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Spire Global, Inc.（SPIR）与Telesat Corp（TSAT）财务数据对比。点击上方公司名可切换其他公司
Telesat Corp的季度营收约是Spire Global, Inc.的4.7倍（$73.8M vs $15.8M）。Telesat Corp净利率更高（-119.8% vs -176.6%，领先56.8%）。过去两年Spire Global, Inc.的营收复合增速更高（-32.6% vs -64.0%）
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。
Telesat是加拿大知名卫星通信企业，前身为加拿大通信卫星公司，成立于1969年5月2日，总部位于渥太华，专注于提供卫星通信相关解决方案与服务，在全球卫星通信领域拥有深厚的技术积累与行业经验。
SPIR vs TSAT — 直观对比
营收规模更大
TSAT
是对方的4.7倍
$15.8M
净利率更高
TSAT
高出56.8%
-176.6%
两年增速更快
SPIR
近两年复合增速
-64.0%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $15.8M | $73.8M |
| 净利润 | $-28.0M | $-88.4M |
| 毛利率 | 40.2% | 95.3% |
| 营业利润率 | -164.1% | 5.9% |
| 净利率 | -176.6% | -119.8% |
| 营收同比 | -26.9% | — |
| 净利润同比 | 42.7% | — |
| 每股收益（稀释后） | $-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SPIRTSAT
| Q4 25 | $15.8M | — | ||
| Q3 25 | $12.7M | $73.8M | ||
| Q2 25 | $19.2M | $77.5M | ||
| Q1 25 | $23.9M | $152.2M | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $25.4M | $363.2M | ||
| Q1 24 | $34.8M | — |
净利润SPIRTSAT
| Q4 25 | $-28.0M | — | ||
| Q3 25 | $-19.7M | $-88.4M | ||
| Q2 25 | $119.6M | $55.1M | ||
| Q1 25 | $-20.7M | $-52.3M | ||
| Q4 24 | $-48.8M | — | ||
| Q3 24 | $-12.5M | — | ||
| Q2 24 | $-16.6M | $547.4M | ||
| Q1 24 | $-25.5M | — |
毛利率SPIRTSAT
| Q4 25 | 40.2% | — | ||
| Q3 25 | 36.6% | 95.3% | ||
| Q2 25 | 48.9% | 95.9% | ||
| 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SPIRTSAT
| Q4 25 | -164.1% | — | ||
| Q3 25 | -166.1% | 5.9% | ||
| Q2 25 | -122.7% | 16.8% | ||
| Q1 25 | -106.5% | — | ||
| Q4 24 | -144.1% | — | ||
| Q3 24 | -48.0% | — | ||
| Q2 24 | -48.6% | — | ||
| Q1 24 | -34.4% | — |
净利率SPIRTSAT
| Q4 25 | -176.6% | — | ||
| Q3 25 | -155.3% | -119.8% | ||
| Q2 25 | 623.4% | 71.2% | ||
| Q1 25 | -86.5% | -34.4% | ||
| Q4 24 | -225.2% | — | ||
| Q3 24 | -43.7% | — | ||
| Q2 24 | -65.2% | 150.7% | ||
| Q1 24 | -73.3% | — |
每股收益（稀释后）SPIRTSAT
| Q4 25 | $-0.85 | — | ||
| Q3 25 | $-0.61 | — | ||
| Q2 25 | $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 | $81.8M | $352.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $112.9M | $1.6B |
| 总资产 | $211.0M | $5.1B |
| 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SPIRTSAT
| Q4 25 | $81.8M | — | ||
| Q3 25 | $96.8M | $352.3M | ||
| Q2 25 | $117.6M | $399.6M | ||
| Q1 25 | $35.9M | $552.1M | ||
| Q4 24 | $19.2M | — | ||
| Q3 24 | $36.6M | — | ||
| Q2 24 | $45.8M | $1.7B | ||
| Q1 24 | $63.7M | — |
总债务SPIRTSAT
| 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SPIRTSAT
| Q4 25 | $112.9M | — | ||
| Q3 25 | $133.1M | $1.6B | ||
| Q2 25 | $149.2M | $1.7B | ||
| Q1 25 | $3.7M | $2.5B | ||
| Q4 24 | $-11.7M | — | ||
| Q3 24 | $30.8M | — | ||
| Q2 24 | $40.3M | $2.4B | ||
| Q1 24 | $52.5M | — |
总资产SPIRTSAT
| Q4 25 | $211.0M | — | ||
| Q3 25 | $224.3M | $5.1B | ||
| Q2 25 | $239.5M | $4.9B | ||
| Q1 25 | $208.8M | $6.9B | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $224.2M | — | ||
| Q2 24 | $230.8M | $6.3B | ||
| Q1 24 | $252.3M | — |
负债/权益比SPIRTSAT
| 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 | $-4.3M | — |
| 自由现金流经营现金流 - 资本支出 | $-16.2M | — |
| 自由现金流率自由现金流/营收 | -102.1% | — |
| 资本支出强度资本支出/营收 | 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SPIRTSAT
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $-12.0M | — | ||
| Q2 25 | $-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SPIRTSAT
| Q4 25 | $-16.2M | — | ||
| Q3 25 | $-20.4M | — | ||
| Q2 25 | $-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SPIRTSAT
| Q4 25 | -102.1% | — | ||
| Q3 25 | -161.3% | — | ||
| Q2 25 | -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SPIRTSAT
| Q4 25 | 75.1% | — | ||
| Q3 25 | 66.2% | — | ||
| Q2 25 | 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SPIRTSAT
| 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
