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AerSale Corp（ASLE）与DLH Holdings Corp.（DLHC）财务数据对比。点击上方公司名可切换其他公司
AerSale Corp的季度营收约是DLH Holdings Corp.的1.3倍（$90.9M vs $68.9M），AerSale Corp净利率更高（5.9% vs -1.9%，领先7.9%），AerSale Corp同比增速更快（-4.0% vs -24.1%），AerSale Corp自由现金流更多（$9.8M vs $-4.8M），过去两年AerSale Corp的营收复合增速更高（0.2% vs -17.4%）
AerSale Corp总部位于美国佛罗里达州多拉市，是一家面向航空领域的全球供应商，主要为客运及货运航空公司、政府机构、跨国整机制造商与独立维修机构提供商用喷气飞机二手整机、发动机、航空耗材，并提供航空工程服务，同时该公司也是飞机机队回收协会的成员企业。
DLH Holdings Corp.是一家总部位于美国的政府服务供应商，主要为退伍军人事务部、国防部、卫生与公众服务部等联邦机构提供技术赋能的医疗、物流、工程及任务支持服务，同时服务部分州及地方公共部门客户。
ASLE vs DLHC — 直观对比
营收规模更大
ASLE
是对方的1.3倍
$68.9M
营收增速更快
ASLE
高出20.1%
-24.1%
净利率更高
ASLE
高出7.9%
-1.9%
自由现金流更多
ASLE
多$14.6M
$-4.8M
两年增速更快
ASLE
近两年复合增速
-17.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $68.9M |
| 净利润 | $5.4M | $-1.3M |
| 毛利率 | 34.1% | — |
| 营业利润率 | 7.8% | 2.1% |
| 净利率 | 5.9% | -1.9% |
| 营收同比 | -4.0% | -24.1% |
| 净利润同比 | 99.7% | -218.7% |
| 每股收益（稀释后） | $0.10 | $-0.09 |
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ASLEDLHC
| Q4 25 | $90.9M | $68.9M | ||
| Q3 25 | $71.2M | $81.2M | ||
| Q2 25 | $107.4M | $83.3M | ||
| Q1 25 | $65.8M | $89.2M | ||
| Q4 24 | $94.7M | $90.8M | ||
| Q3 24 | $82.7M | $96.4M | ||
| Q2 24 | $77.1M | $100.7M | ||
| Q1 24 | $90.5M | $101.0M |
净利润ASLEDLHC
| Q4 25 | $5.4M | $-1.3M | ||
| Q3 25 | $-120.0K | $-920.0K | ||
| Q2 25 | $8.6M | $289.0K | ||
| Q1 25 | $-5.3M | $878.0K | ||
| Q4 24 | $2.7M | $1.1M | ||
| Q3 24 | $509.0K | $2.3M | ||
| Q2 24 | $-3.6M | $1.1M | ||
| Q1 24 | $6.3M | $1.8M |
毛利率ASLEDLHC
| Q4 25 | 34.1% | — | ||
| Q3 25 | 30.2% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 31.8% | — |
营业利润率ASLEDLHC
| Q4 25 | 7.8% | 2.1% | ||
| Q3 25 | 4.0% | 2.8% | ||
| Q2 25 | 11.7% | 4.5% | ||
| Q1 25 | -10.1% | 5.7% | ||
| Q4 24 | 5.2% | 6.2% | ||
| Q3 24 | 2.4% | 6.6% | ||
| Q2 24 | -2.4% | 5.7% | ||
| Q1 24 | 5.2% | 5.9% |
净利率ASLEDLHC
| Q4 25 | 5.9% | -1.9% | ||
| Q3 25 | -0.2% | -1.1% | ||
| Q2 25 | 8.0% | 0.3% | ||
| Q1 25 | -8.0% | 1.0% | ||
| Q4 24 | 2.9% | 1.2% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | -4.7% | 1.1% | ||
| Q1 24 | 6.9% | 1.8% |
每股收益（稀释后）ASLEDLHC
| Q4 25 | $0.10 | $-0.09 | ||
| Q3 25 | $0.00 | $-0.07 | ||
| Q2 25 | $0.18 | $0.02 | ||
| Q1 25 | $-0.10 | $0.06 | ||
| Q4 24 | $0.05 | $0.08 | ||
| Q3 24 | $0.01 | $0.16 | ||
| Q2 24 | $-0.07 | $0.08 | ||
| Q1 24 | $0.12 | $0.12 |
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 | $4.4M | $257.0K |
| 总债务越低越好 | $1.3M | $133.5M |
| 股东权益账面价值 | $424.4M | $112.2M |
| 总资产 | $640.5M | $283.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资ASLEDLHC
| Q4 25 | $4.4M | $257.0K | ||
| Q3 25 | $5.3M | $125.0K | ||
| Q2 25 | $5.7M | $194.0K | ||
| Q1 25 | $4.7M | $196.0K | ||
| Q4 24 | $4.7M | $451.0K | ||
| Q3 24 | $9.8M | $342.0K | ||
| Q2 24 | $4.3M | $423.0K | ||
| Q1 24 | $2.6M | $238.0K |
总债务ASLEDLHC
| Q4 25 | $1.3M | $133.5M | ||
| Q3 25 | $1.5M | $128.0M | ||
| Q2 25 | $907.0K | $138.3M | ||
| Q1 25 | $1.1M | $147.3M | ||
| Q4 24 | $1.2M | $162.2M | ||
| Q3 24 | $376.0K | $149.4M | ||
| Q2 24 | $522.0K | $160.9M | ||
| Q1 24 | $3.5M | $164.8M |
股东权益ASLEDLHC
| Q4 25 | $424.4M | $112.2M | ||
| Q3 25 | $417.1M | $113.0M | ||
| Q2 25 | $415.9M | $113.7M | ||
| Q1 25 | $406.5M | $112.8M | ||
| Q4 24 | $455.6M | $111.4M | ||
| Q3 24 | $451.5M | $110.1M | ||
| Q2 24 | $449.8M | $108.6M | ||
| Q1 24 | $452.0M | $106.8M |
总资产ASLEDLHC
| Q4 25 | $640.5M | $283.5M | ||
| Q3 25 | $646.3M | $290.7M | ||
| Q2 25 | $646.7M | $299.3M | ||
| Q1 25 | $646.1M | $306.6M | ||
| Q4 24 | $604.7M | $325.0M | ||
| Q3 24 | $601.5M | $314.4M | ||
| Q2 24 | $598.7M | $325.0M | ||
| Q1 24 | $571.7M | $325.9M |
负债/权益比ASLEDLHC
| Q4 25 | 0.00× | 1.19× | ||
| Q3 25 | 0.00× | 1.13× | ||
| Q2 25 | 0.00× | 1.22× | ||
| Q1 25 | 0.00× | 1.31× | ||
| Q4 24 | 0.00× | 1.46× | ||
| Q3 24 | 0.00× | 1.36× | ||
| Q2 24 | 0.00× | 1.48× | ||
| Q1 24 | 0.01× | 1.54× |
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 | $11.4M | $-4.8M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | $-4.8M |
| 自由现金流率自由现金流/营收 | 10.8% | -7.0% |
| 资本支出强度资本支出/营收 | 1.7% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.11× | — |
| 过去12个月自由现金流最近4个季度 | $-29.1M | $29.2M |
8季度趋势，按日历期对齐
经营现金流ASLEDLHC
| Q4 25 | $11.4M | $-4.8M | ||
| Q3 25 | $-8.9M | $10.7M | ||
| Q2 25 | $19.8M | $9.6M | ||
| Q1 25 | $-45.2M | $14.5M | ||
| Q4 24 | $37.5M | $-11.5M | ||
| Q3 24 | $10.4M | $12.4M | ||
| Q2 24 | $-15.3M | $4.6M | ||
| Q1 24 | $-21.5M | $5.2M |
自由现金流ASLEDLHC
| Q4 25 | $9.8M | $-4.8M | ||
| Q3 25 | $-9.8M | $10.7M | ||
| Q2 25 | $18.6M | $9.4M | ||
| Q1 25 | $-47.6M | $14.0M | ||
| Q4 24 | $32.3M | $-12.1M | ||
| Q3 24 | $8.9M | $12.2M | ||
| Q2 24 | $-18.9M | $4.5M | ||
| Q1 24 | $-25.0M | $4.9M |
自由现金流率ASLEDLHC
| Q4 25 | 10.8% | -7.0% | ||
| Q3 25 | -13.8% | 13.1% | ||
| Q2 25 | 17.3% | 11.2% | ||
| Q1 25 | -72.4% | 15.6% | ||
| Q4 24 | 34.0% | -13.3% | ||
| Q3 24 | 10.7% | 12.7% | ||
| Q2 24 | -24.6% | 4.4% | ||
| Q1 24 | -27.7% | 4.9% |
资本支出强度ASLEDLHC
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 5.6% | 0.6% | ||
| Q3 24 | 1.9% | 0.2% | ||
| Q2 24 | 4.7% | 0.2% | ||
| Q1 24 | 3.9% | 0.3% |
现金转化率ASLEDLHC
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | 33.12× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | 13.89× | -10.35× | ||
| Q3 24 | 20.52× | 5.42× | ||
| Q2 24 | — | 4.06× | ||
| Q1 24 | -3.42× | 2.89× |
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
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
