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AAR CORP（AIR）与Builders FirstSource（BLDR）财务数据对比。点击上方公司名可切换其他公司
Builders FirstSource的季度营收约是AAR CORP的4.2倍（$3.4B vs $795.3M）。AAR CORP净利率更高（4.4% vs 0.9%，领先3.4%）。AAR CORP同比增速更快（15.9% vs -12.1%）。Builders FirstSource自由现金流更多（$106.7M vs $6.2M）
AAR CORP是一家美国航空服务企业，为全球商业及政府客户提供飞机维护相关服务，总部位于伊利诺伊州芝加哥郊区的伍德戴尔，在约30个国家开展业务，现有员工约6000人，现任首席执行官为约翰·霍姆斯。
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
AIR vs BLDR — 直观对比
营收规模更大
BLDR
是对方的4.2倍
$795.3M
营收增速更快
AIR
高出28.0%
-12.1%
净利率更高
AIR
高出3.4%
0.9%
自由现金流更多
BLDR
多$100.5M
$6.2M
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $3.4B |
| 净利润 | $34.6M | $31.5M |
| 毛利率 | 19.7% | 29.8% |
| 营业利润率 | 6.0% | 1.8% |
| 净利率 | 4.4% | 0.9% |
| 营收同比 | 15.9% | -12.1% |
| 净利润同比 | 213.1% | -83.5% |
| 每股收益（稀释后） | $0.90 | $0.29 |
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AIRBLDR
| Q4 25 | $795.3M | $3.4B | ||
| Q3 25 | $739.6M | $3.9B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $3.9B |
净利润AIRBLDR
| Q4 25 | $34.6M | $31.5M | ||
| Q3 25 | $34.4M | $122.4M | ||
| Q2 25 | — | $185.0M | ||
| Q1 25 | — | $96.3M | ||
| Q4 24 | — | $190.2M | ||
| Q3 24 | — | $284.8M | ||
| Q2 24 | — | $344.1M | ||
| Q1 24 | — | $258.8M |
毛利率AIRBLDR
| Q4 25 | 19.7% | 29.8% | ||
| Q3 25 | 18.1% | 30.4% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 33.4% |
营业利润率AIRBLDR
| Q4 25 | 6.0% | 1.8% | ||
| Q3 25 | 6.4% | 5.8% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 11.0% | ||
| Q1 24 | — | 9.6% |
净利率AIRBLDR
| Q4 25 | 4.4% | 0.9% | ||
| Q3 25 | 4.7% | 3.1% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 6.7% |
每股收益（稀释后）AIRBLDR
| Q4 25 | $0.90 | $0.29 | ||
| Q3 25 | $0.95 | $1.10 | ||
| Q2 25 | — | $1.66 | ||
| Q1 25 | — | $0.84 | ||
| Q4 24 | — | $1.65 | ||
| Q3 24 | — | $2.44 | ||
| Q2 24 | — | $2.87 | ||
| Q1 24 | — | $2.10 |
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 | $75.6M | $181.8M |
| 总债务越低越好 | $952.7M | $4.4B |
| 股东权益账面价值 | $1.6B | $4.4B |
| 总资产 | $3.2B | $11.2B |
| 负债/权益比越低杠杆越低 | 0.61× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资AIRBLDR
| Q4 25 | $75.6M | $181.8M | ||
| Q3 25 | $80.0M | $296.2M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $115.4M | ||
| Q4 24 | — | $153.6M | ||
| Q3 24 | — | $328.1M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $697.5M |
总债务AIRBLDR
| Q4 25 | $952.7M | $4.4B | ||
| Q3 25 | $1.0B | $4.4B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.7B |
股东权益AIRBLDR
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | $1.2B | $4.3B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $5.0B |
总资产AIRBLDR
| Q4 25 | $3.2B | $11.2B | ||
| Q3 25 | $2.9B | $11.4B | ||
| Q2 25 | — | $11.5B | ||
| Q1 25 | — | $11.4B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | — | $10.9B | ||
| Q2 24 | — | $10.7B | ||
| Q1 24 | — | $11.2B |
负债/权益比AIRBLDR
| Q4 25 | 0.61× | 1.02× | ||
| Q3 25 | 0.82× | 1.03× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.75× |
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 | $13.6M | $194.8M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $106.7M |
| 自由现金流率自由现金流/营收 | 0.8% | 3.2% |
| 资本支出强度资本支出/营收 | 0.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 0.39× | 6.19× |
| 过去12个月自由现金流最近4个季度 | — | $853.3M |
8季度趋势，按日历期对齐
经营现金流AIRBLDR
| Q4 25 | $13.6M | $194.8M | ||
| Q3 25 | $-44.9M | $547.7M | ||
| Q2 25 | — | $341.0M | ||
| Q1 25 | — | $132.3M | ||
| Q4 24 | — | $373.5M | ||
| Q3 24 | — | $730.0M | ||
| Q2 24 | — | $452.1M | ||
| Q1 24 | — | $317.2M |
自由现金流AIRBLDR
| Q4 25 | $6.2M | $106.7M | ||
| Q3 25 | $-53.6M | $461.9M | ||
| Q2 25 | — | $252.3M | ||
| Q1 25 | — | $32.4M | ||
| Q4 24 | — | $273.8M | ||
| Q3 24 | — | $630.4M | ||
| Q2 24 | — | $364.0M | ||
| Q1 24 | — | $224.0M |
自由现金流率AIRBLDR
| Q4 25 | 0.8% | 3.2% | ||
| Q3 25 | -7.2% | 11.7% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 5.8% |
资本支出强度AIRBLDR
| Q4 25 | 0.9% | 2.6% | ||
| Q3 25 | 1.2% | 2.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.4% |
现金转化率AIRBLDR
| Q4 25 | 0.39× | 6.19× | ||
| Q3 25 | -1.31× | 4.48× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | — | 1.23× |
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
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
