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ASPEN AEROGELS INC（ASPN）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
ASPEN AEROGELS INC的季度营收约是REDWOOD TRUST INC的1.6倍（$41.3M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -176.4%，领先253.6%），REDWOOD TRUST INC同比增速更快（-6.1% vs -66.4%），过去两年ASPEN AEROGELS INC的营收复合增速更高（-33.9% vs -41.0%）
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
ASPN vs RWT — 直观对比
营收规模更大
ASPN
是对方的1.6倍
$25.9M
营收增速更快
RWT
高出60.3%
-66.4%
净利率更高
RWT
高出253.6%
-176.4%
两年增速更快
ASPN
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.3M | $25.9M |
| 净利润 | $-72.9M | $20.0M |
| 毛利率 | -55.5% | — |
| 营业利润率 | -170.3% | — |
| 净利率 | -176.4% | 77.2% |
| 营收同比 | -66.4% | -6.1% |
| 净利润同比 | -741.7% | 402.6% |
| 每股收益（稀释后） | $-0.87 | $0.11 |
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ASPNRWT
| Q4 25 | $41.3M | $25.9M | ||
| Q3 25 | $73.0M | $15.0M | ||
| Q2 25 | $78.0M | $13.8M | ||
| Q1 25 | $78.7M | $27.9M | ||
| Q4 24 | $123.1M | $27.6M | ||
| Q3 24 | $117.3M | $25.5M | ||
| Q2 24 | $117.8M | $67.4M | ||
| Q1 24 | $94.5M | $74.5M |
净利润ASPNRWT
| Q4 25 | $-72.9M | $20.0M | ||
| Q3 25 | $-6.3M | $-7.7M | ||
| Q2 25 | $-9.1M | $-98.5M | ||
| Q1 25 | $-301.2M | $16.1M | ||
| Q4 24 | $11.4M | $-6.6M | ||
| Q3 24 | $-13.0M | $14.8M | ||
| Q2 24 | $16.8M | $15.5M | ||
| Q1 24 | $-1.8M | $30.3M |
毛利率ASPNRWT
| Q4 25 | -55.5% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | 38.3% | — | ||
| Q3 24 | 41.8% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 37.2% | — |
营业利润率ASPNRWT
| Q4 25 | -170.3% | — | ||
| Q3 25 | -4.6% | -9.0% | ||
| Q2 25 | -6.6% | -679.0% | ||
| Q1 25 | -380.2% | 80.2% | ||
| Q4 24 | 12.0% | -1.3% | ||
| Q3 24 | 14.8% | 86.1% | ||
| Q2 24 | 17.0% | 30.3% | ||
| Q1 24 | 2.6% | 41.3% |
净利率ASPNRWT
| Q4 25 | -176.4% | 77.2% | ||
| Q3 25 | -8.7% | -51.4% | ||
| Q2 25 | -11.6% | -712.0% | ||
| Q1 25 | -382.7% | 57.8% | ||
| Q4 24 | 9.2% | -24.0% | ||
| Q3 24 | -11.1% | 58.1% | ||
| Q2 24 | 14.3% | 23.0% | ||
| Q1 24 | -1.9% | 40.6% |
每股收益（稀释后）ASPNRWT
| Q4 25 | $-0.87 | $0.11 | ||
| Q3 25 | $-0.08 | $-0.08 | ||
| Q2 25 | $-0.11 | $-0.76 | ||
| Q1 25 | $-3.67 | $0.10 | ||
| Q4 24 | $0.15 | $-0.08 | ||
| Q3 24 | $-0.17 | $0.09 | ||
| Q2 24 | $0.21 | $0.10 | ||
| Q1 24 | $-0.02 | $0.21 |
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 | $156.9M | $255.7M |
| 总债务越低越好 | $65.5M | — |
| 股东权益账面价值 | $235.5M | $982.6M |
| 总资产 | $406.7M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资ASPNRWT
| Q4 25 | $156.9M | $255.7M | ||
| Q3 25 | $150.7M | $226.3M | ||
| Q2 25 | $167.6M | $302.0M | ||
| Q1 25 | $192.0M | $259.9M | ||
| Q4 24 | $220.9M | $245.2M | ||
| Q3 24 | $113.5M | $253.7M | ||
| Q2 24 | $91.4M | $275.6M | ||
| Q1 24 | $101.5M | $275.4M |
总债务ASPNRWT
| Q4 25 | $65.5M | — | ||
| Q3 25 | $70.1M | — | ||
| Q2 25 | $77.3M | — | ||
| Q1 25 | $95.4M | — | ||
| Q4 24 | $95.0M | — | ||
| Q3 24 | $93.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益ASPNRWT
| Q4 25 | $235.5M | $982.6M | ||
| Q3 25 | $305.7M | $999.0M | ||
| Q2 25 | $308.8M | $1.1B | ||
| Q1 25 | $314.8M | $1.2B | ||
| Q4 24 | $614.7M | $1.2B | ||
| Q3 24 | $507.6M | $1.2B | ||
| Q2 24 | $517.8M | $1.2B | ||
| Q1 24 | $491.2M | $1.2B |
总资产ASPNRWT
| Q4 25 | $406.7M | $23.7B | ||
| Q3 25 | $491.4M | $22.6B | ||
| Q2 25 | $525.1M | $21.3B | ||
| Q1 25 | $555.0M | $19.9B | ||
| Q4 24 | $895.1M | $18.3B | ||
| Q3 24 | $782.6M | $18.4B | ||
| Q2 24 | $748.6M | $16.5B | ||
| Q1 24 | $698.0M | $15.1B |
负债/权益比ASPNRWT
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $16.1M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $13.7M | — |
| 自由现金流率自由现金流/营收 | 33.1% | — |
| 资本支出强度资本支出/营收 | 6.0% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流ASPNRWT
| Q4 25 | $16.1M | $-10.1B | ||
| Q3 25 | $15.0M | $-2.7B | ||
| Q2 25 | $-3.9M | $-2.1B | ||
| Q1 25 | $5.6M | $-2.0B | ||
| Q4 24 | $35.7M | $-5.9B | ||
| Q3 24 | $20.8M | $-2.1B | ||
| Q2 24 | $6.8M | $-2.0B | ||
| Q1 24 | $-17.7M | $-954.2M |
自由现金流ASPNRWT
| Q4 25 | $13.7M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $-16.8M | — | ||
| Q1 25 | $-7.4M | — | ||
| Q4 24 | $20.9M | — | ||
| Q3 24 | $-50.0K | — | ||
| Q2 24 | $-18.0M | — | ||
| Q1 24 | $-43.6M | — |
自由现金流率ASPNRWT
| Q4 25 | 33.1% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | -21.6% | — | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | -0.0% | — | ||
| Q2 24 | -15.3% | — | ||
| Q1 24 | -46.1% | — |
资本支出强度ASPNRWT
| Q4 25 | 6.0% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 27.4% | — |
现金转化率ASPNRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | 3.14× | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | 0.41× | -126.56× | ||
| Q1 24 | — | -31.53× |
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
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
RWT
暂无分部数据
