vs
极星（PSNY）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是极星的1.4倍（$969.8M vs $685.2M），天宝净利率更高（16.1% vs -44.4%，领先60.5%），天宝自由现金流更多（$360.9M vs $-709.7M）
极星（Polestar）是瑞典电动汽车制造商，由李书福旗下PSD投资、吉利控股和沃尔沃汽车共同控股，总部位于瑞典哥德堡郊外的托斯兰达。品牌采用轻资产模式开展研发与生产，没有自建工厂，车辆在沃尔沃或吉利位于中国等多个国家的工厂制造。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
PSNY vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.4倍
$685.2M
净利率更高
TRMB
高出60.5%
-44.4%
自由现金流更多
TRMB
多$1.1B
$-709.7M
损益表 — Q2 FY2023 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.2M | $969.8M |
| 净利润 | $-304.1M | $156.6M |
| 毛利率 | -0.1% | 72.0% |
| 营业利润率 | -72.6% | 22.3% |
| 净利率 | -44.4% | 16.1% |
| 营收同比 | — | -73.7% |
| 净利润同比 | — | 73.6% |
| 每股收益（稀释后） | $-0.14 | $0.65 |
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PSNYTRMB
| Q4 25 | — | $901.2M | ||
| Q3 25 | — | $875.7M | ||
| Q2 25 | — | $840.6M | ||
| Q1 25 | — | $983.4M | ||
| Q3 24 | — | $875.8M | ||
| Q2 24 | — | $870.8M | ||
| Q1 24 | — | $953.3M | ||
| Q2 23 | $685.2M | — |
净利润PSNYTRMB
| Q4 25 | — | $111.5M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $66.7M | ||
| Q1 25 | — | $90.2M | ||
| Q3 24 | — | $40.6M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $57.2M | ||
| Q2 23 | $-304.1M | — |
毛利率PSNYTRMB
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 68.3% | ||
| Q2 25 | — | 66.7% | ||
| Q1 25 | — | 69.3% | ||
| Q3 24 | — | 65.7% | ||
| Q2 24 | — | 62.7% | ||
| Q1 24 | — | 62.3% | ||
| Q2 23 | -0.1% | — |
营业利润率PSNYTRMB
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 17.6% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 11.5% | ||
| Q2 23 | -72.6% | — |
净利率PSNYTRMB
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 9.2% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 151.2% | ||
| Q1 24 | — | 6.0% | ||
| Q2 23 | -44.4% | — |
每股收益（稀释后）PSNYTRMB
| Q4 25 | — | $0.46 | ||
| Q3 25 | — | $0.37 | ||
| Q2 25 | — | $0.27 | ||
| Q1 25 | — | $0.36 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $5.34 | ||
| Q1 24 | — | $0.23 | ||
| Q2 23 | $-0.14 | — |
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 | $1.1B | $253.4M |
| 总债务越低越好 | $1.6B | $1.4B |
| 股东权益账面价值 | $-456.3M | $5.8B |
| 总资产 | $4.3B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资PSNYTRMB
| Q4 25 | — | $232.7M | ||
| Q3 25 | — | $265.9M | ||
| Q2 25 | — | $290.0M | ||
| Q1 25 | — | $738.8M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $944.1M | ||
| Q1 24 | — | $255.1M | ||
| Q2 23 | $1.1B | — |
总债务PSNYTRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q2 23 | $1.6B | — |
股东权益PSNYTRMB
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | — | $4.3B | ||
| Q2 23 | $-456.3M | — |
总资产PSNYTRMB
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.5B | ||
| Q3 24 | — | $9.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $9.3B | ||
| Q2 23 | $4.3B | — |
负债/权益比PSNYTRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q2 23 | — | — |
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 | $-666.7M | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $-709.7M | $360.9M |
| 自由现金流率自由现金流/营收 | -103.6% | 37.2% |
| 资本支出强度资本支出/营收 | 6.3% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.47× |
| 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PSNYTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | $123.8M | ||
| Q2 25 | — | $155.6M | ||
| Q1 25 | — | $115.1M | ||
| Q3 24 | — | $94.9M | ||
| Q2 24 | — | $87.6M | ||
| Q1 24 | — | $233.8M | ||
| Q2 23 | $-666.7M | — |
自由现金流PSNYTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | $116.6M | ||
| Q2 25 | — | $149.0M | ||
| Q1 25 | — | $109.0M | ||
| Q3 24 | — | $88.5M | ||
| Q2 24 | — | $73.3M | ||
| Q1 24 | — | $227.0M | ||
| Q2 23 | $-709.7M | — |
自由现金流率PSNYTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 11.1% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 23.8% | ||
| Q2 23 | -103.6% | — |
资本支出强度PSNYTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.7% | ||
| Q2 23 | 6.3% | — |
现金转化率PSNYTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 4.09× | ||
| Q2 23 | — | — |
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
PSNY
暂无分部数据
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
