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树莓派（ARM）与莱迪思半导体（LSCC）财务数据对比。点击上方公司名可切换其他公司
树莓派的季度营收约是莱迪思半导体的8.5倍（$1.2B vs $145.8M）。树莓派净利率更高（18.0% vs -5.2%，领先23.2%）。树莓派同比增速更快（26.3% vs 24.2%）。树莓派自由现金流更多（$186.0M vs $44.0M）。过去两年树莓派的营收复合增速更高（24.1% vs 1.8%）
树莓派是英国科技企业，设计并销售同名品牌的单板计算机、半导体及相关配件。初代产品由树莓派基金会研发，旨在推广计算机科学教育，推出后迅速受到爱好者和专业人士欢迎，目前已广泛应用于工业及嵌入式领域。
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
ARM vs LSCC — 直观对比
营收规模更大
ARM
是对方的8.5倍
$145.8M
营收增速更快
ARM
高出2.2%
24.2%
净利率更高
ARM
高出23.2%
-5.2%
自由现金流更多
ARM
多$142.0M
$44.0M
两年增速更快
ARM
近两年复合增速
1.8%
损益表 — Q3 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $145.8M |
| 净利润 | $223.0M | $-7.6M |
| 毛利率 | 97.6% | 68.5% |
| 营业利润率 | 14.9% | 0.7% |
| 净利率 | 18.0% | -5.2% |
| 营收同比 | 26.3% | 24.2% |
| 净利润同比 | -11.5% | -146.3% |
| 每股收益（稀释后） | $0.21 | $-0.06 |
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ARMLSCC
| Q1 26 | — | $145.8M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $133.3M | ||
| Q2 25 | $1.1B | $124.0M | ||
| Q1 25 | — | $120.2M | ||
| Q4 24 | $983.0M | $117.4M | ||
| Q3 24 | $844.0M | $127.1M | ||
| Q2 24 | $939.0M | $124.1M |
净利润ARMLSCC
| Q1 26 | — | $-7.6M | ||
| Q4 25 | $223.0M | — | ||
| Q3 25 | $238.0M | $2.8M | ||
| Q2 25 | $130.0M | $2.9M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $252.0M | $16.5M | ||
| Q3 24 | $107.0M | $7.2M | ||
| Q2 24 | $223.0M | $22.6M |
毛利率ARMLSCC
| Q1 26 | — | 68.5% | ||
| Q4 25 | 97.6% | — | ||
| Q3 25 | 97.4% | 67.9% | ||
| Q2 25 | 97.2% | 68.4% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | 97.2% | 61.1% | ||
| Q3 24 | 96.2% | 69.0% | ||
| Q2 24 | 96.5% | 68.3% |
营业利润率ARMLSCC
| Q1 26 | — | 0.7% | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 14.4% | -1.2% | ||
| Q2 25 | 10.8% | 3.8% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | 17.8% | -10.4% | ||
| Q3 24 | 7.6% | 5.9% | ||
| Q2 24 | 19.4% | 18.2% |
净利率ARMLSCC
| Q1 26 | — | -5.2% | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 21.0% | 2.1% | ||
| Q2 25 | 12.3% | 2.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 25.6% | 14.1% | ||
| Q3 24 | 12.7% | 5.7% | ||
| Q2 24 | 23.7% | 18.2% |
每股收益（稀释后）ARMLSCC
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.21 | — | ||
| Q3 25 | $0.22 | $0.02 | ||
| Q2 25 | $0.12 | $0.02 | ||
| Q1 25 | — | $0.04 | ||
| Q4 24 | $0.24 | $0.12 | ||
| Q3 24 | $0.10 | $0.05 | ||
| Q2 24 | $0.21 | $0.16 |
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 | $3.5B | $133.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8B | $714.1M |
| 总资产 | $10.2B | $883.1M |
| 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ARMLSCC
| Q1 26 | — | $133.9M | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | $117.9M | ||
| Q2 25 | $2.9B | $107.2M | ||
| Q1 25 | — | $127.6M | ||
| Q4 24 | $2.7B | $136.3M | ||
| Q3 24 | $2.4B | $124.3M | ||
| Q2 24 | $2.5B | $109.2M |
股东权益ARMLSCC
| Q1 26 | — | $714.1M | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.4B | $706.4M | ||
| Q2 25 | $7.0B | $687.0M | ||
| Q1 25 | — | $707.9M | ||
| Q4 24 | $6.4B | $710.9M | ||
| Q3 24 | $6.0B | $703.5M | ||
| Q2 24 | $5.7B | $698.8M |
总资产ARMLSCC
| Q1 26 | — | $883.1M | ||
| Q4 25 | $10.2B | — | ||
| Q3 25 | $9.7B | $844.4M | ||
| Q2 25 | $9.4B | $808.6M | ||
| Q1 25 | — | $823.6M | ||
| Q4 24 | $8.5B | $843.9M | ||
| Q3 24 | $8.1B | $853.7M | ||
| Q2 24 | $7.9B | $827.5M |
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 | $365.0M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $186.0M | $44.0M |
| 自由现金流率自由现金流/营收 | 15.0% | 30.2% |
| 资本支出强度资本支出/营收 | 14.4% | 9.3% |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $132.6M |
8季度趋势，按日历期对齐
经营现金流ARMLSCC
| Q1 26 | — | $57.6M | ||
| Q4 25 | $365.0M | — | ||
| Q3 25 | $567.0M | $47.1M | ||
| Q2 25 | $332.0M | $38.5M | ||
| Q1 25 | — | $31.9M | ||
| Q4 24 | $423.0M | $45.4M | ||
| Q3 24 | $6.0M | $44.0M | ||
| Q2 24 | $-290.0M | $21.9M |
自由现金流ARMLSCC
| Q1 26 | — | $44.0M | ||
| Q4 25 | $186.0M | — | ||
| Q3 25 | $429.0M | $34.0M | ||
| Q2 25 | $178.0M | $31.3M | ||
| Q1 25 | — | $23.3M | ||
| Q4 24 | $360.0M | $39.7M | ||
| Q3 24 | $-47.0M | $39.4M | ||
| Q2 24 | $-319.0M | $14.8M |
自由现金流率ARMLSCC
| Q1 26 | — | 30.2% | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 37.8% | 25.5% | ||
| Q2 25 | 16.9% | 25.2% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | 36.6% | 33.8% | ||
| Q3 24 | -5.6% | 31.0% | ||
| Q2 24 | -34.0% | 11.9% |
资本支出强度ARMLSCC
| Q1 26 | — | 9.3% | ||
| Q4 25 | 14.4% | — | ||
| Q3 25 | 12.2% | 9.8% | ||
| Q2 25 | 14.6% | 5.8% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 6.4% | 4.9% | ||
| Q3 24 | 6.3% | 3.7% | ||
| Q2 24 | 3.1% | 5.8% |
现金转化率ARMLSCC
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | 2.38× | 16.86× | ||
| Q2 25 | 2.55× | 13.23× | ||
| Q1 25 | — | 6.35× | ||
| Q4 24 | 1.68× | 2.75× | ||
| Q3 24 | 0.06× | 6.12× | ||
| Q2 24 | -1.30× | 0.97× |
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
ARM
| Royalty | $737.0M | 59% |
| Transferred Over Time | $294.0M | 24% |
| Transferred At Point In Time | $211.0M | 17% |
LSCC
暂无分部数据
