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亚德诺半导体（ADI）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies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 19.1%，领先7.2%），亚德诺半导体同比增速更快（30.4% vs 12.7%），亚德诺半导体自由现金流更多（$1.3B vs $-379.0M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 7.3%）
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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
ADI vs WMB — 直观对比
营收规模更大
WMB
是对方的1.2倍
$3.2B
营收增速更快
ADI
高出17.8%
12.7%
净利率更高
ADI
高出7.2%
19.1%
自由现金流更多
ADI
多$1.6B
$-379.0M
两年增速更快
ADI
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.8B |
| 净利润 | $830.8M | $734.0M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 31.5% | 27.3% |
| 净利率 | 26.3% | 19.1% |
| 营收同比 | 30.4% | 12.7% |
| 净利润同比 | 112.3% | 51.0% |
| 每股收益（稀释后） | $1.69 | $0.60 |
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ADIWMB
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.6B | $3.4B | ||
| Q1 25 | $2.4B | $4.2B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.3B | $3.0B | ||
| Q2 24 | $2.2B | $2.8B |
净利润ADIWMB
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $734.0M | ||
| Q3 25 | $518.5M | $647.0M | ||
| Q2 25 | $569.8M | $546.0M | ||
| Q1 25 | $391.3M | $691.0M | ||
| Q4 24 | $478.1M | $486.0M | ||
| Q3 24 | $392.2M | $706.0M | ||
| Q2 24 | $302.2M | $401.0M |
毛利率ADIWMB
| 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ADIWMB
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 27.3% | ||
| Q3 25 | 28.4% | 31.8% | ||
| Q2 25 | 25.7% | 28.0% | ||
| Q1 25 | 20.3% | 26.1% | ||
| Q4 24 | 23.3% | 23.2% | ||
| Q3 24 | 21.2% | 27.6% | ||
| Q2 24 | 17.9% | 24.4% |
净利率ADIWMB
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 19.1% | ||
| Q3 25 | 18.0% | 18.5% | ||
| Q2 25 | 21.6% | 16.2% | ||
| Q1 25 | 16.1% | 16.5% | ||
| Q4 24 | 19.6% | 14.2% | ||
| Q3 24 | 17.0% | 23.3% | ||
| Q2 24 | 14.0% | 14.1% |
每股收益（稀释后）ADIWMB
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $0.60 | ||
| Q3 25 | $1.04 | $0.53 | ||
| Q2 25 | $1.14 | $0.45 | ||
| Q1 25 | $0.78 | $0.56 | ||
| Q4 24 | $0.95 | $0.39 | ||
| Q3 24 | $0.79 | $0.58 | ||
| Q2 24 | $0.61 | $0.33 |
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 | — |
| 总债务越低越好 | — | $27.3B |
| 股东权益账面价值 | $33.8B | $12.8B |
| 总资产 | $48.0B | $58.6B |
| 负债/权益比越低杠杆越低 | — | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资ADIWMB
| 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 | — |
总债务ADIWMB
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | — | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B |
股东权益ADIWMB
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $12.8B | ||
| Q3 25 | $34.1B | $12.5B | ||
| Q2 25 | $35.0B | $12.4B | ||
| Q1 25 | $35.1B | $12.5B | ||
| Q4 24 | $35.2B | $12.4B | ||
| Q3 24 | $35.2B | $12.4B | ||
| Q2 24 | $35.2B | $12.3B |
总资产ADIWMB
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $58.6B | ||
| Q3 25 | $48.2B | $55.7B | ||
| Q2 25 | $47.3B | $56.1B | ||
| Q1 25 | $48.0B | $54.9B | ||
| Q4 24 | $48.2B | $54.5B | ||
| Q3 24 | $48.6B | $53.8B | ||
| Q2 24 | $48.9B | $52.4B |
负债/权益比ADIWMB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-379.0M |
| 自由现金流率自由现金流/营收 | 39.8% | -9.9% |
| 资本支出强度资本支出/营收 | 3.5% | 50.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.0B |
8季度趋势，按日历期对齐
经营现金流ADIWMB
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $819.5M | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $855.0M | $1.2B | ||
| Q2 24 | $807.9M | $1.3B |
自由现金流ADIWMB
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $-379.0M | ||
| Q3 25 | $1.1B | $485.0M | ||
| Q2 25 | $729.2M | $478.0M | ||
| Q1 25 | $977.8M | $421.0M | ||
| Q4 24 | $885.4M | $450.0M | ||
| Q3 24 | $701.1M | $561.0M | ||
| Q2 24 | $619.7M | $700.0M |
自由现金流率ADIWMB
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | -9.9% | ||
| Q3 25 | 37.7% | 13.9% | ||
| Q2 25 | 27.6% | 14.2% | ||
| Q1 25 | 40.4% | 10.1% | ||
| Q4 24 | 36.2% | 13.2% | ||
| Q3 24 | 30.3% | 18.5% | ||
| Q2 24 | 28.7% | 24.6% |
资本支出强度ADIWMB
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 50.9% | ||
| Q3 25 | 2.7% | 27.3% | ||
| Q2 25 | 3.4% | 28.8% | ||
| Q1 25 | 6.1% | 24.2% | ||
| Q4 24 | 6.8% | 22.5% | ||
| Q3 24 | 6.7% | 22.5% | ||
| Q2 24 | 8.7% | 20.3% |
现金转化率ADIWMB
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 2.15× | ||
| Q3 25 | 2.25× | 2.22× | ||
| Q2 25 | 1.44× | 2.66× | ||
| Q1 25 | 2.88× | 2.07× | ||
| Q4 24 | 2.20× | 2.51× | ||
| Q3 24 | 2.18× | 1.76× | ||
| Q2 24 | 2.67× | 3.19× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
