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COMTECH TELECOMMUNICATIONS CORP（CMTL）与Planet Labs PBC（PL）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Planet Labs PBC的1.4倍（$111.0M vs $81.3M）。COMTECH TELECOMMUNICATIONS CORP净利率更高（-14.3% vs -72.8%，领先58.5%）。Planet Labs PBC同比增速更快（32.6% vs -4.1%）。COMTECH TELECOMMUNICATIONS CORP自由现金流更多（$4.8M vs $1.9M）。过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
CMTL vs PL — 直观对比
营收规模更大
CMTL
是对方的1.4倍
$81.3M
营收增速更快
PL
高出36.7%
-4.1%
净利率更高
CMTL
高出58.5%
-72.8%
自由现金流更多
CMTL
多$2.9M
$1.9M
两年增速更快
PL
近两年复合增速
-9.0%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $81.3M |
| 净利润 | $-15.9M | $-59.2M |
| 毛利率 | 33.1% | 57.3% |
| 营业利润率 | -2.5% | -22.6% |
| 净利率 | -14.3% | -72.8% |
| 营收同比 | -4.1% | 32.6% |
| 净利润同比 | 89.3% | -194.7% |
| 每股收益（稀释后） | $-0.67 | $-0.19 |
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CMTLPL
| Q4 25 | $111.0M | $81.3M | ||
| Q3 25 | $130.4M | $73.4M | ||
| Q2 25 | $126.8M | $66.3M | ||
| Q1 25 | $126.6M | $61.6M | ||
| Q4 24 | $115.8M | $61.3M | ||
| Q3 24 | $126.2M | $61.1M | ||
| Q2 24 | $128.1M | $60.4M | ||
| Q1 24 | $134.2M | $58.9M |
净利润CMTLPL
| Q4 25 | $-15.9M | $-59.2M | ||
| Q3 25 | $7.9M | $-22.6M | ||
| Q2 25 | $33.9M | $-12.6M | ||
| Q1 25 | $-48.7M | $-35.2M | ||
| Q4 24 | $-148.4M | $-20.1M | ||
| Q3 24 | $-90.8M | $-38.7M | ||
| Q2 24 | $2.8M | $-29.3M | ||
| Q1 24 | $-10.6M | $-30.1M |
毛利率CMTLPL
| Q4 25 | 33.1% | 57.3% | ||
| Q3 25 | 31.2% | 57.6% | ||
| Q2 25 | 30.7% | 55.2% | ||
| Q1 25 | 26.7% | 62.1% | ||
| Q4 24 | 12.5% | 61.2% | ||
| Q3 24 | 21.5% | 52.9% | ||
| Q2 24 | 30.4% | 52.4% | ||
| Q1 24 | 32.2% | 55.2% |
营业利润率CMTLPL
| Q4 25 | -2.5% | -22.6% | ||
| Q3 25 | 1.4% | -24.5% | ||
| Q2 25 | -1.2% | -34.4% | ||
| Q1 25 | -8.1% | -31.5% | ||
| Q4 24 | -111.5% | -36.9% | ||
| Q3 24 | -64.6% | -64.8% | ||
| Q2 24 | -2.7% | -57.2% | ||
| Q1 24 | 2.2% | -57.6% |
净利率CMTLPL
| Q4 25 | -14.3% | -72.8% | ||
| Q3 25 | 6.1% | -30.8% | ||
| Q2 25 | 26.8% | -19.1% | ||
| Q1 25 | -38.5% | -57.1% | ||
| Q4 24 | -128.2% | -32.8% | ||
| Q3 24 | -71.9% | -63.3% | ||
| Q2 24 | 2.2% | -48.5% | ||
| Q1 24 | -7.9% | -51.1% |
每股收益（稀释后）CMTLPL
| Q4 25 | $-0.67 | $-0.19 | ||
| Q3 25 | $-0.41 | $-0.07 | ||
| Q2 25 | $-0.49 | $-0.04 | ||
| Q1 25 | $-0.76 | $-0.12 | ||
| Q4 24 | $-5.29 | $-0.07 | ||
| Q3 24 | $-3.48 | $-0.13 | ||
| Q2 24 | $-0.04 | $-0.10 | ||
| 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 | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $85.6M | $349.6M |
| 总资产 | $734.1M | $1.1B |
| 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CMTLPL
| Q4 25 | $43.6M | $443.3M | ||
| Q3 25 | $40.0M | $181.1M | ||
| Q2 25 | $28.4M | $133.5M | ||
| Q1 25 | $26.7M | $118.0M | ||
| Q4 24 | $29.6M | $139.0M | ||
| Q3 24 | $32.4M | $148.3M | ||
| Q2 24 | $27.2M | $107.4M | ||
| Q1 24 | $40.0M | $83.9M |
股东权益CMTLPL
| Q4 25 | $85.6M | $349.6M | ||
| Q3 25 | $104.4M | $435.7M | ||
| Q2 25 | $115.4M | $444.8M | ||
| Q1 25 | $128.7M | $441.3M | ||
| Q4 24 | $150.4M | $464.6M | ||
| Q3 24 | $306.3M | $473.2M | ||
| Q2 24 | $406.4M | $500.3M | ||
| Q1 24 | $407.0M | $518.0M |
总资产CMTLPL
| Q4 25 | $734.1M | $1.1B | ||
| Q3 25 | $740.8M | $696.4M | ||
| Q2 25 | $751.1M | $658.4M | ||
| Q1 25 | $770.6M | $633.8M | ||
| Q4 24 | $793.2M | $630.8M | ||
| Q3 24 | $793.2M | $658.4M | ||
| Q2 24 | $991.0M | $674.6M | ||
| Q1 24 | $996.8M | $702.0M |
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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $4.8M | $1.9M |
| 自由现金流率自由现金流/营收 | 4.3% | 2.3% |
| 资本支出强度资本支出/营收 | 2.9% | 32.9% |
| 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 | $40.7M |
8季度趋势，按日历期对齐
经营现金流CMTLPL
| Q4 25 | $8.1M | $28.6M | ||
| Q3 25 | $11.4M | $67.8M | ||
| Q2 25 | $2.3M | $17.3M | ||
| Q1 25 | $-234.0K | $-6.3M | ||
| Q4 24 | $-21.8M | $4.1M | ||
| Q3 24 | $-9.5M | $-7.9M | ||
| Q2 24 | $-3.8M | $-4.3M | ||
| Q1 24 | $-26.7M | $-6.8M |
自由现金流CMTLPL
| Q4 25 | $4.8M | $1.9M | ||
| Q3 25 | $9.4M | $47.5M | ||
| Q2 25 | $-160.0K | $9.2M | ||
| Q1 25 | $-1.9M | $-17.9M | ||
| Q4 24 | $-24.2M | $-3.6M | ||
| Q3 24 | $-12.4M | $-23.0M | ||
| Q2 24 | $-6.5M | $-14.2M | ||
| Q1 24 | $-30.9M | $-15.7M |
自由现金流率CMTLPL
| Q4 25 | 4.3% | 2.3% | ||
| Q3 25 | 7.2% | 64.7% | ||
| Q2 25 | -0.1% | 13.9% | ||
| Q1 25 | -1.5% | -29.1% | ||
| Q4 24 | -20.9% | -5.8% | ||
| Q3 24 | -9.8% | -37.6% | ||
| Q2 24 | -5.0% | -23.6% | ||
| Q1 24 | -23.0% | -26.7% |
资本支出强度CMTLPL
| Q4 25 | 2.9% | 32.9% | ||
| Q3 25 | 1.6% | 27.6% | ||
| Q2 25 | 1.9% | 12.3% | ||
| Q1 25 | 1.3% | 18.9% | ||
| Q4 24 | 2.1% | 12.5% | ||
| Q3 24 | 2.3% | 24.8% | ||
| Q2 24 | 2.1% | 16.4% | ||
| Q1 24 | 3.2% | 15.1% |
现金转化率CMTLPL
| 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
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
