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AEHR TEST SYSTEMS（AEHR）与TRANSCAT INC（TRNS）财务数据对比。点击上方公司名可切换其他公司
TRANSCAT INC的季度营收约是AEHR TEST SYSTEMS的8.5倍（$83.9M vs $9.9M）。TRANSCAT INC净利率更高（-1.3% vs -32.7%，领先31.4%）。TRANSCAT INC同比增速更快（25.6% vs -26.5%）。TRANSCAT INC自由现金流更多（$9.5M vs $-1.6M）。过去两年AEHR TEST SYSTEMS的营收复合增速更高（14.3% vs 8.7%）
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。
Transcat Inc是一家提供校准与计量合规解决方案、经销专业测试测量仪器的企业，核心服务领域覆盖生命科学、航空航天、工业制造、能源公用事业等，主要业务遍布美国和加拿大，帮助客户满足合规及运营精度要求。
AEHR vs TRNS — 直观对比
营收规模更大
TRNS
是对方的8.5倍
$9.9M
营收增速更快
TRNS
高出52.1%
-26.5%
净利率更高
TRNS
高出31.4%
-32.7%
自由现金流更多
TRNS
多$11.1M
$-1.6M
两年增速更快
AEHR
近两年复合增速
8.7%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9M | $83.9M |
| 净利润 | $-3.2M | $-1.1M |
| 毛利率 | 25.7% | 30.1% |
| 营业利润率 | -47.0% | 0.1% |
| 净利率 | -32.7% | -1.3% |
| 营收同比 | -26.5% | 25.6% |
| 净利润同比 | -214.2% | -146.7% |
| 每股收益（稀释后） | $-0.11 | $-0.12 |
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AEHRTRNS
| Q4 25 | $9.9M | $83.9M | ||
| Q3 25 | $11.0M | $82.3M | ||
| Q2 25 | $14.1M | $76.4M | ||
| Q1 25 | $18.3M | $77.1M | ||
| Q4 24 | $13.5M | $66.8M | ||
| Q3 24 | $13.1M | $67.8M | ||
| Q2 24 | $16.6M | $66.7M | ||
| Q1 24 | $7.6M | $70.9M |
净利润AEHRTRNS
| Q4 25 | $-3.2M | $-1.1M | ||
| Q3 25 | $-2.1M | $1.3M | ||
| Q2 25 | $-2.9M | $3.3M | ||
| Q1 25 | $-643.0K | $4.5M | ||
| Q4 24 | $-1.0M | $2.4M | ||
| Q3 24 | $660.0K | $3.3M | ||
| Q2 24 | $23.9M | $4.4M | ||
| Q1 24 | $-1.5M | $6.9M |
毛利率AEHRTRNS
| Q4 25 | 25.7% | 30.1% | ||
| Q3 25 | 33.9% | 32.5% | ||
| Q2 25 | 30.3% | 33.8% | ||
| Q1 25 | 39.2% | 33.6% | ||
| Q4 24 | 40.1% | 29.5% | ||
| Q3 24 | 54.0% | 31.3% | ||
| Q2 24 | 50.9% | 34.0% | ||
| Q1 24 | 41.7% | 33.9% |
营业利润率AEHRTRNS
| Q4 25 | -47.0% | 0.1% | ||
| Q3 25 | -37.1% | 4.3% | ||
| Q2 25 | -22.7% | 7.0% | ||
| Q1 25 | -6.1% | 9.0% | ||
| Q4 24 | -11.2% | 3.1% | ||
| Q3 24 | 1.2% | 5.5% | ||
| Q2 24 | 15.3% | 7.6% | ||
| Q1 24 | -27.1% | 13.0% |
净利率AEHRTRNS
| Q4 25 | -32.7% | -1.3% | ||
| Q3 25 | -19.0% | 1.5% | ||
| Q2 25 | -20.6% | 4.3% | ||
| Q1 25 | -3.5% | 5.8% | ||
| Q4 24 | -7.6% | 3.5% | ||
| Q3 24 | 5.0% | 4.8% | ||
| Q2 24 | 143.8% | 6.6% | ||
| Q1 24 | -19.4% | 9.7% |
每股收益（稀释后）AEHRTRNS
| Q4 25 | $-0.11 | $-0.12 | ||
| Q3 25 | $-0.07 | $0.14 | ||
| Q2 25 | $-0.10 | $0.35 | ||
| Q1 25 | $-0.02 | $0.49 | ||
| Q4 24 | $-0.03 | $0.25 | ||
| Q3 24 | $0.02 | $0.35 | ||
| Q2 24 | $0.81 | $0.48 | ||
| Q1 24 | $-0.05 | $0.81 |
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 | $3.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $130.8M | $296.8M |
| 总资产 | $148.7M | $472.9M |
| 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AEHRTRNS
| Q4 25 | $30.8M | $3.5M | ||
| Q3 25 | $22.7M | $5.1M | ||
| Q2 25 | $24.5M | $1.9M | ||
| Q1 25 | $29.4M | $1.5M | ||
| Q4 24 | $32.2M | $4.6M | ||
| Q3 24 | $37.8M | $23.8M | ||
| Q2 24 | $49.2M | $22.7M | ||
| Q1 24 | $47.6M | $35.2M |
股东权益AEHRTRNS
| Q4 25 | $130.8M | $296.8M | ||
| Q3 25 | $122.4M | $295.4M | ||
| Q2 25 | $122.9M | $292.5M | ||
| Q1 25 | $124.2M | $286.9M | ||
| Q4 24 | $123.2M | $281.1M | ||
| Q3 24 | $122.5M | $268.8M | ||
| Q2 24 | $111.6M | $262.3M | ||
| Q1 24 | $86.5M | $225.2M |
总资产AEHRTRNS
| Q4 25 | $148.7M | $472.9M | ||
| Q3 25 | $144.1M | $484.9M | ||
| Q2 25 | $148.5M | $392.5M | ||
| Q1 25 | $145.6M | $385.2M | ||
| Q4 24 | $142.3M | $386.0M | ||
| Q3 24 | $145.9M | $323.6M | ||
| Q2 24 | $127.9M | $323.7M | ||
| Q1 24 | $101.6M | $287.6M |
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 | $12.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.6M | $9.5M |
| 自由现金流率自由现金流/营收 | -16.6% | 11.3% |
| 资本支出强度资本支出/营收 | 4.7% | 3.2% |
| 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 | $-11.7M | $24.9M |
8季度趋势，按日历期对齐
经营现金流AEHRTRNS
| Q4 25 | $-1.2M | $12.1M | ||
| Q3 25 | $-282.0K | $12.9M | ||
| Q2 25 | $-2.3M | $3.6M | ||
| Q1 25 | $-1.6M | $10.6M | ||
| Q4 24 | $-5.9M | $12.6M | ||
| Q3 24 | $2.4M | $6.8M | ||
| Q2 24 | $1.2M | $8.9M | ||
| Q1 24 | $-2.8M | $5.7M |
自由现金流AEHRTRNS
| Q4 25 | $-1.6M | $9.5M | ||
| Q3 25 | $-1.7M | $8.4M | ||
| Q2 25 | $-5.1M | $-975.0K | ||
| Q1 25 | $-3.3M | $7.9M | ||
| Q4 24 | $-6.2M | $9.7M | ||
| Q3 24 | $2.2M | $2.9M | ||
| Q2 24 | $1.2M | $5.3M | ||
| Q1 24 | $-3.1M | $1.5M |
自由现金流率AEHRTRNS
| Q4 25 | -16.6% | 11.3% | ||
| Q3 25 | -15.3% | 10.3% | ||
| Q2 25 | -36.3% | -1.3% | ||
| Q1 25 | -17.8% | 10.3% | ||
| Q4 24 | -46.0% | 14.6% | ||
| Q3 24 | 16.6% | 4.2% | ||
| Q2 24 | 7.1% | 7.9% | ||
| Q1 24 | -40.8% | 2.2% |
资本支出强度AEHRTRNS
| Q4 25 | 4.7% | 3.2% | ||
| Q3 25 | 12.7% | 5.4% | ||
| Q2 25 | 20.0% | 6.0% | ||
| Q1 25 | 9.0% | 3.5% | ||
| Q4 24 | 2.4% | 4.3% | ||
| Q3 24 | 1.5% | 5.8% | ||
| Q2 24 | 0.3% | 5.5% | ||
| Q1 24 | 3.5% | 5.9% |
现金转化率AEHRTRNS
| Q4 25 | — | — | ||
| Q3 25 | — | 10.15× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 2.38× | ||
| Q4 24 | — | 5.34× | ||
| Q3 24 | 3.61× | 2.08× | ||
| Q2 24 | 0.05× | 2.02× | ||
| Q1 24 | — | 0.83× |
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
AEHR
| Systems | $5.0M | 50% |
| Contactors | $3.4M | 35% |
| Services | $1.5M | 15% |
TRNS
暂无分部数据
