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Astera Labs, Inc.（ALAB）与美满电子科技（MRVL）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是Astera Labs, Inc.的7.7倍（$2.1B vs $270.6M）。美满电子科技净利率更高（91.7% vs 16.6%，领先75.0%）。Astera Labs, Inc.同比增速更快（91.8% vs 36.8%）。美满电子科技自由现金流更多（$508.8M vs $76.6M）。过去两年Astera Labs, Inc.的营收复合增速更高（103.6% vs 20.6%）
Astera Labs Inc.是总部位于美国的无晶圆厂半导体及人工智能企业，专注于为数据中心与人工智能基础设施研发高性能高速连接解决方案，于2024年3月在纳斯达克正式挂牌上市。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
ALAB vs MRVL — 直观对比
营收规模更大
MRVL
是对方的7.7倍
$270.6M
营收增速更快
ALAB
高出54.9%
36.8%
净利率更高
MRVL
高出75.0%
16.6%
自由现金流更多
MRVL
多$432.2M
$76.6M
两年增速更快
ALAB
近两年复合增速
20.6%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $270.6M | $2.1B |
| 净利润 | $45.0M | $1.9B |
| 毛利率 | 75.6% | 51.6% |
| 营业利润率 | 24.7% | 17.2% |
| 净利率 | 16.6% | 91.7% |
| 营收同比 | 91.8% | 36.8% |
| 净利润同比 | 82.0% | 381.1% |
| 每股收益（稀释后） | $0.25 | $2.20 |
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ALABMRVL
| Q4 25 | $270.6M | $2.1B | ||
| Q3 25 | $230.6M | $2.0B | ||
| Q2 25 | $191.9M | $1.9B | ||
| Q1 25 | $159.4M | $1.8B | ||
| Q4 24 | $141.1M | $1.5B | ||
| Q3 24 | $113.1M | $1.3B | ||
| Q2 24 | $76.8M | $1.2B | ||
| Q1 24 | $65.3M | $1.4B |
净利润ALABMRVL
| Q4 25 | $45.0M | $1.9B | ||
| Q3 25 | $91.1M | $194.8M | ||
| Q2 25 | $51.2M | $177.9M | ||
| Q1 25 | $31.8M | $200.2M | ||
| Q4 24 | $24.7M | $-676.3M | ||
| Q3 24 | $-7.6M | $-193.3M | ||
| Q2 24 | $-7.5M | $-215.6M | ||
| Q1 24 | $-93.0M | $-392.7M |
毛利率ALABMRVL
| Q4 25 | 75.6% | 51.6% | ||
| Q3 25 | 76.2% | 50.4% | ||
| Q2 25 | 75.8% | 50.3% | ||
| Q1 25 | 74.9% | 50.5% | ||
| Q4 24 | 74.0% | 23.0% | ||
| Q3 24 | 77.7% | 46.2% | ||
| Q2 24 | 77.9% | 45.5% | ||
| Q1 24 | 77.4% | 46.6% |
营业利润率ALABMRVL
| Q4 25 | 24.7% | 17.2% | ||
| Q3 25 | 24.0% | 14.5% | ||
| Q2 25 | 20.7% | 14.3% | ||
| Q1 25 | 7.1% | 12.9% | ||
| Q4 24 | 0.1% | -46.4% | ||
| Q3 24 | -7.9% | -7.9% | ||
| Q2 24 | -31.7% | -13.1% | ||
| Q1 24 | -127.1% | -2.3% |
净利率ALABMRVL
| Q4 25 | 16.6% | 91.7% | ||
| Q3 25 | 39.5% | 9.7% | ||
| Q2 25 | 26.7% | 9.4% | ||
| Q1 25 | 20.0% | 11.0% | ||
| Q4 24 | 17.5% | -44.6% | ||
| Q3 24 | -6.7% | -15.2% | ||
| Q2 24 | -9.8% | -18.6% | ||
| Q1 24 | -142.5% | -27.5% |
每股收益（稀释后）ALABMRVL
| Q4 25 | $0.25 | $2.20 | ||
| Q3 25 | $0.50 | $0.22 | ||
| Q2 25 | $0.29 | $0.20 | ||
| Q1 25 | $0.18 | $0.23 | ||
| Q4 24 | $1.23 | $-0.78 | ||
| Q3 24 | $-0.05 | $-0.22 | ||
| Q2 24 | $-0.05 | $-0.25 | ||
| Q1 24 | $-1.77 | $-0.45 |
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 | $167.6M | $2.7B |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $1.4B | $14.1B |
| 总资产 | $1.5B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资ALABMRVL
| Q4 25 | $167.6M | $2.7B | ||
| Q3 25 | $140.4M | $1.2B | ||
| Q2 25 | $162.3M | $885.9M | ||
| Q1 25 | $86.4M | $948.3M | ||
| Q4 24 | $79.6M | $868.1M | ||
| Q3 24 | $126.1M | $808.7M | ||
| Q2 24 | $421.1M | $847.7M | ||
| Q1 24 | $696.1M | $950.8M |
总债务ALABMRVL
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.2B |
股东权益ALABMRVL
| Q4 25 | $1.4B | $14.1B | ||
| Q3 25 | $1.3B | $13.4B | ||
| Q2 25 | $1.1B | $13.3B | ||
| Q1 25 | $1.0B | $13.4B | ||
| Q4 24 | $964.8M | $13.4B | ||
| Q3 24 | $889.6M | $14.2B | ||
| Q2 24 | $845.3M | $14.5B | ||
| Q1 24 | $808.8M | $14.8B |
总资产ALABMRVL
| Q4 25 | $1.5B | $21.6B | ||
| Q3 25 | $1.4B | $20.6B | ||
| Q2 25 | $1.3B | $20.0B | ||
| Q1 25 | $1.1B | $20.2B | ||
| Q4 24 | $1.1B | $19.7B | ||
| Q3 24 | $983.1M | $20.3B | ||
| Q2 24 | $915.5M | $20.5B | ||
| Q1 24 | $864.9M | $21.2B |
负债/权益比ALABMRVL
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.28× |
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 | $95.3M | $582.3M |
| 自由现金流经营现金流 - 资本支出 | $76.6M | $508.8M |
| 自由现金流率自由现金流/营收 | 28.3% | 24.5% |
| 资本支出强度资本支出/营收 | 6.9% | 3.5% |
| 现金转化率经营现金流/净利润 | 2.12× | 0.31× |
| 过去12个月自由现金流最近4个季度 | $281.8M | $1.6B |
8季度趋势，按日历期对齐
经营现金流ALABMRVL
| Q4 25 | $95.3M | $582.3M | ||
| Q3 25 | $78.2M | $461.6M | ||
| Q2 25 | $135.4M | $332.9M | ||
| Q1 25 | $10.5M | $514.0M | ||
| Q4 24 | $39.7M | $536.3M | ||
| Q3 24 | $63.5M | $306.4M | ||
| Q2 24 | $29.8M | $324.5M | ||
| Q1 24 | $3.7M | $546.6M |
自由现金流ALABMRVL
| Q4 25 | $76.6M | $508.8M | ||
| Q3 25 | $65.9M | $414.1M | ||
| Q2 25 | $133.3M | $214.1M | ||
| Q1 25 | $6.0M | $444.1M | ||
| Q4 24 | $24.3M | $461.3M | ||
| Q3 24 | $46.8M | $258.2M | ||
| Q2 24 | $28.5M | $233.0M | ||
| Q1 24 | $228.0K | $475.6M |
自由现金流率ALABMRVL
| Q4 25 | 28.3% | 24.5% | ||
| Q3 25 | 28.6% | 20.6% | ||
| Q2 25 | 69.5% | 11.3% | ||
| Q1 25 | 3.7% | 24.4% | ||
| Q4 24 | 17.2% | 30.4% | ||
| Q3 24 | 41.4% | 20.3% | ||
| Q2 24 | 37.1% | 20.1% | ||
| Q1 24 | 0.3% | 33.3% |
资本支出强度ALABMRVL
| Q4 25 | 6.9% | 3.5% | ||
| Q3 25 | 5.3% | 2.4% | ||
| Q2 25 | 1.1% | 6.3% | ||
| Q1 25 | 2.8% | 3.8% | ||
| Q4 24 | 10.9% | 4.9% | ||
| Q3 24 | 14.8% | 3.8% | ||
| Q2 24 | 1.7% | 7.9% | ||
| Q1 24 | 5.2% | 5.0% |
现金转化率ALABMRVL
| Q4 25 | 2.12× | 0.31× | ||
| Q3 25 | 0.86× | 2.37× | ||
| Q2 25 | 2.64× | 1.87× | ||
| Q1 25 | 0.33× | 2.57× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
