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STEM, INC.（STEM）与Neuronetics, Inc.（STIM）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Neuronetics, Inc.的1.1倍（$47.1M vs $41.8M），Neuronetics, Inc.净利率更高（-17.2% vs -33.9%，领先16.6%），Neuronetics, Inc.同比增速更快（85.7% vs -15.6%），过去两年Neuronetics, Inc.的营收复合增速更高（54.9% vs 36.1%）
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。
Neuronetics, Inc.是一家总部位于宾夕法尼亚州莫尔文的上市公司，2003年4月于特拉华州成立，专注研发神经调节技术相关产品，为传统治疗无效或耐药的精神疾病提供无创治疗方案。
STEM vs STIM — 直观对比
营收规模更大
STEM
是对方的1.1倍
$41.8M
营收增速更快
STIM
高出101.3%
-15.6%
净利率更高
STIM
高出16.6%
-33.9%
两年增速更快
STIM
近两年复合增速
36.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $47.1M | $41.8M |
| 净利润 | $-16.0M | $-7.2M |
| 毛利率 | 48.9% | 52.0% |
| 营业利润率 | -17.7% | -12.1% |
| 净利率 | -33.9% | -17.2% |
| 营收同比 | -15.6% | 85.7% |
| 净利润同比 | 68.8% | 43.2% |
| 每股收益（稀释后） | $-4.40 | $-0.10 |
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STEMSTIM
| Q4 25 | $47.1M | $41.8M | ||
| Q3 25 | $38.2M | $37.3M | ||
| Q2 25 | $38.4M | $38.1M | ||
| Q1 25 | $32.5M | $32.0M | ||
| Q4 24 | $55.8M | $22.5M | ||
| Q3 24 | $29.3M | $18.5M | ||
| Q2 24 | $34.0M | $16.4M | ||
| Q1 24 | $25.5M | $17.4M |
净利润STEMSTIM
| Q4 25 | $-16.0M | $-7.2M | ||
| Q3 25 | $-23.8M | $-9.0M | ||
| Q2 25 | $202.5M | $-10.1M | ||
| Q1 25 | $-25.0M | $-12.7M | ||
| Q4 24 | $-51.1M | $-12.7M | ||
| Q3 24 | $-148.3M | $-13.3M | ||
| Q2 24 | $-582.3M | $-9.8M | ||
| Q1 24 | $-72.3M | $-7.9M |
毛利率STEMSTIM
| Q4 25 | 48.9% | 52.0% | ||
| Q3 25 | 35.5% | 45.9% | ||
| Q2 25 | 33.4% | 46.6% | ||
| Q1 25 | 32.4% | 49.2% | ||
| Q4 24 | -4.4% | 66.2% | ||
| Q3 24 | 21.2% | 75.6% | ||
| Q2 24 | 27.6% | 74.0% | ||
| Q1 24 | -95.0% | 75.1% |
营业利润率STEMSTIM
| Q4 25 | -17.7% | -12.1% | ||
| Q3 25 | -33.6% | -19.6% | ||
| Q2 25 | -34.8% | -21.1% | ||
| Q1 25 | -65.0% | -34.4% | ||
| Q4 24 | -84.4% | -51.0% | ||
| Q3 24 | -493.2% | -41.7% | ||
| Q2 24 | -1705.5% | -51.7% | ||
| Q1 24 | -267.0% | -39.4% |
净利率STEMSTIM
| Q4 25 | -33.9% | -17.2% | ||
| Q3 25 | -62.2% | -24.3% | ||
| Q2 25 | 527.8% | -26.6% | ||
| Q1 25 | -76.9% | -39.6% | ||
| Q4 24 | -91.6% | -56.4% | ||
| Q3 24 | -506.3% | -72.0% | ||
| Q2 24 | -1712.6% | -59.8% | ||
| Q1 24 | -283.9% | -45.2% |
每股收益（稀释后）STEMSTIM
| Q4 25 | $-4.40 | $-0.10 | ||
| Q3 25 | $-2.84 | $-0.13 | ||
| Q2 25 | $-1.79 | $-0.15 | ||
| Q1 25 | $-0.15 | $-0.21 | ||
| Q4 24 | $-15.29 | $-0.34 | ||
| Q3 24 | $-18.24 | $-0.44 | ||
| Q2 24 | $-71.81 | $-0.33 | ||
| Q1 24 | $-0.46 | $-0.27 |
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 | $48.9M | $28.1M |
| 总债务越低越好 | — | $65.8M |
| 股东权益账面价值 | $-249.4M | $22.4M |
| 总资产 | $308.9M | $141.6M |
| 负债/权益比越低杠杆越低 | — | 2.94× |
8季度趋势，按日历期对齐
现金及短期投资STEMSTIM
| Q4 25 | $48.9M | $28.1M | ||
| Q3 25 | $43.1M | $28.0M | ||
| Q2 25 | $40.8M | $11.0M | ||
| Q1 25 | $58.6M | $20.2M | ||
| Q4 24 | $56.3M | $18.5M | ||
| Q3 24 | $75.4M | $20.9M | ||
| Q2 24 | $89.6M | $42.6M | ||
| Q1 24 | $112.8M | $47.7M |
总债务STEMSTIM
| Q4 25 | — | $65.8M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $55.3M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M | ||
| Q1 24 | — | $59.4M |
股东权益STEMSTIM
| Q4 25 | $-249.4M | $22.4M | ||
| Q3 25 | $-235.7M | $27.4M | ||
| Q2 25 | $-214.1M | $27.1M | ||
| Q1 25 | $-417.5M | $35.5M | ||
| Q4 24 | $-398.4M | $27.7M | ||
| Q3 24 | $-344.1M | $9.4M | ||
| Q2 24 | $-203.2M | $19.4M | ||
| Q1 24 | $371.6M | $27.7M |
总资产STEMSTIM
| Q4 25 | $308.9M | $141.6M | ||
| Q3 25 | $362.6M | $145.5M | ||
| Q2 25 | $379.2M | $134.7M | ||
| Q1 25 | $405.1M | $142.0M | ||
| Q4 24 | $437.4M | $140.9M | ||
| Q3 24 | $537.8M | — | ||
| Q2 24 | $691.5M | $96.8M | ||
| Q1 24 | $1.3B | $103.8M |
负债/权益比STEMSTIM
| Q4 25 | — | 2.94× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× | ||
| Q1 24 | — | 2.15× |
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 | $8.2M | $908.0K |
| 自由现金流经营现金流 - 资本支出 | — | $692.0K |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $-21.2M |
8季度趋势，按日历期对齐
经营现金流STEMSTIM
| Q4 25 | $8.2M | $908.0K | ||
| Q3 25 | $11.4M | $-785.0K | ||
| Q2 25 | $-21.3M | $-3.5M | ||
| Q1 25 | $8.5M | $-17.0M | ||
| Q4 24 | $-14.7M | $-8.6M | ||
| Q3 24 | $-9.4M | $-5.4M | ||
| Q2 24 | $-11.9M | $-5.0M | ||
| Q1 24 | $-621.0K | $-12.0M |
自由现金流STEMSTIM
| Q4 25 | — | $692.0K | ||
| Q3 25 | — | $-899.0K | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-17.2M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $-5.8M | ||
| Q2 24 | — | $-5.6M | ||
| Q1 24 | — | $-12.4M |
自由现金流率STEMSTIM
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -53.8% | ||
| Q4 24 | — | -38.6% | ||
| Q3 24 | — | -31.3% | ||
| Q2 24 | — | -34.0% | ||
| Q1 24 | — | -71.1% |
资本支出强度STEMSTIM
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.2% |
现金转化率STEMSTIM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.11× | — | ||
| 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
