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应用材料（AMAT）与史密斯菲尔德食品（SFD）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史密斯菲尔德食品的1.8倍（$6.8B vs $3.8B），应用材料净利率更高（27.9% vs 6.6%，领先21.3%），史密斯菲尔德食品同比增速更快（0.8% vs -3.5%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
AMAT vs SFD — 直观对比
营收规模更大
AMAT
是对方的1.8倍
$3.8B
营收增速更快
SFD
高出4.2%
-3.5%
净利率更高
AMAT
高出21.3%
6.6%
两年增速更快
SFD
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $3.8B |
| 净利润 | $1.9B | $249.0M |
| 毛利率 | 48.0% | 13.4% |
| 营业利润率 | 25.2% | 8.8% |
| 净利率 | 27.9% | 6.6% |
| 营收同比 | -3.5% | 0.8% |
| 净利润同比 | 9.6% | 9.8% |
| 每股收益（稀释后） | $2.36 | — |
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AMATSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.8B | $4.2B | ||
| Q3 25 | $7.3B | $3.7B | ||
| Q2 25 | $7.1B | $3.8B | ||
| Q1 25 | $7.2B | $3.8B | ||
| Q4 24 | $7.0B | $4.0B | ||
| Q3 24 | $6.8B | $3.3B | ||
| Q2 24 | $6.6B | — |
净利润AMATSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $1.9B | $327.0M | ||
| Q3 25 | $1.8B | $248.0M | ||
| Q2 25 | $2.1B | $188.0M | ||
| Q1 25 | $1.2B | $224.0M | ||
| Q4 24 | $1.7B | $205.0M | ||
| Q3 24 | $1.7B | $291.0M | ||
| Q2 24 | $1.7B | — |
毛利率AMATSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 48.0% | 14.2% | ||
| Q3 25 | 48.8% | 12.8% | ||
| Q2 25 | 49.1% | 13.2% | ||
| Q1 25 | 48.8% | 13.5% | ||
| Q4 24 | 47.3% | 13.5% | ||
| Q3 24 | 47.3% | 14.3% | ||
| Q2 24 | 47.4% | — |
营业利润率AMATSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 25.2% | 9.5% | ||
| Q3 25 | 30.6% | 8.3% | ||
| Q2 25 | 30.5% | 6.9% | ||
| Q1 25 | 30.4% | 8.5% | ||
| Q4 24 | 29.0% | 8.5% | ||
| Q3 24 | 28.7% | 8.5% | ||
| Q2 24 | 28.8% | — |
净利率AMATSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 27.9% | 7.7% | ||
| Q3 25 | 24.4% | 6.6% | ||
| Q2 25 | 30.1% | 5.0% | ||
| Q1 25 | 16.5% | 5.9% | ||
| Q4 24 | 24.6% | 5.2% | ||
| Q3 24 | 25.2% | 8.7% | ||
| Q2 24 | 25.9% | — |
每股收益（稀释后）AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.83 | ||
| Q3 25 | $2.22 | $0.63 | ||
| Q2 25 | $2.63 | $0.48 | ||
| Q1 25 | $1.45 | $0.57 | ||
| Q4 24 | $2.09 | $0.54 | ||
| Q3 24 | $2.05 | $0.77 | ||
| 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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.4B | $6.9B |
| 总资产 | $36.3B | $12.0B |
| 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AMATSFD
| Q1 26 | — | $1.4B | ||
| 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 | — |
总债务AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMATSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $20.4B | $6.8B | ||
| Q3 25 | $19.5B | $6.5B | ||
| Q2 25 | $19.0B | $6.3B | ||
| Q1 25 | $18.6B | $6.2B | ||
| Q4 24 | $19.0B | $5.8B | ||
| Q3 24 | $18.8B | — | ||
| Q2 24 | $18.2B | — |
总资产AMATSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $36.3B | $12.2B | ||
| Q3 25 | $34.2B | $11.5B | ||
| Q2 25 | $33.6B | $11.2B | ||
| Q1 25 | $33.3B | $11.1B | ||
| Q4 24 | $34.4B | $11.1B | ||
| Q3 24 | $33.6B | — | ||
| Q2 24 | $31.9B | — |
负债/权益比AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| 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 | — |
| 自由现金流率自由现金流/营收 | 30.0% | — |
| 资本支出强度资本支出/营收 | 11.5% | 2.3% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $938.0M | ||
| Q3 25 | $2.6B | $13.0M | ||
| Q2 25 | $1.6B | $274.0M | ||
| Q1 25 | $925.0M | $-166.0M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.4B | — |
自由现金流AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $842.0M | ||
| Q3 25 | $2.0B | $-75.0M | ||
| Q2 25 | $1.1B | $196.0M | ||
| Q1 25 | $544.0M | $-245.0M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.1B | — |
自由现金流率AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | 30.0% | 19.9% | ||
| Q3 25 | 28.1% | -2.0% | ||
| Q2 25 | 14.9% | 5.2% | ||
| Q1 25 | 7.6% | -6.5% | ||
| Q4 24 | 30.8% | — | ||
| Q3 24 | 30.8% | — | ||
| Q2 24 | 17.1% | — |
资本支出强度AMATSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 11.5% | 2.3% | ||
| Q3 25 | 8.0% | 2.3% | ||
| Q2 25 | 7.2% | 2.1% | ||
| Q1 25 | 5.3% | 2.1% | ||
| Q4 24 | 5.8% | 2.1% | ||
| Q3 24 | 4.4% | 2.8% | ||
| Q2 24 | 3.9% | — |
现金转化率AMATSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 2.87× | ||
| Q3 25 | 1.48× | 0.05× | ||
| Q2 25 | 0.74× | 1.46× | ||
| Q1 25 | 0.78× | -0.74× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 0.81× | — |
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% |
SFD
暂无分部数据
