vs
AeroVironment Inc（AVAV）与CASELLA WASTE SYSTEMS INC（CWST）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CASELLA WASTE SYSTEMS INC的1.0倍（$472.5M vs $469.1M），CASELLA WASTE SYSTEMS INC净利率更高（-0.5% vs -3.6%，领先3.1%），AeroVironment Inc同比增速更快（181.9% vs 9.7%），CASELLA WASTE SYSTEMS INC自由现金流更多（$39.3M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 17.3%）
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。
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
AVAV vs CWST — 直观对比
营收规模更大
AVAV
是对方的1.0倍
$469.1M
营收增速更快
AVAV
高出172.1%
9.7%
净利率更高
CWST
高出3.1%
-3.6%
自由现金流更多
CWST
多$95.2M
$-55.9M
两年增速更快
AVAV
近两年复合增速
17.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $469.1M |
| 净利润 | $-17.1M | $-2.5M |
| 毛利率 | 22.0% | 33.3% |
| 营业利润率 | -6.4% | 2.5% |
| 净利率 | -3.6% | -0.5% |
| 营收同比 | 181.9% | 9.7% |
| 净利润同比 | -875.1% | -151.5% |
| 每股收益（稀释后） | $-0.34 | $-0.04 |
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AVAVCWST
| Q4 25 | $472.5M | $469.1M | ||
| Q3 25 | $454.7M | $485.4M | ||
| Q2 25 | $275.1M | $465.3M | ||
| Q1 25 | $167.6M | $417.1M | ||
| Q4 24 | $188.5M | $427.5M | ||
| Q3 24 | $189.5M | $411.6M | ||
| Q2 24 | $197.0M | $377.2M | ||
| Q1 24 | $186.6M | $341.0M |
净利润AVAVCWST
| Q4 25 | $-17.1M | $-2.5M | ||
| Q3 25 | $-67.4M | $10.0M | ||
| Q2 25 | $16.7M | $5.2M | ||
| Q1 25 | $-1.8M | $-4.8M | ||
| Q4 24 | $7.5M | $4.9M | ||
| Q3 24 | $21.2M | $5.8M | ||
| Q2 24 | $6.0M | $7.0M | ||
| Q1 24 | $13.9M | $-4.1M |
毛利率AVAVCWST
| Q4 25 | 22.0% | 33.3% | ||
| Q3 25 | 20.9% | 35.0% | ||
| Q2 25 | 36.5% | 33.8% | ||
| Q1 25 | 37.7% | 32.8% | ||
| Q4 24 | 39.1% | 33.2% | ||
| Q3 24 | 43.0% | 35.1% | ||
| Q2 24 | 38.4% | 35.4% | ||
| Q1 24 | 36.1% | 32.3% |
营业利润率AVAVCWST
| Q4 25 | -6.4% | 2.5% | ||
| Q3 25 | -15.2% | 6.1% | ||
| Q2 25 | 5.0% | 4.1% | ||
| Q1 25 | -1.8% | 0.8% | ||
| Q4 24 | 3.7% | 4.3% | ||
| Q3 24 | 12.2% | 5.9% | ||
| Q2 24 | 3.0% | 6.1% | ||
| Q1 24 | 7.7% | 2.0% |
净利率AVAVCWST
| Q4 25 | -3.6% | -0.5% | ||
| Q3 25 | -14.8% | 2.1% | ||
| Q2 25 | 6.1% | 1.1% | ||
| Q1 25 | -1.0% | -1.2% | ||
| Q4 24 | 4.0% | 1.1% | ||
| Q3 24 | 11.2% | 1.4% | ||
| Q2 24 | 3.1% | 1.9% | ||
| Q1 24 | 7.4% | -1.2% |
每股收益（稀释后）AVAVCWST
| Q4 25 | $-0.34 | $-0.04 | ||
| Q3 25 | $-1.44 | $0.16 | ||
| Q2 25 | $0.59 | $0.08 | ||
| Q1 25 | $-0.06 | $-0.08 | ||
| Q4 24 | $0.27 | $0.08 | ||
| Q3 24 | $0.75 | $0.10 | ||
| Q2 24 | $0.18 | $0.12 | ||
| Q1 24 | $0.50 | $-0.07 |
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 | $123.8M |
| 总债务越低越好 | $747.5M | $1.1B |
| 股东权益账面价值 | $4.4B | $1.6B |
| 总资产 | $5.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资AVAVCWST
| Q4 25 | $588.5M | $123.8M | ||
| Q3 25 | $685.8M | $192.7M | ||
| Q2 25 | $40.9M | $217.8M | ||
| Q1 25 | $47.0M | $267.7M | ||
| Q4 24 | $69.0M | $358.3M | ||
| Q3 24 | $81.2M | $519.0M | ||
| Q2 24 | $73.3M | $208.5M | ||
| Q1 24 | $107.7M | $189.5M |
总债务AVAVCWST
| Q4 25 | $747.5M | $1.1B | ||
| Q3 25 | $747.5M | $1.1B | ||
| Q2 25 | $30.0M | $1.1B | ||
| Q1 25 | $25.0M | $1.1B | ||
| Q4 24 | $15.0M | $1.1B | ||
| Q3 24 | $17.5M | $1.0B | ||
| Q2 24 | $28.0M | $976.6M | ||
| Q1 24 | $40.0M | $980.9M |
股东权益AVAVCWST
| Q4 25 | $4.4B | $1.6B | ||
| Q3 25 | $4.4B | $1.6B | ||
| Q2 25 | $886.5M | $1.6B | ||
| Q1 25 | $861.1M | $1.5B | ||
| Q4 24 | $858.4M | $1.6B | ||
| Q3 24 | $845.5M | $1.5B | ||
| Q2 24 | $822.7M | $1.0B | ||
| Q1 24 | $813.0M | $1.0B |
总资产AVAVCWST
| Q4 25 | $5.6B | $3.3B | ||
| Q3 25 | $5.6B | $3.3B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.0B | $3.2B | ||
| Q3 24 | $999.2M | $3.1B | ||
| Q2 24 | $1.0B | $2.5B | ||
| Q1 24 | $980.3M | $2.5B |
负债/权益比AVAVCWST
| Q4 25 | 0.17× | 0.72× | ||
| Q3 25 | 0.17× | 0.72× | ||
| Q2 25 | 0.03× | 0.72× | ||
| Q1 25 | 0.03× | 0.72× | ||
| Q4 24 | 0.02× | 0.70× | ||
| Q3 24 | 0.02× | 0.68× | ||
| Q2 24 | 0.03× | 0.94× | ||
| Q1 24 | 0.05× | 0.96× |
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 | $96.6M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $39.3M |
| 自由现金流率自由现金流/营收 | -11.8% | 8.4% |
| 资本支出强度资本支出/营收 | 2.3% | 12.2% |
| 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 | $-240.7M | $84.7M |
8季度趋势，按日历期对齐
经营现金流AVAVCWST
| Q4 25 | $-45.1M | $96.6M | ||
| Q3 25 | $-123.7M | $93.6M | ||
| Q2 25 | $-264.0K | $89.5M | ||
| Q1 25 | $-25.8M | $50.1M | ||
| Q4 24 | $-3.6M | $109.8M | ||
| Q3 24 | $28.4M | $91.8M | ||
| Q2 24 | $-11.7M | $72.1M | ||
| Q1 24 | $52.6M | $7.7M |
自由现金流AVAVCWST
| Q4 25 | $-55.9M | $39.3M | ||
| Q3 25 | $-146.5M | $27.6M | ||
| Q2 25 | $-8.8M | $23.1M | ||
| Q1 25 | $-29.6M | $-5.4M | ||
| Q4 24 | $-8.7M | $32.9M | ||
| Q3 24 | $22.9M | $40.4M | ||
| Q2 24 | $-20.8M | $27.5M | ||
| Q1 24 | $48.8M | $-22.6M |
自由现金流率AVAVCWST
| Q4 25 | -11.8% | 8.4% | ||
| Q3 25 | -32.2% | 5.7% | ||
| Q2 25 | -3.2% | 5.0% | ||
| Q1 25 | -17.7% | -1.3% | ||
| Q4 24 | -4.6% | 7.7% | ||
| Q3 24 | 12.1% | 9.8% | ||
| Q2 24 | -10.5% | 7.3% | ||
| Q1 24 | 26.1% | -6.6% |
资本支出强度AVAVCWST
| Q4 25 | 2.3% | 12.2% | ||
| Q3 25 | 5.0% | 13.6% | ||
| Q2 25 | 3.1% | 14.3% | ||
| Q1 25 | 2.3% | 13.3% | ||
| Q4 24 | 2.7% | 18.0% | ||
| Q3 24 | 2.9% | 12.5% | ||
| Q2 24 | 4.6% | 11.8% | ||
| Q1 24 | 2.0% | 8.9% |
现金转化率AVAVCWST
| Q4 25 | — | — | ||
| Q3 25 | — | 9.37× | ||
| Q2 25 | -0.02× | 17.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | 22.51× | ||
| Q3 24 | 1.34× | 15.91× | ||
| Q2 24 | -1.93× | 10.29× | ||
| Q1 24 | 3.79× | — |
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% |
CWST
| Transferred Over Time | $120.9M | 26% |
| Resource Solutions Region | $92.9M | 20% |
| Collection | $90.9M | 19% |
| Mid Atlantic Region | $89.6M | 19% |
| National Accounts | $60.9M | 13% |
| Landfill Revenue | $8.3M | 2% |
| Processing Services | $2.1M | 0% |
| Transportation | $1.4M | 0% |
