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PLUG POWER INC（PLUG）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是PLUG POWER INC的1.5倍（$342.1M vs $225.2M），Stitch Fix, Inc.净利率更高（-1.9% vs -375.6%，领先373.8%），PLUG POWER INC同比增速更快（17.6% vs 7.3%），Stitch Fix, Inc.自由现金流更多（$5.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
PLUG vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.5倍
$225.2M
营收增速更快
PLUG
高出10.3%
7.3%
净利率更高
SFIX
高出373.8%
-375.6%
自由现金流更多
SFIX
多$158.6M
$-153.0M
两年增速更快
PLUG
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $342.1M |
| 净利润 | $-846.0M | $-6.4M |
| 毛利率 | 2.4% | 43.6% |
| 营业利润率 | -338.9% | -2.5% |
| 净利率 | -375.6% | -1.9% |
| 营收同比 | 17.6% | 7.3% |
| 净利润同比 | 36.7% | -1.7% |
| 每股收益（稀释后） | $-0.70 | $-0.05 |
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PLUGSFIX
| Q4 25 | $225.2M | $342.1M | ||
| Q3 25 | $177.1M | $311.2M | ||
| Q2 25 | $174.0M | $325.0M | ||
| Q1 25 | $133.7M | $312.1M | ||
| Q4 24 | $191.5M | $318.8M | ||
| Q3 24 | $173.7M | $319.6M | ||
| Q2 24 | $143.3M | $322.7M | ||
| Q1 24 | $120.3M | $330.4M |
净利润PLUGSFIX
| Q4 25 | $-846.0M | $-6.4M | ||
| Q3 25 | $-361.9M | $-8.6M | ||
| Q2 25 | $-227.1M | $-7.4M | ||
| Q1 25 | $-196.7M | $-6.5M | ||
| Q4 24 | $-1.3B | $-6.3M | ||
| Q3 24 | $-211.2M | $-36.5M | ||
| Q2 24 | $-262.3M | $-21.3M | ||
| Q1 24 | $-295.8M | $-35.5M |
毛利率PLUGSFIX
| Q4 25 | 2.4% | 43.6% | ||
| Q3 25 | -67.9% | 43.6% | ||
| Q2 25 | -30.7% | 44.2% | ||
| Q1 25 | -55.3% | 44.5% | ||
| Q4 24 | -122.5% | 45.4% | ||
| Q3 24 | -57.6% | 44.6% | ||
| Q2 24 | -91.6% | 45.5% | ||
| Q1 24 | -132.3% | 43.4% |
营业利润率PLUGSFIX
| Q4 25 | -338.9% | -2.5% | ||
| Q3 25 | -197.0% | -3.6% | ||
| Q2 25 | -101.7% | -3.0% | ||
| Q1 25 | -133.5% | -2.9% | ||
| Q4 24 | -678.7% | -2.8% | ||
| Q3 24 | -124.4% | -13.1% | ||
| Q2 24 | -170.7% | -7.7% | ||
| Q1 24 | -215.7% | -11.5% |
净利率PLUGSFIX
| Q4 25 | -375.6% | -1.9% | ||
| Q3 25 | -204.4% | -2.8% | ||
| Q2 25 | -130.5% | -2.3% | ||
| Q1 25 | -147.1% | -2.1% | ||
| Q4 24 | -697.5% | -2.0% | ||
| Q3 24 | -121.5% | -11.4% | ||
| Q2 24 | -183.0% | -6.6% | ||
| Q1 24 | -245.9% | -10.8% |
每股收益（稀释后）PLUGSFIX
| Q4 25 | $-0.70 | $-0.05 | ||
| Q3 25 | $-0.31 | $-0.06 | ||
| Q2 25 | $-0.20 | $-0.06 | ||
| Q1 25 | $-0.21 | $-0.05 | ||
| Q4 24 | $-1.61 | $-0.05 | ||
| Q3 24 | $-0.25 | $-0.29 | ||
| Q2 24 | $-0.36 | $-0.18 | ||
| Q1 24 | $-0.46 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $978.1M | $204.1M |
| 总资产 | $2.6B | $530.7M |
| 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PLUGSFIX
| Q4 25 | $368.5M | $244.2M | ||
| Q3 25 | $165.9M | $234.9M | ||
| Q2 25 | $140.7M | $234.2M | ||
| Q1 25 | $295.8M | $219.1M | ||
| Q4 24 | $205.7M | $253.3M | ||
| Q3 24 | $93.9M | $247.0M | ||
| Q2 24 | $62.4M | $244.5M | ||
| Q1 24 | $172.9M | $229.8M |
总债务PLUGSFIX
| 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PLUGSFIX
| Q4 25 | $978.1M | $204.1M | ||
| Q3 25 | $1.4B | $203.0M | ||
| Q2 25 | $1.7B | $200.4M | ||
| Q1 25 | $1.9B | $197.8M | ||
| Q4 24 | $1.7B | $190.5M | ||
| Q3 24 | $3.0B | $187.0M | ||
| Q2 24 | $3.0B | $208.9M | ||
| Q1 24 | $2.9B | $213.3M |
总资产PLUGSFIX
| Q4 25 | $2.6B | $530.7M | ||
| Q3 25 | $3.1B | $480.6M | ||
| Q2 25 | $3.4B | $484.7M | ||
| Q1 25 | $3.6B | $472.6M | ||
| Q4 24 | $3.6B | $507.1M | ||
| Q3 24 | $4.7B | $486.9M | ||
| Q2 24 | $4.8B | $537.0M | ||
| Q1 24 | $4.8B | $538.3M |
负债/权益比PLUGSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $5.6M |
| 自由现金流率自由现金流/营收 | -67.9% | 1.6% |
| 资本支出强度资本支出/营收 | 1.9% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流PLUGSFIX
| Q4 25 | $-148.6M | $10.9M | ||
| Q3 25 | $-89.8M | $7.0M | ||
| Q2 25 | $-191.8M | $20.5M | ||
| Q1 25 | $-105.6M | $-16.2M | ||
| Q4 24 | $-131.2M | $14.3M | ||
| Q3 24 | $-174.9M | $8.2M | ||
| Q2 24 | $-254.7M | $21.7M | ||
| Q1 24 | $-167.7M | $-22.3M |
自由现金流PLUGSFIX
| Q4 25 | $-153.0M | $5.6M | ||
| Q3 25 | $-117.5M | $2.8M | ||
| Q2 25 | $-230.4M | $16.0M | ||
| Q1 25 | $-146.0M | $-19.4M | ||
| Q4 24 | $-165.2M | $9.9M | ||
| Q3 24 | $-234.2M | $4.5M | ||
| Q2 24 | $-356.0M | $18.9M | ||
| Q1 24 | $-260.3M | $-26.1M |
自由现金流率PLUGSFIX
| Q4 25 | -67.9% | 1.6% | ||
| Q3 25 | -66.4% | 0.9% | ||
| Q2 25 | -132.5% | 4.9% | ||
| Q1 25 | -109.2% | -6.2% | ||
| Q4 24 | -86.3% | 3.1% | ||
| Q3 24 | -134.8% | 1.4% | ||
| Q2 24 | -248.4% | 5.9% | ||
| Q1 24 | -216.5% | -7.9% |
资本支出强度PLUGSFIX
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 15.6% | 1.4% | ||
| Q2 25 | 22.2% | 1.4% | ||
| Q1 25 | 30.3% | 1.0% | ||
| Q4 24 | 17.7% | 1.4% | ||
| Q3 24 | 34.1% | 1.2% | ||
| Q2 24 | 70.7% | 0.9% | ||
| Q1 24 | 77.0% | 1.1% |
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% |
SFIX
暂无分部数据
