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ARRAY DIGITAL INFRASTRUCTURE, INC.（AD）与Spok Holdings, Inc（SPOK）财务数据对比。点击上方公司名可切换其他公司
Spok Holdings, Inc净利率更高（8.7% vs -2.3%，领先10.9%）。Spok Holdings, Inc同比增速更快（-0.1% vs -279.1%）。Spok Holdings, Inc自由现金流更多（$10.1M vs $-210.7M）。过去两年Spok Holdings, Inc的营收复合增速更高（NaN% vs NaN%）
Array Digital Infrastructure, Inc.是一家数字基础设施提供商，拥有、运营和开发战略布局的数据中心设施，主要服务云服务商、企业客户及电信企业，核心业务覆盖北美市场。
Spok Holdings, Inc.是一家主要服务医疗健康行业的关键通信解决方案提供商，主打统一临床通信平台、安全消息工具、警报系统和值班调度软件，帮助医护团队高效协作，缩短响应时长，提升医疗机构的患者安全水平。
AD vs SPOK — 直观对比
营收规模更大
SPOK
是对方的-0.0倍
$-1.7B
营收增速更快
SPOK
高出279.1%
-279.1%
净利率更高
SPOK
高出10.9%
-2.3%
自由现金流更多
SPOK
多$220.8M
$-210.7M
两年增速更快
SPOK
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-1.7B | $33.9M |
| 净利润 | $38.2M | $2.9M |
| 毛利率 | — | 76.7% |
| 营业利润率 | — | 11.6% |
| 净利率 | -2.3% | 8.7% |
| 营收同比 | -279.1% | -0.1% |
| 净利润同比 | 664.4% | -19.6% |
| 每股收益（稀释后） | $0.43 | $0.13 |
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ADSPOK
| Q4 25 | $-1.7B | $33.9M | ||
| Q3 25 | $47.1M | $33.9M | ||
| Q2 25 | — | $35.7M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $944.0M | $33.9M | ||
| Q3 24 | $896.0M | $34.9M | ||
| Q2 24 | $902.0M | $34.0M | ||
| Q1 24 | $925.0M | $34.9M |
净利润ADSPOK
| Q4 25 | $38.2M | $2.9M | ||
| Q3 25 | $-38.5M | $3.2M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | $5.0M | $3.6M | ||
| Q3 24 | $-79.0M | $3.7M | ||
| Q2 24 | $17.0M | $3.4M | ||
| Q1 24 | $18.0M | $4.2M |
毛利率ADSPOK
| Q4 25 | — | 76.7% | ||
| Q3 25 | 55.5% | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | 98.0% | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
营业利润率ADSPOK
| Q4 25 | — | 11.6% | ||
| Q3 25 | -113.1% | 12.9% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | -1.0% | 13.7% | ||
| Q3 24 | -10.0% | 14.2% | ||
| Q2 24 | 4.0% | 13.2% | ||
| Q1 24 | 5.5% | 14.0% |
净利率ADSPOK
| Q4 25 | -2.3% | 8.7% | ||
| Q3 25 | -81.6% | 9.5% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | 0.5% | 10.8% | ||
| Q3 24 | -8.8% | 10.5% | ||
| Q2 24 | 1.9% | 10.1% | ||
| Q1 24 | 1.9% | 12.1% |
每股收益（稀释后）ADSPOK
| Q4 25 | $0.43 | $0.13 | ||
| Q3 25 | $-0.44 | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | $0.06 | $0.17 | ||
| Q3 24 | $-0.92 | $0.18 | ||
| Q2 24 | $0.20 | $0.17 | ||
| Q1 24 | $0.20 | $0.21 |
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 | $113.4M | $25.3M |
| 总债务越低越好 | $670.3M | — |
| 股东权益账面价值 | $2.6B | $146.4M |
| 总资产 | $4.7B | $206.1M |
| 负债/权益比越低杠杆越低 | 0.26× | — |
8季度趋势，按日历期对齐
现金及短期投资ADSPOK
| Q4 25 | $113.4M | $25.3M | ||
| Q3 25 | $325.6M | $21.4M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | $144.0M | $29.1M | ||
| Q3 24 | $272.0M | $27.8M | ||
| Q2 24 | $195.0M | $23.9M | ||
| Q1 24 | $185.0M | $23.3M |
总债务ADSPOK
| Q4 25 | $670.3M | — | ||
| Q3 25 | $671.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $3.0B | — |
股东权益ADSPOK
| Q4 25 | $2.6B | $146.4M | ||
| Q3 25 | $2.5B | $148.7M | ||
| Q2 25 | — | $150.9M | ||
| Q1 25 | — | $151.7M | ||
| Q4 24 | $4.6B | $154.7M | ||
| Q3 24 | $4.6B | $156.3M | ||
| Q2 24 | $4.7B | $158.2M | ||
| Q1 24 | $4.7B | $160.2M |
总资产ADSPOK
| Q4 25 | $4.7B | $206.1M | ||
| Q3 25 | $4.9B | $209.7M | ||
| Q2 25 | — | $208.7M | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $10.4B | $217.1M | ||
| Q3 24 | $10.5B | $216.8M | ||
| Q2 24 | $10.6B | $216.4M | ||
| Q1 24 | $10.7B | $215.0M |
负债/权益比ADSPOK
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $-202.1M | $11.5M |
| 自由现金流经营现金流 - 资本支出 | $-210.7M | $10.1M |
| 自由现金流率自由现金流/营收 | 12.5% | 29.9% |
| 资本支出强度资本支出/营收 | -0.5% | 4.1% |
| 现金转化率经营现金流/净利润 | -5.29× | 3.93× |
| 过去12个月自由现金流最近4个季度 | $-321.2M | $25.2M |
8季度趋势，按日历期对齐
经营现金流ADSPOK
| Q4 25 | $-202.1M | $11.5M | ||
| Q3 25 | $-82.1M | $8.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | $122.0M | $8.4M | ||
| Q3 24 | $245.0M | $11.1M | ||
| Q2 24 | $313.0M | $7.4M | ||
| Q1 24 | $203.0M | $2.0M |
自由现金流ADSPOK
| Q4 25 | $-210.7M | $10.1M | ||
| Q3 25 | $-210.5M | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | $-16.0M | $7.5M | ||
| Q3 24 | $116.0M | $10.3M | ||
| Q2 24 | $176.0M | $6.8M | ||
| Q1 24 | $70.0M | $1.1M |
自由现金流率ADSPOK
| Q4 25 | 12.5% | 29.9% | ||
| Q3 25 | -446.8% | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | -1.7% | 22.3% | ||
| Q3 24 | 12.9% | 29.4% | ||
| Q2 24 | 19.5% | 20.0% | ||
| Q1 24 | 7.6% | 3.2% |
资本支出强度ADSPOK
| Q4 25 | -0.5% | 4.1% | ||
| Q3 25 | 272.5% | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 14.6% | 2.5% | ||
| Q3 24 | 14.4% | 2.4% | ||
| Q2 24 | 15.2% | 1.9% | ||
| Q1 24 | 14.4% | 2.5% |
现金转化率ADSPOK
| Q4 25 | -5.29× | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 24.40× | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | 18.41× | 2.17× | ||
| Q1 24 | 11.28× | 0.47× |
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
AD
暂无分部数据
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
