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Arcosa, Inc.（ACA）与INNOVATE Corp.（VATE）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是INNOVATE Corp.的1.9倍（$716.7M vs $382.7M）。Arcosa, Inc.净利率更高（7.3% vs -1.9%，领先9.2%）。INNOVATE Corp.同比增速更快（61.7% vs 7.6%）。过去两年INNOVATE Corp.的营收复合增速更高（10.2% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
ACA vs VATE — 直观对比
营收规模更大
ACA
是对方的1.9倍
$382.7M
营收增速更快
VATE
高出54.2%
7.6%
净利率更高
ACA
高出9.2%
-1.9%
两年增速更快
VATE
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $382.7M |
| 净利润 | $52.1M | $-7.4M |
| 毛利率 | 22.9% | 15.4% |
| 营业利润率 | 11.0% | 3.7% |
| 净利率 | 7.3% | -1.9% |
| 营收同比 | 7.6% | 61.7% |
| 净利润同比 | 776.6% | 55.4% |
| 每股收益（稀释后） | $1.06 | $-0.57 |
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ACAVATE
| Q4 25 | $716.7M | $382.7M | ||
| Q3 25 | $797.8M | $347.1M | ||
| Q2 25 | $736.9M | $242.0M | ||
| Q1 25 | $632.0M | $274.2M | ||
| Q4 24 | $666.2M | $236.6M | ||
| Q3 24 | $640.4M | $242.2M | ||
| Q2 24 | $664.7M | $313.1M | ||
| Q1 24 | $598.6M | $315.2M |
净利润ACAVATE
| Q4 25 | $52.1M | $-7.4M | ||
| Q3 25 | $73.0M | $-8.9M | ||
| Q2 25 | $59.7M | $-19.8M | ||
| Q1 25 | $23.6M | $-24.5M | ||
| Q4 24 | $-7.7M | $-16.6M | ||
| Q3 24 | $16.6M | $-15.0M | ||
| Q2 24 | $45.6M | $14.4M | ||
| Q1 24 | $39.2M | $-17.4M |
毛利率ACAVATE
| Q4 25 | 22.9% | 15.4% | ||
| Q3 25 | 24.1% | 14.3% | ||
| Q2 25 | 22.5% | 18.8% | ||
| Q1 25 | 19.8% | 16.6% | ||
| Q4 24 | 19.3% | 19.6% | ||
| Q3 24 | 21.3% | 19.9% | ||
| Q2 24 | 20.8% | 21.0% | ||
| Q1 24 | 18.6% | 15.4% |
营业利润率ACAVATE
| Q4 25 | 11.0% | 3.7% | ||
| Q3 25 | 14.1% | 1.8% | ||
| Q2 25 | 12.9% | 2.0% | ||
| Q1 25 | 8.8% | 1.2% | ||
| Q4 24 | 6.5% | 1.1% | ||
| Q3 24 | 5.3% | 2.4% | ||
| Q2 24 | 10.1% | 9.2% | ||
| Q1 24 | 8.9% | 0.9% |
净利率ACAVATE
| Q4 25 | 7.3% | -1.9% | ||
| Q3 25 | 9.2% | -2.6% | ||
| Q2 25 | 8.1% | -8.2% | ||
| Q1 25 | 3.7% | -8.9% | ||
| Q4 24 | -1.2% | -7.0% | ||
| Q3 24 | 2.6% | -6.2% | ||
| Q2 24 | 6.9% | 4.6% | ||
| Q1 24 | 6.5% | -5.5% |
每股收益（稀释后）ACAVATE
| Q4 25 | $1.06 | $-0.57 | ||
| Q3 25 | $1.48 | $-0.71 | ||
| Q2 25 | $1.22 | $-1.67 | ||
| Q1 25 | $0.48 | $-1.89 | ||
| Q4 24 | $-0.16 | $-0.72 | ||
| Q3 24 | $0.34 | $-1.18 | ||
| Q2 24 | $0.93 | $1.03 | ||
| Q1 24 | $0.80 | $-2.21 |
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 | $214.6M | $112.1M |
| 总债务越低越好 | $1.5B | $80.3M |
| 股东权益账面价值 | $2.6B | $-240.1M |
| 总资产 | $5.0B | $950.1M |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACAVATE
| Q4 25 | $214.6M | $112.1M | ||
| Q3 25 | $220.0M | $35.5M | ||
| Q2 25 | $189.7M | $33.4M | ||
| Q1 25 | $167.9M | $33.3M | ||
| Q4 24 | $187.3M | $48.8M | ||
| Q3 24 | $756.8M | $51.0M | ||
| Q2 24 | $103.7M | $80.2M | ||
| Q1 24 | $176.5M | $38.4M |
总债务ACAVATE
| Q4 25 | $1.5B | $80.3M | ||
| Q3 25 | $1.6B | $97.3M | ||
| Q2 25 | $1.7B | $160.1M | ||
| Q1 25 | $1.7B | $139.9M | ||
| Q4 24 | $1.7B | $500.6M | ||
| Q3 24 | $1.2B | $502.4M | ||
| Q2 24 | $699.9M | $638.3M | ||
| Q1 24 | $600.6M | $641.5M |
股东权益ACAVATE
| Q4 25 | $2.6B | $-240.1M | ||
| Q3 25 | $2.6B | $-233.3M | ||
| Q2 25 | $2.5B | $-224.8M | ||
| Q1 25 | $2.5B | $-204.2M | ||
| Q4 24 | $2.4B | $-180.4M | ||
| Q3 24 | $2.4B | $-163.1M | ||
| Q2 24 | $2.4B | $-149.0M | ||
| Q1 24 | $2.4B | $-184.4M |
总资产ACAVATE
| Q4 25 | $5.0B | $950.1M | ||
| Q3 25 | $5.1B | $913.2M | ||
| Q2 25 | $5.0B | $890.9M | ||
| Q1 25 | $4.9B | $868.0M | ||
| Q4 24 | $4.9B | $891.1M | ||
| Q3 24 | $4.4B | $897.2M | ||
| Q2 24 | $3.8B | $898.9M | ||
| Q1 24 | $3.7B | $943.5M |
负债/权益比ACAVATE
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $101.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 7.8% | — |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $175.5M | — |
8季度趋势，按日历期对齐
经营现金流ACAVATE
| Q4 25 | $120.0M | $101.1M | ||
| Q3 25 | $160.6M | $19.2M | ||
| Q2 25 | $61.2M | $40.4M | ||
| Q1 25 | $-700.0K | $-14.1M | ||
| Q4 24 | $248.2M | $41.4M | ||
| Q3 24 | $135.0M | $-28.4M | ||
| Q2 24 | $38.3M | $21.5M | ||
| Q1 24 | $80.5M | $-25.4M |
自由现金流ACAVATE
| Q4 25 | $55.8M | — | ||
| Q3 25 | $121.0M | $19.0M | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $-34.7M | $-18.8M | ||
| Q4 24 | $194.9M | $34.2M | ||
| Q3 24 | $100.6M | $-31.5M | ||
| Q2 24 | $-9.3M | $18.4M | ||
| Q1 24 | $26.1M | $-31.0M |
自由现金流率ACAVATE
| Q4 25 | 7.8% | — | ||
| Q3 25 | 15.2% | 5.5% | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | -5.5% | -6.9% | ||
| Q4 24 | 29.3% | 14.5% | ||
| Q3 24 | 15.7% | -13.0% | ||
| Q2 24 | -1.4% | 5.9% | ||
| Q1 24 | 4.4% | -9.8% |
资本支出强度ACAVATE
| Q4 25 | 9.0% | — | ||
| Q3 25 | 5.0% | 0.1% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 5.4% | 1.7% | ||
| Q4 24 | 8.0% | 3.0% | ||
| Q3 24 | 5.4% | 1.3% | ||
| Q2 24 | 7.2% | 1.0% | ||
| Q1 24 | 9.1% | 1.8% |
现金转化率ACAVATE
| Q4 25 | 2.30× | — | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | — | ||
| Q2 24 | 0.84× | 1.49× | ||
| Q1 24 | 2.05× | — |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
