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亚德诺半导体（ADI）与MERCURY SYSTEMS INC（MRCY）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MERCURY SYSTEMS INC的13.6倍（$3.2B vs $232.9M）。亚德诺半导体净利率更高（26.3% vs -6.5%，领先32.8%）。亚德诺半导体同比增速更快（30.4% vs 4.4%）。亚德诺半导体自由现金流更多（$1.3B vs $45.7M）。过去两年亚德诺半导体的营收复合增速更高（21.0% vs 5.7%）
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。
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
ADI vs MRCY — 直观对比
营收规模更大
ADI
是对方的13.6倍
$232.9M
营收增速更快
ADI
高出26.0%
4.4%
净利率更高
ADI
高出32.8%
-6.5%
自由现金流更多
ADI
多$1.2B
$45.7M
两年增速更快
ADI
近两年复合增速
5.7%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $232.9M |
| 净利润 | $830.8M | $-15.1M |
| 毛利率 | 64.7% | 26.0% |
| 营业利润率 | 31.5% | -4.6% |
| 净利率 | 26.3% | -6.5% |
| 营收同比 | 30.4% | 4.4% |
| 净利润同比 | 112.3% | 14.1% |
| 每股收益（稀释后） | $1.69 | $-0.26 |
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ADIMRCY
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $232.9M | ||
| Q3 25 | $2.9B | $225.2M | ||
| Q2 25 | $2.6B | $273.1M | ||
| Q1 25 | $2.4B | $211.4M | ||
| Q4 24 | $2.4B | $223.1M | ||
| Q3 24 | $2.3B | $204.4M | ||
| Q2 24 | $2.2B | $248.6M |
净利润ADIMRCY
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $-15.1M | ||
| Q3 25 | $518.5M | $-12.5M | ||
| Q2 25 | $569.8M | $16.4M | ||
| Q1 25 | $391.3M | $-19.2M | ||
| Q4 24 | $478.1M | $-17.6M | ||
| Q3 24 | $392.2M | $-17.5M | ||
| Q2 24 | $302.2M | $-10.8M |
毛利率ADIMRCY
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 26.0% | ||
| Q3 25 | 62.1% | 27.9% | ||
| Q2 25 | 61.0% | 31.0% | ||
| Q1 25 | 59.0% | 27.0% | ||
| Q4 24 | 58.0% | 27.3% | ||
| Q3 24 | 56.7% | 25.3% | ||
| Q2 24 | 54.7% | 29.5% |
营业利润率ADIMRCY
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | -4.6% | ||
| Q3 25 | 28.4% | -3.8% | ||
| Q2 25 | 25.7% | 8.6% | ||
| Q1 25 | 20.3% | -8.2% | ||
| Q4 24 | 23.3% | -5.6% | ||
| Q3 24 | 21.2% | -6.6% | ||
| Q2 24 | 17.9% | -3.2% |
净利率ADIMRCY
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | -6.5% | ||
| Q3 25 | 18.0% | -5.6% | ||
| Q2 25 | 21.6% | 6.0% | ||
| Q1 25 | 16.1% | -9.1% | ||
| Q4 24 | 19.6% | -7.9% | ||
| Q3 24 | 17.0% | -8.6% | ||
| Q2 24 | 14.0% | -4.3% |
每股收益（稀释后）ADIMRCY
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $-0.26 | ||
| Q3 25 | $1.04 | $-0.21 | ||
| Q2 25 | $1.14 | $0.28 | ||
| Q1 25 | $0.78 | $-0.33 | ||
| Q4 24 | $0.95 | $-0.30 | ||
| Q3 24 | $0.79 | $-0.30 | ||
| Q2 24 | $0.61 | $-0.18 |
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 | $335.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $33.8B | $1.5B |
| 总资产 | $48.0B | $2.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADIMRCY
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $335.0M | ||
| Q3 25 | $2.3B | $304.7M | ||
| Q2 25 | $2.4B | $309.1M | ||
| Q1 25 | $2.3B | $269.8M | ||
| Q4 24 | $2.4B | $242.6M | ||
| Q3 24 | $2.1B | $158.1M | ||
| Q2 24 | $2.4B | $180.5M |
股东权益ADIMRCY
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $1.5B | ||
| Q3 25 | $34.1B | $1.5B | ||
| Q2 25 | $35.0B | $1.5B | ||
| Q1 25 | $35.1B | $1.5B | ||
| Q4 24 | $35.2B | $1.5B | ||
| Q3 24 | $35.2B | $1.5B | ||
| Q2 24 | $35.2B | $1.5B |
总资产ADIMRCY
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $2.5B | ||
| Q3 25 | $48.2B | $2.5B | ||
| Q2 25 | $47.3B | $2.4B | ||
| Q1 25 | $48.0B | $2.4B | ||
| Q4 24 | $48.2B | $2.4B | ||
| Q3 24 | $48.6B | $2.4B | ||
| Q2 24 | $48.9B | $2.4B |
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 | $51.6M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $45.7M |
| 自由现金流率自由现金流/营收 | 39.8% | 19.6% |
| 资本支出强度资本支出/营收 | 3.5% | 2.5% |
| 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 | $99.4M |
8季度趋势，按日历期对齐
经营现金流ADIMRCY
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $51.6M | ||
| Q3 25 | $1.2B | $2.2M | ||
| Q2 25 | $819.5M | $38.1M | ||
| Q1 25 | $1.1B | $30.0M | ||
| Q4 24 | $1.1B | $85.5M | ||
| Q3 24 | $855.0M | $-14.7M | ||
| Q2 24 | $807.9M | $71.8M |
自由现金流ADIMRCY
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $45.7M | ||
| Q3 25 | $1.1B | $-4.4M | ||
| Q2 25 | $729.2M | $34.0M | ||
| Q1 25 | $977.8M | $24.1M | ||
| Q4 24 | $885.4M | $81.9M | ||
| Q3 24 | $701.1M | $-20.9M | ||
| Q2 24 | $619.7M | $61.4M |
自由现金流率ADIMRCY
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 19.6% | ||
| Q3 25 | 37.7% | -1.9% | ||
| Q2 25 | 27.6% | 12.4% | ||
| Q1 25 | 40.4% | 11.4% | ||
| Q4 24 | 36.2% | 36.7% | ||
| Q3 24 | 30.3% | -10.2% | ||
| Q2 24 | 28.7% | 24.7% |
资本支出强度ADIMRCY
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 2.5% | ||
| Q3 25 | 2.7% | 2.9% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 6.1% | 2.8% | ||
| Q4 24 | 6.8% | 1.6% | ||
| Q3 24 | 6.7% | 3.1% | ||
| Q2 24 | 8.7% | 4.2% |
现金转化率ADIMRCY
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.44× | 2.33× | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 2.20× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.67× | — |
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% |
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
