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A10 Networks, Inc.（ATEN）与EXTREME NETWORKS INC（EXTR）财务数据对比。点击上方公司名可切换其他公司
EXTREME NETWORKS INC的季度营收约是A10 Networks, Inc.的4.0倍（$317.9M vs $80.4M）。A10 Networks, Inc.净利率更高（12.3% vs 2.5%，领先9.8%）。EXTREME NETWORKS INC同比增速更快（13.8% vs 8.3%）。EXTREME NETWORKS INC自由现金流更多（$43.0M vs $16.0M）。过去两年EXTREME NETWORKS INC的营收复合增速更高（22.7% vs 15.1%）
A10 Networks是一家美国公开上市科技企业，2004年由前Foundry Networks联合创始人陈岚创立，核心业务为研发制造应用交付控制器。企业最初依托ID系列产品专注身份管理领域，2007年初新增带宽管理设备业务，2014年完成首次公开募股，募资1.875亿美元。
Extreme Networks是一家总部位于美国北卡罗来纳州莫里斯维尔的网络技术企业，专注于设计、研发和生产有线及无线网络基础设施设备，同时开发用于网络管理、策略管控、数据分析、安全防护及访问控制的相关软件，为各行业客户提供高效的网络解决方案。
ATEN vs EXTR — 直观对比
营收规模更大
EXTR
是对方的4.0倍
$80.4M
营收增速更快
EXTR
高出5.5%
8.3%
净利率更高
ATEN
高出9.8%
2.5%
自由现金流更多
EXTR
多$27.0M
$16.0M
两年增速更快
EXTR
近两年复合增速
15.1%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $80.4M | $317.9M |
| 净利润 | $9.9M | $7.9M |
| 毛利率 | 78.7% | 61.4% |
| 营业利润率 | 18.7% | 4.1% |
| 净利率 | 12.3% | 2.5% |
| 营收同比 | 8.3% | 13.8% |
| 净利润同比 | -46.1% | 6.7% |
| 每股收益（稀释后） | $0.13 | $0.06 |
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ATENEXTR
| Q4 25 | $80.4M | $317.9M | ||
| Q3 25 | $74.7M | $310.2M | ||
| Q2 25 | $69.4M | $307.0M | ||
| Q1 25 | $66.1M | $284.5M | ||
| Q4 24 | $74.2M | $279.4M | ||
| Q3 24 | $66.7M | $269.2M | ||
| Q2 24 | $60.1M | $256.7M | ||
| Q1 24 | $60.7M | $211.0M |
净利润ATENEXTR
| Q4 25 | $9.9M | $7.9M | ||
| Q3 25 | $12.2M | $5.6M | ||
| Q2 25 | $10.5M | $-7.8M | ||
| Q1 25 | $9.5M | $3.5M | ||
| Q4 24 | $18.3M | $7.4M | ||
| Q3 24 | $12.6M | $-10.5M | ||
| Q2 24 | $9.5M | $-54.2M | ||
| Q1 24 | $9.7M | $-64.4M |
毛利率ATENEXTR
| Q4 25 | 78.7% | 61.4% | ||
| Q3 25 | 80.1% | 60.6% | ||
| Q2 25 | 78.9% | 61.6% | ||
| Q1 25 | 79.7% | 61.7% | ||
| Q4 24 | 79.9% | 62.7% | ||
| Q3 24 | 80.5% | 63.0% | ||
| Q2 24 | 80.0% | 44.7% | ||
| Q1 24 | 81.1% | 56.8% |
营业利润率ATENEXTR
| Q4 25 | 18.7% | 4.1% | ||
| Q3 25 | 17.4% | 3.6% | ||
| Q2 25 | 14.9% | -0.4% | ||
| Q1 25 | 13.3% | 3.6% | ||
| Q4 24 | 24.8% | 4.5% | ||
| Q3 24 | 15.7% | -1.8% | ||
| Q2 24 | 13.2% | -19.1% | ||
| Q1 24 | 11.9% | -29.6% |
净利率ATENEXTR
| Q4 25 | 12.3% | 2.5% | ||
| Q3 25 | 16.3% | 1.8% | ||
| Q2 25 | 15.2% | -2.5% | ||
| Q1 25 | 14.4% | 1.2% | ||
| Q4 24 | 24.7% | 2.6% | ||
| Q3 24 | 18.9% | -3.9% | ||
| Q2 24 | 15.8% | -21.1% | ||
| Q1 24 | 16.0% | -30.5% |
每股收益（稀释后）ATENEXTR
| Q4 25 | $0.13 | $0.06 | ||
| Q3 25 | $0.17 | $0.04 | ||
| Q2 25 | $0.14 | $-0.07 | ||
| Q1 25 | $0.13 | $0.03 | ||
| Q4 24 | $0.24 | $0.06 | ||
| Q3 24 | $0.17 | $-0.08 | ||
| Q2 24 | $0.13 | $-0.40 | ||
| Q1 24 | $0.13 | $-0.50 |
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 | $684.6M | $219.8M |
| 总债务越低越好 | $218.8M | — |
| 股东权益账面价值 | $211.5M | $95.9M |
| 总资产 | $629.8M | $1.2B |
| 负债/权益比越低杠杆越低 | 1.03× | — |
8季度趋势，按日历期对齐
现金及短期投资ATENEXTR
| Q4 25 | $684.6M | $219.8M | ||
| Q3 25 | $370.9M | $209.0M | ||
| Q2 25 | $367.4M | $231.7M | ||
| Q1 25 | $355.8M | $185.5M | ||
| Q4 24 | $195.6M | $170.3M | ||
| Q3 24 | $182.1M | $159.5M | ||
| Q2 24 | $177.1M | $156.7M | ||
| Q1 24 | $182.1M | $151.0M |
总债务ATENEXTR
| Q4 25 | $218.8M | — | ||
| Q3 25 | $218.4M | — | ||
| Q2 25 | $218.1M | $180.0M | ||
| Q1 25 | $217.7M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $190.0M | ||
| Q1 24 | — | — |
股东权益ATENEXTR
| Q4 25 | $211.5M | $95.9M | ||
| Q3 25 | $206.2M | $68.6M | ||
| Q2 25 | $204.0M | $65.6M | ||
| Q1 25 | $195.9M | $71.7M | ||
| Q4 24 | $231.8M | $51.2M | ||
| Q3 24 | $217.3M | $32.7M | ||
| Q2 24 | $214.4M | $25.3M | ||
| Q1 24 | $214.3M | $65.0M |
总资产ATENEXTR
| Q4 25 | $629.8M | $1.2B | ||
| Q3 25 | $620.1M | $1.2B | ||
| Q2 25 | $607.9M | $1.2B | ||
| Q1 25 | $606.2M | $1.1B | ||
| Q4 24 | $432.8M | $1.1B | ||
| Q3 24 | $407.7M | $1.1B | ||
| Q2 24 | $397.2M | $1.0B | ||
| Q1 24 | $395.7M | $1.1B |
负债/权益比ATENEXTR
| Q4 25 | 1.03× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.07× | 2.74× | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.52× | ||
| Q1 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 | $22.7M | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 20.0% | 13.5% |
| 资本支出强度资本支出/营收 | 8.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.30× | 6.37× |
| 过去12个月自由现金流最近4个季度 | $64.8M | $121.7M |
8季度趋势，按日历期对齐
经营现金流ATENEXTR
| Q4 25 | $22.7M | $50.1M | ||
| Q3 25 | $22.8M | $-14.0M | ||
| Q2 25 | $22.2M | $81.9M | ||
| Q1 25 | $17.2M | $30.0M | ||
| Q4 24 | $25.7M | $21.5M | ||
| Q3 24 | $20.1M | $18.6M | ||
| Q2 24 | $12.2M | $15.5M | ||
| Q1 24 | $32.4M | $-69.9M |
自由现金流ATENEXTR
| Q4 25 | $16.0M | $43.0M | ||
| Q3 25 | $18.1M | $-20.9M | ||
| Q2 25 | $17.9M | $75.3M | ||
| Q1 25 | $12.7M | $24.2M | ||
| Q4 24 | $23.3M | $16.1M | ||
| Q3 24 | $16.7M | $11.7M | ||
| Q2 24 | $8.7M | $11.0M | ||
| Q1 24 | $29.5M | $-73.5M |
自由现金流率ATENEXTR
| Q4 25 | 20.0% | 13.5% | ||
| Q3 25 | 24.2% | -6.7% | ||
| Q2 25 | 25.9% | 24.5% | ||
| Q1 25 | 19.2% | 8.5% | ||
| Q4 24 | 31.4% | 5.8% | ||
| Q3 24 | 25.0% | 4.3% | ||
| Q2 24 | 14.5% | 4.3% | ||
| Q1 24 | 48.7% | -34.8% |
资本支出强度ATENEXTR
| Q4 25 | 8.3% | 2.2% | ||
| Q3 25 | 6.3% | 2.2% | ||
| Q2 25 | 6.1% | 2.2% | ||
| Q1 25 | 6.8% | 2.0% | ||
| Q4 24 | 3.2% | 1.9% | ||
| Q3 24 | 5.2% | 2.6% | ||
| Q2 24 | 5.8% | 1.7% | ||
| Q1 24 | 4.8% | 1.7% |
现金转化率ATENEXTR
| Q4 25 | 2.30× | 6.37× | ||
| Q3 25 | 1.87× | -2.49× | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 1.80× | 8.67× | ||
| Q4 24 | 1.40× | 2.92× | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 1.29× | — | ||
| Q1 24 | 3.34× | — |
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
ATEN
| Products | $48.8M | 61% |
| Services | $31.5M | 39% |
EXTR
| Products | $197.8M | 62% |
| Subscription And Support | $120.2M | 38% |
