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AlTi Global, Inc.（ALTI）与AerSale Corp（ASLE）财务数据对比。点击上方公司名可切换其他公司
AerSale Corp的季度营收约是AlTi Global, Inc.的1.0倍（$90.9M vs $86.6M），AerSale Corp净利率更高（5.9% vs -15.1%，领先21.1%），AlTi Global, Inc.同比增速更快（87.0% vs -4.0%），AerSale Corp自由现金流更多（$9.8M vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 0.2%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
AerSale Corp总部位于美国佛罗里达州多拉市，是一家面向航空领域的全球供应商，主要为客运及货运航空公司、政府机构、跨国整机制造商与独立维修机构提供商用喷气飞机二手整机、发动机、航空耗材，并提供航空工程服务，同时该公司也是飞机机队回收协会的成员企业。
ALTI vs ASLE — 直观对比
营收规模更大
ASLE
是对方的1.0倍
$86.6M
营收增速更快
ALTI
高出91.1%
-4.0%
净利率更高
ASLE
高出21.1%
-15.1%
自由现金流更多
ASLE
多$62.0M
$-52.2M
两年增速更快
ALTI
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $90.9M |
| 净利润 | $-13.1M | $5.4M |
| 毛利率 | — | 34.1% |
| 营业利润率 | -2.1% | 7.8% |
| 净利率 | -15.1% | 5.9% |
| 营收同比 | 87.0% | -4.0% |
| 净利润同比 | 75.6% | 99.7% |
| 每股收益（稀释后） | — | $0.10 |
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ALTIASLE
| Q4 25 | $86.6M | $90.9M | ||
| Q3 25 | $57.2M | $71.2M | ||
| Q2 25 | $53.1M | $107.4M | ||
| Q1 25 | $58.0M | $65.8M | ||
| Q4 24 | $46.3M | $94.7M | ||
| Q3 24 | $51.8M | $82.7M | ||
| Q2 24 | $49.5M | $77.1M | ||
| Q1 24 | $50.8M | $90.5M |
净利润ALTIASLE
| Q4 25 | $-13.1M | $5.4M | ||
| Q3 25 | $-84.1M | $-120.0K | ||
| Q2 25 | $-24.4M | $8.6M | ||
| Q1 25 | $1.9M | $-5.3M | ||
| Q4 24 | $-53.8M | $2.7M | ||
| Q3 24 | $-72.5M | $509.0K | ||
| Q2 24 | $-6.4M | $-3.6M | ||
| Q1 24 | $29.7M | $6.3M |
毛利率ALTIASLE
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 30.2% | ||
| Q2 25 | — | 32.9% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 31.8% |
营业利润率ALTIASLE
| Q4 25 | -2.1% | 7.8% | ||
| Q3 25 | -49.8% | 4.0% | ||
| Q2 25 | -56.7% | 11.7% | ||
| Q1 25 | -23.3% | -10.1% | ||
| Q4 24 | -42.7% | 5.2% | ||
| Q3 24 | -18.4% | 2.4% | ||
| Q2 24 | -30.2% | -2.4% | ||
| Q1 24 | -28.9% | 5.2% |
净利率ALTIASLE
| Q4 25 | -15.1% | 5.9% | ||
| Q3 25 | -147.0% | -0.2% | ||
| Q2 25 | -45.9% | 8.0% | ||
| Q1 25 | 3.3% | -8.0% | ||
| Q4 24 | -116.1% | 2.9% | ||
| Q3 24 | -140.0% | 0.6% | ||
| Q2 24 | -12.9% | -4.7% | ||
| Q1 24 | 58.4% | 6.9% |
每股收益（稀释后）ALTIASLE
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | $-0.33 | $0.18 | ||
| Q1 25 | $-0.04 | $-0.10 | ||
| Q4 24 | $-0.71 | $0.05 | ||
| Q3 24 | $-0.88 | $0.01 | ||
| Q2 24 | $-0.18 | $-0.07 | ||
| Q1 24 | $0.18 | $0.12 |
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 | $41.2M | $4.4M |
| 总债务越低越好 | $883.0K | $1.3M |
| 股东权益账面价值 | $600.1M | $424.4M |
| 总资产 | $1.2B | $640.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ALTIASLE
| Q4 25 | $41.2M | $4.4M | ||
| Q3 25 | $35.8M | $5.3M | ||
| Q2 25 | $42.4M | $5.7M | ||
| Q1 25 | $52.8M | $4.7M | ||
| Q4 24 | $64.4M | $4.7M | ||
| Q3 24 | $220.6M | $9.8M | ||
| Q2 24 | $60.0M | $4.3M | ||
| Q1 24 | $134.2M | $2.6M |
总债务ALTIASLE
| Q4 25 | $883.0K | $1.3M | ||
| Q3 25 | $586.0K | $1.5M | ||
| Q2 25 | $673.0K | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | $0 | $1.2M | ||
| Q3 24 | $128.4M | $376.0K | ||
| Q2 24 | $164.0M | $522.0K | ||
| Q1 24 | $183.7M | $3.5M |
股东权益ALTIASLE
| Q4 25 | $600.1M | $424.4M | ||
| Q3 25 | $607.2M | $417.1M | ||
| Q2 25 | $685.4M | $415.9M | ||
| Q1 25 | $665.2M | $406.5M | ||
| Q4 24 | $658.4M | $455.6M | ||
| Q3 24 | $707.0M | $451.5M | ||
| Q2 24 | $540.2M | $449.8M | ||
| Q1 24 | $510.9M | $452.0M |
总资产ALTIASLE
| Q4 25 | $1.2B | $640.5M | ||
| Q3 25 | $1.2B | $646.3M | ||
| Q2 25 | $1.2B | $646.7M | ||
| Q1 25 | $1.2B | $646.1M | ||
| Q4 24 | $1.3B | $604.7M | ||
| Q3 24 | $1.4B | $601.5M | ||
| Q2 24 | $1.3B | $598.7M | ||
| Q1 24 | $1.3B | $571.7M |
负债/权益比ALTIASLE
| Q4 25 | 0.00× | 0.00× | ||
| Q3 25 | 0.00× | 0.00× | ||
| Q2 25 | 0.00× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.00× | 0.00× | ||
| Q3 24 | 0.18× | 0.00× | ||
| Q2 24 | 0.30× | 0.00× | ||
| Q1 24 | 0.36× | 0.01× |
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 | $-51.4M | $11.4M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $9.8M |
| 自由现金流率自由现金流/营收 | -60.3% | 10.8% |
| 资本支出强度资本支出/营收 | 0.9% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 2.11× |
| 过去12个月自由现金流最近4个季度 | — | $-29.1M |
8季度趋势，按日历期对齐
经营现金流ALTIASLE
| Q4 25 | $-51.4M | $11.4M | ||
| Q3 25 | $-53.5M | $-8.9M | ||
| Q2 25 | $-19.9M | $19.8M | ||
| Q1 25 | $-30.2M | $-45.2M | ||
| Q4 24 | $-50.7M | $37.5M | ||
| Q3 24 | $-4.9M | $10.4M | ||
| Q2 24 | $-30.2M | $-15.3M | ||
| Q1 24 | $-15.5M | $-21.5M |
自由现金流ALTIASLE
| Q4 25 | $-52.2M | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | $-20.0M | $18.6M | ||
| Q1 25 | $-31.0M | $-47.6M | ||
| Q4 24 | $-58.2M | $32.3M | ||
| Q3 24 | $-9.4M | $8.9M | ||
| Q2 24 | $-31.2M | $-18.9M | ||
| Q1 24 | $-15.7M | $-25.0M |
自由现金流率ALTIASLE
| Q4 25 | -60.3% | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | -37.6% | 17.3% | ||
| Q1 25 | -53.4% | -72.4% | ||
| Q4 24 | -125.7% | 34.0% | ||
| Q3 24 | -18.2% | 10.7% | ||
| Q2 24 | -63.2% | -24.6% | ||
| Q1 24 | -30.9% | -27.7% |
资本支出强度ALTIASLE
| Q4 25 | 0.9% | 1.7% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.0% | 1.1% | ||
| Q1 25 | 1.3% | 3.7% | ||
| Q4 24 | 16.3% | 5.6% | ||
| Q3 24 | 8.7% | 1.9% | ||
| Q2 24 | 2.2% | 4.7% | ||
| Q1 24 | 0.4% | 3.9% |
现金转化率ALTIASLE
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | -3.42× |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
