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APPLIED OPTOELECTRONICS, INC.（AAOI）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是APPLIED OPTOELECTRONICS, INC.的1.1倍（$151.1M vs $134.3M），APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 3.6%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-104.6M），过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs 5.1%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
AAOI vs RGR — 直观对比
营收规模更大
RGR
是对方的1.1倍
$134.3M
营收增速更快
AAOI
高出30.3%
3.6%
自由现金流更多
RGR
多$116.9M
$-104.6M
两年增速更快
AAOI
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $151.1M |
| 净利润 | — | — |
| 毛利率 | 31.2% | 17.8% |
| 营业利润率 | -8.6% | 2.3% |
| 净利率 | — | — |
| 营收同比 | 33.9% | 3.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.02 | $0.22 |
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AAOIRGR
| Q4 25 | $134.3M | $151.1M | ||
| Q3 25 | $118.6M | $126.8M | ||
| Q2 25 | $103.0M | $132.5M | ||
| Q1 25 | $99.9M | $135.7M | ||
| Q4 24 | $100.3M | $145.8M | ||
| Q3 24 | $65.2M | $122.3M | ||
| Q2 24 | $43.3M | $130.8M | ||
| Q1 24 | $40.7M | $136.8M |
净利润AAOIRGR
| Q4 25 | — | — | ||
| Q3 25 | $-17.9M | $1.6M | ||
| Q2 25 | $-9.1M | $-17.2M | ||
| Q1 25 | $-9.2M | $7.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.8M | $4.7M | ||
| Q2 24 | $-26.1M | $8.3M | ||
| Q1 24 | $-23.2M | $7.1M |
毛利率AAOIRGR
| Q4 25 | 31.2% | 17.8% | ||
| Q3 25 | 28.0% | 15.1% | ||
| Q2 25 | 30.3% | 3.9% | ||
| Q1 25 | 30.6% | 22.0% | ||
| Q4 24 | 28.7% | 22.8% | ||
| Q3 24 | 24.4% | 18.5% | ||
| Q2 24 | 22.1% | 22.3% | ||
| Q1 24 | 18.7% | 21.5% |
营业利润率AAOIRGR
| Q4 25 | -8.6% | 2.3% | ||
| Q3 25 | -15.3% | -2.7% | ||
| Q2 25 | -15.5% | -15.6% | ||
| Q1 25 | -8.9% | 6.2% | ||
| Q4 24 | -6.5% | 7.8% | ||
| Q3 24 | -25.4% | 3.1% | ||
| Q2 24 | -60.7% | 6.9% | ||
| Q1 24 | -53.2% | 5.5% |
净利率AAOIRGR
| Q4 25 | — | — | ||
| Q3 25 | -15.1% | 1.2% | ||
| Q2 25 | -8.8% | -13.0% | ||
| Q1 25 | -9.2% | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | -27.3% | 3.9% | ||
| Q2 24 | -60.4% | 6.3% | ||
| Q1 24 | -57.0% | 5.2% |
每股收益（稀释后）AAOIRGR
| Q4 25 | $-0.02 | $0.22 | ||
| Q3 25 | $-0.28 | $0.10 | ||
| Q2 25 | $-0.16 | $-1.05 | ||
| Q1 25 | $-0.18 | $0.46 | ||
| Q4 24 | $-2.82 | $0.62 | ||
| Q3 24 | $-0.42 | $0.28 | ||
| Q2 24 | $-0.66 | $0.47 | ||
| Q1 24 | $-0.60 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | $34.0M | — |
| 股东权益账面价值 | $733.9M | $283.8M |
| 总资产 | $1.2B | $342.0M |
| 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AAOIRGR
| Q4 25 | $206.1M | $92.5M | ||
| Q3 25 | $137.0M | $80.8M | ||
| Q2 25 | $64.7M | $101.4M | ||
| Q1 25 | $51.1M | $108.3M | ||
| Q4 24 | $67.4M | $105.5M | ||
| Q3 24 | $34.1M | $96.0M | ||
| Q2 24 | $10.7M | $105.6M | ||
| Q1 24 | $8.4M | $115.3M |
总债务AAOIRGR
| 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AAOIRGR
| Q4 25 | $733.9M | $283.8M | ||
| Q3 25 | $559.1M | $279.6M | ||
| Q2 25 | $425.0M | $289.3M | ||
| Q1 25 | $309.0M | $321.5M | ||
| Q4 24 | $229.1M | $319.6M | ||
| Q3 24 | $212.1M | $314.9M | ||
| Q2 24 | $186.5M | $321.5M | ||
| Q1 24 | $195.7M | $332.0M |
总资产AAOIRGR
| Q4 25 | $1.2B | $342.0M | ||
| Q3 25 | $978.5M | $342.3M | ||
| Q2 25 | $796.9M | $349.5M | ||
| Q1 25 | $644.7M | $379.0M | ||
| Q4 24 | $547.0M | $384.0M | ||
| Q3 24 | $410.0M | $373.5M | ||
| Q2 24 | $348.0M | $376.7M | ||
| Q1 24 | $350.9M | $385.0M |
负债/权益比AAOIRGR
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $12.3M |
| 自由现金流率自由现金流/营收 | -77.9% | 8.2% |
| 资本支出强度资本支出/营收 | 55.9% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流AAOIRGR
| Q4 25 | $-29.6M | $15.5M | ||
| Q3 25 | $-28.5M | $12.9M | ||
| Q2 25 | $-65.5M | $14.7M | ||
| Q1 25 | $-50.9M | $11.1M | ||
| Q4 24 | $-24.6M | $20.0M | ||
| Q3 24 | $-14.4M | $9.4M | ||
| Q2 24 | $-2.0M | $18.7M | ||
| Q1 24 | $-28.5M | $7.3M |
自由现金流AAOIRGR
| Q4 25 | $-104.6M | $12.3M | ||
| Q3 25 | $-78.7M | $7.0M | ||
| Q2 25 | $-91.0M | $9.1M | ||
| Q1 25 | $-79.3M | $10.0M | ||
| Q4 24 | $-53.0M | $16.4M | ||
| Q3 24 | $-20.7M | $2.6M | ||
| Q2 24 | $-5.0M | $10.1M | ||
| Q1 24 | $-34.2M | $5.6M |
自由现金流率AAOIRGR
| Q4 25 | -77.9% | 8.2% | ||
| Q3 25 | -66.3% | 5.5% | ||
| Q2 25 | -88.3% | 6.9% | ||
| Q1 25 | -79.4% | 7.4% | ||
| Q4 24 | -52.9% | 11.2% | ||
| Q3 24 | -31.8% | 2.1% | ||
| Q2 24 | -11.5% | 7.7% | ||
| Q1 24 | -84.2% | 4.1% |
资本支出强度AAOIRGR
| Q4 25 | 55.9% | 2.1% | ||
| Q3 25 | 42.4% | 4.6% | ||
| Q2 25 | 24.7% | 4.2% | ||
| Q1 25 | 28.4% | 0.8% | ||
| Q4 24 | 28.3% | 2.5% | ||
| Q3 24 | 9.7% | 5.5% | ||
| Q2 24 | 6.9% | 6.6% | ||
| Q1 24 | 14.2% | 1.3% |
现金转化率AAOIRGR
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
