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Firefly Aerospace Inc.（FLY）与Voyager Technologies, Inc.（VOYG）财务数据对比。点击上方公司名可切换其他公司
Voyager Technologies, Inc.的季度营收约是Firefly Aerospace Inc.的1.3倍（$39.6M vs $30.8M）。Voyager Technologies, Inc.净利率更高（-41.1% vs -433.5%，领先392.4%）。Voyager Technologies, Inc.自由现金流更多（$-53.8M vs $-62.0M）
萤火虫航空航天（Firefly Aerospace）是总部位于美国得克萨斯州锡达帕克的商业航天企业，专注于研发中小型运载火箭，为客户提供商业轨道发射服务，致力于降低太空准入门槛，推动商业航天行业的发展。
FLY vs VOYG — 直观对比
营收规模更大
VOYG
是对方的1.3倍
$30.8M
净利率更高
VOYG
高出392.4%
-433.5%
自由现金流更多
VOYG
多$8.2M
$-62.0M
损益表 — Q3 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $30.8M | $39.6M |
| 净利润 | $-133.4M | $-16.3M |
| 毛利率 | 27.6% | 15.4% |
| 营业利润率 | -202.1% | -60.7% |
| 净利率 | -433.5% | -41.1% |
| 营收同比 | 37.6% | — |
| 净利润同比 | -227.1% | — |
| 每股收益（稀释后） | $-1.50 | $-0.28 |
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FLYVOYG
| Q3 25 | $30.8M | $39.6M | ||
| Q2 25 | $15.5M | $45.7M | ||
| Q3 24 | $22.4M | — | ||
| Q2 24 | $21.1M | — |
净利润FLYVOYG
| Q3 25 | $-133.4M | $-16.3M | ||
| Q2 25 | $-63.8M | $-31.4M | ||
| Q3 24 | $-40.8M | — | ||
| Q2 24 | $-53.5M | — |
毛利率FLYVOYG
| Q3 25 | 27.6% | 15.4% | ||
| Q2 25 | 25.7% | 18.0% | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 14.0% | — |
营业利润率FLYVOYG
| Q3 25 | -202.1% | -60.7% | ||
| Q2 25 | -349.5% | -52.8% | ||
| Q3 24 | -152.9% | — | ||
| Q2 24 | -232.1% | — |
净利率FLYVOYG
| Q3 25 | -433.5% | -41.1% | ||
| Q2 25 | -410.2% | -68.7% | ||
| Q3 24 | -182.3% | — | ||
| Q2 24 | -253.7% | — |
每股收益（稀释后）FLYVOYG
| Q3 25 | $-1.50 | $-0.28 | ||
| Q2 25 | $-5.78 | $-1.23 | ||
| Q3 24 | $-3.57 | — | ||
| Q2 24 | $-4.60 | — |
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 | $995.2M | $413.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $948.8M | $590.9M |
| 总资产 | $1.3B | $727.8M |
| 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FLYVOYG
| Q3 25 | $995.2M | $413.3M | ||
| Q2 25 | $205.3M | $468.9M | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $21.9M | — |
总债务FLYVOYG
| Q3 25 | — | — | ||
| Q2 25 | $136.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FLYVOYG
| Q3 25 | $948.8M | $590.9M | ||
| Q2 25 | $-918.0M | $554.7M | ||
| Q3 24 | $-665.5M | — | ||
| Q2 24 | $-620.0M | — |
总资产FLYVOYG
| Q3 25 | $1.3B | $727.8M | ||
| Q2 25 | $466.8M | $685.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-53.0M | $-15.1M |
| 自由现金流经营现金流 - 资本支出 | $-62.0M | $-53.8M |
| 自由现金流率自由现金流/营收 | -201.3% | -135.8% |
| 资本支出强度资本支出/营收 | 29.0% | 97.8% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FLYVOYG
| Q3 25 | $-53.0M | $-15.1M | ||
| Q2 25 | — | $-30.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流FLYVOYG
| Q3 25 | $-62.0M | $-53.8M | ||
| Q2 25 | — | $-88.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率FLYVOYG
| Q3 25 | -201.3% | -135.8% | ||
| Q2 25 | — | -194.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度FLYVOYG
| Q3 25 | 29.0% | 97.8% | ||
| Q2 25 | — | 126.7% | ||
| Q3 24 | — | — | ||
| Q2 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
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
VOYG
| US Government | $26.9M | 68% |
| Space Solutions | $11.7M | 30% |
| Other | $1.0M | 3% |
