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应用材料（AMAT）与Corebridge Financial, Inc.（CRBG）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Corebridge Financial, Inc.的1.0倍（$6.8B vs $6.7B），应用材料净利率更高（27.9% vs 12.1%，领先15.8%），Corebridge Financial, Inc.同比增速更快（1.7% vs -3.5%），过去两年Corebridge Financial, Inc.的营收复合增速更高（7.4% vs 0.7%）
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。
Corebridge Financial, Inc.是美国知名金融服务提供商，下设个人退休、人寿保险、退休服务、机构市场四大核心业务板块，可为客户提供年金、寿险产品、退休规划、财富管理等综合金融服务，满足不同群体的多元财务需求。
AMAT vs CRBG — 直观对比
营收规模更大
AMAT
是对方的1.0倍
$6.7B
营收增速更快
CRBG
高出5.2%
-3.5%
净利率更高
AMAT
高出15.8%
12.1%
两年增速更快
CRBG
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $6.7B |
| 净利润 | $1.9B | $814.0M |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 14.4% |
| 净利率 | 27.9% | 12.1% |
| 营收同比 | -3.5% | 1.7% |
| 净利润同比 | 9.6% | -62.5% |
| 每股收益（稀释后） | $2.36 | $1.44 |
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AMATCRBG
| Q4 25 | $6.8B | $6.7B | ||
| Q3 25 | $7.3B | $5.4B | ||
| Q2 25 | $7.1B | $2.7B | ||
| Q1 25 | $7.2B | $3.6B | ||
| Q4 24 | $7.0B | $6.6B | ||
| Q3 24 | $6.8B | $2.6B | ||
| Q2 24 | $6.6B | $3.7B | ||
| Q1 24 | $6.7B | $5.8B |
净利润AMATCRBG
| Q4 25 | $1.9B | $814.0M | ||
| Q3 25 | $1.8B | $144.0M | ||
| Q2 25 | $2.1B | $-660.0M | ||
| Q1 25 | $1.2B | $-664.0M | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.7B | $-1.2B | ||
| Q2 24 | $1.7B | $365.0M | ||
| Q1 24 | $2.0B | $878.0M |
毛利率AMATCRBG
| Q4 25 | 48.0% | — | ||
| Q3 25 | 48.8% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 47.3% | — | ||
| Q2 24 | 47.4% | — | ||
| Q1 24 | 47.8% | — |
营业利润率AMATCRBG
| Q4 25 | 25.2% | 14.4% | ||
| Q3 25 | 30.6% | -0.8% | ||
| Q2 25 | 30.5% | -22.2% | ||
| Q1 25 | 30.4% | -24.0% | ||
| Q4 24 | 29.0% | 44.2% | ||
| Q3 24 | 28.7% | -60.9% | ||
| Q2 24 | 28.8% | 12.3% | ||
| Q1 24 | 29.3% | 17.4% |
净利率AMATCRBG
| Q4 25 | 27.9% | 12.1% | ||
| Q3 25 | 24.4% | 2.7% | ||
| Q2 25 | 30.1% | -24.1% | ||
| Q1 25 | 16.5% | -18.5% | ||
| Q4 24 | 24.6% | 32.8% | ||
| Q3 24 | 25.2% | -45.3% | ||
| Q2 24 | 25.9% | 9.8% | ||
| Q1 24 | 30.1% | 15.0% |
每股收益（稀释后）AMATCRBG
| Q4 25 | $2.36 | $1.44 | ||
| Q3 25 | $2.22 | $0.27 | ||
| Q2 25 | $2.63 | $-1.20 | ||
| Q1 25 | $1.45 | $-1.19 | ||
| Q4 24 | $2.09 | $3.74 | ||
| Q3 24 | $2.05 | $-2.02 | ||
| Q2 24 | $2.06 | $0.59 | ||
| Q1 24 | $2.41 | $1.41 |
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 | $8.6B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.4B | $13.2B |
| 总资产 | $36.3B | $413.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMATCRBG
| Q4 25 | $8.6B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $9.5B | — | ||
| Q3 24 | $9.1B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $7.5B | — |
股东权益AMATCRBG
| Q4 25 | $20.4B | $13.2B | ||
| Q3 25 | $19.5B | $13.5B | ||
| Q2 25 | $19.0B | $12.3B | ||
| Q1 25 | $18.6B | $12.0B | ||
| Q4 24 | $19.0B | $11.5B | ||
| Q3 24 | $18.8B | $13.6B | ||
| Q2 24 | $18.2B | $11.0B | ||
| Q1 24 | $17.4B | $11.6B |
总资产AMATCRBG
| Q4 25 | $36.3B | $413.5B | ||
| Q3 25 | $34.2B | $411.3B | ||
| Q2 25 | $33.6B | $399.2B | ||
| Q1 25 | $33.3B | $390.0B | ||
| Q4 24 | $34.4B | $389.4B | ||
| Q3 24 | $33.6B | $399.4B | ||
| Q2 24 | $31.9B | $382.5B | ||
| Q1 24 | $31.5B | $385.6B |
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 | $2.8B | $1.9B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 30.0% | — |
| 资本支出强度资本支出/营收 | 11.5% | — |
| 现金转化率经营现金流/净利润 | 1.49× | 2.31× |
| 过去12个月自由现金流最近4个季度 | $5.7B | — |
8季度趋势，按日历期对齐
经营现金流AMATCRBG
| Q4 25 | $2.8B | $1.9B | ||
| Q3 25 | $2.6B | $24.0M | ||
| Q2 25 | $1.6B | $-259.0M | ||
| Q1 25 | $925.0M | $375.0M | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.4B | $83.0M | ||
| Q2 24 | $1.4B | $-9.0M | ||
| Q1 24 | $2.3B | $598.0M |
自由现金流AMATCRBG
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $544.0M | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $2.1B | — |
自由现金流率AMATCRBG
| Q4 25 | 30.0% | — | ||
| Q3 25 | 28.1% | — | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 30.8% | — | ||
| Q3 24 | 30.8% | — | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | 31.3% | — |
资本支出强度AMATCRBG
| Q4 25 | 11.5% | — | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.4% | — |
现金转化率AMATCRBG
| Q4 25 | 1.49× | 2.31× | ||
| Q3 25 | 1.48× | 0.17× | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 1.49× | 0.68× | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 0.81× | -0.02× | ||
| Q1 24 | 1.15× | 0.68× |
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
| Semiconductor Systems Segment | $4.8B | 70% |
| Applied Global Services Segment | $1.6B | 24% |
| Other | $415.0M | 6% |
CRBG
| Institutional Markets Segment | $2.9B | 43% |
| Life Insurance Operating Segment | $1.1B | 16% |
| Individual Retirement Segment | $1.0B | 16% |
| Other | $1.0B | 15% |
| Group Retirement Segment | $667.0M | 10% |
