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雅培（ABT）与博通（AVGO）财务数据对比。点击上方公司名可切换其他公司
博通的季度营收约是雅培的1.6倍（$18.0B vs $11.5B），博通净利率更高（47.3% vs 15.5%，领先31.8%），博通同比增速更快（28.2% vs 4.4%），博通自由现金流更多（$7.5B vs $2.6B），过去两年博通的营收复合增速更高（22.7% vs 7.2%）
雅培是总部位于美国伊利诺伊州雅培园的跨国医疗健康企业，业务覆盖美国境外市场药品销售、诊断产品、营养产品及医疗器械等板块，在全球医疗健康领域拥有较高的行业知名度与广泛的市场覆盖。
博通公司是美国跨国企业，主营各类半导体与基础设施软件产品的设计、研发、生产及全球供应，产品广泛服务于数据中心、网络、软件、宽带、无线、存储及工业领域。借AI发展热潮，2025年博通已跻身全球顶级企业行列，为“七巨头”科技阵营成员。
ABT vs AVGO — 直观对比
营收规模更大
AVGO
是对方的1.6倍
$11.5B
营收增速更快
AVGO
高出23.8%
4.4%
净利率更高
AVGO
高出31.8%
15.5%
自由现金流更多
AVGO
多$4.8B
$2.6B
两年增速更快
AVGO
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.5B | $18.0B |
| 净利润 | $1.8B | $8.5B |
| 毛利率 | 57.0% | 68.0% |
| 营业利润率 | 19.6% | 41.7% |
| 净利率 | 15.5% | 47.3% |
| 营收同比 | 4.4% | 28.2% |
| 净利润同比 | -80.8% | 97.0% |
| 每股收益（稀释后） | $1.01 | $1.75 |
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ABTAVGO
| Q4 25 | $11.5B | $18.0B | ||
| Q3 25 | $11.4B | $16.0B | ||
| Q2 25 | $11.1B | $15.0B | ||
| Q1 25 | $10.4B | $14.9B | ||
| Q4 24 | $11.0B | $14.1B | ||
| Q3 24 | $10.6B | $13.1B | ||
| Q2 24 | $10.4B | $12.5B | ||
| Q1 24 | $10.0B | $12.0B |
净利润ABTAVGO
| Q4 25 | $1.8B | $8.5B | ||
| Q3 25 | $1.6B | $4.1B | ||
| Q2 25 | $1.8B | $5.0B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $9.2B | $4.3B | ||
| Q3 24 | $1.6B | $-1.9B | ||
| Q2 24 | $1.3B | $2.1B | ||
| Q1 24 | $1.2B | $1.3B |
毛利率ABTAVGO
| Q4 25 | 57.0% | 68.0% | ||
| Q3 25 | 55.4% | 67.1% | ||
| Q2 25 | 56.4% | 68.0% | ||
| Q1 25 | 56.9% | 68.0% | ||
| Q4 24 | 55.0% | 64.1% | ||
| Q3 24 | 55.8% | 63.9% | ||
| Q2 24 | 55.6% | 62.3% | ||
| Q1 24 | 55.2% | 61.7% |
营业利润率ABTAVGO
| Q4 25 | 19.6% | 41.7% | ||
| Q3 25 | 18.1% | 36.9% | ||
| Q2 25 | 18.4% | 38.8% | ||
| Q1 25 | 16.3% | 42.0% | ||
| Q4 24 | 17.4% | 32.9% | ||
| Q3 24 | 17.5% | 29.0% | ||
| Q2 24 | 16.1% | 23.7% | ||
| Q1 24 | 13.9% | 17.4% |
净利率ABTAVGO
| Q4 25 | 15.5% | 47.3% | ||
| Q3 25 | 14.5% | 26.0% | ||
| Q2 25 | 16.0% | 33.1% | ||
| Q1 25 | 12.8% | 36.9% | ||
| Q4 24 | 84.1% | 30.8% | ||
| Q3 24 | 15.5% | -14.3% | ||
| Q2 24 | 12.5% | 17.0% | ||
| Q1 24 | 12.3% | 11.1% |
每股收益（稀释后）ABTAVGO
| Q4 25 | $1.01 | $1.75 | ||
| Q3 25 | $0.94 | $0.85 | ||
| Q2 25 | $1.01 | $1.03 | ||
| Q1 25 | $0.76 | $1.14 | ||
| Q4 24 | $5.26 | $-5.63 | ||
| Q3 24 | $0.94 | $-0.40 | ||
| Q2 24 | $0.74 | $4.42 | ||
| Q1 24 | $0.70 | $2.84 |
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 | $8.9B | $16.2B |
| 总债务越低越好 | $12.9B | $62.0B |
| 股东权益账面价值 | $52.1B | $81.3B |
| 总资产 | $86.7B | $171.1B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资ABTAVGO
| Q4 25 | $8.9B | $16.2B | ||
| Q3 25 | $7.7B | $10.7B | ||
| Q2 25 | $7.3B | $9.5B | ||
| Q1 25 | $6.8B | $9.3B | ||
| Q4 24 | $8.0B | $9.3B | ||
| Q3 24 | $7.8B | $10.0B | ||
| Q2 24 | $7.2B | $9.8B | ||
| Q1 24 | $6.7B | $11.9B |
总债务ABTAVGO
| Q4 25 | $12.9B | $62.0B | ||
| Q3 25 | — | $62.8B | ||
| Q2 25 | — | $61.8B | ||
| Q1 25 | — | $60.9B | ||
| Q4 24 | $14.1B | $66.3B | ||
| Q3 24 | — | $66.8B | ||
| Q2 24 | — | $71.6B | ||
| Q1 24 | — | $73.5B |
股东权益ABTAVGO
| Q4 25 | $52.1B | $81.3B | ||
| Q3 25 | $51.0B | $73.3B | ||
| Q2 25 | $50.6B | $69.6B | ||
| Q1 25 | $48.8B | $69.8B | ||
| Q4 24 | $47.7B | $67.7B | ||
| Q3 24 | $39.8B | $65.7B | ||
| Q2 24 | $39.3B | $70.0B | ||
| Q1 24 | $38.8B | $70.3B |
总资产ABTAVGO
| Q4 25 | $86.7B | $171.1B | ||
| Q3 25 | $84.2B | $165.6B | ||
| Q2 25 | $84.0B | $164.6B | ||
| Q1 25 | $81.4B | $165.4B | ||
| Q4 24 | $81.4B | $165.6B | ||
| Q3 24 | $74.4B | $168.0B | ||
| Q2 24 | $73.0B | $175.2B | ||
| Q1 24 | $72.5B | $177.9B |
负债/权益比ABTAVGO
| Q4 25 | 0.25× | 0.76× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 0.30× | 0.98× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 1.05× |
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 | $3.3B | $7.7B |
| 自由现金流经营现金流 - 资本支出 | $2.6B | $7.5B |
| 自由现金流率自由现金流/营收 | 22.9% | 41.4% |
| 资本支出强度资本支出/营收 | 6.0% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.87× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $7.4B | $26.9B |
8季度趋势，按日历期对齐
经营现金流ABTAVGO
| Q4 25 | $3.3B | $7.7B | ||
| Q3 25 | $2.8B | $7.2B | ||
| Q2 25 | $2.0B | $6.6B | ||
| Q1 25 | $1.4B | $6.1B | ||
| Q4 24 | $2.9B | $5.6B | ||
| Q3 24 | $2.7B | $5.0B | ||
| Q2 24 | $2.0B | $4.6B | ||
| Q1 24 | $1.0B | $4.8B |
自由现金流ABTAVGO
| Q4 25 | $2.6B | $7.5B | ||
| Q3 25 | $2.3B | $7.0B | ||
| Q2 25 | $1.5B | $6.4B | ||
| Q1 25 | $933.0M | $6.0B | ||
| Q4 24 | $2.1B | $5.5B | ||
| Q3 24 | $2.1B | $4.8B | ||
| Q2 24 | $1.4B | $4.4B | ||
| Q1 24 | $627.0M | $4.7B |
自由现金流率ABTAVGO
| Q4 25 | 22.9% | 41.4% | ||
| Q3 25 | 20.2% | 44.0% | ||
| Q2 25 | 13.9% | 42.7% | ||
| Q1 25 | 9.0% | 40.3% | ||
| Q4 24 | 19.6% | 39.0% | ||
| Q3 24 | 20.2% | 36.7% | ||
| Q2 24 | 13.8% | 35.6% | ||
| Q1 24 | 6.3% | 39.2% |
资本支出强度ABTAVGO
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 4.4% | 0.9% | ||
| Q2 25 | 4.5% | 1.0% | ||
| Q1 25 | 4.7% | 0.7% | ||
| Q4 24 | 6.6% | 0.9% | ||
| Q3 24 | 5.2% | 1.3% | ||
| Q2 24 | 5.1% | 1.1% | ||
| Q1 24 | 4.0% | 1.0% |
现金转化率ABTAVGO
| Q4 25 | 1.87× | 0.90× | ||
| Q3 25 | 1.70× | 1.73× | ||
| Q2 25 | 1.15× | 1.32× | ||
| Q1 25 | 1.07× | 1.11× | ||
| Q4 24 | 0.31× | 1.30× | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.51× | 2.16× | ||
| Q1 24 | 0.84× | 3.63× |
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
ABT
暂无分部数据
AVGO
| Semiconductor Solutions | $11.1B | 61% |
| Infrastructure Software | $6.9B | 39% |
