vs
AST SpaceMobile, Inc.（ASTS）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是AST SpaceMobile, Inc.的4.0倍（$219.1M vs $54.3M）。铱星通信净利率更高（9.9% vs -136.2%，领先146.1%）。AST SpaceMobile, Inc.同比增速更快（2758.2% vs 1.9%）。过去两年AST SpaceMobile, Inc.的营收复合增速更高（942.2% vs 4.4%）
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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
ASTS vs IRDM — 直观对比
营收规模更大
IRDM
是对方的4.0倍
$54.3M
营收增速更快
ASTS
高出2756.2%
1.9%
净利率更高
IRDM
高出146.1%
-136.2%
两年增速更快
ASTS
近两年复合增速
4.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $54.3M | $219.1M |
| 净利润 | $-74.0M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | -175.0% | 23.2% |
| 净利率 | -136.2% | 9.9% |
| 营收同比 | 2758.2% | 1.9% |
| 净利润同比 | -106.3% | -29.0% |
| 每股收益（稀释后） | — | — |
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ASTSIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $54.3M | $212.9M | ||
| Q3 25 | $14.7M | $226.9M | ||
| Q2 25 | $1.2M | $216.9M | ||
| Q1 25 | $718.0K | $214.9M | ||
| Q4 24 | $1.9M | $213.0M | ||
| Q3 24 | $1.1M | $212.8M | ||
| Q2 24 | $900.0K | $201.1M |
净利润ASTSIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-74.0M | $24.9M | ||
| Q3 25 | $-122.9M | $37.1M | ||
| Q2 25 | $-99.4M | $22.0M | ||
| Q1 25 | $-45.7M | $30.4M | ||
| Q4 24 | $-35.9M | $36.3M | ||
| Q3 24 | $-171.9M | $24.4M | ||
| Q2 24 | $-72.5M | $32.3M |
营业利润率ASTSIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -175.0% | 25.9% | ||
| Q3 25 | -1109.0% | 30.9% | ||
| Q2 25 | -11692.1% | 23.2% | ||
| Q1 25 | -8838.4% | 28.1% | ||
| Q4 24 | -2733.6% | 24.5% | ||
| Q3 24 | -27494.0% | 25.8% | ||
| Q2 24 | -14568.8% | 21.7% |
净利率ASTSIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | -136.2% | 11.7% | ||
| Q3 25 | -833.7% | 16.4% | ||
| Q2 25 | -8598.1% | 10.1% | ||
| Q1 25 | -6365.7% | 14.2% | ||
| Q4 24 | -1887.2% | 17.1% | ||
| Q3 24 | -15631.5% | 11.5% | ||
| Q2 24 | -8061.1% | 16.1% |
每股收益（稀释后）ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.20 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | — |
| 总资产 | $5.0B | — |
| 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ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $96.5M | ||
| Q3 25 | $2.4B | $88.5M | ||
| Q2 25 | $1.7B | $79.3M | ||
| Q1 25 | $1.7B | $50.9M | ||
| Q4 24 | $1.1B | $93.5M | ||
| Q3 24 | $946.7M | $159.6M | ||
| Q2 24 | $544.5M | $63.5M |
总债务ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $462.6M | ||
| Q3 25 | $1.6B | $450.5M | ||
| Q2 25 | $1.2B | $473.6M | ||
| Q1 25 | $766.7M | $518.4M | ||
| Q4 24 | $669.1M | $576.6M | ||
| Q3 24 | $502.8M | $663.8M | ||
| Q2 24 | $241.9M | $786.7M |
总资产ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $2.5B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $954.6M | $2.7B | ||
| Q3 24 | $821.6M | $2.8B | ||
| Q2 24 | $579.6M | $2.7B |
负债/权益比ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-330.7M | — |
| 自由现金流率自由现金流/营收 | -609.0% | — |
| 资本支出强度资本支出/营收 | 728.7% | 13.7% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | $65.0M | $108.6M | ||
| Q3 25 | $-64.5M | $100.8M | ||
| Q2 25 | $-43.5M | $129.6M | ||
| Q1 25 | $-28.5M | $61.1M | ||
| Q4 24 | $-28.4M | $104.8M | ||
| Q3 24 | $-33.4M | $118.6M | ||
| Q2 24 | $-16.2M | $81.1M |
自由现金流ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-330.7M | $75.1M | ||
| Q3 25 | $-302.9M | $79.2M | ||
| Q2 25 | $-353.6M | $108.9M | ||
| Q1 25 | $-149.0M | $36.5M | ||
| Q4 24 | $-110.5M | $80.5M | ||
| Q3 24 | $-63.8M | $100.0M | ||
| Q2 24 | $-38.4M | $68.7M |
自由现金流率ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | -609.0% | 35.3% | ||
| Q3 25 | -2055.0% | 34.9% | ||
| Q2 25 | -30592.0% | 50.2% | ||
| Q1 25 | -20752.4% | 17.0% | ||
| Q4 24 | -5814.3% | 37.8% | ||
| Q3 24 | -5795.8% | 47.0% | ||
| Q2 24 | -4261.6% | 34.2% |
资本支出强度ASTSIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 728.7% | 15.7% | ||
| Q3 25 | 1617.6% | 9.5% | ||
| Q2 25 | 26831.0% | 9.5% | ||
| Q1 25 | 16776.6% | 11.4% | ||
| Q4 24 | 4317.5% | 11.4% | ||
| Q3 24 | 2756.8% | 8.7% | ||
| Q2 24 | 2466.9% | 6.2% |
现金转化率ASTSIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
