vs
AeroVironment Inc（AVAV）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.9倍（$472.5M vs $252.5M），USA Compression Partners, LP净利率更高（11.0% vs -3.6%，领先14.6%），AeroVironment Inc同比增速更快（181.9% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
AVAV vs USAC — 直观对比
营收规模更大
AVAV
是对方的1.9倍
$252.5M
营收增速更快
AVAV
高出179.2%
2.7%
净利率更高
USAC
高出14.6%
-3.6%
自由现金流更多
USAC
多$143.6M
$-55.9M
两年增速更快
AVAV
近两年复合增速
4.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $252.5M |
| 净利润 | $-17.1M | $27.8M |
| 毛利率 | 22.0% | — |
| 营业利润率 | -6.4% | 30.3% |
| 净利率 | -3.6% | 11.0% |
| 营收同比 | 181.9% | 2.7% |
| 净利润同比 | -875.1% | 9.1% |
| 每股收益（稀释后） | $-0.34 | — |
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AVAVUSAC
| Q4 25 | $472.5M | $252.5M | ||
| Q3 25 | $454.7M | $250.3M | ||
| Q2 25 | $275.1M | $250.1M | ||
| Q1 25 | $167.6M | $245.2M | ||
| Q4 24 | $188.5M | $245.9M | ||
| Q3 24 | $189.5M | $240.0M | ||
| Q2 24 | $197.0M | $235.3M | ||
| Q1 24 | $186.6M | $229.3M |
净利润AVAVUSAC
| Q4 25 | $-17.1M | $27.8M | ||
| Q3 25 | $-67.4M | $34.5M | ||
| Q2 25 | $16.7M | $28.6M | ||
| Q1 25 | $-1.8M | $20.5M | ||
| Q4 24 | $7.5M | $25.4M | ||
| Q3 24 | $21.2M | $19.3M | ||
| Q2 24 | $6.0M | $31.2M | ||
| Q1 24 | $13.9M | $23.6M |
毛利率AVAVUSAC
| 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% | — | ||
| Q1 24 | 36.1% | — |
营业利润率AVAVUSAC
| Q4 25 | -6.4% | 30.3% | ||
| Q3 25 | -15.2% | 33.5% | ||
| Q2 25 | 5.0% | 30.6% | ||
| Q1 25 | -1.8% | 28.3% | ||
| Q4 24 | 3.7% | 30.3% | ||
| Q3 24 | 12.2% | 31.5% | ||
| Q2 24 | 3.0% | 32.9% | ||
| Q1 24 | 7.7% | 29.2% |
净利率AVAVUSAC
| Q4 25 | -3.6% | 11.0% | ||
| Q3 25 | -14.8% | 13.8% | ||
| Q2 25 | 6.1% | 11.4% | ||
| Q1 25 | -1.0% | 8.4% | ||
| Q4 24 | 4.0% | 10.3% | ||
| Q3 24 | 11.2% | 8.1% | ||
| Q2 24 | 3.1% | 13.3% | ||
| Q1 24 | 7.4% | 10.3% |
每股收益（稀释后）AVAVUSAC
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-1.44 | — | ||
| Q2 25 | $0.59 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $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 | $8.6M |
| 总债务越低越好 | $747.5M | $2.5B |
| 股东权益账面价值 | $4.4B | — |
| 总资产 | $5.6B | $2.6B |
| 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AVAVUSAC
| Q4 25 | $588.5M | $8.6M | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | $2.0K | ||
| Q1 25 | $47.0M | $2.0K | ||
| Q4 24 | $69.0M | $14.0K | ||
| Q3 24 | $81.2M | $79.0K | ||
| Q2 24 | $73.3M | $9.0K | ||
| Q1 24 | $107.7M | $8.0K |
总债务AVAVUSAC
| Q4 25 | $747.5M | $2.5B | ||
| Q3 25 | $747.5M | $2.5B | ||
| Q2 25 | $30.0M | $2.5B | ||
| Q1 25 | $25.0M | $2.5B | ||
| Q4 24 | $15.0M | $2.5B | ||
| Q3 24 | $17.5M | $2.5B | ||
| Q2 24 | $28.0M | $2.5B | ||
| Q1 24 | $40.0M | $2.5B |
股东权益AVAVUSAC
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $886.5M | — | ||
| Q1 25 | $861.1M | — | ||
| Q4 24 | $858.4M | — | ||
| Q3 24 | $845.5M | — | ||
| Q2 24 | $822.7M | — | ||
| Q1 24 | $813.0M | — |
总资产AVAVUSAC
| Q4 25 | $5.6B | $2.6B | ||
| Q3 25 | $5.6B | $2.7B | ||
| Q2 25 | $1.1B | $2.7B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $999.2M | $2.8B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $980.3M | $2.8B |
负债/权益比AVAVUSAC
| 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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $87.7M |
| 自由现金流率自由现金流/营收 | -11.8% | 34.8% |
| 资本支出强度资本支出/营收 | 2.3% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | $277.0M |
8季度趋势，按日历期对齐
经营现金流AVAVUSAC
| Q4 25 | $-45.1M | $139.5M | ||
| Q3 25 | $-123.7M | $75.9M | ||
| Q2 25 | $-264.0K | $124.2M | ||
| Q1 25 | $-25.8M | $54.7M | ||
| Q4 24 | $-3.6M | $130.2M | ||
| Q3 24 | $28.4M | $48.5M | ||
| Q2 24 | $-11.7M | $96.7M | ||
| Q1 24 | $52.6M | $65.9M |
自由现金流AVAVUSAC
| Q4 25 | $-55.9M | $87.7M | ||
| Q3 25 | $-146.5M | $51.9M | ||
| Q2 25 | $-8.8M | $101.1M | ||
| Q1 25 | $-29.6M | $36.3M | ||
| Q4 24 | $-8.7M | $101.2M | ||
| Q3 24 | $22.9M | $19.8M | ||
| Q2 24 | $-20.8M | $48.2M | ||
| Q1 24 | $48.8M | $-32.7M |
自由现金流率AVAVUSAC
| Q4 25 | -11.8% | 34.8% | ||
| Q3 25 | -32.2% | 20.7% | ||
| Q2 25 | -3.2% | 40.4% | ||
| Q1 25 | -17.7% | 14.8% | ||
| Q4 24 | -4.6% | 41.1% | ||
| Q3 24 | 12.1% | 8.2% | ||
| Q2 24 | -10.5% | 20.5% | ||
| Q1 24 | 26.1% | -14.3% |
资本支出强度AVAVUSAC
| Q4 25 | 2.3% | 20.5% | ||
| Q3 25 | 5.0% | 9.6% | ||
| Q2 25 | 3.1% | 9.3% | ||
| Q1 25 | 2.3% | 7.5% | ||
| Q4 24 | 2.7% | 11.8% | ||
| Q3 24 | 2.9% | 12.0% | ||
| Q2 24 | 4.6% | 20.6% | ||
| Q1 24 | 2.0% | 43.0% |
现金转化率AVAVUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | -0.02× | 4.35× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | -0.48× | 5.12× | ||
| Q3 24 | 1.34× | 2.51× | ||
| Q2 24 | -1.93× | 3.10× | ||
| Q1 24 | 3.79× | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
