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PLUG POWER INC（PLUG）与Purple Innovation, Inc.（PRPL）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Purple Innovation, Inc.的1.6倍（$225.2M vs $140.7M），Purple Innovation, Inc.净利率更高（-2.3% vs -375.6%，领先373.3%），PLUG POWER INC同比增速更快（17.6% vs 9.1%），Purple Innovation, Inc.自由现金流更多（$-7.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 8.3%）
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。
Purple Carrot是一家总部位于马萨诸塞州尼达姆市的全植物性餐包品牌，由安迪·莱维特创立，每周为订阅用户提供预制餐品和自制餐包。据《大都会》2022年报道，对比美式标准餐食，该品牌每份餐包的碳排放量可降低72%，主打低碳环保的纯植物饮食方案。
PLUG vs PRPL — 直观对比
营收规模更大
PLUG
是对方的1.6倍
$140.7M
营收增速更快
PLUG
高出8.5%
9.1%
净利率更高
PRPL
高出373.3%
-375.6%
自由现金流更多
PRPL
多$145.2M
$-153.0M
两年增速更快
PLUG
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $140.7M |
| 净利润 | $-846.0M | $-3.2M |
| 毛利率 | 2.4% | 41.9% |
| 营业利润率 | -338.9% | -1.6% |
| 净利率 | -375.6% | -2.3% |
| 营收同比 | 17.6% | 9.1% |
| 净利润同比 | 36.7% | 62.1% |
| 每股收益（稀释后） | $-0.70 | $0.03 |
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PLUGPRPL
| Q4 25 | $225.2M | $140.7M | ||
| Q3 25 | $177.1M | $118.8M | ||
| Q2 25 | $174.0M | $105.1M | ||
| Q1 25 | $133.7M | $104.2M | ||
| Q4 24 | $191.5M | $129.0M | ||
| Q3 24 | $173.7M | $118.6M | ||
| Q2 24 | $143.3M | $120.3M | ||
| Q1 24 | $120.3M | $120.0M |
净利润PLUGPRPL
| Q4 25 | $-846.0M | $-3.2M | ||
| Q3 25 | $-361.9M | $-11.7M | ||
| Q2 25 | $-227.1M | $-17.3M | ||
| Q1 25 | $-196.7M | $-19.1M | ||
| Q4 24 | $-1.3B | $-8.5M | ||
| Q3 24 | $-211.2M | $-39.2M | ||
| Q2 24 | $-262.3M | $27.0K | ||
| Q1 24 | $-295.8M | $-50.2M |
毛利率PLUGPRPL
| Q4 25 | 2.4% | 41.9% | ||
| Q3 25 | -67.9% | 42.8% | ||
| Q2 25 | -30.7% | 35.9% | ||
| Q1 25 | -55.3% | 39.4% | ||
| Q4 24 | -122.5% | 42.9% | ||
| Q3 24 | -57.6% | 29.7% | ||
| Q2 24 | -91.6% | 40.7% | ||
| Q1 24 | -132.3% | 34.8% |
营业利润率PLUGPRPL
| Q4 25 | -338.9% | -1.6% | ||
| Q3 25 | -197.0% | -10.2% | ||
| Q2 25 | -101.7% | -13.5% | ||
| Q1 25 | -133.5% | -13.9% | ||
| Q4 24 | -678.7% | -6.0% | ||
| Q3 24 | -124.4% | -39.5% | ||
| Q2 24 | -170.7% | -12.1% | ||
| Q1 24 | -215.7% | -19.3% |
净利率PLUGPRPL
| Q4 25 | -375.6% | -2.3% | ||
| Q3 25 | -204.4% | -9.9% | ||
| Q2 25 | -130.5% | -16.5% | ||
| Q1 25 | -147.1% | -18.4% | ||
| Q4 24 | -697.5% | -6.6% | ||
| Q3 24 | -121.5% | -33.1% | ||
| Q2 24 | -183.0% | 0.0% | ||
| Q1 24 | -245.9% | -41.8% |
每股收益（稀释后）PLUGPRPL
| Q4 25 | $-0.70 | $0.03 | ||
| Q3 25 | $-0.31 | $0.11 | ||
| Q2 25 | $-0.20 | $0.16 | ||
| Q1 25 | $-0.21 | $0.18 | ||
| Q4 24 | $-1.61 | $0.08 | ||
| Q3 24 | $-0.25 | $0.36 | ||
| Q2 24 | $-0.36 | $0.00 | ||
| Q1 24 | $-0.46 | $0.47 |
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 | $24.3M |
| 总债务越低越好 | — | $126.7M |
| 股东权益账面价值 | $978.1M | $-29.7M |
| 总资产 | $2.6B | $296.3M |
| 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PLUGPRPL
| Q4 25 | $368.5M | $24.3M | ||
| Q3 25 | $165.9M | $32.4M | ||
| Q2 25 | $140.7M | $34.2M | ||
| Q1 25 | $295.8M | $21.6M | ||
| Q4 24 | $205.7M | $29.0M | ||
| Q3 24 | $93.9M | $23.4M | ||
| Q2 24 | $62.4M | $23.4M | ||
| Q1 24 | $172.9M | $34.5M |
总债务PLUGPRPL
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $3.9M | $50.8M | ||
| Q2 24 | $3.7M | — | ||
| Q1 24 | $3.8M | — |
股东权益PLUGPRPL
| Q4 25 | $978.1M | $-29.7M | ||
| Q3 25 | $1.4B | $-26.9M | ||
| Q2 25 | $1.7B | $-15.6M | ||
| Q1 25 | $1.9B | $1.3M | ||
| Q4 24 | $1.7B | $20.2M | ||
| Q3 24 | $3.0B | $28.0M | ||
| Q2 24 | $3.0B | $66.4M | ||
| Q1 24 | $2.9B | $65.5M |
总资产PLUGPRPL
| Q4 25 | $2.6B | $296.3M | ||
| Q3 25 | $3.1B | $302.1M | ||
| Q2 25 | $3.4B | $303.8M | ||
| Q1 25 | $3.6B | $293.8M | ||
| Q4 24 | $3.6B | $307.8M | ||
| Q3 24 | $4.7B | $309.3M | ||
| Q2 24 | $4.8B | $362.1M | ||
| Q1 24 | $4.8B | $382.1M |
负债/权益比PLUGPRPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | 0.00× | 1.82× | ||
| 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 | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $-7.8M |
| 自由现金流率自由现金流/营收 | -67.9% | -5.5% |
| 资本支出强度资本支出/营收 | 1.9% | 1.4% |
| 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 | $-41.9M |
8季度趋势，按日历期对齐
经营现金流PLUGPRPL
| Q4 25 | $-148.6M | $-5.8M | ||
| Q3 25 | $-89.8M | $-968.0K | ||
| Q2 25 | $-191.8M | $-4.0M | ||
| Q1 25 | $-105.6M | $-23.1M | ||
| Q4 24 | $-131.2M | $6.8M | ||
| Q3 24 | $-174.9M | $1.1M | ||
| Q2 24 | $-254.7M | $-8.9M | ||
| Q1 24 | $-167.7M | $-16.8M |
自由现金流PLUGPRPL
| Q4 25 | $-153.0M | $-7.8M | ||
| Q3 25 | $-117.5M | $-1.8M | ||
| Q2 25 | $-230.4M | $-7.0M | ||
| Q1 25 | $-146.0M | $-25.3M | ||
| Q4 24 | $-165.2M | $5.7M | ||
| Q3 24 | $-234.2M | $101.0K | ||
| Q2 24 | $-356.0M | $-11.0M | ||
| Q1 24 | $-260.3M | $-19.9M |
自由现金流率PLUGPRPL
| Q4 25 | -67.9% | -5.5% | ||
| Q3 25 | -66.4% | -1.5% | ||
| Q2 25 | -132.5% | -6.6% | ||
| Q1 25 | -109.2% | -24.3% | ||
| Q4 24 | -86.3% | 4.4% | ||
| Q3 24 | -134.8% | 0.1% | ||
| Q2 24 | -248.4% | -9.2% | ||
| Q1 24 | -216.5% | -16.5% |
资本支出强度PLUGPRPL
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 15.6% | 0.7% | ||
| Q2 25 | 22.2% | 2.8% | ||
| Q1 25 | 30.3% | 2.2% | ||
| Q4 24 | 17.7% | 0.8% | ||
| Q3 24 | 34.1% | 0.9% | ||
| Q2 24 | 70.7% | 1.7% | ||
| Q1 24 | 77.0% | 2.5% |
现金转化率PLUGPRPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
