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APOGEE ENTERPRISES, INC.（APOG）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是铱星通信的1.6倍（$351.4M vs $219.1M），铱星通信净利率更高（9.9% vs 4.7%，领先5.1%），铱星通信同比增速更快（1.9% vs 1.6%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
APOG vs IRDM — 直观对比
营收规模更大
APOG
是对方的1.6倍
$219.1M
营收增速更快
IRDM
高出0.3%
1.6%
净利率更高
IRDM
高出5.1%
4.7%
两年增速更快
IRDM
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $219.1M |
| 净利润 | $16.6M | $21.6M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 23.2% |
| 净利率 | 4.7% | 9.9% |
| 营收同比 | 1.6% | 1.9% |
| 净利润同比 | 568.8% | — |
| 每股收益（稀释后） | $0.78 | — |
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APOGIRDM
| Q1 26 | $351.4M | $219.1M | ||
| Q4 25 | $348.6M | $212.9M | ||
| Q3 25 | $358.2M | $226.9M | ||
| Q2 25 | $346.6M | $216.9M | ||
| Q1 25 | $345.7M | $214.9M | ||
| Q4 24 | $341.3M | $213.0M | ||
| Q3 24 | $342.4M | $212.8M | ||
| Q2 24 | $331.5M | $201.1M |
净利润APOGIRDM
| Q1 26 | $16.6M | $21.6M | ||
| Q4 25 | $16.5M | $24.9M | ||
| Q3 25 | $23.6M | $37.1M | ||
| Q2 25 | $-2.7M | $22.0M | ||
| Q1 25 | $2.5M | $30.4M | ||
| Q4 24 | $21.0M | $36.3M | ||
| Q3 24 | $30.6M | $24.4M | ||
| Q2 24 | $31.0M | $32.3M |
毛利率APOGIRDM
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGIRDM
| Q1 26 | 7.3% | 23.2% | ||
| Q4 25 | 7.1% | 25.9% | ||
| Q3 25 | 7.5% | 30.9% | ||
| Q2 25 | 2.0% | 23.2% | ||
| Q1 25 | 1.8% | 28.1% | ||
| Q4 24 | 8.4% | 24.5% | ||
| Q3 24 | 12.3% | 25.8% | ||
| Q2 24 | 12.5% | 21.7% |
净利率APOGIRDM
| Q1 26 | 4.7% | 9.9% | ||
| Q4 25 | 4.7% | 11.7% | ||
| Q3 25 | 6.6% | 16.4% | ||
| Q2 25 | -0.8% | 10.1% | ||
| Q1 25 | 0.7% | 14.2% | ||
| Q4 24 | 6.1% | 17.1% | ||
| Q3 24 | 8.9% | 11.5% | ||
| Q2 24 | 9.4% | 16.1% |
每股收益（稀释后）APOGIRDM
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.24 | ||
| Q3 25 | $1.10 | $0.35 | ||
| Q2 25 | $-0.13 | $0.20 | ||
| Q1 25 | $0.12 | $0.27 | ||
| Q4 24 | $0.96 | $0.30 | ||
| Q3 24 | $1.40 | $0.21 | ||
| Q2 24 | $1.41 | $0.27 |
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 | — |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | — |
| 总资产 | $1.1B | — |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资APOGIRDM
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $96.5M | ||
| Q3 25 | $39.5M | $88.5M | ||
| Q2 25 | $32.8M | $79.3M | ||
| Q1 25 | $41.4M | $50.9M | ||
| Q4 24 | $43.9M | $93.5M | ||
| Q3 24 | $51.0M | $159.6M | ||
| Q2 24 | $30.4M | $63.5M |
总债务APOGIRDM
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGIRDM
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $462.6M | ||
| Q3 25 | $500.2M | $450.5M | ||
| Q2 25 | $481.8M | $473.6M | ||
| Q1 25 | $487.9M | $518.4M | ||
| Q4 24 | $522.1M | $576.6M | ||
| Q3 24 | $506.4M | $663.8M | ||
| Q2 24 | $480.0M | $786.7M |
总资产APOGIRDM
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $917.1M | $2.8B | ||
| Q2 24 | $889.0M | $2.7B |
负债/权益比APOGIRDM
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | 13.7% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGIRDM
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $108.6M | ||
| Q3 25 | $57.1M | $100.8M | ||
| Q2 25 | $-19.8M | $129.6M | ||
| Q1 25 | $30.0M | $61.1M | ||
| Q4 24 | $31.0M | $104.8M | ||
| Q3 24 | $58.7M | $118.6M | ||
| Q2 24 | $5.5M | $81.1M |
自由现金流APOGIRDM
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $75.1M | ||
| Q3 25 | $52.4M | $79.2M | ||
| Q2 25 | $-26.9M | $108.9M | ||
| Q1 25 | $19.1M | $36.5M | ||
| Q4 24 | $22.0M | $80.5M | ||
| Q3 24 | $50.2M | $100.0M | ||
| Q2 24 | $-1.8M | $68.7M |
自由现金流率APOGIRDM
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 35.3% | ||
| Q3 25 | 14.6% | 34.9% | ||
| Q2 25 | -7.8% | 50.2% | ||
| Q1 25 | 5.5% | 17.0% | ||
| Q4 24 | 6.4% | 37.8% | ||
| Q3 24 | 14.7% | 47.0% | ||
| Q2 24 | -0.5% | 34.2% |
资本支出强度APOGIRDM
| Q1 26 | 7.8% | 13.7% | ||
| Q4 25 | 1.9% | 15.7% | ||
| Q3 25 | 1.3% | 9.5% | ||
| Q2 25 | 2.1% | 9.5% | ||
| Q1 25 | 3.2% | 11.4% | ||
| Q4 24 | 2.6% | 11.4% | ||
| Q3 24 | 2.5% | 8.7% | ||
| Q2 24 | 2.2% | 6.2% |
现金转化率APOGIRDM
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.37× | ||
| Q3 25 | 2.41× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | 12.08× | 2.01× | ||
| Q4 24 | 1.48× | 2.88× | ||
| Q3 24 | 1.92× | 4.85× | ||
| Q2 24 | 0.18× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
