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APPLIED OPTOELECTRONICS, INC.（AAOI）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是APPLIED OPTOELECTRONICS, INC.的1.4倍（$188.3M vs $134.3M），APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs -21.9%），过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs -15.4%）
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。
AAOI vs RILY — 直观对比
营收规模更大
RILY
是对方的1.4倍
$134.3M
营收增速更快
AAOI
高出55.8%
-21.9%
两年增速更快
AAOI
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $188.3M |
| 净利润 | — | $90.3M |
| 毛利率 | 31.2% | 79.5% |
| 营业利润率 | -8.6% | 32.3% |
| 净利率 | — | 47.9% |
| 营收同比 | 33.9% | -21.9% |
| 净利润同比 | — | 1710.8% |
| 每股收益（稀释后） | $-0.02 | $2.78 |
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AAOIRILY
| Q4 25 | $134.3M | $188.3M | ||
| Q3 25 | $118.6M | $215.3M | ||
| Q2 25 | $103.0M | $188.2M | ||
| Q1 25 | $99.9M | $197.2M | ||
| Q4 24 | $100.3M | $241.0M | ||
| Q3 24 | $65.2M | $225.5M | ||
| Q2 24 | $43.3M | $256.0M | ||
| Q1 24 | $40.7M | $263.4M |
净利润AAOIRILY
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-17.9M | $91.1M | ||
| Q2 25 | $-9.1M | $139.5M | ||
| Q1 25 | $-9.2M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $-17.8M | $-284.4M | ||
| Q2 24 | $-26.1M | $-433.6M | ||
| Q1 24 | $-23.2M | $-49.2M |
毛利率AAOIRILY
| Q4 25 | 31.2% | 79.5% | ||
| Q3 25 | 28.0% | 83.7% | ||
| Q2 25 | 30.3% | 81.3% | ||
| Q1 25 | 30.6% | 81.4% | ||
| Q4 24 | 28.7% | 79.8% | ||
| Q3 24 | 24.4% | 82.1% | ||
| Q2 24 | 22.1% | 84.5% | ||
| Q1 24 | 18.7% | 85.3% |
营业利润率AAOIRILY
| Q4 25 | -8.6% | 32.3% | ||
| Q3 25 | -15.3% | 30.4% | ||
| Q2 25 | -15.5% | 5.7% | ||
| Q1 25 | -8.9% | -31.2% | ||
| Q4 24 | -6.5% | -69.2% | ||
| Q3 24 | -25.4% | -36.4% | ||
| Q2 24 | -60.7% | -90.8% | ||
| Q1 24 | -53.2% | -6.1% |
净利率AAOIRILY
| Q4 25 | — | 47.9% | ||
| Q3 25 | -15.1% | 42.3% | ||
| Q2 25 | -8.8% | 74.1% | ||
| Q1 25 | -9.2% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -27.3% | -126.1% | ||
| Q2 24 | -60.4% | -169.4% | ||
| Q1 24 | -57.0% | -18.7% |
每股收益（稀释后）AAOIRILY
| Q4 25 | $-0.02 | $2.78 | ||
| Q3 25 | $-0.28 | $2.91 | ||
| Q2 25 | $-0.16 | $4.50 | ||
| Q1 25 | $-0.18 | $-0.39 | ||
| Q4 24 | $-2.82 | $-0.01 | ||
| Q3 24 | $-0.42 | $-9.39 | ||
| Q2 24 | $-0.66 | $-14.35 | ||
| Q1 24 | $-0.60 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $34.0M | $1.4B |
| 股东权益账面价值 | $733.9M | $-171.5M |
| 总资产 | $1.2B | $1.7B |
| 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AAOIRILY
| Q4 25 | $206.1M | $226.6M | ||
| Q3 25 | $137.0M | $184.2M | ||
| Q2 25 | $64.7M | $267.4M | ||
| Q1 25 | $51.1M | $138.3M | ||
| Q4 24 | $67.4M | $146.9M | ||
| Q3 24 | $34.1M | $159.2M | ||
| Q2 24 | $10.7M | $236.9M | ||
| Q1 24 | $8.4M | $190.7M |
总债务AAOIRILY
| Q4 25 | $34.0M | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $22.1M | $1.4B | ||
| Q4 24 | $26.7M | $1.5B | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $22.5M | — | ||
| Q1 24 | $24.1M | — |
股东权益AAOIRILY
| Q4 25 | $733.9M | $-171.5M | ||
| Q3 25 | $559.1M | $-260.5M | ||
| Q2 25 | $425.0M | $-351.7M | ||
| Q1 25 | $309.0M | $-496.8M | ||
| Q4 24 | $229.1M | $-488.2M | ||
| Q3 24 | $212.1M | $-497.6M | ||
| Q2 24 | $186.5M | $-218.3M | ||
| Q1 24 | $195.7M | $228.4M |
总资产AAOIRILY
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $978.5M | $1.7B | ||
| Q2 25 | $796.9M | $1.5B | ||
| Q1 25 | $644.7M | $1.5B | ||
| Q4 24 | $547.0M | $1.8B | ||
| Q3 24 | $410.0M | $2.2B | ||
| Q2 24 | $348.0M | $3.2B | ||
| Q1 24 | $350.9M | $5.0B |
负债/权益比AAOIRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | — |
| 自由现金流率自由现金流/营收 | -77.9% | — |
| 资本支出强度资本支出/营收 | 55.9% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $-353.6M | — |
8季度趋势，按日历期对齐
经营现金流AAOIRILY
| Q4 25 | $-29.6M | $26.2M | ||
| Q3 25 | $-28.5M | $-60.6M | ||
| Q2 25 | $-65.5M | $-25.6M | ||
| Q1 25 | $-50.9M | $184.0K | ||
| Q4 24 | $-24.6M | $-2.7M | ||
| Q3 24 | $-14.4M | $19.5M | ||
| Q2 24 | $-2.0M | $111.5M | ||
| Q1 24 | $-28.5M | $135.4M |
自由现金流AAOIRILY
| Q4 25 | $-104.6M | — | ||
| Q3 25 | $-78.7M | — | ||
| Q2 25 | $-91.0M | — | ||
| Q1 25 | $-79.3M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $-20.7M | — | ||
| Q2 24 | $-5.0M | — | ||
| Q1 24 | $-34.2M | — |
自由现金流率AAOIRILY
| Q4 25 | -77.9% | — | ||
| Q3 25 | -66.3% | — | ||
| Q2 25 | -88.3% | — | ||
| Q1 25 | -79.4% | — | ||
| Q4 24 | -52.9% | — | ||
| Q3 24 | -31.8% | — | ||
| Q2 24 | -11.5% | — | ||
| Q1 24 | -84.2% | — |
资本支出强度AAOIRILY
| Q4 25 | 55.9% | — | ||
| Q3 25 | 42.4% | — | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 28.3% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | 14.2% | — |
现金转化率AAOIRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
