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亚德诺半导体（ADI）与艺康（ECL）财务数据对比。点击上方公司名可切换其他公司
艺康的季度营收约是亚德诺半导体的1.3倍（$4.1B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 10.6%，领先15.7%），亚德诺半导体同比增速更快（30.4% vs 10.0%），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 1.0%）
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。
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
ADI vs ECL — 直观对比
营收规模更大
ECL
是对方的1.3倍
$3.2B
营收增速更快
ADI
高出20.4%
10.0%
净利率更高
ADI
高出15.7%
10.6%
两年增速更快
ADI
近两年复合增速
1.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.1B |
| 净利润 | $830.8M | $432.6M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 15.3% |
| 净利率 | 26.3% | 10.6% |
| 营收同比 | 30.4% | 10.0% |
| 净利润同比 | 112.3% | 1.3% |
| 每股收益（稀释后） | $1.69 | $1.52 |
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ADIECL
| Q2 26 | — | $4.1B | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $4.2B | ||
| Q3 25 | $2.9B | $4.2B | ||
| Q2 25 | $2.6B | $4.0B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.3B | $4.0B |
净利润ADIECL
| Q2 26 | — | $432.6M | ||
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $563.9M | ||
| Q3 25 | $518.5M | $585.0M | ||
| Q2 25 | $569.8M | $524.2M | ||
| Q1 25 | $391.3M | $402.5M | ||
| Q4 24 | $478.1M | $472.9M | ||
| Q3 24 | $392.2M | $736.5M |
毛利率ADIECL
| Q2 26 | — | — | ||
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 44.0% | ||
| Q3 25 | 62.1% | 44.8% | ||
| Q2 25 | 61.0% | 44.8% | ||
| Q1 25 | 59.0% | 44.2% | ||
| Q4 24 | 58.0% | 43.3% | ||
| Q3 24 | 56.7% | 43.4% |
营业利润率ADIECL
| Q2 26 | — | 15.3% | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 17.0% | ||
| Q3 25 | 28.4% | 18.3% | ||
| Q2 25 | 25.7% | 17.6% | ||
| Q1 25 | 20.3% | 15.0% | ||
| Q4 24 | 23.3% | 14.6% | ||
| Q3 24 | 21.2% | 26.1% |
净利率ADIECL
| Q2 26 | — | 10.6% | ||
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 13.4% | ||
| Q3 25 | 18.0% | 14.0% | ||
| Q2 25 | 21.6% | 13.0% | ||
| Q1 25 | 16.1% | 10.9% | ||
| Q4 24 | 19.6% | 11.8% | ||
| Q3 24 | 17.0% | 18.4% |
每股收益（稀释后）ADIECL
| Q2 26 | — | $1.52 | ||
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $1.98 | ||
| Q3 25 | $1.04 | $2.05 | ||
| Q2 25 | $1.14 | $1.84 | ||
| Q1 25 | $0.78 | $1.41 | ||
| Q4 24 | $0.95 | $1.65 | ||
| Q3 24 | $0.79 | $2.58 |
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 | $519.8K |
| 总债务越低越好 | — | $8.5M |
| 股东权益账面价值 | $33.8B | $10.0M |
| 总资产 | $48.0B | $25.0M |
| 负债/权益比越低杠杆越低 | — | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资ADIECL
| Q2 26 | — | $519.8K | ||
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $646.2M | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B |
总债务ADIECL
| Q2 26 | — | $8.5M | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $7.4B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $7.0B |
股东权益ADIECL
| Q2 26 | — | $10.0M | ||
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $9.8B | ||
| Q3 25 | $34.1B | $9.7B | ||
| Q2 25 | $35.0B | $9.3B | ||
| Q1 25 | $35.1B | $8.9B | ||
| Q4 24 | $35.2B | $8.8B | ||
| Q3 24 | $35.2B | $8.5B |
总资产ADIECL
| Q2 26 | — | $25.0M | ||
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $24.7B | ||
| Q3 25 | $48.2B | $23.9B | ||
| Q2 25 | $47.3B | $23.7B | ||
| Q1 25 | $48.0B | $22.4B | ||
| Q4 24 | $48.2B | $22.4B | ||
| Q3 24 | $48.6B | $22.1B |
负债/权益比ADIECL
| Q2 26 | — | 0.85× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.82× |
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 | — |
| 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× | — |
| 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ADIECL
| Q2 26 | — | — | ||
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.2B | $791.3M | ||
| Q2 25 | $819.5M | $701.8M | ||
| Q1 25 | $1.1B | $369.4M | ||
| Q4 24 | $1.1B | $766.7M | ||
| Q3 24 | $855.0M | $786.7M |
自由现金流ADIECL
| Q2 26 | — | — | ||
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $758.0M | ||
| Q3 25 | $1.1B | $529.7M | ||
| Q2 25 | $729.2M | $485.1M | ||
| Q1 25 | $977.8M | $131.5M | ||
| Q4 24 | $885.4M | $407.0M | ||
| Q3 24 | $701.1M | $550.3M |
自由现金流率ADIECL
| Q2 26 | — | — | ||
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 18.1% | ||
| Q3 25 | 37.7% | 12.7% | ||
| Q2 25 | 27.6% | 12.1% | ||
| Q1 25 | 40.4% | 3.6% | ||
| Q4 24 | 36.2% | 10.2% | ||
| Q3 24 | 30.3% | 13.8% |
资本支出强度ADIECL
| Q2 26 | — | — | ||
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 7.9% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 3.4% | 5.4% | ||
| Q1 25 | 6.1% | 6.4% | ||
| Q4 24 | 6.8% | 9.0% | ||
| Q3 24 | 6.7% | 5.9% |
现金转化率ADIECL
| Q2 26 | — | — | ||
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.93× | ||
| Q3 25 | 2.25× | 1.35× | ||
| Q2 25 | 1.44× | 1.34× | ||
| Q1 25 | 2.88× | 0.92× | ||
| Q4 24 | 2.20× | 1.62× | ||
| Q3 24 | 2.18× | 1.07× |
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% |
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
