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ASTRONICS CORP（ATRO）与H2O AMERICA（HTO）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H2O AMERICA的1.2倍（$240.1M vs $199.4M），ASTRONICS CORP同比增速更快（15.1% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 13.9%）
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。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
ATRO vs HTO — 直观对比
营收规模更大
ATRO
是对方的1.2倍
$199.4M
营收增速更快
ATRO
高出13.6%
1.5%
两年增速更快
HTO
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $199.4M |
| 净利润 | — | $16.2M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 14.8% | 16.6% |
| 净利率 | — | 8.1% |
| 营收同比 | 15.1% | 1.5% |
| 净利润同比 | — | -29.2% |
| 每股收益（稀释后） | $0.82 | $0.45 |
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ATROHTO
| Q4 25 | $240.1M | $199.4M | ||
| Q3 25 | $211.4M | $243.5M | ||
| Q2 25 | $204.7M | $197.8M | ||
| Q1 25 | $205.9M | $164.9M | ||
| Q4 24 | $208.5M | $196.5M | ||
| Q3 24 | $203.7M | $216.7M | ||
| Q2 24 | $198.1M | $173.1M | ||
| Q1 24 | $185.1M | $150.0M |
净利润ATROHTO
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-11.1M | $45.1M | ||
| Q2 25 | $1.3M | $24.7M | ||
| Q1 25 | $9.5M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $-11.7M | $38.7M | ||
| Q2 24 | $1.5M | $20.7M | ||
| Q1 24 | $-3.2M | $11.7M |
毛利率ATROHTO
| Q4 25 | 33.3% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 25.8% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 28.0% | — | ||
| Q1 24 | 25.7% | — |
营业利润率ATROHTO
| Q4 25 | 14.8% | 16.6% | ||
| Q3 25 | 10.9% | 26.5% | ||
| Q2 25 | 2.3% | 22.2% | ||
| Q1 25 | 6.4% | 21.8% | ||
| Q4 24 | 4.3% | 22.2% | ||
| Q3 24 | 4.1% | 26.9% | ||
| Q2 24 | 3.8% | 23.4% | ||
| Q1 24 | 0.9% | 18.6% |
净利率ATROHTO
| Q4 25 | — | 8.1% | ||
| Q3 25 | -5.2% | 18.5% | ||
| Q2 25 | 0.6% | 12.5% | ||
| Q1 25 | 4.6% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -5.8% | 17.8% | ||
| Q2 24 | 0.8% | 12.0% | ||
| Q1 24 | -1.7% | 7.8% |
每股收益（稀释后）ATROHTO
| Q4 25 | $0.82 | $0.45 | ||
| Q3 25 | $-0.31 | $1.27 | ||
| Q2 25 | $0.04 | $0.71 | ||
| Q1 25 | $0.26 | $0.49 | ||
| Q4 24 | $-0.07 | $0.70 | ||
| Q3 24 | $-0.34 | $1.17 | ||
| Q2 24 | $0.04 | $0.64 | ||
| Q1 24 | $-0.09 | $0.36 |
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 | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $140.1M | $1.5B |
| 总资产 | $706.7M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ATROHTO
| Q4 25 | $18.2M | $20.7M | ||
| Q3 25 | $13.5M | $11.3M | ||
| Q2 25 | $13.5M | $19.8M | ||
| Q1 25 | $24.8M | $23.7M | ||
| Q4 24 | $9.3M | $11.1M | ||
| Q3 24 | $5.2M | $4.0M | ||
| Q2 24 | $2.9M | $22.8M | ||
| Q1 24 | $5.3M | $4.5M |
总债务ATROHTO
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ATROHTO
| Q4 25 | $140.1M | $1.5B | ||
| Q3 25 | $108.9M | $1.5B | ||
| Q2 25 | $271.6M | $1.5B | ||
| Q1 25 | $266.8M | $1.4B | ||
| Q4 24 | $256.1M | $1.4B | ||
| Q3 24 | $249.2M | $1.3B | ||
| Q2 24 | $257.9M | $1.3B | ||
| Q1 24 | $251.7M | $1.2B |
总资产ATROHTO
| Q4 25 | $706.7M | $5.1B | ||
| Q3 25 | $682.2M | $5.0B | ||
| Q2 25 | $646.7M | $4.8B | ||
| Q1 25 | $662.2M | $4.7B | ||
| Q4 24 | $648.8M | $4.7B | ||
| Q3 24 | $651.6M | $4.6B | ||
| Q2 24 | $644.9M | $4.4B | ||
| Q1 24 | $630.0M | $4.4B |
负债/权益比ATROHTO
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.5M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 4.9% | — |
| 现金转化率经营现金流/净利润 | — | 3.92× |
| 过去12个月自由现金流最近4个季度 | $43.1M | — |
8季度趋势，按日历期对齐
经营现金流ATROHTO
| Q4 25 | $27.6M | $63.5M | ||
| Q3 25 | $34.2M | $77.3M | ||
| Q2 25 | $-7.6M | $60.8M | ||
| Q1 25 | $20.6M | $43.2M | ||
| Q4 24 | $26.4M | $41.5M | ||
| Q3 24 | $8.4M | $53.5M | ||
| Q2 24 | $-6.3M | $49.3M | ||
| Q1 24 | $2.0M | $51.2M |
自由现金流ATROHTO
| Q4 25 | $15.8M | — | ||
| Q3 25 | $21.0M | — | ||
| Q2 25 | $-12.2M | — | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $-8.1M | — | ||
| Q1 24 | $439.0K | — |
自由现金流率ATROHTO
| Q4 25 | 6.6% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | -6.0% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | -4.1% | — | ||
| Q1 24 | 0.2% | — |
资本支出强度ATROHTO
| Q4 25 | 4.9% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.9% | — |
现金转化率ATROHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | -5.81× | 2.47× | ||
| Q1 25 | 2.17× | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | -4.08× | 2.38× | ||
| Q1 24 | — | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
