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AeroVironment Inc（AVAV）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是AeroVironment Inc的1.4倍（$650.1M vs $472.5M），AeroVironment Inc净利率更高（-3.6% vs -14.2%，领先10.6%），AeroVironment Inc自由现金流更多（$-55.9M vs $-109.3M）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
AVAV vs FUN — 直观对比
营收规模更大
FUN
是对方的1.4倍
$472.5M
净利率更高
AVAV
高出10.6%
-14.2%
自由现金流更多
AVAV
多$53.4M
$-109.3M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $650.1M |
| 净利润 | $-17.1M | $-92.4M |
| 毛利率 | 22.0% | 91.4% |
| 营业利润率 | -6.4% | -3.8% |
| 净利率 | -3.6% | -14.2% |
| 营收同比 | 181.9% | — |
| 净利润同比 | -875.1% | — |
| 每股收益（稀释后） | $-0.34 | $-0.93 |
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AVAVFUN
| Q4 25 | $472.5M | $650.1M | ||
| Q3 25 | $454.7M | $1.3B | ||
| Q2 25 | $275.1M | $930.4M | ||
| Q1 25 | $167.6M | $202.1M | ||
| Q4 24 | $188.5M | — | ||
| Q3 24 | $189.5M | $1.3B | ||
| Q2 24 | $197.0M | $571.6M | ||
| Q1 24 | $186.6M | — |
净利润AVAVFUN
| Q4 25 | $-17.1M | $-92.4M | ||
| Q3 25 | $-67.4M | $-1.2B | ||
| Q2 25 | $16.7M | $-99.6M | ||
| Q1 25 | $-1.8M | $-219.7M | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $21.2M | $111.0M | ||
| Q2 24 | $6.0M | $55.6M | ||
| Q1 24 | $13.9M | — |
毛利率AVAVFUN
| Q4 25 | 22.0% | 91.4% | ||
| Q3 25 | 20.9% | 91.6% | ||
| Q2 25 | 36.5% | 91.3% | ||
| Q1 25 | 37.7% | 89.3% | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 43.0% | 91.9% | ||
| Q2 24 | 38.4% | 90.7% | ||
| Q1 24 | 36.1% | — |
营业利润率AVAVFUN
| Q4 25 | -6.4% | -3.8% | ||
| Q3 25 | -15.2% | -83.7% | ||
| Q2 25 | 5.0% | 8.0% | ||
| Q1 25 | -1.8% | -158.9% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.2% | 19.5% | ||
| Q2 24 | 3.0% | 21.6% | ||
| Q1 24 | 7.7% | — |
净利率AVAVFUN
| Q4 25 | -3.6% | -14.2% | ||
| Q3 25 | -14.8% | -90.1% | ||
| Q2 25 | 6.1% | -10.7% | ||
| Q1 25 | -1.0% | -108.7% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 11.2% | 8.2% | ||
| Q2 24 | 3.1% | 9.7% | ||
| Q1 24 | 7.4% | — |
每股收益（稀释后）AVAVFUN
| Q4 25 | $-0.34 | $-0.93 | ||
| Q3 25 | $-1.44 | $-11.77 | ||
| Q2 25 | $0.59 | $-0.99 | ||
| Q1 25 | $-0.06 | $-2.20 | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.75 | $1.10 | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $0.50 | — |
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 | $91.1M |
| 总债务越低越好 | $747.5M | $5.2B |
| 股东权益账面价值 | $4.4B | $549.8M |
| 总资产 | $5.6B | $7.8B |
| 负债/权益比越低杠杆越低 | 0.17× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资AVAVFUN
| Q4 25 | $588.5M | $91.1M | ||
| Q3 25 | $685.8M | $70.7M | ||
| Q2 25 | $40.9M | $107.4M | ||
| Q1 25 | $47.0M | $61.5M | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | $89.7M | ||
| Q2 24 | $73.3M | $52.9M | ||
| Q1 24 | $107.7M | — |
总债务AVAVFUN
| Q4 25 | $747.5M | $5.2B | ||
| Q3 25 | $747.5M | $5.0B | ||
| Q2 25 | $30.0M | $5.3B | ||
| Q1 25 | $25.0M | $5.0B | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | $4.6B | ||
| Q2 24 | $28.0M | $2.3B | ||
| Q1 24 | $40.0M | — |
股东权益AVAVFUN
| Q4 25 | $4.4B | $549.8M | ||
| Q3 25 | $4.4B | $614.3M | ||
| Q2 25 | $886.5M | $1.8B | ||
| Q1 25 | $861.1M | $1.8B | ||
| Q4 24 | $858.4M | — | ||
| Q3 24 | $845.5M | $2.3B | ||
| Q2 24 | $822.7M | — | ||
| Q1 24 | $813.0M | — |
总资产AVAVFUN
| Q4 25 | $5.6B | $7.8B | ||
| Q3 25 | $5.6B | $7.9B | ||
| Q2 25 | $1.1B | $9.5B | ||
| Q1 25 | $1.0B | $9.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $999.2M | $9.4B | ||
| Q2 24 | $1.0B | $2.3B | ||
| Q1 24 | $980.3M | — |
负债/权益比AVAVFUN
| Q4 25 | 0.17× | 9.40× | ||
| Q3 25 | 0.17× | 8.16× | ||
| Q2 25 | 0.03× | 2.97× | ||
| Q1 25 | 0.03× | 2.75× | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | 1.95× | ||
| 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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $-109.3M |
| 自由现金流率自由现金流/营收 | -11.8% | -16.8% |
| 资本支出强度资本支出/营收 | 2.3% | 11.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流AVAVFUN
| Q4 25 | $-45.1M | $-37.7M | ||
| Q3 25 | $-123.7M | $356.2M | ||
| Q2 25 | $-264.0K | $187.0M | ||
| Q1 25 | $-25.8M | $-178.0M | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $28.4M | $337.4M | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $52.6M | — |
自由现金流AVAVFUN
| Q4 25 | $-55.9M | $-109.3M | ||
| Q3 25 | $-146.5M | $256.2M | ||
| Q2 25 | $-8.8M | $18.8M | ||
| Q1 25 | $-29.6M | $-318.0M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | $227.7M | ||
| Q2 24 | $-20.8M | — | ||
| Q1 24 | $48.8M | — |
自由现金流率AVAVFUN
| Q4 25 | -11.8% | -16.8% | ||
| Q3 25 | -32.2% | 19.4% | ||
| Q2 25 | -3.2% | 2.0% | ||
| Q1 25 | -17.7% | -157.4% | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | 16.9% | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 26.1% | — |
资本支出强度AVAVFUN
| Q4 25 | 2.3% | 11.0% | ||
| Q3 25 | 5.0% | 7.6% | ||
| Q2 25 | 3.1% | 18.1% | ||
| Q1 25 | 2.3% | 69.3% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.9% | 8.1% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 2.0% | — |
现金转化率AVAVFUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 3.04× | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | — |
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% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
