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AeroVironment Inc（AVAV）与DigitalOcean Holdings, Inc.（DOCN）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DigitalOcean Holdings, Inc.的1.9倍（$472.5M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -3.6%，领先14.2%），AeroVironment Inc同比增速更快（181.9% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 14.5%）
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。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
AVAV vs DOCN — 直观对比
营收规模更大
AVAV
是对方的1.9倍
$242.4M
营收增速更快
AVAV
高出163.6%
18.3%
净利率更高
DOCN
高出14.2%
-3.6%
自由现金流更多
DOCN
多$87.0M
$-55.9M
两年增速更快
AVAV
近两年复合增速
14.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $242.4M |
| 净利润 | $-17.1M | $25.7M |
| 毛利率 | 22.0% | 58.7% |
| 营业利润率 | -6.4% | 16.0% |
| 净利率 | -3.6% | 10.6% |
| 营收同比 | 181.9% | 18.3% |
| 净利润同比 | -875.1% | 40.5% |
| 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AVAVDOCN
| Q4 25 | $472.5M | $242.4M | ||
| Q3 25 | $454.7M | $229.6M | ||
| Q2 25 | $275.1M | $218.7M | ||
| Q1 25 | $167.6M | $210.7M | ||
| Q4 24 | $188.5M | $204.9M | ||
| Q3 24 | $189.5M | $198.5M | ||
| Q2 24 | $197.0M | $192.5M | ||
| Q1 24 | $186.6M | $184.7M |
净利润AVAVDOCN
| Q4 25 | $-17.1M | $25.7M | ||
| Q3 25 | $-67.4M | $158.4M | ||
| Q2 25 | $16.7M | $37.0M | ||
| Q1 25 | $-1.8M | $38.2M | ||
| Q4 24 | $7.5M | $18.3M | ||
| Q3 24 | $21.2M | $32.9M | ||
| Q2 24 | $6.0M | $19.1M | ||
| Q1 24 | $13.9M | $14.1M |
毛利率AVAVDOCN
| Q4 25 | 22.0% | 58.7% | ||
| Q3 25 | 20.9% | 59.6% | ||
| Q2 25 | 36.5% | 59.9% | ||
| Q1 25 | 37.7% | 61.4% | ||
| Q4 24 | 39.1% | 57.1% | ||
| Q3 24 | 43.0% | 60.2% | ||
| Q2 24 | 38.4% | 61.0% | ||
| Q1 24 | 36.1% | 60.7% |
营业利润率AVAVDOCN
| Q4 25 | -6.4% | 16.0% | ||
| Q3 25 | -15.2% | 19.6% | ||
| Q2 25 | 5.0% | 16.3% | ||
| Q1 25 | -1.8% | 17.9% | ||
| Q4 24 | 3.7% | 15.9% | ||
| Q3 24 | 12.2% | 12.4% | ||
| Q2 24 | 3.0% | 11.6% | ||
| Q1 24 | 7.7% | 6.2% |
净利率AVAVDOCN
| Q4 25 | -3.6% | 10.6% | ||
| Q3 25 | -14.8% | 69.0% | ||
| Q2 25 | 6.1% | 16.9% | ||
| Q1 25 | -1.0% | 18.1% | ||
| Q4 24 | 4.0% | 8.9% | ||
| Q3 24 | 11.2% | 16.6% | ||
| Q2 24 | 3.1% | 9.9% | ||
| Q1 24 | 7.4% | 7.7% |
每股收益（稀释后）AVAVDOCN
| Q4 25 | $-0.34 | $0.23 | ||
| Q3 25 | $-1.44 | $1.51 | ||
| Q2 25 | $0.59 | $0.39 | ||
| Q1 25 | $-0.06 | $0.39 | ||
| Q4 24 | $0.27 | $0.21 | ||
| Q3 24 | $0.75 | $0.33 | ||
| Q2 24 | $0.18 | $0.20 | ||
| Q1 24 | $0.50 | $0.15 |
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 | $254.5M |
| 总债务越低越好 | $747.5M | $1.3B |
| 股东权益账面价值 | $4.4B | $-28.7M |
| 总资产 | $5.6B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AVAVDOCN
| Q4 25 | $588.5M | $254.5M | ||
| Q3 25 | $685.8M | $236.6M | ||
| Q2 25 | $40.9M | $387.7M | ||
| Q1 25 | $47.0M | $360.4M | ||
| Q4 24 | $69.0M | $428.4M | ||
| Q3 24 | $81.2M | $439.9M | ||
| Q2 24 | $73.3M | $443.1M | ||
| Q1 24 | $107.7M | $419.1M |
总债务AVAVDOCN
| Q4 25 | $747.5M | $1.3B | ||
| Q3 25 | $747.5M | $1.3B | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | $1.5B | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
股东权益AVAVDOCN
| Q4 25 | $4.4B | $-28.7M | ||
| Q3 25 | $4.4B | $-69.6M | ||
| Q2 25 | $886.5M | $-175.2M | ||
| Q1 25 | $861.1M | $-210.7M | ||
| Q4 24 | $858.4M | $-203.0M | ||
| Q3 24 | $845.5M | $-211.7M | ||
| Q2 24 | $822.7M | $-253.8M | ||
| Q1 24 | $813.0M | $-286.1M |
总资产AVAVDOCN
| Q4 25 | $5.6B | $1.8B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $999.2M | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $980.3M | $1.5B |
负债/权益比AVAVDOCN
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.05× | — |
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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $31.1M |
| 自由现金流率自由现金流/营收 | -11.8% | 12.8% |
| 资本支出强度资本支出/营收 | 2.3% | 10.8% |
| 现金转化率经营现金流/净利润 | — | 2.23× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $180.5M |
8季度趋势，按日历期对齐
经营现金流AVAVDOCN
| Q4 25 | $-45.1M | $57.3M | ||
| Q3 25 | $-123.7M | $95.8M | ||
| Q2 25 | $-264.0K | $92.4M | ||
| Q1 25 | $-25.8M | $64.1M | ||
| Q4 24 | $-3.6M | $71.3M | ||
| Q3 24 | $28.4M | $73.4M | ||
| Q2 24 | $-11.7M | $71.3M | ||
| Q1 24 | $52.6M | $66.7M |
自由现金流AVAVDOCN
| Q4 25 | $-55.9M | $31.1M | ||
| Q3 25 | $-146.5M | $88.0M | ||
| Q2 25 | $-8.8M | $59.3M | ||
| Q1 25 | $-29.6M | $2.1M | ||
| Q4 24 | $-8.7M | $26.1M | ||
| Q3 24 | $22.9M | $16.0M | ||
| Q2 24 | $-20.8M | $39.5M | ||
| Q1 24 | $48.8M | $23.0M |
自由现金流率AVAVDOCN
| Q4 25 | -11.8% | 12.8% | ||
| Q3 25 | -32.2% | 38.3% | ||
| Q2 25 | -3.2% | 27.1% | ||
| Q1 25 | -17.7% | 1.0% | ||
| Q4 24 | -4.6% | 12.7% | ||
| Q3 24 | 12.1% | 8.1% | ||
| Q2 24 | -10.5% | 20.5% | ||
| Q1 24 | 26.1% | 12.5% |
资本支出强度AVAVDOCN
| Q4 25 | 2.3% | 10.8% | ||
| Q3 25 | 5.0% | 3.4% | ||
| Q2 25 | 3.1% | 15.2% | ||
| Q1 25 | 2.3% | 29.4% | ||
| Q4 24 | 2.7% | 22.1% | ||
| Q3 24 | 2.9% | 28.9% | ||
| Q2 24 | 4.6% | 16.6% | ||
| Q1 24 | 2.0% | 23.6% |
现金转化率AVAVDOCN
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | -0.02× | 2.50× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | -0.48× | 3.91× | ||
| Q3 24 | 1.34× | 2.23× | ||
| Q2 24 | -1.93× | 3.73× | ||
| Q1 24 | 3.79× | 4.72× |
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% |
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
