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超威半导体（AMD）与百事公司（PFGC）财务数据对比。点击上方公司名可切换其他公司
百事公司的季度营收约是超威半导体的1.6倍（$16.4B vs $10.3B），超威半导体净利率更高（14.7% vs 0.4%，领先14.3%），超威半导体同比增速更快（34.1% vs 5.2%），超威半导体自由现金流更多（$2.4B vs $487.8M），过去两年超威半导体的营收复合增速更高（37.0% vs 8.9%）
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。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料企业，1965年由百事可乐公司与菲多利合并成立。业务覆盖食品饮料全领域，负责旗下产品的生产、分销与市场营销，产品矩阵从最初的百事可乐扩展到了丰富多元的知名品牌组合。
AMD vs PFGC — 直观对比
营收规模更大
PFGC
是对方的1.6倍
$10.3B
营收增速更快
AMD
高出29.0%
5.2%
净利率更高
AMD
高出14.3%
0.4%
自由现金流更多
AMD
多$1.9B
$487.8M
两年增速更快
AMD
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $16.4B |
| 净利润 | $1.5B | $61.7M |
| 毛利率 | 54.3% | 12.0% |
| 营业利润率 | 17.1% | 1.2% |
| 净利率 | 14.7% | 0.4% |
| 营收同比 | 34.1% | 5.2% |
| 净利润同比 | 213.5% | 45.5% |
| 每股收益（稀释后） | $0.92 | $0.39 |
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AMDPFGC
| Q4 25 | $10.3B | $16.4B | ||
| Q3 25 | $9.2B | $17.1B | ||
| Q2 25 | $7.7B | $16.9B | ||
| Q1 25 | $7.4B | $15.3B | ||
| Q4 24 | $7.7B | $15.6B | ||
| Q3 24 | $6.8B | $15.4B | ||
| Q2 24 | $5.8B | $15.2B | ||
| Q1 24 | $5.5B | $13.9B |
净利润AMDPFGC
| Q4 25 | $1.5B | $61.7M | ||
| Q3 25 | $1.2B | $93.6M | ||
| Q2 25 | $872.0M | $131.5M | ||
| Q1 25 | $709.0M | $58.3M | ||
| Q4 24 | $482.0M | $42.4M | ||
| Q3 24 | $771.0M | $108.0M | ||
| Q2 24 | $265.0M | $166.5M | ||
| Q1 24 | $123.0M | $70.4M |
毛利率AMDPFGC
| Q4 25 | 54.3% | 12.0% | ||
| Q3 25 | 51.7% | 11.8% | ||
| Q2 25 | 39.8% | 11.8% | ||
| Q1 25 | 50.2% | 11.9% | ||
| Q4 24 | 50.7% | 11.7% | ||
| Q3 24 | 50.1% | 11.4% | ||
| Q2 24 | 49.1% | 11.5% | ||
| Q1 24 | 46.8% | 11.3% |
营业利润率AMDPFGC
| Q4 25 | 17.1% | 1.2% | ||
| Q3 25 | 13.7% | 1.3% | ||
| Q2 25 | -1.7% | 1.6% | ||
| Q1 25 | 10.8% | 1.1% | ||
| Q4 24 | 11.4% | 1.0% | ||
| Q3 24 | 10.6% | 1.4% | ||
| Q2 24 | 4.6% | 1.9% | ||
| Q1 24 | 0.7% | 1.1% |
净利率AMDPFGC
| Q4 25 | 14.7% | 0.4% | ||
| Q3 25 | 13.4% | 0.5% | ||
| Q2 25 | 11.3% | 0.8% | ||
| Q1 25 | 9.5% | 0.4% | ||
| Q4 24 | 6.3% | 0.3% | ||
| Q3 24 | 11.3% | 0.7% | ||
| Q2 24 | 4.5% | 1.1% | ||
| Q1 24 | 2.2% | 0.5% |
每股收益（稀释后）AMDPFGC
| Q4 25 | $0.92 | $0.39 | ||
| Q3 25 | $0.75 | $0.60 | ||
| Q2 25 | $0.54 | $0.85 | ||
| Q1 25 | $0.44 | $0.37 | ||
| Q4 24 | $0.30 | $0.27 | ||
| Q3 24 | $0.47 | $0.69 | ||
| Q2 24 | $0.16 | $1.07 | ||
| Q1 24 | $0.07 | $0.45 |
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 | — | $5.3B |
| 股东权益账面价值 | $63.0B | $4.6B |
| 总资产 | $76.9B | $18.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资AMDPFGC
| 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 | — |
总债务AMDPFGC
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益AMDPFGC
| Q4 25 | $63.0B | $4.6B | ||
| Q3 25 | $60.8B | $4.6B | ||
| Q2 25 | $59.7B | $4.5B | ||
| Q1 25 | $57.9B | $4.3B | ||
| Q4 24 | $57.6B | $4.3B | ||
| Q3 24 | $57.0B | $4.2B | ||
| Q2 24 | $56.5B | $4.1B | ||
| Q1 24 | $56.2B | $4.0B |
总资产AMDPFGC
| Q4 25 | $76.9B | $18.2B | ||
| Q3 25 | $76.9B | $18.4B | ||
| Q2 25 | $74.8B | $17.9B | ||
| Q1 25 | $71.5B | $17.1B | ||
| Q4 24 | $69.2B | $17.1B | ||
| Q3 24 | $69.6B | $14.4B | ||
| Q2 24 | $67.9B | $13.4B | ||
| Q1 24 | $67.9B | $12.9B |
负债/权益比AMDPFGC
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.81× |
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 | $601.2M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $487.8M |
| 自由现金流率自由现金流/营收 | 23.2% | 3.0% |
| 资本支出强度资本支出/营收 | 2.2% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.72× | 9.74× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $792.7M |
8季度趋势，按日历期对齐
经营现金流AMDPFGC
| Q4 25 | $2.6B | $601.2M | ||
| Q3 25 | $2.2B | $-145.2M | ||
| Q2 25 | $2.0B | $383.0M | ||
| Q1 25 | $939.0M | $448.1M | ||
| Q4 24 | $1.3B | $325.5M | ||
| Q3 24 | $628.0M | $53.5M | ||
| Q2 24 | $593.0M | $206.3M | ||
| Q1 24 | $521.0M | $402.7M |
自由现金流AMDPFGC
| Q4 25 | $2.4B | $487.8M | ||
| Q3 25 | $1.9B | $-224.1M | ||
| Q2 25 | $1.7B | $209.7M | ||
| Q1 25 | $727.0M | $319.3M | ||
| Q4 24 | $1.1B | $218.1M | ||
| Q3 24 | $496.0M | $-43.0M | ||
| Q2 24 | $439.0M | $55.1M | ||
| Q1 24 | $379.0M | $305.4M |
自由现金流率AMDPFGC
| Q4 25 | 23.2% | 3.0% | ||
| Q3 25 | 20.6% | -1.3% | ||
| Q2 25 | 22.5% | 1.2% | ||
| Q1 25 | 9.8% | 2.1% | ||
| Q4 24 | 14.2% | 1.4% | ||
| Q3 24 | 7.3% | -0.3% | ||
| Q2 24 | 7.5% | 0.4% | ||
| Q1 24 | 6.9% | 2.2% |
资本支出强度AMDPFGC
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 2.8% | 0.5% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | 2.7% | 0.7% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 2.6% | 1.0% | ||
| Q1 24 | 2.6% | 0.7% |
现金转化率AMDPFGC
| Q4 25 | 1.72× | 9.74× | ||
| Q3 25 | 1.74× | -1.55× | ||
| Q2 25 | 2.31× | 2.91× | ||
| Q1 25 | 1.32× | 7.69× | ||
| Q4 24 | 2.70× | 7.68× | ||
| Q3 24 | 0.81× | 0.50× | ||
| Q2 24 | 2.24× | 1.24× | ||
| Q1 24 | 4.24× | 5.72× |
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% |
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
