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APPLIED OPTOELECTRONICS, INC.（AAOI）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是APPLIED OPTOELECTRONICS, INC.的1.7倍（$225.0M vs $134.3M），APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 24.9%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-104.6M），过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
AAOI vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.7倍
$134.3M
营收增速更快
AAOI
高出9.0%
24.9%
自由现金流更多
ROCK
多$130.8M
$-104.6M
两年增速更快
AAOI
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $225.0M |
| 净利润 | — | — |
| 毛利率 | 31.2% | 25.3% |
| 营业利润率 | -8.6% | 7.9% |
| 净利率 | — | — |
| 营收同比 | 33.9% | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.02 | — |
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AAOIROCK
| Q4 25 | $134.3M | $225.0M | ||
| Q3 25 | $118.6M | $310.9M | ||
| Q2 25 | $103.0M | $309.5M | ||
| Q1 25 | $99.9M | $290.0M | ||
| Q4 24 | $100.3M | $180.1M | ||
| Q3 24 | $65.2M | $277.1M | ||
| Q2 24 | $43.3M | $273.6M | ||
| Q1 24 | $40.7M | $292.5M |
净利润AAOIROCK
| Q4 25 | — | — | ||
| Q3 25 | $-17.9M | $-89.1M | ||
| Q2 25 | $-9.1M | $26.0M | ||
| Q1 25 | $-9.2M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.8M | $34.0M | ||
| Q2 24 | $-26.1M | $32.2M | ||
| Q1 24 | $-23.2M | $24.9M |
毛利率AAOIROCK
| Q4 25 | 31.2% | 25.3% | ||
| Q3 25 | 28.0% | 26.6% | ||
| Q2 25 | 30.3% | 28.4% | ||
| Q1 25 | 30.6% | 26.8% | ||
| Q4 24 | 28.7% | 29.0% | ||
| Q3 24 | 24.4% | 29.4% | ||
| Q2 24 | 22.1% | 30.5% | ||
| Q1 24 | 18.7% | 28.9% |
营业利润率AAOIROCK
| Q4 25 | -8.6% | 7.9% | ||
| Q3 25 | -15.3% | 12.8% | ||
| Q2 25 | -15.5% | 12.8% | ||
| Q1 25 | -8.9% | 8.8% | ||
| Q4 24 | -6.5% | 13.3% | ||
| Q3 24 | -25.4% | 15.6% | ||
| Q2 24 | -60.7% | 14.9% | ||
| Q1 24 | -53.2% | 10.8% |
净利率AAOIROCK
| Q4 25 | — | — | ||
| Q3 25 | -15.1% | -28.6% | ||
| Q2 25 | -8.8% | 8.4% | ||
| Q1 25 | -9.2% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | -27.3% | 12.3% | ||
| Q2 24 | -60.4% | 11.8% | ||
| Q1 24 | -57.0% | 8.5% |
每股收益（稀释后）AAOIROCK
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.28 | $-2.98 | ||
| Q2 25 | $-0.16 | $0.87 | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-2.82 | — | ||
| Q3 24 | $-0.42 | $1.11 | ||
| Q2 24 | $-0.66 | $1.05 | ||
| Q1 24 | $-0.60 | — |
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 | $115.7M |
| 总债务越低越好 | $34.0M | $0 |
| 股东权益账面价值 | $733.9M | $950.4M |
| 总资产 | $1.2B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AAOIROCK
| Q4 25 | $206.1M | $115.7M | ||
| Q3 25 | $137.0M | $89.4M | ||
| Q2 25 | $64.7M | $43.3M | ||
| Q1 25 | $51.1M | $25.1M | ||
| Q4 24 | $67.4M | $269.5M | ||
| Q3 24 | $34.1M | $228.9M | ||
| Q2 24 | $10.7M | $179.1M | ||
| Q1 24 | $8.4M | $146.7M |
总债务AAOIROCK
| Q4 25 | $34.0M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | $22.1M | $0 | ||
| Q4 24 | $26.7M | $0 | ||
| Q3 24 | $29.5M | $0 | ||
| Q2 24 | $22.5M | $0 | ||
| Q1 24 | $24.1M | $0 |
股东权益AAOIROCK
| Q4 25 | $733.9M | $950.4M | ||
| Q3 25 | $559.1M | $951.8M | ||
| Q2 25 | $425.0M | $1.0B | ||
| Q1 25 | $309.0M | $1.0B | ||
| Q4 24 | $229.1M | $1.0B | ||
| Q3 24 | $212.1M | $1.0B | ||
| Q2 24 | $186.5M | $975.7M | ||
| Q1 24 | $195.7M | $940.2M |
总资产AAOIROCK
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $978.5M | $1.4B | ||
| Q2 25 | $796.9M | $1.5B | ||
| Q1 25 | $644.7M | $1.4B | ||
| Q4 24 | $547.0M | $1.4B | ||
| Q3 24 | $410.0M | $1.4B | ||
| Q2 24 | $348.0M | $1.4B | ||
| Q1 24 | $350.9M | $1.3B |
负债/权益比AAOIROCK
| Q4 25 | 0.05× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 0.07× | 0.00× | ||
| Q4 24 | 0.12× | 0.00× | ||
| Q3 24 | 0.14× | 0.00× | ||
| Q2 24 | 0.12× | 0.00× | ||
| Q1 24 | 0.12× | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $26.2M |
| 自由现金流率自由现金流/营收 | -77.9% | 11.7% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-353.6M | $120.6M |
8季度趋势，按日历期对齐
经营现金流AAOIROCK
| Q4 25 | $-29.6M | $35.5M | ||
| Q3 25 | $-28.5M | $73.0M | ||
| Q2 25 | $-65.5M | $44.9M | ||
| Q1 25 | $-50.9M | $13.7M | ||
| Q4 24 | $-24.6M | $19.9M | ||
| Q3 24 | $-14.4M | $64.7M | ||
| Q2 24 | $-2.0M | $36.5M | ||
| Q1 24 | $-28.5M | $53.2M |
自由现金流AAOIROCK
| Q4 25 | $-104.6M | $26.2M | ||
| Q3 25 | $-78.7M | $64.8M | ||
| Q2 25 | $-91.0M | $27.3M | ||
| Q1 25 | $-79.3M | $2.3M | ||
| Q4 24 | $-53.0M | $14.1M | ||
| Q3 24 | $-20.7M | $60.5M | ||
| Q2 24 | $-5.0M | $33.5M | ||
| Q1 24 | $-34.2M | $48.8M |
自由现金流率AAOIROCK
| Q4 25 | -77.9% | 11.7% | ||
| Q3 25 | -66.3% | 20.8% | ||
| Q2 25 | -88.3% | 8.8% | ||
| Q1 25 | -79.4% | 0.8% | ||
| Q4 24 | -52.9% | 7.8% | ||
| Q3 24 | -31.8% | 21.8% | ||
| Q2 24 | -11.5% | 12.2% | ||
| Q1 24 | -84.2% | 16.7% |
资本支出强度AAOIROCK
| Q4 25 | 55.9% | 4.1% | ||
| Q3 25 | 42.4% | 2.6% | ||
| Q2 25 | 24.7% | 5.7% | ||
| Q1 25 | 28.4% | 3.9% | ||
| Q4 24 | 28.3% | 3.3% | ||
| Q3 24 | 9.7% | 1.5% | ||
| Q2 24 | 6.9% | 1.1% | ||
| Q1 24 | 14.2% | 1.5% |
现金转化率AAOIROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
