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超威半导体（AMD）与ENBRIDGE INC（ENB）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ENBRIDGE INC的1.8倍（$10.3B vs $5.7B），ENBRIDGE INC净利率更高（26.2% vs 14.7%，领先11.5%），超威半导体同比增速更快（34.1% vs 5.3%），ENBRIDGE INC自由现金流更多（$2.4B vs $2.4B），过去两年超威半导体的营收复合增速更高（37.0% vs 7.6%）
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。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
AMD vs ENB — 直观对比
营收规模更大
AMD
是对方的1.8倍
$5.7B
营收增速更快
AMD
高出28.8%
5.3%
净利率更高
ENB
高出11.5%
14.7%
自由现金流更多
ENB
多$28.8M
$2.4B
两年增速更快
AMD
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $5.7B |
| 净利润 | $1.5B | $1.5B |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | 34.7% |
| 净利率 | 14.7% | 26.2% |
| 营收同比 | 34.1% | 5.3% |
| 净利润同比 | 213.5% | 246.2% |
| 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AMDENB
| Q4 25 | $10.3B | $5.7B | ||
| Q3 25 | $9.2B | $4.5B | ||
| Q2 25 | $7.7B | $4.8B | ||
| Q1 25 | $7.4B | $6.4B | ||
| Q4 24 | $7.7B | $5.4B | ||
| Q3 24 | $6.8B | $4.2B | ||
| Q2 24 | $5.8B | $4.3B | ||
| Q1 24 | $5.5B | $4.9B |
净利润AMDENB
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.2B | $575.2M | ||
| Q2 25 | $872.0M | $1.7B | ||
| Q1 25 | $709.0M | $1.7B | ||
| Q4 24 | $482.0M | $434.4M | ||
| Q3 24 | $771.0M | $1.0B | ||
| Q2 24 | $265.0M | $1.4B | ||
| Q1 24 | $123.0M | $1.1B |
毛利率AMDENB
| 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% | 7.5% | ||
| Q1 24 | 46.8% | 26.2% |
营业利润率AMDENB
| Q4 25 | 17.1% | 34.7% | ||
| Q3 25 | 13.7% | 36.9% | ||
| Q2 25 | -1.7% | 35.1% | ||
| Q1 25 | 10.8% | 41.7% | ||
| Q4 24 | 11.4% | 32.8% | ||
| Q3 24 | 10.6% | 38.7% | ||
| Q2 24 | 4.6% | 38.3% | ||
| Q1 24 | 0.7% | 40.0% |
净利率AMDENB
| Q4 25 | 14.7% | 26.2% | ||
| Q3 25 | 13.4% | 12.8% | ||
| Q2 25 | 11.3% | 34.9% | ||
| Q1 25 | 9.5% | 26.8% | ||
| Q4 24 | 6.3% | 8.0% | ||
| Q3 24 | 11.3% | 24.3% | ||
| Q2 24 | 4.5% | 32.8% | ||
| Q1 24 | 2.2% | 22.3% |
每股收益（稀释后）AMDENB
| 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 | $798.6M |
| 总债务越低越好 | — | $72.2B |
| 股东权益账面价值 | $63.0B | $45.5B |
| 总资产 | $76.9B | $159.5B |
| 负债/权益比越低杠杆越低 | — | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资AMDENB
| Q4 25 | $10.6B | $798.6M | ||
| Q3 25 | $7.2B | $1.0B | ||
| Q2 25 | $5.9B | $878.2M | ||
| Q1 25 | $7.3B | $1.5B | ||
| Q4 24 | $5.1B | $1.3B | ||
| Q3 24 | $4.5B | $1.4B | ||
| Q2 24 | $5.3B | $2.6B | ||
| Q1 24 | $6.0B | $886.2M |
总债务AMDENB
| Q4 25 | — | $72.2B | ||
| Q3 25 | — | $73.4B | ||
| Q2 25 | — | $70.8B | ||
| Q1 25 | — | $70.9B | ||
| Q4 24 | — | $68.2B | ||
| Q3 24 | — | $63.7B | ||
| Q2 24 | — | $62.2B | ||
| Q1 24 | — | $59.4B |
股东权益AMDENB
| Q4 25 | $63.0B | $45.5B | ||
| Q3 25 | $60.8B | $47.6B | ||
| Q2 25 | $59.7B | $47.8B | ||
| Q1 25 | $57.9B | $49.8B | ||
| Q4 24 | $57.6B | $48.1B | ||
| Q3 24 | $57.0B | $48.0B | ||
| Q2 24 | $56.5B | $49.1B | ||
| Q1 24 | $56.2B | $46.9B |
总资产AMDENB
| Q4 25 | $76.9B | $159.5B | ||
| Q3 25 | $76.9B | $158.4B | ||
| Q2 25 | $74.8B | $154.5B | ||
| Q1 25 | $71.5B | $160.6B | ||
| Q4 24 | $69.2B | $159.9B | ||
| Q3 24 | $69.6B | $150.2B | ||
| Q2 24 | $67.9B | $146.9B | ||
| Q1 24 | $67.9B | $139.2B |
负债/权益比AMDENB
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $2.4B |
| 自由现金流率自由现金流/营收 | 23.2% | 42.0% |
| 资本支出强度资本支出/营收 | 2.2% | 114.3% |
| 现金转化率经营现金流/净利润 | 1.72× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $6.7B | — |
8季度趋势，按日历期对齐
经营现金流AMDENB
| Q4 25 | $2.6B | $9.0B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $939.0M | $2.2B | ||
| Q4 24 | $1.3B | $9.2B | ||
| Q3 24 | $628.0M | — | ||
| Q2 24 | $593.0M | — | ||
| Q1 24 | $521.0M | $2.3B |
自由现金流AMDENB
| Q4 25 | $2.4B | $2.4B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $727.0M | $970.9M | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $496.0M | — | ||
| Q2 24 | $439.0M | — | ||
| Q1 24 | $379.0M | $1.4B |
自由现金流率AMDENB
| Q4 25 | 23.2% | 42.0% | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 9.8% | 15.1% | ||
| Q4 24 | 14.2% | 79.0% | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 6.9% | 29.0% |
资本支出强度AMDENB
| Q4 25 | 2.2% | 114.3% | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 2.9% | 19.6% | ||
| Q4 24 | 2.7% | 90.1% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 2.6% | 17.5% |
现金转化率AMDENB
| Q4 25 | 1.72× | 5.96× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 1.32× | 1.29× | ||
| Q4 24 | 2.70× | 21.18× | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 4.24× | 2.08× |
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% |
ENB
暂无分部数据
