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亚德诺半导体（ADI）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
Targa Resources的季度营收约是亚德诺半导体的1.3倍（$4.1B vs $3.2B），亚德诺半导体净利率更高（26.3% vs 13.4%，领先12.9%），亚德诺半导体同比增速更快（30.4% vs -7.9%），亚德诺半导体自由现金流更多（$1.3B vs $542.3M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 0.8%）
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。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
ADI vs TRGP — 直观对比
营收规模更大
TRGP
是对方的1.3倍
$3.2B
营收增速更快
ADI
高出38.4%
-7.9%
净利率更高
ADI
高出12.9%
13.4%
自由现金流更多
ADI
多$716.9M
$542.3M
两年增速更快
ADI
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.1B |
| 净利润 | $830.8M | $545.0M |
| 毛利率 | 64.7% | 43.1% |
| 营业利润率 | 31.5% | 22.6% |
| 净利率 | 26.3% | 13.4% |
| 营收同比 | 30.4% | -7.9% |
| 净利润同比 | 112.3% | 55.3% |
| 每股收益（稀释后） | $1.69 | $2.51 |
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ADITRGP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $4.1B | ||
| Q3 25 | $2.9B | $4.2B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $2.4B | $4.6B | ||
| Q4 24 | $2.4B | $4.4B | ||
| Q3 24 | $2.3B | $3.9B | ||
| Q2 24 | $2.2B | $3.0B |
净利润ADITRGP
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $545.0M | ||
| Q3 25 | $518.5M | $478.4M | ||
| Q2 25 | $569.8M | $629.1M | ||
| Q1 25 | $391.3M | $270.5M | ||
| Q4 24 | $478.1M | $350.9M | ||
| Q3 24 | $392.2M | $387.4M | ||
| Q2 24 | $302.2M | $298.5M |
毛利率ADITRGP
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 43.1% | ||
| Q3 25 | 62.1% | 39.6% | ||
| Q2 25 | 61.0% | 42.8% | ||
| Q1 25 | 59.0% | 28.6% | ||
| Q4 24 | 58.0% | 33.7% | ||
| Q3 24 | 56.7% | 38.6% | ||
| Q2 24 | 54.7% | 27.9% |
营业利润率ADITRGP
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 22.6% | ||
| Q3 25 | 28.4% | 20.2% | ||
| Q2 25 | 25.7% | 24.3% | ||
| Q1 25 | 20.3% | 11.9% | ||
| Q4 24 | 23.3% | 15.9% | ||
| Q3 24 | 21.2% | 18.9% | ||
| Q2 24 | 17.9% | 20.6% |
净利率ADITRGP
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 13.4% | ||
| Q3 25 | 18.0% | 11.5% | ||
| Q2 25 | 21.6% | 14.8% | ||
| Q1 25 | 16.1% | 5.9% | ||
| Q4 24 | 19.6% | 8.0% | ||
| Q3 24 | 17.0% | 10.1% | ||
| Q2 24 | 14.0% | 9.8% |
每股收益（稀释后）ADITRGP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $2.51 | ||
| Q3 25 | $1.04 | $2.20 | ||
| Q2 25 | $1.14 | $2.87 | ||
| Q1 25 | $0.78 | $0.91 | ||
| Q4 24 | $0.95 | $1.44 | ||
| Q3 24 | $0.79 | $1.75 | ||
| Q2 24 | $0.61 | $1.33 |
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 | $166.1M |
| 总债务越低越好 | — | $16.7B |
| 股东权益账面价值 | $33.8B | $3.1B |
| 总资产 | $48.0B | $25.2B |
| 负债/权益比越低杠杆越低 | — | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资ADITRGP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $166.1M | ||
| Q3 25 | $2.3B | $124.1M | ||
| Q2 25 | $2.4B | $113.1M | ||
| Q1 25 | $2.3B | $151.4M | ||
| Q4 24 | $2.4B | $157.3M | ||
| Q3 24 | $2.1B | $127.2M | ||
| Q2 24 | $2.4B | $166.4M |
总债务ADITRGP
| Q1 26 | — | — | ||
| Q4 25 | — | $16.7B | ||
| Q3 25 | — | $16.7B | ||
| Q2 25 | — | $16.1B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $13.8B | ||
| Q3 24 | — | $13.6B | ||
| Q2 24 | — | $13.0B |
股东权益ADITRGP
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $3.1B | ||
| Q3 25 | $34.1B | $2.7B | ||
| Q2 25 | $35.0B | $2.6B | ||
| Q1 25 | $35.1B | $2.5B | ||
| Q4 24 | $35.2B | $2.6B | ||
| Q3 24 | $35.2B | $2.6B | ||
| Q2 24 | $35.2B | $2.5B |
总资产ADITRGP
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $25.2B | ||
| Q3 25 | $48.2B | $24.2B | ||
| Q2 25 | $47.3B | $23.5B | ||
| Q1 25 | $48.0B | $22.8B | ||
| Q4 24 | $48.2B | $22.7B | ||
| Q3 24 | $48.6B | $21.9B | ||
| Q2 24 | $48.9B | $21.3B |
负债/权益比ADITRGP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.43× | ||
| Q3 25 | — | 6.19× | ||
| Q2 25 | — | 6.21× | ||
| Q1 25 | — | 6.34× | ||
| Q4 24 | — | 5.32× | ||
| Q3 24 | — | 5.28× | ||
| Q2 24 | — | 5.25× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $542.3M |
| 自由现金流率自由现金流/营收 | 39.8% | 13.4% |
| 资本支出强度资本支出/营收 | 3.5% | 23.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $584.1M |
8季度趋势，按日历期对齐
经营现金流ADITRGP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.2B | $599.2M | ||
| Q2 25 | $819.5M | $858.3M | ||
| Q1 25 | $1.1B | $954.4M | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $855.0M | $540.9M | ||
| Q2 24 | $807.9M | $904.5M |
自由现金流ADITRGP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $542.3M | ||
| Q3 25 | $1.1B | $-72.6M | ||
| Q2 25 | $729.2M | $-47.8M | ||
| Q1 25 | $977.8M | $162.2M | ||
| Q4 24 | $885.4M | $601.0M | ||
| Q3 24 | $701.1M | $-287.9M | ||
| Q2 24 | $619.7M | $164.2M |
自由现金流率ADITRGP
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 13.4% | ||
| Q3 25 | 37.7% | -1.7% | ||
| Q2 25 | 27.6% | -1.1% | ||
| Q1 25 | 40.4% | 3.6% | ||
| Q4 24 | 36.2% | 13.6% | ||
| Q3 24 | 30.3% | -7.5% | ||
| Q2 24 | 28.7% | 5.4% |
资本支出强度ADITRGP
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 23.8% | ||
| Q3 25 | 2.7% | 16.2% | ||
| Q2 25 | 3.4% | 21.3% | ||
| Q1 25 | 6.1% | 17.4% | ||
| Q4 24 | 6.8% | 16.5% | ||
| Q3 24 | 6.7% | 21.5% | ||
| Q2 24 | 8.7% | 24.3% |
现金转化率ADITRGP
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 2.76× | ||
| Q3 25 | 2.25× | 1.25× | ||
| Q2 25 | 1.44× | 1.36× | ||
| Q1 25 | 2.88× | 3.53× | ||
| Q4 24 | 2.20× | 3.78× | ||
| Q3 24 | 2.18× | 1.40× | ||
| Q2 24 | 2.67× | 3.03× |
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% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
