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安费诺（APH）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的23.7倍（$6.4B vs $271.6M），安费诺净利率更高（18.6% vs 18.0%，领先0.6%），安费诺同比增速更快（49.1% vs 24.5%），安费诺自由现金流更多（$1.5B vs $30.0M），过去两年安费诺的营收复合增速更高（40.6% vs 22.4%）
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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
APH vs MTSI — 直观对比
营收规模更大
APH
是对方的23.7倍
$271.6M
营收增速更快
APH
高出24.6%
24.5%
净利率更高
APH
高出0.6%
18.0%
自由现金流更多
APH
多$1.4B
$30.0M
两年增速更快
APH
近两年复合增速
22.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $271.6M |
| 净利润 | $1.2B | $48.8M |
| 毛利率 | 38.2% | 55.9% |
| 营业利润率 | 26.8% | 15.9% |
| 净利率 | 18.6% | 18.0% |
| 营收同比 | 49.1% | 24.5% |
| 净利润同比 | 60.2% | 129.1% |
| 每股收益（稀释后） | $0.93 | $0.64 |
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APHMTSI
| Q1 26 | — | $271.6M | ||
| Q4 25 | $6.4B | $261.2M | ||
| Q3 25 | $6.2B | $252.1M | ||
| Q2 25 | $5.7B | $235.9M | ||
| Q1 25 | $4.8B | $218.1M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | $200.7M | ||
| Q2 24 | $3.6B | $190.5M |
净利润APHMTSI
| Q1 26 | — | $48.8M | ||
| Q4 25 | $1.2B | $45.1M | ||
| Q3 25 | $1.2B | $36.5M | ||
| Q2 25 | $1.1B | $31.7M | ||
| Q1 25 | $737.8M | $-167.5M | ||
| Q4 24 | $746.1M | — | ||
| Q3 24 | $604.4M | $29.4M | ||
| Q2 24 | $524.8M | $19.9M |
毛利率APHMTSI
| Q1 26 | — | 55.9% | ||
| Q4 25 | 38.2% | 54.5% | ||
| Q3 25 | 38.1% | 55.3% | ||
| Q2 25 | 36.3% | 55.2% | ||
| Q1 25 | 34.2% | 53.7% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | 54.7% | ||
| Q2 24 | 33.6% | 53.2% |
营业利润率APHMTSI
| Q1 26 | — | 15.9% | ||
| Q4 25 | 26.8% | 15.2% | ||
| Q3 25 | 27.5% | 14.9% | ||
| Q2 25 | 25.1% | 14.8% | ||
| Q1 25 | 21.3% | 8.0% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | 13.7% | ||
| Q2 24 | 19.4% | 10.4% |
净利率APHMTSI
| Q1 26 | — | 18.0% | ||
| Q4 25 | 18.6% | 17.3% | ||
| Q3 25 | 20.1% | 14.5% | ||
| Q2 25 | 19.3% | 13.4% | ||
| Q1 25 | 15.3% | -76.8% | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.0% | 14.7% | ||
| Q2 24 | 14.5% | 10.5% |
每股收益（稀释后）APHMTSI
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.93 | $0.67 | ||
| Q3 25 | $0.97 | $0.48 | ||
| Q2 25 | $0.86 | $0.42 | ||
| Q1 25 | $0.58 | $-2.30 | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | $0.40 | ||
| Q2 24 | $0.41 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $1.4B |
| 总资产 | $36.2B | $2.1B |
| 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APHMTSI
| Q1 26 | — | $768.5M | ||
| Q4 25 | $11.4B | $786.0M | ||
| Q3 25 | $3.9B | $735.2M | ||
| Q2 25 | $3.2B | $681.5M | ||
| Q1 25 | $1.7B | $656.5M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | $581.9M | ||
| Q2 24 | $1.3B | $521.5M |
总债务APHMTSI
| Q1 26 | — | — | ||
| 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 | — |
股东权益APHMTSI
| Q1 26 | — | $1.4B | ||
| Q4 25 | $13.4B | $1.3B | ||
| Q3 25 | $12.5B | $1.3B | ||
| Q2 25 | $11.5B | $1.2B | ||
| Q1 25 | $10.3B | $1.2B | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.5B | $1.1B | ||
| Q2 24 | $9.0B | $1.1B |
总资产APHMTSI
| Q1 26 | — | $2.1B | ||
| Q4 25 | $36.2B | $2.1B | ||
| Q3 25 | $27.1B | $2.0B | ||
| Q2 25 | $25.7B | $1.9B | ||
| Q1 25 | $22.9B | $1.8B | ||
| Q4 24 | $21.4B | — | ||
| Q3 24 | $19.6B | $1.8B | ||
| Q2 24 | $18.6B | $1.7B |
负债/权益比APHMTSI
| Q1 26 | — | — | ||
| 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× | — |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $30.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 11.0% |
| 资本支出强度资本支出/营收 | 3.9% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.44× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $161.5M |
8季度趋势，按日历期对齐
经营现金流APHMTSI
| Q1 26 | — | $42.9M | ||
| Q4 25 | $1.7B | $69.6M | ||
| Q3 25 | $1.5B | $60.4M | ||
| Q2 25 | $1.4B | $38.7M | ||
| Q1 25 | $764.9M | $66.7M | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | $62.3M | ||
| Q2 24 | $664.1M | $49.0M |
自由现金流APHMTSI
| Q1 26 | — | $30.0M | ||
| Q4 25 | $1.5B | $49.4M | ||
| Q3 25 | $1.2B | $51.6M | ||
| Q2 25 | $1.1B | $30.5M | ||
| Q1 25 | $576.3M | $61.3M | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | $57.1M | ||
| Q2 24 | $522.8M | $41.5M |
自由现金流率APHMTSI
| Q1 26 | — | 11.0% | ||
| Q4 25 | 22.8% | 18.9% | ||
| Q3 25 | 19.6% | 20.5% | ||
| Q2 25 | 19.8% | 12.9% | ||
| Q1 25 | 12.0% | 28.1% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | 28.5% | ||
| Q2 24 | 14.5% | 21.8% |
资本支出强度APHMTSI
| Q1 26 | — | 4.8% | ||
| Q4 25 | 3.9% | 7.7% | ||
| Q3 25 | 4.2% | 3.5% | ||
| Q2 25 | 5.3% | 3.5% | ||
| Q1 25 | 3.9% | 2.4% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | 2.6% | ||
| Q2 24 | 3.9% | 3.9% |
现金转化率APHMTSI
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.44× | 1.54× | ||
| Q3 25 | 1.18× | 1.65× | ||
| Q2 25 | 1.30× | 1.22× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | 2.12× | ||
| Q2 24 | 1.27× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
