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AST SpaceMobile, Inc.（ASTS）与Gogo Inc.（GOGO）财务数据对比。点击上方公司名可切换其他公司
Gogo Inc.的季度营收约是AST SpaceMobile, Inc.的4.2倍（$230.6M vs $54.3M）。Gogo Inc.净利率更高（-4.3% vs -136.2%，领先131.9%）。AST SpaceMobile, Inc.同比增速更快（2758.2% vs 67.3%）。Gogo Inc.自由现金流更多（$-25.4M vs $-330.7M）。过去两年AST SpaceMobile, Inc.的营收复合增速更高（942.2% vs 48.7%）
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。
Gogo Inc.是美国公务机机载宽带互联网及连接服务提供商，总部位于科罗拉多州布鲁姆菲尔德。截至目前，已有超过2500架商用飞机和6600架公务机安装了该公司的机载Wi-Fi服务。该公司曾面向民航业提供机上WiFi服务，2020年12月已将这块民航业务以4亿美元出售给国际通信卫星组织。
ASTS vs GOGO — 直观对比
营收规模更大
GOGO
是对方的4.2倍
$54.3M
营收增速更快
ASTS
高出2690.8%
67.3%
净利率更高
GOGO
高出131.9%
-136.2%
自由现金流更多
GOGO
多$305.3M
$-330.7M
两年增速更快
ASTS
近两年复合增速
48.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $54.3M | $230.6M |
| 净利润 | $-74.0M | $-10.0M |
| 毛利率 | — | — |
| 营业利润率 | -175.0% | 6.2% |
| 净利率 | -136.2% | -4.3% |
| 营收同比 | 2758.2% | 67.3% |
| 净利润同比 | -106.3% | 64.6% |
| 每股收益（稀释后） | — | $-0.08 |
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ASTSGOGO
| Q4 25 | $54.3M | $230.6M | ||
| Q3 25 | $14.7M | $223.6M | ||
| Q2 25 | $1.2M | $226.0M | ||
| Q1 25 | $718.0K | $230.3M | ||
| Q4 24 | $1.9M | $137.8M | ||
| Q3 24 | $1.1M | $100.5M | ||
| Q2 24 | $900.0K | $102.1M | ||
| Q1 24 | $500.0K | $104.3M |
净利润ASTSGOGO
| Q4 25 | $-74.0M | $-10.0M | ||
| Q3 25 | $-122.9M | $-1.9M | ||
| Q2 25 | $-99.4M | $12.8M | ||
| Q1 25 | $-45.7M | $12.0M | ||
| Q4 24 | $-35.9M | $-28.2M | ||
| Q3 24 | $-171.9M | $10.6M | ||
| Q2 24 | $-72.5M | $839.0K | ||
| Q1 24 | $-19.7M | $30.5M |
毛利率ASTSGOGO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率ASTSGOGO
| Q4 25 | -175.0% | 6.2% | ||
| Q3 25 | -1109.0% | 12.9% | ||
| Q2 25 | -11692.1% | 15.9% | ||
| Q1 25 | -8838.4% | 15.3% | ||
| Q4 24 | -2733.6% | -17.5% | ||
| Q3 24 | -27494.0% | 19.0% | ||
| Q2 24 | -14568.8% | 21.2% | ||
| Q1 24 | -7902.0% | 33.2% |
净利率ASTSGOGO
| Q4 25 | -136.2% | -4.3% | ||
| Q3 25 | -833.7% | -0.9% | ||
| Q2 25 | -8598.1% | 5.7% | ||
| Q1 25 | -6365.7% | 5.2% | ||
| Q4 24 | -1887.2% | -20.5% | ||
| Q3 24 | -15631.5% | 10.6% | ||
| Q2 24 | -8061.1% | 0.8% | ||
| Q1 24 | -3946.0% | 29.2% |
每股收益（稀释后）ASTSGOGO
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-0.22 | ||
| Q3 24 | — | $0.08 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $0.23 |
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 | $4.3B | $125.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $101.1M |
| 总资产 | $5.0B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASTSGOGO
| Q4 25 | $4.3B | $125.2M | ||
| Q3 25 | $2.4B | $133.6M | ||
| Q2 25 | $1.7B | $102.1M | ||
| Q1 25 | $1.7B | $70.3M | ||
| Q4 24 | $1.1B | $41.8M | ||
| Q3 24 | $946.7M | $176.7M | ||
| Q2 24 | $544.5M | $161.6M | ||
| Q1 24 | $408.9M | $152.8M |
股东权益ASTSGOGO
| Q4 25 | $2.4B | $101.1M | ||
| Q3 25 | $1.6B | $107.0M | ||
| Q2 25 | $1.2B | $102.8M | ||
| Q1 25 | $766.7M | $82.9M | ||
| Q4 24 | $669.1M | $69.3M | ||
| Q3 24 | $502.8M | $52.7M | ||
| Q2 24 | $241.9M | $52.0M | ||
| Q1 24 | $285.8M | $62.4M |
总资产ASTSGOGO
| Q4 25 | $5.0B | $1.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $954.6M | $1.2B | ||
| Q3 24 | $821.6M | $810.7M | ||
| Q2 24 | $579.6M | $802.7M | ||
| Q1 24 | $501.7M | $809.0M |
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 | $65.0M | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $-330.7M | $-25.4M |
| 自由现金流率自由现金流/营收 | -609.0% | -11.0% |
| 资本支出强度资本支出/营收 | 728.7% | 14.7% |
| 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 | $-1.1B | $65.1M |
8季度趋势，按日历期对齐
经营现金流ASTSGOGO
| Q4 25 | $65.0M | $8.5M | ||
| Q3 25 | $-64.5M | $46.8M | ||
| Q2 25 | $-43.5M | $36.7M | ||
| Q1 25 | $-28.5M | $32.5M | ||
| Q4 24 | $-28.4M | $-38.3M | ||
| Q3 24 | $-33.4M | $25.1M | ||
| Q2 24 | $-16.2M | $24.9M | ||
| Q1 24 | $-48.1M | $29.7M |
自由现金流ASTSGOGO
| Q4 25 | $-330.7M | $-25.4M | ||
| Q3 25 | $-302.9M | $27.3M | ||
| Q2 25 | $-353.6M | $33.5M | ||
| Q1 25 | $-149.0M | $29.7M | ||
| Q4 24 | $-110.5M | $-42.6M | ||
| Q3 24 | $-63.8M | $20.7M | ||
| Q2 24 | $-38.4M | $21.6M | ||
| Q1 24 | $-87.7M | $28.2M |
自由现金流率ASTSGOGO
| Q4 25 | -609.0% | -11.0% | ||
| Q3 25 | -2055.0% | 12.2% | ||
| Q2 25 | -30592.0% | 14.8% | ||
| Q1 25 | -20752.4% | 12.9% | ||
| Q4 24 | -5814.3% | -30.9% | ||
| Q3 24 | -5795.8% | 20.6% | ||
| Q2 24 | -4261.6% | 21.1% | ||
| Q1 24 | -17538.0% | 27.0% |
资本支出强度ASTSGOGO
| Q4 25 | 728.7% | 14.7% | ||
| Q3 25 | 1617.6% | 8.7% | ||
| Q2 25 | 26831.0% | 1.4% | ||
| Q1 25 | 16776.6% | 1.2% | ||
| Q4 24 | 4317.5% | 3.1% | ||
| Q3 24 | 2756.8% | 4.4% | ||
| Q2 24 | 2466.9% | 3.3% | ||
| Q1 24 | 7913.6% | 1.4% |
现金转化率ASTSGOGO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 29.74× | ||
| Q1 24 | — | 0.97× |
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
| Products | $44.4M | 82% |
| Other | $7.8M | 14% |
| Sat Co | $2.1M | 4% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
