vs
超威半导体（AMD）与林德（LIN）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林德的1.2倍（$10.3B vs $8.8B），林德净利率更高（17.5% vs 14.7%，领先2.7%），超威半导体同比增速更快（34.1% vs 5.8%），超威半导体自由现金流更多（$2.4B vs $1.6B），过去两年超威半导体的营收复合增速更高（37.0% vs 4.0%）
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。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
AMD vs LIN — 直观对比
营收规模更大
AMD
是对方的1.2倍
$8.8B
营收增速更快
AMD
高出28.3%
5.8%
净利率更高
LIN
高出2.7%
14.7%
自由现金流更多
AMD
多$806.0M
$1.6B
两年增速更快
AMD
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $8.8B |
| 净利润 | $1.5B | $1.5B |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | 23.0% |
| 净利率 | 14.7% | 17.5% |
| 营收同比 | 34.1% | 5.8% |
| 净利润同比 | 213.5% | -11.3% |
| 每股收益（稀释后） | $0.92 | $3.28 |
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AMDLIN
| Q4 25 | $10.3B | $8.8B | ||
| Q3 25 | $9.2B | $8.6B | ||
| Q2 25 | $7.7B | $8.5B | ||
| Q1 25 | $7.4B | $8.1B | ||
| Q4 24 | $7.7B | $8.3B | ||
| Q3 24 | $6.8B | $8.4B | ||
| Q2 24 | $5.8B | $8.3B | ||
| Q1 24 | $5.5B | $8.1B |
净利润AMDLIN
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $872.0M | $1.8B | ||
| Q1 25 | $709.0M | $1.7B | ||
| Q4 24 | $482.0M | $1.7B | ||
| Q3 24 | $771.0M | $1.6B | ||
| Q2 24 | $265.0M | $1.7B | ||
| Q1 24 | $123.0M | $1.6B |
毛利率AMDLIN
| 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AMDLIN
| Q4 25 | 17.1% | 23.0% | ||
| Q3 25 | 13.7% | 27.5% | ||
| Q2 25 | -1.7% | 27.7% | ||
| Q1 25 | 10.8% | 26.9% | ||
| Q4 24 | 11.4% | 27.4% | ||
| Q3 24 | 10.6% | 25.0% | ||
| Q2 24 | 4.6% | 26.4% | ||
| Q1 24 | 0.7% | 25.9% |
净利率AMDLIN
| Q4 25 | 14.7% | 17.5% | ||
| Q3 25 | 13.4% | 22.4% | ||
| Q2 25 | 11.3% | 20.8% | ||
| Q1 25 | 9.5% | 20.6% | ||
| Q4 24 | 6.3% | 20.8% | ||
| Q3 24 | 11.3% | 18.5% | ||
| Q2 24 | 4.5% | 20.1% | ||
| Q1 24 | 2.2% | 20.1% |
每股收益（稀释后）AMDLIN
| Q4 25 | $0.92 | $3.28 | ||
| Q3 25 | $0.75 | $4.09 | ||
| Q2 25 | $0.54 | $3.73 | ||
| Q1 25 | $0.44 | $3.51 | ||
| Q4 24 | $0.30 | $3.61 | ||
| Q3 24 | $0.47 | $3.22 | ||
| Q2 24 | $0.16 | $3.44 | ||
| Q1 24 | $0.07 | $3.35 |
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 | $5.1B |
| 总债务越低越好 | — | $20.7B |
| 股东权益账面价值 | $63.0B | $38.2B |
| 总资产 | $76.9B | $86.8B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AMDLIN
| Q4 25 | $10.6B | $5.1B | ||
| Q3 25 | $7.2B | $4.5B | ||
| Q2 25 | $5.9B | $4.8B | ||
| Q1 25 | $7.3B | $5.3B | ||
| Q4 24 | $5.1B | $4.8B | ||
| Q3 24 | $4.5B | $5.2B | ||
| Q2 24 | $5.3B | $4.6B | ||
| Q1 24 | $6.0B | $4.8B |
总债务AMDLIN
| Q4 25 | — | $20.7B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $17.6B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $17.5B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $15.2B |
股东权益AMDLIN
| Q4 25 | $63.0B | $38.2B | ||
| Q3 25 | $60.8B | $38.6B | ||
| Q2 25 | $59.7B | $38.5B | ||
| Q1 25 | $57.9B | $38.0B | ||
| Q4 24 | $57.6B | $38.1B | ||
| Q3 24 | $57.0B | $39.2B | ||
| Q2 24 | $56.5B | $38.2B | ||
| Q1 24 | $56.2B | $38.8B |
总资产AMDLIN
| Q4 25 | $76.9B | $86.8B | ||
| Q3 25 | $76.9B | $86.0B | ||
| Q2 25 | $74.8B | $86.1B | ||
| Q1 25 | $71.5B | $82.7B | ||
| Q4 24 | $69.2B | $80.1B | ||
| Q3 24 | $69.6B | $82.5B | ||
| Q2 24 | $67.9B | $80.2B | ||
| Q1 24 | $67.9B | $80.3B |
负债/权益比AMDLIN
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.39× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $1.6B |
| 自由现金流率自由现金流/营收 | 23.2% | 17.9% |
| 资本支出强度资本支出/营收 | 2.2% | 16.6% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $5.1B |
8季度趋势，按日历期对齐
经营现金流AMDLIN
| Q4 25 | $2.6B | $3.0B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $939.0M | $2.2B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $628.0M | $2.7B | ||
| Q2 24 | $593.0M | $1.9B | ||
| Q1 24 | $521.0M | $2.0B |
自由现金流AMDLIN
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.7B | $954.0M | ||
| Q1 25 | $727.0M | $891.0M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $496.0M | $1.7B | ||
| Q2 24 | $439.0M | $796.0M | ||
| Q1 24 | $379.0M | $906.0M |
自由现金流率AMDLIN
| Q4 25 | 23.2% | 17.9% | ||
| Q3 25 | 20.6% | 19.4% | ||
| Q2 25 | 22.5% | 11.2% | ||
| Q1 25 | 9.8% | 11.0% | ||
| Q4 24 | 14.2% | 18.8% | ||
| Q3 24 | 7.3% | 19.9% | ||
| Q2 24 | 7.5% | 9.6% | ||
| Q1 24 | 6.9% | 11.2% |
资本支出强度AMDLIN
| Q4 25 | 2.2% | 16.6% | ||
| Q3 25 | 2.8% | 14.8% | ||
| Q2 25 | 3.7% | 14.8% | ||
| Q1 25 | 2.9% | 15.7% | ||
| Q4 24 | 2.7% | 15.1% | ||
| Q3 24 | 1.9% | 12.8% | ||
| Q2 24 | 2.6% | 13.7% | ||
| Q1 24 | 2.6% | 12.9% |
现金转化率AMDLIN
| Q4 25 | 1.72× | 1.98× | ||
| Q3 25 | 1.74× | 1.53× | ||
| Q2 25 | 2.31× | 1.25× | ||
| Q1 25 | 1.32× | 1.29× | ||
| Q4 24 | 2.70× | 1.63× | ||
| Q3 24 | 0.81× | 1.76× | ||
| Q2 24 | 2.24× | 1.16× | ||
| Q1 24 | 4.24× | 1.20× |
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% |
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
