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AerSale Corp（ASLE）与TUCOWS INC（TCX）财务数据对比。点击上方公司名可切换其他公司
TUCOWS INC的季度营收约是AerSale Corp的1.1倍（$98.7M vs $90.9M），AerSale Corp净利率更高（5.9% vs -22.3%，领先28.3%），TUCOWS INC同比增速更快（6.0% vs -4.0%），AerSale Corp自由现金流更多（$9.8M vs $-7.0M），过去两年TUCOWS INC的营收复合增速更高（6.2% 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。
图考兹是一家美加合资的互联网服务与电信企业，总部设立于加拿大安大略省多伦多市，在美国宾夕法尼亚州注册。公司旗下包含三大独立业务板块，分别是域名注册服务Tucows Domains、光纤网络服务Ting Internet以及通信软件服务商Wavelo。
ASLE vs TCX — 直观对比
营收规模更大
TCX
是对方的1.1倍
$90.9M
营收增速更快
TCX
高出10.0%
-4.0%
净利率更高
ASLE
高出28.3%
-22.3%
自由现金流更多
ASLE
多$16.7M
$-7.0M
两年增速更快
TCX
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $98.7M |
| 净利润 | $5.4M | $-22.0M |
| 毛利率 | 34.1% | 24.5% |
| 营业利润率 | 7.8% | -9.1% |
| 净利率 | 5.9% | -22.3% |
| 营收同比 | -4.0% | 6.0% |
| 净利润同比 | 99.7% | 48.1% |
| 每股收益（稀释后） | $0.10 | — |
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ASLETCX
| Q4 25 | $90.9M | $98.7M | ||
| Q3 25 | $71.2M | $98.6M | ||
| Q2 25 | $107.4M | $98.5M | ||
| Q1 25 | $65.8M | $94.6M | ||
| Q4 24 | $94.7M | $93.1M | ||
| Q3 24 | $82.7M | $92.3M | ||
| Q2 24 | $77.1M | $89.4M | ||
| Q1 24 | $90.5M | $87.5M |
净利润ASLETCX
| Q4 25 | $5.4M | $-22.0M | ||
| Q3 25 | $-120.0K | $-23.0M | ||
| Q2 25 | $8.6M | $-15.6M | ||
| Q1 25 | $-5.3M | $-15.1M | ||
| Q4 24 | $2.7M | $-42.5M | ||
| Q3 24 | $509.0K | $-22.3M | ||
| Q2 24 | $-3.6M | $-18.6M | ||
| Q1 24 | $6.3M | $-26.5M |
毛利率ASLETCX
| Q4 25 | 34.1% | 24.5% | ||
| Q3 25 | 30.2% | 24.5% | ||
| Q2 25 | 32.9% | 22.5% | ||
| Q1 25 | 27.3% | 24.9% | ||
| Q4 24 | 31.4% | 23.3% | ||
| Q3 24 | 28.6% | 24.0% | ||
| Q2 24 | 28.2% | 23.3% | ||
| Q1 24 | 31.8% | 20.9% |
营业利润率ASLETCX
| Q4 25 | 7.8% | -9.1% | ||
| Q3 25 | 4.0% | -9.7% | ||
| Q2 25 | 11.7% | -2.9% | ||
| Q1 25 | -10.1% | -2.1% | ||
| Q4 24 | 5.2% | -32.1% | ||
| Q3 24 | 2.4% | -10.9% | ||
| Q2 24 | -2.4% | -9.6% | ||
| Q1 24 | 5.2% | -18.9% |
净利率ASLETCX
| Q4 25 | 5.9% | -22.3% | ||
| Q3 25 | -0.2% | -23.4% | ||
| Q2 25 | 8.0% | -15.9% | ||
| Q1 25 | -8.0% | -16.0% | ||
| Q4 24 | 2.9% | -45.6% | ||
| Q3 24 | 0.6% | -24.2% | ||
| Q2 24 | -4.7% | -20.8% | ||
| Q1 24 | 6.9% | -30.3% |
每股收益（稀释后）ASLETCX
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.05 | — | ||
| 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 | $46.8M |
| 总债务越低越好 | $1.3M | $190.4M |
| 股东权益账面价值 | $424.4M | $-164.2M |
| 总资产 | $640.5M | $730.9M |
| 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ASLETCX
| Q4 25 | $4.4M | $46.8M | ||
| Q3 25 | $5.3M | $54.1M | ||
| Q2 25 | $5.7M | $52.0M | ||
| Q1 25 | $4.7M | $38.1M | ||
| Q4 24 | $4.7M | $56.9M | ||
| Q3 24 | $9.8M | $75.2M | ||
| Q2 24 | $4.3M | $39.3M | ||
| Q1 24 | $2.6M | $66.6M |
总债务ASLETCX
| Q4 25 | $1.3M | $190.4M | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $907.0K | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | $195.4M | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
股东权益ASLETCX
| Q4 25 | $424.4M | $-164.2M | ||
| Q3 25 | $417.1M | $-144.1M | ||
| Q2 25 | $415.9M | $-121.7M | ||
| Q1 25 | $406.5M | $-108.3M | ||
| Q4 24 | $455.6M | $-95.3M | ||
| Q3 24 | $451.5M | $-53.1M | ||
| Q2 24 | $449.8M | $-33.1M | ||
| Q1 24 | $452.0M | $-15.9M |
总资产ASLETCX
| Q4 25 | $640.5M | $730.9M | ||
| Q3 25 | $646.3M | $735.5M | ||
| Q2 25 | $646.7M | $742.2M | ||
| Q1 25 | $646.1M | $741.9M | ||
| Q4 24 | $604.7M | $758.8M | ||
| Q3 24 | $601.5M | $799.0M | ||
| Q2 24 | $598.7M | $758.2M | ||
| Q1 24 | $571.7M | $780.3M |
负债/权益比ASLETCX
| 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 | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | $-7.0M |
| 自由现金流率自由现金流/营收 | 10.8% | -7.1% |
| 资本支出强度资本支出/营收 | 1.7% | 4.4% |
| 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 | $-22.9M |
8季度趋势，按日历期对齐
经营现金流ASLETCX
| Q4 25 | $11.4M | $-2.6M | ||
| Q3 25 | $-8.9M | $1.5M | ||
| Q2 25 | $19.8M | $6.6M | ||
| Q1 25 | $-45.2M | $-11.3M | ||
| Q4 24 | $37.5M | $-4.8M | ||
| Q3 24 | $10.4M | $-4.6M | ||
| Q2 24 | $-15.3M | $-4.7M | ||
| Q1 24 | $-21.5M | $-5.7M |
自由现金流ASLETCX
| Q4 25 | $9.8M | $-7.0M | ||
| Q3 25 | $-9.8M | $-2.3M | ||
| Q2 25 | $18.6M | $3.1M | ||
| Q1 25 | $-47.6M | $-16.7M | ||
| Q4 24 | $32.3M | $-16.5M | ||
| Q3 24 | $8.9M | $-19.1M | ||
| Q2 24 | $-18.9M | $-20.7M | ||
| Q1 24 | $-25.0M | $-20.0M |
自由现金流率ASLETCX
| Q4 25 | 10.8% | -7.1% | ||
| Q3 25 | -13.8% | -2.4% | ||
| Q2 25 | 17.3% | 3.1% | ||
| Q1 25 | -72.4% | -17.6% | ||
| Q4 24 | 34.0% | -17.7% | ||
| Q3 24 | 10.7% | -20.7% | ||
| Q2 24 | -24.6% | -23.1% | ||
| Q1 24 | -27.7% | -22.9% |
资本支出强度ASLETCX
| Q4 25 | 1.7% | 4.4% | ||
| Q3 25 | 1.3% | 3.9% | ||
| Q2 25 | 1.1% | 3.5% | ||
| Q1 25 | 3.7% | 5.7% | ||
| Q4 24 | 5.6% | 12.5% | ||
| Q3 24 | 1.9% | 15.7% | ||
| Q2 24 | 4.7% | 17.8% | ||
| Q1 24 | 3.9% | 16.4% |
现金转化率ASLETCX
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| 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% |
TCX
| Wholesale | $57.0M | 58% |
| Fiber Internet Services | $16.5M | 17% |
| Wavelo | $13.0M | 13% |
| Platform Services | $11.7M | 12% |
