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亚德诺半导体（ADI）与自由港麦克莫兰（FCX）财务数据对比。点击上方公司名可切换其他公司
自由港麦克莫兰的季度营收约是亚德诺半导体的1.7倍（$5.3B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 10.7%，领先15.6%），亚德诺半导体同比增速更快（30.4% vs -10.4%），亚德诺半导体自由现金流更多（$1.3B vs $-312.0M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -7.9%）
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。
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
ADI vs FCX — 直观对比
营收规模更大
FCX
是对方的1.7倍
$3.2B
营收增速更快
ADI
高出40.8%
-10.4%
净利率更高
ADI
高出15.6%
10.7%
自由现金流更多
ADI
多$1.6B
$-312.0M
两年增速更快
ADI
近两年复合增速
-7.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $5.3B |
| 净利润 | $830.8M | $565.0M |
| 毛利率 | 64.7% | 12.4% |
| 营业利润率 | 31.5% | 15.4% |
| 净利率 | 26.3% | 10.7% |
| 营收同比 | 30.4% | -10.4% |
| 净利润同比 | 112.3% | -21.6% |
| 每股收益（稀释后） | $1.69 | — |
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ADIFCX
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $5.3B | ||
| Q3 25 | $2.9B | $6.8B | ||
| Q2 25 | $2.6B | $7.5B | ||
| Q1 25 | $2.4B | $5.6B | ||
| Q4 24 | $2.4B | $5.9B | ||
| Q3 24 | $2.3B | $6.7B | ||
| Q2 24 | $2.2B | $6.4B |
净利润ADIFCX
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $565.0M | ||
| Q3 25 | $518.5M | $1.2B | ||
| Q2 25 | $569.8M | $1.5B | ||
| Q1 25 | $391.3M | $793.0M | ||
| Q4 24 | $478.1M | $721.0M | ||
| Q3 24 | $392.2M | $1.2B | ||
| Q2 24 | $302.2M | $1.3B |
毛利率ADIFCX
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 12.4% | ||
| Q3 25 | 62.1% | 29.2% | ||
| Q2 25 | 61.0% | 34.2% | ||
| Q1 25 | 59.0% | 24.3% | ||
| Q4 24 | 58.0% | 27.0% | ||
| Q3 24 | 56.7% | 30.0% | ||
| Q2 24 | 54.7% | 31.5% |
营业利润率ADIFCX
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 15.4% | ||
| Q3 25 | 28.4% | 28.9% | ||
| Q2 25 | 25.7% | 32.3% | ||
| Q1 25 | 20.3% | 23.4% | ||
| Q4 24 | 23.3% | 21.1% | ||
| Q3 24 | 21.2% | 29.0% | ||
| Q2 24 | 17.9% | 32.0% |
净利率ADIFCX
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 10.7% | ||
| Q3 25 | 18.0% | 18.3% | ||
| Q2 25 | 21.6% | 20.6% | ||
| Q1 25 | 16.1% | 14.2% | ||
| Q4 24 | 19.6% | 12.3% | ||
| Q3 24 | 17.0% | 18.5% | ||
| Q2 24 | 14.0% | 20.0% |
每股收益（稀释后）ADIFCX
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $1.04 | $0.46 | ||
| Q2 25 | $1.14 | $0.53 | ||
| Q1 25 | $0.78 | $0.24 | ||
| Q4 24 | $0.95 | — | ||
| Q3 24 | $0.79 | $0.36 | ||
| Q2 24 | $0.61 | $0.42 |
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 | $3.8B |
| 总债务越低越好 | — | $9.4B |
| 股东权益账面价值 | $33.8B | $18.9B |
| 总资产 | $48.0B | $58.2B |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资ADIFCX
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $2.3B | $4.3B | ||
| Q2 25 | $2.4B | $4.5B | ||
| Q1 25 | $2.3B | $4.4B | ||
| Q4 24 | $2.4B | $3.9B | ||
| Q3 24 | $2.1B | $5.0B | ||
| Q2 24 | $2.4B | $5.3B |
总债务ADIFCX
| Q1 26 | — | — | ||
| Q4 25 | — | $9.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.4B |
股东权益ADIFCX
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $18.9B | ||
| Q3 25 | $34.1B | $18.7B | ||
| Q2 25 | $35.0B | $18.2B | ||
| Q1 25 | $35.1B | $17.7B | ||
| Q4 24 | $35.2B | $17.6B | ||
| Q3 24 | $35.2B | $17.5B | ||
| Q2 24 | $35.2B | $17.4B |
总资产ADIFCX
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $58.2B | ||
| Q3 25 | $48.2B | $56.8B | ||
| Q2 25 | $47.3B | $56.5B | ||
| Q1 25 | $48.0B | $56.0B | ||
| Q4 24 | $48.2B | $54.8B | ||
| Q3 24 | $48.6B | $55.4B | ||
| Q2 24 | $48.9B | $54.6B |
负债/权益比ADIFCX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.54× |
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 | $693.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-312.0M |
| 自由现金流率自由现金流/营收 | 39.8% | -5.9% |
| 资本支出强度资本支出/营收 | 3.5% | 19.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流ADIFCX
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $693.0M | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $819.5M | $2.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $855.0M | $1.9B | ||
| Q2 24 | $807.9M | $2.0B |
自由现金流ADIFCX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $-312.0M | ||
| Q3 25 | $1.1B | $608.0M | ||
| Q2 25 | $729.2M | $934.0M | ||
| Q1 25 | $977.8M | $-114.0M | ||
| Q4 24 | $885.4M | $197.0M | ||
| Q3 24 | $701.1M | $673.0M | ||
| Q2 24 | $619.7M | $840.0M |
自由现金流率ADIFCX
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | -5.9% | ||
| Q3 25 | 37.7% | 8.9% | ||
| Q2 25 | 27.6% | 12.4% | ||
| Q1 25 | 40.4% | -2.0% | ||
| Q4 24 | 36.2% | 3.4% | ||
| Q3 24 | 30.3% | 10.1% | ||
| Q2 24 | 28.7% | 13.1% |
资本支出强度ADIFCX
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 19.1% | ||
| Q3 25 | 2.7% | 15.5% | ||
| Q2 25 | 3.4% | 16.8% | ||
| Q1 25 | 6.1% | 21.0% | ||
| Q4 24 | 6.8% | 21.1% | ||
| Q3 24 | 6.7% | 17.9% | ||
| Q2 24 | 8.7% | 17.4% |
现金转化率ADIFCX
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.23× | ||
| Q3 25 | 2.25× | 1.33× | ||
| Q2 25 | 1.44× | 1.42× | ||
| Q1 25 | 2.88× | 1.33× | ||
| Q4 24 | 2.20× | 1.99× | ||
| Q3 24 | 2.18× | 1.51× | ||
| Q2 24 | 2.67× | 1.53× |
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% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
