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ASTRONICS CORP（ATRO）与PLUG POWER INC（PLUG）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PLUG POWER INC的1.1倍（$240.1M vs $225.2M），PLUG POWER INC同比增速更快（17.6% vs 15.1%），ASTRONICS CORP自由现金流更多（$15.8M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
ATRO vs PLUG — 直观对比
营收规模更大
ATRO
是对方的1.1倍
$225.2M
营收增速更快
PLUG
高出2.5%
15.1%
自由现金流更多
ATRO
多$168.8M
$-153.0M
两年增速更快
PLUG
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $225.2M |
| 净利润 | — | $-846.0M |
| 毛利率 | 33.3% | 2.4% |
| 营业利润率 | 14.8% | -338.9% |
| 净利率 | — | -375.6% |
| 营收同比 | 15.1% | 17.6% |
| 净利润同比 | — | 36.7% |
| 每股收益（稀释后） | $0.82 | $-0.70 |
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ATROPLUG
| Q4 25 | $240.1M | $225.2M | ||
| Q3 25 | $211.4M | $177.1M | ||
| Q2 25 | $204.7M | $174.0M | ||
| Q1 25 | $205.9M | $133.7M | ||
| Q4 24 | $208.5M | $191.5M | ||
| Q3 24 | $203.7M | $173.7M | ||
| Q2 24 | $198.1M | $143.3M | ||
| Q1 24 | $185.1M | $120.3M |
净利润ATROPLUG
| Q4 25 | — | $-846.0M | ||
| Q3 25 | $-11.1M | $-361.9M | ||
| Q2 25 | $1.3M | $-227.1M | ||
| Q1 25 | $9.5M | $-196.7M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | $-11.7M | $-211.2M | ||
| Q2 24 | $1.5M | $-262.3M | ||
| Q1 24 | $-3.2M | $-295.8M |
毛利率ATROPLUG
| Q4 25 | 33.3% | 2.4% | ||
| Q3 25 | 30.5% | -67.9% | ||
| Q2 25 | 25.8% | -30.7% | ||
| Q1 25 | 29.5% | -55.3% | ||
| Q4 24 | 29.8% | -122.5% | ||
| Q3 24 | 27.1% | -57.6% | ||
| Q2 24 | 28.0% | -91.6% | ||
| Q1 24 | 25.7% | -132.3% |
营业利润率ATROPLUG
| Q4 25 | 14.8% | -338.9% | ||
| Q3 25 | 10.9% | -197.0% | ||
| Q2 25 | 2.3% | -101.7% | ||
| Q1 25 | 6.4% | -133.5% | ||
| Q4 24 | 4.3% | -678.7% | ||
| Q3 24 | 4.1% | -124.4% | ||
| Q2 24 | 3.8% | -170.7% | ||
| Q1 24 | 0.9% | -215.7% |
净利率ATROPLUG
| Q4 25 | — | -375.6% | ||
| Q3 25 | -5.2% | -204.4% | ||
| Q2 25 | 0.6% | -130.5% | ||
| Q1 25 | 4.6% | -147.1% | ||
| Q4 24 | — | -697.5% | ||
| Q3 24 | -5.8% | -121.5% | ||
| Q2 24 | 0.8% | -183.0% | ||
| Q1 24 | -1.7% | -245.9% |
每股收益（稀释后）ATROPLUG
| Q4 25 | $0.82 | $-0.70 | ||
| Q3 25 | $-0.31 | $-0.31 | ||
| Q2 25 | $0.04 | $-0.20 | ||
| Q1 25 | $0.26 | $-0.21 | ||
| Q4 24 | $-0.07 | $-1.61 | ||
| Q3 24 | $-0.34 | $-0.25 | ||
| Q2 24 | $0.04 | $-0.36 | ||
| 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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $140.1M | $978.1M |
| 总资产 | $706.7M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ATROPLUG
| Q4 25 | $18.2M | $368.5M | ||
| Q3 25 | $13.5M | $165.9M | ||
| Q2 25 | $13.5M | $140.7M | ||
| Q1 25 | $24.8M | $295.8M | ||
| Q4 24 | $9.3M | $205.7M | ||
| Q3 24 | $5.2M | $93.9M | ||
| Q2 24 | $2.9M | $62.4M | ||
| Q1 24 | $5.3M | $172.9M |
总债务ATROPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益ATROPLUG
| Q4 25 | $140.1M | $978.1M | ||
| Q3 25 | $108.9M | $1.4B | ||
| Q2 25 | $271.6M | $1.7B | ||
| Q1 25 | $266.8M | $1.9B | ||
| Q4 24 | $256.1M | $1.7B | ||
| Q3 24 | $249.2M | $3.0B | ||
| Q2 24 | $257.9M | $3.0B | ||
| Q1 24 | $251.7M | $2.9B |
总资产ATROPLUG
| Q4 25 | $706.7M | $2.6B | ||
| Q3 25 | $682.2M | $3.1B | ||
| Q2 25 | $646.7M | $3.4B | ||
| Q1 25 | $662.2M | $3.6B | ||
| Q4 24 | $648.8M | $3.6B | ||
| Q3 24 | $651.6M | $4.7B | ||
| Q2 24 | $644.9M | $4.8B | ||
| Q1 24 | $630.0M | $4.8B |
负债/权益比ATROPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $-153.0M |
| 自由现金流率自由现金流/营收 | 6.6% | -67.9% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $43.1M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流ATROPLUG
| Q4 25 | $27.6M | $-148.6M | ||
| Q3 25 | $34.2M | $-89.8M | ||
| Q2 25 | $-7.6M | $-191.8M | ||
| Q1 25 | $20.6M | $-105.6M | ||
| Q4 24 | $26.4M | $-131.2M | ||
| Q3 24 | $8.4M | $-174.9M | ||
| Q2 24 | $-6.3M | $-254.7M | ||
| Q1 24 | $2.0M | $-167.7M |
自由现金流ATROPLUG
| Q4 25 | $15.8M | $-153.0M | ||
| Q3 25 | $21.0M | $-117.5M | ||
| Q2 25 | $-12.2M | $-230.4M | ||
| Q1 25 | $18.5M | $-146.0M | ||
| Q4 24 | $23.2M | $-165.2M | ||
| Q3 24 | $6.5M | $-234.2M | ||
| Q2 24 | $-8.1M | $-356.0M | ||
| Q1 24 | $439.0K | $-260.3M |
自由现金流率ATROPLUG
| Q4 25 | 6.6% | -67.9% | ||
| Q3 25 | 9.9% | -66.4% | ||
| Q2 25 | -6.0% | -132.5% | ||
| Q1 25 | 9.0% | -109.2% | ||
| Q4 24 | 11.1% | -86.3% | ||
| Q3 24 | 3.2% | -134.8% | ||
| Q2 24 | -4.1% | -248.4% | ||
| Q1 24 | 0.2% | -216.5% |
资本支出强度ATROPLUG
| Q4 25 | 4.9% | 1.9% | ||
| Q3 25 | 6.2% | 15.6% | ||
| Q2 25 | 2.2% | 22.2% | ||
| Q1 25 | 1.0% | 30.3% | ||
| Q4 24 | 1.5% | 17.7% | ||
| Q3 24 | 0.9% | 34.1% | ||
| Q2 24 | 0.9% | 70.7% | ||
| Q1 24 | 0.9% | 77.0% |
现金转化率ATROPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.08× | — | ||
| Q1 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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
