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Airship AI Holdings, Inc.（AISP）与网易（NTES）财务数据对比。点击上方公司名可切换其他公司
网易的季度营收约是Airship AI Holdings, Inc.的613.4倍（$4.0B vs $6.5M）。Airship AI Holdings, Inc.净利率更高（353.6% vs 31.0%，领先322.6%）。过去两年网易的营收复合增速更高（9.7% vs -21.6%）
Airship AI Holdings相关的飞艇工业公司曾是英国现代软式飞艇（即浮空艇）制造商，1980年至1990年以该名称开展运营，曾有一段时间由艾伦·邦德控股。其前身航空航天发展公司成立于1970年，后继企业混合动力飞行器公司截至2022年仍在运营。
网易由丁磊于1997年6月创立，是全球规模领先的互联网与网络游戏企业之一。公司核心业务涵盖PC及移动端网络游戏的研发与发行，同时布局广告服务、电子邮箱服务及电商平台等多元业务板块。
AISP vs NTES — 直观对比
营收规模更大
NTES
是对方的613.4倍
$6.5M
净利率更高
AISP
高出322.6%
31.0%
两年增速更快
NTES
近两年复合增速
-21.6%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5M | $4.0B |
| 净利润 | $23.0M | $1.2B |
| 毛利率 | 51.2% | 64.1% |
| 营业利润率 | -9.4% | 28.3% |
| 净利率 | 353.6% | 31.0% |
| 营收同比 | 102.5% | — |
| 净利润同比 | 145.8% | — |
| 每股收益（稀释后） | $0.75 | — |
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AISPNTES
| Q4 25 | $6.5M | — | ||
| Q3 25 | $1.2M | $4.0B | ||
| Q2 25 | $2.1M | $3.9B | ||
| Q1 25 | $5.5M | $4.0B | ||
| Q4 24 | $3.2M | — | ||
| Q3 24 | $2.9M | $3.7B | ||
| Q2 24 | $6.4M | $3.5B | ||
| Q1 24 | $10.6M | $3.7B |
净利润AISPNTES
| Q4 25 | $23.0M | — | ||
| Q3 25 | $6.4M | $1.2B | ||
| Q2 25 | $-23.8M | $1.3B | ||
| Q1 25 | $23.7M | $1.5B | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $6.2M | $955.7M | ||
| Q2 24 | $18.5M | $939.6M | ||
| Q1 24 | $-32.0M | $1.1B |
毛利率AISPNTES
| Q4 25 | 51.2% | — | ||
| Q3 25 | 51.3% | 64.1% | ||
| Q2 25 | 71.4% | 64.7% | ||
| Q1 25 | 40.6% | 64.1% | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 75.1% | 62.9% | ||
| Q2 24 | 70.4% | 62.9% | ||
| Q1 24 | 24.9% | 63.4% |
营业利润率AISPNTES
| Q4 25 | -9.4% | — | ||
| Q3 25 | -243.5% | 28.3% | ||
| Q2 25 | -94.2% | 32.5% | ||
| Q1 25 | -31.2% | 36.2% | ||
| Q4 24 | -46.5% | — | ||
| Q3 24 | -55.4% | 27.3% | ||
| Q2 24 | 15.3% | 27.4% | ||
| Q1 24 | -13.3% | 28.4% |
净利率AISPNTES
| Q4 25 | 353.6% | — | ||
| Q3 25 | 544.4% | 31.0% | ||
| Q2 25 | -1106.6% | 32.6% | ||
| Q1 25 | 430.8% | 36.6% | ||
| Q4 24 | -1564.8% | — | ||
| Q3 24 | 216.7% | 25.6% | ||
| Q2 24 | 288.4% | 26.8% | ||
| Q1 24 | -302.3% | 29.1% |
每股收益（稀释后）AISPNTES
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $-0.75 | — | ||
| Q1 25 | $0.61 | — | ||
| Q4 24 | $-1.72 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.61 | — | ||
| Q1 24 | $-1.40 | — |
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 | $11.8M | $31.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-7.1M | $160.8B |
| 总资产 | $19.5M | $214.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AISPNTES
| Q4 25 | $11.8M | — | ||
| Q3 25 | $5.8M | $31.3B | ||
| Q2 25 | $6.3M | $54.4B | ||
| Q1 25 | $8.8M | $41.7B | ||
| Q4 24 | $11.4M | — | ||
| Q3 24 | $6.5M | $20.2B | ||
| Q2 24 | $226.8K | $19.0B | ||
| Q1 24 | $1.7M | $43.0B |
股东权益AISPNTES
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-40.1M | $160.8B | ||
| Q2 25 | $-46.9M | $154.0B | ||
| Q1 25 | $-23.5M | $147.8B | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $-12.9M | $135.6B | ||
| Q2 24 | $-28.0M | $134.2B | ||
| Q1 24 | $-48.1M | $130.5B |
总资产AISPNTES
| Q4 25 | $19.5M | — | ||
| Q3 25 | $8.1M | $214.5B | ||
| Q2 25 | $10.1M | $208.5B | ||
| Q1 25 | $12.9M | $200.9B | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $9.1M | $184.9B | ||
| Q2 24 | $5.3M | $183.3B | ||
| Q1 24 | $4.7M | $195.1B |
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 | $-3.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | — | $1.8B |
| 自由现金流率自由现金流/营收 | — | 44.7% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | -0.15× | 1.47× |
| 过去12个月自由现金流最近4个季度 | — | $6.3B |
8季度趋势，按日历期对齐
经营现金流AISPNTES
| Q4 25 | $-3.5M | — | ||
| Q3 25 | $-583.6K | $1.8B | ||
| Q2 25 | $-1.8M | $1.5B | ||
| Q1 25 | $-2.1M | $1.7B | ||
| Q4 24 | $-2.1M | — | ||
| Q3 24 | $-251.4K | $1.5B | ||
| Q2 24 | $-2.5M | $898.8M | ||
| Q1 24 | $-1.7M | $1.3B |
自由现金流AISPNTES
| Q4 25 | — | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $875.6M | ||
| Q1 24 | — | $1.3B |
自由现金流率AISPNTES
| Q4 25 | — | — | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | — | 40.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 34.0% |
资本支出强度AISPNTES
| Q4 25 | — | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% |
现金转化率AISPNTES
| Q4 25 | -0.15× | — | ||
| Q3 25 | -0.09× | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | -0.09× | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | 1.58× | ||
| Q2 24 | -0.13× | 0.96× | ||
| Q1 24 | — | 1.22× |
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
AISP
暂无分部数据
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
