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ASTRONICS CORP（ATRO）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是ASTRONICS CORP的1.9倍（$448.2M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs -1.1%），ASTRONICS CORP自由现金流更多（$15.8M vs $-20.6M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
ATRO vs PLAY — 直观对比
营收规模更大
PLAY
是对方的1.9倍
$240.1M
营收增速更快
ATRO
高出16.2%
-1.1%
自由现金流更多
ATRO
多$36.4M
$-20.6M
两年增速更快
ATRO
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $448.2M |
| 净利润 | — | $-42.1M |
| 毛利率 | 33.3% | 85.8% |
| 营业利润率 | 14.8% | -3.6% |
| 净利率 | — | -9.4% |
| 营收同比 | 15.1% | -1.1% |
| 净利润同比 | — | -28.7% |
| 每股收益（稀释后） | $0.82 | $-1.22 |
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ATROPLAY
| Q4 25 | $240.1M | $448.2M | ||
| Q3 25 | $211.4M | $557.4M | ||
| Q2 25 | $204.7M | $567.7M | ||
| Q1 25 | $205.9M | $534.5M | ||
| Q4 24 | $208.5M | $453.0M | ||
| Q3 24 | $203.7M | $557.1M | ||
| Q2 24 | $198.1M | $588.1M | ||
| Q1 24 | $185.1M | $599.0M |
净利润ATROPLAY
| Q4 25 | — | $-42.1M | ||
| Q3 25 | $-11.1M | $11.4M | ||
| Q2 25 | $1.3M | $21.7M | ||
| Q1 25 | $9.5M | $9.3M | ||
| Q4 24 | — | $-32.7M | ||
| Q3 24 | $-11.7M | $40.3M | ||
| Q2 24 | $1.5M | $41.4M | ||
| Q1 24 | $-3.2M | $36.1M |
毛利率ATROPLAY
| Q4 25 | 33.3% | 85.8% | ||
| Q3 25 | 30.5% | 86.3% | ||
| Q2 25 | 25.8% | 85.5% | ||
| Q1 25 | 29.5% | 85.5% | ||
| Q4 24 | 29.8% | 85.0% | ||
| Q3 24 | 27.1% | 85.3% | ||
| Q2 24 | 28.0% | 85.2% | ||
| Q1 24 | 25.7% | 84.1% |
营业利润率ATROPLAY
| Q4 25 | 14.8% | -3.6% | ||
| Q3 25 | 10.9% | 9.5% | ||
| Q2 25 | 2.3% | 11.1% | ||
| Q1 25 | 6.4% | 8.3% | ||
| Q4 24 | 4.3% | 1.4% | ||
| Q3 24 | 4.1% | 15.2% | ||
| Q2 24 | 3.8% | 14.5% | ||
| Q1 24 | 0.9% | 14.9% |
净利率ATROPLAY
| Q4 25 | — | -9.4% | ||
| Q3 25 | -5.2% | 2.0% | ||
| Q2 25 | 0.6% | 3.8% | ||
| Q1 25 | 4.6% | 1.7% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | -5.8% | 7.2% | ||
| Q2 24 | 0.8% | 7.0% | ||
| Q1 24 | -1.7% | 6.0% |
每股收益（稀释后）ATROPLAY
| Q4 25 | $0.82 | $-1.22 | ||
| Q3 25 | $-0.31 | $0.32 | ||
| Q2 25 | $0.04 | $0.62 | ||
| Q1 25 | $0.26 | $0.32 | ||
| Q4 24 | $-0.07 | $-0.84 | ||
| Q3 24 | $-0.34 | $0.99 | ||
| Q2 24 | $0.04 | $0.99 | ||
| Q1 24 | $-0.09 | $0.95 |
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 | $13.6M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $140.1M | $130.8M |
| 总资产 | $706.7M | $4.1B |
| 负债/权益比越低杠杆越低 | — | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资ATROPLAY
| Q4 25 | $18.2M | $13.6M | ||
| Q3 25 | $13.5M | $12.0M | ||
| Q2 25 | $13.5M | $11.9M | ||
| Q1 25 | $24.8M | $6.9M | ||
| Q4 24 | $9.3M | $8.6M | ||
| Q3 24 | $5.2M | $13.1M | ||
| Q2 24 | $2.9M | $32.1M | ||
| Q1 24 | $5.3M | $37.3M |
总债务ATROPLAY
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益ATROPLAY
| Q4 25 | $140.1M | $130.8M | ||
| Q3 25 | $108.9M | $166.2M | ||
| Q2 25 | $271.6M | $146.8M | ||
| Q1 25 | $266.8M | $145.8M | ||
| Q4 24 | $256.1M | $226.6M | ||
| Q3 24 | $249.2M | $284.4M | ||
| Q2 24 | $257.9M | $292.5M | ||
| Q1 24 | $251.7M | $251.2M |
总资产ATROPLAY
| Q4 25 | $706.7M | $4.1B | ||
| Q3 25 | $682.2M | $4.1B | ||
| Q2 25 | $646.7M | $4.1B | ||
| Q1 25 | $662.2M | $4.0B | ||
| Q4 24 | $648.8M | $3.9B | ||
| Q3 24 | $651.6M | $3.8B | ||
| Q2 24 | $644.9M | $3.8B | ||
| Q1 24 | $630.0M | $3.8B |
负债/权益比ATROPLAY
| Q4 25 | — | 12.17× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | — | 10.98× | ||
| Q1 25 | — | 10.45× | ||
| Q4 24 | — | 6.58× | ||
| Q3 24 | — | 4.72× | ||
| Q2 24 | — | 4.58× | ||
| Q1 24 | — | 5.33× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $-20.6M |
| 自由现金流率自由现金流/营收 | 6.6% | -4.6% |
| 资本支出强度资本支出/营收 | 4.9% | 17.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $43.1M | $-195.6M |
8季度趋势，按日历期对齐
经营现金流ATROPLAY
| Q4 25 | $27.6M | $58.0M | ||
| Q3 25 | $34.2M | $34.0M | ||
| Q2 25 | $-7.6M | $95.8M | ||
| Q1 25 | $20.6M | $108.9M | ||
| Q4 24 | $26.4M | $-7.2M | ||
| Q3 24 | $8.4M | $101.8M | ||
| Q2 24 | $-6.3M | $108.8M | ||
| Q1 24 | $2.0M | $97.2M |
自由现金流ATROPLAY
| Q4 25 | $15.8M | $-20.6M | ||
| Q3 25 | $21.0M | $-55.2M | ||
| Q2 25 | $-12.2M | $-58.8M | ||
| Q1 25 | $18.5M | $-61.0M | ||
| Q4 24 | $23.2M | $-138.4M | ||
| Q3 24 | $6.5M | $-14.3M | ||
| Q2 24 | $-8.1M | $-4.2M | ||
| Q1 24 | $439.0K | $-25.4M |
自由现金流率ATROPLAY
| Q4 25 | 6.6% | -4.6% | ||
| Q3 25 | 9.9% | -9.9% | ||
| Q2 25 | -6.0% | -10.4% | ||
| Q1 25 | 9.0% | -11.4% | ||
| Q4 24 | 11.1% | -30.6% | ||
| Q3 24 | 3.2% | -2.6% | ||
| Q2 24 | -4.1% | -0.7% | ||
| Q1 24 | 0.2% | -4.2% |
资本支出强度ATROPLAY
| Q4 25 | 4.9% | 17.5% | ||
| Q3 25 | 6.2% | 16.0% | ||
| Q2 25 | 2.2% | 27.2% | ||
| Q1 25 | 1.0% | 31.8% | ||
| Q4 24 | 1.5% | 29.0% | ||
| Q3 24 | 0.9% | 20.8% | ||
| Q2 24 | 0.9% | 19.2% | ||
| Q1 24 | 0.9% | 20.5% |
现金转化率ATROPLAY
| Q4 25 | — | — | ||
| Q3 25 | — | 2.98× | ||
| Q2 25 | -5.81× | 4.41× | ||
| Q1 25 | 2.17× | 11.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | -4.08× | 2.63× | ||
| Q1 24 | — | 2.69× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
