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AVIAT NETWORKS, INC.（AVNW）与PDF SOLUTIONS INC（PDFS）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PDF SOLUTIONS INC的1.8倍（$111.5M vs $62.4M），AVIAT NETWORKS, INC.净利率更高（5.1% vs -0.1%，领先5.2%），PDF SOLUTIONS INC同比增速更快（24.6% vs -5.7%），AVIAT NETWORKS, INC.自由现金流更多（$22.5M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% 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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
AVNW vs PDFS — 直观对比
营收规模更大
AVNW
是对方的1.8倍
$62.4M
营收增速更快
PDFS
高出30.3%
-5.7%
净利率更高
AVNW
高出5.2%
-0.1%
自由现金流更多
AVNW
多$14.9M
$7.5M
两年增速更快
PDFS
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $62.4M |
| 净利润 | $5.7M | $-48.0K |
| 毛利率 | 32.4% | 72.9% |
| 营业利润率 | 6.5% | 5.5% |
| 净利率 | 5.1% | -0.1% |
| 营收同比 | -5.7% | 24.6% |
| 净利润同比 | 27.2% | -108.9% |
| 每股收益（稀释后） | $0.44 | $0.00 |
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AVNWPDFS
| Q4 25 | $111.5M | $62.4M | ||
| Q3 25 | $107.3M | $57.1M | ||
| Q2 25 | $115.3M | $51.7M | ||
| Q1 25 | $112.6M | $47.8M | ||
| Q4 24 | $118.2M | $50.1M | ||
| Q3 24 | $88.4M | $46.4M | ||
| Q2 24 | $116.7M | $41.7M | ||
| Q1 24 | $110.8M | $41.3M |
净利润AVNWPDFS
| Q4 25 | $5.7M | $-48.0K | ||
| Q3 25 | $162.0K | $1.3M | ||
| Q2 25 | $5.2M | $1.1M | ||
| Q1 25 | $3.5M | $-3.0M | ||
| Q4 24 | $4.5M | $539.0K | ||
| Q3 24 | $-11.9M | $2.2M | ||
| Q2 24 | $1.5M | $1.7M | ||
| Q1 24 | $3.9M | $-393.0K |
毛利率AVNWPDFS
| Q4 25 | 32.4% | 72.9% | ||
| Q3 25 | 33.2% | 72.3% | ||
| Q2 25 | 34.2% | 71.2% | ||
| Q1 25 | 34.9% | 72.9% | ||
| Q4 24 | 34.6% | 68.3% | ||
| Q3 24 | 22.4% | 73.1% | ||
| Q2 24 | 35.3% | 70.6% | ||
| Q1 24 | 32.5% | 67.3% |
营业利润率AVNWPDFS
| Q4 25 | 6.5% | 5.5% | ||
| Q3 25 | 4.8% | 8.5% | ||
| Q2 25 | 7.7% | 2.2% | ||
| Q1 25 | 8.3% | -7.4% | ||
| Q4 24 | 6.7% | 1.0% | ||
| Q3 24 | -17.6% | 4.6% | ||
| Q2 24 | 4.7% | 0.6% | ||
| Q1 24 | 5.1% | -4.7% |
净利率AVNWPDFS
| Q4 25 | 5.1% | -0.1% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | 4.5% | 2.2% | ||
| Q1 25 | 3.1% | -6.3% | ||
| Q4 24 | 3.8% | 1.1% | ||
| Q3 24 | -13.4% | 4.8% | ||
| Q2 24 | 1.3% | 4.1% | ||
| Q1 24 | 3.5% | -1.0% |
每股收益（稀释后）AVNWPDFS
| Q4 25 | $0.44 | $0.00 | ||
| Q3 25 | $0.01 | $0.03 | ||
| Q2 25 | $0.42 | $0.03 | ||
| Q1 25 | $0.27 | $-0.08 | ||
| Q4 24 | $0.35 | $0.01 | ||
| Q3 24 | $-0.94 | $0.06 | ||
| Q2 24 | $0.11 | $0.04 | ||
| Q1 24 | $0.30 | $-0.01 |
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 | $42.2M |
| 总债务越低越好 | $105.4M | $67.0M |
| 股东权益账面价值 | $271.6M | $271.0M |
| 总资产 | $659.4M | $418.7M |
| 负债/权益比越低杠杆越低 | 0.39× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资AVNWPDFS
| Q4 25 | $86.5M | $42.2M | ||
| Q3 25 | $64.8M | $35.9M | ||
| Q2 25 | $59.7M | $40.4M | ||
| Q1 25 | $49.4M | $54.1M | ||
| Q4 24 | $52.6M | $114.9M | ||
| Q3 24 | $51.0M | $120.2M | ||
| Q2 24 | $64.6M | $117.9M | ||
| Q1 24 | $59.2M | $122.9M |
总债务AVNWPDFS
| Q4 25 | $105.4M | $67.0M | ||
| Q3 25 | $106.5M | $67.6M | ||
| Q2 25 | $87.6M | $68.1M | ||
| Q1 25 | $73.9M | $68.7M | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
股东权益AVNWPDFS
| Q4 25 | $271.6M | $271.0M | ||
| Q3 25 | $263.6M | $264.4M | ||
| Q2 25 | $263.2M | $257.5M | ||
| Q1 25 | $256.1M | $249.0M | ||
| Q4 24 | $249.6M | $246.0M | ||
| Q3 24 | $247.1M | $240.5M | ||
| Q2 24 | $255.9M | $232.2M | ||
| Q1 24 | $256.0M | $225.4M |
总资产AVNWPDFS
| Q4 25 | $659.4M | $418.7M | ||
| Q3 25 | $643.3M | $406.4M | ||
| Q2 25 | $633.3M | $391.1M | ||
| Q1 25 | $628.3M | $390.0M | ||
| Q4 24 | $594.1M | $315.3M | ||
| Q3 24 | $590.9M | $307.4M | ||
| Q2 24 | $535.2M | $298.0M | ||
| Q1 24 | $490.3M | $286.8M |
负债/权益比AVNWPDFS
| Q4 25 | 0.39× | 0.25× | ||
| Q3 25 | 0.40× | 0.26× | ||
| Q2 25 | 0.33× | 0.26× | ||
| Q1 25 | 0.29× | 0.28× | ||
| 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $7.5M |
| 自由现金流率自由现金流/营收 | 20.2% | 12.1% |
| 资本支出强度资本支出/营收 | 1.3% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流AVNWPDFS
| Q4 25 | $23.9M | $17.3M | ||
| Q3 25 | $-11.7M | $3.3M | ||
| Q2 25 | $10.5M | $-5.2M | ||
| Q1 25 | $1.6M | $8.6M | ||
| Q4 24 | $20.8M | $1.6M | ||
| Q3 24 | $-27.2M | $9.3M | ||
| Q2 24 | $8.3M | $684.0K | ||
| Q1 24 | $15.3M | $-1.9M |
自由现金流AVNWPDFS
| Q4 25 | $22.5M | $7.5M | ||
| Q3 25 | $-13.5M | $-2.9M | ||
| Q2 25 | $8.2M | $-13.8M | ||
| Q1 25 | $-1.2M | $535.0K | ||
| Q4 24 | $18.3M | $-4.0M | ||
| Q3 24 | $-32.6M | $5.1M | ||
| Q2 24 | $7.5M | $-4.6M | ||
| Q1 24 | $14.8M | $-3.9M |
自由现金流率AVNWPDFS
| Q4 25 | 20.2% | 12.1% | ||
| Q3 25 | -12.6% | -5.1% | ||
| Q2 25 | 7.1% | -26.6% | ||
| Q1 25 | -1.0% | 1.1% | ||
| Q4 24 | 15.5% | -8.0% | ||
| Q3 24 | -36.8% | 11.0% | ||
| Q2 24 | 6.4% | -11.1% | ||
| Q1 24 | 13.4% | -9.4% |
资本支出强度AVNWPDFS
| Q4 25 | 1.3% | 15.7% | ||
| Q3 25 | 1.6% | 10.8% | ||
| Q2 25 | 2.0% | 16.5% | ||
| Q1 25 | 2.5% | 17.0% | ||
| Q4 24 | 2.1% | 11.3% | ||
| Q3 24 | 6.1% | 9.0% | ||
| Q2 24 | 0.7% | 12.8% | ||
| Q1 24 | 0.4% | 4.9% |
现金转化率AVNWPDFS
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 2.54× | ||
| Q2 25 | 2.02× | -4.55× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | 5.37× | 0.40× | ||
| 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% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
