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AeroVironment Inc（AVAV）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是Upstart Holdings, Inc.的1.5倍（$472.5M vs $308.2M），Upstart Holdings, Inc.净利率更高（-2.2% vs -3.6%，领先1.5%），AeroVironment Inc同比增速更快（181.9% vs 44.4%），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 55.4%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
AVAV vs UPST — 直观对比
营收规模更大
AVAV
是对方的1.5倍
$308.2M
营收增速更快
AVAV
高出137.4%
44.4%
净利率更高
UPST
高出1.5%
-3.6%
两年增速更快
AVAV
近两年复合增速
55.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $308.2M |
| 净利润 | $-17.1M | $-6.6M |
| 毛利率 | 22.0% | — |
| 营业利润率 | -6.4% | -2.4% |
| 净利率 | -3.6% | -2.2% |
| 营收同比 | 181.9% | 44.4% |
| 净利润同比 | -875.1% | -171.6% |
| 每股收益（稀释后） | $-0.34 | $-0.07 |
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AVAVUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $472.5M | $296.1M | ||
| Q3 25 | $454.7M | $277.1M | ||
| Q2 25 | $275.1M | $257.3M | ||
| Q1 25 | $167.6M | $213.4M | ||
| Q4 24 | $188.5M | $219.0M | ||
| Q3 24 | $189.5M | $162.1M | ||
| Q2 24 | $197.0M | $127.6M |
净利润AVAVUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $-17.1M | $18.6M | ||
| Q3 25 | $-67.4M | $31.8M | ||
| Q2 25 | $16.7M | $5.6M | ||
| Q1 25 | $-1.8M | $-2.4M | ||
| Q4 24 | $7.5M | $-2.8M | ||
| Q3 24 | $21.2M | $-6.8M | ||
| Q2 24 | $6.0M | $-54.5M |
毛利率AVAVUPST
| Q1 26 | — | — | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 38.4% | — |
营业利润率AVAVUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | -6.4% | 6.4% | ||
| Q3 25 | -15.2% | 8.5% | ||
| Q2 25 | 5.0% | 1.8% | ||
| Q1 25 | -1.8% | -2.1% | ||
| Q4 24 | 3.7% | -2.2% | ||
| Q3 24 | 12.2% | -27.8% | ||
| Q2 24 | 3.0% | -43.5% |
净利率AVAVUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | -3.6% | 6.3% | ||
| Q3 25 | -14.8% | 11.5% | ||
| Q2 25 | 6.1% | 2.2% | ||
| Q1 25 | -1.0% | -1.1% | ||
| Q4 24 | 4.0% | -1.3% | ||
| Q3 24 | 11.2% | -4.2% | ||
| Q2 24 | 3.1% | -42.7% |
每股收益（稀释后）AVAVUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.34 | $0.20 | ||
| Q3 25 | $-1.44 | $0.23 | ||
| Q2 25 | $0.59 | $0.05 | ||
| Q1 25 | $-0.06 | $-0.03 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $0.75 | $-0.07 | ||
| Q2 24 | $0.18 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $733.2M |
| 总资产 | $5.6B | $3.0B |
| 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AVAVUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $588.5M | $652.4M | ||
| Q3 25 | $685.8M | $489.8M | ||
| Q2 25 | $40.9M | $395.9M | ||
| Q1 25 | $47.0M | $599.8M | ||
| Q4 24 | $69.0M | $788.4M | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — |
总债务AVAVUPST
| Q1 26 | — | — | ||
| 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 | — |
股东权益AVAVUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $4.4B | $798.8M | ||
| Q3 25 | $4.4B | $743.7M | ||
| Q2 25 | $886.5M | $722.0M | ||
| Q1 25 | $861.1M | $676.6M | ||
| Q4 24 | $858.4M | $633.2M | ||
| Q3 24 | $845.5M | $595.5M | ||
| Q2 24 | $822.7M | $594.7M |
总资产AVAVUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $5.6B | $3.0B | ||
| Q3 25 | $5.6B | $2.9B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $999.2M | $1.8B | ||
| Q2 24 | $1.0B | $1.8B |
负债/权益比AVAVUPST
| Q1 26 | — | — | ||
| 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× | — |
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 | $-133.3M |
| 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AVAVUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $-45.1M | $108.6M | ||
| Q3 25 | $-123.7M | $-122.6M | ||
| Q2 25 | $-264.0K | $-120.2M | ||
| Q1 25 | $-25.8M | $-13.5M | ||
| Q4 24 | $-3.6M | $-110.9M | ||
| Q3 24 | $28.4M | $179.3M | ||
| Q2 24 | $-11.7M | $65.3M |
自由现金流AVAVUPST
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $108.4M | ||
| Q3 25 | $-146.5M | $-122.7M | ||
| Q2 25 | $-8.8M | $-120.3M | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | $179.2M | ||
| Q2 24 | $-20.8M | $65.3M |
自由现金流率AVAVUPST
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 36.6% | ||
| Q3 25 | -32.2% | -44.3% | ||
| Q2 25 | -3.2% | -46.7% | ||
| Q1 25 | -17.7% | — | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | 110.5% | ||
| Q2 24 | -10.5% | 51.1% |
资本支出强度AVAVUPST
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 5.0% | 0.0% | ||
| Q2 25 | 3.1% | 0.0% | ||
| Q1 25 | 2.3% | 0.0% | ||
| Q4 24 | 2.7% | 0.0% | ||
| Q3 24 | 2.9% | 0.1% | ||
| Q2 24 | 4.6% | 0.0% |
现金转化率AVAVUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | -0.02× | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | — |
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
