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超威半导体（AMD）与菲利普莫里斯国际（PM）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菲利普莫里斯国际的1.0倍（$10.3B vs $10.1B），菲利普莫里斯国际净利率更高（24.0% vs 14.7%，领先9.3%），超威半导体同比增速更快（34.1% vs 9.1%），过去两年超威半导体的营收复合增速更高（37.0% vs 3.5%）
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。
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
AMD vs PM — 直观对比
营收规模更大
AMD
是对方的1.0倍
$10.1B
营收增速更快
AMD
高出25.0%
9.1%
净利率更高
PM
高出9.3%
14.7%
两年增速更快
AMD
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $10.1B |
| 净利润 | $1.5B | $2.4B |
| 毛利率 | 54.3% | 68.1% |
| 营业利润率 | 17.1% | 38.4% |
| 净利率 | 14.7% | 24.0% |
| 营收同比 | 34.1% | 9.1% |
| 净利润同比 | 213.5% | -9.4% |
| 每股收益（稀释后） | $0.92 | $1.56 |
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AMDPM
| Q1 26 | — | $10.1B | ||
| Q4 25 | $10.3B | $10.4B | ||
| Q3 25 | $9.2B | $10.8B | ||
| Q2 25 | $7.7B | $10.1B | ||
| Q1 25 | $7.4B | $9.3B | ||
| Q4 24 | $7.7B | $9.7B | ||
| Q3 24 | $6.8B | $9.9B | ||
| Q2 24 | $5.8B | $9.5B |
净利润AMDPM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.2B | $3.5B | ||
| Q2 25 | $872.0M | $3.0B | ||
| Q1 25 | $709.0M | $2.7B | ||
| Q4 24 | $482.0M | $-579.0M | ||
| Q3 24 | $771.0M | $3.1B | ||
| Q2 24 | $265.0M | $2.4B |
毛利率AMDPM
| Q1 26 | — | 68.1% | ||
| Q4 25 | 54.3% | 65.6% | ||
| Q3 25 | 51.7% | 67.8% | ||
| Q2 25 | 39.8% | 67.7% | ||
| Q1 25 | 50.2% | 67.3% | ||
| Q4 24 | 50.7% | 64.7% | ||
| Q3 24 | 50.1% | 66.0% | ||
| Q2 24 | 49.1% | 64.7% |
营业利润率AMDPM
| Q1 26 | — | 38.4% | ||
| Q4 25 | 17.1% | 32.6% | ||
| Q3 25 | 13.7% | 39.3% | ||
| Q2 25 | -1.7% | 36.6% | ||
| Q1 25 | 10.8% | 38.1% | ||
| Q4 24 | 11.4% | 33.6% | ||
| Q3 24 | 10.6% | 36.9% | ||
| Q2 24 | 4.6% | 36.4% |
净利率AMDPM
| Q1 26 | — | 24.0% | ||
| Q4 25 | 14.7% | 20.7% | ||
| Q3 25 | 13.4% | 32.1% | ||
| Q2 25 | 11.3% | 30.0% | ||
| Q1 25 | 9.5% | 28.9% | ||
| Q4 24 | 6.3% | -6.0% | ||
| Q3 24 | 11.3% | 31.1% | ||
| Q2 24 | 4.5% | 25.4% |
每股收益（稀释后）AMDPM
| Q1 26 | — | $1.56 | ||
| Q4 25 | $0.92 | $1.36 | ||
| Q3 25 | $0.75 | $2.23 | ||
| Q2 25 | $0.54 | $1.95 | ||
| Q1 25 | $0.44 | $1.72 | ||
| Q4 24 | $0.30 | $-0.37 | ||
| Q3 24 | $0.47 | $1.97 | ||
| Q2 24 | $0.16 | $1.54 |
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 | $5.5B |
| 总债务越低越好 | — | $49.5B |
| 股东权益账面价值 | $63.0B | — |
| 总资产 | $76.9B | $68.9B |
| 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AMDPM
| Q1 26 | — | $5.5B | ||
| Q4 25 | $10.6B | $4.9B | ||
| Q3 25 | $7.2B | $4.0B | ||
| Q2 25 | $5.9B | $4.1B | ||
| Q1 25 | $7.3B | $4.4B | ||
| Q4 24 | $5.1B | $4.2B | ||
| Q3 24 | $4.5B | $4.3B | ||
| Q2 24 | $5.3B | $4.8B |
总债务AMDPM
| Q1 26 | — | $49.5B | ||
| Q4 25 | — | $45.1B | ||
| Q3 25 | — | $41.9B | ||
| Q2 25 | — | $42.4B | ||
| Q1 25 | — | $38.8B | ||
| Q4 24 | — | $42.2B | ||
| Q3 24 | — | $44.2B | ||
| Q2 24 | — | $44.6B |
股东权益AMDPM
| Q1 26 | — | — | ||
| Q4 25 | $63.0B | $-10.0B | ||
| Q3 25 | $60.8B | $-10.9B | ||
| Q2 25 | $59.7B | $-12.0B | ||
| Q1 25 | $57.9B | $-10.9B | ||
| Q4 24 | $57.6B | $-11.8B | ||
| Q3 24 | $57.0B | $-9.7B | ||
| Q2 24 | $56.5B | $-9.7B |
总资产AMDPM
| Q1 26 | — | $68.9B | ||
| Q4 25 | $76.9B | $69.2B | ||
| Q3 25 | $76.9B | $67.1B | ||
| Q2 25 | $74.8B | $68.5B | ||
| Q1 25 | $71.5B | $65.1B | ||
| Q4 24 | $69.2B | $61.8B | ||
| Q3 24 | $69.6B | $66.9B | ||
| Q2 24 | $67.9B | $65.8B |
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 | — |
| 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× | — |
| 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AMDPM
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.7B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.0B | $3.4B | ||
| Q1 25 | $939.0M | $-350.0M | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $628.0M | $3.3B | ||
| Q2 24 | $593.0M | $4.6B |
自由现金流AMDPM
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $4.3B | ||
| Q3 25 | $1.9B | $4.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $727.0M | $-754.0M | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $496.0M | $3.0B | ||
| Q2 24 | $439.0M | $4.3B |
自由现金流率AMDPM
| Q1 26 | — | — | ||
| Q4 25 | 23.2% | 41.2% | ||
| Q3 25 | 20.6% | 37.8% | ||
| Q2 25 | 22.5% | 30.1% | ||
| Q1 25 | 9.8% | -8.1% | ||
| Q4 24 | 14.2% | 38.4% | ||
| Q3 24 | 7.3% | 29.9% | ||
| Q2 24 | 7.5% | 45.0% |
资本支出强度AMDPM
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 4.3% | ||
| Q3 25 | 2.8% | 3.4% | ||
| Q2 25 | 3.7% | 3.5% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 1.9% | 3.8% | ||
| Q2 24 | 2.6% | 3.9% |
现金转化率AMDPM
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 2.20× | ||
| Q3 25 | 1.74× | 1.28× | ||
| Q2 25 | 2.31× | 1.12× | ||
| Q1 25 | 1.32× | -0.13× | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 0.81× | 1.08× | ||
| Q2 24 | 2.24× | 1.93× |
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% |
PM
暂无分部数据
