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AEHR TEST SYSTEMS（AEHR）与ITRON, INC.（ITRI）财务数据对比。点击上方公司名可切换其他公司
ITRON, INC.的季度营收约是AEHR TEST SYSTEMS的57.8倍（$571.7M vs $9.9M）。ITRON, INC.净利率更高（17.8% vs -32.7%，领先50.5%）。ITRON, INC.同比增速更快（-6.7% vs -26.5%）。ITRON, INC.自由现金流更多（$111.5M vs $-1.6M）。过去两年AEHR TEST SYSTEMS的营收复合增速更高（14.3% vs -2.7%）
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。
Itron, Inc.是美国一家专注于能源与水资源管理的技术企业，总部位于华盛顿州自由湖。公司提供电、气、水及热能计量设备、控制技术、通信系统、配套软件，同时还提供托管运营及咨询服务，可对能源和水资源的消耗情况进行计量与深度分析，助力相关领域的资源高效管理。
AEHR vs ITRI — 直观对比
营收规模更大
ITRI
是对方的57.8倍
$9.9M
营收增速更快
ITRI
高出19.8%
-26.5%
净利率更高
ITRI
高出50.5%
-32.7%
自由现金流更多
ITRI
多$113.1M
$-1.6M
两年增速更快
AEHR
近两年复合增速
-2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9M | $571.7M |
| 净利润 | $-3.2M | $101.6M |
| 毛利率 | 25.7% | 40.5% |
| 营业利润率 | -47.0% | 13.8% |
| 净利率 | -32.7% | 17.8% |
| 营收同比 | -26.5% | -6.7% |
| 净利润同比 | -214.2% | 74.9% |
| 每股收益（稀释后） | $-0.11 | $2.20 |
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AEHRITRI
| Q4 25 | $9.9M | $571.7M | ||
| Q3 25 | $11.0M | $581.6M | ||
| Q2 25 | $14.1M | $606.8M | ||
| Q1 25 | $18.3M | $607.2M | ||
| Q4 24 | $13.5M | $612.9M | ||
| Q3 24 | $13.1M | $615.5M | ||
| Q2 24 | $16.6M | $609.1M | ||
| Q1 24 | $7.6M | $603.4M |
净利润AEHRITRI
| Q4 25 | $-3.2M | $101.6M | ||
| Q3 25 | $-2.1M | $65.6M | ||
| Q2 25 | $-2.9M | $68.3M | ||
| Q1 25 | $-643.0K | $65.5M | ||
| Q4 24 | $-1.0M | $58.1M | ||
| Q3 24 | $660.0K | $78.0M | ||
| Q2 24 | $23.9M | $51.3M | ||
| Q1 24 | $-1.5M | $51.7M |
毛利率AEHRITRI
| Q4 25 | 25.7% | 40.5% | ||
| Q3 25 | 33.9% | 37.7% | ||
| Q2 25 | 30.3% | 36.9% | ||
| Q1 25 | 39.2% | 35.8% | ||
| Q4 24 | 40.1% | 34.9% | ||
| Q3 24 | 54.0% | 34.1% | ||
| Q2 24 | 50.9% | 34.6% | ||
| Q1 24 | 41.7% | 34.0% |
营业利润率AEHRITRI
| Q4 25 | -47.0% | 13.8% | ||
| Q3 25 | -37.1% | 14.1% | ||
| Q2 25 | -22.7% | 12.6% | ||
| Q1 25 | -6.1% | 12.6% | ||
| Q4 24 | -11.2% | 10.2% | ||
| Q3 24 | 1.2% | 12.0% | ||
| Q2 24 | 15.3% | 10.6% | ||
| Q1 24 | -27.1% | 10.4% |
净利率AEHRITRI
| Q4 25 | -32.7% | 17.8% | ||
| Q3 25 | -19.0% | 11.3% | ||
| Q2 25 | -20.6% | 11.3% | ||
| Q1 25 | -3.5% | 10.8% | ||
| Q4 24 | -7.6% | 9.5% | ||
| Q3 24 | 5.0% | 12.7% | ||
| Q2 24 | 143.8% | 8.4% | ||
| Q1 24 | -19.4% | 8.6% |
每股收益（稀释后）AEHRITRI
| Q4 25 | $-0.11 | $2.20 | ||
| Q3 25 | $-0.07 | $1.41 | ||
| Q2 25 | $-0.10 | $1.47 | ||
| Q1 25 | $-0.02 | $1.42 | ||
| Q4 24 | $-0.03 | $1.26 | ||
| Q3 24 | $0.02 | $1.70 | ||
| Q2 24 | $0.81 | $1.10 | ||
| Q1 24 | $-0.05 | $1.12 |
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 | $1.0B |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $130.8M | $1.7B |
| 总资产 | $148.7M | $3.7B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AEHRITRI
| Q4 25 | $30.8M | $1.0B | ||
| Q3 25 | $22.7M | $1.3B | ||
| Q2 25 | $24.5M | $1.2B | ||
| Q1 25 | $29.4M | $1.1B | ||
| Q4 24 | $32.2M | $1.1B | ||
| Q3 24 | $37.8M | $982.5M | ||
| Q2 24 | $49.2M | $920.6M | ||
| Q1 24 | $47.6M | $300.6M |
总债务AEHRITRI
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $460.0M |
股东权益AEHRITRI
| Q4 25 | $130.8M | $1.7B | ||
| Q3 25 | $122.4M | $1.7B | ||
| Q2 25 | $122.9M | $1.6B | ||
| Q1 25 | $124.2M | $1.5B | ||
| Q4 24 | $123.2M | $1.4B | ||
| Q3 24 | $122.5M | $1.3B | ||
| Q2 24 | $111.6M | $1.2B | ||
| Q1 24 | $86.5M | $1.4B |
总资产AEHRITRI
| Q4 25 | $148.7M | $3.7B | ||
| Q3 25 | $144.1M | $3.7B | ||
| Q2 25 | $148.5M | $3.6B | ||
| Q1 25 | $145.6M | $3.5B | ||
| Q4 24 | $142.3M | $3.4B | ||
| Q3 24 | $145.9M | $3.4B | ||
| Q2 24 | $127.9M | $3.3B | ||
| Q1 24 | $101.6M | $2.7B |
负债/权益比AEHRITRI
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 0.34× |
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 | $119.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.6M | $111.5M |
| 自由现金流率自由现金流/营收 | -16.6% | 19.5% |
| 资本支出强度资本支出/营收 | 4.7% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.17× |
| 过去12个月自由现金流最近4个季度 | $-11.7M | $383.1M |
8季度趋势，按日历期对齐
经营现金流AEHRITRI
| Q4 25 | $-1.2M | $119.3M | ||
| Q3 25 | $-282.0K | $117.8M | ||
| Q2 25 | $-2.3M | $96.7M | ||
| Q1 25 | $-1.6M | $72.1M | ||
| Q4 24 | $-5.9M | $79.8M | ||
| Q3 24 | $2.4M | $65.3M | ||
| Q2 24 | $1.2M | $51.7M | ||
| Q1 24 | $-2.8M | $41.3M |
自由现金流AEHRITRI
| Q4 25 | $-1.6M | $111.5M | ||
| Q3 25 | $-1.7M | $113.4M | ||
| Q2 25 | $-5.1M | $90.7M | ||
| Q1 25 | $-3.3M | $67.5M | ||
| Q4 24 | $-6.2M | $70.2M | ||
| Q3 24 | $2.2M | $58.7M | ||
| Q2 24 | $1.2M | $44.6M | ||
| Q1 24 | $-3.1M | $34.2M |
自由现金流率AEHRITRI
| Q4 25 | -16.6% | 19.5% | ||
| Q3 25 | -15.3% | 19.5% | ||
| Q2 25 | -36.3% | 14.9% | ||
| Q1 25 | -17.8% | 11.1% | ||
| Q4 24 | -46.0% | 11.4% | ||
| Q3 24 | 16.6% | 9.5% | ||
| Q2 24 | 7.1% | 7.3% | ||
| Q1 24 | -40.8% | 5.7% |
资本支出强度AEHRITRI
| Q4 25 | 4.7% | 1.4% | ||
| Q3 25 | 12.7% | 0.8% | ||
| Q2 25 | 20.0% | 1.0% | ||
| Q1 25 | 9.0% | 0.8% | ||
| Q4 24 | 2.4% | 1.6% | ||
| Q3 24 | 1.5% | 1.1% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 3.5% | 1.2% |
现金转化率AEHRITRI
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | 3.61× | 0.84× | ||
| Q2 24 | 0.05× | 1.01× | ||
| Q1 24 | — | 0.80× |
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% |
ITRI
| Networked Solutions Segment | $352.0M | 62% |
| Outcomes Segment | $111.8M | 20% |
| Device Solutions | $104.8M | 18% |
