vs
应用材料（AMAT）与通用动力（GD）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是应用材料的2.0倍（$13.5B vs $6.8B），应用材料净利率更高（27.9% vs 8.3%，领先19.6%），通用动力同比增速更快（10.3% vs -3.5%），应用材料自由现金流更多（$2.0B vs $2.0B），过去两年通用动力的营收复合增速更高（6.1% 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。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
AMAT vs GD — 直观对比
营收规模更大
GD
是对方的2.0倍
$6.8B
营收增速更快
GD
高出13.8%
-3.5%
净利率更高
AMAT
高出19.6%
8.3%
自由现金流更多
AMAT
多$91.0M
$2.0B
两年增速更快
GD
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $13.5B |
| 净利润 | $1.9B | $1.1B |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 10.5% |
| 净利率 | 27.9% | 8.3% |
| 营收同比 | -3.5% | 10.3% |
| 净利润同比 | 9.6% | 13.2% |
| 每股收益（稀释后） | $2.36 | $4.10 |
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AMATGD
| Q1 26 | — | $13.5B | ||
| Q4 25 | $6.8B | $14.4B | ||
| Q3 25 | $7.3B | $12.9B | ||
| Q2 25 | $7.1B | $13.0B | ||
| Q1 25 | $7.2B | $12.2B | ||
| Q4 24 | $7.0B | $13.3B | ||
| Q3 24 | $6.8B | $11.7B | ||
| Q2 24 | $6.6B | $12.0B |
净利润AMATGD
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $1.2B | $994.0M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $930.0M | ||
| Q2 24 | $1.7B | $905.0M |
毛利率AMATGD
| Q1 26 | — | — | ||
| 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% | — |
营业利润率AMATGD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 25.2% | 10.1% | ||
| Q3 25 | 30.6% | 10.3% | ||
| Q2 25 | 30.5% | 10.0% | ||
| Q1 25 | 30.4% | 10.4% | ||
| Q4 24 | 29.0% | 10.7% | ||
| Q3 24 | 28.7% | 10.1% | ||
| Q2 24 | 28.8% | 9.7% |
净利率AMATGD
| Q1 26 | — | 8.3% | ||
| Q4 25 | 27.9% | 7.9% | ||
| Q3 25 | 24.4% | 8.2% | ||
| Q2 25 | 30.1% | 7.8% | ||
| Q1 25 | 16.5% | 8.1% | ||
| Q4 24 | 24.6% | 8.6% | ||
| Q3 24 | 25.2% | 8.0% | ||
| Q2 24 | 25.9% | 7.6% |
每股收益（稀释后）AMATGD
| Q1 26 | — | $4.10 | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $2.22 | — | ||
| Q2 25 | $2.63 | — | ||
| Q1 25 | $1.45 | — | ||
| Q4 24 | $2.09 | — | ||
| Q3 24 | $2.05 | — | ||
| Q2 24 | $2.06 | — |
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 | $3.7B |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $20.4B | $26.1B |
| 总资产 | $36.3B | $59.0B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资AMATGD
| Q1 26 | — | $3.7B | ||
| Q4 25 | $8.6B | $2.3B | ||
| Q3 25 | $7.0B | $2.5B | ||
| Q2 25 | $6.7B | $1.5B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $9.5B | $1.7B | ||
| Q3 24 | $9.1B | $2.1B | ||
| Q2 24 | $7.6B | $1.4B |
总债务AMATGD
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMATGD
| Q1 26 | — | $26.1B | ||
| Q4 25 | $20.4B | $25.6B | ||
| Q3 25 | $19.5B | $24.4B | ||
| Q2 25 | $19.0B | $23.6B | ||
| Q1 25 | $18.6B | $22.2B | ||
| Q4 24 | $19.0B | $22.1B | ||
| Q3 24 | $18.8B | $23.0B | ||
| Q2 24 | $18.2B | $22.0B |
总资产AMATGD
| Q1 26 | — | $59.0B | ||
| Q4 25 | $36.3B | $57.2B | ||
| Q3 25 | $34.2B | $57.6B | ||
| Q2 25 | $33.6B | $56.9B | ||
| Q1 25 | $33.3B | $56.6B | ||
| Q4 24 | $34.4B | $55.9B | ||
| Q3 24 | $33.6B | $57.3B | ||
| Q2 24 | $31.9B | $55.4B |
负债/权益比AMATGD
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $2.0B |
| 自由现金流率自由现金流/营收 | 30.0% | 14.5% |
| 资本支出强度资本支出/营收 | 11.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.49× | — |
| 过去12个月自由现金流最近4个季度 | $5.7B | $6.2B |
8季度趋势，按日历期对齐
经营现金流AMATGD
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | $925.0M | $-148.0M | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $1.4B | $814.0M |
自由现金流AMATGD
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.0B | $952.0M | ||
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $544.0M | $-290.0M | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.1B | $613.0M |
自由现金流率AMATGD
| Q1 26 | — | 14.5% | ||
| Q4 25 | 30.0% | 6.6% | ||
| Q3 25 | 28.1% | 14.7% | ||
| Q2 25 | 14.9% | 10.7% | ||
| Q1 25 | 7.6% | -2.4% | ||
| Q4 24 | 30.8% | 13.5% | ||
| Q3 24 | 30.8% | 10.4% | ||
| Q2 24 | 17.1% | 5.1% |
资本支出强度AMATGD
| Q1 26 | — | 1.5% | ||
| Q4 25 | 11.5% | 4.2% | ||
| Q3 25 | 8.0% | 1.6% | ||
| Q2 25 | 7.2% | 1.5% | ||
| Q1 25 | 5.3% | 1.2% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 4.4% | 1.7% | ||
| Q2 24 | 3.9% | 1.7% |
现金转化率AMATGD
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 1.37× | ||
| Q3 25 | 1.48× | 1.99× | ||
| Q2 25 | 0.74× | 1.58× | ||
| Q1 25 | 0.78× | -0.15× | ||
| Q4 24 | 1.49× | 1.88× | ||
| Q3 24 | 1.40× | 1.52× | ||
| Q2 24 | 0.81× | 0.90× |
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% |
GD
暂无分部数据
