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亚德诺半导体（ADI）与American Electric Power（AEP）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是亚德诺半导体的1.6倍（$5.1B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 12.0%，领先14.3%），亚德诺半导体同比增速更快（30.4% vs 6.2%），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -0.3%）
亚德诺半导体（ADI）是总部位于美国马萨诸塞州威尔明顿的跨国半导体企业，专注于数据转换、信号处理与电源管理技术研发，相关产品广泛应用于通信、工业、汽车等多个领域，是全球模拟芯片领域的领先厂商。
AEP是美国知名电力公用事业控股企业，业务覆盖发电、输电、配电全链条，面向美国境内零售及批发客户销售电力。公司下设垂直整合公用事业、输配电、输电控股、发电与营销四大业务板块，采用煤炭、天然气、核电、水电、光伏、风电等多种能源发电。
ADI vs AEP — 直观对比
营收规模更大
AEP
是对方的1.6倍
$3.2B
营收增速更快
ADI
高出24.2%
6.2%
净利率更高
ADI
高出14.3%
12.0%
两年增速更快
ADI
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $5.1B |
| 净利润 | $830.8M | $605.2M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 22.1% |
| 净利率 | 26.3% | 12.0% |
| 营收同比 | 30.4% | 6.2% |
| 净利润同比 | 112.3% | -9.1% |
| 每股收益（稀释后） | $1.69 | $1.06 |
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ADIAEP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | $2.9B | $6.0B | ||
| Q2 25 | $2.6B | $5.1B | ||
| Q1 25 | $2.4B | $5.6B | ||
| Q4 24 | $2.4B | $4.8B | ||
| Q3 24 | $2.3B | $5.5B | ||
| Q2 24 | $2.2B | $4.7B |
净利润ADIAEP
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $605.2M | ||
| Q3 25 | $518.5M | $1.0B | ||
| Q2 25 | $569.8M | $1.3B | ||
| Q1 25 | $391.3M | $802.2M | ||
| Q4 24 | $478.1M | $665.9M | ||
| Q3 24 | $392.2M | $961.7M | ||
| Q2 24 | $302.2M | $342.5M |
毛利率ADIAEP
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | — |
营业利润率ADIAEP
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 22.1% | ||
| Q3 25 | 28.4% | 25.5% | ||
| Q2 25 | 25.7% | 27.7% | ||
| Q1 25 | 20.3% | 22.8% | ||
| Q4 24 | 23.3% | 23.0% | ||
| Q3 24 | 21.2% | 24.7% | ||
| Q2 24 | 17.9% | 14.7% |
净利率ADIAEP
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 12.0% | ||
| Q3 25 | 18.0% | 16.8% | ||
| Q2 25 | 21.6% | 25.5% | ||
| Q1 25 | 16.1% | 14.2% | ||
| Q4 24 | 19.6% | 14.0% | ||
| Q3 24 | 17.0% | 17.6% | ||
| Q2 24 | 14.0% | 7.4% |
每股收益（稀释后）ADIAEP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $1.06 | ||
| Q3 25 | $1.04 | $1.81 | ||
| Q2 25 | $1.14 | $2.29 | ||
| Q1 25 | $0.78 | $1.50 | ||
| Q4 24 | $0.95 | $1.24 | ||
| Q3 24 | $0.79 | $1.80 | ||
| Q2 24 | $0.61 | $0.64 |
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 | $2.9B | $417.0M |
| 总债务越低越好 | — | $47.3B |
| 股东权益账面价值 | $33.8B | $31.1B |
| 总资产 | $48.0B | $114.5B |
| 负债/权益比越低杠杆越低 | — | 1.52× |
8季度趋势，按日历期对齐
现金及短期投资ADIAEP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $417.0M | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.4B | $439.3M | ||
| Q1 25 | $2.3B | $463.6M | ||
| Q4 24 | $2.4B | $418.3M | ||
| Q3 24 | $2.1B | $474.4M | ||
| Q2 24 | $2.4B | $428.2M |
总债务ADIAEP
| Q1 26 | — | — | ||
| Q4 25 | — | $47.3B | ||
| Q3 25 | — | $46.1B | ||
| Q2 25 | — | $44.5B | ||
| Q1 25 | — | $43.0B | ||
| Q4 24 | — | $42.6B | ||
| Q3 24 | — | $42.0B | ||
| Q2 24 | — | $42.1B |
股东权益ADIAEP
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $31.1B | ||
| Q3 25 | $34.1B | $30.4B | ||
| Q2 25 | $35.0B | $29.9B | ||
| Q1 25 | $35.1B | $27.3B | ||
| Q4 24 | $35.2B | $26.9B | ||
| Q3 24 | $35.2B | $26.6B | ||
| Q2 24 | $35.2B | $26.1B |
总资产ADIAEP
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $114.5B | ||
| Q3 25 | $48.2B | $110.3B | ||
| Q2 25 | $47.3B | $107.8B | ||
| Q1 25 | $48.0B | $104.4B | ||
| Q4 24 | $48.2B | $103.1B | ||
| Q3 24 | $48.6B | $100.1B | ||
| Q2 24 | $48.9B | $99.6B |
负债/权益比ADIAEP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 1.61× |
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 | $1.4B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 39.8% | — |
| 资本支出强度资本支出/营收 | 3.5% | — |
| 现金转化率经营现金流/净利润 | 1.65× | 3.00× |
| 过去12个月自由现金流最近4个季度 | $4.6B | — |
8季度趋势，按日历期对齐
经营现金流ADIAEP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $819.5M | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $855.0M | $2.2B | ||
| Q2 24 | $807.9M | $1.5B |
自由现金流ADIAEP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $729.2M | — | ||
| Q1 25 | $977.8M | — | ||
| Q4 24 | $885.4M | — | ||
| Q3 24 | $701.1M | — | ||
| Q2 24 | $619.7M | — |
自由现金流率ADIAEP
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | — | ||
| Q3 25 | 37.7% | 36.3% | ||
| Q2 25 | 27.6% | — | ||
| Q1 25 | 40.4% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 28.7% | — |
资本支出强度ADIAEP
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 2.7% | 5.0% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 6.7% | 0.0% | ||
| Q2 24 | 8.7% | — |
现金转化率ADIAEP
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 3.00× | ||
| Q3 25 | 2.25× | 2.46× | ||
| Q2 25 | 1.44× | 0.95× | ||
| Q1 25 | 2.88× | 1.81× | ||
| Q4 24 | 2.20× | 2.59× | ||
| Q3 24 | 2.18× | 2.26× | ||
| Q2 24 | 2.67× | 4.27× |
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
ADI
| Sales Channel Directly To Consumer | $1.4B | 44% |
| Automotive | $794.4M | 25% |
| Communications | $476.8M | 15% |
| Consumer | $399.8M | 13% |
| Other | $71.3M | 2% |
| Sales Channel Other | $40.8M | 1% |
AEP
| Transmissionand Distribution Utilities Revenues | $1.5B | 29% |
| Electric Generation Transmission Distribution Revenues | $956.6M | 19% |
| Electricity Transmission And Distribution Revenues | $931.8M | 18% |
| Industrial | $685.8M | 14% |
| Marketing Competitive Retailand Renewable | $438.3M | 9% |
| Wholesale Generation | $231.1M | 5% |
| Wholesale Transmission | $113.6M | 2% |
| Other | $110.2M | 2% |
| Electric Transmission | $103.4M | 2% |
| Other Retail | $60.1M | 1% |
