vs
超威半导体（AMD）与Block, Inc.（XYZ）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Block, Inc.的1.6倍（$10.3B vs $6.3B），超威半导体净利率更高（14.7% vs 1.9%，领先12.9%），超威半导体同比增速更快（34.1% vs 3.6%），超威半导体自由现金流更多（$2.4B vs $579.8M），过去两年超威半导体的营收复合增速更高（37.0% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
AMD vs XYZ — 直观对比
营收规模更大
AMD
是对方的1.6倍
$6.3B
营收增速更快
AMD
高出30.5%
3.6%
净利率更高
AMD
高出12.9%
1.9%
自由现金流更多
AMD
多$1.8B
$579.8M
两年增速更快
AMD
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $6.3B |
| 净利润 | $1.5B | $115.8M |
| 毛利率 | 54.3% | 45.9% |
| 营业利润率 | 17.1% | 7.8% |
| 净利率 | 14.7% | 1.9% |
| 营收同比 | 34.1% | 3.6% |
| 净利润同比 | 213.5% | -94.1% |
| 每股收益（稀释后） | $0.92 | $0.19 |
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AMDXYZ
| Q4 25 | $10.3B | $6.3B | ||
| Q3 25 | $9.2B | $6.1B | ||
| Q2 25 | $7.7B | $6.1B | ||
| Q1 25 | $7.4B | $5.8B | ||
| Q4 24 | $7.7B | $6.0B | ||
| Q3 24 | $6.8B | $6.0B | ||
| Q2 24 | $5.8B | $6.2B | ||
| Q1 24 | $5.5B | $6.0B |
净利润AMDXYZ
| Q4 25 | $1.5B | $115.8M | ||
| Q3 25 | $1.2B | $461.5M | ||
| Q2 25 | $872.0M | $538.5M | ||
| Q1 25 | $709.0M | $189.9M | ||
| Q4 24 | $482.0M | $1.9B | ||
| Q3 24 | $771.0M | $283.8M | ||
| Q2 24 | $265.0M | $195.3M | ||
| Q1 24 | $123.0M | $472.0M |
毛利率AMDXYZ
| Q4 25 | 54.3% | 45.9% | ||
| Q3 25 | 51.7% | 43.5% | ||
| Q2 25 | 39.8% | 41.9% | ||
| Q1 25 | 50.2% | 39.7% | ||
| Q4 24 | 50.7% | 38.3% | ||
| Q3 24 | 50.1% | 37.6% | ||
| Q2 24 | 49.1% | 36.3% | ||
| Q1 24 | 46.8% | 35.2% |
营业利润率AMDXYZ
| Q4 25 | 17.1% | 7.8% | ||
| Q3 25 | 13.7% | 6.7% | ||
| Q2 25 | -1.7% | 8.0% | ||
| Q1 25 | 10.8% | 5.7% | ||
| Q4 24 | 11.4% | 0.2% | ||
| Q3 24 | 10.6% | 5.4% | ||
| Q2 24 | 4.6% | 5.0% | ||
| Q1 24 | 0.7% | 4.2% |
净利率AMDXYZ
| Q4 25 | 14.7% | 1.9% | ||
| Q3 25 | 13.4% | 7.5% | ||
| Q2 25 | 11.3% | 8.9% | ||
| Q1 25 | 9.5% | 3.3% | ||
| Q4 24 | 6.3% | 32.3% | ||
| Q3 24 | 11.3% | 4.7% | ||
| Q2 24 | 4.5% | 3.2% | ||
| Q1 24 | 2.2% | 7.9% |
每股收益（稀释后）AMDXYZ
| Q4 25 | $0.92 | $0.19 | ||
| Q3 25 | $0.75 | $0.74 | ||
| Q2 25 | $0.54 | $0.87 | ||
| Q1 25 | $0.44 | $0.30 | ||
| Q4 24 | $0.30 | $3.06 | ||
| Q3 24 | $0.47 | $0.45 | ||
| Q2 24 | $0.16 | $0.31 | ||
| Q1 24 | $0.07 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $22.2B |
| 总资产 | $76.9B | $39.5B |
| 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AMDXYZ
| Q4 25 | $10.6B | $6.6B | ||
| Q3 25 | $7.2B | $8.3B | ||
| Q2 25 | $5.9B | $6.4B | ||
| Q1 25 | $7.3B | $7.1B | ||
| Q4 24 | $5.1B | $8.1B | ||
| Q3 24 | $4.5B | $8.3B | ||
| Q2 24 | $5.3B | $7.8B | ||
| Q1 24 | $6.0B | $5.8B |
总债务AMDXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
股东权益AMDXYZ
| Q4 25 | $63.0B | $22.2B | ||
| Q3 25 | $60.8B | $22.5B | ||
| Q2 25 | $59.7B | $22.2B | ||
| Q1 25 | $57.9B | $21.5B | ||
| Q4 24 | $57.6B | $21.3B | ||
| Q3 24 | $57.0B | $19.9B | ||
| Q2 24 | $56.5B | $19.3B | ||
| Q1 24 | $56.2B | $19.0B |
总资产AMDXYZ
| Q4 25 | $76.9B | $39.5B | ||
| Q3 25 | $76.9B | $39.2B | ||
| Q2 25 | $74.8B | $36.9B | ||
| Q1 25 | $71.5B | $36.4B | ||
| Q4 24 | $69.2B | $36.8B | ||
| Q3 24 | $69.6B | $36.4B | ||
| Q2 24 | $67.9B | $37.5B | ||
| Q1 24 | $67.9B | $35.6B |
负债/权益比AMDXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $579.8M |
| 自由现金流率自由现金流/营收 | 23.2% | 9.3% |
| 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× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $2.4B |
8季度趋势，按日历期对齐
经营现金流AMDXYZ
| Q4 25 | $2.6B | $621.0M | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.0B | $374.3M | ||
| Q1 25 | $939.0M | $133.3M | ||
| Q4 24 | $1.3B | $13.8M | ||
| Q3 24 | $628.0M | $684.8M | ||
| Q2 24 | $593.0M | $519.4M | ||
| Q1 24 | $521.0M | $489.4M |
自由现金流AMDXYZ
| Q4 25 | $2.4B | $579.8M | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.7B | $343.0M | ||
| Q1 25 | $727.0M | $101.5M | ||
| Q4 24 | $1.1B | $-13.2M | ||
| Q3 24 | $496.0M | $628.2M | ||
| Q2 24 | $439.0M | $481.0M | ||
| Q1 24 | $379.0M | $457.4M |
自由现金流率AMDXYZ
| Q4 25 | 23.2% | 9.3% | ||
| Q3 25 | 20.6% | 22.9% | ||
| Q2 25 | 22.5% | 5.7% | ||
| Q1 25 | 9.8% | 1.8% | ||
| Q4 24 | 14.2% | -0.2% | ||
| Q3 24 | 7.3% | 10.5% | ||
| Q2 24 | 7.5% | 7.8% | ||
| Q1 24 | 6.9% | 7.7% |
资本支出强度AMDXYZ
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 2.8% | 0.8% | ||
| Q2 25 | 3.7% | 0.5% | ||
| Q1 25 | 2.9% | 0.6% | ||
| Q4 24 | 2.7% | 0.4% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 2.6% | 0.6% | ||
| Q1 24 | 2.6% | 0.5% |
现金转化率AMDXYZ
| Q4 25 | 1.72× | 5.36× | ||
| Q3 25 | 1.74× | 3.14× | ||
| Q2 25 | 2.31× | 0.70× | ||
| Q1 25 | 1.32× | 0.70× | ||
| Q4 24 | 2.70× | 0.01× | ||
| Q3 24 | 0.81× | 2.41× | ||
| Q2 24 | 2.24× | 2.66× | ||
| Q1 24 | 4.24× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
