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亚德诺半导体（ADI）与美满电子科技（MRVL）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美满电子科技的1.5倍（$3.2B vs $2.1B）。美满电子科技净利率更高（91.7% vs 26.3%，领先65.4%）。美满电子科技同比增速更快（36.8% vs 30.4%）。亚德诺半导体自由现金流更多（$1.3B vs $508.8M）。过去两年亚德诺半导体的营收复合增速更高（21.0% vs 20.6%）
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。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
ADI vs MRVL — 直观对比
营收规模更大
ADI
是对方的1.5倍
$2.1B
营收增速更快
MRVL
高出6.4%
30.4%
净利率更高
MRVL
高出65.4%
26.3%
自由现金流更多
ADI
多$750.4M
$508.8M
两年增速更快
ADI
近两年复合增速
20.6%
损益表 — Q1 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.1B |
| 净利润 | $830.8M | $1.9B |
| 毛利率 | 64.7% | 51.6% |
| 营业利润率 | 31.5% | 17.2% |
| 净利率 | 26.3% | 91.7% |
| 营收同比 | 30.4% | 36.8% |
| 净利润同比 | 112.3% | 381.1% |
| 每股收益（稀释后） | $1.69 | $2.20 |
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ADIMRVL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.2B | $1.2B |
净利润ADIMRVL
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $1.9B | ||
| Q3 25 | $518.5M | $194.8M | ||
| Q2 25 | $569.8M | $177.9M | ||
| Q1 25 | $391.3M | $200.2M | ||
| Q4 24 | $478.1M | $-676.3M | ||
| Q3 24 | $392.2M | $-193.3M | ||
| Q2 24 | $302.2M | $-215.6M |
毛利率ADIMRVL
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 51.6% | ||
| Q3 25 | 62.1% | 50.4% | ||
| Q2 25 | 61.0% | 50.3% | ||
| Q1 25 | 59.0% | 50.5% | ||
| Q4 24 | 58.0% | 23.0% | ||
| Q3 24 | 56.7% | 46.2% | ||
| Q2 24 | 54.7% | 45.5% |
营业利润率ADIMRVL
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 17.2% | ||
| Q3 25 | 28.4% | 14.5% | ||
| Q2 25 | 25.7% | 14.3% | ||
| Q1 25 | 20.3% | 12.9% | ||
| Q4 24 | 23.3% | -46.4% | ||
| Q3 24 | 21.2% | -7.9% | ||
| Q2 24 | 17.9% | -13.1% |
净利率ADIMRVL
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 91.7% | ||
| Q3 25 | 18.0% | 9.7% | ||
| Q2 25 | 21.6% | 9.4% | ||
| Q1 25 | 16.1% | 11.0% | ||
| Q4 24 | 19.6% | -44.6% | ||
| Q3 24 | 17.0% | -15.2% | ||
| Q2 24 | 14.0% | -18.6% |
每股收益（稀释后）ADIMRVL
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $2.20 | ||
| Q3 25 | $1.04 | $0.22 | ||
| Q2 25 | $1.14 | $0.20 | ||
| Q1 25 | $0.78 | $0.23 | ||
| Q4 24 | $0.95 | $-0.78 | ||
| Q3 24 | $0.79 | $-0.22 | ||
| Q2 24 | $0.61 | $-0.25 |
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 | $2.7B |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $33.8B | $14.1B |
| 总资产 | $48.0B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资ADIMRVL
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.4B | $885.9M | ||
| Q1 25 | $2.3B | $948.3M | ||
| Q4 24 | $2.4B | $868.1M | ||
| Q3 24 | $2.1B | $808.7M | ||
| Q2 24 | $2.4B | $847.7M |
总债务ADIMRVL
| Q1 26 | — | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益ADIMRVL
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $14.1B | ||
| Q3 25 | $34.1B | $13.4B | ||
| Q2 25 | $35.0B | $13.3B | ||
| Q1 25 | $35.1B | $13.4B | ||
| Q4 24 | $35.2B | $13.4B | ||
| Q3 24 | $35.2B | $14.2B | ||
| Q2 24 | $35.2B | $14.5B |
总资产ADIMRVL
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $21.6B | ||
| Q3 25 | $48.2B | $20.6B | ||
| Q2 25 | $47.3B | $20.0B | ||
| Q1 25 | $48.0B | $20.2B | ||
| Q4 24 | $48.2B | $19.7B | ||
| Q3 24 | $48.6B | $20.3B | ||
| Q2 24 | $48.9B | $20.5B |
负债/权益比ADIMRVL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× |
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 | $582.3M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $508.8M |
| 自由现金流率自由现金流/营收 | 39.8% | 24.5% |
| 资本支出强度资本支出/营收 | 3.5% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.31× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.6B |
8季度趋势，按日历期对齐
经营现金流ADIMRVL
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $582.3M | ||
| Q3 25 | $1.2B | $461.6M | ||
| Q2 25 | $819.5M | $332.9M | ||
| Q1 25 | $1.1B | $514.0M | ||
| Q4 24 | $1.1B | $536.3M | ||
| Q3 24 | $855.0M | $306.4M | ||
| Q2 24 | $807.9M | $324.5M |
自由现金流ADIMRVL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $508.8M | ||
| Q3 25 | $1.1B | $414.1M | ||
| Q2 25 | $729.2M | $214.1M | ||
| Q1 25 | $977.8M | $444.1M | ||
| Q4 24 | $885.4M | $461.3M | ||
| Q3 24 | $701.1M | $258.2M | ||
| Q2 24 | $619.7M | $233.0M |
自由现金流率ADIMRVL
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 24.5% | ||
| Q3 25 | 37.7% | 20.6% | ||
| Q2 25 | 27.6% | 11.3% | ||
| Q1 25 | 40.4% | 24.4% | ||
| Q4 24 | 36.2% | 30.4% | ||
| Q3 24 | 30.3% | 20.3% | ||
| Q2 24 | 28.7% | 20.1% |
资本支出强度ADIMRVL
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 3.5% | ||
| Q3 25 | 2.7% | 2.4% | ||
| Q2 25 | 3.4% | 6.3% | ||
| Q1 25 | 6.1% | 3.8% | ||
| Q4 24 | 6.8% | 4.9% | ||
| Q3 24 | 6.7% | 3.8% | ||
| Q2 24 | 8.7% | 7.9% |
现金转化率ADIMRVL
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 0.31× | ||
| Q3 25 | 2.25× | 2.37× | ||
| Q2 25 | 1.44× | 1.87× | ||
| Q1 25 | 2.88× | 2.57× | ||
| 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% |
MRVL
暂无分部数据
