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Aterian, Inc.（ATER）与汉美驰（HBB）财务数据对比。点击上方公司名可切换其他公司
汉美驰的季度营收约是Aterian, Inc.的14.1倍（$212.9M vs $15.1M）。汉美驰净利率更高（8.7% vs -52.5%，领先61.2%）。汉美驰同比增速更快（-0.3% vs -38.5%）。汉美驰自由现金流更多（$27.9M vs $-1.0M）。过去两年汉美驰的营收复合增速更高（28.8% vs -13.5%）
Aterian, Inc.是一家技术驱动的消费品企业，依托人工智能与数据分析挖掘市场需求，开发、采购并销售家居、个护、健康、户外、宠物用品等多品类高性价比商品，主要通过全球主流电商平台销往北美、欧洲等核心市场。
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
ATER vs HBB — 直观对比
营收规模更大
HBB
是对方的14.1倍
$15.1M
营收增速更快
HBB
高出38.2%
-38.5%
净利率更高
HBB
高出61.2%
-52.5%
自由现金流更多
HBB
多$29.0M
$-1.0M
两年增速更快
HBB
近两年复合增速
-13.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $15.1M | $212.9M |
| 净利润 | $-7.9M | $18.5M |
| 毛利率 | 56.1% | 28.3% |
| 营业利润率 | -51.1% | 11.9% |
| 净利率 | -52.5% | 8.7% |
| 营收同比 | -38.5% | -0.3% |
| 净利润同比 | -512.2% | -22.7% |
| 每股收益（稀释后） | — | $1.37 |
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ATERHBB
| Q4 25 | $15.1M | $212.9M | ||
| Q3 25 | $19.0M | $132.8M | ||
| Q2 25 | $19.5M | $127.8M | ||
| Q1 25 | $15.4M | $133.4M | ||
| Q4 24 | $24.6M | $213.5M | ||
| Q3 24 | $26.2M | $156.7M | ||
| Q2 24 | $28.0M | $156.2M | ||
| Q1 24 | $20.2M | $128.3M |
净利润ATERHBB
| Q4 25 | $-7.9M | $18.5M | ||
| Q3 25 | $-2.3M | $1.7M | ||
| Q2 25 | $-4.9M | $4.5M | ||
| Q1 25 | $-3.9M | $1.8M | ||
| Q4 24 | $-1.3M | $24.0M | ||
| Q3 24 | $-1.8M | $1.9M | ||
| Q2 24 | $-3.6M | $6.0M | ||
| Q1 24 | $-5.2M | $-1.2M |
毛利率ATERHBB
| Q4 25 | 56.1% | 28.3% | ||
| Q3 25 | 56.1% | 21.1% | ||
| Q2 25 | 54.3% | 27.5% | ||
| Q1 25 | 61.4% | 24.6% | ||
| Q4 24 | 63.4% | 26.1% | ||
| Q3 24 | 60.3% | 28.0% | ||
| Q2 24 | 60.4% | 25.9% | ||
| Q1 24 | 65.1% | 23.4% |
营业利润率ATERHBB
| Q4 25 | -51.1% | 11.9% | ||
| Q3 25 | -10.7% | 2.2% | ||
| Q2 25 | -23.1% | 4.7% | ||
| Q1 25 | -24.1% | 1.7% | ||
| Q4 24 | -6.5% | 11.0% | ||
| Q3 24 | -6.6% | 6.8% | ||
| Q2 24 | -11.5% | 6.4% | ||
| Q1 24 | -26.1% | -0.7% |
净利率ATERHBB
| Q4 25 | -52.5% | 8.7% | ||
| Q3 25 | -12.0% | 1.2% | ||
| Q2 25 | -25.0% | 3.5% | ||
| Q1 25 | -25.4% | 1.4% | ||
| Q4 24 | -5.3% | 11.2% | ||
| Q3 24 | -6.8% | 1.2% | ||
| Q2 24 | -13.0% | 3.8% | ||
| Q1 24 | -25.5% | -0.9% |
每股收益（稀释后）ATERHBB
| Q4 25 | — | $1.37 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $1.72 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $-0.08 |
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 | $4.9M | $47.3M |
| 总债务越低越好 | — | $50.0M |
| 股东权益账面价值 | $15.2M | $182.8M |
| 总资产 | $29.6M | $397.6M |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ATERHBB
| Q4 25 | $4.9M | $47.3M | ||
| Q3 25 | $7.6M | $17.2M | ||
| Q2 25 | $10.5M | $11.3M | ||
| Q1 25 | $14.3M | $48.3M | ||
| Q4 24 | $18.0M | $45.6M | ||
| Q3 24 | $16.1M | $22.6M | ||
| Q2 24 | $20.3M | $37.2M | ||
| Q1 24 | $17.5M | $26.3M |
总债务ATERHBB
| Q4 25 | — | $50.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ATERHBB
| Q4 25 | $15.2M | $182.8M | ||
| Q3 25 | $22.6M | $164.0M | ||
| Q2 25 | $24.3M | $164.0M | ||
| Q1 25 | $27.0M | $163.2M | ||
| Q4 24 | $30.0M | $165.9M | ||
| Q3 24 | $30.6M | $150.0M | ||
| Q2 24 | $30.9M | $145.7M | ||
| Q1 24 | $33.0M | $145.4M |
总资产ATERHBB
| Q4 25 | $29.6M | $397.6M | ||
| Q3 25 | $40.1M | $392.4M | ||
| Q2 25 | $45.4M | $363.8M | ||
| Q1 25 | $49.8M | $418.0M | ||
| Q4 24 | $49.5M | $415.1M | ||
| Q3 24 | $52.1M | $408.7M | ||
| Q2 24 | $59.9M | $369.9M | ||
| Q1 24 | $55.7M | $368.9M |
负债/权益比ATERHBB
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $-1.0M | $28.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $27.9M |
| 自由现金流率自由现金流/营收 | -6.9% | 13.1% |
| 资本支出强度资本支出/营收 | 0.0% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $11.0M |
8季度趋势，按日历期对齐
经营现金流ATERHBB
| Q4 25 | $-1.0M | $28.5M | ||
| Q3 25 | $-1.6M | $9.1M | ||
| Q2 25 | $-4.4M | $-30.4M | ||
| Q1 25 | $-3.9M | $6.6M | ||
| Q4 24 | $-9.0K | $30.2M | ||
| Q3 24 | $-722.0K | $-1.9M | ||
| Q2 24 | $2.9M | $17.4M | ||
| Q1 24 | $-6.0K | $19.7M |
自由现金流ATERHBB
| Q4 25 | $-1.0M | $27.9M | ||
| Q3 25 | $-1.6M | $8.4M | ||
| Q2 25 | $-4.4M | $-31.3M | ||
| Q1 25 | — | $6.1M | ||
| Q4 24 | — | $29.4M | ||
| Q3 24 | — | $-2.7M | ||
| Q2 24 | $2.9M | $16.8M | ||
| Q1 24 | $-42.0K | $18.8M |
自由现金流率ATERHBB
| Q4 25 | -6.9% | 13.1% | ||
| Q3 25 | -8.4% | 6.3% | ||
| Q2 25 | -22.7% | -24.5% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | 10.3% | 10.7% | ||
| Q1 24 | -0.2% | 14.6% |
资本支出强度ATERHBB
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.2% | 0.6% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 0.2% | 0.7% |
现金转化率ATERHBB
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 5.52× | ||
| Q2 25 | — | -6.83× | ||
| Q1 25 | — | 3.67× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | -0.98× | ||
| Q2 24 | — | 2.90× | ||
| 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
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
