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AVIAT NETWORKS, INC.（AVNW）与Cambium Networks Corp（CMBM）财务数据对比。点击上方公司名可切换其他公司
AVIAT NETWORKS, INC.的季度营收约是Cambium Networks Corp的2.8倍（$111.5M vs $40.3M）。AVIAT NETWORKS, INC.净利率更高（5.1% vs -17.9%，领先23.1%）。AVIAT NETWORKS, INC.同比增速更快（-5.7% vs -23.2%）。AVIAT NETWORKS, INC.自由现金流更多（$22.5M vs $-10.8M）。过去两年AVIAT NETWORKS, INC.的营收复合增速更高（0.3% vs -27.2%）
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。
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
AVNW vs CMBM — 直观对比
营收规模更大
AVNW
是对方的2.8倍
$40.3M
营收增速更快
AVNW
高出17.5%
-23.2%
净利率更高
AVNW
高出23.1%
-17.9%
自由现金流更多
AVNW
多$33.3M
$-10.8M
两年增速更快
AVNW
近两年复合增速
-27.2%
损益表 — Q2 2026 vs Q4 2024
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $40.3M |
| 净利润 | $5.7M | $-7.2M |
| 毛利率 | 32.4% | 36.6% |
| 营业利润率 | 6.5% | -28.4% |
| 净利率 | 5.1% | -17.9% |
| 营收同比 | -5.7% | -23.2% |
| 净利润同比 | 27.2% | 71.0% |
| 每股收益（稀释后） | $0.44 | $-0.26 |
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AVNWCMBM
| Q4 25 | $111.5M | — | ||
| Q3 25 | $107.3M | — | ||
| Q2 25 | $115.3M | — | ||
| Q1 25 | $112.6M | — | ||
| Q4 24 | $118.2M | $40.3M | ||
| Q3 24 | $88.4M | $44.7M | ||
| Q2 24 | $116.7M | $45.2M | ||
| Q1 24 | $110.8M | $47.1M |
净利润AVNWCMBM
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $4.5M | $-7.2M | ||
| Q3 24 | $-11.9M | $-34.5M | ||
| Q2 24 | $1.5M | $-14.2M | ||
| Q1 24 | $3.9M | $-18.4M |
毛利率AVNWCMBM
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | 36.6% | ||
| Q3 24 | 22.4% | 43.6% | ||
| Q2 24 | 35.3% | 32.5% | ||
| Q1 24 | 32.5% | 29.8% |
营业利润率AVNWCMBM
| Q4 25 | 6.5% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 6.7% | -28.4% | ||
| Q3 24 | -17.6% | -69.6% | ||
| Q2 24 | 4.7% | -27.2% | ||
| Q1 24 | 5.1% | -33.1% |
净利率AVNWCMBM
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 3.8% | -17.9% | ||
| Q3 24 | -13.4% | -77.3% | ||
| Q2 24 | 1.3% | -31.5% | ||
| Q1 24 | 3.5% | -39.2% |
每股收益（稀释后）AVNWCMBM
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.35 | $-0.26 | ||
| Q3 24 | $-0.94 | $-1.22 | ||
| Q2 24 | $0.11 | $-0.51 | ||
| Q1 24 | $0.30 | $-0.66 |
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 | — |
| 总债务越低越好 | $105.4M | $67.6M |
| 股东权益账面价值 | $271.6M | $-3.2M |
| 总资产 | $659.4M | $173.7M |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNWCMBM
| Q4 25 | $86.5M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $49.4M | — | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $64.6M | — | ||
| Q1 24 | $59.2M | — |
总债务AVNWCMBM
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | $67.6M | ||
| Q3 24 | $83.4M | $67.6M | ||
| Q2 24 | $48.4M | $68.9M | ||
| Q1 24 | $48.9M | $63.8M |
股东权益AVNWCMBM
| Q4 25 | $271.6M | — | ||
| Q3 25 | $263.6M | — | ||
| Q2 25 | $263.2M | — | ||
| Q1 25 | $256.1M | — | ||
| Q4 24 | $249.6M | $-3.2M | ||
| Q3 24 | $247.1M | $1.9M | ||
| Q2 24 | $255.9M | $34.1M | ||
| Q1 24 | $256.0M | $45.0M |
总资产AVNWCMBM
| Q4 25 | $659.4M | — | ||
| Q3 25 | $643.3M | — | ||
| Q2 25 | $633.3M | — | ||
| Q1 25 | $628.3M | — | ||
| Q4 24 | $594.1M | $173.7M | ||
| Q3 24 | $590.9M | $194.3M | ||
| Q2 24 | $535.2M | $221.1M | ||
| Q1 24 | $490.3M | $219.8M |
负债/权益比AVNWCMBM
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | 36.12× | ||
| Q2 24 | 0.19× | 2.02× | ||
| Q1 24 | 0.19× | 1.42× |
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 | $-10.4M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $-10.8M |
| 自由现金流率自由现金流/营收 | 20.2% | -26.8% |
| 资本支出强度资本支出/营收 | 1.3% | 1.1% |
| 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 | $-21.4M |
8季度趋势，按日历期对齐
经营现金流AVNWCMBM
| Q4 25 | $23.9M | — | ||
| Q3 25 | $-11.7M | — | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $20.8M | $-10.4M | ||
| Q3 24 | $-27.2M | $8.9M | ||
| Q2 24 | $8.3M | $2.4M | ||
| Q1 24 | $15.3M | $-15.9M |
自由现金流AVNWCMBM
| Q4 25 | $22.5M | — | ||
| Q3 25 | $-13.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $18.3M | $-10.8M | ||
| Q3 24 | $-32.6M | $6.8M | ||
| Q2 24 | $7.5M | $87.0K | ||
| Q1 24 | $14.8M | $-17.4M |
自由现金流率AVNWCMBM
| Q4 25 | 20.2% | — | ||
| Q3 25 | -12.6% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | 15.5% | -26.8% | ||
| Q3 24 | -36.8% | 15.2% | ||
| Q2 24 | 6.4% | 0.2% | ||
| Q1 24 | 13.4% | -37.0% |
资本支出强度AVNWCMBM
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.1% | 1.1% | ||
| Q3 24 | 6.1% | 4.8% | ||
| Q2 24 | 0.7% | 5.1% | ||
| Q1 24 | 0.4% | 3.3% |
现金转化率AVNWCMBM
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | — | ||
| Q1 24 | 3.96× | — |
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% |
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
