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应用材料（AMAT）与伟创力（FLEX）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伟创力的1.1倍（$7.9B vs $7.5B），应用材料净利率更高（35.5% vs 3.3%，领先32.1%），伟创力同比增速更快（16.9% vs 11.0%），过去两年伟创力的营收复合增速更高（8.8% vs 8.0%）
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。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
AMAT vs FLEX — 直观对比
营收规模更大
AMAT
是对方的1.1倍
$7.5B
营收增速更快
FLEX
高出5.9%
11.0%
净利率更高
AMAT
高出32.1%
3.3%
两年增速更快
FLEX
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.9B | $7.5B |
| 净利润 | $2.8B | $250.0M |
| 毛利率 | 49.9% | 9.4% |
| 营业利润率 | 26.4% | 5.0% |
| 净利率 | 35.5% | 3.3% |
| 营收同比 | 11.0% | 16.9% |
| 净利润同比 | 31.0% | 12.6% |
| 每股收益（稀释后） | $3.51 | $0.67 |
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AMATFLEX
| Q2 26 | $7.9B | — | ||
| Q1 26 | $7.0B | $7.5B | ||
| Q4 25 | $6.8B | $7.1B | ||
| Q3 25 | $7.3B | $6.8B | ||
| Q2 25 | $7.1B | $6.6B | ||
| Q1 25 | $7.2B | $6.4B | ||
| Q4 24 | $7.0B | $6.6B | ||
| Q3 24 | $6.8B | $6.5B |
净利润AMATFLEX
| Q2 26 | $2.8B | — | ||
| Q1 26 | $2.0B | $250.0M | ||
| Q4 25 | $1.9B | $239.0M | ||
| Q3 25 | $1.8B | $199.0M | ||
| Q2 25 | $2.1B | $192.0M | ||
| Q1 25 | $1.2B | $222.0M | ||
| Q4 24 | $1.7B | $263.0M | ||
| Q3 24 | $1.7B | $214.0M |
毛利率AMATFLEX
| Q2 26 | 49.9% | — | ||
| Q1 26 | 49.0% | 9.4% | ||
| Q4 25 | 48.0% | 9.6% | ||
| Q3 25 | 48.8% | 9.0% | ||
| Q2 25 | 49.1% | 8.7% | ||
| Q1 25 | 48.8% | 8.8% | ||
| Q4 24 | 47.3% | 9.1% | ||
| Q3 24 | 47.3% | 8.1% |
营业利润率AMATFLEX
| Q2 26 | 26.4% | — | ||
| Q1 26 | 20.4% | 5.0% | ||
| Q4 25 | 25.2% | 5.5% | ||
| Q3 25 | 30.6% | 4.4% | ||
| Q2 25 | 30.5% | 4.7% | ||
| Q1 25 | 30.4% | 4.8% | ||
| Q4 24 | 29.0% | 5.1% | ||
| Q3 24 | 28.7% | 4.5% |
净利率AMATFLEX
| Q2 26 | 35.5% | — | ||
| Q1 26 | 28.9% | 3.3% | ||
| Q4 25 | 27.9% | 3.4% | ||
| Q3 25 | 24.4% | 2.9% | ||
| Q2 25 | 30.1% | 2.9% | ||
| Q1 25 | 16.5% | 3.5% | ||
| Q4 24 | 24.6% | 4.0% | ||
| Q3 24 | 25.2% | 3.3% |
每股收益（稀释后）AMATFLEX
| Q2 26 | $3.51 | — | ||
| Q1 26 | $2.54 | $0.67 | ||
| Q4 25 | $2.36 | $0.64 | ||
| Q3 25 | $2.22 | $0.52 | ||
| Q2 25 | $2.63 | $0.50 | ||
| Q1 25 | $1.45 | $0.56 | ||
| Q4 24 | $2.09 | $0.67 | ||
| Q3 24 | $2.05 | $0.54 |
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 | $2.4B |
| 总债务越低越好 | $6.5B | $3.8B |
| 股东权益账面价值 | $23.9B | $5.1B |
| 总资产 | $40.3B | $22.1B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资AMATFLEX
| Q2 26 | $8.2B | — | ||
| Q1 26 | $8.5B | $2.4B | ||
| Q4 25 | $8.6B | $3.1B | ||
| Q3 25 | $7.0B | $2.2B | ||
| Q2 25 | $6.7B | $2.2B | ||
| Q1 25 | $8.2B | $2.3B | ||
| Q4 24 | $9.5B | $2.3B | ||
| Q3 24 | $9.1B | $2.6B |
总债务AMATFLEX
| Q2 26 | $6.5B | — | ||
| Q1 26 | $6.6B | $3.8B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B |
股东权益AMATFLEX
| Q2 26 | $23.9B | — | ||
| Q1 26 | $21.7B | $5.1B | ||
| Q4 25 | $20.4B | $5.1B | ||
| Q3 25 | $19.5B | $5.0B | ||
| Q2 25 | $19.0B | $5.1B | ||
| Q1 25 | $18.6B | $5.0B | ||
| Q4 24 | $19.0B | $5.0B | ||
| Q3 24 | $18.8B | $5.0B |
总资产AMATFLEX
| Q2 26 | $40.3B | — | ||
| Q1 26 | $37.6B | $22.1B | ||
| Q4 25 | $36.3B | $20.8B | ||
| Q3 25 | $34.2B | $19.5B | ||
| Q2 25 | $33.6B | $19.1B | ||
| Q1 25 | $33.3B | $18.4B | ||
| Q4 24 | $34.4B | $18.3B | ||
| Q3 24 | $33.6B | $18.6B |
负债/权益比AMATFLEX
| Q2 26 | 0.27× | — | ||
| Q1 26 | 0.30× | 0.73× | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× |
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 | — | $413.0M |
| 自由现金流经营现金流 - 资本支出 | — | $212.0M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | 8.0% | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流AMATFLEX
| Q2 26 | — | — | ||
| Q1 26 | — | $413.0M | ||
| Q4 25 | $2.8B | $420.0M | ||
| Q3 25 | $2.6B | $453.0M | ||
| Q2 25 | $1.6B | $399.0M | ||
| Q1 25 | $925.0M | $433.0M | ||
| Q4 24 | $2.6B | $413.0M | ||
| Q3 24 | $2.4B | $319.0M |
自由现金流AMATFLEX
| Q2 26 | — | — | ||
| Q1 26 | — | $212.0M | ||
| Q4 25 | $2.0B | $272.0M | ||
| Q3 25 | $2.0B | $303.0M | ||
| Q2 25 | $1.1B | $266.0M | ||
| Q1 25 | $544.0M | $321.0M | ||
| Q4 24 | $2.2B | $301.0M | ||
| Q3 24 | $2.1B | $216.0M |
自由现金流率AMATFLEX
| Q2 26 | — | — | ||
| Q1 26 | — | 2.8% | ||
| Q4 25 | 30.0% | 3.9% | ||
| Q3 25 | 28.1% | 4.5% | ||
| Q2 25 | 14.9% | 4.0% | ||
| Q1 25 | 7.6% | 5.0% | ||
| Q4 24 | 30.8% | 4.6% | ||
| Q3 24 | 30.8% | 3.3% |
资本支出强度AMATFLEX
| Q2 26 | 8.0% | — | ||
| Q1 26 | 9.2% | — | ||
| Q4 25 | 11.5% | 2.1% | ||
| Q3 25 | 8.0% | 2.2% | ||
| Q2 25 | 7.2% | 2.0% | ||
| Q1 25 | 5.3% | 1.8% | ||
| Q4 24 | 5.8% | 1.7% | ||
| Q3 24 | 4.4% | 1.6% |
现金转化率AMATFLEX
| Q2 26 | — | — | ||
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.49× | 1.76× | ||
| Q3 25 | 1.48× | 2.28× | ||
| Q2 25 | 0.74× | 2.08× | ||
| Q1 25 | 0.78× | 1.95× | ||
| Q4 24 | 1.49× | 1.57× | ||
| Q3 24 | 1.40× | 1.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
