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SOLAREDGE TECHNOLOGIES, INC.（SEDG）与T1 Energy Inc.（TE）财务数据对比。点击上方公司名可切换其他公司
SOLAREDGE TECHNOLOGIES, INC.的季度营收约是T1 Energy Inc.的1.6倍（$335.4M vs $210.5M），SOLAREDGE TECHNOLOGIES, INC.净利率更高（-39.4% vs -62.0%，领先22.6%），T1 Energy Inc.自由现金流更多（$55.0M vs $43.3M）
SolarEdge Technologies是一家以色列新能源科技企业，核心研发并推出了直流优化逆变器系统，该方案可提升光伏发电的能效表现，助力光伏系统实现更稳定、高效的电力转换，在全球分布式光伏领域拥有广泛的应用场景和市场认可度。
索尼能源设备株式会社是隶属于索尼集团设备事业部的全资子公司，是一家日本跨国企业，深耕能源产业多领域业务。该公司1975年2月在日本福岛成立，依托索尼的技术积累，在能源相关产品研发、生产及商业化方面具备行业领先实力。
SEDG vs TE — 直观对比
营收规模更大
SEDG
是对方的1.6倍
$210.5M
净利率更高
SEDG
高出22.6%
-62.0%
自由现金流更多
TE
多$11.6M
$43.3M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.4M | $210.5M |
| 净利润 | $-132.1M | $-130.6M |
| 毛利率 | 22.2% | 10.0% |
| 营业利润率 | -14.4% | -45.0% |
| 净利率 | -39.4% | -62.0% |
| 营收同比 | 70.9% | — |
| 净利润同比 | 54.0% | -375.2% |
| 每股收益（稀释后） | $-2.21 | $-0.87 |
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SEDGTE
| Q4 25 | $335.4M | — | ||
| Q3 25 | $340.2M | $210.5M | ||
| Q2 25 | $289.4M | $132.8M | ||
| Q1 25 | $219.5M | $53.5M | ||
| Q4 24 | $196.2M | — | ||
| Q3 24 | $235.4M | $0 | ||
| Q2 24 | $265.4M | $0 | ||
| Q1 24 | $204.4M | $0 |
净利润SEDGTE
| Q4 25 | $-132.1M | — | ||
| Q3 25 | $-50.1M | $-130.6M | ||
| Q2 25 | $-124.7M | $-31.9M | ||
| Q1 25 | $-98.5M | $-16.2M | ||
| Q4 24 | $-287.4M | — | ||
| Q3 24 | $-1.2B | $-27.5M | ||
| Q2 24 | $-130.8M | $-27.0M | ||
| Q1 24 | $-157.3M | $-28.5M |
毛利率SEDGTE
| Q4 25 | 22.2% | — | ||
| Q3 25 | 21.2% | 10.0% | ||
| Q2 25 | 11.1% | 24.7% | ||
| Q1 25 | 8.0% | 33.3% | ||
| Q4 24 | -57.2% | — | ||
| Q3 24 | -309.1% | — | ||
| Q2 24 | -4.1% | — | ||
| Q1 24 | -12.8% | — |
营业利润率SEDGTE
| Q4 25 | -14.4% | — | ||
| Q3 25 | -10.3% | -45.0% | ||
| Q2 25 | -39.9% | -22.0% | ||
| Q1 25 | -46.8% | -44.2% | ||
| Q4 24 | -134.4% | — | ||
| Q3 24 | -471.8% | — | ||
| Q2 24 | -60.4% | — | ||
| Q1 24 | -85.0% | — |
净利率SEDGTE
| Q4 25 | -39.4% | — | ||
| Q3 25 | -14.7% | -62.0% | ||
| Q2 25 | -43.1% | -24.0% | ||
| Q1 25 | -44.9% | -30.4% | ||
| Q4 24 | -146.5% | — | ||
| Q3 24 | -522.8% | — | ||
| Q2 24 | -49.3% | — | ||
| Q1 24 | -77.0% | — |
每股收益（稀释后）SEDGTE
| Q4 25 | $-2.21 | — | ||
| Q3 25 | $-0.84 | $-0.87 | ||
| Q2 25 | $-2.13 | $-0.21 | ||
| Q1 25 | $-1.70 | $-0.11 | ||
| Q4 24 | $-5.00 | — | ||
| Q3 24 | $-21.58 | $-0.20 | ||
| Q2 24 | $-2.31 | $-0.19 | ||
| Q1 24 | $-2.75 | $-0.20 |
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 | $493.2M | $34.1M |
| 总债务越低越好 | — | $547.3M |
| 股东权益账面价值 | $427.5M | $96.9M |
| 总资产 | $2.2B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 5.65× |
8季度趋势，按日历期对齐
现金及短期投资SEDGTE
| Q4 25 | $493.2M | — | ||
| Q3 25 | $498.6M | $34.1M | ||
| Q2 25 | $758.0M | $8.5M | ||
| Q1 25 | $651.6M | $48.9M | ||
| Q4 24 | $585.9M | — | ||
| Q3 24 | $678.8M | $181.9M | ||
| Q2 24 | $689.8M | $219.6M | ||
| Q1 24 | $680.6M | $249.9M |
总债务SEDGTE
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
股东权益SEDGTE
| Q4 25 | $427.5M | — | ||
| Q3 25 | $479.8M | $96.9M | ||
| Q2 25 | $513.2M | $183.9M | ||
| Q1 25 | $594.2M | $201.9M | ||
| Q4 24 | $658.3M | — | ||
| Q3 24 | $930.9M | $538.7M | ||
| Q2 24 | $2.1B | $561.6M | ||
| Q1 24 | $2.2B | $582.3M |
总资产SEDGTE
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.8B | $615.0M | ||
| Q2 24 | $3.9B | $644.4M | ||
| Q1 24 | $4.2B | $670.3M |
负债/权益比SEDGTE
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $52.6M | $63.9M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $55.0M |
| 自由现金流率自由现金流/营收 | 12.9% | 26.1% |
| 资本支出强度资本支出/营收 | 2.8% | 4.2% |
| 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 | $80.8M | $-42.3M |
8季度趋势，按日历期对齐
经营现金流SEDGTE
| Q4 25 | $52.6M | — | ||
| Q3 25 | $25.6M | $63.9M | ||
| Q2 25 | $-7.8M | $33.4M | ||
| Q1 25 | $33.8M | $-44.8M | ||
| Q4 24 | $37.8M | — | ||
| Q3 24 | $-89.3M | $-28.4M | ||
| Q2 24 | $-44.8M | $-28.0M | ||
| Q1 24 | $-217.0M | $-16.2M |
自由现金流SEDGTE
| Q4 25 | $43.3M | — | ||
| Q3 25 | $22.8M | $55.0M | ||
| Q2 25 | $-9.1M | $10.6M | ||
| Q1 25 | $23.7M | $-74.0M | ||
| Q4 24 | $25.5M | — | ||
| Q3 24 | $-136.7M | $-34.0M | ||
| Q2 24 | $-67.0M | $-35.6M | ||
| Q1 24 | $-243.4M | $-37.7M |
自由现金流率SEDGTE
| Q4 25 | 12.9% | — | ||
| Q3 25 | 6.7% | 26.1% | ||
| Q2 25 | -3.1% | 8.0% | ||
| Q1 25 | 10.8% | -138.4% | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -58.1% | — | ||
| Q2 24 | -25.2% | — | ||
| Q1 24 | -119.1% | — |
资本支出强度SEDGTE
| Q4 25 | 2.8% | — | ||
| Q3 25 | 0.8% | 4.2% | ||
| Q2 25 | 0.4% | 17.2% | ||
| Q1 25 | 4.6% | 54.5% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 12.9% | — |
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
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
