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STRATTEC SECURITY CORP（STRT）与Vericel Corp（VCEL）财务数据对比。点击上方公司名可切换其他公司
STRATTEC SECURITY CORP的季度营收约是Vericel Corp的1.5倍（$137.5M vs $92.9M），Vericel Corp净利率更高（25.0% vs 3.6%，领先21.4%），Vericel Corp同比增速更快（23.3% vs 5.9%），Vericel Corp自由现金流更多（$12.8M vs $11.3M），过去两年Vericel Corp的营收复合增速更高（34.6% vs 7.7%）
STRATTEC安全公司是专业的汽车安全访问解决方案供应商，主营汽车机械与电子锁具、钥匙、无钥匙进入系统等产品，主要服务全球汽车整车厂商、重型车辆制造商及汽车后市场客户，业务覆盖北美、欧洲、亚太等地区。
Vericel Corp是一家美国上市生物制药企业，前身为1989年在密歇根州安娜堡成立的Aastrom Bio，2014年10月正式更为现名，专注于生物制药相关领域的研发与商业化运营。
STRT vs VCEL — 直观对比
营收规模更大
STRT
是对方的1.5倍
$92.9M
营收增速更快
VCEL
高出17.4%
5.9%
净利率更高
VCEL
高出21.4%
3.6%
自由现金流更多
VCEL
多$1.6M
$11.3M
两年增速更快
VCEL
近两年复合增速
7.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $137.5M | $92.9M |
| 净利润 | $4.9M | $23.2M |
| 毛利率 | 16.5% | 78.7% |
| 营业利润率 | 3.5% | 24.1% |
| 净利率 | 3.6% | 25.0% |
| 营收同比 | 5.9% | 23.3% |
| 净利润同比 | 275.1% | 17.3% |
| 每股收益（稀释后） | $1.20 | $0.46 |
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STRTVCEL
| Q4 25 | $137.5M | $92.9M | ||
| Q3 25 | $152.4M | $67.5M | ||
| Q2 25 | $152.0M | $63.2M | ||
| Q1 25 | $144.1M | $52.6M | ||
| Q4 24 | $129.9M | $75.4M | ||
| Q3 24 | $139.1M | $57.9M | ||
| Q2 24 | — | $52.7M | ||
| Q1 24 | $140.8M | $51.3M |
净利润STRTVCEL
| Q4 25 | $4.9M | $23.2M | ||
| Q3 25 | $8.5M | $5.1M | ||
| Q2 25 | $8.3M | $-553.0K | ||
| Q1 25 | $5.4M | $-11.2M | ||
| Q4 24 | $1.3M | $19.8M | ||
| Q3 24 | $3.7M | $-901.0K | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | $1.5M | $-3.9M |
毛利率STRTVCEL
| Q4 25 | 16.5% | 78.7% | ||
| Q3 25 | 17.3% | 73.5% | ||
| Q2 25 | 16.7% | 73.7% | ||
| Q1 25 | 16.0% | 69.0% | ||
| Q4 24 | 13.2% | 77.6% | ||
| Q3 24 | 13.6% | 71.9% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | 10.4% | 68.9% |
营业利润率STRTVCEL
| Q4 25 | 3.5% | 24.1% | ||
| Q3 25 | 6.9% | 5.1% | ||
| Q2 25 | 5.6% | -3.2% | ||
| Q1 25 | 4.9% | -24.3% | ||
| Q4 24 | 1.6% | 24.5% | ||
| Q3 24 | 3.6% | -4.3% | ||
| Q2 24 | — | -11.5% | ||
| Q1 24 | 1.4% | -10.7% |
净利率STRTVCEL
| Q4 25 | 3.6% | 25.0% | ||
| Q3 25 | 5.6% | 7.5% | ||
| Q2 25 | 5.4% | -0.9% | ||
| Q1 25 | 3.7% | -21.4% | ||
| Q4 24 | 1.0% | 26.3% | ||
| Q3 24 | 2.7% | -1.6% | ||
| Q2 24 | — | -8.9% | ||
| Q1 24 | 1.1% | -7.5% |
每股收益（稀释后）STRTVCEL
| Q4 25 | $1.20 | $0.46 | ||
| Q3 25 | $2.07 | $0.10 | ||
| Q2 25 | $2.02 | $-0.01 | ||
| Q1 25 | $1.32 | $-0.23 | ||
| Q4 24 | $0.32 | $0.40 | ||
| Q3 24 | $0.92 | $-0.02 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | $0.37 | $-0.08 |
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 | $99.0M | $137.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $236.8M | $354.6M |
| 总资产 | $392.2M | $488.0M |
| 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STRTVCEL
| Q4 25 | $99.0M | $137.5M | ||
| Q3 25 | $90.5M | $135.4M | ||
| Q2 25 | $84.6M | $116.9M | ||
| Q1 25 | $62.1M | $112.9M | ||
| Q4 24 | $42.6M | $116.2M | ||
| Q3 24 | $34.4M | $101.7M | ||
| Q2 24 | — | $102.5M | ||
| Q1 24 | $9.6M | $110.6M |
股东权益STRTVCEL
| Q4 25 | $236.8M | $354.6M | ||
| Q3 25 | $230.5M | $321.9M | ||
| Q2 25 | $221.6M | $306.8M | ||
| Q1 25 | $210.7M | $295.5M | ||
| Q4 24 | $204.5M | $292.0M | ||
| Q3 24 | $203.0M | $257.5M | ||
| Q2 24 | — | $243.0M | ||
| Q1 24 | $193.8M | $233.9M |
总资产STRTVCEL
| Q4 25 | $392.2M | $488.0M | ||
| Q3 25 | $390.1M | $453.3M | ||
| Q2 25 | $391.5M | $435.6M | ||
| Q1 25 | $387.4M | $424.6M | ||
| Q4 24 | $355.9M | $432.7M | ||
| Q3 24 | $366.9M | $390.4M | ||
| Q2 24 | — | $376.8M | ||
| Q1 24 | $348.5M | $356.7M |
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 | $13.9M | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $11.3M | $12.8M |
| 自由现金流率自由现金流/营收 | 8.2% | 13.8% |
| 资本支出强度资本支出/营收 | 1.9% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.81× | 0.65× |
| 过去12个月自由现金流最近4个季度 | $67.8M | $24.7M |
8季度趋势，按日历期对齐
经营现金流STRTVCEL
| Q4 25 | $13.9M | $15.0M | ||
| Q3 25 | $11.3M | $22.1M | ||
| Q2 25 | $30.2M | $8.2M | ||
| Q1 25 | $20.7M | $6.6M | ||
| Q4 24 | $9.4M | $22.2M | ||
| Q3 24 | $11.3M | $10.2M | ||
| Q2 24 | — | $18.5M | ||
| Q1 24 | $-309.0K | $7.2M |
自由现金流STRTVCEL
| Q4 25 | $11.3M | $12.8M | ||
| Q3 25 | $9.8M | $19.5M | ||
| Q2 25 | $27.2M | $81.0K | ||
| Q1 25 | $19.6M | $-7.6M | ||
| Q4 24 | $8.5M | $8.5M | ||
| Q3 24 | $9.3M | $-9.2M | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | $-2.0M | $-6.8M |
自由现金流率STRTVCEL
| Q4 25 | 8.2% | 13.8% | ||
| Q3 25 | 6.4% | 28.8% | ||
| Q2 25 | 17.9% | 0.1% | ||
| Q1 25 | 13.6% | -14.5% | ||
| Q4 24 | 6.6% | 11.2% | ||
| Q3 24 | 6.7% | -15.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | -1.4% | -13.3% |
资本支出强度STRTVCEL
| Q4 25 | 1.9% | 2.4% | ||
| Q3 25 | 1.0% | 3.9% | ||
| Q2 25 | 2.0% | 12.9% | ||
| Q1 25 | 0.8% | 27.0% | ||
| Q4 24 | 0.7% | 18.3% | ||
| Q3 24 | 1.5% | 33.5% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | 1.2% | 27.3% |
现金转化率STRTVCEL
| Q4 25 | 2.81× | 0.65× | ||
| Q3 25 | 1.33× | 4.35× | ||
| Q2 25 | 3.65× | — | ||
| Q1 25 | 3.84× | — | ||
| Q4 24 | 7.16× | 1.12× | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.21× | — |
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
STRT
| Door Handles And Exterior Trim | $35.0M | 25% |
| Power Access Solutions | $34.5M | 25% |
| Keys And Locksets | $26.8M | 19% |
| Latches | $16.3M | 12% |
| User Interface Controls | $12.5M | 9% |
| Aftermarket And Service | $9.4M | 7% |
| Other Product | $3.1M | 2% |
| Related Party | $1.3M | 1% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
