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SHOULDER INNOVATIONS, INC.（SI）与Spire Global, Inc.（SPIR）财务数据对比。点击上方公司名可切换其他公司
Spire Global, Inc.的季度营收约是SHOULDER INNOVATIONS, INC.的1.3倍（$15.8M vs $11.8M），SHOULDER INNOVATIONS, INC.净利率更高（-74.3% vs -176.6%，领先102.4%），SHOULDER INNOVATIONS, INC.自由现金流更多（$-11.4M vs $-16.2M）
Shoulder Innovations Inc是一家专注于肩关节置换手术相关骨科医疗器械研发、生产与商业化的医疗科技企业，旗下产品可降低手术并发症风险、优化患者预后，主要面向北美、西欧等市场的骨科医师及医疗机构发售。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
SI vs SPIR — 直观对比
营收规模更大
SPIR
是对方的1.3倍
$11.8M
净利率更高
SI
高出102.4%
-176.6%
自由现金流更多
SI
多$4.8M
$-16.2M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.8M | $15.8M |
| 净利润 | $-8.7M | $-28.0M |
| 毛利率 | 76.2% | 40.2% |
| 营业利润率 | -65.0% | -164.1% |
| 净利率 | -74.3% | -176.6% |
| 营收同比 | — | -26.9% |
| 净利润同比 | — | 42.7% |
| 每股收益（稀释后） | $-0.64 | $-0.85 |
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SISPIR
| Q4 25 | — | $15.8M | ||
| Q3 25 | $11.8M | $12.7M | ||
| Q2 25 | $11.0M | $19.2M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | — | $21.7M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $25.4M | ||
| Q1 24 | — | $34.8M |
净利润SISPIR
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-8.7M | $-19.7M | ||
| Q2 25 | $-19.2M | $119.6M | ||
| Q1 25 | — | $-20.7M | ||
| Q4 24 | — | $-48.8M | ||
| Q3 24 | — | $-12.5M | ||
| Q2 24 | — | $-16.6M | ||
| Q1 24 | — | $-25.5M |
毛利率SISPIR
| Q4 25 | — | 40.2% | ||
| Q3 25 | 76.2% | 36.6% | ||
| Q2 25 | 76.2% | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
营业利润率SISPIR
| Q4 25 | — | -164.1% | ||
| Q3 25 | -65.0% | -166.1% | ||
| Q2 25 | -53.2% | -122.7% | ||
| Q1 25 | — | -106.5% | ||
| Q4 24 | — | -144.1% | ||
| Q3 24 | — | -48.0% | ||
| Q2 24 | — | -48.6% | ||
| Q1 24 | — | -34.4% |
净利率SISPIR
| Q4 25 | — | -176.6% | ||
| Q3 25 | -74.3% | -155.3% | ||
| Q2 25 | -174.3% | 623.4% | ||
| Q1 25 | — | -86.5% | ||
| Q4 24 | — | -225.2% | ||
| Q3 24 | — | -43.7% | ||
| Q2 24 | — | -65.2% | ||
| Q1 24 | — | -73.3% |
每股收益（稀释后）SISPIR
| Q4 25 | — | $-0.85 | ||
| Q3 25 | $-0.64 | $-0.61 | ||
| Q2 25 | $-165.53 | $3.72 | ||
| Q1 25 | — | $-0.77 | ||
| Q4 24 | — | $-1.93 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.68 | ||
| Q1 24 | — | $-1.17 |
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 | $54.9M | $81.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $147.8M | $112.9M |
| 总资产 | $177.8M | $211.0M |
| 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SISPIR
| Q4 25 | — | $81.8M | ||
| Q3 25 | $54.9M | $96.8M | ||
| Q2 25 | $27.1M | $117.6M | ||
| Q1 25 | — | $35.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | — | $36.6M | ||
| Q2 24 | — | $45.8M | ||
| Q1 24 | — | $63.7M |
总债务SISPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
股东权益SISPIR
| Q4 25 | — | $112.9M | ||
| Q3 25 | $147.8M | $133.1M | ||
| Q2 25 | $-78.2M | $149.2M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | — | $-11.7M | ||
| Q3 24 | — | $30.8M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $52.5M |
总资产SISPIR
| Q4 25 | — | $211.0M | ||
| Q3 25 | $177.8M | $224.3M | ||
| Q2 25 | $77.8M | $239.5M | ||
| Q1 25 | — | $208.8M | ||
| Q4 24 | — | $193.6M | ||
| Q3 24 | — | $224.2M | ||
| Q2 24 | — | $230.8M | ||
| Q1 24 | — | $252.3M |
负债/权益比SISPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-8.6M | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | $-11.4M | $-16.2M |
| 自由现金流率自由现金流/营收 | -96.7% | -102.1% |
| 资本支出强度资本支出/营收 | 23.9% | 75.1% |
| 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 | — | $-92.6M |
8季度趋势，按日历期对齐
经营现金流SISPIR
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $-8.6M | $-12.0M | ||
| Q2 25 | $-11.3M | $-35.1M | ||
| Q1 25 | — | $-8.4M | ||
| Q4 24 | — | $-19.2M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $-4.4M | ||
| Q1 24 | — | $-8.8M |
自由现金流SISPIR
| Q4 25 | — | $-16.2M | ||
| Q3 25 | $-11.4M | $-20.4M | ||
| Q2 25 | $-13.6M | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
自由现金流率SISPIR
| Q4 25 | — | -102.1% | ||
| Q3 25 | -96.7% | -161.3% | ||
| Q2 25 | -123.4% | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
资本支出强度SISPIR
| Q4 25 | — | 75.1% | ||
| Q3 25 | 23.9% | 66.2% | ||
| Q2 25 | 21.0% | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
现金转化率SISPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
