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应用材料（AMAT）与KOHLS Corp（KSS）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KOHLS Corp的1.9倍（$6.8B vs $3.6B），应用材料净利率更高（27.9% vs 0.2%，领先27.7%），应用材料同比增速更快（-3.5% vs -3.6%），应用材料自由现金流更多（$2.0B vs $16.0M），过去两年应用材料的营收复合增速更高（0.7% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
AMAT vs KSS — 直观对比
营收规模更大
AMAT
是对方的1.9倍
$3.6B
营收增速更快
AMAT
高出0.2%
-3.6%
净利率更高
AMAT
高出27.7%
0.2%
自由现金流更多
AMAT
多$2.0B
$16.0M
两年增速更快
AMAT
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $3.6B |
| 净利润 | $1.9B | $8.0M |
| 毛利率 | 48.0% | 42.4% |
| 营业利润率 | 25.2% | 2.0% |
| 净利率 | 27.9% | 0.2% |
| 营收同比 | -3.5% | -3.6% |
| 净利润同比 | 9.6% | -63.6% |
| 每股收益（稀释后） | $2.36 | $0.07 |
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AMATKSS
| Q4 25 | $6.8B | $3.6B | ||
| Q3 25 | $7.3B | $3.5B | ||
| Q2 25 | $7.1B | $3.2B | ||
| Q1 25 | $7.2B | $5.4B | ||
| Q4 24 | $7.0B | $3.7B | ||
| Q3 24 | $6.8B | $3.7B | ||
| Q2 24 | $6.6B | $3.4B | ||
| Q1 24 | $6.7B | $6.0B |
净利润AMATKSS
| Q4 25 | $1.9B | $8.0M | ||
| Q3 25 | $1.8B | $153.0M | ||
| Q2 25 | $2.1B | $-15.0M | ||
| Q1 25 | $1.2B | $48.0M | ||
| Q4 24 | $1.7B | $22.0M | ||
| Q3 24 | $1.7B | $66.0M | ||
| Q2 24 | $1.7B | $-27.0M | ||
| Q1 24 | $2.0B | $186.0M |
毛利率AMATKSS
| Q4 25 | 48.0% | 42.4% | ||
| Q3 25 | 48.8% | 43.3% | ||
| Q2 25 | 49.1% | 43.3% | ||
| Q1 25 | 48.8% | 35.6% | ||
| Q4 24 | 47.3% | 42.4% | ||
| Q3 24 | 47.3% | 43.0% | ||
| Q2 24 | 47.4% | 43.1% | ||
| Q1 24 | 47.8% | 35.2% |
营业利润率AMATKSS
| Q4 25 | 25.2% | 2.0% | ||
| Q3 25 | 30.6% | 7.9% | ||
| Q2 25 | 30.5% | 1.9% | ||
| Q1 25 | 30.4% | 2.3% | ||
| Q4 24 | 29.0% | 2.6% | ||
| Q3 24 | 28.7% | 4.4% | ||
| Q2 24 | 28.8% | 1.3% | ||
| Q1 24 | 29.3% | 5.0% |
净利率AMATKSS
| Q4 25 | 27.9% | 0.2% | ||
| Q3 25 | 24.4% | 4.3% | ||
| Q2 25 | 30.1% | -0.5% | ||
| Q1 25 | 16.5% | 0.9% | ||
| Q4 24 | 24.6% | 0.6% | ||
| Q3 24 | 25.2% | 1.8% | ||
| Q2 24 | 25.9% | -0.8% | ||
| Q1 24 | 30.1% | 3.1% |
每股收益（稀释后）AMATKSS
| Q4 25 | $2.36 | $0.07 | ||
| Q3 25 | $2.22 | $1.35 | ||
| Q2 25 | $2.63 | $-0.13 | ||
| Q1 25 | $1.45 | $0.43 | ||
| Q4 24 | $2.09 | $0.20 | ||
| Q3 24 | $2.05 | $0.59 | ||
| Q2 24 | $2.06 | $-0.24 | ||
| Q1 24 | $2.41 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.4B | $3.9B |
| 总资产 | $36.3B | $14.1B |
| 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AMATKSS
| Q4 25 | $8.6B | $144.0M | ||
| Q3 25 | $7.0B | $174.0M | ||
| Q2 25 | $6.7B | $153.0M | ||
| Q1 25 | $8.2B | $134.0M | ||
| Q4 24 | $9.5B | $174.0M | ||
| Q3 24 | $9.1B | $231.0M | ||
| Q2 24 | $7.6B | $228.0M | ||
| Q1 24 | $7.5B | $183.0M |
股东权益AMATKSS
| Q4 25 | $20.4B | $3.9B | ||
| Q3 25 | $19.5B | $3.9B | ||
| Q2 25 | $19.0B | $3.8B | ||
| Q1 25 | $18.6B | $3.8B | ||
| Q4 24 | $19.0B | $3.8B | ||
| Q3 24 | $18.8B | $3.8B | ||
| Q2 24 | $18.2B | $3.8B | ||
| Q1 24 | $17.4B | $3.9B |
总资产AMATKSS
| Q4 25 | $36.3B | $14.1B | ||
| Q3 25 | $34.2B | $13.4B | ||
| Q2 25 | $33.6B | $13.6B | ||
| Q1 25 | $33.3B | $13.6B | ||
| Q4 24 | $34.4B | $15.1B | ||
| Q3 24 | $33.6B | $14.2B | ||
| Q2 24 | $31.9B | $14.3B | ||
| Q1 24 | $31.5B | $14.0B |
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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $16.0M |
| 自由现金流率自由现金流/营收 | 30.0% | 0.4% |
| 资本支出强度资本支出/营收 | 11.5% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.49× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $5.7B | $819.0M |
8季度趋势，按日历期对齐
经营现金流AMATKSS
| Q4 25 | $2.8B | $124.0M | ||
| Q3 25 | $2.6B | $598.0M | ||
| Q2 25 | $1.6B | $-92.0M | ||
| Q1 25 | $925.0M | $596.0M | ||
| Q4 24 | $2.6B | $-195.0M | ||
| Q3 24 | $2.4B | $254.0M | ||
| Q2 24 | $1.4B | $-7.0M | ||
| Q1 24 | $2.3B | $789.0M |
自由现金流AMATKSS
| Q4 25 | $2.0B | $16.0M | ||
| Q3 25 | $2.0B | $508.0M | ||
| Q2 25 | $1.1B | $-202.0M | ||
| Q1 25 | $544.0M | $497.0M | ||
| Q4 24 | $2.2B | $-323.0M | ||
| Q3 24 | $2.1B | $141.0M | ||
| Q2 24 | $1.1B | $-133.0M | ||
| Q1 24 | $2.1B | $707.0M |
自由现金流率AMATKSS
| Q4 25 | 30.0% | 0.4% | ||
| Q3 25 | 28.1% | 14.3% | ||
| Q2 25 | 14.9% | -6.2% | ||
| Q1 25 | 7.6% | 9.2% | ||
| Q4 24 | 30.8% | -8.7% | ||
| Q3 24 | 30.8% | 3.8% | ||
| Q2 24 | 17.1% | -3.9% | ||
| Q1 24 | 31.3% | 11.9% |
资本支出强度AMATKSS
| Q4 25 | 11.5% | 3.0% | ||
| Q3 25 | 8.0% | 2.5% | ||
| Q2 25 | 7.2% | 3.4% | ||
| Q1 25 | 5.3% | 1.8% | ||
| Q4 24 | 5.8% | 3.5% | ||
| Q3 24 | 4.4% | 3.0% | ||
| Q2 24 | 3.9% | 3.7% | ||
| Q1 24 | 3.4% | 1.4% |
现金转化率AMATKSS
| Q4 25 | 1.49× | 15.50× | ||
| Q3 25 | 1.48× | 3.91× | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.78× | 12.42× | ||
| Q4 24 | 1.49× | -8.86× | ||
| Q3 24 | 1.40× | 3.85× | ||
| Q2 24 | 0.81× | — | ||
| Q1 24 | 1.15× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
