vs
AST SpaceMobile, Inc.（ASTS）与DLH Holdings Corp.（DLHC）财务数据对比。点击上方公司名可切换其他公司
DLH Holdings Corp.的季度营收约是AST SpaceMobile, Inc.的1.3倍（$68.9M vs $54.3M），过去两年AST SpaceMobile, Inc.的营收复合增速更高（173.4% vs -17.4%）
AST SpaceMobile是总部位于美国得克萨斯州米德兰的上市卫星设计与制造企业，目前正搭建SpaceMobile卫星星座，打造可直接对接未改装普通智能手机的天基蜂窝宽带网络，面向全球偏远及通信服务薄弱地区提供4G、5G宽带覆盖服务。
DLH Holdings Corp.是一家总部位于美国的政府服务供应商，主要为退伍军人事务部、国防部、卫生与公众服务部等联邦机构提供技术赋能的医疗、物流、工程及任务支持服务，同时服务部分州及地方公共部门客户。
ASTS vs DLHC — 直观对比
营收规模更大
DLHC
是对方的1.3倍
$54.3M
两年增速更快
ASTS
近两年复合增速
-17.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $54.3M | $68.9M |
| 净利润 | — | $-1.3M |
| 毛利率 | — | — |
| 营业利润率 | -560.4% | 2.1% |
| 净利率 | — | -1.9% |
| 营收同比 | — | -24.1% |
| 净利润同比 | — | -218.7% |
| 每股收益（稀释后） | — | $-0.09 |
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ASTSDLHC
| Q1 26 | $54.3M | — | ||
| Q4 25 | $54.3M | $68.9M | ||
| Q3 25 | $14.7M | $81.2M | ||
| Q2 25 | — | $83.3M | ||
| Q1 25 | — | $89.2M | ||
| Q4 24 | — | $90.8M | ||
| Q3 24 | — | $96.4M | ||
| Q2 24 | — | $100.7M |
净利润ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | $-74.0M | $-1.3M | ||
| Q3 25 | $-122.9M | $-920.0K | ||
| Q2 25 | — | $289.0K | ||
| Q1 25 | — | $878.0K | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $2.3M | ||
| Q2 24 | — | $1.1M |
营业利润率ASTSDLHC
| Q1 26 | -560.4% | — | ||
| Q4 25 | -175.0% | 2.1% | ||
| Q3 25 | -1109.0% | 2.8% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 5.7% |
净利率ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | -136.2% | -1.9% | ||
| Q3 25 | -833.7% | -1.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.1% |
每股收益（稀释后）ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $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 | $2.3B | $257.0K |
| 总债务越低越好 | $12.0M | $133.5M |
| 股东权益账面价值 | $2.4B | $112.2M |
| 总资产 | $5.0B | $283.5M |
| 负债/权益比越低杠杆越低 | 0.01× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资ASTSDLHC
| Q1 26 | $2.3B | — | ||
| Q4 25 | $4.3B | $257.0K | ||
| Q3 25 | $2.4B | $125.0K | ||
| Q2 25 | — | $194.0K | ||
| Q1 25 | — | $196.0K | ||
| Q4 24 | — | $451.0K | ||
| Q3 24 | — | $342.0K | ||
| Q2 24 | — | $423.0K |
总债务ASTSDLHC
| Q1 26 | $12.0M | — | ||
| Q4 25 | — | $133.5M | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | — | $138.3M | ||
| Q1 25 | — | $147.3M | ||
| Q4 24 | — | $162.2M | ||
| Q3 24 | — | $149.4M | ||
| Q2 24 | — | $160.9M |
股东权益ASTSDLHC
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $112.2M | ||
| Q3 25 | $1.6B | $113.0M | ||
| Q2 25 | — | $113.7M | ||
| Q1 25 | — | $112.8M | ||
| Q4 24 | — | $111.4M | ||
| Q3 24 | — | $110.1M | ||
| Q2 24 | — | $108.6M |
总资产ASTSDLHC
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $283.5M | ||
| Q3 25 | $2.6B | $290.7M | ||
| Q2 25 | — | $299.3M | ||
| Q1 25 | — | $306.6M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $314.4M | ||
| Q2 24 | — | $325.0M |
负债/权益比ASTSDLHC
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.48× |
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 | — | $-4.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.8M |
| 自由现金流率自由现金流/营收 | — | -7.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $29.2M |
8季度趋势，按日历期对齐
经营现金流ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | $65.0M | $-4.8M | ||
| Q3 25 | $-64.5M | $10.7M | ||
| Q2 25 | — | $9.6M | ||
| Q1 25 | — | $14.5M | ||
| Q4 24 | — | $-11.5M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | $4.6M |
自由现金流ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | $-330.7M | $-4.8M | ||
| Q3 25 | $-302.9M | $10.7M | ||
| Q2 25 | — | $9.4M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $-12.1M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $4.5M |
自由现金流率ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | -609.0% | -7.0% | ||
| Q3 25 | -2055.0% | 13.1% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 4.4% |
资本支出强度ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | 728.7% | 0.1% | ||
| Q3 25 | 1617.6% | 0.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.2% |
现金转化率ASTSDLHC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 33.12× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | -10.35× | ||
| Q3 24 | — | 5.42× | ||
| Q2 24 | — | 4.06× |
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
ASTS
暂无分部数据
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
