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埃森哲（ACN）与博通（AVGO）财务数据对比。点击上方公司名可切换其他公司
埃森哲的季度营收约是博通的1.0倍（$18.0B vs $18.0B），博通净利率更高（47.3% vs 10.1%，领先37.2%），博通同比增速更快（28.2% vs 8.3%），博通自由现金流更多（$7.5B vs $3.7B），过去两年博通的营收复合增速更高（22.7% vs 4.7%）
埃森哲是总部位于爱尔兰都柏林的科技咨询企业，成立于1989年，业务覆盖全球120个国家和地区，面向各行业客户提供信息技术、管理咨询等专业服务，助力企业优化运营效率、实现数字化升级。
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。
ACN vs AVGO — 直观对比
营收规模更大
ACN
是对方的1.0倍
$18.0B
营收增速更快
AVGO
高出19.9%
8.3%
净利率更高
AVGO
高出37.2%
10.1%
自由现金流更多
AVGO
多$3.8B
$3.7B
两年增速更快
AVGO
近两年复合增速
4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $18.0B | $18.0B |
| 净利润 | $1.8B | $8.5B |
| 毛利率 | 30.3% | 68.0% |
| 营业利润率 | 13.8% | 41.7% |
| 净利率 | 10.1% | 47.3% |
| 营收同比 | 8.3% | 28.2% |
| 净利润同比 | 2.1% | 97.0% |
| 每股收益（稀释后） | $2.93 | $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ACNAVGO
| Q1 26 | $18.0B | — | ||
| Q4 25 | $18.7B | $18.0B | ||
| Q3 25 | $17.6B | $16.0B | ||
| Q2 25 | $17.7B | $15.0B | ||
| Q1 25 | $16.7B | $14.9B | ||
| Q4 24 | $17.7B | $14.1B | ||
| Q3 24 | $16.4B | $13.1B | ||
| Q2 24 | $16.5B | $12.5B |
净利润ACNAVGO
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.2B | $8.5B | ||
| Q3 25 | $1.4B | $4.1B | ||
| Q2 25 | $2.2B | $5.0B | ||
| Q1 25 | $1.8B | $5.5B | ||
| Q4 24 | $2.3B | $4.3B | ||
| Q3 24 | $1.7B | $-1.9B | ||
| Q2 24 | $1.9B | $2.1B |
毛利率ACNAVGO
| Q1 26 | 30.3% | — | ||
| Q4 25 | 33.1% | 68.0% | ||
| Q3 25 | 31.9% | 67.1% | ||
| Q2 25 | 32.9% | 68.0% | ||
| Q1 25 | 29.9% | 68.0% | ||
| Q4 24 | 32.9% | 64.1% | ||
| Q3 24 | 32.5% | 63.9% | ||
| Q2 24 | 33.4% | 62.3% |
营业利润率ACNAVGO
| Q1 26 | 13.8% | — | ||
| Q4 25 | 15.3% | 41.7% | ||
| Q3 25 | 11.6% | 36.9% | ||
| Q2 25 | 16.8% | 38.8% | ||
| Q1 25 | 13.5% | 42.0% | ||
| Q4 24 | 16.7% | 32.9% | ||
| Q3 24 | 14.3% | 29.0% | ||
| Q2 24 | 16.0% | 23.7% |
净利率ACNAVGO
| Q1 26 | 10.1% | — | ||
| Q4 25 | 11.8% | 47.3% | ||
| Q3 25 | 8.0% | 26.0% | ||
| Q2 25 | 12.4% | 33.1% | ||
| Q1 25 | 10.7% | 36.9% | ||
| Q4 24 | 12.9% | 30.8% | ||
| Q3 24 | 10.3% | -14.3% | ||
| Q2 24 | 11.7% | 17.0% |
每股收益（稀释后）ACNAVGO
| Q1 26 | $2.93 | — | ||
| Q4 25 | $3.54 | $1.75 | ||
| Q3 25 | $2.25 | $0.85 | ||
| Q2 25 | $3.49 | $1.03 | ||
| Q1 25 | $2.82 | $1.14 | ||
| Q4 24 | $3.59 | $-5.63 | ||
| Q3 24 | $2.67 | $-0.40 | ||
| Q2 24 | $3.04 | $4.42 |
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 | $9.4B | $16.2B |
| 总债务越低越好 | $5.0B | $62.0B |
| 股东权益账面价值 | $31.2B | $81.3B |
| 总资产 | $67.1B | $171.1B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资ACNAVGO
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $16.2B | ||
| Q3 25 | $11.5B | $10.7B | ||
| Q2 25 | $9.6B | $9.5B | ||
| Q1 25 | $8.5B | $9.3B | ||
| Q4 24 | $8.3B | $9.3B | ||
| Q3 24 | $5.0B | $10.0B | ||
| Q2 24 | $5.5B | $9.8B |
总债务ACNAVGO
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $62.0B | ||
| Q3 25 | $5.0B | $62.8B | ||
| Q2 25 | $5.0B | $61.8B | ||
| Q1 25 | $5.0B | $60.9B | ||
| Q4 24 | $5.0B | $66.3B | ||
| Q3 24 | $78.6M | $66.8B | ||
| Q2 24 | $68.9M | $71.6B |
股东权益ACNAVGO
| Q1 26 | $31.2B | — | ||
| Q4 25 | $30.9B | $81.3B | ||
| Q3 25 | $31.2B | $73.3B | ||
| Q2 25 | $30.6B | $69.6B | ||
| Q1 25 | $29.2B | $69.8B | ||
| Q4 24 | $29.2B | $67.7B | ||
| Q3 24 | $28.3B | $65.7B | ||
| Q2 24 | $27.7B | $70.0B |
总资产ACNAVGO
| Q1 26 | $67.1B | — | ||
| Q4 25 | $64.7B | $171.1B | ||
| Q3 25 | $65.4B | $165.6B | ||
| Q2 25 | $63.4B | $164.6B | ||
| Q1 25 | $59.9B | $165.4B | ||
| Q4 24 | $59.9B | $165.6B | ||
| Q3 24 | $55.9B | $168.0B | ||
| Q2 24 | $54.1B | $175.2B |
负债/权益比ACNAVGO
| Q1 26 | 0.16× | — | ||
| Q4 25 | 0.16× | 0.76× | ||
| Q3 25 | 0.16× | 0.86× | ||
| Q2 25 | 0.16× | 0.89× | ||
| Q1 25 | 0.17× | 0.87× | ||
| Q4 24 | 0.17× | 0.98× | ||
| Q3 24 | 0.00× | 1.02× | ||
| Q2 24 | 0.00× | 1.02× |
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 | $3.8B | $7.7B |
| 自由现金流经营现金流 - 资本支出 | $3.7B | $7.5B |
| 自由现金流率自由现金流/营收 | 20.3% | 41.4% |
| 资本支出强度资本支出/营收 | 0.8% | 1.3% |
| 现金转化率经营现金流/净利润 | 2.09× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $12.5B | $26.9B |
8季度趋势，按日历期对齐
经营现金流ACNAVGO
| Q1 26 | $3.8B | — | ||
| Q4 25 | $1.7B | $7.7B | ||
| Q3 25 | $3.9B | $7.2B | ||
| Q2 25 | $3.7B | $6.6B | ||
| Q1 25 | $2.9B | $6.1B | ||
| Q4 24 | $1.0B | $5.6B | ||
| Q3 24 | $3.4B | $5.0B | ||
| Q2 24 | $3.1B | $4.6B |
自由现金流ACNAVGO
| Q1 26 | $3.7B | — | ||
| Q4 25 | $1.5B | $7.5B | ||
| Q3 25 | $3.8B | $7.0B | ||
| Q2 25 | $3.5B | $6.4B | ||
| Q1 25 | $2.7B | $6.0B | ||
| Q4 24 | $870.3M | $5.5B | ||
| Q3 24 | $3.2B | $4.8B | ||
| Q2 24 | $3.0B | $4.4B |
自由现金流率ACNAVGO
| Q1 26 | 20.3% | — | ||
| Q4 25 | 8.0% | 41.4% | ||
| Q3 25 | 21.6% | 44.0% | ||
| Q2 25 | 19.8% | 42.7% | ||
| Q1 25 | 16.1% | 40.3% | ||
| Q4 24 | 4.9% | 39.0% | ||
| Q3 24 | 19.4% | 36.7% | ||
| Q2 24 | 18.3% | 35.6% |
资本支出强度ACNAVGO
| Q1 26 | 0.8% | — | ||
| Q4 25 | 0.8% | 1.3% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.0% | 0.7% | ||
| Q4 24 | 0.9% | 0.9% | ||
| Q3 24 | 1.3% | 1.3% | ||
| Q2 24 | 0.8% | 1.1% |
现金转化率ACNAVGO
| Q1 26 | 2.09× | — | ||
| Q4 25 | 0.75× | 0.90× | ||
| Q3 25 | 2.77× | 1.73× | ||
| Q2 25 | 1.68× | 1.32× | ||
| Q1 25 | 1.60× | 1.11× | ||
| Q4 24 | 0.45× | 1.30× | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 1.63× | 2.16× |
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
ACN
| Products | $5.5B | 30% |
| Health And Public Service | $3.7B | 20% |
| Financial Services Sector | $3.4B | 19% |
| Communications Media And Technology | $3.1B | 17% |
| Resources | $2.4B | 13% |
AVGO
| Semiconductor Solutions | $11.1B | 61% |
| Infrastructure Software | $6.9B | 39% |
