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APOGEE ENTERPRISES, INC.（APOG）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
APOGEE ENTERPRISES, INC.的季度营收约是MACOM Technology Solutions Holdings, Inc.的1.3倍（$351.4M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 4.7%，领先13.2%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 1.6%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs MTSI — 直观对比
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $271.6M |
| 净利润 | $16.6M | $48.8M |
| 毛利率 | 22.4% | 55.9% |
| 营业利润率 | 7.3% | 15.9% |
| 净利率 | 4.7% | 18.0% |
| 营收同比 | 1.6% | 24.5% |
| 净利润同比 | 568.8% | 129.1% |
| 每股收益（稀释后） | $0.78 | $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
| Q1 26 | $351.4M | $271.6M | ||
| Q4 25 | $348.6M | $261.2M | ||
| Q3 25 | $358.2M | $252.1M | ||
| Q2 25 | $346.6M | $235.9M | ||
| Q1 25 | $345.7M | $218.1M | ||
| Q4 24 | $341.3M | — | ||
| Q3 24 | $342.4M | $200.7M | ||
| Q2 24 | $331.5M | $190.5M |
| Q1 26 | $16.6M | $48.8M | ||
| Q4 25 | $16.5M | $45.1M | ||
| Q3 25 | $23.6M | $36.5M | ||
| Q2 25 | $-2.7M | $31.7M | ||
| Q1 25 | $2.5M | $-167.5M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $29.4M | ||
| Q2 24 | $31.0M | $19.9M |
| Q1 26 | 22.4% | 55.9% | ||
| Q4 25 | 23.8% | 54.5% | ||
| Q3 25 | 23.1% | 55.3% | ||
| Q2 25 | 21.7% | 55.2% | ||
| Q1 25 | 21.6% | 53.7% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | 54.7% | ||
| Q2 24 | 29.8% | 53.2% |
| Q1 26 | 7.3% | 15.9% | ||
| Q4 25 | 7.1% | 15.2% | ||
| Q3 25 | 7.5% | 14.9% | ||
| Q2 25 | 2.0% | 14.8% | ||
| Q1 25 | 1.8% | 8.0% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | 13.7% | ||
| Q2 24 | 12.5% | 10.4% |
| Q1 26 | 4.7% | 18.0% | ||
| Q4 25 | 4.7% | 17.3% | ||
| Q3 25 | 6.6% | 14.5% | ||
| Q2 25 | -0.8% | 13.4% | ||
| Q1 25 | 0.7% | -76.8% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | 14.7% | ||
| Q2 24 | 9.4% | 10.5% |
| Q1 26 | $0.78 | $0.64 | ||
| Q4 25 | $0.77 | $0.67 | ||
| Q3 25 | $1.10 | $0.48 | ||
| Q2 25 | $-0.13 | $0.42 | ||
| Q1 25 | $0.12 | $-2.30 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | $0.40 | ||
| Q2 24 | $1.41 | $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 | $39.5M | $768.5M |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $1.4B |
| 总资产 | $1.1B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
| Q1 26 | $39.5M | $768.5M | ||
| Q4 25 | $41.3M | $786.0M | ||
| Q3 25 | $39.5M | $735.2M | ||
| Q2 25 | $32.8M | $681.5M | ||
| Q1 25 | $41.4M | $656.5M | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | $581.9M | ||
| Q2 24 | $30.4M | $521.5M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $1.4B | ||
| Q4 25 | $512.3M | $1.3B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $1.2B | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | — | ||
| Q3 24 | $506.4M | $1.1B | ||
| Q2 24 | $480.0M | $1.1B |
| Q1 26 | $1.1B | $2.1B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $917.1M | $1.8B | ||
| Q2 24 | $889.0M | $1.7B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $122.5M | $42.9M |
| 自由现金流经营现金流 - 资本支出 | — | $30.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | 7.8% | 4.8% |
| 现金转化率经营现金流/净利润 | 7.37× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | $122.5M | $42.9M | ||
| Q4 25 | $29.3M | $69.6M | ||
| Q3 25 | $57.1M | $60.4M | ||
| Q2 25 | $-19.8M | $38.7M | ||
| Q1 25 | $30.0M | $66.7M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $58.7M | $62.3M | ||
| Q2 24 | $5.5M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $22.9M | $49.4M | ||
| Q3 25 | $52.4M | $51.6M | ||
| Q2 25 | $-26.9M | $30.5M | ||
| Q1 25 | $19.1M | $61.3M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | $57.1M | ||
| Q2 24 | $-1.8M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 6.6% | 18.9% | ||
| Q3 25 | 14.6% | 20.5% | ||
| Q2 25 | -7.8% | 12.9% | ||
| Q1 25 | 5.5% | 28.1% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | 28.5% | ||
| Q2 24 | -0.5% | 21.8% |
| Q1 26 | 7.8% | 4.8% | ||
| Q4 25 | 1.9% | 7.7% | ||
| Q3 25 | 1.3% | 3.5% | ||
| Q2 25 | 2.1% | 3.5% | ||
| Q1 25 | 3.2% | 2.4% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 2.6% | ||
| Q2 24 | 2.2% | 3.9% |
| Q1 26 | 7.37× | 0.88× | ||
| Q4 25 | 1.77× | 1.54× | ||
| Q3 25 | 2.41× | 1.65× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 2.12× | ||
| Q2 24 | 0.18× | 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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
