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AAR CORP（AIR）与Madison Square Garden Sports Corp.（MSGS）财务数据对比。点击上方公司名可切换其他公司
AAR CORP的季度营收约是Madison Square Garden Sports Corp.的2.0倍（$795.3M vs $403.4M），AAR CORP净利率更高（4.4% vs 2.0%，领先2.3%），AAR CORP同比增速更快（15.9% vs 12.8%），Madison Square Garden Sports Corp.自由现金流更多（$31.6M 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。
麦迪逊广场花园体育公司是总部位于美国纽约市的专业体育控股企业，深耕职业体育俱乐部运营、体育IP开发管理等核心业务，在北美体育产业领域拥有深厚的行业积累与较高的市场知名度。
AIR vs MSGS — 直观对比
营收规模更大
AIR
是对方的2.0倍
$403.4M
营收增速更快
AIR
高出3.2%
12.8%
净利率更高
AIR
高出2.3%
2.0%
自由现金流更多
MSGS
多$25.4M
$6.2M
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $403.4M |
| 净利润 | $34.6M | $8.2M |
| 毛利率 | 19.7% | — |
| 营业利润率 | 6.0% | 5.5% |
| 净利率 | 4.4% | 2.0% |
| 营收同比 | 15.9% | 12.8% |
| 净利润同比 | 213.1% | 641.9% |
| 每股收益（稀释后） | $0.90 | $0.34 |
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AIRMSGS
| Q4 25 | $795.3M | $403.4M | ||
| Q3 25 | $739.6M | $39.5M | ||
| Q2 25 | — | $204.0M | ||
| Q1 25 | — | $424.2M | ||
| Q4 24 | — | $357.8M | ||
| Q3 24 | — | $53.3M | ||
| Q2 24 | — | $227.3M | ||
| Q1 24 | — | $430.0M |
净利润AIRMSGS
| Q4 25 | $34.6M | $8.2M | ||
| Q3 25 | $34.4M | $-8.8M | ||
| Q2 25 | — | $-1.8M | ||
| Q1 25 | — | $-14.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $-7.5M | ||
| Q2 24 | — | $25.5M | ||
| Q1 24 | — | $37.9M |
毛利率AIRMSGS
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率AIRMSGS
| Q4 25 | 6.0% | 5.5% | ||
| Q3 25 | 6.4% | -69.5% | ||
| Q2 25 | — | -11.1% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | -15.5% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 18.5% |
净利率AIRMSGS
| Q4 25 | 4.4% | 2.0% | ||
| Q3 25 | 4.7% | -22.3% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | -14.1% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | — | 8.8% |
每股收益（稀释后）AIRMSGS
| Q4 25 | $0.90 | $0.34 | ||
| Q3 25 | $0.95 | $-0.37 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.59 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | — | $1.57 |
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 | $81.3M |
| 总债务越低越好 | $952.7M | — |
| 股东权益账面价值 | $1.6B | $-282.1M |
| 总资产 | $3.2B | $1.5B |
| 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AIRMSGS
| Q4 25 | $75.6M | $81.3M | ||
| Q3 25 | $80.0M | $48.6M | ||
| Q2 25 | — | $144.6M | ||
| Q1 25 | — | $96.5M | ||
| Q4 24 | — | $107.8M | ||
| Q3 24 | — | $52.3M | ||
| Q2 24 | — | $89.1M | ||
| Q1 24 | — | $40.0M |
总债务AIRMSGS
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIRMSGS
| Q4 25 | $1.6B | $-282.1M | ||
| Q3 25 | $1.2B | $-294.2M | ||
| Q2 25 | — | $-281.4M | ||
| Q1 25 | — | $-283.4M | ||
| Q4 24 | — | $-273.1M | ||
| Q3 24 | — | $-277.5M | ||
| Q2 24 | — | $-266.3M | ||
| Q1 24 | — | $-294.0M |
总资产AIRMSGS
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
负债/权益比AIRMSGS
| 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 | $32.4M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $31.6M |
| 自由现金流率自由现金流/营收 | 0.8% | 7.8% |
| 资本支出强度资本支出/营收 | 0.9% | 0.2% |
| 现金转化率经营现金流/净利润 | 0.39× | 3.94× |
| 过去12个月自由现金流最近4个季度 | — | $-480.0K |
8季度趋势，按日历期对齐
经营现金流AIRMSGS
| Q4 25 | $13.6M | $32.4M | ||
| Q3 25 | $-44.9M | $-85.0M | ||
| Q2 25 | — | $49.7M | ||
| Q1 25 | — | $6.3M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | — | $-26.2M | ||
| Q2 24 | — | $108.4M | ||
| Q1 24 | — | $4.0M |
自由现金流AIRMSGS
| Q4 25 | $6.2M | $31.6M | ||
| Q3 25 | $-53.6M | $-85.3M | ||
| Q2 25 | — | $49.4M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $61.2M | ||
| Q3 24 | — | $-26.5M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $3.9M |
自由现金流率AIRMSGS
| Q4 25 | 0.8% | 7.8% | ||
| Q3 25 | -7.2% | -216.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | -49.7% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 0.9% |
资本支出强度AIRMSGS
| Q4 25 | 0.9% | 0.2% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
现金转化率AIRMSGS
| Q4 25 | 0.39× | 3.94× | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.25× | ||
| Q1 24 | — | 0.11× |
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% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
