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ASTRONICS CORP（ATRO）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是ASTRONICS CORP的1.1倍（$273.0M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs 9.0%），ASTRONICS CORP自由现金流更多（$15.8M vs $-157.1M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
ATRO vs FOR — 直观对比
营收规模更大
FOR
是对方的1.1倍
$240.1M
营收增速更快
ATRO
高出6.1%
9.0%
自由现金流更多
ATRO
多$172.9M
$-157.1M
两年增速更快
ATRO
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $273.0M |
| 净利润 | — | $15.4M |
| 毛利率 | 33.3% | 20.1% |
| 营业利润率 | 14.8% | 7.6% |
| 净利率 | — | 5.6% |
| 营收同比 | 15.1% | 9.0% |
| 净利润同比 | — | -6.7% |
| 每股收益（稀释后） | $0.82 | $0.30 |
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ATROFOR
| Q4 25 | $240.1M | $273.0M | ||
| Q3 25 | $211.4M | $670.5M | ||
| Q2 25 | $204.7M | $390.5M | ||
| Q1 25 | $205.9M | $351.0M | ||
| Q4 24 | $208.5M | $250.4M | ||
| Q3 24 | $203.7M | $551.3M | ||
| Q2 24 | $198.1M | $318.4M | ||
| Q1 24 | $185.1M | $333.8M |
净利润ATROFOR
| Q4 25 | — | $15.4M | ||
| Q3 25 | $-11.1M | $86.9M | ||
| Q2 25 | $1.3M | $32.9M | ||
| Q1 25 | $9.5M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $-11.7M | $81.5M | ||
| Q2 24 | $1.5M | $38.7M | ||
| Q1 24 | $-3.2M | $45.0M |
毛利率ATROFOR
| Q4 25 | 33.3% | 20.1% | ||
| Q3 25 | 30.5% | 22.3% | ||
| Q2 25 | 25.8% | 20.4% | ||
| Q1 25 | 29.5% | 22.6% | ||
| Q4 24 | 29.8% | 22.0% | ||
| Q3 24 | 27.1% | 23.9% | ||
| Q2 24 | 28.0% | 22.5% | ||
| Q1 24 | 25.7% | 24.9% |
营业利润率ATROFOR
| Q4 25 | 14.8% | 7.6% | ||
| Q3 25 | 10.9% | 16.9% | ||
| Q2 25 | 2.3% | 11.2% | ||
| Q1 25 | 6.4% | 11.6% | ||
| Q4 24 | 4.3% | 8.7% | ||
| Q3 24 | 4.1% | 19.7% | ||
| Q2 24 | 3.8% | 16.2% | ||
| Q1 24 | 0.9% | 17.6% |
净利率ATROFOR
| Q4 25 | — | 5.6% | ||
| Q3 25 | -5.2% | 13.0% | ||
| Q2 25 | 0.6% | 8.4% | ||
| Q1 25 | 4.6% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | -5.8% | 14.8% | ||
| Q2 24 | 0.8% | 12.2% | ||
| Q1 24 | -1.7% | 13.5% |
每股收益（稀释后）ATROFOR
| Q4 25 | $0.82 | $0.30 | ||
| Q3 25 | $-0.31 | $1.70 | ||
| Q2 25 | $0.04 | $0.65 | ||
| Q1 25 | $0.26 | $0.62 | ||
| Q4 24 | $-0.07 | $0.32 | ||
| Q3 24 | $-0.34 | $1.59 | ||
| Q2 24 | $0.04 | $0.76 | ||
| Q1 24 | $-0.09 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $140.1M | $1.8B |
| 总资产 | $706.7M | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ATROFOR
| Q4 25 | $18.2M | $211.7M | ||
| Q3 25 | $13.5M | $379.2M | ||
| Q2 25 | $13.5M | $189.2M | ||
| Q1 25 | $24.8M | $174.3M | ||
| Q4 24 | $9.3M | $132.0M | ||
| Q3 24 | $5.2M | $481.2M | ||
| Q2 24 | $2.9M | $359.2M | ||
| Q1 24 | $5.3M | $416.2M |
总债务ATROFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益ATROFOR
| Q4 25 | $140.1M | $1.8B | ||
| Q3 25 | $108.9M | $1.8B | ||
| Q2 25 | $271.6M | $1.7B | ||
| Q1 25 | $266.8M | $1.6B | ||
| Q4 24 | $256.1M | $1.6B | ||
| Q3 24 | $249.2M | $1.6B | ||
| Q2 24 | $257.9M | $1.5B | ||
| Q1 24 | $251.7M | $1.5B |
总资产ATROFOR
| Q4 25 | $706.7M | $3.2B | ||
| Q3 25 | $682.2M | $3.1B | ||
| Q2 25 | $646.7M | $3.1B | ||
| Q1 25 | $662.2M | $3.0B | ||
| Q4 24 | $648.8M | $3.0B | ||
| Q3 24 | $651.6M | $2.8B | ||
| Q2 24 | $644.9M | $2.7B | ||
| Q1 24 | $630.0M | $2.6B |
负债/权益比ATROFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $-157.1M |
| 自由现金流率自由现金流/营收 | 6.6% | -57.5% |
| 资本支出强度资本支出/营收 | 4.9% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $43.1M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ATROFOR
| Q4 25 | $27.6M | $-157.0M | ||
| Q3 25 | $34.2M | $256.3M | ||
| Q2 25 | $-7.6M | $15.8M | ||
| Q1 25 | $20.6M | $-19.8M | ||
| Q4 24 | $26.4M | $-450.0M | ||
| Q3 24 | $8.4M | $119.2M | ||
| Q2 24 | $-6.3M | $-61.7M | ||
| Q1 24 | $2.0M | $-59.2M |
自由现金流ATROFOR
| Q4 25 | $15.8M | $-157.1M | ||
| Q3 25 | $21.0M | $255.6M | ||
| Q2 25 | $-12.2M | $15.0M | ||
| Q1 25 | $18.5M | $-20.5M | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $6.5M | $118.4M | ||
| Q2 24 | $-8.1M | $-62.3M | ||
| Q1 24 | $439.0K | $-59.8M |
自由现金流率ATROFOR
| Q4 25 | 6.6% | -57.5% | ||
| Q3 25 | 9.9% | 38.1% | ||
| Q2 25 | -6.0% | 3.8% | ||
| Q1 25 | 9.0% | -5.8% | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 3.2% | 21.5% | ||
| Q2 24 | -4.1% | -19.6% | ||
| Q1 24 | 0.2% | -17.9% |
资本支出强度ATROFOR
| Q4 25 | 4.9% | 0.0% | ||
| Q3 25 | 6.2% | 0.1% | ||
| Q2 25 | 2.2% | 0.2% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 1.5% | 0.0% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.9% | 0.2% | ||
| Q1 24 | 0.9% | 0.2% |
现金转化率ATROFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | -5.81× | 0.48× | ||
| Q1 25 | 2.17× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | -4.08× | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
