vs
AeroVironment Inc（AVAV）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是AeroVironment Inc的1.9倍（$883.8M vs $472.5M），RH净利率更高（4.1% vs -3.6%，领先7.7%），AeroVironment Inc同比增速更快（181.9% vs 8.9%），RH自由现金流更多（$83.0M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 9.4%）
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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
AVAV vs RH — 直观对比
营收规模更大
RH
是对方的1.9倍
$472.5M
营收增速更快
AVAV
高出173.0%
8.9%
净利率更高
RH
高出7.7%
-3.6%
自由现金流更多
RH
多$138.9M
$-55.9M
两年增速更快
AVAV
近两年复合增速
9.4%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $883.8M |
| 净利润 | $-17.1M | $36.3M |
| 毛利率 | 22.0% | 44.1% |
| 营业利润率 | -6.4% | 12.0% |
| 净利率 | -3.6% | 4.1% |
| 营收同比 | 181.9% | 8.9% |
| 净利润同比 | -875.1% | 9.3% |
| 每股收益（稀释后） | $-0.34 | $1.83 |
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AVAVRH
| Q4 25 | $472.5M | $883.8M | ||
| Q3 25 | $454.7M | $899.2M | ||
| Q2 25 | $275.1M | $814.0M | ||
| Q1 25 | $167.6M | $812.4M | ||
| Q4 24 | $188.5M | $811.7M | ||
| Q3 24 | $189.5M | $829.7M | ||
| Q2 24 | $197.0M | $727.0M | ||
| Q1 24 | $186.6M | $738.3M |
净利润AVAVRH
| Q4 25 | $-17.1M | $36.3M | ||
| Q3 25 | $-67.4M | $51.7M | ||
| Q2 25 | $16.7M | $8.0M | ||
| Q1 25 | $-1.8M | $13.9M | ||
| Q4 24 | $7.5M | $33.2M | ||
| Q3 24 | $21.2M | $29.0M | ||
| Q2 24 | $6.0M | $-3.6M | ||
| Q1 24 | $13.9M | $11.4M |
毛利率AVAVRH
| Q4 25 | 22.0% | 44.1% | ||
| Q3 25 | 20.9% | 45.5% | ||
| Q2 25 | 36.5% | 43.7% | ||
| Q1 25 | 37.7% | 44.7% | ||
| Q4 24 | 39.1% | 44.5% | ||
| Q3 24 | 43.0% | 45.2% | ||
| Q2 24 | 38.4% | 43.5% | ||
| Q1 24 | 36.1% | 43.5% |
营业利润率AVAVRH
| Q4 25 | -6.4% | 12.0% | ||
| Q3 25 | -15.2% | 14.3% | ||
| Q2 25 | 5.0% | 6.9% | ||
| Q1 25 | -1.8% | 8.7% | ||
| Q4 24 | 3.7% | 12.5% | ||
| Q3 24 | 12.2% | 11.6% | ||
| Q2 24 | 3.0% | 7.5% | ||
| Q1 24 | 7.7% | 8.7% |
净利率AVAVRH
| Q4 25 | -3.6% | 4.1% | ||
| Q3 25 | -14.8% | 5.8% | ||
| Q2 25 | 6.1% | 1.0% | ||
| Q1 25 | -1.0% | 1.7% | ||
| Q4 24 | 4.0% | 4.1% | ||
| Q3 24 | 11.2% | 3.5% | ||
| Q2 24 | 3.1% | -0.5% | ||
| Q1 24 | 7.4% | 1.5% |
每股收益（稀释后）AVAVRH
| Q4 25 | $-0.34 | $1.83 | ||
| Q3 25 | $-1.44 | $2.62 | ||
| Q2 25 | $0.59 | $0.40 | ||
| Q1 25 | $-0.06 | $0.71 | ||
| Q4 24 | $0.27 | $1.66 | ||
| Q3 24 | $0.75 | $1.45 | ||
| Q2 24 | $0.18 | $-0.20 | ||
| Q1 24 | $0.50 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $3.3M |
| 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AVAVRH
| Q4 25 | $588.5M | $43.1M | ||
| Q3 25 | $685.8M | $34.6M | ||
| Q2 25 | $40.9M | $46.1M | ||
| Q1 25 | $47.0M | $30.4M | ||
| Q4 24 | $69.0M | $87.0M | ||
| Q3 24 | $81.2M | $78.3M | ||
| Q2 24 | $73.3M | $101.8M | ||
| Q1 24 | $107.7M | $123.7M |
总债务AVAVRH
| 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AVAVRH
| Q4 25 | $4.4B | $3.3M | ||
| Q3 25 | $4.4B | $-40.9M | ||
| Q2 25 | $886.5M | $-110.8M | ||
| Q1 25 | $861.1M | $-163.6M | ||
| Q4 24 | $858.4M | $-183.0M | ||
| Q3 24 | $845.5M | $-234.7M | ||
| Q2 24 | $822.7M | $-289.9M | ||
| Q1 24 | $813.0M | $-297.4M |
总资产AVAVRH
| Q4 25 | $5.6B | $4.8B | ||
| Q3 25 | $5.6B | $4.7B | ||
| Q2 25 | $1.1B | $4.7B | ||
| Q1 25 | $1.0B | $4.6B | ||
| Q4 24 | $1.0B | $4.5B | ||
| Q3 24 | $999.2M | $4.4B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $980.3M | $4.1B |
负债/权益比AVAVRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $83.0M |
| 自由现金流率自由现金流/营收 | -11.8% | 9.4% |
| 资本支出强度资本支出/营收 | 2.3% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 3.64× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $128.1M |
8季度趋势，按日历期对齐
经营现金流AVAVRH
| Q4 25 | $-45.1M | $131.9M | ||
| Q3 25 | $-123.7M | $137.7M | ||
| Q2 25 | $-264.0K | $86.6M | ||
| Q1 25 | $-25.8M | $-18.8M | ||
| Q4 24 | $-3.6M | $-31.4M | ||
| Q3 24 | $28.4M | $11.2M | ||
| Q2 24 | $-11.7M | $56.1M | ||
| Q1 24 | $52.6M | $-114.0M |
自由现金流AVAVRH
| Q4 25 | $-55.9M | $83.0M | ||
| Q3 25 | $-146.5M | $80.7M | ||
| Q2 25 | $-8.8M | $34.1M | ||
| Q1 25 | $-29.6M | $-69.7M | ||
| Q4 24 | $-8.7M | $-96.0M | ||
| Q3 24 | $22.9M | $-37.9M | ||
| Q2 24 | $-20.8M | $-10.1M | ||
| Q1 24 | $48.8M | $-251.5M |
自由现金流率AVAVRH
| Q4 25 | -11.8% | 9.4% | ||
| Q3 25 | -32.2% | 9.0% | ||
| Q2 25 | -3.2% | 4.2% | ||
| Q1 25 | -17.7% | -8.6% | ||
| Q4 24 | -4.6% | -11.8% | ||
| Q3 24 | 12.1% | -4.6% | ||
| Q2 24 | -10.5% | -1.4% | ||
| Q1 24 | 26.1% | -34.1% |
资本支出强度AVAVRH
| Q4 25 | 2.3% | 5.5% | ||
| Q3 25 | 5.0% | 6.3% | ||
| Q2 25 | 3.1% | 6.5% | ||
| Q1 25 | 2.3% | 6.3% | ||
| Q4 24 | 2.7% | 8.0% | ||
| Q3 24 | 2.9% | 5.9% | ||
| Q2 24 | 4.6% | 9.1% | ||
| Q1 24 | 2.0% | 18.6% |
现金转化率AVAVRH
| Q4 25 | — | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | -0.02× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | -0.48× | -0.95× | ||
| Q3 24 | 1.34× | 0.39× | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
