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ASTRONICS CORP（ATRO）与RAYONIER ADVANCED MATERIALS INC.（RYAM）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是ASTRONICS CORP的1.7倍（$417.5M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs -1.2%），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
ATRO vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.7倍
$240.1M
营收增速更快
ATRO
高出16.3%
-1.2%
两年增速更快
ATRO
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $417.5M |
| 净利润 | — | $-21.1M |
| 毛利率 | 33.3% | 8.9% |
| 营业利润率 | 14.8% | 2.6% |
| 净利率 | — | -5.0% |
| 营收同比 | 15.1% | -1.2% |
| 净利润同比 | — | -31.9% |
| 每股收益（稀释后） | $0.82 | $-0.33 |
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ATRORYAM
| Q4 25 | $240.1M | $417.5M | ||
| Q3 25 | $211.4M | $352.8M | ||
| Q2 25 | $204.7M | $340.0M | ||
| Q1 25 | $205.9M | $356.0M | ||
| Q4 24 | $208.5M | $422.5M | ||
| Q3 24 | $203.7M | $401.1M | ||
| Q2 24 | $198.1M | $419.0M | ||
| Q1 24 | $185.1M | $387.7M |
净利润ATRORYAM
| Q4 25 | — | $-21.1M | ||
| Q3 25 | $-11.1M | $-4.5M | ||
| Q2 25 | $1.3M | $-363.2M | ||
| Q1 25 | $9.5M | $-32.0M | ||
| Q4 24 | — | $-16.0M | ||
| Q3 24 | $-11.7M | $-32.6M | ||
| Q2 24 | $1.5M | $11.4M | ||
| Q1 24 | $-3.2M | $-1.6M |
毛利率ATRORYAM
| Q4 25 | 33.3% | 8.9% | ||
| Q3 25 | 30.5% | 9.7% | ||
| Q2 25 | 25.8% | 7.0% | ||
| Q1 25 | 29.5% | 6.8% | ||
| Q4 24 | 29.8% | 8.7% | ||
| Q3 24 | 27.1% | 10.9% | ||
| Q2 24 | 28.0% | 11.5% | ||
| Q1 24 | 25.7% | 9.5% |
营业利润率ATRORYAM
| Q4 25 | 14.8% | 2.6% | ||
| Q3 25 | 10.9% | 2.8% | ||
| Q2 25 | 2.3% | -0.4% | ||
| Q1 25 | 6.4% | -4.2% | ||
| Q4 24 | 4.3% | 2.6% | ||
| Q3 24 | 4.1% | -4.2% | ||
| Q2 24 | 3.8% | 6.7% | ||
| Q1 24 | 0.9% | 4.4% |
净利率ATRORYAM
| Q4 25 | — | -5.0% | ||
| Q3 25 | -5.2% | -1.3% | ||
| Q2 25 | 0.6% | -106.8% | ||
| Q1 25 | 4.6% | -9.0% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | -5.8% | -8.1% | ||
| Q2 24 | 0.8% | 2.7% | ||
| Q1 24 | -1.7% | -0.4% |
每股收益（稀释后）ATRORYAM
| Q4 25 | $0.82 | $-0.33 | ||
| Q3 25 | $-0.31 | $-0.07 | ||
| Q2 25 | $0.04 | $-5.44 | ||
| Q1 25 | $0.26 | $-0.49 | ||
| Q4 24 | $-0.07 | $-0.25 | ||
| Q3 24 | $-0.34 | $-0.49 | ||
| Q2 24 | $0.04 | $0.17 | ||
| Q1 24 | $-0.09 | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $140.1M | $316.6M |
| 总资产 | $706.7M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资ATRORYAM
| Q4 25 | $18.2M | $75.4M | ||
| Q3 25 | $13.5M | $77.0M | ||
| Q2 25 | $13.5M | $70.7M | ||
| Q1 25 | $24.8M | $129.9M | ||
| Q4 24 | $9.3M | $125.2M | ||
| Q3 24 | $5.2M | $136.1M | ||
| Q2 24 | $2.9M | $114.1M | ||
| Q1 24 | $5.3M | $54.6M |
总债务ATRORYAM
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | — | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | — | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益ATRORYAM
| Q4 25 | $140.1M | $316.6M | ||
| Q3 25 | $108.9M | $338.2M | ||
| Q2 25 | $271.6M | $342.3M | ||
| Q1 25 | $266.8M | $688.1M | ||
| Q4 24 | $256.1M | $713.9M | ||
| Q3 24 | $249.2M | $732.7M | ||
| Q2 24 | $257.9M | $755.1M | ||
| Q1 24 | $251.7M | $741.8M |
总资产ATRORYAM
| Q4 25 | $706.7M | $1.8B | ||
| Q3 25 | $682.2M | $1.8B | ||
| Q2 25 | $646.7M | $1.8B | ||
| Q1 25 | $662.2M | $2.1B | ||
| Q4 24 | $648.8M | $2.1B | ||
| Q3 24 | $651.6M | $2.2B | ||
| Q2 24 | $644.9M | $2.2B | ||
| Q1 24 | $630.0M | $2.1B |
负债/权益比ATRORYAM
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.02× |
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 | $32.3M |
| 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 | — | — |
| 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ATRORYAM
| Q4 25 | $27.6M | $32.3M | ||
| Q3 25 | $34.2M | $-17.8M | ||
| Q2 25 | $-7.6M | $-30.2M | ||
| Q1 25 | $20.6M | $39.6M | ||
| Q4 24 | $26.4M | $54.9M | ||
| Q3 24 | $8.4M | $49.8M | ||
| Q2 24 | $-6.3M | $87.6M | ||
| Q1 24 | $2.0M | $11.3M |
自由现金流ATRORYAM
| 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ATRORYAM
| 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ATRORYAM
| 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ATRORYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.08× | 7.69× | ||
| 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% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
