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超威半导体（AMD）与帕卡（PCAR）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帕卡的1.5倍（$10.3B vs $6.8B），超威半导体净利率更高（14.7% vs 8.2%，领先6.5%），超威半导体同比增速更快（34.1% vs -13.7%），超威半导体自由现金流更多（$2.4B vs $954.4M），过去两年超威半导体的营收复合增速更高（37.0% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
AMD vs PCAR — 直观对比
营收规模更大
AMD
是对方的1.5倍
$6.8B
营收增速更快
AMD
高出47.9%
-13.7%
净利率更高
AMD
高出6.5%
8.2%
自由现金流更多
AMD
多$1.4B
$954.4M
两年增速更快
AMD
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $6.8B |
| 净利润 | $1.5B | $556.9M |
| 毛利率 | 54.3% | 19.3% |
| 营业利润率 | 17.1% | 10.3% |
| 净利率 | 14.7% | 8.2% |
| 营收同比 | 34.1% | -13.7% |
| 净利润同比 | 213.5% | -36.1% |
| 每股收益（稀释后） | $0.92 | $1.06 |
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AMDPCAR
| Q4 25 | $10.3B | $6.8B | ||
| Q3 25 | $9.2B | $6.7B | ||
| Q2 25 | $7.7B | $7.5B | ||
| Q1 25 | $7.4B | $7.4B | ||
| Q4 24 | $7.7B | $7.9B | ||
| Q3 24 | $6.8B | $8.2B | ||
| Q2 24 | $5.8B | $8.8B | ||
| Q1 24 | $5.5B | $8.7B |
净利润AMDPCAR
| Q4 25 | $1.5B | $556.9M | ||
| Q3 25 | $1.2B | $590.0M | ||
| Q2 25 | $872.0M | $723.8M | ||
| Q1 25 | $709.0M | $505.1M | ||
| Q4 24 | $482.0M | $872.0M | ||
| Q3 24 | $771.0M | $972.1M | ||
| Q2 24 | $265.0M | $1.1B | ||
| Q1 24 | $123.0M | $1.2B |
毛利率AMDPCAR
| Q4 25 | 54.3% | 19.3% | ||
| Q3 25 | 51.7% | 19.9% | ||
| Q2 25 | 39.8% | 20.2% | ||
| Q1 25 | 50.2% | 20.8% | ||
| Q4 24 | 50.7% | 21.6% | ||
| Q3 24 | 50.1% | 22.0% | ||
| Q2 24 | 49.1% | 22.8% | ||
| Q1 24 | 46.8% | 23.7% |
营业利润率AMDPCAR
| Q4 25 | 17.1% | 10.3% | ||
| Q3 25 | 13.7% | 11.1% | ||
| Q2 25 | -1.7% | 12.4% | ||
| Q1 25 | 10.8% | 8.6% | ||
| Q4 24 | 11.4% | 14.5% | ||
| Q3 24 | 10.6% | 15.2% | ||
| Q2 24 | 4.6% | 16.7% | ||
| Q1 24 | 0.7% | 17.5% |
净利率AMDPCAR
| Q4 25 | 14.7% | 8.2% | ||
| Q3 25 | 13.4% | 8.8% | ||
| Q2 25 | 11.3% | 9.6% | ||
| Q1 25 | 9.5% | 6.8% | ||
| Q4 24 | 6.3% | 11.0% | ||
| Q3 24 | 11.3% | 11.8% | ||
| Q2 24 | 4.5% | 12.8% | ||
| Q1 24 | 2.2% | 13.7% |
每股收益（稀释后）AMDPCAR
| Q4 25 | $0.92 | $1.06 | ||
| Q3 25 | $0.75 | $1.12 | ||
| Q2 25 | $0.54 | $1.37 | ||
| Q1 25 | $0.44 | $0.96 | ||
| Q4 24 | $0.30 | $1.65 | ||
| Q3 24 | $0.47 | $1.85 | ||
| Q2 24 | $0.16 | $2.13 | ||
| Q1 24 | $0.07 | $2.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $19.3B |
| 总资产 | $76.9B | $44.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMDPCAR
| Q4 25 | $10.6B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $6.0B | — |
股东权益AMDPCAR
| Q4 25 | $63.0B | $19.3B | ||
| Q3 25 | $60.8B | $19.4B | ||
| Q2 25 | $59.7B | $18.9B | ||
| Q1 25 | $57.9B | $18.0B | ||
| Q4 24 | $57.6B | $17.5B | ||
| Q3 24 | $57.0B | $18.7B | ||
| Q2 24 | $56.5B | $17.7B | ||
| Q1 24 | $56.2B | $16.9B |
总资产AMDPCAR
| Q4 25 | $76.9B | $44.3B | ||
| Q3 25 | $76.9B | $44.2B | ||
| Q2 25 | $74.8B | $44.1B | ||
| Q1 25 | $71.5B | $42.7B | ||
| Q4 24 | $69.2B | $43.4B | ||
| Q3 24 | $69.6B | $43.3B | ||
| Q2 24 | $67.9B | $41.2B | ||
| Q1 24 | $67.9B | $40.4B |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $954.4M |
| 自由现金流率自由现金流/营收 | 23.2% | 14.0% |
| 资本支出强度资本支出/营收 | 2.2% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.72× | 2.05× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $3.7B |
8季度趋势，按日历期对齐
经营现金流AMDPCAR
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.0B | $833.4M | ||
| Q1 25 | $939.0M | $910.3M | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $628.0M | $1.3B | ||
| Q2 24 | $593.0M | $440.0M | ||
| Q1 24 | $521.0M | $1.5B |
自由现金流AMDPCAR
| Q4 25 | $2.4B | $954.4M | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.7B | $611.3M | ||
| Q1 25 | $727.0M | $745.2M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $496.0M | $1.1B | ||
| Q2 24 | $439.0M | $219.7M | ||
| Q1 24 | $379.0M | $1.3B |
自由现金流率AMDPCAR
| Q4 25 | 23.2% | 14.0% | ||
| Q3 25 | 20.6% | 20.4% | ||
| Q2 25 | 22.5% | 8.1% | ||
| Q1 25 | 9.8% | 10.0% | ||
| Q4 24 | 14.2% | 15.3% | ||
| Q3 24 | 7.3% | 13.3% | ||
| Q2 24 | 7.5% | 2.5% | ||
| Q1 24 | 6.9% | 14.6% |
资本支出强度AMDPCAR
| Q4 25 | 2.2% | 2.8% | ||
| Q3 25 | 2.8% | 2.5% | ||
| Q2 25 | 3.7% | 3.0% | ||
| Q1 25 | 2.9% | 2.2% | ||
| Q4 24 | 2.7% | 3.0% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.6% | 2.5% | ||
| Q1 24 | 2.6% | 2.2% |
现金转化率AMDPCAR
| Q4 25 | 1.72× | 2.05× | ||
| Q3 25 | 1.74× | 2.59× | ||
| Q2 25 | 2.31× | 1.15× | ||
| Q1 25 | 1.32× | 1.80× | ||
| Q4 24 | 2.70× | 1.66× | ||
| Q3 24 | 0.81× | 1.32× | ||
| Q2 24 | 2.24× | 0.39× | ||
| Q1 24 | 4.24× | 1.23× |
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% |
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
