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AeroVironment Inc（AVAV）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
STEPAN CO的季度营收约是AeroVironment Inc的1.3倍（$604.5M vs $472.5M），STEPAN CO净利率更高（3.3% vs -3.6%，领先6.9%），AeroVironment Inc同比增速更快（181.9% vs 1.9%），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 4.2%）
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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
AVAV vs SCL — 直观对比
营收规模更大
SCL
是对方的1.3倍
$472.5M
营收增速更快
AVAV
高出180.0%
1.9%
净利率更高
SCL
高出6.9%
-3.6%
两年增速更快
AVAV
近两年复合增速
4.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $604.5M |
| 净利润 | $-17.1M | $19.7M |
| 毛利率 | 22.0% | 10.7% |
| 营业利润率 | -6.4% | 4.7% |
| 净利率 | -3.6% | 3.3% |
| 营收同比 | 181.9% | 1.9% |
| 净利润同比 | -875.1% | — |
| 每股收益（稀释后） | $-0.34 | $0.86 |
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AVAVSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $472.5M | $553.9M | ||
| Q3 25 | $454.7M | $590.3M | ||
| Q2 25 | $275.1M | $594.7M | ||
| Q1 25 | $167.6M | $593.3M | ||
| Q4 24 | $188.5M | $525.6M | ||
| Q3 24 | $189.5M | $546.8M | ||
| Q2 24 | $197.0M | $556.4M |
净利润AVAVSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $-17.1M | $5.0M | ||
| Q3 25 | $-67.4M | $10.8M | ||
| Q2 25 | $16.7M | $11.3M | ||
| Q1 25 | $-1.8M | $19.7M | ||
| Q4 24 | $7.5M | $3.4M | ||
| Q3 24 | $21.2M | $23.6M | ||
| Q2 24 | $6.0M | $9.5M |
毛利率AVAVSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 22.0% | 9.3% | ||
| Q3 25 | 20.9% | 12.0% | ||
| Q2 25 | 36.5% | 12.1% | ||
| Q1 25 | 37.7% | 12.7% | ||
| Q4 24 | 39.1% | 10.8% | ||
| Q3 24 | 43.0% | 13.8% | ||
| Q2 24 | 38.4% | 12.5% |
营业利润率AVAVSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | -6.4% | 1.9% | ||
| Q3 25 | -15.2% | 3.7% | ||
| Q2 25 | 5.0% | 3.0% | ||
| Q1 25 | -1.8% | 4.8% | ||
| Q4 24 | 3.7% | 1.5% | ||
| Q3 24 | 12.2% | 4.4% | ||
| Q2 24 | 3.0% | 3.4% |
净利率AVAVSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | -3.6% | 0.9% | ||
| Q3 25 | -14.8% | 1.8% | ||
| Q2 25 | 6.1% | 1.9% | ||
| Q1 25 | -1.0% | 3.3% | ||
| Q4 24 | 4.0% | 0.6% | ||
| Q3 24 | 11.2% | 4.3% | ||
| Q2 24 | 3.1% | 1.7% |
每股收益（稀释后）AVAVSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $-0.34 | $0.22 | ||
| Q3 25 | $-1.44 | $0.47 | ||
| Q2 25 | $0.59 | $0.50 | ||
| Q1 25 | $-0.06 | $0.86 | ||
| Q4 24 | $0.27 | $0.14 | ||
| Q3 24 | $0.75 | $1.03 | ||
| Q2 24 | $0.18 | $0.42 |
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 | — |
| 总债务越低越好 | $747.5M | $328.4M |
| 股东权益账面价值 | $4.4B | $1.2B |
| 总资产 | $5.6B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | $588.5M | $132.7M | ||
| Q3 25 | $685.8M | $118.5M | ||
| Q2 25 | $40.9M | $88.9M | ||
| Q1 25 | $47.0M | $107.5M | ||
| Q4 24 | $69.0M | $99.7M | ||
| Q3 24 | $81.2M | $147.3M | ||
| Q2 24 | $73.3M | $124.7M |
总债务AVAVSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $747.5M | $626.7M | ||
| Q3 25 | $747.5M | $655.5M | ||
| Q2 25 | $30.0M | $658.0M | ||
| Q1 25 | $25.0M | $659.3M | ||
| Q4 24 | $15.0M | $625.4M | ||
| Q3 24 | $17.5M | $688.5M | ||
| Q2 24 | $28.0M | $657.1M |
股东权益AVAVSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.4B | $1.2B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $886.5M | $1.2B | ||
| Q1 25 | $861.1M | $1.2B | ||
| Q4 24 | $858.4M | $1.2B | ||
| Q3 24 | $845.5M | $1.2B | ||
| Q2 24 | $822.7M | $1.2B |
总资产AVAVSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.6B | $2.4B | ||
| Q3 25 | $5.6B | $2.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $999.2M | $2.4B | ||
| Q2 24 | $1.0B | $2.3B |
负债/权益比AVAVSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.17× | 0.50× | ||
| Q3 25 | 0.17× | 0.53× | ||
| Q2 25 | 0.03× | 0.53× | ||
| Q1 25 | 0.03× | 0.55× | ||
| Q4 24 | 0.02× | 0.53× | ||
| Q3 24 | 0.02× | 0.56× | ||
| Q2 24 | 0.03× | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | — |
| 自由现金流率自由现金流/营收 | -11.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | $-45.1M | $60.0M | ||
| Q3 25 | $-123.7M | $69.8M | ||
| Q2 25 | $-264.0K | $11.2M | ||
| Q1 25 | $-25.8M | $6.9M | ||
| Q4 24 | $-3.6M | $68.3M | ||
| Q3 24 | $28.4M | $22.7M | ||
| Q2 24 | $-11.7M | $29.5M |
自由现金流AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $25.4M | ||
| Q3 25 | $-146.5M | $40.2M | ||
| Q2 25 | $-8.8M | $-14.4M | ||
| Q1 25 | $-29.6M | $-25.8M | ||
| Q4 24 | $-8.7M | $32.1M | ||
| Q3 24 | $22.9M | $-4.0M | ||
| Q2 24 | $-20.8M | $-208.0K |
自由现金流率AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 4.6% | ||
| Q3 25 | -32.2% | 6.8% | ||
| Q2 25 | -3.2% | -2.4% | ||
| Q1 25 | -17.7% | -4.3% | ||
| Q4 24 | -4.6% | 6.1% | ||
| Q3 24 | 12.1% | -0.7% | ||
| Q2 24 | -10.5% | -0.0% |
资本支出强度AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 6.3% | ||
| Q3 25 | 5.0% | 5.0% | ||
| Q2 25 | 3.1% | 4.3% | ||
| Q1 25 | 2.3% | 5.5% | ||
| Q4 24 | 2.7% | 6.9% | ||
| Q3 24 | 2.9% | 4.9% | ||
| Q2 24 | 4.6% | 5.3% |
现金转化率AVAVSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 11.99× | ||
| Q3 25 | — | 6.44× | ||
| Q2 25 | -0.02× | 0.99× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | -0.48× | 20.38× | ||
| Q3 24 | 1.34× | 0.96× | ||
| Q2 24 | -1.93× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
