0.57 | ||
| Q2 24 | $-0.36 | $0.57 | ||
| Q1 24 | $-0.46 | $0.59 |
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 | $111.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $978.1M | $972.4M |
| 总资产 | $2.6B | $1.2B |
| 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PLUGPRDO
| Q4 25 | $368.5M | $111.0M | ||
| Q3 25 | $165.9M | $159.5M | ||
| Q2 25 | $140.7M | $172.1M | ||
| Q1 25 | $295.8M | $132.1M | ||
| Q4 24 | $205.7M | $109.1M | ||
| Q3 24 | $93.9M | $238.0M | ||
| Q2 24 | $62.4M | $127.9M | ||
| Q1 24 | $172.9M | $125.8M |
总债务PLUGPRDO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.9M | — | ||
| Q2 24 | $3.7M | — | ||
| Q1 24 | $3.8M | — |
股东权益PLUGPRDO
| Q4 25 | $978.1M | $972.4M | ||
| Q3 25 | $1.4B | $997.9M | ||
| Q2 25 | $1.7B | $984.6M | ||
| Q1 25 | $1.9B | $970.3M | ||
| Q4 24 | $1.7B | $959.5M | ||
| Q3 24 | $3.0B | $935.4M | ||
| Q2 24 | $3.0B | $899.5M | ||
| Q1 24 | $2.9B | $866.1M |
总资产PLUGPRDO
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.4B | $1.3B | ||
| Q1 25 | $3.6B | $1.3B | ||
| Q4 24 | $3.6B | $1.2B | ||
| Q3 24 | $4.7B | $1.1B | ||
| Q2 24 | $4.8B | $1.1B | ||
| Q1 24 | $4.8B | $1.1B |
负债/权益比PLUGPRDO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 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 | $-148.6M | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $37.9M |
| 自由现金流率自由现金流/营收 | -67.9% | 17.9% |
| 资本支出强度资本支出/营收 | 1.9% | 1.1% |
| 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 | $-647.0M | $216.7M |
8季度趋势，按日历期对齐
经营现金流PLUGPRDO
| Q4 25 | $-148.6M | $40.1M | ||
| Q3 25 | $-89.8M | $41.2M | ||
| Q2 25 | $-191.8M | $78.8M | ||
| Q1 25 | $-105.6M | $65.1M | ||
| Q4 24 | $-131.2M | $17.6M | ||
| Q3 24 | $-174.9M | $51.0M | ||
| Q2 24 | $-254.7M | $38.5M | ||
| Q1 24 | $-167.7M | $54.5M |
自由现金流PLUGPRDO
| Q4 25 | $-153.0M | $37.9M | ||
| Q3 25 | $-117.5M | $39.4M | ||
| Q2 25 | $-230.4M | $76.0M | ||
| Q1 25 | $-146.0M | $63.4M | ||
| Q4 24 | $-165.2M | $16.0M | ||
| Q3 24 | $-234.2M | $50.0M | ||
| Q2 24 | $-356.0M | $37.7M | ||
| Q1 24 | $-260.3M | $53.3M |
自由现金流率PLUGPRDO
| Q4 25 | -67.9% | 17.9% | ||
| Q3 25 | -66.4% | 18.6% | ||
| Q2 25 | -132.5% | 36.3% | ||
| Q1 25 | -109.2% | 29.8% | ||
| Q4 24 | -86.3% | 9.1% | ||
| Q3 24 | -134.8% | 29.4% | ||
| Q2 24 | -248.4% | 22.6% | ||
| Q1 24 | -216.5% | 31.7% |
资本支出强度PLUGPRDO
| Q4 25 | 1.9% | 1.1% | ||
| Q3 25 | 15.6% | 0.9% | ||
| Q2 25 | 22.2% | 1.3% | ||
| Q1 25 | 30.3% | 0.8% | ||
| Q4 24 | 17.7% | 0.9% | ||
| Q3 24 | 34.1% | 0.6% | ||
| Q2 24 | 70.7% | 0.5% | ||
| Q1 24 | 77.0% | 0.7% |
现金转化率PLUGPRDO
| Q4 25 | — | — | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 1.49× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.38× |
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
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% |
PRDO
| CTU | $107.0M | 51% |
| AIUS | $60.8M | 29% |
| University Of St Augustine For Health Sciences Llc | $43.7M | 21% |
| Other | $1.1M | 1% |
