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APPLIED OPTOELECTRONICS, INC.（AAOI）与PUMA BIOTECHNOLOGY, INC.（PBYI）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PUMA BIOTECHNOLOGY, INC.的1.8倍（$134.3M vs $75.5M），APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 27.7%），PUMA BIOTECHNOLOGY, INC.自由现金流更多（$14.4M vs $-104.6M），过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs 31.3%）
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。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
AAOI vs PBYI — 直观对比
营收规模更大
AAOI
是对方的1.8倍
$75.5M
营收增速更快
AAOI
高出6.2%
27.7%
自由现金流更多
PBYI
多$119.0M
$-104.6M
两年增速更快
AAOI
近两年复合增速
31.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $75.5M |
| 净利润 | — | — |
| 毛利率 | 31.2% | 69.3% |
| 营业利润率 | -8.6% | 22.7% |
| 净利率 | — | — |
| 营收同比 | 33.9% | 27.7% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.02 | $0.26 |
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AAOIPBYI
| Q4 25 | $134.3M | $75.5M | ||
| Q3 25 | $118.6M | $54.5M | ||
| Q2 25 | $103.0M | $52.4M | ||
| Q1 25 | $99.9M | $46.0M | ||
| Q4 24 | $100.3M | $59.1M | ||
| Q3 24 | $65.2M | $80.5M | ||
| Q2 24 | $43.3M | $47.1M | ||
| Q1 24 | $40.7M | $43.8M |
净利润AAOIPBYI
| Q4 25 | — | — | ||
| Q3 25 | $-17.9M | $8.8M | ||
| Q2 25 | $-9.1M | $5.9M | ||
| Q1 25 | $-9.2M | $3.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.8M | $20.3M | ||
| Q2 24 | $-26.1M | $-4.5M | ||
| Q1 24 | $-23.2M | $-4.8M |
毛利率AAOIPBYI
| Q4 25 | 31.2% | 69.3% | ||
| Q3 25 | 28.0% | 77.7% | ||
| Q2 25 | 30.3% | 76.5% | ||
| Q1 25 | 30.6% | 77.1% | ||
| Q4 24 | 28.7% | 76.4% | ||
| Q3 24 | 24.4% | 63.9% | ||
| Q2 24 | 22.1% | 77.4% | ||
| Q1 24 | 18.7% | 75.5% |
营业利润率AAOIPBYI
| Q4 25 | -8.6% | 22.7% | ||
| Q3 25 | -15.3% | 17.6% | ||
| Q2 25 | -15.5% | 12.7% | ||
| Q1 25 | -8.9% | 8.7% | ||
| Q4 24 | -6.5% | 22.6% | ||
| Q3 24 | -25.4% | 27.4% | ||
| Q2 24 | -60.7% | -4.6% | ||
| Q1 24 | -53.2% | -5.3% |
净利率AAOIPBYI
| Q4 25 | — | — | ||
| Q3 25 | -15.1% | 16.2% | ||
| Q2 25 | -8.8% | 11.2% | ||
| Q1 25 | -9.2% | 6.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -27.3% | 25.2% | ||
| Q2 24 | -60.4% | -9.6% | ||
| Q1 24 | -57.0% | -11.0% |
每股收益（稀释后）AAOIPBYI
| Q4 25 | $-0.02 | $0.26 | ||
| Q3 25 | $-0.28 | $0.17 | ||
| Q2 25 | $-0.16 | $0.12 | ||
| Q1 25 | $-0.18 | $0.06 | ||
| Q4 24 | $-2.82 | $0.40 | ||
| Q3 24 | $-0.42 | $0.41 | ||
| Q2 24 | $-0.66 | $-0.09 | ||
| Q1 24 | $-0.60 | $-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 | $206.1M | $97.5M |
| 总债务越低越好 | $34.0M | $22.7M |
| 股东权益账面价值 | $733.9M | $130.3M |
| 总资产 | $1.2B | $216.3M |
| 负债/权益比越低杠杆越低 | 0.05× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资AAOIPBYI
| Q4 25 | $206.1M | $97.5M | ||
| Q3 25 | $137.0M | $94.4M | ||
| Q2 25 | $64.7M | $96.0M | ||
| Q1 25 | $51.1M | $93.2M | ||
| Q4 24 | $67.4M | $101.0M | ||
| Q3 24 | $34.1M | $96.7M | ||
| Q2 24 | $10.7M | $96.8M | ||
| Q1 24 | $8.4M | $107.2M |
总债务AAOIPBYI
| Q4 25 | $34.0M | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | $22.1M | $56.7M | ||
| Q4 24 | $26.7M | $68.0M | ||
| Q3 24 | $29.5M | $79.3M | ||
| Q2 24 | $22.5M | $90.7M | ||
| Q1 24 | $24.1M | $102.0M |
股东权益AAOIPBYI
| Q4 25 | $733.9M | $130.3M | ||
| Q3 25 | $559.1M | $115.3M | ||
| Q2 25 | $425.0M | $104.7M | ||
| Q1 25 | $309.0M | $97.1M | ||
| Q4 24 | $229.1M | $92.1M | ||
| Q3 24 | $212.1M | $71.1M | ||
| Q2 24 | $186.5M | $48.5M | ||
| Q1 24 | $195.7M | $51.0M |
总资产AAOIPBYI
| Q4 25 | $1.2B | $216.3M | ||
| Q3 25 | $978.5M | $202.9M | ||
| Q2 25 | $796.9M | $194.9M | ||
| Q1 25 | $644.7M | $196.2M | ||
| Q4 24 | $547.0M | $213.3M | ||
| Q3 24 | $410.0M | $220.7M | ||
| Q2 24 | $348.0M | $205.0M | ||
| Q1 24 | $350.9M | $214.1M |
负债/权益比AAOIPBYI
| Q4 25 | 0.05× | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | 0.07× | 0.58× | ||
| Q4 24 | 0.12× | 0.74× | ||
| Q3 24 | 0.14× | 1.12× | ||
| Q2 24 | 0.12× | 1.87× | ||
| Q1 24 | 0.12× | 2.00× |
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 | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $14.4M |
| 自由现金流率自由现金流/营收 | -77.9% | 19.1% |
| 资本支出强度资本支出/营收 | 55.9% | 0.0% |
| 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 | $41.7M |
8季度趋势，按日历期对齐
经营现金流AAOIPBYI
| Q4 25 | $-29.6M | $14.4M | ||
| Q3 25 | $-28.5M | $9.7M | ||
| Q2 25 | $-65.5M | $14.1M | ||
| Q1 25 | $-50.9M | $3.6M | ||
| Q4 24 | $-24.6M | $15.6M | ||
| Q3 24 | $-14.4M | $11.0M | ||
| Q2 24 | $-2.0M | $1.0M | ||
| Q1 24 | $-28.5M | $11.2M |
自由现金流AAOIPBYI
| Q4 25 | $-104.6M | $14.4M | ||
| Q3 25 | $-78.7M | $9.7M | ||
| Q2 25 | $-91.0M | $14.1M | ||
| Q1 25 | $-79.3M | $3.6M | ||
| Q4 24 | $-53.0M | $15.6M | ||
| Q3 24 | $-20.7M | $11.0M | ||
| Q2 24 | $-5.0M | $1.0M | ||
| Q1 24 | $-34.2M | — |
自由现金流率AAOIPBYI
| Q4 25 | -77.9% | 19.1% | ||
| Q3 25 | -66.3% | 17.7% | ||
| Q2 25 | -88.3% | 26.8% | ||
| Q1 25 | -79.4% | 7.7% | ||
| Q4 24 | -52.9% | 26.4% | ||
| Q3 24 | -31.8% | 13.7% | ||
| Q2 24 | -11.5% | 2.1% | ||
| Q1 24 | -84.2% | — |
资本支出强度AAOIPBYI
| Q4 25 | 55.9% | 0.0% | ||
| Q3 25 | 42.4% | 0.0% | ||
| Q2 25 | 24.7% | 0.0% | ||
| Q1 25 | 28.4% | 0.1% | ||
| Q4 24 | 28.3% | 0.0% | ||
| Q3 24 | 9.7% | 0.0% | ||
| Q2 24 | 6.9% | 0.0% | ||
| Q1 24 | 14.2% | 0.0% |
现金转化率AAOIPBYI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| 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% |
PBYI
暂无分部数据
