vs
应用材料（AMAT）与亨廷顿·英格尔斯工业（HII）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亨廷顿·英格尔斯工业的2.0倍（$6.8B vs $3.5B），应用材料净利率更高（27.9% vs 4.6%，领先23.3%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs -3.5%），应用材料自由现金流更多（$2.0B vs $516.0M），过去两年亨廷顿·英格尔斯工业的营收复合增速更高（11.3% 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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
AMAT vs HII — 直观对比
营收规模更大
AMAT
是对方的2.0倍
$3.5B
营收增速更快
HII
高出19.2%
-3.5%
净利率更高
AMAT
高出23.3%
4.6%
自由现金流更多
AMAT
多$1.5B
$516.0M
两年增速更快
HII
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $3.5B |
| 净利润 | $1.9B | $159.0M |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 4.9% |
| 净利率 | 27.9% | 4.6% |
| 营收同比 | -3.5% | 15.7% |
| 净利润同比 | 9.6% | 29.3% |
| 每股收益（稀释后） | $2.36 | $4.06 |
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AMATHII
| Q4 25 | $6.8B | $3.5B | ||
| Q3 25 | $7.3B | $3.2B | ||
| Q2 25 | $7.1B | $3.1B | ||
| Q1 25 | $7.2B | $2.7B | ||
| Q4 24 | $7.0B | $3.0B | ||
| Q3 24 | $6.8B | $2.7B | ||
| Q2 24 | $6.6B | $3.0B | ||
| Q1 24 | $6.7B | $2.8B |
净利润AMATHII
| Q4 25 | $1.9B | $159.0M | ||
| Q3 25 | $1.8B | $145.0M | ||
| Q2 25 | $2.1B | $152.0M | ||
| Q1 25 | $1.2B | $149.0M | ||
| Q4 24 | $1.7B | $123.0M | ||
| Q3 24 | $1.7B | $101.0M | ||
| Q2 24 | $1.7B | $173.0M | ||
| Q1 24 | $2.0B | $153.0M |
毛利率AMATHII
| 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AMATHII
| Q4 25 | 25.2% | 4.9% | ||
| Q3 25 | 30.6% | 5.0% | ||
| Q2 25 | 30.5% | 5.3% | ||
| Q1 25 | 30.4% | 5.9% | ||
| Q4 24 | 29.0% | 3.7% | ||
| Q3 24 | 28.7% | 3.0% | ||
| Q2 24 | 28.8% | 6.3% | ||
| Q1 24 | 29.3% | 5.5% |
净利率AMATHII
| Q4 25 | 27.9% | 4.6% | ||
| Q3 25 | 24.4% | 4.5% | ||
| Q2 25 | 30.1% | 4.9% | ||
| Q1 25 | 16.5% | 5.4% | ||
| Q4 24 | 24.6% | 4.1% | ||
| Q3 24 | 25.2% | 3.7% | ||
| Q2 24 | 25.9% | 5.8% | ||
| Q1 24 | 30.1% | 5.5% |
每股收益（稀释后）AMATHII
| Q4 25 | $2.36 | $4.06 | ||
| Q3 25 | $2.22 | $3.68 | ||
| Q2 25 | $2.63 | $3.86 | ||
| Q1 25 | $1.45 | $3.79 | ||
| Q4 24 | $2.09 | $3.15 | ||
| Q3 24 | $2.05 | $2.56 | ||
| Q2 24 | $2.06 | $4.38 | ||
| Q1 24 | $2.41 | $3.87 |
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 | — | $2.7B |
| 股东权益账面价值 | $20.4B | $5.1B |
| 总资产 | $36.3B | $12.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AMATHII
| 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 | $10.0M |
总债务AMATHII
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMATHII
| Q4 25 | $20.4B | $5.1B | ||
| Q3 25 | $19.5B | $5.0B | ||
| Q2 25 | $19.0B | $4.9B | ||
| Q1 25 | $18.6B | $4.8B | ||
| Q4 24 | $19.0B | $4.7B | ||
| Q3 24 | $18.8B | $4.2B | ||
| Q2 24 | $18.2B | $4.2B | ||
| Q1 24 | $17.4B | $4.1B |
总资产AMATHII
| Q4 25 | $36.3B | $12.7B | ||
| Q3 25 | $34.2B | $12.3B | ||
| Q2 25 | $33.6B | $12.1B | ||
| Q1 25 | $33.3B | $12.1B | ||
| Q4 24 | $34.4B | $12.1B | ||
| Q3 24 | $33.6B | $11.1B | ||
| Q2 24 | $31.9B | $11.3B | ||
| Q1 24 | $31.5B | $11.2B |
负债/权益比AMATHII
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $650.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $516.0M |
| 自由现金流率自由现金流/营收 | 30.0% | 14.8% |
| 资本支出强度资本支出/营收 | 11.5% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.49× | 4.09× |
| 过去12个月自由现金流最近4个季度 | $5.7B | $794.0M |
8季度趋势，按日历期对齐
经营现金流AMATHII
| Q4 25 | $2.8B | $650.0M | ||
| Q3 25 | $2.6B | $118.0M | ||
| Q2 25 | $1.6B | $823.0M | ||
| Q1 25 | $925.0M | $-395.0M | ||
| Q4 24 | $2.6B | $391.0M | ||
| Q3 24 | $2.4B | $213.0M | ||
| Q2 24 | $1.4B | $-9.0M | ||
| Q1 24 | $2.3B | $-202.0M |
自由现金流AMATHII
| Q4 25 | $2.0B | $516.0M | ||
| Q3 25 | $2.0B | $13.0M | ||
| Q2 25 | $1.1B | $727.0M | ||
| Q1 25 | $544.0M | $-462.0M | ||
| Q4 24 | $2.2B | $277.0M | ||
| Q3 24 | $2.1B | $125.0M | ||
| Q2 24 | $1.1B | $-99.0M | ||
| Q1 24 | $2.1B | $-277.0M |
自由现金流率AMATHII
| Q4 25 | 30.0% | 14.8% | ||
| Q3 25 | 28.1% | 0.4% | ||
| Q2 25 | 14.9% | 23.6% | ||
| Q1 25 | 7.6% | -16.9% | ||
| Q4 24 | 30.8% | 9.2% | ||
| Q3 24 | 30.8% | 4.5% | ||
| Q2 24 | 17.1% | -3.3% | ||
| Q1 24 | 31.3% | -9.9% |
资本支出强度AMATHII
| Q4 25 | 11.5% | 3.9% | ||
| Q3 25 | 8.0% | 3.3% | ||
| Q2 25 | 7.2% | 3.1% | ||
| Q1 25 | 5.3% | 2.5% | ||
| Q4 24 | 5.8% | 3.8% | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | 3.9% | 3.0% | ||
| Q1 24 | 3.4% | 2.7% |
现金转化率AMATHII
| Q4 25 | 1.49× | 4.09× | ||
| Q3 25 | 1.48× | 0.81× | ||
| Q2 25 | 0.74× | 5.41× | ||
| Q1 25 | 0.78× | -2.65× | ||
| Q4 24 | 1.49× | 3.18× | ||
| Q3 24 | 1.40× | 2.11× | ||
| Q2 24 | 0.81× | -0.05× | ||
| Q1 24 | 1.15× | -1.32× |
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% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
