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应用材料（AMAT）与LPL Financial Holdings Inc.（LPLA）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LPL Financial Holdings Inc.的1.4倍（$6.8B vs $4.9B），应用材料净利率更高（27.9% vs 6.1%，领先21.8%），LPL Financial Holdings Inc.同比增速更快（40.4% vs -3.5%），应用材料自由现金流更多（$2.0B vs $613.3M），过去两年LPL Financial Holdings Inc.的营收复合增速更高（32.0% 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。
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
AMAT vs LPLA — 直观对比
营收规模更大
AMAT
是对方的1.4倍
$4.9B
营收增速更快
LPLA
高出43.9%
-3.5%
净利率更高
AMAT
高出21.8%
6.1%
自由现金流更多
AMAT
多$1.4B
$613.3M
两年增速更快
LPLA
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $4.9B |
| 净利润 | $1.9B | $300.7M |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 8.1% |
| 净利率 | 27.9% | 6.1% |
| 营收同比 | -3.5% | 40.4% |
| 净利润同比 | 9.6% | 11.1% |
| 每股收益（稀释后） | $2.36 | $3.65 |
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AMATLPLA
| Q4 25 | $6.8B | $4.9B | ||
| Q3 25 | $7.3B | $4.6B | ||
| Q2 25 | $7.1B | $3.8B | ||
| Q1 25 | $7.2B | $3.7B | ||
| Q4 24 | $7.0B | $3.5B | ||
| Q3 24 | $6.8B | $3.1B | ||
| Q2 24 | $6.6B | $2.9B | ||
| Q1 24 | $6.7B | $2.8B |
净利润AMATLPLA
| Q4 25 | $1.9B | $300.7M | ||
| Q3 25 | $1.8B | $-29.5M | ||
| Q2 25 | $2.1B | $273.2M | ||
| Q1 25 | $1.2B | $318.6M | ||
| Q4 24 | $1.7B | $270.7M | ||
| Q3 24 | $1.7B | $255.3M | ||
| Q2 24 | $1.7B | $243.8M | ||
| Q1 24 | $2.0B | $288.8M |
毛利率AMATLPLA
| 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AMATLPLA
| Q4 25 | 25.2% | 8.1% | ||
| Q3 25 | 30.6% | -0.7% | ||
| Q2 25 | 30.5% | 9.6% | ||
| Q1 25 | 30.4% | 11.4% | ||
| Q4 24 | 29.0% | 9.7% | ||
| Q3 24 | 28.7% | 11.2% | ||
| Q2 24 | 28.8% | 11.3% | ||
| Q1 24 | 29.3% | 13.2% |
净利率AMATLPLA
| Q4 25 | 27.9% | 6.1% | ||
| Q3 25 | 24.4% | -0.6% | ||
| Q2 25 | 30.1% | 7.1% | ||
| Q1 25 | 16.5% | 8.7% | ||
| Q4 24 | 24.6% | 7.7% | ||
| Q3 24 | 25.2% | 8.2% | ||
| Q2 24 | 25.9% | 8.3% | ||
| Q1 24 | 30.1% | 10.2% |
每股收益（稀释后）AMATLPLA
| Q4 25 | $2.36 | $3.65 | ||
| Q3 25 | $2.22 | $-0.37 | ||
| Q2 25 | $2.63 | $3.40 | ||
| Q1 25 | $1.45 | $4.24 | ||
| Q4 24 | $2.09 | $3.58 | ||
| Q3 24 | $2.05 | $3.39 | ||
| Q2 24 | $2.06 | $3.23 | ||
| Q1 24 | $2.41 | $3.83 |
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 | $1.1B |
| 总债务越低越好 | — | $7.3B |
| 股东权益账面价值 | $20.4B | $5.3B |
| 总资产 | $36.3B | $18.5B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资AMATLPLA
| Q4 25 | $8.6B | $1.1B | ||
| Q3 25 | $7.0B | $1.6B | ||
| Q2 25 | $6.7B | $4.3B | ||
| Q1 25 | $8.2B | $1.4B | ||
| Q4 24 | $9.5B | $1.0B | ||
| Q3 24 | $9.1B | $1.6B | ||
| Q2 24 | $7.6B | $1.4B | ||
| Q1 24 | $7.5B | $1.2B |
总债务AMATLPLA
| Q4 25 | — | $7.3B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $3.9B |
股东权益AMATLPLA
| Q4 25 | $20.4B | $5.3B | ||
| Q3 25 | $19.5B | $5.0B | ||
| Q2 25 | $19.0B | $5.1B | ||
| Q1 25 | $18.6B | $3.1B | ||
| Q4 24 | $19.0B | $2.9B | ||
| Q3 24 | $18.8B | $2.8B | ||
| Q2 24 | $18.2B | $2.5B | ||
| Q1 24 | $17.4B | $2.3B |
总资产AMATLPLA
| Q4 25 | $36.3B | $18.5B | ||
| Q3 25 | $34.2B | $18.0B | ||
| Q2 25 | $33.6B | $17.5B | ||
| Q1 25 | $33.3B | $14.0B | ||
| Q4 24 | $34.4B | $13.3B | ||
| Q3 24 | $33.6B | $11.9B | ||
| Q2 24 | $31.9B | $11.5B | ||
| Q1 24 | $31.5B | $11.0B |
负债/权益比AMATLPLA
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.77× | ||
| Q1 24 | — | 1.70× |
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 | $785.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $613.3M |
| 自由现金流率自由现金流/营收 | 30.0% | 12.4% |
| 资本支出强度资本支出/营收 | 11.5% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.49× | 2.61× |
| 过去12个月自由现金流最近4个季度 | $5.7B | $-981.8M |
8季度趋势，按日历期对齐
经营现金流AMATLPLA
| Q4 25 | $2.8B | $785.0M | ||
| Q3 25 | $2.6B | $-1.7B | ||
| Q2 25 | $1.6B | $193.3M | ||
| Q1 25 | $925.0M | $339.8M | ||
| Q4 24 | $2.6B | $-178.8M | ||
| Q3 24 | $2.4B | $209.3M | ||
| Q2 24 | $1.4B | $-178.9M | ||
| Q1 24 | $2.3B | $425.9M |
自由现金流AMATLPLA
| Q4 25 | $2.0B | $613.3M | ||
| Q3 25 | $2.0B | $-1.9B | ||
| Q2 25 | $1.1B | $56.3M | ||
| Q1 25 | $544.0M | $220.3M | ||
| Q4 24 | $2.2B | $-344.3M | ||
| Q3 24 | $2.1B | $62.3M | ||
| Q2 24 | $1.1B | $-307.8M | ||
| Q1 24 | $2.1B | $304.9M |
自由现金流率AMATLPLA
| Q4 25 | 30.0% | 12.4% | ||
| Q3 25 | 28.1% | -41.1% | ||
| Q2 25 | 14.9% | 1.5% | ||
| Q1 25 | 7.6% | 6.0% | ||
| Q4 24 | 30.8% | -9.8% | ||
| Q3 24 | 30.8% | 2.0% | ||
| Q2 24 | 17.1% | -10.5% | ||
| Q1 24 | 31.3% | 10.8% |
资本支出强度AMATLPLA
| Q4 25 | 11.5% | 3.5% | ||
| Q3 25 | 8.0% | 3.1% | ||
| Q2 25 | 7.2% | 3.6% | ||
| Q1 25 | 5.3% | 3.3% | ||
| Q4 24 | 5.8% | 4.7% | ||
| Q3 24 | 4.4% | 4.7% | ||
| Q2 24 | 3.9% | 4.4% | ||
| Q1 24 | 3.4% | 4.3% |
现金转化率AMATLPLA
| Q4 25 | 1.49× | 2.61× | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.74× | 0.71× | ||
| Q1 25 | 0.78× | 1.07× | ||
| Q4 24 | 1.49× | -0.66× | ||
| Q3 24 | 1.40× | 0.82× | ||
| Q2 24 | 0.81× | -0.73× | ||
| Q1 24 | 1.15× | 1.47× |
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% |
LPLA
暂无分部数据
