vs
PLUG POWER INC（PLUG）与QUINSTREET, INC（QNST）财务数据对比。点击上方公司名可切换其他公司
QUINSTREET, INC的季度营收约是PLUG POWER INC的1.3倍（$287.8M vs $225.2M），QUINSTREET, INC净利率更高（17.4% vs -375.6%，领先393.1%），PLUG POWER INC同比增速更快（17.6% vs 1.9%），QUINSTREET, INC自由现金流更多（$20.7M vs $-153.0M），过去两年QUINSTREET, INC的营收复合增速更高（53.2% vs 36.8%）
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。
QuinStreet是一家总部位于美国加利福尼亚州福斯特城的上市网络营销企业，核心业务围绕优质域名资源展开，通过收储热门域名帮助客户获取流量，实现营销增长目标。
PLUG vs QNST — 直观对比
营收规模更大
QNST
是对方的1.3倍
$225.2M
营收增速更快
PLUG
高出15.8%
1.9%
净利率更高
QNST
高出393.1%
-375.6%
自由现金流更多
QNST
多$173.8M
$-153.0M
两年增速更快
QNST
近两年复合增速
36.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $287.8M |
| 净利润 | $-846.0M | $50.2M |
| 毛利率 | 2.4% | 9.6% |
| 营业利润率 | -338.9% | 0.4% |
| 净利率 | -375.6% | 17.4% |
| 营收同比 | 17.6% | 1.9% |
| 净利润同比 | 36.7% | 3342.5% |
| 每股收益（稀释后） | $-0.70 | $0.87 |
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PLUGQNST
| Q4 25 | $225.2M | $287.8M | ||
| Q3 25 | $177.1M | $285.9M | ||
| Q2 25 | $174.0M | — | ||
| Q1 25 | $133.7M | $269.8M | ||
| Q4 24 | $191.5M | $282.6M | ||
| Q3 24 | $173.7M | $279.2M | ||
| Q2 24 | $143.3M | $198.3M | ||
| Q1 24 | $120.3M | $168.6M |
净利润PLUGQNST
| Q4 25 | $-846.0M | $50.2M | ||
| Q3 25 | $-361.9M | $4.5M | ||
| Q2 25 | $-227.1M | — | ||
| Q1 25 | $-196.7M | $4.4M | ||
| Q4 24 | $-1.3B | $-1.5M | ||
| Q3 24 | $-211.2M | $-1.4M | ||
| Q2 24 | $-262.3M | $-2.2M | ||
| Q1 24 | $-295.8M | $-7.0M |
毛利率PLUGQNST
| Q4 25 | 2.4% | 9.6% | ||
| Q3 25 | -67.9% | 9.4% | ||
| Q2 25 | -30.7% | — | ||
| Q1 25 | -55.3% | 10.3% | ||
| Q4 24 | -122.5% | 9.5% | ||
| Q3 24 | -57.6% | 10.2% | ||
| Q2 24 | -91.6% | 8.8% | ||
| Q1 24 | -132.3% | 8.5% |
营业利润率PLUGQNST
| Q4 25 | -338.9% | 0.4% | ||
| Q3 25 | -197.0% | 1.7% | ||
| Q2 25 | -101.7% | — | ||
| Q1 25 | -133.5% | 1.8% | ||
| Q4 24 | -678.7% | -0.5% | ||
| Q3 24 | -124.4% | -0.4% | ||
| Q2 24 | -170.7% | -0.7% | ||
| Q1 24 | -215.7% | -3.2% |
净利率PLUGQNST
| Q4 25 | -375.6% | 17.4% | ||
| Q3 25 | -204.4% | 1.6% | ||
| Q2 25 | -130.5% | — | ||
| Q1 25 | -147.1% | 1.6% | ||
| Q4 24 | -697.5% | -0.5% | ||
| Q3 24 | -121.5% | -0.5% | ||
| Q2 24 | -183.0% | -1.1% | ||
| Q1 24 | -245.9% | -4.2% |
每股收益（稀释后）PLUGQNST
| Q4 25 | $-0.70 | $0.87 | ||
| Q3 25 | $-0.31 | $0.08 | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | $-0.21 | $0.08 | ||
| Q4 24 | $-1.61 | $-0.03 | ||
| Q3 24 | $-0.25 | $-0.02 | ||
| Q2 24 | $-0.36 | $-0.04 | ||
| Q1 24 | $-0.46 | $-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 | $368.5M | $107.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $978.1M | $294.4M |
| 总资产 | $2.6B | $493.0M |
| 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PLUGQNST
| Q4 25 | $368.5M | $107.0M | ||
| Q3 25 | $165.9M | $101.3M | ||
| Q2 25 | $140.7M | — | ||
| Q1 25 | $295.8M | $81.8M | ||
| Q4 24 | $205.7M | $57.8M | ||
| Q3 24 | $93.9M | $25.0M | ||
| Q2 24 | $62.4M | $50.5M | ||
| Q1 24 | $172.9M | $39.6M |
总债务PLUGQNST
| 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PLUGQNST
| Q4 25 | $978.1M | $294.4M | ||
| Q3 25 | $1.4B | $246.7M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | $235.5M | ||
| Q4 24 | $1.7B | $224.3M | ||
| Q3 24 | $3.0B | $219.8M | ||
| Q2 24 | $3.0B | $216.8M | ||
| Q1 24 | $2.9B | $215.0M |
总资产PLUGQNST
| Q4 25 | $2.6B | $493.0M | ||
| Q3 25 | $3.1B | $442.6M | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | $417.2M | ||
| Q4 24 | $3.6B | $409.6M | ||
| Q3 24 | $4.7B | $401.2M | ||
| Q2 24 | $4.8B | $368.5M | ||
| Q1 24 | $4.8B | $349.3M |
负债/权益比PLUGQNST
| 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 | $21.6M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $20.7M |
| 自由现金流率自由现金流/营收 | -67.9% | 7.2% |
| 资本支出强度资本支出/营收 | 1.9% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.43× |
| 过去12个月自由现金流最近4个季度 | $-647.0M | $106.9M |
8季度趋势，按日历期对齐
经营现金流PLUGQNST
| Q4 25 | $-148.6M | $21.6M | ||
| Q3 25 | $-89.8M | $19.6M | ||
| Q2 25 | $-191.8M | — | ||
| Q1 25 | $-105.6M | $30.1M | ||
| Q4 24 | $-131.2M | $38.7M | ||
| Q3 24 | $-174.9M | $-13.7M | ||
| Q2 24 | $-254.7M | $16.6M | ||
| Q1 24 | $-167.7M | $4.1M |
自由现金流PLUGQNST
| Q4 25 | $-153.0M | $20.7M | ||
| Q3 25 | $-117.5M | $18.4M | ||
| Q2 25 | $-230.4M | — | ||
| Q1 25 | $-146.0M | $29.5M | ||
| Q4 24 | $-165.2M | $38.2M | ||
| Q3 24 | $-234.2M | $-14.1M | ||
| Q2 24 | $-356.0M | $15.4M | ||
| Q1 24 | $-260.3M | $2.9M |
自由现金流率PLUGQNST
| Q4 25 | -67.9% | 7.2% | ||
| Q3 25 | -66.4% | 6.4% | ||
| Q2 25 | -132.5% | — | ||
| Q1 25 | -109.2% | 10.9% | ||
| Q4 24 | -86.3% | 13.5% | ||
| Q3 24 | -134.8% | -5.1% | ||
| Q2 24 | -248.4% | 7.8% | ||
| Q1 24 | -216.5% | 1.7% |
资本支出强度PLUGQNST
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 15.6% | 0.4% | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 30.3% | 0.2% | ||
| Q4 24 | 17.7% | 0.2% | ||
| Q3 24 | 34.1% | 0.2% | ||
| Q2 24 | 70.7% | 0.6% | ||
| Q1 24 | 77.0% | 0.7% |
现金转化率PLUGQNST
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
