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Array Technologies, Inc.（ARRY）与ESCO TECHNOLOGIES INC（ESE）财务数据对比。点击上方公司名可切换其他公司
ESCO TECHNOLOGIES INC的季度营收约是Array Technologies, Inc.的1.3倍（$289.7M vs $226.0M），ESCO TECHNOLOGIES INC同比增速更快（17.3% vs -17.9%），ESCO TECHNOLOGIES INC自由现金流更多（$63.0M vs $36.2M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 7.8%）
ATI科技是原加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器与芯片组的研发，1985年成立，1993年公开上市，2006年被AMD收购。作为全球知名的无晶圆厂半导体厂商，其掌握自研核心技术，生产组装环节采用外包模式。2000年3dfx破产后，ATI成为全球图形芯片领域的核心厂商之一。
ESCO是来自新加坡的品牌，专注于实验室领域相关产品及服务的研发、生产与销售，可为各类科研、检测及工业实验室提供适配的产品解决方案与配套支持，产品广泛应用于生命科学、医疗健康、工业检测等多个领域。
ARRY vs ESE — 直观对比
营收规模更大
ESE
是对方的1.3倍
$226.0M
营收增速更快
ESE
高出35.1%
-17.9%
自由现金流更多
ESE
多$26.8M
$36.2M
两年增速更快
ARRY
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $289.7M |
| 净利润 | — | $28.7M |
| 毛利率 | 8.6% | 41.4% |
| 营业利润率 | -65.5% | 13.2% |
| 净利率 | — | 9.9% |
| 营收同比 | -17.9% | 17.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | $-1.06 | $1.11 |
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ARRYESE
| Q4 25 | $226.0M | $289.7M | ||
| Q3 25 | $393.5M | $286.5M | ||
| Q2 25 | $362.2M | $296.3M | ||
| Q1 25 | $302.4M | $265.5M | ||
| Q4 24 | $275.2M | $247.0M | ||
| Q3 24 | $231.4M | $298.5M | ||
| Q2 24 | $255.8M | $260.8M | ||
| Q1 24 | $153.4M | $249.1M |
净利润ARRYESE
| Q4 25 | — | $28.7M | ||
| Q3 25 | $33.5M | $218.7M | ||
| Q2 25 | $43.3M | $26.1M | ||
| Q1 25 | $16.7M | $31.0M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | $-141.4M | $34.3M | ||
| Q2 24 | $25.7M | $29.2M | ||
| Q1 24 | $2.2M | $23.2M |
毛利率ARRYESE
| Q4 25 | 8.6% | 41.4% | ||
| Q3 25 | 26.9% | 45.9% | ||
| Q2 25 | 26.8% | 41.2% | ||
| Q1 25 | 25.3% | 41.1% | ||
| Q4 24 | 28.5% | 39.8% | ||
| Q3 24 | 33.8% | 40.1% | ||
| Q2 24 | 33.6% | 39.6% | ||
| Q1 24 | 35.9% | 38.8% |
营业利润率ARRYESE
| Q4 25 | -65.5% | 13.2% | ||
| Q3 25 | 11.6% | 17.2% | ||
| Q2 25 | 12.8% | 11.2% | ||
| Q1 25 | 9.0% | 15.3% | ||
| Q4 24 | -51.7% | 11.4% | ||
| Q3 24 | -57.3% | 14.8% | ||
| Q2 24 | 15.5% | 14.3% | ||
| Q1 24 | 5.5% | 11.7% |
净利率ARRYESE
| Q4 25 | — | 9.9% | ||
| Q3 25 | 8.5% | 76.3% | ||
| Q2 25 | 11.9% | 8.8% | ||
| Q1 25 | 5.5% | 11.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | -61.1% | 11.5% | ||
| Q2 24 | 10.0% | 11.2% | ||
| Q1 24 | 1.4% | 9.3% |
每股收益（稀释后）ARRYESE
| Q4 25 | $-1.06 | $1.11 | ||
| Q3 25 | $0.12 | $8.43 | ||
| Q2 25 | $0.19 | $1.01 | ||
| Q1 25 | $0.02 | $1.20 | ||
| Q4 24 | $-0.94 | $0.91 | ||
| Q3 24 | $-1.02 | $1.32 | ||
| Q2 24 | $0.08 | $1.13 | ||
| Q1 24 | $-0.07 | $0.90 |
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 | $244.4M | $103.8M |
| 总债务越低越好 | — | $145.5M |
| 股东权益账面价值 | $-206.3M | $1.6B |
| 总资产 | $1.5B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ARRYESE
| Q4 25 | $244.4M | $103.8M | ||
| Q3 25 | $221.5M | $101.3M | ||
| Q2 25 | $377.3M | $78.7M | ||
| Q1 25 | $348.3M | $57.4M | ||
| Q4 24 | $363.0M | $71.3M | ||
| Q3 24 | $332.4M | $66.0M | ||
| Q2 24 | $282.3M | $63.0M | ||
| Q1 24 | $287.6M | $59.4M |
总债务ARRYESE
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M | ||
| Q1 24 | — | $191.0M |
股东权益ARRYESE
| Q4 25 | $-206.3M | $1.6B | ||
| Q3 25 | $-46.7M | $1.5B | ||
| Q2 25 | $-70.9M | $1.3B | ||
| Q1 25 | $-97.8M | $1.3B | ||
| Q4 24 | $-118.1M | $1.2B | ||
| Q3 24 | $64.5M | $1.2B | ||
| Q2 24 | $200.0M | $1.2B | ||
| Q1 24 | $231.2M | $1.2B |
总资产ARRYESE
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.6B | $1.8B |
负债/权益比ARRYESE
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.16× |
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 | $43.6M | $68.9M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $63.0M |
| 自由现金流率自由现金流/营收 | 16.0% | 21.7% |
| 资本支出强度资本支出/营收 | 3.3% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.40× |
| 过去12个月自由现金流最近4个季度 | $79.8M | $239.6M |
8季度趋势，按日历期对齐
经营现金流ARRYESE
| Q4 25 | $43.6M | $68.9M | ||
| Q3 25 | $27.4M | $109.9M | ||
| Q2 25 | $43.8M | $73.7M | ||
| Q1 25 | $-13.1M | $24.1M | ||
| Q4 24 | $57.6M | $34.2M | ||
| Q3 24 | $44.9M | $72.1M | ||
| Q2 24 | $4.0M | $36.2M | ||
| Q1 24 | $47.5M | $10.5M |
自由现金流ARRYESE
| Q4 25 | $36.2M | $63.0M | ||
| Q3 25 | $21.9M | $97.8M | ||
| Q2 25 | $37.2M | $64.9M | ||
| Q1 25 | $-15.4M | $14.0M | ||
| Q4 24 | $55.9M | $29.0M | ||
| Q3 24 | $43.9M | $60.9M | ||
| Q2 24 | $1.8M | $27.6M | ||
| Q1 24 | $45.1M | $2.0M |
自由现金流率ARRYESE
| Q4 25 | 16.0% | 21.7% | ||
| Q3 25 | 5.6% | 34.1% | ||
| Q2 25 | 10.3% | 21.9% | ||
| Q1 25 | -5.1% | 5.3% | ||
| Q4 24 | 20.3% | 11.7% | ||
| Q3 24 | 19.0% | 20.4% | ||
| Q2 24 | 0.7% | 10.6% | ||
| Q1 24 | 29.4% | 0.8% |
资本支出强度ARRYESE
| Q4 25 | 3.3% | 2.0% | ||
| Q3 25 | 1.4% | 4.2% | ||
| Q2 25 | 1.8% | 3.0% | ||
| Q1 25 | 0.8% | 3.8% | ||
| Q4 24 | 0.6% | 2.1% | ||
| Q3 24 | 0.5% | 3.8% | ||
| Q2 24 | 0.8% | 3.3% | ||
| Q1 24 | 1.6% | 3.4% |
现金转化率ARRYESE
| Q4 25 | — | 2.40× | ||
| Q3 25 | 0.82× | 0.50× | ||
| Q2 25 | 1.01× | 2.83× | ||
| Q1 25 | -0.78× | 0.78× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | 0.15× | 1.24× | ||
| Q1 24 | 21.94× | 0.45× |
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
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
