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AerSale Corp（ASLE）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是AerSale Corp的1.6倍（$143.5M vs $90.9M），AerSale Corp净利率更高（5.9% vs -68.1%，领先74.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -4.0%），AerSale Corp自由现金流更多（$9.8M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 0.2%）
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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
ASLE vs FIP — 直观对比
营收规模更大
FIP
是对方的1.6倍
$90.9M
营收增速更快
FIP
高出81.7%
-4.0%
净利率更高
ASLE
高出74.0%
-68.1%
自由现金流更多
ASLE
多$78.4M
$-68.6M
两年增速更快
FIP
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $143.5M |
| 净利润 | $5.4M | $-97.7M |
| 毛利率 | 34.1% | — |
| 营业利润率 | 7.8% | -45.7% |
| 净利率 | 5.9% | -68.1% |
| 营收同比 | -4.0% | 77.7% |
| 净利润同比 | 99.7% | 21.6% |
| 每股收益（稀释后） | $0.10 | $-1.04 |
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ASLEFIP
| Q4 25 | $90.9M | $143.5M | ||
| Q3 25 | $71.2M | $140.6M | ||
| Q2 25 | $107.4M | $122.3M | ||
| Q1 25 | $65.8M | $96.2M | ||
| Q4 24 | $94.7M | $80.8M | ||
| Q3 24 | $82.7M | $83.3M | ||
| Q2 24 | $77.1M | $84.9M | ||
| Q1 24 | $90.5M | $82.5M |
净利润ASLEFIP
| Q4 25 | $5.4M | $-97.7M | ||
| Q3 25 | $-120.0K | $-104.5M | ||
| Q2 25 | $8.6M | $-70.0M | ||
| Q1 25 | $-5.3M | $120.2M | ||
| Q4 24 | $2.7M | $-124.7M | ||
| Q3 24 | $509.0K | $-43.0M | ||
| Q2 24 | $-3.6M | $-48.1M | ||
| Q1 24 | $6.3M | $-50.3M |
毛利率ASLEFIP
| 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ASLEFIP
| Q4 25 | 7.8% | -45.7% | ||
| Q3 25 | 4.0% | -70.8% | ||
| Q2 25 | 11.7% | -56.4% | ||
| Q1 25 | -10.1% | 81.8% | ||
| Q4 24 | 5.2% | -152.7% | ||
| Q3 24 | 2.4% | -51.7% | ||
| Q2 24 | -2.4% | -56.4% | ||
| Q1 24 | 5.2% | -58.8% |
净利率ASLEFIP
| Q4 25 | 5.9% | -68.1% | ||
| Q3 25 | -0.2% | -74.4% | ||
| Q2 25 | 8.0% | -57.2% | ||
| Q1 25 | -8.0% | 125.0% | ||
| Q4 24 | 2.9% | -154.4% | ||
| Q3 24 | 0.6% | -51.6% | ||
| Q2 24 | -4.7% | -56.7% | ||
| Q1 24 | 6.9% | -60.9% |
每股收益（稀释后）ASLEFIP
| Q4 25 | $0.10 | $-1.04 | ||
| Q3 25 | $0.00 | $-1.38 | ||
| Q2 25 | $0.18 | $-0.73 | ||
| Q1 25 | $-0.10 | $0.89 | ||
| Q4 24 | $0.05 | $-1.21 | ||
| Q3 24 | $0.01 | $-0.45 | ||
| Q2 24 | $-0.07 | $-0.52 | ||
| Q1 24 | $0.12 | $-0.54 |
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 | $57.4M |
| 总债务越低越好 | $1.3M | $3.8B |
| 股东权益账面价值 | $424.4M | $21.3M |
| 总资产 | $640.5M | $5.7B |
| 负债/权益比越低杠杆越低 | 0.00× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资ASLEFIP
| Q4 25 | $4.4M | $57.4M | ||
| Q3 25 | $5.3M | $34.7M | ||
| Q2 25 | $5.7M | $33.6M | ||
| Q1 25 | $4.7M | $26.3M | ||
| Q4 24 | $4.7M | $27.8M | ||
| Q3 24 | $9.8M | $20.3M | ||
| Q2 24 | $4.3M | $33.1M | ||
| Q1 24 | $2.6M | $23.0M |
总债务ASLEFIP
| Q4 25 | $1.3M | $3.8B | ||
| Q3 25 | $1.5M | $3.7B | ||
| Q2 25 | $907.0K | $3.1B | ||
| Q1 25 | $1.1M | $2.8B | ||
| Q4 24 | $1.2M | $1.6B | ||
| Q3 24 | $376.0K | $1.5B | ||
| Q2 24 | $522.0K | $1.6B | ||
| Q1 24 | $3.5M | $1.3B |
股东权益ASLEFIP
| Q4 25 | $424.4M | $21.3M | ||
| Q3 25 | $417.1M | $181.1M | ||
| Q2 25 | $415.9M | $375.5M | ||
| Q1 25 | $406.5M | $476.2M | ||
| Q4 24 | $455.6M | $202.7M | ||
| Q3 24 | $451.5M | $370.8M | ||
| Q2 24 | $449.8M | $394.8M | ||
| Q1 24 | $452.0M | $402.5M |
总资产ASLEFIP
| Q4 25 | $640.5M | $5.7B | ||
| Q3 25 | $646.3M | $5.5B | ||
| Q2 25 | $646.7M | $4.4B | ||
| Q1 25 | $646.1M | $4.1B | ||
| Q4 24 | $604.7M | $2.4B | ||
| Q3 24 | $601.5M | $2.4B | ||
| Q2 24 | $598.7M | $2.5B | ||
| Q1 24 | $571.7M | $2.3B |
负债/权益比ASLEFIP
| Q4 25 | 0.00× | 176.99× | ||
| Q3 25 | 0.00× | 20.59× | ||
| Q2 25 | 0.00× | 8.21× | ||
| Q1 25 | 0.00× | 5.79× | ||
| Q4 24 | 0.00× | 7.84× | ||
| Q3 24 | 0.00× | 4.14× | ||
| Q2 24 | 0.00× | 3.94× | ||
| Q1 24 | 0.01× | 3.34× |
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 | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | $-68.6M |
| 自由现金流率自由现金流/营收 | 10.8% | -47.8% |
| 资本支出强度资本支出/营收 | 1.7% | 45.9% |
| 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 | $-398.5M |
8季度趋势，按日历期对齐
经营现金流ASLEFIP
| Q4 25 | $11.4M | $-2.8M | ||
| Q3 25 | $-8.9M | $-24.4M | ||
| Q2 25 | $19.8M | $-5.2M | ||
| Q1 25 | $-45.2M | $-85.7M | ||
| Q4 24 | $37.5M | $-8.1M | ||
| Q3 24 | $10.4M | $14.2M | ||
| Q2 24 | $-15.3M | $-17.6M | ||
| Q1 24 | $-21.5M | $-3.9M |
自由现金流ASLEFIP
| Q4 25 | $9.8M | $-68.6M | ||
| Q3 25 | $-9.8M | $-90.7M | ||
| Q2 25 | $18.6M | $-87.5M | ||
| Q1 25 | $-47.6M | $-151.7M | ||
| Q4 24 | $32.3M | $-34.3M | ||
| Q3 24 | $8.9M | $-11.7M | ||
| Q2 24 | $-18.9M | $-32.1M | ||
| Q1 24 | $-25.0M | $-16.7M |
自由现金流率ASLEFIP
| Q4 25 | 10.8% | -47.8% | ||
| Q3 25 | -13.8% | -64.5% | ||
| Q2 25 | 17.3% | -71.6% | ||
| Q1 25 | -72.4% | -157.7% | ||
| Q4 24 | 34.0% | -42.4% | ||
| Q3 24 | 10.7% | -14.0% | ||
| Q2 24 | -24.6% | -37.9% | ||
| Q1 24 | -27.7% | -20.3% |
资本支出强度ASLEFIP
| Q4 25 | 1.7% | 45.9% | ||
| Q3 25 | 1.3% | 47.2% | ||
| Q2 25 | 1.1% | 67.3% | ||
| Q1 25 | 3.7% | 68.6% | ||
| Q4 24 | 5.6% | 32.5% | ||
| Q3 24 | 1.9% | 31.1% | ||
| Q2 24 | 4.7% | 17.2% | ||
| Q1 24 | 3.9% | 15.6% |
现金转化率ASLEFIP
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.42× | — |
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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
