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超威半导体（AMD）与CHS INC（CHSCP）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CHS INC的1.2倍（$10.3B vs $8.9B），超威半导体净利率更高（14.7% vs 2.9%，领先11.8%），超威半导体同比增速更快（34.1% vs -4.6%），超威半导体自由现金流更多（$2.4B vs $-453.8M），过去两年超威半导体的营收复合增速更高（37.0% vs -1.2%）
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。
CHS Inc是美国顶尖农业合作社企业，跻身财富世界500强，总部位于明尼苏达州因弗格罗夫海茨，由美国本土农业合作社、农牧从业者及优先股股东共同所有。公司业务覆盖食品加工批发、农资供应、金融服务、零售等多个领域，在北美中西部共19个州分销Cenex品牌燃料，是北美大型连锁便利店运营商之一，同时合资持股植物油生产商文图拉食品。
AMD vs CHSCP — 直观对比
营收规模更大
AMD
是对方的1.2倍
$8.9B
营收增速更快
AMD
高出38.7%
-4.6%
净利率更高
AMD
高出11.8%
2.9%
自由现金流更多
AMD
多$2.8B
$-453.8M
两年增速更快
AMD
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $8.9B |
| 净利润 | $1.5B | $260.5M |
| 毛利率 | 54.3% | 4.4% |
| 营业利润率 | 17.1% | 1.4% |
| 净利率 | 14.7% | 2.9% |
| 营收同比 | 34.1% | -4.6% |
| 净利润同比 | 213.5% | 6.4% |
| 每股收益（稀释后） | $0.92 | — |
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AMDCHSCP
| Q4 25 | $10.3B | $8.9B | ||
| Q3 25 | $9.2B | $13.2B | ||
| Q2 25 | $7.7B | $9.8B | ||
| Q1 25 | $7.4B | $3.2B | ||
| Q4 24 | $7.7B | $9.3B | ||
| Q3 24 | $6.8B | $9.2B | ||
| Q2 24 | $5.8B | $9.6B | ||
| Q1 24 | $5.5B | $9.1B |
净利润AMDCHSCP
| Q4 25 | $1.5B | $260.5M | ||
| Q3 25 | $1.2B | $196.7M | ||
| Q2 25 | $872.0M | $232.2M | ||
| Q1 25 | $709.0M | $-75.8M | ||
| Q4 24 | $482.0M | $244.8M | ||
| Q3 24 | $771.0M | $111.8M | ||
| Q2 24 | $265.0M | $297.3M | ||
| Q1 24 | $123.0M | $170.3M |
毛利率AMDCHSCP
| Q4 25 | 54.3% | 4.4% | ||
| Q3 25 | 51.7% | 2.5% | ||
| Q2 25 | 39.8% | 3.4% | ||
| Q1 25 | 50.2% | 2.4% | ||
| Q4 24 | 50.7% | 4.3% | ||
| Q3 24 | 50.1% | 3.0% | ||
| Q2 24 | 49.1% | 4.9% | ||
| Q1 24 | 46.8% | 4.0% |
营业利润率AMDCHSCP
| Q4 25 | 17.1% | 1.4% | ||
| Q3 25 | 13.7% | 0.4% | ||
| Q2 25 | -1.7% | 0.7% | ||
| Q1 25 | 10.8% | -5.4% | ||
| Q4 24 | 11.4% | 1.5% | ||
| Q3 24 | 10.6% | -0.3% | ||
| Q2 24 | 4.6% | 1.6% | ||
| Q1 24 | 0.7% | 0.7% |
净利率AMDCHSCP
| Q4 25 | 14.7% | 2.9% | ||
| Q3 25 | 13.4% | 1.5% | ||
| Q2 25 | 11.3% | 2.4% | ||
| Q1 25 | 9.5% | -2.4% | ||
| Q4 24 | 6.3% | 2.6% | ||
| Q3 24 | 11.3% | 1.2% | ||
| Q2 24 | 4.5% | 3.1% | ||
| Q1 24 | 2.2% | 1.9% |
每股收益（稀释后）AMDCHSCP
| Q4 25 | $0.92 | — | ||
| Q3 25 | $0.75 | — | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.47 | — | ||
| Q2 24 | $0.16 | — | ||
| Q1 24 | $0.07 | — |
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 | $374.7M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $63.0B | $11.2B |
| 总资产 | $76.9B | $20.7B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AMDCHSCP
| Q4 25 | $10.6B | $374.7M | ||
| Q3 25 | $7.2B | $327.8M | ||
| Q2 25 | $5.9B | $323.9M | ||
| Q1 25 | $7.3B | $433.3M | ||
| Q4 24 | $5.1B | $795.6M | ||
| Q3 24 | $4.5B | $1.3B | ||
| Q2 24 | $5.3B | $310.1M | ||
| Q1 24 | $6.0B | $633.3M |
总债务AMDCHSCP
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
股东权益AMDCHSCP
| Q4 25 | $63.0B | $11.2B | ||
| Q3 25 | $60.8B | $11.1B | ||
| Q2 25 | $59.7B | $10.8B | ||
| Q1 25 | $57.9B | $10.7B | ||
| Q4 24 | $57.6B | $10.8B | ||
| Q3 24 | $57.0B | $10.8B | ||
| Q2 24 | $56.5B | $10.9B | ||
| Q1 24 | $56.2B | $10.8B |
总资产AMDCHSCP
| Q4 25 | $76.9B | $20.7B | ||
| Q3 25 | $76.9B | $18.9B | ||
| Q2 25 | $74.8B | $19.7B | ||
| Q1 25 | $71.5B | $20.1B | ||
| Q4 24 | $69.2B | $19.6B | ||
| Q3 24 | $69.6B | $18.7B | ||
| Q2 24 | $67.9B | $18.5B | ||
| Q1 24 | $67.9B | $19.2B |
负债/权益比AMDCHSCP
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $-337.8M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $-453.8M |
| 自由现金流率自由现金流/营收 | 23.2% | -5.1% |
| 资本支出强度资本支出/营收 | 2.2% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.72× | -1.30× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $-60.0M |
8季度趋势，按日历期对齐
经营现金流AMDCHSCP
| Q4 25 | $2.6B | $-337.8M | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.0B | $696.6M | ||
| Q1 25 | $939.0M | $-1.0B | ||
| Q4 24 | $1.3B | $-294.0M | ||
| Q3 24 | $628.0M | $1.1B | ||
| Q2 24 | $593.0M | $556.9M | ||
| Q1 24 | $521.0M | $-249.6M |
自由现金流AMDCHSCP
| Q4 25 | $2.4B | $-453.8M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.7B | $520.6M | ||
| Q1 25 | $727.0M | $-1.2B | ||
| Q4 24 | $1.1B | $-486.6M | ||
| Q3 24 | $496.0M | $845.8M | ||
| Q2 24 | $439.0M | $361.6M | ||
| Q1 24 | $379.0M | $-453.3M |
自由现金流率AMDCHSCP
| Q4 25 | 23.2% | -5.1% | ||
| Q3 25 | 20.6% | 8.1% | ||
| Q2 25 | 22.5% | 5.3% | ||
| Q1 25 | 9.8% | -38.1% | ||
| Q4 24 | 14.2% | -5.2% | ||
| Q3 24 | 7.3% | 9.2% | ||
| Q2 24 | 7.5% | 3.8% | ||
| Q1 24 | 6.9% | -5.0% |
资本支出强度AMDCHSCP
| Q4 25 | 2.2% | 1.3% | ||
| Q3 25 | 2.8% | 1.5% | ||
| Q2 25 | 3.7% | 1.8% | ||
| Q1 25 | 2.9% | 5.2% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 1.9% | 2.9% | ||
| Q2 24 | 2.6% | 2.0% | ||
| Q1 24 | 2.6% | 2.2% |
现金转化率AMDCHSCP
| Q4 25 | 1.72× | -1.30× | ||
| Q3 25 | 1.74× | 6.46× | ||
| Q2 25 | 2.31× | 3.00× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 2.70× | -1.20× | ||
| Q3 24 | 0.81× | 9.96× | ||
| Q2 24 | 2.24× | 1.87× | ||
| Q1 24 | 4.24× | -1.47× |
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% |
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
