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CVD EQUIPMENT CORP（CVV）与VEECO INSTRUMENTS INC（VECO）财务数据对比。点击上方公司名可切换其他公司
VEECO INSTRUMENTS INC的季度营收约是CVD EQUIPMENT CORP的33.3倍（$165.0M vs $5.0M）。VEECO INSTRUMENTS INC净利率更高（0.7% vs -25.6%，领先26.3%）。VEECO INSTRUMENTS INC同比增速更快（-9.4% vs -33.2%）。VEECO INSTRUMENTS INC自由现金流更多（$21.7M vs $396.0K）。过去两年CVD EQUIPMENT CORP的营收复合增速更高（0.3% vs -2.8%）
CVD Equipment Corp是一家专业设计、生产和供应定制化化学气相沉积系统、热处理设备及相关过程控制解决方案的企业，产品服务于半导体制造、可再生能源、航空航天、先进材料研发等领域，客户覆盖全球商用及科研机构。
维易科仪器公司是全球领先的资本设备供应商，总部位于美国，专注于设计和制造半导体及化合物半导体制造、数据存储、科研领域使用的工艺系统，产品广泛应用于先进封装、光子学、电力电子和显示技术等前沿领域。
CVV vs VECO — 直观对比
营收规模更大
VECO
是对方的33.3倍
$5.0M
营收增速更快
VECO
高出23.8%
-33.2%
净利率更高
VECO
高出26.3%
-25.6%
自由现金流更多
VECO
多$21.3M
$396.0K
两年增速更快
CVV
近两年复合增速
-2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0M | $165.0M |
| 净利润 | $-1.3M | $1.1M |
| 毛利率 | 22.2% | 36.7% |
| 营业利润率 | -27.2% | -0.8% |
| 净利率 | -25.6% | 0.7% |
| 营收同比 | -33.2% | -9.4% |
| 净利润同比 | -1060.6% | -92.6% |
| 每股收益（稀释后） | $-0.19 | $0.02 |
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CVVVECO
| Q4 25 | $5.0M | $165.0M | ||
| Q3 25 | $7.4M | $165.9M | ||
| Q2 25 | $5.1M | $166.1M | ||
| Q1 25 | $8.3M | $167.3M | ||
| Q4 24 | $7.4M | $182.1M | ||
| Q3 24 | $8.2M | $184.8M | ||
| Q2 24 | $6.3M | $175.9M | ||
| Q1 24 | $4.9M | $174.5M |
净利润CVVVECO
| Q4 25 | $-1.3M | $1.1M | ||
| Q3 25 | $384.0K | $10.6M | ||
| Q2 25 | $-1.1M | $11.7M | ||
| Q1 25 | $360.0K | $11.9M | ||
| Q4 24 | $132.0K | $15.0M | ||
| Q3 24 | $203.0K | $22.0M | ||
| Q2 24 | $-761.0K | $14.9M | ||
| Q1 24 | $-1.5M | $21.9M |
毛利率CVVVECO
| Q4 25 | 22.2% | 36.7% | ||
| Q3 25 | 32.7% | 40.8% | ||
| Q2 25 | 21.0% | 41.4% | ||
| Q1 25 | 32.4% | 40.9% | ||
| Q4 24 | 26.3% | 40.6% | ||
| Q3 24 | 21.5% | 42.9% | ||
| Q2 24 | 24.3% | 42.9% | ||
| Q1 24 | 16.2% | 43.2% |
营业利润率CVVVECO
| Q4 25 | -27.2% | -0.8% | ||
| Q3 25 | 4.2% | 6.4% | ||
| Q2 25 | -22.3% | 7.4% | ||
| Q1 25 | 3.2% | 8.5% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | 0.9% | 13.2% | ||
| Q2 24 | -14.2% | 9.5% | ||
| Q1 24 | -33.0% | 12.6% |
净利率CVVVECO
| Q4 25 | -25.6% | 0.7% | ||
| Q3 25 | 5.2% | 6.4% | ||
| Q2 25 | -20.8% | 7.1% | ||
| Q1 25 | 4.3% | 7.1% | ||
| Q4 24 | 1.8% | 8.2% | ||
| Q3 24 | 2.5% | 11.9% | ||
| Q2 24 | -12.0% | 8.5% | ||
| Q1 24 | -29.9% | 12.5% |
每股收益（稀释后）CVVVECO
| Q4 25 | $-0.19 | $0.02 | ||
| Q3 25 | $0.06 | $0.17 | ||
| Q2 25 | $-0.15 | $0.20 | ||
| Q1 25 | $0.05 | $0.20 | ||
| Q4 24 | $0.02 | $0.25 | ||
| Q3 24 | $0.03 | $0.36 | ||
| Q2 24 | $-0.11 | $0.25 | ||
| Q1 24 | $-0.22 | $0.37 |
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 | $8.7M | $163.5M |
| 总债务越低越好 | — | $226.0M |
| 股东权益账面价值 | $24.7M | $885.5M |
| 总资产 | $27.5M | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资CVVVECO
| Q4 25 | $8.7M | $163.5M | ||
| Q3 25 | $8.4M | $193.2M | ||
| Q2 25 | $7.0M | $188.9M | ||
| Q1 25 | $10.2M | $174.9M | ||
| Q4 24 | $12.6M | $145.6M | ||
| Q3 24 | $10.0M | $163.2M | ||
| Q2 24 | $10.0M | $174.2M | ||
| Q1 24 | $11.9M | $174.0M |
总债务CVVVECO
| Q4 25 | — | $226.0M | ||
| Q3 25 | — | $225.7M | ||
| Q2 25 | — | $225.4M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | $268.0K | $276.2M | ||
| Q3 24 | — | $275.9M | ||
| Q2 24 | — | $275.6M | ||
| Q1 24 | — | $275.2M |
股东权益CVVVECO
| Q4 25 | $24.7M | $885.5M | ||
| Q3 25 | $25.8M | $876.0M | ||
| Q2 25 | $25.2M | $856.2M | ||
| Q1 25 | $26.0M | $811.9M | ||
| Q4 24 | $25.4M | $770.8M | ||
| Q3 24 | $25.0M | $746.5M | ||
| Q2 24 | $24.5M | $715.0M | ||
| Q1 24 | $25.0M | $687.9M |
总资产CVVVECO
| Q4 25 | $27.5M | $1.3B | ||
| Q3 25 | $29.8M | $1.3B | ||
| Q2 25 | $29.9M | $1.3B | ||
| Q1 25 | $31.1M | $1.3B | ||
| Q4 24 | $31.7M | $1.3B | ||
| Q3 24 | $31.8M | $1.3B | ||
| Q2 24 | $33.8M | $1.2B | ||
| Q1 24 | $35.4M | $1.2B |
负债/权益比CVVVECO
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 0.01× | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.40× |
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 | $397.0K | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $396.0K | $21.7M |
| 自由现金流率自由现金流/营收 | 8.0% | 13.1% |
| 资本支出强度资本支出/营收 | 0.0% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 22.38× |
| 过去12个月自由现金流最近4个季度 | — | $53.3M |
8季度趋势，按日历期对齐
经营现金流CVVVECO
| Q4 25 | $397.0K | $24.9M | ||
| Q3 25 | $1.4M | $15.5M | ||
| Q2 25 | $-3.2M | $9.0M | ||
| Q1 25 | $-2.3M | $20.0M | ||
| Q4 24 | $2.3M | $28.4M | ||
| Q3 24 | $32.0K | $17.6M | ||
| Q2 24 | $-1.7M | $8.5M | ||
| Q1 24 | $-2.0M | $9.4M |
自由现金流CVVVECO
| Q4 25 | $396.0K | $21.7M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | $-3.2M | $5.4M | ||
| Q1 25 | $-2.3M | $13.2M | ||
| Q4 24 | $2.1M | $23.2M | ||
| Q3 24 | $-5.0K | $13.6M | ||
| Q2 24 | $-1.8M | $5.5M | ||
| Q1 24 | $-2.1M | $3.4M |
自由现金流率CVVVECO
| Q4 25 | 8.0% | 13.1% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | -62.1% | 3.3% | ||
| Q1 25 | -27.7% | 7.9% | ||
| Q4 24 | 28.8% | 12.7% | ||
| Q3 24 | -0.1% | 7.4% | ||
| Q2 24 | -29.0% | 3.1% | ||
| Q1 24 | -42.9% | 1.9% |
资本支出强度CVVVECO
| Q4 25 | 0.0% | 2.0% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.5% | 4.0% | ||
| Q4 24 | 1.5% | 2.8% | ||
| Q3 24 | 0.5% | 2.2% | ||
| Q2 24 | 1.8% | 1.7% | ||
| Q1 24 | 1.4% | 3.4% |
现金转化率CVVVECO
| Q4 25 | — | 22.38× | ||
| Q3 25 | 3.53× | 1.47× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | -6.28× | 1.67× | ||
| Q4 24 | 17.05× | 1.90× | ||
| Q3 24 | 0.16× | 0.80× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.43× |
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
CVV
| Transferred Over Time | $3.8M | 76% |
| Transferred At Point In Time | $1.2M | 24% |
VECO
| Asia Pacific Excluding China | $89.9M | 54% |
| Other | $44.8M | 27% |
| Compound Semiconductor | $20.1M | 12% |
| Data Storage | $10.2M | 6% |
