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ATI INC（ATI）与Leonardo DRS, Inc.（DRS）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Leonardo DRS, Inc.的1.1倍（$1.2B vs $1.1B），Leonardo DRS, Inc.净利率更高（9.6% vs 8.2%，领先1.4%），Leonardo DRS, Inc.同比增速更快（8.1% vs 0.4%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $223.1M），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 6.2%）
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。
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
ATI vs DRS — 直观对比
营收规模更大
ATI
是对方的1.1倍
$1.1B
营收增速更快
DRS
高出7.7%
0.4%
净利率更高
DRS
高出1.4%
8.2%
自由现金流更多
DRS
多$152.9M
$223.1M
两年增速更快
DRS
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $96.6M | $102.0M |
| 毛利率 | 23.2% | 25.4% |
| 营业利润率 | 14.5% | 11.9% |
| 净利率 | 8.2% | 9.6% |
| 营收同比 | 0.4% | 8.1% |
| 净利润同比 | -29.5% | 14.6% |
| 每股收益（稀释后） | $0.70 | $0.38 |
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ATIDRS
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $960.0M | ||
| Q2 25 | $1.1B | $829.0M | ||
| Q1 25 | $1.1B | $799.0M | ||
| Q4 24 | $1.2B | $981.0M | ||
| Q3 24 | $1.1B | $812.0M | ||
| Q2 24 | $1.1B | $753.0M | ||
| Q1 24 | $1.0B | $688.0M |
净利润ATIDRS
| Q4 25 | $96.6M | $102.0M | ||
| Q3 25 | $110.0M | $72.0M | ||
| Q2 25 | $100.7M | $54.0M | ||
| Q1 25 | $97.0M | $50.0M | ||
| Q4 24 | $137.1M | $89.0M | ||
| Q3 24 | $82.7M | $57.0M | ||
| Q2 24 | $81.9M | $38.0M | ||
| Q1 24 | $66.1M | $29.0M |
毛利率ATIDRS
| Q4 25 | 23.2% | 25.4% | ||
| Q3 25 | 22.7% | 23.1% | ||
| Q2 25 | 21.3% | 23.8% | ||
| Q1 25 | 20.6% | 22.7% | ||
| Q4 24 | 21.2% | 24.0% | ||
| Q3 24 | 21.4% | 22.0% | ||
| Q2 24 | 20.8% | 22.4% | ||
| Q1 24 | 18.9% | 22.2% |
营业利润率ATIDRS
| Q4 25 | 14.5% | 11.9% | ||
| Q3 25 | 14.4% | 9.7% | ||
| Q2 25 | 14.1% | 8.4% | ||
| Q1 25 | 12.8% | 7.4% | ||
| Q4 24 | 17.8% | 12.2% | ||
| Q3 24 | 13.5% | 9.2% | ||
| Q2 24 | 13.0% | 7.3% | ||
| Q1 24 | 11.0% | 6.3% |
净利率ATIDRS
| Q4 25 | 8.2% | 9.6% | ||
| Q3 25 | 9.8% | 7.5% | ||
| Q2 25 | 8.8% | 6.5% | ||
| Q1 25 | 8.5% | 6.3% | ||
| Q4 24 | 11.7% | 9.1% | ||
| Q3 24 | 7.9% | 7.0% | ||
| Q2 24 | 7.5% | 5.0% | ||
| Q1 24 | 6.3% | 4.2% |
每股收益（稀释后）ATIDRS
| Q4 25 | $0.70 | $0.38 | ||
| Q3 25 | $0.78 | $0.26 | ||
| Q2 25 | $0.70 | $0.20 | ||
| Q1 25 | $0.67 | $0.19 | ||
| Q4 24 | $0.94 | $0.34 | ||
| Q3 24 | $0.57 | $0.21 | ||
| Q2 24 | $0.58 | $0.14 | ||
| Q1 24 | $0.46 | $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 | $416.7M | $647.0M |
| 总债务越低越好 | $1.7B | $321.0M |
| 股东权益账面价值 | $1.8B | $2.7B |
| 总资产 | $5.1B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.95× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资ATIDRS
| Q4 25 | $416.7M | $647.0M | ||
| Q3 25 | $372.2M | $309.0M | ||
| Q2 25 | $319.6M | $278.0M | ||
| Q1 25 | $475.8M | $380.0M | ||
| Q4 24 | $721.2M | $598.0M | ||
| Q3 24 | $406.6M | $198.0M | ||
| Q2 24 | $425.6M | $149.0M | ||
| Q1 24 | $394.4M | $160.0M |
总债务ATIDRS
| Q4 25 | $1.7B | $321.0M | ||
| Q3 25 | $1.7B | $326.0M | ||
| Q2 25 | $1.7B | $331.0M | ||
| Q1 25 | $1.7B | $335.0M | ||
| Q4 24 | $1.7B | $340.0M | ||
| Q3 24 | $1.9B | $345.0M | ||
| Q2 24 | $1.9B | $351.0M | ||
| Q1 24 | $2.1B | $356.0M |
股东权益ATIDRS
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.3B | $2.4B |
总资产ATIDRS
| Q4 25 | $5.1B | $4.5B | ||
| Q3 25 | $5.0B | $4.2B | ||
| Q2 25 | $5.0B | $4.1B | ||
| Q1 25 | $5.2B | $4.1B | ||
| Q4 24 | $5.2B | $4.2B | ||
| Q3 24 | $5.1B | $3.9B | ||
| Q2 24 | $4.9B | $3.8B | ||
| Q1 24 | $4.8B | $3.8B |
负债/权益比ATIDRS
| Q4 25 | 0.95× | 0.12× | ||
| Q3 25 | 1.00× | 0.12× | ||
| Q2 25 | 0.98× | 0.13× | ||
| Q1 25 | 0.91× | 0.13× | ||
| Q4 24 | 0.93× | 0.13× | ||
| Q3 24 | 1.04× | 0.14× | ||
| Q2 24 | 1.37× | 0.15× | ||
| Q1 24 | 1.70× | 0.15× |
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 | $425.0M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $376.0M |
| 自由现金流率自由现金流/营收 | 19.0% | 35.5% |
| 资本支出强度资本支出/营收 | 7.9% | 4.6% |
| 现金转化率经营现金流/净利润 | 3.27× | 4.17× |
| 过去12个月自由现金流最近4个季度 | $333.7M | $227.0M |
8季度趋势，按日历期对齐
经营现金流ATIDRS
| Q4 25 | $315.8M | $425.0M | ||
| Q3 25 | $229.5M | $107.0M | ||
| Q2 25 | $161.5M | $-28.0M | ||
| Q1 25 | $-92.5M | $-138.0M | ||
| Q4 24 | $380.9M | $443.0M | ||
| Q3 24 | $24.0M | $59.0M | ||
| Q2 24 | $101.1M | $34.0M | ||
| Q1 24 | $-98.8M | $-265.0M |
自由现金流ATIDRS
| Q4 25 | $223.1M | $376.0M | ||
| Q3 25 | $167.0M | $77.0M | ||
| Q2 25 | $89.4M | $-56.0M | ||
| Q1 25 | $-145.8M | $-170.0M | ||
| Q4 24 | $333.6M | $414.0M | ||
| Q3 24 | $-41.8M | $47.0M | ||
| Q2 24 | $40.9M | $0 | ||
| Q1 24 | $-164.6M | $-275.0M |
自由现金流率ATIDRS
| Q4 25 | 19.0% | 35.5% | ||
| Q3 25 | 14.8% | 8.0% | ||
| Q2 25 | 7.8% | -6.8% | ||
| Q1 25 | -12.7% | -21.3% | ||
| Q4 24 | 28.4% | 42.2% | ||
| Q3 24 | -4.0% | 5.8% | ||
| Q2 24 | 3.7% | 0.0% | ||
| Q1 24 | -15.8% | -40.0% |
资本支出强度ATIDRS
| Q4 25 | 7.9% | 4.6% | ||
| Q3 25 | 5.6% | 3.1% | ||
| Q2 25 | 6.3% | 3.4% | ||
| Q1 25 | 4.7% | 4.0% | ||
| Q4 24 | 4.0% | 3.0% | ||
| Q3 24 | 6.3% | 1.5% | ||
| Q2 24 | 5.5% | 4.5% | ||
| Q1 24 | 6.3% | 1.5% |
现金转化率ATIDRS
| Q4 25 | 3.27× | 4.17× | ||
| Q3 25 | 2.09× | 1.49× | ||
| Q2 25 | 1.60× | -0.52× | ||
| Q1 25 | -0.95× | -2.76× | ||
| Q4 24 | 2.78× | 4.98× | ||
| Q3 24 | 0.29× | 1.04× | ||
| Q2 24 | 1.23× | 0.89× | ||
| Q1 24 | -1.49× | -9.14× |
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% |
DRS
暂无分部数据
