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AAR CORP（AIR）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是AAR CORP的1.3倍（$996.5M vs $795.3M），Woodward, Inc.净利率更高（13.4% vs 4.4%，领先9.1%），Woodward, Inc.同比增速更快（29.0% vs 15.9%），Woodward, Inc.自由现金流更多（$70.3M 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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
AIR vs WWD — 直观对比
营收规模更大
WWD
是对方的1.3倍
$795.3M
营收增速更快
WWD
高出13.0%
15.9%
净利率更高
WWD
高出9.1%
4.4%
自由现金流更多
WWD
多$64.1M
$6.2M
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $996.5M |
| 净利润 | $34.6M | $133.7M |
| 毛利率 | 19.7% | 29.3% |
| 营业利润率 | 6.0% | 17.0% |
| 净利率 | 4.4% | 13.4% |
| 营收同比 | 15.9% | 29.0% |
| 净利润同比 | 213.1% | 53.5% |
| 每股收益（稀释后） | $0.90 | $2.17 |
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AIRWWD
| Q4 25 | $795.3M | $996.5M | ||
| Q3 25 | $739.6M | $995.3M | ||
| Q2 25 | — | $915.4M | ||
| Q1 25 | — | $883.6M | ||
| Q4 24 | — | $772.7M | ||
| Q3 24 | — | $854.5M | ||
| Q2 24 | — | $847.7M | ||
| Q1 24 | — | $835.3M |
净利润AIRWWD
| Q4 25 | $34.6M | $133.7M | ||
| Q3 25 | $34.4M | $137.6M | ||
| Q2 25 | — | $108.4M | ||
| Q1 25 | — | $108.9M | ||
| Q4 24 | — | $87.1M | ||
| Q3 24 | — | $83.3M | ||
| Q2 24 | — | $102.1M | ||
| Q1 24 | — | $97.6M |
毛利率AIRWWD
| Q4 25 | 19.7% | 29.3% | ||
| Q3 25 | 18.1% | 27.9% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 28.1% |
营业利润率AIRWWD
| Q4 25 | 6.0% | 17.0% | ||
| Q3 25 | 6.4% | 16.1% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 14.4% |
净利率AIRWWD
| Q4 25 | 4.4% | 13.4% | ||
| Q3 25 | 4.7% | 13.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | 11.7% |
每股收益（稀释后）AIRWWD
| Q4 25 | $0.90 | $2.17 | ||
| Q3 25 | $0.95 | $2.23 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $1.78 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | — | $1.36 | ||
| Q2 24 | — | $1.63 | ||
| Q1 24 | — | $1.56 |
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 | $454.2M |
| 总债务越低越好 | $952.7M | — |
| 股东权益账面价值 | $1.6B | $2.6B |
| 总资产 | $3.2B | $4.7B |
| 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AIRWWD
| Q4 25 | $75.6M | $454.2M | ||
| Q3 25 | $80.0M | $327.4M | ||
| Q2 25 | — | $473.2M | ||
| Q1 25 | — | $364.1M | ||
| Q4 24 | — | $283.7M | ||
| Q3 24 | — | $282.3M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | — | $316.9M |
总债务AIRWWD
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | $579.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIRWWD
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.3B |
总资产AIRWWD
| Q4 25 | $3.2B | $4.7B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B |
负债/权益比AIRWWD
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | 0.23× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $70.3M |
| 自由现金流率自由现金流/营收 | 0.8% | 7.1% |
| 资本支出强度资本支出/营收 | 0.9% | 4.4% |
| 现金转化率经营现金流/净利润 | 0.39× | 0.86× |
| 过去12个月自由现金流最近4个季度 | — | $409.7M |
8季度趋势，按日历期对齐
经营现金流AIRWWD
| Q4 25 | $13.6M | $114.4M | ||
| Q3 25 | $-44.9M | $233.3M | ||
| Q2 25 | — | $125.6M | ||
| Q1 25 | — | $77.8M | ||
| Q4 24 | — | $34.5M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $153.2M | ||
| Q1 24 | — | $97.3M |
自由现金流AIRWWD
| Q4 25 | $6.2M | $70.3M | ||
| Q3 25 | $-53.6M | $180.9M | ||
| Q2 25 | — | $99.1M | ||
| Q1 25 | — | $59.4M | ||
| Q4 24 | — | $942.0K | ||
| Q3 24 | — | $117.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $82.8M |
自由现金流率AIRWWD
| Q4 25 | 0.8% | 7.1% | ||
| Q3 25 | -7.2% | 18.2% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 9.9% |
资本支出强度AIRWWD
| Q4 25 | 0.9% | 4.4% | ||
| Q3 25 | 1.2% | 5.3% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.7% |
现金转化率AIRWWD
| Q4 25 | 0.39× | 0.86× | ||
| Q3 25 | -1.31× | 1.70× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
