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APPLIED OPTOELECTRONICS, INC.（AAOI）与Arteris, Inc.（AIP）财务数据对比。点击上方公司名可切换其他公司
APPLIED OPTOELECTRONICS, INC.的季度营收约是Arteris, Inc.的6.7倍（$134.3M vs $20.1M）。APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 30.0%）。Arteris, Inc.自由现金流更多（$3.0M vs $-104.6M）。过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs 24.7%）
应用光电是一家美国半导体企业，专注于光电器件领域，1997年于休斯顿大学成立，总部位于得克萨斯州舒格兰，深耕光通信相关的半导体器件研发与生产，在光电技术领域拥有深厚的技术积累。
Arteris公司是一家跨国科技企业，总部位于美国加利福尼亚州坎贝尔，主营片上网络（NoC）知识产权以及系统芯片（SoC）集成自动化软件的研发，产品用于各类半导体芯片与芯粒设计，客户覆盖汽车电子、人工智能、机器学习、企业计算、通信、消费电子、工业以及航空航天国防等多个领域。
AAOI vs AIP — 直观对比
营收规模更大
AAOI
是对方的6.7倍
$20.1M
营收增速更快
AAOI
高出3.9%
30.0%
自由现金流更多
AIP
多$107.6M
$-104.6M
两年增速更快
AAOI
近两年复合增速
24.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $20.1M |
| 净利润 | — | $-8.5M |
| 毛利率 | 31.2% | 90.8% |
| 营业利润率 | -8.6% | -42.0% |
| 净利率 | — | -42.2% |
| 营收同比 | 33.9% | 30.0% |
| 净利润同比 | — | -3.7% |
| 每股收益（稀释后） | $-0.02 | $-0.19 |
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AAOIAIP
| Q4 25 | $134.3M | $20.1M | ||
| Q3 25 | $118.6M | $17.4M | ||
| Q2 25 | $103.0M | $16.5M | ||
| Q1 25 | $99.9M | $16.5M | ||
| Q4 24 | $100.3M | $15.5M | ||
| Q3 24 | $65.2M | $14.7M | ||
| Q2 24 | $43.3M | $14.6M | ||
| Q1 24 | $40.7M | $12.9M |
净利润AAOIAIP
| Q4 25 | — | $-8.5M | ||
| Q3 25 | $-17.9M | $-9.0M | ||
| Q2 25 | $-9.1M | $-9.1M | ||
| Q1 25 | $-9.2M | $-8.1M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | $-17.8M | $-7.7M | ||
| Q2 24 | $-26.1M | $-8.3M | ||
| Q1 24 | $-23.2M | $-9.4M |
毛利率AAOIAIP
| Q4 25 | 31.2% | 90.8% | ||
| Q3 25 | 28.0% | 89.9% | ||
| Q2 25 | 30.3% | 89.4% | ||
| Q1 25 | 30.6% | 90.8% | ||
| Q4 24 | 28.7% | 89.8% | ||
| Q3 24 | 24.4% | 90.1% | ||
| Q2 24 | 22.1% | 90.0% | ||
| Q1 24 | 18.7% | 88.7% |
营业利润率AAOIAIP
| Q4 25 | -8.6% | -42.0% | ||
| Q3 25 | -15.3% | -50.1% | ||
| Q2 25 | -15.5% | -50.0% | ||
| Q1 25 | -8.9% | -46.6% | ||
| Q4 24 | -6.5% | -45.9% | ||
| Q3 24 | -25.4% | -53.8% | ||
| Q2 24 | -60.7% | -51.1% | ||
| Q1 24 | -53.2% | -70.5% |
净利率AAOIAIP
| Q4 25 | — | -42.2% | ||
| Q3 25 | -15.1% | -51.6% | ||
| Q2 25 | -8.8% | -55.3% | ||
| Q1 25 | -9.2% | -49.1% | ||
| Q4 24 | — | -53.0% | ||
| Q3 24 | -27.3% | -52.2% | ||
| Q2 24 | -60.4% | -57.2% | ||
| Q1 24 | -57.0% | -72.6% |
每股收益（稀释后）AAOIAIP
| Q4 25 | $-0.02 | $-0.19 | ||
| Q3 25 | $-0.28 | $-0.21 | ||
| Q2 25 | $-0.16 | $-0.22 | ||
| Q1 25 | $-0.18 | $-0.20 | ||
| Q4 24 | $-2.82 | $-0.19 | ||
| Q3 24 | $-0.42 | $-0.20 | ||
| Q2 24 | $-0.66 | $-0.22 | ||
| Q1 24 | $-0.60 | $-0.25 |
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 | $206.1M | $33.9M |
| 总债务越低越好 | $34.0M | — |
| 股东权益账面价值 | $733.9M | $-14.6M |
| 总资产 | $1.2B | $115.0M |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资AAOIAIP
| Q4 25 | $206.1M | $33.9M | ||
| Q3 25 | $137.0M | $39.0M | ||
| Q2 25 | $64.7M | $38.0M | ||
| Q1 25 | $51.1M | $42.3M | ||
| Q4 24 | $67.4M | $43.8M | ||
| Q3 24 | $34.1M | $48.7M | ||
| Q2 24 | $10.7M | $45.8M | ||
| Q1 24 | $8.4M | $44.8M |
总债务AAOIAIP
| Q4 25 | $34.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $22.1M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $22.5M | — | ||
| Q1 24 | $24.1M | — |
股东权益AAOIAIP
| Q4 25 | $733.9M | $-14.6M | ||
| Q3 25 | $559.1M | $-11.4M | ||
| Q2 25 | $425.0M | $-7.5M | ||
| Q1 25 | $309.0M | $-4.8M | ||
| Q4 24 | $229.1M | $-1.2M | ||
| Q3 24 | $212.1M | $2.2M | ||
| Q2 24 | $186.5M | $5.3M | ||
| Q1 24 | $195.7M | $9.5M |
总资产AAOIAIP
| Q4 25 | $1.2B | $115.0M | ||
| Q3 25 | $978.5M | $107.7M | ||
| Q2 25 | $796.9M | $106.9M | ||
| Q1 25 | $644.7M | $98.3M | ||
| Q4 24 | $547.0M | $106.1M | ||
| Q3 24 | $410.0M | $97.7M | ||
| Q2 24 | $348.0M | $96.4M | ||
| Q1 24 | $350.9M | $101.4M |
负债/权益比AAOIAIP
| Q4 25 | 0.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.12× | — | ||
| Q1 24 | 0.12× | — |
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 | $-29.6M | $3.2M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $3.0M |
| 自由现金流率自由现金流/营收 | -77.9% | 15.1% |
| 资本支出强度资本支出/营收 | 55.9% | 0.7% |
| 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 | $-353.6M | $5.3M |
8季度趋势，按日历期对齐
经营现金流AAOIAIP
| Q4 25 | $-29.6M | $3.2M | ||
| Q3 25 | $-28.5M | $3.2M | ||
| Q2 25 | $-65.5M | $-2.5M | ||
| Q1 25 | $-50.9M | $2.9M | ||
| Q4 24 | $-24.6M | $-2.6M | ||
| Q3 24 | $-14.4M | $1.1M | ||
| Q2 24 | $-2.0M | $311.0K | ||
| Q1 24 | $-28.5M | $477.0K |
自由现金流AAOIAIP
| Q4 25 | $-104.6M | $3.0M | ||
| Q3 25 | $-78.7M | $2.5M | ||
| Q2 25 | $-91.0M | $-2.8M | ||
| Q1 25 | $-79.3M | $2.7M | ||
| Q4 24 | $-53.0M | $-2.7M | ||
| Q3 24 | $-20.7M | $1.1M | ||
| Q2 24 | $-5.0M | $264.0K | ||
| Q1 24 | $-34.2M | $281.0K |
自由现金流率AAOIAIP
| Q4 25 | -77.9% | 15.1% | ||
| Q3 25 | -66.3% | 14.2% | ||
| Q2 25 | -88.3% | -17.2% | ||
| Q1 25 | -79.4% | 16.2% | ||
| Q4 24 | -52.9% | -17.3% | ||
| Q3 24 | -31.8% | 7.4% | ||
| Q2 24 | -11.5% | 1.8% | ||
| Q1 24 | -84.2% | 2.2% |
资本支出强度AAOIAIP
| Q4 25 | 55.9% | 0.7% | ||
| Q3 25 | 42.4% | 4.1% | ||
| Q2 25 | 24.7% | 2.2% | ||
| Q1 25 | 28.4% | 1.1% | ||
| Q4 24 | 28.3% | 0.3% | ||
| Q3 24 | 9.7% | 0.2% | ||
| Q2 24 | 6.9% | 0.3% | ||
| Q1 24 | 14.2% | 1.5% |
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
AAOI
| Data Center | $74.9M | 56% |
| CATV | $54.0M | 40% |
| Telecom | $5.1M | 4% |
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
