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PLUG POWER INC（PLUG）与Tarsus Pharmaceuticals, Inc.（TARS）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Tarsus Pharmaceuticals, Inc.的1.5倍（$225.2M vs $151.7M），Tarsus Pharmaceuticals, Inc.净利率更高（-5.5% vs -375.6%，领先370.1%），Tarsus Pharmaceuticals, Inc.同比增速更快（128.4% vs 17.6%），Tarsus Pharmaceuticals, Inc.自由现金流更多（$13.0M vs $-153.0M），过去两年Tarsus Pharmaceuticals, Inc.的营收复合增速更高（134.4% 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。
Tarsus Pharmaceuticals是一家处于后期临床阶段的生物制药公司，专注于眼科、皮肤科等专科领域创新疗法的研发和商业化，主打产品针对蠕形螨睑缘炎、玫瑰痤疮等未被充分诊断的常见病症，核心市场为美国。
PLUG vs TARS — 直观对比
营收规模更大
PLUG
是对方的1.5倍
$151.7M
营收增速更快
TARS
高出110.8%
17.6%
净利率更高
TARS
高出370.1%
-375.6%
自由现金流更多
TARS
多$166.0M
$-153.0M
两年增速更快
TARS
近两年复合增速
36.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $151.7M |
| 净利润 | $-846.0M | $-8.4M |
| 毛利率 | 2.4% | — |
| 营业利润率 | -338.9% | -5.3% |
| 净利率 | -375.6% | -5.5% |
| 营收同比 | 17.6% | 128.4% |
| 净利润同比 | 36.7% | 63.8% |
| 每股收益（稀释后） | $-0.70 | $-0.17 |
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PLUGTARS
| Q4 25 | $225.2M | $151.7M | ||
| Q3 25 | $177.1M | $118.7M | ||
| Q2 25 | $174.0M | $102.7M | ||
| Q1 25 | $133.7M | $78.3M | ||
| Q4 24 | $191.5M | $66.4M | ||
| Q3 24 | $173.7M | $48.1M | ||
| Q2 24 | $143.3M | $40.8M | ||
| Q1 24 | $120.3M | $27.6M |
净利润PLUGTARS
| Q4 25 | $-846.0M | $-8.4M | ||
| Q3 25 | $-361.9M | $-12.6M | ||
| Q2 25 | $-227.1M | $-20.3M | ||
| Q1 25 | $-196.7M | $-25.1M | ||
| Q4 24 | $-1.3B | $-23.1M | ||
| Q3 24 | $-211.2M | $-23.4M | ||
| Q2 24 | $-262.3M | $-33.3M | ||
| Q1 24 | $-295.8M | $-35.7M |
毛利率PLUGTARS
| 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PLUGTARS
| Q4 25 | -338.9% | -5.3% | ||
| Q3 25 | -197.0% | -12.2% | ||
| Q2 25 | -101.7% | -21.6% | ||
| Q1 25 | -133.5% | -33.5% | ||
| Q4 24 | -678.7% | -36.8% | ||
| Q3 24 | -124.4% | -52.3% | ||
| Q2 24 | -170.7% | -81.6% | ||
| Q1 24 | -215.7% | -136.5% |
净利率PLUGTARS
| Q4 25 | -375.6% | -5.5% | ||
| Q3 25 | -204.4% | -10.6% | ||
| Q2 25 | -130.5% | -19.8% | ||
| Q1 25 | -147.1% | -32.1% | ||
| Q4 24 | -697.5% | -34.8% | ||
| Q3 24 | -121.5% | -48.7% | ||
| Q2 24 | -183.0% | -81.6% | ||
| Q1 24 | -245.9% | -129.4% |
每股收益（稀释后）PLUGTARS
| Q4 25 | $-0.70 | $-0.17 | ||
| Q3 25 | $-0.31 | $-0.30 | ||
| Q2 25 | $-0.20 | $-0.48 | ||
| Q1 25 | $-0.21 | $-0.64 | ||
| Q4 24 | $-1.61 | $-0.57 | ||
| Q3 24 | $-0.25 | $-0.61 | ||
| Q2 24 | $-0.36 | $-0.88 | ||
| Q1 24 | $-0.46 | $-1.01 |
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 | $417.3M |
| 总债务越低越好 | — | $72.4M |
| 股东权益账面价值 | $978.1M | $343.4M |
| 总资产 | $2.6B | $562.2M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资PLUGTARS
| Q4 25 | $368.5M | $417.3M | ||
| Q3 25 | $165.9M | $401.8M | ||
| Q2 25 | $140.7M | $381.1M | ||
| Q1 25 | $295.8M | $407.9M | ||
| Q4 24 | $205.7M | $291.4M | ||
| Q3 24 | $93.9M | $317.0M | ||
| Q2 24 | $62.4M | $323.6M | ||
| Q1 24 | $172.9M | $298.5M |
总债务PLUGTARS
| Q4 25 | — | $72.4M | ||
| Q3 25 | — | $72.3M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $72.0M | ||
| Q4 24 | — | $71.8M | ||
| Q3 24 | $3.9M | $71.7M | ||
| Q2 24 | $3.7M | $71.6M | ||
| Q1 24 | $3.8M | $29.9M |
股东权益PLUGTARS
| Q4 25 | $978.1M | $343.4M | ||
| Q3 25 | $1.4B | $335.1M | ||
| Q2 25 | $1.7B | $332.6M | ||
| Q1 25 | $1.9B | $342.5M | ||
| Q4 24 | $1.7B | $224.5M | ||
| Q3 24 | $3.0B | $237.5M | ||
| Q2 24 | $3.0B | $252.2M | ||
| Q1 24 | $2.9B | $275.2M |
总资产PLUGTARS
| Q4 25 | $2.6B | $562.2M | ||
| Q3 25 | $3.1B | $534.6M | ||
| Q2 25 | $3.4B | $495.0M | ||
| Q1 25 | $3.6B | $500.8M | ||
| Q4 24 | $3.6B | $377.0M | ||
| Q3 24 | $4.7B | $376.3M | ||
| Q2 24 | $4.8B | $376.8M | ||
| Q1 24 | $4.8B | $349.3M |
负债/权益比PLUGTARS
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | 0.00× | 0.30× | ||
| Q2 24 | 0.00× | 0.28× | ||
| Q1 24 | 0.00× | 0.11× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $13.0M |
| 自由现金流率自由现金流/营收 | -67.9% | 8.6% |
| 资本支出强度资本支出/营收 | 1.9% | 4.2% |
| 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 | $-22.3M |
8季度趋势，按日历期对齐
经营现金流PLUGTARS
| Q4 25 | $-148.6M | $19.3M | ||
| Q3 25 | $-89.8M | $18.3M | ||
| Q2 25 | $-191.8M | $-29.4M | ||
| Q1 25 | $-105.6M | $-20.7M | ||
| Q4 24 | $-131.2M | $-22.2M | ||
| Q3 24 | $-174.9M | $-8.7M | ||
| Q2 24 | $-254.7M | $-14.4M | ||
| Q1 24 | $-167.7M | $-37.8M |
自由现金流PLUGTARS
| Q4 25 | $-153.0M | $13.0M | ||
| Q3 25 | $-117.5M | $16.3M | ||
| Q2 25 | $-230.4M | $-30.4M | ||
| Q1 25 | $-146.0M | $-21.2M | ||
| Q4 24 | $-165.2M | $-22.3M | ||
| Q3 24 | $-234.2M | $-8.9M | ||
| Q2 24 | $-356.0M | $-15.4M | ||
| Q1 24 | $-260.3M | $-38.0M |
自由现金流率PLUGTARS
| Q4 25 | -67.9% | 8.6% | ||
| Q3 25 | -66.4% | 13.8% | ||
| Q2 25 | -132.5% | -29.6% | ||
| Q1 25 | -109.2% | -27.1% | ||
| Q4 24 | -86.3% | -33.5% | ||
| Q3 24 | -134.8% | -18.6% | ||
| Q2 24 | -248.4% | -37.8% | ||
| Q1 24 | -216.5% | -137.5% |
资本支出强度PLUGTARS
| Q4 25 | 1.9% | 4.2% | ||
| Q3 25 | 15.6% | 1.6% | ||
| Q2 25 | 22.2% | 1.0% | ||
| Q1 25 | 30.3% | 0.8% | ||
| Q4 24 | 17.7% | 0.1% | ||
| Q3 24 | 34.1% | 0.6% | ||
| Q2 24 | 70.7% | 2.5% | ||
| Q1 24 | 77.0% | 0.6% |
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% |
TARS
暂无分部数据
