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亚德诺半导体（ADI）与Amentum Holdings, Inc.（AMTM）财务数据对比。点击上方公司名可切换其他公司
Amentum Holdings, Inc.的季度营收约是亚德诺半导体的1.0倍（$3.2B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 1.4%，领先24.9%），亚德诺半导体同比增速更快（30.4% vs -5.2%），亚德诺半导体自由现金流更多（$1.3B vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 21.0%）
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。
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
ADI vs AMTM — 直观对比
营收规模更大
AMTM
是对方的1.0倍
$3.2B
营收增速更快
ADI
高出35.7%
-5.2%
净利率更高
ADI
高出24.9%
1.4%
自由现金流更多
ADI
多$1.4B
$-142.0M
两年增速更快
AMTM
近两年复合增速
21.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.2B |
| 净利润 | $830.8M | $44.0M |
| 毛利率 | 64.7% | 10.1% |
| 营业利润率 | 31.5% | 4.3% |
| 净利率 | 26.3% | 1.4% |
| 营收同比 | 30.4% | -5.2% |
| 净利润同比 | 112.3% | 266.7% |
| 每股收益（稀释后） | $1.69 | $0.18 |
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ADIAMTM
| Q1 26 | $3.2B | $3.2B | ||
| Q4 25 | $3.1B | $3.9B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.6B | $3.6B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.2B | $2.1B |
净利润ADIAMTM
| Q1 26 | $830.8M | $44.0M | ||
| Q4 25 | $787.7M | $40.0M | ||
| Q3 25 | $518.5M | — | ||
| Q2 25 | $569.8M | $10.0M | ||
| Q1 25 | $391.3M | $4.0M | ||
| Q4 24 | $478.1M | $12.0M | ||
| Q3 24 | $392.2M | $26.0M | ||
| Q2 24 | $302.2M | $-26.0M |
毛利率ADIAMTM
| Q1 26 | 64.7% | 10.1% | ||
| Q4 25 | 63.1% | 10.6% | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | 10.3% | ||
| Q1 25 | 59.0% | 10.5% | ||
| Q4 24 | 58.0% | 10.6% | ||
| Q3 24 | 56.7% | 9.0% | ||
| Q2 24 | 54.7% | 9.6% |
营业利润率ADIAMTM
| Q1 26 | 31.5% | 4.3% | ||
| Q4 25 | 30.7% | 3.4% | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.7% | 2.9% | ||
| Q1 25 | 20.3% | 3.2% | ||
| Q4 24 | 23.3% | 3.9% | ||
| Q3 24 | 21.2% | 1.2% | ||
| Q2 24 | 17.9% | 4.2% |
净利率ADIAMTM
| Q1 26 | 26.3% | 1.4% | ||
| Q4 25 | 25.6% | 1.0% | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 21.6% | 0.3% | ||
| Q1 25 | 16.1% | 0.1% | ||
| Q4 24 | 19.6% | 0.4% | ||
| Q3 24 | 17.0% | 1.2% | ||
| Q2 24 | 14.0% | -1.2% |
每股收益（稀释后）ADIAMTM
| Q1 26 | $1.69 | $0.18 | ||
| Q4 25 | $1.60 | $0.16 | ||
| Q3 25 | $1.04 | — | ||
| Q2 25 | $1.14 | $0.04 | ||
| Q1 25 | $0.78 | $0.02 | ||
| Q4 24 | $0.95 | $0.05 | ||
| Q3 24 | $0.79 | $0.31 | ||
| Q2 24 | $0.61 | $-0.29 |
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 | $247.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $33.8B | $4.6B |
| 总资产 | $48.0B | $11.2B |
| 负债/权益比越低杠杆越低 | — | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资ADIAMTM
| Q1 26 | $2.9B | $247.0M | ||
| Q4 25 | $3.7B | $437.0M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | $738.0M | ||
| Q1 25 | $2.3B | $546.0M | ||
| Q4 24 | $2.4B | $522.0M | ||
| Q3 24 | $2.1B | $452.0M | ||
| Q2 24 | $2.4B | — |
总债务ADIAMTM
| Q1 26 | — | $3.9B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | — |
股东权益ADIAMTM
| Q1 26 | $33.8B | $4.6B | ||
| Q4 25 | $33.8B | $4.5B | ||
| Q3 25 | $34.1B | — | ||
| Q2 25 | $35.0B | $4.5B | ||
| Q1 25 | $35.1B | $4.4B | ||
| Q4 24 | $35.2B | $4.5B | ||
| Q3 24 | $35.2B | $4.5B | ||
| Q2 24 | $35.2B | $303.0M |
总资产ADIAMTM
| Q1 26 | $48.0B | $11.2B | ||
| Q4 25 | $48.0B | $11.5B | ||
| Q3 25 | $48.2B | — | ||
| Q2 25 | $47.3B | $11.8B | ||
| Q1 25 | $48.0B | $12.0B | ||
| Q4 24 | $48.2B | $11.9B | ||
| Q3 24 | $48.6B | $12.0B | ||
| Q2 24 | $48.9B | — |
负债/权益比ADIAMTM
| Q1 26 | — | 0.86× | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 1.06× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | — | — |
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 | $-136.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-142.0M |
| 自由现金流率自由现金流/营收 | 39.8% | -4.4% |
| 资本支出强度资本支出/营收 | 3.5% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.65× | -3.09× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $272.0M |
8季度趋势，按日历期对齐
经营现金流ADIAMTM
| Q1 26 | $1.4B | $-136.0M | ||
| Q4 25 | $1.7B | $270.0M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $819.5M | $106.0M | ||
| Q1 25 | $1.1B | $57.0M | ||
| Q4 24 | $1.1B | $110.0M | ||
| Q3 24 | $855.0M | — | ||
| Q2 24 | $807.9M | — |
自由现金流ADIAMTM
| Q1 26 | $1.3B | $-142.0M | ||
| Q4 25 | $1.5B | $261.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $729.2M | $100.0M | ||
| Q1 25 | $977.8M | $53.0M | ||
| Q4 24 | $885.4M | $102.0M | ||
| Q3 24 | $701.1M | — | ||
| Q2 24 | $619.7M | — |
自由现金流率ADIAMTM
| Q1 26 | 39.8% | -4.4% | ||
| Q4 25 | 48.3% | 6.6% | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 27.6% | 2.8% | ||
| Q1 25 | 40.4% | 1.5% | ||
| Q4 24 | 36.2% | 3.0% | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 28.7% | — |
资本支出强度ADIAMTM
| Q1 26 | 3.5% | 0.2% | ||
| Q4 25 | 7.0% | 0.2% | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 3.4% | 0.2% | ||
| Q1 25 | 6.1% | 0.1% | ||
| Q4 24 | 6.8% | 0.2% | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 8.7% | — |
现金转化率ADIAMTM
| Q1 26 | 1.65× | -3.09× | ||
| Q4 25 | 2.16× | 6.75× | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.44× | 10.60× | ||
| Q1 25 | 2.88× | 14.25× | ||
| Q4 24 | 2.20× | 9.17× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.67× | — |
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% |
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
