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AVIAT NETWORKS, INC.（AVNW）与HARMONIC INC.（HLIT）财务数据对比。点击上方公司名可切换其他公司
HARMONIC INC.净利率更高（103.4% vs 5.1%，领先98.3%）。AVIAT NETWORKS, INC.同比增速更快（-5.7% vs -267.6%）。AVIAT NETWORKS, INC.自由现金流更多（$22.5M vs $9.6M）。过去两年HARMONIC INC.的营收复合增速更高（NaN% vs NaN%）
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。
哈莫尼克（Harmonic Inc.）是一家美国科技企业，核心业务为研发并销售视频路由、服务器与存储产品，主要服务对象是从事电视及互联网视频内容生产、处理与分发的企业，在视频基础设施领域拥有深厚的技术积累。
AVNW vs HLIT — 直观对比
营收规模更大
AVNW
是对方的-2.1倍
$-53.0M
营收增速更快
AVNW
高出261.9%
-267.6%
净利率更高
HLIT
高出98.3%
5.1%
自由现金流更多
AVNW
多$12.9M
$9.6M
两年增速更快
HLIT
近两年复合增速
0.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $-53.0M |
| 净利润 | $5.7M | $-54.8M |
| 毛利率 | 32.4% | 103.3% |
| 营业利润率 | 6.5% | — |
| 净利率 | 5.1% | 103.4% |
| 营收同比 | -5.7% | -267.6% |
| 净利润同比 | 27.2% | -243.8% |
| 每股收益（稀释后） | $0.44 | $-0.48 |
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AVNWHLIT
| Q4 25 | $111.5M | $-53.0M | ||
| Q3 25 | $107.3M | $142.4M | ||
| Q2 25 | $115.3M | $138.0M | ||
| Q1 25 | $112.6M | $133.1M | ||
| Q4 24 | $118.2M | $31.6M | ||
| Q3 24 | $88.4M | $195.8M | ||
| Q2 24 | $116.7M | $138.7M | ||
| Q1 24 | $110.8M | $122.1M |
净利润AVNWHLIT
| Q4 25 | $5.7M | $-54.8M | ||
| Q3 25 | $162.0K | $2.7M | ||
| Q2 25 | $5.2M | $2.9M | ||
| Q1 25 | $3.5M | $5.9M | ||
| Q4 24 | $4.5M | $38.1M | ||
| Q3 24 | $-11.9M | $21.7M | ||
| Q2 24 | $1.5M | $-12.5M | ||
| Q1 24 | $3.9M | $-8.1M |
毛利率AVNWHLIT
| Q4 25 | 32.4% | 103.3% | ||
| Q3 25 | 33.2% | 54.2% | ||
| Q2 25 | 34.2% | 53.5% | ||
| Q1 25 | 34.9% | 59.0% | ||
| Q4 24 | 34.6% | -3.7% | ||
| Q3 24 | 22.4% | 53.5% | ||
| Q2 24 | 35.3% | 52.9% | ||
| Q1 24 | 32.5% | 51.7% |
营业利润率AVNWHLIT
| Q4 25 | 6.5% | — | ||
| Q3 25 | 4.8% | 6.9% | ||
| Q2 25 | 7.7% | 2.8% | ||
| Q1 25 | 8.3% | 7.6% | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | -17.6% | 18.1% | ||
| Q2 24 | 4.7% | -11.3% | ||
| Q1 24 | 5.1% | -7.8% |
净利率AVNWHLIT
| Q4 25 | 5.1% | 103.4% | ||
| Q3 25 | 0.2% | 1.9% | ||
| Q2 25 | 4.5% | 2.1% | ||
| Q1 25 | 3.1% | 4.5% | ||
| Q4 24 | 3.8% | 120.5% | ||
| Q3 24 | -13.4% | 11.1% | ||
| Q2 24 | 1.3% | -9.0% | ||
| Q1 24 | 3.5% | -6.6% |
每股收益（稀释后）AVNWHLIT
| Q4 25 | $0.44 | $-0.48 | ||
| Q3 25 | $0.01 | $0.02 | ||
| Q2 25 | $0.42 | $0.03 | ||
| Q1 25 | $0.27 | $0.05 | ||
| Q4 24 | $0.35 | $0.32 | ||
| Q3 24 | $-0.94 | $0.19 | ||
| Q2 24 | $0.11 | $-0.11 | ||
| Q1 24 | $0.30 | $-0.07 |
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 | $124.1M |
| 总债务越低越好 | $105.4M | $112.1M |
| 股东权益账面价值 | $271.6M | $383.2M |
| 总资产 | $659.4M | $718.5M |
| 负债/权益比越低杠杆越低 | 0.39× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资AVNWHLIT
| Q4 25 | $86.5M | $124.1M | ||
| Q3 25 | $64.8M | $127.4M | ||
| Q2 25 | $59.7M | $123.9M | ||
| Q1 25 | $49.4M | $148.7M | ||
| Q4 24 | $52.6M | $101.5M | ||
| Q3 24 | $51.0M | $58.2M | ||
| Q2 24 | $64.6M | $45.9M | ||
| Q1 24 | $59.2M | $84.3M |
总债务AVNWHLIT
| Q4 25 | $105.4M | $112.1M | ||
| Q3 25 | $106.5M | $112.8M | ||
| Q2 25 | $87.6M | $113.3M | ||
| Q1 25 | $73.9M | $113.8M | ||
| Q4 24 | $74.9M | $114.3M | ||
| Q3 24 | $83.4M | $114.8M | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
股东权益AVNWHLIT
| Q4 25 | $271.6M | $383.2M | ||
| Q3 25 | $263.6M | $443.0M | ||
| Q2 25 | $263.2M | $446.4M | ||
| Q1 25 | $256.1M | $446.1M | ||
| Q4 24 | $249.6M | $465.3M | ||
| Q3 24 | $247.1M | $428.9M | ||
| Q2 24 | $255.9M | $392.8M | ||
| Q1 24 | $256.0M | $409.2M |
总资产AVNWHLIT
| Q4 25 | $659.4M | $718.5M | ||
| Q3 25 | $643.3M | $758.6M | ||
| Q2 25 | $633.3M | $783.3M | ||
| Q1 25 | $628.3M | $773.7M | ||
| Q4 24 | $594.1M | $796.5M | ||
| Q3 24 | $590.9M | $759.9M | ||
| Q2 24 | $535.2M | $713.7M | ||
| Q1 24 | $490.3M | $740.7M |
负债/权益比AVNWHLIT
| Q4 25 | 0.39× | 0.29× | ||
| Q3 25 | 0.40× | 0.25× | ||
| Q2 25 | 0.33× | 0.25× | ||
| Q1 25 | 0.29× | 0.26× | ||
| Q4 24 | 0.30× | 0.25× | ||
| Q3 24 | 0.34× | 0.27× | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.19× | — |
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 | $12.3M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $9.6M |
| 自由现金流率自由现金流/营收 | 20.2% | -18.1% |
| 资本支出强度资本支出/营收 | 1.3% | -5.0% |
| 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 | $96.9M |
8季度趋势，按日历期对齐
经营现金流AVNWHLIT
| Q4 25 | $23.9M | $12.3M | ||
| Q3 25 | $-11.7M | $23.8M | ||
| Q2 25 | $10.5M | $-11.7M | ||
| Q1 25 | $1.6M | $83.6M | ||
| Q4 24 | $20.8M | $48.5M | ||
| Q3 24 | $-27.2M | $8.7M | ||
| Q2 24 | $8.3M | $-22.2M | ||
| Q1 24 | $15.3M | $26.8M |
自由现金流AVNWHLIT
| Q4 25 | $22.5M | $9.6M | ||
| Q3 25 | $-13.5M | $21.0M | ||
| Q2 25 | $8.2M | $-15.5M | ||
| Q1 25 | $-1.2M | $81.7M | ||
| Q4 24 | $18.3M | $46.2M | ||
| Q3 24 | $-32.6M | $5.7M | ||
| Q2 24 | $7.5M | $-24.1M | ||
| Q1 24 | $14.8M | $24.9M |
自由现金流率AVNWHLIT
| Q4 25 | 20.2% | -18.1% | ||
| Q3 25 | -12.6% | 14.8% | ||
| Q2 25 | 7.1% | -11.2% | ||
| Q1 25 | -1.0% | 61.4% | ||
| Q4 24 | 15.5% | 146.0% | ||
| Q3 24 | -36.8% | 2.9% | ||
| Q2 24 | 6.4% | -17.4% | ||
| Q1 24 | 13.4% | 20.4% |
资本支出强度AVNWHLIT
| Q4 25 | 1.3% | -5.0% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 2.0% | 2.8% | ||
| Q1 25 | 2.5% | 1.4% | ||
| Q4 24 | 2.1% | 7.4% | ||
| Q3 24 | 6.1% | 1.5% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 0.4% | 1.6% |
现金转化率AVNWHLIT
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 8.82× | ||
| Q2 25 | 2.02× | -4.07× | ||
| Q1 25 | 0.46× | 14.07× | ||
| Q4 24 | 4.62× | 1.27× | ||
| Q3 24 | — | 0.40× | ||
| 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% |
HLIT
暂无分部数据
