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ATI INC（ATI）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是ATI INC的1.6倍（$1.9B vs $1.2B），ATI INC净利率更高（8.2% vs 0.1%，领先8.1%），芝商所同比增速更快（14.5% vs 0.4%），过去两年芝商所的营收复合增速更高（10.8% vs 6.2%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
ATI vs CME — 直观对比
营收规模更大
CME
是对方的1.6倍
$1.2B
营收增速更快
CME
高出14.1%
0.4%
净利率更高
ATI
高出8.1%
0.1%
两年增速更快
CME
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $96.6M | $1.2M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 14.5% | 0.1% |
| 净利率 | 8.2% | 0.1% |
| 营收同比 | 0.4% | 14.5% |
| 净利润同比 | -29.5% | 20.7% |
| 每股收益（稀释后） | $0.70 | — |
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ATICME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B |
净利润ATICME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $96.6M | $1.2B | ||
| Q3 25 | $110.0M | $908.0M | ||
| Q2 25 | $100.7M | $1.0B | ||
| Q1 25 | $97.0M | $956.2M | ||
| Q4 24 | $137.1M | $874.6M | ||
| Q3 24 | $82.7M | $912.8M | ||
| Q2 24 | $81.9M | $883.2M |
毛利率ATICME
| Q1 26 | — | — | ||
| Q4 25 | 23.2% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 20.8% | — |
营业利润率ATICME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 14.5% | 61.8% | ||
| Q3 25 | 14.4% | 63.3% | ||
| Q2 25 | 14.1% | 66.7% | ||
| Q1 25 | 12.8% | 67.5% | ||
| Q4 24 | 17.8% | 62.1% | ||
| Q3 24 | 13.5% | 64.6% | ||
| Q2 24 | 13.0% | 65.3% |
净利率ATICME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 8.2% | 71.7% | ||
| Q3 25 | 9.8% | 59.1% | ||
| Q2 25 | 8.8% | 60.6% | ||
| Q1 25 | 8.5% | 58.2% | ||
| Q4 24 | 11.7% | 57.3% | ||
| Q3 24 | 7.9% | 57.6% | ||
| Q2 24 | 7.5% | 57.6% |
每股收益（稀释后）ATICME
| Q1 26 | — | — | ||
| Q4 25 | $0.70 | $3.24 | ||
| Q3 25 | $0.78 | $2.49 | ||
| Q2 25 | $0.70 | $2.81 | ||
| Q1 25 | $0.67 | $2.62 | ||
| Q4 24 | $0.94 | $2.40 | ||
| Q3 24 | $0.57 | $2.50 | ||
| Q2 24 | $0.58 | $2.42 |
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 | $416.7M | $2.4B |
| 总债务越低越好 | $1.7B | $3.4B |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $5.1B | $202.0B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ATICME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $416.7M | $4.5B | ||
| Q3 25 | $372.2M | $2.6B | ||
| Q2 25 | $319.6M | $2.1B | ||
| Q1 25 | $475.8M | $1.5B | ||
| Q4 24 | $721.2M | $3.0B | ||
| Q3 24 | $406.6M | $2.4B | ||
| Q2 24 | $425.6M | $1.9B |
总债务ATICME
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
股东权益ATICME
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $28.7B | ||
| Q3 25 | $1.7B | $28.2B | ||
| Q2 25 | $1.7B | $27.7B | ||
| Q1 25 | $1.9B | $27.0B | ||
| Q4 24 | $1.9B | $26.5B | ||
| Q3 24 | $1.8B | $28.2B | ||
| Q2 24 | $1.4B | $27.6B |
总资产ATICME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $5.1B | $198.4B | ||
| Q3 25 | $5.0B | $187.1B | ||
| Q2 25 | $5.0B | $179.9B | ||
| Q1 25 | $5.2B | $157.8B | ||
| Q4 24 | $5.2B | $137.4B | ||
| Q3 24 | $5.1B | $137.8B | ||
| Q2 24 | $4.9B | $123.4B |
负债/权益比ATICME
| Q1 26 | — | — | ||
| Q4 25 | 0.95× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 1.37× | — |
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 | $315.8M | — |
| 自由现金流经营现金流 - 资本支出 | $223.1M | — |
| 自由现金流率自由现金流/营收 | 19.0% | — |
| 资本支出强度资本支出/营收 | 7.9% | — |
| 现金转化率经营现金流/净利润 | 3.27× | — |
| 过去12个月自由现金流最近4个季度 | $333.7M | — |
8季度趋势，按日历期对齐
经营现金流ATICME
| Q1 26 | — | — | ||
| Q4 25 | $315.8M | $1.1B | ||
| Q3 25 | $229.5M | $968.1M | ||
| Q2 25 | $161.5M | $1.1B | ||
| Q1 25 | $-92.5M | $1.1B | ||
| Q4 24 | $380.9M | $1.0B | ||
| Q3 24 | $24.0M | $1.0B | ||
| Q2 24 | $101.1M | $776.9M |
自由现金流ATICME
| Q1 26 | — | — | ||
| Q4 25 | $223.1M | $1.1B | ||
| Q3 25 | $167.0M | $949.7M | ||
| Q2 25 | $89.4M | $1.0B | ||
| Q1 25 | $-145.8M | $1.1B | ||
| Q4 24 | $333.6M | $991.7M | ||
| Q3 24 | $-41.8M | $973.2M | ||
| Q2 24 | $40.9M | $758.7M |
自由现金流率ATICME
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 66.8% | ||
| Q3 25 | 14.8% | 61.8% | ||
| Q2 25 | 7.8% | 61.5% | ||
| Q1 25 | -12.7% | 67.1% | ||
| Q4 24 | 28.4% | 65.0% | ||
| Q3 24 | -4.0% | 61.4% | ||
| Q2 24 | 3.7% | 49.5% |
资本支出强度ATICME
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 2.0% | ||
| Q3 25 | 5.6% | 1.2% | ||
| Q2 25 | 6.3% | 1.1% | ||
| Q1 25 | 4.7% | 0.9% | ||
| Q4 24 | 4.0% | 1.7% | ||
| Q3 24 | 6.3% | 1.9% | ||
| Q2 24 | 5.5% | 1.2% |
现金转化率ATICME
| Q1 26 | — | — | ||
| Q4 25 | 3.27× | 0.96× | ||
| Q3 25 | 2.09× | 1.07× | ||
| Q2 25 | 1.60× | 1.03× | ||
| Q1 25 | -0.95× | 1.17× | ||
| Q4 24 | 2.78× | 1.16× | ||
| Q3 24 | 0.29× | 1.10× | ||
| Q2 24 | 1.23× | 0.88× |
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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
CME
暂无分部数据
