vs
Arteris, Inc.（AIP）与FIRST UNITED CORP（FUNC）财务数据对比。点击上方公司名可切换其他公司
FIRST UNITED CORP的季度营收约是Arteris, Inc.的1.2倍（$23.2M vs $20.1M），FIRST UNITED CORP净利率更高（24.9% vs -42.2%，领先67.1%），Arteris, Inc.同比增速更快（30.0% vs 11.9%），FIRST UNITED CORP自由现金流更多（$15.4M vs $3.0M），过去两年Arteris, Inc.的营收复合增速更高（24.7% vs 11.5%）
Arteris公司是一家跨国科技企业，总部位于美国加利福尼亚州坎贝尔，主营片上网络（NoC）知识产权以及系统芯片（SoC）集成自动化软件的研发，产品用于各类半导体芯片与芯粒设计，客户覆盖汽车电子、人工智能、机器学习、企业计算、通信、消费电子、工业以及航空航天国防等多个领域。
联合啤酒控股有限公司（又称UB集团）是喜力集团旗下的印度子公司，总部位于卡纳塔克邦班加罗尔的UB城。公司核心业务涵盖酒类饮品生产及多领域投资，是印度最大的啤酒生产商，主打以翠鸟为品牌的啤酒产品，同时拥有多款其他酒类品牌。
AIP vs FUNC — 直观对比
营收规模更大
FUNC
是对方的1.2倍
$20.1M
营收增速更快
AIP
高出18.1%
11.9%
净利率更高
FUNC
高出67.1%
-42.2%
自由现金流更多
FUNC
多$12.4M
$3.0M
两年增速更快
AIP
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $20.1M | $23.2M |
| 净利润 | $-8.5M | $5.8M |
| 毛利率 | 90.8% | — |
| 营业利润率 | -42.0% | 32.9% |
| 净利率 | -42.2% | 24.9% |
| 营收同比 | 30.0% | 11.9% |
| 净利润同比 | -3.7% | -6.6% |
| 每股收益（稀释后） | $-0.19 | $0.89 |
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AIPFUNC
| Q4 25 | $20.1M | $23.2M | ||
| Q3 25 | $17.4M | $22.7M | ||
| Q2 25 | $16.5M | $21.8M | ||
| Q1 25 | $16.5M | $20.9M | ||
| Q4 24 | $15.5M | $20.8M | ||
| Q3 24 | $14.7M | $20.3M | ||
| Q2 24 | $14.6M | $20.1M | ||
| Q1 24 | $12.9M | $18.7M |
净利润AIPFUNC
| Q4 25 | $-8.5M | $5.8M | ||
| Q3 25 | $-9.0M | $6.9M | ||
| Q2 25 | $-9.1M | $6.0M | ||
| Q1 25 | $-8.1M | $5.8M | ||
| Q4 24 | $-8.2M | $6.2M | ||
| Q3 24 | $-7.7M | $5.8M | ||
| Q2 24 | $-8.3M | $4.9M | ||
| Q1 24 | $-9.4M | $3.7M |
毛利率AIPFUNC
| Q4 25 | 90.8% | — | ||
| Q3 25 | 89.9% | — | ||
| Q2 25 | 89.4% | — | ||
| Q1 25 | 90.8% | — | ||
| Q4 24 | 89.8% | — | ||
| Q3 24 | 90.1% | — | ||
| Q2 24 | 90.0% | — | ||
| Q1 24 | 88.7% | — |
营业利润率AIPFUNC
| Q4 25 | -42.0% | 32.9% | ||
| Q3 25 | -50.1% | 40.6% | ||
| Q2 25 | -50.0% | 36.5% | ||
| Q1 25 | -46.6% | 36.8% | ||
| Q4 24 | -45.9% | 39.2% | ||
| Q3 24 | -53.8% | 38.0% | ||
| Q2 24 | -51.1% | 32.5% | ||
| Q1 24 | -70.5% | 26.0% |
净利率AIPFUNC
| Q4 25 | -42.2% | 24.9% | ||
| Q3 25 | -51.6% | 30.6% | ||
| Q2 25 | -55.3% | 27.5% | ||
| Q1 25 | -49.1% | 27.7% | ||
| Q4 24 | -53.0% | 29.8% | ||
| Q3 24 | -52.2% | 28.5% | ||
| Q2 24 | -57.2% | 24.5% | ||
| Q1 24 | -72.6% | 19.8% |
每股收益（稀释后）AIPFUNC
| Q4 25 | $-0.19 | $0.89 | ||
| Q3 25 | $-0.21 | $1.07 | ||
| Q2 25 | $-0.22 | $0.92 | ||
| Q1 25 | $-0.20 | $0.89 | ||
| Q4 24 | $-0.19 | $0.95 | ||
| Q3 24 | $-0.20 | $0.89 | ||
| Q2 24 | $-0.22 | $0.75 | ||
| Q1 24 | $-0.25 | $0.56 |
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 | $33.9M | $131.6M |
| 总债务越低越好 | — | $95.9M |
| 股东权益账面价值 | $-14.6M | $203.6M |
| 总资产 | $115.0M | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AIPFUNC
| Q4 25 | $33.9M | $131.6M | ||
| Q3 25 | $39.0M | $95.2M | ||
| Q2 25 | $38.0M | $79.1M | ||
| Q1 25 | $42.3M | $84.4M | ||
| Q4 24 | $43.8M | $78.3M | ||
| Q3 24 | $48.7M | $62.4M | ||
| Q2 24 | $45.8M | $45.1M | ||
| Q1 24 | $44.8M | $86.9M |
总债务AIPFUNC
| Q4 25 | — | $95.9M | ||
| Q3 25 | — | $95.9M | ||
| Q2 25 | — | $120.9M | ||
| Q1 25 | — | $120.9M | ||
| Q4 24 | — | $120.9M | ||
| Q3 24 | — | $120.9M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $70.9M |
股东权益AIPFUNC
| Q4 25 | $-14.6M | $203.6M | ||
| Q3 25 | $-11.4M | $199.1M | ||
| Q2 25 | $-7.5M | $191.1M | ||
| Q1 25 | $-4.8M | $183.7M | ||
| Q4 24 | $-1.2M | $179.3M | ||
| Q3 24 | $2.2M | $174.0M | ||
| Q2 24 | $5.3M | $164.2M | ||
| Q1 24 | $9.5M | $165.5M |
总资产AIPFUNC
| Q4 25 | $115.0M | $2.1B | ||
| Q3 25 | $107.7M | $2.0B | ||
| Q2 25 | $106.9M | $2.0B | ||
| Q1 25 | $98.3M | $2.0B | ||
| Q4 24 | $106.1M | $2.0B | ||
| Q3 24 | $97.7M | $1.9B | ||
| Q2 24 | $96.4M | $1.9B | ||
| Q1 24 | $101.4M | $1.9B |
负债/权益比AIPFUNC
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.43× |
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 | $3.2M | $19.4M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $15.4M |
| 自由现金流率自由现金流/营收 | 15.1% | 66.3% |
| 资本支出强度资本支出/营收 | 0.7% | 17.1% |
| 现金转化率经营现金流/净利润 | — | 3.35× |
| 过去12个月自由现金流最近4个季度 | $5.3M | $22.7M |
8季度趋势，按日历期对齐
经营现金流AIPFUNC
| Q4 25 | $3.2M | $19.4M | ||
| Q3 25 | $3.2M | $1.5M | ||
| Q2 25 | $-2.5M | $995.0K | ||
| Q1 25 | $2.9M | $7.0M | ||
| Q4 24 | $-2.6M | $22.3M | ||
| Q3 24 | $1.1M | $2.3M | ||
| Q2 24 | $311.0K | $7.2M | ||
| Q1 24 | $477.0K | $3.6M |
自由现金流AIPFUNC
| Q4 25 | $3.0M | $15.4M | ||
| Q3 25 | $2.5M | $168.0K | ||
| Q2 25 | $-2.8M | $706.0K | ||
| Q1 25 | $2.7M | $6.4M | ||
| Q4 24 | $-2.7M | $20.4M | ||
| Q3 24 | $1.1M | $588.0K | ||
| Q2 24 | $264.0K | $7.0M | ||
| Q1 24 | $281.0K | $3.5M |
自由现金流率AIPFUNC
| Q4 25 | 15.1% | 66.3% | ||
| Q3 25 | 14.2% | 0.7% | ||
| Q2 25 | -17.2% | 3.2% | ||
| Q1 25 | 16.2% | 30.5% | ||
| Q4 24 | -17.3% | 98.1% | ||
| Q3 24 | 7.4% | 2.9% | ||
| Q2 24 | 1.8% | 35.1% | ||
| Q1 24 | 2.2% | 18.9% |
资本支出强度AIPFUNC
| Q4 25 | 0.7% | 17.1% | ||
| Q3 25 | 4.1% | 5.9% | ||
| Q2 25 | 2.2% | 1.3% | ||
| Q1 25 | 1.1% | 2.8% | ||
| Q4 24 | 0.3% | 9.3% | ||
| Q3 24 | 0.2% | 8.4% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 1.5% | 0.3% |
现金转化率AIPFUNC
| Q4 25 | — | 3.35× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 3.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 1.46× | ||
| Q1 24 | — | 0.97× |
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
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
FUNC
| Trust Department | $9.8M | 42% |
| Other | $5.6M | 24% |
| Debit Card Income | $4.1M | 17% |
| Service Charges | $2.3M | 10% |
| Brokerage Commissions | $1.4M | 6% |
