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STEM, INC.（STEM）与UNITED STATES LIME & MINERALS INC（USLM）财务数据对比。点击上方公司名可切换其他公司
UNITED STATES LIME & MINERALS INC的季度营收约是STEM, INC.的1.9倍（$87.9M vs $47.1M），UNITED STATES LIME & MINERALS INC净利率更高（34.7% vs -33.9%，领先68.6%），UNITED STATES LIME & MINERALS INC同比增速更快（9.8% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 10.8%）
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。
美国石灰矿产公司是总部位于美国的自然资源企业，主营高钙石灰、白云石石灰、石灰石及相关矿产制品，客户覆盖基建、钢铁制造、农业土壤改良、环保排放治理、工业加工等领域，业务主要辐射北美市场。
STEM vs USLM — 直观对比
营收规模更大
USLM
是对方的1.9倍
$47.1M
营收增速更快
USLM
高出25.4%
-15.6%
净利率更高
USLM
高出68.6%
-33.9%
两年增速更快
STEM
近两年复合增速
10.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $47.1M | $87.9M |
| 净利润 | $-16.0M | $30.5M |
| 毛利率 | 48.9% | 48.0% |
| 营业利润率 | -17.7% | 41.0% |
| 净利率 | -33.9% | 34.7% |
| 营收同比 | -15.6% | 9.8% |
| 净利润同比 | 68.8% | 13.2% |
| 每股收益（稀释后） | $-4.40 | $1.06 |
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STEMUSLM
| Q4 25 | $47.1M | $87.9M | ||
| Q3 25 | $38.2M | $102.0M | ||
| Q2 25 | $38.4M | $91.5M | ||
| Q1 25 | $32.5M | $91.3M | ||
| Q4 24 | $55.8M | $80.1M | ||
| Q3 24 | $29.3M | $89.4M | ||
| Q2 24 | $34.0M | $76.5M | ||
| Q1 24 | $25.5M | $71.7M |
净利润STEMUSLM
| Q4 25 | $-16.0M | $30.5M | ||
| Q3 25 | $-23.8M | $38.8M | ||
| Q2 25 | $202.5M | $30.8M | ||
| Q1 25 | $-25.0M | $34.1M | ||
| Q4 24 | $-51.1M | $27.0M | ||
| Q3 24 | $-148.3M | $33.4M | ||
| Q2 24 | $-582.3M | $26.1M | ||
| Q1 24 | $-72.3M | $22.4M |
毛利率STEMUSLM
| Q4 25 | 48.9% | 48.0% | ||
| Q3 25 | 35.5% | 51.2% | ||
| Q2 25 | 33.4% | 45.8% | ||
| Q1 25 | 32.4% | 50.6% | ||
| Q4 24 | -4.4% | 44.3% | ||
| Q3 24 | 21.2% | 48.2% | ||
| Q2 24 | 27.6% | 45.5% | ||
| Q1 24 | -95.0% | 42.7% |
营业利润率STEMUSLM
| Q4 25 | -17.7% | 41.0% | ||
| Q3 25 | -33.6% | 45.3% | ||
| Q2 25 | -34.8% | 39.0% | ||
| Q1 25 | -65.0% | 43.7% | ||
| Q4 24 | -84.4% | 38.8% | ||
| Q3 24 | -493.2% | 42.6% | ||
| Q2 24 | -1705.5% | 39.1% | ||
| Q1 24 | -267.0% | 35.9% |
净利率STEMUSLM
| Q4 25 | -33.9% | 34.7% | ||
| Q3 25 | -62.2% | 38.0% | ||
| Q2 25 | 527.8% | 33.7% | ||
| Q1 25 | -76.9% | 37.4% | ||
| Q4 24 | -91.6% | 33.7% | ||
| Q3 24 | -506.3% | 37.3% | ||
| Q2 24 | -1712.6% | 34.0% | ||
| Q1 24 | -283.9% | 31.3% |
每股收益（稀释后）STEMUSLM
| Q4 25 | $-4.40 | $1.06 | ||
| Q3 25 | $-2.84 | $1.35 | ||
| Q2 25 | $-1.79 | $1.07 | ||
| Q1 25 | $-0.15 | $1.19 | ||
| Q4 24 | $-15.29 | $-2.20 | ||
| Q3 24 | $-18.24 | $1.16 | ||
| Q2 24 | $-71.81 | $0.91 | ||
| Q1 24 | $-0.46 | $3.92 |
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 | $371.1M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $-249.4M | $630.8M |
| 总资产 | $308.9M | $681.0M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资STEMUSLM
| Q4 25 | $48.9M | $371.1M | ||
| Q3 25 | $43.1M | $349.5M | ||
| Q2 25 | $40.8M | $319.9M | ||
| Q1 25 | $58.6M | $300.6M | ||
| Q4 24 | $56.3M | $278.0M | ||
| Q3 24 | $75.4M | $255.0M | ||
| Q2 24 | $89.6M | $222.5M | ||
| Q1 24 | $112.8M | $207.0M |
总债务STEMUSLM
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益STEMUSLM
| Q4 25 | $-249.4M | $630.8M | ||
| Q3 25 | $-235.7M | $602.3M | ||
| Q2 25 | $-214.1M | $563.3M | ||
| Q1 25 | $-417.5M | $532.2M | ||
| Q4 24 | $-398.4M | $497.7M | ||
| Q3 24 | $-344.1M | $474.2M | ||
| Q2 24 | $-203.2M | $441.1M | ||
| Q1 24 | $371.6M | $415.3M |
总资产STEMUSLM
| Q4 25 | $308.9M | $681.0M | ||
| Q3 25 | $362.6M | $652.8M | ||
| Q2 25 | $379.2M | $607.4M | ||
| Q1 25 | $405.1M | $585.3M | ||
| Q4 24 | $437.4M | $543.2M | ||
| Q3 24 | $537.8M | $521.8M | ||
| Q2 24 | $691.5M | $484.2M | ||
| Q1 24 | $1.3B | $464.0M |
负债/权益比STEMUSLM
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $45.6M |
| 自由现金流经营现金流 - 资本支出 | — | $25.7M |
| 自由现金流率自由现金流/营收 | — | 29.2% |
| 资本支出强度资本支出/营收 | — | 22.6% |
| 现金转化率经营现金流/净利润 | — | 1.49× |
| 过去12个月自由现金流最近4个季度 | — | $102.3M |
8季度趋势，按日历期对齐
经营现金流STEMUSLM
| Q4 25 | $8.2M | $45.6M | ||
| Q3 25 | $11.4M | $45.9M | ||
| Q2 25 | $-21.3M | $34.0M | ||
| Q1 25 | $8.5M | $39.4M | ||
| Q4 24 | $-14.7M | $38.6M | ||
| Q3 24 | $-9.4M | $39.0M | ||
| Q2 24 | $-11.9M | $21.2M | ||
| Q1 24 | $-621.0K | $27.2M |
自由现金流STEMUSLM
| Q4 25 | — | $25.7M | ||
| Q3 25 | — | $31.3M | ||
| Q2 25 | — | $20.8M | ||
| Q1 25 | — | $24.6M | ||
| Q4 24 | — | $27.6M | ||
| Q3 24 | — | $33.9M | ||
| Q2 24 | — | $16.8M | ||
| Q1 24 | — | $20.3M |
自由现金流率STEMUSLM
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 34.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 28.4% |
资本支出强度STEMUSLM
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 9.5% |
现金转化率STEMUSLM
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | -0.11× | 1.10× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.17× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
