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AAR CORP（AIR）与BWX Technologies, Inc.（BWXT）财务数据对比。点击上方公司名可切换其他公司
BWX Technologies, Inc.的季度营收约是AAR CORP的1.1倍（$885.8M vs $795.3M），BWX Technologies, Inc.净利率更高（10.5% vs 4.4%，领先6.1%），BWX Technologies, Inc.同比增速更快（18.7% vs 15.9%），BWX Technologies, Inc.自由现金流更多（$56.8M 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。
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
AIR vs BWXT — 直观对比
营收规模更大
BWXT
是对方的1.1倍
$795.3M
营收增速更快
BWXT
高出2.8%
15.9%
净利率更高
BWXT
高出6.1%
4.4%
自由现金流更多
BWXT
多$50.6M
$6.2M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $885.8M |
| 净利润 | $34.6M | $93.0M |
| 毛利率 | 19.7% | — |
| 营业利润率 | 6.0% | 10.4% |
| 净利率 | 4.4% | 10.5% |
| 营收同比 | 15.9% | 18.7% |
| 净利润同比 | 213.1% | 30.9% |
| 每股收益（稀释后） | $0.90 | $1.02 |
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AIRBWXT
| Q4 25 | $795.3M | $885.8M | ||
| Q3 25 | $739.6M | $866.3M | ||
| Q2 25 | — | $764.0M | ||
| Q1 25 | — | $682.3M | ||
| Q4 24 | — | $746.3M | ||
| Q3 24 | — | $672.0M | ||
| Q2 24 | — | $681.5M | ||
| Q1 24 | — | $604.0M |
净利润AIRBWXT
| Q4 25 | $34.6M | $93.0M | ||
| Q3 25 | $34.4M | $82.1M | ||
| Q2 25 | — | $78.4M | ||
| Q1 25 | — | $75.5M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | $68.5M |
毛利率AIRBWXT
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | 21.8% | ||
| Q2 25 | — | 25.1% | ||
| Q1 25 | — | 24.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.4% | ||
| Q2 24 | — | 24.7% | ||
| Q1 24 | — | 24.6% |
营业利润率AIRBWXT
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 6.4% | 13.1% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 15.4% |
净利率AIRBWXT
| Q4 25 | 4.4% | 10.5% | ||
| Q3 25 | 4.7% | 9.5% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 11.3% |
每股收益（稀释后）AIRBWXT
| Q4 25 | $0.90 | $1.02 | ||
| Q3 25 | $0.95 | $0.89 | ||
| Q2 25 | — | $0.85 | ||
| Q1 25 | — | $0.82 | ||
| Q4 24 | — | $0.77 | ||
| Q3 24 | — | $0.76 | ||
| Q2 24 | — | $0.79 | ||
| Q1 24 | — | $0.75 |
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 | $499.8M |
| 总债务越低越好 | $952.7M | — |
| 股东权益账面价值 | $1.6B | $1.2B |
| 总资产 | $3.2B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.61× | — |
8季度趋势，按日历期对齐
现金及短期投资AIRBWXT
| Q4 25 | $75.6M | $499.8M | ||
| Q3 25 | $80.0M | $79.6M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $55.4M | ||
| Q4 24 | — | $74.1M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $48.3M | ||
| Q1 24 | — | $45.9M |
总债务AIRBWXT
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIRBWXT
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $998.5M | ||
| Q1 24 | — | $946.2M |
总资产AIRBWXT
| Q4 25 | $3.2B | $4.3B | ||
| Q3 25 | $2.9B | $3.8B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
负债/权益比AIRBWXT
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $56.8M |
| 自由现金流率自由现金流/营收 | 0.8% | 6.4% |
| 资本支出强度资本支出/营收 | 0.9% | 7.9% |
| 现金转化率经营现金流/净利润 | 0.39× | 1.37× |
| 过去12个月自由现金流最近4个季度 | — | $295.3M |
8季度趋势，按日历期对齐
经营现金流AIRBWXT
| Q4 25 | $13.6M | $127.0M | ||
| Q3 25 | $-44.9M | $143.2M | ||
| Q2 25 | — | $159.0M | ||
| Q1 25 | — | $50.6M | ||
| Q4 24 | — | $276.9M | ||
| Q3 24 | — | $32.6M | ||
| Q2 24 | — | $65.9M | ||
| Q1 24 | — | $33.0M |
自由现金流AIRBWXT
| Q4 25 | $6.2M | $56.8M | ||
| Q3 25 | $-53.6M | $94.9M | ||
| Q2 25 | — | $126.3M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $224.4M | ||
| Q3 24 | — | $-7.7M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $2.6M |
自由现金流率AIRBWXT
| Q4 25 | 0.8% | 6.4% | ||
| Q3 25 | -7.2% | 11.0% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 0.4% |
资本支出强度AIRBWXT
| Q4 25 | 0.9% | 7.9% | ||
| Q3 25 | 1.2% | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.0% |
现金转化率AIRBWXT
| Q4 25 | 0.39× | 1.37× | ||
| Q3 25 | -1.31× | 1.74× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 3.90× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.48× |
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% |
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
