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AVIAT NETWORKS, INC.（AVNW）与PATHWARD FINANCIAL, INC.（CASH）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是AVIAT NETWORKS, INC.的2.5倍（$276.3M vs $111.5M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 5.1%，领先21.3%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 0.3%）
Aviat Networks是全球领先的微波传输与回传解决方案供应商，为公共及私营通信运营商提供通信基础设施支撑，同时也面向企业客户提供相关产品与服务，助力客户构建稳定高效的通信网络。
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
AVNW vs CASH — 直观对比
营收规模更大
CASH
是对方的2.5倍
$111.5M
净利率更高
CASH
高出21.3%
5.1%
两年增速更快
CASH
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $276.3M |
| 净利润 | $5.7M | $72.9M |
| 毛利率 | 32.4% | — |
| 营业利润率 | 6.5% | — |
| 净利率 | 5.1% | 26.4% |
| 营收同比 | -5.7% | — |
| 净利润同比 | 27.2% | — |
| 每股收益（稀释后） | $0.44 | $3.35 |
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AVNWCASH
| Q1 26 | — | $276.3M | ||
| Q4 25 | $111.5M | $173.1M | ||
| Q3 25 | $107.3M | $186.7M | ||
| Q2 25 | $115.3M | $195.8M | ||
| Q1 25 | $112.6M | $274.8M | ||
| Q4 24 | $118.2M | $182.6M | ||
| Q3 24 | $88.4M | $179.5M | ||
| Q2 24 | $116.7M | $188.6M |
净利润AVNWCASH
| Q1 26 | — | $72.9M | ||
| Q4 25 | $5.7M | $35.2M | ||
| Q3 25 | $162.0K | $38.8M | ||
| Q2 25 | $5.2M | $42.1M | ||
| Q1 25 | $3.5M | $75.0M | ||
| Q4 24 | $4.5M | $30.0M | ||
| Q3 24 | $-11.9M | $33.5M | ||
| Q2 24 | $1.5M | $44.9M |
毛利率AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 35.3% | — |
营业利润率AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 24.6% | ||
| Q3 25 | 4.8% | 25.9% | ||
| Q2 25 | 7.7% | 24.1% | ||
| Q1 25 | 8.3% | 33.2% | ||
| Q4 24 | 6.7% | 19.8% | ||
| Q3 24 | -17.6% | 20.9% | ||
| Q2 24 | 4.7% | 27.1% |
净利率AVNWCASH
| Q1 26 | — | 26.4% | ||
| Q4 25 | 5.1% | 20.3% | ||
| Q3 25 | 0.2% | 20.8% | ||
| Q2 25 | 4.5% | 21.5% | ||
| Q1 25 | 3.1% | 27.3% | ||
| Q4 24 | 3.8% | 16.4% | ||
| Q3 24 | -13.4% | 18.7% | ||
| Q2 24 | 1.3% | 23.8% |
每股收益（稀释后）AVNWCASH
| Q1 26 | — | $3.35 | ||
| Q4 25 | $0.44 | $1.57 | ||
| Q3 25 | $0.01 | $1.69 | ||
| Q2 25 | $0.42 | $1.81 | ||
| Q1 25 | $0.27 | $3.14 | ||
| Q4 24 | $0.35 | $1.23 | ||
| Q3 24 | $-0.94 | $1.34 | ||
| Q2 24 | $0.11 | $1.78 |
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 | $86.5M | $157.6M |
| 总债务越低越好 | $105.4M | $59.5M |
| 股东权益账面价值 | $271.6M | $850.7M |
| 总资产 | $659.4M | $7.1B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资AVNWCASH
| Q1 26 | — | $157.6M | ||
| Q4 25 | $86.5M | $331.2M | ||
| Q3 25 | $64.8M | $120.6M | ||
| Q2 25 | $59.7M | $258.3M | ||
| Q1 25 | $49.4M | $254.2M | ||
| Q4 24 | $52.6M | $597.4M | ||
| Q3 24 | $51.0M | $158.3M | ||
| Q2 24 | $64.6M | $298.9M |
总债务AVNWCASH
| Q1 26 | — | $59.5M | ||
| Q4 25 | $105.4M | $33.5M | ||
| Q3 25 | $106.5M | $33.5M | ||
| Q2 25 | $87.6M | $33.4M | ||
| Q1 25 | $73.9M | $33.4M | ||
| Q4 24 | $74.9M | $33.4M | ||
| Q3 24 | $83.4M | $33.4M | ||
| Q2 24 | $48.4M | $33.3M |
股东权益AVNWCASH
| Q1 26 | — | $850.7M | ||
| Q4 25 | $271.6M | $854.5M | ||
| Q3 25 | $263.6M | $858.0M | ||
| Q2 25 | $263.2M | $819.0M | ||
| Q1 25 | $256.1M | $814.7M | ||
| Q4 24 | $249.6M | $758.3M | ||
| Q3 24 | $247.1M | $822.5M | ||
| Q2 24 | $255.9M | $748.4M |
总资产AVNWCASH
| Q1 26 | — | $7.1B | ||
| Q4 25 | $659.4M | $7.6B | ||
| Q3 25 | $643.3M | $7.2B | ||
| Q2 25 | $633.3M | $7.2B | ||
| Q1 25 | $628.3M | $7.0B | ||
| Q4 24 | $594.1M | $7.6B | ||
| Q3 24 | $590.9M | $7.5B | ||
| Q2 24 | $535.2M | $7.5B |
负债/权益比AVNWCASH
| Q1 26 | — | 0.07× | ||
| Q4 25 | 0.39× | 0.04× | ||
| Q3 25 | 0.40× | 0.04× | ||
| Q2 25 | 0.33× | 0.04× | ||
| Q1 25 | 0.29× | 0.04× | ||
| Q4 24 | 0.30× | 0.04× | ||
| Q3 24 | 0.34× | 0.04× | ||
| Q2 24 | 0.19× | 0.04× |
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 | $23.9M | — |
| 自由现金流经营现金流 - 资本支出 | $22.5M | — |
| 自由现金流率自由现金流/营收 | 20.2% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 4.18× | — |
| 过去12个月自由现金流最近4个季度 | $16.1M | — |
8季度趋势，按日历期对齐
经营现金流AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $108.3M | ||
| Q3 25 | $-11.7M | $303.7M | ||
| Q2 25 | $10.5M | $30.4M | ||
| Q1 25 | $1.6M | $188.3M | ||
| Q4 24 | $20.8M | $-71.7M | ||
| Q3 24 | $-27.2M | $143.1M | ||
| Q2 24 | $8.3M | $113.2M |
自由现金流AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $104.1M | ||
| Q3 25 | $-13.5M | $300.3M | ||
| Q2 25 | $8.2M | $27.7M | ||
| Q1 25 | $-1.2M | $184.7M | ||
| Q4 24 | $18.3M | $-73.8M | ||
| Q3 24 | $-32.6M | $138.8M | ||
| Q2 24 | $7.5M | $111.0M |
自由现金流率AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 60.1% | ||
| Q3 25 | -12.6% | 160.9% | ||
| Q2 25 | 7.1% | 14.1% | ||
| Q1 25 | -1.0% | 67.2% | ||
| Q4 24 | 15.5% | -40.4% | ||
| Q3 24 | -36.8% | 77.3% | ||
| Q2 24 | 6.4% | 58.8% |
资本支出强度AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 2.0% | 1.4% | ||
| Q1 25 | 2.5% | 1.3% | ||
| Q4 24 | 2.1% | 1.1% | ||
| Q3 24 | 6.1% | 2.4% | ||
| Q2 24 | 0.7% | 1.2% |
现金转化率AVNWCASH
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 3.08× | ||
| Q3 25 | -72.48× | 7.83× | ||
| Q2 25 | 2.02× | 0.72× | ||
| Q1 25 | 0.46× | 2.51× | ||
| Q4 24 | 4.62× | -2.39× | ||
| Q3 24 | — | 4.27× | ||
| Q2 24 | 5.37× | 2.52× |
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
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
