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Atmus Filtration Technologies Inc.（ATMU）与MERCURY SYSTEMS INC（MRCY）财务数据对比。点击上方公司名可切换其他公司
Atmus Filtration Technologies Inc.的季度营收约是MERCURY SYSTEMS INC的1.9倍（$446.6M vs $232.9M），Atmus Filtration Technologies Inc.净利率更高（10.7% vs -6.5%，领先17.2%），Atmus Filtration Technologies Inc.同比增速更快（9.8% vs 4.4%），MERCURY SYSTEMS INC自由现金流更多（$45.7M vs $31.2M），过去两年MERCURY SYSTEMS INC的营收复合增速更高（5.7% vs 2.3%）
Atmus过滤技术公司是一家专业过滤解决方案提供商，研发、生产和销售空气、燃油、机油、液压等多场景过滤系统，服务全球汽车、重型车辆、工业设备、航空航天领域的原厂配套及售后替换市场。
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
ATMU vs MRCY — 直观对比
营收规模更大
ATMU
是对方的1.9倍
$232.9M
营收增速更快
ATMU
高出5.4%
4.4%
净利率更高
ATMU
高出17.2%
-6.5%
自由现金流更多
MRCY
多$14.5M
$31.2M
两年增速更快
MRCY
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $446.6M | $232.9M |
| 净利润 | $48.0M | $-15.1M |
| 毛利率 | 28.5% | 26.0% |
| 营业利润率 | 15.8% | -4.6% |
| 净利率 | 10.7% | -6.5% |
| 营收同比 | 9.8% | 4.4% |
| 净利润同比 | 19.7% | 14.1% |
| 每股收益（稀释后） | $0.58 | $-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ATMUMRCY
| Q4 25 | $446.6M | $232.9M | ||
| Q3 25 | $447.7M | $225.2M | ||
| Q2 25 | $453.5M | $273.1M | ||
| Q1 25 | $416.5M | $211.4M | ||
| Q4 24 | $406.7M | $223.1M | ||
| Q3 24 | $403.7M | $204.4M | ||
| Q2 24 | $432.6M | $248.6M | ||
| Q1 24 | $426.6M | $208.3M |
净利润ATMUMRCY
| Q4 25 | $48.0M | $-15.1M | ||
| Q3 25 | $54.8M | $-12.5M | ||
| Q2 25 | $59.9M | $16.4M | ||
| Q1 25 | $44.7M | $-19.2M | ||
| Q4 24 | $40.1M | $-17.6M | ||
| Q3 24 | $43.8M | $-17.5M | ||
| Q2 24 | $56.2M | $-10.8M | ||
| Q1 24 | $45.5M | $-44.6M |
毛利率ATMUMRCY
| Q4 25 | 28.5% | 26.0% | ||
| Q3 25 | 28.9% | 27.9% | ||
| Q2 25 | 28.9% | 31.0% | ||
| Q1 25 | 26.5% | 27.0% | ||
| Q4 24 | 26.3% | 27.3% | ||
| Q3 24 | 27.6% | 25.3% | ||
| Q2 24 | 30.5% | 29.5% | ||
| Q1 24 | 26.2% | 19.5% |
营业利润率ATMUMRCY
| Q4 25 | 15.8% | -4.6% | ||
| Q3 25 | 18.3% | -3.8% | ||
| Q2 25 | 18.0% | 8.6% | ||
| Q1 25 | 15.6% | -8.2% | ||
| Q4 24 | 13.4% | -5.6% | ||
| Q3 24 | 15.7% | -6.6% | ||
| Q2 24 | 18.4% | -3.2% | ||
| Q1 24 | 16.1% | -21.9% |
净利率ATMUMRCY
| Q4 25 | 10.7% | -6.5% | ||
| Q3 25 | 12.2% | -5.6% | ||
| Q2 25 | 13.2% | 6.0% | ||
| Q1 25 | 10.7% | -9.1% | ||
| Q4 24 | 9.9% | -7.9% | ||
| Q3 24 | 10.8% | -8.6% | ||
| Q2 24 | 13.0% | -4.3% | ||
| Q1 24 | 10.7% | -21.4% |
每股收益（稀释后）ATMUMRCY
| Q4 25 | $0.58 | $-0.26 | ||
| Q3 25 | $0.66 | $-0.21 | ||
| Q2 25 | $0.72 | $0.28 | ||
| Q1 25 | $0.54 | $-0.33 | ||
| Q4 24 | $0.49 | $-0.30 | ||
| Q3 24 | $0.52 | $-0.30 | ||
| Q2 24 | $0.67 | $-0.18 | ||
| Q1 24 | $0.54 | $-0.77 |
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 | $236.4M | $335.0M |
| 总债务越低越好 | $570.0M | — |
| 股东权益账面价值 | $378.5M | $1.5B |
| 总资产 | $1.4B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资ATMUMRCY
| Q4 25 | $236.4M | $335.0M | ||
| Q3 25 | $218.3M | $304.7M | ||
| Q2 25 | $190.8M | $309.1M | ||
| Q1 25 | $183.3M | $269.8M | ||
| Q4 24 | $184.3M | $242.6M | ||
| Q3 24 | $196.8M | $158.1M | ||
| Q2 24 | $160.5M | $180.5M | ||
| Q1 24 | $149.2M | $142.6M |
总债务ATMUMRCY
| Q4 25 | $570.0M | — | ||
| Q3 25 | $577.5M | — | ||
| Q2 25 | $585.0M | — | ||
| Q1 25 | $588.8M | — | ||
| Q4 24 | $592.5M | — | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | $600.0M | — |
股东权益ATMUMRCY
| Q4 25 | $378.5M | $1.5B | ||
| Q3 25 | $336.7M | $1.5B | ||
| Q2 25 | $316.3M | $1.5B | ||
| Q1 25 | $265.3M | $1.5B | ||
| Q4 24 | $227.4M | $1.5B | ||
| Q3 24 | $221.2M | $1.5B | ||
| Q2 24 | $178.1M | $1.5B | ||
| Q1 24 | $121.8M | $1.5B |
总资产ATMUMRCY
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.1B | $2.4B |
负债/权益比ATMUMRCY
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 3.37× | — | ||
| Q1 24 | 4.93× | — |
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 | $47.5M | $51.6M |
| 自由现金流经营现金流 - 资本支出 | $31.2M | $45.7M |
| 自由现金流率自由现金流/营收 | 7.0% | 19.6% |
| 资本支出强度资本支出/营收 | 3.6% | 2.5% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $148.8M | $99.4M |
8季度趋势，按日历期对齐
经营现金流ATMUMRCY
| Q4 25 | $47.5M | $51.6M | ||
| Q3 25 | $82.1M | $2.2M | ||
| Q2 25 | $44.4M | $38.1M | ||
| Q1 25 | $28.7M | $30.0M | ||
| Q4 24 | $20.0M | $85.5M | ||
| Q3 24 | $70.7M | $-14.7M | ||
| Q2 24 | $22.9M | $71.8M | ||
| Q1 24 | $-8.2M | $-17.8M |
自由现金流ATMUMRCY
| Q4 25 | $31.2M | $45.7M | ||
| Q3 25 | $68.9M | $-4.4M | ||
| Q2 25 | $32.4M | $34.0M | ||
| Q1 25 | $16.3M | $24.1M | ||
| Q4 24 | $10.0M | $81.9M | ||
| Q3 24 | $54.3M | $-20.9M | ||
| Q2 24 | $11.3M | $61.4M | ||
| Q1 24 | $-18.8M | $-25.7M |
自由现金流率ATMUMRCY
| Q4 25 | 7.0% | 19.6% | ||
| Q3 25 | 15.4% | -1.9% | ||
| Q2 25 | 7.1% | 12.4% | ||
| Q1 25 | 3.9% | 11.4% | ||
| Q4 24 | 2.5% | 36.7% | ||
| Q3 24 | 13.5% | -10.2% | ||
| Q2 24 | 2.6% | 24.7% | ||
| Q1 24 | -4.4% | -12.4% |
资本支出强度ATMUMRCY
| Q4 25 | 3.6% | 2.5% | ||
| Q3 25 | 2.9% | 2.9% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 3.0% | 2.8% | ||
| Q4 24 | 2.5% | 1.6% | ||
| Q3 24 | 4.1% | 3.1% | ||
| Q2 24 | 2.7% | 4.2% | ||
| Q1 24 | 2.5% | 3.8% |
现金转化率ATMUMRCY
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 0.74× | 2.33× | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | -0.18× | — |
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
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
