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A10 Networks, Inc.（ATEN）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
A10 Networks, Inc.的季度营收约是TELOS CORP的1.6倍（$75.0M vs $46.8M），A10 Networks, Inc.净利率更高（16.0% vs -34.9%，领先50.9%），TELOS CORP同比增速更快（77.4% vs 13.4%），过去两年TELOS CORP的营收复合增速更高（25.7% vs 11.7%）
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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
ATEN vs TLS — 直观对比
营收规模更大
ATEN
是对方的1.6倍
$46.8M
营收增速更快
TLS
高出64.0%
13.4%
净利率更高
ATEN
高出50.9%
-34.9%
两年增速更快
TLS
近两年复合增速
11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.0M | $46.8M |
| 净利润 | $12.0M | $-16.3M |
| 毛利率 | 79.6% | 35.0% |
| 营业利润率 | 17.3% | -39.6% |
| 净利率 | 16.0% | -34.9% |
| 营收同比 | 13.4% | 77.4% |
| 净利润同比 | — | -74.8% |
| 每股收益（稀释后） | $0.17 | $-0.22 |
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ATENTLS
| Q1 26 | $75.0M | — | ||
| Q4 25 | $80.4M | $46.8M | ||
| Q3 25 | $74.7M | $51.4M | ||
| Q2 25 | $69.4M | $36.0M | ||
| Q1 25 | $66.1M | $30.6M | ||
| Q4 24 | $74.2M | $26.4M | ||
| Q3 24 | $66.7M | $23.8M | ||
| Q2 24 | $60.1M | $28.5M |
净利润ATENTLS
| Q1 26 | $12.0M | — | ||
| Q4 25 | $9.9M | $-16.3M | ||
| Q3 25 | $12.2M | $-2.1M | ||
| Q2 25 | $10.5M | $-9.5M | ||
| Q1 25 | $9.5M | $-8.6M | ||
| Q4 24 | $18.3M | $-9.3M | ||
| Q3 24 | $12.6M | $-28.1M | ||
| Q2 24 | $9.5M | $-7.8M |
毛利率ATENTLS
| Q1 26 | 79.6% | — | ||
| Q4 25 | 78.7% | 35.0% | ||
| Q3 25 | 80.1% | 39.9% | ||
| Q2 25 | 78.9% | 33.2% | ||
| Q1 25 | 79.7% | 39.8% | ||
| Q4 24 | 79.9% | 40.3% | ||
| Q3 24 | 80.5% | 13.2% | ||
| Q2 24 | 80.0% | 34.1% |
营业利润率ATENTLS
| Q1 26 | 17.3% | — | ||
| Q4 25 | 18.7% | -39.6% | ||
| Q3 25 | 17.4% | -4.8% | ||
| Q2 25 | 14.9% | -27.5% | ||
| Q1 25 | 13.3% | -29.5% | ||
| Q4 24 | 24.8% | -37.6% | ||
| Q3 24 | 15.7% | -121.4% | ||
| Q2 24 | 13.2% | -30.3% |
净利率ATENTLS
| Q1 26 | 16.0% | — | ||
| Q4 25 | 12.3% | -34.9% | ||
| Q3 25 | 16.3% | -4.1% | ||
| Q2 25 | 15.2% | -26.5% | ||
| Q1 25 | 14.4% | -28.1% | ||
| Q4 24 | 24.7% | -35.4% | ||
| Q3 24 | 18.9% | -118.0% | ||
| Q2 24 | 15.8% | -27.2% |
每股收益（稀释后）ATENTLS
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.13 | $-0.22 | ||
| Q3 25 | $0.17 | $-0.03 | ||
| Q2 25 | $0.14 | $-0.13 | ||
| Q1 25 | $0.13 | $-0.12 | ||
| Q4 24 | $0.24 | $-0.13 | ||
| Q3 24 | $0.17 | $-0.39 | ||
| Q2 24 | $0.13 | $-0.11 |
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 | $57.9M | $53.2M |
| 总债务越低越好 | $219.2M | — |
| 股东权益账面价值 | $220.8M | $96.0M |
| 总资产 | $634.4M | $139.9M |
| 负债/权益比越低杠杆越低 | 0.99× | — |
8季度趋势，按日历期对齐
现金及短期投资ATENTLS
| Q1 26 | $57.9M | — | ||
| Q4 25 | $684.6M | $53.2M | ||
| Q3 25 | $370.9M | $59.0M | ||
| Q2 25 | $367.4M | $57.0M | ||
| Q1 25 | $355.8M | $57.8M | ||
| Q4 24 | $195.6M | $54.6M | ||
| Q3 24 | $182.1M | $69.8M | ||
| Q2 24 | $177.1M | $80.1M |
总债务ATENTLS
| Q1 26 | $219.2M | — | ||
| Q4 25 | $218.8M | — | ||
| Q3 25 | $218.4M | — | ||
| Q2 25 | $218.1M | — | ||
| Q1 25 | $217.7M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ATENTLS
| Q1 26 | $220.8M | — | ||
| Q4 25 | $211.5M | $96.0M | ||
| Q3 25 | $206.2M | $119.7M | ||
| Q2 25 | $204.0M | $118.4M | ||
| Q1 25 | $195.9M | $126.1M | ||
| Q4 24 | $231.8M | $127.1M | ||
| Q3 24 | $217.3M | $129.5M | ||
| Q2 24 | $214.4M | $149.1M |
总资产ATENTLS
| Q1 26 | $634.4M | — | ||
| Q4 25 | $629.8M | $139.9M | ||
| Q3 25 | $620.1M | $164.3M | ||
| Q2 25 | $607.9M | $165.0M | ||
| Q1 25 | $606.2M | $158.1M | ||
| Q4 24 | $432.8M | $158.2M | ||
| Q3 24 | $407.7M | $166.3M | ||
| Q2 24 | $397.2M | $182.4M |
负债/权益比ATENTLS
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $2.2M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | 3.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流ATENTLS
| Q1 26 | $2.2M | — | ||
| Q4 25 | $22.7M | $8.0M | ||
| Q3 25 | $22.8M | $9.1M | ||
| Q2 25 | $22.2M | $7.0M | ||
| Q1 25 | $17.2M | $6.1M | ||
| Q4 24 | $25.7M | $-10.5M | ||
| Q3 24 | $20.1M | $-7.1M | ||
| Q2 24 | $12.2M | $-8.0M |
自由现金流ATENTLS
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | $8.0M | ||
| Q3 25 | $18.1M | $8.7M | ||
| Q2 25 | $17.9M | $6.8M | ||
| Q1 25 | $12.7M | $6.0M | ||
| Q4 24 | $23.3M | $-12.4M | ||
| Q3 24 | $16.7M | $-7.1M | ||
| Q2 24 | $8.7M | $-8.2M |
自由现金流率ATENTLS
| Q1 26 | — | — | ||
| Q4 25 | 20.0% | 17.0% | ||
| Q3 25 | 24.2% | 16.9% | ||
| Q2 25 | 25.9% | 19.0% | ||
| Q1 25 | 19.2% | 19.5% | ||
| Q4 24 | 31.4% | -47.0% | ||
| Q3 24 | 25.0% | -30.0% | ||
| Q2 24 | 14.5% | -28.9% |
资本支出强度ATENTLS
| Q1 26 | 3.9% | — | ||
| Q4 25 | 8.3% | 0.1% | ||
| Q3 25 | 6.3% | 0.9% | ||
| Q2 25 | 6.1% | 0.4% | ||
| Q1 25 | 6.8% | 0.4% | ||
| Q4 24 | 3.2% | 7.1% | ||
| Q3 24 | 5.2% | 0.2% | ||
| Q2 24 | 5.8% | 0.8% |
现金转化率ATENTLS
| Q1 26 | 0.19× | — | ||
| Q4 25 | 2.30× | — | ||
| Q3 25 | 1.87× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 1.29× | — |
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 | $44.0M | 59% |
| Services | $31.0M | 41% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
