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Array Technologies, Inc.（ARRY）与Pebblebrook Hotel Trust（PEB）财务数据对比。点击上方公司名可切换其他公司
Pebblebrook Hotel Trust的季度营收约是Array Technologies, Inc.的1.5倍（$345.7M vs $226.0M），Pebblebrook Hotel Trust同比增速更快（7.9% vs -17.9%），Pebblebrook Hotel Trust自由现金流更多（$114.5M vs $36.2M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs -6.7%）
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。
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
ARRY vs PEB — 直观对比
营收规模更大
PEB
是对方的1.5倍
$226.0M
营收增速更快
PEB
高出25.8%
-17.9%
自由现金流更多
PEB
多$78.3M
$36.2M
两年增速更快
ARRY
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $345.7M |
| 净利润 | — | $-18.4M |
| 毛利率 | 8.6% | — |
| 营业利润率 | -65.5% | — |
| 净利率 | — | -5.3% |
| 营收同比 | -17.9% | 7.9% |
| 净利润同比 | — | 42.9% |
| 每股收益（稀释后） | $-1.06 | $-0.26 |
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ARRYPEB
| Q1 26 | — | $345.7M | ||
| Q4 25 | $226.0M | $349.0M | ||
| Q3 25 | $393.5M | $398.7M | ||
| Q2 25 | $362.2M | $407.5M | ||
| Q1 25 | $302.4M | $320.3M | ||
| Q4 24 | $275.2M | $337.6M | ||
| Q3 24 | $231.4M | $404.5M | ||
| Q2 24 | $255.8M | $397.1M |
净利润ARRYPEB
| Q1 26 | — | $-18.4M | ||
| Q4 25 | — | $-17.9M | ||
| Q3 25 | $33.5M | $-33.1M | ||
| Q2 25 | $43.3M | $18.1M | ||
| Q1 25 | $16.7M | $-32.9M | ||
| Q4 24 | — | $-50.5M | ||
| Q3 24 | $-141.4M | $43.7M | ||
| Q2 24 | $25.7M | $30.9M |
毛利率ARRYPEB
| 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ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | -65.5% | 2.5% | ||
| Q3 25 | 11.6% | -2.6% | ||
| Q2 25 | 12.8% | 12.9% | ||
| Q1 25 | 9.0% | -2.3% | ||
| Q4 24 | -51.7% | -6.7% | ||
| Q3 24 | -57.3% | 11.6% | ||
| Q2 24 | 15.5% | 15.4% |
净利率ARRYPEB
| Q1 26 | — | -5.3% | ||
| Q4 25 | — | -5.1% | ||
| Q3 25 | 8.5% | -8.3% | ||
| Q2 25 | 11.9% | 4.4% | ||
| Q1 25 | 5.5% | -10.3% | ||
| Q4 24 | — | -15.0% | ||
| Q3 24 | -61.1% | 10.8% | ||
| Q2 24 | 10.0% | 7.8% |
每股收益（稀释后）ARRYPEB
| Q1 26 | — | $-0.26 | ||
| Q4 25 | $-1.06 | $-0.22 | ||
| Q3 25 | $0.12 | $-0.37 | ||
| Q2 25 | $0.19 | $0.06 | ||
| Q1 25 | $0.02 | $-0.37 | ||
| Q4 24 | $-0.94 | $-0.47 | ||
| Q3 24 | $-1.02 | $0.24 | ||
| Q2 24 | $0.08 | $0.16 |
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 | $196.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-206.3M | $2.4B |
| 总资产 | $1.5B | $5.3B |
| 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ARRYPEB
| Q1 26 | — | $196.2M | ||
| Q4 25 | $244.4M | $184.2M | ||
| Q3 25 | $221.5M | $223.2M | ||
| Q2 25 | $377.3M | $256.1M | ||
| Q1 25 | $348.3M | $208.1M | ||
| Q4 24 | $363.0M | $206.7M | ||
| Q3 24 | $332.4M | $134.0M | ||
| Q2 24 | $282.3M | $101.7M |
总债务ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
股东权益ARRYPEB
| Q1 26 | — | $2.4B | ||
| Q4 25 | $-206.3M | $2.5B | ||
| Q3 25 | $-46.7M | $2.5B | ||
| Q2 25 | $-70.9M | $2.6B | ||
| Q1 25 | $-97.8M | $2.6B | ||
| Q4 24 | $-118.1M | $2.7B | ||
| Q3 24 | $64.5M | $2.8B | ||
| Q2 24 | $200.0M | $2.7B |
总资产ARRYPEB
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.5B | $5.3B | ||
| Q3 25 | $1.6B | $5.6B | ||
| Q2 25 | $1.5B | $5.7B | ||
| Q1 25 | $1.4B | $5.7B | ||
| Q4 24 | $1.4B | $5.7B | ||
| Q3 24 | $1.6B | $5.7B | ||
| Q2 24 | $1.7B | $5.7B |
负债/权益比ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.86× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× |
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 | $114.5M |
| 自由现金流率自由现金流/营收 | 16.0% | 33.1% |
| 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ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | $43.6M | $249.7M | ||
| Q3 25 | $27.4M | $77.6M | ||
| Q2 25 | $43.8M | $90.5M | ||
| Q1 25 | $-13.1M | $50.3M | ||
| Q4 24 | $57.6M | $275.0M | ||
| Q3 24 | $44.9M | $76.1M | ||
| Q2 24 | $4.0M | $83.7M |
自由现金流ARRYPEB
| Q1 26 | — | $114.5M | ||
| Q4 25 | $36.2M | $152.3M | ||
| Q3 25 | $21.9M | $6.8M | ||
| Q2 25 | $37.2M | — | ||
| Q1 25 | $-15.4M | — | ||
| Q4 24 | $55.9M | $146.3M | ||
| Q3 24 | $43.9M | $-24.8M | ||
| Q2 24 | $1.8M | — |
自由现金流率ARRYPEB
| Q1 26 | — | 33.1% | ||
| Q4 25 | 16.0% | 43.6% | ||
| Q3 25 | 5.6% | 1.7% | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 20.3% | 43.3% | ||
| Q3 24 | 19.0% | -6.1% | ||
| Q2 24 | 0.7% | — |
资本支出强度ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 27.9% | ||
| Q3 25 | 1.4% | 17.7% | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.6% | 38.1% | ||
| Q3 24 | 0.5% | 24.9% | ||
| Q2 24 | 0.8% | — |
现金转化率ARRYPEB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 1.01× | 5.01× | ||
| Q1 25 | -0.78× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | 0.15× | 2.70× |
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% |
PEB
| Room | $214.5M | 62% |
| Food and beverage | $91.1M | 26% |
| Other | $40.0M | 12% |
