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超威半导体（AMD）与江森自控（JCI）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江森自控的1.8倍（$10.3B vs $5.8B），超威半导体净利率更高（14.7% vs 9.0%，领先5.7%），超威半导体同比增速更快（34.1% vs 6.8%），超威半导体自由现金流更多（$2.4B vs $531.0M），过去两年超威半导体的营收复合增速更高（37.0% vs -7.0%）
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。
江森自控是总部位于爱尔兰科克的跨国综合企业，专注于为各类建筑提供消防、暖通空调及安防设备，业务覆盖六大洲近2000个地点，2019年中期员工规模达10.5万人，曾位列2017年《财富》全球500强第389位。
AMD vs JCI — 直观对比
营收规模更大
AMD
是对方的1.8倍
$5.8B
营收增速更快
AMD
高出27.3%
6.8%
净利率更高
AMD
高出5.7%
9.0%
自由现金流更多
AMD
多$1.8B
$531.0M
两年增速更快
AMD
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $5.8B |
| 净利润 | $1.5B | $524.0M |
| 毛利率 | 54.3% | 35.8% |
| 营业利润率 | 17.1% | — |
| 净利率 | 14.7% | 9.0% |
| 营收同比 | 34.1% | 6.8% |
| 净利润同比 | 213.5% | 25.1% |
| 每股收益（稀释后） | $0.92 | $0.85 |
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AMDJCI
| Q4 25 | $10.3B | $5.8B | ||
| Q3 25 | $9.2B | $6.4B | ||
| Q2 25 | $7.7B | $6.1B | ||
| Q1 25 | $7.4B | $5.7B | ||
| Q4 24 | $7.7B | $5.4B | ||
| Q3 24 | $6.8B | $2.9B | ||
| Q2 24 | $5.8B | $7.2B | ||
| Q1 24 | $5.5B | $6.7B |
净利润AMDJCI
| Q4 25 | $1.5B | $524.0M | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $872.0M | $701.0M | ||
| Q1 25 | $709.0M | $478.0M | ||
| Q4 24 | $482.0M | $419.0M | ||
| Q3 24 | $771.0M | $633.0M | ||
| Q2 24 | $265.0M | $975.0M | ||
| Q1 24 | $123.0M | $-277.0M |
毛利率AMDJCI
| Q4 25 | 54.3% | 35.8% | ||
| Q3 25 | 51.7% | 36.5% | ||
| Q2 25 | 39.8% | 37.1% | ||
| Q1 25 | 50.2% | 36.5% | ||
| Q4 24 | 50.7% | 35.5% | ||
| Q3 24 | 50.1% | 48.4% | ||
| Q2 24 | 49.1% | 34.4% | ||
| Q1 24 | 46.8% | 32.6% |
营业利润率AMDJCI
| Q4 25 | 17.1% | — | ||
| Q3 25 | 13.7% | 5.5% | ||
| Q2 25 | -1.7% | 11.6% | ||
| Q1 25 | 10.8% | 8.8% | ||
| Q4 24 | 11.4% | 7.5% | ||
| Q3 24 | 10.6% | 6.9% | ||
| Q2 24 | 4.6% | 17.7% | ||
| Q1 24 | 0.7% | -5.4% |
净利率AMDJCI
| Q4 25 | 14.7% | 9.0% | ||
| Q3 25 | 13.4% | 26.3% | ||
| Q2 25 | 11.3% | 11.6% | ||
| Q1 25 | 9.5% | 8.4% | ||
| Q4 24 | 6.3% | 7.7% | ||
| Q3 24 | 11.3% | 21.6% | ||
| Q2 24 | 4.5% | 13.5% | ||
| Q1 24 | 2.2% | -4.1% |
每股收益（稀释后）AMDJCI
| Q4 25 | $0.92 | $0.85 | ||
| Q3 25 | $0.75 | $2.61 | ||
| Q2 25 | $0.54 | $1.07 | ||
| Q1 25 | $0.44 | $0.72 | ||
| Q4 24 | $0.30 | $0.63 | ||
| Q3 24 | $0.47 | $0.93 | ||
| Q2 24 | $0.16 | $1.45 | ||
| Q1 24 | $0.07 | $-0.41 |
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 | $552.0M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $63.0B | $13.2B |
| 总资产 | $76.9B | $38.0B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资AMDJCI
| Q4 25 | $10.6B | $552.0M | ||
| Q3 25 | $7.2B | $379.0M | ||
| Q2 25 | $5.9B | $731.0M | ||
| Q1 25 | $7.3B | $795.0M | ||
| Q4 24 | $5.1B | $1.2B | ||
| Q3 24 | $4.5B | $606.0M | ||
| Q2 24 | $5.3B | $862.0M | ||
| Q1 24 | $6.0B | $843.0M |
总债务AMDJCI
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.3B |
股东权益AMDJCI
| Q4 25 | $63.0B | $13.2B | ||
| Q3 25 | $60.8B | $12.9B | ||
| Q2 25 | $59.7B | $15.8B | ||
| Q1 25 | $57.9B | $15.8B | ||
| Q4 24 | $57.6B | $15.9B | ||
| Q3 24 | $57.0B | $16.1B | ||
| Q2 24 | $56.5B | $16.0B | ||
| Q1 24 | $56.2B | $15.7B |
总资产AMDJCI
| Q4 25 | $76.9B | $38.0B | ||
| Q3 25 | $76.9B | $37.9B | ||
| Q2 25 | $74.8B | $43.4B | ||
| Q1 25 | $71.5B | $42.4B | ||
| Q4 24 | $69.2B | $42.1B | ||
| Q3 24 | $69.6B | $42.7B | ||
| Q2 24 | $67.9B | $43.3B | ||
| Q1 24 | $67.9B | $43.5B |
负债/权益比AMDJCI
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.47× |
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 | $611.0M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $531.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 9.2% |
| 资本支出强度资本支出/营收 | 2.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.17× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $2.5B |
8季度趋势，按日历期对齐
经营现金流AMDJCI
| Q4 25 | $2.6B | $611.0M | ||
| Q3 25 | $2.2B | $968.0M | ||
| Q2 25 | $2.0B | $787.0M | ||
| Q1 25 | $939.0M | $550.0M | ||
| Q4 24 | $1.3B | $249.0M | ||
| Q3 24 | $628.0M | $1.4B | ||
| Q2 24 | $593.0M | $1.0B | ||
| Q1 24 | $521.0M | $-203.0M |
自由现金流AMDJCI
| Q4 25 | $2.4B | $531.0M | ||
| Q3 25 | $1.9B | $838.0M | ||
| Q2 25 | $1.7B | $693.0M | ||
| Q1 25 | $727.0M | $456.0M | ||
| Q4 24 | $1.1B | $133.0M | ||
| Q3 24 | $496.0M | $1.2B | ||
| Q2 24 | $439.0M | $922.0M | ||
| Q1 24 | $379.0M | $-336.0M |
自由现金流率AMDJCI
| Q4 25 | 23.2% | 9.2% | ||
| Q3 25 | 20.6% | 13.0% | ||
| Q2 25 | 22.5% | 11.5% | ||
| Q1 25 | 9.8% | 8.0% | ||
| Q4 24 | 14.2% | 2.5% | ||
| Q3 24 | 7.3% | 40.4% | ||
| Q2 24 | 7.5% | 12.8% | ||
| Q1 24 | 6.9% | -5.0% |
资本支出强度AMDJCI
| Q4 25 | 2.2% | 1.4% | ||
| Q3 25 | 2.8% | 2.0% | ||
| Q2 25 | 3.7% | 1.6% | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 1.9% | 5.8% | ||
| Q2 24 | 2.6% | 1.4% | ||
| Q1 24 | 2.6% | 2.0% |
现金转化率AMDJCI
| Q4 25 | 1.72× | 1.17× | ||
| Q3 25 | 1.74× | 0.57× | ||
| Q2 25 | 2.31× | 1.12× | ||
| Q1 25 | 1.32× | 1.15× | ||
| Q4 24 | 2.70× | 0.59× | ||
| Q3 24 | 0.81× | 2.14× | ||
| Q2 24 | 2.24× | 1.05× | ||
| 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% |
JCI
| Productsand Systems | $3.9B | 67% |
| Services | $1.9B | 33% |
