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超威半导体（AMD）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是超威半导体的1.7倍（$17.9B vs $10.3B），摩根士丹利净利率更高（24.6% vs 14.7%，领先9.9%）
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。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
AMD vs MS — 直观对比
营收规模更大
MS
是对方的1.7倍
$10.3B
净利率更高
MS
高出9.9%
14.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $17.9B |
| 净利润 | $1.5B | $4.4B |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | 32.2% |
| 净利率 | 14.7% | 24.6% |
| 营收同比 | 34.1% | — |
| 净利润同比 | 213.5% | — |
| 每股收益（稀释后） | $0.92 | $2.68 |
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AMDMS
| Q4 25 | $10.3B | $17.9B | ||
| Q3 25 | $9.2B | $18.2B | ||
| Q2 25 | $7.7B | $16.8B | ||
| Q1 25 | $7.4B | $17.7B | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $6.8B | $15.4B | ||
| Q2 24 | $5.8B | $15.0B | ||
| Q1 24 | $5.5B | $15.1B |
净利润AMDMS
| Q4 25 | $1.5B | $4.4B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $872.0M | $3.5B | ||
| Q1 25 | $709.0M | $4.3B | ||
| Q4 24 | $482.0M | — | ||
| Q3 24 | $771.0M | $3.2B | ||
| Q2 24 | $265.0M | $3.1B | ||
| Q1 24 | $123.0M | $3.4B |
毛利率AMDMS
| 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AMDMS
| Q4 25 | 17.1% | 32.2% | ||
| Q3 25 | 13.7% | 33.1% | ||
| Q2 25 | -1.7% | 27.5% | ||
| Q1 25 | 10.8% | 31.3% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 10.6% | 27.4% | ||
| Q2 24 | 4.6% | 27.1% | ||
| Q1 24 | 0.7% | 29.0% |
净利率AMDMS
| Q4 25 | 14.7% | 24.6% | ||
| Q3 25 | 13.4% | 25.3% | ||
| Q2 25 | 11.3% | 21.1% | ||
| Q1 25 | 9.5% | 24.3% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 11.3% | 20.7% | ||
| Q2 24 | 4.5% | 20.5% | ||
| Q1 24 | 2.2% | 22.5% |
每股收益（稀释后）AMDMS
| Q4 25 | $0.92 | $2.68 | ||
| Q3 25 | $0.75 | $2.80 | ||
| Q2 25 | $0.54 | $2.13 | ||
| Q1 25 | $0.44 | $2.60 | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.47 | $1.88 | ||
| Q2 24 | $0.16 | $1.82 | ||
| Q1 24 | $0.07 | $2.02 |
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 | $111.7B |
| 总债务越低越好 | — | $341.7B |
| 股东权益账面价值 | $63.0B | $111.6B |
| 总资产 | $76.9B | $1420.3B |
| 负债/权益比越低杠杆越低 | — | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资AMDMS
| Q4 25 | $10.6B | $111.7B | ||
| Q3 25 | $7.2B | $103.7B | ||
| Q2 25 | $5.9B | $109.1B | ||
| Q1 25 | $7.3B | $90.7B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.5B | $91.1B | ||
| Q2 24 | $5.3B | $90.2B | ||
| Q1 24 | $6.0B | $102.3B |
总债务AMDMS
| Q4 25 | — | $341.7B | ||
| Q3 25 | — | $324.1B | ||
| Q2 25 | — | $320.1B | ||
| Q1 25 | — | $297.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $291.2B | ||
| Q2 24 | — | $269.9B | ||
| Q1 24 | — | $266.1B |
股东权益AMDMS
| Q4 25 | $63.0B | $111.6B | ||
| Q3 25 | $60.8B | $110.0B | ||
| Q2 25 | $59.7B | $108.2B | ||
| Q1 25 | $57.9B | $106.8B | ||
| Q4 24 | $57.6B | — | ||
| Q3 24 | $57.0B | $103.6B | ||
| Q2 24 | $56.5B | $100.7B | ||
| Q1 24 | $56.2B | $99.2B |
总资产AMDMS
| Q4 25 | $76.9B | $1420.3B | ||
| Q3 25 | $76.9B | $1364.8B | ||
| Q2 25 | $74.8B | $1353.9B | ||
| Q1 25 | $71.5B | $1300.3B | ||
| Q4 24 | $69.2B | — | ||
| Q3 24 | $69.6B | $1258.0B | ||
| Q2 24 | $67.9B | $1212.4B | ||
| Q1 24 | $67.9B | $1228.5B |
负债/权益比AMDMS
| Q4 25 | — | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× | ||
| Q1 24 | — | 2.68× |
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 | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | — |
| 自由现金流率自由现金流/营收 | 23.2% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.72× | -0.55× |
| 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AMDMS
| Q4 25 | $2.6B | $-2.4B | ||
| Q3 25 | $2.2B | $-3.3B | ||
| Q2 25 | $2.0B | $11.8B | ||
| Q1 25 | $939.0M | $-24.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $628.0M | — | ||
| Q2 24 | $593.0M | — | ||
| Q1 24 | $521.0M | $4.4B |
自由现金流AMDMS
| 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 | — | ||
| Q1 24 | $379.0M | — |
自由现金流率AMDMS
| 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% | — | ||
| Q1 24 | 6.9% | — |
资本支出强度AMDMS
| 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% | — | ||
| Q1 24 | 2.6% | — |
现金转化率AMDMS
| Q4 25 | 1.72× | -0.55× | ||
| Q3 25 | 1.74× | -0.72× | ||
| Q2 25 | 2.31× | 3.34× | ||
| Q1 25 | 1.32× | -5.56× | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 4.24× | 1.28× |
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% |
MS
暂无分部数据
