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AXT INC（AXTI）与RBB Bancorp（RBB）财务数据对比。点击上方公司名可切换其他公司
RBB Bancorp的季度营收约是AXT INC的1.4倍（$32.3M vs $23.0M），RBB Bancorp净利率更高（31.5% vs -15.4%，领先46.9%），RBB Bancorp同比增速更快（12.6% vs -8.2%），RBB Bancorp自由现金流更多（$42.6M vs $1.3M），过去两年RBB Bancorp的营收复合增速更高（7.0% vs 0.8%）
AXT Inc是一家专业的化合物半导体衬底制造商，主营砷化镓、磷化铟、锗晶圆等产品，其生产的高性能衬底广泛应用于通信、消费电子、工业领域的光电子及射频器件制造环节。
RBB银行控股公司是总部位于美国的金融控股集团，旗下核心主体为皇家商业银行，主要服务亚裔社群、中小微企业、不动产投资者及零售客户，提供商业信贷、储蓄存款、财富管理等多元金融服务，业务覆盖美国沿海核心都会区。
AXTI vs RBB — 直观对比
营收规模更大
RBB
是对方的1.4倍
$23.0M
营收增速更快
RBB
高出20.8%
-8.2%
净利率更高
RBB
高出46.9%
-15.4%
自由现金流更多
RBB
多$41.3M
$1.3M
两年增速更快
RBB
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.0M | $32.3M |
| 净利润 | $-3.5M | $10.2M |
| 毛利率 | 20.9% | — |
| 营业利润率 | -16.6% | 39.5% |
| 净利率 | -15.4% | 31.5% |
| 营收同比 | -8.2% | 12.6% |
| 净利润同比 | 30.3% | 132.1% |
| 每股收益（稀释后） | $-0.09 | $0.59 |
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AXTIRBB
| Q4 25 | $23.0M | $32.3M | ||
| Q3 25 | $28.0M | $32.6M | ||
| Q2 25 | $18.0M | $35.8M | ||
| Q1 25 | $19.4M | $28.5M | ||
| Q4 24 | $25.1M | $28.7M | ||
| Q3 24 | $23.6M | $30.3M | ||
| Q2 24 | $27.9M | $27.5M | ||
| Q1 24 | $22.7M | $28.2M |
净利润AXTIRBB
| Q4 25 | $-3.5M | $10.2M | ||
| Q3 25 | $-1.9M | $10.1M | ||
| Q2 25 | $-7.0M | $9.3M | ||
| Q1 25 | $-8.8M | $2.3M | ||
| Q4 24 | $-5.1M | $4.4M | ||
| Q3 24 | $-2.9M | $7.0M | ||
| Q2 24 | $-1.5M | $7.2M | ||
| Q1 24 | $-2.1M | $8.0M |
毛利率AXTIRBB
| Q4 25 | 20.9% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 27.4% | — | ||
| Q1 24 | 26.9% | — |
营业利润率AXTIRBB
| Q4 25 | -16.6% | 39.5% | ||
| Q3 25 | -4.0% | 40.7% | ||
| Q2 25 | -37.5% | 36.1% | ||
| Q1 25 | -53.1% | 11.2% | ||
| Q4 24 | -24.6% | 17.6% | ||
| Q3 24 | -14.4% | 31.6% | ||
| Q2 24 | -6.8% | 35.6% | ||
| Q1 24 | -14.8% | 39.9% |
净利率AXTIRBB
| Q4 25 | -15.4% | 31.5% | ||
| Q3 25 | -6.8% | 31.2% | ||
| Q2 25 | -39.0% | 26.1% | ||
| Q1 25 | -45.5% | 8.0% | ||
| Q4 24 | -20.3% | 15.3% | ||
| Q3 24 | -12.4% | 23.1% | ||
| Q2 24 | -5.4% | 26.4% | ||
| Q1 24 | -9.2% | 28.4% |
每股收益（稀释后）AXTIRBB
| Q4 25 | $-0.09 | $0.59 | ||
| Q3 25 | $-0.04 | $0.59 | ||
| Q2 25 | $-0.16 | $0.52 | ||
| Q1 25 | $-0.20 | $0.13 | ||
| Q4 24 | $-0.11 | $0.26 | ||
| Q3 24 | $-0.07 | $0.39 | ||
| Q2 24 | $-0.04 | $0.39 | ||
| Q1 24 | $-0.05 | $0.43 |
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 | $120.3M | $212.3M |
| 总债务越低越好 | — | $119.9M |
| 股东权益账面价值 | $273.3M | $523.4M |
| 总资产 | $433.8M | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资AXTIRBB
| Q4 25 | $120.3M | $212.3M | ||
| Q3 25 | $23.1M | $234.9M | ||
| Q2 25 | $27.0M | $191.9M | ||
| Q1 25 | $31.6M | $238.8M | ||
| Q4 24 | $22.8M | $257.7M | ||
| Q3 24 | $24.9M | $349.4M | ||
| Q2 24 | $29.5M | $252.8M | ||
| Q1 24 | $27.5M | — |
总债务AXTIRBB
| Q4 25 | — | $119.9M | ||
| Q3 25 | — | $119.8M | ||
| Q2 25 | — | $119.7M | ||
| Q1 25 | — | $119.6M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | — | $119.4M | ||
| Q2 24 | — | $119.3M | ||
| Q1 24 | — | $119.2M |
股东权益AXTIRBB
| Q4 25 | $273.3M | $523.4M | ||
| Q3 25 | $179.1M | $514.3M | ||
| Q2 25 | $179.7M | $517.7M | ||
| Q1 25 | $185.0M | $510.3M | ||
| Q4 24 | $192.8M | $507.9M | ||
| Q3 24 | $200.7M | $509.7M | ||
| Q2 24 | $199.7M | $511.3M | ||
| Q1 24 | $201.1M | $514.0M |
总资产AXTIRBB
| Q4 25 | $433.8M | $4.2B | ||
| Q3 25 | $334.0M | $4.2B | ||
| Q2 25 | $329.0M | $4.1B | ||
| Q1 25 | $333.5M | $4.0B | ||
| Q4 24 | $339.3M | $4.0B | ||
| Q3 24 | $355.6M | $4.0B | ||
| Q2 24 | $349.4M | $3.9B | ||
| Q1 24 | $349.0M | $3.9B |
负债/权益比AXTIRBB
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $4.3M | $43.4M |
| 自由现金流经营现金流 - 资本支出 | $1.3M | $42.6M |
| 自由现金流率自由现金流/营收 | 5.5% | 131.8% |
| 资本支出强度资本支出/营收 | 13.2% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 4.26× |
| 过去12个月自由现金流最近4个季度 | $-18.8M | $73.5M |
8季度趋势，按日历期对齐
经营现金流AXTIRBB
| Q4 25 | $4.3M | $43.4M | ||
| Q3 25 | $-9.2M | $2.1M | ||
| Q2 25 | $-4.6M | $21.7M | ||
| Q1 25 | $-3.3M | $7.8M | ||
| Q4 24 | $1.3M | $58.5M | ||
| Q3 24 | $-5.4M | $24.5M | ||
| Q2 24 | $843.0K | $11.7M | ||
| Q1 24 | $-8.8M | $4.8M |
自由现金流AXTIRBB
| Q4 25 | $1.3M | $42.6M | ||
| Q3 25 | $-11.3M | $1.8M | ||
| Q2 25 | $-4.9M | $21.6M | ||
| Q1 25 | $-3.9M | $7.6M | ||
| Q4 24 | $1.1M | $57.7M | ||
| Q3 24 | $-6.4M | $24.2M | ||
| Q2 24 | $572.0K | $11.5M | ||
| Q1 24 | $-13.2M | $4.7M |
自由现金流率AXTIRBB
| Q4 25 | 5.5% | 131.8% | ||
| Q3 25 | -40.5% | 5.4% | ||
| Q2 25 | -27.0% | 60.2% | ||
| Q1 25 | -19.9% | 26.7% | ||
| Q4 24 | 4.4% | 201.0% | ||
| Q3 24 | -26.9% | 80.0% | ||
| Q2 24 | 2.0% | 42.0% | ||
| Q1 24 | -58.2% | 16.6% |
资本支出强度AXTIRBB
| Q4 25 | 13.2% | 2.5% | ||
| Q3 25 | 7.8% | 1.1% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 2.6% | 0.6% | ||
| Q4 24 | 0.7% | 2.7% | ||
| Q3 24 | 4.0% | 0.8% | ||
| Q2 24 | 1.0% | 0.5% | ||
| Q1 24 | 19.4% | 0.5% |
现金转化率AXTIRBB
| Q4 25 | — | 4.26× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 3.39× | ||
| Q4 24 | — | 13.34× | ||
| Q3 24 | — | 3.50× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | 0.60× |
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
AXTI
| Substrates | $15.3M | 66% |
| Five Minority Investments | $7.8M | 34% |
RBB
暂无分部数据
