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TELOS CORP（TLS）与Valneva SE（VALN）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Valneva SE的1.3倍（$46.8M vs $36.2M），TELOS CORP净利率更高（-34.9% vs -54.1%，领先19.2%）
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。
Valneva SE是一家专注于 specialty 疫苗领域的企业，注册地位于法国圣埃尔布兰，主营业务是传染病疫苗的研发、生产与商业化销售。公司在苏格兰利文斯顿、瑞典索尔纳、奥地利维也纳设有生产基地，另在法国、加拿大、美国设有办公机构。
TLS vs VALN — 直观对比
营收规模更大
TLS
是对方的1.3倍
$36.2M
净利率更高
TLS
高出19.2%
-54.1%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $46.8M | $36.2M |
| 净利润 | $-16.3M | $-19.6M |
| 毛利率 | 35.0% | 38.9% |
| 营业利润率 | -39.6% | -49.5% |
| 净利率 | -34.9% | -54.1% |
| 营收同比 | 77.4% | — |
| 净利润同比 | -74.8% | — |
| 每股收益（稀释后） | $-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TLSVALN
| Q4 25 | $46.8M | — | ||
| Q3 25 | $51.4M | — | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $30.6M | — | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $23.8M | — | ||
| Q2 24 | $28.5M | — | ||
| Q1 24 | $29.6M | — |
净利润TLSVALN
| Q4 25 | $-16.3M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $-9.5M | — | ||
| Q1 25 | $-8.6M | — | ||
| Q4 24 | $-9.3M | — | ||
| Q3 24 | $-28.1M | — | ||
| Q2 24 | $-7.8M | — | ||
| Q1 24 | $-7.4M | — |
毛利率TLSVALN
| 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TLSVALN
| Q4 25 | -39.6% | — | ||
| Q3 25 | -4.8% | — | ||
| Q2 25 | -27.5% | — | ||
| Q1 25 | -29.5% | — | ||
| Q4 24 | -37.6% | — | ||
| Q3 24 | -121.4% | — | ||
| Q2 24 | -30.3% | — | ||
| Q1 24 | -28.5% | — |
净利率TLSVALN
| Q4 25 | -34.9% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | -26.5% | — | ||
| Q1 25 | -28.1% | — | ||
| Q4 24 | -35.4% | — | ||
| Q3 24 | -118.0% | — | ||
| Q2 24 | -27.2% | — | ||
| Q1 24 | -24.9% | — |
每股收益（稀释后）TLSVALN
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $-0.39 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $-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 | $53.2M | $274.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $96.0M | $221.2M |
| 总资产 | $139.9M | $637.2M |
| 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TLSVALN
| Q4 25 | $53.2M | — | ||
| Q3 25 | $59.0M | — | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $57.8M | — | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $69.8M | — | ||
| Q2 24 | $80.1M | — | ||
| Q1 24 | $93.9M | — |
股东权益TLSVALN
| Q4 25 | $96.0M | — | ||
| Q3 25 | $119.7M | — | ||
| Q2 25 | $118.4M | — | ||
| Q1 25 | $126.1M | — | ||
| Q4 24 | $127.1M | — | ||
| Q3 24 | $129.5M | — | ||
| Q2 24 | $149.1M | — | ||
| Q1 24 | $154.4M | — |
总资产TLSVALN
| Q4 25 | $139.9M | — | ||
| Q3 25 | $164.3M | — | ||
| Q2 25 | $165.0M | — | ||
| Q1 25 | $158.1M | — | ||
| Q4 24 | $158.2M | — | ||
| Q3 24 | $166.3M | — | ||
| Q2 24 | $182.4M | — | ||
| Q1 24 | $195.4M | — |
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 | $8.0M | $-26.3M |
| 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TLSVALN
| Q4 25 | $8.0M | — | ||
| Q3 25 | $9.1M | — | ||
| Q2 25 | $7.0M | — | ||
| Q1 25 | $6.1M | — | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-7.1M | — | ||
| Q2 24 | $-8.0M | — | ||
| Q1 24 | $-350.0K | — |
自由现金流TLSVALN
| 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TLSVALN
| 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TLSVALN
| 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% | — |
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
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
VALN
暂无分部数据
