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超威半导体（AMD）与安进（AMGN）财务数据对比。点击上方公司名可切换其他公司
超威半导体的季度营收约是安进的1.0倍（$10.3B vs $9.9B），超威半导体净利率更高（14.7% vs 13.5%，领先1.2%），超威半导体同比增速更快（34.1% vs 8.6%），超威半导体自由现金流更多（$2.4B vs $961.0M），过去两年超威半导体的营收复合增速更高（37.0% vs 15.1%）
超威半导体（AMD）是总部位于美国加利福尼亚州圣克拉拉的跨国半导体企业，专注研发生产面向数据中心、游戏、个人电脑、嵌入式系统的高性能CPU、GPU及自适应片上系统，旗下拥有锐龙、霄龙、镭龙、Instinct等核心产品线，2022年收购赛灵思后拓展了FPGA及自适应计算业务，直接与英特尔、英伟达展开竞争。
安进是总部位于美国加利福尼亚州千橡市的跨国生物制药企业，公司名称取自最初的全称「应用分子遗传学」的缩写组合，按营收规模排名位列全球生物医药企业第18位，专注于研发、生产及商业化创新生物药物，为全球患者提供优质治疗选择。
AMD vs AMGN — 直观对比
营收规模更大
AMD
是对方的1.0倍
$9.9B
营收增速更快
AMD
高出25.5%
8.6%
净利率更高
AMD
高出1.2%
13.5%
自由现金流更多
AMD
多$1.4B
$961.0M
两年增速更快
AMD
近两年复合增速
15.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $9.9B |
| 净利润 | $1.5B | $1.3B |
| 毛利率 | 54.3% | 69.8% |
| 营业利润率 | 17.1% | 27.6% |
| 净利率 | 14.7% | 13.5% |
| 营收同比 | 34.1% | 8.6% |
| 净利润同比 | 213.5% | 112.6% |
| 每股收益（稀释后） | $0.92 | $2.45 |
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AMDAMGN
| Q4 25 | $10.3B | $9.9B | ||
| Q3 25 | $9.2B | $9.6B | ||
| Q2 25 | $7.7B | $9.2B | ||
| Q1 25 | $7.4B | $8.1B | ||
| Q4 24 | $7.7B | $9.1B | ||
| Q3 24 | $6.8B | $8.5B | ||
| Q2 24 | $5.8B | $8.4B | ||
| Q1 24 | $5.5B | $7.4B |
净利润AMDAMGN
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $872.0M | $1.4B | ||
| Q1 25 | $709.0M | $1.7B | ||
| Q4 24 | $482.0M | $627.0M | ||
| Q3 24 | $771.0M | $2.8B | ||
| Q2 24 | $265.0M | $746.0M | ||
| Q1 24 | $123.0M | $-113.0M |
毛利率AMDAMGN
| Q4 25 | 54.3% | 69.8% | ||
| Q3 25 | 51.7% | 67.8% | ||
| Q2 25 | 39.8% | 67.2% | ||
| Q1 25 | 50.2% | 63.6% | ||
| Q4 24 | 50.7% | 65.7% | ||
| Q3 24 | 50.1% | 61.1% | ||
| Q2 24 | 49.1% | 61.4% | ||
| Q1 24 | 46.8% | 57.0% |
营业利润率AMDAMGN
| Q4 25 | 17.1% | 27.6% | ||
| Q3 25 | 13.7% | 26.4% | ||
| Q2 25 | -1.7% | 28.9% | ||
| Q1 25 | 10.8% | 14.5% | ||
| Q4 24 | 11.4% | 25.4% | ||
| Q3 24 | 10.6% | 24.1% | ||
| Q2 24 | 4.6% | 22.8% | ||
| Q1 24 | 0.7% | 13.3% |
净利率AMDAMGN
| Q4 25 | 14.7% | 13.5% | ||
| Q3 25 | 13.4% | 33.7% | ||
| Q2 25 | 11.3% | 15.6% | ||
| Q1 25 | 9.5% | 21.2% | ||
| Q4 24 | 6.3% | 6.9% | ||
| Q3 24 | 11.3% | 33.3% | ||
| Q2 24 | 4.5% | 8.9% | ||
| Q1 24 | 2.2% | -1.5% |
每股收益（稀释后）AMDAMGN
| Q4 25 | $0.92 | $2.45 | ||
| Q3 25 | $0.75 | $5.93 | ||
| Q2 25 | $0.54 | $2.65 | ||
| Q1 25 | $0.44 | $3.20 | ||
| Q4 24 | $0.30 | $1.17 | ||
| Q3 24 | $0.47 | $5.22 | ||
| Q2 24 | $0.16 | $1.38 | ||
| Q1 24 | $0.07 | $-0.21 |
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 | $10.6B | $9.1B |
| 总债务越低越好 | — | $54.6B |
| 股东权益账面价值 | $63.0B | $8.7B |
| 总资产 | $76.9B | $90.6B |
| 负债/权益比越低杠杆越低 | — | 6.31× |
8季度趋势，按日历期对齐
现金及短期投资AMDAMGN
| Q4 25 | $10.6B | $9.1B | ||
| Q3 25 | $7.2B | $9.4B | ||
| Q2 25 | $5.9B | $8.0B | ||
| Q1 25 | $7.3B | $8.8B | ||
| Q4 24 | $5.1B | $12.0B | ||
| Q3 24 | $4.5B | $9.0B | ||
| Q2 24 | $5.3B | $9.3B | ||
| Q1 24 | $6.0B | $9.7B |
总债务AMDAMGN
| Q4 25 | — | $54.6B | ||
| Q3 25 | — | $54.6B | ||
| Q2 25 | — | $56.2B | ||
| Q1 25 | — | $57.4B | ||
| Q4 24 | — | $60.1B | ||
| Q3 24 | — | $60.4B | ||
| Q2 24 | — | $62.6B | ||
| Q1 24 | — | $64.0B |
股东权益AMDAMGN
| Q4 25 | $63.0B | $8.7B | ||
| Q3 25 | $60.8B | $9.6B | ||
| Q2 25 | $59.7B | $7.4B | ||
| Q1 25 | $57.9B | $6.2B | ||
| Q4 24 | $57.6B | $5.9B | ||
| Q3 24 | $57.0B | $7.5B | ||
| Q2 24 | $56.5B | $5.9B | ||
| Q1 24 | $56.2B | $5.0B |
总资产AMDAMGN
| Q4 25 | $76.9B | $90.6B | ||
| Q3 25 | $76.9B | $90.1B | ||
| Q2 25 | $74.8B | $87.9B | ||
| Q1 25 | $71.5B | $89.4B | ||
| Q4 24 | $69.2B | $91.8B | ||
| Q3 24 | $69.6B | $90.9B | ||
| Q2 24 | $67.9B | $90.9B | ||
| Q1 24 | $67.9B | $93.0B |
负债/权益比AMDAMGN
| Q4 25 | — | 6.31× | ||
| Q3 25 | — | 5.67× | ||
| Q2 25 | — | 7.57× | ||
| Q1 25 | — | 9.24× | ||
| Q4 24 | — | 10.23× | ||
| Q3 24 | — | 8.02× | ||
| Q2 24 | — | 10.57× | ||
| Q1 24 | — | 12.75× |
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 | $2.6B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $961.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 9.7% |
| 资本支出强度资本支出/营收 | 2.2% | 6.5% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $8.1B |
8季度趋势，按日历期对齐
经营现金流AMDAMGN
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.2B | $4.7B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $939.0M | $1.4B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $628.0M | $3.6B | ||
| Q2 24 | $593.0M | $2.5B | ||
| Q1 24 | $521.0M | $689.0M |
自由现金流AMDAMGN
| Q4 25 | $2.4B | $961.0M | ||
| Q3 25 | $1.9B | $4.2B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $727.0M | $980.0M | ||
| Q4 24 | $1.1B | $4.4B | ||
| Q3 24 | $496.0M | $3.3B | ||
| Q2 24 | $439.0M | $2.2B | ||
| Q1 24 | $379.0M | $459.0M |
自由现金流率AMDAMGN
| Q4 25 | 23.2% | 9.7% | ||
| Q3 25 | 20.6% | 44.4% | ||
| Q2 25 | 22.5% | 20.8% | ||
| Q1 25 | 9.8% | 12.0% | ||
| Q4 24 | 14.2% | 48.4% | ||
| Q3 24 | 7.3% | 39.0% | ||
| Q2 24 | 7.5% | 26.5% | ||
| Q1 24 | 6.9% | 6.2% |
资本支出强度AMDAMGN
| Q4 25 | 2.2% | 6.5% | ||
| Q3 25 | 2.8% | 4.6% | ||
| Q2 25 | 3.7% | 4.0% | ||
| Q1 25 | 2.9% | 5.0% | ||
| Q4 24 | 2.7% | 4.1% | ||
| Q3 24 | 1.9% | 3.0% | ||
| Q2 24 | 2.6% | 2.8% | ||
| Q1 24 | 2.6% | 3.1% |
现金转化率AMDAMGN
| Q4 25 | 1.72× | 1.20× | ||
| Q3 25 | 1.74× | 1.46× | ||
| Q2 25 | 2.31× | 1.59× | ||
| Q1 25 | 1.32× | 0.80× | ||
| Q4 24 | 2.70× | 7.61× | ||
| Q3 24 | 0.81× | 1.26× | ||
| Q2 24 | 2.24× | 3.30× | ||
| Q1 24 | 4.24× | — |
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
AMD
| Other | $5.4B | 52% |
| Client | $3.1B | 30% |
| Embedded | $950.0M | 9% |
| Gaming | $843.0M | 8% |
AMGN
| Products | $9.4B | 95% |
| Xgeva | $291.0M | 3% |
| Vectibix | $163.0M | 2% |
| Aranesp | $115.0M | 1% |
