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AeroVironment Inc（AVAV）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是AeroVironment Inc的1.6倍（$766.5M vs $472.5M），SCANSOURCE, INC.净利率更高（2.2% vs -3.6%，领先5.8%），AeroVironment Inc同比增速更快（181.9% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
AVAV vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.6倍
$472.5M
营收增速更快
AVAV
高出179.3%
2.5%
净利率更高
SCSC
高出5.8%
-3.6%
自由现金流更多
SCSC
多$84.8M
$-55.9M
两年增速更快
AVAV
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $766.5M |
| 净利润 | $-17.1M | $16.5M |
| 毛利率 | 22.0% | 13.4% |
| 营业利润率 | -6.4% | 2.3% |
| 净利率 | -3.6% | 2.2% |
| 营收同比 | 181.9% | 2.5% |
| 净利润同比 | -875.1% | -3.3% |
| 每股收益（稀释后） | $-0.34 | $0.75 |
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AVAVSCSC
| Q4 25 | $472.5M | $766.5M | ||
| Q3 25 | $454.7M | $739.6M | ||
| Q2 25 | $275.1M | $812.9M | ||
| Q1 25 | $167.6M | $704.8M | ||
| Q4 24 | $188.5M | $747.5M | ||
| Q3 24 | $189.5M | $775.6M | ||
| Q2 24 | $197.0M | $746.1M | ||
| Q1 24 | $186.6M | $752.6M |
净利润AVAVSCSC
| Q4 25 | $-17.1M | $16.5M | ||
| Q3 25 | $-67.4M | $19.9M | ||
| Q2 25 | $16.7M | $20.1M | ||
| Q1 25 | $-1.8M | $17.4M | ||
| Q4 24 | $7.5M | $17.1M | ||
| Q3 24 | $21.2M | $17.0M | ||
| Q2 24 | $6.0M | $16.1M | ||
| Q1 24 | $13.9M | $12.8M |
毛利率AVAVSCSC
| Q4 25 | 22.0% | 13.4% | ||
| Q3 25 | 20.9% | 14.5% | ||
| Q2 25 | 36.5% | 12.9% | ||
| Q1 25 | 37.7% | 14.2% | ||
| Q4 24 | 39.1% | 13.6% | ||
| Q3 24 | 43.0% | 13.1% | ||
| Q2 24 | 38.4% | 13.0% | ||
| Q1 24 | 36.1% | 12.6% |
营业利润率AVAVSCSC
| Q4 25 | -6.4% | 2.3% | ||
| Q3 25 | -15.2% | 3.5% | ||
| Q2 25 | 5.0% | 3.3% | ||
| Q1 25 | -1.8% | 3.2% | ||
| Q4 24 | 3.7% | 2.5% | ||
| Q3 24 | 12.2% | 2.3% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 7.7% | 2.3% |
净利率AVAVSCSC
| Q4 25 | -3.6% | 2.2% | ||
| Q3 25 | -14.8% | 2.7% | ||
| Q2 25 | 6.1% | 2.5% | ||
| Q1 25 | -1.0% | 2.5% | ||
| Q4 24 | 4.0% | 2.3% | ||
| Q3 24 | 11.2% | 2.2% | ||
| Q2 24 | 3.1% | 2.2% | ||
| Q1 24 | 7.4% | 1.7% |
每股收益（稀释后）AVAVSCSC
| Q4 25 | $-0.34 | $0.75 | ||
| Q3 25 | $-1.44 | $0.89 | ||
| Q2 25 | $0.59 | $0.87 | ||
| Q1 25 | $-0.06 | $0.74 | ||
| Q4 24 | $0.27 | $0.70 | ||
| Q3 24 | $0.75 | $0.69 | ||
| Q2 24 | $0.18 | $0.66 | ||
| Q1 24 | $0.50 | $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 | $83.5M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $910.9M |
| 总资产 | $5.6B | $1.7B |
| 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AVAVSCSC
| Q4 25 | $588.5M | $83.5M | ||
| Q3 25 | $685.8M | $124.9M | ||
| Q2 25 | $40.9M | $126.2M | ||
| Q1 25 | $47.0M | $146.3M | ||
| Q4 24 | $69.0M | $110.5M | ||
| Q3 24 | $81.2M | $145.0M | ||
| Q2 24 | $73.3M | $185.5M | ||
| Q1 24 | $107.7M | $159.1M |
总债务AVAVSCSC
| 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AVAVSCSC
| Q4 25 | $4.4B | $910.9M | ||
| Q3 25 | $4.4B | $914.0M | ||
| Q2 25 | $886.5M | $906.4M | ||
| Q1 25 | $861.1M | $901.7M | ||
| Q4 24 | $858.4M | $900.7M | ||
| Q3 24 | $845.5M | $920.9M | ||
| Q2 24 | $822.7M | $924.3M | ||
| Q1 24 | $813.0M | $944.1M |
总资产AVAVSCSC
| Q4 25 | $5.6B | $1.7B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $999.2M | $1.8B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $980.3M | $1.8B |
负债/权益比AVAVSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $28.9M |
| 自由现金流率自由现金流/营收 | -11.8% | 3.8% |
| 资本支出强度资本支出/营收 | 2.3% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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AVAVSCSC
| Q4 25 | $-45.1M | $30.8M | ||
| Q3 25 | $-123.7M | $23.2M | ||
| Q2 25 | $-264.0K | — | ||
| Q1 25 | $-25.8M | $66.1M | ||
| Q4 24 | $-3.6M | $-6.2M | ||
| Q3 24 | $28.4M | $44.8M | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $52.6M | $160.2M |
自由现金流AVAVSCSC
| Q4 25 | $-55.9M | $28.9M | ||
| Q3 25 | $-146.5M | $20.8M | ||
| Q2 25 | $-8.8M | — | ||
| Q1 25 | $-29.6M | $64.6M | ||
| Q4 24 | $-8.7M | $-8.2M | ||
| Q3 24 | $22.9M | $42.5M | ||
| Q2 24 | $-20.8M | — | ||
| Q1 24 | $48.8M | $157.7M |
自由现金流率AVAVSCSC
| Q4 25 | -11.8% | 3.8% | ||
| Q3 25 | -32.2% | 2.8% | ||
| Q2 25 | -3.2% | — | ||
| Q1 25 | -17.7% | 9.2% | ||
| Q4 24 | -4.6% | -1.1% | ||
| Q3 24 | 12.1% | 5.5% | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 26.1% | 21.0% |
资本支出强度AVAVSCSC
| Q4 25 | 2.3% | 0.3% | ||
| Q3 25 | 5.0% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 2.9% | 0.3% | ||
| Q2 24 | 4.6% | 0.2% | ||
| Q1 24 | 2.0% | 0.3% |
现金转化率AVAVSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | -0.48× | -0.36× | ||
| Q3 24 | 1.34× | 2.64× | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
