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Array Technologies, Inc.（ARRY）与JBG SMITH Properties（JBGS）财务数据对比。点击上方公司名可切换其他公司
Array Technologies, Inc.的季度营收约是JBG SMITH Properties的1.8倍（$226.0M vs $127.6M），JBG SMITH Properties同比增速更快（-2.5% vs -17.9%），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs -6.3%）
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。
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
ARRY vs JBGS — 直观对比
营收规模更大
ARRY
是对方的1.8倍
$127.6M
营收增速更快
JBGS
高出15.4%
-17.9%
两年增速更快
ARRY
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $127.6M |
| 净利润 | — | $-45.5M |
| 毛利率 | 8.6% | — |
| 营业利润率 | -65.5% | -47.5% |
| 净利率 | — | -35.7% |
| 营收同比 | -17.9% | -2.5% |
| 净利润同比 | — | 24.0% |
| 每股收益（稀释后） | $-1.06 | $-0.76 |
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ARRYJBGS
| Q4 25 | $226.0M | $127.6M | ||
| Q3 25 | $393.5M | $123.9M | ||
| Q2 25 | $362.2M | $126.5M | ||
| Q1 25 | $302.4M | $120.7M | ||
| Q4 24 | $275.2M | $130.8M | ||
| Q3 24 | $231.4M | $136.0M | ||
| Q2 24 | $255.8M | $135.3M | ||
| Q1 24 | $153.4M | $145.2M |
净利润ARRYJBGS
| Q4 25 | — | $-45.5M | ||
| Q3 25 | $33.5M | $-28.6M | ||
| Q2 25 | $43.3M | $-19.2M | ||
| Q1 25 | $16.7M | $-45.7M | ||
| Q4 24 | — | $-59.9M | ||
| Q3 24 | $-141.4M | $-27.0M | ||
| Q2 24 | $25.7M | $-24.4M | ||
| Q1 24 | $2.2M | $-32.3M |
毛利率ARRYJBGS
| Q4 25 | 8.6% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 26.8% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 35.9% | — |
营业利润率ARRYJBGS
| Q4 25 | -65.5% | -47.5% | ||
| Q3 25 | 11.6% | -27.5% | ||
| Q2 25 | 12.8% | -18.4% | ||
| Q1 25 | 9.0% | -44.7% | ||
| Q4 24 | -51.7% | -53.6% | ||
| Q3 24 | -57.3% | -22.4% | ||
| Q2 24 | 15.5% | -24.3% | ||
| Q1 24 | 5.5% | -30.1% |
净利率ARRYJBGS
| Q4 25 | — | -35.7% | ||
| Q3 25 | 8.5% | -23.1% | ||
| Q2 25 | 11.9% | -15.2% | ||
| Q1 25 | 5.5% | -37.9% | ||
| Q4 24 | — | -45.8% | ||
| Q3 24 | -61.1% | -19.8% | ||
| Q2 24 | 10.0% | -18.0% | ||
| Q1 24 | 1.4% | -22.2% |
每股收益（稀释后）ARRYJBGS
| Q4 25 | $-1.06 | $-0.76 | ||
| Q3 25 | $0.12 | $-0.48 | ||
| Q2 25 | $0.19 | $-0.29 | ||
| Q1 25 | $0.02 | $-0.56 | ||
| Q4 24 | $-0.94 | $-0.70 | ||
| Q3 24 | $-1.02 | $-0.32 | ||
| Q2 24 | $0.08 | $-0.27 | ||
| Q1 24 | $-0.07 | $-0.36 |
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 | $75.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-206.3M | $1.2B |
| 总资产 | $1.5B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARRYJBGS
| Q4 25 | $244.4M | $75.3M | ||
| Q3 25 | $221.5M | $64.4M | ||
| Q2 25 | $377.3M | $61.4M | ||
| Q1 25 | $348.3M | $81.3M | ||
| Q4 24 | $363.0M | $145.8M | ||
| Q3 24 | $332.4M | $137.0M | ||
| Q2 24 | $282.3M | $163.5M | ||
| Q1 24 | $287.6M | $220.5M |
股东权益ARRYJBGS
| Q4 25 | $-206.3M | $1.2B | ||
| Q3 25 | $-46.7M | $1.2B | ||
| Q2 25 | $-70.9M | $1.3B | ||
| Q1 25 | $-97.8M | $1.6B | ||
| Q4 24 | $-118.1M | $1.8B | ||
| Q3 24 | $64.5M | $1.9B | ||
| Q2 24 | $200.0M | $2.0B | ||
| Q1 24 | $231.2M | $2.1B |
总资产ARRYJBGS
| Q4 25 | $1.5B | $4.4B | ||
| Q3 25 | $1.6B | $4.4B | ||
| Q2 25 | $1.5B | $4.5B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.4B | $5.0B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.7B | $5.3B | ||
| Q1 24 | $1.6B | $5.4B |
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 | $73.3M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | — |
| 自由现金流率自由现金流/营收 | 16.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ARRYJBGS
| Q4 25 | $43.6M | $73.3M | ||
| Q3 25 | $27.4M | $8.9M | ||
| Q2 25 | $43.8M | $18.8M | ||
| Q1 25 | $-13.1M | $12.9M | ||
| Q4 24 | $57.6M | $129.4M | ||
| Q3 24 | $44.9M | $26.4M | ||
| Q2 24 | $4.0M | $23.8M | ||
| Q1 24 | $47.5M | $37.0M |
自由现金流ARRYJBGS
| Q4 25 | $36.2M | — | ||
| Q3 25 | $21.9M | — | ||
| Q2 25 | $37.2M | — | ||
| Q1 25 | $-15.4M | — | ||
| Q4 24 | $55.9M | — | ||
| Q3 24 | $43.9M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $45.1M | — |
自由现金流率ARRYJBGS
| Q4 25 | 16.0% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 29.4% | — |
资本支出强度ARRYJBGS
| Q4 25 | 3.3% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.6% | — |
现金转化率ARRYJBGS
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | -0.78× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| 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% |
JBGS
暂无分部数据
