Moderna, Inc. (MRNA)财务
NASDAQ · Healthcare · Biotechnology · 员工4,700人 · CEO Stéphane Bancel
- 股价
- $221.72 -0.47%
- 市值
- $885亿
- 企业价值
- $881亿
- 最近财报
- Q2 '26 2026-07-31提交
- 下次财报
- 2026-11-06
营收(TTM)$22.3亿-27.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-149.0%-42.1 百分点 对比去年同期营业利润 -$33.2亿
净利润(TTM)-$31.5亿-8.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$12.2亿+65.1% 对比去年同期资本支出 $1.71亿
稀释EPS(TTM)-$7.98-6.0% 对比去年同期最近4个季度之和
净现金$38.5亿-12.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $885亿 EV $881亿
- 营收
- $22.3亿 过去12个月
- 营收增速
- +8% FY2026年一致预期
- 净利润率
- -141.4% 净利润 / 营收,TTM
- P/E
- -27.8× 预期 -26.3×(FY2026)
- P/S
- 39.7× 股价 / 营收,TTM
- EV / EBITDA
- -31.1× TTM
- 自由现金流
- -$12.2亿 过去12个月
- 净利润
- -$31.5亿 过去12个月
- 营收预期
- $21亿 FY2026年一致预期
- 盈利
- 2026-11-06
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-31):营收超预期40.9%,EPS 超预期3.0%营收$1.45亿,预期$1.03亿(+40.9%);EPS -$1.97,预期-$2.03(+3.0%)。
- 营收增长放缓:同比2.1%Q2 '26营收$1.45亿,此前四个季度的平均值为38.4%。
- 营业利润率-149.0%(TTM),较去年同期-42.1 百分点营收增长-27.2%,营业利润增长-1.4%。
- 资本支出占营收的7.7%(去年为26.2%)最近4个季度投入$1.71亿(同比-78.7%)。自由现金流-$12.2亿。
- 稀释股数一年内增加2.1%Q2 '26稀释股数3.96亿,一年前为3.88亿。
- 净现金 $38.5亿现金 + 短期投资 $51.4亿,含租赁债务 $12.9亿;一年前净现金 $43.9亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $1.45亿 | $1.42亿 | +2.1% |
| 毛利率 | 35.9% | 16.2% | +19.7 百分点 |
| 营业利润 | -$8.15亿 | -$9.07亿 | +10.1% |
| 营业利润率 | -562.1% | -638.7% | +76.7 百分点 |
| 净利润 | -$7.82亿 | -$8.25亿 | +5.2% |
| 稀释EPS | -$1.96 | -$2.13 | +8.0% |
| 经营现金流 | -$5.26亿 | -$9.19亿 | +42.8% |
| 资本支出 | $3700万 | $300万 | +1,133.3% |
| 自由现金流 | -$5.63亿 | -$9.22亿 | +38.9% |
| R&D | $6.51亿 | $7亿 | -7.0% |
| 股权激励费用 | $1.2亿 | $1.3亿 | -7.7% |
实际 vs 一致预期
2026-07-31| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $1.45亿 | $1.03亿 | +40.9% |
| EPS(一致预期口径) | -$1.97 | -$2.03 | +3.0% |
来自2026-07-31发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Product Sales | $1.71亿 | -2.8% | 100.0% | $35.5亿 | -2.3% |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Rest Of The World | $800万 | -69.2% | 8.5% | $5.7亿 | -28.9% | |
| United States | $7000万 | -20.5% | 74.5% | $12.2亿 | -25.5% | |
| Europe | $1600万 | – | 17.0% | $3.08亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$10.5亿
- 资本支出
- -$1.71亿
- 股票回购
- -$200万
- 股息
- $0
- 收购
- $0
- 债务净发行
- $5.42亿
- 股权激励费用
- $3.49亿
- 自由现金流
- -$12.2亿
- 股东回报 / FCF
- -0.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -27.8× | 8.4× 5年中的2年 | 8.4× – 8.4× |
| EV / EBITDA | -31.1× | 7.0× 5年中的2年 | 6.9× – 7.1× |
| EV / 营收 | 39.5× | 4.9× | 3.6× – 5.6× |
| 股价 / FCF | -72.4× | 11.6× 5年中的2年 | 7.7× – 15.4× |
| 股价 / 净资产 | 13.0× | 3.3× | 1.3× – 7.2× |
| FCF收益率 | -1.4% | -6.8% | -25.4% – 13.0% |
| 投入资本回报率 | -39.2% | 5.4% | -32.5% – 77.5% |
| 净资产收益率 | -39.2% | 6.1% | -34.0% – 86.3% |
分析师
一致目标价 $132.70 (-40.1%)
区间 $25.00 – $245.00 · 评级 Hold
强烈买入0
买入7
持有16
卖出6
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $21亿 | +8.1% | -$8.42 | -16.0% | -26.3× | 17 |
| FY2027 | $24.3亿 | +15.9% | -$4.76 | +43.5% | -46.6× | 16 |
| FY2028 | $33.8亿 | +38.8% | -$2.85 | +40.1% | -77.8× | 15 |
| FY2029 | $55.6亿 | +64.5% | $0.36 | +112.5% | 623.6× | 9 |
| FY2030 | $75.8亿 | +36.4% | $3.52 | +890.4% | 63.0× | 6 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Moderna, Inc.在近期10-Q / 10-K文件中标记的全部286项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.67亿 | $1.75亿 | -4.6% | $3.17亿 | $4.05亿 | -21.7% |
| Accounts Receivable, after Allowance for Credit Loss | $1700万 | $3600万 | -52.8% | $1.84亿 | $3.58亿 | -48.6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1700万 | $3600万 | -52.8% | $1.84亿 | $3.58亿 | -48.6% |
| Accounts Receivable, Allowance for Credit Loss | $600万 | $1200万 | -50.0% | $300万 | $0 | – |
| Accounts Receivable, Allowance for Credit Loss, Current | $02025-12-31 | $0 | – | $0 | $0 | – |
| Accounts Receivable, before Allowance for Credit Loss | $1.2亿 | $2.6亿 | -53.8% | $3.68亿 | $6.98亿 | -47.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $0 | $0 | – |
| Accrued Liabilities, Current | $19.1亿 | $9.87亿 | +93.4% | $13.9亿 | $14.3亿 | -2.9% |
| Accrued Royalties, Current | $9.54亿 | $600万 | +15,800.0% | $3100万 | $4600万 | -32.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1900万 | $2300万 | -17.4% | $4500万 | -$1000万 | +550.0% |
| Additional Paid in Capital | $16.4亿 | $11.3亿 | +45.9% | $13.8亿 | $8.66亿 | +59.6% |
| Advertising Expense | – | – | – | $1.33亿 | $1.46亿 | -8.9% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 4200万 | 4600万 | -8.7% | 3800万 | 3400万 | +11.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.2亿 | $1.3亿 | -7.7% | $4.83亿 | $4.29亿 | +12.6% |
| Asset Impairment Charges | – | – | – | $0 | $0 | – |
| Assets | $110亿 | $120亿 | -8.7% | $123亿 | $141亿 | -12.8% |
| Assets, Current | $58.2亿 | $61.7亿 | -5.8% | $65.4亿 | $81亿 | -19.2% |
| Capital Expenditures Incurred but Not yet Paid | $100万 | -$300万 | +133.3% | $8300万 | $9700万 | -14.4% |
| Cash and Cash Equivalents, at Carrying Value | $17.2亿 | $12.8亿 | +34.7% | $26亿 | $19.3亿 | +34.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $17.2亿 | $12.8亿 | +34.6% | $26亿 | $19.3亿 | +34.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.85亿 | -$3.45亿 | +46.4% | $6.68亿 | -$9.99亿 | +166.9% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 16亿 | 16亿 | 0.0% | 16亿 | 16亿 | 0.0% |
| Common Stock, Shares, Issued | 3.99亿 | 3.89亿 | +2.6% | 3.94亿 | 3.86亿 | +2.1% |
| Common Stock, Shares, Outstanding | 3.99亿 | 3.89亿 | +2.6% | 3.94亿 | 3.86亿 | +2.1% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$7.88亿 | -$8.12亿 | +3.0% | -$27.7亿 | -$34.5亿 | +19.8% |
| Contract with Customer, Liability | $4.42亿 | $2.83亿 | +56.2% | $2.52亿 | $2.11亿 | +19.4% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | $2.35亿 | $1.34亿 | +75.4% | $3.2亿 | $2.64亿 | +21.2% |
| Contract with Customer, Liability, Current | $2.95亿 | $2.18亿 | +35.3% | $9900万 | $1.53亿 | -35.3% |
| Contract with Customer, Liability, Noncurrent | $1.47亿 | $6500万 | +126.2% | $1.53亿 | $5800万 | +163.8% |
| Contract with Customer, Refund Liability | $4.21亿 | $3.08亿 | +36.7% | $5.09亿 | $3.7亿 | +37.6% |
| Cost of Goods and Services Sold | $9300万 | $1.19亿 | -21.8% | $8.68亿 | $14.6亿 | -40.7% |
| Costs and Expenses | $9.6亿 | $10.5亿 | -8.5% | $50.2亿 | $71.8亿 | -30.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1100万 | -$5700万 | +119.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2900万 | $1300万 | +123.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $4400万 | -$4500万 | +197.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $400万 | -$100万 | +500.0% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Amortized Cost | $52亿 | $62.3亿 | -16.5% | $55.3亿 | $76.1亿 | -27.3% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $17.8亿 | $23.8亿 | -25.0% | $23.3亿 | $25.1亿 | -6.9% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $34.2亿 | $38.5亿 | -11.2% | $32亿 | $51.1亿 | -37.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $300万 | $700万 | -57.1% | $300万 | $2200万 | -86.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $2.64亿 | $5.67亿 | -53.4% | $2.83亿 | $26.4亿 | -89.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $1300万 | $200万 | +550.0% | $100万 | $600万 | -83.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $37.5亿 | $20亿 | +88.0% | $9.31亿 | $16.7亿 | -44.4% |
| Debt Securities, Available-for-sale, Current | $34.2亿 | $38.5亿 | -11.3% | $32亿 | $51亿 | -37.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $17.7亿 | $23.7亿 | -25.4% | $23.4亿 | $24.9亿 | -6.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $34.2亿 | $38.5亿 | -11.3% | $32亿 | $51亿 | -37.2% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $51.9亿 | $62.3亿 | -16.7% | $55.4亿 | $75.9亿 | -27.0% |
| Debt Securities, Available-for-sale, Noncurrent | $17.7亿 | $23.7亿 | -25.4% | $23.4亿 | $24.9亿 | -6.3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1600万 | $900万 | +77.8% | $400万 | $2800万 | -85.7% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $40.2亿 | $25.6亿 | +56.7% | $12.1亿 | $43.2亿 | -71.9% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 283 security | 140 security | +102.1% | 108 security | 252 security | -57.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $1000万 | -$100万 | +1,100.0% |
| Deferred Income Tax Assets, Net | $8200万 | $8100万 | +1.2% | $8100万 | $8100万 | 0.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1000万 | -$100万 | +1,100.0% |
| Deferred Income Tax Liabilities, Net | $2.55亿 | $2.37亿 | +7.6% | $2.49亿 | $2.31亿 | +7.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01