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安霸（AMBA）与树莓派（ARM）财务数据对比。点击上方公司名可切换其他公司
树莓派的季度营收约是安霸的11.5倍（$1.2B vs $108.5M）。树莓派净利率更高（18.0% vs -13.9%，领先31.9%）。安霸同比增速更快（31.2% vs 26.3%）。树莓派自由现金流更多（$186.0M vs $31.4M）。过去两年安霸的营收复合增速更高（45.0% vs 24.1%）
安霸是美国无晶圆厂半导体设计企业，专注于低功耗高清、超高清视频压缩、图像处理及计算机视觉处理器研发。其芯片产品广泛应用于视频安防、高级驾驶辅助系统、电子后视镜、行车记录仪、驾驶舱内监测、自动驾驶、机器人等多元人机视觉场景。
树莓派是英国科技企业，设计并销售同名品牌的单板计算机、半导体及相关配件。初代产品由树莓派基金会研发，旨在推广计算机科学教育，推出后迅速受到爱好者和专业人士欢迎，目前已广泛应用于工业及嵌入式领域。
AMBA vs ARM — 直观对比
营收规模更大
ARM
是对方的11.5倍
$108.5M
营收增速更快
AMBA
高出4.9%
26.3%
净利率更高
ARM
高出31.9%
-13.9%
自由现金流更多
ARM
多$154.6M
$31.4M
两年增速更快
AMBA
近两年复合增速
24.1%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $1.2B |
| 净利润 | $-15.1M | $223.0M |
| 毛利率 | 59.6% | 97.6% |
| 营业利润率 | -15.0% | 14.9% |
| 净利率 | -13.9% | 18.0% |
| 营收同比 | 31.2% | 26.3% |
| 净利润同比 | 37.2% | -11.5% |
| 每股收益（稀释后） | $-0.35 | $0.21 |
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AMBAARM
| Q4 25 | $108.5M | $1.2B | ||
| Q3 25 | $95.5M | $1.1B | ||
| Q2 25 | $85.9M | $1.1B | ||
| Q1 25 | $84.0M | — | ||
| Q4 24 | $82.7M | $983.0M | ||
| Q3 24 | $63.7M | $844.0M | ||
| Q2 24 | $54.5M | $939.0M | ||
| Q1 24 | $51.6M | — |
净利润AMBAARM
| Q4 25 | $-15.1M | $223.0M | ||
| Q3 25 | $-20.0M | $238.0M | ||
| Q2 25 | $-24.3M | $130.0M | ||
| Q1 25 | $-20.2M | — | ||
| Q4 24 | $-24.1M | $252.0M | ||
| Q3 24 | $-34.9M | $107.0M | ||
| Q2 24 | $-37.9M | $223.0M | ||
| Q1 24 | $-60.6M | — |
毛利率AMBAARM
| Q4 25 | 59.6% | 97.6% | ||
| Q3 25 | 58.9% | 97.4% | ||
| Q2 25 | 60.0% | 97.2% | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 60.6% | 97.2% | ||
| Q3 24 | 60.8% | 96.2% | ||
| Q2 24 | 60.9% | 96.5% | ||
| Q1 24 | 59.8% | — |
营业利润率AMBAARM
| Q4 25 | -15.0% | 14.9% | ||
| Q3 25 | -23.0% | 14.4% | ||
| Q2 25 | -30.1% | 10.8% | ||
| Q1 25 | -30.2% | — | ||
| Q4 24 | -30.9% | 17.8% | ||
| Q3 24 | -56.9% | 7.6% | ||
| Q2 24 | -72.4% | 19.4% | ||
| Q1 24 | -80.8% | — |
净利率AMBAARM
| Q4 25 | -13.9% | 18.0% | ||
| Q3 25 | -20.9% | 21.0% | ||
| Q2 25 | -28.3% | 12.3% | ||
| Q1 25 | -24.1% | — | ||
| Q4 24 | -29.1% | 25.6% | ||
| Q3 24 | -54.8% | 12.7% | ||
| Q2 24 | -69.6% | 23.7% | ||
| Q1 24 | -117.4% | — |
每股收益（稀释后）AMBAARM
| Q4 25 | $-0.35 | $0.21 | ||
| Q3 25 | $-0.47 | $0.22 | ||
| Q2 25 | $-0.58 | $0.12 | ||
| Q1 25 | $-0.48 | — | ||
| Q4 24 | $-0.58 | $0.24 | ||
| Q3 24 | $-0.85 | $0.10 | ||
| Q2 24 | $-0.93 | $0.21 | ||
| Q1 24 | $-1.51 | — |
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 | $174.1M | $3.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $590.1M | $7.8B |
| 总资产 | $751.9M | $10.2B |
| 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AMBAARM
| Q4 25 | $174.1M | $3.5B | ||
| Q3 25 | $142.7M | $3.3B | ||
| Q2 25 | $141.3M | $2.9B | ||
| Q1 25 | $144.6M | — | ||
| Q4 24 | $127.1M | $2.7B | ||
| Q3 24 | $153.9M | $2.4B | ||
| Q2 24 | $131.8M | $2.5B | ||
| Q1 24 | $144.9M | — |
股东权益AMBAARM
| Q4 25 | $590.1M | $7.8B | ||
| Q3 25 | $576.5M | $7.4B | ||
| Q2 25 | $572.7M | $7.0B | ||
| Q1 25 | $561.4M | — | ||
| Q4 24 | $554.3M | $6.4B | ||
| Q3 24 | $547.6M | $6.0B | ||
| Q2 24 | $555.4M | $5.7B | ||
| Q1 24 | $559.9M | — |
总资产AMBAARM
| Q4 25 | $751.9M | $10.2B | ||
| Q3 25 | $706.4M | $9.7B | ||
| Q2 25 | $701.9M | $9.4B | ||
| Q1 25 | $689.0M | — | ||
| Q4 24 | $670.8M | $8.5B | ||
| Q3 24 | $650.3M | $8.1B | ||
| Q2 24 | $638.7M | $7.9B | ||
| Q1 24 | $657.7M | — |
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 | $34.3M | $365.0M |
| 自由现金流经营现金流 - 资本支出 | $31.4M | $186.0M |
| 自由现金流率自由现金流/营收 | 29.0% | 15.0% |
| 资本支出强度资本支出/营收 | 2.7% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 1.64× |
| 过去12个月自由现金流最近4个季度 | $64.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AMBAARM
| Q4 25 | $34.3M | $365.0M | ||
| Q3 25 | $5.5M | $567.0M | ||
| Q2 25 | $14.8M | $332.0M | ||
| Q1 25 | $25.4M | — | ||
| Q4 24 | $6.6M | $423.0M | ||
| Q3 24 | $16.7M | $6.0M | ||
| Q2 24 | $-15.0M | $-290.0M | ||
| Q1 24 | $-4.0M | — |
自由现金流AMBAARM
| Q4 25 | $31.4M | $186.0M | ||
| Q3 25 | $1.4M | $429.0M | ||
| Q2 25 | $10.2M | $178.0M | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $4.1M | $360.0M | ||
| Q3 24 | $14.2M | $-47.0M | ||
| Q2 24 | $-16.1M | $-319.0M | ||
| Q1 24 | $-6.0M | — |
自由现金流率AMBAARM
| Q4 25 | 29.0% | 15.0% | ||
| Q3 25 | 1.4% | 37.8% | ||
| Q2 25 | 11.9% | 16.9% | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 5.0% | 36.6% | ||
| Q3 24 | 22.2% | -5.6% | ||
| Q2 24 | -29.5% | -34.0% | ||
| Q1 24 | -11.6% | — |
资本支出强度AMBAARM
| Q4 25 | 2.7% | 14.4% | ||
| Q3 25 | 4.3% | 12.2% | ||
| Q2 25 | 5.3% | 14.6% | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 3.0% | 6.4% | ||
| Q3 24 | 4.0% | 6.3% | ||
| Q2 24 | 2.1% | 3.1% | ||
| Q1 24 | 3.7% | — |
现金转化率AMBAARM
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 2.38× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | -1.30× | ||
| Q1 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
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
ARM
| Royalty | $737.0M | 59% |
| Transferred Over Time | $294.0M | 24% |
| Transferred At Point In Time | $211.0M | 17% |
