vs
Aterian, Inc.（ATER）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是Aterian, Inc.的1.1倍（$16.4M vs $15.1M），Aterian, Inc.净利率更高（-52.5% vs -57.5%，领先5.0%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -38.5%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-1.0M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% 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。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
ATER vs LPTH — 直观对比
营收规模更大
LPTH
是对方的1.1倍
$15.1M
营收增速更快
LPTH
高出158.7%
-38.5%
净利率更高
ATER
高出5.0%
-57.5%
自由现金流更多
LPTH
多$3.0M
$-1.0M
两年增速更快
LPTH
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $15.1M | $16.4M |
| 净利润 | $-7.9M | $-9.4M |
| 毛利率 | 56.1% | 36.8% |
| 营业利润率 | -51.1% | -52.6% |
| 净利率 | -52.5% | -57.5% |
| 营收同比 | -38.5% | 120.2% |
| 净利润同比 | -512.2% | -260.1% |
| 每股收益（稀释后） | — | $-0.20 |
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ATERLPTH
| Q4 25 | $15.1M | $16.4M | ||
| Q3 25 | $19.0M | $15.1M | ||
| Q2 25 | $19.5M | $12.2M | ||
| Q1 25 | $15.4M | $9.2M | ||
| Q4 24 | $24.6M | $7.4M | ||
| Q3 24 | $26.2M | $8.4M | ||
| Q2 24 | $28.0M | $8.6M | ||
| Q1 24 | $20.2M | $7.7M |
净利润ATERLPTH
| Q4 25 | $-7.9M | $-9.4M | ||
| Q3 25 | $-2.3M | $-2.9M | ||
| Q2 25 | $-4.9M | $-7.1M | ||
| Q1 25 | $-3.9M | $-3.6M | ||
| Q4 24 | $-1.3M | $-2.6M | ||
| Q3 24 | $-1.8M | $-1.6M | ||
| Q2 24 | $-3.6M | $-2.4M | ||
| Q1 24 | $-5.2M | $-2.6M |
毛利率ATERLPTH
| Q4 25 | 56.1% | 36.8% | ||
| Q3 25 | 56.1% | 29.8% | ||
| Q2 25 | 54.3% | 22.0% | ||
| Q1 25 | 61.4% | 29.1% | ||
| Q4 24 | 63.4% | 26.0% | ||
| Q3 24 | 60.3% | 33.9% | ||
| Q2 24 | 60.4% | 29.2% | ||
| Q1 24 | 65.1% | 20.9% |
营业利润率ATERLPTH
| Q4 25 | -51.1% | -52.6% | ||
| Q3 25 | -10.7% | -16.6% | ||
| Q2 25 | -23.1% | -38.0% | ||
| Q1 25 | -24.1% | -36.3% | ||
| Q4 24 | -6.5% | -33.5% | ||
| Q3 24 | -6.6% | -16.4% | ||
| Q2 24 | -11.5% | -25.6% | ||
| Q1 24 | -26.1% | -33.6% |
净利率ATERLPTH
| Q4 25 | -52.5% | -57.5% | ||
| Q3 25 | -12.0% | -19.2% | ||
| Q2 25 | -25.0% | -57.8% | ||
| Q1 25 | -25.4% | -39.1% | ||
| Q4 24 | -5.3% | -35.2% | ||
| Q3 24 | -6.8% | -19.3% | ||
| Q2 24 | -13.0% | -27.3% | ||
| Q1 24 | -25.5% | -33.7% |
每股收益（稀释后）ATERLPTH
| Q4 25 | — | $-0.20 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $-0.44 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.07 |
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 | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.2M | $77.9M |
| 总资产 | $29.6M | $148.6M |
| 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ATERLPTH
| Q4 25 | $4.9M | $73.6M | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $10.5M | $4.9M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $17.5M | — |
总债务ATERLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $535.0K | ||
| Q1 24 | — | $599.4K |
股东权益ATERLPTH
| Q4 25 | $15.2M | $77.9M | ||
| Q3 25 | $22.6M | $21.4M | ||
| Q2 25 | $24.3M | $15.6M | ||
| Q1 25 | $27.0M | $15.7M | ||
| Q4 24 | $30.0M | $26.7M | ||
| Q3 24 | $30.6M | $29.4M | ||
| Q2 24 | $30.9M | $30.2M | ||
| Q1 24 | $33.0M | $31.7M |
总资产ATERLPTH
| Q4 25 | $29.6M | $148.6M | ||
| Q3 25 | $40.1M | $87.3M | ||
| Q2 25 | $45.4M | $81.5M | ||
| Q1 25 | $49.8M | $81.4M | ||
| Q4 24 | $49.5M | $45.8M | ||
| Q3 24 | $52.1M | $48.4M | ||
| Q2 24 | $59.9M | $48.1M | ||
| Q1 24 | $55.7M | $49.7M |
负债/权益比ATERLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $2.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $2.0M |
| 自由现金流率自由现金流/营收 | -6.9% | 12.0% |
| 资本支出强度资本支出/营收 | 0.0% | 5.3% |
| 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 | — | $-6.3M |
8季度趋势，按日历期对齐
经营现金流ATERLPTH
| Q4 25 | $-1.0M | $2.8M | ||
| Q3 25 | $-1.6M | $-1.1M | ||
| Q2 25 | $-4.4M | $-2.6M | ||
| Q1 25 | $-3.9M | $-3.2M | ||
| Q4 24 | $-9.0K | $-737.4K | ||
| Q3 24 | $-722.0K | $-1.7M | ||
| Q2 24 | $2.9M | $64.7K | ||
| Q1 24 | $-6.0K | $-394.2K |
自由现金流ATERLPTH
| Q4 25 | $-1.0M | $2.0M | ||
| Q3 25 | $-1.6M | $-1.2M | ||
| Q2 25 | $-4.4M | $-3.3M | ||
| Q1 25 | — | $-3.7M | ||
| Q4 24 | — | $-817.8K | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | $2.9M | $-225.5K | ||
| Q1 24 | $-42.0K | $-802.5K |
自由现金流率ATERLPTH
| Q4 25 | -6.9% | 12.0% | ||
| Q3 25 | -8.4% | -8.1% | ||
| Q2 25 | -22.7% | -27.3% | ||
| Q1 25 | — | -40.0% | ||
| Q4 24 | — | -11.0% | ||
| Q3 24 | — | -21.2% | ||
| Q2 24 | 10.3% | -2.6% | ||
| Q1 24 | -0.2% | -10.4% |
资本支出强度ATERLPTH
| Q4 25 | 0.0% | 5.3% | ||
| Q3 25 | 0.2% | 0.5% | ||
| Q2 25 | 0.0% | 5.6% | ||
| Q1 25 | 0.0% | 4.6% | ||
| Q4 24 | 0.0% | 1.1% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | 0.0% | 3.4% | ||
| Q1 24 | 0.2% | 5.3% |
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% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
