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Spok Holdings, Inc（SPOK）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是Spok Holdings, Inc的1.4倍（$47.1M vs $33.9M），Spok Holdings, Inc净利率更高（8.7% vs -33.9%，领先42.5%），Spok Holdings, Inc同比增速更快（-0.1% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs -1.5%）
Spok Holdings, Inc.是一家主要服务医疗健康行业的关键通信解决方案提供商，主打统一临床通信平台、安全消息工具、警报系统和值班调度软件，帮助医护团队高效协作，缩短响应时长，提升医疗机构的患者安全水平。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
SPOK vs STEM — 直观对比
营收规模更大
STEM
是对方的1.4倍
$33.9M
营收增速更快
SPOK
高出15.5%
-15.6%
净利率更高
SPOK
高出42.5%
-33.9%
两年增速更快
STEM
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $33.9M | $47.1M |
| 净利润 | $2.9M | $-16.0M |
| 毛利率 | 76.7% | 48.9% |
| 营业利润率 | 11.6% | -17.7% |
| 净利率 | 8.7% | -33.9% |
| 营收同比 | -0.1% | -15.6% |
| 净利润同比 | -19.6% | 68.8% |
| 每股收益（稀释后） | $0.13 | $-4.40 |
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SPOKSTEM
| Q4 25 | $33.9M | $47.1M | ||
| Q3 25 | $33.9M | $38.2M | ||
| Q2 25 | $35.7M | $38.4M | ||
| Q1 25 | $36.3M | $32.5M | ||
| Q4 24 | $33.9M | $55.8M | ||
| Q3 24 | $34.9M | $29.3M | ||
| Q2 24 | $34.0M | $34.0M | ||
| Q1 24 | $34.9M | $25.5M |
净利润SPOKSTEM
| Q4 25 | $2.9M | $-16.0M | ||
| Q3 25 | $3.2M | $-23.8M | ||
| Q2 25 | $4.6M | $202.5M | ||
| Q1 25 | $5.2M | $-25.0M | ||
| Q4 24 | $3.6M | $-51.1M | ||
| Q3 24 | $3.7M | $-148.3M | ||
| Q2 24 | $3.4M | $-582.3M | ||
| Q1 24 | $4.2M | $-72.3M |
毛利率SPOKSTEM
| Q4 25 | 76.7% | 48.9% | ||
| Q3 25 | 78.3% | 35.5% | ||
| Q2 25 | 79.5% | 33.4% | ||
| Q1 25 | 80.1% | 32.4% | ||
| Q4 24 | 78.5% | -4.4% | ||
| Q3 24 | 79.5% | 21.2% | ||
| Q2 24 | 78.9% | 27.6% | ||
| Q1 24 | 79.5% | -95.0% |
营业利润率SPOKSTEM
| Q4 25 | 11.6% | -17.7% | ||
| Q3 25 | 12.9% | -33.6% | ||
| Q2 25 | 15.1% | -34.8% | ||
| Q1 25 | 16.6% | -65.0% | ||
| Q4 24 | 13.7% | -84.4% | ||
| Q3 24 | 14.2% | -493.2% | ||
| Q2 24 | 13.2% | -1705.5% | ||
| Q1 24 | 14.0% | -267.0% |
净利率SPOKSTEM
| Q4 25 | 8.7% | -33.9% | ||
| Q3 25 | 9.5% | -62.2% | ||
| Q2 25 | 12.8% | 527.8% | ||
| Q1 25 | 14.3% | -76.9% | ||
| Q4 24 | 10.8% | -91.6% | ||
| Q3 24 | 10.5% | -506.3% | ||
| Q2 24 | 10.1% | -1712.6% | ||
| Q1 24 | 12.1% | -283.9% |
每股收益（稀释后）SPOKSTEM
| Q4 25 | $0.13 | $-4.40 | ||
| Q3 25 | $0.15 | $-2.84 | ||
| Q2 25 | $0.22 | $-1.79 | ||
| Q1 25 | $0.25 | $-0.15 | ||
| Q4 24 | $0.17 | $-15.29 | ||
| Q3 24 | $0.18 | $-18.24 | ||
| Q2 24 | $0.17 | $-71.81 | ||
| Q1 24 | $0.21 | $-0.46 |
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 | $25.3M | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $146.4M | $-249.4M |
| 总资产 | $206.1M | $308.9M |
| 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SPOKSTEM
| Q4 25 | $25.3M | $48.9M | ||
| Q3 25 | $21.4M | $43.1M | ||
| Q2 25 | $20.2M | $40.8M | ||
| Q1 25 | $19.9M | $58.6M | ||
| Q4 24 | $29.1M | $56.3M | ||
| Q3 24 | $27.8M | $75.4M | ||
| Q2 24 | $23.9M | $89.6M | ||
| Q1 24 | $23.3M | $112.8M |
股东权益SPOKSTEM
| Q4 25 | $146.4M | $-249.4M | ||
| Q3 25 | $148.7M | $-235.7M | ||
| Q2 25 | $150.9M | $-214.1M | ||
| Q1 25 | $151.7M | $-417.5M | ||
| Q4 24 | $154.7M | $-398.4M | ||
| Q3 24 | $156.3M | $-344.1M | ||
| Q2 24 | $158.2M | $-203.2M | ||
| Q1 24 | $160.2M | $371.6M |
总资产SPOKSTEM
| Q4 25 | $206.1M | $308.9M | ||
| Q3 25 | $209.7M | $362.6M | ||
| Q2 25 | $208.7M | $379.2M | ||
| Q1 25 | $204.5M | $405.1M | ||
| Q4 24 | $217.1M | $437.4M | ||
| Q3 24 | $216.8M | $537.8M | ||
| Q2 24 | $216.4M | $691.5M | ||
| Q1 24 | $215.0M | $1.3B |
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 | $11.5M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $10.1M | — |
| 自由现金流率自由现金流/营收 | 29.9% | — |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 3.93× | — |
| 过去12个月自由现金流最近4个季度 | $25.2M | — |
8季度趋势，按日历期对齐
经营现金流SPOKSTEM
| Q4 25 | $11.5M | $8.2M | ||
| Q3 25 | $8.1M | $11.4M | ||
| Q2 25 | $7.0M | $-21.3M | ||
| Q1 25 | $2.3M | $8.5M | ||
| Q4 24 | $8.4M | $-14.7M | ||
| Q3 24 | $11.1M | $-9.4M | ||
| Q2 24 | $7.4M | $-11.9M | ||
| Q1 24 | $2.0M | $-621.0K |
自由现金流SPOKSTEM
| Q4 25 | $10.1M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $10.3M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $1.1M | — |
自由现金流率SPOKSTEM
| Q4 25 | 29.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 29.4% | — | ||
| Q2 24 | 20.0% | — | ||
| Q1 24 | 3.2% | — |
资本支出强度SPOKSTEM
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 2.5% | — |
现金转化率SPOKSTEM
| Q4 25 | 3.93× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.55× | -0.11× | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 2.31× | — | ||
| Q3 24 | 3.03× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 0.47× | — |
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
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
STEM
暂无分部数据
