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AAR CORP（AIR）与特诺控股（TROX）财务数据对比。点击上方公司名可切换其他公司
AAR CORP的季度营收约是特诺控股的1.1倍（$795.3M vs $730.0M），AAR CORP净利率更高（4.4% vs -24.1%，领先28.5%），AAR CORP同比增速更快（15.9% vs 8.0%），特诺控股自由现金流更多（$53.0M 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。
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
AIR vs TROX — 直观对比
营收规模更大
AIR
是对方的1.1倍
$730.0M
营收增速更快
AIR
高出7.9%
8.0%
净利率更高
AIR
高出28.5%
-24.1%
自由现金流更多
TROX
多$46.8M
$6.2M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $730.0M |
| 净利润 | $34.6M | $-176.0M |
| 毛利率 | 19.7% | 5.3% |
| 营业利润率 | 6.0% | -15.6% |
| 净利率 | 4.4% | -24.1% |
| 营收同比 | 15.9% | 8.0% |
| 净利润同比 | 213.1% | -486.7% |
| 每股收益（稀释后） | $0.90 | $-1.11 |
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AIRTROX
| Q4 25 | $795.3M | $730.0M | ||
| Q3 25 | $739.6M | $699.0M | ||
| Q2 25 | — | $731.0M | ||
| Q1 25 | — | $738.0M | ||
| Q4 24 | — | $676.0M | ||
| Q3 24 | — | $804.0M | ||
| Q2 24 | — | $820.0M | ||
| Q1 24 | — | $774.0M |
净利润AIRTROX
| Q4 25 | $34.6M | $-176.0M | ||
| Q3 25 | $34.4M | $-99.0M | ||
| Q2 25 | — | $-84.0M | ||
| Q1 25 | — | $-111.0M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | — | $-25.0M | ||
| Q2 24 | — | $16.0M | ||
| Q1 24 | — | $-9.0M |
毛利率AIRTROX
| Q4 25 | 19.7% | 5.3% | ||
| Q3 25 | 18.1% | 7.4% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | 15.5% |
营业利润率AIRTROX
| Q4 25 | 6.0% | -15.6% | ||
| Q3 25 | 6.4% | -6.2% | ||
| Q2 25 | — | -4.8% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 5.3% |
净利率AIRTROX
| Q4 25 | 4.4% | -24.1% | ||
| Q3 25 | 4.7% | -14.2% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -15.0% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | -3.1% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | -1.2% |
每股收益（稀释后）AIRTROX
| Q4 25 | $0.90 | $-1.11 | ||
| Q3 25 | $0.95 | $-0.63 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | — | $-0.19 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | — | $0.10 | ||
| Q1 24 | — | $-0.06 |
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 | $199.0M |
| 总债务越低越好 | $952.7M | $3.1B |
| 股东权益账面价值 | $1.6B | $1.4B |
| 总资产 | $3.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.61× | 2.21× |
8季度趋势，按日历期对齐
现金及短期投资AIRTROX
| Q4 25 | $75.6M | $199.0M | ||
| Q3 25 | $80.0M | $185.0M | ||
| Q2 25 | — | $132.0M | ||
| Q1 25 | — | $138.0M | ||
| Q4 24 | — | $151.0M | ||
| Q3 24 | — | $167.0M | ||
| Q2 24 | — | $201.0M | ||
| Q1 24 | — | $152.0M |
总债务AIRTROX
| Q4 25 | $952.7M | $3.1B | ||
| Q3 25 | $1.0B | $3.1B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
股东权益AIRTROX
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总资产AIRTROX
| Q4 25 | $3.2B | $6.2B | ||
| Q3 25 | $2.9B | $6.3B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.0B |
负债/权益比AIRTROX
| Q4 25 | 0.61× | 2.21× | ||
| Q3 25 | 0.82× | 2.01× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.48× |
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 | $121.0M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $53.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 7.3% |
| 资本支出强度资本支出/营收 | 0.9% | 9.3% |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | — | $-281.0M |
8季度趋势，按日历期对齐
经营现金流AIRTROX
| Q4 25 | $13.6M | $121.0M | ||
| Q3 25 | $-44.9M | $-57.0M | ||
| Q2 25 | — | $28.0M | ||
| Q1 25 | — | $-32.0M | ||
| Q4 24 | — | $82.0M | ||
| Q3 24 | — | $87.0M | ||
| Q2 24 | — | $160.0M | ||
| Q1 24 | — | $-29.0M |
自由现金流AIRTROX
| Q4 25 | $6.2M | $53.0M | ||
| Q3 25 | $-53.6M | $-137.0M | ||
| Q2 25 | — | $-55.0M | ||
| Q1 25 | — | $-142.0M | ||
| Q4 24 | — | $-35.0M | ||
| Q3 24 | — | $-14.0M | ||
| Q2 24 | — | $84.0M | ||
| Q1 24 | — | $-105.0M |
自由现金流率AIRTROX
| Q4 25 | 0.8% | 7.3% | ||
| Q3 25 | -7.2% | -19.6% | ||
| Q2 25 | — | -7.5% | ||
| Q1 25 | — | -19.2% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | -13.6% |
资本支出强度AIRTROX
| Q4 25 | 0.9% | 9.3% | ||
| Q3 25 | 1.2% | 11.4% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 9.8% |
现金转化率AIRTROX
| Q4 25 | 0.39× | — | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.00× | ||
| 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
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% |
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
