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亚德诺半导体（ADI）与Delek US Holdings, Inc.（DK）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Delek US Holdings, Inc.的1.3倍（$3.2B vs $2.4B），亚德诺半导体净利率更高（26.3% vs 3.2%，领先23.1%），亚德诺半导体同比增速更快（30.4% vs 2.3%），亚德诺半导体自由现金流更多（$1.3B vs $382.8M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -11.9%）
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。
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
ADI vs DK — 直观对比
营收规模更大
ADI
是对方的1.3倍
$2.4B
营收增速更快
ADI
高出28.1%
2.3%
净利率更高
ADI
高出23.1%
3.2%
自由现金流更多
ADI
多$876.4M
$382.8M
两年增速更快
ADI
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.4B |
| 净利润 | $830.8M | $78.3M |
| 毛利率 | 64.7% | 9.3% |
| 营业利润率 | 31.5% | 6.8% |
| 净利率 | 26.3% | 3.2% |
| 营收同比 | 30.4% | 2.3% |
| 净利润同比 | 112.3% | 118.9% |
| 每股收益（稀释后） | $1.69 | $1.23 |
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ADIDK
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.6B | $2.8B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.3B | $3.0B | ||
| Q2 24 | $2.2B | $3.3B |
净利润ADIDK
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $78.3M | ||
| Q3 25 | $518.5M | $178.0M | ||
| Q2 25 | $569.8M | $-106.4M | ||
| Q1 25 | $391.3M | $-172.7M | ||
| Q4 24 | $478.1M | $-413.8M | ||
| Q3 24 | $392.2M | $-76.8M | ||
| Q2 24 | $302.2M | $-37.2M |
毛利率ADIDK
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 9.3% | ||
| Q3 25 | 62.1% | 13.8% | ||
| Q2 25 | 61.0% | 1.9% | ||
| Q1 25 | 59.0% | -2.4% | ||
| Q4 24 | 58.0% | -5.7% | ||
| Q3 24 | 56.7% | -0.7% | ||
| Q2 24 | 54.7% | 0.5% |
营业利润率ADIDK
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 6.8% | ||
| Q3 25 | 28.4% | 10.2% | ||
| Q2 25 | 25.7% | -1.2% | ||
| Q1 25 | 20.3% | -4.8% | ||
| Q4 24 | 23.3% | -17.0% | ||
| Q3 24 | 21.2% | -4.0% | ||
| Q2 24 | 17.9% | 0.1% |
净利率ADIDK
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 3.2% | ||
| Q3 25 | 18.0% | 6.2% | ||
| Q2 25 | 21.6% | -3.8% | ||
| Q1 25 | 16.1% | -6.5% | ||
| Q4 24 | 19.6% | -17.4% | ||
| Q3 24 | 17.0% | -2.5% | ||
| Q2 24 | 14.0% | -1.1% |
每股收益（稀释后）ADIDK
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $1.23 | ||
| Q3 25 | $1.04 | $2.93 | ||
| Q2 25 | $1.14 | $-1.76 | ||
| Q1 25 | $0.78 | $-2.78 | ||
| Q4 24 | $0.95 | $-6.48 | ||
| Q3 24 | $0.79 | $-1.20 | ||
| Q2 24 | $0.61 | $-0.58 |
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 | $625.8M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $33.8B | $547.3M |
| 总资产 | $48.0B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 5.91× |
8季度趋势，按日历期对齐
现金及短期投资ADIDK
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $625.8M | ||
| Q3 25 | $2.3B | $630.9M | ||
| Q2 25 | $2.4B | $615.5M | ||
| Q1 25 | $2.3B | $623.8M | ||
| Q4 24 | $2.4B | $735.6M | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $2.4B | $657.9M |
总债务ADIDK
| Q1 26 | — | — | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.5B |
股东权益ADIDK
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $547.3M | ||
| Q3 25 | $34.1B | $444.8M | ||
| Q2 25 | $35.0B | $294.9M | ||
| Q1 25 | $35.1B | $429.4M | ||
| Q4 24 | $35.2B | $575.2M | ||
| Q3 24 | $35.2B | $875.4M | ||
| Q2 24 | $35.2B | $982.8M |
总资产ADIDK
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $6.8B | ||
| Q3 25 | $48.2B | $7.1B | ||
| Q2 25 | $47.3B | $7.1B | ||
| Q1 25 | $48.0B | $6.9B | ||
| Q4 24 | $48.2B | $6.7B | ||
| Q3 24 | $48.6B | $7.0B | ||
| Q2 24 | $48.9B | $6.9B |
负债/权益比ADIDK
| Q1 26 | — | — | ||
| Q4 25 | — | 5.91× | ||
| Q3 25 | — | 7.14× | ||
| Q2 25 | — | 10.51× | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 4.81× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | — | 2.50× |
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 | $502.8M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $382.8M |
| 自由现金流率自由现金流/营收 | 39.8% | 15.8% |
| 资本支出强度资本支出/营收 | 3.5% | 4.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 6.42× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $6.3M |
8季度趋势，按日历期对齐
经营现金流ADIDK
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $502.8M | ||
| Q3 25 | $1.2B | $44.0M | ||
| Q2 25 | $819.5M | $51.4M | ||
| Q1 25 | $1.1B | $-62.4M | ||
| Q4 24 | $1.1B | $-163.5M | ||
| Q3 24 | $855.0M | $-21.6M | ||
| Q2 24 | $807.9M | $-48.4M |
自由现金流ADIDK
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $382.8M | ||
| Q3 25 | $1.1B | $-64.0M | ||
| Q2 25 | $729.2M | $-114.4M | ||
| Q1 25 | $977.8M | $-198.1M | ||
| Q4 24 | $885.4M | $-354.0M | ||
| Q3 24 | $701.1M | $-140.6M | ||
| Q2 24 | $619.7M | $-128.3M |
自由现金流率ADIDK
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 15.8% | ||
| Q3 25 | 37.7% | -2.2% | ||
| Q2 25 | 27.6% | -4.1% | ||
| Q1 25 | 40.4% | -7.5% | ||
| Q4 24 | 36.2% | -14.9% | ||
| Q3 24 | 30.3% | -4.6% | ||
| Q2 24 | 28.7% | -3.9% |
资本支出强度ADIDK
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 4.9% | ||
| Q3 25 | 2.7% | 3.7% | ||
| Q2 25 | 3.4% | 6.0% | ||
| Q1 25 | 6.1% | 5.1% | ||
| Q4 24 | 6.8% | 8.0% | ||
| Q3 24 | 6.7% | 3.9% | ||
| Q2 24 | 8.7% | 2.4% |
现金转化率ADIDK
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 6.42× | ||
| Q3 25 | 2.25× | 0.25× | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 2.20× | — | ||
| 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% |
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
