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STEM, INC.（STEM）与Strawberry Fields REIT, Inc.（STRW）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Strawberry Fields REIT, Inc.的1.2倍（$47.1M vs $40.1M），Strawberry Fields REIT, Inc.净利率更高（5.0% vs -33.9%，领先38.9%），Strawberry Fields REIT, Inc.同比增速更快（31.5% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 20.0%）
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。
Strawberry Fields REIT, Inc.是一家专注于医疗类不动产的房地产投资信托，核心资产包含专业护理机构、老年生活社区及医疗办公大楼，业务主要覆盖美国各地市场，为医疗服务商及养老运营主体提供物业支持。
STEM vs STRW — 直观对比
营收规模更大
STEM
是对方的1.2倍
$40.1M
营收增速更快
STRW
高出47.1%
-15.6%
净利率更高
STRW
高出38.9%
-33.9%
两年增速更快
STEM
近两年复合增速
20.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $47.1M | $40.1M |
| 净利润 | $-16.0M | $2.0M |
| 毛利率 | 48.9% | — |
| 营业利润率 | -17.7% | 52.4% |
| 净利率 | -33.9% | 5.0% |
| 营收同比 | -15.6% | 31.5% |
| 净利润同比 | 68.8% | 37.6% |
| 每股收益（稀释后） | $-4.40 | $0.15 |
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STEMSTRW
| Q4 25 | $47.1M | $40.1M | ||
| Q3 25 | $38.2M | $39.7M | ||
| Q2 25 | $38.4M | $37.9M | ||
| Q1 25 | $32.5M | $37.3M | ||
| Q4 24 | $55.8M | $30.5M | ||
| Q3 24 | $29.3M | $29.5M | ||
| Q2 24 | $34.0M | $29.3M | ||
| Q1 24 | $25.5M | $27.8M |
净利润STEMSTRW
| Q4 25 | $-16.0M | $2.0M | ||
| Q3 25 | $-23.8M | $2.0M | ||
| Q2 25 | $202.5M | $2.0M | ||
| Q1 25 | $-25.0M | $1.6M | ||
| Q4 24 | $-51.1M | $1.5M | ||
| Q3 24 | $-148.3M | $944.0K | ||
| Q2 24 | $-582.3M | $938.0K | ||
| Q1 24 | $-72.3M | $746.0K |
毛利率STEMSTRW
| Q4 25 | 48.9% | — | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 32.4% | — | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 27.6% | — | ||
| Q1 24 | -95.0% | — |
营业利润率STEMSTRW
| Q4 25 | -17.7% | 52.4% | ||
| Q3 25 | -33.6% | 56.6% | ||
| Q2 25 | -34.8% | 54.5% | ||
| Q1 25 | -65.0% | 54.1% | ||
| Q4 24 | -84.4% | 51.5% | ||
| Q3 24 | -493.2% | 54.4% | ||
| Q2 24 | -1705.5% | 52.3% | ||
| Q1 24 | -267.0% | 51.3% |
净利率STEMSTRW
| Q4 25 | -33.9% | 5.0% | ||
| Q3 25 | -62.2% | 5.1% | ||
| Q2 25 | 527.8% | 5.2% | ||
| Q1 25 | -76.9% | 4.2% | ||
| Q4 24 | -91.6% | 4.8% | ||
| Q3 24 | -506.3% | 3.2% | ||
| Q2 24 | -1712.6% | 3.2% | ||
| Q1 24 | -283.9% | 2.7% |
每股收益（稀释后）STEMSTRW
| Q4 25 | $-4.40 | $0.15 | ||
| Q3 25 | $-2.84 | $0.16 | ||
| Q2 25 | $-1.79 | $0.16 | ||
| Q1 25 | $-0.15 | $0.13 | ||
| Q4 24 | $-15.29 | $0.17 | ||
| Q3 24 | $-18.24 | $0.14 | ||
| Q2 24 | $-71.81 | $0.14 | ||
| Q1 24 | $-0.46 | $0.12 |
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 | $31.8M |
| 总债务越低越好 | — | $794.7M |
| 股东权益账面价值 | $-249.4M | $12.1M |
| 总资产 | $308.9M | $885.2M |
| 负债/权益比越低杠杆越低 | — | 65.64× |
8季度趋势，按日历期对齐
现金及短期投资STEMSTRW
| Q4 25 | $48.9M | $31.8M | ||
| Q3 25 | $43.1M | $19.8M | ||
| Q2 25 | $40.8M | $96.3M | ||
| Q1 25 | $58.6M | $42.3M | ||
| Q4 24 | $56.3M | $48.4M | ||
| Q3 24 | $75.4M | $29.3M | ||
| Q2 24 | $89.6M | $16.1M | ||
| Q1 24 | $112.8M | $15.1M |
总债务STEMSTRW
| Q4 25 | — | $794.7M | ||
| Q3 25 | — | $779.4M | ||
| Q2 25 | — | $794.1M | ||
| Q1 25 | — | $715.5M | ||
| Q4 24 | — | $673.9M | ||
| Q3 24 | — | $584.5M | ||
| Q2 24 | — | $555.0M | ||
| Q1 24 | — | $560.4M |
股东权益STEMSTRW
| Q4 25 | $-249.4M | $12.1M | ||
| Q3 25 | $-235.7M | $14.2M | ||
| Q2 25 | $-214.1M | $15.5M | ||
| Q1 25 | $-417.5M | $19.6M | ||
| Q4 24 | $-398.4M | $18.2M | ||
| Q3 24 | $-344.1M | $12.6M | ||
| Q2 24 | $-203.2M | $7.4M | ||
| Q1 24 | $371.6M | $7.5M |
总资产STEMSTRW
| Q4 25 | $308.9M | $885.2M | ||
| Q3 25 | $362.6M | $880.6M | ||
| Q2 25 | $379.2M | $897.3M | ||
| Q1 25 | $405.1M | $834.8M | ||
| Q4 24 | $437.4M | $787.6M | ||
| Q3 24 | $537.8M | $661.5M | ||
| Q2 24 | $691.5M | $635.9M | ||
| Q1 24 | $1.3B | $634.9M |
负债/权益比STEMSTRW
| Q4 25 | — | 65.64× | ||
| Q3 25 | — | 54.70× | ||
| Q2 25 | — | 51.26× | ||
| Q1 25 | — | 36.47× | ||
| Q4 24 | — | 37.09× | ||
| Q3 24 | — | 46.34× | ||
| Q2 24 | — | 74.61× | ||
| Q1 24 | — | 74.81× |
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 | $90.0M |
| 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 | — | 44.62× |
| 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STEMSTRW
| Q4 25 | $8.2M | $90.0M | ||
| Q3 25 | $11.4M | $20.7M | ||
| Q2 25 | $-21.3M | $29.8M | ||
| Q1 25 | $8.5M | $19.0M | ||
| Q4 24 | $-14.7M | $59.3M | ||
| Q3 24 | $-9.4M | $11.8M | ||
| Q2 24 | $-11.9M | $20.6M | ||
| Q1 24 | $-621.0K | $2.1M |
现金转化率STEMSTRW
| Q4 25 | — | 44.62× | ||
| Q3 25 | — | 10.26× | ||
| Q2 25 | -0.11× | 15.24× | ||
| Q1 25 | — | 11.97× | ||
| Q4 24 | — | 40.44× | ||
| Q3 24 | — | 12.53× | ||
| Q2 24 | — | 21.93× | ||
| Q1 24 | — | 2.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
