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ADTRAN Holdings, Inc.（ADTN）与ROGERS CORP（ROG）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ROGERS CORP的1.5倍（$291.6M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -1.2%，领先3.5%），ADTRAN Holdings, Inc.同比增速更快（20.1% vs 5.2%），ADTRAN Holdings, Inc.自由现金流更多（$30.6M vs $1.1M），过去两年ADTRAN Holdings, Inc.的营收复合增速更高（13.5% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
ADTN vs ROG — 直观对比
营收规模更大
ADTN
是对方的1.5倍
$200.5M
营收增速更快
ADTN
高出14.8%
5.2%
净利率更高
ROG
高出3.5%
-1.2%
自由现金流更多
ADTN
多$29.5M
$1.1M
两年增速更快
ADTN
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.6M | $200.5M |
| 净利润 | $-3.6M | $4.5M |
| 毛利率 | 39.0% | 32.2% |
| 营业利润率 | 1.5% | — |
| 净利率 | -1.2% | 2.2% |
| 营收同比 | 20.1% | 5.2% |
| 净利润同比 | 92.2% | 421.4% |
| 每股收益（稀释后） | $-0.02 | $0.25 |
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ADTNROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $291.6M | $201.5M | ||
| Q3 25 | $279.4M | $216.0M | ||
| Q2 25 | $265.1M | $202.8M | ||
| Q1 25 | $247.7M | $190.5M | ||
| Q4 24 | $242.9M | $192.2M | ||
| Q3 24 | $227.7M | $210.3M | ||
| Q2 24 | $226.0M | $214.2M |
净利润ADTNROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-3.6M | $4.6M | ||
| Q3 25 | $-10.3M | $8.6M | ||
| Q2 25 | $-20.5M | $-73.6M | ||
| Q1 25 | $-11.3M | $-1.4M | ||
| Q4 24 | $-46.1M | $-500.0K | ||
| Q3 24 | $-33.3M | $10.7M | ||
| Q2 24 | $-49.7M | $8.1M |
毛利率ADTNROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | 39.0% | 31.5% | ||
| Q3 25 | 38.3% | 33.5% | ||
| Q2 25 | 37.3% | 31.6% | ||
| Q1 25 | 38.4% | 29.9% | ||
| Q4 24 | 36.9% | 32.1% | ||
| Q3 24 | 36.5% | 35.2% | ||
| Q2 24 | 36.0% | 34.1% |
营业利润率ADTNROG
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 3.5% | ||
| Q3 25 | -1.0% | 7.3% | ||
| Q2 25 | -5.0% | -33.3% | ||
| Q1 25 | -1.6% | -0.2% | ||
| Q4 24 | -6.9% | -6.6% | ||
| Q3 24 | -11.5% | 6.9% | ||
| Q2 24 | -17.0% | 5.3% |
净利率ADTNROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | -1.2% | 2.3% | ||
| Q3 25 | -3.7% | 4.0% | ||
| Q2 25 | -7.7% | -36.3% | ||
| Q1 25 | -4.5% | -0.7% | ||
| Q4 24 | -19.0% | -0.3% | ||
| Q3 24 | -14.6% | 5.1% | ||
| Q2 24 | -22.0% | 3.8% |
每股收益（稀释后）ADTNROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.02 | $0.20 | ||
| Q3 25 | $-0.12 | $0.48 | ||
| Q2 25 | $-0.24 | $-4.00 | ||
| Q1 25 | $-0.14 | $-0.08 | ||
| Q4 24 | $-0.58 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.58 | ||
| Q2 24 | $-0.63 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $145.8M | $1.2B |
| 总资产 | $1.2B | $1.4B |
| 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ADTNROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $95.7M | $197.0M | ||
| Q3 25 | $93.7M | $167.8M | ||
| Q2 25 | $106.3M | $157.2M | ||
| Q1 25 | $101.3M | $175.6M | ||
| Q4 24 | $76.0M | $159.8M | ||
| Q3 24 | $88.5M | $146.4M | ||
| Q2 24 | $111.2M | $119.9M |
股东权益ADTNROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $145.8M | $1.2B | ||
| Q3 25 | $141.6M | $1.2B | ||
| Q2 25 | $169.6M | $1.2B | ||
| Q1 25 | $138.9M | $1.3B | ||
| Q4 24 | $127.0M | $1.3B | ||
| Q3 24 | $205.6M | $1.3B | ||
| Q2 24 | $213.6M | $1.3B |
总资产ADTNROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $30.6M | $1.1M |
| 自由现金流率自由现金流/营收 | 10.5% | 0.5% |
| 资本支出强度资本支出/营收 | 4.0% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | $98.0M | $70.1M |
8季度趋势，按日历期对齐
经营现金流ADTNROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $42.2M | $46.9M | ||
| Q3 25 | $12.2M | $28.9M | ||
| Q2 25 | $32.2M | $13.7M | ||
| Q1 25 | $43.2M | $11.7M | ||
| Q4 24 | $2.4M | $33.7M | ||
| Q3 24 | $43.3M | $42.4M | ||
| Q2 24 | $19.9M | $22.9M |
自由现金流ADTNROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $30.6M | $42.2M | ||
| Q3 25 | $4.2M | $21.2M | ||
| Q2 25 | $27.5M | $5.6M | ||
| Q1 25 | $35.8M | $2.1M | ||
| Q4 24 | $-895.0K | $18.3M | ||
| Q3 24 | $37.1M | $25.2M | ||
| Q2 24 | $8.4M | $8.8M |
自由现金流率ADTNROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | 10.5% | 20.9% | ||
| Q3 25 | 1.5% | 9.8% | ||
| Q2 25 | 10.4% | 2.8% | ||
| Q1 25 | 14.4% | 1.1% | ||
| Q4 24 | -0.4% | 9.5% | ||
| Q3 24 | 16.3% | 12.0% | ||
| Q2 24 | 3.7% | 4.1% |
资本支出强度ADTNROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 4.0% | 2.3% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 3.0% | 5.0% | ||
| Q4 24 | 1.4% | 8.0% | ||
| Q3 24 | 2.7% | 8.2% | ||
| Q2 24 | 5.1% | 6.6% |
现金转化率ADTNROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
暂无分部数据
