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APPLIED OPTOELECTRONICS, INC.（AAOI）与ALLEGRO MICROSYSTEMS, INC.（ALGM）财务数据对比。点击上方公司名可切换其他公司
ALLEGRO MICROSYSTEMS, INC.的季度营收约是APPLIED OPTOELECTRONICS, INC.的1.7倍（$229.2M vs $134.3M）。APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 28.9%）。ALLEGRO MICROSYSTEMS, INC.自由现金流更多（$41.3M vs $-104.6M）。过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs -2.4%）
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。
Allegro微系统是一家全球性半导体设计制造企业，专注于研发生产高性能功率与传感类集成电路，核心产品覆盖磁传感器、功率IC、运动控制解决方案，广泛服务于汽车、工业、消费电子、通信等下游领域。
AAOI vs ALGM — 直观对比
营收规模更大
ALGM
是对方的1.7倍
$134.3M
营收增速更快
AAOI
高出5.0%
28.9%
自由现金流更多
ALGM
多$145.9M
$-104.6M
两年增速更快
AAOI
近两年复合增速
-2.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $229.2M |
| 净利润 | — | $8.3M |
| 毛利率 | 31.2% | 46.7% |
| 营业利润率 | -8.6% | 4.2% |
| 净利率 | — | 3.6% |
| 营收同比 | 33.9% | 28.9% |
| 净利润同比 | — | 221.0% |
| 每股收益（稀释后） | $-0.02 | $0.04 |
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AAOIALGM
| Q4 25 | $134.3M | $229.2M | ||
| Q3 25 | $118.6M | $214.3M | ||
| Q2 25 | $103.0M | $203.4M | ||
| Q1 25 | $99.9M | $192.8M | ||
| Q4 24 | $100.3M | $177.9M | ||
| Q3 24 | $65.2M | $187.4M | ||
| Q2 24 | $43.3M | $166.9M | ||
| Q1 24 | $40.7M | $240.6M |
净利润AAOIALGM
| Q4 25 | — | $8.3M | ||
| Q3 25 | $-17.9M | $6.5M | ||
| Q2 25 | $-9.1M | $-13.2M | ||
| Q1 25 | $-9.2M | $-14.8M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | $-17.8M | $-33.7M | ||
| Q2 24 | $-26.1M | $-17.7M | ||
| Q1 24 | $-23.2M | $-7.1M |
毛利率AAOIALGM
| Q4 25 | 31.2% | 46.7% | ||
| Q3 25 | 28.0% | 46.3% | ||
| Q2 25 | 30.3% | 44.9% | ||
| Q1 25 | 30.6% | 41.4% | ||
| Q4 24 | 28.7% | 45.7% | ||
| Q3 24 | 24.4% | 45.7% | ||
| Q2 24 | 22.1% | 44.8% | ||
| Q1 24 | 18.7% | 51.2% |
营业利润率AAOIALGM
| Q4 25 | -8.6% | 4.2% | ||
| Q3 25 | -15.3% | 2.9% | ||
| Q2 25 | -15.5% | -1.3% | ||
| Q1 25 | -8.9% | -6.8% | ||
| Q4 24 | -6.5% | -0.0% | ||
| Q3 24 | -25.4% | 2.2% | ||
| Q2 24 | -60.7% | -6.4% | ||
| Q1 24 | -53.2% | 6.6% |
净利率AAOIALGM
| Q4 25 | — | 3.6% | ||
| Q3 25 | -15.1% | 3.0% | ||
| Q2 25 | -8.8% | -6.5% | ||
| Q1 25 | -9.2% | -7.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | -27.3% | -18.0% | ||
| Q2 24 | -60.4% | -10.6% | ||
| Q1 24 | -57.0% | -3.0% |
每股收益（稀释后）AAOIALGM
| Q4 25 | $-0.02 | $0.04 | ||
| Q3 25 | $-0.28 | $0.03 | ||
| Q2 25 | $-0.16 | $-0.07 | ||
| Q1 25 | $-0.18 | $-0.08 | ||
| Q4 24 | $-2.82 | $-0.04 | ||
| Q3 24 | $-0.42 | $-0.18 | ||
| Q2 24 | $-0.66 | $-0.09 | ||
| Q1 24 | $-0.60 | $-0.04 |
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 | $155.2M |
| 总债务越低越好 | $34.0M | $280.7M |
| 股东权益账面价值 | $733.9M | $962.7M |
| 总资产 | $1.2B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资AAOIALGM
| Q4 25 | $206.1M | $155.2M | ||
| Q3 25 | $137.0M | $117.5M | ||
| Q2 25 | $64.7M | $129.1M | ||
| Q1 25 | $51.1M | $121.3M | ||
| Q4 24 | $67.4M | $138.5M | ||
| Q3 24 | $34.1M | $188.8M | ||
| Q2 24 | $10.7M | $173.1M | ||
| Q1 24 | $8.4M | $212.1M |
总债务AAOIALGM
| Q4 25 | $34.0M | $280.7M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | $304.8M | ||
| Q1 25 | $22.1M | $338.9M | ||
| Q4 24 | $26.7M | $368.7M | ||
| Q3 24 | $29.5M | $393.0M | ||
| Q2 24 | $22.5M | $195.8M | ||
| Q1 24 | $24.1M | $245.1M |
股东权益AAOIALGM
| Q4 25 | $733.9M | $962.7M | ||
| Q3 25 | $559.1M | $944.2M | ||
| Q2 25 | $425.0M | $922.7M | ||
| Q1 25 | $309.0M | $929.6M | ||
| Q4 24 | $229.1M | $933.0M | ||
| Q3 24 | $212.1M | $937.3M | ||
| Q2 24 | $186.5M | $1.1B | ||
| Q1 24 | $195.7M | $1.1B |
总资产AAOIALGM
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $978.5M | $1.4B | ||
| Q2 25 | $796.9M | $1.4B | ||
| Q1 25 | $644.7M | $1.4B | ||
| Q4 24 | $547.0M | $1.4B | ||
| Q3 24 | $410.0M | $1.5B | ||
| Q2 24 | $348.0M | $1.4B | ||
| Q1 24 | $350.9M | $1.5B |
负债/权益比AAOIALGM
| Q4 25 | 0.05× | 0.29× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | 0.07× | 0.36× | ||
| Q4 24 | 0.12× | 0.40× | ||
| Q3 24 | 0.14× | 0.42× | ||
| Q2 24 | 0.12× | 0.18× | ||
| Q1 24 | 0.12× | 0.22× |
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 | $45.4M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $41.3M |
| 自由现金流率自由现金流/营收 | -77.9% | 18.0% |
| 资本支出强度资本支出/营收 | 55.9% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 5.47× |
| 过去12个月自由现金流最近4个季度 | $-353.6M | $121.2M |
8季度趋势，按日历期对齐
经营现金流AAOIALGM
| Q4 25 | $-29.6M | $45.4M | ||
| Q3 25 | $-28.5M | $20.4M | ||
| Q2 25 | $-65.5M | $61.6M | ||
| Q1 25 | $-50.9M | $20.4M | ||
| Q4 24 | $-24.6M | $-8.2M | ||
| Q3 24 | $-14.4M | $15.5M | ||
| Q2 24 | $-2.0M | $34.2M | ||
| Q1 24 | $-28.5M | $12.8M |
自由现金流AAOIALGM
| Q4 25 | $-104.6M | $41.3M | ||
| Q3 25 | $-78.7M | $13.9M | ||
| Q2 25 | $-91.0M | $51.0M | ||
| Q1 25 | $-79.3M | $15.0M | ||
| Q4 24 | $-53.0M | $-21.8M | ||
| Q3 24 | $-20.7M | $5.6M | ||
| Q2 24 | $-5.0M | $23.2M | ||
| Q1 24 | $-34.2M | $-1.5M |
自由现金流率AAOIALGM
| Q4 25 | -77.9% | 18.0% | ||
| Q3 25 | -66.3% | 6.5% | ||
| Q2 25 | -88.3% | 25.1% | ||
| Q1 25 | -79.4% | 7.8% | ||
| Q4 24 | -52.9% | -12.3% | ||
| Q3 24 | -31.8% | 3.0% | ||
| Q2 24 | -11.5% | 13.9% | ||
| Q1 24 | -84.2% | -0.6% |
资本支出强度AAOIALGM
| Q4 25 | 55.9% | 1.8% | ||
| Q3 25 | 42.4% | 3.0% | ||
| Q2 25 | 24.7% | 5.2% | ||
| Q1 25 | 28.4% | 2.8% | ||
| Q4 24 | 28.3% | 7.7% | ||
| Q3 24 | 9.7% | 5.3% | ||
| Q2 24 | 6.9% | 6.6% | ||
| Q1 24 | 14.2% | 5.9% |
现金转化率AAOIALGM
| Q4 25 | — | 5.47× | ||
| Q3 25 | — | 3.12× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
ALGM
| Automotive End Market | $164.5M | 72% |
| Industrial And Other End Market | $64.7M | 28% |
