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Arteris, Inc.（AIP）与Star Holdings（STHO）财务数据对比。点击上方公司名可切换其他公司
Star Holdings的季度营收约是Arteris, Inc.的1.3倍（$25.4M vs $20.1M），Arteris, Inc.净利率更高（-42.2% vs -75.5%，领先33.2%），Arteris, Inc.同比增速更快（30.0% vs -22.6%），过去两年Arteris, Inc.的营收复合增速更高（24.7% vs -0.2%）
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。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
AIP vs STHO — 直观对比
营收规模更大
STHO
是对方的1.3倍
$20.1M
营收增速更快
AIP
高出52.6%
-22.6%
净利率更高
AIP
高出33.2%
-75.5%
两年增速更快
AIP
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $20.1M | $25.4M |
| 净利润 | $-8.5M | $-19.1M |
| 毛利率 | 90.8% | — |
| 营业利润率 | -42.0% | -91.7% |
| 净利率 | -42.2% | -75.5% |
| 营收同比 | 30.0% | -22.6% |
| 净利润同比 | -3.7% | 81.3% |
| 每股收益（稀释后） | $-0.19 | $-1.52 |
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AIPSTHO
| Q4 25 | $20.1M | $25.4M | ||
| Q3 25 | $17.4M | $28.1M | ||
| Q2 25 | $16.5M | $42.1M | ||
| Q1 25 | $16.5M | $14.6M | ||
| Q4 24 | $15.5M | $32.8M | ||
| Q3 24 | $14.7M | $24.6M | ||
| Q2 24 | $14.6M | $30.6M | ||
| Q1 24 | $12.9M | $25.4M |
净利润AIPSTHO
| Q4 25 | $-8.5M | $-19.1M | ||
| Q3 25 | $-9.0M | $1.8M | ||
| Q2 25 | $-9.1M | $-39.3M | ||
| Q1 25 | $-8.1M | $-7.6M | ||
| Q4 24 | $-8.2M | $-102.6M | ||
| Q3 24 | $-7.7M | $91.9M | ||
| Q2 24 | $-8.3M | $-27.1M | ||
| Q1 24 | $-9.4M | $-49.0M |
毛利率AIPSTHO
| 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AIPSTHO
| Q4 25 | -42.0% | -91.7% | ||
| Q3 25 | -50.1% | 1.0% | ||
| Q2 25 | -50.0% | -94.5% | ||
| Q1 25 | -46.6% | -55.0% | ||
| Q4 24 | -45.9% | -314.1% | ||
| Q3 24 | -53.8% | — | ||
| Q2 24 | -51.1% | -91.5% | ||
| Q1 24 | -70.5% | -192.6% |
净利率AIPSTHO
| Q4 25 | -42.2% | -75.5% | ||
| Q3 25 | -51.6% | 6.4% | ||
| Q2 25 | -55.3% | -93.5% | ||
| Q1 25 | -49.1% | -52.0% | ||
| Q4 24 | -53.0% | -313.1% | ||
| Q3 24 | -52.2% | 374.3% | ||
| Q2 24 | -57.2% | -88.8% | ||
| Q1 24 | -72.6% | -192.6% |
每股收益（稀释后）AIPSTHO
| Q4 25 | $-0.19 | $-1.52 | ||
| Q3 25 | $-0.21 | $0.14 | ||
| Q2 25 | $-0.22 | $-2.95 | ||
| Q1 25 | $-0.20 | $-0.57 | ||
| Q4 24 | $-0.19 | $-7.69 | ||
| Q3 24 | $-0.20 | $6.90 | ||
| Q2 24 | $-0.22 | $-2.04 | ||
| Q1 24 | $-0.25 | $-3.68 |
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 | $50.1M |
| 总债务越低越好 | — | $268.7M |
| 股东权益账面价值 | $-14.6M | $251.8M |
| 总资产 | $115.0M | $570.2M |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资AIPSTHO
| Q4 25 | $33.9M | $50.1M | ||
| Q3 25 | $39.0M | $40.6M | ||
| Q2 25 | $38.0M | $44.2M | ||
| Q1 25 | $42.3M | $30.3M | ||
| Q4 24 | $43.8M | $35.0M | ||
| Q3 24 | $48.7M | $45.0M | ||
| Q2 24 | $45.8M | $48.3M | ||
| Q1 24 | $44.8M | $45.7M |
总债务AIPSTHO
| Q4 25 | — | $268.7M | ||
| Q3 25 | — | $259.3M | ||
| Q2 25 | — | $245.4M | ||
| Q1 25 | — | $231.5M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | — | $201.2M | ||
| Q2 24 | — | $197.2M | ||
| Q1 24 | — | $195.0M |
股东权益AIPSTHO
| Q4 25 | $-14.6M | $251.8M | ||
| Q3 25 | $-11.4M | $275.4M | ||
| Q2 25 | $-7.5M | $276.1M | ||
| Q1 25 | $-4.8M | $316.1M | ||
| Q4 24 | $-1.2M | $324.3M | ||
| Q3 24 | $2.2M | $427.5M | ||
| Q2 24 | $5.3M | $335.3M | ||
| Q1 24 | $9.5M | $362.4M |
总资产AIPSTHO
| Q4 25 | $115.0M | $570.2M | ||
| Q3 25 | $107.7M | $595.9M | ||
| Q2 25 | $106.9M | $589.9M | ||
| Q1 25 | $98.3M | $618.2M | ||
| Q4 24 | $106.1M | $608.7M | ||
| Q3 24 | $97.7M | $696.5M | ||
| Q2 24 | $96.4M | $601.0M | ||
| Q1 24 | $101.4M | $622.9M |
负债/权益比AIPSTHO
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.54× |
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 | $-11.7M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | — |
| 自由现金流率自由现金流/营收 | 15.1% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 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 | $5.3M | — |
8季度趋势，按日历期对齐
经营现金流AIPSTHO
| Q4 25 | $3.2M | $-11.7M | ||
| Q3 25 | $3.2M | $5.3M | ||
| Q2 25 | $-2.5M | $-2.6M | ||
| Q1 25 | $2.9M | $-6.3M | ||
| Q4 24 | $-2.6M | $-31.3M | ||
| Q3 24 | $1.1M | $-3.8M | ||
| Q2 24 | $311.0K | $-6.4M | ||
| Q1 24 | $477.0K | $-14.2M |
自由现金流AIPSTHO
| Q4 25 | $3.0M | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $-2.8M | — | ||
| Q1 25 | $2.7M | — | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $264.0K | — | ||
| Q1 24 | $281.0K | — |
自由现金流率AIPSTHO
| Q4 25 | 15.1% | — | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | -17.3% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 2.2% | — |
资本支出强度AIPSTHO
| Q4 25 | 0.7% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.5% | — |
现金转化率AIPSTHO
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.04× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
