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超威半导体（AMD）与TJX Companies（TJX）财务数据对比。点击上方公司名可切换其他公司
TJX Companies的季度营收约是超威半导体的1.5倍（$15.1B vs $10.3B），超威半导体净利率更高（14.7% vs 9.5%，领先5.2%），超威半导体同比增速更快（34.1% vs 7.5%），超威半导体自由现金流更多（$2.4B vs $1.0B），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。
TJX Companies是美国跨国折扣百货零售集团，总部位于马萨诸塞州弗雷明汉。1987年作为Zayre集团的子公司成立，1989年完成企业重组后成为Zayre集团的法定承继主体，是全球折扣零售行业的领先企业，业务布局覆盖全球多个主要市场。
AMD vs TJX — 直观对比
营收规模更大
TJX
是对方的1.5倍
$10.3B
营收增速更快
AMD
高出26.6%
7.5%
净利率更高
AMD
高出5.2%
9.5%
自由现金流更多
AMD
多$1.4B
$1.0B
两年增速更快
AMD
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $15.1B |
| 净利润 | $1.5B | $1.4B |
| 毛利率 | 54.3% | 32.6% |
| 营业利润率 | 17.1% | — |
| 净利率 | 14.7% | 9.5% |
| 营收同比 | 34.1% | 7.5% |
| 净利润同比 | 213.5% | 11.2% |
| 每股收益（稀释后） | $0.92 | $1.28 |
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AMDTJX
| Q4 25 | $10.3B | $15.1B | ||
| Q3 25 | $9.2B | $14.4B | ||
| Q2 25 | $7.7B | $13.1B | ||
| Q1 25 | $7.4B | $16.4B | ||
| Q4 24 | $7.7B | $14.1B | ||
| Q3 24 | $6.8B | $13.5B | ||
| Q2 24 | $5.8B | $12.5B | ||
| Q1 24 | $5.5B | $16.4B |
净利润AMDTJX
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $872.0M | $1.0B | ||
| Q1 25 | $709.0M | $1.4B | ||
| Q4 24 | $482.0M | $1.3B | ||
| Q3 24 | $771.0M | $1.1B | ||
| Q2 24 | $265.0M | $1.1B | ||
| Q1 24 | $123.0M | $1.4B |
毛利率AMDTJX
| Q4 25 | 54.3% | 32.6% | ||
| Q3 25 | 51.7% | 30.7% | ||
| Q2 25 | 39.8% | 29.5% | ||
| Q1 25 | 50.2% | 30.5% | ||
| Q4 24 | 50.7% | 31.6% | ||
| Q3 24 | 50.1% | 30.4% | ||
| Q2 24 | 49.1% | 30.0% | ||
| Q1 24 | 46.8% | 29.8% |
营业利润率AMDTJX
| Q4 25 | 17.1% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | 10.8% | 11.6% | ||
| Q4 24 | 11.4% | 12.3% | ||
| Q3 24 | 10.6% | 10.9% | ||
| Q2 24 | 4.6% | 11.1% | ||
| Q1 24 | 0.7% | 11.2% |
净利率AMDTJX
| Q4 25 | 14.7% | 9.5% | ||
| Q3 25 | 13.4% | 8.6% | ||
| Q2 25 | 11.3% | 7.9% | ||
| Q1 25 | 9.5% | 8.6% | ||
| Q4 24 | 6.3% | 9.2% | ||
| Q3 24 | 11.3% | 8.2% | ||
| Q2 24 | 4.5% | 8.6% | ||
| Q1 24 | 2.2% | 8.5% |
每股收益（稀释后）AMDTJX
| Q4 25 | $0.92 | $1.28 | ||
| Q3 25 | $0.75 | $1.10 | ||
| Q2 25 | $0.54 | $0.92 | ||
| Q1 25 | $0.44 | $1.23 | ||
| Q4 24 | $0.30 | $1.14 | ||
| Q3 24 | $0.47 | $0.96 | ||
| Q2 24 | $0.16 | $0.93 | ||
| Q1 24 | $0.07 | $1.22 |
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 | $4.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $9.4B |
| 总资产 | $76.9B | $35.2B |
| 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AMDTJX
| Q4 25 | $10.6B | $4.6B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $5.9B | $4.3B | ||
| Q1 25 | $7.3B | $5.3B | ||
| Q4 24 | $5.1B | $4.7B | ||
| Q3 24 | $4.5B | $5.3B | ||
| Q2 24 | $5.3B | $5.1B | ||
| Q1 24 | $6.0B | $5.6B |
股东权益AMDTJX
| Q4 25 | $63.0B | $9.4B | ||
| Q3 25 | $60.8B | $8.9B | ||
| Q2 25 | $59.7B | $8.5B | ||
| Q1 25 | $57.9B | $8.4B | ||
| Q4 24 | $57.6B | $8.2B | ||
| Q3 24 | $57.0B | $7.8B | ||
| Q2 24 | $56.5B | $7.5B | ||
| Q1 24 | $56.2B | $7.3B |
总资产AMDTJX
| Q4 25 | $76.9B | $35.2B | ||
| Q3 25 | $76.9B | $32.9B | ||
| Q2 25 | $74.8B | $31.9B | ||
| Q1 25 | $71.5B | $31.7B | ||
| Q4 24 | $69.2B | $32.4B | ||
| Q3 24 | $69.6B | $30.6B | ||
| Q2 24 | $67.9B | $29.7B | ||
| Q1 24 | $67.9B | $29.7B |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $1.0B |
| 自由现金流率自由现金流/营收 | 23.2% | 6.6% |
| 资本支出强度资本支出/营收 | 2.2% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $4.4B |
8季度趋势，按日历期对齐
经营现金流AMDTJX
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.0B | $394.0M | ||
| Q1 25 | $939.0M | $2.7B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $628.0M | $1.6B | ||
| Q2 24 | $593.0M | $737.0M | ||
| Q1 24 | $521.0M | $2.8B |
自由现金流AMDTJX
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.7B | $-103.0M | ||
| Q1 25 | $727.0M | $2.2B | ||
| Q4 24 | $1.1B | $624.0M | ||
| Q3 24 | $496.0M | $1.1B | ||
| Q2 24 | $439.0M | $318.0M | ||
| Q1 24 | $379.0M | $2.4B |
自由现金流率AMDTJX
| Q4 25 | 23.2% | 6.6% | ||
| Q3 25 | 20.6% | 9.2% | ||
| Q2 25 | 22.5% | -0.8% | ||
| Q1 25 | 9.8% | 13.4% | ||
| Q4 24 | 14.2% | 4.4% | ||
| Q3 24 | 7.3% | 7.9% | ||
| Q2 24 | 7.5% | 2.5% | ||
| Q1 24 | 6.9% | 14.4% |
资本支出强度AMDTJX
| Q4 25 | 2.2% | 3.5% | ||
| Q3 25 | 2.8% | 3.2% | ||
| Q2 25 | 3.7% | 3.8% | ||
| Q1 25 | 2.9% | 3.1% | ||
| Q4 24 | 2.7% | 3.0% | ||
| Q3 24 | 1.9% | 4.2% | ||
| Q2 24 | 2.6% | 3.4% | ||
| Q1 24 | 2.6% | 2.7% |
现金转化率AMDTJX
| Q4 25 | 1.72× | 1.06× | ||
| Q3 25 | 1.74× | 1.44× | ||
| Q2 25 | 2.31× | 0.38× | ||
| Q1 25 | 1.32× | 1.93× | ||
| Q4 24 | 2.70× | 0.81× | ||
| Q3 24 | 0.81× | 1.48× | ||
| Q2 24 | 2.24× | 0.69× | ||
| Q1 24 | 4.24× | 2.00× |
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% |
TJX
| Marmaxx | $9.0B | 60% |
| Home Goods | $2.5B | 17% |
| TJX International | $2.0B | 14% |
| Tjx Canada | $1.5B | 10% |
