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安费诺（APH）与MERCURY SYSTEMS INC（MRCY）财务数据对比。点击上方公司名可切换其他公司
安费诺的季度营收约是MERCURY SYSTEMS INC的27.7倍（$6.4B vs $232.9M）。安费诺净利率更高（18.6% vs -6.5%，领先25.0%）。安费诺同比增速更快（49.1% vs 4.4%）。安费诺自由现金流更多（$1.5B vs $45.7M）。过去两年安费诺的营收复合增速更高（40.6% vs 5.7%）
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
APH vs MRCY — 直观对比
营收规模更大
APH
是对方的27.7倍
$232.9M
营收增速更快
APH
高出44.8%
4.4%
净利率更高
APH
高出25.0%
-6.5%
自由现金流更多
APH
多$1.4B
$45.7M
两年增速更快
APH
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $232.9M |
| 净利润 | $1.2B | $-15.1M |
| 毛利率 | 38.2% | 26.0% |
| 营业利润率 | 26.8% | -4.6% |
| 净利率 | 18.6% | -6.5% |
| 营收同比 | 49.1% | 4.4% |
| 净利润同比 | 60.2% | 14.1% |
| 每股收益（稀释后） | $0.93 | $-0.26 |
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APHMRCY
| Q4 25 | $6.4B | $232.9M | ||
| Q3 25 | $6.2B | $225.2M | ||
| Q2 25 | $5.7B | $273.1M | ||
| Q1 25 | $4.8B | $211.4M | ||
| Q4 24 | $4.3B | $223.1M | ||
| Q3 24 | $4.0B | $204.4M | ||
| Q2 24 | $3.6B | $248.6M | ||
| Q1 24 | $3.3B | $208.3M |
净利润APHMRCY
| Q4 25 | $1.2B | $-15.1M | ||
| Q3 25 | $1.2B | $-12.5M | ||
| Q2 25 | $1.1B | $16.4M | ||
| Q1 25 | $737.8M | $-19.2M | ||
| Q4 24 | $746.1M | $-17.6M | ||
| Q3 24 | $604.4M | $-17.5M | ||
| Q2 24 | $524.8M | $-10.8M | ||
| Q1 24 | $548.7M | $-44.6M |
毛利率APHMRCY
| Q4 25 | 38.2% | 26.0% | ||
| Q3 25 | 38.1% | 27.9% | ||
| Q2 25 | 36.3% | 31.0% | ||
| Q1 25 | 34.2% | 27.0% | ||
| Q4 24 | 34.3% | 27.3% | ||
| Q3 24 | 33.6% | 25.3% | ||
| Q2 24 | 33.6% | 29.5% | ||
| Q1 24 | 33.4% | 19.5% |
营业利润率APHMRCY
| Q4 25 | 26.8% | -4.6% | ||
| Q3 25 | 27.5% | -3.8% | ||
| Q2 25 | 25.1% | 8.6% | ||
| Q1 25 | 21.3% | -8.2% | ||
| Q4 24 | 22.1% | -5.6% | ||
| Q3 24 | 20.3% | -6.6% | ||
| Q2 24 | 19.4% | -3.2% | ||
| Q1 24 | 21.0% | -21.9% |
净利率APHMRCY
| Q4 25 | 18.6% | -6.5% | ||
| Q3 25 | 20.1% | -5.6% | ||
| Q2 25 | 19.3% | 6.0% | ||
| Q1 25 | 15.3% | -9.1% | ||
| Q4 24 | 17.3% | -7.9% | ||
| Q3 24 | 15.0% | -8.6% | ||
| Q2 24 | 14.5% | -4.3% | ||
| Q1 24 | 16.9% | -21.4% |
每股收益（稀释后）APHMRCY
| Q4 25 | $0.93 | $-0.26 | ||
| Q3 25 | $0.97 | $-0.21 | ||
| Q2 25 | $0.86 | $0.28 | ||
| Q1 25 | $0.58 | $-0.33 | ||
| Q4 24 | $0.16 | $-0.30 | ||
| Q3 24 | $0.48 | $-0.30 | ||
| Q2 24 | $0.41 | $-0.18 | ||
| Q1 24 | $0.87 | $-0.77 |
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 | $11.4B | $335.0M |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $1.5B |
| 总资产 | $36.2B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.09× | — |
8季度趋势，按日历期对齐
现金及短期投资APHMRCY
| Q4 25 | $11.4B | $335.0M | ||
| Q3 25 | $3.9B | $304.7M | ||
| Q2 25 | $3.2B | $309.1M | ||
| Q1 25 | $1.7B | $269.8M | ||
| Q4 24 | $3.3B | $242.6M | ||
| Q3 24 | $1.6B | $158.1M | ||
| Q2 24 | $1.3B | $180.5M | ||
| Q1 24 | $2.0B | $142.6M |
总债务APHMRCY
| Q4 25 | $14.6B | — | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $3.6B | — |
股东权益APHMRCY
| Q4 25 | $13.4B | $1.5B | ||
| Q3 25 | $12.5B | $1.5B | ||
| Q2 25 | $11.5B | $1.5B | ||
| Q1 25 | $10.3B | $1.5B | ||
| Q4 24 | $9.8B | $1.5B | ||
| Q3 24 | $9.5B | $1.5B | ||
| Q2 24 | $9.0B | $1.5B | ||
| Q1 24 | $8.7B | $1.5B |
总资产APHMRCY
| Q4 25 | $36.2B | $2.5B | ||
| Q3 25 | $27.1B | $2.5B | ||
| Q2 25 | $25.7B | $2.4B | ||
| Q1 25 | $22.9B | $2.4B | ||
| Q4 24 | $21.4B | $2.4B | ||
| Q3 24 | $19.6B | $2.4B | ||
| Q2 24 | $18.6B | $2.4B | ||
| Q1 24 | $16.7B | $2.4B |
负债/权益比APHMRCY
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.41× | — |
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 | $1.7B | $51.6M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $45.7M |
| 自由现金流率自由现金流/营收 | 22.8% | 19.6% |
| 资本支出强度资本支出/营收 | 3.9% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $4.4B | $99.4M |
8季度趋势，按日历期对齐
经营现金流APHMRCY
| Q4 25 | $1.7B | $51.6M | ||
| Q3 25 | $1.5B | $2.2M | ||
| Q2 25 | $1.4B | $38.1M | ||
| Q1 25 | $764.9M | $30.0M | ||
| Q4 24 | $847.1M | $85.5M | ||
| Q3 24 | $704.0M | $-14.7M | ||
| Q2 24 | $664.1M | $71.8M | ||
| Q1 24 | $599.5M | $-17.8M |
自由现金流APHMRCY
| Q4 25 | $1.5B | $45.7M | ||
| Q3 25 | $1.2B | $-4.4M | ||
| Q2 25 | $1.1B | $34.0M | ||
| Q1 25 | $576.3M | $24.1M | ||
| Q4 24 | $647.3M | $81.9M | ||
| Q3 24 | $474.0M | $-20.9M | ||
| Q2 24 | $522.8M | $61.4M | ||
| Q1 24 | $505.2M | $-25.7M |
自由现金流率APHMRCY
| Q4 25 | 22.8% | 19.6% | ||
| Q3 25 | 19.6% | -1.9% | ||
| Q2 25 | 19.8% | 12.4% | ||
| Q1 25 | 12.0% | 11.4% | ||
| Q4 24 | 15.0% | 36.7% | ||
| Q3 24 | 11.7% | -10.2% | ||
| Q2 24 | 14.5% | 24.7% | ||
| Q1 24 | 15.5% | -12.4% |
资本支出强度APHMRCY
| Q4 25 | 3.9% | 2.5% | ||
| Q3 25 | 4.2% | 2.9% | ||
| Q2 25 | 5.3% | 1.5% | ||
| Q1 25 | 3.9% | 2.8% | ||
| Q4 24 | 4.6% | 1.6% | ||
| Q3 24 | 5.7% | 3.1% | ||
| Q2 24 | 3.9% | 4.2% | ||
| Q1 24 | 2.9% | 3.8% |
现金转化率APHMRCY
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 1.30× | 2.33× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 1.09× | — |
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
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
