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AeroVironment Inc（AVAV）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
朗美通的季度营收约是AeroVironment Inc的1.4倍（$665.5M vs $472.5M），朗美通净利率更高（11.8% vs -3.6%，领先15.4%），AeroVironment Inc同比增速更快（181.9% vs 65.5%），朗美通自由现金流更多（$43.1M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 34.8%）
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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
AVAV vs LITE — 直观对比
营收规模更大
LITE
是对方的1.4倍
$472.5M
营收增速更快
AVAV
高出116.4%
65.5%
净利率更高
LITE
高出15.4%
-3.6%
自由现金流更多
LITE
多$99.0M
$-55.9M
两年增速更快
AVAV
近两年复合增速
34.8%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $665.5M |
| 净利润 | $-17.1M | $78.2M |
| 毛利率 | 22.0% | 36.1% |
| 营业利润率 | -6.4% | 9.7% |
| 净利率 | -3.6% | 11.8% |
| 营收同比 | 181.9% | 65.5% |
| 净利润同比 | -875.1% | 228.4% |
| 每股收益（稀释后） | $-0.34 | $0.89 |
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AVAVLITE
| Q4 25 | $472.5M | $665.5M | ||
| Q3 25 | $454.7M | $533.8M | ||
| Q2 25 | $275.1M | $480.7M | ||
| Q1 25 | $167.6M | $425.2M | ||
| Q4 24 | $188.5M | $402.2M | ||
| Q3 24 | $189.5M | $336.9M | ||
| Q2 24 | $197.0M | $308.3M | ||
| Q1 24 | $186.6M | $366.5M |
净利润AVAVLITE
| Q4 25 | $-17.1M | $78.2M | ||
| Q3 25 | $-67.4M | $4.2M | ||
| Q2 25 | $16.7M | $213.3M | ||
| Q1 25 | $-1.8M | $-44.1M | ||
| Q4 24 | $7.5M | $-60.9M | ||
| Q3 24 | $21.2M | $-82.4M | ||
| Q2 24 | $6.0M | $-252.5M | ||
| Q1 24 | $13.9M | $-127.0M |
毛利率AVAVLITE
| Q4 25 | 22.0% | 36.1% | ||
| Q3 25 | 20.9% | 34.0% | ||
| Q2 25 | 36.5% | 33.3% | ||
| Q1 25 | 37.7% | 28.8% | ||
| Q4 24 | 39.1% | 24.8% | ||
| Q3 24 | 43.0% | 23.1% | ||
| Q2 24 | 38.4% | 16.6% | ||
| Q1 24 | 36.1% | 16.2% |
营业利润率AVAVLITE
| Q4 25 | -6.4% | 9.7% | ||
| Q3 25 | -15.2% | 1.3% | ||
| Q2 25 | 5.0% | -1.7% | ||
| Q1 25 | -1.8% | -8.9% | ||
| Q4 24 | 3.7% | -12.8% | ||
| Q3 24 | 12.2% | -24.5% | ||
| Q2 24 | 3.0% | -43.3% | ||
| Q1 24 | 7.7% | -31.3% |
净利率AVAVLITE
| Q4 25 | -3.6% | 11.8% | ||
| Q3 25 | -14.8% | 0.8% | ||
| Q2 25 | 6.1% | 44.4% | ||
| Q1 25 | -1.0% | -10.4% | ||
| Q4 24 | 4.0% | -15.1% | ||
| Q3 24 | 11.2% | -24.5% | ||
| Q2 24 | 3.1% | -81.9% | ||
| Q1 24 | 7.4% | -34.7% |
每股收益（稀释后）AVAVLITE
| Q4 25 | $-0.34 | $0.89 | ||
| Q3 25 | $-1.44 | $0.05 | ||
| Q2 25 | $0.59 | $3.10 | ||
| Q1 25 | $-0.06 | $-0.64 | ||
| Q4 24 | $0.27 | $-0.88 | ||
| Q3 24 | $0.75 | $-1.21 | ||
| Q2 24 | $0.18 | $-3.75 | ||
| Q1 24 | $0.50 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $846.6M |
| 总资产 | $5.6B | $4.8B |
| 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AVAVLITE
| Q4 25 | $588.5M | $1.2B | ||
| Q3 25 | $685.8M | $1.1B | ||
| Q2 25 | $40.9M | $877.1M | ||
| Q1 25 | $47.0M | $866.7M | ||
| Q4 24 | $69.0M | $896.7M | ||
| Q3 24 | $81.2M | $916.1M | ||
| Q2 24 | $73.3M | $887.0M | ||
| Q1 24 | $107.7M | $870.9M |
总债务AVAVLITE
| 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AVAVLITE
| Q4 25 | $4.4B | $846.6M | ||
| Q3 25 | $4.4B | $780.8M | ||
| Q2 25 | $886.5M | $1.1B | ||
| Q1 25 | $861.1M | $879.5M | ||
| Q4 24 | $858.4M | $872.3M | ||
| Q3 24 | $845.5M | $895.9M | ||
| Q2 24 | $822.7M | $957.3M | ||
| Q1 24 | $813.0M | $1.2B |
总资产AVAVLITE
| Q4 25 | $5.6B | $4.8B | ||
| Q3 25 | $5.6B | $4.6B | ||
| Q2 25 | $1.1B | $4.2B | ||
| Q1 25 | $1.0B | $4.0B | ||
| Q4 24 | $1.0B | $4.0B | ||
| Q3 24 | $999.2M | $4.0B | ||
| Q2 24 | $1.0B | $3.9B | ||
| Q1 24 | $980.3M | $4.2B |
负债/权益比AVAVLITE
| 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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $43.1M |
| 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% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流AVAVLITE
| Q4 25 | $-45.1M | $126.7M | ||
| Q3 25 | $-123.7M | $57.9M | ||
| Q2 25 | $-264.0K | $64.0M | ||
| Q1 25 | $-25.8M | $-1.6M | ||
| Q4 24 | $-3.6M | $24.3M | ||
| Q3 24 | $28.4M | $39.6M | ||
| Q2 24 | $-11.7M | $35.5M | ||
| Q1 24 | $52.6M | $-7.0M |
自由现金流AVAVLITE
| Q4 25 | $-55.9M | $43.1M | ||
| Q3 25 | $-146.5M | $-18.3M | ||
| Q2 25 | $-8.8M | $10.1M | ||
| Q1 25 | $-29.6M | $-64.4M | ||
| Q4 24 | $-8.7M | $-15.9M | ||
| Q3 24 | $22.9M | $-34.5M | ||
| Q2 24 | $-20.8M | $10.9M | ||
| Q1 24 | $48.8M | $-26.6M |
自由现金流率AVAVLITE
| Q4 25 | -11.8% | 6.5% | ||
| Q3 25 | -32.2% | -3.4% | ||
| Q2 25 | -3.2% | 2.1% | ||
| Q1 25 | -17.7% | -15.1% | ||
| Q4 24 | -4.6% | -4.0% | ||
| Q3 24 | 12.1% | -10.2% | ||
| Q2 24 | -10.5% | 3.5% | ||
| Q1 24 | 26.1% | -7.3% |
资本支出强度AVAVLITE
| Q4 25 | 2.3% | 12.6% | ||
| Q3 25 | 5.0% | 14.3% | ||
| Q2 25 | 3.1% | 11.2% | ||
| Q1 25 | 2.3% | 14.8% | ||
| Q4 24 | 2.7% | 10.0% | ||
| Q3 24 | 2.9% | 22.0% | ||
| Q2 24 | 4.6% | 8.0% | ||
| Q1 24 | 2.0% | 5.3% |
现金转化率AVAVLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | -0.02× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| 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% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
