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亚德诺半导体（ADI）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是亚德诺半导体的1.2倍（$3.7B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 20.4%，领先5.9%），亚德诺半导体同比增速更快（30.4% vs 7.5%），道富集团自由现金流更多（$9.8B vs $1.3B），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 8.1%）
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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
ADI vs STT — 直观对比
营收规模更大
STT
是对方的1.2倍
$3.2B
营收增速更快
ADI
高出22.9%
7.5%
净利率更高
ADI
高出5.9%
20.4%
自由现金流更多
STT
多$8.5B
$1.3B
两年增速更快
ADI
近两年复合增速
8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.7B |
| 净利润 | $830.8M | $747.0M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 25.0% |
| 净利率 | 26.3% | 20.4% |
| 营收同比 | 30.4% | 7.5% |
| 净利润同比 | 112.3% | -4.6% |
| 每股收益（稀释后） | $1.69 | $2.41 |
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ADISTT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $3.7B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.6B | $3.4B | ||
| Q1 25 | $2.4B | $3.3B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.3B | $3.3B | ||
| Q2 24 | $2.2B | $3.2B |
净利润ADISTT
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $747.0M | ||
| Q3 25 | $518.5M | $861.0M | ||
| Q2 25 | $569.8M | $693.0M | ||
| Q1 25 | $391.3M | $644.0M | ||
| Q4 24 | $478.1M | $783.0M | ||
| Q3 24 | $392.2M | $730.0M | ||
| Q2 24 | $302.2M | $711.0M |
毛利率ADISTT
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | — |
营业利润率ADISTT
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 25.0% | ||
| Q3 25 | 28.4% | 31.1% | ||
| Q2 25 | 25.7% | 25.8% | ||
| Q1 25 | 20.3% | 25.0% | ||
| Q4 24 | 23.3% | 28.1% | ||
| Q3 24 | 21.2% | 28.4% | ||
| Q2 24 | 17.9% | 28.6% |
净利率ADISTT
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 20.4% | ||
| Q3 25 | 18.0% | 24.3% | ||
| Q2 25 | 21.6% | 20.1% | ||
| Q1 25 | 16.1% | 19.6% | ||
| Q4 24 | 19.6% | 22.9% | ||
| Q3 24 | 17.0% | 22.4% | ||
| Q2 24 | 14.0% | 22.3% |
每股收益（稀释后）ADISTT
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $2.41 | ||
| Q3 25 | $1.04 | $2.78 | ||
| Q2 25 | $1.14 | $2.17 | ||
| Q1 25 | $0.78 | $2.04 | ||
| Q4 24 | $0.95 | $2.43 | ||
| Q3 24 | $0.79 | $2.26 | ||
| Q2 24 | $0.61 | $2.15 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $33.8B | $27.8B |
| 总资产 | $48.0B | $366.0B |
| 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ADISTT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.4B | — |
股东权益ADISTT
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $27.8B | ||
| Q3 25 | $34.1B | $27.6B | ||
| Q2 25 | $35.0B | $27.3B | ||
| Q1 25 | $35.1B | $26.7B | ||
| Q4 24 | $35.2B | $25.3B | ||
| Q3 24 | $35.2B | $25.8B | ||
| Q2 24 | $35.2B | $24.8B |
总资产ADISTT
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $366.0B | ||
| Q3 25 | $48.2B | $371.1B | ||
| Q2 25 | $47.3B | $376.7B | ||
| Q1 25 | $48.0B | $372.7B | ||
| Q4 24 | $48.2B | $353.2B | ||
| Q3 24 | $48.6B | $338.5B | ||
| Q2 24 | $48.9B | $325.6B |
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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $9.8B |
| 自由现金流率自由现金流/营收 | 39.8% | 266.6% |
| 资本支出强度资本支出/营收 | 3.5% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $10.8B |
8季度趋势，按日历期对齐
经营现金流ADISTT
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $10.0B | ||
| Q3 25 | $1.2B | $7.9B | ||
| Q2 25 | $819.5M | $-8.4B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $-7.4B | ||
| Q3 24 | $855.0M | $2.7B | ||
| Q2 24 | $807.9M | $-7.6B |
自由现金流ADISTT
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $9.8B | ||
| Q3 25 | $1.1B | $7.7B | ||
| Q2 25 | $729.2M | $-8.8B | ||
| Q1 25 | $977.8M | $2.2B | ||
| Q4 24 | $885.4M | $-7.7B | ||
| Q3 24 | $701.1M | $2.5B | ||
| Q2 24 | $619.7M | $-7.9B |
自由现金流率ADISTT
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 266.6% | ||
| Q3 25 | 37.7% | 216.0% | ||
| Q2 25 | 27.6% | -254.1% | ||
| Q1 25 | 40.4% | 66.1% | ||
| Q4 24 | 36.2% | -225.1% | ||
| Q3 24 | 30.3% | 75.9% | ||
| Q2 24 | 28.7% | -246.2% |
资本支出强度ADISTT
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 7.3% | ||
| Q3 25 | 2.7% | 6.9% | ||
| Q2 25 | 3.4% | 9.3% | ||
| Q1 25 | 6.1% | 6.9% | ||
| Q4 24 | 6.8% | 7.3% | ||
| Q3 24 | 6.7% | 7.2% | ||
| Q2 24 | 8.7% | 6.7% |
现金转化率ADISTT
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 13.44× | ||
| Q3 25 | 2.25× | 9.18× | ||
| Q2 25 | 1.44× | -12.18× | ||
| Q1 25 | 2.88× | 3.72× | ||
| Q4 24 | 2.20× | -9.49× | ||
| Q3 24 | 2.18× | 3.71× | ||
| Q2 24 | 2.67× | -10.75× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
