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ADTRAN Holdings, Inc.（ADTN）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
ADTRAN Holdings, Inc.的季度营收约是STURM RUGER & CO INC的1.9倍（$291.6M vs $151.1M），ADTRAN Holdings, Inc.同比增速更快（20.1% vs 3.6%），ADTRAN Holdings, Inc.自由现金流更多（$30.6M vs $12.3M），过去两年ADTRAN Holdings, Inc.的营收复合增速更高（13.5% vs 5.1%）
ADTRAN Holdings, Inc.是一家总部位于美国阿拉巴马州亨茨维尔的光纤网络与电信企业，主要面向通信服务商、政府机构、企业及公共事业单位，供应面向住宅用户与企业级的网络硬件设备，同时提供用于网络管理与部署的管理软件。
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。
ADTN vs RGR — 直观对比
营收规模更大
ADTN
是对方的1.9倍
$151.1M
营收增速更快
ADTN
高出16.4%
3.6%
自由现金流更多
ADTN
多$18.2M
$12.3M
两年增速更快
ADTN
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.6M | $151.1M |
| 净利润 | $-3.6M | — |
| 毛利率 | 39.0% | 17.8% |
| 营业利润率 | 1.5% | 2.3% |
| 净利率 | -1.2% | — |
| 营收同比 | 20.1% | 3.6% |
| 净利润同比 | 92.2% | — |
| 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ADTNRGR
| Q4 25 | $291.6M | $151.1M | ||
| Q3 25 | $279.4M | $126.8M | ||
| Q2 25 | $265.1M | $132.5M | ||
| Q1 25 | $247.7M | $135.7M | ||
| Q4 24 | $242.9M | $145.8M | ||
| Q3 24 | $227.7M | $122.3M | ||
| Q2 24 | $226.0M | $130.8M | ||
| Q1 24 | $226.2M | $136.8M |
净利润ADTNRGR
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.3M | $1.6M | ||
| Q2 25 | $-20.5M | $-17.2M | ||
| Q1 25 | $-11.3M | $7.8M | ||
| Q4 24 | $-46.1M | — | ||
| Q3 24 | $-33.3M | $4.7M | ||
| Q2 24 | $-49.7M | $8.3M | ||
| Q1 24 | $-330.8M | $7.1M |
毛利率ADTNRGR
| Q4 25 | 39.0% | 17.8% | ||
| Q3 25 | 38.3% | 15.1% | ||
| Q2 25 | 37.3% | 3.9% | ||
| Q1 25 | 38.4% | 22.0% | ||
| Q4 24 | 36.9% | 22.8% | ||
| Q3 24 | 36.5% | 18.5% | ||
| Q2 24 | 36.0% | 22.3% | ||
| Q1 24 | 31.1% | 21.5% |
营业利润率ADTNRGR
| Q4 25 | 1.5% | 2.3% | ||
| Q3 25 | -1.0% | -2.7% | ||
| Q2 25 | -5.0% | -15.6% | ||
| Q1 25 | -1.6% | 6.2% | ||
| Q4 24 | -6.9% | 7.8% | ||
| Q3 24 | -11.5% | 3.1% | ||
| Q2 24 | -17.0% | 6.9% | ||
| Q1 24 | -153.1% | 5.5% |
净利率ADTNRGR
| Q4 25 | -1.2% | — | ||
| Q3 25 | -3.7% | 1.2% | ||
| Q2 25 | -7.7% | -13.0% | ||
| Q1 25 | -4.5% | 5.7% | ||
| Q4 24 | -19.0% | — | ||
| Q3 24 | -14.6% | 3.9% | ||
| Q2 24 | -22.0% | 6.3% | ||
| Q1 24 | -146.2% | 5.2% |
每股收益（稀释后）ADTNRGR
| Q4 25 | $-0.02 | $0.22 | ||
| Q3 25 | $-0.12 | $0.10 | ||
| Q2 25 | $-0.24 | $-1.05 | ||
| Q1 25 | $-0.14 | $0.46 | ||
| Q4 24 | $-0.58 | $0.62 | ||
| Q3 24 | $-0.38 | $0.28 | ||
| Q2 24 | $-0.63 | $0.47 | ||
| Q1 24 | $-4.20 | $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 | $95.7M | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $145.8M | $283.8M |
| 总资产 | $1.2B | $342.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADTNRGR
| Q4 25 | $95.7M | $92.5M | ||
| Q3 25 | $93.7M | $80.8M | ||
| Q2 25 | $106.3M | $101.4M | ||
| Q1 25 | $101.3M | $108.3M | ||
| Q4 24 | $76.0M | $105.5M | ||
| Q3 24 | $88.5M | $96.0M | ||
| Q2 24 | $111.2M | $105.6M | ||
| Q1 24 | $106.8M | $115.3M |
股东权益ADTNRGR
| Q4 25 | $145.8M | $283.8M | ||
| Q3 25 | $141.6M | $279.6M | ||
| Q2 25 | $169.6M | $289.3M | ||
| Q1 25 | $138.9M | $321.5M | ||
| Q4 24 | $127.0M | $319.6M | ||
| Q3 24 | $205.6M | $314.9M | ||
| Q2 24 | $213.6M | $321.5M | ||
| Q1 24 | $260.8M | $332.0M |
总资产ADTNRGR
| Q4 25 | $1.2B | $342.0M | ||
| Q3 25 | $1.2B | $342.3M | ||
| Q2 25 | $1.2B | $349.5M | ||
| Q1 25 | $1.2B | $379.0M | ||
| Q4 24 | $1.2B | $384.0M | ||
| Q3 24 | $1.3B | $373.5M | ||
| Q2 24 | $1.3B | $376.7M | ||
| Q1 24 | $1.3B | $385.0M |
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 | $42.2M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $30.6M | $12.3M |
| 自由现金流率自由现金流/营收 | 10.5% | 8.2% |
| 资本支出强度资本支出/营收 | 4.0% | 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 | $98.0M | $38.5M |
8季度趋势，按日历期对齐
经营现金流ADTNRGR
| Q4 25 | $42.2M | $15.5M | ||
| Q3 25 | $12.2M | $12.9M | ||
| Q2 25 | $32.2M | $14.7M | ||
| Q1 25 | $43.2M | $11.1M | ||
| Q4 24 | $2.4M | $20.0M | ||
| Q3 24 | $43.3M | $9.4M | ||
| Q2 24 | $19.9M | $18.7M | ||
| Q1 24 | $37.9M | $7.3M |
自由现金流ADTNRGR
| Q4 25 | $30.6M | $12.3M | ||
| Q3 25 | $4.2M | $7.0M | ||
| Q2 25 | $27.5M | $9.1M | ||
| Q1 25 | $35.8M | $10.0M | ||
| Q4 24 | $-895.0K | $16.4M | ||
| Q3 24 | $37.1M | $2.6M | ||
| Q2 24 | $8.4M | $10.1M | ||
| Q1 24 | $24.4M | $5.6M |
自由现金流率ADTNRGR
| Q4 25 | 10.5% | 8.2% | ||
| Q3 25 | 1.5% | 5.5% | ||
| Q2 25 | 10.4% | 6.9% | ||
| Q1 25 | 14.4% | 7.4% | ||
| Q4 24 | -0.4% | 11.2% | ||
| Q3 24 | 16.3% | 2.1% | ||
| Q2 24 | 3.7% | 7.7% | ||
| Q1 24 | 10.8% | 4.1% |
资本支出强度ADTNRGR
| Q4 25 | 4.0% | 2.1% | ||
| Q3 25 | 2.9% | 4.6% | ||
| Q2 25 | 1.8% | 4.2% | ||
| Q1 25 | 3.0% | 0.8% | ||
| Q4 24 | 1.4% | 2.5% | ||
| Q3 24 | 2.7% | 5.5% | ||
| Q2 24 | 5.1% | 6.6% | ||
| Q1 24 | 6.0% | 1.3% |
现金转化率ADTNRGR
| 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
ADTN
| Subscriber Solutions | $96.2M | 33% |
| Optical Networking Solutions | $81.8M | 28% |
| Access Aggregation Solutions | $64.6M | 22% |
| Services And Support | $48.9M | 17% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
