vs
安霸（AMBA）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是安霸的1.1倍（$123.0M vs $108.5M），安霸同比增速更快（31.2% vs 1.9%），过去两年安霸的营收复合增速更高（45.0% vs 3.3%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
AMBA vs MSTR — 直观对比
营收规模更大
MSTR
是对方的1.1倍
$108.5M
营收增速更快
AMBA
高出29.3%
1.9%
两年增速更快
AMBA
近两年复合增速
3.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $123.0M |
| 净利润 | $-15.1M | — |
| 毛利率 | 59.6% | 66.1% |
| 营业利润率 | -15.0% | — |
| 净利率 | -13.9% | — |
| 营收同比 | 31.2% | 1.9% |
| 净利润同比 | 37.2% | — |
| 每股收益（稀释后） | $-0.35 | — |
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AMBAMSTR
| Q4 25 | $108.5M | $123.0M | ||
| Q3 25 | $95.5M | $128.7M | ||
| Q2 25 | $85.9M | $114.5M | ||
| Q1 25 | $84.0M | $111.1M | ||
| Q4 24 | $82.7M | $120.7M | ||
| Q3 24 | $63.7M | $116.1M | ||
| Q2 24 | $54.5M | $111.4M | ||
| Q1 24 | $51.6M | $115.2M |
净利润AMBAMSTR
| Q4 25 | $-15.1M | — | ||
| Q3 25 | $-20.0M | $2.8B | ||
| Q2 25 | $-24.3M | $10.0B | ||
| Q1 25 | $-20.2M | $-4.2B | ||
| Q4 24 | $-24.1M | $-670.8M | ||
| Q3 24 | $-34.9M | $-340.2M | ||
| Q2 24 | $-37.9M | $-102.6M | ||
| Q1 24 | $-60.6M | $-53.1M |
毛利率AMBAMSTR
| Q4 25 | 59.6% | 66.1% | ||
| Q3 25 | 58.9% | 70.5% | ||
| Q2 25 | 60.0% | 68.8% | ||
| Q1 25 | 60.0% | 69.4% | ||
| Q4 24 | 60.6% | 71.7% | ||
| Q3 24 | 60.8% | 70.4% | ||
| Q2 24 | 60.9% | 72.2% | ||
| Q1 24 | 59.8% | 74.0% |
营业利润率AMBAMSTR
| Q4 25 | -15.0% | — | ||
| Q3 25 | -23.0% | — | ||
| Q2 25 | -30.1% | — | ||
| Q1 25 | -30.2% | -5331.4% | ||
| Q4 24 | -30.9% | -842.1% | ||
| Q3 24 | -56.9% | -372.7% | ||
| Q2 24 | -72.4% | -179.7% | ||
| Q1 24 | -80.8% | -176.8% |
净利率AMBAMSTR
| Q4 25 | -13.9% | — | ||
| Q3 25 | -20.9% | 2164.1% | ||
| Q2 25 | -28.3% | 8752.7% | ||
| Q1 25 | -24.1% | -3797.2% | ||
| Q4 24 | -29.1% | -555.8% | ||
| Q3 24 | -54.8% | -293.1% | ||
| Q2 24 | -69.6% | -92.0% | ||
| Q1 24 | -117.4% | -46.1% |
每股收益（稀释后）AMBAMSTR
| Q4 25 | $-0.35 | — | ||
| Q3 25 | $-0.47 | $8.42 | ||
| Q2 25 | $-0.58 | $32.60 | ||
| Q1 25 | $-0.48 | $-16.49 | ||
| Q4 24 | $-0.58 | $4.49 | ||
| Q3 24 | $-0.85 | $-1.72 | ||
| Q2 24 | $-0.93 | $-0.57 | ||
| Q1 24 | $-1.51 | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $590.1M | $44.1B |
| 总资产 | $751.9M | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资AMBAMSTR
| Q4 25 | $174.1M | $2.3B | ||
| Q3 25 | $142.7M | $54.3M | ||
| Q2 25 | $141.3M | $50.1M | ||
| Q1 25 | $144.6M | $60.3M | ||
| Q4 24 | $127.1M | $38.1M | ||
| Q3 24 | $153.9M | $46.3M | ||
| Q2 24 | $131.8M | $66.9M | ||
| Q1 24 | $144.9M | $81.3M |
总债务AMBAMSTR
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益AMBAMSTR
| Q4 25 | $590.1M | $44.1B | ||
| Q3 25 | $576.5M | $52.3B | ||
| Q2 25 | $572.7M | $47.5B | ||
| Q1 25 | $561.4M | $32.2B | ||
| Q4 24 | $554.3M | $18.2B | ||
| Q3 24 | $547.6M | $3.8B | ||
| Q2 24 | $555.4M | $2.8B | ||
| Q1 24 | $559.9M | $2.4B |
总资产AMBAMSTR
| Q4 25 | $751.9M | $61.6B | ||
| Q3 25 | $706.4M | $73.6B | ||
| Q2 25 | $701.9M | $64.8B | ||
| Q1 25 | $689.0M | $43.9B | ||
| Q4 24 | $670.8M | $25.8B | ||
| Q3 24 | $650.3M | $8.3B | ||
| Q2 24 | $638.7M | $7.1B | ||
| Q1 24 | $657.7M | $6.4B |
负债/权益比AMBAMSTR
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $31.4M | — |
| 自由现金流率自由现金流/营收 | 29.0% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 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 | $64.3M | — |
8季度趋势，按日历期对齐
经营现金流AMBAMSTR
| Q4 25 | $34.3M | — | ||
| Q3 25 | $5.5M | $-8.3M | ||
| Q2 25 | $14.8M | $-34.9M | ||
| Q1 25 | $25.4M | $-2.4M | ||
| Q4 24 | $6.6M | $-17.3M | ||
| Q3 24 | $16.7M | $-41.0M | ||
| Q2 24 | $-15.0M | $-23.3M | ||
| Q1 24 | $-4.0M | $28.6M |
自由现金流AMBAMSTR
| Q4 25 | $31.4M | — | ||
| Q3 25 | $1.4M | $-11.1M | ||
| Q2 25 | $10.2M | $-37.0M | ||
| Q1 25 | $21.2M | $-5.1M | ||
| Q4 24 | $4.1M | $-17.6M | ||
| Q3 24 | $14.2M | $-41.4M | ||
| Q2 24 | $-16.1M | $-24.1M | ||
| Q1 24 | $-6.0M | $27.0M |
自由现金流率AMBAMSTR
| Q4 25 | 29.0% | — | ||
| Q3 25 | 1.4% | -8.6% | ||
| Q2 25 | 11.9% | -32.3% | ||
| Q1 25 | 25.3% | -4.6% | ||
| Q4 24 | 5.0% | -14.6% | ||
| Q3 24 | 22.2% | -35.7% | ||
| Q2 24 | -29.5% | -21.6% | ||
| Q1 24 | -11.6% | 23.5% |
资本支出强度AMBAMSTR
| Q4 25 | 2.7% | — | ||
| Q3 25 | 4.3% | 2.2% | ||
| Q2 25 | 5.3% | 1.8% | ||
| Q1 25 | 5.0% | 2.5% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | 4.0% | 0.4% | ||
| Q2 24 | 2.1% | 0.6% | ||
| Q1 24 | 3.7% | 1.3% |
现金转化率AMBAMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
MSTR
暂无分部数据
