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AVIAT NETWORKS, INC.（AVNW）与ENERPAC TOOL GROUP CORP（EPAC）财务数据对比。点击上方公司名可切换其他公司
ENERPAC TOOL GROUP CORP的季度营收约是AVIAT NETWORKS, INC.的1.3倍（$144.2M vs $111.5M），ENERPAC TOOL GROUP CORP净利率更高（13.3% vs 5.1%，领先8.1%），ENERPAC TOOL GROUP CORP同比增速更快（-0.7% vs -5.7%），AVIAT NETWORKS, INC.自由现金流更多（$22.5M vs $13.3M），过去两年ENERPAC TOOL GROUP CORP的营收复合增速更高（2.1% 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。
恩派克工具集团前身为Actuant公司，成立于1910年，总部位于美国威斯康星州梅诺莫尼福尔斯，是一家历史悠久的工业工具企业，其普通股在纽约证券交易所上市，股票代码为EPAC。
AVNW vs EPAC — 直观对比
营收规模更大
EPAC
是对方的1.3倍
$111.5M
营收增速更快
EPAC
高出5.0%
-5.7%
净利率更高
EPAC
高出8.1%
5.1%
自由现金流更多
AVNW
多$9.2M
$13.3M
两年增速更快
EPAC
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $144.2M |
| 净利润 | $5.7M | $19.1M |
| 毛利率 | 32.4% | 50.7% |
| 营业利润率 | 6.5% | 19.8% |
| 净利率 | 5.1% | 13.3% |
| 营收同比 | -5.7% | -0.7% |
| 净利润同比 | 27.2% | -11.9% |
| 每股收益（稀释后） | $0.44 | $0.36 |
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AVNWEPAC
| Q4 25 | $111.5M | $144.2M | ||
| Q3 25 | $107.3M | $167.5M | ||
| Q2 25 | $115.3M | $158.7M | ||
| Q1 25 | $112.6M | $145.5M | ||
| Q4 24 | $118.2M | $145.2M | ||
| Q3 24 | $88.4M | $158.7M | ||
| Q2 24 | $116.7M | $150.4M | ||
| Q1 24 | $110.8M | $138.4M |
净利润AVNWEPAC
| Q4 25 | $5.7M | $19.1M | ||
| Q3 25 | $162.0K | $28.1M | ||
| Q2 25 | $5.2M | $22.0M | ||
| Q1 25 | $3.5M | $20.9M | ||
| Q4 24 | $4.5M | $21.7M | ||
| Q3 24 | $-11.9M | $24.4M | ||
| Q2 24 | $1.5M | $25.8M | ||
| Q1 24 | $3.9M | $17.8M |
毛利率AVNWEPAC
| Q4 25 | 32.4% | 50.7% | ||
| Q3 25 | 33.2% | 50.1% | ||
| Q2 25 | 34.2% | 50.4% | ||
| Q1 25 | 34.9% | 50.5% | ||
| Q4 24 | 34.6% | 51.4% | ||
| Q3 24 | 22.4% | 48.8% | ||
| Q2 24 | 35.3% | 51.8% | ||
| Q1 24 | 32.5% | 51.6% |
营业利润率AVNWEPAC
| Q4 25 | 6.5% | 19.8% | ||
| Q3 25 | 4.8% | 23.8% | ||
| Q2 25 | 7.7% | 20.0% | ||
| Q1 25 | 8.3% | 21.2% | ||
| Q4 24 | 6.7% | 21.4% | ||
| Q3 24 | -17.6% | 18.9% | ||
| Q2 24 | 4.7% | 22.2% | ||
| Q1 24 | 5.1% | 21.3% |
净利率AVNWEPAC
| Q4 25 | 5.1% | 13.3% | ||
| Q3 25 | 0.2% | 16.8% | ||
| Q2 25 | 4.5% | 13.9% | ||
| Q1 25 | 3.1% | 14.4% | ||
| Q4 24 | 3.8% | 15.0% | ||
| Q3 24 | -13.4% | 15.4% | ||
| Q2 24 | 1.3% | 17.1% | ||
| Q1 24 | 3.5% | 12.9% |
每股收益（稀释后）AVNWEPAC
| Q4 25 | $0.44 | $0.36 | ||
| Q3 25 | $0.01 | $0.51 | ||
| Q2 25 | $0.42 | $0.41 | ||
| Q1 25 | $0.27 | $0.38 | ||
| Q4 24 | $0.35 | $0.40 | ||
| Q3 24 | $-0.94 | $0.44 | ||
| Q2 24 | $0.11 | $0.47 | ||
| Q1 24 | $0.30 | $0.33 |
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 | $139.0M |
| 总债务越低越好 | $105.4M | $188.8M |
| 股东权益账面价值 | $271.6M | $431.1M |
| 总资产 | $659.4M | $818.1M |
| 负债/权益比越低杠杆越低 | 0.39× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资AVNWEPAC
| Q4 25 | $86.5M | $139.0M | ||
| Q3 25 | $64.8M | $151.6M | ||
| Q2 25 | $59.7M | $140.5M | ||
| Q1 25 | $49.4M | $119.5M | ||
| Q4 24 | $52.6M | $130.7M | ||
| Q3 24 | $51.0M | $167.1M | ||
| Q2 24 | $64.6M | $132.4M | ||
| Q1 24 | $59.2M | $153.7M |
总债务AVNWEPAC
| Q4 25 | $105.4M | $188.8M | ||
| Q3 25 | $106.5M | $190.0M | ||
| Q2 25 | $87.6M | $191.3M | ||
| Q1 25 | $73.9M | $192.5M | ||
| Q4 24 | $74.9M | $193.8M | ||
| Q3 24 | $83.4M | $195.0M | ||
| Q2 24 | $48.4M | $196.3M | ||
| Q1 24 | $48.9M | $245.5M |
股东权益AVNWEPAC
| Q4 25 | $271.6M | $431.1M | ||
| Q3 25 | $263.6M | $433.7M | ||
| Q2 25 | $263.2M | $438.2M | ||
| Q1 25 | $256.1M | $406.0M | ||
| Q4 24 | $249.6M | $398.0M | ||
| Q3 24 | $247.1M | $392.0M | ||
| Q2 24 | $255.9M | $365.8M | ||
| Q1 24 | $256.0M | $336.9M |
总资产AVNWEPAC
| Q4 25 | $659.4M | $818.1M | ||
| Q3 25 | $643.3M | $827.9M | ||
| Q2 25 | $633.3M | $828.1M | ||
| Q1 25 | $628.3M | $776.6M | ||
| Q4 24 | $594.1M | $775.4M | ||
| Q3 24 | $590.9M | $777.3M | ||
| Q2 24 | $535.2M | $749.5M | ||
| Q1 24 | $490.3M | $769.3M |
负债/权益比AVNWEPAC
| Q4 25 | 0.39× | 0.44× | ||
| Q3 25 | 0.40× | 0.44× | ||
| Q2 25 | 0.33× | 0.44× | ||
| Q1 25 | 0.29× | 0.47× | ||
| Q4 24 | 0.30× | 0.49× | ||
| Q3 24 | 0.34× | 0.50× | ||
| Q2 24 | 0.19× | 0.54× | ||
| Q1 24 | 0.19× | 0.73× |
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 | $16.0M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $13.3M |
| 自由现金流率自由现金流/营收 | 20.2% | 9.2% |
| 资本支出强度资本支出/营收 | 1.3% | 1.9% |
| 现金转化率经营现金流/净利润 | 4.18× | 0.84× |
| 过去12个月自由现金流最近4个季度 | $16.1M | $102.5M |
8季度趋势，按日历期对齐
经营现金流AVNWEPAC
| Q4 25 | $23.9M | $16.0M | ||
| Q3 25 | $-11.7M | $55.3M | ||
| Q2 25 | $10.5M | $39.9M | ||
| Q1 25 | $1.6M | $7.5M | ||
| Q4 24 | $20.8M | $8.6M | ||
| Q3 24 | $-27.2M | $44.4M | ||
| Q2 24 | $8.3M | $30.3M | ||
| Q1 24 | $15.3M | $13.3M |
自由现金流AVNWEPAC
| Q4 25 | $22.5M | $13.3M | ||
| Q3 25 | $-13.5M | $52.3M | ||
| Q2 25 | $8.2M | $35.1M | ||
| Q1 25 | $-1.2M | $1.8M | ||
| Q4 24 | $18.3M | $2.8M | ||
| Q3 24 | $-32.6M | $37.9M | ||
| Q2 24 | $7.5M | $28.5M | ||
| Q1 24 | $14.8M | $11.7M |
自由现金流率AVNWEPAC
| Q4 25 | 20.2% | 9.2% | ||
| Q3 25 | -12.6% | 31.2% | ||
| Q2 25 | 7.1% | 22.1% | ||
| Q1 25 | -1.0% | 1.2% | ||
| Q4 24 | 15.5% | 1.9% | ||
| Q3 24 | -36.8% | 23.9% | ||
| Q2 24 | 6.4% | 18.9% | ||
| Q1 24 | 13.4% | 8.5% |
资本支出强度AVNWEPAC
| Q4 25 | 1.3% | 1.9% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 2.0% | 3.1% | ||
| Q1 25 | 2.5% | 3.9% | ||
| Q4 24 | 2.1% | 4.0% | ||
| Q3 24 | 6.1% | 4.1% | ||
| Q2 24 | 0.7% | 1.2% | ||
| Q1 24 | 0.4% | 1.1% |
现金转化率AVNWEPAC
| Q4 25 | 4.18× | 0.84× | ||
| Q3 25 | -72.48× | 1.97× | ||
| Q2 25 | 2.02× | 1.81× | ||
| Q1 25 | 0.46× | 0.36× | ||
| Q4 24 | 4.62× | 0.40× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | 5.37× | 1.18× | ||
| Q1 24 | 3.96× | 0.75× |
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% |
EPAC
| Transferred At Point In Time | $126.0M | 87% |
| Other | $12.1M | 8% |
| Other Operating Segment | $6.1M | 4% |
