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ATI INC（ATI）与简柏特（G）财务数据对比。点击上方公司名可切换其他公司
简柏特的季度营收约是ATI INC的1.1倍（$1.3B vs $1.2B），简柏特净利率更高（10.8% vs 8.2%，领先2.6%），简柏特同比增速更快（5.6% vs 0.4%），简柏特自由现金流更多（$269.0M vs $223.1M），过去两年简柏特的营收复合增速更高（8.0% 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。
简柏特是全球领先的信息技术服务、咨询及外包提供商，总部位于美国纽约，最初成立于印度古尔冈，法定注册地为百慕大。集团现有员工超12.5万名，服务覆盖全球30多个国家，于纽交所上市，2023年总营收达44.8亿美元。
ATI vs G — 直观对比
营收规模更大
G
是对方的1.1倍
$1.2B
营收增速更快
G
高出5.3%
0.4%
净利率更高
G
高出2.6%
8.2%
自由现金流更多
G
多$45.9M
$223.1M
两年增速更快
G
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $96.6M | $143.1M |
| 毛利率 | 23.2% | 36.6% |
| 营业利润率 | 14.5% | 14.8% |
| 净利率 | 8.2% | 10.8% |
| 营收同比 | 0.4% | 5.6% |
| 净利润同比 | -29.5% | 0.8% |
| 每股收益（稀释后） | $0.70 | $0.82 |
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ATIG
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.1B |
净利润ATIG
| Q4 25 | $96.6M | $143.1M | ||
| Q3 25 | $110.0M | $145.8M | ||
| Q2 25 | $100.7M | $132.7M | ||
| Q1 25 | $97.0M | $130.9M | ||
| Q4 24 | $137.1M | $141.9M | ||
| Q3 24 | $82.7M | $132.8M | ||
| Q2 24 | $81.9M | $122.0M | ||
| Q1 24 | $66.1M | $116.9M |
毛利率ATIG
| Q4 25 | 23.2% | 36.6% | ||
| Q3 25 | 22.7% | 36.4% | ||
| Q2 25 | 21.3% | 35.9% | ||
| Q1 25 | 20.6% | 35.3% | ||
| Q4 24 | 21.2% | 35.7% | ||
| Q3 24 | 21.4% | 35.6% | ||
| Q2 24 | 20.8% | 35.4% | ||
| Q1 24 | 18.9% | 35.0% |
营业利润率ATIG
| Q4 25 | 14.5% | 14.8% | ||
| Q3 25 | 14.4% | 14.8% | ||
| Q2 25 | 14.1% | 14.3% | ||
| Q1 25 | 12.8% | 15.1% | ||
| Q4 24 | 17.8% | 15.2% | ||
| Q3 24 | 13.5% | 15.0% | ||
| Q2 24 | 13.0% | 14.5% | ||
| Q1 24 | 11.0% | 14.1% |
净利率ATIG
| Q4 25 | 8.2% | 10.8% | ||
| Q3 25 | 9.8% | 11.3% | ||
| Q2 25 | 8.8% | 10.6% | ||
| Q1 25 | 8.5% | 10.8% | ||
| Q4 24 | 11.7% | 11.4% | ||
| Q3 24 | 7.9% | 11.0% | ||
| Q2 24 | 7.5% | 10.4% | ||
| Q1 24 | 6.3% | 10.3% |
每股收益（稀释后）ATIG
| Q4 25 | $0.70 | $0.82 | ||
| Q3 25 | $0.78 | $0.83 | ||
| Q2 25 | $0.70 | $0.75 | ||
| Q1 25 | $0.67 | $0.73 | ||
| Q4 24 | $0.94 | $0.80 | ||
| Q3 24 | $0.57 | $0.74 | ||
| Q2 24 | $0.58 | $0.67 | ||
| Q1 24 | $0.46 | $0.64 |
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 | $1.2B |
| 总债务越低越好 | $1.7B | $1.5B |
| 股东权益账面价值 | $1.8B | $2.5B |
| 总资产 | $5.1B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.95× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ATIG
| Q4 25 | $416.7M | $1.2B | ||
| Q3 25 | $372.2M | $740.8M | ||
| Q2 25 | $319.6M | $663.3M | ||
| Q1 25 | $475.8M | $561.6M | ||
| Q4 24 | $721.2M | $671.6M | ||
| Q3 24 | $406.6M | $1.0B | ||
| Q2 24 | $425.6M | $914.2M | ||
| Q1 24 | $394.4M | $478.4M |
总债务ATIG
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $2.1B | $1.2B |
股东权益ATIG
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.4B | $2.3B | ||
| Q1 24 | $1.3B | $2.3B |
总资产ATIG
| Q4 25 | $5.1B | $5.8B | ||
| Q3 25 | $5.0B | $5.4B | ||
| Q2 25 | $5.0B | $5.3B | ||
| Q1 25 | $5.2B | $4.9B | ||
| Q4 24 | $5.2B | $5.0B | ||
| Q3 24 | $5.1B | $5.3B | ||
| Q2 24 | $4.9B | $5.2B | ||
| Q1 24 | $4.8B | $4.7B |
负债/权益比ATIG
| Q4 25 | 0.95× | 0.60× | ||
| Q3 25 | 1.00× | 0.47× | ||
| Q2 25 | 0.98× | 0.47× | ||
| Q1 25 | 0.91× | 0.50× | ||
| Q4 24 | 0.93× | 0.51× | ||
| Q3 24 | 1.04× | 0.68× | ||
| Q2 24 | 1.37× | 0.70× | ||
| Q1 24 | 1.70× | 0.54× |
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 | $286.7M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $269.0M |
| 自由现金流率自由现金流/营收 | 19.0% | 20.4% |
| 资本支出强度资本支出/营收 | 7.9% | 1.3% |
| 现金转化率经营现金流/净利润 | 3.27× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $333.7M | $734.7M |
8季度趋势，按日历期对齐
经营现金流ATIG
| Q4 25 | $315.8M | $286.7M | ||
| Q3 25 | $229.5M | $308.4M | ||
| Q2 25 | $161.5M | $177.4M | ||
| Q1 25 | $-92.5M | $40.4M | ||
| Q4 24 | $380.9M | $203.2M | ||
| Q3 24 | $24.0M | $228.5M | ||
| Q2 24 | $101.1M | $209.3M | ||
| Q1 24 | $-98.8M | $-25.6M |
自由现金流ATIG
| Q4 25 | $223.1M | $269.0M | ||
| Q3 25 | $167.0M | $292.0M | ||
| Q2 25 | $89.4M | $155.1M | ||
| Q1 25 | $-145.8M | $18.5M | ||
| Q4 24 | $333.6M | $183.5M | ||
| Q3 24 | $-41.8M | $208.7M | ||
| Q2 24 | $40.9M | $190.0M | ||
| Q1 24 | $-164.6M | $-49.6M |
自由现金流率ATIG
| Q4 25 | 19.0% | 20.4% | ||
| Q3 25 | 14.8% | 22.6% | ||
| Q2 25 | 7.8% | 12.4% | ||
| Q1 25 | -12.7% | 1.5% | ||
| Q4 24 | 28.4% | 14.7% | ||
| Q3 24 | -4.0% | 17.2% | ||
| Q2 24 | 3.7% | 16.2% | ||
| Q1 24 | -15.8% | -4.4% |
资本支出强度ATIG
| Q4 25 | 7.9% | 1.3% | ||
| Q3 25 | 5.6% | 1.3% | ||
| Q2 25 | 6.3% | 1.8% | ||
| Q1 25 | 4.7% | 1.8% | ||
| Q4 24 | 4.0% | 1.6% | ||
| Q3 24 | 6.3% | 1.6% | ||
| Q2 24 | 5.5% | 1.6% | ||
| Q1 24 | 6.3% | 2.1% |
现金转化率ATIG
| Q4 25 | 3.27× | 2.00× | ||
| Q3 25 | 2.09× | 2.11× | ||
| Q2 25 | 1.60× | 1.34× | ||
| Q1 25 | -0.95× | 0.31× | ||
| Q4 24 | 2.78× | 1.43× | ||
| Q3 24 | 0.29× | 1.72× | ||
| Q2 24 | 1.23× | 1.72× | ||
| Q1 24 | -1.49× | -0.22× |
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% |
G
| High Tech And Manufacturing | $525.3M | 40% |
| Consumer And Healthcare | $445.8M | 34% |
| Financial Services | $348.2M | 26% |
