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AEHR TEST SYSTEMS（AEHR）与INTEST CORP（INTT）财务数据对比。点击上方公司名可切换其他公司
INTEST CORP的季度营收约是AEHR TEST SYSTEMS的3.3倍（$32.8M vs $9.9M）。INTEST CORP净利率更高（3.8% vs -32.7%，领先36.5%）。INTEST CORP同比增速更快（-10.3% vs -26.5%）。INTEST CORP自由现金流更多（$-1.6M vs $-1.6M）。过去两年AEHR TEST SYSTEMS的营收复合增速更高（14.3% vs 4.9%）
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。
INTEST CORP是面向全球半导体产业的专业测试设备供应商，主营研发、生产及销售热管理系统、测试接口硬件、晶圆处理工具等产品，客户覆盖晶圆制造厂、芯片设计企业及汽车、工业电子等下游领域。
AEHR vs INTT — 直观对比
营收规模更大
INTT
是对方的3.3倍
$9.9M
营收增速更快
INTT
高出16.2%
-26.5%
净利率更高
INTT
高出36.5%
-32.7%
自由现金流更多
INTT
多$82.0K
$-1.6M
两年增速更快
AEHR
近两年复合增速
4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9M | $32.8M |
| 净利润 | $-3.2M | $1.2M |
| 毛利率 | 25.7% | 45.4% |
| 营业利润率 | -47.0% | 3.9% |
| 净利率 | -32.7% | 3.8% |
| 营收同比 | -26.5% | -10.3% |
| 净利润同比 | -214.2% | -17.4% |
| 每股收益（稀释后） | $-0.11 | $0.10 |
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AEHRINTT
| Q4 25 | $9.9M | $32.8M | ||
| Q3 25 | $11.0M | $26.2M | ||
| Q2 25 | $14.1M | $28.1M | ||
| Q1 25 | $18.3M | $26.6M | ||
| Q4 24 | $13.5M | $36.6M | ||
| Q3 24 | $13.1M | $30.3M | ||
| Q2 24 | $16.6M | $34.0M | ||
| Q1 24 | $7.6M | $29.8M |
净利润AEHRINTT
| Q4 25 | $-3.2M | $1.2M | ||
| Q3 25 | $-2.1M | $-938.0K | ||
| Q2 25 | $-2.9M | $-503.0K | ||
| Q1 25 | $-643.0K | $-2.3M | ||
| Q4 24 | $-1.0M | $1.5M | ||
| Q3 24 | $660.0K | $495.0K | ||
| Q2 24 | $23.9M | $230.0K | ||
| Q1 24 | $-1.5M | $662.0K |
毛利率AEHRINTT
| Q4 25 | 25.7% | 45.4% | ||
| Q3 25 | 33.9% | 41.9% | ||
| Q2 25 | 30.3% | 42.6% | ||
| Q1 25 | 39.2% | 41.5% | ||
| Q4 24 | 40.1% | 39.7% | ||
| Q3 24 | 54.0% | 46.3% | ||
| Q2 24 | 50.9% | 40.6% | ||
| Q1 24 | 41.7% | 43.8% |
营业利润率AEHRINTT
| Q4 25 | -47.0% | 3.9% | ||
| Q3 25 | -37.1% | -4.5% | ||
| Q2 25 | -22.7% | -3.3% | ||
| Q1 25 | -6.1% | -10.8% | ||
| Q4 24 | -11.2% | 5.7% | ||
| Q3 24 | 1.2% | 1.6% | ||
| Q2 24 | 15.3% | 1.0% | ||
| Q1 24 | -27.1% | 1.6% |
净利率AEHRINTT
| Q4 25 | -32.7% | 3.8% | ||
| Q3 25 | -19.0% | -3.6% | ||
| Q2 25 | -20.6% | -1.8% | ||
| Q1 25 | -3.5% | -8.7% | ||
| Q4 24 | -7.6% | 4.1% | ||
| Q3 24 | 5.0% | 1.6% | ||
| Q2 24 | 143.8% | 0.7% | ||
| Q1 24 | -19.4% | 2.2% |
每股收益（稀释后）AEHRINTT
| Q4 25 | $-0.11 | $0.10 | ||
| Q3 25 | $-0.07 | $-0.08 | ||
| Q2 25 | $-0.10 | $-0.04 | ||
| Q1 25 | $-0.02 | $-0.19 | ||
| Q4 24 | $-0.03 | $0.13 | ||
| Q3 24 | $0.02 | $0.04 | ||
| Q2 24 | $0.81 | $0.02 | ||
| Q1 24 | $-0.05 | $0.05 |
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 | $14.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $130.8M | $103.6M |
| 总资产 | $148.7M | $151.3M |
| 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AEHRINTT
| Q4 25 | $30.8M | $14.2M | ||
| Q3 25 | $22.7M | $16.2M | ||
| Q2 25 | $24.5M | $19.2M | ||
| Q1 25 | $29.4M | $22.0M | ||
| Q4 24 | $32.2M | $19.8M | ||
| Q3 24 | $37.8M | $18.0M | ||
| Q2 24 | $49.2M | $20.4M | ||
| Q1 24 | $47.6M | $27.3M |
总债务AEHRINTT
| Q4 25 | — | — | ||
| Q3 25 | — | $4.9M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $11.0M |
股东权益AEHRINTT
| Q4 25 | $130.8M | $103.6M | ||
| Q3 25 | $122.4M | $101.9M | ||
| Q2 25 | $122.9M | $102.6M | ||
| Q1 25 | $124.2M | $99.4M | ||
| Q4 24 | $123.2M | $99.8M | ||
| Q3 24 | $122.5M | $100.4M | ||
| Q2 24 | $111.6M | $99.5M | ||
| Q1 24 | $86.5M | $99.3M |
总资产AEHRINTT
| Q4 25 | $148.7M | $151.3M | ||
| Q3 25 | $144.1M | $148.3M | ||
| Q2 25 | $148.5M | $149.7M | ||
| Q1 25 | $145.6M | $148.0M | ||
| Q4 24 | $142.3M | $152.3M | ||
| Q3 24 | $145.9M | $158.4M | ||
| Q2 24 | $127.9M | $160.6M | ||
| Q1 24 | $101.6M | $159.5M |
负债/权益比AEHRINTT
| Q4 25 | — | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.11× |
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 | $-1.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.6M | $-1.6M |
| 自由现金流率自由现金流/营收 | -16.6% | -4.7% |
| 资本支出强度资本支出/营收 | 4.7% | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.82× |
| 过去12个月自由现金流最近4个季度 | $-11.7M | $5.7M |
8季度趋势，按日历期对齐
经营现金流AEHRINTT
| Q4 25 | $-1.2M | $-1.0M | ||
| Q3 25 | $-282.0K | $3.5M | ||
| Q2 25 | $-2.3M | $-688.0K | ||
| Q1 25 | $-1.6M | $5.5M | ||
| Q4 24 | $-5.9M | $2.6M | ||
| Q3 24 | $2.4M | $4.2M | ||
| Q2 24 | $1.2M | $-5.1M | ||
| Q1 24 | $-2.8M | $2.1M |
自由现金流AEHRINTT
| Q4 25 | $-1.6M | $-1.6M | ||
| Q3 25 | $-1.7M | $3.1M | ||
| Q2 25 | $-5.1M | $-1.1M | ||
| Q1 25 | $-3.3M | $5.3M | ||
| Q4 24 | $-6.2M | $2.4M | ||
| Q3 24 | $2.2M | $3.7M | ||
| Q2 24 | $1.2M | $-5.4M | ||
| Q1 24 | $-3.1M | $1.7M |
自由现金流率AEHRINTT
| Q4 25 | -16.6% | -4.7% | ||
| Q3 25 | -15.3% | 11.8% | ||
| Q2 25 | -36.3% | -4.1% | ||
| Q1 25 | -17.8% | 19.9% | ||
| Q4 24 | -46.0% | 6.6% | ||
| Q3 24 | 16.6% | 12.4% | ||
| Q2 24 | 7.1% | -15.9% | ||
| Q1 24 | -40.8% | 5.8% |
资本支出强度AEHRINTT
| Q4 25 | 4.7% | 1.6% | ||
| Q3 25 | 12.7% | 1.6% | ||
| Q2 25 | 20.0% | 1.6% | ||
| Q1 25 | 9.0% | 0.9% | ||
| Q4 24 | 2.4% | 0.4% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 0.3% | 0.9% | ||
| Q1 24 | 3.5% | 1.1% |
现金转化率AEHRINTT
| Q4 25 | — | -0.82× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | 3.61× | 8.58× | ||
| Q2 24 | 0.05× | -22.13× | ||
| Q1 24 | — | 3.13× |
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% |
INTT
| Environmental Technologies | $8.3M | 25% |
| Semiconductor Market | $6.9M | 21% |
| Thermal Testing Products | $6.4M | 19% |
| Service And Other Products | $4.8M | 15% |
| Oem Integrators And Distributor | $3.5M | 11% |
| Semiconductor Production Test Products | $3.0M | 9% |
