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应用材料（AMAT）与斯伦贝谢（SLB）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是应用材料的1.1倍（$8.7B vs $7.9B），应用材料净利率更高（35.5% vs 8.6%，领先26.9%），应用材料同比增速更快（11.0% vs 2.7%），过去两年应用材料的营收复合增速更高（8.0% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
AMAT vs SLB — 直观对比
营收规模更大
SLB
是对方的1.1倍
$7.9B
营收增速更快
AMAT
高出8.3%
2.7%
净利率更高
AMAT
高出26.9%
8.6%
两年增速更快
AMAT
近两年复合增速
-2.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.9B | $8.7B |
| 净利润 | $2.8B | $752.0M |
| 毛利率 | 49.9% | — |
| 营业利润率 | 26.4% | — |
| 净利率 | 35.5% | 8.6% |
| 营收同比 | 11.0% | 2.7% |
| 净利润同比 | 31.0% | -5.6% |
| 每股收益（稀释后） | $3.51 | $0.50 |
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AMATSLB
| Q2 26 | $7.9B | — | ||
| Q1 26 | $7.0B | $8.7B | ||
| Q4 25 | $6.8B | $9.7B | ||
| Q3 25 | $7.3B | $8.9B | ||
| Q2 25 | $7.1B | $8.5B | ||
| Q1 25 | $7.2B | $8.5B | ||
| Q4 24 | $7.0B | $9.3B | ||
| Q3 24 | $6.8B | $9.2B |
净利润AMATSLB
| Q2 26 | $2.8B | — | ||
| Q1 26 | $2.0B | $752.0M | ||
| Q4 25 | $1.9B | $824.0M | ||
| Q3 25 | $1.8B | $739.0M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $1.2B | $797.0M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $1.2B |
毛利率AMATSLB
| Q2 26 | 49.9% | — | ||
| Q1 26 | 49.0% | — | ||
| Q4 25 | 48.0% | — | ||
| Q3 25 | 48.8% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 47.3% | — |
营业利润率AMATSLB
| Q2 26 | 26.4% | — | ||
| Q1 26 | 20.4% | — | ||
| Q4 25 | 25.2% | 9.7% | ||
| Q3 25 | 30.6% | 11.2% | ||
| Q2 25 | 30.5% | 15.0% | ||
| Q1 25 | 30.4% | 12.5% | ||
| Q4 24 | 29.0% | 14.9% | ||
| Q3 24 | 28.7% | 16.5% |
净利率AMATSLB
| Q2 26 | 35.5% | — | ||
| Q1 26 | 28.9% | 8.6% | ||
| Q4 25 | 27.9% | 8.5% | ||
| Q3 25 | 24.4% | 8.3% | ||
| Q2 25 | 30.1% | 11.9% | ||
| Q1 25 | 16.5% | 9.4% | ||
| Q4 24 | 24.6% | 11.8% | ||
| Q3 24 | 25.2% | 12.9% |
每股收益（稀释后）AMATSLB
| Q2 26 | $3.51 | — | ||
| Q1 26 | $2.54 | $0.50 | ||
| Q4 25 | $2.36 | $0.53 | ||
| Q3 25 | $2.22 | $0.50 | ||
| Q2 25 | $2.63 | $0.74 | ||
| Q1 25 | $1.45 | $0.58 | ||
| Q4 24 | $2.09 | $0.77 | ||
| Q3 24 | $2.05 | $0.83 |
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 | $8.2B | $3.4B |
| 总债务越低越好 | $6.5B | $9.7B |
| 股东权益账面价值 | $23.9B | $27.4B |
| 总资产 | $40.3B | $19.3B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AMATSLB
| Q2 26 | $8.2B | — | ||
| Q1 26 | $8.5B | $3.4B | ||
| Q4 25 | $8.6B | $1.2B | ||
| Q3 25 | $7.0B | $571.0M | ||
| Q2 25 | $6.7B | $511.0M | ||
| Q1 25 | $8.2B | $961.0M | ||
| Q4 24 | $9.5B | $1.1B | ||
| Q3 24 | $9.1B | $1.4B |
总债务AMATSLB
| Q2 26 | $6.5B | — | ||
| Q1 26 | $6.6B | $9.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
股东权益AMATSLB
| Q2 26 | $23.9B | — | ||
| Q1 26 | $21.7B | $27.4B | ||
| Q4 25 | $20.4B | $26.1B | ||
| Q3 25 | $19.5B | $25.6B | ||
| Q2 25 | $19.0B | $20.3B | ||
| Q1 25 | $18.6B | $19.5B | ||
| Q4 24 | $19.0B | $21.1B | ||
| Q3 24 | $18.8B | $21.5B |
总资产AMATSLB
| Q2 26 | $40.3B | — | ||
| Q1 26 | $37.6B | $19.3B | ||
| Q4 25 | $36.3B | $54.9B | ||
| Q3 25 | $34.2B | $55.1B | ||
| Q2 25 | $33.6B | $48.8B | ||
| Q1 25 | $33.3B | $49.0B | ||
| Q4 24 | $34.4B | $48.9B | ||
| Q3 24 | $33.6B | $49.8B |
负债/权益比AMATSLB
| Q2 26 | 0.27× | — | ||
| Q1 26 | 0.30× | 0.35× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $103.0M |
| 自由现金流率自由现金流/营收 | — | 1.2% |
| 资本支出强度资本支出/营收 | 8.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $4.6B |
8季度趋势，按日历期对齐
经营现金流AMATSLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $925.0M | $660.0M | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.4B | $2.4B |
自由现金流AMATSLB
| Q2 26 | — | — | ||
| Q1 26 | — | $103.0M | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.1B | $771.0M | ||
| Q1 25 | $544.0M | $262.0M | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.1B | $2.0B |
自由现金流率AMATSLB
| Q2 26 | — | — | ||
| Q1 26 | — | 1.2% | ||
| Q4 25 | 30.0% | 25.5% | ||
| Q3 25 | 28.1% | 14.3% | ||
| Q2 25 | 14.9% | 9.0% | ||
| Q1 25 | 7.6% | 3.1% | ||
| Q4 24 | 30.8% | 19.2% | ||
| Q3 24 | 30.8% | 21.7% |
资本支出强度AMATSLB
| Q2 26 | 8.0% | — | ||
| Q1 26 | 9.2% | — | ||
| Q4 25 | 11.5% | 5.3% | ||
| Q3 25 | 8.0% | 4.6% | ||
| Q2 25 | 7.2% | 4.3% | ||
| Q1 25 | 5.3% | 4.7% | ||
| Q4 24 | 5.8% | 6.6% | ||
| Q3 24 | 4.4% | 5.0% |
现金转化率AMATSLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 3.65× | ||
| Q3 25 | 1.48× | 2.28× | ||
| Q2 25 | 0.74× | 1.13× | ||
| Q1 25 | 0.78× | 0.83× | ||
| Q4 24 | 1.49× | 2.18× | ||
| Q3 24 | 1.40× | 2.06× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
