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AeroVironment Inc（AVAV）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是AeroVironment Inc的1.8倍（$846.8M vs $472.5M），Trade Desk (The)净利率更高（22.1% vs -3.6%，领先25.7%），AeroVironment Inc同比增速更快（181.9% vs 14.3%），Trade Desk (The)自由现金流更多（$285.3M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 31.3%）
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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
AVAV vs TTD — 直观对比
营收规模更大
TTD
是对方的1.8倍
$472.5M
营收增速更快
AVAV
高出167.6%
14.3%
净利率更高
TTD
高出25.7%
-3.6%
自由现金流更多
TTD
多$341.2M
$-55.9M
两年增速更快
AVAV
近两年复合增速
31.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $846.8M |
| 净利润 | $-17.1M | $186.9M |
| 毛利率 | 22.0% | 80.7% |
| 营业利润率 | -6.4% | 30.3% |
| 净利率 | -3.6% | 22.1% |
| 营收同比 | 181.9% | 14.3% |
| 净利润同比 | -875.1% | 2.6% |
| 每股收益（稀释后） | $-0.34 | $0.39 |
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AVAVTTD
| Q4 25 | $472.5M | $846.8M | ||
| Q3 25 | $454.7M | $739.4M | ||
| Q2 25 | $275.1M | $694.0M | ||
| Q1 25 | $167.6M | $616.0M | ||
| Q4 24 | $188.5M | $741.0M | ||
| Q3 24 | $189.5M | $628.0M | ||
| Q2 24 | $197.0M | $584.5M | ||
| Q1 24 | $186.6M | $491.3M |
净利润AVAVTTD
| Q4 25 | $-17.1M | $186.9M | ||
| Q3 25 | $-67.4M | $115.5M | ||
| Q2 25 | $16.7M | $90.1M | ||
| Q1 25 | $-1.8M | $50.7M | ||
| Q4 24 | $7.5M | $182.2M | ||
| Q3 24 | $21.2M | $94.2M | ||
| Q2 24 | $6.0M | $85.0M | ||
| Q1 24 | $13.9M | $31.7M |
毛利率AVAVTTD
| Q4 25 | 22.0% | 80.7% | ||
| Q3 25 | 20.9% | 78.1% | ||
| Q2 25 | 36.5% | 78.2% | ||
| Q1 25 | 37.7% | 76.8% | ||
| Q4 24 | 39.1% | 81.7% | ||
| Q3 24 | 43.0% | 80.5% | ||
| Q2 24 | 38.4% | 81.1% | ||
| Q1 24 | 36.1% | 78.9% |
营业利润率AVAVTTD
| Q4 25 | -6.4% | 30.3% | ||
| Q3 25 | -15.2% | 21.8% | ||
| Q2 25 | 5.0% | 16.8% | ||
| Q1 25 | -1.8% | 8.8% | ||
| Q4 24 | 3.7% | 26.4% | ||
| Q3 24 | 12.2% | 17.3% | ||
| Q2 24 | 3.0% | 16.2% | ||
| Q1 24 | 7.7% | 5.8% |
净利率AVAVTTD
| Q4 25 | -3.6% | 22.1% | ||
| Q3 25 | -14.8% | 15.6% | ||
| Q2 25 | 6.1% | 13.0% | ||
| Q1 25 | -1.0% | 8.2% | ||
| Q4 24 | 4.0% | 24.6% | ||
| Q3 24 | 11.2% | 15.0% | ||
| Q2 24 | 3.1% | 14.5% | ||
| Q1 24 | 7.4% | 6.4% |
每股收益（稀释后）AVAVTTD
| Q4 25 | $-0.34 | $0.39 | ||
| Q3 25 | $-1.44 | $0.23 | ||
| Q2 25 | $0.59 | $0.18 | ||
| Q1 25 | $-0.06 | $0.10 | ||
| Q4 24 | $0.27 | $0.36 | ||
| Q3 24 | $0.75 | $0.19 | ||
| Q2 24 | $0.18 | $0.17 | ||
| Q1 24 | $0.50 | $0.06 |
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 | $1.3B |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $2.5B |
| 总资产 | $5.6B | $6.2B |
| 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AVAVTTD
| Q4 25 | $588.5M | $1.3B | ||
| Q3 25 | $685.8M | $1.4B | ||
| Q2 25 | $40.9M | $1.7B | ||
| Q1 25 | $47.0M | $1.7B | ||
| Q4 24 | $69.0M | $1.9B | ||
| Q3 24 | $81.2M | $1.7B | ||
| Q2 24 | $73.3M | $1.5B | ||
| Q1 24 | $107.7M | $1.4B |
总债务AVAVTTD
| 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AVAVTTD
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $886.5M | $2.7B | ||
| Q1 25 | $861.1M | $2.7B | ||
| Q4 24 | $858.4M | $2.9B | ||
| Q3 24 | $845.5M | $2.6B | ||
| Q2 24 | $822.7M | $2.4B | ||
| Q1 24 | $813.0M | $2.2B |
总资产AVAVTTD
| Q4 25 | $5.6B | $6.2B | ||
| Q3 25 | $5.6B | $5.9B | ||
| Q2 25 | $1.1B | $6.0B | ||
| Q1 25 | $1.0B | $5.7B | ||
| Q4 24 | $1.0B | $6.1B | ||
| Q3 24 | $999.2M | $5.5B | ||
| Q2 24 | $1.0B | $5.2B | ||
| Q1 24 | $980.3M | $4.7B |
负债/权益比AVAVTTD
| 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 | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $285.3M |
| 自由现金流率自由现金流/营收 | -11.8% | 33.7% |
| 资本支出强度资本支出/营收 | 2.3% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 1.67× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $795.7M |
8季度趋势，按日历期对齐
经营现金流AVAVTTD
| Q4 25 | $-45.1M | $311.6M | ||
| Q3 25 | $-123.7M | $224.7M | ||
| Q2 25 | $-264.0K | $165.0M | ||
| Q1 25 | $-25.8M | $291.4M | ||
| Q4 24 | $-3.6M | $199.4M | ||
| Q3 24 | $28.4M | $273.3M | ||
| Q2 24 | $-11.7M | $81.3M | ||
| Q1 24 | $52.6M | $185.5M |
自由现金流AVAVTTD
| Q4 25 | $-55.9M | $285.3M | ||
| Q3 25 | $-146.5M | $158.3M | ||
| Q2 25 | $-8.8M | $119.8M | ||
| Q1 25 | $-29.6M | $232.3M | ||
| Q4 24 | $-8.7M | $179.2M | ||
| Q3 24 | $22.9M | $224.6M | ||
| Q2 24 | $-20.8M | $59.1M | ||
| Q1 24 | $48.8M | $178.2M |
自由现金流率AVAVTTD
| Q4 25 | -11.8% | 33.7% | ||
| Q3 25 | -32.2% | 21.4% | ||
| Q2 25 | -3.2% | 17.3% | ||
| Q1 25 | -17.7% | 37.7% | ||
| Q4 24 | -4.6% | 24.2% | ||
| Q3 24 | 12.1% | 35.8% | ||
| Q2 24 | -10.5% | 10.1% | ||
| Q1 24 | 26.1% | 36.3% |
资本支出强度AVAVTTD
| Q4 25 | 2.3% | 3.1% | ||
| Q3 25 | 5.0% | 9.0% | ||
| Q2 25 | 3.1% | 6.5% | ||
| Q1 25 | 2.3% | 9.6% | ||
| Q4 24 | 2.7% | 2.7% | ||
| Q3 24 | 2.9% | 7.8% | ||
| Q2 24 | 4.6% | 3.8% | ||
| Q1 24 | 2.0% | 1.5% |
现金转化率AVAVTTD
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | -0.02× | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | -0.48× | 1.09× | ||
| Q3 24 | 1.34× | 2.90× | ||
| Q2 24 | -1.93× | 0.96× | ||
| Q1 24 | 3.79× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
