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ATI INC（ATI）与Woodward, Inc.（WWD）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Woodward, Inc.的1.2倍（$1.2B vs $996.5M），Woodward, Inc.净利率更高（13.4% vs 8.2%，领先5.2%），Woodward, Inc.同比增速更快（29.0% vs 0.4%），ATI INC自由现金流更多（$223.1M vs $70.3M），过去两年Woodward, Inc.的营收复合增速更高（9.2% 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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
ATI vs WWD — 直观对比
营收规模更大
ATI
是对方的1.2倍
$996.5M
营收增速更快
WWD
高出28.6%
0.4%
净利率更高
WWD
高出5.2%
8.2%
自由现金流更多
ATI
多$152.8M
$70.3M
两年增速更快
WWD
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $996.5M |
| 净利润 | $96.6M | $133.7M |
| 毛利率 | 23.2% | 29.3% |
| 营业利润率 | 14.5% | 17.0% |
| 净利率 | 8.2% | 13.4% |
| 营收同比 | 0.4% | 29.0% |
| 净利润同比 | -29.5% | 53.5% |
| 每股收益（稀释后） | $0.70 | $2.17 |
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ATIWWD
| Q4 25 | $1.2B | $996.5M | ||
| Q3 25 | $1.1B | $995.3M | ||
| Q2 25 | $1.1B | $915.4M | ||
| Q1 25 | $1.1B | $883.6M | ||
| Q4 24 | $1.2B | $772.7M | ||
| Q3 24 | $1.1B | $854.5M | ||
| Q2 24 | $1.1B | $847.7M | ||
| Q1 24 | $1.0B | $835.3M |
净利润ATIWWD
| Q4 25 | $96.6M | $133.7M | ||
| Q3 25 | $110.0M | $137.6M | ||
| Q2 25 | $100.7M | $108.4M | ||
| Q1 25 | $97.0M | $108.9M | ||
| Q4 24 | $137.1M | $87.1M | ||
| Q3 24 | $82.7M | $83.3M | ||
| Q2 24 | $81.9M | $102.1M | ||
| Q1 24 | $66.1M | $97.6M |
毛利率ATIWWD
| Q4 25 | 23.2% | 29.3% | ||
| Q3 25 | 22.7% | 27.9% | ||
| Q2 25 | 21.3% | 27.2% | ||
| Q1 25 | 20.6% | 27.2% | ||
| Q4 24 | 21.2% | 24.5% | ||
| Q3 24 | 21.4% | 24.3% | ||
| Q2 24 | 20.8% | 27.1% | ||
| Q1 24 | 18.9% | 28.1% |
营业利润率ATIWWD
| Q4 25 | 14.5% | 17.0% | ||
| Q3 25 | 14.4% | 16.1% | ||
| Q2 25 | 14.1% | 13.9% | ||
| Q1 25 | 12.8% | 15.0% | ||
| Q4 24 | 17.8% | 13.2% | ||
| Q3 24 | 13.5% | 11.9% | ||
| Q2 24 | 13.0% | 14.4% | ||
| Q1 24 | 11.0% | 14.4% |
净利率ATIWWD
| Q4 25 | 8.2% | 13.4% | ||
| Q3 25 | 9.8% | 13.8% | ||
| Q2 25 | 8.8% | 11.8% | ||
| Q1 25 | 8.5% | 12.3% | ||
| Q4 24 | 11.7% | 11.3% | ||
| Q3 24 | 7.9% | 9.7% | ||
| Q2 24 | 7.5% | 12.0% | ||
| Q1 24 | 6.3% | 11.7% |
每股收益（稀释后）ATIWWD
| Q4 25 | $0.70 | $2.17 | ||
| Q3 25 | $0.78 | $2.23 | ||
| Q2 25 | $0.70 | $1.76 | ||
| Q1 25 | $0.67 | $1.78 | ||
| Q4 24 | $0.94 | $1.42 | ||
| Q3 24 | $0.57 | $1.36 | ||
| Q2 24 | $0.58 | $1.63 | ||
| Q1 24 | $0.46 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.8B | $2.6B |
| 总资产 | $5.1B | $4.7B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ATIWWD
| Q4 25 | $416.7M | $454.2M | ||
| Q3 25 | $372.2M | $327.4M | ||
| Q2 25 | $319.6M | $473.2M | ||
| Q1 25 | $475.8M | $364.1M | ||
| Q4 24 | $721.2M | $283.7M | ||
| Q3 24 | $406.6M | $282.3M | ||
| Q2 24 | $425.6M | $308.3M | ||
| Q1 24 | $394.4M | $316.9M |
总债务ATIWWD
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $579.9M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | $655.5M | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益ATIWWD
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.3B | $2.3B |
总资产ATIWWD
| Q4 25 | $5.1B | $4.7B | ||
| Q3 25 | $5.0B | $4.6B | ||
| Q2 25 | $5.0B | $4.7B | ||
| Q1 25 | $5.2B | $4.5B | ||
| Q4 24 | $5.2B | $4.3B | ||
| Q3 24 | $5.1B | $4.4B | ||
| Q2 24 | $4.9B | $4.3B | ||
| Q1 24 | $4.8B | $4.4B |
负债/权益比ATIWWD
| Q4 25 | 0.95× | — | ||
| Q3 25 | 1.00× | 0.23× | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.04× | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $70.3M |
| 自由现金流率自由现金流/营收 | 19.0% | 7.1% |
| 资本支出强度资本支出/营收 | 7.9% | 4.4% |
| 现金转化率经营现金流/净利润 | 3.27× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $333.7M | $409.7M |
8季度趋势，按日历期对齐
经营现金流ATIWWD
| Q4 25 | $315.8M | $114.4M | ||
| Q3 25 | $229.5M | $233.3M | ||
| Q2 25 | $161.5M | $125.6M | ||
| Q1 25 | $-92.5M | $77.8M | ||
| Q4 24 | $380.9M | $34.5M | ||
| Q3 24 | $24.0M | $141.8M | ||
| Q2 24 | $101.1M | $153.2M | ||
| Q1 24 | $-98.8M | $97.3M |
自由现金流ATIWWD
| Q4 25 | $223.1M | $70.3M | ||
| Q3 25 | $167.0M | $180.9M | ||
| Q2 25 | $89.4M | $99.1M | ||
| Q1 25 | $-145.8M | $59.4M | ||
| Q4 24 | $333.6M | $942.0K | ||
| Q3 24 | $-41.8M | $117.7M | ||
| Q2 24 | $40.9M | $137.3M | ||
| Q1 24 | $-164.6M | $82.8M |
自由现金流率ATIWWD
| Q4 25 | 19.0% | 7.1% | ||
| Q3 25 | 14.8% | 18.2% | ||
| Q2 25 | 7.8% | 10.8% | ||
| Q1 25 | -12.7% | 6.7% | ||
| Q4 24 | 28.4% | 0.1% | ||
| Q3 24 | -4.0% | 13.8% | ||
| Q2 24 | 3.7% | 16.2% | ||
| Q1 24 | -15.8% | 9.9% |
资本支出强度ATIWWD
| Q4 25 | 7.9% | 4.4% | ||
| Q3 25 | 5.6% | 5.3% | ||
| Q2 25 | 6.3% | 2.9% | ||
| Q1 25 | 4.7% | 2.1% | ||
| Q4 24 | 4.0% | 4.3% | ||
| Q3 24 | 6.3% | 2.8% | ||
| Q2 24 | 5.5% | 1.9% | ||
| Q1 24 | 6.3% | 1.7% |
现金转化率ATIWWD
| Q4 25 | 3.27× | 0.86× | ||
| Q3 25 | 2.09× | 1.70× | ||
| Q2 25 | 1.60× | 1.16× | ||
| Q1 25 | -0.95× | 0.71× | ||
| Q4 24 | 2.78× | 0.40× | ||
| Q3 24 | 0.29× | 1.70× | ||
| Q2 24 | 1.23× | 1.50× | ||
| Q1 24 | -1.49× | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
