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亚德诺半导体（ADI）与固安捷（GWW）财务数据对比。点击上方公司名可切换其他公司
固安捷的季度营收约是亚德诺半导体的1.4倍（$4.4B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 10.2%，领先16.1%），亚德诺半导体同比增速更快（30.4% vs 4.5%），亚德诺半导体自由现金流更多（$1.3B vs $269.0M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 2.2%）
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。
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
ADI vs GWW — 直观对比
营收规模更大
GWW
是对方的1.4倍
$3.2B
营收增速更快
ADI
高出25.9%
4.5%
净利率更高
ADI
高出16.1%
10.2%
自由现金流更多
ADI
多$990.2M
$269.0M
两年增速更快
ADI
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.4B |
| 净利润 | $830.8M | $451.0M |
| 毛利率 | 64.7% | 39.5% |
| 营业利润率 | 31.5% | 14.3% |
| 净利率 | 26.3% | 10.2% |
| 营收同比 | 30.4% | 4.5% |
| 净利润同比 | 112.3% | -5.1% |
| 每股收益（稀释后） | $1.69 | $9.45 |
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ADIGWW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $2.9B | $4.7B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.4B | $4.3B | ||
| Q4 24 | $2.4B | $4.2B | ||
| Q3 24 | $2.3B | $4.4B | ||
| Q2 24 | $2.2B | $4.3B |
净利润ADIGWW
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $451.0M | ||
| Q3 25 | $518.5M | $294.0M | ||
| Q2 25 | $569.8M | $482.0M | ||
| Q1 25 | $391.3M | $479.0M | ||
| Q4 24 | $478.1M | $475.0M | ||
| Q3 24 | $392.2M | $486.0M | ||
| Q2 24 | $302.2M | $470.0M |
毛利率ADIGWW
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 39.5% | ||
| Q3 25 | 62.1% | 38.6% | ||
| Q2 25 | 61.0% | 38.5% | ||
| Q1 25 | 59.0% | 39.7% | ||
| Q4 24 | 58.0% | 39.6% | ||
| Q3 24 | 56.7% | 39.2% | ||
| Q2 24 | 54.7% | 39.3% |
营业利润率ADIGWW
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 14.3% | ||
| Q3 25 | 28.4% | 11.0% | ||
| Q2 25 | 25.7% | 14.9% | ||
| Q1 25 | 20.3% | 15.6% | ||
| Q4 24 | 23.3% | 15.0% | ||
| Q3 24 | 21.2% | 15.6% | ||
| Q2 24 | 17.9% | 15.1% |
净利率ADIGWW
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 10.2% | ||
| Q3 25 | 18.0% | 6.3% | ||
| Q2 25 | 21.6% | 10.6% | ||
| Q1 25 | 16.1% | 11.1% | ||
| Q4 24 | 19.6% | 11.2% | ||
| Q3 24 | 17.0% | 11.1% | ||
| Q2 24 | 14.0% | 10.9% |
每股收益（稀释后）ADIGWW
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $9.45 | ||
| Q3 25 | $1.04 | $6.12 | ||
| Q2 25 | $1.14 | $9.97 | ||
| Q1 25 | $0.78 | $9.86 | ||
| Q4 24 | $0.95 | $9.71 | ||
| Q3 24 | $0.79 | $9.87 | ||
| Q2 24 | $0.61 | $9.51 |
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 | $585.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $33.8B | $3.7B |
| 总资产 | $48.0B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资ADIGWW
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $585.0M | ||
| Q3 25 | $2.3B | $535.0M | ||
| Q2 25 | $2.4B | $597.0M | ||
| Q1 25 | $2.3B | $666.0M | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.4B | $769.0M |
总债务ADIGWW
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $1.8B |
股东权益ADIGWW
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $3.7B | ||
| Q3 25 | $34.1B | $3.6B | ||
| Q2 25 | $35.0B | $3.7B | ||
| Q1 25 | $35.1B | $3.5B | ||
| Q4 24 | $35.2B | $3.4B | ||
| Q3 24 | $35.2B | $3.5B | ||
| Q2 24 | $35.2B | $3.3B |
总资产ADIGWW
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $9.0B | ||
| Q3 25 | $48.2B | $8.8B | ||
| Q2 25 | $47.3B | $8.9B | ||
| Q1 25 | $48.0B | $8.7B | ||
| Q4 24 | $48.2B | $8.8B | ||
| Q3 24 | $48.6B | $9.1B | ||
| Q2 24 | $48.9B | $8.4B |
负债/权益比ADIGWW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.67× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.65× | ||
| 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 | $395.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $269.0M |
| 自由现金流率自由现金流/营收 | 39.8% | 6.1% |
| 资本支出强度资本支出/营收 | 3.5% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.3B |
8季度趋势，按日历期对齐
经营现金流ADIGWW
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $395.0M | ||
| Q3 25 | $1.2B | $597.0M | ||
| Q2 25 | $819.5M | $377.0M | ||
| Q1 25 | $1.1B | $646.0M | ||
| Q4 24 | $1.1B | $428.0M | ||
| Q3 24 | $855.0M | $611.0M | ||
| Q2 24 | $807.9M | $411.0M |
自由现金流ADIGWW
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $269.0M | ||
| Q3 25 | $1.1B | $339.0M | ||
| Q2 25 | $729.2M | $202.0M | ||
| Q1 25 | $977.8M | $521.0M | ||
| Q4 24 | $885.4M | $170.0M | ||
| Q3 24 | $701.1M | $523.0M | ||
| Q2 24 | $619.7M | $335.0M |
自由现金流率ADIGWW
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 6.1% | ||
| Q3 25 | 37.7% | 7.3% | ||
| Q2 25 | 27.6% | 4.4% | ||
| Q1 25 | 40.4% | 12.1% | ||
| Q4 24 | 36.2% | 4.0% | ||
| Q3 24 | 30.3% | 11.9% | ||
| Q2 24 | 28.7% | 7.8% |
资本支出强度ADIGWW
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 2.8% | ||
| Q3 25 | 2.7% | 5.5% | ||
| Q2 25 | 3.4% | 3.8% | ||
| Q1 25 | 6.1% | 2.9% | ||
| Q4 24 | 6.8% | 6.1% | ||
| Q3 24 | 6.7% | 2.0% | ||
| Q2 24 | 8.7% | 1.8% |
现金转化率ADIGWW
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 0.88× | ||
| Q3 25 | 2.25× | 2.03× | ||
| Q2 25 | 1.44× | 0.78× | ||
| Q1 25 | 2.88× | 1.35× | ||
| Q4 24 | 2.20× | 0.90× | ||
| Q3 24 | 2.18× | 1.26× | ||
| Q2 24 | 2.67× | 0.87× |
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% |
GWW
暂无分部数据
