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Array Technologies, Inc.（ARRY）与FOX FACTORY HOLDING CORP（FOXF）财务数据对比。点击上方公司名可切换其他公司
FOX FACTORY HOLDING CORP的季度营收约是Array Technologies, Inc.的1.7倍（$376.4M vs $226.0M），FOX FACTORY HOLDING CORP同比增速更快（4.8% vs -17.9%），Array Technologies, Inc.自由现金流更多（$36.2M vs $-2.5M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 6.4%）
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。
福克斯工厂控股公司是一家美国企业，旗下最知名的产品为Fox Racing Shox品牌的越野赛车减震悬挂部件，该品牌在越野改装和赛车领域拥有较高知名度，深受越野运动爱好者与专业赛车队伍的认可。
ARRY vs FOXF — 直观对比
营收规模更大
FOXF
是对方的1.7倍
$226.0M
营收增速更快
FOXF
高出22.7%
-17.9%
自由现金流更多
ARRY
多$38.6M
$-2.5M
两年增速更快
ARRY
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $376.4M |
| 净利润 | — | $-634.0K |
| 毛利率 | 8.6% | 30.4% |
| 营业利润率 | -65.5% | 4.0% |
| 净利率 | — | -0.2% |
| 营收同比 | -17.9% | 4.8% |
| 净利润同比 | — | -113.3% |
| 每股收益（稀释后） | $-1.06 | $-0.02 |
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ARRYFOXF
| Q4 25 | $226.0M | $376.4M | ||
| Q3 25 | $393.5M | $374.9M | ||
| Q2 25 | $362.2M | $355.0M | ||
| Q1 25 | $302.4M | $352.8M | ||
| Q4 24 | $275.2M | — | ||
| Q3 24 | $231.4M | $359.1M | ||
| Q2 24 | $255.8M | $348.5M | ||
| Q1 24 | $153.4M | $333.5M |
净利润ARRYFOXF
| Q4 25 | — | $-634.0K | ||
| Q3 25 | $33.5M | $2.7M | ||
| Q2 25 | $43.3M | $-259.7M | ||
| Q1 25 | $16.7M | $-141.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | $-141.4M | $4.8M | ||
| Q2 24 | $25.7M | $5.4M | ||
| Q1 24 | $2.2M | $-3.5M |
毛利率ARRYFOXF
| Q4 25 | 8.6% | 30.4% | ||
| Q3 25 | 26.9% | 31.2% | ||
| Q2 25 | 26.8% | 30.9% | ||
| Q1 25 | 25.3% | 28.9% | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 33.8% | 29.9% | ||
| Q2 24 | 33.6% | 31.8% | ||
| Q1 24 | 35.9% | 30.9% |
营业利润率ARRYFOXF
| Q4 25 | -65.5% | 4.0% | ||
| Q3 25 | 11.6% | 4.9% | ||
| Q2 25 | 12.8% | -70.6% | ||
| Q1 25 | 9.0% | 3.2% | ||
| Q4 24 | -51.7% | — | ||
| Q3 24 | -57.3% | 5.2% | ||
| Q2 24 | 15.5% | 5.3% | ||
| Q1 24 | 5.5% | 2.7% |
净利率ARRYFOXF
| Q4 25 | — | -0.2% | ||
| Q3 25 | 8.5% | 0.7% | ||
| Q2 25 | 11.9% | -73.1% | ||
| Q1 25 | 5.5% | -0.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -61.1% | 1.3% | ||
| Q2 24 | 10.0% | 1.6% | ||
| Q1 24 | 1.4% | -1.0% |
每股收益（稀释后）ARRYFOXF
| Q4 25 | $-1.06 | $-0.02 | ||
| Q3 25 | $0.12 | $0.07 | ||
| Q2 25 | $0.19 | $-6.23 | ||
| Q1 25 | $0.02 | $0.00 | ||
| Q4 24 | $-0.94 | — | ||
| Q3 24 | $-1.02 | $0.11 | ||
| Q2 24 | $0.08 | $0.13 | ||
| Q1 24 | $-0.07 | $-0.08 |
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 | — |
| 总债务越低越好 | — | $536.7M |
| 股东权益账面价值 | $-206.3M | $956.0M |
| 总资产 | $1.5B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资ARRYFOXF
| Q4 25 | $244.4M | — | ||
| Q3 25 | $221.5M | — | ||
| Q2 25 | $377.3M | — | ||
| Q1 25 | $348.3M | $71.7M | ||
| Q4 24 | $363.0M | — | ||
| Q3 24 | $332.4M | — | ||
| Q2 24 | $282.3M | — | ||
| Q1 24 | $287.6M | — |
总债务ARRYFOXF
| Q4 25 | — | $536.7M | ||
| Q3 25 | — | $541.8M | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | — | $552.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $558.4M | ||
| Q2 24 | — | $564.1M | ||
| Q1 24 | — | $370.4M |
股东权益ARRYFOXF
| Q4 25 | $-206.3M | $956.0M | ||
| Q3 25 | $-46.7M | $958.7M | ||
| Q2 25 | $-70.9M | $939.9M | ||
| Q1 25 | $-97.8M | $1.2B | ||
| Q4 24 | $-118.1M | — | ||
| Q3 24 | $64.5M | $1.2B | ||
| Q2 24 | $200.0M | $1.2B | ||
| Q1 24 | $231.2M | $1.2B |
总资产ARRYFOXF
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.6B | $2.2B |
负债/权益比ARRYFOXF
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.31× |
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 | $5.3M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $-2.5M |
| 自由现金流率自由现金流/营收 | 16.0% | -0.7% |
| 资本支出强度资本支出/营收 | 3.3% | 2.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $79.8M | $85.4M |
8季度趋势，按日历期对齐
经营现金流ARRYFOXF
| Q4 25 | $43.6M | $5.3M | ||
| Q3 25 | $27.4M | $36.8M | ||
| Q2 25 | $43.8M | $680.0K | ||
| Q1 25 | $-13.1M | $81.7M | ||
| Q4 24 | $57.6M | — | ||
| Q3 24 | $44.9M | $14.1M | ||
| Q2 24 | $4.0M | $26.7M | ||
| Q1 24 | $47.5M | $9.4M |
自由现金流ARRYFOXF
| Q4 25 | $36.2M | $-2.5M | ||
| Q3 25 | $21.9M | $24.6M | ||
| Q2 25 | $37.2M | $-6.5M | ||
| Q1 25 | $-15.4M | $69.8M | ||
| Q4 24 | $55.9M | — | ||
| Q3 24 | $43.9M | $3.2M | ||
| Q2 24 | $1.8M | $15.4M | ||
| Q1 24 | $45.1M | $-555.0K |
自由现金流率ARRYFOXF
| Q4 25 | 16.0% | -0.7% | ||
| Q3 25 | 5.6% | 6.6% | ||
| Q2 25 | 10.3% | -1.8% | ||
| Q1 25 | -5.1% | 19.8% | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 19.0% | 0.9% | ||
| Q2 24 | 0.7% | 4.4% | ||
| Q1 24 | 29.4% | -0.2% |
资本支出强度ARRYFOXF
| Q4 25 | 3.3% | 2.1% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 0.8% | 3.4% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | 3.0% | ||
| Q2 24 | 0.8% | 3.2% | ||
| Q1 24 | 1.6% | 3.0% |
现金转化率ARRYFOXF
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 13.41× | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | -0.78× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | 0.15× | 4.94× | ||
| Q1 24 | 21.94× | — |
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% |
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
