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苹果（AAPL）与应用材料（AMAT）财务数据对比。点击上方公司名可切换其他公司
苹果的季度营收约是应用材料的21.1倍（$143.8B vs $6.8B）。苹果净利率更高（29.3% vs 27.9%，领先1.4%）。苹果同比增速更快（15.7% vs -3.5%）。苹果自由现金流更多（$51.6B vs $2.0B）。过去两年苹果的营收复合增速更高（25.9% vs 0.7%）
苹果公司是总部位于美国加利福尼亚州硅谷库比蒂诺的跨国科技企业，核心业务覆盖消费电子、软件研发及在线服务。公司1976年由史蒂夫·乔布斯等人创立，最初以电脑产品为主营方向，2007年更名后逐步将业务拓展至更多消费电子赛道。
应用材料是总部位于美国加利福尼亚州圣克拉拉的企业，为全球第二大半导体设备供应商，主营半导体芯片、消费电子平板显示、太阳能产品制造所需的设备、服务及软件，同时供应柔性电子、封装等领域的涂层生产设备。
AAPL vs AMAT — 直观对比
营收规模更大
AAPL
是对方的21.1倍
$6.8B
营收增速更快
AAPL
高出19.1%
-3.5%
净利率更高
AAPL
高出1.4%
27.9%
自由现金流更多
AAPL
多$49.5B
$2.0B
两年增速更快
AAPL
近两年复合增速
0.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $143.8B | $6.8B |
| 净利润 | $42.1B | $1.9B |
| 毛利率 | 48.2% | 48.0% |
| 营业利润率 | 35.4% | 25.2% |
| 净利率 | 29.3% | 27.9% |
| 营收同比 | 15.7% | -3.5% |
| 净利润同比 | 15.9% | 9.6% |
| 每股收益（稀释后） | $2.84 | $2.36 |
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AAPLAMAT
| Q4 25 | $143.8B | $6.8B | ||
| Q3 25 | $102.5B | $7.3B | ||
| Q2 25 | $94.0B | $7.1B | ||
| Q1 25 | $95.4B | $7.2B | ||
| Q4 24 | $124.3B | $7.0B | ||
| Q3 24 | $94.9B | $6.8B | ||
| Q2 24 | $85.8B | $6.6B | ||
| Q1 24 | $90.8B | $6.7B |
净利润AAPLAMAT
| Q4 25 | $42.1B | $1.9B | ||
| Q3 25 | $27.5B | $1.8B | ||
| Q2 25 | $23.4B | $2.1B | ||
| Q1 25 | $24.8B | $1.2B | ||
| Q4 24 | $36.3B | $1.7B | ||
| Q3 24 | $14.7B | $1.7B | ||
| Q2 24 | $21.4B | $1.7B | ||
| Q1 24 | $23.6B | $2.0B |
毛利率AAPLAMAT
| Q4 25 | 48.2% | 48.0% | ||
| Q3 25 | 47.2% | 48.8% | ||
| Q2 25 | 46.5% | 49.1% | ||
| Q1 25 | 47.1% | 48.8% | ||
| Q4 24 | 46.9% | 47.3% | ||
| Q3 24 | 46.2% | 47.3% | ||
| Q2 24 | 46.3% | 47.4% | ||
| Q1 24 | 46.6% | 47.8% |
营业利润率AAPLAMAT
| Q4 25 | 35.4% | 25.2% | ||
| Q3 25 | 31.6% | 30.6% | ||
| Q2 25 | 30.0% | 30.5% | ||
| Q1 25 | 31.0% | 30.4% | ||
| Q4 24 | 34.5% | 29.0% | ||
| Q3 24 | 31.2% | 28.7% | ||
| Q2 24 | 29.6% | 28.8% | ||
| Q1 24 | 30.7% | 29.3% |
净利率AAPLAMAT
| Q4 25 | 29.3% | 27.9% | ||
| Q3 25 | 26.8% | 24.4% | ||
| Q2 25 | 24.9% | 30.1% | ||
| Q1 25 | 26.0% | 16.5% | ||
| Q4 24 | 29.2% | 24.6% | ||
| Q3 24 | 15.5% | 25.2% | ||
| Q2 24 | 25.0% | 25.9% | ||
| Q1 24 | 26.0% | 30.1% |
每股收益（稀释后）AAPLAMAT
| Q4 25 | $2.84 | $2.36 | ||
| Q3 25 | $1.84 | $2.22 | ||
| Q2 25 | $1.57 | $2.63 | ||
| Q1 25 | $1.65 | $1.45 | ||
| Q4 24 | $2.40 | $2.09 | ||
| Q3 24 | $0.97 | $2.05 | ||
| Q2 24 | $1.40 | $2.06 | ||
| Q1 24 | $1.53 | $2.41 |
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 | $66.9B | $8.6B |
| 总债务越低越好 | $88.5B | — |
| 股东权益账面价值 | $88.2B | $20.4B |
| 总资产 | $379.3B | $36.3B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资AAPLAMAT
| Q4 25 | $66.9B | $8.6B | ||
| Q3 25 | $54.7B | $7.0B | ||
| Q2 25 | $55.4B | $6.7B | ||
| Q1 25 | $48.5B | $8.2B | ||
| Q4 24 | $53.8B | $9.5B | ||
| Q3 24 | $65.2B | $9.1B | ||
| Q2 24 | $61.8B | $7.6B | ||
| Q1 24 | $67.2B | $7.5B |
总债务AAPLAMAT
| Q4 25 | $88.5B | — | ||
| Q3 25 | $90.7B | — | ||
| Q2 25 | $91.8B | — | ||
| Q1 25 | $92.2B | — | ||
| Q4 24 | $94.8B | — | ||
| Q3 24 | $96.7B | — | ||
| Q2 24 | $98.3B | — | ||
| Q1 24 | $102.6B | — |
股东权益AAPLAMAT
| Q4 25 | $88.2B | $20.4B | ||
| Q3 25 | $73.7B | $19.5B | ||
| Q2 25 | $65.8B | $19.0B | ||
| Q1 25 | $66.8B | $18.6B | ||
| Q4 24 | $66.8B | $19.0B | ||
| Q3 24 | $57.0B | $18.8B | ||
| Q2 24 | $66.7B | $18.2B | ||
| Q1 24 | $74.2B | $17.4B |
总资产AAPLAMAT
| Q4 25 | $379.3B | $36.3B | ||
| Q3 25 | $359.2B | $34.2B | ||
| Q2 25 | $331.5B | $33.6B | ||
| Q1 25 | $331.2B | $33.3B | ||
| Q4 24 | $344.1B | $34.4B | ||
| Q3 24 | $365.0B | $33.6B | ||
| Q2 24 | $331.6B | $31.9B | ||
| Q1 24 | $337.4B | $31.5B |
负债/权益比AAPLAMAT
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.70× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.38× | — |
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 | $53.9B | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $51.6B | $2.0B |
| 自由现金流率自由现金流/营收 | 35.9% | 30.0% |
| 资本支出强度资本支出/营收 | 1.7% | 11.5% |
| 现金转化率经营现金流/净利润 | 1.28× | 1.49× |
| 过去12个月自由现金流最近4个季度 | $123.3B | $5.7B |
8季度趋势，按日历期对齐
经营现金流AAPLAMAT
| Q4 25 | $53.9B | $2.8B | ||
| Q3 25 | $29.7B | $2.6B | ||
| Q2 25 | $27.9B | $1.6B | ||
| Q1 25 | $24.0B | $925.0M | ||
| Q4 24 | $29.9B | $2.6B | ||
| Q3 24 | $26.8B | $2.4B | ||
| Q2 24 | $28.9B | $1.4B | ||
| Q1 24 | $22.7B | $2.3B |
自由现金流AAPLAMAT
| Q4 25 | $51.6B | $2.0B | ||
| Q3 25 | $26.5B | $2.0B | ||
| Q2 25 | $24.4B | $1.1B | ||
| Q1 25 | $20.9B | $544.0M | ||
| Q4 24 | $27.0B | $2.2B | ||
| Q3 24 | $23.9B | $2.1B | ||
| Q2 24 | $26.7B | $1.1B | ||
| Q1 24 | $20.7B | $2.1B |
自由现金流率AAPLAMAT
| Q4 25 | 35.9% | 30.0% | ||
| Q3 25 | 25.8% | 28.1% | ||
| Q2 25 | 26.0% | 14.9% | ||
| Q1 25 | 21.9% | 7.6% | ||
| Q4 24 | 21.7% | 30.8% | ||
| Q3 24 | 25.2% | 30.8% | ||
| Q2 24 | 31.1% | 17.1% | ||
| Q1 24 | 22.8% | 31.3% |
资本支出强度AAPLAMAT
| Q4 25 | 1.7% | 11.5% | ||
| Q3 25 | 3.2% | 8.0% | ||
| Q2 25 | 3.7% | 7.2% | ||
| Q1 25 | 3.2% | 5.3% | ||
| Q4 24 | 2.4% | 5.8% | ||
| Q3 24 | 3.1% | 4.4% | ||
| Q2 24 | 2.5% | 3.9% | ||
| Q1 24 | 2.2% | 3.4% |
现金转化率AAPLAMAT
| Q4 25 | 1.28× | 1.49× | ||
| Q3 25 | 1.08× | 1.48× | ||
| Q2 25 | 1.19× | 0.74× | ||
| Q1 25 | 0.97× | 0.78× | ||
| Q4 24 | 0.82× | 1.49× | ||
| Q3 24 | 1.82× | 1.40× | ||
| Q2 24 | 1.35× | 0.81× | ||
| Q1 24 | 0.96× | 1.15× |
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
AAPL
| iPhone | $85.3B | 59% |
| Services | $30.0B | 21% |
| Wearables | $11.5B | 8% |
| iPad | $8.6B | 6% |
| Mac | $8.4B | 6% |
AMAT
| Semiconductor Systems Segment | $4.8B | 70% |
| Applied Global Services Segment | $1.6B | 24% |
| Other | $415.0M | 6% |
