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AeroVironment Inc（AVAV）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是AeroVironment Inc的1.3倍（$613.5M vs $472.5M），Tyler Technologies净利率更高（13.2% vs -3.6%，领先16.9%），AeroVironment Inc同比增速更快（181.9% vs 8.6%），Tyler Technologies自由现金流更多（$2.0M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
AVAV vs TYL — 直观对比
营收规模更大
TYL
是对方的1.3倍
$472.5M
营收增速更快
AVAV
高出173.3%
8.6%
净利率更高
TYL
高出16.9%
-3.6%
自由现金流更多
TYL
多$57.9M
$-55.9M
两年增速更快
AVAV
近两年复合增速
6.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $613.5M |
| 净利润 | $-17.1M | $81.2M |
| 毛利率 | 22.0% | 48.3% |
| 营业利润率 | -6.4% | 16.3% |
| 净利率 | -3.6% | 13.2% |
| 营收同比 | 181.9% | 8.6% |
| 净利润同比 | -875.1% | — |
| 每股收益（稀释后） | $-0.34 | $1.88 |
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AVAVTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $472.5M | $575.2M | ||
| Q3 25 | $454.7M | $595.9M | ||
| Q2 25 | $275.1M | $596.1M | ||
| Q1 25 | $167.6M | $565.2M | ||
| Q4 24 | $188.5M | $541.1M | ||
| Q3 24 | $189.5M | $543.3M | ||
| Q2 24 | $197.0M | $541.0M |
净利润AVAVTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $-17.1M | $65.5M | ||
| Q3 25 | $-67.4M | $84.4M | ||
| Q2 25 | $16.7M | $84.6M | ||
| Q1 25 | $-1.8M | $81.1M | ||
| Q4 24 | $7.5M | $65.2M | ||
| Q3 24 | $21.2M | $75.9M | ||
| Q2 24 | $6.0M | $67.7M |
毛利率AVAVTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 22.0% | 45.5% | ||
| Q3 25 | 20.9% | 47.2% | ||
| Q2 25 | 36.5% | 45.8% | ||
| Q1 25 | 37.7% | 47.3% | ||
| Q4 24 | 39.1% | 43.8% | ||
| Q3 24 | 43.0% | 43.7% | ||
| Q2 24 | 38.4% | 44.0% |
营业利润率AVAVTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | -6.4% | 13.0% | ||
| Q3 25 | -15.2% | 16.4% | ||
| Q2 25 | 5.0% | 16.0% | ||
| Q1 25 | -1.8% | 15.8% | ||
| Q4 24 | 3.7% | 13.2% | ||
| Q3 24 | 12.2% | 15.2% | ||
| Q2 24 | 3.0% | 14.4% |
净利率AVAVTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | -3.6% | 11.4% | ||
| Q3 25 | -14.8% | 14.2% | ||
| Q2 25 | 6.1% | 14.2% | ||
| Q1 25 | -1.0% | 14.3% | ||
| Q4 24 | 4.0% | 12.1% | ||
| Q3 24 | 11.2% | 14.0% | ||
| Q2 24 | 3.1% | 12.5% |
每股收益（稀释后）AVAVTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $-0.34 | $1.50 | ||
| Q3 25 | $-1.44 | $1.93 | ||
| Q2 25 | $0.59 | $1.93 | ||
| Q1 25 | $-0.06 | $1.84 | ||
| Q4 24 | $0.27 | $1.48 | ||
| Q3 24 | $0.75 | $1.74 | ||
| Q2 24 | $0.18 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $3.6B |
| 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AVAVTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $588.5M | $1.1B | ||
| Q3 25 | $685.8M | $950.8M | ||
| Q2 25 | $40.9M | $892.3M | ||
| Q1 25 | $47.0M | $807.4M | ||
| Q4 24 | $69.0M | $768.0M | ||
| Q3 24 | $81.2M | $544.3M | ||
| Q2 24 | $73.3M | $258.0M |
总债务AVAVTYL
| Q1 26 | — | — | ||
| Q4 25 | $747.5M | $599.7M | ||
| Q3 25 | $747.5M | $599.2M | ||
| Q2 25 | $30.0M | $598.8M | ||
| Q1 25 | $25.0M | $598.4M | ||
| Q4 24 | $15.0M | $597.9M | ||
| Q3 24 | $17.5M | $597.5M | ||
| Q2 24 | $28.0M | $597.1M |
股东权益AVAVTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $4.4B | $3.7B | ||
| Q3 25 | $4.4B | $3.6B | ||
| Q2 25 | $886.5M | $3.6B | ||
| Q1 25 | $861.1M | $3.5B | ||
| Q4 24 | $858.4M | $3.4B | ||
| Q3 24 | $845.5M | $3.3B | ||
| Q2 24 | $822.7M | $3.1B |
总资产AVAVTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $5.6B | $5.6B | ||
| Q3 25 | $5.6B | $5.5B | ||
| Q2 25 | $1.1B | $5.4B | ||
| Q1 25 | $1.0B | $5.2B | ||
| Q4 24 | $1.0B | $5.2B | ||
| Q3 24 | $999.2M | $5.0B | ||
| Q2 24 | $1.0B | $4.8B |
负债/权益比AVAVTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.17× | 0.16× | ||
| Q3 25 | 0.17× | 0.17× | ||
| Q2 25 | 0.03× | 0.16× | ||
| Q1 25 | 0.03× | 0.17× | ||
| Q4 24 | 0.02× | 0.18× | ||
| Q3 24 | 0.02× | 0.18× | ||
| Q2 24 | 0.03× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $2.0M |
| 自由现金流率自由现金流/营收 | -11.8% | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $585.7M |
8季度趋势，按日历期对齐
经营现金流AVAVTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $-45.1M | $243.9M | ||
| Q3 25 | $-123.7M | $255.2M | ||
| Q2 25 | $-264.0K | $98.3M | ||
| Q1 25 | $-25.8M | $56.2M | ||
| Q4 24 | $-3.6M | $224.8M | ||
| Q3 24 | $28.4M | $263.7M | ||
| Q2 24 | $-11.7M | $64.3M |
自由现金流AVAVTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $-55.9M | $239.6M | ||
| Q3 25 | $-146.5M | $251.3M | ||
| Q2 25 | $-8.8M | $92.8M | ||
| Q1 25 | $-29.6M | $53.8M | ||
| Q4 24 | $-8.7M | $221.0M | ||
| Q3 24 | $22.9M | $260.8M | ||
| Q2 24 | $-20.8M | $57.7M |
自由现金流率AVAVTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | -11.8% | 41.7% | ||
| Q3 25 | -32.2% | 42.2% | ||
| Q2 25 | -3.2% | 15.6% | ||
| Q1 25 | -17.7% | 9.5% | ||
| Q4 24 | -4.6% | 40.8% | ||
| Q3 24 | 12.1% | 48.0% | ||
| Q2 24 | -10.5% | 10.7% |
资本支出强度AVAVTYL
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 0.8% | ||
| Q3 25 | 5.0% | 0.7% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 2.3% | 0.4% | ||
| Q4 24 | 2.7% | 0.7% | ||
| Q3 24 | 2.9% | 0.5% | ||
| Q2 24 | 4.6% | 1.2% |
现金转化率AVAVTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | -0.02× | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | -0.48× | 3.45× | ||
| Q3 24 | 1.34× | 3.47× | ||
| Q2 24 | -1.93× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
