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超威半导体（AMD）与仲量联行（JLL）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仲量联行的1.6倍（$10.3B vs $6.4B），超威半导体净利率更高（13.5% vs 2.5%，领先11.0%），超威半导体同比增速更快（37.8% vs 11.1%），超威半导体自由现金流更多（$2.6B vs $-819.9M），过去两年超威半导体的营收复合增速更高（32.6% vs 6.5%）
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。
仲量联行（JLL）是总部位于美国芝加哥的全球知名房地产服务企业，位列《财富》世界500强第188位，在80个国家设有办事处，面向机构投资者、散户投资者及高净值人群提供全球投资管理服务，同时通过JLL Technologies推出科技产品，旗下PropTech基金JLL Spark主营地产科技领域风险投资。
AMD vs JLL — 直观对比
营收规模更大
AMD
是对方的1.6倍
$6.4B
营收增速更快
AMD
高出26.7%
11.1%
净利率更高
AMD
高出11.0%
2.5%
自由现金流更多
AMD
多$3.4B
$-819.9M
两年增速更快
AMD
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $6.4B |
| 净利润 | $1.4B | $159.0M |
| 毛利率 | 52.8% | — |
| 营业利润率 | 14.4% | 3.2% |
| 净利率 | 13.5% | 2.5% |
| 营收同比 | 37.8% | 11.1% |
| 净利润同比 | 95.1% | — |
| 每股收益（稀释后） | $0.84 | $3.33 |
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AMDJLL
| Q1 26 | $10.3B | $6.4B | ||
| Q4 25 | $10.3B | $7.6B | ||
| Q3 25 | $9.2B | $6.5B | ||
| Q2 25 | $7.7B | $6.3B | ||
| Q1 25 | $7.4B | $5.7B | ||
| Q4 24 | $7.7B | $6.8B | ||
| Q3 24 | $6.8B | $5.9B | ||
| Q2 24 | $5.8B | $5.6B |
净利润AMDJLL
| Q1 26 | $1.4B | $159.0M | ||
| Q4 25 | $1.5B | $401.8M | ||
| Q3 25 | $1.2B | $222.4M | ||
| Q2 25 | $872.0M | $110.5M | ||
| Q1 25 | $709.0M | $57.5M | ||
| Q4 24 | $482.0M | $241.2M | ||
| Q3 24 | $771.0M | $155.1M | ||
| Q2 24 | $265.0M | $84.4M |
毛利率AMDJLL
| Q1 26 | 52.8% | — | ||
| 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% | — |
营业利润率AMDJLL
| Q1 26 | 14.4% | 3.2% | ||
| Q4 25 | 17.1% | 6.7% | ||
| Q3 25 | 13.7% | 4.2% | ||
| Q2 25 | -1.7% | 3.2% | ||
| Q1 25 | 10.8% | 2.1% | ||
| Q4 24 | 11.4% | 5.5% | ||
| Q3 24 | 10.6% | 3.9% | ||
| Q2 24 | 4.6% | 2.7% |
净利率AMDJLL
| Q1 26 | 13.5% | 2.5% | ||
| Q4 25 | 14.7% | 5.3% | ||
| Q3 25 | 13.4% | 3.4% | ||
| Q2 25 | 11.3% | 1.8% | ||
| Q1 25 | 9.5% | 1.0% | ||
| Q4 24 | 6.3% | 3.5% | ||
| Q3 24 | 11.3% | 2.6% | ||
| Q2 24 | 4.5% | 1.5% |
每股收益（稀释后）AMDJLL
| Q1 26 | $0.84 | $3.33 | ||
| Q4 25 | $0.92 | $8.33 | ||
| Q3 25 | $0.75 | $4.61 | ||
| Q2 25 | $0.54 | $2.32 | ||
| Q1 25 | $0.44 | $1.14 | ||
| Q4 24 | $0.30 | $4.98 | ||
| Q3 24 | $0.47 | $3.20 | ||
| Q2 24 | $0.16 | $1.75 |
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 | $12.3B | $436.2M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $64.5B | $7.4B |
| 总资产 | $79.6B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资AMDJLL
| Q1 26 | $12.3B | $436.2M | ||
| Q4 25 | $10.6B | $599.1M | ||
| Q3 25 | $7.2B | $428.9M | ||
| Q2 25 | $5.9B | $401.4M | ||
| Q1 25 | $7.3B | $432.4M | ||
| Q4 24 | $5.1B | $416.3M | ||
| Q3 24 | $4.5B | $437.8M | ||
| Q2 24 | $5.3B | $424.4M |
总债务AMDJLL
| Q1 26 | $2.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMDJLL
| Q1 26 | $64.5B | $7.4B | ||
| Q4 25 | $63.0B | $7.5B | ||
| Q3 25 | $60.8B | $7.2B | ||
| Q2 25 | $59.7B | $7.0B | ||
| Q1 25 | $57.9B | $6.8B | ||
| Q4 24 | $57.6B | $6.8B | ||
| Q3 24 | $57.0B | $6.6B | ||
| Q2 24 | $56.5B | $6.4B |
总资产AMDJLL
| Q1 26 | $79.6B | $17.9B | ||
| Q4 25 | $76.9B | $17.8B | ||
| Q3 25 | $76.9B | $17.2B | ||
| Q2 25 | $74.8B | $17.3B | ||
| Q1 25 | $71.5B | $16.6B | ||
| Q4 24 | $69.2B | $16.8B | ||
| Q3 24 | $69.6B | $17.8B | ||
| Q2 24 | $67.9B | $15.9B |
负债/权益比AMDJLL
| Q1 26 | 0.04× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $3.0B | $-17.7M |
| 自由现金流经营现金流 - 资本支出 | $2.6B | $-819.9M |
| 自由现金流率自由现金流/营收 | 25.0% | -12.8% |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 2.14× | -0.11× |
| 过去12个月自由现金流最近4个季度 | $8.6B | — |
8季度趋势，按日历期对齐
经营现金流AMDJLL
| Q1 26 | $3.0B | $-17.7M | ||
| Q4 25 | $2.6B | $1.0B | ||
| Q3 25 | $2.2B | $617.1M | ||
| Q2 25 | $2.0B | $332.8M | ||
| Q1 25 | $939.0M | $-767.6M | ||
| Q4 24 | $1.3B | $927.3M | ||
| Q3 24 | $628.0M | $261.6M | ||
| Q2 24 | $593.0M | $273.9M |
自由现金流AMDJLL
| Q1 26 | $2.6B | $-819.9M | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $727.0M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $496.0M | — | ||
| Q2 24 | $439.0M | — |
自由现金流率AMDJLL
| Q1 26 | 25.0% | -12.8% | ||
| Q4 25 | 23.2% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 7.5% | — |
资本支出强度AMDJLL
| Q1 26 | 3.8% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.6% | — |
现金转化率AMDJLL
| Q1 26 | 2.14× | -0.11× | ||
| Q4 25 | 1.72× | 2.52× | ||
| Q3 25 | 1.74× | 2.77× | ||
| Q2 25 | 2.31× | 3.01× | ||
| Q1 25 | 1.32× | -13.35× | ||
| Q4 24 | 2.70× | 3.84× | ||
| Q3 24 | 0.81× | 1.69× | ||
| Q2 24 | 2.24× | 3.25× |
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
| Data Center Segment | $5.8B | 56% |
| Client | $2.9B | 28% |
| Embedded Segment | $873.0M | 9% |
| Gaming | $720.0M | 7% |
JLL
| Real Estate Management Services | $5.1B | 79% |
| Leasing Advisory | $686.3M | 11% |
| Capital Markets Services | $535.2M | 8% |
| Investment Management | $99.3M | 2% |
