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超威半导体（AMD）与杜克能源（DUK）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杜克能源的1.3倍（$10.3B vs $7.8B），杜克能源净利率更高（15.2% vs 14.7%，领先0.5%），超威半导体同比增速更快（34.1% vs 7.4%），超威半导体自由现金流更多（$2.4B vs $-485.0M），过去两年超威半导体的营收复合增速更高（37.0% vs 1.6%）
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。
杜克能源是总部位于美国北卡罗来纳州夏洛特的电力及天然气控股企业，服务范围覆盖美国东部地区，客户总量超700万。2024年该企业位列美国财富500强第141位，创下其在该榜单的历史最高排名。
AMD vs DUK — 直观对比
营收规模更大
AMD
是对方的1.3倍
$7.8B
营收增速更快
AMD
高出26.7%
7.4%
净利率更高
DUK
高出0.5%
14.7%
自由现金流更多
AMD
多$2.9B
$-485.0M
两年增速更快
AMD
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $7.8B |
| 净利润 | $1.5B | $1.2B |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | 27.3% |
| 净利率 | 14.7% | 15.2% |
| 营收同比 | 34.1% | 7.4% |
| 净利润同比 | 213.5% | -1.7% |
| 每股收益（稀释后） | $0.92 | $1.49 |
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AMDDUK
| Q4 25 | $10.3B | $7.8B | ||
| Q3 25 | $9.2B | $8.4B | ||
| Q2 25 | $7.7B | $7.4B | ||
| Q1 25 | $7.4B | $8.2B | ||
| Q4 24 | $7.7B | $7.2B | ||
| Q3 24 | $6.8B | $8.1B | ||
| Q2 24 | $5.8B | $7.2B | ||
| Q1 24 | $5.5B | $7.5B |
净利润AMDDUK
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $872.0M | $984.0M | ||
| Q1 25 | $709.0M | $1.4B | ||
| Q4 24 | $482.0M | $1.2B | ||
| Q3 24 | $771.0M | $1.3B | ||
| Q2 24 | $265.0M | $900.0M | ||
| Q1 24 | $123.0M | $1.1B |
毛利率AMDDUK
| Q4 25 | 54.3% | — | ||
| Q3 25 | 51.7% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 50.2% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 50.1% | — | ||
| Q2 24 | 49.1% | — | ||
| Q1 24 | 46.8% | — |
营业利润率AMDDUK
| Q4 25 | 17.1% | 27.3% | ||
| Q3 25 | 13.7% | 27.9% | ||
| Q2 25 | -1.7% | 24.8% | ||
| Q1 25 | 10.8% | 28.5% | ||
| Q4 24 | 11.4% | 29.2% | ||
| Q3 24 | 10.6% | 26.4% | ||
| Q2 24 | 4.6% | 23.9% | ||
| Q1 24 | 0.7% | 26.1% |
净利率AMDDUK
| Q4 25 | 14.7% | 15.2% | ||
| Q3 25 | 13.4% | 17.0% | ||
| Q2 25 | 11.3% | 13.3% | ||
| Q1 25 | 9.5% | 16.8% | ||
| Q4 24 | 6.3% | 16.6% | ||
| Q3 24 | 11.3% | 15.8% | ||
| Q2 24 | 4.5% | 12.6% | ||
| Q1 24 | 2.2% | 15.1% |
每股收益（稀释后）AMDDUK
| Q4 25 | $0.92 | $1.49 | ||
| Q3 25 | $0.75 | $1.81 | ||
| Q2 25 | $0.54 | $1.25 | ||
| Q1 25 | $0.44 | $1.76 | ||
| Q4 24 | $0.30 | $1.54 | ||
| Q3 24 | $0.47 | $1.60 | ||
| Q2 24 | $0.16 | $1.13 | ||
| Q1 24 | $0.07 | $1.44 |
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 | $245.0M |
| 总债务越低越好 | — | $80.1B |
| 股东权益账面价值 | $63.0B | $51.8B |
| 总资产 | $76.9B | $195.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资AMDDUK
| Q4 25 | $10.6B | $245.0M | ||
| Q3 25 | $7.2B | $688.0M | ||
| Q2 25 | $5.9B | $344.0M | ||
| Q1 25 | $7.3B | $475.0M | ||
| Q4 24 | $5.1B | $314.0M | ||
| Q3 24 | $4.5B | $376.0M | ||
| Q2 24 | $5.3B | $390.0M | ||
| Q1 24 | $6.0B | $459.0M |
总债务AMDDUK
| Q4 25 | — | $80.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $76.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMDDUK
| Q4 25 | $63.0B | $51.8B | ||
| Q3 25 | $60.8B | $51.5B | ||
| Q2 25 | $59.7B | $50.9B | ||
| Q1 25 | $57.9B | $50.7B | ||
| Q4 24 | $57.6B | $50.1B | ||
| Q3 24 | $57.0B | $49.1B | ||
| Q2 24 | $56.5B | $49.7B | ||
| Q1 24 | $56.2B | $49.6B |
总资产AMDDUK
| Q4 25 | $76.9B | $195.7B | ||
| Q3 25 | $76.9B | $192.3B | ||
| Q2 25 | $74.8B | $189.7B | ||
| Q1 25 | $71.5B | $187.5B | ||
| Q4 24 | $69.2B | $186.3B | ||
| Q3 24 | $69.6B | $183.6B | ||
| Q2 24 | $67.9B | $181.6B | ||
| Q1 24 | $67.9B | $178.7B |
负债/权益比AMDDUK
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $2.6B | $3.7B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $-485.0M |
| 自由现金流率自由现金流/营收 | 23.2% | -6.2% |
| 资本支出强度资本支出/营收 | 2.2% | 53.3% |
| 现金转化率经营现金流/净利润 | 1.72× | 3.09× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $-1.7B |
8季度趋势，按日历期对齐
经营现金流AMDDUK
| Q4 25 | $2.6B | $3.7B | ||
| Q3 25 | $2.2B | $3.6B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $939.0M | $2.2B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $628.0M | $3.5B | ||
| Q2 24 | $593.0M | $3.0B | ||
| Q1 24 | $521.0M | $2.5B |
自由现金流AMDDUK
| Q4 25 | $2.4B | $-485.0M | ||
| Q3 25 | $1.9B | $179.0M | ||
| Q2 25 | $1.7B | $-417.0M | ||
| Q1 25 | $727.0M | $-971.0M | ||
| Q4 24 | $1.1B | $288.0M | ||
| Q3 24 | $496.0M | $537.0M | ||
| Q2 24 | $439.0M | $-43.0M | ||
| Q1 24 | $379.0M | $-734.0M |
自由现金流率AMDDUK
| Q4 25 | 23.2% | -6.2% | ||
| Q3 25 | 20.6% | 2.1% | ||
| Q2 25 | 22.5% | -5.7% | ||
| Q1 25 | 9.8% | -11.8% | ||
| Q4 24 | 14.2% | 4.0% | ||
| Q3 24 | 7.3% | 6.6% | ||
| Q2 24 | 7.5% | -0.6% | ||
| Q1 24 | 6.9% | -9.7% |
资本支出强度AMDDUK
| Q4 25 | 2.2% | 53.3% | ||
| Q3 25 | 2.8% | 41.2% | ||
| Q2 25 | 3.7% | 44.5% | ||
| Q1 25 | 2.9% | 38.3% | ||
| Q4 24 | 2.7% | 42.7% | ||
| Q3 24 | 1.9% | 36.8% | ||
| Q2 24 | 2.6% | 41.9% | ||
| Q1 24 | 2.6% | 42.6% |
现金转化率AMDDUK
| Q4 25 | 1.72× | 3.09× | ||
| Q3 25 | 1.74× | 2.56× | ||
| Q2 25 | 2.31× | 2.91× | ||
| Q1 25 | 1.32× | 1.58× | ||
| Q4 24 | 2.70× | 2.80× | ||
| Q3 24 | 0.81× | 2.75× | ||
| Q2 24 | 2.24× | 3.28× | ||
| Q1 24 | 4.24× | 2.17× |
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% |
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
