vs
Aterian, Inc.（ATER）与Stran & Company, Inc.（SWAG）财务数据对比。点击上方公司名可切换其他公司
Stran & Company, Inc.的季度营收约是Aterian, Inc.的1.9倍（$28.9M vs $15.1M），Stran & Company, Inc.净利率更高（0.8% vs -52.5%，领先53.4%），Stran & Company, Inc.同比增速更快（7.2% vs -38.5%），Stran & Company, Inc.自由现金流更多（$38.0K vs $-1.0M），过去两年Stran & Company, Inc.的营收复合增速更高（24.0% 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。
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
ATER vs SWAG — 直观对比
营收规模更大
SWAG
是对方的1.9倍
$15.1M
营收增速更快
SWAG
高出45.7%
-38.5%
净利率更高
SWAG
高出53.4%
-52.5%
自由现金流更多
SWAG
多$1.1M
$-1.0M
两年增速更快
SWAG
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $15.1M | $28.9M |
| 净利润 | $-7.9M | $243.0K |
| 毛利率 | 56.1% | 30.4% |
| 营业利润率 | -51.1% | -0.1% |
| 净利率 | -52.5% | 0.8% |
| 营收同比 | -38.5% | 7.2% |
| 净利润同比 | -512.2% | 141.5% |
| 每股收益（稀释后） | — | $0.02 |
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ATERSWAG
| Q4 25 | $15.1M | $28.9M | ||
| Q3 25 | $19.0M | $26.0M | ||
| Q2 25 | $19.5M | $32.6M | ||
| Q1 25 | $15.4M | $28.7M | ||
| Q4 24 | $24.6M | $27.0M | ||
| Q3 24 | $26.2M | $20.1M | ||
| Q2 24 | $28.0M | $16.7M | ||
| Q1 24 | $20.2M | $18.8M |
净利润ATERSWAG
| Q4 25 | $-7.9M | $243.0K | ||
| Q3 25 | $-2.3M | $-1.2M | ||
| Q2 25 | $-4.9M | $643.0K | ||
| Q1 25 | $-3.9M | $-393.0K | ||
| Q4 24 | $-1.3M | $-586.0K | ||
| Q3 24 | $-1.8M | $-2.0M | ||
| Q2 24 | $-3.6M | $-1.0M | ||
| Q1 24 | $-5.2M | $-491.0K |
毛利率ATERSWAG
| Q4 25 | 56.1% | 30.4% | ||
| Q3 25 | 56.1% | 27.2% | ||
| Q2 25 | 54.3% | 30.3% | ||
| Q1 25 | 61.4% | 29.6% | ||
| Q4 24 | 63.4% | 32.5% | ||
| Q3 24 | 60.3% | 29.5% | ||
| Q2 24 | 60.4% | 32.8% | ||
| Q1 24 | 65.1% | 29.8% |
营业利润率ATERSWAG
| Q4 25 | -51.1% | -0.1% | ||
| Q3 25 | -10.7% | -6.9% | ||
| Q2 25 | -23.1% | 1.2% | ||
| Q1 25 | -24.1% | -1.9% | ||
| Q4 24 | -6.5% | -3.5% | ||
| Q3 24 | -6.6% | -10.8% | ||
| Q2 24 | -11.5% | -6.6% | ||
| Q1 24 | -26.1% | -3.5% |
净利率ATERSWAG
| Q4 25 | -52.5% | 0.8% | ||
| Q3 25 | -12.0% | -4.8% | ||
| Q2 25 | -25.0% | 2.0% | ||
| Q1 25 | -25.4% | -1.4% | ||
| Q4 24 | -5.3% | -2.2% | ||
| Q3 24 | -6.8% | -10.1% | ||
| Q2 24 | -13.0% | -6.1% | ||
| Q1 24 | -25.5% | -2.6% |
每股收益（稀释后）ATERSWAG
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $-0.02 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.03 |
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 | $11.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.2M | $30.5M |
| 总资产 | $29.6M | $49.3M |
| 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ATERSWAG
| Q4 25 | $4.9M | $11.6M | ||
| Q3 25 | $7.6M | $11.8M | ||
| Q2 25 | $10.5M | $18.1M | ||
| Q1 25 | $14.3M | $12.2M | ||
| Q4 24 | $18.0M | $18.2M | ||
| Q3 24 | $16.1M | $6.9M | ||
| Q2 24 | $20.3M | $9.6M | ||
| Q1 24 | $17.5M | $10.7M |
股东权益ATERSWAG
| Q4 25 | $15.2M | $30.5M | ||
| Q3 25 | $22.6M | $30.2M | ||
| Q2 25 | $24.3M | $31.8M | ||
| Q1 25 | $27.0M | $31.3M | ||
| Q4 24 | $30.0M | $31.6M | ||
| Q3 24 | $30.6M | $32.3M | ||
| Q2 24 | $30.9M | $34.3M | ||
| Q1 24 | $33.0M | $35.2M |
总资产ATERSWAG
| Q4 25 | $29.6M | $49.3M | ||
| Q3 25 | $40.1M | $50.3M | ||
| Q2 25 | $45.4M | $61.2M | ||
| Q1 25 | $49.8M | $52.2M | ||
| Q4 24 | $49.5M | $55.1M | ||
| Q3 24 | $52.1M | $48.8M | ||
| Q2 24 | $59.9M | $46.6M | ||
| Q1 24 | $55.7M | $47.9M |
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 | $161.0K |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $38.0K |
| 自由现金流率自由现金流/营收 | -6.9% | 0.1% |
| 资本支出强度资本支出/营收 | 0.0% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 0.66× |
| 过去12个月自由现金流最近4个季度 | — | $-5.5M |
8季度趋势，按日历期对齐
经营现金流ATERSWAG
| Q4 25 | $-1.0M | $161.0K | ||
| Q3 25 | $-1.6M | $-5.4M | ||
| Q2 25 | $-4.4M | $6.4M | ||
| Q1 25 | $-3.9M | $-5.9M | ||
| Q4 24 | $-9.0K | $1.3M | ||
| Q3 24 | $-722.0K | $-2.7M | ||
| Q2 24 | $2.9M | $2.1M | ||
| Q1 24 | $-6.0K | $2.1M |
自由现金流ATERSWAG
| Q4 25 | $-1.0M | $38.0K | ||
| Q3 25 | $-1.6M | $-5.9M | ||
| Q2 25 | $-4.4M | $6.3M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $-2.9M | ||
| Q2 24 | $2.9M | $1.9M | ||
| Q1 24 | $-42.0K | $1.9M |
自由现金流率ATERSWAG
| Q4 25 | -6.9% | 0.1% | ||
| Q3 25 | -8.4% | -22.6% | ||
| Q2 25 | -22.7% | 19.5% | ||
| Q1 25 | — | -21.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | -14.3% | ||
| Q2 24 | 10.3% | 11.6% | ||
| Q1 24 | -0.2% | 9.9% |
资本支出强度ATERSWAG
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.2% | 1.9% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.0% | 1.1% | ||
| Q1 24 | 0.2% | 1.0% |
现金转化率ATERSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 9.99× | ||
| 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
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
