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COMTECH TELECOMMUNICATIONS CORP（CMTL）与PUMA BIOTECHNOLOGY, INC.（PBYI）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PUMA BIOTECHNOLOGY, INC.的1.5倍（$111.0M vs $75.5M），PUMA BIOTECHNOLOGY, INC.同比增速更快（27.7% vs -4.1%），PUMA BIOTECHNOLOGY, INC.自由现金流更多（$14.4M vs $4.8M），过去两年PUMA BIOTECHNOLOGY, INC.的营收复合增速更高（31.3% vs -9.0%）
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。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
CMTL vs PBYI — 直观对比
营收规模更大
CMTL
是对方的1.5倍
$75.5M
营收增速更快
PBYI
高出31.8%
-4.1%
自由现金流更多
PBYI
多$9.6M
$4.8M
两年增速更快
PBYI
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $75.5M |
| 净利润 | $-15.9M | — |
| 毛利率 | 33.1% | 69.3% |
| 营业利润率 | -2.5% | 22.7% |
| 净利率 | -14.3% | — |
| 营收同比 | -4.1% | 27.7% |
| 净利润同比 | 89.3% | — |
| 每股收益（稀释后） | $-0.67 | $0.26 |
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CMTLPBYI
| Q4 25 | $111.0M | $75.5M | ||
| Q3 25 | $130.4M | $54.5M | ||
| Q2 25 | $126.8M | $52.4M | ||
| Q1 25 | $126.6M | $46.0M | ||
| Q4 24 | $115.8M | $59.1M | ||
| Q3 24 | $126.2M | $80.5M | ||
| Q2 24 | $128.1M | $47.1M | ||
| Q1 24 | $134.2M | $43.8M |
净利润CMTLPBYI
| Q4 25 | $-15.9M | — | ||
| Q3 25 | $7.9M | $8.8M | ||
| Q2 25 | $33.9M | $5.9M | ||
| Q1 25 | $-48.7M | $3.0M | ||
| Q4 24 | $-148.4M | — | ||
| Q3 24 | $-90.8M | $20.3M | ||
| Q2 24 | $2.8M | $-4.5M | ||
| Q1 24 | $-10.6M | $-4.8M |
毛利率CMTLPBYI
| Q4 25 | 33.1% | 69.3% | ||
| Q3 25 | 31.2% | 77.7% | ||
| Q2 25 | 30.7% | 76.5% | ||
| Q1 25 | 26.7% | 77.1% | ||
| Q4 24 | 12.5% | 76.4% | ||
| Q3 24 | 21.5% | 63.9% | ||
| Q2 24 | 30.4% | 77.4% | ||
| Q1 24 | 32.2% | 75.5% |
营业利润率CMTLPBYI
| Q4 25 | -2.5% | 22.7% | ||
| Q3 25 | 1.4% | 17.6% | ||
| Q2 25 | -1.2% | 12.7% | ||
| Q1 25 | -8.1% | 8.7% | ||
| Q4 24 | -111.5% | 22.6% | ||
| Q3 24 | -64.6% | 27.4% | ||
| Q2 24 | -2.7% | -4.6% | ||
| Q1 24 | 2.2% | -5.3% |
净利率CMTLPBYI
| Q4 25 | -14.3% | — | ||
| Q3 25 | 6.1% | 16.2% | ||
| Q2 25 | 26.8% | 11.2% | ||
| Q1 25 | -38.5% | 6.5% | ||
| Q4 24 | -128.2% | — | ||
| Q3 24 | -71.9% | 25.2% | ||
| Q2 24 | 2.2% | -9.6% | ||
| Q1 24 | -7.9% | -11.0% |
每股收益（稀释后）CMTLPBYI
| Q4 25 | $-0.67 | $0.26 | ||
| Q3 25 | $-0.41 | $0.17 | ||
| Q2 25 | $-0.49 | $0.12 | ||
| Q1 25 | $-0.76 | $0.06 | ||
| Q4 24 | $-5.29 | $0.40 | ||
| Q3 24 | $-3.48 | $0.41 | ||
| Q2 24 | $-0.04 | $-0.09 | ||
| Q1 24 | $-1.07 | $-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 | $43.6M | $97.5M |
| 总债务越低越好 | — | $22.7M |
| 股东权益账面价值 | $85.6M | $130.3M |
| 总资产 | $734.1M | $216.3M |
| 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CMTLPBYI
| Q4 25 | $43.6M | $97.5M | ||
| Q3 25 | $40.0M | $94.4M | ||
| Q2 25 | $28.4M | $96.0M | ||
| Q1 25 | $26.7M | $93.2M | ||
| Q4 24 | $29.6M | $101.0M | ||
| Q3 24 | $32.4M | $96.7M | ||
| Q2 24 | $27.2M | $96.8M | ||
| Q1 24 | $40.0M | $107.2M |
总债务CMTLPBYI
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
股东权益CMTLPBYI
| Q4 25 | $85.6M | $130.3M | ||
| Q3 25 | $104.4M | $115.3M | ||
| Q2 25 | $115.4M | $104.7M | ||
| Q1 25 | $128.7M | $97.1M | ||
| Q4 24 | $150.4M | $92.1M | ||
| Q3 24 | $306.3M | $71.1M | ||
| Q2 24 | $406.4M | $48.5M | ||
| Q1 24 | $407.0M | $51.0M |
总资产CMTLPBYI
| Q4 25 | $734.1M | $216.3M | ||
| Q3 25 | $740.8M | $202.9M | ||
| Q2 25 | $751.1M | $194.9M | ||
| Q1 25 | $770.6M | $196.2M | ||
| Q4 24 | $793.2M | $213.3M | ||
| Q3 24 | $793.2M | $220.7M | ||
| Q2 24 | $991.0M | $205.0M | ||
| Q1 24 | $996.8M | $214.1M |
负债/权益比CMTLPBYI
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $8.1M | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $4.8M | $14.4M |
| 自由现金流率自由现金流/营收 | 4.3% | 19.1% |
| 资本支出强度资本支出/营收 | 2.9% | 0.0% |
| 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 | $41.7M |
8季度趋势，按日历期对齐
经营现金流CMTLPBYI
| Q4 25 | $8.1M | $14.4M | ||
| Q3 25 | $11.4M | $9.7M | ||
| Q2 25 | $2.3M | $14.1M | ||
| Q1 25 | $-234.0K | $3.6M | ||
| Q4 24 | $-21.8M | $15.6M | ||
| Q3 24 | $-9.5M | $11.0M | ||
| Q2 24 | $-3.8M | $1.0M | ||
| Q1 24 | $-26.7M | $11.2M |
自由现金流CMTLPBYI
| Q4 25 | $4.8M | $14.4M | ||
| Q3 25 | $9.4M | $9.7M | ||
| Q2 25 | $-160.0K | $14.1M | ||
| Q1 25 | $-1.9M | $3.6M | ||
| Q4 24 | $-24.2M | $15.6M | ||
| Q3 24 | $-12.4M | $11.0M | ||
| Q2 24 | $-6.5M | $1.0M | ||
| Q1 24 | $-30.9M | — |
自由现金流率CMTLPBYI
| Q4 25 | 4.3% | 19.1% | ||
| Q3 25 | 7.2% | 17.7% | ||
| Q2 25 | -0.1% | 26.8% | ||
| Q1 25 | -1.5% | 7.7% | ||
| Q4 24 | -20.9% | 26.4% | ||
| Q3 24 | -9.8% | 13.7% | ||
| Q2 24 | -5.0% | 2.1% | ||
| Q1 24 | -23.0% | — |
资本支出强度CMTLPBYI
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.9% | 0.0% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 2.1% | 0.0% | ||
| Q3 24 | 2.3% | 0.0% | ||
| Q2 24 | 2.1% | 0.0% | ||
| Q1 24 | 3.2% | 0.0% |
现金转化率CMTLPBYI
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | 1.10× | ||
| Q2 25 | 0.07× | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| 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
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% |
PBYI
暂无分部数据
