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APPLIED OPTOELECTRONICS, INC.（AAOI）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是APPLIED OPTOELECTRONICS, INC.的1.5倍（$197.9M vs $134.3M），APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-104.6M），过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs 14.4%）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
AAOI vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.5倍
$134.3M
营收增速更快
AAOI
高出20.3%
13.6%
自由现金流更多
RGEN
多$122.2M
$-104.6M
两年增速更快
AAOI
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $197.9M |
| 净利润 | — | $13.3M |
| 毛利率 | 31.2% | 52.5% |
| 营业利润率 | -8.6% | 9.0% |
| 净利率 | — | 6.7% |
| 营收同比 | 33.9% | 13.6% |
| 净利润同比 | — | 143.9% |
| 每股收益（稀释后） | $-0.02 | $0.24 |
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AAOIRGEN
| Q4 25 | $134.3M | $197.9M | ||
| Q3 25 | $118.6M | $188.8M | ||
| Q2 25 | $103.0M | $182.4M | ||
| Q1 25 | $99.9M | $169.2M | ||
| Q4 24 | $100.3M | $174.1M | ||
| Q3 24 | $65.2M | $154.9M | ||
| Q2 24 | $43.3M | $154.1M | ||
| Q1 24 | $40.7M | $151.3M |
净利润AAOIRGEN
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-17.9M | $14.9M | ||
| Q2 25 | $-9.1M | $14.9M | ||
| Q1 25 | $-9.2M | $5.8M | ||
| Q4 24 | — | $-30.3M | ||
| Q3 24 | $-17.8M | $-654.0K | ||
| Q2 24 | $-26.1M | $3.3M | ||
| Q1 24 | $-23.2M | $2.1M |
毛利率AAOIRGEN
| Q4 25 | 31.2% | 52.5% | ||
| Q3 25 | 28.0% | 53.2% | ||
| Q2 25 | 30.3% | 50.0% | ||
| Q1 25 | 30.6% | 53.6% | ||
| Q4 24 | 28.7% | 26.1% | ||
| Q3 24 | 24.4% | 50.0% | ||
| Q2 24 | 22.1% | 49.8% | ||
| Q1 24 | 18.7% | 49.5% |
营业利润率AAOIRGEN
| Q4 25 | -8.6% | 9.0% | ||
| Q3 25 | -15.3% | 8.9% | ||
| Q2 25 | -15.5% | 7.6% | ||
| Q1 25 | -8.9% | 3.9% | ||
| Q4 24 | -6.5% | -17.7% | ||
| Q3 24 | -25.4% | -5.1% | ||
| Q2 24 | -60.7% | 1.0% | ||
| Q1 24 | -53.2% | 1.3% |
净利率AAOIRGEN
| Q4 25 | — | 6.7% | ||
| Q3 25 | -15.1% | 7.9% | ||
| Q2 25 | -8.8% | 8.2% | ||
| Q1 25 | -9.2% | 3.4% | ||
| Q4 24 | — | -17.4% | ||
| Q3 24 | -27.3% | -0.4% | ||
| Q2 24 | -60.4% | 2.2% | ||
| Q1 24 | -57.0% | 1.4% |
每股收益（稀释后）AAOIRGEN
| Q4 25 | $-0.02 | $0.24 | ||
| Q3 25 | $-0.28 | $0.26 | ||
| Q2 25 | $-0.16 | $0.26 | ||
| Q1 25 | $-0.18 | $0.10 | ||
| Q4 24 | $-2.82 | $-0.55 | ||
| Q3 24 | $-0.42 | $-0.01 | ||
| Q2 24 | $-0.66 | $0.06 | ||
| 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 | $767.6M |
| 总债务越低越好 | $34.0M | $542.2M |
| 股东权益账面价值 | $733.9M | $2.1B |
| 总资产 | $1.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资AAOIRGEN
| Q4 25 | $206.1M | $767.6M | ||
| Q3 25 | $137.0M | $748.7M | ||
| Q2 25 | $64.7M | $708.9M | ||
| Q1 25 | $51.1M | $697.2M | ||
| Q4 24 | $67.4M | $757.4M | ||
| Q3 24 | $34.1M | $784.0M | ||
| Q2 24 | $10.7M | $809.1M | ||
| Q1 24 | $8.4M | $780.6M |
总债务AAOIRGEN
| Q4 25 | $34.0M | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | $22.1M | — | ||
| Q4 24 | $26.7M | $525.6M | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $22.5M | — | ||
| Q1 24 | $24.1M | — |
股东权益AAOIRGEN
| Q4 25 | $733.9M | $2.1B | ||
| Q3 25 | $559.1M | $2.1B | ||
| Q2 25 | $425.0M | $2.1B | ||
| Q1 25 | $309.0M | $2.0B | ||
| Q4 24 | $229.1M | $2.0B | ||
| Q3 24 | $212.1M | $2.0B | ||
| Q2 24 | $186.5M | $2.0B | ||
| Q1 24 | $195.7M | $2.0B |
总资产AAOIRGEN
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $978.5M | $2.9B | ||
| Q2 25 | $796.9M | $2.9B | ||
| Q1 25 | $644.7M | $2.9B | ||
| Q4 24 | $547.0M | $2.8B | ||
| Q3 24 | $410.0M | $2.8B | ||
| Q2 24 | $348.0M | $2.9B | ||
| Q1 24 | $350.9M | $2.8B |
负债/权益比AAOIRGEN
| Q4 25 | 0.05× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.12× | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $17.6M |
| 自由现金流率自由现金流/营收 | -77.9% | 8.9% |
| 资本支出强度资本支出/营收 | 55.9% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-353.6M | $93.9M |
8季度趋势，按日历期对齐
经营现金流AAOIRGEN
| Q4 25 | $-29.6M | $25.7M | ||
| Q3 25 | $-28.5M | $48.1M | ||
| Q2 25 | $-65.5M | $28.6M | ||
| Q1 25 | $-50.9M | $15.0M | ||
| Q4 24 | $-24.6M | $39.2M | ||
| Q3 24 | $-14.4M | $49.3M | ||
| Q2 24 | $-2.0M | $42.2M | ||
| Q1 24 | $-28.5M | $44.7M |
自由现金流AAOIRGEN
| Q4 25 | $-104.6M | $17.6M | ||
| Q3 25 | $-78.7M | $43.4M | ||
| Q2 25 | $-91.0M | $21.5M | ||
| Q1 25 | $-79.3M | $11.4M | ||
| Q4 24 | $-53.0M | $33.6M | ||
| Q3 24 | $-20.7M | $42.3M | ||
| Q2 24 | $-5.0M | $37.4M | ||
| Q1 24 | $-34.2M | $36.4M |
自由现金流率AAOIRGEN
| Q4 25 | -77.9% | 8.9% | ||
| Q3 25 | -66.3% | 23.0% | ||
| Q2 25 | -88.3% | 11.8% | ||
| Q1 25 | -79.4% | 6.8% | ||
| Q4 24 | -52.9% | 19.3% | ||
| Q3 24 | -31.8% | 27.3% | ||
| Q2 24 | -11.5% | 24.3% | ||
| Q1 24 | -84.2% | 24.0% |
资本支出强度AAOIRGEN
| Q4 25 | 55.9% | 4.1% | ||
| Q3 25 | 42.4% | 2.5% | ||
| Q2 25 | 24.7% | 3.9% | ||
| Q1 25 | 28.4% | 2.1% | ||
| Q4 24 | 28.3% | 3.2% | ||
| Q3 24 | 9.7% | 4.5% | ||
| Q2 24 | 6.9% | 3.1% | ||
| Q1 24 | 14.2% | 5.5% |
现金转化率AAOIRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
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% |
RGEN
暂无分部数据
