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American Well Corp（AMWL）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American Well Corp的1.6倍（$90.9M vs $55.3M），AerSale Corp净利率更高（5.9% vs -45.1%，领先51.0%），AerSale Corp同比增速更快（-4.0% vs -22.1%），AerSale Corp自由现金流更多（$9.8M vs $-17.4M），过去两年AerSale Corp的营收复合增速更高（0.2% vs -3.6%）
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
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。
AMWL vs ASLE — 直观对比
营收规模更大
ASLE
是对方的1.6倍
$55.3M
营收增速更快
ASLE
高出18.1%
-22.1%
净利率更高
ASLE
高出51.0%
-45.1%
自由现金流更多
ASLE
多$27.1M
$-17.4M
两年增速更快
ASLE
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $90.9M |
| 净利润 | $-24.9M | $5.4M |
| 毛利率 | — | 34.1% |
| 营业利润率 | -45.5% | 7.8% |
| 净利率 | -45.1% | 5.9% |
| 营收同比 | -22.1% | -4.0% |
| 净利润同比 | 41.6% | 99.7% |
| 每股收益（稀释后） | $-1.53 | $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AMWLASLE
| Q4 25 | $55.3M | $90.9M | ||
| Q3 25 | $56.3M | $71.2M | ||
| Q2 25 | $70.9M | $107.4M | ||
| Q1 25 | $66.8M | $65.8M | ||
| Q4 24 | $71.0M | $94.7M | ||
| Q3 24 | $61.0M | $82.7M | ||
| Q2 24 | $62.8M | $77.1M | ||
| Q1 24 | $59.5M | $90.5M |
净利润AMWLASLE
| Q4 25 | $-24.9M | $5.4M | ||
| Q3 25 | $-32.4M | $-120.0K | ||
| Q2 25 | $-19.7M | $8.6M | ||
| Q1 25 | $-18.7M | $-5.3M | ||
| Q4 24 | $-42.7M | $2.7M | ||
| Q3 24 | $-43.5M | $509.0K | ||
| Q2 24 | $-49.9M | $-3.6M | ||
| Q1 24 | $-72.1M | $6.3M |
毛利率AMWLASLE
| 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AMWLASLE
| Q4 25 | -45.5% | 7.8% | ||
| Q3 25 | -52.1% | 4.0% | ||
| Q2 25 | -28.7% | 11.7% | ||
| Q1 25 | -45.5% | -10.1% | ||
| Q4 24 | -60.2% | 5.2% | ||
| Q3 24 | -77.6% | 2.4% | ||
| Q2 24 | -83.4% | -2.4% | ||
| Q1 24 | -126.1% | 5.2% |
净利率AMWLASLE
| Q4 25 | -45.1% | 5.9% | ||
| Q3 25 | -57.5% | -0.2% | ||
| Q2 25 | -27.8% | 8.0% | ||
| Q1 25 | -28.0% | -8.0% | ||
| Q4 24 | -60.1% | 2.9% | ||
| Q3 24 | -71.2% | 0.6% | ||
| Q2 24 | -79.5% | -4.7% | ||
| Q1 24 | -121.1% | 6.9% |
每股收益（稀释后）AMWLASLE
| Q4 25 | $-1.53 | $0.10 | ||
| Q3 25 | $-2.00 | $0.00 | ||
| Q2 25 | $-1.24 | $0.18 | ||
| Q1 25 | $-1.19 | $-0.10 | ||
| Q4 24 | $-2.71 | $0.05 | ||
| Q3 24 | $-2.87 | $0.01 | ||
| Q2 24 | $-3.36 | $-0.07 | ||
| Q1 24 | $-4.94 | $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 | $182.3M | $4.4M |
| 总债务越低越好 | — | $1.3M |
| 股东权益账面价值 | $235.6M | $424.4M |
| 总资产 | $323.8M | $640.5M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AMWLASLE
| Q4 25 | $182.3M | $4.4M | ||
| Q3 25 | $200.9M | $5.3M | ||
| Q2 25 | $219.1M | $5.7M | ||
| Q1 25 | $222.4M | $4.7M | ||
| Q4 24 | $228.3M | $4.7M | ||
| Q3 24 | $244.6M | $9.8M | ||
| Q2 24 | $276.9M | $4.3M | ||
| Q1 24 | $308.6M | $2.6M |
总债务AMWLASLE
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K | ||
| Q1 24 | — | $3.5M |
股东权益AMWLASLE
| Q4 25 | $235.6M | $424.4M | ||
| Q3 25 | $254.9M | $417.1M | ||
| Q2 25 | $282.6M | $415.9M | ||
| Q1 25 | $294.0M | $406.5M | ||
| Q4 24 | $304.8M | $455.6M | ||
| Q3 24 | $336.7M | $451.5M | ||
| Q2 24 | $363.9M | $449.8M | ||
| Q1 24 | $408.7M | $452.0M |
总资产AMWLASLE
| Q4 25 | $323.8M | $640.5M | ||
| Q3 25 | $359.4M | $646.3M | ||
| Q2 25 | $388.7M | $646.7M | ||
| Q1 25 | $419.5M | $646.1M | ||
| Q4 24 | $436.0M | $604.7M | ||
| Q3 24 | $483.0M | $601.5M | ||
| Q2 24 | $507.8M | $598.7M | ||
| Q1 24 | $548.4M | $571.7M |
负债/权益比AMWLASLE
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $-17.4M | $11.4M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $9.8M |
| 自由现金流率自由现金流/营收 | -31.4% | 10.8% |
| 资本支出强度资本支出/营收 | 0.0% | 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AMWLASLE
| Q4 25 | $-17.4M | $11.4M | ||
| Q3 25 | $-18.8M | $-8.9M | ||
| Q2 25 | $-4.7M | $19.8M | ||
| Q1 25 | $-25.1M | $-45.2M | ||
| Q4 24 | $-13.4M | $37.5M | ||
| Q3 24 | $-32.4M | $10.4M | ||
| Q2 24 | $-21.8M | $-15.3M | ||
| Q1 24 | $-59.8M | $-21.5M |
自由现金流AMWLASLE
| Q4 25 | $-17.4M | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | $-25.1M | $-47.6M | ||
| Q4 24 | $-13.4M | $32.3M | ||
| Q3 24 | $-32.4M | $8.9M | ||
| Q2 24 | $-21.8M | $-18.9M | ||
| Q1 24 | $-59.8M | $-25.0M |
自由现金流率AMWLASLE
| Q4 25 | -31.4% | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | -37.6% | -72.4% | ||
| Q4 24 | -18.9% | 34.0% | ||
| Q3 24 | -53.0% | 10.7% | ||
| Q2 24 | -34.7% | -24.6% | ||
| Q1 24 | -100.5% | -27.7% |
资本支出强度AMWLASLE
| Q4 25 | 0.0% | 1.7% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.0% | 1.1% | ||
| Q1 25 | 0.0% | 3.7% | ||
| Q4 24 | 0.0% | 5.6% | ||
| Q3 24 | 0.0% | 1.9% | ||
| Q2 24 | 0.0% | 4.7% | ||
| Q1 24 | 0.1% | 3.9% |
现金转化率AMWLASLE
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -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
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
