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Proto Labs Inc（PRLB）与INNOVATE Corp.（VATE）财务数据对比。点击上方公司名可切换其他公司
INNOVATE Corp.的季度营收约是Proto Labs Inc的2.8倍（$382.7M vs $136.5M）。INNOVATE Corp.同比增速更快（61.7% vs 12.1%）。过去两年INNOVATE Corp.的营收复合增速更高（10.2% vs 3.3%）
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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
PRLB vs VATE — 直观对比
营收规模更大
VATE
是对方的2.8倍
$136.5M
营收增速更快
VATE
高出49.6%
12.1%
两年增速更快
VATE
近两年复合增速
3.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $136.5M | $382.7M |
| 净利润 | — | $-7.4M |
| 毛利率 | 44.2% | 15.4% |
| 营业利润率 | 5.0% | 3.7% |
| 净利率 | — | -1.9% |
| 营收同比 | 12.1% | 61.7% |
| 净利润同比 | — | 55.4% |
| 每股收益（稀释后） | $0.25 | $-0.57 |
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PRLBVATE
| Q4 25 | $136.5M | $382.7M | ||
| Q3 25 | $135.4M | $347.1M | ||
| Q2 25 | $135.1M | $242.0M | ||
| Q1 25 | $126.2M | $274.2M | ||
| Q4 24 | $121.8M | $236.6M | ||
| Q3 24 | $125.6M | $242.2M | ||
| Q2 24 | $125.6M | $313.1M | ||
| Q1 24 | $127.9M | $315.2M |
净利润PRLBVATE
| Q4 25 | — | $-7.4M | ||
| Q3 25 | $7.2M | $-8.9M | ||
| Q2 25 | $4.4M | $-19.8M | ||
| Q1 25 | $3.6M | $-24.5M | ||
| Q4 24 | — | $-16.6M | ||
| Q3 24 | $7.2M | $-15.0M | ||
| Q2 24 | $4.5M | $14.4M | ||
| Q1 24 | $5.3M | $-17.4M |
毛利率PRLBVATE
| Q4 25 | 44.2% | 15.4% | ||
| Q3 25 | 45.3% | 14.3% | ||
| Q2 25 | 44.3% | 18.8% | ||
| Q1 25 | 44.1% | 16.6% | ||
| Q4 24 | 42.7% | 19.6% | ||
| Q3 24 | 45.6% | 19.9% | ||
| Q2 24 | 45.0% | 21.0% | ||
| Q1 24 | 44.9% | 15.4% |
营业利润率PRLBVATE
| Q4 25 | 5.0% | 3.7% | ||
| Q3 25 | 6.5% | 1.8% | ||
| Q2 25 | 3.7% | 2.0% | ||
| Q1 25 | 3.6% | 1.2% | ||
| Q4 24 | -1.2% | 1.1% | ||
| Q3 24 | 6.8% | 2.4% | ||
| Q2 24 | 4.8% | 9.2% | ||
| Q1 24 | 5.3% | 0.9% |
净利率PRLBVATE
| Q4 25 | — | -1.9% | ||
| Q3 25 | 5.3% | -2.6% | ||
| Q2 25 | 3.3% | -8.2% | ||
| Q1 25 | 2.9% | -8.9% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | 5.7% | -6.2% | ||
| Q2 24 | 3.6% | 4.6% | ||
| Q1 24 | 4.1% | -5.5% |
每股收益（稀释后）PRLBVATE
| Q4 25 | $0.25 | $-0.57 | ||
| Q3 25 | $0.30 | $-0.71 | ||
| Q2 25 | $0.18 | $-1.67 | ||
| Q1 25 | $0.15 | $-1.89 | ||
| Q4 24 | $-0.01 | $-0.72 | ||
| Q3 24 | $0.29 | $-1.18 | ||
| Q2 24 | $0.18 | $1.03 | ||
| Q1 24 | $0.20 | $-2.21 |
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 | $128.1M | $112.1M |
| 总债务越低越好 | — | $80.3M |
| 股东权益账面价值 | $673.9M | $-240.1M |
| 总资产 | $763.4M | $950.1M |
| 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PRLBVATE
| Q4 25 | $128.1M | $112.1M | ||
| Q3 25 | $119.2M | $35.5M | ||
| Q2 25 | $103.2M | $33.4M | ||
| Q1 25 | $96.8M | $33.3M | ||
| Q4 24 | $103.1M | $48.8M | ||
| Q3 24 | $100.5M | $51.0M | ||
| Q2 24 | $112.9M | $80.2M | ||
| Q1 24 | $109.7M | $38.4M |
总债务PRLBVATE
| Q4 25 | — | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | — | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M | ||
| Q1 24 | — | $641.5M |
股东权益PRLBVATE
| Q4 25 | $673.9M | $-240.1M | ||
| Q3 25 | $664.7M | $-233.3M | ||
| Q2 25 | $664.7M | $-224.8M | ||
| Q1 25 | $656.8M | $-204.2M | ||
| Q4 24 | $670.2M | $-180.4M | ||
| Q3 24 | $680.0M | $-163.1M | ||
| Q2 24 | $685.2M | $-149.0M | ||
| Q1 24 | $687.3M | $-184.4M |
总资产PRLBVATE
| Q4 25 | $763.4M | $950.1M | ||
| Q3 25 | $756.9M | $913.2M | ||
| Q2 25 | $743.3M | $890.9M | ||
| Q1 25 | $737.5M | $868.0M | ||
| Q4 24 | $743.5M | $891.1M | ||
| Q3 24 | $753.8M | $897.2M | ||
| Q2 24 | $758.2M | $898.9M | ||
| Q1 24 | $769.8M | $943.5M |
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 | $16.5M | $101.1M |
| 自由现金流经营现金流 - 资本支出 | $8.4M | — |
| 自由现金流率自由现金流/营收 | 6.2% | — |
| 资本支出强度资本支出/营收 | 5.9% | — |
| 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 | $59.7M | — |
8季度趋势，按日历期对齐
经营现金流PRLBVATE
| Q4 25 | $16.5M | $101.1M | ||
| Q3 25 | $29.1M | $19.2M | ||
| Q2 25 | $10.6M | $40.4M | ||
| Q1 25 | $18.4M | $-14.1M | ||
| Q4 24 | $17.3M | $41.4M | ||
| Q3 24 | $24.8M | $-28.4M | ||
| Q2 24 | $14.4M | $21.5M | ||
| Q1 24 | $21.3M | $-25.4M |
自由现金流PRLBVATE
| Q4 25 | $8.4M | — | ||
| Q3 25 | $25.0M | $19.0M | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $17.1M | $-18.8M | ||
| Q4 24 | $16.5M | $34.2M | ||
| Q3 24 | $23.2M | $-31.5M | ||
| Q2 24 | $10.2M | $18.4M | ||
| Q1 24 | $18.8M | $-31.0M |
自由现金流率PRLBVATE
| Q4 25 | 6.2% | — | ||
| Q3 25 | 18.5% | 5.5% | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 13.6% | -6.9% | ||
| Q4 24 | 13.5% | 14.5% | ||
| Q3 24 | 18.5% | -13.0% | ||
| Q2 24 | 8.2% | 5.9% | ||
| Q1 24 | 14.7% | -9.8% |
资本支出强度PRLBVATE
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.0% | 0.1% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.0% | 1.7% | ||
| Q4 24 | 0.7% | 3.0% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 3.3% | 1.0% | ||
| Q1 24 | 2.0% | 1.8% |
现金转化率PRLBVATE
| Q4 25 | — | — | ||
| Q3 25 | 4.03× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 5.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.44× | — | ||
| Q2 24 | 3.18× | 1.49× | ||
| Q1 24 | 4.05× | — |
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 Firstcut | $65.5M | 48% |
| Injection Molding Protomold | $47.6M | 35% |
| Three D Printing Fineline | $18.8M | 14% |
| Sheet Metal | $4.4M | 3% |
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
