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ATI INC（ATI）与BrightView Holdings, Inc.（BV）财务数据对比。点击上方公司名可切换其他公司
ATI INC的季度营收约是BrightView Holdings, Inc.的1.9倍（$1.2B vs $614.7M），ATI INC净利率更高（8.2% vs -2.5%，领先10.7%），BrightView Holdings, Inc.同比增速更快（2.6% vs 0.4%），ATI INC自由现金流更多（$223.1M vs $-18.6M），过去两年ATI INC的营收复合增速更高（6.2% vs -4.4%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
BrightView Holdings是美国领先的商业景观服务提供商，业务涵盖景观设计、施工、日常养护、灌溉系统管理、除雪除冰等，服务客户覆盖企业园区、商业中心、住宅社区及公共部门等场景。
ATI vs BV — 直观对比
营收规模更大
ATI
是对方的1.9倍
$614.7M
营收增速更快
BV
高出2.2%
0.4%
净利率更高
ATI
高出10.7%
-2.5%
自由现金流更多
ATI
多$241.7M
$-18.6M
两年增速更快
ATI
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.7M |
| 净利润 | $96.6M | $-15.2M |
| 毛利率 | 23.2% | 18.6% |
| 营业利润率 | 14.5% | -1.2% |
| 净利率 | 8.2% | -2.5% |
| 营收同比 | 0.4% | 2.6% |
| 净利润同比 | -29.5% | -46.2% |
| 每股收益（稀释后） | $0.70 | $-0.26 |
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ATIBV
| Q4 25 | $1.2B | $614.7M | ||
| Q3 25 | $1.1B | $702.7M | ||
| Q2 25 | $1.1B | $708.3M | ||
| Q1 25 | $1.1B | $662.6M | ||
| Q4 24 | $1.2B | $599.2M | ||
| Q3 24 | $1.1B | $728.7M | ||
| Q2 24 | $1.1B | $738.8M | ||
| Q1 24 | $1.0B | $672.9M |
净利润ATIBV
| Q4 25 | $96.6M | $-15.2M | ||
| Q3 25 | $110.0M | $27.7M | ||
| Q2 25 | $100.7M | $32.3M | ||
| Q1 25 | $97.0M | $6.4M | ||
| Q4 24 | $137.1M | $-10.4M | ||
| Q3 24 | $82.7M | $25.6M | ||
| Q2 24 | $81.9M | $23.5M | ||
| Q1 24 | $66.1M | $33.7M |
毛利率ATIBV
| Q4 25 | 23.2% | 18.6% | ||
| Q3 25 | 22.7% | 25.1% | ||
| Q2 25 | 21.3% | 24.1% | ||
| Q1 25 | 20.6% | 22.3% | ||
| Q4 24 | 21.2% | 21.2% | ||
| Q3 24 | 21.4% | 25.0% | ||
| Q2 24 | 20.8% | 24.0% | ||
| Q1 24 | 18.9% | 22.6% |
营业利润率ATIBV
| Q4 25 | 14.5% | -1.2% | ||
| Q3 25 | 14.4% | 7.9% | ||
| Q2 25 | 14.1% | 8.1% | ||
| Q1 25 | 12.8% | 3.4% | ||
| Q4 24 | 17.8% | -0.1% | ||
| Q3 24 | 13.5% | 7.1% | ||
| Q2 24 | 13.0% | 6.6% | ||
| Q1 24 | 11.0% | 9.2% |
净利率ATIBV
| Q4 25 | 8.2% | -2.5% | ||
| Q3 25 | 9.8% | 3.9% | ||
| Q2 25 | 8.8% | 4.6% | ||
| Q1 25 | 8.5% | 1.0% | ||
| Q4 24 | 11.7% | -1.7% | ||
| Q3 24 | 7.9% | 3.5% | ||
| Q2 24 | 7.5% | 3.2% | ||
| Q1 24 | 6.3% | 5.0% |
每股收益（稀释后）ATIBV
| Q4 25 | $0.70 | $-0.26 | ||
| Q3 25 | $0.78 | $0.21 | ||
| Q2 25 | $0.70 | $0.15 | ||
| Q1 25 | $0.67 | $-0.03 | ||
| Q4 24 | $0.94 | $-0.20 | ||
| Q3 24 | $0.57 | $0.20 | ||
| Q2 24 | $0.58 | $0.10 | ||
| Q1 24 | $0.46 | $0.17 |
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 | $416.7M | $37.0M |
| 总债务越低越好 | $1.7B | $801.1M |
| 股东权益账面价值 | $1.8B | $1.3B |
| 总资产 | $5.1B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.95× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ATIBV
| Q4 25 | $416.7M | $37.0M | ||
| Q3 25 | $372.2M | $74.5M | ||
| Q2 25 | $319.6M | $79.1M | ||
| Q1 25 | $475.8M | $141.3M | ||
| Q4 24 | $721.2M | $98.3M | ||
| Q3 24 | $406.6M | $140.4M | ||
| Q2 24 | $425.6M | $115.9M | ||
| Q1 24 | $394.4M | $177.3M |
总债务ATIBV
| Q4 25 | $1.7B | $801.1M | ||
| Q3 25 | $1.7B | $790.2M | ||
| Q2 25 | $1.7B | $790.7M | ||
| Q1 25 | $1.7B | $798.9M | ||
| Q4 24 | $1.7B | $796.5M | ||
| Q3 24 | $1.9B | $802.5M | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益ATIBV
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
总资产ATIBV
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $5.0B | $3.4B | ||
| Q2 25 | $5.0B | $3.4B | ||
| Q1 25 | $5.2B | $3.3B | ||
| Q4 24 | $5.2B | $3.3B | ||
| Q3 24 | $5.1B | $3.4B | ||
| Q2 24 | $4.9B | $3.4B | ||
| Q1 24 | $4.8B | $3.4B |
负债/权益比ATIBV
| Q4 25 | 0.95× | 0.64× | ||
| Q3 25 | 1.00× | 0.61× | ||
| Q2 25 | 0.98× | 0.62× | ||
| Q1 25 | 0.91× | 0.63× | ||
| Q4 24 | 0.93× | 0.63× | ||
| Q3 24 | 1.04× | 0.63× | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.70× | — |
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 | $315.8M | $36.1M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $-18.6M |
| 自由现金流率自由现金流/营收 | 19.0% | -3.0% |
| 资本支出强度资本支出/营收 | 7.9% | 8.9% |
| 现金转化率经营现金流/净利润 | 3.27× | — |
| 过去12个月自由现金流最近4个季度 | $333.7M | $17.2M |
8季度趋势，按日历期对齐
经营现金流ATIBV
| Q4 25 | $315.8M | $36.1M | ||
| Q3 25 | $229.5M | $84.4M | ||
| Q2 25 | $161.5M | $55.7M | ||
| Q1 25 | $-92.5M | $91.2M | ||
| Q4 24 | $380.9M | $60.5M | ||
| Q3 24 | $24.0M | $53.5M | ||
| Q2 24 | $101.1M | $42.6M | ||
| Q1 24 | $-98.8M | $83.3M |
自由现金流ATIBV
| Q4 25 | $223.1M | $-18.6M | ||
| Q3 25 | $167.0M | $26.0M | ||
| Q2 25 | $89.4M | $-47.8M | ||
| Q1 25 | $-145.8M | $57.6M | ||
| Q4 24 | $333.6M | $1.8M | ||
| Q3 24 | $-41.8M | $21.1M | ||
| Q2 24 | $40.9M | $19.3M | ||
| Q1 24 | $-164.6M | $70.7M |
自由现金流率ATIBV
| Q4 25 | 19.0% | -3.0% | ||
| Q3 25 | 14.8% | 3.7% | ||
| Q2 25 | 7.8% | -6.7% | ||
| Q1 25 | -12.7% | 8.7% | ||
| Q4 24 | 28.4% | 0.3% | ||
| Q3 24 | -4.0% | 2.9% | ||
| Q2 24 | 3.7% | 2.6% | ||
| Q1 24 | -15.8% | 10.5% |
资本支出强度ATIBV
| Q4 25 | 7.9% | 8.9% | ||
| Q3 25 | 5.6% | 8.3% | ||
| Q2 25 | 6.3% | 14.6% | ||
| Q1 25 | 4.7% | 5.1% | ||
| Q4 24 | 4.0% | 9.8% | ||
| Q3 24 | 6.3% | 4.4% | ||
| Q2 24 | 5.5% | 3.2% | ||
| Q1 24 | 6.3% | 1.9% |
现金转化率ATIBV
| Q4 25 | 3.27× | — | ||
| Q3 25 | 2.09× | 3.05× | ||
| Q2 25 | 1.60× | 1.72× | ||
| Q1 25 | -0.95× | 14.25× | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 0.29× | 2.09× | ||
| Q2 24 | 1.23× | 1.81× | ||
| Q1 24 | -1.49× | 2.47× |
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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
BV
| Landscape Maintenance | $368.0M | 60% |
| Development Services Segment | $179.2M | 29% |
| Snow Removal | $68.4M | 11% |
