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Sunlands Technology Group（STG）与泛美白银（USAS）财务数据对比。点击上方公司名可切换其他公司
泛美白银的季度营收约是Sunlands Technology Group的1.9倍（$19.1M vs $10.1M），Sunlands Technology Group净利率更高（24.0% vs -82.3%，领先106.3%）
STG Partners是一家总部位于美国加利福尼亚州门洛帕克的私募股权公司，其前身交响科技集团由罗梅什·瓦德瓦尼等创始人于2002年成立，2017年完成重组后更名为STG Partners。截至2025年3月，该机构通过19只集合投资工具为客户管理着约120亿美元资产。
泛美白银是一家总部位于加拿大的矿业企业，业务布局集中在拉丁美洲，在墨西哥、秘鲁、玻利维亚、阿根廷多国持有运营矿山及其他矿产开发项目，是美洲地区重要的贵金属开采企业。
STG vs USAS — 直观对比
营收规模更大
USAS
是对方的1.9倍
$10.1M
净利率更高
STG
高出106.3%
-82.3%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.1M | $19.1M |
| 净利润 | $2.4M | $-15.7M |
| 毛利率 | 88.5% | 34.2% |
| 营业利润率 | 26.5% | — |
| 净利率 | 24.0% | -82.3% |
| 营收同比 | — | -28.0% |
| 净利润同比 | — | 2.8% |
| 每股收益（稀释后） | — | — |
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STGUSAS
| Q3 25 | $10.1M | $19.1M | ||
| Q2 25 | $9.3M | — | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | — | $26.5M | ||
| Q2 24 | $10.0M | — | ||
| Q3 23 | $9.9M | — | ||
| Q2 23 | $10.0M | — |
净利润STGUSAS
| Q3 25 | $2.4M | $-15.7M | ||
| Q2 25 | $1.4M | — | ||
| Q4 24 | $1.8M | — | ||
| Q3 24 | — | $-16.2M | ||
| Q2 24 | $2.2M | — | ||
| Q3 23 | $2.5M | — | ||
| Q2 23 | $3.3M | — |
毛利率STGUSAS
| Q3 25 | 88.5% | 34.2% | ||
| Q2 25 | 85.2% | — | ||
| Q4 24 | 83.3% | — | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | 85.2% | — | ||
| Q3 23 | 87.8% | — | ||
| Q2 23 | 88.7% | — |
营业利润率STGUSAS
| Q3 25 | 26.5% | — | ||
| Q2 25 | 15.2% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | 23.3% | — | ||
| Q2 23 | 29.6% | — |
净利率STGUSAS
| Q3 25 | 24.0% | -82.3% | ||
| Q2 25 | 15.4% | — | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | — | -60.9% | ||
| Q2 24 | 21.5% | — | ||
| Q3 23 | 25.1% | — | ||
| Q2 23 | 33.0% | — |
每股收益（稀释后）STGUSAS
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.31 | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $15.1M | $39.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $17.7M | $50.2M |
| 总资产 | $41.2M | $234.7M |
| 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STGUSAS
| Q3 25 | $15.1M | $39.1M | ||
| Q2 25 | — | — | ||
| Q4 24 | $15.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $18.7M | — | ||
| Q3 23 | $16.5M | — | ||
| Q2 23 | — | — |
总债务STGUSAS
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8M | — | ||
| Q3 23 | $2.2M | — | ||
| Q2 23 | — | — |
股东权益STGUSAS
| Q3 25 | $17.7M | $50.2M | ||
| Q2 25 | $12.6M | — | ||
| Q4 24 | $10.7M | — | ||
| Q3 24 | — | $53.1M | ||
| Q2 24 | $7.6M | — | ||
| Q3 23 | $2.5M | — | ||
| Q2 23 | — | — |
总资产STGUSAS
| Q3 25 | $41.2M | $234.7M | ||
| Q2 25 | $40.3M | — | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $41.3M | — | ||
| Q3 23 | $40.0M | — | ||
| Q2 23 | — | — |
负债/权益比STGUSAS
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.24× | — | ||
| Q3 23 | 0.86× | — | ||
| Q2 23 | — | — |
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 | — | $-12.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-41.3M |
| 自由现金流率自由现金流/营收 | — | -216.5% |
| 资本支出强度资本支出/营收 | — | 150.8% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流STGUSAS
| Q3 25 | — | $-12.5M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
自由现金流STGUSAS
| Q3 25 | — | $-41.3M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-11.2M | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
自由现金流率STGUSAS
| Q3 25 | — | -216.5% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.2% | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
资本支出强度STGUSAS
| Q3 25 | — | 150.8% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
