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Proto Labs Inc（PRLB）与P10, Inc.（PX）财务数据对比。点击上方公司名可切换其他公司
Proto Labs Inc的季度营收约是P10, Inc.的1.7倍（$139.3M vs $81.0M），P10, Inc.净利率更高（11.7% vs 5.8%，领先5.8%），Proto Labs Inc同比增速更快（10.4% vs -4.7%），过去两年P10, Inc.的营收复合增速更高（10.7% vs 5.3%）
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
P10, Inc.是一家全球另类资产管理公司，提供涵盖私募股权、私募信贷、实物资产、风险投资的多元化投资解决方案，主要服务北美、欧洲、亚太市场的养老基金、捐赠基金、基金会及高净值个人等客户群体。
PRLB vs PX — 直观对比
营收规模更大
PRLB
是对方的1.7倍
$81.0M
营收增速更快
PRLB
高出15.1%
-4.7%
净利率更高
PX
高出5.8%
5.8%
两年增速更快
PX
近两年复合增速
5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $139.3M | $81.0M |
| 净利润 | $8.1M | $9.5M |
| 毛利率 | 45.6% | — |
| 营业利润率 | 7.1% | 31.9% |
| 净利率 | 5.8% | 11.7% |
| 营收同比 | 10.4% | -4.7% |
| 净利润同比 | 125.4% | 79.0% |
| 每股收益（稀释后） | $0.29 | $0.08 |
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PRLBPX
| Q1 26 | $139.3M | — | ||
| Q4 25 | $136.5M | $81.0M | ||
| Q3 25 | $135.4M | $75.9M | ||
| Q2 25 | $135.1M | $72.7M | ||
| Q1 25 | $126.2M | $67.7M | ||
| Q4 24 | $121.8M | $85.0M | ||
| Q3 24 | $125.6M | $74.2M | ||
| Q2 24 | $125.6M | $71.1M |
净利润PRLBPX
| Q1 26 | $8.1M | — | ||
| Q4 25 | — | $9.5M | ||
| Q3 25 | $7.2M | $2.1M | ||
| Q2 25 | $4.4M | $3.4M | ||
| Q1 25 | $3.6M | $4.5M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $7.2M | $1.4M | ||
| Q2 24 | $4.5M | $7.0M |
毛利率PRLBPX
| Q1 26 | 45.6% | — | ||
| Q4 25 | 44.2% | — | ||
| Q3 25 | 45.3% | — | ||
| Q2 25 | 44.3% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 45.0% | — |
营业利润率PRLBPX
| Q1 26 | 7.1% | — | ||
| Q4 25 | 5.0% | 31.9% | ||
| Q3 25 | 6.5% | 14.1% | ||
| Q2 25 | 3.7% | 24.4% | ||
| Q1 25 | 3.6% | 16.6% | ||
| Q4 24 | -1.2% | 26.9% | ||
| Q3 24 | 6.8% | 11.9% | ||
| Q2 24 | 4.8% | 23.7% |
净利率PRLBPX
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 5.3% | 2.8% | ||
| Q2 25 | 3.3% | 4.7% | ||
| Q1 25 | 2.9% | 6.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | 5.7% | 1.9% | ||
| Q2 24 | 3.6% | 9.8% |
每股收益（稀释后）PRLBPX
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.25 | $0.08 | ||
| Q3 25 | $0.30 | $0.02 | ||
| Q2 25 | $0.18 | $0.03 | ||
| Q1 25 | $0.15 | $0.04 | ||
| Q4 24 | $-0.01 | $0.05 | ||
| Q3 24 | $0.29 | $0.01 | ||
| Q2 24 | $0.18 | $0.06 |
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 | $124.0M | $28.2M |
| 总债务越低越好 | — | $373.2M |
| 股东权益账面价值 | $683.1M | $403.5M |
| 总资产 | $778.6M | $928.3M |
| 负债/权益比越低杠杆越低 | — | 0.93× |
8季度趋势，按日历期对齐
现金及短期投资PRLBPX
| Q1 26 | $124.0M | — | ||
| Q4 25 | $128.1M | $28.2M | ||
| Q3 25 | $119.2M | $40.0M | ||
| Q2 25 | $103.2M | $33.4M | ||
| Q1 25 | $96.8M | $74.4M | ||
| Q4 24 | $103.1M | $67.5M | ||
| Q3 24 | $100.5M | $61.5M | ||
| Q2 24 | $112.9M | $31.2M |
总债务PRLBPX
| Q1 26 | — | — | ||
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M |
股东权益PRLBPX
| Q1 26 | $683.1M | — | ||
| Q4 25 | $673.9M | $403.5M | ||
| Q3 25 | $664.7M | $396.8M | ||
| Q2 25 | $664.7M | $388.9M | ||
| Q1 25 | $656.8M | $374.3M | ||
| Q4 24 | $670.2M | $386.9M | ||
| Q3 24 | $680.0M | $394.1M | ||
| Q2 24 | $685.2M | $396.9M |
总资产PRLBPX
| Q1 26 | $778.6M | — | ||
| Q4 25 | $763.4M | $928.3M | ||
| Q3 25 | $756.9M | $936.0M | ||
| Q2 25 | $743.3M | $932.2M | ||
| Q1 25 | $737.5M | $877.4M | ||
| Q4 24 | $743.5M | $869.3M | ||
| Q3 24 | $753.8M | $857.0M | ||
| Q2 24 | $758.2M | $823.2M |
负债/权益比PRLBPX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× |
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 | $17.5M | $23.0M |
| 自由现金流经营现金流 - 资本支出 | — | $18.1M |
| 自由现金流率自由现金流/营收 | — | 22.3% |
| 资本支出强度资本支出/营收 | — | 6.0% |
| 现金转化率经营现金流/净利润 | 2.16× | 2.43× |
| 过去12个月自由现金流最近4个季度 | — | $14.1M |
8季度趋势，按日历期对齐
经营现金流PRLBPX
| Q1 26 | $17.5M | — | ||
| Q4 25 | $16.5M | $23.0M | ||
| Q3 25 | $29.1M | $-8.6M | ||
| Q2 25 | $10.6M | $13.4M | ||
| Q1 25 | $18.4M | $-4.7M | ||
| Q4 24 | $17.3M | $101.0M | ||
| Q3 24 | $24.8M | $27.5M | ||
| Q2 24 | $14.4M | $34.8M |
自由现金流PRLBPX
| Q1 26 | — | — | ||
| Q4 25 | $8.4M | $18.1M | ||
| Q3 25 | $25.0M | $-9.5M | ||
| Q2 25 | $9.1M | $11.6M | ||
| Q1 25 | $17.1M | $-6.0M | ||
| Q4 24 | $16.5M | $96.6M | ||
| Q3 24 | $23.2M | $25.2M | ||
| Q2 24 | $10.2M | $33.9M |
自由现金流率PRLBPX
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 22.3% | ||
| Q3 25 | 18.5% | -12.6% | ||
| Q2 25 | 6.7% | 15.9% | ||
| Q1 25 | 13.6% | -8.9% | ||
| Q4 24 | 13.5% | 113.6% | ||
| Q3 24 | 18.5% | 34.0% | ||
| Q2 24 | 8.2% | 47.7% |
资本支出强度PRLBPX
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 6.0% | ||
| Q3 25 | 3.0% | 1.2% | ||
| Q2 25 | 1.1% | 2.5% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 0.7% | 5.2% | ||
| Q3 24 | 1.2% | 3.0% | ||
| Q2 24 | 3.3% | 1.3% |
现金转化率PRLBPX
| Q1 26 | 2.16× | — | ||
| Q4 25 | — | 2.43× | ||
| Q3 25 | 4.03× | -4.01× | ||
| Q2 25 | 2.39× | 3.96× | ||
| Q1 25 | 5.11× | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | 3.44× | 19.54× | ||
| Q2 24 | 3.18× | 4.98× |
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
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
