vs
Perimeter Solutions, Inc.（PRM）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
Perimeter Solutions, Inc.的季度营收约是SunPower Inc.的1.3倍（$102.8M vs $79.7M），SunPower Inc.净利率更高（-17.8% vs -136.5%，领先118.7%），Perimeter Solutions, Inc.同比增速更快（19.2% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% vs 31.9%）
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
PRM vs SPWR — 直观对比
营收规模更大
PRM
是对方的1.3倍
$79.7M
营收增速更快
PRM
高出29.2%
-10.1%
净利率更高
SPWR
高出118.7%
-136.5%
两年增速更快
SPWR
近两年复合增速
31.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.8M | $79.7M |
| 净利润 | $-140.2M | $-14.2M |
| 毛利率 | 45.2% | 35.5% |
| 营业利润率 | -160.7% | -27.4% |
| 净利率 | -136.5% | -17.8% |
| 营收同比 | 19.2% | -10.1% |
| 净利润同比 | -197.3% | -130.1% |
| 每股收益（稀释后） | $-0.89 | $-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PRMSPWR
| Q4 25 | $102.8M | $79.7M | ||
| Q3 25 | $315.4M | $22.0M | ||
| Q2 25 | $162.6M | $67.5M | ||
| Q1 25 | $72.0M | $82.7M | ||
| Q4 24 | $86.2M | $88.7M | ||
| Q3 24 | $288.4M | — | ||
| Q2 24 | $127.3M | — | ||
| Q1 24 | $59.0M | — |
净利润PRMSPWR
| Q4 25 | $-140.2M | $-14.2M | ||
| Q3 25 | $-90.7M | $-16.9M | ||
| Q2 25 | $-32.2M | $-22.4M | ||
| Q1 25 | $56.7M | $8.1M | ||
| Q4 24 | $144.2M | $47.0M | ||
| Q3 24 | $-89.2M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $-82.6M | — |
毛利率PRMSPWR
| Q4 25 | 45.2% | 35.5% | ||
| Q3 25 | 63.1% | — | ||
| Q2 25 | 62.4% | 42.6% | ||
| Q1 25 | 39.1% | 48.5% | ||
| Q4 24 | 48.6% | 46.5% | ||
| Q3 24 | 62.8% | — | ||
| Q2 24 | 57.6% | — | ||
| Q1 24 | 35.1% | — |
营业利润率PRMSPWR
| Q4 25 | -160.7% | -27.4% | ||
| Q3 25 | -27.7% | -15.7% | ||
| Q2 25 | -16.1% | -4.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 71.1% | -24.2% | ||
| Q3 24 | -12.2% | — | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | -126.8% | — |
净利率PRMSPWR
| Q4 25 | -136.5% | -17.8% | ||
| Q3 25 | -28.7% | -76.9% | ||
| Q2 25 | -19.8% | -33.2% | ||
| Q1 25 | 78.7% | 9.8% | ||
| Q4 24 | 167.2% | 53.0% | ||
| Q3 24 | -30.9% | — | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | -139.8% | — |
每股收益（稀释后）PRMSPWR
| Q4 25 | $-0.89 | $-0.05 | ||
| Q3 25 | $-0.62 | $-0.19 | ||
| Q2 25 | $-0.22 | $-0.28 | ||
| Q1 25 | $0.36 | $0.00 | ||
| Q4 24 | $1.00 | $0.27 | ||
| Q3 24 | $-0.61 | — | ||
| Q2 24 | $0.14 | — | ||
| Q1 24 | $-0.57 | — |
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 | $325.9M | $9.6M |
| 总债务越低越好 | $669.1M | $164.8M |
| 股东权益账面价值 | $1.1B | $-90.1M |
| 总资产 | $2.7B | $241.2M |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资PRMSPWR
| Q4 25 | $325.9M | $9.6M | ||
| Q3 25 | $340.6M | $5.1M | ||
| Q2 25 | $140.7M | $11.1M | ||
| Q1 25 | $200.1M | $10.6M | ||
| Q4 24 | $198.5M | $13.4M | ||
| Q3 24 | $223.1M | — | ||
| Q2 24 | $43.2M | — | ||
| Q1 24 | $38.7M | — |
总债务PRMSPWR
| Q4 25 | $669.1M | $164.8M | ||
| Q3 25 | $668.8M | $204.3M | ||
| Q2 25 | $668.4M | $152.9M | ||
| Q1 25 | $668.1M | — | ||
| Q4 24 | $667.8M | $147.3M | ||
| Q3 24 | $667.4M | — | ||
| Q2 24 | $667.1M | — | ||
| Q1 24 | $666.8M | — |
股东权益PRMSPWR
| Q4 25 | $1.1B | $-90.1M | ||
| Q3 25 | $1.1B | $-112.3M | ||
| Q2 25 | $1.2B | $-107.2M | ||
| Q1 25 | $1.2B | $-89.0M | ||
| Q4 24 | $1.2B | $-97.5M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总资产PRMSPWR
| Q4 25 | $2.7B | $241.2M | ||
| Q3 25 | $2.6B | $208.3M | ||
| Q2 25 | $2.5B | $163.1M | ||
| Q1 25 | $2.4B | $147.8M | ||
| Q4 24 | $2.4B | $144.5M | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
负债/权益比PRMSPWR
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.63× | — |
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 | $18.6M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 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 | $208.6M | — |
8季度趋势，按日历期对齐
经营现金流PRMSPWR
| Q4 25 | $18.6M | $-1.9M | ||
| Q3 25 | $198.7M | $-6.4M | ||
| Q2 25 | $-2.9M | $-4.4M | ||
| Q1 25 | $23.7M | $-2.6M | ||
| Q4 24 | $-6.0M | $-25.6M | ||
| Q3 24 | $183.0M | — | ||
| Q2 24 | $8.6M | — | ||
| Q1 24 | $2.8M | — |
自由现金流PRMSPWR
| Q4 25 | $11.6M | — | ||
| Q3 25 | $193.6M | — | ||
| Q2 25 | $-15.6M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $-12.4M | — | ||
| Q3 24 | $179.1M | — | ||
| Q2 24 | $5.0M | — | ||
| Q1 24 | $1.2M | — |
自由现金流率PRMSPWR
| Q4 25 | 11.3% | — | ||
| Q3 25 | 61.4% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | -14.4% | — | ||
| Q3 24 | 62.1% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 2.1% | — |
资本支出强度PRMSPWR
| Q4 25 | 6.8% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.6% | — |
现金转化率PRMSPWR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.42× | -0.32× | ||
| Q4 24 | -0.04× | -0.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.40× | — | ||
| Q1 24 | — | — |
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
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
