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STEM, INC.（STEM）与Stran & Company, Inc.（SWAG）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Stran & Company, Inc.的1.6倍（$47.1M vs $28.9M），Stran & Company, Inc.净利率更高（0.8% vs -33.9%，领先34.7%），Stran & Company, Inc.同比增速更快（7.2% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 24.0%）
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。
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
STEM vs SWAG — 直观对比
营收规模更大
STEM
是对方的1.6倍
$28.9M
营收增速更快
SWAG
高出22.8%
-15.6%
净利率更高
SWAG
高出34.7%
-33.9%
两年增速更快
STEM
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $47.1M | $28.9M |
| 净利润 | $-16.0M | $243.0K |
| 毛利率 | 48.9% | 30.4% |
| 营业利润率 | -17.7% | -0.1% |
| 净利率 | -33.9% | 0.8% |
| 营收同比 | -15.6% | 7.2% |
| 净利润同比 | 68.8% | 141.5% |
| 每股收益（稀释后） | $-4.40 | $0.02 |
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STEMSWAG
| Q4 25 | $47.1M | $28.9M | ||
| Q3 25 | $38.2M | $26.0M | ||
| Q2 25 | $38.4M | $32.6M | ||
| Q1 25 | $32.5M | $28.7M | ||
| Q4 24 | $55.8M | $27.0M | ||
| Q3 24 | $29.3M | $20.1M | ||
| Q2 24 | $34.0M | $16.7M | ||
| Q1 24 | $25.5M | $18.8M |
净利润STEMSWAG
| Q4 25 | $-16.0M | $243.0K | ||
| Q3 25 | $-23.8M | $-1.2M | ||
| Q2 25 | $202.5M | $643.0K | ||
| Q1 25 | $-25.0M | $-393.0K | ||
| Q4 24 | $-51.1M | $-586.0K | ||
| Q3 24 | $-148.3M | $-2.0M | ||
| Q2 24 | $-582.3M | $-1.0M | ||
| Q1 24 | $-72.3M | $-491.0K |
毛利率STEMSWAG
| Q4 25 | 48.9% | 30.4% | ||
| Q3 25 | 35.5% | 27.2% | ||
| Q2 25 | 33.4% | 30.3% | ||
| Q1 25 | 32.4% | 29.6% | ||
| Q4 24 | -4.4% | 32.5% | ||
| Q3 24 | 21.2% | 29.5% | ||
| Q2 24 | 27.6% | 32.8% | ||
| Q1 24 | -95.0% | 29.8% |
营业利润率STEMSWAG
| Q4 25 | -17.7% | -0.1% | ||
| Q3 25 | -33.6% | -6.9% | ||
| Q2 25 | -34.8% | 1.2% | ||
| Q1 25 | -65.0% | -1.9% | ||
| Q4 24 | -84.4% | -3.5% | ||
| Q3 24 | -493.2% | -10.8% | ||
| Q2 24 | -1705.5% | -6.6% | ||
| Q1 24 | -267.0% | -3.5% |
净利率STEMSWAG
| Q4 25 | -33.9% | 0.8% | ||
| Q3 25 | -62.2% | -4.8% | ||
| Q2 25 | 527.8% | 2.0% | ||
| Q1 25 | -76.9% | -1.4% | ||
| Q4 24 | -91.6% | -2.2% | ||
| Q3 24 | -506.3% | -10.1% | ||
| Q2 24 | -1712.6% | -6.1% | ||
| Q1 24 | -283.9% | -2.6% |
每股收益（稀释后）STEMSWAG
| Q4 25 | $-4.40 | $0.02 | ||
| Q3 25 | $-2.84 | $-0.07 | ||
| Q2 25 | $-1.79 | $0.03 | ||
| Q1 25 | $-0.15 | $-0.02 | ||
| Q4 24 | $-15.29 | $-0.02 | ||
| Q3 24 | $-18.24 | $-0.11 | ||
| Q2 24 | $-71.81 | $-0.06 | ||
| Q1 24 | $-0.46 | $-0.03 |
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 | $11.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-249.4M | $30.5M |
| 总资产 | $308.9M | $49.3M |
| 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STEMSWAG
| Q4 25 | $48.9M | $11.6M | ||
| Q3 25 | $43.1M | $11.8M | ||
| Q2 25 | $40.8M | $18.1M | ||
| Q1 25 | $58.6M | $12.2M | ||
| Q4 24 | $56.3M | $18.2M | ||
| Q3 24 | $75.4M | $6.9M | ||
| Q2 24 | $89.6M | $9.6M | ||
| Q1 24 | $112.8M | $10.7M |
股东权益STEMSWAG
| Q4 25 | $-249.4M | $30.5M | ||
| Q3 25 | $-235.7M | $30.2M | ||
| Q2 25 | $-214.1M | $31.8M | ||
| Q1 25 | $-417.5M | $31.3M | ||
| Q4 24 | $-398.4M | $31.6M | ||
| Q3 24 | $-344.1M | $32.3M | ||
| Q2 24 | $-203.2M | $34.3M | ||
| Q1 24 | $371.6M | $35.2M |
总资产STEMSWAG
| Q4 25 | $308.9M | $49.3M | ||
| Q3 25 | $362.6M | $50.3M | ||
| Q2 25 | $379.2M | $61.2M | ||
| Q1 25 | $405.1M | $52.2M | ||
| Q4 24 | $437.4M | $55.1M | ||
| Q3 24 | $537.8M | $48.8M | ||
| Q2 24 | $691.5M | $46.6M | ||
| Q1 24 | $1.3B | $47.9M |
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 | $161.0K |
| 自由现金流经营现金流 - 资本支出 | — | $38.0K |
| 自由现金流率自由现金流/营收 | — | 0.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 0.66× |
| 过去12个月自由现金流最近4个季度 | — | $-5.5M |
8季度趋势，按日历期对齐
经营现金流STEMSWAG
| Q4 25 | $8.2M | $161.0K | ||
| Q3 25 | $11.4M | $-5.4M | ||
| Q2 25 | $-21.3M | $6.4M | ||
| Q1 25 | $8.5M | $-5.9M | ||
| Q4 24 | $-14.7M | $1.3M | ||
| Q3 24 | $-9.4M | $-2.7M | ||
| Q2 24 | $-11.9M | $2.1M | ||
| Q1 24 | $-621.0K | $2.1M |
自由现金流STEMSWAG
| Q4 25 | — | $38.0K | ||
| Q3 25 | — | $-5.9M | ||
| Q2 25 | — | $6.3M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $-2.9M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $1.9M |
自由现金流率STEMSWAG
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | -22.6% | ||
| Q2 25 | — | 19.5% | ||
| Q1 25 | — | -21.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | -14.3% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 9.9% |
资本支出强度STEMSWAG
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.0% |
现金转化率STEMSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.11× | 9.99× | ||
| 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
业务分部营收拆解
STEM
暂无分部数据
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
