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安捷伦科技（A）与ADT Inc.（ADT）财务数据对比。点击上方公司名可切换其他公司
安捷伦科技的季度营收约是ADT Inc.的1.4倍（$1.8B vs $1.3B），安捷伦科技净利率更高（17.0% vs 11.4%，领先5.6%），安捷伦科技同比增速更快（7.0% vs 2.9%），ADT Inc.自由现金流更多（$323.5M vs $175.0M），过去两年安捷伦科技的营收复合增速更高（6.9% vs 2.7%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
A vs ADT — 直观对比
营收规模更大
A
是对方的1.4倍
$1.3B
营收增速更快
A
高出4.1%
2.9%
净利率更高
A
高出5.6%
11.4%
自由现金流更多
ADT
多$148.5M
$175.0M
两年增速更快
A
近两年复合增速
2.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $305.0M | $145.4M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 26.1% |
| 净利率 | 17.0% | 11.4% |
| 营收同比 | 7.0% | 2.9% |
| 净利润同比 | -4.1% | -23.5% |
| 每股收益（稀释后） | $1.07 | — |
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AADT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
净利润AADT
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $145.4M | ||
| Q3 25 | $336.0M | $145.1M | ||
| Q2 25 | $215.0M | $165.2M | ||
| Q1 25 | $318.0M | $140.2M | ||
| Q4 24 | $351.0M | $190.0M | ||
| Q3 24 | $282.0M | $127.2M | ||
| Q2 24 | $308.0M | $92.4M |
毛利率AADT
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率AADT
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 26.1% | ||
| Q3 25 | 20.7% | 24.3% | ||
| Q2 25 | 18.0% | 26.6% | ||
| Q1 25 | 22.4% | 25.2% | ||
| Q4 24 | 24.0% | 32.4% | ||
| Q3 24 | 21.1% | 26.2% | ||
| Q2 24 | 23.1% | 23.6% |
净利率AADT
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 11.4% | ||
| Q3 25 | 19.3% | 11.2% | ||
| Q2 25 | 12.9% | 12.8% | ||
| Q1 25 | 18.9% | 11.1% | ||
| Q4 24 | 20.6% | 15.3% | ||
| Q3 24 | 17.9% | 10.2% | ||
| Q2 24 | 19.6% | 7.7% |
每股收益（稀释后）AADT
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $0.75 | — | ||
| Q1 25 | $1.11 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.97 | — | ||
| Q2 24 | $1.05 | — |
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 | $1.8B | $80.8M |
| 总债务越低越好 | $3.0B | $7.4B |
| 股东权益账面价值 | $6.9B | $3.8B |
| 总资产 | $12.8B | $15.8B |
| 负债/权益比越低杠杆越低 | 0.44× | 1.95× |
8季度趋势，按日历期对齐
现金及短期投资AADT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $80.8M | ||
| Q3 25 | $1.5B | $62.8M | ||
| Q2 25 | $1.5B | $45.2M | ||
| Q1 25 | $1.5B | $3.7M | ||
| Q4 24 | $1.3B | $96.2M | ||
| Q3 24 | $1.8B | $95.3M | ||
| Q2 24 | $1.7B | $37.9M |
总债务AADT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $7.4B | ||
| Q3 25 | $3.4B | $7.3B | ||
| Q2 25 | $3.3B | $6.8B | ||
| Q1 25 | $3.3B | $7.6B | ||
| Q4 24 | $3.3B | $7.5B | ||
| Q3 24 | $2.1B | $7.5B | ||
| Q2 24 | $2.1B | $7.5B |
股东权益AADT
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $3.8B | ||
| Q3 25 | $6.4B | $3.7B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $6.0B | $3.6B | ||
| Q4 24 | $5.9B | $3.8B | ||
| Q3 24 | $5.9B | $3.9B | ||
| Q2 24 | $6.2B | $3.8B |
总资产AADT
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $15.8B | ||
| Q3 25 | $12.2B | $16.0B | ||
| Q2 25 | $12.2B | $16.0B | ||
| Q1 25 | $11.9B | $15.8B | ||
| Q4 24 | $11.8B | $16.1B | ||
| Q3 24 | $11.0B | $16.1B | ||
| Q2 24 | $10.9B | $16.0B |
负债/权益比AADT
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | 1.95× | ||
| Q3 25 | 0.53× | 1.99× | ||
| Q2 25 | 0.55× | 1.84× | ||
| Q1 25 | 0.56× | 2.10× | ||
| Q4 24 | 0.57× | 1.98× | ||
| Q3 24 | 0.36× | 1.93× | ||
| Q2 24 | 0.34× | 1.98× |
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 | $268.0M | $373.6M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $323.5M |
| 自由现金流率自由现金流/营收 | 9.7% | 25.4% |
| 资本支出强度资本支出/营收 | 5.2% | 3.9% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.57× |
| 过去12个月自由现金流最近4个季度 | $993.0M | $1.7B |
8季度趋势，按日历期对齐
经营现金流AADT
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $373.6M | ||
| Q3 25 | $362.0M | $480.1M | ||
| Q2 25 | $221.0M | $563.9M | ||
| Q1 25 | $431.0M | $466.6M | ||
| Q4 24 | $481.0M | $459.7M | ||
| Q3 24 | $452.0M | $498.2M | ||
| Q2 24 | $333.0M | $563.2M |
自由现金流AADT
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $323.5M | ||
| Q3 25 | $259.0M | $437.4M | ||
| Q2 25 | $107.0M | $526.3M | ||
| Q1 25 | $334.0M | $421.2M | ||
| Q4 24 | $388.0M | $426.0M | ||
| Q3 24 | $360.0M | $455.5M | ||
| Q2 24 | $230.0M | $516.5M |
自由现金流率AADT
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 25.4% | ||
| Q3 25 | 14.9% | 33.7% | ||
| Q2 25 | 6.4% | 40.9% | ||
| Q1 25 | 19.9% | 33.2% | ||
| Q4 24 | 22.8% | 34.3% | ||
| Q3 24 | 22.8% | 36.6% | ||
| Q2 24 | 14.6% | 42.9% |
资本支出强度AADT
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 3.9% | ||
| Q3 25 | 5.9% | 3.3% | ||
| Q2 25 | 6.8% | 2.9% | ||
| Q1 25 | 5.8% | 3.6% | ||
| Q4 24 | 5.5% | 2.7% | ||
| Q3 24 | 5.8% | 3.4% | ||
| Q2 24 | 6.5% | 3.9% |
现金转化率AADT
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 2.57× | ||
| Q3 25 | 1.08× | 3.31× | ||
| Q2 25 | 1.03× | 3.41× | ||
| Q1 25 | 1.36× | 3.33× | ||
| Q4 24 | 1.37× | 2.42× | ||
| Q3 24 | 1.60× | 3.92× | ||
| Q2 24 | 1.08× | 6.10× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
