vs
ASTRONICS CORP（ATRO）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是ASTRONICS CORP的1.1倍（$252.5M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $15.8M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
ATRO vs USAC — 直观对比
营收规模更大
USAC
是对方的1.1倍
$240.1M
营收增速更快
ATRO
高出12.4%
2.7%
自由现金流更多
USAC
多$71.9M
$15.8M
两年增速更快
ATRO
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.1M | $252.5M |
| 净利润 | — | $27.8M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 14.8% | 30.3% |
| 净利率 | — | 11.0% |
| 营收同比 | 15.1% | 2.7% |
| 净利润同比 | — | 9.1% |
| 每股收益（稀释后） | $0.82 | — |
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ATROUSAC
| Q4 25 | $240.1M | $252.5M | ||
| Q3 25 | $211.4M | $250.3M | ||
| Q2 25 | $204.7M | $250.1M | ||
| Q1 25 | $205.9M | $245.2M | ||
| Q4 24 | $208.5M | $245.9M | ||
| Q3 24 | $203.7M | $240.0M | ||
| Q2 24 | $198.1M | $235.3M | ||
| Q1 24 | $185.1M | $229.3M |
净利润ATROUSAC
| Q4 25 | — | $27.8M | ||
| Q3 25 | $-11.1M | $34.5M | ||
| Q2 25 | $1.3M | $28.6M | ||
| Q1 25 | $9.5M | $20.5M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | $-11.7M | $19.3M | ||
| Q2 24 | $1.5M | $31.2M | ||
| Q1 24 | $-3.2M | $23.6M |
毛利率ATROUSAC
| 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ATROUSAC
| Q4 25 | 14.8% | 30.3% | ||
| Q3 25 | 10.9% | 33.5% | ||
| Q2 25 | 2.3% | 30.6% | ||
| Q1 25 | 6.4% | 28.3% | ||
| Q4 24 | 4.3% | 30.3% | ||
| Q3 24 | 4.1% | 31.5% | ||
| Q2 24 | 3.8% | 32.9% | ||
| Q1 24 | 0.9% | 29.2% |
净利率ATROUSAC
| Q4 25 | — | 11.0% | ||
| Q3 25 | -5.2% | 13.8% | ||
| Q2 25 | 0.6% | 11.4% | ||
| Q1 25 | 4.6% | 8.4% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | -5.8% | 8.1% | ||
| Q2 24 | 0.8% | 13.3% | ||
| Q1 24 | -1.7% | 10.3% |
每股收益（稀释后）ATROUSAC
| Q4 25 | $0.82 | — | ||
| Q3 25 | $-0.31 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.34 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.09 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $140.1M | — |
| 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ATROUSAC
| Q4 25 | $18.2M | $8.6M | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $13.5M | $2.0K | ||
| Q1 25 | $24.8M | $2.0K | ||
| Q4 24 | $9.3M | $14.0K | ||
| Q3 24 | $5.2M | $79.0K | ||
| Q2 24 | $2.9M | $9.0K | ||
| Q1 24 | $5.3M | $8.0K |
总债务ATROUSAC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益ATROUSAC
| Q4 25 | $140.1M | — | ||
| Q3 25 | $108.9M | — | ||
| Q2 25 | $271.6M | — | ||
| Q1 25 | $266.8M | — | ||
| Q4 24 | $256.1M | — | ||
| Q3 24 | $249.2M | — | ||
| Q2 24 | $257.9M | — | ||
| Q1 24 | $251.7M | — |
总资产ATROUSAC
| Q4 25 | $706.7M | $2.6B | ||
| Q3 25 | $682.2M | $2.7B | ||
| Q2 25 | $646.7M | $2.7B | ||
| Q1 25 | $662.2M | $2.7B | ||
| Q4 24 | $648.8M | $2.7B | ||
| Q3 24 | $651.6M | $2.8B | ||
| Q2 24 | $644.9M | $2.8B | ||
| Q1 24 | $630.0M | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $87.7M |
| 自由现金流率自由现金流/营收 | 6.6% | 34.8% |
| 资本支出强度资本支出/营收 | 4.9% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $43.1M | $277.0M |
8季度趋势，按日历期对齐
经营现金流ATROUSAC
| Q4 25 | $27.6M | $139.5M | ||
| Q3 25 | $34.2M | $75.9M | ||
| Q2 25 | $-7.6M | $124.2M | ||
| Q1 25 | $20.6M | $54.7M | ||
| Q4 24 | $26.4M | $130.2M | ||
| Q3 24 | $8.4M | $48.5M | ||
| Q2 24 | $-6.3M | $96.7M | ||
| Q1 24 | $2.0M | $65.9M |
自由现金流ATROUSAC
| Q4 25 | $15.8M | $87.7M | ||
| Q3 25 | $21.0M | $51.9M | ||
| Q2 25 | $-12.2M | $101.1M | ||
| Q1 25 | $18.5M | $36.3M | ||
| Q4 24 | $23.2M | $101.2M | ||
| Q3 24 | $6.5M | $19.8M | ||
| Q2 24 | $-8.1M | $48.2M | ||
| Q1 24 | $439.0K | $-32.7M |
自由现金流率ATROUSAC
| Q4 25 | 6.6% | 34.8% | ||
| Q3 25 | 9.9% | 20.7% | ||
| Q2 25 | -6.0% | 40.4% | ||
| Q1 25 | 9.0% | 14.8% | ||
| Q4 24 | 11.1% | 41.1% | ||
| Q3 24 | 3.2% | 8.2% | ||
| Q2 24 | -4.1% | 20.5% | ||
| Q1 24 | 0.2% | -14.3% |
资本支出强度ATROUSAC
| Q4 25 | 4.9% | 20.5% | ||
| Q3 25 | 6.2% | 9.6% | ||
| Q2 25 | 2.2% | 9.3% | ||
| Q1 25 | 1.0% | 7.5% | ||
| Q4 24 | 1.5% | 11.8% | ||
| Q3 24 | 0.9% | 12.0% | ||
| Q2 24 | 0.9% | 20.6% | ||
| Q1 24 | 0.9% | 43.0% |
现金转化率ATROUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | -5.81× | 4.35× | ||
| Q1 25 | 2.17× | 2.66× | ||
| Q4 24 | — | 5.12× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | -4.08× | 3.10× | ||
| Q1 24 | — | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
