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FTAI Aviation Ltd.（FTAI）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.2倍（$662.0M vs $566.0M）。FTAI Aviation Ltd.净利率更高（17.5% vs -33.1%，领先50.6%）。FTAI Aviation Ltd.同比增速更快（32.7% vs -6.1%）。WillScot Holdings Corp自由现金流更多（$149.7M vs $-189.3M）。过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
FTAI vs WSC — 直观对比
营收规模更大
FTAI
是对方的1.2倍
$566.0M
营收增速更快
FTAI
高出38.8%
-6.1%
净利率更高
FTAI
高出50.6%
-33.1%
自由现金流更多
WSC
多$339.0M
$-189.3M
两年增速更快
FTAI
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $662.0M | $566.0M |
| 净利润 | $115.6M | $-187.3M |
| 毛利率 | 44.3% | 50.4% |
| 营业利润率 | 20.3% | -32.5% |
| 净利率 | 17.5% | -33.1% |
| 营收同比 | 32.7% | -6.1% |
| 净利润同比 | 12.8% | -310.0% |
| 每股收益（稀释后） | $1.06 | $-1.02 |
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FTAIWSC
| Q4 25 | $662.0M | $566.0M | ||
| Q3 25 | $667.1M | $566.8M | ||
| Q2 25 | $676.2M | $589.1M | ||
| Q1 25 | $502.1M | $559.6M | ||
| Q4 24 | $498.8M | $602.5M | ||
| Q3 24 | $465.8M | $601.4M | ||
| Q2 24 | $443.6M | $604.6M | ||
| Q1 24 | $326.7M | $587.2M |
净利润FTAIWSC
| Q4 25 | $115.6M | $-187.3M | ||
| Q3 25 | $117.7M | $43.3M | ||
| Q2 25 | $165.4M | $47.9M | ||
| Q1 25 | $102.4M | $43.1M | ||
| Q4 24 | $102.4M | $89.2M | ||
| Q3 24 | $86.5M | $-70.5M | ||
| Q2 24 | $-219.9M | $-46.9M | ||
| Q1 24 | $39.6M | $56.2M |
毛利率FTAIWSC
| Q4 25 | 44.3% | 50.4% | ||
| Q3 25 | 45.6% | 49.7% | ||
| Q2 25 | 45.4% | 50.3% | ||
| Q1 25 | 50.5% | 53.7% | ||
| Q4 24 | 48.3% | 55.8% | ||
| Q3 24 | 52.9% | 53.5% | ||
| Q2 24 | 53.6% | 54.1% | ||
| Q1 24 | 56.3% | 54.0% |
营业利润率FTAIWSC
| Q4 25 | 20.3% | -32.5% | ||
| Q3 25 | 21.6% | 21.0% | ||
| Q2 25 | 30.1% | 21.5% | ||
| Q1 25 | 24.9% | 21.3% | ||
| Q4 24 | 21.7% | 28.9% | ||
| Q3 24 | 20.1% | -5.9% | ||
| Q2 24 | -52.5% | -0.9% | ||
| Q1 24 | 13.8% | 22.1% |
净利率FTAIWSC
| Q4 25 | 17.5% | -33.1% | ||
| Q3 25 | 17.6% | 7.6% | ||
| Q2 25 | 24.5% | 8.1% | ||
| Q1 25 | 20.4% | 7.7% | ||
| Q4 24 | 20.5% | 14.8% | ||
| Q3 24 | 18.6% | -11.7% | ||
| Q2 24 | -49.6% | -7.7% | ||
| Q1 24 | 12.1% | 9.6% |
每股收益（稀释后）FTAIWSC
| Q4 25 | $1.06 | $-1.02 | ||
| Q3 25 | $1.10 | $0.24 | ||
| Q2 25 | $1.57 | $0.26 | ||
| Q1 25 | $0.87 | $0.23 | ||
| Q4 24 | $0.87 | $0.48 | ||
| Q3 24 | $0.76 | $-0.37 | ||
| Q2 24 | $-2.26 | $-0.25 | ||
| Q1 24 | $0.31 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $3.4B | $3.6B |
| 股东权益账面价值 | $334.2M | $856.3M |
| 总资产 | $4.4B | $5.8B |
| 负债/权益比越低杠杆越低 | 10.32× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资FTAIWSC
| Q4 25 | $300.5M | $14.6M | ||
| Q3 25 | $509.9M | $14.8M | ||
| Q2 25 | $301.9M | $12.8M | ||
| Q1 25 | $112.1M | $10.7M | ||
| Q4 24 | $115.1M | $9.0M | ||
| Q3 24 | $111.9M | $11.0M | ||
| Q2 24 | $169.5M | $5.9M | ||
| Q1 24 | $65.2M | $13.1M |
总债务FTAIWSC
| Q4 25 | $3.4B | $3.6B | ||
| Q3 25 | $3.4B | $3.6B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.6B | $3.6B | ||
| Q4 24 | $3.4B | $3.7B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.1B | $3.5B | ||
| Q1 24 | $2.7B | $3.5B |
股东权益FTAIWSC
| Q4 25 | $334.2M | $856.3M | ||
| Q3 25 | $252.5M | $1.1B | ||
| Q2 25 | $164.9M | $1.0B | ||
| Q1 25 | $28.3M | $1.0B | ||
| Q4 24 | $81.4M | $1.0B | ||
| Q3 24 | $118.5M | $1.1B | ||
| Q2 24 | $69.6M | $1.2B | ||
| Q1 24 | $177.1M | $1.3B |
总资产FTAIWSC
| Q4 25 | $4.4B | $5.8B | ||
| Q3 25 | $4.2B | $6.1B | ||
| Q2 25 | $4.1B | $6.1B | ||
| Q1 25 | $4.3B | $6.0B | ||
| Q4 24 | $4.0B | $6.0B | ||
| Q3 24 | $3.7B | $6.0B | ||
| Q2 24 | $3.4B | $6.0B | ||
| Q1 24 | $3.2B | $6.2B |
负债/权益比FTAIWSC
| Q4 25 | 10.32× | 4.15× | ||
| Q3 25 | 13.65× | 3.39× | ||
| Q2 25 | 20.88× | 3.55× | ||
| Q1 25 | 128.56× | 3.56× | ||
| Q4 24 | 42.28× | 3.62× | ||
| Q3 24 | 27.15× | 3.42× | ||
| Q2 24 | 44.24× | 2.88× | ||
| Q1 24 | 15.21× | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $-189.3M | $149.7M |
| 自由现金流率自由现金流/营收 | -28.6% | 26.5% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流FTAIWSC
| Q4 25 | $-179.1M | $158.9M | ||
| Q3 25 | $4.6M | $191.2M | ||
| Q2 25 | $-110.3M | $205.3M | ||
| Q1 25 | $-26.0M | $206.6M | ||
| Q4 24 | $-41.8M | $178.9M | ||
| Q3 24 | $41.5M | $-1.6M | ||
| Q2 24 | $-187.3M | $175.6M | ||
| Q1 24 | $-345.0K | $208.7M |
自由现金流FTAIWSC
| Q4 25 | $-189.3M | $149.7M | ||
| Q3 25 | $-1.8M | $186.9M | ||
| Q2 25 | $-117.2M | $199.0M | ||
| Q1 25 | $-30.1M | $202.0M | ||
| Q4 24 | $-48.1M | $176.6M | ||
| Q3 24 | $41.0M | $-4.9M | ||
| Q2 24 | $-188.4M | $169.4M | ||
| Q1 24 | $-1.7M | $202.1M |
自由现金流率FTAIWSC
| Q4 25 | -28.6% | 26.5% | ||
| Q3 25 | -0.3% | 33.0% | ||
| Q2 25 | -17.3% | 33.8% | ||
| Q1 25 | -6.0% | 36.1% | ||
| Q4 24 | -9.6% | 29.3% | ||
| Q3 24 | 8.8% | -0.8% | ||
| Q2 24 | -42.5% | 28.0% | ||
| Q1 24 | -0.5% | 34.4% |
资本支出强度FTAIWSC
| Q4 25 | 1.5% | 1.6% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 0.8% | 0.8% | ||
| Q4 24 | 1.3% | 0.4% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.3% | 1.0% | ||
| Q1 24 | 0.4% | 1.1% |
现金转化率FTAIWSC
| Q4 25 | -1.55× | — | ||
| Q3 25 | 0.04× | 4.41× | ||
| Q2 25 | -0.67× | 4.28× | ||
| Q1 25 | -0.25× | 4.80× | ||
| Q4 24 | -0.41× | 2.01× | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.01× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
