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美国鹰（AEO）与COHERENT CORP.（COHR）财务数据对比。点击上方公司名可切换其他公司
COHERENT CORP.的季度营收约是美国鹰的1.2倍（$1.7B vs $1.4B），COHERENT CORP.净利率更高（8.7% vs 6.7%，领先2.0%），COHERENT CORP.同比增速更快（17.5% vs 5.7%），美国鹰自由现金流更多（$-2.5M vs $-95.7M），过去两年COHERENT CORP.的营收复合增速更高（18.1% vs 2.3%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
AEO vs COHR — 直观对比
营收规模更大
COHR
是对方的1.2倍
$1.4B
营收增速更快
COHR
高出11.8%
5.7%
净利率更高
COHR
高出2.0%
6.7%
自由现金流更多
AEO
多$93.2M
$-95.7M
两年增速更快
COHR
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $91.3M | $146.7M |
| 毛利率 | 40.5% | 36.9% |
| 营业利润率 | 8.3% | 10.0% |
| 净利率 | 6.7% | 8.7% |
| 营收同比 | 5.7% | 17.5% |
| 净利润同比 | 14.2% | 41.9% |
| 每股收益（稀释后） | $0.53 | $0.76 |
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AEOCOHR
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
净利润AEOCOHR
| Q4 25 | $91.3M | $146.7M | ||
| Q3 25 | $77.6M | $226.3M | ||
| Q2 25 | $-64.9M | $-95.6M | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | $80.0M | $103.4M | ||
| Q3 24 | $77.3M | $25.9M | ||
| Q2 24 | $67.8M | $-48.4M | ||
| Q1 24 | $6.3M | $-13.2M |
毛利率AEOCOHR
| Q4 25 | 40.5% | 36.9% | ||
| Q3 25 | 38.9% | 36.6% | ||
| Q2 25 | 29.6% | 35.7% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | 40.9% | 35.5% | ||
| Q3 24 | 38.6% | 34.1% | ||
| Q2 24 | 40.6% | 32.9% | ||
| Q1 24 | 36.6% | 30.3% |
营业利润率AEOCOHR
| Q4 25 | 8.3% | 10.0% | ||
| Q3 25 | 8.0% | 13.7% | ||
| Q2 25 | -7.8% | -4.1% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 8.2% | 9.0% | ||
| Q3 24 | 7.8% | 1.4% | ||
| Q2 24 | 6.8% | 4.8% | ||
| Q1 24 | 0.6% | 1.8% |
净利率AEOCOHR
| Q4 25 | 6.7% | 8.7% | ||
| Q3 25 | 6.0% | 14.3% | ||
| Q2 25 | -6.0% | -6.3% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 6.2% | 7.2% | ||
| Q3 24 | 6.0% | 1.9% | ||
| Q2 24 | 5.9% | -3.7% | ||
| Q1 24 | 0.4% | -1.1% |
每股收益（稀释后）AEOCOHR
| Q4 25 | $0.53 | $0.76 | ||
| Q3 25 | $0.45 | $1.19 | ||
| Q2 25 | $-0.36 | $-0.81 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | $0.41 | $0.44 | ||
| Q3 24 | $0.39 | $-0.04 | ||
| Q2 24 | $0.34 | $-0.52 | ||
| Q1 24 | $0.03 | $-0.29 |
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 | $112.8M | $863.7M |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $1.6B | $8.5B |
| 总资产 | $4.2B | $15.1B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资AEOCOHR
| Q4 25 | $112.8M | $863.7M | ||
| Q3 25 | $126.8M | $852.8M | ||
| Q2 25 | $87.9M | $909.2M | ||
| Q1 25 | — | $890.3M | ||
| Q4 24 | $160.2M | $917.8M | ||
| Q3 24 | $191.8M | $1.0B | ||
| Q2 24 | $300.5M | $926.0M | ||
| Q1 24 | $454.1M | $898.6M |
总债务AEOCOHR
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $0 | $3.9B | ||
| Q3 24 | $0 | $4.0B | ||
| Q2 24 | $0 | $4.1B | ||
| Q1 24 | $0 | $4.2B |
股东权益AEOCOHR
| Q4 25 | $1.6B | $8.5B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $5.6B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $1.7B | $5.2B | ||
| Q3 24 | $1.7B | $5.5B | ||
| Q2 24 | $1.8B | $5.2B | ||
| Q1 24 | $1.7B | $5.3B |
总资产AEOCOHR
| Q4 25 | $4.2B | $15.1B | ||
| Q3 25 | $4.1B | $14.7B | ||
| Q2 25 | $3.8B | $14.9B | ||
| Q1 25 | — | $14.4B | ||
| Q4 24 | $3.7B | $14.2B | ||
| Q3 24 | $3.5B | $14.7B | ||
| Q2 24 | $3.6B | $14.5B | ||
| Q1 24 | $3.6B | $14.5B |
负债/权益比AEOCOHR
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | 0.00× | 0.75× | ||
| Q3 24 | 0.00× | 0.73× | ||
| Q2 24 | 0.00× | 0.79× | ||
| Q1 24 | 0.00× | 0.78× |
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 | $67.1M | $57.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $-95.7M |
| 自由现金流率自由现金流/营收 | -0.2% | -5.7% |
| 资本支出强度资本支出/营收 | 5.1% | 9.1% |
| 现金转化率经营现金流/净利润 | 0.74× | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $-103.6M |
8季度趋势，按日历期对齐
经营现金流AEOCOHR
| Q4 25 | $67.1M | $57.9M | ||
| Q3 25 | $27.8M | $46.0M | ||
| Q2 25 | $-54.7M | $130.3M | ||
| Q1 25 | — | $163.0M | ||
| Q4 24 | $52.9M | $187.4M | ||
| Q3 24 | $78.3M | $153.0M | ||
| Q2 24 | $-38.1M | $162.3M | ||
| Q1 24 | $296.4M | $117.4M |
自由现金流AEOCOHR
| Q4 25 | $-2.5M | $-95.7M | ||
| Q3 25 | $-43.1M | $-58.0M | ||
| Q2 25 | $-116.3M | $-1.1M | ||
| Q1 25 | — | $51.1M | ||
| Q4 24 | $-7.8M | $81.7M | ||
| Q3 24 | $17.5M | $61.0M | ||
| Q2 24 | $-74.3M | $62.4M | ||
| Q1 24 | $256.8M | $24.2M |
自由现金流率AEOCOHR
| Q4 25 | -0.2% | -5.7% | ||
| Q3 25 | -3.4% | -3.7% | ||
| Q2 25 | -10.7% | -0.1% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | -0.6% | 5.7% | ||
| Q3 24 | 1.4% | 4.5% | ||
| Q2 24 | -6.5% | 4.7% | ||
| Q1 24 | 15.3% | 2.0% |
资本支出强度AEOCOHR
| Q4 25 | 5.1% | 9.1% | ||
| Q3 25 | 5.5% | 6.6% | ||
| Q2 25 | 5.7% | 8.6% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | 4.7% | 7.4% | ||
| Q3 24 | 4.7% | 6.8% | ||
| Q2 24 | 3.2% | 7.6% | ||
| Q1 24 | 2.4% | 7.7% |
现金转化率AEOCOHR
| Q4 25 | 0.74× | 0.39× | ||
| Q3 25 | 0.36× | 0.20× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.37× | ||
| Q4 24 | 0.66× | 1.81× | ||
| Q3 24 | 1.01× | 5.91× | ||
| Q2 24 | -0.56× | — | ||
| Q1 24 | 46.93× | — |
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
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
