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BigBear.ai Holdings, Inc.（BBAI）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
BigBear.ai Holdings, Inc.的季度营收约是REDWOOD TRUST INC的1.1倍（$27.3M vs $25.9M），REDWOOD TRUST INC同比增速更快（-6.1% vs -37.7%），过去两年BigBear.ai Holdings, Inc.的营收复合增速更高（-9.2% vs -41.0%）
BigBear.ai Holdings, Inc.是一家专注于人工智能决策支持与分析解决方案的服务商，核心产品包括预测分析、供应链优化、运营智能平台，服务国防、情报机构及商业企业客户，主要市场覆盖北美，助力客户提升运营效率、降低运营风险。
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。
BBAI vs RWT — 直观对比
营收规模更大
BBAI
是对方的1.1倍
$25.9M
营收增速更快
RWT
高出31.6%
-37.7%
两年增速更快
BBAI
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $27.3M | $25.9M |
| 净利润 | — | $20.0M |
| 毛利率 | 20.3% | — |
| 营业利润率 | -295.0% | — |
| 净利率 | — | 77.2% |
| 营收同比 | -37.7% | -6.1% |
| 净利润同比 | — | 402.6% |
| 每股收益（稀释后） | $0.17 | $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BBAIRWT
| Q4 25 | $27.3M | $25.9M | ||
| Q3 25 | $33.1M | $15.0M | ||
| Q2 25 | $32.5M | $13.8M | ||
| Q1 25 | $34.8M | $27.9M | ||
| Q4 24 | $43.8M | $27.6M | ||
| Q3 24 | $41.5M | $25.5M | ||
| Q2 24 | $39.8M | $67.4M | ||
| Q1 24 | $33.1M | $74.5M |
净利润BBAIRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | $2.5M | $-7.7M | ||
| Q2 25 | $-228.6M | $-98.5M | ||
| Q1 25 | $-62.0M | $16.1M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | $-15.1M | $14.8M | ||
| Q2 24 | $-14.4M | $15.5M | ||
| Q1 24 | $-127.8M | $30.3M |
毛利率BBAIRWT
| Q4 25 | 20.3% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 37.4% | — | ||
| Q3 24 | 25.9% | — | ||
| Q2 24 | 27.8% | — | ||
| Q1 24 | 21.1% | — |
营业利润率BBAIRWT
| Q4 25 | -295.0% | — | ||
| Q3 25 | -66.0% | -9.0% | ||
| Q2 25 | -278.1% | -679.0% | ||
| Q1 25 | -61.0% | 80.2% | ||
| Q4 24 | -18.6% | -1.3% | ||
| Q3 24 | -25.4% | 86.1% | ||
| Q2 24 | -41.9% | 30.3% | ||
| Q1 24 | -296.1% | 41.3% |
净利率BBAIRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | 7.6% | -51.4% | ||
| Q2 25 | -704.0% | -712.0% | ||
| Q1 25 | -178.3% | 57.8% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | -36.5% | 58.1% | ||
| Q2 24 | -36.3% | 23.0% | ||
| Q1 24 | -385.8% | 40.6% |
每股收益（稀释后）BBAIRWT
| Q4 25 | $0.17 | $0.11 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.71 | $-0.76 | ||
| Q1 25 | $-0.25 | $0.10 | ||
| Q4 24 | $-0.47 | $-0.08 | ||
| Q3 24 | $-0.06 | $0.09 | ||
| Q2 24 | $-0.06 | $0.10 | ||
| Q1 24 | $-0.68 | $0.21 |
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 | $87.1M | $255.7M |
| 总债务越低越好 | $107.0M | — |
| 股东权益账面价值 | $611.9M | $982.6M |
| 总资产 | $894.5M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资BBAIRWT
| Q4 25 | $87.1M | $255.7M | ||
| Q3 25 | $456.6M | $226.3M | ||
| Q2 25 | $390.8M | $302.0M | ||
| Q1 25 | $107.6M | $259.9M | ||
| Q4 24 | $50.1M | $245.2M | ||
| Q3 24 | $65.6M | $253.7M | ||
| Q2 24 | $72.3M | $275.6M | ||
| Q1 24 | $81.4M | $275.4M |
总债务BBAIRWT
| Q4 25 | $107.0M | — | ||
| Q3 25 | $104.9M | — | ||
| Q2 25 | $103.0M | — | ||
| Q1 25 | $101.4M | — | ||
| Q4 24 | $136.2M | — | ||
| Q3 24 | $195.7M | — | ||
| Q2 24 | $195.7M | — | ||
| Q1 24 | $195.6M | $1.7B |
股东权益BBAIRWT
| Q4 25 | $611.9M | $982.6M | ||
| Q3 25 | $610.0M | $999.0M | ||
| Q2 25 | $266.6M | $1.1B | ||
| Q1 25 | $197.8M | $1.2B | ||
| Q4 24 | $-3.7M | $1.2B | ||
| Q3 24 | $127.5M | $1.2B | ||
| Q2 24 | $134.7M | $1.2B | ||
| Q1 24 | $143.2M | $1.2B |
总资产BBAIRWT
| Q4 25 | $894.5M | $23.7B | ||
| Q3 25 | $919.8M | $22.6B | ||
| Q2 25 | $599.4M | $21.3B | ||
| Q1 25 | $396.3M | $19.9B | ||
| Q4 24 | $343.8M | $18.3B | ||
| Q3 24 | $354.1M | $18.4B | ||
| Q2 24 | $360.9M | $16.5B | ||
| Q1 24 | $377.6M | $15.1B |
负债/权益比BBAIRWT
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.45× | — | ||
| Q1 24 | 1.37× | 1.39× |
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 | $-21.8M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-22.1M | — |
| 自由现金流率自由现金流/营收 | -80.9% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 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 | $-42.5M | — |
8季度趋势，按日历期对齐
经营现金流BBAIRWT
| Q4 25 | $-21.8M | $-10.1B | ||
| Q3 25 | $-9.6M | $-2.7B | ||
| Q2 25 | $-3.9M | $-2.1B | ||
| Q1 25 | $-6.7M | $-2.0B | ||
| Q4 24 | $-14.8M | $-5.9B | ||
| Q3 24 | $-1.9M | $-2.1B | ||
| Q2 24 | $-7.1M | $-2.0B | ||
| Q1 24 | $-14.4M | $-954.2M |
自由现金流BBAIRWT
| Q4 25 | $-22.1M | — | ||
| Q3 25 | $-9.8M | — | ||
| Q2 25 | $-3.9M | — | ||
| Q1 25 | $-6.7M | — | ||
| Q4 24 | $-15.0M | — | ||
| Q3 24 | $-2.0M | — | ||
| Q2 24 | $-7.2M | — | ||
| Q1 24 | $-14.4M | — |
自由现金流率BBAIRWT
| Q4 25 | -80.9% | — | ||
| Q3 25 | -29.5% | — | ||
| Q2 25 | -11.9% | — | ||
| Q1 25 | -19.4% | — | ||
| Q4 24 | -34.2% | — | ||
| Q3 24 | -4.9% | — | ||
| Q2 24 | -18.1% | — | ||
| Q1 24 | -43.5% | — |
资本支出强度BBAIRWT
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.1% | — |
现金转化率BBAIRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | -3.80× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
