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艾里逊变速箱控股公司（ALSN）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是艾里逊变速箱控股公司的1.4倍（$1.0B vs $737.0M），艾里逊变速箱控股公司净利率更高（13.4% vs 7.6%，领先5.8%），思佳讯同比增速更快（8.6% vs -7.4%），思佳讯自由现金流更多（$339.0M vs $169.0M），过去两年思佳讯的营收复合增速更高（-0.5% vs -3.4%）
艾里逊变速箱控股公司是美国商用自动变速箱及混合动力推进系统生产商，产品获全球250余家整车厂商指定采用，广泛应用于公交、环卫、消防、工程建设、物流配送、军工等多个领域及特种作业场景。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ALSN vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$737.0M
营收增速更快
SWKS
高出16.0%
-7.4%
净利率更高
ALSN
高出5.8%
7.6%
自由现金流更多
SWKS
多$170.0M
$169.0M
两年增速更快
SWKS
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $737.0M | $1.0B |
| 净利润 | $99.0M | $79.2M |
| 毛利率 | 48.0% | 41.3% |
| 营业利润率 | 23.2% | 10.0% |
| 净利率 | 13.4% | 7.6% |
| 营收同比 | -7.4% | 8.6% |
| 净利润同比 | -43.4% | 15.3% |
| 每股收益（稀释后） | $1.18 | $0.53 |
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ALSNSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $737.0M | $1.1B | ||
| Q3 25 | $693.0M | — | ||
| Q2 25 | $814.0M | $965.0M | ||
| Q1 25 | $766.0M | $953.2M | ||
| Q4 24 | $796.0M | $1.1B | ||
| Q3 24 | $824.0M | $1.0B | ||
| Q2 24 | $816.0M | $905.5M |
净利润ALSNSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $99.0M | $141.4M | ||
| Q3 25 | $137.0M | — | ||
| Q2 25 | $195.0M | $105.0M | ||
| Q1 25 | $192.0M | $68.7M | ||
| Q4 24 | $175.0M | $162.0M | ||
| Q3 24 | $200.0M | $60.5M | ||
| Q2 24 | $187.0M | $120.9M |
毛利率ALSNSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 48.0% | 40.7% | ||
| Q3 25 | 47.5% | — | ||
| Q2 25 | 49.4% | 41.6% | ||
| Q1 25 | 49.3% | 41.1% | ||
| Q4 24 | 46.9% | 41.4% | ||
| Q3 24 | 48.1% | 41.9% | ||
| Q2 24 | 48.3% | 40.2% |
营业利润率ALSNSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 23.2% | 10.1% | ||
| Q3 25 | 29.4% | — | ||
| Q2 25 | 31.4% | 11.5% | ||
| Q1 25 | 32.5% | 10.2% | ||
| Q4 24 | 29.5% | 16.9% | ||
| Q3 24 | 31.6% | 5.8% | ||
| Q2 24 | 32.2% | 14.4% |
净利率ALSNSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 13.4% | 12.9% | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 24.0% | 10.9% | ||
| Q1 25 | 25.1% | 7.2% | ||
| Q4 24 | 22.0% | 15.2% | ||
| Q3 24 | 24.3% | 5.9% | ||
| Q2 24 | 22.9% | 13.4% |
每股收益（稀释后）ALSNSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $1.18 | $0.95 | ||
| Q3 25 | $1.63 | — | ||
| Q2 25 | $2.29 | $0.70 | ||
| Q1 25 | $2.23 | $0.43 | ||
| Q4 24 | $2.01 | $1.00 | ||
| Q3 24 | $2.27 | $0.36 | ||
| Q2 24 | $2.13 | $0.75 |
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 | $1.5B | $1.6B |
| 总债务越低越好 | $2.9B | $496.6M |
| 股东权益账面价值 | $1.9B | $5.8B |
| 总资产 | $6.1B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.56× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ALSNSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $902.0M | — | ||
| Q2 25 | $778.0M | $1.3B | ||
| Q1 25 | $753.0M | $1.5B | ||
| Q4 24 | $781.0M | $1.7B | ||
| Q3 24 | $788.0M | $1.6B | ||
| Q2 24 | $648.0M | $1.3B |
总债务ALSNSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $2.9B | $496.4M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | $496.2M | ||
| Q1 25 | $2.4B | $995.1M | ||
| Q4 24 | $2.4B | $994.7M | ||
| Q3 24 | $2.4B | $994.3M | ||
| Q2 24 | $2.4B | $994.0M |
股东权益ALSNSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.9B | $5.8B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $5.7B | ||
| Q1 25 | $1.7B | $5.9B | ||
| Q4 24 | $1.7B | $6.4B | ||
| Q3 24 | $1.6B | $6.3B | ||
| Q2 24 | $1.5B | $6.3B |
总资产ALSNSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $6.1B | $7.9B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | $7.7B | ||
| Q1 25 | $5.4B | $7.9B | ||
| Q4 24 | $5.3B | $8.3B | ||
| Q3 24 | $5.4B | $8.3B | ||
| Q2 24 | $5.2B | $8.2B |
负债/权益比ALSNSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.56× | 0.09× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.38× | 0.09× | ||
| Q1 25 | 1.45× | 0.17× | ||
| Q4 24 | 1.46× | 0.16× | ||
| Q3 24 | 1.49× | 0.16× | ||
| Q2 24 | 1.63× | 0.16× |
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 | $243.0M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $169.0M | $339.0M |
| 自由现金流率自由现金流/营收 | 22.9% | 32.7% |
| 资本支出强度资本支出/营收 | 10.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.45× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $661.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ALSNSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $243.0M | $200.0M | ||
| Q3 25 | $228.0M | — | ||
| Q2 25 | $184.0M | $314.2M | ||
| Q1 25 | $181.0M | $409.4M | ||
| Q4 24 | $211.0M | $377.2M | ||
| Q3 24 | $246.0M | $476.1M | ||
| Q2 24 | $171.0M | $273.4M |
自由现金流ALSNSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $169.0M | $144.0M | ||
| Q3 25 | $184.0M | — | ||
| Q2 25 | $153.0M | $252.7M | ||
| Q1 25 | $155.0M | $370.9M | ||
| Q4 24 | $136.0M | $338.2M | ||
| Q3 24 | $210.0M | $393.3M | ||
| Q2 24 | $150.0M | $249.0M |
自由现金流率ALSNSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 22.9% | 13.1% | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 18.8% | 26.2% | ||
| Q1 25 | 20.2% | 38.9% | ||
| Q4 24 | 17.1% | 31.7% | ||
| Q3 24 | 25.5% | 38.4% | ||
| Q2 24 | 18.4% | 27.5% |
资本支出强度ALSNSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 10.0% | 5.1% | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 3.8% | 6.4% | ||
| Q1 25 | 3.4% | 4.0% | ||
| Q4 24 | 9.4% | 3.6% | ||
| Q3 24 | 4.4% | 8.1% | ||
| Q2 24 | 2.6% | 2.7% |
现金转化率ALSNSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.45× | 1.41× | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 0.94× | 2.99× | ||
| Q1 25 | 0.94× | 5.96× | ||
| Q4 24 | 1.21× | 2.33× | ||
| Q3 24 | 1.23× | 7.87× | ||
| Q2 24 | 0.91× | 2.26× |
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
ALSN
| North America On Highway | $361.0M | 49% |
| Service Parts Support Equipment And Other | $160.0M | 22% |
| Outside North America On Highway | $131.0M | 18% |
| Defense | $73.0M | 10% |
| Global Off-Highway | $12.0M | 2% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
