vs
应用材料（AMAT）与艾仕得（AXTA）财务数据对比。点击上方公司名可切换其他公司
应用材料的季度营收约是艾仕得的6.3倍（$7.9B vs $1.3B），应用材料净利率更高（35.5% vs 4.8%，领先30.7%），应用材料同比增速更快（11.0% vs -3.7%），过去两年应用材料的营收复合增速更高（8.0% vs -1.2%）
应用材料是总部位于美国加利福尼亚州圣克拉拉的企业，为全球第二大半导体设备供应商，主营半导体芯片、消费电子平板显示、太阳能产品制造所需的设备、服务及软件，同时供应柔性电子、封装等领域的涂层生产设备。
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
AMAT vs AXTA — 直观对比
营收规模更大
AMAT
是对方的6.3倍
$1.3B
营收增速更快
AMAT
高出14.7%
-3.7%
净利率更高
AMAT
高出30.7%
4.8%
两年增速更快
AMAT
近两年复合增速
-1.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.9B | $1.3B |
| 净利润 | $2.8B | $60.0M |
| 毛利率 | 49.9% | 33.4% |
| 营业利润率 | 26.4% | 12.8% |
| 净利率 | 35.5% | 4.8% |
| 营收同比 | 11.0% | -3.7% |
| 净利润同比 | 31.0% | -56.2% |
| 每股收益（稀释后） | $3.51 | $0.28 |
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AMATAXTA
| Q2 26 | $7.9B | — | ||
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.8B | $1.3B | ||
| Q3 25 | $7.3B | $1.3B | ||
| Q2 25 | $7.1B | $1.3B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $6.8B | $1.3B |
净利润AMATAXTA
| Q2 26 | $2.8B | — | ||
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $60.0M | ||
| Q3 25 | $1.8B | $110.0M | ||
| Q2 25 | $2.1B | $109.0M | ||
| Q1 25 | $1.2B | $99.0M | ||
| Q4 24 | $1.7B | $137.0M | ||
| Q3 24 | $1.7B | $101.0M |
毛利率AMATAXTA
| Q2 26 | 49.9% | — | ||
| Q1 26 | 49.0% | — | ||
| Q4 25 | 48.0% | 33.4% | ||
| Q3 25 | 48.8% | 34.9% | ||
| Q2 25 | 49.1% | 35.0% | ||
| Q1 25 | 48.8% | 34.3% | ||
| Q4 24 | 47.3% | 34.1% | ||
| Q3 24 | 47.3% | 35.0% |
营业利润率AMATAXTA
| Q2 26 | 26.4% | — | ||
| Q1 26 | 20.4% | — | ||
| Q4 25 | 25.2% | 12.8% | ||
| Q3 25 | 30.6% | 15.8% | ||
| Q2 25 | 30.5% | 14.8% | ||
| Q1 25 | 30.4% | 13.9% | ||
| Q4 24 | 29.0% | 14.3% | ||
| Q3 24 | 28.7% | 14.6% |
净利率AMATAXTA
| Q2 26 | 35.5% | — | ||
| Q1 26 | 28.9% | — | ||
| Q4 25 | 27.9% | 4.8% | ||
| Q3 25 | 24.4% | 8.5% | ||
| Q2 25 | 30.1% | 8.4% | ||
| Q1 25 | 16.5% | 7.8% | ||
| Q4 24 | 24.6% | 10.5% | ||
| Q3 24 | 25.2% | 7.7% |
每股收益（稀释后）AMATAXTA
| Q2 26 | $3.51 | — | ||
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.36 | $0.28 | ||
| Q3 25 | $2.22 | $0.51 | ||
| Q2 25 | $2.63 | $0.50 | ||
| Q1 25 | $1.45 | $0.45 | ||
| Q4 24 | $2.09 | $0.63 | ||
| Q3 24 | $2.05 | $0.46 |
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 | $8.2B | $657.0M |
| 总债务越低越好 | $6.5B | $3.2B |
| 股东权益账面价值 | $23.9B | $2.3B |
| 总资产 | $40.3B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.27× | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资AMATAXTA
| Q2 26 | $8.2B | — | ||
| Q1 26 | $8.5B | — | ||
| Q4 25 | $8.6B | $657.0M | ||
| Q3 25 | $7.0B | $606.0M | ||
| Q2 25 | $6.7B | $625.0M | ||
| Q1 25 | $8.2B | $575.0M | ||
| Q4 24 | $9.5B | $593.0M | ||
| Q3 24 | $9.1B | $567.0M |
总债务AMATAXTA
| Q2 26 | $6.5B | — | ||
| Q1 26 | $6.6B | — | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.5B |
股东权益AMATAXTA
| Q2 26 | $23.9B | — | ||
| Q1 26 | $21.7B | — | ||
| Q4 25 | $20.4B | $2.3B | ||
| Q3 25 | $19.5B | $2.3B | ||
| Q2 25 | $19.0B | $2.3B | ||
| Q1 25 | $18.6B | $2.1B | ||
| Q4 24 | $19.0B | $1.9B | ||
| Q3 24 | $18.8B | $1.9B |
总资产AMATAXTA
| Q2 26 | $40.3B | — | ||
| Q1 26 | $37.6B | — | ||
| Q4 25 | $36.3B | $7.6B | ||
| Q3 25 | $34.2B | $7.8B | ||
| Q2 25 | $33.6B | $7.8B | ||
| Q1 25 | $33.3B | $7.4B | ||
| Q4 24 | $34.4B | $7.2B | ||
| Q3 24 | $33.6B | $7.5B |
负债/权益比AMATAXTA
| Q2 26 | 0.27× | — | ||
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.84× |
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 | — | $344.0M |
| 自由现金流经营现金流 - 资本支出 | — | $286.0M |
| 自由现金流率自由现金流/营收 | — | 22.7% |
| 资本支出强度资本支出/营收 | 8.0% | 4.6% |
| 现金转化率经营现金流/净利润 | — | 5.73× |
| 过去12个月自由现金流最近4个季度 | — | $453.0M |
8季度趋势，按日历期对齐
经营现金流AMATAXTA
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $344.0M | ||
| Q3 25 | $2.6B | $137.0M | ||
| Q2 25 | $1.6B | $142.0M | ||
| Q1 25 | $925.0M | $26.0M | ||
| Q4 24 | $2.6B | $234.0M | ||
| Q3 24 | $2.4B | $194.0M |
自由现金流AMATAXTA
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $286.0M | ||
| Q3 25 | $2.0B | $87.0M | ||
| Q2 25 | $1.1B | $97.0M | ||
| Q1 25 | $544.0M | $-17.0M | ||
| Q4 24 | $2.2B | $172.0M | ||
| Q3 24 | $2.1B | $161.0M |
自由现金流率AMATAXTA
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 30.0% | 22.7% | ||
| Q3 25 | 28.1% | 6.8% | ||
| Q2 25 | 14.9% | 7.4% | ||
| Q1 25 | 7.6% | -1.3% | ||
| Q4 24 | 30.8% | 13.1% | ||
| Q3 24 | 30.8% | 12.2% |
资本支出强度AMATAXTA
| Q2 26 | 8.0% | — | ||
| Q1 26 | 9.2% | — | ||
| Q4 25 | 11.5% | 4.6% | ||
| Q3 25 | 8.0% | 3.9% | ||
| Q2 25 | 7.2% | 3.4% | ||
| Q1 25 | 5.3% | 3.4% | ||
| Q4 24 | 5.8% | 4.7% | ||
| Q3 24 | 4.4% | 2.5% |
现金转化率AMATAXTA
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 5.73× | ||
| Q3 25 | 1.48× | 1.25× | ||
| Q2 25 | 0.74× | 1.30× | ||
| Q1 25 | 0.78× | 0.26× | ||
| Q4 24 | 1.49× | 1.71× | ||
| Q3 24 | 1.40× | 1.92× |
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
AMAT
暂无分部数据
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
