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Array Technologies, Inc.（ARRY）与National Bank Holdings Corp（NBHC）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National Bank Holdings Corp的1.8倍（$226.0M vs $126.8M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 14.0%）
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。
这是一家美国区域性银行控股集团，目前在伊利诺伊、印第安纳等八个美国州布局营业网点，拥有近250个金融服务中心与约200家零售分行，总资产达485亿美元。它是总部位于印第安纳州的最大银行控股公司，也跻身美国银行业三十强之列。
ARRY vs NBHC — 直观对比
营收规模更大
ARRY
是对方的1.8倍
$126.8M
两年增速更快
ARRY
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $126.8M |
| 净利润 | — | $20.8M |
| 毛利率 | 8.6% | — |
| 营业利润率 | -65.5% | — |
| 净利率 | — | 16.4% |
| 营收同比 | -17.9% | — |
| 净利润同比 | — | -14.2% |
| 每股收益（稀释后） | $-1.06 | $0.46 |
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ARRYNBHC
| Q1 26 | — | $126.8M | ||
| Q4 25 | $226.0M | $100.6M | ||
| Q3 25 | $393.5M | $108.9M | ||
| Q2 25 | $362.2M | $104.5M | ||
| Q1 25 | $302.4M | $102.1M | ||
| Q4 24 | $275.2M | $101.3M | ||
| Q3 24 | $231.4M | $106.0M | ||
| Q2 24 | $255.8M | $97.6M |
净利润ARRYNBHC
| Q1 26 | — | $20.8M | ||
| Q4 25 | — | $16.0M | ||
| Q3 25 | $33.5M | $35.3M | ||
| Q2 25 | $43.3M | $34.0M | ||
| Q1 25 | $16.7M | $24.2M | ||
| Q4 24 | — | $28.2M | ||
| Q3 24 | $-141.4M | $33.1M | ||
| Q2 24 | $25.7M | $26.1M |
毛利率ARRYNBHC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ARRYNBHC
| Q1 26 | — | — | ||
| Q4 25 | -65.5% | 19.0% | ||
| Q3 25 | 11.6% | 39.6% | ||
| Q2 25 | 12.8% | 39.8% | ||
| Q1 25 | 9.0% | 29.2% | ||
| Q4 24 | -51.7% | 34.3% | ||
| Q3 24 | -57.3% | 37.6% | ||
| Q2 24 | 15.5% | 32.5% |
净利率ARRYNBHC
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 15.9% | ||
| Q3 25 | 8.5% | 32.4% | ||
| Q2 25 | 11.9% | 32.6% | ||
| Q1 25 | 5.5% | 23.7% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | -61.1% | 31.2% | ||
| Q2 24 | 10.0% | 26.8% |
每股收益（稀释后）ARRYNBHC
| Q1 26 | — | $0.46 | ||
| Q4 25 | $-1.06 | $0.42 | ||
| Q3 25 | $0.12 | $0.92 | ||
| Q2 25 | $0.19 | $0.88 | ||
| Q1 25 | $0.02 | $0.63 | ||
| Q4 24 | $-0.94 | $0.72 | ||
| Q3 24 | $-1.02 | $0.86 | ||
| Q2 24 | $0.08 | $0.68 |
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 | $472.8M |
| 总债务越低越好 | — | $202.1M |
| 股东权益账面价值 | $-206.3M | $1.7B |
| 总资产 | $1.5B | $12.6B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资ARRYNBHC
| Q1 26 | — | $472.8M | ||
| Q4 25 | $244.4M | $417.1M | ||
| Q3 25 | $221.5M | $555.6M | ||
| Q2 25 | $377.3M | $296.5M | ||
| Q1 25 | $348.3M | $246.3M | ||
| Q4 24 | $363.0M | $127.8M | ||
| Q3 24 | $332.4M | $180.8M | ||
| Q2 24 | $282.3M | $145.0M |
总债务ARRYNBHC
| Q1 26 | — | $202.1M | ||
| Q4 25 | — | $54.5M | ||
| Q3 25 | — | $54.7M | ||
| Q2 25 | — | $54.4M | ||
| Q1 25 | — | $54.6M | ||
| Q4 24 | — | $54.5M | ||
| Q3 24 | — | $54.4M | ||
| Q2 24 | — | $54.4M |
股东权益ARRYNBHC
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-206.3M | $1.4B | ||
| Q3 25 | $-46.7M | $1.4B | ||
| Q2 25 | $-70.9M | $1.4B | ||
| Q1 25 | $-97.8M | $1.3B | ||
| Q4 24 | $-118.1M | $1.3B | ||
| Q3 24 | $64.5M | $1.3B | ||
| Q2 24 | $200.0M | $1.2B |
总资产ARRYNBHC
| Q1 26 | — | $12.6B | ||
| Q4 25 | $1.5B | $9.9B | ||
| Q3 25 | $1.6B | $10.2B | ||
| Q2 25 | $1.5B | $10.0B | ||
| Q1 25 | $1.4B | $10.1B | ||
| Q4 24 | $1.4B | $9.8B | ||
| Q3 24 | $1.6B | $10.0B | ||
| Q2 24 | $1.7B | $10.0B |
负债/权益比ARRYNBHC
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
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 | — |
| 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ARRYNBHC
| Q1 26 | — | — | ||
| Q4 25 | $43.6M | $162.4M | ||
| Q3 25 | $27.4M | $52.4M | ||
| Q2 25 | $43.8M | $32.3M | ||
| Q1 25 | $-13.1M | $39.6M | ||
| Q4 24 | $57.6M | $155.3M | ||
| Q3 24 | $44.9M | $47.0M | ||
| Q2 24 | $4.0M | $31.9M |
自由现金流ARRYNBHC
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率ARRYNBHC
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度ARRYNBHC
| Q1 26 | — | — | ||
| 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% | — |
现金转化率ARRYNBHC
| Q1 26 | — | — | ||
| Q4 25 | — | 10.13× | ||
| Q3 25 | 0.82× | 1.48× | ||
| Q2 25 | 1.01× | 0.95× | ||
| Q1 25 | -0.78× | 1.64× | ||
| Q4 24 | — | 5.51× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | 0.15× | 1.22× |
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% |
NBHC
| Net Interest Income | $108.8M | 86% |
| Noninterest Income | $18.0M | 14% |
