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CPI AEROSTRUCTURES INC（CVU）与DUCOMMUN INC（DCO）财务数据对比。点击上方公司名可切换其他公司
DUCOMMUN INC的季度营收约是CPI AEROSTRUCTURES INC的11.1倍（$215.8M vs $19.4M）。CPI AEROSTRUCTURES INC净利率更高（3.6% vs 3.4%，领先0.1%）。DUCOMMUN INC同比增速更快（9.4% vs -10.8%）。CPI AEROSTRUCTURES INC自由现金流更多（$-2.1M vs $-78.8M）。过去两年DUCOMMUN INC的营收复合增速更高（6.3% vs 0.9%）
CPI航空结构公司（简称CPI Aero）总部位于美国纽约州埃德伍德国，是一家专业承接定制订单的飞机零部件制造商，专注为航空领域客户供应航空结构组件。
杜科蒙是一家全球性航空航天与国防制造企业，主要供应复杂结构部件、电子系统，提供专业工程服务，覆盖商用航空、军事国防、航天领域客户，交付适用于关键航空航天场景的高可靠性解决方案。
CVU vs DCO — 直观对比
营收规模更大
DCO
是对方的11.1倍
$19.4M
营收增速更快
DCO
高出20.2%
-10.8%
净利率更高
CVU
高出0.1%
3.4%
自由现金流更多
CVU
多$76.7M
$-78.8M
两年增速更快
DCO
近两年复合增速
0.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $19.4M | $215.8M |
| 净利润 | $691.8K | $7.4M |
| 毛利率 | 20.3% | 27.7% |
| 营业利润率 | 6.4% | 6.5% |
| 净利率 | 3.6% | 3.4% |
| 营收同比 | -10.8% | 9.4% |
| 净利润同比 | -28.8% | 9.9% |
| 每股收益（稀释后） | $0.04 | $0.52 |
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CVUDCO
| Q4 25 | $19.4M | $215.8M | ||
| Q3 25 | $19.3M | $212.6M | ||
| Q2 25 | $15.2M | $202.3M | ||
| Q1 25 | $15.4M | $194.1M | ||
| Q4 24 | $21.8M | $197.3M | ||
| Q3 24 | $19.4M | $201.4M | ||
| Q2 24 | $20.8M | $197.0M | ||
| Q1 24 | $19.1M | $190.8M |
净利润CVUDCO
| Q4 25 | $691.8K | $7.4M | ||
| Q3 25 | $1.1M | $-64.4M | ||
| Q2 25 | $-1.3M | $12.6M | ||
| Q1 25 | $-1.3M | $10.5M | ||
| Q4 24 | $971.5K | $6.8M | ||
| Q3 24 | $749.7K | $10.1M | ||
| Q2 24 | $1.4M | $7.7M | ||
| Q1 24 | $168.2K | $6.8M |
毛利率CVUDCO
| Q4 25 | 20.3% | 27.7% | ||
| Q3 25 | 22.3% | 26.6% | ||
| Q2 25 | 4.4% | 26.6% | ||
| Q1 25 | 10.7% | 26.6% | ||
| Q4 24 | 20.0% | 23.5% | ||
| Q3 24 | 21.7% | 26.2% | ||
| Q2 24 | 24.6% | 26.0% | ||
| Q1 24 | 18.6% | 24.6% |
营业利润率CVUDCO
| Q4 25 | 6.4% | 6.5% | ||
| Q3 25 | 9.1% | -37.7% | ||
| Q2 25 | -13.1% | 8.5% | ||
| Q1 25 | -7.7% | 8.5% | ||
| Q4 24 | 9.5% | 5.3% | ||
| Q3 24 | 7.6% | 7.6% | ||
| Q2 24 | 11.2% | 7.1% | ||
| Q1 24 | 4.4% | 6.6% |
净利率CVUDCO
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | 5.8% | -30.3% | ||
| Q2 25 | -8.7% | 6.2% | ||
| Q1 25 | -8.6% | 5.4% | ||
| Q4 24 | 4.5% | 3.4% | ||
| Q3 24 | 3.9% | 5.0% | ||
| Q2 24 | 6.8% | 3.9% | ||
| Q1 24 | 0.9% | 3.6% |
每股收益（稀释后）CVUDCO
| Q4 25 | $0.04 | $0.52 | ||
| Q3 25 | $0.09 | $-4.30 | ||
| Q2 25 | $-0.10 | $0.82 | ||
| Q1 25 | $-0.10 | $0.69 | ||
| Q4 24 | $0.08 | $0.45 | ||
| Q3 24 | $0.06 | $0.67 | ||
| Q2 24 | $0.11 | $0.52 | ||
| Q1 24 | $0.01 | $0.46 |
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 | — | $45.3M |
| 总债务越低越好 | $0 | $298.8M |
| 股东权益账面价值 | $25.8M | $662.1M |
| 总资产 | $75.2M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资CVUDCO
| Q4 25 | — | $45.3M | ||
| Q3 25 | — | $50.9M | ||
| Q2 25 | — | $37.1M | ||
| Q1 25 | — | $30.7M | ||
| Q4 24 | — | $37.1M | ||
| Q3 24 | — | $37.3M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $32.1M |
总债务CVUDCO
| Q4 25 | $0 | $298.8M | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $218.1M | ||
| Q1 25 | — | $229.9M | ||
| Q4 24 | $26.5K | $229.8M | ||
| Q3 24 | — | $246.0M | ||
| Q2 24 | — | $250.9M | ||
| Q1 24 | — | $253.9M |
股东权益CVUDCO
| Q4 25 | $25.8M | $662.1M | ||
| Q3 25 | $25.0M | $649.0M | ||
| Q2 25 | $23.8M | $707.8M | ||
| Q1 25 | $24.9M | $693.0M | ||
| Q4 24 | $25.9M | $682.5M | ||
| Q3 24 | $24.9M | $665.6M | ||
| Q2 24 | $24.1M | $655.9M | ||
| Q1 24 | $22.5M | $645.5M |
总资产CVUDCO
| Q4 25 | $75.2M | $1.2B | ||
| Q3 25 | $74.1M | $1.2B | ||
| Q2 25 | $72.3M | $1.1B | ||
| Q1 25 | $65.4M | $1.1B | ||
| Q4 24 | $68.0M | $1.1B | ||
| Q3 24 | $68.9M | $1.1B | ||
| Q2 24 | $70.2M | $1.1B | ||
| Q1 24 | $70.8M | $1.1B |
负债/权益比CVUDCO
| Q4 25 | 0.00× | 0.45× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 0.00× | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.39× |
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 | $-2.1M | $-74.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.1M | $-78.8M |
| 自由现金流率自由现金流/营收 | -10.8% | -36.5% |
| 资本支出强度资本支出/营收 | 0.0% | 1.9% |
| 现金转化率经营现金流/净利润 | -3.03× | -10.03× |
| 过去12个月自由现金流最近4个季度 | $-5.3M | $-48.6M |
8季度趋势，按日历期对齐
经营现金流CVUDCO
| Q4 25 | $-2.1M | $-74.7M | ||
| Q3 25 | $212.1K | $18.1M | ||
| Q2 25 | $-596.3K | $22.4M | ||
| Q1 25 | $-2.7M | $771.0K | ||
| Q4 24 | $4.4M | $18.4M | ||
| Q3 24 | $715.1K | $13.9M | ||
| Q2 24 | $-591.7K | $3.5M | ||
| Q1 24 | $-960.5K | $-1.6M |
自由现金流CVUDCO
| Q4 25 | $-2.1M | $-78.8M | ||
| Q3 25 | $211.1K | $16.0M | ||
| Q2 25 | $-599.8K | $18.1M | ||
| Q1 25 | $-2.8M | $-4.0M | ||
| Q4 24 | $4.3M | $14.6M | ||
| Q3 24 | $586.9K | $12.0M | ||
| Q2 24 | $-746.9K | $144.0K | ||
| Q1 24 | $-1.0M | $-6.6M |
自由现金流率CVUDCO
| Q4 25 | -10.8% | -36.5% | ||
| Q3 25 | 1.1% | 7.5% | ||
| Q2 25 | -4.0% | 9.0% | ||
| Q1 25 | -18.1% | -2.1% | ||
| Q4 24 | 19.9% | 7.4% | ||
| Q3 24 | 3.0% | 5.9% | ||
| Q2 24 | -3.6% | 0.1% | ||
| Q1 24 | -5.3% | -3.5% |
资本支出强度CVUDCO
| Q4 25 | 0.0% | 1.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 2.1% | ||
| Q1 25 | 0.4% | 2.5% | ||
| Q4 24 | 0.3% | 2.0% | ||
| Q3 24 | 0.7% | 1.0% | ||
| Q2 24 | 0.7% | 1.7% | ||
| Q1 24 | 0.2% | 2.6% |
现金转化率CVUDCO
| Q4 25 | -3.03× | -10.03× | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | — | 1.79× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | 4.53× | 2.72× | ||
| Q3 24 | 0.95× | 1.37× | ||
| Q2 24 | -0.42× | 0.45× | ||
| Q1 24 | -5.71× | -0.24× |
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
CVU
| Government Subcontracts | $16.4M | 85% |
| Commercial Contracts | $2.3M | 12% |
| Prime Government Contracts | $725.8K | 4% |
DCO
| Other | $90.1M | 42% |
| Militaryand Space | $60.0M | 28% |
| Electronic Systems Segment | $31.3M | 15% |
| Commercial Aerospace | $24.8M | 11% |
| Estimate At Completion Adjustment | $6.6M | 3% |
| Industrial | $3.0M | 1% |
