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AeroVironment Inc（AVAV）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是南玻集团的1.5倍（$472.5M vs $323.1M），南玻集团净利率更高（2.2% vs -3.6%，领先5.8%），AeroVironment Inc同比增速更快（181.9% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 4.6%）
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
AVAV vs CSGS — 直观对比
营收规模更大
AVAV
是对方的1.5倍
$323.1M
营收增速更快
AVAV
高出179.8%
2.0%
净利率更高
CSGS
高出5.8%
-3.6%
自由现金流更多
CSGS
多$111.7M
$-55.9M
两年增速更快
AVAV
近两年复合增速
4.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $323.1M |
| 净利润 | $-17.1M | $7.0M |
| 毛利率 | 22.0% | 50.0% |
| 营业利润率 | -6.4% | 9.0% |
| 净利率 | -3.6% | 2.2% |
| 营收同比 | 181.9% | 2.0% |
| 净利润同比 | -875.1% | -79.7% |
| 每股收益（稀释后） | $-0.34 | $0.24 |
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AVAVCSGS
| Q4 25 | $472.5M | $323.1M | ||
| Q3 25 | $454.7M | $303.6M | ||
| Q2 25 | $275.1M | $297.1M | ||
| Q1 25 | $167.6M | $299.5M | ||
| Q4 24 | $188.5M | $316.7M | ||
| Q3 24 | $189.5M | $295.1M | ||
| Q2 24 | $197.0M | $290.3M | ||
| Q1 24 | $186.6M | $295.1M |
净利润AVAVCSGS
| Q4 25 | $-17.1M | $7.0M | ||
| Q3 25 | $-67.4M | $20.5M | ||
| Q2 25 | $16.7M | $12.3M | ||
| Q1 25 | $-1.8M | $16.1M | ||
| Q4 24 | $7.5M | $34.5M | ||
| Q3 24 | $21.2M | $19.1M | ||
| Q2 24 | $6.0M | $13.8M | ||
| Q1 24 | $13.9M | $19.5M |
毛利率AVAVCSGS
| Q4 25 | 22.0% | 50.0% | ||
| Q3 25 | 20.9% | 48.1% | ||
| Q2 25 | 36.5% | 49.5% | ||
| Q1 25 | 37.7% | 48.4% | ||
| Q4 24 | 39.1% | 51.3% | ||
| Q3 24 | 43.0% | 49.4% | ||
| Q2 24 | 38.4% | 47.3% | ||
| Q1 24 | 36.1% | 46.5% |
营业利润率AVAVCSGS
| Q4 25 | -6.4% | 9.0% | ||
| Q3 25 | -15.2% | 10.0% | ||
| Q2 25 | 5.0% | 10.0% | ||
| Q1 25 | -1.8% | 9.8% | ||
| Q4 24 | 3.7% | 13.4% | ||
| Q3 24 | 12.2% | 10.8% | ||
| Q2 24 | 3.0% | 8.8% | ||
| Q1 24 | 7.7% | 10.8% |
净利率AVAVCSGS
| Q4 25 | -3.6% | 2.2% | ||
| Q3 25 | -14.8% | 6.7% | ||
| Q2 25 | 6.1% | 4.1% | ||
| Q1 25 | -1.0% | 5.4% | ||
| Q4 24 | 4.0% | 10.9% | ||
| Q3 24 | 11.2% | 6.5% | ||
| Q2 24 | 3.1% | 4.8% | ||
| Q1 24 | 7.4% | 6.6% |
每股收益（稀释后）AVAVCSGS
| Q4 25 | $-0.34 | $0.24 | ||
| Q3 25 | $-1.44 | $0.73 | ||
| Q2 25 | $0.59 | $0.44 | ||
| Q1 25 | $-0.06 | $0.57 | ||
| Q4 24 | $0.27 | $1.20 | ||
| Q3 24 | $0.75 | $0.67 | ||
| Q2 24 | $0.18 | $0.48 | ||
| Q1 24 | $0.50 | $0.68 |
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 | $588.5M | $180.0M |
| 总债务越低越好 | $747.5M | $539.5M |
| 股东权益账面价值 | $4.4B | $283.7M |
| 总资产 | $5.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资AVAVCSGS
| Q4 25 | $588.5M | $180.0M | ||
| Q3 25 | $685.8M | $158.4M | ||
| Q2 25 | $40.9M | $145.9M | ||
| Q1 25 | $47.0M | $136.0M | ||
| Q4 24 | $69.0M | $161.8M | ||
| Q3 24 | $81.2M | $118.4M | ||
| Q2 24 | $73.3M | $110.4M | ||
| Q1 24 | $107.7M | $120.8M |
总债务AVAVCSGS
| Q4 25 | $747.5M | $539.5M | ||
| Q3 25 | $747.5M | $538.6M | ||
| Q2 25 | $30.0M | $537.8M | ||
| Q1 25 | $25.0M | $537.6M | ||
| Q4 24 | $15.0M | $538.5M | ||
| Q3 24 | $17.5M | $539.5M | ||
| Q2 24 | $28.0M | $540.5M | ||
| Q1 24 | $40.0M | $541.5M |
股东权益AVAVCSGS
| Q4 25 | $4.4B | $283.7M | ||
| Q3 25 | $4.4B | $289.5M | ||
| Q2 25 | $886.5M | $290.7M | ||
| Q1 25 | $861.1M | $283.1M | ||
| Q4 24 | $858.4M | $282.6M | ||
| Q3 24 | $845.5M | $288.4M | ||
| Q2 24 | $822.7M | $273.3M | ||
| Q1 24 | $813.0M | $269.3M |
总资产AVAVCSGS
| Q4 25 | $5.6B | $1.5B | ||
| Q3 25 | $5.6B | $1.5B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $999.2M | $1.4B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $980.3M | $1.3B |
负债/权益比AVAVCSGS
| Q4 25 | 0.17× | 1.90× | ||
| Q3 25 | 0.17× | 1.86× | ||
| Q2 25 | 0.03× | 1.85× | ||
| Q1 25 | 0.03× | 1.90× | ||
| Q4 24 | 0.02× | 1.91× | ||
| Q3 24 | 0.02× | 1.87× | ||
| Q2 24 | 0.03× | 1.98× | ||
| Q1 24 | 0.05× | 2.01× |
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 | $-45.1M | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $55.8M |
| 自由现金流率自由现金流/营收 | -11.8% | 17.3% |
| 资本支出强度资本支出/营收 | 2.3% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $141.4M |
8季度趋势，按日历期对齐
经营现金流AVAVCSGS
| Q4 25 | $-45.1M | $59.2M | ||
| Q3 25 | $-123.7M | $47.9M | ||
| Q2 25 | $-264.0K | $37.3M | ||
| Q1 25 | $-25.8M | $11.5M | ||
| Q4 24 | $-3.6M | $82.5M | ||
| Q3 24 | $28.4M | $39.5M | ||
| Q2 24 | $-11.7M | $43.1M | ||
| Q1 24 | $52.6M | $-29.4M |
自由现金流AVAVCSGS
| Q4 25 | $-55.9M | $55.8M | ||
| Q3 25 | $-146.5M | $43.9M | ||
| Q2 25 | $-8.8M | $34.6M | ||
| Q1 25 | $-29.6M | $7.1M | ||
| Q4 24 | $-8.7M | $76.6M | ||
| Q3 24 | $22.9M | $32.0M | ||
| Q2 24 | $-20.8M | $38.8M | ||
| Q1 24 | $48.8M | $-34.1M |
自由现金流率AVAVCSGS
| Q4 25 | -11.8% | 17.3% | ||
| Q3 25 | -32.2% | 14.5% | ||
| Q2 25 | -3.2% | 11.6% | ||
| Q1 25 | -17.7% | 2.4% | ||
| Q4 24 | -4.6% | 24.2% | ||
| Q3 24 | 12.1% | 10.8% | ||
| Q2 24 | -10.5% | 13.4% | ||
| Q1 24 | 26.1% | -11.6% |
资本支出强度AVAVCSGS
| Q4 25 | 2.3% | 1.1% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 2.3% | 1.5% | ||
| Q4 24 | 2.7% | 1.9% | ||
| Q3 24 | 2.9% | 2.5% | ||
| Q2 24 | 4.6% | 1.5% | ||
| Q1 24 | 2.0% | 1.6% |
现金转化率AVAVCSGS
| Q4 25 | — | 8.46× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | -0.02× | 3.04× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | -0.48× | 2.39× | ||
| Q3 24 | 1.34× | 2.07× | ||
| Q2 24 | -1.93× | 3.12× | ||
| Q1 24 | 3.79× | -1.51× |
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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
