vs
PLUG POWER INC（PLUG）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.9倍（$225.2M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -375.6%，领先364.9%），PLUG POWER INC同比增速更快（17.6% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
PLUG vs RGP — 直观对比
营收规模更大
PLUG
是对方的1.9倍
$117.7M
营收增速更快
PLUG
高出36.8%
-19.2%
净利率更高
RGP
高出364.9%
-375.6%
自由现金流更多
RGP
多$168.6M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $117.7M |
| 净利润 | $-846.0M | $-12.7M |
| 毛利率 | 2.4% | 37.1% |
| 营业利润率 | -338.9% | -10.3% |
| 净利率 | -375.6% | -10.8% |
| 营收同比 | 17.6% | -19.2% |
| 净利润同比 | 36.7% | 81.6% |
| 每股收益（稀释后） | $-0.70 | $-0.38 |
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PLUGRGP
| Q4 25 | $225.2M | $117.7M | ||
| Q3 25 | $177.1M | $120.2M | ||
| Q2 25 | $174.0M | $139.3M | ||
| Q1 25 | $133.7M | $129.4M | ||
| Q4 24 | $191.5M | $145.6M | ||
| Q3 24 | $173.7M | $136.9M | ||
| Q2 24 | $143.3M | $148.2M | ||
| Q1 24 | $120.3M | $151.3M |
净利润PLUGRGP
| Q4 25 | $-846.0M | $-12.7M | ||
| Q3 25 | $-361.9M | $-2.4M | ||
| Q2 25 | $-227.1M | $-73.3M | ||
| Q1 25 | $-196.7M | $-44.1M | ||
| Q4 24 | $-1.3B | $-68.7M | ||
| Q3 24 | $-211.2M | $-5.7M | ||
| Q2 24 | $-262.3M | $10.5M | ||
| Q1 24 | $-295.8M | $2.5M |
毛利率PLUGRGP
| Q4 25 | 2.4% | 37.1% | ||
| Q3 25 | -67.9% | 39.5% | ||
| Q2 25 | -30.7% | 40.2% | ||
| Q1 25 | -55.3% | 35.1% | ||
| Q4 24 | -122.5% | 38.5% | ||
| Q3 24 | -57.6% | 36.5% | ||
| Q2 24 | -91.6% | 40.2% | ||
| Q1 24 | -132.3% | 37.0% |
营业利润率PLUGRGP
| Q4 25 | -338.9% | -10.3% | ||
| Q3 25 | -197.0% | -1.7% | ||
| Q2 25 | -101.7% | -47.0% | ||
| Q1 25 | -133.5% | -38.4% | ||
| Q4 24 | -678.7% | -52.7% | ||
| Q3 24 | -124.4% | -3.5% | ||
| Q2 24 | -170.7% | 7.6% | ||
| Q1 24 | -215.7% | 2.8% |
净利率PLUGRGP
| Q4 25 | -375.6% | -10.8% | ||
| Q3 25 | -204.4% | -2.0% | ||
| Q2 25 | -130.5% | -52.6% | ||
| Q1 25 | -147.1% | -34.0% | ||
| Q4 24 | -697.5% | -47.2% | ||
| Q3 24 | -121.5% | -4.2% | ||
| Q2 24 | -183.0% | 7.1% | ||
| Q1 24 | -245.9% | 1.7% |
每股收益（稀释后）PLUGRGP
| Q4 25 | $-0.70 | $-0.38 | ||
| Q3 25 | $-0.31 | $-0.07 | ||
| Q2 25 | $-0.20 | $-2.21 | ||
| Q1 25 | $-0.21 | $-1.34 | ||
| Q4 24 | $-1.61 | $-2.08 | ||
| Q3 24 | $-0.25 | $-0.17 | ||
| Q2 24 | $-0.36 | $0.31 | ||
| Q1 24 | $-0.46 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $978.1M | $194.6M |
| 总资产 | $2.6B | $289.3M |
| 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PLUGRGP
| Q4 25 | $368.5M | $89.8M | ||
| Q3 25 | $165.9M | $77.5M | ||
| Q2 25 | $140.7M | $86.1M | ||
| Q1 25 | $295.8M | $72.5M | ||
| Q4 24 | $205.7M | $78.2M | ||
| Q3 24 | $93.9M | $89.6M | ||
| Q2 24 | $62.4M | $108.9M | ||
| Q1 24 | $172.9M | $113.8M |
总债务PLUGRGP
| 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PLUGRGP
| Q4 25 | $978.1M | $194.6M | ||
| Q3 25 | $1.4B | $206.4M | ||
| Q2 25 | $1.7B | $207.1M | ||
| Q1 25 | $1.9B | $277.8M | ||
| Q4 24 | $1.7B | $325.7M | ||
| Q3 24 | $3.0B | $407.2M | ||
| Q2 24 | $3.0B | $418.8M | ||
| Q1 24 | $2.9B | $414.9M |
总资产PLUGRGP
| Q4 25 | $2.6B | $289.3M | ||
| Q3 25 | $3.1B | $287.2M | ||
| Q2 25 | $3.4B | $304.7M | ||
| Q1 25 | $3.6B | $375.6M | ||
| Q4 24 | $3.6B | $424.9M | ||
| Q3 24 | $4.7B | $512.9M | ||
| Q2 24 | $4.8B | $510.9M | ||
| Q1 24 | $4.8B | $523.2M |
负债/权益比PLUGRGP
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $15.6M |
| 自由现金流率自由现金流/营收 | -67.9% | 13.2% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-647.0M | $24.3M |
8季度趋势，按日历期对齐
经营现金流PLUGRGP
| Q4 25 | $-148.6M | $15.9M | ||
| Q3 25 | $-89.8M | $-7.8M | ||
| Q2 25 | $-191.8M | $16.8M | ||
| Q1 25 | $-105.6M | $659.0K | ||
| Q4 24 | $-131.2M | $1.8M | ||
| Q3 24 | $-174.9M | $-309.0K | ||
| Q2 24 | $-254.7M | $3.2M | ||
| Q1 24 | $-167.7M | $20.5M |
自由现金流PLUGRGP
| Q4 25 | $-153.0M | $15.6M | ||
| Q3 25 | $-117.5M | $-8.0M | ||
| Q2 25 | $-230.4M | $16.5M | ||
| Q1 25 | $-146.0M | $238.0K | ||
| Q4 24 | $-165.2M | $61.0K | ||
| Q3 24 | $-234.2M | $-575.0K | ||
| Q2 24 | $-356.0M | $3.0M | ||
| Q1 24 | $-260.3M | $20.4M |
自由现金流率PLUGRGP
| Q4 25 | -67.9% | 13.2% | ||
| Q3 25 | -66.4% | -6.6% | ||
| Q2 25 | -132.5% | 11.8% | ||
| Q1 25 | -109.2% | 0.2% | ||
| Q4 24 | -86.3% | 0.0% | ||
| Q3 24 | -134.8% | -0.4% | ||
| Q2 24 | -248.4% | 2.1% | ||
| Q1 24 | -216.5% | 13.5% |
资本支出强度PLUGRGP
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 15.6% | 0.1% | ||
| Q2 25 | 22.2% | 0.2% | ||
| Q1 25 | 30.3% | 0.3% | ||
| Q4 24 | 17.7% | 1.2% | ||
| Q3 24 | 34.1% | 0.2% | ||
| Q2 24 | 70.7% | 0.1% | ||
| Q1 24 | 77.0% | 0.1% |
现金转化率PLUGRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
