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POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是POWER SOLUTIONS INTERNATIONAL, INC.的1.5倍（$281.9M vs $191.2M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs -12.8%，领先21.2%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 6.7%），印度钢铁管理局自由现金流更多（$52.5M vs $-7.6M）
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
PSIX vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.5倍
$191.2M
营收增速更快
PSIX
高出25.9%
6.7%
净利率更高
PSIX
高出21.2%
-12.8%
自由现金流更多
SAIL
多$60.2M
$-7.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $191.2M | $281.9M |
| 净利润 | $16.1M | $-36.0M |
| 毛利率 | 21.9% | 66.3% |
| 营业利润率 | 12.7% | -14.8% |
| 净利率 | 8.4% | -12.8% |
| 营收同比 | 32.5% | 6.7% |
| 净利润同比 | -31.0% | -240.9% |
| 每股收益（稀释后） | $0.69 | $-0.06 |
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PSIXSAIL
| Q4 25 | $191.2M | $281.9M | ||
| Q3 25 | $203.8M | $264.4M | ||
| Q2 25 | $191.9M | $230.5M | ||
| Q1 25 | $135.4M | $240.1M | ||
| Q4 24 | $144.3M | — | ||
| Q3 24 | $125.8M | $198.6M | ||
| Q2 24 | $110.6M | $187.7M | ||
| Q1 24 | $95.2M | — |
净利润PSIXSAIL
| Q4 25 | $16.1M | $-36.0M | ||
| Q3 25 | $27.6M | $-10.6M | ||
| Q2 25 | $51.2M | $-187.3M | ||
| Q1 25 | $19.1M | $-80.1M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $17.3M | $-87.1M | ||
| Q2 24 | $21.5M | $-89.2M | ||
| Q1 24 | $7.1M | — |
毛利率PSIXSAIL
| Q4 25 | 21.9% | 66.3% | ||
| Q3 25 | 23.9% | 67.3% | ||
| Q2 25 | 28.2% | 55.4% | ||
| Q1 25 | 29.7% | 66.5% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 28.9% | 62.1% | ||
| Q2 24 | 31.8% | 61.5% | ||
| Q1 24 | 27.0% | — |
营业利润率PSIXSAIL
| Q4 25 | 12.7% | -14.8% | ||
| Q3 25 | 13.9% | -15.4% | ||
| Q2 25 | 16.9% | -80.3% | ||
| Q1 25 | 18.2% | -12.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 16.3% | -33.2% | ||
| Q2 24 | 22.9% | -36.3% | ||
| Q1 24 | 11.2% | — |
净利率PSIXSAIL
| Q4 25 | 8.4% | -12.8% | ||
| Q3 25 | 13.5% | -4.0% | ||
| Q2 25 | 26.7% | -81.3% | ||
| Q1 25 | 14.1% | -33.4% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 13.8% | -43.9% | ||
| Q2 24 | 19.5% | -47.5% | ||
| Q1 24 | 7.5% | — |
每股收益（稀释后）PSIXSAIL
| Q4 25 | $0.69 | $-0.06 | ||
| Q3 25 | $1.20 | $-0.02 | ||
| Q2 25 | $2.22 | $-0.42 | ||
| Q1 25 | $0.83 | $-6.50 | ||
| Q4 24 | $1.01 | — | ||
| Q3 24 | $0.75 | $-2.97 | ||
| Q2 24 | $0.94 | $-0.77 | ||
| Q1 24 | $0.31 | — |
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 | $41.3M | $298.1M |
| 总债务越低越好 | $96.6M | $0 |
| 股东权益账面价值 | $178.6M | $6.8B |
| 总资产 | $424.7M | $7.5B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PSIXSAIL
| Q4 25 | $41.3M | $298.1M | ||
| Q3 25 | $49.0M | $271.1M | ||
| Q2 25 | $49.5M | $228.1M | ||
| Q1 25 | $50.0M | $121.3M | ||
| Q4 24 | $55.3M | — | ||
| Q3 24 | $40.5M | $89.7M | ||
| Q2 24 | $28.8M | $146.8M | ||
| Q1 24 | $33.1M | — |
总债务PSIXSAIL
| Q4 25 | $96.6M | $0 | ||
| Q3 25 | $96.7M | $0 | ||
| Q2 25 | $1.8M | $0 | ||
| Q1 25 | $1.0M | $1.0B | ||
| Q4 24 | $184.0K | — | ||
| Q3 24 | $238.0K | — | ||
| Q2 24 | $292.0K | — | ||
| Q1 24 | $345.0K | — |
股东权益PSIXSAIL
| Q4 25 | $178.6M | $6.8B | ||
| Q3 25 | $162.5M | $6.8B | ||
| Q2 25 | $135.7M | $6.8B | ||
| Q1 25 | $84.3M | $-5.6B | ||
| Q4 24 | $65.3M | — | ||
| Q3 24 | $42.1M | $-701.3M | ||
| Q2 24 | $24.8M | $-622.5M | ||
| Q1 24 | $3.2M | — |
总资产PSIXSAIL
| Q4 25 | $424.7M | $7.5B | ||
| Q3 25 | $458.9M | $7.4B | ||
| Q2 25 | $437.7M | $7.4B | ||
| Q1 25 | $372.7M | $7.4B | ||
| Q4 24 | $328.2M | — | ||
| Q3 24 | $339.1M | — | ||
| Q2 24 | $307.6M | — | ||
| Q1 24 | $286.8M | — |
负债/权益比PSIXSAIL
| Q4 25 | 0.54× | 0.00× | ||
| Q3 25 | 0.60× | 0.00× | ||
| Q2 25 | 0.01× | 0.00× | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 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 | $-4.6M | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | $52.5M |
| 自由现金流率自由现金流/营收 | -4.0% | 18.6% |
| 资本支出强度资本支出/营收 | 1.6% | 0.4% |
| 现金转化率经营现金流/净利润 | -0.29× | — |
| 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PSIXSAIL
| Q4 25 | $-4.6M | $53.6M | ||
| Q3 25 | $3.3M | $49.9M | ||
| Q2 25 | $16.7M | $-96.8M | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $12.6M | — | ||
| Q2 24 | $1.5M | $-55.4M | ||
| Q1 24 | $15.6M | — |
自由现金流PSIXSAIL
| Q4 25 | $-7.6M | $52.5M | ||
| Q3 25 | $1.7M | $49.0M | ||
| Q2 25 | $14.6M | $-99.0M | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $12.1M | — | ||
| Q2 24 | $822.0K | $-56.0M | ||
| Q1 24 | $14.8M | — |
自由现金流率PSIXSAIL
| Q4 25 | -4.0% | 18.6% | ||
| Q3 25 | 0.8% | 18.5% | ||
| Q2 25 | 7.6% | -43.0% | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 0.7% | -29.8% | ||
| Q1 24 | 15.6% | — |
资本支出强度PSIXSAIL
| Q4 25 | 1.6% | 0.4% | ||
| Q3 25 | 0.8% | 0.4% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 0.9% | — |
现金转化率PSIXSAIL
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 2.20× | — |
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
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
