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ADVANCED ENERGY INDUSTRIES INC（AEIS）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
ADVANCED ENERGY INDUSTRIES INC的季度营收约是Forestar Group Inc.的1.8倍（$489.4M vs $273.0M），ADVANCED ENERGY INDUSTRIES INC净利率更高（10.7% vs 5.6%，领先5.0%），ADVANCED ENERGY INDUSTRIES INC同比增速更快（17.8% vs 9.0%），ADVANCED ENERGY INDUSTRIES INC自由现金流更多（$43.0M vs $-157.1M），过去两年ADVANCED ENERGY INDUSTRIES INC的营收复合增速更高（22.2% vs -9.6%）
Advanced Energy Industries是总部位于美国科罗拉多州丹佛市的跨国科技企业，专注研发精密电源转换、测量及控制技术，相关技术广泛应用于半导体、平板显示、数据存储、通信网络设备、工业涂层、医疗设备、太阳能电池、建筑玻璃等领域的生产制造环节。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
AEIS vs FOR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $489.4M | $273.0M |
| 净利润 | $52.3M | $15.4M |
| 毛利率 | 38.6% | 20.1% |
| 营业利润率 | 11.6% | 7.6% |
| 净利率 | 10.7% | 5.6% |
| 营收同比 | 17.8% | 9.0% |
| 净利润同比 | 7.4% | -6.7% |
| 每股收益（稀释后） | $1.32 | $0.30 |
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
| Q4 25 | $489.4M | $273.0M | ||
| Q3 25 | $463.3M | $670.5M | ||
| Q2 25 | $441.5M | $390.5M | ||
| Q1 25 | $404.6M | $351.0M | ||
| Q4 24 | $415.4M | $250.4M | ||
| Q3 24 | $374.2M | $551.3M | ||
| Q2 24 | $364.9M | $318.4M | ||
| Q1 24 | $327.5M | $333.8M |
| Q4 25 | $52.3M | $15.4M | ||
| Q3 25 | $46.2M | $86.9M | ||
| Q2 25 | $25.2M | $32.9M | ||
| Q1 25 | $24.7M | $31.6M | ||
| Q4 24 | $48.7M | $16.5M | ||
| Q3 24 | $-14.9M | $81.5M | ||
| Q2 24 | $15.0M | $38.7M | ||
| Q1 24 | $5.4M | $45.0M |
| Q4 25 | 38.6% | 20.1% | ||
| Q3 25 | 37.6% | 22.3% | ||
| Q2 25 | 37.0% | 20.4% | ||
| Q1 25 | 37.2% | 22.6% | ||
| Q4 24 | 37.2% | 22.0% | ||
| Q3 24 | 35.8% | 23.9% | ||
| Q2 24 | 35.0% | 22.5% | ||
| Q1 24 | 34.5% | 24.9% |
| Q4 25 | 11.6% | 7.6% | ||
| Q3 25 | 10.6% | 16.9% | ||
| Q2 25 | 7.2% | 11.2% | ||
| Q1 25 | 7.6% | 11.6% | ||
| Q4 24 | 8.2% | 8.7% | ||
| Q3 24 | -3.0% | 19.7% | ||
| Q2 24 | 3.6% | 16.2% | ||
| Q1 24 | 0.2% | 17.6% |
| Q4 25 | 10.7% | 5.6% | ||
| Q3 25 | 10.0% | 13.0% | ||
| Q2 25 | 5.7% | 8.4% | ||
| Q1 25 | 6.1% | 9.0% | ||
| Q4 24 | 11.7% | 6.6% | ||
| Q3 24 | -4.0% | 14.8% | ||
| Q2 24 | 4.1% | 12.2% | ||
| Q1 24 | 1.6% | 13.5% |
| Q4 25 | $1.32 | $0.30 | ||
| Q3 25 | $1.20 | $1.70 | ||
| Q2 25 | $0.67 | $0.65 | ||
| Q1 25 | $0.65 | $0.62 | ||
| Q4 24 | $1.29 | $0.32 | ||
| Q3 24 | $-0.40 | $1.59 | ||
| Q2 24 | $0.40 | $0.76 | ||
| Q1 24 | $0.14 | $0.89 |
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 | $791.2M | $211.7M |
| 总债务越低越好 | $567.5M | $793.2M |
| 股东权益账面价值 | $1.4B | $1.8B |
| 总资产 | $2.5B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.44× |
8季度趋势，按日历期对齐
| Q4 25 | $791.2M | $211.7M | ||
| Q3 25 | $758.6M | $379.2M | ||
| Q2 25 | $713.5M | $189.2M | ||
| Q1 25 | $723.0M | $174.3M | ||
| Q4 24 | $722.1M | $132.0M | ||
| Q3 24 | $657.3M | $481.2M | ||
| Q2 24 | $986.1M | $359.2M | ||
| Q1 24 | $1.0B | $416.2M |
| Q4 25 | $567.5M | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | $564.7M | $806.8M | ||
| Q3 24 | $564.0M | $706.4M | ||
| Q2 24 | $907.3M | $706.1M | ||
| Q1 24 | $911.5M | $705.7M |
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.4B | $3.1B | ||
| Q2 25 | $2.4B | $3.1B | ||
| Q1 25 | $2.3B | $3.0B | ||
| Q4 24 | $2.3B | $3.0B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.5B | $2.7B | ||
| Q1 24 | $2.5B | $2.6B |
| Q4 25 | 0.42× | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 0.47× | 0.50× | ||
| Q3 24 | 0.48× | 0.44× | ||
| Q2 24 | 0.78× | 0.47× | ||
| Q1 24 | 0.80× | 0.48× |
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 | $80.5M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $-157.1M |
| 自由现金流率自由现金流/营收 | 8.8% | -57.5% |
| 资本支出强度资本支出/营收 | 7.7% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.54× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $93.0M |
8季度趋势，按日历期对齐
| Q4 25 | $80.5M | $-157.0M | ||
| Q3 25 | $78.7M | $256.3M | ||
| Q2 25 | $45.2M | $15.8M | ||
| Q1 25 | $28.9M | $-19.8M | ||
| Q4 24 | $82.7M | $-450.0M | ||
| Q3 24 | $34.1M | $119.2M | ||
| Q2 24 | $6.7M | $-61.7M | ||
| Q1 24 | $7.3M | $-59.2M |
| Q4 25 | $43.0M | $-157.1M | ||
| Q3 25 | $50.8M | $255.6M | ||
| Q2 25 | $17.1M | $15.0M | ||
| Q1 25 | $15.0M | $-20.5M | ||
| Q4 24 | $69.9M | — | ||
| Q3 24 | $21.4M | $118.4M | ||
| Q2 24 | $-8.1M | $-62.3M | ||
| Q1 24 | $-9.3M | $-59.8M |
| Q4 25 | 8.8% | -57.5% | ||
| Q3 25 | 11.0% | 38.1% | ||
| Q2 25 | 3.9% | 3.8% | ||
| Q1 25 | 3.7% | -5.8% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 5.7% | 21.5% | ||
| Q2 24 | -2.2% | -19.6% | ||
| Q1 24 | -2.9% | -17.9% |
| Q4 25 | 7.7% | 0.0% | ||
| Q3 25 | 6.0% | 0.1% | ||
| Q2 25 | 6.4% | 0.2% | ||
| Q1 25 | 3.4% | 0.2% | ||
| Q4 24 | 3.1% | 0.0% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | 4.0% | 0.2% | ||
| Q1 24 | 5.1% | 0.2% |
| Q4 25 | 1.54× | -10.19× | ||
| Q3 25 | 1.70× | 2.95× | ||
| Q2 25 | 1.79× | 0.48× | ||
| Q1 25 | 1.17× | -0.63× | ||
| Q4 24 | 1.70× | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 0.45× | -1.59× | ||
| Q1 24 | 1.35× | -1.32× |
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
AEIS
| Semiconductor Equipment | $211.6M | 43% |
| Data Center Computing | $177.9M | 36% |
| Industrial And Medical | $78.2M | 16% |
| Telecom And Networking | $21.7M | 4% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
