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ASTRONICS CORP（ATRO）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
南玻集团的季度营收约是ASTRONICS CORP的1.3倍（$323.1M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $15.8M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs 4.6%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
ATRO vs CSGS — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$240.1M
营收增速更快
ATRO
高出13.1%
2.0%
自由现金流更多
CSGS
多$40.0M
$15.8M
两年增速更快
ATRO
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $323.1M |
| 净利润 | — | $7.0M |
| 毛利率 | 33.3% | 50.0% |
| 营业利润率 | 14.8% | 9.0% |
| 净利率 | — | 2.2% |
| 营收同比 | 15.1% | 2.0% |
| 净利润同比 | — | -79.7% |
| 每股收益（稀释后） | $0.82 | $0.24 |
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ATROCSGS
| Q4 25 | $240.1M | $323.1M | ||
| Q3 25 | $211.4M | $303.6M | ||
| Q2 25 | $204.7M | $297.1M | ||
| Q1 25 | $205.9M | $299.5M | ||
| Q4 24 | $208.5M | $316.7M | ||
| Q3 24 | $203.7M | $295.1M | ||
| Q2 24 | $198.1M | $290.3M | ||
| Q1 24 | $185.1M | $295.1M |
净利润ATROCSGS
| Q4 25 | — | $7.0M | ||
| Q3 25 | $-11.1M | $20.5M | ||
| Q2 25 | $1.3M | $12.3M | ||
| Q1 25 | $9.5M | $16.1M | ||
| Q4 24 | — | $34.5M | ||
| Q3 24 | $-11.7M | $19.1M | ||
| Q2 24 | $1.5M | $13.8M | ||
| Q1 24 | $-3.2M | $19.5M |
毛利率ATROCSGS
| Q4 25 | 33.3% | 50.0% | ||
| Q3 25 | 30.5% | 48.1% | ||
| Q2 25 | 25.8% | 49.5% | ||
| Q1 25 | 29.5% | 48.4% | ||
| Q4 24 | 29.8% | 51.3% | ||
| Q3 24 | 27.1% | 49.4% | ||
| Q2 24 | 28.0% | 47.3% | ||
| Q1 24 | 25.7% | 46.5% |
营业利润率ATROCSGS
| Q4 25 | 14.8% | 9.0% | ||
| Q3 25 | 10.9% | 10.0% | ||
| Q2 25 | 2.3% | 10.0% | ||
| Q1 25 | 6.4% | 9.8% | ||
| Q4 24 | 4.3% | 13.4% | ||
| Q3 24 | 4.1% | 10.8% | ||
| Q2 24 | 3.8% | 8.8% | ||
| Q1 24 | 0.9% | 10.8% |
净利率ATROCSGS
| Q4 25 | — | 2.2% | ||
| Q3 25 | -5.2% | 6.7% | ||
| Q2 25 | 0.6% | 4.1% | ||
| Q1 25 | 4.6% | 5.4% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | -5.8% | 6.5% | ||
| Q2 24 | 0.8% | 4.8% | ||
| Q1 24 | -1.7% | 6.6% |
每股收益（稀释后）ATROCSGS
| Q4 25 | $0.82 | $0.24 | ||
| Q3 25 | $-0.31 | $0.73 | ||
| Q2 25 | $0.04 | $0.44 | ||
| Q1 25 | $0.26 | $0.57 | ||
| Q4 24 | $-0.07 | $1.20 | ||
| Q3 24 | $-0.34 | $0.67 | ||
| Q2 24 | $0.04 | $0.48 | ||
| Q1 24 | $-0.09 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $140.1M | $283.7M |
| 总资产 | $706.7M | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ATROCSGS
| Q4 25 | $18.2M | $180.0M | ||
| Q3 25 | $13.5M | $158.4M | ||
| Q2 25 | $13.5M | $145.9M | ||
| Q1 25 | $24.8M | $136.0M | ||
| Q4 24 | $9.3M | $161.8M | ||
| Q3 24 | $5.2M | $118.4M | ||
| Q2 24 | $2.9M | $110.4M | ||
| Q1 24 | $5.3M | $120.8M |
总债务ATROCSGS
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益ATROCSGS
| Q4 25 | $140.1M | $283.7M | ||
| Q3 25 | $108.9M | $289.5M | ||
| Q2 25 | $271.6M | $290.7M | ||
| Q1 25 | $266.8M | $283.1M | ||
| Q4 24 | $256.1M | $282.6M | ||
| Q3 24 | $249.2M | $288.4M | ||
| Q2 24 | $257.9M | $273.3M | ||
| Q1 24 | $251.7M | $269.3M |
总资产ATROCSGS
| Q4 25 | $706.7M | $1.5B | ||
| Q3 25 | $682.2M | $1.5B | ||
| Q2 25 | $646.7M | $1.4B | ||
| Q1 25 | $662.2M | $1.4B | ||
| Q4 24 | $648.8M | $1.5B | ||
| Q3 24 | $651.6M | $1.4B | ||
| Q2 24 | $644.9M | $1.4B | ||
| Q1 24 | $630.0M | $1.3B |
负债/权益比ATROCSGS
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $55.8M |
| 自由现金流率自由现金流/营收 | 6.6% | 17.3% |
| 资本支出强度资本支出/营收 | 4.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | $43.1M | $141.4M |
8季度趋势，按日历期对齐
经营现金流ATROCSGS
| Q4 25 | $27.6M | $59.2M | ||
| Q3 25 | $34.2M | $47.9M | ||
| Q2 25 | $-7.6M | $37.3M | ||
| Q1 25 | $20.6M | $11.5M | ||
| Q4 24 | $26.4M | $82.5M | ||
| Q3 24 | $8.4M | $39.5M | ||
| Q2 24 | $-6.3M | $43.1M | ||
| Q1 24 | $2.0M | $-29.4M |
自由现金流ATROCSGS
| Q4 25 | $15.8M | $55.8M | ||
| Q3 25 | $21.0M | $43.9M | ||
| Q2 25 | $-12.2M | $34.6M | ||
| Q1 25 | $18.5M | $7.1M | ||
| Q4 24 | $23.2M | $76.6M | ||
| Q3 24 | $6.5M | $32.0M | ||
| Q2 24 | $-8.1M | $38.8M | ||
| Q1 24 | $439.0K | $-34.1M |
自由现金流率ATROCSGS
| Q4 25 | 6.6% | 17.3% | ||
| Q3 25 | 9.9% | 14.5% | ||
| Q2 25 | -6.0% | 11.6% | ||
| Q1 25 | 9.0% | 2.4% | ||
| Q4 24 | 11.1% | 24.2% | ||
| Q3 24 | 3.2% | 10.8% | ||
| Q2 24 | -4.1% | 13.4% | ||
| Q1 24 | 0.2% | -11.6% |
资本支出强度ATROCSGS
| Q4 25 | 4.9% | 1.1% | ||
| Q3 25 | 6.2% | 1.3% | ||
| Q2 25 | 2.2% | 0.9% | ||
| Q1 25 | 1.0% | 1.5% | ||
| Q4 24 | 1.5% | 1.9% | ||
| Q3 24 | 0.9% | 2.5% | ||
| Q2 24 | 0.9% | 1.5% | ||
| Q1 24 | 0.9% | 1.6% |
现金转化率ATROCSGS
| Q4 25 | — | 8.46× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | -5.81× | 3.04× | ||
| Q1 25 | 2.17× | 0.71× | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | -4.08× | 3.12× | ||
| Q1 24 | — | -1.51× |
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% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
