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Array Technologies, Inc.（ARRY）与Nextpower Inc.（NXT）财务数据对比。点击上方公司名可切换其他公司
Nextpower Inc.的季度营收约是Array Technologies, Inc.的4.0倍（$909.4M vs $226.0M），Nextpower Inc.同比增速更快（33.9% vs -17.9%），Nextpower Inc.自由现金流更多（$118.5M vs $36.2M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 11.1%）
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。
Nextpower Inc（股票代码：NXT）是一家总部位于美国加利福尼亚州弗里蒙特市的全球化能源科技企业，专注于为全球市场提供先进的能源技术解决方案及相关服务，业务覆盖全球多个国家和地区，在能源技术领域拥有较强的技术积累与市场竞争力。
ARRY vs NXT — 直观对比
营收规模更大
NXT
是对方的4.0倍
$226.0M
营收增速更快
NXT
高出51.7%
-17.9%
自由现金流更多
NXT
多$82.4M
$36.2M
两年增速更快
ARRY
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $909.4M |
| 净利润 | — | $131.2M |
| 毛利率 | 8.6% | 31.7% |
| 营业利润率 | -65.5% | 19.4% |
| 净利率 | — | 14.4% |
| 营收同比 | -17.9% | 33.9% |
| 净利润同比 | — | 13.8% |
| 每股收益（稀释后） | $-1.06 | $0.85 |
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ARRYNXT
| Q4 25 | $226.0M | $909.4M | ||
| Q3 25 | $393.5M | $905.3M | ||
| Q2 25 | $362.2M | $864.3M | ||
| Q1 25 | $302.4M | $924.3M | ||
| Q4 24 | $275.2M | $679.4M | ||
| Q3 24 | $231.4M | $635.6M | ||
| Q2 24 | $255.8M | $719.9M | ||
| Q1 24 | $153.4M | $736.5M |
净利润ARRYNXT
| Q4 25 | — | $131.2M | ||
| Q3 25 | $33.5M | $146.9M | ||
| Q2 25 | $43.3M | $157.2M | ||
| Q1 25 | $16.7M | $156.8M | ||
| Q4 24 | — | $115.3M | ||
| Q3 24 | $-141.4M | $115.4M | ||
| Q2 24 | $25.7M | $121.7M | ||
| Q1 24 | $2.2M | $205.2M |
毛利率ARRYNXT
| Q4 25 | 8.6% | 31.7% | ||
| Q3 25 | 26.9% | 32.4% | ||
| Q2 25 | 26.8% | 32.6% | ||
| Q1 25 | 25.3% | 33.1% | ||
| Q4 24 | 28.5% | 35.5% | ||
| Q3 24 | 33.8% | 35.4% | ||
| Q2 24 | 33.6% | 33.0% | ||
| Q1 24 | 35.9% | 46.2% |
营业利润率ARRYNXT
| Q4 25 | -65.5% | 19.4% | ||
| Q3 25 | 11.6% | 20.0% | ||
| Q2 25 | 12.8% | 21.5% | ||
| Q1 25 | 9.0% | 21.1% | ||
| Q4 24 | -51.7% | 22.1% | ||
| Q3 24 | -57.3% | 21.0% | ||
| Q2 24 | 15.5% | 22.2% | ||
| Q1 24 | 5.5% | 36.8% |
净利率ARRYNXT
| Q4 25 | — | 14.4% | ||
| Q3 25 | 8.5% | 16.2% | ||
| Q2 25 | 11.9% | 18.2% | ||
| Q1 25 | 5.5% | 17.0% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | -61.1% | 18.2% | ||
| Q2 24 | 10.0% | 16.9% | ||
| Q1 24 | 1.4% | 27.9% |
每股收益（稀释后）ARRYNXT
| Q4 25 | $-1.06 | $0.85 | ||
| Q3 25 | $0.12 | $0.97 | ||
| Q2 25 | $0.19 | $1.04 | ||
| Q1 25 | $0.02 | $1.05 | ||
| Q4 24 | $-0.94 | $0.79 | ||
| Q3 24 | $-1.02 | $0.79 | ||
| Q2 24 | $0.08 | $0.84 | ||
| Q1 24 | $-0.07 | $1.52 |
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 | $952.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-206.3M | $2.2B |
| 总资产 | $1.5B | $3.8B |
| 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ARRYNXT
| Q4 25 | $244.4M | $952.6M | ||
| Q3 25 | $221.5M | $845.3M | ||
| Q2 25 | $377.3M | $743.4M | ||
| Q1 25 | $348.3M | $766.1M | ||
| Q4 24 | $363.0M | $693.5M | ||
| Q3 24 | $332.4M | $561.9M | ||
| Q2 24 | $282.3M | $471.9M | ||
| Q1 24 | $287.6M | $474.1M |
股东权益ARRYNXT
| Q4 25 | $-206.3M | $2.2B | ||
| Q3 25 | $-46.7M | $2.0B | ||
| Q2 25 | $-70.9M | $1.8B | ||
| Q1 25 | $-97.8M | $1.6B | ||
| Q4 24 | $-118.1M | $1.4B | ||
| Q3 24 | $64.5M | $1.3B | ||
| Q2 24 | $200.0M | $1.1B | ||
| Q1 24 | $231.2M | $961.0M |
总资产ARRYNXT
| Q4 25 | $1.5B | $3.8B | ||
| Q3 25 | $1.6B | $3.7B | ||
| Q2 25 | $1.5B | $3.4B | ||
| Q1 25 | $1.4B | $3.2B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.7B | $2.6B | ||
| Q1 24 | $1.6B | $2.5B |
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 | $123.3M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $118.5M |
| 自由现金流率自由现金流/营收 | 16.0% | 13.0% |
| 资本支出强度资本支出/营收 | 3.3% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 0.94× |
| 过去12个月自由现金流最近4个季度 | $79.8M | $587.3M |
8季度趋势，按日历期对齐
经营现金流ARRYNXT
| Q4 25 | $43.6M | $123.3M | ||
| Q3 25 | $27.4M | $186.9M | ||
| Q2 25 | $43.8M | $81.3M | ||
| Q1 25 | $-13.1M | $237.3M | ||
| Q4 24 | $57.6M | $143.8M | ||
| Q3 24 | $44.9M | $153.8M | ||
| Q2 24 | $4.0M | $120.8M | ||
| Q1 24 | $47.5M | $111.5M |
自由现金流ARRYNXT
| Q4 25 | $36.2M | $118.5M | ||
| Q3 25 | $21.9M | $171.4M | ||
| Q2 25 | $37.2M | $70.1M | ||
| Q1 25 | $-15.4M | $227.2M | ||
| Q4 24 | $55.9M | $134.9M | ||
| Q3 24 | $43.9M | $141.8M | ||
| Q2 24 | $1.8M | $118.0M | ||
| Q1 24 | $45.1M | $109.2M |
自由现金流率ARRYNXT
| Q4 25 | 16.0% | 13.0% | ||
| Q3 25 | 5.6% | 18.9% | ||
| Q2 25 | 10.3% | 8.1% | ||
| Q1 25 | -5.1% | 24.6% | ||
| Q4 24 | 20.3% | 19.9% | ||
| Q3 24 | 19.0% | 22.3% | ||
| Q2 24 | 0.7% | 16.4% | ||
| Q1 24 | 29.4% | 14.8% |
资本支出强度ARRYNXT
| Q4 25 | 3.3% | 0.5% | ||
| Q3 25 | 1.4% | 1.7% | ||
| Q2 25 | 1.8% | 1.3% | ||
| Q1 25 | 0.8% | 1.1% | ||
| Q4 24 | 0.6% | 1.3% | ||
| Q3 24 | 0.5% | 1.9% | ||
| Q2 24 | 0.8% | 0.4% | ||
| Q1 24 | 1.6% | 0.3% |
现金转化率ARRYNXT
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.82× | 1.27× | ||
| Q2 25 | 1.01× | 0.52× | ||
| Q1 25 | -0.78× | 1.51× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 0.15× | 0.99× | ||
| Q1 24 | 21.94× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
