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SUTRO BIOPHARMA, INC.（STRO）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
SUTRO BIOPHARMA, INC.的季度营收约是Velo3D, Inc.的1.2倍（$11.6M vs $9.4M），SUTRO BIOPHARMA, INC.同比增速更快（-21.4% vs -25.2%），过去两年Velo3D, Inc.的营收复合增速更高（-1.8% vs -5.4%）
Sutro Biopharma是一家上市生物科技公司，总部位于加州南旧金山，专注于临床阶段药物的研发、开发与生产。公司依托自主专有的无细胞蛋白质合成平台，结合蛋白质工程与理性设计技术开发肿瘤治疗药物。公司2003年成立时名为Fundamental Applied Biology，2009年改用现名。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
STRO vs VELO — 直观对比
营收规模更大
STRO
是对方的1.2倍
$9.4M
营收增速更快
STRO
高出3.9%
-25.2%
两年增速更快
VELO
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.6M | $9.4M |
| 净利润 | — | $-21.9M |
| 毛利率 | — | -73.6% |
| 营业利润率 | — | -231.0% |
| 净利率 | — | -231.9% |
| 营收同比 | -21.4% | -25.2% |
| 净利润同比 | 35.4% | -2.9% |
| 每股收益（稀释后） | — | $-0.87 |
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STROVELO
| Q4 25 | $11.6M | $9.4M | ||
| Q3 25 | $9.7M | $13.6M | ||
| Q2 25 | $63.7M | $13.6M | ||
| Q1 25 | $17.4M | $9.3M | ||
| Q4 24 | $14.8M | $12.6M | ||
| Q3 24 | $8.5M | $8.2M | ||
| Q2 24 | $25.7M | $10.3M | ||
| Q1 24 | $13.0M | $9.8M |
净利润STROVELO
| Q4 25 | — | $-21.9M | ||
| Q3 25 | $-56.9M | $-11.2M | ||
| Q2 25 | $-11.5M | $-13.3M | ||
| Q1 25 | $-76.0M | $-25.0M | ||
| Q4 24 | $-72.4M | $-21.3M | ||
| Q3 24 | $-48.8M | $-21.9M | ||
| Q2 24 | $-48.0M | $935.0K | ||
| Q1 24 | $-58.2M | $-27.5M |
毛利率STROVELO
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率STROVELO
| Q4 25 | — | -231.0% | ||
| Q3 25 | -499.9% | -73.3% | ||
| Q2 25 | -5.2% | -85.4% | ||
| Q1 25 | -393.8% | -123.6% | ||
| Q4 24 | -440.7% | -167.0% | ||
| Q3 24 | -797.2% | -213.8% | ||
| Q2 24 | -189.4% | -187.7% | ||
| Q1 24 | -435.0% | -211.1% |
净利率STROVELO
| Q4 25 | — | -231.9% | ||
| Q3 25 | -586.6% | -82.0% | ||
| Q2 25 | -18.0% | -97.7% | ||
| Q1 25 | -436.6% | -268.4% | ||
| Q4 24 | -489.2% | -168.5% | ||
| Q3 24 | -572.6% | -265.3% | ||
| Q2 24 | -186.8% | 9.0% | ||
| Q1 24 | -447.5% | -281.2% |
每股收益（稀释后）STROVELO
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $-0.67 | $-0.65 | ||
| Q2 25 | $-0.14 | $-0.94 | ||
| Q1 25 | $-0.91 | $-1.87 | ||
| Q4 24 | $-27.63 | $7.06 | ||
| Q3 24 | $-0.59 | $-35.52 | ||
| Q2 24 | $-0.59 | $1.65 | ||
| Q1 24 | $-0.59 | $-55.51 |
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 | $141.4M | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $-132.5M | $38.2M |
| 总资产 | $173.8M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资STROVELO
| Q4 25 | $141.4M | $39.0M | ||
| Q3 25 | $167.6M | $11.8M | ||
| Q2 25 | $205.1M | $854.0K | ||
| Q1 25 | $249.0M | $3.9M | ||
| Q4 24 | $316.9M | $1.2M | ||
| Q3 24 | $388.3M | $1.6M | ||
| Q2 24 | $375.6M | $3.2M | ||
| Q1 24 | $267.6M | $10.9M |
总债务STROVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益STROVELO
| Q4 25 | $-132.5M | $38.2M | ||
| Q3 25 | $-87.3M | $29.9M | ||
| Q2 25 | $-32.1M | $21.4M | ||
| Q1 25 | $-25.8M | $32.8M | ||
| Q4 24 | $44.6M | $39.7M | ||
| Q3 24 | $111.2M | $34.4M | ||
| Q2 24 | $152.2M | $52.1M | ||
| Q1 24 | $98.0M | $45.5M |
总资产STROVELO
| Q4 25 | $173.8M | $105.3M | ||
| Q3 25 | $209.7M | $93.7M | ||
| Q2 25 | $262.4M | $78.4M | ||
| Q1 25 | $321.4M | $91.3M | ||
| Q4 24 | $387.2M | $89.2M | ||
| Q3 24 | $451.8M | $110.8M | ||
| Q2 24 | $489.0M | $116.7M | ||
| Q1 24 | $403.4M | $136.1M |
负债/权益比STROVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-177.2M | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.3M |
| 自由现金流率自由现金流/营收 | — | -88.3% |
| 资本支出强度资本支出/营收 | — | 6.4% |
| 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STROVELO
| Q4 25 | $-177.2M | $-7.7M | ||
| Q3 25 | $-38.2M | $-6.0M | ||
| Q2 25 | $-44.7M | $-1.2M | ||
| Q1 25 | $-67.9M | $-12.3M | ||
| Q4 24 | $-71.7M | $-2.2M | ||
| Q3 24 | $-64.5M | $-2.0M | ||
| Q2 24 | $9.5M | $-8.0M | ||
| Q1 24 | $-64.7M | $-20.5M |
自由现金流STROVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流率STROVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
资本支出强度STROVELO
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率STROVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
