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应用材料（AMAT）与CLEVELAND-CLIFFS INC.（CLF）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CLEVELAND-CLIFFS INC.的1.8倍（$7.9B vs $4.3B），应用材料净利率更高（35.5% vs -5.6%，领先41.1%），应用材料同比增速更快（11.0% vs -0.3%），过去两年应用材料的营收复合增速更高（8.0% vs -8.9%）
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。
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
AMAT vs CLF — 直观对比
营收规模更大
AMAT
是对方的1.8倍
$4.3B
营收增速更快
AMAT
高出11.3%
-0.3%
净利率更高
AMAT
高出41.1%
-5.6%
两年增速更快
AMAT
近两年复合增速
-8.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.9B | $4.3B |
| 净利润 | $2.8B | $-241.0M |
| 毛利率 | 49.9% | -5.0% |
| 营业利润率 | 26.4% | -7.9% |
| 净利率 | 35.5% | -5.6% |
| 营收同比 | 11.0% | -0.3% |
| 净利润同比 | 31.0% | 46.1% |
| 每股收益（稀释后） | $3.51 | — |
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AMATCLF
| Q2 26 | $7.9B | — | ||
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $7.3B | $4.7B | ||
| Q2 25 | $7.1B | $4.9B | ||
| Q1 25 | $7.2B | $4.6B | ||
| Q4 24 | $7.0B | $4.3B | ||
| Q3 24 | $6.8B | $4.6B |
净利润AMATCLF
| Q2 26 | $2.8B | — | ||
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $-241.0M | ||
| Q3 25 | $1.8B | $-251.0M | ||
| Q2 25 | $2.1B | $-470.0M | ||
| Q1 25 | $1.2B | $-483.0M | ||
| Q4 24 | $1.7B | $-447.0M | ||
| Q3 24 | $1.7B | $-242.0M |
毛利率AMATCLF
| Q2 26 | 49.9% | — | ||
| Q1 26 | 49.0% | — | ||
| Q4 25 | 48.0% | -5.0% | ||
| Q3 25 | 48.8% | -1.0% | ||
| Q2 25 | 49.1% | -4.2% | ||
| Q1 25 | 48.8% | -8.4% | ||
| Q4 24 | 47.3% | -6.3% | ||
| Q3 24 | 47.3% | -2.3% |
营业利润率AMATCLF
| Q2 26 | 26.4% | — | ||
| Q1 26 | 20.4% | — | ||
| Q4 25 | 25.2% | -7.9% | ||
| Q3 25 | 30.6% | -4.3% | ||
| Q2 25 | 30.5% | -10.1% | ||
| Q1 25 | 30.4% | -11.6% | ||
| Q4 24 | 29.0% | -10.8% | ||
| Q3 24 | 28.7% | -5.7% |
净利率AMATCLF
| Q2 26 | 35.5% | — | ||
| Q1 26 | 28.9% | — | ||
| Q4 25 | 27.9% | -5.6% | ||
| Q3 25 | 24.4% | -5.3% | ||
| Q2 25 | 30.1% | -9.5% | ||
| Q1 25 | 16.5% | -10.4% | ||
| Q4 24 | 24.6% | -10.3% | ||
| Q3 24 | 25.2% | -5.3% |
每股收益（稀释后）AMATCLF
| Q2 26 | $3.51 | — | ||
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $2.22 | $-0.51 | ||
| Q2 25 | $2.63 | — | ||
| Q1 25 | $1.45 | — | ||
| Q4 24 | $2.09 | $-0.91 | ||
| Q3 24 | $2.05 | $-0.52 |
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 | $57.0M |
| 总债务越低越好 | $6.5B | $7.3B |
| 股东权益账面价值 | $23.9B | $6.1B |
| 总资产 | $40.3B | $20.0B |
| 负债/权益比越低杠杆越低 | 0.27× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资AMATCLF
| Q2 26 | $8.2B | — | ||
| Q1 26 | $8.5B | — | ||
| Q4 25 | $8.6B | $57.0M | ||
| Q3 25 | $7.0B | $66.0M | ||
| Q2 25 | $6.7B | $61.0M | ||
| Q1 25 | $8.2B | $57.0M | ||
| Q4 24 | $9.5B | $54.0M | ||
| Q3 24 | $9.1B | $39.0M |
总债务AMATCLF
| Q2 26 | $6.5B | — | ||
| Q1 26 | $6.6B | — | ||
| Q4 25 | — | $7.3B | ||
| Q3 25 | — | $8.0B | ||
| Q2 25 | — | $7.7B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $3.8B |
股东权益AMATCLF
| Q2 26 | $23.9B | — | ||
| Q1 26 | $21.7B | — | ||
| Q4 25 | $20.4B | $6.1B | ||
| Q3 25 | $19.5B | $5.5B | ||
| Q2 25 | $19.0B | $5.8B | ||
| Q1 25 | $18.6B | $6.3B | ||
| Q4 24 | $19.0B | $6.7B | ||
| Q3 24 | $18.8B | $6.9B |
总资产AMATCLF
| Q2 26 | $40.3B | — | ||
| Q1 26 | $37.6B | — | ||
| Q4 25 | $36.3B | $20.0B | ||
| Q3 25 | $34.2B | $20.3B | ||
| Q2 25 | $33.6B | $20.5B | ||
| Q1 25 | $33.3B | $20.8B | ||
| Q4 24 | $34.4B | $20.9B | ||
| Q3 24 | $33.6B | $16.8B |
负债/权益比AMATCLF
| Q2 26 | 0.27× | — | ||
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.33× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 0.55× |
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 | — | $-13.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -3.5% |
| 资本支出强度资本支出/营收 | 8.0% | 3.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.0B |
8季度趋势，按日历期对齐
经营现金流AMATCLF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $-13.0M | ||
| Q3 25 | $2.6B | $-143.0M | ||
| Q2 25 | $1.6B | $45.0M | ||
| Q1 25 | $925.0M | $-351.0M | ||
| Q4 24 | $2.6B | $-472.0M | ||
| Q3 24 | $2.4B | $-84.0M |
自由现金流AMATCLF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $-153.0M | ||
| Q3 25 | $2.0B | $-300.0M | ||
| Q2 25 | $1.1B | $-67.0M | ||
| Q1 25 | $544.0M | $-503.0M | ||
| Q4 24 | $2.2B | $-677.0M | ||
| Q3 24 | $2.1B | $-235.0M |
自由现金流率AMATCLF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 30.0% | -3.5% | ||
| Q3 25 | 28.1% | -6.3% | ||
| Q2 25 | 14.9% | -1.4% | ||
| Q1 25 | 7.6% | -10.9% | ||
| Q4 24 | 30.8% | -15.7% | ||
| Q3 24 | 30.8% | -5.1% |
资本支出强度AMATCLF
| Q2 26 | 8.0% | — | ||
| Q1 26 | 9.2% | — | ||
| Q4 25 | 11.5% | 3.2% | ||
| Q3 25 | 8.0% | 3.3% | ||
| Q2 25 | 7.2% | 2.3% | ||
| Q1 25 | 5.3% | 3.3% | ||
| Q4 24 | 5.8% | 4.7% | ||
| Q3 24 | 4.4% | 3.3% |
现金转化率AMATCLF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.40× | — |
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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
