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SHOULDER INNOVATIONS, INC.（SI）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
SHOULDER INNOVATIONS, INC.的季度营收约是Velo3D, Inc.的1.2倍（$11.8M vs $9.4M），SHOULDER INNOVATIONS, INC.净利率更高（-74.3% vs -231.9%，领先157.7%），Velo3D, Inc.自由现金流更多（$-8.3M vs $-11.4M）
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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
SI vs VELO — 直观对比
营收规模更大
SI
是对方的1.2倍
$9.4M
净利率更高
SI
高出157.7%
-231.9%
自由现金流更多
VELO
多$3.0M
$-11.4M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.8M | $9.4M |
| 净利润 | $-8.7M | $-21.9M |
| 毛利率 | 76.2% | -73.6% |
| 营业利润率 | -65.0% | -231.0% |
| 净利率 | -74.3% | -231.9% |
| 营收同比 | — | -25.2% |
| 净利润同比 | — | -2.9% |
| 每股收益（稀释后） | $-0.64 | $-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SIVELO
| Q4 25 | — | $9.4M | ||
| Q3 25 | $11.8M | $13.6M | ||
| Q2 25 | $11.0M | $13.6M | ||
| Q1 25 | — | $9.3M | ||
| Q4 24 | — | $12.6M | ||
| Q3 24 | — | $8.2M | ||
| Q2 24 | — | $10.3M | ||
| Q1 24 | — | $9.8M |
净利润SIVELO
| Q4 25 | — | $-21.9M | ||
| Q3 25 | $-8.7M | $-11.2M | ||
| Q2 25 | $-19.2M | $-13.3M | ||
| Q1 25 | — | $-25.0M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $935.0K | ||
| Q1 24 | — | $-27.5M |
毛利率SIVELO
| Q4 25 | — | -73.6% | ||
| Q3 25 | 76.2% | 3.2% | ||
| Q2 25 | 76.2% | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率SIVELO
| Q4 25 | — | -231.0% | ||
| Q3 25 | -65.0% | -73.3% | ||
| Q2 25 | -53.2% | -85.4% | ||
| Q1 25 | — | -123.6% | ||
| Q4 24 | — | -167.0% | ||
| Q3 24 | — | -213.8% | ||
| Q2 24 | — | -187.7% | ||
| Q1 24 | — | -211.1% |
净利率SIVELO
| Q4 25 | — | -231.9% | ||
| Q3 25 | -74.3% | -82.0% | ||
| Q2 25 | -174.3% | -97.7% | ||
| Q1 25 | — | -268.4% | ||
| Q4 24 | — | -168.5% | ||
| Q3 24 | — | -265.3% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -281.2% |
每股收益（稀释后）SIVELO
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $-0.64 | $-0.65 | ||
| Q2 25 | $-165.53 | $-0.94 | ||
| Q1 25 | — | $-1.87 | ||
| Q4 24 | — | $7.06 | ||
| Q3 24 | — | $-35.52 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $147.8M | $38.2M |
| 总资产 | $177.8M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资SIVELO
| Q4 25 | — | $39.0M | ||
| Q3 25 | $54.9M | $11.8M | ||
| Q2 25 | $27.1M | $854.0K | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $10.9M |
总债务SIVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益SIVELO
| Q4 25 | — | $38.2M | ||
| Q3 25 | $147.8M | $29.9M | ||
| Q2 25 | $-78.2M | $21.4M | ||
| Q1 25 | — | $32.8M | ||
| Q4 24 | — | $39.7M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | $52.1M | ||
| Q1 24 | — | $45.5M |
总资产SIVELO
| Q4 25 | — | $105.3M | ||
| Q3 25 | $177.8M | $93.7M | ||
| Q2 25 | $77.8M | $78.4M | ||
| Q1 25 | — | $91.3M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $110.8M | ||
| Q2 24 | — | $116.7M | ||
| Q1 24 | — | $136.1M |
负债/权益比SIVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | $-11.4M | $-8.3M |
| 自由现金流率自由现金流/营收 | -96.7% | -88.3% |
| 资本支出强度资本支出/营收 | 23.9% | 6.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流SIVELO
| Q4 25 | — | $-7.7M | ||
| Q3 25 | $-8.6M | $-6.0M | ||
| Q2 25 | $-11.3M | $-1.2M | ||
| Q1 25 | — | $-12.3M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流SIVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | $-11.4M | $-6.3M | ||
| Q2 25 | $-13.6M | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流率SIVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | -96.7% | -46.5% | ||
| Q2 25 | -123.4% | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
资本支出强度SIVELO
| Q4 25 | — | 6.4% | ||
| Q3 25 | 23.9% | 2.3% | ||
| Q2 25 | 21.0% | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率SIVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
