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APOGEE ENTERPRISES, INC.（APOG）与AeroVironment Inc（AVAV）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是APOGEE ENTERPRISES, INC.的1.3倍（$472.5M vs $351.4M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -3.6%，领先8.3%），AeroVironment Inc同比增速更快（181.9% vs 1.6%），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
APOG vs AVAV — 直观对比
营收规模更大
AVAV
是对方的1.3倍
$351.4M
营收增速更快
AVAV
高出180.3%
1.6%
净利率更高
APOG
高出8.3%
-3.6%
两年增速更快
AVAV
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $472.5M |
| 净利润 | $16.6M | $-17.1M |
| 毛利率 | 22.4% | 22.0% |
| 营业利润率 | 7.3% | -6.4% |
| 净利率 | 4.7% | -3.6% |
| 营收同比 | 1.6% | 181.9% |
| 净利润同比 | 568.8% | -875.1% |
| 每股收益（稀释后） | $0.78 | $-0.34 |
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APOGAVAV
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $472.5M | ||
| Q3 25 | $358.2M | $454.7M | ||
| Q2 25 | $346.6M | $275.1M | ||
| Q1 25 | $345.7M | $167.6M | ||
| Q4 24 | $341.3M | $188.5M | ||
| Q3 24 | $342.4M | $189.5M | ||
| Q2 24 | $331.5M | $197.0M |
净利润APOGAVAV
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-17.1M | ||
| Q3 25 | $23.6M | $-67.4M | ||
| Q2 25 | $-2.7M | $16.7M | ||
| Q1 25 | $2.5M | $-1.8M | ||
| Q4 24 | $21.0M | $7.5M | ||
| Q3 24 | $30.6M | $21.2M | ||
| Q2 24 | $31.0M | $6.0M |
毛利率APOGAVAV
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 22.0% | ||
| Q3 25 | 23.1% | 20.9% | ||
| Q2 25 | 21.7% | 36.5% | ||
| Q1 25 | 21.6% | 37.7% | ||
| Q4 24 | 26.1% | 39.1% | ||
| Q3 24 | 28.4% | 43.0% | ||
| Q2 24 | 29.8% | 38.4% |
营业利润率APOGAVAV
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -6.4% | ||
| Q3 25 | 7.5% | -15.2% | ||
| Q2 25 | 2.0% | 5.0% | ||
| Q1 25 | 1.8% | -1.8% | ||
| Q4 24 | 8.4% | 3.7% | ||
| Q3 24 | 12.3% | 12.2% | ||
| Q2 24 | 12.5% | 3.0% |
净利率APOGAVAV
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -3.6% | ||
| Q3 25 | 6.6% | -14.8% | ||
| Q2 25 | -0.8% | 6.1% | ||
| Q1 25 | 0.7% | -1.0% | ||
| Q4 24 | 6.1% | 4.0% | ||
| Q3 24 | 8.9% | 11.2% | ||
| Q2 24 | 9.4% | 3.1% |
每股收益（稀释后）APOGAVAV
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.34 | ||
| Q3 25 | $1.10 | $-1.44 | ||
| Q2 25 | $-0.13 | $0.59 | ||
| Q1 25 | $0.12 | $-0.06 | ||
| Q4 24 | $0.96 | $0.27 | ||
| Q3 24 | $1.40 | $0.75 | ||
| Q2 24 | $1.41 | $0.18 |
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 | $39.5M | $588.5M |
| 总债务越低越好 | $232.3M | $747.5M |
| 股东权益账面价值 | $511.8M | $4.4B |
| 总资产 | $1.1B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资APOGAVAV
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $588.5M | ||
| Q3 25 | $39.5M | $685.8M | ||
| Q2 25 | $32.8M | $40.9M | ||
| Q1 25 | $41.4M | $47.0M | ||
| Q4 24 | $43.9M | $69.0M | ||
| Q3 24 | $51.0M | $81.2M | ||
| Q2 24 | $30.4M | $73.3M |
总债务APOGAVAV
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $747.5M | ||
| Q3 25 | — | $747.5M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | $285.0M | $25.0M | ||
| Q4 24 | — | $15.0M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $28.0M |
股东权益APOGAVAV
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $4.4B | ||
| Q3 25 | $500.2M | $4.4B | ||
| Q2 25 | $481.8M | $886.5M | ||
| Q1 25 | $487.9M | $861.1M | ||
| Q4 24 | $522.1M | $858.4M | ||
| Q3 24 | $506.4M | $845.5M | ||
| Q2 24 | $480.0M | $822.7M |
总资产APOGAVAV
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.6B | ||
| Q3 25 | $1.2B | $5.6B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $917.1M | $999.2M | ||
| Q2 24 | $889.0M | $1.0B |
负债/权益比APOGAVAV
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | 0.58× | 0.03× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | $122.5M | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-55.9M |
| 自由现金流率自由现金流/营收 | — | -11.8% |
| 资本支出强度资本支出/营收 | 7.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $-240.7M |
8季度趋势，按日历期对齐
经营现金流APOGAVAV
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-45.1M | ||
| Q3 25 | $57.1M | $-123.7M | ||
| Q2 25 | $-19.8M | $-264.0K | ||
| Q1 25 | $30.0M | $-25.8M | ||
| Q4 24 | $31.0M | $-3.6M | ||
| Q3 24 | $58.7M | $28.4M | ||
| Q2 24 | $5.5M | $-11.7M |
自由现金流APOGAVAV
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-55.9M | ||
| Q3 25 | $52.4M | $-146.5M | ||
| Q2 25 | $-26.9M | $-8.8M | ||
| Q1 25 | $19.1M | $-29.6M | ||
| Q4 24 | $22.0M | $-8.7M | ||
| Q3 24 | $50.2M | $22.9M | ||
| Q2 24 | $-1.8M | $-20.8M |
自由现金流率APOGAVAV
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -11.8% | ||
| Q3 25 | 14.6% | -32.2% | ||
| Q2 25 | -7.8% | -3.2% | ||
| Q1 25 | 5.5% | -17.7% | ||
| Q4 24 | 6.4% | -4.6% | ||
| Q3 24 | 14.7% | 12.1% | ||
| Q2 24 | -0.5% | -10.5% |
资本支出强度APOGAVAV
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | 1.3% | 5.0% | ||
| Q2 25 | 2.1% | 3.1% | ||
| Q1 25 | 3.2% | 2.3% | ||
| Q4 24 | 2.6% | 2.7% | ||
| Q3 24 | 2.5% | 2.9% | ||
| Q2 24 | 2.2% | 4.6% |
现金转化率APOGAVAV
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | -0.02× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | -0.48× | ||
| Q3 24 | 1.92× | 1.34× | ||
| Q2 24 | 0.18× | -1.93× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
