vs
Star Holdings（STHO）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
Stran & Company, Inc.的季度营收约是Star Holdings的1.1倍（$28.9M vs $25.4M），Stran & Company, Inc.净利率更高（0.8% vs -75.5%，领先76.3%），Stran & Company, Inc.同比增速更快（7.2% vs -22.6%），过去两年Stran & Company, Inc.的营收复合增速更高（24.0% vs -0.2%）
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
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。
STHO vs SWAG — 直观对比
营收规模更大
SWAG
是对方的1.1倍
$25.4M
营收增速更快
SWAG
高出29.8%
-22.6%
净利率更高
SWAG
高出76.3%
-75.5%
两年增速更快
SWAG
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.4M | $28.9M |
| 净利润 | $-19.1M | $243.0K |
| 毛利率 | — | 30.4% |
| 营业利润率 | -91.7% | -0.1% |
| 净利率 | -75.5% | 0.8% |
| 营收同比 | -22.6% | 7.2% |
| 净利润同比 | 81.3% | 141.5% |
| 每股收益（稀释后） | $-1.52 | $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STHOSWAG
| Q4 25 | $25.4M | $28.9M | ||
| Q3 25 | $28.1M | $26.0M | ||
| Q2 25 | $42.1M | $32.6M | ||
| Q1 25 | $14.6M | $28.7M | ||
| Q4 24 | $32.8M | $27.0M | ||
| Q3 24 | $24.6M | $20.1M | ||
| Q2 24 | $30.6M | $16.7M | ||
| Q1 24 | $25.4M | $18.8M |
净利润STHOSWAG
| Q4 25 | $-19.1M | $243.0K | ||
| Q3 25 | $1.8M | $-1.2M | ||
| Q2 25 | $-39.3M | $643.0K | ||
| Q1 25 | $-7.6M | $-393.0K | ||
| Q4 24 | $-102.6M | $-586.0K | ||
| Q3 24 | $91.9M | $-2.0M | ||
| Q2 24 | $-27.1M | $-1.0M | ||
| Q1 24 | $-49.0M | $-491.0K |
毛利率STHOSWAG
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 29.5% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 29.8% |
营业利润率STHOSWAG
| Q4 25 | -91.7% | -0.1% | ||
| Q3 25 | 1.0% | -6.9% | ||
| Q2 25 | -94.5% | 1.2% | ||
| Q1 25 | -55.0% | -1.9% | ||
| Q4 24 | -314.1% | -3.5% | ||
| Q3 24 | — | -10.8% | ||
| Q2 24 | -91.5% | -6.6% | ||
| Q1 24 | -192.6% | -3.5% |
净利率STHOSWAG
| Q4 25 | -75.5% | 0.8% | ||
| Q3 25 | 6.4% | -4.8% | ||
| Q2 25 | -93.5% | 2.0% | ||
| Q1 25 | -52.0% | -1.4% | ||
| Q4 24 | -313.1% | -2.2% | ||
| Q3 24 | 374.3% | -10.1% | ||
| Q2 24 | -88.8% | -6.1% | ||
| Q1 24 | -192.6% | -2.6% |
每股收益（稀释后）STHOSWAG
| Q4 25 | $-1.52 | $0.02 | ||
| Q3 25 | $0.14 | $-0.07 | ||
| Q2 25 | $-2.95 | $0.03 | ||
| Q1 25 | $-0.57 | $-0.02 | ||
| Q4 24 | $-7.69 | $-0.02 | ||
| Q3 24 | $6.90 | $-0.11 | ||
| Q2 24 | $-2.04 | $-0.06 | ||
| Q1 24 | $-3.68 | $-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 | $50.1M | $11.6M |
| 总债务越低越好 | $268.7M | — |
| 股东权益账面价值 | $251.8M | $30.5M |
| 总资产 | $570.2M | $49.3M |
| 负债/权益比越低杠杆越低 | 1.07× | — |
8季度趋势，按日历期对齐
现金及短期投资STHOSWAG
| Q4 25 | $50.1M | $11.6M | ||
| Q3 25 | $40.6M | $11.8M | ||
| Q2 25 | $44.2M | $18.1M | ||
| Q1 25 | $30.3M | $12.2M | ||
| Q4 24 | $35.0M | $18.2M | ||
| Q3 24 | $45.0M | $6.9M | ||
| Q2 24 | $48.3M | $9.6M | ||
| Q1 24 | $45.7M | $10.7M |
总债务STHOSWAG
| Q4 25 | $268.7M | — | ||
| Q3 25 | $259.3M | — | ||
| Q2 25 | $245.4M | — | ||
| Q1 25 | $231.5M | — | ||
| Q4 24 | $217.3M | — | ||
| Q3 24 | $201.2M | — | ||
| Q2 24 | $197.2M | — | ||
| Q1 24 | $195.0M | — |
股东权益STHOSWAG
| Q4 25 | $251.8M | $30.5M | ||
| Q3 25 | $275.4M | $30.2M | ||
| Q2 25 | $276.1M | $31.8M | ||
| Q1 25 | $316.1M | $31.3M | ||
| Q4 24 | $324.3M | $31.6M | ||
| Q3 24 | $427.5M | $32.3M | ||
| Q2 24 | $335.3M | $34.3M | ||
| Q1 24 | $362.4M | $35.2M |
总资产STHOSWAG
| Q4 25 | $570.2M | $49.3M | ||
| Q3 25 | $595.9M | $50.3M | ||
| Q2 25 | $589.9M | $61.2M | ||
| Q1 25 | $618.2M | $52.2M | ||
| Q4 24 | $608.7M | $55.1M | ||
| Q3 24 | $696.5M | $48.8M | ||
| Q2 24 | $601.0M | $46.6M | ||
| Q1 24 | $622.9M | $47.9M |
负债/权益比STHOSWAG
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.54× | — |
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 | $-11.7M | $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STHOSWAG
| Q4 25 | $-11.7M | $161.0K | ||
| Q3 25 | $5.3M | $-5.4M | ||
| Q2 25 | $-2.6M | $6.4M | ||
| Q1 25 | $-6.3M | $-5.9M | ||
| Q4 24 | $-31.3M | $1.3M | ||
| Q3 24 | $-3.8M | $-2.7M | ||
| Q2 24 | $-6.4M | $2.1M | ||
| Q1 24 | $-14.2M | $2.1M |
自由现金流STHOSWAG
| 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STHOSWAG
| 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STHOSWAG
| 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STHOSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | — | 9.99× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | — | ||
| 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
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
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% |
