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AeroVironment Inc（AVAV）与Forestar Group Inc.（FOR）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Forestar Group Inc.的1.7倍（$472.5M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -3.6%，领先9.3%），AeroVironment Inc同比增速更快（181.9% vs 9.0%），AeroVironment Inc自由现金流更多（$-55.9M vs $-157.1M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
AVAV vs FOR — 直观对比
营收规模更大
AVAV
是对方的1.7倍
$273.0M
营收增速更快
AVAV
高出172.8%
9.0%
净利率更高
FOR
高出9.3%
-3.6%
自由现金流更多
AVAV
多$101.2M
$-157.1M
两年增速更快
AVAV
近两年复合增速
-9.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $273.0M |
| 净利润 | $-17.1M | $15.4M |
| 毛利率 | 22.0% | 20.1% |
| 营业利润率 | -6.4% | 7.6% |
| 净利率 | -3.6% | 5.6% |
| 营收同比 | 181.9% | 9.0% |
| 净利润同比 | -875.1% | -6.7% |
| 每股收益（稀释后） | $-0.34 | $0.30 |
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AVAVFOR
| Q4 25 | $472.5M | $273.0M | ||
| Q3 25 | $454.7M | $670.5M | ||
| Q2 25 | $275.1M | $390.5M | ||
| Q1 25 | $167.6M | $351.0M | ||
| Q4 24 | $188.5M | $250.4M | ||
| Q3 24 | $189.5M | $551.3M | ||
| Q2 24 | $197.0M | $318.4M | ||
| Q1 24 | $186.6M | $333.8M |
净利润AVAVFOR
| Q4 25 | $-17.1M | $15.4M | ||
| Q3 25 | $-67.4M | $86.9M | ||
| Q2 25 | $16.7M | $32.9M | ||
| Q1 25 | $-1.8M | $31.6M | ||
| Q4 24 | $7.5M | $16.5M | ||
| Q3 24 | $21.2M | $81.5M | ||
| Q2 24 | $6.0M | $38.7M | ||
| Q1 24 | $13.9M | $45.0M |
毛利率AVAVFOR
| Q4 25 | 22.0% | 20.1% | ||
| Q3 25 | 20.9% | 22.3% | ||
| Q2 25 | 36.5% | 20.4% | ||
| Q1 25 | 37.7% | 22.6% | ||
| Q4 24 | 39.1% | 22.0% | ||
| Q3 24 | 43.0% | 23.9% | ||
| Q2 24 | 38.4% | 22.5% | ||
| Q1 24 | 36.1% | 24.9% |
营业利润率AVAVFOR
| Q4 25 | -6.4% | 7.6% | ||
| Q3 25 | -15.2% | 16.9% | ||
| Q2 25 | 5.0% | 11.2% | ||
| Q1 25 | -1.8% | 11.6% | ||
| Q4 24 | 3.7% | 8.7% | ||
| Q3 24 | 12.2% | 19.7% | ||
| Q2 24 | 3.0% | 16.2% | ||
| Q1 24 | 7.7% | 17.6% |
净利率AVAVFOR
| Q4 25 | -3.6% | 5.6% | ||
| Q3 25 | -14.8% | 13.0% | ||
| Q2 25 | 6.1% | 8.4% | ||
| Q1 25 | -1.0% | 9.0% | ||
| Q4 24 | 4.0% | 6.6% | ||
| Q3 24 | 11.2% | 14.8% | ||
| Q2 24 | 3.1% | 12.2% | ||
| Q1 24 | 7.4% | 13.5% |
每股收益（稀释后）AVAVFOR
| Q4 25 | $-0.34 | $0.30 | ||
| Q3 25 | $-1.44 | $1.70 | ||
| Q2 25 | $0.59 | $0.65 | ||
| Q1 25 | $-0.06 | $0.62 | ||
| Q4 24 | $0.27 | $0.32 | ||
| Q3 24 | $0.75 | $1.59 | ||
| Q2 24 | $0.18 | $0.76 | ||
| Q1 24 | $0.50 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $747.5M | $793.2M |
| 股东权益账面价值 | $4.4B | $1.8B |
| 总资产 | $5.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资AVAVFOR
| Q4 25 | $588.5M | $211.7M | ||
| Q3 25 | $685.8M | $379.2M | ||
| Q2 25 | $40.9M | $189.2M | ||
| Q1 25 | $47.0M | $174.3M | ||
| Q4 24 | $69.0M | $132.0M | ||
| Q3 24 | $81.2M | $481.2M | ||
| Q2 24 | $73.3M | $359.2M | ||
| Q1 24 | $107.7M | $416.2M |
总债务AVAVFOR
| Q4 25 | $747.5M | $793.2M | ||
| Q3 25 | $747.5M | $802.7M | ||
| Q2 25 | $30.0M | $872.8M | ||
| Q1 25 | $25.0M | $872.5M | ||
| Q4 24 | $15.0M | $806.8M | ||
| Q3 24 | $17.5M | $706.4M | ||
| Q2 24 | $28.0M | $706.1M | ||
| Q1 24 | $40.0M | $705.7M |
股东权益AVAVFOR
| Q4 25 | $4.4B | $1.8B | ||
| Q3 25 | $4.4B | $1.8B | ||
| Q2 25 | $886.5M | $1.7B | ||
| Q1 25 | $861.1M | $1.6B | ||
| Q4 24 | $858.4M | $1.6B | ||
| Q3 24 | $845.5M | $1.6B | ||
| Q2 24 | $822.7M | $1.5B | ||
| Q1 24 | $813.0M | $1.5B |
总资产AVAVFOR
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | $5.6B | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $999.2M | $2.8B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $980.3M | $2.6B |
负债/权益比AVAVFOR
| Q4 25 | 0.17× | 0.44× | ||
| Q3 25 | 0.17× | 0.45× | ||
| Q2 25 | 0.03× | 0.52× | ||
| Q1 25 | 0.03× | 0.53× | ||
| Q4 24 | 0.02× | 0.50× | ||
| Q3 24 | 0.02× | 0.44× | ||
| Q2 24 | 0.03× | 0.47× | ||
| Q1 24 | 0.05× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $-157.1M |
| 自由现金流率自由现金流/营收 | -11.8% | -57.5% |
| 资本支出强度资本支出/营收 | 2.3% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $93.0M |
8季度趋势，按日历期对齐
经营现金流AVAVFOR
| Q4 25 | $-45.1M | $-157.0M | ||
| Q3 25 | $-123.7M | $256.3M | ||
| Q2 25 | $-264.0K | $15.8M | ||
| Q1 25 | $-25.8M | $-19.8M | ||
| Q4 24 | $-3.6M | $-450.0M | ||
| Q3 24 | $28.4M | $119.2M | ||
| Q2 24 | $-11.7M | $-61.7M | ||
| Q1 24 | $52.6M | $-59.2M |
自由现金流AVAVFOR
| Q4 25 | $-55.9M | $-157.1M | ||
| Q3 25 | $-146.5M | $255.6M | ||
| Q2 25 | $-8.8M | $15.0M | ||
| Q1 25 | $-29.6M | $-20.5M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | $118.4M | ||
| Q2 24 | $-20.8M | $-62.3M | ||
| Q1 24 | $48.8M | $-59.8M |
自由现金流率AVAVFOR
| Q4 25 | -11.8% | -57.5% | ||
| Q3 25 | -32.2% | 38.1% | ||
| Q2 25 | -3.2% | 3.8% | ||
| Q1 25 | -17.7% | -5.8% | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | 21.5% | ||
| Q2 24 | -10.5% | -19.6% | ||
| Q1 24 | 26.1% | -17.9% |
资本支出强度AVAVFOR
| Q4 25 | 2.3% | 0.0% | ||
| Q3 25 | 5.0% | 0.1% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 2.7% | 0.0% | ||
| Q3 24 | 2.9% | 0.1% | ||
| Q2 24 | 4.6% | 0.2% | ||
| Q1 24 | 2.0% | 0.2% |
现金转化率AVAVFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | -0.02× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | -0.48× | -27.27× | ||
| Q3 24 | 1.34× | 1.46× | ||
| Q2 24 | -1.93× | -1.59× | ||
| Q1 24 | 3.79× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
