vs
Array Technologies, Inc.（ARRY）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.5倍（$226.0M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -17.9%），Array Technologies, Inc.自由现金流更多（$36.2M vs $12.3M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 5.1%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
ARRY vs RGR — 直观对比
营收规模更大
ARRY
是对方的1.5倍
$151.1M
营收增速更快
RGR
高出21.5%
-17.9%
自由现金流更多
ARRY
多$23.8M
$12.3M
两年增速更快
ARRY
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $151.1M |
| 净利润 | — | — |
| 毛利率 | 8.6% | 17.8% |
| 营业利润率 | -65.5% | 2.3% |
| 净利率 | — | — |
| 营收同比 | -17.9% | 3.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-1.06 | $0.22 |
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ARRYRGR
| Q4 25 | $226.0M | $151.1M | ||
| Q3 25 | $393.5M | $126.8M | ||
| Q2 25 | $362.2M | $132.5M | ||
| Q1 25 | $302.4M | $135.7M | ||
| Q4 24 | $275.2M | $145.8M | ||
| Q3 24 | $231.4M | $122.3M | ||
| Q2 24 | $255.8M | $130.8M | ||
| Q1 24 | $153.4M | $136.8M |
净利润ARRYRGR
| Q4 25 | — | — | ||
| Q3 25 | $33.5M | $1.6M | ||
| Q2 25 | $43.3M | $-17.2M | ||
| Q1 25 | $16.7M | $7.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-141.4M | $4.7M | ||
| Q2 24 | $25.7M | $8.3M | ||
| Q1 24 | $2.2M | $7.1M |
毛利率ARRYRGR
| Q4 25 | 8.6% | 17.8% | ||
| Q3 25 | 26.9% | 15.1% | ||
| Q2 25 | 26.8% | 3.9% | ||
| Q1 25 | 25.3% | 22.0% | ||
| Q4 24 | 28.5% | 22.8% | ||
| Q3 24 | 33.8% | 18.5% | ||
| Q2 24 | 33.6% | 22.3% | ||
| Q1 24 | 35.9% | 21.5% |
营业利润率ARRYRGR
| Q4 25 | -65.5% | 2.3% | ||
| Q3 25 | 11.6% | -2.7% | ||
| Q2 25 | 12.8% | -15.6% | ||
| Q1 25 | 9.0% | 6.2% | ||
| Q4 24 | -51.7% | 7.8% | ||
| Q3 24 | -57.3% | 3.1% | ||
| Q2 24 | 15.5% | 6.9% | ||
| Q1 24 | 5.5% | 5.5% |
净利率ARRYRGR
| Q4 25 | — | — | ||
| Q3 25 | 8.5% | 1.2% | ||
| Q2 25 | 11.9% | -13.0% | ||
| Q1 25 | 5.5% | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | -61.1% | 3.9% | ||
| Q2 24 | 10.0% | 6.3% | ||
| Q1 24 | 1.4% | 5.2% |
每股收益（稀释后）ARRYRGR
| Q4 25 | $-1.06 | $0.22 | ||
| Q3 25 | $0.12 | $0.10 | ||
| Q2 25 | $0.19 | $-1.05 | ||
| Q1 25 | $0.02 | $0.46 | ||
| Q4 24 | $-0.94 | $0.62 | ||
| Q3 24 | $-1.02 | $0.28 | ||
| Q2 24 | $0.08 | $0.47 | ||
| Q1 24 | $-0.07 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-206.3M | $283.8M |
| 总资产 | $1.5B | $342.0M |
| 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ARRYRGR
| Q4 25 | $244.4M | $92.5M | ||
| Q3 25 | $221.5M | $80.8M | ||
| Q2 25 | $377.3M | $101.4M | ||
| Q1 25 | $348.3M | $108.3M | ||
| Q4 24 | $363.0M | $105.5M | ||
| Q3 24 | $332.4M | $96.0M | ||
| Q2 24 | $282.3M | $105.6M | ||
| Q1 24 | $287.6M | $115.3M |
股东权益ARRYRGR
| Q4 25 | $-206.3M | $283.8M | ||
| Q3 25 | $-46.7M | $279.6M | ||
| Q2 25 | $-70.9M | $289.3M | ||
| Q1 25 | $-97.8M | $321.5M | ||
| Q4 24 | $-118.1M | $319.6M | ||
| Q3 24 | $64.5M | $314.9M | ||
| Q2 24 | $200.0M | $321.5M | ||
| Q1 24 | $231.2M | $332.0M |
总资产ARRYRGR
| Q4 25 | $1.5B | $342.0M | ||
| Q3 25 | $1.6B | $342.3M | ||
| Q2 25 | $1.5B | $349.5M | ||
| Q1 25 | $1.4B | $379.0M | ||
| Q4 24 | $1.4B | $384.0M | ||
| Q3 24 | $1.6B | $373.5M | ||
| Q2 24 | $1.7B | $376.7M | ||
| Q1 24 | $1.6B | $385.0M |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $12.3M |
| 自由现金流率自由现金流/营收 | 16.0% | 8.2% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流ARRYRGR
| Q4 25 | $43.6M | $15.5M | ||
| Q3 25 | $27.4M | $12.9M | ||
| Q2 25 | $43.8M | $14.7M | ||
| Q1 25 | $-13.1M | $11.1M | ||
| Q4 24 | $57.6M | $20.0M | ||
| Q3 24 | $44.9M | $9.4M | ||
| Q2 24 | $4.0M | $18.7M | ||
| Q1 24 | $47.5M | $7.3M |
自由现金流ARRYRGR
| Q4 25 | $36.2M | $12.3M | ||
| Q3 25 | $21.9M | $7.0M | ||
| Q2 25 | $37.2M | $9.1M | ||
| Q1 25 | $-15.4M | $10.0M | ||
| Q4 24 | $55.9M | $16.4M | ||
| Q3 24 | $43.9M | $2.6M | ||
| Q2 24 | $1.8M | $10.1M | ||
| Q1 24 | $45.1M | $5.6M |
自由现金流率ARRYRGR
| Q4 25 | 16.0% | 8.2% | ||
| Q3 25 | 5.6% | 5.5% | ||
| Q2 25 | 10.3% | 6.9% | ||
| Q1 25 | -5.1% | 7.4% | ||
| Q4 24 | 20.3% | 11.2% | ||
| Q3 24 | 19.0% | 2.1% | ||
| Q2 24 | 0.7% | 7.7% | ||
| Q1 24 | 29.4% | 4.1% |
资本支出强度ARRYRGR
| Q4 25 | 3.3% | 2.1% | ||
| Q3 25 | 1.4% | 4.6% | ||
| Q2 25 | 1.8% | 4.2% | ||
| Q1 25 | 0.8% | 0.8% | ||
| Q4 24 | 0.6% | 2.5% | ||
| Q3 24 | 0.5% | 5.5% | ||
| Q2 24 | 0.8% | 6.6% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率ARRYRGR
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 8.15× | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | -0.78× | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | 0.15× | 2.27× | ||
| Q1 24 | 21.94× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
