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ASTRONICS CORP（ATRO）与DUCOMMUN INC（DCO）财务数据对比。点击上方公司名可切换其他公司
ASTRONICS CORP的季度营收约是DUCOMMUN INC的1.1倍（$240.1M vs $215.8M）。ASTRONICS CORP同比增速更快（15.1% vs 9.4%）。ASTRONICS CORP自由现金流更多（$15.8M vs $-78.8M）。过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs 6.3%）
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。
杜科蒙是一家全球性航空航天与国防制造企业，主要供应复杂结构部件、电子系统，提供专业工程服务，覆盖商用航空、军事国防、航天领域客户，交付适用于关键航空航天场景的高可靠性解决方案。
ATRO vs DCO — 直观对比
营收规模更大
ATRO
是对方的1.1倍
$215.8M
营收增速更快
ATRO
高出5.7%
9.4%
自由现金流更多
ATRO
多$94.6M
$-78.8M
两年增速更快
ATRO
近两年复合增速
6.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $215.8M |
| 净利润 | — | $7.4M |
| 毛利率 | 33.3% | 27.7% |
| 营业利润率 | 14.8% | 6.5% |
| 净利率 | — | 3.4% |
| 营收同比 | 15.1% | 9.4% |
| 净利润同比 | — | 9.9% |
| 每股收益（稀释后） | $0.82 | $0.52 |
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ATRODCO
| Q4 25 | $240.1M | $215.8M | ||
| Q3 25 | $211.4M | $212.6M | ||
| Q2 25 | $204.7M | $202.3M | ||
| Q1 25 | $205.9M | $194.1M | ||
| Q4 24 | $208.5M | $197.3M | ||
| Q3 24 | $203.7M | $201.4M | ||
| Q2 24 | $198.1M | $197.0M | ||
| Q1 24 | $185.1M | $190.8M |
净利润ATRODCO
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-11.1M | $-64.4M | ||
| Q2 25 | $1.3M | $12.6M | ||
| Q1 25 | $9.5M | $10.5M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-11.7M | $10.1M | ||
| Q2 24 | $1.5M | $7.7M | ||
| Q1 24 | $-3.2M | $6.8M |
毛利率ATRODCO
| Q4 25 | 33.3% | 27.7% | ||
| Q3 25 | 30.5% | 26.6% | ||
| Q2 25 | 25.8% | 26.6% | ||
| Q1 25 | 29.5% | 26.6% | ||
| Q4 24 | 29.8% | 23.5% | ||
| Q3 24 | 27.1% | 26.2% | ||
| Q2 24 | 28.0% | 26.0% | ||
| Q1 24 | 25.7% | 24.6% |
营业利润率ATRODCO
| Q4 25 | 14.8% | 6.5% | ||
| Q3 25 | 10.9% | -37.7% | ||
| Q2 25 | 2.3% | 8.5% | ||
| Q1 25 | 6.4% | 8.5% | ||
| Q4 24 | 4.3% | 5.3% | ||
| Q3 24 | 4.1% | 7.6% | ||
| Q2 24 | 3.8% | 7.1% | ||
| Q1 24 | 0.9% | 6.6% |
净利率ATRODCO
| Q4 25 | — | 3.4% | ||
| Q3 25 | -5.2% | -30.3% | ||
| Q2 25 | 0.6% | 6.2% | ||
| Q1 25 | 4.6% | 5.4% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | -5.8% | 5.0% | ||
| Q2 24 | 0.8% | 3.9% | ||
| Q1 24 | -1.7% | 3.6% |
每股收益（稀释后）ATRODCO
| Q4 25 | $0.82 | $0.52 | ||
| Q3 25 | $-0.31 | $-4.30 | ||
| Q2 25 | $0.04 | $0.82 | ||
| Q1 25 | $0.26 | $0.69 | ||
| Q4 24 | $-0.07 | $0.45 | ||
| Q3 24 | $-0.34 | $0.67 | ||
| Q2 24 | $0.04 | $0.52 | ||
| Q1 24 | $-0.09 | $0.46 |
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 | $45.3M |
| 总债务越低越好 | — | $298.8M |
| 股东权益账面价值 | $140.1M | $662.1M |
| 总资产 | $706.7M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资ATRODCO
| Q4 25 | $18.2M | $45.3M | ||
| Q3 25 | $13.5M | $50.9M | ||
| Q2 25 | $13.5M | $37.1M | ||
| Q1 25 | $24.8M | $30.7M | ||
| Q4 24 | $9.3M | $37.1M | ||
| Q3 24 | $5.2M | $37.3M | ||
| Q2 24 | $2.9M | $29.4M | ||
| Q1 24 | $5.3M | $32.1M |
总债务ATRODCO
| Q4 25 | — | $298.8M | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $218.1M | ||
| Q1 25 | — | $229.9M | ||
| Q4 24 | — | $229.8M | ||
| Q3 24 | — | $246.0M | ||
| Q2 24 | — | $250.9M | ||
| Q1 24 | — | $253.9M |
股东权益ATRODCO
| Q4 25 | $140.1M | $662.1M | ||
| Q3 25 | $108.9M | $649.0M | ||
| Q2 25 | $271.6M | $707.8M | ||
| Q1 25 | $266.8M | $693.0M | ||
| Q4 24 | $256.1M | $682.5M | ||
| Q3 24 | $249.2M | $665.6M | ||
| Q2 24 | $257.9M | $655.9M | ||
| Q1 24 | $251.7M | $645.5M |
总资产ATRODCO
| Q4 25 | $706.7M | $1.2B | ||
| Q3 25 | $682.2M | $1.2B | ||
| Q2 25 | $646.7M | $1.1B | ||
| Q1 25 | $662.2M | $1.1B | ||
| Q4 24 | $648.8M | $1.1B | ||
| Q3 24 | $651.6M | $1.1B | ||
| Q2 24 | $644.9M | $1.1B | ||
| Q1 24 | $630.0M | $1.1B |
负债/权益比ATRODCO
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.39× |
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 | $-74.7M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $-78.8M |
| 自由现金流率自由现金流/营收 | 6.6% | -36.5% |
| 资本支出强度资本支出/营收 | 4.9% | 1.9% |
| 现金转化率经营现金流/净利润 | — | -10.03× |
| 过去12个月自由现金流最近4个季度 | $43.1M | $-48.6M |
8季度趋势，按日历期对齐
经营现金流ATRODCO
| Q4 25 | $27.6M | $-74.7M | ||
| Q3 25 | $34.2M | $18.1M | ||
| Q2 25 | $-7.6M | $22.4M | ||
| Q1 25 | $20.6M | $771.0K | ||
| Q4 24 | $26.4M | $18.4M | ||
| Q3 24 | $8.4M | $13.9M | ||
| Q2 24 | $-6.3M | $3.5M | ||
| Q1 24 | $2.0M | $-1.6M |
自由现金流ATRODCO
| Q4 25 | $15.8M | $-78.8M | ||
| Q3 25 | $21.0M | $16.0M | ||
| Q2 25 | $-12.2M | $18.1M | ||
| Q1 25 | $18.5M | $-4.0M | ||
| Q4 24 | $23.2M | $14.6M | ||
| Q3 24 | $6.5M | $12.0M | ||
| Q2 24 | $-8.1M | $144.0K | ||
| Q1 24 | $439.0K | $-6.6M |
自由现金流率ATRODCO
| Q4 25 | 6.6% | -36.5% | ||
| Q3 25 | 9.9% | 7.5% | ||
| Q2 25 | -6.0% | 9.0% | ||
| Q1 25 | 9.0% | -2.1% | ||
| Q4 24 | 11.1% | 7.4% | ||
| Q3 24 | 3.2% | 5.9% | ||
| Q2 24 | -4.1% | 0.1% | ||
| Q1 24 | 0.2% | -3.5% |
资本支出强度ATRODCO
| Q4 25 | 4.9% | 1.9% | ||
| Q3 25 | 6.2% | 1.0% | ||
| Q2 25 | 2.2% | 2.1% | ||
| Q1 25 | 1.0% | 2.5% | ||
| Q4 24 | 1.5% | 2.0% | ||
| Q3 24 | 0.9% | 1.0% | ||
| Q2 24 | 0.9% | 1.7% | ||
| Q1 24 | 0.9% | 2.6% |
现金转化率ATRODCO
| Q4 25 | — | -10.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | 1.79× | ||
| Q1 25 | 2.17× | 0.07× | ||
| Q4 24 | — | 2.72× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | -4.08× | 0.45× | ||
| Q1 24 | — | -0.24× |
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% |
DCO
| Other | $90.1M | 42% |
| Militaryand Space | $60.0M | 28% |
| Electronic Systems Segment | $31.3M | 15% |
| Commercial Aerospace | $24.8M | 11% |
| Estimate At Completion Adjustment | $6.6M | 3% |
| Industrial | $3.0M | 1% |
