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AVIAT NETWORKS, INC.（AVNW）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是AVIAT NETWORKS, INC.的1.7倍（$188.3M vs $111.5M），BRC Group Holdings, Inc.净利率更高（47.9% vs 5.1%，领先42.8%），AVIAT NETWORKS, INC.同比增速更快（-5.7% vs -21.9%），过去两年AVIAT NETWORKS, INC.的营收复合增速更高（0.3% vs -15.4%）
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。
AVNW vs RILY — 直观对比
营收规模更大
RILY
是对方的1.7倍
$111.5M
营收增速更快
AVNW
高出16.2%
-21.9%
净利率更高
RILY
高出42.8%
5.1%
两年增速更快
AVNW
近两年复合增速
-15.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $188.3M |
| 净利润 | $5.7M | $90.3M |
| 毛利率 | 32.4% | 79.5% |
| 营业利润率 | 6.5% | 32.3% |
| 净利率 | 5.1% | 47.9% |
| 营收同比 | -5.7% | -21.9% |
| 净利润同比 | 27.2% | 1710.8% |
| 每股收益（稀释后） | $0.44 | $2.78 |
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AVNWRILY
| Q4 25 | $111.5M | $188.3M | ||
| Q3 25 | $107.3M | $215.3M | ||
| Q2 25 | $115.3M | $188.2M | ||
| Q1 25 | $112.6M | $197.2M | ||
| Q4 24 | $118.2M | $241.0M | ||
| Q3 24 | $88.4M | $225.5M | ||
| Q2 24 | $116.7M | $256.0M | ||
| Q1 24 | $110.8M | $263.4M |
净利润AVNWRILY
| Q4 25 | $5.7M | $90.3M | ||
| Q3 25 | $162.0K | $91.1M | ||
| Q2 25 | $5.2M | $139.5M | ||
| Q1 25 | $3.5M | $-10.0M | ||
| Q4 24 | $4.5M | $-5.6M | ||
| Q3 24 | $-11.9M | $-284.4M | ||
| Q2 24 | $1.5M | $-433.6M | ||
| Q1 24 | $3.9M | $-49.2M |
毛利率AVNWRILY
| Q4 25 | 32.4% | 79.5% | ||
| Q3 25 | 33.2% | 83.7% | ||
| Q2 25 | 34.2% | 81.3% | ||
| Q1 25 | 34.9% | 81.4% | ||
| Q4 24 | 34.6% | 79.8% | ||
| Q3 24 | 22.4% | 82.1% | ||
| Q2 24 | 35.3% | 84.5% | ||
| Q1 24 | 32.5% | 85.3% |
营业利润率AVNWRILY
| Q4 25 | 6.5% | 32.3% | ||
| Q3 25 | 4.8% | 30.4% | ||
| Q2 25 | 7.7% | 5.7% | ||
| Q1 25 | 8.3% | -31.2% | ||
| Q4 24 | 6.7% | -69.2% | ||
| Q3 24 | -17.6% | -36.4% | ||
| Q2 24 | 4.7% | -90.8% | ||
| Q1 24 | 5.1% | -6.1% |
净利率AVNWRILY
| Q4 25 | 5.1% | 47.9% | ||
| Q3 25 | 0.2% | 42.3% | ||
| Q2 25 | 4.5% | 74.1% | ||
| Q1 25 | 3.1% | -5.1% | ||
| Q4 24 | 3.8% | -2.3% | ||
| Q3 24 | -13.4% | -126.1% | ||
| Q2 24 | 1.3% | -169.4% | ||
| Q1 24 | 3.5% | -18.7% |
每股收益（稀释后）AVNWRILY
| Q4 25 | $0.44 | $2.78 | ||
| Q3 25 | $0.01 | $2.91 | ||
| Q2 25 | $0.42 | $4.50 | ||
| Q1 25 | $0.27 | $-0.39 | ||
| Q4 24 | $0.35 | $-0.01 | ||
| Q3 24 | $-0.94 | $-9.39 | ||
| Q2 24 | $0.11 | $-14.35 | ||
| Q1 24 | $0.30 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $105.4M | $1.4B |
| 股东权益账面价值 | $271.6M | $-171.5M |
| 总资产 | $659.4M | $1.7B |
| 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AVNWRILY
| Q4 25 | $86.5M | $226.6M | ||
| Q3 25 | $64.8M | $184.2M | ||
| Q2 25 | $59.7M | $267.4M | ||
| Q1 25 | $49.4M | $138.3M | ||
| Q4 24 | $52.6M | $146.9M | ||
| Q3 24 | $51.0M | $159.2M | ||
| Q2 24 | $64.6M | $236.9M | ||
| Q1 24 | $59.2M | $190.7M |
总债务AVNWRILY
| Q4 25 | $105.4M | $1.4B | ||
| Q3 25 | $106.5M | $1.3B | ||
| Q2 25 | $87.6M | $1.3B | ||
| Q1 25 | $73.9M | $1.4B | ||
| Q4 24 | $74.9M | $1.5B | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
股东权益AVNWRILY
| Q4 25 | $271.6M | $-171.5M | ||
| Q3 25 | $263.6M | $-260.5M | ||
| Q2 25 | $263.2M | $-351.7M | ||
| Q1 25 | $256.1M | $-496.8M | ||
| Q4 24 | $249.6M | $-488.2M | ||
| Q3 24 | $247.1M | $-497.6M | ||
| Q2 24 | $255.9M | $-218.3M | ||
| Q1 24 | $256.0M | $228.4M |
总资产AVNWRILY
| Q4 25 | $659.4M | $1.7B | ||
| Q3 25 | $643.3M | $1.7B | ||
| Q2 25 | $633.3M | $1.5B | ||
| Q1 25 | $628.3M | $1.5B | ||
| Q4 24 | $594.1M | $1.8B | ||
| Q3 24 | $590.9M | $2.2B | ||
| Q2 24 | $535.2M | $3.2B | ||
| Q1 24 | $490.3M | $5.0B |
负债/权益比AVNWRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | — |
| 自由现金流率自由现金流/营收 | 20.2% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 4.18× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $16.1M | — |
8季度趋势，按日历期对齐
经营现金流AVNWRILY
| Q4 25 | $23.9M | $26.2M | ||
| Q3 25 | $-11.7M | $-60.6M | ||
| Q2 25 | $10.5M | $-25.6M | ||
| Q1 25 | $1.6M | $184.0K | ||
| Q4 24 | $20.8M | $-2.7M | ||
| Q3 24 | $-27.2M | $19.5M | ||
| Q2 24 | $8.3M | $111.5M | ||
| Q1 24 | $15.3M | $135.4M |
自由现金流AVNWRILY
| Q4 25 | $22.5M | — | ||
| Q3 25 | $-13.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $-32.6M | — | ||
| Q2 24 | $7.5M | — | ||
| Q1 24 | $14.8M | — |
自由现金流率AVNWRILY
| Q4 25 | 20.2% | — | ||
| Q3 25 | -12.6% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -36.8% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 13.4% | — |
资本支出强度AVNWRILY
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.4% | — |
现金转化率AVNWRILY
| Q4 25 | 4.18× | 0.29× | ||
| Q3 25 | -72.48× | -0.66× | ||
| Q2 25 | 2.02× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
