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ASTRONICS CORP（ATRO）与BILL Holdings, Inc.（BILL）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是ASTRONICS CORP的1.7倍（$414.7M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $15.8M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs 13.3%）
Astronics Corporation是一家成立于1968年的美国航空航天电子企业，总部位于纽约州东奥罗拉，在纳斯达克上市，股票代码为ATRO。该公司专注于军用、商用及公务机的照明与电子系统集成业务，同时还提供半导体测试系统，在相关领域拥有较高知名度。
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
ATRO vs BILL — 直观对比
营收规模更大
BILL
是对方的1.7倍
$240.1M
营收增速更快
ATRO
高出0.7%
14.4%
自由现金流更多
BILL
多$88.0M
$15.8M
两年增速更快
ATRO
近两年复合增速
13.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $414.7M |
| 净利润 | — | $-2.6M |
| 毛利率 | 33.3% | 79.8% |
| 营业利润率 | 14.8% | -4.4% |
| 净利率 | — | -0.6% |
| 营收同比 | 15.1% | 14.4% |
| 净利润同比 | — | -107.7% |
| 每股收益（稀释后） | $0.82 | $-0.03 |
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ATROBILL
| Q4 25 | $240.1M | $414.7M | ||
| Q3 25 | $211.4M | $395.7M | ||
| Q2 25 | $204.7M | $383.3M | ||
| Q1 25 | $205.9M | $358.2M | ||
| Q4 24 | $208.5M | $362.6M | ||
| Q3 24 | $203.7M | $358.4M | ||
| Q2 24 | $198.1M | $343.7M | ||
| Q1 24 | $185.1M | $323.0M |
净利润ATROBILL
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-11.1M | $-3.0M | ||
| Q2 25 | $1.3M | $-7.1M | ||
| Q1 25 | $9.5M | $-11.6M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $-11.7M | $8.9M | ||
| Q2 24 | $1.5M | $7.6M | ||
| Q1 24 | $-3.2M | $31.8M |
毛利率ATROBILL
| Q4 25 | 33.3% | 79.8% | ||
| Q3 25 | 30.5% | 80.5% | ||
| Q2 25 | 25.8% | 80.8% | ||
| Q1 25 | 29.5% | 81.2% | ||
| Q4 24 | 29.8% | 81.6% | ||
| Q3 24 | 27.1% | 82.0% | ||
| Q2 24 | 28.0% | 81.0% | ||
| Q1 24 | 25.7% | 83.0% |
营业利润率ATROBILL
| Q4 25 | 14.8% | -4.4% | ||
| Q3 25 | 10.9% | -5.2% | ||
| Q2 25 | 2.3% | -5.8% | ||
| Q1 25 | 6.4% | -8.1% | ||
| Q4 24 | 4.3% | -6.0% | ||
| Q3 24 | 4.1% | -2.1% | ||
| Q2 24 | 3.8% | -6.5% | ||
| Q1 24 | 0.9% | -8.6% |
净利率ATROBILL
| Q4 25 | — | -0.6% | ||
| Q3 25 | -5.2% | -0.7% | ||
| Q2 25 | 0.6% | -1.8% | ||
| Q1 25 | 4.6% | -3.2% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | -5.8% | 2.5% | ||
| Q2 24 | 0.8% | 2.2% | ||
| Q1 24 | -1.7% | 9.8% |
每股收益（稀释后）ATROBILL
| Q4 25 | $0.82 | $-0.03 | ||
| Q3 25 | $-0.31 | $-0.03 | ||
| Q2 25 | $0.04 | $0.02 | ||
| Q1 25 | $0.26 | $-0.11 | ||
| Q4 24 | $-0.07 | $-0.06 | ||
| Q3 24 | $-0.34 | $0.08 | ||
| Q2 24 | $0.04 | $0.37 | ||
| Q1 24 | $-0.09 | $0.00 |
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 | $18.2M | $1.1B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $140.1M | $3.8B |
| 总资产 | $706.7M | $10.1B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资ATROBILL
| Q4 25 | $18.2M | $1.1B | ||
| Q3 25 | $13.5M | $1.1B | ||
| Q2 25 | $13.5M | $1.0B | ||
| Q1 25 | $24.8M | $1.0B | ||
| Q4 24 | $9.3M | $1.6B | ||
| Q3 24 | $5.2M | $853.5M | ||
| Q2 24 | $2.9M | $985.9M | ||
| Q1 24 | $5.3M | $952.5M |
总债务ATROBILL
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $914.8M | ||
| Q2 24 | — | $914.0M | ||
| Q1 24 | — | $1.1B |
股东权益ATROBILL
| Q4 25 | $140.1M | $3.8B | ||
| Q3 25 | $108.9M | $3.9B | ||
| Q2 25 | $271.6M | $3.9B | ||
| Q1 25 | $266.8M | $3.9B | ||
| Q4 24 | $256.1M | $3.8B | ||
| Q3 24 | $249.2M | $4.0B | ||
| Q2 24 | $257.9M | $4.1B | ||
| Q1 24 | $251.7M | $4.1B |
总资产ATROBILL
| Q4 25 | $706.7M | $10.1B | ||
| Q3 25 | $682.2M | $10.2B | ||
| Q2 25 | $646.7M | $10.1B | ||
| Q1 25 | $662.2M | $9.6B | ||
| Q4 24 | $648.8M | $9.7B | ||
| Q3 24 | $651.6M | $9.0B | ||
| Q2 24 | $644.9M | $9.2B | ||
| Q1 24 | $630.0M | $9.1B |
负债/权益比ATROBILL
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.28× |
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 | $27.6M | $105.3M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $103.8M |
| 自由现金流率自由现金流/营收 | 6.6% | 25.0% |
| 资本支出强度资本支出/营收 | 4.9% | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $43.1M | $378.8M |
8季度趋势，按日历期对齐
经营现金流ATROBILL
| Q4 25 | $27.6M | $105.3M | ||
| Q3 25 | $34.2M | $96.9M | ||
| Q2 25 | $-7.6M | $83.8M | ||
| Q1 25 | $20.6M | $99.5M | ||
| Q4 24 | $26.4M | $78.7M | ||
| Q3 24 | $8.4M | $88.6M | ||
| Q2 24 | $-6.3M | $78.6M | ||
| Q1 24 | $2.0M | $66.8M |
自由现金流ATROBILL
| Q4 25 | $15.8M | $103.8M | ||
| Q3 25 | $21.0M | $95.6M | ||
| Q2 25 | $-12.2M | $81.0M | ||
| Q1 25 | $18.5M | $98.4M | ||
| Q4 24 | $23.2M | $78.3M | ||
| Q3 24 | $6.5M | $88.6M | ||
| Q2 24 | $-8.1M | $78.4M | ||
| Q1 24 | $439.0K | $66.8M |
自由现金流率ATROBILL
| Q4 25 | 6.6% | 25.0% | ||
| Q3 25 | 9.9% | 24.1% | ||
| Q2 25 | -6.0% | 21.1% | ||
| Q1 25 | 9.0% | 27.5% | ||
| Q4 24 | 11.1% | 21.6% | ||
| Q3 24 | 3.2% | 24.7% | ||
| Q2 24 | -4.1% | 22.8% | ||
| Q1 24 | 0.2% | 20.7% |
资本支出强度ATROBILL
| Q4 25 | 4.9% | 0.4% | ||
| Q3 25 | 6.2% | 0.3% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 1.0% | 0.3% | ||
| Q4 24 | 1.5% | 0.1% | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 0.9% | 0.0% |
现金转化率ATROBILL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | — | 9.94× | ||
| Q2 24 | -4.08× | 10.35× | ||
| Q1 24 | — | 2.10× |
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
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
