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Proto Labs Inc（PRLB）与Safehold Inc.（SAFE）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Safehold Inc.的1.4倍（$139.3M vs $97.9M），Safehold Inc.净利率更高（28.5% vs 5.8%，领先22.7%），Proto Labs Inc同比增速更快（10.4% vs 6.5%），过去两年Proto Labs Inc的营收复合增速更高（5.3% vs 2.5%）
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。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
PRLB vs SAFE — 直观对比
营收规模更大
PRLB
是对方的1.4倍
$97.9M
营收增速更快
PRLB
高出3.9%
6.5%
净利率更高
SAFE
高出22.7%
5.8%
两年增速更快
PRLB
近两年复合增速
2.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $139.3M | $97.9M |
| 净利润 | $8.1M | $27.9M |
| 毛利率 | 45.6% | 98.6% |
| 营业利润率 | 7.1% | 27.4% |
| 净利率 | 5.8% | 28.5% |
| 营收同比 | 10.4% | 6.5% |
| 净利润同比 | 125.4% | 7.1% |
| 每股收益（稀释后） | $0.29 | $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PRLBSAFE
| Q1 26 | $139.3M | — | ||
| Q4 25 | $136.5M | $97.9M | ||
| Q3 25 | $135.4M | $96.2M | ||
| Q2 25 | $135.1M | $93.8M | ||
| Q1 25 | $126.2M | $97.7M | ||
| Q4 24 | $121.8M | $91.9M | ||
| Q3 24 | $125.6M | $90.7M | ||
| Q2 24 | $125.6M | $89.9M |
净利润PRLBSAFE
| Q1 26 | $8.1M | — | ||
| Q4 25 | — | $27.9M | ||
| Q3 25 | $7.2M | $29.3M | ||
| Q2 25 | $4.4M | $27.9M | ||
| Q1 25 | $3.6M | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $7.2M | $19.3M | ||
| Q2 24 | $4.5M | $29.7M |
毛利率PRLBSAFE
| Q1 26 | 45.6% | — | ||
| Q4 25 | 44.2% | 98.6% | ||
| Q3 25 | 45.3% | 98.5% | ||
| Q2 25 | 44.3% | 99.1% | ||
| Q1 25 | 44.1% | 98.8% | ||
| Q4 24 | 42.7% | 98.8% | ||
| Q3 24 | 45.6% | 98.8% | ||
| Q2 24 | 45.0% | 98.8% |
营业利润率PRLBSAFE
| Q1 26 | 7.1% | — | ||
| Q4 25 | 5.0% | 27.4% | ||
| Q3 25 | 6.5% | 25.9% | ||
| Q2 25 | 3.7% | 25.5% | ||
| Q1 25 | 3.6% | 25.9% | ||
| Q4 24 | -1.2% | 24.6% | ||
| Q3 24 | 6.8% | 17.5% | ||
| Q2 24 | 4.8% | 26.7% |
净利率PRLBSAFE
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 5.3% | 30.5% | ||
| Q2 25 | 3.3% | 29.8% | ||
| Q1 25 | 2.9% | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | 5.7% | 21.3% | ||
| Q2 24 | 3.6% | 33.0% |
每股收益（稀释后）PRLBSAFE
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.25 | $0.38 | ||
| Q3 25 | $0.30 | $0.41 | ||
| Q2 25 | $0.18 | $0.39 | ||
| Q1 25 | $0.15 | $0.41 | ||
| Q4 24 | $-0.01 | $0.36 | ||
| Q3 24 | $0.29 | $0.27 | ||
| Q2 24 | $0.18 | $0.42 |
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 | $21.7M |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $683.1M | $2.4B |
| 总资产 | $778.6M | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资PRLBSAFE
| Q1 26 | $124.0M | — | ||
| Q4 25 | $128.1M | $21.7M | ||
| Q3 25 | $119.2M | $12.1M | ||
| Q2 25 | $103.2M | $13.9M | ||
| Q1 25 | $96.8M | $17.3M | ||
| Q4 24 | $103.1M | $8.3M | ||
| Q3 24 | $100.5M | $15.6M | ||
| Q2 24 | $112.9M | $13.4M |
总债务PRLBSAFE
| Q1 26 | — | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B |
股东权益PRLBSAFE
| Q1 26 | $683.1M | — | ||
| Q4 25 | $673.9M | $2.4B | ||
| Q3 25 | $664.7M | $2.4B | ||
| Q2 25 | $664.7M | $2.4B | ||
| Q1 25 | $656.8M | $2.4B | ||
| Q4 24 | $670.2M | $2.3B | ||
| Q3 24 | $680.0M | $2.3B | ||
| Q2 24 | $685.2M | $2.3B |
总资产PRLBSAFE
| Q1 26 | $778.6M | — | ||
| Q4 25 | $763.4M | $7.2B | ||
| Q3 25 | $756.9M | $7.1B | ||
| Q2 25 | $743.3M | $7.1B | ||
| Q1 25 | $737.5M | $6.9B | ||
| Q4 24 | $743.5M | $6.9B | ||
| Q3 24 | $753.8M | $6.8B | ||
| Q2 24 | $758.2M | $6.8B |
负债/权益比PRLBSAFE
| Q1 26 | — | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× |
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 | $47.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.16× | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PRLBSAFE
| Q1 26 | $17.5M | — | ||
| Q4 25 | $16.5M | $47.8M | ||
| Q3 25 | $29.1M | $-1.4M | ||
| Q2 25 | $10.6M | $28.0M | ||
| Q1 25 | $18.4M | $8.9M | ||
| Q4 24 | $17.3M | $37.9M | ||
| Q3 24 | $24.8M | $8.3M | ||
| Q2 24 | $14.4M | $24.8M |
自由现金流PRLBSAFE
| Q1 26 | — | — | ||
| Q4 25 | $8.4M | — | ||
| Q3 25 | $25.0M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $17.1M | — | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $23.2M | — | ||
| Q2 24 | $10.2M | — |
自由现金流率PRLBSAFE
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 8.2% | — |
资本支出强度PRLBSAFE
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 3.3% | — |
现金转化率PRLBSAFE
| Q1 26 | 2.16× | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | 4.03× | -0.05× | ||
| Q2 25 | 2.39× | 1.00× | ||
| Q1 25 | 5.11× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.44× | 0.43× | ||
| Q2 24 | 3.18× | 0.83× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
