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阿卡迈（AKAM）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
阿卡迈的季度营收约是MACOM Technology Solutions Holdings, Inc.的4.0倍（$1.1B vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 7.8%，领先10.2%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 7.4%），阿卡迈自由现金流更多（$234.9M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 5.3%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
AKAM vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $271.6M |
| 净利润 | $85.1M | $48.8M |
| 毛利率 | 58.7% | 55.9% |
| 营业利润率 | 8.7% | 15.9% |
| 净利率 | 7.8% | 18.0% |
| 营收同比 | 7.4% | 24.5% |
| 净利润同比 | -39.2% | 129.1% |
| 每股收益（稀释后） | $0.57 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $1.1B | $261.2M | ||
| Q3 25 | $1.1B | $252.1M | ||
| Q2 25 | $1.0B | $235.9M | ||
| Q1 25 | $1.0B | $218.1M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $200.7M | ||
| Q2 24 | $979.6M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $85.1M | $45.1M | ||
| Q3 25 | $140.2M | $36.5M | ||
| Q2 25 | $103.6M | $31.7M | ||
| Q1 25 | $123.2M | $-167.5M | ||
| Q4 24 | $139.9M | — | ||
| Q3 24 | $57.9M | $29.4M | ||
| Q2 24 | $131.7M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | 58.7% | 54.5% | ||
| Q3 25 | 59.3% | 55.3% | ||
| Q2 25 | 59.1% | 55.2% | ||
| Q1 25 | 58.7% | 53.7% | ||
| Q4 24 | 59.4% | — | ||
| Q3 24 | 59.3% | 54.7% | ||
| Q2 24 | 58.9% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 8.7% | 15.2% | ||
| Q3 25 | 15.7% | 14.9% | ||
| Q2 25 | 14.5% | 14.8% | ||
| Q1 25 | 15.2% | 8.0% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 7.0% | 13.7% | ||
| Q2 24 | 15.1% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 7.8% | 17.3% | ||
| Q3 25 | 13.3% | 14.5% | ||
| Q2 25 | 9.9% | 13.4% | ||
| Q1 25 | 12.1% | -76.8% | ||
| Q4 24 | 13.7% | — | ||
| Q3 24 | 5.8% | 14.7% | ||
| Q2 24 | 13.4% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.57 | $0.67 | ||
| Q3 25 | $0.97 | $0.48 | ||
| Q2 25 | $0.71 | $0.42 | ||
| Q1 25 | $0.82 | $-2.30 | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.38 | $0.40 | ||
| Q2 24 | $0.86 | $0.27 |
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 | $1.2B | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $1.4B |
| 总资产 | $11.5B | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $1.2B | $786.0M | ||
| Q3 25 | $1.1B | $735.2M | ||
| Q2 25 | $966.6M | $681.5M | ||
| Q1 25 | $1.3B | $656.5M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | $581.9M | ||
| Q2 24 | $1.6B | $521.5M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $5.0B | $1.3B | ||
| Q3 25 | $4.7B | $1.3B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.8B | $1.1B | ||
| Q2 24 | $4.8B | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $11.5B | $2.1B | ||
| Q3 25 | $10.8B | $2.0B | ||
| Q2 25 | $10.5B | $1.9B | ||
| Q1 25 | $10.0B | $1.8B | ||
| Q4 24 | $10.4B | — | ||
| Q3 24 | $10.2B | $1.8B | ||
| Q2 24 | $10.1B | $1.7B |
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 | $366.6M | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | $30.0M |
| 自由现金流率自由现金流/营收 | 21.5% | 11.0% |
| 资本支出强度资本支出/营收 | 12.0% | 4.8% |
| 现金转化率经营现金流/净利润 | 4.31× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $366.6M | $69.6M | ||
| Q3 25 | $441.8M | $60.4M | ||
| Q2 25 | $459.1M | $38.7M | ||
| Q1 25 | $251.2M | $66.7M | ||
| Q4 24 | $343.8M | — | ||
| Q3 24 | $392.5M | $62.3M | ||
| Q2 24 | $431.0M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $234.9M | $49.4M | ||
| Q3 25 | $329.1M | $51.6M | ||
| Q2 25 | $313.6M | $30.5M | ||
| Q1 25 | $133.4M | $61.3M | ||
| Q4 24 | $250.9M | — | ||
| Q3 24 | $279.7M | $57.1M | ||
| Q2 24 | $340.0M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 21.5% | 18.9% | ||
| Q3 25 | 31.2% | 20.5% | ||
| Q2 25 | 30.1% | 12.9% | ||
| Q1 25 | 13.1% | 28.1% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.8% | 28.5% | ||
| Q2 24 | 34.7% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 12.0% | 7.7% | ||
| Q3 25 | 10.7% | 3.5% | ||
| Q2 25 | 13.9% | 3.5% | ||
| Q1 25 | 11.6% | 2.4% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 11.2% | 2.6% | ||
| Q2 24 | 9.3% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 4.31× | 1.54× | ||
| Q3 25 | 3.15× | 1.65× | ||
| Q2 25 | 4.43× | 1.22× | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 6.78× | 2.12× | ||
| Q2 24 | 3.27× | 2.46× |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
