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AVIAT NETWORKS, INC.（AVNW）与OneStream, Inc.（OS）财务数据对比。点击上方公司名可切换其他公司
OneStream, Inc.的季度营收约是AVIAT NETWORKS, INC.的1.5倍（$163.7M vs $111.5M），AVIAT NETWORKS, INC.净利率更高（5.1% vs 0.6%，领先4.5%），OneStream, Inc.同比增速更快（23.6% vs -5.7%），OneStream, Inc.自由现金流更多（$25.6M vs $22.5M），过去两年OneStream, Inc.的营收复合增速更高（21.8% 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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
AVNW vs OS — 直观对比
营收规模更大
OS
是对方的1.5倍
$111.5M
营收增速更快
OS
高出29.3%
-5.7%
净利率更高
AVNW
高出4.5%
0.6%
自由现金流更多
OS
多$3.2M
$22.5M
两年增速更快
OS
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $163.7M |
| 净利润 | $5.7M | $999.0K |
| 毛利率 | 32.4% | 69.8% |
| 营业利润率 | 6.5% | -3.2% |
| 净利率 | 5.1% | 0.6% |
| 营收同比 | -5.7% | 23.6% |
| 净利润同比 | 27.2% | — |
| 每股收益（稀释后） | $0.44 | — |
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AVNWOS
| Q4 25 | $111.5M | $163.7M | ||
| Q3 25 | $107.3M | $154.3M | ||
| Q2 25 | $115.3M | $147.6M | ||
| Q1 25 | $112.6M | $136.3M | ||
| Q4 24 | $118.2M | $132.5M | ||
| Q3 24 | $88.4M | $129.1M | ||
| Q2 24 | $116.7M | $117.5M | ||
| Q1 24 | $110.8M | $110.3M |
净利润AVNWOS
| Q4 25 | $5.7M | $999.0K | ||
| Q3 25 | $162.0K | $-8.8M | ||
| Q2 25 | $5.2M | $-18.4M | ||
| Q1 25 | $3.5M | $-24.0M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $-11.9M | $-171.9M | ||
| Q2 24 | $1.5M | $-7.8M | ||
| Q1 24 | $3.9M | $-5.0M |
毛利率AVNWOS
| Q4 25 | 32.4% | 69.8% | ||
| Q3 25 | 33.2% | 68.1% | ||
| Q2 25 | 34.2% | 68.6% | ||
| Q1 25 | 34.9% | 68.0% | ||
| Q4 24 | 34.6% | 66.8% | ||
| Q3 24 | 22.4% | 50.1% | ||
| Q2 24 | 35.3% | 68.5% | ||
| Q1 24 | 32.5% | 69.1% |
营业利润率AVNWOS
| Q4 25 | 6.5% | -3.2% | ||
| Q3 25 | 4.8% | -11.3% | ||
| Q2 25 | 7.7% | -21.8% | ||
| Q1 25 | 8.3% | -29.3% | ||
| Q4 24 | 6.7% | -35.8% | ||
| Q3 24 | -17.6% | -197.6% | ||
| Q2 24 | 4.7% | -9.8% | ||
| Q1 24 | 5.1% | -4.9% |
净利率AVNWOS
| Q4 25 | 5.1% | 0.6% | ||
| Q3 25 | 0.2% | -5.7% | ||
| Q2 25 | 4.5% | -12.5% | ||
| Q1 25 | 3.1% | -17.6% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | -13.4% | -133.1% | ||
| Q2 24 | 1.3% | -6.7% | ||
| Q1 24 | 3.5% | -4.5% |
每股收益（稀释后）AVNWOS
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $-0.94 | $-1.06 | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $0.30 | — |
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 | $693.6M |
| 总债务越低越好 | $105.4M | — |
| 股东权益账面价值 | $271.6M | $504.7M |
| 总资产 | $659.4M | $1.0B |
| 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AVNWOS
| Q4 25 | $86.5M | $693.6M | ||
| Q3 25 | $64.8M | $653.9M | ||
| Q2 25 | $59.7M | $652.1M | ||
| Q1 25 | $49.4M | $593.9M | ||
| Q4 24 | $52.6M | $544.2M | ||
| Q3 24 | $51.0M | $495.5M | ||
| Q2 24 | $64.6M | $140.5M | ||
| Q1 24 | $59.2M | — |
总债务AVNWOS
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
股东权益AVNWOS
| Q4 25 | $271.6M | $504.7M | ||
| Q3 25 | $263.6M | $472.1M | ||
| Q2 25 | $263.2M | $458.2M | ||
| Q1 25 | $256.1M | $412.9M | ||
| Q4 24 | $249.6M | $386.2M | ||
| Q3 24 | $247.1M | $458.2M | ||
| Q2 24 | $255.9M | $97.5M | ||
| Q1 24 | $256.0M | $102.5M |
总资产AVNWOS
| Q4 25 | $659.4M | $1.0B | ||
| Q3 25 | $643.3M | $949.4M | ||
| Q2 25 | $633.3M | $910.5M | ||
| Q1 25 | $628.3M | $867.3M | ||
| Q4 24 | $594.1M | $823.2M | ||
| Q3 24 | $590.9M | $750.1M | ||
| Q2 24 | $535.2M | $379.7M | ||
| Q1 24 | $490.3M | — |
负债/权益比AVNWOS
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | — | ||
| 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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $25.6M |
| 自由现金流率自由现金流/营收 | 20.2% | 15.7% |
| 资本支出强度资本支出/营收 | 1.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.18× | 25.79× |
| 过去12个月自由现金流最近4个季度 | $16.1M | $95.6M |
8季度趋势，按日历期对齐
经营现金流AVNWOS
| Q4 25 | $23.9M | $25.8M | ||
| Q3 25 | $-11.7M | $5.0M | ||
| Q2 25 | $10.5M | $29.7M | ||
| Q1 25 | $1.6M | $36.2M | ||
| Q4 24 | $20.8M | — | ||
| Q3 24 | $-27.2M | $2.4M | ||
| Q2 24 | $8.3M | $8.1M | ||
| Q1 24 | $15.3M | $25.5M |
自由现金流AVNWOS
| Q4 25 | $22.5M | $25.6M | ||
| Q3 25 | $-13.5M | $4.8M | ||
| Q2 25 | $8.2M | $29.4M | ||
| Q1 25 | $-1.2M | $35.8M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $-32.6M | $1.3M | ||
| Q2 24 | $7.5M | $7.7M | ||
| Q1 24 | $14.8M | $24.9M |
自由现金流率AVNWOS
| Q4 25 | 20.2% | 15.7% | ||
| Q3 25 | -12.6% | 3.1% | ||
| Q2 25 | 7.1% | 19.9% | ||
| Q1 25 | -1.0% | 26.3% | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -36.8% | 1.0% | ||
| Q2 24 | 6.4% | 6.6% | ||
| Q1 24 | 13.4% | 22.5% |
资本支出强度AVNWOS
| Q4 25 | 1.3% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 6.1% | 0.8% | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 0.4% | 0.6% |
现金转化率AVNWOS
| Q4 25 | 4.18× | 25.79× | ||
| 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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
