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超威半导体（AMD）与WESCO INTERNATIONAL INC（WCC）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WESCO INTERNATIONAL INC的1.7倍（$10.3B vs $6.1B），超威半导体净利率更高（14.7% vs 2.6%，领先12.1%），超威半导体同比增速更快（34.1% vs 10.3%），超威半导体自由现金流更多（$2.4B vs $27.5M），过去两年超威半导体的营收复合增速更高（37.0% vs 6.5%）
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。
WESCO国际是一家美国上市控股公司，旗下子公司WESCO Distribution主营电气产品分销及相关服务，总部位于宾夕法尼亚州匹兹堡市，可为工业、基建、商业等多领域客户提供一站式电气供应链解决方案与技术支持服务。
AMD vs WCC — 直观对比
营收规模更大
AMD
是对方的1.7倍
$6.1B
营收增速更快
AMD
高出23.8%
10.3%
净利率更高
AMD
高出12.1%
2.6%
自由现金流更多
AMD
多$2.4B
$27.5M
两年增速更快
AMD
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $6.1B |
| 净利润 | $1.5B | $159.8M |
| 毛利率 | 54.3% | 21.2% |
| 营业利润率 | 17.1% | 5.3% |
| 净利率 | 14.7% | 2.6% |
| 营收同比 | 34.1% | 10.3% |
| 净利润同比 | 213.5% | -3.4% |
| 每股收益（稀释后） | $0.92 | $3.33 |
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AMDWCC
| Q4 25 | $10.3B | $6.1B | ||
| Q3 25 | $9.2B | $6.2B | ||
| Q2 25 | $7.7B | $5.9B | ||
| Q1 25 | $7.4B | $5.3B | ||
| Q4 24 | $7.7B | $5.5B | ||
| Q3 24 | $6.8B | $5.5B | ||
| Q2 24 | $5.8B | $5.5B | ||
| Q1 24 | $5.5B | $5.3B |
净利润AMDWCC
| Q4 25 | $1.5B | $159.8M | ||
| Q3 25 | $1.2B | $187.5M | ||
| Q2 25 | $872.0M | $174.5M | ||
| Q1 25 | $709.0M | $118.4M | ||
| Q4 24 | $482.0M | $165.4M | ||
| Q3 24 | $771.0M | $204.3M | ||
| Q2 24 | $265.0M | $232.1M | ||
| Q1 24 | $123.0M | $115.8M |
毛利率AMDWCC
| Q4 25 | 54.3% | 21.2% | ||
| Q3 25 | 51.7% | 21.3% | ||
| Q2 25 | 39.8% | 21.1% | ||
| Q1 25 | 50.2% | 21.1% | ||
| Q4 24 | 50.7% | 21.2% | ||
| Q3 24 | 50.1% | 22.1% | ||
| Q2 24 | 49.1% | 21.9% | ||
| Q1 24 | 46.8% | 21.3% |
营业利润率AMDWCC
| Q4 25 | 17.1% | 5.3% | ||
| Q3 25 | 13.7% | 5.6% | ||
| Q2 25 | -1.7% | 5.5% | ||
| Q1 25 | 10.8% | 4.5% | ||
| Q4 24 | 11.4% | 5.5% | ||
| Q3 24 | 10.6% | 6.1% | ||
| Q2 24 | 4.6% | 5.9% | ||
| Q1 24 | 0.7% | 4.9% |
净利率AMDWCC
| Q4 25 | 14.7% | 2.6% | ||
| Q3 25 | 13.4% | 3.0% | ||
| Q2 25 | 11.3% | 3.0% | ||
| Q1 25 | 9.5% | 2.2% | ||
| Q4 24 | 6.3% | 3.0% | ||
| Q3 24 | 11.3% | 3.7% | ||
| Q2 24 | 4.5% | 4.2% | ||
| Q1 24 | 2.2% | 2.2% |
每股收益（稀释后）AMDWCC
| Q4 25 | $0.92 | $3.33 | ||
| Q3 25 | $0.75 | $3.79 | ||
| Q2 25 | $0.54 | $3.83 | ||
| Q1 25 | $0.44 | $2.10 | ||
| Q4 24 | $0.30 | $3.01 | ||
| Q3 24 | $0.47 | $3.81 | ||
| Q2 24 | $0.16 | $4.28 | ||
| Q1 24 | $0.07 | $1.95 |
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 | $5.0B |
| 总资产 | $76.9B | $16.5B |
| 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AMDWCC
| 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AMDWCC
| Q4 25 | $63.0B | $5.0B | ||
| Q3 25 | $60.8B | $4.8B | ||
| Q2 25 | $59.7B | $4.8B | ||
| Q1 25 | $57.9B | $5.0B | ||
| Q4 24 | $57.6B | $5.0B | ||
| Q3 24 | $57.0B | $5.0B | ||
| Q2 24 | $56.5B | $4.9B | ||
| Q1 24 | $56.2B | $5.0B |
总资产AMDWCC
| Q4 25 | $76.9B | $16.5B | ||
| Q3 25 | $76.9B | $16.6B | ||
| Q2 25 | $74.8B | $16.2B | ||
| Q1 25 | $71.5B | $15.5B | ||
| Q4 24 | $69.2B | $15.1B | ||
| Q3 24 | $69.6B | $15.3B | ||
| Q2 24 | $67.9B | $15.1B | ||
| Q1 24 | $67.9B | $15.5B |
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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $27.5M |
| 自由现金流率自由现金流/营收 | 23.2% | 0.5% |
| 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× | 0.45× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $25.2M |
8季度趋势，按日历期对齐
经营现金流AMDWCC
| Q4 25 | $2.6B | $71.9M | ||
| Q3 25 | $2.2B | $-82.7M | ||
| Q2 25 | $2.0B | $107.8M | ||
| Q1 25 | $939.0M | $28.0M | ||
| Q4 24 | $1.3B | $276.6M | ||
| Q3 24 | $628.0M | $302.1M | ||
| Q2 24 | $593.0M | $-223.8M | ||
| Q1 24 | $521.0M | $746.3M |
自由现金流AMDWCC
| Q4 25 | $2.4B | $27.5M | ||
| Q3 25 | $1.9B | $-95.9M | ||
| Q2 25 | $1.7B | $86.0M | ||
| Q1 25 | $727.0M | $7.6M | ||
| Q4 24 | $1.1B | $252.3M | ||
| Q3 24 | $496.0M | $272.9M | ||
| Q2 24 | $439.0M | $-244.6M | ||
| Q1 24 | $379.0M | $725.9M |
自由现金流率AMDWCC
| Q4 25 | 23.2% | 0.5% | ||
| Q3 25 | 20.6% | -1.5% | ||
| Q2 25 | 22.5% | 1.5% | ||
| Q1 25 | 9.8% | 0.1% | ||
| Q4 24 | 14.2% | 4.6% | ||
| Q3 24 | 7.3% | 5.0% | ||
| Q2 24 | 7.5% | -4.5% | ||
| Q1 24 | 6.9% | 13.6% |
资本支出强度AMDWCC
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 2.8% | 0.2% | ||
| Q2 25 | 3.7% | 0.4% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 2.7% | 0.4% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 2.6% | 0.4% |
现金转化率AMDWCC
| Q4 25 | 1.72× | 0.45× | ||
| Q3 25 | 1.74× | -0.44× | ||
| Q2 25 | 2.31× | 0.62× | ||
| Q1 25 | 1.32× | 0.24× | ||
| Q4 24 | 2.70× | 1.67× | ||
| Q3 24 | 0.81× | 1.48× | ||
| Q2 24 | 2.24× | -0.96× | ||
| Q1 24 | 4.24× | 6.44× |
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% |
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
