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亚德诺半导体（ADI）与TechnipFMC plc（FTI）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TechnipFMC plc的1.3倍（$3.2B vs $2.5B），亚德诺半导体净利率更高（26.3% vs 9.6%，领先16.6%），亚德诺半导体同比增速更快（30.4% vs 6.3%），亚德诺半导体自由现金流更多（$1.3B vs $359.1M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 11.0%）
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。
TechnipFMC是一家注册地位于英国的全球能源服务商，兼具法国与美国企业背景，核心业务为油气领域提供专业技术与服务支持。公司由美国FMC科技与法国Technip于2016年宣布合并，2017年正式完成组建，业务覆盖全球主要能源市场。
ADI vs FTI — 直观对比
营收规模更大
ADI
是对方的1.3倍
$2.5B
营收增速更快
ADI
高出24.1%
6.3%
净利率更高
ADI
高出16.6%
9.6%
自由现金流更多
ADI
多$900.1M
$359.1M
两年增速更快
ADI
近两年复合增速
11.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.5B |
| 净利润 | $830.8M | $242.7M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 12.6% |
| 净利率 | 26.3% | 9.6% |
| 营收同比 | 30.4% | 6.3% |
| 净利润同比 | 112.3% | 8.0% |
| 每股收益（稀释后） | $1.69 | $0.58 |
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ADIFTI
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.4B | $2.2B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.2B | $2.3B |
净利润ADIFTI
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $242.7M | ||
| Q3 25 | $518.5M | $309.7M | ||
| Q2 25 | $569.8M | $269.5M | ||
| Q1 25 | $391.3M | $142.0M | ||
| Q4 24 | $478.1M | $224.7M | ||
| Q3 24 | $392.2M | $274.6M | ||
| Q2 24 | $302.2M | $186.5M |
毛利率ADIFTI
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | 23.1% | ||
| Q1 25 | 59.0% | 20.5% | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | 21.2% |
营业利润率ADIFTI
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 12.6% | ||
| Q3 25 | 28.4% | 16.5% | ||
| Q2 25 | 25.7% | 15.9% | ||
| Q1 25 | 20.3% | 12.5% | ||
| Q4 24 | 23.3% | 11.3% | ||
| Q3 24 | 21.2% | 13.7% | ||
| Q2 24 | 17.9% | 13.3% |
净利率ADIFTI
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 9.6% | ||
| Q3 25 | 18.0% | 11.7% | ||
| Q2 25 | 21.6% | 10.6% | ||
| Q1 25 | 16.1% | 6.4% | ||
| Q4 24 | 19.6% | 9.5% | ||
| Q3 24 | 17.0% | 11.7% | ||
| Q2 24 | 14.0% | 8.0% |
每股收益（稀释后）ADIFTI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $0.58 | ||
| Q3 25 | $1.04 | $0.75 | ||
| Q2 25 | $1.14 | $0.64 | ||
| Q1 25 | $0.78 | $0.33 | ||
| Q4 24 | $0.95 | $0.51 | ||
| Q3 24 | $0.79 | $0.63 | ||
| 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 | $1.0B |
| 总债务越低越好 | — | $430.0M |
| 股东权益账面价值 | $33.8B | $3.4B |
| 总资产 | $48.0B | $10.1B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资ADIFTI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $1.0B | ||
| Q3 25 | $2.3B | $876.6M | ||
| Q2 25 | $2.4B | $950.0M | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.4B | — |
总债务ADIFTI
| Q1 26 | — | — | ||
| Q4 25 | — | $430.0M | ||
| Q3 25 | — | $438.0M | ||
| Q2 25 | — | $696.3M | ||
| Q1 25 | — | $904.9M | ||
| Q4 24 | — | $885.2M | ||
| Q3 24 | — | $966.7M | ||
| Q2 24 | — | $968.4M |
股东权益ADIFTI
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $3.4B | ||
| Q3 25 | $34.1B | $3.3B | ||
| Q2 25 | $35.0B | $3.3B | ||
| Q1 25 | $35.1B | $3.1B | ||
| Q4 24 | $35.2B | $3.1B | ||
| Q3 24 | $35.2B | $3.3B | ||
| Q2 24 | $35.2B | $3.0B |
总资产ADIFTI
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $10.1B | ||
| Q3 25 | $48.2B | $10.3B | ||
| Q2 25 | $47.3B | $10.1B | ||
| Q1 25 | $48.0B | $10.0B | ||
| Q4 24 | $48.2B | $9.9B | ||
| Q3 24 | $48.6B | $9.7B | ||
| Q2 24 | $48.9B | $9.2B |
负债/权益比ADIFTI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.33× |
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 | $453.6M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $359.1M |
| 自由现金流率自由现金流/营收 | 39.8% | 14.3% |
| 资本支出强度资本支出/营收 | 3.5% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.4B |
8季度趋势，按日历期对齐
经营现金流ADIFTI
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $453.6M | ||
| Q3 25 | $1.2B | $525.1M | ||
| Q2 25 | $819.5M | $344.2M | ||
| Q1 25 | $1.1B | $441.7M | ||
| Q4 24 | $1.1B | $578.9M | ||
| Q3 24 | $855.0M | $277.9M | ||
| Q2 24 | $807.9M | $230.9M |
自由现金流ADIFTI
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $359.1M | ||
| Q3 25 | $1.1B | $447.8M | ||
| Q2 25 | $729.2M | $260.6M | ||
| Q1 25 | $977.8M | $379.9M | ||
| Q4 24 | $885.4M | $452.7M | ||
| Q3 24 | $701.1M | $225.3M | ||
| Q2 24 | $619.7M | $180.1M |
自由现金流率ADIFTI
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 14.3% | ||
| Q3 25 | 37.7% | 16.9% | ||
| Q2 25 | 27.6% | 10.3% | ||
| Q1 25 | 40.4% | 17.0% | ||
| Q4 24 | 36.2% | 19.1% | ||
| Q3 24 | 30.3% | 9.6% | ||
| Q2 24 | 28.7% | 7.7% |
资本支出强度ADIFTI
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 3.8% | ||
| Q3 25 | 2.7% | 2.9% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 6.1% | 2.8% | ||
| Q4 24 | 6.8% | 5.3% | ||
| Q3 24 | 6.7% | 2.2% | ||
| Q2 24 | 8.7% | 2.2% |
现金转化率ADIFTI
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.87× | ||
| Q3 25 | 2.25× | 1.70× | ||
| Q2 25 | 1.44× | 1.28× | ||
| Q1 25 | 2.88× | 3.11× | ||
| Q4 24 | 2.20× | 2.58× | ||
| Q3 24 | 2.18× | 1.01× | ||
| Q2 24 | 2.67× | 1.24× |
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% |
FTI
| Services | $1.3B | 52% |
| Products | $1.1B | 44% |
| Other | $55.1M | 2% |
| Surface Technologies | $22.4M | 1% |
