vs
ASTRONICS CORP（ATRO）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是ASTRONICS CORP的1.1倍（$271.6M vs $240.1M），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 15.1%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $15.8M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
ATRO vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $271.6M |
| 净利润 | — | $48.8M |
| 毛利率 | 33.3% | 55.9% |
| 营业利润率 | 14.8% | 15.9% |
| 净利率 | — | 18.0% |
| 营收同比 | 15.1% | 24.5% |
| 净利润同比 | — | 129.1% |
| 每股收益（稀释后） | $0.82 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $240.1M | $261.2M | ||
| Q3 25 | $211.4M | $252.1M | ||
| Q2 25 | $204.7M | $235.9M | ||
| Q1 25 | $205.9M | $218.1M | ||
| Q4 24 | $208.5M | — | ||
| Q3 24 | $203.7M | $200.7M | ||
| Q2 24 | $198.1M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | — | $45.1M | ||
| Q3 25 | $-11.1M | $36.5M | ||
| Q2 25 | $1.3M | $31.7M | ||
| Q1 25 | $9.5M | $-167.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-11.7M | $29.4M | ||
| Q2 24 | $1.5M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | 33.3% | 54.5% | ||
| Q3 25 | 30.5% | 55.3% | ||
| Q2 25 | 25.8% | 55.2% | ||
| Q1 25 | 29.5% | 53.7% | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 27.1% | 54.7% | ||
| Q2 24 | 28.0% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 14.8% | 15.2% | ||
| Q3 25 | 10.9% | 14.9% | ||
| Q2 25 | 2.3% | 14.8% | ||
| Q1 25 | 6.4% | 8.0% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.1% | 13.7% | ||
| Q2 24 | 3.8% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | -5.2% | 14.5% | ||
| Q2 25 | 0.6% | 13.4% | ||
| Q1 25 | 4.6% | -76.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.8% | 14.7% | ||
| Q2 24 | 0.8% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.82 | $0.67 | ||
| Q3 25 | $-0.31 | $0.48 | ||
| Q2 25 | $0.04 | $0.42 | ||
| Q1 25 | $0.26 | $-2.30 | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.34 | $0.40 | ||
| Q2 24 | $0.04 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $140.1M | $1.4B |
| 总资产 | $706.7M | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $18.2M | $786.0M | ||
| Q3 25 | $13.5M | $735.2M | ||
| Q2 25 | $13.5M | $681.5M | ||
| Q1 25 | $24.8M | $656.5M | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $5.2M | $581.9M | ||
| Q2 24 | $2.9M | $521.5M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $140.1M | $1.3B | ||
| Q3 25 | $108.9M | $1.3B | ||
| Q2 25 | $271.6M | $1.2B | ||
| Q1 25 | $266.8M | $1.2B | ||
| Q4 24 | $256.1M | — | ||
| Q3 24 | $249.2M | $1.1B | ||
| Q2 24 | $257.9M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $706.7M | $2.1B | ||
| Q3 25 | $682.2M | $2.0B | ||
| Q2 25 | $646.7M | $1.9B | ||
| Q1 25 | $662.2M | $1.8B | ||
| Q4 24 | $648.8M | — | ||
| Q3 24 | $651.6M | $1.8B | ||
| Q2 24 | $644.9M | $1.7B |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $30.0M |
| 自由现金流率自由现金流/营收 | 6.6% | 11.0% |
| 资本支出强度资本支出/营收 | 4.9% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $43.1M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $27.6M | $69.6M | ||
| Q3 25 | $34.2M | $60.4M | ||
| Q2 25 | $-7.6M | $38.7M | ||
| Q1 25 | $20.6M | $66.7M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $8.4M | $62.3M | ||
| Q2 24 | $-6.3M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $15.8M | $49.4M | ||
| Q3 25 | $21.0M | $51.6M | ||
| Q2 25 | $-12.2M | $30.5M | ||
| Q1 25 | $18.5M | $61.3M | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $6.5M | $57.1M | ||
| Q2 24 | $-8.1M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 6.6% | 18.9% | ||
| Q3 25 | 9.9% | 20.5% | ||
| Q2 25 | -6.0% | 12.9% | ||
| Q1 25 | 9.0% | 28.1% | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 3.2% | 28.5% | ||
| Q2 24 | -4.1% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 4.9% | 7.7% | ||
| Q3 25 | 6.2% | 3.5% | ||
| Q2 25 | 2.2% | 3.5% | ||
| Q1 25 | 1.0% | 2.4% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.9% | 2.6% | ||
| Q2 24 | 0.9% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | -5.81× | 1.22× | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.12× | ||
| Q2 24 | -4.08× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
