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AeroVironment Inc（AVAV）与达尔科技（DIOD）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是达尔科技的1.2倍（$472.5M vs $391.6M），达尔科技净利率更高（2.6% vs -3.6%，领先6.2%），AeroVironment Inc同比增速更快（181.9% vs 15.4%），达尔科技自由现金流更多（$12.4M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 13.9%）
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。
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
AVAV vs DIOD — 直观对比
营收规模更大
AVAV
是对方的1.2倍
$391.6M
营收增速更快
AVAV
高出166.5%
15.4%
净利率更高
DIOD
高出6.2%
-3.6%
自由现金流更多
DIOD
多$68.3M
$-55.9M
两年增速更快
AVAV
近两年复合增速
13.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $391.6M |
| 净利润 | $-17.1M | $10.2M |
| 毛利率 | 22.0% | 31.1% |
| 营业利润率 | -6.4% | 3.4% |
| 净利率 | -3.6% | 2.6% |
| 营收同比 | 181.9% | 15.4% |
| 净利润同比 | -875.1% | 23.8% |
| 每股收益（稀释后） | $-0.34 | $0.23 |
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AVAVDIOD
| Q4 25 | $472.5M | $391.6M | ||
| Q3 25 | $454.7M | $392.2M | ||
| Q2 25 | $275.1M | $366.2M | ||
| Q1 25 | $167.6M | $332.1M | ||
| Q4 24 | $188.5M | $339.3M | ||
| Q3 24 | $189.5M | $350.1M | ||
| Q2 24 | $197.0M | $319.8M | ||
| Q1 24 | $186.6M | $302.0M |
净利润AVAVDIOD
| Q4 25 | $-17.1M | $10.2M | ||
| Q3 25 | $-67.4M | $14.3M | ||
| Q2 25 | $16.7M | $46.1M | ||
| Q1 25 | $-1.8M | $-4.4M | ||
| Q4 24 | $7.5M | $8.2M | ||
| Q3 24 | $21.2M | $13.7M | ||
| Q2 24 | $6.0M | $8.0M | ||
| Q1 24 | $13.9M | $14.0M |
毛利率AVAVDIOD
| Q4 25 | 22.0% | 31.1% | ||
| Q3 25 | 20.9% | 30.7% | ||
| Q2 25 | 36.5% | 31.5% | ||
| Q1 25 | 37.7% | 31.5% | ||
| Q4 24 | 39.1% | 32.7% | ||
| Q3 24 | 43.0% | 33.7% | ||
| Q2 24 | 38.4% | 33.6% | ||
| Q1 24 | 36.1% | 33.0% |
营业利润率AVAVDIOD
| Q4 25 | -6.4% | 3.4% | ||
| Q3 25 | -15.2% | 3.0% | ||
| Q2 25 | 5.0% | 2.6% | ||
| Q1 25 | -1.8% | 0.4% | ||
| Q4 24 | 3.7% | 3.5% | ||
| Q3 24 | 12.2% | 6.2% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 7.7% | 4.3% |
净利率AVAVDIOD
| Q4 25 | -3.6% | 2.6% | ||
| Q3 25 | -14.8% | 3.6% | ||
| Q2 25 | 6.1% | 12.6% | ||
| Q1 25 | -1.0% | -1.3% | ||
| Q4 24 | 4.0% | 2.4% | ||
| Q3 24 | 11.2% | 3.9% | ||
| Q2 24 | 3.1% | 2.5% | ||
| Q1 24 | 7.4% | 4.6% |
每股收益（稀释后）AVAVDIOD
| Q4 25 | $-0.34 | $0.23 | ||
| Q3 25 | $-1.44 | $0.31 | ||
| Q2 25 | $0.59 | $0.99 | ||
| Q1 25 | $-0.06 | $-0.10 | ||
| Q4 24 | $0.27 | $0.18 | ||
| Q3 24 | $0.75 | $0.30 | ||
| Q2 24 | $0.18 | $0.17 | ||
| Q1 24 | $0.50 | $0.30 |
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 | $377.0M |
| 总债务越低越好 | $747.5M | $25.7M |
| 股东权益账面价值 | $4.4B | $1.9B |
| 总资产 | $5.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资AVAVDIOD
| Q4 25 | $588.5M | $377.0M | ||
| Q3 25 | $685.8M | $386.4M | ||
| Q2 25 | $40.9M | $327.3M | ||
| Q1 25 | $47.0M | $343.9M | ||
| Q4 24 | $69.0M | $316.1M | ||
| Q3 24 | $81.2M | $319.3M | ||
| Q2 24 | $73.3M | $273.9M | ||
| Q1 24 | $107.7M | $276.0M |
总债务AVAVDIOD
| Q4 25 | $747.5M | $25.7M | ||
| Q3 25 | $747.5M | $24.9M | ||
| Q2 25 | $30.0M | $26.4M | ||
| Q1 25 | $25.0M | $20.5M | ||
| Q4 24 | $15.0M | $20.7M | ||
| Q3 24 | $17.5M | $22.2M | ||
| Q2 24 | $28.0M | $20.3M | ||
| Q1 24 | $40.0M | $20.9M |
股东权益AVAVDIOD
| Q4 25 | $4.4B | $1.9B | ||
| Q3 25 | $4.4B | $1.9B | ||
| Q2 25 | $886.5M | $1.9B | ||
| Q1 25 | $861.1M | $1.8B | ||
| Q4 24 | $858.4M | $1.8B | ||
| Q3 24 | $845.5M | $1.8B | ||
| Q2 24 | $822.7M | $1.8B | ||
| Q1 24 | $813.0M | $1.7B |
总资产AVAVDIOD
| Q4 25 | $5.6B | $2.4B | ||
| Q3 25 | $5.6B | $2.5B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $999.2M | $2.4B | ||
| Q2 24 | $1.0B | $2.4B | ||
| Q1 24 | $980.3M | $2.4B |
负债/权益比AVAVDIOD
| Q4 25 | 0.17× | 0.01× | ||
| Q3 25 | 0.17× | 0.01× | ||
| Q2 25 | 0.03× | 0.01× | ||
| Q1 25 | 0.03× | 0.01× | ||
| Q4 24 | 0.02× | 0.01× | ||
| Q3 24 | 0.02× | 0.01× | ||
| Q2 24 | 0.03× | 0.01× | ||
| Q1 24 | 0.05× | 0.01× |
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 | $38.1M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $12.4M |
| 自由现金流率自由现金流/营收 | -11.8% | 3.2% |
| 资本支出强度资本支出/营收 | 2.3% | 6.6% |
| 现金转化率经营现金流/净利润 | — | 3.74× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $137.2M |
8季度趋势，按日历期对齐
经营现金流AVAVDIOD
| Q4 25 | $-45.1M | $38.1M | ||
| Q3 25 | $-123.7M | $79.1M | ||
| Q2 25 | $-264.0K | $41.5M | ||
| Q1 25 | $-25.8M | $56.7M | ||
| Q4 24 | $-3.6M | $81.8M | ||
| Q3 24 | $28.4M | $54.4M | ||
| Q2 24 | $-11.7M | $14.4M | ||
| Q1 24 | $52.6M | $-31.1M |
自由现金流AVAVDIOD
| Q4 25 | $-55.9M | $12.4M | ||
| Q3 25 | $-146.5M | $62.8M | ||
| Q2 25 | $-8.8M | $21.1M | ||
| Q1 25 | $-29.6M | $40.8M | ||
| Q4 24 | $-8.7M | $62.1M | ||
| Q3 24 | $22.9M | $39.4M | ||
| Q2 24 | $-20.8M | $-3.5M | ||
| Q1 24 | $48.8M | $-51.5M |
自由现金流率AVAVDIOD
| Q4 25 | -11.8% | 3.2% | ||
| Q3 25 | -32.2% | 16.0% | ||
| Q2 25 | -3.2% | 5.8% | ||
| Q1 25 | -17.7% | 12.3% | ||
| Q4 24 | -4.6% | 18.3% | ||
| Q3 24 | 12.1% | 11.2% | ||
| Q2 24 | -10.5% | -1.1% | ||
| Q1 24 | 26.1% | -17.1% |
资本支出强度AVAVDIOD
| Q4 25 | 2.3% | 6.6% | ||
| Q3 25 | 5.0% | 4.2% | ||
| Q2 25 | 3.1% | 5.6% | ||
| Q1 25 | 2.3% | 4.8% | ||
| Q4 24 | 2.7% | 5.8% | ||
| Q3 24 | 2.9% | 4.3% | ||
| Q2 24 | 4.6% | 5.6% | ||
| Q1 24 | 2.0% | 6.7% |
现金转化率AVAVDIOD
| Q4 25 | — | 3.74× | ||
| Q3 25 | — | 5.54× | ||
| Q2 25 | -0.02× | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | 9.93× | ||
| Q3 24 | 1.34× | 3.95× | ||
| Q2 24 | -1.93× | 1.80× | ||
| Q1 24 | 3.79× | -2.22× |
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% |
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
