vs
AST SpaceMobile, Inc.（ASTS）与Spire Global, Inc.（SPIR）财务数据对比。点击上方公司名可切换其他公司
AST SpaceMobile, Inc.的季度营收约是Spire Global, Inc.的3.4倍（$54.3M vs $15.8M）。AST SpaceMobile, Inc.净利率更高（-136.2% vs -176.6%，领先40.4%）。AST SpaceMobile, Inc.同比增速更快（2758.2% vs -26.9%）。Spire Global, Inc.自由现金流更多（$-16.2M vs $-330.7M）。过去两年AST SpaceMobile, Inc.的营收复合增速更高（942.2% vs -32.6%）
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。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
ASTS vs SPIR — 直观对比
营收规模更大
ASTS
是对方的3.4倍
$15.8M
营收增速更快
ASTS
高出2785.1%
-26.9%
净利率更高
ASTS
高出40.4%
-176.6%
自由现金流更多
SPIR
多$314.6M
$-330.7M
两年增速更快
ASTS
近两年复合增速
-32.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $54.3M | $15.8M |
| 净利润 | $-74.0M | $-28.0M |
| 毛利率 | — | 40.2% |
| 营业利润率 | -175.0% | -164.1% |
| 净利率 | -136.2% | -176.6% |
| 营收同比 | 2758.2% | -26.9% |
| 净利润同比 | -106.3% | 42.7% |
| 每股收益（稀释后） | — | $-0.85 |
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ASTSSPIR
| Q4 25 | $54.3M | $15.8M | ||
| Q3 25 | $14.7M | $12.7M | ||
| Q2 25 | $1.2M | $19.2M | ||
| Q1 25 | $718.0K | $23.9M | ||
| Q4 24 | $1.9M | $21.7M | ||
| Q3 24 | $1.1M | $28.6M | ||
| Q2 24 | $900.0K | $25.4M | ||
| Q1 24 | $500.0K | $34.8M |
净利润ASTSSPIR
| Q4 25 | $-74.0M | $-28.0M | ||
| Q3 25 | $-122.9M | $-19.7M | ||
| Q2 25 | $-99.4M | $119.6M | ||
| Q1 25 | $-45.7M | $-20.7M | ||
| Q4 24 | $-35.9M | $-48.8M | ||
| Q3 24 | $-171.9M | $-12.5M | ||
| Q2 24 | $-72.5M | $-16.6M | ||
| Q1 24 | $-19.7M | $-25.5M |
毛利率ASTSSPIR
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
营业利润率ASTSSPIR
| Q4 25 | -175.0% | -164.1% | ||
| Q3 25 | -1109.0% | -166.1% | ||
| Q2 25 | -11692.1% | -122.7% | ||
| Q1 25 | -8838.4% | -106.5% | ||
| Q4 24 | -2733.6% | -144.1% | ||
| Q3 24 | -27494.0% | -48.0% | ||
| Q2 24 | -14568.8% | -48.6% | ||
| Q1 24 | -7902.0% | -34.4% |
净利率ASTSSPIR
| Q4 25 | -136.2% | -176.6% | ||
| Q3 25 | -833.7% | -155.3% | ||
| Q2 25 | -8598.1% | 623.4% | ||
| Q1 25 | -6365.7% | -86.5% | ||
| Q4 24 | -1887.2% | -225.2% | ||
| Q3 24 | -15631.5% | -43.7% | ||
| Q2 24 | -8061.1% | -65.2% | ||
| Q1 24 | -3946.0% | -73.3% |
每股收益（稀释后）ASTSSPIR
| Q4 25 | — | $-0.85 | ||
| Q3 25 | — | $-0.61 | ||
| Q2 25 | — | $3.72 | ||
| Q1 25 | — | $-0.77 | ||
| Q4 24 | — | $-1.93 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.68 | ||
| Q1 24 | — | $-1.17 |
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 | $81.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $112.9M |
| 总资产 | $5.0B | $211.0M |
| 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ASTSSPIR
| Q4 25 | $4.3B | $81.8M | ||
| Q3 25 | $2.4B | $96.8M | ||
| Q2 25 | $1.7B | $117.6M | ||
| Q1 25 | $1.7B | $35.9M | ||
| Q4 24 | $1.1B | $19.2M | ||
| Q3 24 | $946.7M | $36.6M | ||
| Q2 24 | $544.5M | $45.8M | ||
| Q1 24 | $408.9M | $63.7M |
总债务ASTSSPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
股东权益ASTSSPIR
| Q4 25 | $2.4B | $112.9M | ||
| Q3 25 | $1.6B | $133.1M | ||
| Q2 25 | $1.2B | $149.2M | ||
| Q1 25 | $766.7M | $3.7M | ||
| Q4 24 | $669.1M | $-11.7M | ||
| Q3 24 | $502.8M | $30.8M | ||
| Q2 24 | $241.9M | $40.3M | ||
| Q1 24 | $285.8M | $52.5M |
总资产ASTSSPIR
| Q4 25 | $5.0B | $211.0M | ||
| Q3 25 | $2.6B | $224.3M | ||
| Q2 25 | $1.9B | $239.5M | ||
| Q1 25 | $1.4B | $208.8M | ||
| Q4 24 | $954.6M | $193.6M | ||
| Q3 24 | $821.6M | $224.2M | ||
| Q2 24 | $579.6M | $230.8M | ||
| Q1 24 | $501.7M | $252.3M |
负债/权益比ASTSSPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | $-330.7M | $-16.2M |
| 自由现金流率自由现金流/营收 | -609.0% | -102.1% |
| 资本支出强度资本支出/营收 | 728.7% | 75.1% |
| 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 | $-1.1B | $-92.6M |
8季度趋势，按日历期对齐
经营现金流ASTSSPIR
| Q4 25 | $65.0M | $-4.3M | ||
| Q3 25 | $-64.5M | $-12.0M | ||
| Q2 25 | $-43.5M | $-35.1M | ||
| Q1 25 | $-28.5M | $-8.4M | ||
| Q4 24 | $-28.4M | $-19.2M | ||
| Q3 24 | $-33.4M | $14.0M | ||
| Q2 24 | $-16.2M | $-4.4M | ||
| Q1 24 | $-48.1M | $-8.8M |
自由现金流ASTSSPIR
| Q4 25 | $-330.7M | $-16.2M | ||
| Q3 25 | $-302.9M | $-20.4M | ||
| Q2 25 | $-353.6M | $-38.7M | ||
| Q1 25 | $-149.0M | $-17.3M | ||
| Q4 24 | $-110.5M | $-24.3M | ||
| Q3 24 | $-63.8M | $5.1M | ||
| Q2 24 | $-38.4M | $-9.9M | ||
| Q1 24 | $-87.7M | $-15.9M |
自由现金流率ASTSSPIR
| Q4 25 | -609.0% | -102.1% | ||
| Q3 25 | -2055.0% | -161.3% | ||
| Q2 25 | -30592.0% | -201.7% | ||
| Q1 25 | -20752.4% | -72.6% | ||
| Q4 24 | -5814.3% | -112.2% | ||
| Q3 24 | -5795.8% | 17.8% | ||
| Q2 24 | -4261.6% | -39.0% | ||
| Q1 24 | -17538.0% | -45.7% |
资本支出强度ASTSSPIR
| Q4 25 | 728.7% | 75.1% | ||
| Q3 25 | 1617.6% | 66.2% | ||
| Q2 25 | 26831.0% | 18.8% | ||
| Q1 25 | 16776.6% | 37.3% | ||
| Q4 24 | 4317.5% | 23.5% | ||
| Q3 24 | 2756.8% | 31.2% | ||
| Q2 24 | 2466.9% | 21.8% | ||
| Q1 24 | 7913.6% | 20.3% |
现金转化率ASTSSPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SPIR
暂无分部数据
