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AerSale Corp（ASLE）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是AerSale Corp的1.1倍（$96.4M vs $90.9M），微宏控股净利率更高（17.2% vs 5.9%，领先11.2%），AerSale Corp同比增速更快（-4.0% vs -15.0%），微宏控股自由现金流更多（$15.8M vs $9.8M），过去两年微宏控股的营收复合增速更高（8.9% 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。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
ASLE vs MVST — 直观对比
营收规模更大
MVST
是对方的1.1倍
$90.9M
营收增速更快
ASLE
高出11.0%
-15.0%
净利率更高
MVST
高出11.2%
5.9%
自由现金流更多
MVST
多$6.0M
$9.8M
两年增速更快
MVST
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $96.4M |
| 净利润 | $5.4M | $16.5M |
| 毛利率 | 34.1% | 1.0% |
| 营业利润率 | 7.8% | -42.7% |
| 净利率 | 5.9% | 17.2% |
| 营收同比 | -4.0% | -15.0% |
| 净利润同比 | 99.7% | 120.1% |
| 每股收益（稀释后） | $0.10 | $0.19 |
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ASLEMVST
| Q4 25 | $90.9M | $96.4M | ||
| Q3 25 | $71.2M | $123.3M | ||
| Q2 25 | $107.4M | $91.3M | ||
| Q1 25 | $65.8M | $116.5M | ||
| Q4 24 | $94.7M | $113.4M | ||
| Q3 24 | $82.7M | $101.4M | ||
| Q2 24 | $77.1M | $83.7M | ||
| Q1 24 | $90.5M | $81.4M |
净利润ASLEMVST
| Q4 25 | $5.4M | $16.5M | ||
| Q3 25 | $-120.0K | $-1.5M | ||
| Q2 25 | $8.6M | $-106.1M | ||
| Q1 25 | $-5.3M | $61.8M | ||
| Q4 24 | $2.7M | $-82.3M | ||
| Q3 24 | $509.0K | $13.2M | ||
| Q2 24 | $-3.6M | $-101.6M | ||
| Q1 24 | $6.3M | $-24.8M |
毛利率ASLEMVST
| Q4 25 | 34.1% | 1.0% | ||
| Q3 25 | 30.2% | 37.6% | ||
| Q2 25 | 32.9% | 34.7% | ||
| Q1 25 | 27.3% | 36.9% | ||
| Q4 24 | 31.4% | 36.6% | ||
| Q3 24 | 28.6% | 33.2% | ||
| Q2 24 | 28.2% | 32.5% | ||
| Q1 24 | 31.8% | 21.2% |
营业利润率ASLEMVST
| Q4 25 | 7.8% | -42.7% | ||
| Q3 25 | 4.0% | 10.5% | ||
| Q2 25 | 11.7% | 17.8% | ||
| Q1 25 | -10.1% | 16.3% | ||
| Q4 24 | 5.2% | -1.2% | ||
| Q3 24 | 2.4% | 7.1% | ||
| Q2 24 | -2.4% | -118.0% | ||
| Q1 24 | 5.2% | -28.4% |
净利率ASLEMVST
| Q4 25 | 5.9% | 17.2% | ||
| Q3 25 | -0.2% | -1.2% | ||
| Q2 25 | 8.0% | -116.1% | ||
| Q1 25 | -8.0% | 53.0% | ||
| Q4 24 | 2.9% | -72.6% | ||
| Q3 24 | 0.6% | 13.1% | ||
| Q2 24 | -4.7% | -121.4% | ||
| Q1 24 | 6.9% | -30.5% |
每股收益（稀释后）ASLEMVST
| Q4 25 | $0.10 | $0.19 | ||
| Q3 25 | $0.00 | $0.00 | ||
| Q2 25 | $0.18 | $-0.33 | ||
| Q1 25 | $-0.10 | $0.05 | ||
| Q4 24 | $0.05 | $-0.24 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.07 | $-0.32 | ||
| Q1 24 | $0.12 | $-0.08 |
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 | $105.0M |
| 总债务越低越好 | $1.3M | $13.2M |
| 股东权益账面价值 | $424.4M | $410.5M |
| 总资产 | $640.5M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ASLEMVST
| Q4 25 | $4.4M | $105.0M | ||
| Q3 25 | $5.3M | $90.7M | ||
| Q2 25 | $5.7M | $99.7M | ||
| Q1 25 | $4.7M | $90.9M | ||
| Q4 24 | $4.7M | $73.0M | ||
| Q3 24 | $9.8M | $63.6M | ||
| Q2 24 | $4.3M | $68.2M | ||
| Q1 24 | $2.6M | $39.5M |
总债务ASLEMVST
| Q4 25 | $1.3M | $13.2M | ||
| Q3 25 | $1.5M | $34.4M | ||
| Q2 25 | $907.0K | $34.2M | ||
| Q1 25 | $1.1M | $41.3M | ||
| Q4 24 | $1.2M | $41.1M | ||
| Q3 24 | $376.0K | $53.4M | ||
| Q2 24 | $522.0K | $34.2M | ||
| Q1 24 | $3.5M | $43.0M |
股东权益ASLEMVST
| Q4 25 | $424.4M | $410.5M | ||
| Q3 25 | $417.1M | $358.1M | ||
| Q2 25 | $415.9M | $356.1M | ||
| Q1 25 | $406.5M | $454.2M | ||
| Q4 24 | $455.6M | $387.9M | ||
| Q3 24 | $451.5M | $486.1M | ||
| Q2 24 | $449.8M | $455.0M | ||
| Q1 24 | $452.0M | $546.1M |
总资产ASLEMVST
| Q4 25 | $640.5M | $1.0B | ||
| Q3 25 | $646.3M | $1.0B | ||
| Q2 25 | $646.7M | $1.0B | ||
| Q1 25 | $646.1M | $982.9M | ||
| Q4 24 | $604.7M | $951.9M | ||
| Q3 24 | $601.5M | $997.9M | ||
| Q2 24 | $598.7M | $961.4M | ||
| Q1 24 | $571.7M | $1.0B |
负债/权益比ASLEMVST
| Q4 25 | 0.00× | 0.03× | ||
| Q3 25 | 0.00× | 0.10× | ||
| Q2 25 | 0.00× | 0.10× | ||
| Q1 25 | 0.00× | 0.09× | ||
| Q4 24 | 0.00× | 0.11× | ||
| Q3 24 | 0.00× | 0.11× | ||
| Q2 24 | 0.00× | 0.08× | ||
| Q1 24 | 0.01× | 0.08× |
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 | $16.4M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | $15.8M |
| 自由现金流率自由现金流/营收 | 10.8% | 16.4% |
| 资本支出强度资本支出/营收 | 1.7% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.11× | 0.99× |
| 过去12个月自由现金流最近4个季度 | $-29.1M | $56.1M |
8季度趋势，按日历期对齐
经营现金流ASLEMVST
| Q4 25 | $11.4M | $16.4M | ||
| Q3 25 | $-8.9M | $15.2M | ||
| Q2 25 | $19.8M | $37.2M | ||
| Q1 25 | $-45.2M | $7.2M | ||
| Q4 24 | $37.5M | $6.1M | ||
| Q3 24 | $10.4M | $-5.4M | ||
| Q2 24 | $-15.3M | $111.0K | ||
| Q1 24 | $-21.5M | $2.0M |
自由现金流ASLEMVST
| Q4 25 | $9.8M | $15.8M | ||
| Q3 25 | $-9.8M | $1.2M | ||
| Q2 25 | $18.6M | $34.3M | ||
| Q1 25 | $-47.6M | $4.8M | ||
| Q4 24 | $32.3M | $5.7M | ||
| Q3 24 | $8.9M | $-19.6M | ||
| Q2 24 | $-18.9M | $-2.8M | ||
| Q1 24 | $-25.0M | $-8.2M |
自由现金流率ASLEMVST
| Q4 25 | 10.8% | 16.4% | ||
| Q3 25 | -13.8% | 1.0% | ||
| Q2 25 | 17.3% | 37.5% | ||
| Q1 25 | -72.4% | 4.1% | ||
| Q4 24 | 34.0% | 5.1% | ||
| Q3 24 | 10.7% | -19.3% | ||
| Q2 24 | -24.6% | -3.4% | ||
| Q1 24 | -27.7% | -10.1% |
资本支出强度ASLEMVST
| Q4 25 | 1.7% | 0.7% | ||
| Q3 25 | 1.3% | 11.3% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 3.7% | 2.0% | ||
| Q4 24 | 5.6% | 0.3% | ||
| Q3 24 | 1.9% | 14.0% | ||
| Q2 24 | 4.7% | 3.5% | ||
| Q1 24 | 3.9% | 12.6% |
现金转化率ASLEMVST
| Q4 25 | 2.11× | 0.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | -0.41× | ||
| 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% |
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
