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三菱重工（AIRI）与Karman Holdings Inc.（KRMN）财务数据对比。点击上方公司名可切换其他公司
Karman Holdings Inc.的季度营收约是三菱重工的10.5倍（$134.5M vs $12.8M）。Karman Holdings Inc.净利率更高（5.7% vs 1.2%，领先4.6%）。Karman Holdings Inc.同比增速更快（47.4% vs -14.1%）。Karman Holdings Inc.自由现金流更多（$4.0M vs $-902.0K）。过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs -4.5%）
三菱重工業是总部位于日本东京的跨国综合工程企业，业务涵盖工程建设、电气设备与电子制造等领域，是三菱集团的核心企业之一，其原汽车事业部也是三菱汽车的前身。
Karman Holdings是一家美国航天与防务系统制造商，总部位于加利福尼亚州亨廷顿海滩，当前估值约40亿美元，近期已完成首次公开发行，专注为航天及国防领域提供相关系统产品及配套服务。
AIRI vs KRMN — 直观对比
营收规模更大
KRMN
是对方的10.5倍
$12.8M
营收增速更快
KRMN
高出61.5%
-14.1%
净利率更高
KRMN
高出4.6%
1.2%
自由现金流更多
KRMN
多$4.9M
$-902.0K
两年增速更快
KRMN
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $12.8M | $134.5M |
| 净利润 | $149.0K | $7.7M |
| 毛利率 | 14.3% | 39.9% |
| 营业利润率 | 0.7% | 15.7% |
| 净利率 | 1.2% | 5.7% |
| 营收同比 | -14.1% | 47.4% |
| 净利润同比 | 126.9% | 358.3% |
| 每股收益（稀释后） | $0.08 | $0.06 |
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AIRIKRMN
| Q4 25 | $12.8M | $134.5M | ||
| Q3 25 | $10.3M | $121.8M | ||
| Q2 25 | $12.7M | $115.1M | ||
| Q1 25 | $12.1M | $100.1M | ||
| Q4 24 | $14.9M | $91.2M | ||
| Q3 24 | $12.6M | $86.0M | ||
| Q2 24 | $13.6M | $85.0M | ||
| Q1 24 | $14.1M | $83.0M |
净利润AIRIKRMN
| Q4 25 | $149.0K | $7.7M | ||
| Q3 25 | $-44.0K | $7.6M | ||
| Q2 25 | $-422.0K | $6.8M | ||
| Q1 25 | $-988.0K | $-4.8M | ||
| Q4 24 | $-554.0K | $1.7M | ||
| Q3 24 | $-404.0K | $4.3M | ||
| Q2 24 | $298.0K | $4.6M | ||
| Q1 24 | $-706.0K | $2.1M |
毛利率AIRIKRMN
| Q4 25 | 14.3% | 39.9% | ||
| Q3 25 | 22.3% | 41.0% | ||
| Q2 25 | 16.0% | 40.9% | ||
| Q1 25 | 16.8% | 39.4% | ||
| Q4 24 | 16.4% | 38.1% | ||
| Q3 24 | 15.5% | 39.3% | ||
| Q2 24 | 19.5% | 40.7% | ||
| Q1 24 | 13.6% | 34.9% |
营业利润率AIRIKRMN
| Q4 25 | 0.7% | 15.7% | ||
| Q3 25 | 3.1% | 17.9% | ||
| Q2 25 | 0.1% | 17.5% | ||
| Q1 25 | -6.1% | 10.0% | ||
| Q4 24 | -0.7% | 15.8% | ||
| Q3 24 | 0.5% | 20.2% | ||
| Q2 24 | 5.5% | 21.5% | ||
| Q1 24 | -1.8% | 16.3% |
净利率AIRIKRMN
| Q4 25 | 1.2% | 5.7% | ||
| Q3 25 | -0.4% | 6.3% | ||
| Q2 25 | -3.3% | 5.9% | ||
| Q1 25 | -8.1% | -4.8% | ||
| Q4 24 | -3.7% | 1.8% | ||
| Q3 24 | -3.2% | 5.0% | ||
| Q2 24 | 2.2% | 5.4% | ||
| Q1 24 | -5.0% | 2.6% |
每股收益（稀释后）AIRIKRMN
| Q4 25 | $0.08 | $0.06 | ||
| Q3 25 | $-0.01 | $0.06 | ||
| Q2 25 | $-0.11 | $0.05 | ||
| Q1 25 | $-0.27 | $-0.04 | ||
| Q4 24 | $-0.16 | $0.01 | ||
| Q3 24 | $-0.12 | $0.03 | ||
| Q2 24 | $0.08 | $0.03 | ||
| Q1 24 | $-0.21 | $0.01 |
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 | — | $34.0M |
| 总债务越低越好 | $5.9M | — |
| 股东权益账面价值 | $19.2M | $382.7M |
| 总资产 | $58.3M | $1.1B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资AIRIKRMN
| Q4 25 | — | $34.0M | ||
| Q3 25 | — | $18.7M | ||
| Q2 25 | — | $27.4M | ||
| Q1 25 | — | $113.7M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | $186.0K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $225.0K | — |
总债务AIRIKRMN
| Q4 25 | $5.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.4M | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $5.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $4.9M | — |
股东权益AIRIKRMN
| Q4 25 | $19.2M | $382.7M | ||
| Q3 25 | $18.8M | $369.1M | ||
| Q2 25 | $15.3M | $361.5M | ||
| Q1 25 | $15.3M | $348.9M | ||
| Q4 24 | $14.9M | $196.0M | ||
| Q3 24 | $14.7M | $194.1M | ||
| Q2 24 | $14.9M | $189.6M | ||
| Q1 24 | $14.5M | $184.8M |
总资产AIRIKRMN
| Q4 25 | $58.3M | $1.1B | ||
| Q3 25 | $58.0M | $968.1M | ||
| Q2 25 | $50.4M | $953.9M | ||
| Q1 25 | $48.4M | $875.4M | ||
| Q4 24 | $51.0M | $774.0M | ||
| Q3 24 | $50.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $50.3M | — |
负债/权益比AIRIKRMN
| Q4 25 | 0.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.33× | — |
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 | $-598.0K | $8.7M |
| 自由现金流经营现金流 - 资本支出 | $-902.0K | $4.0M |
| 自由现金流率自由现金流/营收 | -7.0% | 3.0% |
| 资本支出强度资本支出/营收 | 2.4% | 3.5% |
| 现金转化率经营现金流/净利润 | -4.01× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-4.7M | $-42.5M |
8季度趋势，按日历期对齐
经营现金流AIRIKRMN
| Q4 25 | $-598.0K | $8.7M | ||
| Q3 25 | $-2.6M | $131.0K | ||
| Q2 25 | $345.0K | $-17.4M | ||
| Q1 25 | $1.5M | $-13.6M | ||
| Q4 24 | $-184.0K | — | ||
| Q3 24 | $174.0K | — | ||
| Q2 24 | $566.0K | — | ||
| Q1 24 | $-232.0K | $3.1M |
自由现金流AIRIKRMN
| Q4 25 | $-902.0K | $4.0M | ||
| Q3 25 | $-3.5M | $-6.8M | ||
| Q2 25 | $-551.0K | $-21.0M | ||
| Q1 25 | $308.0K | $-18.6M | ||
| Q4 24 | $-985.0K | — | ||
| Q3 24 | $-95.0K | — | ||
| Q2 24 | $-554.0K | — | ||
| Q1 24 | $-343.0K | $1.5M |
自由现金流率AIRIKRMN
| Q4 25 | -7.0% | 3.0% | ||
| Q3 25 | -34.2% | -5.6% | ||
| Q2 25 | -4.4% | -18.2% | ||
| Q1 25 | 2.5% | -18.6% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | -4.1% | — | ||
| Q1 24 | -2.4% | 1.8% |
资本支出强度AIRIKRMN
| Q4 25 | 2.4% | 3.5% | ||
| Q3 25 | 8.8% | 5.7% | ||
| Q2 25 | 7.1% | 3.2% | ||
| Q1 25 | 10.0% | 5.0% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 0.8% | 1.9% |
现金转化率AIRIKRMN
| Q4 25 | -4.01× | 1.13× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | -2.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.90× | — | ||
| Q1 24 | — | 1.45× |
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
AIRI
暂无分部数据
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
