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BlackSky Technology Inc.（BKSY）与COMTECH TELECOMMUNICATIONS CORP（CMTL）财务数据对比。点击上方公司名可切换其他公司
COMTECH TELECOMMUNICATIONS CORP的季度营收约是BlackSky Technology Inc.的3.2倍（$111.0M vs $35.2M）。BlackSky Technology Inc.净利率更高（-2.5% vs -14.3%，领先11.8%）。BlackSky Technology Inc.同比增速更快（15.9% vs -4.1%）。过去两年BlackSky Technology Inc.的营收复合增速更高（20.5% vs -9.0%）
BlackSky Technology Inc.是一家领先的地理空间情报服务商，运营高重访率小型地球观测卫星星座，为全球政府、国防、关键基础设施及商业客户提供实时卫星影像、高级数据分析与动态监测解决方案，助力各类场景下的运营决策。
Comtech Telecommunications是一家总部位于美国的全球通信技术提供商，主营卫星通信系统、地面网络基础设施及定位服务，客户覆盖政府、国防、移动运营商和企业领域，为各类关键应用场景提供安全可靠的连接解决方案。
BKSY vs CMTL — 直观对比
营收规模更大
CMTL
是对方的3.2倍
$35.2M
营收增速更快
BKSY
高出20.1%
-4.1%
净利率更高
BKSY
高出11.8%
-14.3%
两年增速更快
BKSY
近两年复合增速
-9.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $111.0M |
| 净利润 | $-868.0K | $-15.9M |
| 毛利率 | — | 33.1% |
| 营业利润率 | -11.8% | -2.5% |
| 净利率 | -2.5% | -14.3% |
| 营收同比 | 15.9% | -4.1% |
| 净利润同比 | 95.5% | 89.3% |
| 每股收益（稀释后） | $0.04 | $-0.67 |
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BKSYCMTL
| Q4 25 | $35.2M | $111.0M | ||
| Q3 25 | $19.6M | $130.4M | ||
| Q2 25 | $22.2M | $126.8M | ||
| Q1 25 | $29.5M | $126.6M | ||
| Q4 24 | $30.4M | $115.8M | ||
| Q3 24 | $22.5M | $126.2M | ||
| Q2 24 | $24.9M | $128.1M | ||
| Q1 24 | $24.2M | $134.2M |
净利润BKSYCMTL
| Q4 25 | $-868.0K | $-15.9M | ||
| Q3 25 | $-15.3M | $7.9M | ||
| Q2 25 | $-41.2M | $33.9M | ||
| Q1 25 | $-12.8M | $-48.7M | ||
| Q4 24 | $-19.4M | $-148.4M | ||
| Q3 24 | $-12.6M | $-90.8M | ||
| Q2 24 | $-9.4M | $2.8M | ||
| Q1 24 | $-15.8M | $-10.6M |
毛利率BKSYCMTL
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 30.4% | ||
| Q1 24 | — | 32.2% |
营业利润率BKSYCMTL
| Q4 25 | -11.8% | -2.5% | ||
| Q3 25 | -85.8% | 1.4% | ||
| Q2 25 | -62.8% | -1.2% | ||
| Q1 25 | -40.5% | -8.1% | ||
| Q4 24 | -20.0% | -111.5% | ||
| Q3 24 | -58.7% | -64.6% | ||
| Q2 24 | -47.0% | -2.7% | ||
| Q1 24 | -54.7% | 2.2% |
净利率BKSYCMTL
| Q4 25 | -2.5% | -14.3% | ||
| Q3 25 | -78.2% | 6.1% | ||
| Q2 25 | -185.8% | 26.8% | ||
| Q1 25 | -43.4% | -38.5% | ||
| Q4 24 | -63.9% | -128.2% | ||
| Q3 24 | -55.8% | -71.9% | ||
| Q2 24 | -37.7% | 2.2% | ||
| Q1 24 | -65.2% | -7.9% |
每股收益（稀释后）BKSYCMTL
| Q4 25 | $0.04 | $-0.67 | ||
| Q3 25 | $-0.44 | $-0.41 | ||
| Q2 25 | $-1.27 | $-0.49 | ||
| Q1 25 | $-0.42 | $-0.76 | ||
| Q4 24 | $-0.61 | $-5.29 | ||
| Q3 24 | $-0.66 | $-3.48 | ||
| Q2 24 | $-0.52 | $-0.04 | ||
| Q1 24 | $-0.88 | $-1.07 |
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 | $124.5M | $43.6M |
| 总债务越低越好 | $201.1M | — |
| 股东权益账面价值 | $94.9M | $85.6M |
| 总资产 | $386.2M | $734.1M |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资BKSYCMTL
| Q4 25 | $124.5M | $43.6M | ||
| Q3 25 | $146.5M | $40.0M | ||
| Q2 25 | $93.8M | $28.4M | ||
| Q1 25 | $75.8M | $26.7M | ||
| Q4 24 | $52.5M | $29.6M | ||
| Q3 24 | $63.2M | $32.4M | ||
| Q2 24 | $41.2M | $27.2M | ||
| Q1 24 | $35.4M | $40.0M |
总债务BKSYCMTL
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | — | ||
| Q3 24 | $98.8M | — | ||
| Q2 24 | $108.6M | — | ||
| Q1 24 | $85.0M | — |
股东权益BKSYCMTL
| Q4 25 | $94.9M | $85.6M | ||
| Q3 25 | $91.1M | $104.4M | ||
| Q2 25 | $86.6M | $115.4M | ||
| Q1 25 | $88.8M | $128.7M | ||
| Q4 24 | $94.0M | $150.4M | ||
| Q3 24 | $110.3M | $306.3M | ||
| Q2 24 | $76.5M | $406.4M | ||
| Q1 24 | $81.7M | $407.0M |
总资产BKSYCMTL
| Q4 25 | $386.2M | $734.1M | ||
| Q3 25 | $380.9M | $740.8M | ||
| Q2 25 | $310.8M | $751.1M | ||
| Q1 25 | $284.9M | $770.6M | ||
| Q4 24 | $254.1M | $793.2M | ||
| Q3 24 | $245.5M | $793.2M | ||
| Q2 24 | $224.3M | $991.0M | ||
| Q1 24 | $210.1M | $996.8M |
负债/权益比BKSYCMTL
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.90× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.04× | — |
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 | $-9.3M | $8.1M |
| 自由现金流经营现金流 - 资本支出 | — | $4.8M |
| 自由现金流率自由现金流/营收 | — | 4.3% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $12.2M |
8季度趋势，按日历期对齐
经营现金流BKSYCMTL
| Q4 25 | $-9.3M | $8.1M | ||
| Q3 25 | $-39.0M | $11.4M | ||
| Q2 25 | $-7.3M | $2.3M | ||
| Q1 25 | $27.2M | $-234.0K | ||
| Q4 24 | $-1.8M | $-21.8M | ||
| Q3 24 | $1.0M | $-9.5M | ||
| Q2 24 | $-1.8M | $-3.8M | ||
| Q1 24 | $-3.8M | $-26.7M |
自由现金流BKSYCMTL
| Q4 25 | — | $4.8M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | — | $-160.0K | ||
| Q1 25 | — | $-1.9M | ||
| Q4 24 | — | $-24.2M | ||
| Q3 24 | — | $-12.4M | ||
| Q2 24 | — | $-6.5M | ||
| Q1 24 | — | $-30.9M |
自由现金流率BKSYCMTL
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | — | -9.8% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | -23.0% |
资本支出强度BKSYCMTL
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 3.2% |
现金转化率BKSYCMTL
| Q4 25 | — | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.36× | ||
| Q1 24 | — | — |
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
BKSY
暂无分部数据
CMTL
| Satellite And Space Communications Segment | $55.1M | 50% |
| Transferred At Point In Time | $39.4M | 36% |
| Satellite And Space Communications | $16.3M | 15% |
| Terrestrial And Wireless Networks | $1.1M | 1% |
