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AEHR TEST SYSTEMS（AEHR）与ALLIENT INC（ALNT）财务数据对比。点击上方公司名可切换其他公司
ALLIENT INC的季度营收约是AEHR TEST SYSTEMS的14.5倍（$143.4M vs $9.9M）。ALLIENT INC净利率更高（4.5% vs -32.7%，领先37.1%）。ALLIENT INC同比增速更快（17.5% vs -26.5%）。ALLIENT INC自由现金流更多（$11.7M vs $-1.6M）。过去两年AEHR TEST SYSTEMS的营收复合增速更高（14.3% vs -1.2%）
Aehr Test Systems是全球半导体测试领域供应商，主要设计、生产和销售先进的半导体老化测试设备，服务于芯片制造商、封测厂商及芯片设计企业，产品用于逻辑芯片、存储芯片、功率半导体的可靠性验证，业务覆盖北美、亚洲、欧洲等主要市场。
Allient Inc是一家全球化技术制造企业，主营精密运动、控制及电源解决方案的设计、生产与分销，核心服务航空航天、国防、医疗设备、工业自动化、商用出行等领域，业务覆盖北美、欧洲及亚太地区。
AEHR vs ALNT — 直观对比
营收规模更大
ALNT
是对方的14.5倍
$9.9M
营收增速更快
ALNT
高出44.0%
-26.5%
净利率更高
ALNT
高出37.1%
-32.7%
自由现金流更多
ALNT
多$13.3M
$-1.6M
两年增速更快
AEHR
近两年复合增速
-1.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9M | $143.4M |
| 净利润 | $-3.2M | $6.4M |
| 毛利率 | 25.7% | 32.4% |
| 营业利润率 | -47.0% | 7.9% |
| 净利率 | -32.7% | 4.5% |
| 营收同比 | -26.5% | 17.5% |
| 净利润同比 | -214.2% | 111.8% |
| 每股收益（稀释后） | $-0.11 | $0.38 |
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AEHRALNT
| Q4 25 | $9.9M | $143.4M | ||
| Q3 25 | $11.0M | $138.7M | ||
| Q2 25 | $14.1M | $139.6M | ||
| Q1 25 | $18.3M | $132.8M | ||
| Q4 24 | $13.5M | $122.0M | ||
| Q3 24 | $13.1M | $125.2M | ||
| Q2 24 | $16.6M | $136.0M | ||
| Q1 24 | $7.6M | $146.7M |
净利润AEHRALNT
| Q4 25 | $-3.2M | $6.4M | ||
| Q3 25 | $-2.1M | $6.5M | ||
| Q2 25 | $-2.9M | $5.6M | ||
| Q1 25 | $-643.0K | $3.6M | ||
| Q4 24 | $-1.0M | $3.0M | ||
| Q3 24 | $660.0K | $2.1M | ||
| Q2 24 | $23.9M | $1.1M | ||
| Q1 24 | $-1.5M | $6.9M |
毛利率AEHRALNT
| Q4 25 | 25.7% | 32.4% | ||
| Q3 25 | 33.9% | 33.3% | ||
| Q2 25 | 30.3% | 33.2% | ||
| Q1 25 | 39.2% | 32.2% | ||
| Q4 24 | 40.1% | 31.5% | ||
| Q3 24 | 54.0% | 31.4% | ||
| Q2 24 | 50.9% | 29.9% | ||
| Q1 24 | 41.7% | 32.3% |
营业利润率AEHRALNT
| Q4 25 | -47.0% | 7.9% | ||
| Q3 25 | -37.1% | 8.8% | ||
| Q2 25 | -22.7% | 8.4% | ||
| Q1 25 | -6.1% | 6.6% | ||
| Q4 24 | -11.2% | 5.3% | ||
| Q3 24 | 1.2% | 5.3% | ||
| Q2 24 | 15.3% | 3.6% | ||
| Q1 24 | -27.1% | 8.2% |
净利率AEHRALNT
| Q4 25 | -32.7% | 4.5% | ||
| Q3 25 | -19.0% | 4.7% | ||
| Q2 25 | -20.6% | 4.0% | ||
| Q1 25 | -3.5% | 2.7% | ||
| Q4 24 | -7.6% | 2.5% | ||
| Q3 24 | 5.0% | 1.7% | ||
| Q2 24 | 143.8% | 0.8% | ||
| Q1 24 | -19.4% | 4.7% |
每股收益（稀释后）AEHRALNT
| Q4 25 | $-0.11 | $0.38 | ||
| Q3 25 | $-0.07 | $0.39 | ||
| Q2 25 | $-0.10 | $0.34 | ||
| Q1 25 | $-0.02 | $0.21 | ||
| Q4 24 | $-0.03 | $0.17 | ||
| Q3 24 | $0.02 | $0.13 | ||
| Q2 24 | $0.81 | $0.07 | ||
| Q1 24 | $-0.05 | $0.42 |
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 | $30.8M | $40.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $130.8M | $301.5M |
| 总资产 | $148.7M | $577.6M |
| 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AEHRALNT
| Q4 25 | $30.8M | $40.7M | ||
| Q3 25 | $22.7M | $39.5M | ||
| Q2 25 | $24.5M | $49.9M | ||
| Q1 25 | $29.4M | $47.8M | ||
| Q4 24 | $32.2M | $36.1M | ||
| Q3 24 | $37.8M | $37.1M | ||
| Q2 24 | $49.2M | $31.3M | ||
| Q1 24 | $47.6M | $31.5M |
股东权益AEHRALNT
| Q4 25 | $130.8M | $301.5M | ||
| Q3 25 | $122.4M | $294.2M | ||
| Q2 25 | $122.9M | $289.1M | ||
| Q1 25 | $124.2M | $272.8M | ||
| Q4 24 | $123.2M | $264.9M | ||
| Q3 24 | $122.5M | $272.9M | ||
| Q2 24 | $111.6M | $265.7M | ||
| Q1 24 | $86.5M | $267.1M |
总资产AEHRALNT
| Q4 25 | $148.7M | $577.6M | ||
| Q3 25 | $144.1M | $585.1M | ||
| Q2 25 | $148.5M | $588.1M | ||
| Q1 25 | $145.6M | $586.9M | ||
| Q4 24 | $142.3M | $575.8M | ||
| Q3 24 | $145.9M | $596.4M | ||
| Q2 24 | $127.9M | $595.8M | ||
| Q1 24 | $101.6M | $611.6M |
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 | $-1.2M | $13.6M |
| 自由现金流经营现金流 - 资本支出 | $-1.6M | $11.7M |
| 自由现金流率自由现金流/营收 | -16.6% | 8.1% |
| 资本支出强度资本支出/营收 | 4.7% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $-11.7M | $49.7M |
8季度趋势，按日历期对齐
经营现金流AEHRALNT
| Q4 25 | $-1.2M | $13.6M | ||
| Q3 25 | $-282.0K | $4.7M | ||
| Q2 25 | $-2.3M | $24.5M | ||
| Q1 25 | $-1.6M | $13.9M | ||
| Q4 24 | $-5.9M | $12.4M | ||
| Q3 24 | $2.4M | $12.1M | ||
| Q2 24 | $1.2M | $8.2M | ||
| Q1 24 | $-2.8M | $9.2M |
自由现金流AEHRALNT
| Q4 25 | $-1.6M | $11.7M | ||
| Q3 25 | $-1.7M | $2.8M | ||
| Q2 25 | $-5.1M | $22.4M | ||
| Q1 25 | $-3.3M | $12.9M | ||
| Q4 24 | $-6.2M | $9.6M | ||
| Q3 24 | $2.2M | $10.5M | ||
| Q2 24 | $1.2M | $5.8M | ||
| Q1 24 | $-3.1M | $6.2M |
自由现金流率AEHRALNT
| Q4 25 | -16.6% | 8.1% | ||
| Q3 25 | -15.3% | 2.0% | ||
| Q2 25 | -36.3% | 16.0% | ||
| Q1 25 | -17.8% | 9.7% | ||
| Q4 24 | -46.0% | 7.9% | ||
| Q3 24 | 16.6% | 8.4% | ||
| Q2 24 | 7.1% | 4.3% | ||
| Q1 24 | -40.8% | 4.2% |
资本支出强度AEHRALNT
| Q4 25 | 4.7% | 1.3% | ||
| Q3 25 | 12.7% | 1.4% | ||
| Q2 25 | 20.0% | 1.5% | ||
| Q1 25 | 9.0% | 0.8% | ||
| Q4 24 | 2.4% | 2.3% | ||
| Q3 24 | 1.5% | 1.3% | ||
| Q2 24 | 0.3% | 1.7% | ||
| Q1 24 | 3.5% | 2.0% |
现金转化率AEHRALNT
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 4.36× | ||
| Q1 25 | — | 3.92× | ||
| Q4 24 | — | 4.11× | ||
| Q3 24 | 3.61× | 5.75× | ||
| Q2 24 | 0.05× | 7.13× | ||
| Q1 24 | — | 1.33× |
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
AEHR
| Systems | $5.0M | 50% |
| Contactors | $3.4M | 35% |
| Services | $1.5M | 15% |
ALNT
| Industrial And Electronics | $69.5M | 48% |
| Vehicle | $25.7M | 18% |
| Other | $20.9M | 15% |
| Aerospace And Defense | $20.6M | 14% |
| Distribution And Other Target Market | $6.7M | 5% |
