vs
Star Holdings（STHO）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是Star Holdings的1.8倍（$46.8M vs $25.4M），TELOS CORP净利率更高（-34.9% vs -75.5%，领先40.6%），TELOS CORP同比增速更快（77.4% vs -22.6%），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
STHO vs TLS — 直观对比
营收规模更大
TLS
是对方的1.8倍
$25.4M
营收增速更快
TLS
高出100.0%
-22.6%
净利率更高
TLS
高出40.6%
-75.5%
两年增速更快
TLS
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.4M | $46.8M |
| 净利润 | $-19.1M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -91.7% | -39.6% |
| 净利率 | -75.5% | -34.9% |
| 营收同比 | -22.6% | 77.4% |
| 净利润同比 | 81.3% | -74.8% |
| 每股收益（稀释后） | $-1.52 | $-0.22 |
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STHOTLS
| Q4 25 | $25.4M | $46.8M | ||
| Q3 25 | $28.1M | $51.4M | ||
| Q2 25 | $42.1M | $36.0M | ||
| Q1 25 | $14.6M | $30.6M | ||
| Q4 24 | $32.8M | $26.4M | ||
| Q3 24 | $24.6M | $23.8M | ||
| Q2 24 | $30.6M | $28.5M | ||
| Q1 24 | $25.4M | $29.6M |
净利润STHOTLS
| Q4 25 | $-19.1M | $-16.3M | ||
| Q3 25 | $1.8M | $-2.1M | ||
| Q2 25 | $-39.3M | $-9.5M | ||
| Q1 25 | $-7.6M | $-8.6M | ||
| Q4 24 | $-102.6M | $-9.3M | ||
| Q3 24 | $91.9M | $-28.1M | ||
| Q2 24 | $-27.1M | $-7.8M | ||
| Q1 24 | $-49.0M | $-7.4M |
毛利率STHOTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率STHOTLS
| Q4 25 | -91.7% | -39.6% | ||
| Q3 25 | 1.0% | -4.8% | ||
| Q2 25 | -94.5% | -27.5% | ||
| Q1 25 | -55.0% | -29.5% | ||
| Q4 24 | -314.1% | -37.6% | ||
| Q3 24 | — | -121.4% | ||
| Q2 24 | -91.5% | -30.3% | ||
| Q1 24 | -192.6% | -28.5% |
净利率STHOTLS
| Q4 25 | -75.5% | -34.9% | ||
| Q3 25 | 6.4% | -4.1% | ||
| Q2 25 | -93.5% | -26.5% | ||
| Q1 25 | -52.0% | -28.1% | ||
| Q4 24 | -313.1% | -35.4% | ||
| Q3 24 | 374.3% | -118.0% | ||
| Q2 24 | -88.8% | -27.2% | ||
| Q1 24 | -192.6% | -24.9% |
每股收益（稀释后）STHOTLS
| Q4 25 | $-1.52 | $-0.22 | ||
| Q3 25 | $0.14 | $-0.03 | ||
| Q2 25 | $-2.95 | $-0.13 | ||
| Q1 25 | $-0.57 | $-0.12 | ||
| Q4 24 | $-7.69 | $-0.13 | ||
| Q3 24 | $6.90 | $-0.39 | ||
| Q2 24 | $-2.04 | $-0.11 | ||
| Q1 24 | $-3.68 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | $268.7M | — |
| 股东权益账面价值 | $251.8M | $96.0M |
| 总资产 | $570.2M | $139.9M |
| 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STHOTLS
| Q4 25 | $50.1M | $53.2M | ||
| Q3 25 | $40.6M | $59.0M | ||
| Q2 25 | $44.2M | $57.0M | ||
| Q1 25 | $30.3M | $57.8M | ||
| Q4 24 | $35.0M | $54.6M | ||
| Q3 24 | $45.0M | $69.8M | ||
| Q2 24 | $48.3M | $80.1M | ||
| Q1 24 | $45.7M | $93.9M |
总债务STHOTLS
| 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STHOTLS
| Q4 25 | $251.8M | $96.0M | ||
| Q3 25 | $275.4M | $119.7M | ||
| Q2 25 | $276.1M | $118.4M | ||
| Q1 25 | $316.1M | $126.1M | ||
| Q4 24 | $324.3M | $127.1M | ||
| Q3 24 | $427.5M | $129.5M | ||
| Q2 24 | $335.3M | $149.1M | ||
| Q1 24 | $362.4M | $154.4M |
总资产STHOTLS
| Q4 25 | $570.2M | $139.9M | ||
| Q3 25 | $595.9M | $164.3M | ||
| Q2 25 | $589.9M | $165.0M | ||
| Q1 25 | $618.2M | $158.1M | ||
| Q4 24 | $608.7M | $158.2M | ||
| Q3 24 | $696.5M | $166.3M | ||
| Q2 24 | $601.0M | $182.4M | ||
| Q1 24 | $622.9M | $195.4M |
负债/权益比STHOTLS
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流STHOTLS
| Q4 25 | $-11.7M | $8.0M | ||
| Q3 25 | $5.3M | $9.1M | ||
| Q2 25 | $-2.6M | $7.0M | ||
| Q1 25 | $-6.3M | $6.1M | ||
| Q4 24 | $-31.3M | $-10.5M | ||
| Q3 24 | $-3.8M | $-7.1M | ||
| Q2 24 | $-6.4M | $-8.0M | ||
| Q1 24 | $-14.2M | $-350.0K |
自由现金流STHOTLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
自由现金流率STHOTLS
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度STHOTLS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
现金转化率STHOTLS
| Q4 25 | — | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | — | — | ||
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
