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应用材料（AMAT）与迈梭电子（MEI）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迈梭电子的27.5倍（$6.8B vs $246.9M）。应用材料净利率更高（27.9% vs -4.0%，领先31.9%）。应用材料同比增速更快（-3.5% vs -15.6%）。应用材料自由现金流更多（$2.0B vs $-11.6M）。过去两年应用材料的营收复合增速更高（0.7% vs -2.5%）
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。
迈梭电子是一家总部位于美国伊利诺伊州芝加哥的跨国企业，主要业务涵盖工程研发、生产制造与销售服务，目前在全球14个国家设有超过35个运营网点，全球员工总数约6500人。
AMAT vs MEI — 直观对比
营收规模更大
AMAT
是对方的27.5倍
$246.9M
营收增速更快
AMAT
高出12.1%
-15.6%
净利率更高
AMAT
高出31.9%
-4.0%
自由现金流更多
AMAT
多$2.1B
$-11.6M
两年增速更快
AMAT
近两年复合增速
-2.5%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $246.9M |
| 净利润 | $1.9B | $-9.9M |
| 毛利率 | 48.0% | 19.3% |
| 营业利润率 | 25.2% | 1.2% |
| 净利率 | 27.9% | -4.0% |
| 营收同比 | -3.5% | -15.6% |
| 净利润同比 | 9.6% | -518.8% |
| 每股收益（稀释后） | $2.36 | $-0.28 |
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AMATMEI
| Q4 25 | $6.8B | $246.9M | ||
| Q3 25 | $7.3B | $240.5M | ||
| Q2 25 | $7.1B | $257.1M | ||
| Q1 25 | $7.2B | $239.9M | ||
| Q4 24 | $7.0B | $292.6M | ||
| Q3 24 | $6.8B | $258.5M | ||
| Q2 24 | $6.6B | $277.3M | ||
| Q1 24 | $6.7B | $259.5M |
净利润AMATMEI
| Q4 25 | $1.9B | $-9.9M | ||
| Q3 25 | $1.8B | $-10.3M | ||
| Q2 25 | $2.1B | $-28.3M | ||
| Q1 25 | $1.2B | $-14.4M | ||
| Q4 24 | $1.7B | $-1.6M | ||
| Q3 24 | $1.7B | $-18.3M | ||
| Q2 24 | $1.7B | $-57.3M | ||
| Q1 24 | $2.0B | $-11.6M |
毛利率AMATMEI
| Q4 25 | 48.0% | 19.3% | ||
| Q3 25 | 48.8% | 18.1% | ||
| Q2 25 | 49.1% | 7.6% | ||
| Q1 25 | 48.8% | 17.2% | ||
| Q4 24 | 47.3% | 19.8% | ||
| Q3 24 | 47.3% | 17.3% | ||
| Q2 24 | 47.4% | 12.8% | ||
| Q1 24 | 47.8% | 14.3% |
营业利润率AMATMEI
| Q4 25 | 25.2% | 1.2% | ||
| Q3 25 | 30.6% | 0.5% | ||
| Q2 25 | 30.5% | -9.2% | ||
| Q1 25 | 30.4% | -0.9% | ||
| Q4 24 | 29.0% | 3.2% | ||
| Q3 24 | 28.7% | -2.9% | ||
| Q2 24 | 28.8% | -22.2% | ||
| Q1 24 | 29.3% | -1.2% |
净利率AMATMEI
| Q4 25 | 27.9% | -4.0% | ||
| Q3 25 | 24.4% | -4.3% | ||
| Q2 25 | 30.1% | -11.0% | ||
| Q1 25 | 16.5% | -6.0% | ||
| Q4 24 | 24.6% | -0.5% | ||
| Q3 24 | 25.2% | -7.1% | ||
| Q2 24 | 25.9% | -20.7% | ||
| Q1 24 | 30.1% | -4.5% |
每股收益（稀释后）AMATMEI
| Q4 25 | $2.36 | $-0.28 | ||
| Q3 25 | $2.22 | $-0.29 | ||
| Q2 25 | $2.63 | $-0.79 | ||
| Q1 25 | $1.45 | $-0.41 | ||
| Q4 24 | $2.09 | $-0.05 | ||
| Q3 24 | $2.05 | $-0.52 | ||
| Q2 24 | $2.06 | $-1.62 | ||
| Q1 24 | $2.41 | $-0.33 |
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 | $118.5M |
| 总债务越低越好 | — | $332.5M |
| 股东权益账面价值 | $20.4B | $679.3M |
| 总资产 | $36.3B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AMATMEI
| Q4 25 | $8.6B | $118.5M | ||
| Q3 25 | $7.0B | $121.1M | ||
| Q2 25 | $6.7B | $103.6M | ||
| Q1 25 | $8.2B | $103.8M | ||
| Q4 24 | $9.5B | $97.0M | ||
| Q3 24 | $9.1B | $111.3M | ||
| Q2 24 | $7.6B | $161.5M | ||
| Q1 24 | $7.5B | $122.9M |
总债务AMATMEI
| Q4 25 | — | $332.5M | ||
| Q3 25 | — | $323.4M | ||
| Q2 25 | — | $317.6M | ||
| Q1 25 | — | $327.9M | ||
| Q4 24 | — | $340.6M | ||
| Q3 24 | — | $296.0M | ||
| Q2 24 | — | $330.9M | ||
| Q1 24 | — | $331.3M |
股东权益AMATMEI
| Q4 25 | $20.4B | $679.3M | ||
| Q3 25 | $19.5B | $688.1M | ||
| Q2 25 | $19.0B | $693.3M | ||
| Q1 25 | $18.6B | $704.3M | ||
| Q4 24 | $19.0B | $738.3M | ||
| Q3 24 | $18.8B | $744.4M | ||
| Q2 24 | $18.2B | $766.0M | ||
| Q1 24 | $17.4B | $835.0M |
总资产AMATMEI
| Q4 25 | $36.3B | $1.3B | ||
| Q3 25 | $34.2B | $1.3B | ||
| Q2 25 | $33.6B | $1.3B | ||
| Q1 25 | $33.3B | $1.3B | ||
| Q4 24 | $34.4B | $1.4B | ||
| Q3 24 | $33.6B | $1.4B | ||
| Q2 24 | $31.9B | $1.4B | ||
| Q1 24 | $31.5B | $1.5B |
负债/权益比AMATMEI
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.40× |
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 | $-7.4M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-11.6M |
| 自由现金流率自由现金流/营收 | 30.0% | -4.7% |
| 资本支出强度资本支出/营收 | 11.5% | 1.7% |
| 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 | $52.3M |
8季度趋势，按日历期对齐
经营现金流AMATMEI
| Q4 25 | $2.8B | $-7.4M | ||
| Q3 25 | $2.6B | $25.1M | ||
| Q2 25 | $1.6B | $35.4M | ||
| Q1 25 | $925.0M | $28.1M | ||
| Q4 24 | $2.6B | $-48.0M | ||
| Q3 24 | $2.4B | $10.9M | ||
| Q2 24 | $1.4B | $24.9M | ||
| Q1 24 | $2.3B | $28.8M |
自由现金流AMATMEI
| Q4 25 | $2.0B | $-11.6M | ||
| Q3 25 | $2.0B | $18.0M | ||
| Q2 25 | $1.1B | $26.3M | ||
| Q1 25 | $544.0M | $19.6M | ||
| Q4 24 | $2.2B | $-58.4M | ||
| Q3 24 | $2.1B | $-2.7M | ||
| Q2 24 | $1.1B | $15.8M | ||
| Q1 24 | $2.1B | $12.2M |
自由现金流率AMATMEI
| Q4 25 | 30.0% | -4.7% | ||
| Q3 25 | 28.1% | 7.5% | ||
| Q2 25 | 14.9% | 10.2% | ||
| Q1 25 | 7.6% | 8.2% | ||
| Q4 24 | 30.8% | -20.0% | ||
| Q3 24 | 30.8% | -1.0% | ||
| Q2 24 | 17.1% | 5.7% | ||
| Q1 24 | 31.3% | 4.7% |
资本支出强度AMATMEI
| Q4 25 | 11.5% | 1.7% | ||
| Q3 25 | 8.0% | 3.0% | ||
| Q2 25 | 7.2% | 3.5% | ||
| Q1 25 | 5.3% | 3.5% | ||
| Q4 24 | 5.8% | 3.6% | ||
| Q3 24 | 4.4% | 5.3% | ||
| Q2 24 | 3.9% | 3.3% | ||
| Q1 24 | 3.4% | 6.4% |
现金转化率AMATMEI
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 0.81× | — | ||
| Q1 24 | 1.15× | — |
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% |
MEI
暂无分部数据
