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Amentum Holdings, Inc.（AMTM）与新美亚（SANM）财务数据对比。点击上方公司名可切换其他公司
Amentum Holdings, Inc.的季度营收约是新美亚的1.0倍（$3.2B vs $3.2B），新美亚净利率更高（1.5% vs 1.4%，领先0.2%），新美亚同比增速更快（59.0% vs -5.2%），新美亚自由现金流更多（$91.9M vs $-142.0M），过去两年新美亚的营收复合增速更高（31.9% vs 25.6%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
AMTM vs SANM — 直观对比
营收规模更大
AMTM
是对方的1.0倍
$3.2B
营收增速更快
SANM
高出64.2%
-5.2%
净利率更高
SANM
高出0.2%
1.4%
自由现金流更多
SANM
多$233.9M
$-142.0M
两年增速更快
SANM
近两年复合增速
25.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.2B |
| 净利润 | $44.0M | $49.3M |
| 毛利率 | 10.1% | 7.6% |
| 营业利润率 | 4.3% | 2.3% |
| 净利率 | 1.4% | 1.5% |
| 营收同比 | -5.2% | 59.0% |
| 净利润同比 | 266.7% | -24.2% |
| 每股收益（稀释后） | $0.18 | $0.89 |
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AMTMSANM
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $2.0B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $2.1B | $1.8B |
净利润AMTMSANM
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $49.3M | ||
| Q3 25 | — | $48.1M | ||
| Q2 25 | $10.0M | $68.6M | ||
| Q1 25 | $4.0M | $64.2M | ||
| Q4 24 | $12.0M | $65.0M | ||
| Q3 24 | $26.0M | $61.4M | ||
| Q2 24 | $-26.0M | $51.6M |
毛利率AMTMSANM
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 7.6% | ||
| Q3 25 | — | 9.1% | ||
| Q2 25 | 10.3% | 8.9% | ||
| Q1 25 | 10.5% | 8.9% | ||
| Q4 24 | 10.6% | 8.4% | ||
| Q3 24 | 9.0% | 8.5% | ||
| Q2 24 | 9.6% | 8.3% |
营业利润率AMTMSANM
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | 2.9% | 4.7% | ||
| Q1 25 | 3.2% | 4.6% | ||
| Q4 24 | 3.9% | 4.4% | ||
| Q3 24 | 1.2% | 4.4% | ||
| Q2 24 | 4.2% | 4.5% |
净利率AMTMSANM
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 1.5% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 0.3% | 3.4% | ||
| Q1 25 | 0.1% | 3.2% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 1.2% | 3.0% | ||
| Q2 24 | -1.2% | 2.8% |
每股收益（稀释后）AMTMSANM
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $0.89 | ||
| Q3 25 | — | $0.88 | ||
| Q2 25 | $0.04 | $1.26 | ||
| Q1 25 | $0.02 | $1.16 | ||
| Q4 24 | $0.05 | $1.16 | ||
| Q3 24 | $0.31 | $1.09 | ||
| Q2 24 | $-0.29 | $0.91 |
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 | $247.0M | $1.4B |
| 总债务越低越好 | $3.9B | $2.2B |
| 股东权益账面价值 | $4.6B | $2.7B |
| 总资产 | $11.2B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资AMTMSANM
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $1.4B | ||
| Q3 25 | — | $926.3M | ||
| Q2 25 | $738.0M | $797.9M | ||
| Q1 25 | $546.0M | $647.1M | ||
| Q4 24 | $522.0M | $642.4M | ||
| Q3 24 | $452.0M | $625.9M | ||
| Q2 24 | — | $657.7M |
总债务AMTMSANM
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | — | $300.5M | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | — | — |
股东权益AMTMSANM
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.5B | $2.4B | ||
| Q2 24 | $303.0M | $2.3B |
总资产AMTMSANM
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $9.8B | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | $11.8B | $5.2B | ||
| Q1 25 | $12.0B | $5.0B | ||
| Q4 24 | $11.9B | $4.8B | ||
| Q3 24 | $12.0B | $4.8B | ||
| Q2 24 | — | $4.7B |
负债/权益比AMTMSANM
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 0.82× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | — | — |
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 | $-136.0M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $91.9M |
| 自由现金流率自由现金流/营收 | -4.4% | 2.9% |
| 资本支出强度资本支出/营收 | 0.2% | 2.7% |
| 现金转化率经营现金流/净利润 | -3.09× | 3.63× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $518.3M |
8季度趋势，按日历期对齐
经营现金流AMTMSANM
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $178.7M | ||
| Q3 25 | — | $199.1M | ||
| Q2 25 | $106.0M | $200.8M | ||
| Q1 25 | $57.0M | $156.9M | ||
| Q4 24 | $110.0M | $63.9M | ||
| Q3 24 | — | $51.9M | ||
| Q2 24 | — | $90.0M |
自由现金流AMTMSANM
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $91.9M | ||
| Q3 25 | — | $136.6M | ||
| Q2 25 | $100.0M | $163.7M | ||
| Q1 25 | $53.0M | $126.1M | ||
| Q4 24 | $102.0M | $46.9M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | — | $67.2M |
自由现金流率AMTMSANM
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 2.9% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 2.8% | 8.0% | ||
| Q1 25 | 1.5% | 6.4% | ||
| Q4 24 | 3.0% | 2.3% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% |
资本支出强度AMTMSANM
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 2.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | 0.2% | 1.8% | ||
| Q1 25 | 0.1% | 1.5% | ||
| Q4 24 | 0.2% | 0.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.2% |
现金转化率AMTMSANM
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 3.63× | ||
| Q3 25 | — | 4.14× | ||
| Q2 25 | 10.60× | 2.93× | ||
| Q1 25 | 14.25× | 2.44× | ||
| Q4 24 | 9.17× | 0.98× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.74× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
