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亚德诺半导体（ADI）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是亚德诺半导体的1.2倍（$3.8B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 1.4%，领先24.9%），亚德诺半导体同比增速更快（30.4% vs 0.1%），亚德诺半导体自由现金流更多（$1.3B vs $155.3M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
ADI vs SWK — 直观对比
营收规模更大
SWK
是对方的1.2倍
$3.2B
营收增速更快
ADI
高出30.3%
0.1%
净利率更高
ADI
高出24.9%
1.4%
自由现金流更多
ADI
多$1.1B
$155.3M
两年增速更快
ADI
近两年复合增速
0.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.8B |
| 净利润 | $830.8M | $51.4M |
| 毛利率 | 64.7% | 31.4% |
| 营业利润率 | 31.5% | — |
| 净利率 | 26.3% | 1.4% |
| 营收同比 | 30.4% | 0.1% |
| 净利润同比 | 112.3% | -43.6% |
| 每股收益（稀释后） | $1.69 | $0.34 |
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ADISWK
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.9B | $3.8B | ||
| Q2 25 | $2.6B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $3.7B | ||
| Q3 24 | $2.3B | $3.8B | ||
| Q2 24 | $2.2B | $4.0B |
净利润ADISWK
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | — | ||
| Q3 25 | $518.5M | $51.4M | ||
| Q2 25 | $569.8M | $101.9M | ||
| Q1 25 | $391.3M | $90.4M | ||
| Q4 24 | $478.1M | $194.9M | ||
| Q3 24 | $392.2M | $91.1M | ||
| Q2 24 | $302.2M | $-11.2M |
毛利率ADISWK
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | 31.4% | ||
| Q2 25 | 61.0% | 27.0% | ||
| Q1 25 | 59.0% | 29.9% | ||
| Q4 24 | 58.0% | 30.8% | ||
| Q3 24 | 56.7% | 29.9% | ||
| Q2 24 | 54.7% | 28.4% |
营业利润率ADISWK
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 23.3% | 3.4% | ||
| Q3 24 | 21.2% | 10.6% | ||
| Q2 24 | 17.9% | 9.5% |
净利率ADISWK
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | — | ||
| Q3 25 | 18.0% | 1.4% | ||
| Q2 25 | 21.6% | 2.6% | ||
| Q1 25 | 16.1% | 2.4% | ||
| Q4 24 | 19.6% | 5.2% | ||
| Q3 24 | 17.0% | 2.4% | ||
| Q2 24 | 14.0% | -0.3% |
每股收益（稀释后）ADISWK
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $1.04 | $0.34 | ||
| Q2 25 | $1.14 | $0.67 | ||
| Q1 25 | $0.78 | $0.60 | ||
| Q4 24 | $0.95 | $1.29 | ||
| Q3 24 | $0.79 | $0.60 | ||
| Q2 24 | $0.61 | $-0.07 |
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 | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $33.8B | $9.0B |
| 总资产 | $48.0B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资ADISWK
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.3B | $268.3M | ||
| Q2 25 | $2.4B | $311.8M | ||
| Q1 25 | $2.3B | $344.8M | ||
| Q4 24 | $2.4B | $290.5M | ||
| Q3 24 | $2.1B | $298.7M | ||
| Q2 24 | $2.4B | $318.5M |
总债务ADISWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
股东权益ADISWK
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | — | ||
| Q3 25 | $34.1B | $9.0B | ||
| Q2 25 | $35.0B | $9.1B | ||
| Q1 25 | $35.1B | $8.8B | ||
| Q4 24 | $35.2B | $8.7B | ||
| Q3 24 | $35.2B | $8.9B | ||
| Q2 24 | $35.2B | $8.7B |
总资产ADISWK
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | — | ||
| Q3 25 | $48.2B | $21.8B | ||
| Q2 25 | $47.3B | $22.5B | ||
| Q1 25 | $48.0B | $22.5B | ||
| Q4 24 | $48.2B | $21.8B | ||
| Q3 24 | $48.6B | $22.5B | ||
| Q2 24 | $48.9B | $22.5B |
负债/权益比ADISWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $155.3M |
| 自由现金流率自由现金流/营收 | 39.8% | 4.1% |
| 资本支出强度资本支出/营收 | 3.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $369.6M |
8季度趋势，按日历期对齐
经营现金流ADISWK
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.2B | $221.2M | ||
| Q2 25 | $819.5M | $214.3M | ||
| Q1 25 | $1.1B | $-420.0M | ||
| Q4 24 | $1.1B | $679.1M | ||
| Q3 24 | $855.0M | $285.8M | ||
| Q2 24 | $807.9M | $573.0M |
自由现金流ADISWK
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | $155.3M | ||
| Q2 25 | $729.2M | $134.7M | ||
| Q1 25 | $977.8M | $-485.0M | ||
| Q4 24 | $885.4M | $564.6M | ||
| Q3 24 | $701.1M | $199.3M | ||
| Q2 24 | $619.7M | $485.8M |
自由现金流率ADISWK
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | — | ||
| Q3 25 | 37.7% | 4.1% | ||
| Q2 25 | 27.6% | 3.4% | ||
| Q1 25 | 40.4% | -13.0% | ||
| Q4 24 | 36.2% | 15.2% | ||
| Q3 24 | 30.3% | 5.3% | ||
| Q2 24 | 28.7% | 12.1% |
资本支出强度ADISWK
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 2.7% | 1.8% | ||
| Q2 25 | 3.4% | 2.0% | ||
| Q1 25 | 6.1% | 1.7% | ||
| Q4 24 | 6.8% | 3.1% | ||
| Q3 24 | 6.7% | 2.3% | ||
| Q2 24 | 8.7% | 2.2% |
现金转化率ADISWK
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.25× | 4.30× | ||
| Q2 25 | 1.44× | 2.10× | ||
| Q1 25 | 2.88× | -4.65× | ||
| Q4 24 | 2.20× | 3.48× | ||
| Q3 24 | 2.18× | 3.14× | ||
| 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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
