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COMTECH TELECOMMUNICATIONS CORP（CMTL）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是COMTECH TELECOMMUNICATIONS CORP的1.7倍（$188.3M vs $111.0M），BRC Group Holdings, Inc.净利率更高（47.9% vs -14.3%，领先62.2%），COMTECH TELECOMMUNICATIONS CORP同比增速更快（-4.1% vs -21.9%），过去两年COMTECH TELECOMMUNICATIONS CORP的营收复合增速更高（-9.0% vs -15.4%）
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。
CMTL vs RILY — 直观对比
营收规模更大
RILY
是对方的1.7倍
$111.0M
营收增速更快
CMTL
高出17.7%
-21.9%
净利率更高
RILY
高出62.2%
-14.3%
两年增速更快
CMTL
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $188.3M |
| 净利润 | $-15.9M | $90.3M |
| 毛利率 | 33.1% | 79.5% |
| 营业利润率 | -2.5% | 32.3% |
| 净利率 | -14.3% | 47.9% |
| 营收同比 | -4.1% | -21.9% |
| 净利润同比 | 89.3% | 1710.8% |
| 每股收益（稀释后） | $-0.67 | $2.78 |
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CMTLRILY
| Q4 25 | $111.0M | $188.3M | ||
| Q3 25 | $130.4M | $215.3M | ||
| Q2 25 | $126.8M | $188.2M | ||
| Q1 25 | $126.6M | $197.2M | ||
| Q4 24 | $115.8M | $241.0M | ||
| Q3 24 | $126.2M | $225.5M | ||
| Q2 24 | $128.1M | $256.0M | ||
| Q1 24 | $134.2M | $263.4M |
净利润CMTLRILY
| Q4 25 | $-15.9M | $90.3M | ||
| Q3 25 | $7.9M | $91.1M | ||
| Q2 25 | $33.9M | $139.5M | ||
| Q1 25 | $-48.7M | $-10.0M | ||
| Q4 24 | $-148.4M | $-5.6M | ||
| Q3 24 | $-90.8M | $-284.4M | ||
| Q2 24 | $2.8M | $-433.6M | ||
| Q1 24 | $-10.6M | $-49.2M |
毛利率CMTLRILY
| Q4 25 | 33.1% | 79.5% | ||
| Q3 25 | 31.2% | 83.7% | ||
| Q2 25 | 30.7% | 81.3% | ||
| Q1 25 | 26.7% | 81.4% | ||
| Q4 24 | 12.5% | 79.8% | ||
| Q3 24 | 21.5% | 82.1% | ||
| Q2 24 | 30.4% | 84.5% | ||
| Q1 24 | 32.2% | 85.3% |
营业利润率CMTLRILY
| Q4 25 | -2.5% | 32.3% | ||
| Q3 25 | 1.4% | 30.4% | ||
| Q2 25 | -1.2% | 5.7% | ||
| Q1 25 | -8.1% | -31.2% | ||
| Q4 24 | -111.5% | -69.2% | ||
| Q3 24 | -64.6% | -36.4% | ||
| Q2 24 | -2.7% | -90.8% | ||
| Q1 24 | 2.2% | -6.1% |
净利率CMTLRILY
| Q4 25 | -14.3% | 47.9% | ||
| Q3 25 | 6.1% | 42.3% | ||
| Q2 25 | 26.8% | 74.1% | ||
| Q1 25 | -38.5% | -5.1% | ||
| Q4 24 | -128.2% | -2.3% | ||
| Q3 24 | -71.9% | -126.1% | ||
| Q2 24 | 2.2% | -169.4% | ||
| Q1 24 | -7.9% | -18.7% |
每股收益（稀释后）CMTLRILY
| Q4 25 | $-0.67 | $2.78 | ||
| Q3 25 | $-0.41 | $2.91 | ||
| Q2 25 | $-0.49 | $4.50 | ||
| Q1 25 | $-0.76 | $-0.39 | ||
| Q4 24 | $-5.29 | $-0.01 | ||
| Q3 24 | $-3.48 | $-9.39 | ||
| Q2 24 | $-0.04 | $-14.35 | ||
| Q1 24 | $-1.07 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $85.6M | $-171.5M |
| 总资产 | $734.1M | $1.7B |
| 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CMTLRILY
| Q4 25 | $43.6M | $226.6M | ||
| Q3 25 | $40.0M | $184.2M | ||
| Q2 25 | $28.4M | $267.4M | ||
| Q1 25 | $26.7M | $138.3M | ||
| Q4 24 | $29.6M | $146.9M | ||
| Q3 24 | $32.4M | $159.2M | ||
| Q2 24 | $27.2M | $236.9M | ||
| Q1 24 | $40.0M | $190.7M |
总债务CMTLRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMTLRILY
| Q4 25 | $85.6M | $-171.5M | ||
| Q3 25 | $104.4M | $-260.5M | ||
| Q2 25 | $115.4M | $-351.7M | ||
| Q1 25 | $128.7M | $-496.8M | ||
| Q4 24 | $150.4M | $-488.2M | ||
| Q3 24 | $306.3M | $-497.6M | ||
| Q2 24 | $406.4M | $-218.3M | ||
| Q1 24 | $407.0M | $228.4M |
总资产CMTLRILY
| Q4 25 | $734.1M | $1.7B | ||
| Q3 25 | $740.8M | $1.7B | ||
| Q2 25 | $751.1M | $1.5B | ||
| Q1 25 | $770.6M | $1.5B | ||
| Q4 24 | $793.2M | $1.8B | ||
| Q3 24 | $793.2M | $2.2B | ||
| Q2 24 | $991.0M | $3.2B | ||
| Q1 24 | $996.8M | $5.0B |
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 | $26.2M |
| 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 | — | 0.29× |
| 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CMTLRILY
| Q4 25 | $8.1M | $26.2M | ||
| Q3 25 | $11.4M | $-60.6M | ||
| Q2 25 | $2.3M | $-25.6M | ||
| Q1 25 | $-234.0K | $184.0K | ||
| Q4 24 | $-21.8M | $-2.7M | ||
| Q3 24 | $-9.5M | $19.5M | ||
| Q2 24 | $-3.8M | $111.5M | ||
| Q1 24 | $-26.7M | $135.4M |
自由现金流CMTLRILY
| 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CMTLRILY
| 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CMTLRILY
| 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CMTLRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | 1.45× | -0.66× | ||
| Q2 25 | 0.07× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
