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亚德诺半导体（ADI）与北极星（PII）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北极星的1.9倍（$3.2B vs $1.7B），亚德诺半导体净利率更高（26.3% vs -2.8%，领先29.1%），亚德诺半导体同比增速更快（30.4% vs 8.0%），亚德诺半导体自由现金流更多（$1.3B vs $-342.5M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
ADI vs PII — 直观对比
营收规模更大
ADI
是对方的1.9倍
$1.7B
营收增速更快
ADI
高出22.4%
8.0%
净利率更高
ADI
高出29.1%
-2.8%
自由现金流更多
ADI
多$1.6B
$-342.5M
两年增速更快
ADI
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $1.7B |
| 净利润 | $830.8M | $-47.2M |
| 毛利率 | 64.7% | 20.2% |
| 营业利润率 | 31.5% | — |
| 净利率 | 26.3% | -2.8% |
| 营收同比 | 30.4% | 8.0% |
| 净利润同比 | 112.3% | 29.2% |
| 每股收益（稀释后） | $1.69 | $-0.83 |
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ADIPII
| Q1 26 | $3.2B | $1.7B | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $2.9B | $1.8B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.2B | $2.0B |
净利润ADIPII
| Q1 26 | $830.8M | $-47.2M | ||
| Q4 25 | $787.7M | $-303.6M | ||
| Q3 25 | $518.5M | $-15.8M | ||
| Q2 25 | $569.8M | $-79.3M | ||
| Q1 25 | $391.3M | $-66.8M | ||
| Q4 24 | $478.1M | $10.6M | ||
| Q3 24 | $392.2M | $27.7M | ||
| Q2 24 | $302.2M | $68.7M |
毛利率ADIPII
| Q1 26 | 64.7% | 20.2% | ||
| Q4 25 | 63.1% | 20.0% | ||
| Q3 25 | 62.1% | 20.7% | ||
| Q2 25 | 61.0% | 19.4% | ||
| Q1 25 | 59.0% | 16.0% | ||
| Q4 24 | 58.0% | 20.4% | ||
| Q3 24 | 56.7% | 20.6% | ||
| Q2 24 | 54.7% | 21.6% |
营业利润率ADIPII
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | -16.7% | ||
| Q3 25 | 28.4% | 1.1% | ||
| Q2 25 | 25.7% | -0.7% | ||
| Q1 25 | 20.3% | -2.4% | ||
| Q4 24 | 23.3% | 3.7% | ||
| Q3 24 | 21.2% | 3.8% | ||
| Q2 24 | 17.9% | 6.1% |
净利率ADIPII
| Q1 26 | 26.3% | -2.8% | ||
| Q4 25 | 25.6% | -15.8% | ||
| Q3 25 | 18.0% | -0.9% | ||
| Q2 25 | 21.6% | -4.3% | ||
| Q1 25 | 16.1% | -4.3% | ||
| Q4 24 | 19.6% | 0.6% | ||
| Q3 24 | 17.0% | 1.6% | ||
| Q2 24 | 14.0% | 3.5% |
每股收益（稀释后）ADIPII
| Q1 26 | $1.69 | $-0.83 | ||
| Q4 25 | $1.60 | $-5.34 | ||
| Q3 25 | $1.04 | $-0.28 | ||
| Q2 25 | $1.14 | $-1.39 | ||
| Q1 25 | $0.78 | $-1.17 | ||
| Q4 24 | $0.95 | $0.18 | ||
| Q3 24 | $0.79 | $0.49 | ||
| Q2 24 | $0.61 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $33.8B | $750.4M |
| 总资产 | $48.0B | $5.2B |
| 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ADIPII
| Q1 26 | $2.9B | $282.0M | ||
| Q4 25 | $3.7B | $138.0M | ||
| Q3 25 | $2.3B | $335.5M | ||
| Q2 25 | $2.4B | $324.3M | ||
| Q1 25 | $2.3B | $291.7M | ||
| Q4 24 | $2.4B | $287.8M | ||
| Q3 24 | $2.1B | $291.3M | ||
| Q2 24 | $2.4B | $322.7M |
总债务ADIPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益ADIPII
| Q1 26 | $33.8B | $750.4M | ||
| Q4 25 | $33.8B | $828.4M | ||
| Q3 25 | $34.1B | $1.1B | ||
| Q2 25 | $35.0B | $1.2B | ||
| Q1 25 | $35.1B | $1.2B | ||
| Q4 24 | $35.2B | $1.3B | ||
| Q3 24 | $35.2B | $1.3B | ||
| Q2 24 | $35.2B | $1.3B |
总资产ADIPII
| Q1 26 | $48.0B | $5.2B | ||
| Q4 25 | $48.0B | $4.9B | ||
| Q3 25 | $48.2B | $5.3B | ||
| Q2 25 | $47.3B | $5.4B | ||
| Q1 25 | $48.0B | $5.5B | ||
| Q4 24 | $48.2B | $5.5B | ||
| Q3 24 | $48.6B | $5.6B | ||
| Q2 24 | $48.9B | $5.7B |
负债/权益比ADIPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-342.5M |
| 自由现金流率自由现金流/营收 | 39.8% | -20.6% |
| 资本支出强度资本支出/营收 | 3.5% | — |
| 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 | $168.0M |
8季度趋势，按日历期对齐
经营现金流ADIPII
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $178.7M | ||
| Q3 25 | $1.2B | $158.8M | ||
| Q2 25 | $819.5M | $320.3M | ||
| Q1 25 | $1.1B | $83.2M | ||
| Q4 24 | $1.1B | $206.3M | ||
| Q3 24 | $855.0M | $21.0M | ||
| Q2 24 | $807.9M | $146.3M |
自由现金流ADIPII
| Q1 26 | $1.3B | $-342.5M | ||
| Q4 25 | $1.5B | $114.0M | ||
| Q3 25 | $1.1B | $116.7M | ||
| Q2 25 | $729.2M | $279.8M | ||
| Q1 25 | $977.8M | $47.6M | ||
| Q4 24 | $885.4M | $137.3M | ||
| Q3 24 | $701.1M | $-32.4M | ||
| Q2 24 | $619.7M | $79.1M |
自由现金流率ADIPII
| Q1 26 | 39.8% | -20.6% | ||
| Q4 25 | 48.3% | 5.9% | ||
| Q3 25 | 37.7% | 6.3% | ||
| Q2 25 | 27.6% | 15.1% | ||
| Q1 25 | 40.4% | 3.1% | ||
| Q4 24 | 36.2% | 7.8% | ||
| Q3 24 | 30.3% | -1.9% | ||
| Q2 24 | 28.7% | 4.0% |
资本支出强度ADIPII
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 3.4% | ||
| Q3 25 | 2.7% | 2.3% | ||
| Q2 25 | 3.4% | 2.2% | ||
| Q1 25 | 6.1% | 2.3% | ||
| Q4 24 | 6.8% | 3.9% | ||
| Q3 24 | 6.7% | 3.1% | ||
| Q2 24 | 8.7% | 3.4% |
现金转化率ADIPII
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 2.20× | 19.46× | ||
| Q3 24 | 2.18× | 0.76× | ||
| Q2 24 | 2.67× | 2.13× |
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% |
PII
暂无分部数据
