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FTAI Aviation Ltd.（FTAI）与NPK International Inc.（NPKI）财务数据对比。点击上方公司名可切换其他公司
FTAI Aviation Ltd.的季度营收约是NPK International Inc.的8.8倍（$662.0M vs $75.2M）。FTAI Aviation Ltd.同比增速更快（32.7% vs 30.7%）。NPK International Inc.自由现金流更多（$5.8M vs $-189.3M）。过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% vs 23.9%）
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
FTAI vs NPKI — 直观对比
营收规模更大
FTAI
是对方的8.8倍
$75.2M
营收增速更快
FTAI
高出2.0%
30.7%
自由现金流更多
NPKI
多$195.0M
$-189.3M
两年增速更快
FTAI
近两年复合增速
23.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $662.0M | $75.2M |
| 净利润 | $115.6M | — |
| 毛利率 | 44.3% | 37.7% |
| 营业利润率 | 20.3% | 16.7% |
| 净利率 | 17.5% | — |
| 营收同比 | 32.7% | 30.7% |
| 净利润同比 | 12.8% | — |
| 每股收益（稀释后） | $1.06 | $0.17 |
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FTAINPKI
| Q4 25 | $662.0M | $75.2M | ||
| Q3 25 | $667.1M | $68.8M | ||
| Q2 25 | $676.2M | $68.2M | ||
| Q1 25 | $502.1M | $64.8M | ||
| Q4 24 | $498.8M | $57.5M | ||
| Q3 24 | $465.8M | $44.2M | ||
| Q2 24 | $443.6M | $66.8M | ||
| Q1 24 | $326.7M | $49.0M |
净利润FTAINPKI
| Q4 25 | $115.6M | — | ||
| Q3 25 | $117.7M | $5.7M | ||
| Q2 25 | $165.4M | $8.7M | ||
| Q1 25 | $102.4M | $10.0M | ||
| Q4 24 | $102.4M | — | ||
| Q3 24 | $86.5M | $-174.3M | ||
| Q2 24 | $-219.9M | $8.0M | ||
| Q1 24 | $39.6M | $7.3M |
毛利率FTAINPKI
| Q4 25 | 44.3% | 37.7% | ||
| Q3 25 | 45.6% | 31.9% | ||
| Q2 25 | 45.4% | 36.9% | ||
| Q1 25 | 50.5% | 39.0% | ||
| Q4 24 | 48.3% | 39.2% | ||
| Q3 24 | 52.9% | 27.5% | ||
| Q2 24 | 53.6% | 37.2% | ||
| Q1 24 | 56.3% | 36.0% |
营业利润率FTAINPKI
| Q4 25 | 20.3% | 16.7% | ||
| Q3 25 | 21.6% | 13.2% | ||
| Q2 25 | 30.1% | 17.0% | ||
| Q1 25 | 24.9% | 20.9% | ||
| Q4 24 | 21.7% | 20.2% | ||
| Q3 24 | 20.1% | 2.8% | ||
| Q2 24 | -52.5% | 18.7% | ||
| Q1 24 | 13.8% | 14.2% |
净利率FTAINPKI
| Q4 25 | 17.5% | — | ||
| Q3 25 | 17.6% | 8.2% | ||
| Q2 25 | 24.5% | 12.7% | ||
| Q1 25 | 20.4% | 15.4% | ||
| Q4 24 | 20.5% | — | ||
| Q3 24 | 18.6% | -394.3% | ||
| Q2 24 | -49.6% | 12.0% | ||
| Q1 24 | 12.1% | 14.9% |
每股收益（稀释后）FTAINPKI
| Q4 25 | $1.06 | $0.17 | ||
| Q3 25 | $1.10 | $0.07 | ||
| Q2 25 | $1.57 | $0.10 | ||
| Q1 25 | $0.87 | $0.11 | ||
| Q4 24 | $0.87 | $0.10 | ||
| Q3 24 | $0.76 | $-1.99 | ||
| Q2 24 | $-2.26 | $0.09 | ||
| Q1 24 | $0.31 | $0.08 |
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 | $300.5M | $5.1M |
| 总债务越低越好 | $3.4B | $16.9M |
| 股东权益账面价值 | $334.2M | $351.2M |
| 总资产 | $4.4B | $441.8M |
| 负债/权益比越低杠杆越低 | 10.32× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FTAINPKI
| Q4 25 | $300.5M | $5.1M | ||
| Q3 25 | $509.9M | $35.6M | ||
| Q2 25 | $301.9M | $26.0M | ||
| Q1 25 | $112.1M | $20.8M | ||
| Q4 24 | $115.1M | $17.8M | ||
| Q3 24 | $111.9M | $42.9M | ||
| Q2 24 | $169.5M | $35.1M | ||
| Q1 24 | $65.2M | $37.7M |
总债务FTAINPKI
| Q4 25 | $3.4B | $16.9M | ||
| Q3 25 | $3.4B | $9.5M | ||
| Q2 25 | $3.4B | $9.3M | ||
| Q1 25 | $3.6B | $8.1M | ||
| Q4 24 | $3.4B | $7.7M | ||
| Q3 24 | $3.2B | $14.0M | ||
| Q2 24 | $3.1B | $58.0M | ||
| Q1 24 | $2.7B | $77.4M |
股东权益FTAINPKI
| Q4 25 | $334.2M | $351.2M | ||
| Q3 25 | $252.5M | $333.9M | ||
| Q2 25 | $164.9M | $328.8M | ||
| Q1 25 | $28.3M | $326.9M | ||
| Q4 24 | $81.4M | $326.5M | ||
| Q3 24 | $118.5M | $316.5M | ||
| Q2 24 | $69.6M | $426.6M | ||
| Q1 24 | $177.1M | $421.6M |
总资产FTAINPKI
| Q4 25 | $4.4B | $441.8M | ||
| Q3 25 | $4.2B | $404.5M | ||
| Q2 25 | $4.1B | $393.7M | ||
| Q1 25 | $4.3B | $390.0M | ||
| Q4 24 | $4.0B | $393.7M | ||
| Q3 24 | $3.7B | $389.6M | ||
| Q2 24 | $3.4B | $624.8M | ||
| Q1 24 | $3.2B | $640.8M |
负债/权益比FTAINPKI
| Q4 25 | 10.32× | 0.05× | ||
| Q3 25 | 13.65× | 0.03× | ||
| Q2 25 | 20.88× | 0.03× | ||
| Q1 25 | 128.56× | 0.02× | ||
| Q4 24 | 42.28× | 0.02× | ||
| Q3 24 | 27.15× | 0.04× | ||
| Q2 24 | 44.24× | 0.14× | ||
| Q1 24 | 15.21× | 0.18× |
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 | $-179.1M | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $-189.3M | $5.8M |
| 自由现金流率自由现金流/营收 | -28.6% | 7.6% |
| 资本支出强度资本支出/营收 | 1.5% | 16.3% |
| 现金转化率经营现金流/净利润 | -1.55× | — |
| 过去12个月自由现金流最近4个季度 | $-338.5M | $26.3M |
8季度趋势，按日历期对齐
经营现金流FTAINPKI
| Q4 25 | $-179.1M | $18.0M | ||
| Q3 25 | $4.6M | $24.7M | ||
| Q2 25 | $-110.3M | $21.4M | ||
| Q1 25 | $-26.0M | $8.8M | ||
| Q4 24 | $-41.8M | $-4.1M | ||
| Q3 24 | $41.5M | $2.8M | ||
| Q2 24 | $-187.3M | $27.6M | ||
| Q1 24 | $-345.0K | $11.9M |
自由现金流FTAINPKI
| Q4 25 | $-189.3M | $5.8M | ||
| Q3 25 | $-1.8M | $12.0M | ||
| Q2 25 | $-117.2M | $9.7M | ||
| Q1 25 | $-30.1M | $-1.2M | ||
| Q4 24 | $-48.1M | $-17.7M | ||
| Q3 24 | $41.0M | $-6.7M | ||
| Q2 24 | $-188.4M | $21.0M | ||
| Q1 24 | $-1.7M | $-1.9M |
自由现金流率FTAINPKI
| Q4 25 | -28.6% | 7.6% | ||
| Q3 25 | -0.3% | 17.4% | ||
| Q2 25 | -17.3% | 14.3% | ||
| Q1 25 | -6.0% | -1.8% | ||
| Q4 24 | -9.6% | -30.8% | ||
| Q3 24 | 8.8% | -15.2% | ||
| Q2 24 | -42.5% | 31.4% | ||
| Q1 24 | -0.5% | -3.9% |
资本支出强度FTAINPKI
| Q4 25 | 1.5% | 16.3% | ||
| Q3 25 | 1.0% | 18.5% | ||
| Q2 25 | 1.0% | 17.1% | ||
| Q1 25 | 0.8% | 15.5% | ||
| Q4 24 | 1.3% | 23.6% | ||
| Q3 24 | 0.1% | 21.4% | ||
| Q2 24 | 0.3% | 9.9% | ||
| Q1 24 | 0.4% | 28.3% |
现金转化率FTAINPKI
| Q4 25 | -1.55× | — | ||
| Q3 25 | 0.04× | 4.37× | ||
| Q2 25 | -0.67× | 2.47× | ||
| Q1 25 | -0.25× | 0.88× | ||
| Q4 24 | -0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | -0.01× | 1.64× |
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
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
