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AeroVironment Inc（AVAV）与FTAI Aviation Ltd.（FTAI）财务数据对比。点击上方公司名可切换其他公司
FTAI Aviation Ltd.的季度营收约是AeroVironment Inc的1.4倍（$662.0M vs $472.5M），FTAI Aviation Ltd.净利率更高（17.5% vs -3.6%，领先21.1%），AeroVironment Inc同比增速更快（181.9% vs 32.7%），AeroVironment Inc自由现金流更多（$-55.9M vs $-189.3M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 42.4%）
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。
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
AVAV vs FTAI — 直观对比
营收规模更大
FTAI
是对方的1.4倍
$472.5M
营收增速更快
AVAV
高出149.1%
32.7%
净利率更高
FTAI
高出21.1%
-3.6%
自由现金流更多
AVAV
多$133.4M
$-189.3M
两年增速更快
AVAV
近两年复合增速
42.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $662.0M |
| 净利润 | $-17.1M | $115.6M |
| 毛利率 | 22.0% | 44.3% |
| 营业利润率 | -6.4% | 20.3% |
| 净利率 | -3.6% | 17.5% |
| 营收同比 | 181.9% | 32.7% |
| 净利润同比 | -875.1% | 12.8% |
| 每股收益（稀释后） | $-0.34 | $1.06 |
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AVAVFTAI
| Q4 25 | $472.5M | $662.0M | ||
| Q3 25 | $454.7M | $667.1M | ||
| Q2 25 | $275.1M | $676.2M | ||
| Q1 25 | $167.6M | $502.1M | ||
| Q4 24 | $188.5M | $498.8M | ||
| Q3 24 | $189.5M | $465.8M | ||
| Q2 24 | $197.0M | $443.6M | ||
| Q1 24 | $186.6M | $326.7M |
净利润AVAVFTAI
| Q4 25 | $-17.1M | $115.6M | ||
| Q3 25 | $-67.4M | $117.7M | ||
| Q2 25 | $16.7M | $165.4M | ||
| Q1 25 | $-1.8M | $102.4M | ||
| Q4 24 | $7.5M | $102.4M | ||
| Q3 24 | $21.2M | $86.5M | ||
| Q2 24 | $6.0M | $-219.9M | ||
| Q1 24 | $13.9M | $39.6M |
毛利率AVAVFTAI
| Q4 25 | 22.0% | 44.3% | ||
| Q3 25 | 20.9% | 45.6% | ||
| Q2 25 | 36.5% | 45.4% | ||
| Q1 25 | 37.7% | 50.5% | ||
| Q4 24 | 39.1% | 48.3% | ||
| Q3 24 | 43.0% | 52.9% | ||
| Q2 24 | 38.4% | 53.6% | ||
| Q1 24 | 36.1% | 56.3% |
营业利润率AVAVFTAI
| Q4 25 | -6.4% | 20.3% | ||
| Q3 25 | -15.2% | 21.6% | ||
| Q2 25 | 5.0% | 30.1% | ||
| Q1 25 | -1.8% | 24.9% | ||
| Q4 24 | 3.7% | 21.7% | ||
| Q3 24 | 12.2% | 20.1% | ||
| Q2 24 | 3.0% | -52.5% | ||
| Q1 24 | 7.7% | 13.8% |
净利率AVAVFTAI
| Q4 25 | -3.6% | 17.5% | ||
| Q3 25 | -14.8% | 17.6% | ||
| Q2 25 | 6.1% | 24.5% | ||
| Q1 25 | -1.0% | 20.4% | ||
| Q4 24 | 4.0% | 20.5% | ||
| Q3 24 | 11.2% | 18.6% | ||
| Q2 24 | 3.1% | -49.6% | ||
| Q1 24 | 7.4% | 12.1% |
每股收益（稀释后）AVAVFTAI
| Q4 25 | $-0.34 | $1.06 | ||
| Q3 25 | $-1.44 | $1.10 | ||
| Q2 25 | $0.59 | $1.57 | ||
| Q1 25 | $-0.06 | $0.87 | ||
| Q4 24 | $0.27 | $0.87 | ||
| Q3 24 | $0.75 | $0.76 | ||
| Q2 24 | $0.18 | $-2.26 | ||
| Q1 24 | $0.50 | $0.31 |
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 | $300.5M |
| 总债务越低越好 | $747.5M | $3.4B |
| 股东权益账面价值 | $4.4B | $334.2M |
| 总资产 | $5.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.17× | 10.32× |
8季度趋势，按日历期对齐
现金及短期投资AVAVFTAI
| Q4 25 | $588.5M | $300.5M | ||
| Q3 25 | $685.8M | $509.9M | ||
| Q2 25 | $40.9M | $301.9M | ||
| Q1 25 | $47.0M | $112.1M | ||
| Q4 24 | $69.0M | $115.1M | ||
| Q3 24 | $81.2M | $111.9M | ||
| Q2 24 | $73.3M | $169.5M | ||
| Q1 24 | $107.7M | $65.2M |
总债务AVAVFTAI
| Q4 25 | $747.5M | $3.4B | ||
| Q3 25 | $747.5M | $3.4B | ||
| Q2 25 | $30.0M | $3.4B | ||
| Q1 25 | $25.0M | $3.6B | ||
| Q4 24 | $15.0M | $3.4B | ||
| Q3 24 | $17.5M | $3.2B | ||
| Q2 24 | $28.0M | $3.1B | ||
| Q1 24 | $40.0M | $2.7B |
股东权益AVAVFTAI
| Q4 25 | $4.4B | $334.2M | ||
| Q3 25 | $4.4B | $252.5M | ||
| Q2 25 | $886.5M | $164.9M | ||
| Q1 25 | $861.1M | $28.3M | ||
| Q4 24 | $858.4M | $81.4M | ||
| Q3 24 | $845.5M | $118.5M | ||
| Q2 24 | $822.7M | $69.6M | ||
| Q1 24 | $813.0M | $177.1M |
总资产AVAVFTAI
| Q4 25 | $5.6B | $4.4B | ||
| Q3 25 | $5.6B | $4.2B | ||
| Q2 25 | $1.1B | $4.1B | ||
| Q1 25 | $1.0B | $4.3B | ||
| Q4 24 | $1.0B | $4.0B | ||
| Q3 24 | $999.2M | $3.7B | ||
| Q2 24 | $1.0B | $3.4B | ||
| Q1 24 | $980.3M | $3.2B |
负债/权益比AVAVFTAI
| Q4 25 | 0.17× | 10.32× | ||
| Q3 25 | 0.17× | 13.65× | ||
| Q2 25 | 0.03× | 20.88× | ||
| Q1 25 | 0.03× | 128.56× | ||
| Q4 24 | 0.02× | 42.28× | ||
| Q3 24 | 0.02× | 27.15× | ||
| Q2 24 | 0.03× | 44.24× | ||
| Q1 24 | 0.05× | 15.21× |
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 | $-179.1M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $-189.3M |
| 自由现金流率自由现金流/营收 | -11.8% | -28.6% |
| 资本支出强度资本支出/营收 | 2.3% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -1.55× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $-338.5M |
8季度趋势，按日历期对齐
经营现金流AVAVFTAI
| Q4 25 | $-45.1M | $-179.1M | ||
| Q3 25 | $-123.7M | $4.6M | ||
| Q2 25 | $-264.0K | $-110.3M | ||
| Q1 25 | $-25.8M | $-26.0M | ||
| Q4 24 | $-3.6M | $-41.8M | ||
| Q3 24 | $28.4M | $41.5M | ||
| Q2 24 | $-11.7M | $-187.3M | ||
| Q1 24 | $52.6M | $-345.0K |
自由现金流AVAVFTAI
| Q4 25 | $-55.9M | $-189.3M | ||
| Q3 25 | $-146.5M | $-1.8M | ||
| Q2 25 | $-8.8M | $-117.2M | ||
| Q1 25 | $-29.6M | $-30.1M | ||
| Q4 24 | $-8.7M | $-48.1M | ||
| Q3 24 | $22.9M | $41.0M | ||
| Q2 24 | $-20.8M | $-188.4M | ||
| Q1 24 | $48.8M | $-1.7M |
自由现金流率AVAVFTAI
| Q4 25 | -11.8% | -28.6% | ||
| Q3 25 | -32.2% | -0.3% | ||
| Q2 25 | -3.2% | -17.3% | ||
| Q1 25 | -17.7% | -6.0% | ||
| Q4 24 | -4.6% | -9.6% | ||
| Q3 24 | 12.1% | 8.8% | ||
| Q2 24 | -10.5% | -42.5% | ||
| Q1 24 | 26.1% | -0.5% |
资本支出强度AVAVFTAI
| Q4 25 | 2.3% | 1.5% | ||
| Q3 25 | 5.0% | 1.0% | ||
| Q2 25 | 3.1% | 1.0% | ||
| Q1 25 | 2.3% | 0.8% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 2.9% | 0.1% | ||
| Q2 24 | 4.6% | 0.3% | ||
| Q1 24 | 2.0% | 0.4% |
现金转化率AVAVFTAI
| Q4 25 | — | -1.55× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | -0.02× | -0.67× | ||
| Q1 25 | — | -0.25× | ||
| Q4 24 | -0.48× | -0.41× | ||
| Q3 24 | 1.34× | 0.48× | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | -0.01× |
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% |
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
