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AVIAT NETWORKS, INC.（AVNW）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是AVIAT NETWORKS, INC.的1.6倍（$179.7M vs $111.5M），AVIAT NETWORKS, INC.净利率更高（5.1% vs -29.5%，领先34.6%），Rocket Lab Corp同比增速更快（35.7% vs -5.7%），AVIAT NETWORKS, INC.自由现金流更多（$22.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
AVNW vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$111.5M
营收增速更快
RKLB
高出41.4%
-5.7%
净利率更高
AVNW
高出34.6%
-29.5%
自由现金流更多
AVNW
多$136.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $179.7M |
| 净利润 | $5.7M | $-52.9M |
| 毛利率 | 32.4% | 38.0% |
| 营业利润率 | 6.5% | -28.4% |
| 净利率 | 5.1% | -29.5% |
| 营收同比 | -5.7% | 35.7% |
| 净利润同比 | 27.2% | -1.1% |
| 每股收益（稀释后） | $0.44 | $-0.09 |
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AVNWRKLB
| Q4 25 | $111.5M | $179.7M | ||
| Q3 25 | $107.3M | $155.1M | ||
| Q2 25 | $115.3M | $144.5M | ||
| Q1 25 | $112.6M | $122.6M | ||
| Q4 24 | $118.2M | $132.4M | ||
| Q3 24 | $88.4M | $104.8M | ||
| Q2 24 | $116.7M | $106.3M | ||
| Q1 24 | $110.8M | $92.8M |
净利润AVNWRKLB
| Q4 25 | $5.7M | $-52.9M | ||
| Q3 25 | $162.0K | $-18.3M | ||
| Q2 25 | $5.2M | $-66.4M | ||
| Q1 25 | $3.5M | $-60.6M | ||
| Q4 24 | $4.5M | $-52.3M | ||
| Q3 24 | $-11.9M | $-51.9M | ||
| Q2 24 | $1.5M | $-41.6M | ||
| Q1 24 | $3.9M | $-44.3M |
毛利率AVNWRKLB
| Q4 25 | 32.4% | 38.0% | ||
| Q3 25 | 33.2% | 37.0% | ||
| Q2 25 | 34.2% | 32.1% | ||
| Q1 25 | 34.9% | 28.8% | ||
| Q4 24 | 34.6% | 27.8% | ||
| Q3 24 | 22.4% | 26.7% | ||
| Q2 24 | 35.3% | 25.6% | ||
| Q1 24 | 32.5% | 26.1% |
营业利润率AVNWRKLB
| Q4 25 | 6.5% | -28.4% | ||
| Q3 25 | 4.8% | -38.0% | ||
| Q2 25 | 7.7% | -41.3% | ||
| Q1 25 | 8.3% | -48.3% | ||
| Q4 24 | 6.7% | -38.9% | ||
| Q3 24 | -17.6% | -49.5% | ||
| Q2 24 | 4.7% | -40.7% | ||
| Q1 24 | 5.1% | -46.4% |
净利率AVNWRKLB
| Q4 25 | 5.1% | -29.5% | ||
| Q3 25 | 0.2% | -11.8% | ||
| Q2 25 | 4.5% | -46.0% | ||
| Q1 25 | 3.1% | -49.5% | ||
| Q4 24 | 3.8% | -39.5% | ||
| Q3 24 | -13.4% | -49.6% | ||
| Q2 24 | 1.3% | -39.2% | ||
| Q1 24 | 3.5% | -47.7% |
每股收益（稀释后）AVNWRKLB
| Q4 25 | $0.44 | $-0.09 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $0.42 | $-0.13 | ||
| Q1 25 | $0.27 | $-0.12 | ||
| Q4 24 | $0.35 | $-0.11 | ||
| Q3 24 | $-0.94 | $-0.10 | ||
| Q2 24 | $0.11 | $-0.08 | ||
| Q1 24 | $0.30 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $105.4M | $152.4M |
| 股东权益账面价值 | $271.6M | $1.7B |
| 总资产 | $659.4M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资AVNWRKLB
| Q4 25 | $86.5M | $1.0B | ||
| Q3 25 | $64.8M | $976.7M | ||
| Q2 25 | $59.7M | $688.1M | ||
| Q1 25 | $49.4M | $428.4M | ||
| Q4 24 | $52.6M | $419.0M | ||
| Q3 24 | $51.0M | $442.4M | ||
| Q2 24 | $64.6M | $496.8M | ||
| Q1 24 | $59.2M | $492.5M |
总债务AVNWRKLB
| Q4 25 | $105.4M | $152.4M | ||
| Q3 25 | $106.5M | $347.0M | ||
| Q2 25 | $87.6M | $346.5M | ||
| Q1 25 | $73.9M | $345.9M | ||
| Q4 24 | $74.9M | $345.4M | ||
| Q3 24 | $83.4M | $61.2M | ||
| Q2 24 | $48.4M | $64.2M | ||
| Q1 24 | $48.9M | $66.8M |
股东权益AVNWRKLB
| Q4 25 | $271.6M | $1.7B | ||
| Q3 25 | $263.6M | $1.3B | ||
| Q2 25 | $263.2M | $688.5M | ||
| Q1 25 | $256.1M | $431.3M | ||
| Q4 24 | $249.6M | $382.5M | ||
| Q3 24 | $247.1M | $419.8M | ||
| Q2 24 | $255.9M | $455.2M | ||
| Q1 24 | $256.0M | $478.9M |
总资产AVNWRKLB
| Q4 25 | $659.4M | $2.3B | ||
| Q3 25 | $643.3M | $2.2B | ||
| Q2 25 | $633.3M | $1.6B | ||
| Q1 25 | $628.3M | $1.3B | ||
| Q4 24 | $594.1M | $1.2B | ||
| Q3 24 | $590.9M | $1.2B | ||
| Q2 24 | $535.2M | $1.2B | ||
| Q1 24 | $490.3M | $1.2B |
负债/权益比AVNWRKLB
| Q4 25 | 0.39× | 0.09× | ||
| Q3 25 | 0.40× | 0.27× | ||
| Q2 25 | 0.33× | 0.50× | ||
| Q1 25 | 0.29× | 0.80× | ||
| Q4 24 | 0.30× | 0.90× | ||
| Q3 24 | 0.34× | 0.15× | ||
| Q2 24 | 0.19× | 0.14× | ||
| Q1 24 | 0.19× | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 20.2% | -63.6% |
| 资本支出强度资本支出/营收 | 1.3% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流AVNWRKLB
| Q4 25 | $23.9M | $-64.5M | ||
| Q3 25 | $-11.7M | $-23.5M | ||
| Q2 25 | $10.5M | $-23.2M | ||
| Q1 25 | $1.6M | $-54.2M | ||
| Q4 24 | $20.8M | $-2.4M | ||
| Q3 24 | $-27.2M | $-30.9M | ||
| Q2 24 | $8.3M | $-13.0M | ||
| Q1 24 | $15.3M | $-2.6M |
自由现金流AVNWRKLB
| Q4 25 | $22.5M | $-114.2M | ||
| Q3 25 | $-13.5M | $-69.4M | ||
| Q2 25 | $8.2M | $-55.3M | ||
| Q1 25 | $-1.2M | $-82.9M | ||
| Q4 24 | $18.3M | $-23.9M | ||
| Q3 24 | $-32.6M | $-41.9M | ||
| Q2 24 | $7.5M | $-28.3M | ||
| Q1 24 | $14.8M | $-21.8M |
自由现金流率AVNWRKLB
| Q4 25 | 20.2% | -63.6% | ||
| Q3 25 | -12.6% | -44.8% | ||
| Q2 25 | 7.1% | -38.3% | ||
| Q1 25 | -1.0% | -67.6% | ||
| Q4 24 | 15.5% | -18.1% | ||
| Q3 24 | -36.8% | -40.0% | ||
| Q2 24 | 6.4% | -26.7% | ||
| Q1 24 | 13.4% | -23.5% |
资本支出强度AVNWRKLB
| Q4 25 | 1.3% | 27.6% | ||
| Q3 25 | 1.6% | 29.6% | ||
| Q2 25 | 2.0% | 22.2% | ||
| Q1 25 | 2.5% | 23.4% | ||
| Q4 24 | 2.1% | 16.3% | ||
| Q3 24 | 6.1% | 10.5% | ||
| Q2 24 | 0.7% | 14.4% | ||
| Q1 24 | 0.4% | 20.7% |
现金转化率AVNWRKLB
| Q4 25 | 4.18× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
