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Adeia Inc.（ADEA）与康卡斯特（CMCSA）财务数据对比。点击上方公司名可切换其他公司
康卡斯特的季度营收约是Adeia Inc.的172.2倍（$31.5B vs $182.6M）。Adeia Inc.净利率更高（40.4% vs 6.9%，领先33.4%）。Adeia Inc.同比增速更快（53.3% vs 5.3%）。康卡斯特自由现金流更多（$3.9B vs $59.4M）。过去两年Adeia Inc.的营收复合增速更高（48.0% vs 2.9%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
康卡斯特是美国跨国大众传媒、电信及娱乐综合集团，总部位于费城康卡斯特中心，旗下NBC环球、纽约业务及其他核心资产总部设于纽约曼哈顿中城洛克菲勒广场30号，2023年位列福布斯全球企业2000强第51位，是全球传媒娱乐领域的头部企业。
ADEA vs CMCSA — 直观对比
营收规模更大
CMCSA
是对方的172.2倍
$182.6M
营收增速更快
ADEA
高出48.0%
5.3%
净利率更高
ADEA
高出33.4%
6.9%
自由现金流更多
CMCSA
多$3.8B
$59.4M
两年增速更快
ADEA
近两年复合增速
2.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $31.5B |
| 净利润 | $73.7M | $2.2B |
| 毛利率 | — | — |
| 营业利润率 | 59.5% | 13.1% |
| 净利率 | 40.4% | 6.9% |
| 营收同比 | 53.3% | 5.3% |
| 净利润同比 | 104.6% | -35.6% |
| 每股收益（稀释后） | $0.66 | $0.60 |
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ADEACMCSA
| Q1 26 | — | $31.5B | ||
| Q4 25 | $182.6M | $32.3B | ||
| Q3 25 | $87.3M | $31.2B | ||
| Q2 25 | $85.7M | $30.3B | ||
| Q1 25 | $87.7M | $29.9B | ||
| Q4 24 | $119.2M | $31.9B | ||
| Q3 24 | $86.1M | $32.1B | ||
| Q2 24 | $87.3M | $29.7B |
净利润ADEACMCSA
| Q1 26 | — | $2.2B | ||
| Q4 25 | $73.7M | $2.2B | ||
| Q3 25 | $8.8M | $3.3B | ||
| Q2 25 | $16.7M | $11.1B | ||
| Q1 25 | $11.8M | $3.4B | ||
| Q4 24 | $36.0M | $4.8B | ||
| Q3 24 | $19.3M | $3.6B | ||
| Q2 24 | $8.4M | $3.9B |
营业利润率ADEACMCSA
| Q1 26 | — | 13.1% | ||
| Q4 25 | 59.5% | 10.8% | ||
| Q3 25 | 30.9% | 17.7% | ||
| Q2 25 | 19.1% | 19.8% | ||
| Q1 25 | 26.0% | 18.9% | ||
| Q4 24 | 48.2% | 15.6% | ||
| Q3 24 | 32.7% | 18.3% | ||
| Q2 24 | 27.1% | 22.3% |
净利率ADEACMCSA
| Q1 26 | — | 6.9% | ||
| Q4 25 | 40.4% | 6.7% | ||
| Q3 25 | 10.1% | 10.7% | ||
| Q2 25 | 19.5% | 36.7% | ||
| Q1 25 | 13.5% | 11.3% | ||
| Q4 24 | 30.2% | 15.0% | ||
| Q3 24 | 22.4% | 11.3% | ||
| Q2 24 | 9.6% | 13.2% |
每股收益（稀释后）ADEACMCSA
| Q1 26 | — | $0.60 | ||
| Q4 25 | $0.66 | $0.62 | ||
| Q3 25 | $0.08 | $0.90 | ||
| Q2 25 | $0.15 | $2.98 | ||
| Q1 25 | $0.10 | $0.89 | ||
| Q4 24 | $0.32 | $1.23 | ||
| Q3 24 | $0.17 | $0.94 | ||
| Q2 24 | $0.07 | $1.00 |
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 | $136.7M | $9.5B |
| 总债务越低越好 | $418.5M | $5.4B |
| 股东权益账面价值 | $480.5M | $88.3B |
| 总资产 | $1.0B | $260.0B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资ADEACMCSA
| Q1 26 | — | $9.5B | ||
| Q4 25 | $136.7M | $9.5B | ||
| Q3 25 | $115.1M | $9.3B | ||
| Q2 25 | $116.5M | $9.7B | ||
| Q1 25 | $116.5M | $8.6B | ||
| Q4 24 | $110.4M | $7.3B | ||
| Q3 24 | $89.2M | $8.9B | ||
| Q2 24 | $94.5M | $6.2B |
总债务ADEACMCSA
| Q1 26 | — | $5.4B | ||
| Q4 25 | $418.5M | $93.0B | ||
| Q3 25 | $438.7M | $93.2B | ||
| Q2 25 | $448.9M | $95.8B | ||
| Q1 25 | $459.2M | $92.3B | ||
| Q4 24 | $475.5M | $94.2B | ||
| Q3 24 | $524.4M | $98.8B | ||
| Q2 24 | $535.6M | $97.1B |
股东权益ADEACMCSA
| Q1 26 | — | $88.3B | ||
| Q4 25 | $480.5M | $96.9B | ||
| Q3 25 | $413.7M | $97.1B | ||
| Q2 25 | $402.9M | $96.9B | ||
| Q1 25 | $389.5M | $86.6B | ||
| Q4 24 | $396.6M | $85.6B | ||
| Q3 24 | $378.2M | $85.8B | ||
| Q2 24 | $359.1M | $83.2B |
总资产ADEACMCSA
| Q1 26 | — | $260.0B | ||
| Q4 25 | $1.0B | $272.6B | ||
| Q3 25 | $1.1B | $273.0B | ||
| Q2 25 | $1.1B | $273.9B | ||
| Q1 25 | $1.1B | $267.8B | ||
| Q4 24 | $1.1B | $266.2B | ||
| Q3 24 | $1.1B | $269.9B | ||
| Q2 24 | $1.1B | $262.6B |
负债/权益比ADEACMCSA
| Q1 26 | — | 0.06× | ||
| Q4 25 | 0.87× | 0.96× | ||
| Q3 25 | 1.06× | 0.96× | ||
| Q2 25 | 1.11× | 0.99× | ||
| Q1 25 | 1.18× | 1.07× | ||
| Q4 24 | 1.20× | 1.10× | ||
| Q3 24 | 1.39× | 1.15× | ||
| Q2 24 | 1.49× | 1.17× |
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 | $60.0M | $6.9B |
| 自由现金流经营现金流 - 资本支出 | $59.4M | $3.9B |
| 自由现金流率自由现金流/营收 | 32.5% | 12.4% |
| 资本支出强度资本支出/营收 | 0.3% | 7.5% |
| 现金转化率经营现金流/净利润 | 0.81× | 3.17× |
| 过去12个月自由现金流最近4个季度 | $156.3M | $19.8B |
8季度趋势，按日历期对齐
经营现金流ADEACMCSA
| Q1 26 | — | $6.9B | ||
| Q4 25 | $60.0M | $8.8B | ||
| Q3 25 | $17.8M | $8.7B | ||
| Q2 25 | $23.1M | $7.8B | ||
| Q1 25 | $57.1M | $8.3B | ||
| Q4 24 | $107.5M | $8.1B | ||
| Q3 24 | $14.3M | $7.0B | ||
| Q2 24 | $23.5M | $4.7B |
自由现金流ADEACMCSA
| Q1 26 | — | $3.9B | ||
| Q4 25 | $59.4M | $5.1B | ||
| Q3 25 | $17.0M | $5.6B | ||
| Q2 25 | $22.9M | $5.1B | ||
| Q1 25 | $56.9M | $6.0B | ||
| Q4 24 | $106.9M | $4.2B | ||
| Q3 24 | $14.3M | $4.1B | ||
| Q2 24 | $23.0M | $2.0B |
自由现金流率ADEACMCSA
| Q1 26 | — | 12.4% | ||
| Q4 25 | 32.5% | 15.8% | ||
| Q3 25 | 19.5% | 18.0% | ||
| Q2 25 | 26.7% | 16.9% | ||
| Q1 25 | 64.9% | 20.2% | ||
| Q4 24 | 89.7% | 13.1% | ||
| Q3 24 | 16.6% | 12.8% | ||
| Q2 24 | 26.4% | 6.7% |
资本支出强度ADEACMCSA
| Q1 26 | — | 7.5% | ||
| Q4 25 | 0.3% | 11.6% | ||
| Q3 25 | 0.9% | 9.8% | ||
| Q2 25 | 0.2% | 8.8% | ||
| Q1 25 | 0.3% | 7.5% | ||
| Q4 24 | 0.5% | 12.3% | ||
| Q3 24 | 0.1% | 9.1% | ||
| Q2 24 | 0.5% | 9.2% |
现金转化率ADEACMCSA
| Q1 26 | — | 3.17× | ||
| Q4 25 | 0.81× | 4.08× | ||
| Q3 25 | 2.02× | 2.61× | ||
| Q2 25 | 1.38× | 0.70× | ||
| Q1 25 | 4.84× | 2.46× | ||
| Q4 24 | 2.98× | 1.69× | ||
| Q3 24 | 0.74× | 1.93× | ||
| Q2 24 | 2.80× | 1.20× |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
CMCSA
| Connectivity & Platforms | $20.0B | 63% |
| Content & Experiences | $11.9B | 38% |
