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AeroVironment Inc（AVAV）与DXP ENTERPRISES INC（DXPE）财务数据对比。点击上方公司名可切换其他公司
DXP ENTERPRISES INC的季度营收约是AeroVironment Inc的1.1倍（$527.4M vs $472.5M），DXP ENTERPRISES INC净利率更高（4.3% vs -3.6%，领先8.0%），AeroVironment Inc同比增速更快（181.9% vs 12.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 13.1%）
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。
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
AVAV vs DXPE — 直观对比
营收规模更大
DXPE
是对方的1.1倍
$472.5M
营收增速更快
AVAV
高出169.9%
12.0%
净利率更高
DXPE
高出8.0%
-3.6%
自由现金流更多
DXPE
多$90.4M
$-55.9M
两年增速更快
AVAV
近两年复合增速
13.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $527.4M |
| 净利润 | $-17.1M | $22.8M |
| 毛利率 | 22.0% | 31.6% |
| 营业利润率 | -6.4% | 8.8% |
| 净利率 | -3.6% | 4.3% |
| 营收同比 | 181.9% | 12.0% |
| 净利润同比 | -875.1% | 6.9% |
| 每股收益（稀释后） | $-0.34 | $1.38 |
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AVAVDXPE
| Q4 25 | $472.5M | $527.4M | ||
| Q3 25 | $454.7M | $513.7M | ||
| Q2 25 | $275.1M | $498.7M | ||
| Q1 25 | $167.6M | $476.6M | ||
| Q4 24 | $188.5M | $470.9M | ||
| Q3 24 | $189.5M | $472.9M | ||
| Q2 24 | $197.0M | $445.6M | ||
| Q1 24 | $186.6M | $412.6M |
净利润AVAVDXPE
| Q4 25 | $-17.1M | $22.8M | ||
| Q3 25 | $-67.4M | $21.6M | ||
| Q2 25 | $16.7M | $23.6M | ||
| Q1 25 | $-1.8M | $20.6M | ||
| Q4 24 | $7.5M | $21.4M | ||
| Q3 24 | $21.2M | $21.1M | ||
| Q2 24 | $6.0M | $16.7M | ||
| Q1 24 | $13.9M | $11.3M |
毛利率AVAVDXPE
| Q4 25 | 22.0% | 31.6% | ||
| Q3 25 | 20.9% | 31.4% | ||
| Q2 25 | 36.5% | 31.6% | ||
| Q1 25 | 37.7% | 31.5% | ||
| Q4 24 | 39.1% | 31.5% | ||
| Q3 24 | 43.0% | 30.9% | ||
| Q2 24 | 38.4% | 30.9% | ||
| Q1 24 | 36.1% | 30.0% |
营业利润率AVAVDXPE
| Q4 25 | -6.4% | 8.8% | ||
| Q3 25 | -15.2% | 8.5% | ||
| Q2 25 | 5.0% | 9.2% | ||
| Q1 25 | -1.8% | 8.5% | ||
| Q4 24 | 3.7% | 8.3% | ||
| Q3 24 | 12.2% | 8.4% | ||
| Q2 24 | 3.0% | 8.4% | ||
| Q1 24 | 7.7% | 7.1% |
净利率AVAVDXPE
| Q4 25 | -3.6% | 4.3% | ||
| Q3 25 | -14.8% | 4.2% | ||
| Q2 25 | 6.1% | 4.7% | ||
| Q1 25 | -1.0% | 4.3% | ||
| Q4 24 | 4.0% | 4.5% | ||
| Q3 24 | 11.2% | 4.5% | ||
| Q2 24 | 3.1% | 3.7% | ||
| Q1 24 | 7.4% | 2.7% |
每股收益（稀释后）AVAVDXPE
| Q4 25 | $-0.34 | $1.38 | ||
| Q3 25 | $-1.44 | $1.31 | ||
| Q2 25 | $0.59 | $1.43 | ||
| Q1 25 | $-0.06 | $1.25 | ||
| Q4 24 | $0.27 | $1.28 | ||
| Q3 24 | $0.75 | $1.27 | ||
| Q2 24 | $0.18 | $1.00 | ||
| Q1 24 | $0.50 | $0.67 |
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 | $303.8M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $498.4M |
| 总资产 | $5.6B | $1.7B |
| 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AVAVDXPE
| Q4 25 | $588.5M | $303.8M | ||
| Q3 25 | $685.8M | $123.8M | ||
| Q2 25 | $40.9M | $112.9M | ||
| Q1 25 | $47.0M | $114.3M | ||
| Q4 24 | $69.0M | $148.3M | ||
| Q3 24 | $81.2M | $35.0M | ||
| Q2 24 | $73.3M | $49.9M | ||
| Q1 24 | $107.7M | $139.7M |
总债务AVAVDXPE
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
股东权益AVAVDXPE
| Q4 25 | $4.4B | $498.4M | ||
| Q3 25 | $4.4B | $488.3M | ||
| Q2 25 | $886.5M | $468.1M | ||
| Q1 25 | $861.1M | $444.7M | ||
| Q4 24 | $858.4M | $422.8M | ||
| Q3 24 | $845.5M | $402.4M | ||
| Q2 24 | $822.7M | $384.7M | ||
| Q1 24 | $813.0M | $375.5M |
总资产AVAVDXPE
| Q4 25 | $5.6B | $1.7B | ||
| Q3 25 | $5.6B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $999.2M | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $980.3M | $1.2B |
负债/权益比AVAVDXPE
| 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 | $37.8M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $34.5M |
| 自由现金流率自由现金流/营收 | -11.8% | 6.5% |
| 资本支出强度资本支出/营收 | 2.3% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $54.0M |
8季度趋势，按日历期对齐
经营现金流AVAVDXPE
| Q4 25 | $-45.1M | $37.8M | ||
| Q3 25 | $-123.7M | $34.9M | ||
| Q2 25 | $-264.0K | $18.6M | ||
| Q1 25 | $-25.8M | $3.0M | ||
| Q4 24 | $-3.6M | $32.1M | ||
| Q3 24 | $28.4M | $28.3M | ||
| Q2 24 | $-11.7M | $14.7M | ||
| Q1 24 | $52.6M | $27.0M |
自由现金流AVAVDXPE
| Q4 25 | $-55.9M | $34.5M | ||
| Q3 25 | $-146.5M | $28.1M | ||
| Q2 25 | $-8.8M | $8.3M | ||
| Q1 25 | $-29.6M | $-16.9M | ||
| Q4 24 | $-8.7M | $22.7M | ||
| Q3 24 | $22.9M | $24.4M | ||
| Q2 24 | $-20.8M | $5.9M | ||
| Q1 24 | $48.8M | $24.1M |
自由现金流率AVAVDXPE
| Q4 25 | -11.8% | 6.5% | ||
| Q3 25 | -32.2% | 5.5% | ||
| Q2 25 | -3.2% | 1.7% | ||
| Q1 25 | -17.7% | -3.6% | ||
| Q4 24 | -4.6% | 4.8% | ||
| Q3 24 | 12.1% | 5.2% | ||
| Q2 24 | -10.5% | 1.3% | ||
| Q1 24 | 26.1% | 5.8% |
资本支出强度AVAVDXPE
| Q4 25 | 2.3% | 0.6% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 2.3% | 4.2% | ||
| Q4 24 | 2.7% | 2.0% | ||
| Q3 24 | 2.9% | 0.8% | ||
| Q2 24 | 4.6% | 2.0% | ||
| Q1 24 | 2.0% | 0.7% |
现金转化率AVAVDXPE
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | -0.02× | 0.79× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | -0.48× | 1.50× | ||
| Q3 24 | 1.34× | 1.34× | ||
| Q2 24 | -1.93× | 0.88× | ||
| Q1 24 | 3.79× | 2.38× |
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% |
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
