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AerSale Corp（ASLE）与SunPower Inc.（SPWR）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SunPower Inc.的1.1倍（$90.9M vs $79.7M），AerSale Corp净利率更高（5.9% vs -17.8%，领先23.7%），AerSale Corp同比增速更快（-4.0% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% 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。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
ASLE vs SPWR — 直观对比
营收规模更大
ASLE
是对方的1.1倍
$79.7M
营收增速更快
ASLE
高出6.1%
-10.1%
净利率更高
ASLE
高出23.7%
-17.8%
两年增速更快
SPWR
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $79.7M |
| 净利润 | $5.4M | $-14.2M |
| 毛利率 | 34.1% | 35.5% |
| 营业利润率 | 7.8% | -27.4% |
| 净利率 | 5.9% | -17.8% |
| 营收同比 | -4.0% | -10.1% |
| 净利润同比 | 99.7% | -130.1% |
| 每股收益（稀释后） | $0.10 | $-0.05 |
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ASLESPWR
| Q4 25 | $90.9M | $79.7M | ||
| Q3 25 | $71.2M | $22.0M | ||
| Q2 25 | $107.4M | $67.5M | ||
| Q1 25 | $65.8M | $82.7M | ||
| Q4 24 | $94.7M | $88.7M | ||
| Q3 24 | $82.7M | — | ||
| Q2 24 | $77.1M | — | ||
| Q1 24 | $90.5M | — |
净利润ASLESPWR
| Q4 25 | $5.4M | $-14.2M | ||
| Q3 25 | $-120.0K | $-16.9M | ||
| Q2 25 | $8.6M | $-22.4M | ||
| Q1 25 | $-5.3M | $8.1M | ||
| Q4 24 | $2.7M | $47.0M | ||
| Q3 24 | $509.0K | — | ||
| Q2 24 | $-3.6M | — | ||
| Q1 24 | $6.3M | — |
毛利率ASLESPWR
| Q4 25 | 34.1% | 35.5% | ||
| Q3 25 | 30.2% | — | ||
| Q2 25 | 32.9% | 42.6% | ||
| Q1 25 | 27.3% | 48.5% | ||
| Q4 24 | 31.4% | 46.5% | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 31.8% | — |
营业利润率ASLESPWR
| Q4 25 | 7.8% | -27.4% | ||
| Q3 25 | 4.0% | -15.7% | ||
| Q2 25 | 11.7% | -4.0% | ||
| Q1 25 | -10.1% | 1.3% | ||
| Q4 24 | 5.2% | -24.2% | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | 5.2% | — |
净利率ASLESPWR
| Q4 25 | 5.9% | -17.8% | ||
| Q3 25 | -0.2% | -76.9% | ||
| Q2 25 | 8.0% | -33.2% | ||
| Q1 25 | -8.0% | 9.8% | ||
| Q4 24 | 2.9% | 53.0% | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | 6.9% | — |
每股收益（稀释后）ASLESPWR
| Q4 25 | $0.10 | $-0.05 | ||
| Q3 25 | $0.00 | $-0.19 | ||
| Q2 25 | $0.18 | $-0.28 | ||
| Q1 25 | $-0.10 | $0.00 | ||
| Q4 24 | $0.05 | $0.27 | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $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 | $9.6M |
| 总债务越低越好 | $1.3M | $164.8M |
| 股东权益账面价值 | $424.4M | $-90.1M |
| 总资产 | $640.5M | $241.2M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ASLESPWR
| Q4 25 | $4.4M | $9.6M | ||
| Q3 25 | $5.3M | $5.1M | ||
| Q2 25 | $5.7M | $11.1M | ||
| Q1 25 | $4.7M | $10.6M | ||
| Q4 24 | $4.7M | $13.4M | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $2.6M | — |
总债务ASLESPWR
| Q4 25 | $1.3M | $164.8M | ||
| Q3 25 | $1.5M | $204.3M | ||
| Q2 25 | $907.0K | $152.9M | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | $147.3M | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
股东权益ASLESPWR
| Q4 25 | $424.4M | $-90.1M | ||
| Q3 25 | $417.1M | $-112.3M | ||
| Q2 25 | $415.9M | $-107.2M | ||
| Q1 25 | $406.5M | $-89.0M | ||
| Q4 24 | $455.6M | $-97.5M | ||
| Q3 24 | $451.5M | — | ||
| Q2 24 | $449.8M | — | ||
| Q1 24 | $452.0M | — |
总资产ASLESPWR
| Q4 25 | $640.5M | $241.2M | ||
| Q3 25 | $646.3M | $208.3M | ||
| Q2 25 | $646.7M | $163.1M | ||
| Q1 25 | $646.1M | $147.8M | ||
| Q4 24 | $604.7M | $144.5M | ||
| Q3 24 | $601.5M | — | ||
| Q2 24 | $598.7M | — | ||
| Q1 24 | $571.7M | — |
负债/权益比ASLESPWR
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.01× | — |
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 | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | — |
| 自由现金流率自由现金流/营收 | 10.8% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASLESPWR
| Q4 25 | $11.4M | $-1.9M | ||
| Q3 25 | $-8.9M | $-6.4M | ||
| Q2 25 | $19.8M | $-4.4M | ||
| Q1 25 | $-45.2M | $-2.6M | ||
| Q4 24 | $37.5M | $-25.6M | ||
| Q3 24 | $10.4M | — | ||
| Q2 24 | $-15.3M | — | ||
| Q1 24 | $-21.5M | — |
自由现金流ASLESPWR
| Q4 25 | $9.8M | — | ||
| Q3 25 | $-9.8M | — | ||
| Q2 25 | $18.6M | — | ||
| Q1 25 | $-47.6M | — | ||
| Q4 24 | $32.3M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $-18.9M | — | ||
| Q1 24 | $-25.0M | — |
自由现金流率ASLESPWR
| Q4 25 | 10.8% | — | ||
| Q3 25 | -13.8% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | -72.4% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | -24.6% | — | ||
| Q1 24 | -27.7% | — |
资本支出强度ASLESPWR
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.9% | — |
现金转化率ASLESPWR
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | 13.89× | -0.54× | ||
| 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% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
