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亚德诺半导体（ADI）与安费诺（APH）财务数据对比。点击上方公司名可切换其他公司
安费诺的季度营收约是亚德诺半导体的2.0倍（$6.4B vs $3.2B）。亚德诺半导体净利率更高（26.3% vs 18.6%，领先7.7%）。安费诺同比增速更快（49.1% vs 30.4%）。安费诺自由现金流更多（$1.5B vs $1.3B）。过去两年安费诺的营收复合增速更高（40.6% 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。
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
ADI vs APH — 直观对比
营收规模更大
APH
是对方的2.0倍
$3.2B
营收增速更快
APH
高出18.7%
30.4%
净利率更高
ADI
高出7.7%
18.6%
自由现金流更多
APH
多$209.3M
$1.3B
两年增速更快
APH
近两年复合增速
21.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $6.4B |
| 净利润 | $830.8M | $1.2B |
| 毛利率 | 64.7% | 38.2% |
| 营业利润率 | 31.5% | 26.8% |
| 净利率 | 26.3% | 18.6% |
| 营收同比 | 30.4% | 49.1% |
| 净利润同比 | 112.3% | 60.2% |
| 每股收益（稀释后） | $1.69 | $0.93 |
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ADIAPH
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $6.4B | ||
| Q3 25 | $2.9B | $6.2B | ||
| Q2 25 | $2.6B | $5.7B | ||
| Q1 25 | $2.4B | $4.8B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.2B | $3.6B |
净利润ADIAPH
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $1.2B | ||
| Q3 25 | $518.5M | $1.2B | ||
| Q2 25 | $569.8M | $1.1B | ||
| Q1 25 | $391.3M | $737.8M | ||
| Q4 24 | $478.1M | $746.1M | ||
| Q3 24 | $392.2M | $604.4M | ||
| Q2 24 | $302.2M | $524.8M |
毛利率ADIAPH
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 38.2% | ||
| Q3 25 | 62.1% | 38.1% | ||
| Q2 25 | 61.0% | 36.3% | ||
| Q1 25 | 59.0% | 34.2% | ||
| Q4 24 | 58.0% | 34.3% | ||
| Q3 24 | 56.7% | 33.6% | ||
| Q2 24 | 54.7% | 33.6% |
营业利润率ADIAPH
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 26.8% | ||
| Q3 25 | 28.4% | 27.5% | ||
| Q2 25 | 25.7% | 25.1% | ||
| Q1 25 | 20.3% | 21.3% | ||
| Q4 24 | 23.3% | 22.1% | ||
| Q3 24 | 21.2% | 20.3% | ||
| Q2 24 | 17.9% | 19.4% |
净利率ADIAPH
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 18.6% | ||
| Q3 25 | 18.0% | 20.1% | ||
| Q2 25 | 21.6% | 19.3% | ||
| Q1 25 | 16.1% | 15.3% | ||
| Q4 24 | 19.6% | 17.3% | ||
| Q3 24 | 17.0% | 15.0% | ||
| Q2 24 | 14.0% | 14.5% |
每股收益（稀释后）ADIAPH
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $0.93 | ||
| Q3 25 | $1.04 | $0.97 | ||
| Q2 25 | $1.14 | $0.86 | ||
| Q1 25 | $0.78 | $0.58 | ||
| Q4 24 | $0.95 | $0.16 | ||
| Q3 24 | $0.79 | $0.48 | ||
| Q2 24 | $0.61 | $0.41 |
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 | $11.4B |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $33.8B | $13.4B |
| 总资产 | $48.0B | $36.2B |
| 负债/权益比越低杠杆越低 | — | 1.09× |
8季度趋势，按日历期对齐
现金及短期投资ADIAPH
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $11.4B | ||
| Q3 25 | $2.3B | $3.9B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.4B | $1.3B |
总债务ADIAPH
| Q1 26 | — | — | ||
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.0B |
股东权益ADIAPH
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $13.4B | ||
| Q3 25 | $34.1B | $12.5B | ||
| Q2 25 | $35.0B | $11.5B | ||
| Q1 25 | $35.1B | $10.3B | ||
| Q4 24 | $35.2B | $9.8B | ||
| Q3 24 | $35.2B | $9.5B | ||
| Q2 24 | $35.2B | $9.0B |
总资产ADIAPH
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $36.2B | ||
| Q3 25 | $48.2B | $27.1B | ||
| Q2 25 | $47.3B | $25.7B | ||
| Q1 25 | $48.0B | $22.9B | ||
| Q4 24 | $48.2B | $21.4B | ||
| Q3 24 | $48.6B | $19.6B | ||
| Q2 24 | $48.9B | $18.6B |
负债/权益比ADIAPH
| Q1 26 | — | — | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.56× |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $1.5B |
| 自由现金流率自由现金流/营收 | 39.8% | 22.8% |
| 资本支出强度资本支出/营收 | 3.5% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $4.4B |
8季度趋势，按日历期对齐
经营现金流ADIAPH
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $819.5M | $1.4B | ||
| Q1 25 | $1.1B | $764.9M | ||
| Q4 24 | $1.1B | $847.1M | ||
| Q3 24 | $855.0M | $704.0M | ||
| Q2 24 | $807.9M | $664.1M |
自由现金流ADIAPH
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $729.2M | $1.1B | ||
| Q1 25 | $977.8M | $576.3M | ||
| Q4 24 | $885.4M | $647.3M | ||
| Q3 24 | $701.1M | $474.0M | ||
| Q2 24 | $619.7M | $522.8M |
自由现金流率ADIAPH
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 22.8% | ||
| Q3 25 | 37.7% | 19.6% | ||
| Q2 25 | 27.6% | 19.8% | ||
| Q1 25 | 40.4% | 12.0% | ||
| Q4 24 | 36.2% | 15.0% | ||
| Q3 24 | 30.3% | 11.7% | ||
| Q2 24 | 28.7% | 14.5% |
资本支出强度ADIAPH
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 3.9% | ||
| Q3 25 | 2.7% | 4.2% | ||
| Q2 25 | 3.4% | 5.3% | ||
| Q1 25 | 6.1% | 3.9% | ||
| Q4 24 | 6.8% | 4.6% | ||
| Q3 24 | 6.7% | 5.7% | ||
| Q2 24 | 8.7% | 3.9% |
现金转化率ADIAPH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.44× | ||
| Q3 25 | 2.25× | 1.18× | ||
| Q2 25 | 1.44× | 1.30× | ||
| Q1 25 | 2.88× | 1.04× | ||
| Q4 24 | 2.20× | 1.14× | ||
| Q3 24 | 2.18× | 1.16× | ||
| Q2 24 | 2.67× | 1.27× |
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% |
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
