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AXT INC（AXTI）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
AXT INC的季度营收约是REDWOOD TRUST INC的1.0倍（$26.9M vs $25.9M），AXT INC同比增速更快（39.1% vs -6.1%），过去两年AXT INC的营收复合增速更高（-1.8% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
AXTI vs RWT — 直观对比
营收规模更大
AXTI
是对方的1.0倍
$25.9M
营收增速更快
AXTI
高出45.2%
-6.1%
两年增速更快
AXTI
近两年复合增速
-41.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $26.9M | $25.9M |
| 净利润 | — | $20.0M |
| 毛利率 | 29.6% | — |
| 营业利润率 | 64.5% | — |
| 净利率 | — | 77.2% |
| 营收同比 | 39.1% | -6.1% |
| 净利润同比 | — | 402.6% |
| 每股收益（稀释后） | — | $0.11 |
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AXTIRWT
| Q1 26 | $26.9M | — | ||
| Q4 25 | $23.0M | $25.9M | ||
| Q3 25 | $28.0M | $15.0M | ||
| Q2 25 | $18.0M | $13.8M | ||
| Q1 25 | $19.4M | $27.9M | ||
| Q4 24 | $25.1M | $27.6M | ||
| Q3 24 | $23.6M | $25.5M | ||
| Q2 24 | $27.9M | $67.4M |
净利润AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $20.0M | ||
| Q3 25 | $-1.9M | $-7.7M | ||
| Q2 25 | $-7.0M | $-98.5M | ||
| Q1 25 | $-8.8M | $16.1M | ||
| Q4 24 | $-5.1M | $-6.6M | ||
| Q3 24 | $-2.9M | $14.8M | ||
| Q2 24 | $-1.5M | $15.5M |
毛利率AXTIRWT
| Q1 26 | 29.6% | — | ||
| 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% | — |
营业利润率AXTIRWT
| Q1 26 | 64.5% | — | ||
| Q4 25 | -16.6% | — | ||
| Q3 25 | -4.0% | -9.0% | ||
| Q2 25 | -37.5% | -679.0% | ||
| Q1 25 | -53.1% | 80.2% | ||
| Q4 24 | -24.6% | -1.3% | ||
| Q3 24 | -14.4% | 86.1% | ||
| Q2 24 | -6.8% | 30.3% |
净利率AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | -15.4% | 77.2% | ||
| Q3 25 | -6.8% | -51.4% | ||
| Q2 25 | -39.0% | -712.0% | ||
| Q1 25 | -45.5% | 57.8% | ||
| Q4 24 | -20.3% | -24.0% | ||
| Q3 24 | -12.4% | 58.1% | ||
| Q2 24 | -5.4% | 23.0% |
每股收益（稀释后）AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | $-0.09 | $0.11 | ||
| Q3 25 | $-0.04 | $-0.08 | ||
| Q2 25 | $-0.16 | $-0.76 | ||
| Q1 25 | $-0.20 | $0.10 | ||
| Q4 24 | $-0.11 | $-0.08 | ||
| Q3 24 | $-0.07 | $0.09 | ||
| Q2 24 | $-0.04 | $0.10 |
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 | $107.1M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $298.4M | $982.6M |
| 总资产 | $444.6M | $23.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AXTIRWT
| Q1 26 | $107.1M | — | ||
| Q4 25 | $120.3M | $255.7M | ||
| Q3 25 | $23.1M | $226.3M | ||
| Q2 25 | $27.0M | $302.0M | ||
| Q1 25 | $31.6M | $259.9M | ||
| Q4 24 | $22.8M | $245.2M | ||
| Q3 24 | $24.9M | $253.7M | ||
| Q2 24 | $29.5M | $275.6M |
股东权益AXTIRWT
| Q1 26 | $298.4M | — | ||
| Q4 25 | $273.3M | $982.6M | ||
| Q3 25 | $179.1M | $999.0M | ||
| Q2 25 | $179.7M | $1.1B | ||
| Q1 25 | $185.0M | $1.2B | ||
| Q4 24 | $192.8M | $1.2B | ||
| Q3 24 | $200.7M | $1.2B | ||
| Q2 24 | $199.7M | $1.2B |
总资产AXTIRWT
| Q1 26 | $444.6M | — | ||
| Q4 25 | $433.8M | $23.7B | ||
| Q3 25 | $334.0M | $22.6B | ||
| Q2 25 | $329.0M | $21.3B | ||
| Q1 25 | $333.5M | $19.9B | ||
| Q4 24 | $339.3M | $18.3B | ||
| Q3 24 | $355.6M | $18.4B | ||
| Q2 24 | $349.4M | $16.5B |
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 | — | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | $4.3M | $-10.1B | ||
| Q3 25 | $-9.2M | $-2.7B | ||
| Q2 25 | $-4.6M | $-2.1B | ||
| Q1 25 | $-3.3M | $-2.0B | ||
| Q4 24 | $1.3M | $-5.9B | ||
| Q3 24 | $-5.4M | $-2.1B | ||
| Q2 24 | $843.0K | $-2.0B |
自由现金流AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | $1.3M | — | ||
| Q3 25 | $-11.3M | — | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-3.9M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $-6.4M | — | ||
| Q2 24 | $572.0K | — |
自由现金流率AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | -40.5% | — | ||
| Q2 25 | -27.0% | — | ||
| Q1 25 | -19.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | -26.9% | — | ||
| Q2 24 | 2.0% | — |
资本支出强度AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 1.0% | — |
现金转化率AXTIRWT
| Q1 26 | — | — | ||
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
