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SunPower Inc.（SPWR）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
SunPower Inc.的季度营收约是STEM, INC.的1.7倍（$79.7M vs $47.1M），SunPower Inc.净利率更高（-17.8% vs -33.9%，领先16.1%），SunPower Inc.同比增速更快（-10.1% vs -15.6%），过去两年SunPower Inc.的营收复合增速更高（118.7% vs 36.1%）
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
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。
SPWR vs STEM — 直观对比
营收规模更大
SPWR
是对方的1.7倍
$47.1M
营收增速更快
SPWR
高出5.5%
-15.6%
净利率更高
SPWR
高出16.1%
-33.9%
两年增速更快
SPWR
近两年复合增速
36.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $79.7M | $47.1M |
| 净利润 | $-14.2M | $-16.0M |
| 毛利率 | 35.5% | 48.9% |
| 营业利润率 | -27.4% | -17.7% |
| 净利率 | -17.8% | -33.9% |
| 营收同比 | -10.1% | -15.6% |
| 净利润同比 | -130.1% | 68.8% |
| 每股收益（稀释后） | $-0.05 | $-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SPWRSTEM
| Q4 25 | $79.7M | $47.1M | ||
| Q3 25 | $22.0M | $38.2M | ||
| Q2 25 | $67.5M | $38.4M | ||
| Q1 25 | $82.7M | $32.5M | ||
| Q4 24 | $88.7M | $55.8M | ||
| Q3 24 | — | $29.3M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | — | $25.5M |
净利润SPWRSTEM
| Q4 25 | $-14.2M | $-16.0M | ||
| Q3 25 | $-16.9M | $-23.8M | ||
| Q2 25 | $-22.4M | $202.5M | ||
| Q1 25 | $8.1M | $-25.0M | ||
| Q4 24 | $47.0M | $-51.1M | ||
| Q3 24 | — | $-148.3M | ||
| Q2 24 | — | $-582.3M | ||
| Q1 24 | — | $-72.3M |
毛利率SPWRSTEM
| Q4 25 | 35.5% | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | 42.6% | 33.4% | ||
| Q1 25 | 48.5% | 32.4% | ||
| Q4 24 | 46.5% | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率SPWRSTEM
| Q4 25 | -27.4% | -17.7% | ||
| Q3 25 | -15.7% | -33.6% | ||
| Q2 25 | -4.0% | -34.8% | ||
| Q1 25 | 1.3% | -65.0% | ||
| Q4 24 | -24.2% | -84.4% | ||
| Q3 24 | — | -493.2% | ||
| Q2 24 | — | -1705.5% | ||
| Q1 24 | — | -267.0% |
净利率SPWRSTEM
| Q4 25 | -17.8% | -33.9% | ||
| Q3 25 | -76.9% | -62.2% | ||
| Q2 25 | -33.2% | 527.8% | ||
| Q1 25 | 9.8% | -76.9% | ||
| Q4 24 | 53.0% | -91.6% | ||
| Q3 24 | — | -506.3% | ||
| Q2 24 | — | -1712.6% | ||
| Q1 24 | — | -283.9% |
每股收益（稀释后）SPWRSTEM
| Q4 25 | $-0.05 | $-4.40 | ||
| Q3 25 | $-0.19 | $-2.84 | ||
| Q2 25 | $-0.28 | $-1.79 | ||
| Q1 25 | $0.00 | $-0.15 | ||
| Q4 24 | $0.27 | $-15.29 | ||
| Q3 24 | — | $-18.24 | ||
| Q2 24 | — | $-71.81 | ||
| Q1 24 | — | $-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 | $9.6M | $48.9M |
| 总债务越低越好 | $164.8M | — |
| 股东权益账面价值 | $-90.1M | $-249.4M |
| 总资产 | $241.2M | $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SPWRSTEM
| Q4 25 | $9.6M | $48.9M | ||
| Q3 25 | $5.1M | $43.1M | ||
| Q2 25 | $11.1M | $40.8M | ||
| Q1 25 | $10.6M | $58.6M | ||
| Q4 24 | $13.4M | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
总债务SPWRSTEM
| Q4 25 | $164.8M | — | ||
| Q3 25 | $204.3M | — | ||
| Q2 25 | $152.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SPWRSTEM
| Q4 25 | $-90.1M | $-249.4M | ||
| Q3 25 | $-112.3M | $-235.7M | ||
| Q2 25 | $-107.2M | $-214.1M | ||
| Q1 25 | $-89.0M | $-417.5M | ||
| Q4 24 | $-97.5M | $-398.4M | ||
| Q3 24 | — | $-344.1M | ||
| Q2 24 | — | $-203.2M | ||
| Q1 24 | — | $371.6M |
总资产SPWRSTEM
| Q4 25 | $241.2M | $308.9M | ||
| Q3 25 | $208.3M | $362.6M | ||
| Q2 25 | $163.1M | $379.2M | ||
| Q1 25 | $147.8M | $405.1M | ||
| Q4 24 | $144.5M | $437.4M | ||
| Q3 24 | — | $537.8M | ||
| Q2 24 | — | $691.5M | ||
| Q1 24 | — | $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 | $-1.9M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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SPWRSTEM
| Q4 25 | $-1.9M | $8.2M | ||
| Q3 25 | $-6.4M | $11.4M | ||
| Q2 25 | $-4.4M | $-21.3M | ||
| Q1 25 | $-2.6M | $8.5M | ||
| Q4 24 | $-25.6M | $-14.7M | ||
| Q3 24 | — | $-9.4M | ||
| Q2 24 | — | $-11.9M | ||
| Q1 24 | — | $-621.0K |
现金转化率SPWRSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | -0.32× | — | ||
| Q4 24 | -0.54× | — | ||
| 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
业务分部营收拆解
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
STEM
暂无分部数据
