vs
STEM, INC.（STEM）与UNITY BANCORP INC（UNTY）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UNITY BANCORP INC的1.3倍（$47.1M vs $35.3M），UNITY BANCORP INC净利率更高（43.9% vs -33.9%，领先77.8%），UNITY BANCORP INC同比增速更快（24.2% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 17.5%）
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。
Unity Bancorp Inc是总部位于美国新泽西州的金融控股公司，旗下运营Unity Bank，面向新泽西州及宾夕法尼亚州东部的本地社区，提供商业贷款、存款账户、抵押贷款、个人银行等全系列商业及零售银行服务，核心服务客群为中小企业和个人消费者。
STEM vs UNTY — 直观对比
营收规模更大
STEM
是对方的1.3倍
$35.3M
营收增速更快
UNTY
高出39.7%
-15.6%
净利率更高
UNTY
高出77.8%
-33.9%
两年增速更快
STEM
近两年复合增速
17.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $47.1M | $35.3M |
| 净利润 | $-16.0M | $15.5M |
| 毛利率 | 48.9% | — |
| 营业利润率 | -17.7% | 55.8% |
| 净利率 | -33.9% | 43.9% |
| 营收同比 | -15.6% | 24.2% |
| 净利润同比 | 68.8% | 34.5% |
| 每股收益（稀释后） | $-4.40 | $1.52 |
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STEMUNTY
| Q4 25 | $47.1M | $35.3M | ||
| Q3 25 | $38.2M | $32.8M | ||
| Q2 25 | $38.4M | $34.4M | ||
| Q1 25 | $32.5M | $29.4M | ||
| Q4 24 | $55.8M | $28.4M | ||
| Q3 24 | $29.3M | $27.7M | ||
| Q2 24 | $34.0M | $25.5M | ||
| Q1 24 | $25.5M | $25.6M |
净利润STEMUNTY
| Q4 25 | $-16.0M | $15.5M | ||
| Q3 25 | $-23.8M | $14.4M | ||
| Q2 25 | $202.5M | $16.5M | ||
| Q1 25 | $-25.0M | $11.6M | ||
| Q4 24 | $-51.1M | $11.5M | ||
| Q3 24 | $-148.3M | $10.9M | ||
| Q2 24 | $-582.3M | $9.5M | ||
| Q1 24 | $-72.3M | $9.6M |
毛利率STEMUNTY
| 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STEMUNTY
| Q4 25 | -17.7% | 55.8% | ||
| Q3 25 | -33.6% | 57.5% | ||
| Q2 25 | -34.8% | 62.6% | ||
| Q1 25 | -65.0% | 52.6% | ||
| Q4 24 | -84.4% | 51.0% | ||
| Q3 24 | -493.2% | 52.7% | ||
| Q2 24 | -1705.5% | 49.3% | ||
| Q1 24 | -267.0% | 50.0% |
净利率STEMUNTY
| Q4 25 | -33.9% | 43.9% | ||
| Q3 25 | -62.2% | 43.8% | ||
| Q2 25 | 527.8% | 48.0% | ||
| Q1 25 | -76.9% | 39.5% | ||
| Q4 24 | -91.6% | 40.5% | ||
| Q3 24 | -506.3% | 39.4% | ||
| Q2 24 | -1712.6% | 37.1% | ||
| Q1 24 | -283.9% | 37.5% |
每股收益（稀释后）STEMUNTY
| Q4 25 | $-4.40 | $1.52 | ||
| Q3 25 | $-2.84 | $1.41 | ||
| Q2 25 | $-1.79 | $1.61 | ||
| Q1 25 | $-0.15 | $1.13 | ||
| Q4 24 | $-15.29 | $1.13 | ||
| Q3 24 | $-18.24 | $1.07 | ||
| Q2 24 | $-71.81 | $0.92 | ||
| Q1 24 | $-0.46 | $0.94 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-249.4M | $345.6M |
| 总资产 | $308.9M | $3.0B |
| 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STEMUNTY
| Q4 25 | $48.9M | — | ||
| Q3 25 | $43.1M | — | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $58.6M | — | ||
| Q4 24 | $56.3M | — | ||
| Q3 24 | $75.4M | — | ||
| Q2 24 | $89.6M | — | ||
| Q1 24 | $112.8M | — |
总债务STEMUNTY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益STEMUNTY
| Q4 25 | $-249.4M | $345.6M | ||
| Q3 25 | $-235.7M | $334.0M | ||
| Q2 25 | $-214.1M | $319.8M | ||
| Q1 25 | $-417.5M | $306.1M | ||
| Q4 24 | $-398.4M | $295.6M | ||
| Q3 24 | $-344.1M | $284.3M | ||
| Q2 24 | $-203.2M | $273.4M | ||
| Q1 24 | $371.6M | $266.8M |
总资产STEMUNTY
| Q4 25 | $308.9M | $3.0B | ||
| Q3 25 | $362.6M | $2.9B | ||
| Q2 25 | $379.2M | $2.9B | ||
| Q1 25 | $405.1M | $2.8B | ||
| Q4 24 | $437.4M | $2.7B | ||
| Q3 24 | $537.8M | $2.6B | ||
| Q2 24 | $691.5M | $2.6B | ||
| Q1 24 | $1.3B | $2.6B |
负债/权益比STEMUNTY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $44.9M |
| 自由现金流经营现金流 - 资本支出 | — | $44.3M |
| 自由现金流率自由现金流/营收 | — | 125.7% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.90× |
| 过去12个月自由现金流最近4个季度 | — | $81.7M |
8季度趋势，按日历期对齐
经营现金流STEMUNTY
| Q4 25 | $8.2M | $44.9M | ||
| Q3 25 | $11.4M | $45.5M | ||
| Q2 25 | $-21.3M | $-25.3M | ||
| Q1 25 | $8.5M | $17.9M | ||
| Q4 24 | $-14.7M | $48.0M | ||
| Q3 24 | $-9.4M | $17.7M | ||
| Q2 24 | $-11.9M | $-8.4M | ||
| Q1 24 | $-621.0K | $15.8M |
自由现金流STEMUNTY
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | — | $-25.5M | ||
| Q1 25 | — | $17.6M | ||
| Q4 24 | — | $47.3M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $-8.6M | ||
| Q1 24 | — | $15.7M |
自由现金流率STEMUNTY
| Q4 25 | — | 125.7% | ||
| Q3 25 | — | 138.1% | ||
| Q2 25 | — | -74.2% | ||
| Q1 25 | — | 59.9% | ||
| Q4 24 | — | 166.5% | ||
| Q3 24 | — | 63.3% | ||
| Q2 24 | — | -33.7% | ||
| Q1 24 | — | 61.4% |
资本支出强度STEMUNTY
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.3% |
现金转化率STEMUNTY
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | -0.11× | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
