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亚德诺半导体（ADI）与FISERV INC（FISV）财务数据对比。点击上方公司名可切换其他公司
FISERV INC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 15.3%，领先10.9%），亚德诺半导体同比增速更快（30.4% vs 0.6%），FISERV INC自由现金流更多（$1.5B vs $1.3B），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 4.0%）
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。
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
ADI vs FISV — 直观对比
营收规模更大
FISV
是对方的1.7倍
$3.2B
营收增速更快
ADI
高出29.8%
0.6%
净利率更高
ADI
高出10.9%
15.3%
自由现金流更多
FISV
多$242.8M
$1.3B
两年增速更快
ADI
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $5.3B |
| 净利润 | $830.8M | $811.0M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 24.4% |
| 净利率 | 26.3% | 15.3% |
| 营收同比 | 30.4% | 0.6% |
| 净利润同比 | 112.3% | -13.5% |
| 每股收益（稀释后） | $1.69 | $1.51 |
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ADIFISV
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $5.3B | ||
| Q3 25 | $2.9B | $5.3B | ||
| Q2 25 | $2.6B | $5.5B | ||
| Q1 25 | $2.4B | $5.1B | ||
| Q4 24 | $2.4B | $5.3B | ||
| Q3 24 | $2.3B | $5.2B | ||
| Q2 24 | $2.2B | $5.1B |
净利润ADIFISV
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $811.0M | ||
| Q3 25 | $518.5M | $792.0M | ||
| Q2 25 | $569.8M | $1.0B | ||
| Q1 25 | $391.3M | $851.0M | ||
| Q4 24 | $478.1M | $938.0M | ||
| Q3 24 | $392.2M | $564.0M | ||
| Q2 24 | $302.2M | $894.0M |
毛利率ADIFISV
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | — |
营业利润率ADIFISV
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 24.4% | ||
| Q3 25 | 28.4% | 27.3% | ||
| Q2 25 | 25.7% | 30.7% | ||
| Q1 25 | 20.3% | 27.2% | ||
| Q4 24 | 23.3% | 31.8% | ||
| Q3 24 | 21.2% | 30.7% | ||
| Q2 24 | 17.9% | 28.0% |
净利率ADIFISV
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 15.3% | ||
| Q3 25 | 18.0% | 15.0% | ||
| Q2 25 | 21.6% | 18.6% | ||
| Q1 25 | 16.1% | 16.6% | ||
| Q4 24 | 19.6% | 17.9% | ||
| Q3 24 | 17.0% | 10.8% | ||
| Q2 24 | 14.0% | 17.5% |
每股收益（稀释后）ADIFISV
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $1.51 | ||
| Q3 25 | $1.04 | $1.46 | ||
| Q2 25 | $1.14 | $1.86 | ||
| Q1 25 | $0.78 | $1.51 | ||
| Q4 24 | $0.95 | $1.63 | ||
| Q3 24 | $0.79 | $0.98 | ||
| Q2 24 | $0.61 | $1.53 |
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 | $798.0M |
| 总债务越低越好 | — | $27.8B |
| 股东权益账面价值 | $33.8B | $25.8B |
| 总资产 | $48.0B | $80.1B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资ADIFISV
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $798.0M | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.4B | $999.0M | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
总债务ADIFISV
| Q1 26 | — | — | ||
| Q4 25 | — | $27.8B | ||
| Q3 25 | — | $28.9B | ||
| Q2 25 | — | $28.1B | ||
| Q1 25 | — | $27.0B | ||
| Q4 24 | — | $23.7B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.4B |
股东权益ADIFISV
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $25.8B | ||
| Q3 25 | $34.1B | $25.1B | ||
| Q2 25 | $35.0B | $25.2B | ||
| Q1 25 | $35.1B | $25.9B | ||
| Q4 24 | $35.2B | $27.1B | ||
| Q3 24 | $35.2B | $27.8B | ||
| Q2 24 | $35.2B | $28.2B |
总资产ADIFISV
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $80.1B | ||
| Q3 25 | $48.2B | $79.4B | ||
| Q2 25 | $47.3B | $81.5B | ||
| Q1 25 | $48.0B | $80.4B | ||
| Q4 24 | $48.2B | $77.2B | ||
| Q3 24 | $48.6B | $79.8B | ||
| Q2 24 | $48.9B | $93.4B |
负债/权益比ADIFISV
| Q1 26 | — | — | ||
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.87× |
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 | $1.9B |
| 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% | 28.4% |
| 资本支出强度资本支出/营收 | 3.5% | 8.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.40× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $4.3B |
8季度趋势，按日历期对齐
经营现金流ADIFISV
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $819.5M | $1.7B | ||
| Q1 25 | $1.1B | $648.0M | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $855.0M | $2.2B | ||
| Q2 24 | $807.9M | $1.3B |
自由现金流ADIFISV
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $729.2M | $1.2B | ||
| Q1 25 | $977.8M | $313.0M | ||
| Q4 24 | $885.4M | $1.8B | ||
| Q3 24 | $701.1M | $1.8B | ||
| Q2 24 | $619.7M | $993.0M |
自由现金流率ADIFISV
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 28.4% | ||
| Q3 25 | 37.7% | 24.7% | ||
| Q2 25 | 27.6% | 21.5% | ||
| Q1 25 | 40.4% | 6.1% | ||
| Q4 24 | 36.2% | 34.7% | ||
| Q3 24 | 30.3% | 35.2% | ||
| Q2 24 | 28.7% | 19.4% |
资本支出强度ADIFISV
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 8.4% | ||
| Q3 25 | 2.7% | 9.6% | ||
| Q2 25 | 3.4% | 8.7% | ||
| Q1 25 | 6.1% | 6.5% | ||
| Q4 24 | 6.8% | 7.6% | ||
| Q3 24 | 6.7% | 7.7% | ||
| Q2 24 | 8.7% | 6.8% |
现金转化率ADIFISV
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 2.40× | ||
| Q3 25 | 2.25× | 2.28× | ||
| Q2 25 | 1.44× | 1.62× | ||
| Q1 25 | 2.88× | 0.76× | ||
| Q4 24 | 2.20× | 2.37× | ||
| Q3 24 | 2.18× | 3.97× | ||
| Q2 24 | 2.67× | 1.50× |
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% |
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
