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AeroVironment Inc（AVAV）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是AeroVironment Inc的1.3倍（$614.5M vs $472.5M），Cloudflare, Inc.净利率更高（-2.0% vs -3.6%，领先1.7%），AeroVironment Inc同比增速更快（181.9% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 27.4%）
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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
AVAV vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$472.5M
营收增速更快
AVAV
高出148.3%
33.6%
净利率更高
NET
高出1.7%
-3.6%
自由现金流更多
NET
多$161.1M
$-55.9M
两年增速更快
AVAV
近两年复合增速
27.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $614.5M |
| 净利润 | $-17.1M | $-12.1M |
| 毛利率 | 22.0% | 73.6% |
| 营业利润率 | -6.4% | -8.0% |
| 净利率 | -3.6% | -2.0% |
| 营收同比 | 181.9% | 33.6% |
| 净利润同比 | -875.1% | 6.0% |
| 每股收益（稀释后） | $-0.34 | $-0.03 |
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AVAVNET
| Q4 25 | $472.5M | $614.5M | ||
| Q3 25 | $454.7M | $562.0M | ||
| Q2 25 | $275.1M | $512.3M | ||
| Q1 25 | $167.6M | $479.1M | ||
| Q4 24 | $188.5M | $459.9M | ||
| Q3 24 | $189.5M | $430.1M | ||
| Q2 24 | $197.0M | $401.0M | ||
| Q1 24 | $186.6M | $378.6M |
净利润AVAVNET
| Q4 25 | $-17.1M | $-12.1M | ||
| Q3 25 | $-67.4M | $-1.3M | ||
| Q2 25 | $16.7M | $-50.4M | ||
| Q1 25 | $-1.8M | $-38.5M | ||
| Q4 24 | $7.5M | $-12.8M | ||
| Q3 24 | $21.2M | $-15.3M | ||
| Q2 24 | $6.0M | $-15.1M | ||
| Q1 24 | $13.9M | $-35.5M |
毛利率AVAVNET
| Q4 25 | 22.0% | 73.6% | ||
| Q3 25 | 20.9% | 74.0% | ||
| Q2 25 | 36.5% | 74.9% | ||
| Q1 25 | 37.7% | 75.9% | ||
| Q4 24 | 39.1% | 76.4% | ||
| Q3 24 | 43.0% | 77.7% | ||
| Q2 24 | 38.4% | 77.8% | ||
| Q1 24 | 36.1% | 77.5% |
营业利润率AVAVNET
| Q4 25 | -6.4% | -8.0% | ||
| Q3 25 | -15.2% | -6.7% | ||
| Q2 25 | 5.0% | -13.1% | ||
| Q1 25 | -1.8% | -11.1% | ||
| Q4 24 | 3.7% | -7.5% | ||
| Q3 24 | 12.2% | -7.2% | ||
| Q2 24 | 3.0% | -8.7% | ||
| Q1 24 | 7.7% | -14.4% |
净利率AVAVNET
| Q4 25 | -3.6% | -2.0% | ||
| Q3 25 | -14.8% | -0.2% | ||
| Q2 25 | 6.1% | -9.8% | ||
| Q1 25 | -1.0% | -8.0% | ||
| Q4 24 | 4.0% | -2.8% | ||
| Q3 24 | 11.2% | -3.6% | ||
| Q2 24 | 3.1% | -3.8% | ||
| Q1 24 | 7.4% | -9.4% |
每股收益（稀释后）AVAVNET
| Q4 25 | $-0.34 | $-0.03 | ||
| Q3 25 | $-1.44 | $0.00 | ||
| Q2 25 | $0.59 | $-0.15 | ||
| Q1 25 | $-0.06 | $-0.11 | ||
| Q4 24 | $0.27 | $-0.05 | ||
| Q3 24 | $0.75 | $-0.04 | ||
| Q2 24 | $0.18 | $-0.04 | ||
| Q1 24 | $0.50 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $1.5B |
| 总资产 | $5.6B | $6.0B |
| 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AVAVNET
| Q4 25 | $588.5M | $943.5M | ||
| Q3 25 | $685.8M | $1.1B | ||
| Q2 25 | $40.9M | $1.5B | ||
| Q1 25 | $47.0M | $204.5M | ||
| Q4 24 | $69.0M | $147.7M | ||
| Q3 24 | $81.2M | $182.9M | ||
| Q2 24 | $73.3M | $157.0M | ||
| Q1 24 | $107.7M | $254.4M |
总债务AVAVNET
| 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AVAVNET
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $4.4B | $1.3B | ||
| Q2 25 | $886.5M | $1.2B | ||
| Q1 25 | $861.1M | $1.4B | ||
| Q4 24 | $858.4M | $1.0B | ||
| Q3 24 | $845.5M | $973.1M | ||
| Q2 24 | $822.7M | $881.5M | ||
| Q1 24 | $813.0M | $797.2M |
总资产AVAVNET
| Q4 25 | $5.6B | $6.0B | ||
| Q3 25 | $5.6B | $5.8B | ||
| Q2 25 | $1.1B | $5.6B | ||
| Q1 25 | $1.0B | $3.7B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $999.2M | $3.1B | ||
| Q2 24 | $1.0B | $2.9B | ||
| Q1 24 | $980.3M | $2.8B |
负债/权益比AVAVNET
| 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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $105.2M |
| 自由现金流率自由现金流/营收 | -11.8% | 17.1% |
| 资本支出强度资本支出/营收 | 2.3% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流AVAVNET
| Q4 25 | $-45.1M | $190.4M | ||
| Q3 25 | $-123.7M | $167.1M | ||
| Q2 25 | $-264.0K | $99.8M | ||
| Q1 25 | $-25.8M | $145.8M | ||
| Q4 24 | $-3.6M | $127.3M | ||
| Q3 24 | $28.4M | $104.7M | ||
| Q2 24 | $-11.7M | $74.8M | ||
| Q1 24 | $52.6M | $73.6M |
自由现金流AVAVNET
| Q4 25 | $-55.9M | $105.2M | ||
| Q3 25 | $-146.5M | $82.5M | ||
| Q2 25 | $-8.8M | $39.9M | ||
| Q1 25 | $-29.6M | $59.9M | ||
| Q4 24 | $-8.7M | $54.2M | ||
| Q3 24 | $22.9M | $54.5M | ||
| Q2 24 | $-20.8M | $45.2M | ||
| Q1 24 | $48.8M | $41.5M |
自由现金流率AVAVNET
| Q4 25 | -11.8% | 17.1% | ||
| Q3 25 | -32.2% | 14.7% | ||
| Q2 25 | -3.2% | 7.8% | ||
| Q1 25 | -17.7% | 12.5% | ||
| Q4 24 | -4.6% | 11.8% | ||
| Q3 24 | 12.1% | 12.7% | ||
| Q2 24 | -10.5% | 11.3% | ||
| Q1 24 | 26.1% | 11.0% |
资本支出强度AVAVNET
| Q4 25 | 2.3% | 13.9% | ||
| Q3 25 | 5.0% | 15.1% | ||
| Q2 25 | 3.1% | 11.7% | ||
| Q1 25 | 2.3% | 17.9% | ||
| Q4 24 | 2.7% | 15.9% | ||
| Q3 24 | 2.9% | 11.7% | ||
| Q2 24 | 4.6% | 7.4% | ||
| Q1 24 | 2.0% | 8.5% |
现金转化率AVAVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | — | ||
| 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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
