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亚德诺半导体（ADI）与博思艾伦汉密尔顿（BAH）财务数据对比。点击上方公司名可切换其他公司
亚德诺半导体的季度营收约是博思艾伦汉密尔顿的1.2倍（$3.2B vs $2.6B），亚德诺半导体净利率更高（26.3% vs 7.6%，领先18.7%），亚德诺半导体同比增速更快（30.4% vs -10.2%），亚德诺半导体自由现金流更多（$1.3B vs $248.0M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -2.8%）
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。
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
ADI vs BAH — 直观对比
营收规模更大
ADI
是对方的1.2倍
$2.6B
营收增速更快
ADI
高出40.6%
-10.2%
净利率更高
ADI
高出18.7%
7.6%
自由现金流更多
ADI
多$1.0B
$248.0M
两年增速更快
ADI
近两年复合增速
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.6B |
| 净利润 | $830.8M | $200.0M |
| 毛利率 | 64.7% | 51.9% |
| 营业利润率 | 31.5% | 8.8% |
| 净利率 | 26.3% | 7.6% |
| 营收同比 | 30.4% | -10.2% |
| 净利润同比 | 112.3% | 7.0% |
| 每股收益（稀释后） | $1.69 | $1.63 |
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ADIBAH
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.4B | $3.0B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.2B | $2.9B |
净利润ADIBAH
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $200.0M | ||
| Q3 25 | $518.5M | $175.0M | ||
| Q2 25 | $569.8M | $271.0M | ||
| Q1 25 | $391.3M | $192.7M | ||
| Q4 24 | $478.1M | $186.9M | ||
| Q3 24 | $392.2M | $390.1M | ||
| Q2 24 | $302.2M | $165.2M |
毛利率ADIBAH
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 51.9% | ||
| Q3 25 | 62.1% | 53.6% | ||
| Q2 25 | 61.0% | 51.3% | ||
| Q1 25 | 59.0% | 53.6% | ||
| Q4 24 | 58.0% | 55.2% | ||
| Q3 24 | 56.7% | 56.7% | ||
| Q2 24 | 54.7% | 53.4% |
营业利润率ADIBAH
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 8.8% | ||
| Q3 25 | 28.4% | 9.8% | ||
| Q2 25 | 25.7% | 8.8% | ||
| Q1 25 | 20.3% | 9.2% | ||
| Q4 24 | 23.3% | 10.0% | ||
| Q3 24 | 21.2% | 17.4% | ||
| Q2 24 | 17.9% | 8.7% |
净利率ADIBAH
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 7.6% | ||
| Q3 25 | 18.0% | 6.1% | ||
| Q2 25 | 21.6% | 9.3% | ||
| Q1 25 | 16.1% | 6.5% | ||
| Q4 24 | 19.6% | 6.4% | ||
| Q3 24 | 17.0% | 12.4% | ||
| Q2 24 | 14.0% | 5.6% |
每股收益（稀释后）ADIBAH
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $1.63 | ||
| Q3 25 | $1.04 | $1.42 | ||
| Q2 25 | $1.14 | $2.16 | ||
| Q1 25 | $0.78 | $1.52 | ||
| Q4 24 | $0.95 | $1.45 | ||
| Q3 24 | $0.79 | $3.01 | ||
| Q2 24 | $0.61 | $1.27 |
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 | $882.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $33.8B | $1.0B |
| 总资产 | $48.0B | $7.1B |
| 负债/权益比越低杠杆越低 | — | 3.84× |
8季度趋势，按日历期对齐
现金及短期投资ADIBAH
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $882.0M | ||
| Q3 25 | $2.3B | $816.0M | ||
| Q2 25 | $2.4B | $711.0M | ||
| Q1 25 | $2.3B | $885.0M | ||
| Q4 24 | $2.4B | $453.5M | ||
| Q3 24 | $2.1B | $558.7M | ||
| Q2 24 | $2.4B | $297.7M |
总债务ADIBAH
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
股东权益ADIBAH
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $1.0B | ||
| Q3 25 | $34.1B | $996.0M | ||
| Q2 25 | $35.0B | $1.1B | ||
| Q1 25 | $35.1B | $1.0B | ||
| Q4 24 | $35.2B | $1.2B | ||
| Q3 24 | $35.2B | $1.2B | ||
| Q2 24 | $35.2B | $1.1B |
总资产ADIBAH
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $7.1B | ||
| Q3 25 | $48.2B | $7.2B | ||
| Q2 25 | $47.3B | $7.2B | ||
| Q1 25 | $48.0B | $7.3B | ||
| Q4 24 | $48.2B | $6.8B | ||
| Q3 24 | $48.6B | $6.9B | ||
| Q2 24 | $48.9B | $6.6B |
负债/权益比ADIBAH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.84× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | — | 3.74× | ||
| Q1 25 | — | 3.99× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 3.14× |
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 | $261.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $248.0M |
| 自由现金流率自由现金流/营收 | 39.8% | 9.5% |
| 资本支出强度资本支出/营收 | 3.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.30× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $933.4M |
8季度趋势，按日历期对齐
经营现金流ADIBAH
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $261.0M | ||
| Q3 25 | $1.2B | $421.0M | ||
| Q2 25 | $819.5M | $119.0M | ||
| Q1 25 | $1.1B | $219.0M | ||
| Q4 24 | $1.1B | $150.8M | ||
| Q3 24 | $855.0M | $587.1M | ||
| Q2 24 | $807.9M | $52.1M |
自由现金流ADIBAH
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $248.0M | ||
| Q3 25 | $1.1B | $395.0M | ||
| Q2 25 | $729.2M | $96.0M | ||
| Q1 25 | $977.8M | $194.4M | ||
| Q4 24 | $885.4M | $133.6M | ||
| Q3 24 | $701.1M | $563.3M | ||
| Q2 24 | $619.7M | $19.7M |
自由现金流率ADIBAH
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 9.5% | ||
| Q3 25 | 37.7% | 13.7% | ||
| Q2 25 | 27.6% | 3.3% | ||
| Q1 25 | 40.4% | 6.5% | ||
| Q4 24 | 36.2% | 4.6% | ||
| Q3 24 | 30.3% | 17.9% | ||
| Q2 24 | 28.7% | 0.7% |
资本支出强度ADIBAH
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 0.5% | ||
| Q3 25 | 2.7% | 0.9% | ||
| Q2 25 | 3.4% | 0.8% | ||
| Q1 25 | 6.1% | 0.8% | ||
| Q4 24 | 6.8% | 0.6% | ||
| Q3 24 | 6.7% | 0.8% | ||
| Q2 24 | 8.7% | 1.1% |
现金转化率ADIBAH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.30× | ||
| Q3 25 | 2.25× | 2.41× | ||
| Q2 25 | 1.44× | 0.44× | ||
| Q1 25 | 2.88× | 1.14× | ||
| Q4 24 | 2.20× | 0.81× | ||
| Q3 24 | 2.18× | 1.50× | ||
| Q2 24 | 2.67× | 0.32× |
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% |
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
