vs
ATI INC（ATI）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
ATI INC的季度营收约是Reddit, Inc.的1.6倍（$1.2B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 8.2%，领先26.5%），Reddit, Inc.同比增速更快（69.7% vs 0.4%），Reddit, Inc.自由现金流更多（$263.6M vs $223.1M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
ATI vs RDDT — 直观对比
营收规模更大
ATI
是对方的1.6倍
$725.6M
营收增速更快
RDDT
高出69.3%
0.4%
净利率更高
RDDT
高出26.5%
8.2%
自由现金流更多
RDDT
多$40.5M
$223.1M
两年增速更快
RDDT
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $725.6M |
| 净利润 | $96.6M | $251.6M |
| 毛利率 | 23.2% | 91.9% |
| 营业利润率 | 14.5% | 31.9% |
| 净利率 | 8.2% | 34.7% |
| 营收同比 | 0.4% | 69.7% |
| 净利润同比 | -29.5% | 254.2% |
| 每股收益（稀释后） | $0.70 | $1.24 |
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ATIRDDT
| Q4 25 | $1.2B | $725.6M | ||
| Q3 25 | $1.1B | $584.9M | ||
| Q2 25 | $1.1B | $499.6M | ||
| Q1 25 | $1.1B | $392.4M | ||
| Q4 24 | $1.2B | $427.7M | ||
| Q3 24 | $1.1B | $348.4M | ||
| Q2 24 | $1.1B | $281.2M | ||
| Q1 24 | $1.0B | $243.0M |
净利润ATIRDDT
| Q4 25 | $96.6M | $251.6M | ||
| Q3 25 | $110.0M | $162.7M | ||
| Q2 25 | $100.7M | $89.3M | ||
| Q1 25 | $97.0M | $26.2M | ||
| Q4 24 | $137.1M | $71.0M | ||
| Q3 24 | $82.7M | $29.9M | ||
| Q2 24 | $81.9M | $-10.1M | ||
| Q1 24 | $66.1M | $-575.1M |
毛利率ATIRDDT
| Q4 25 | 23.2% | 91.9% | ||
| Q3 25 | 22.7% | 91.0% | ||
| Q2 25 | 21.3% | 90.8% | ||
| Q1 25 | 20.6% | 90.5% | ||
| Q4 24 | 21.2% | 92.6% | ||
| Q3 24 | 21.4% | 90.1% | ||
| Q2 24 | 20.8% | 89.5% | ||
| Q1 24 | 18.9% | 88.6% |
营业利润率ATIRDDT
| Q4 25 | 14.5% | 31.9% | ||
| Q3 25 | 14.4% | 23.7% | ||
| Q2 25 | 14.1% | 13.6% | ||
| Q1 25 | 12.8% | 1.0% | ||
| Q4 24 | 17.8% | 12.4% | ||
| Q3 24 | 13.5% | 2.0% | ||
| Q2 24 | 13.0% | -11.0% | ||
| Q1 24 | 11.0% | -242.5% |
净利率ATIRDDT
| Q4 25 | 8.2% | 34.7% | ||
| Q3 25 | 9.8% | 27.8% | ||
| Q2 25 | 8.8% | 17.9% | ||
| Q1 25 | 8.5% | 6.7% | ||
| Q4 24 | 11.7% | 16.6% | ||
| Q3 24 | 7.9% | 8.6% | ||
| Q2 24 | 7.5% | -3.6% | ||
| Q1 24 | 6.3% | -236.7% |
每股收益（稀释后）ATIRDDT
| Q4 25 | $0.70 | $1.24 | ||
| Q3 25 | $0.78 | $0.80 | ||
| Q2 25 | $0.70 | $0.45 | ||
| Q1 25 | $0.67 | $0.13 | ||
| Q4 24 | $0.94 | $4.76 | ||
| Q3 24 | $0.57 | $0.16 | ||
| Q2 24 | $0.58 | $-0.06 | ||
| Q1 24 | $0.46 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.8B | $2.9B |
| 总资产 | $5.1B | $3.2B |
| 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ATIRDDT
| Q4 25 | $416.7M | $953.6M | ||
| Q3 25 | $372.2M | $911.7M | ||
| Q2 25 | $319.6M | $734.1M | ||
| Q1 25 | $475.8M | $635.7M | ||
| Q4 24 | $721.2M | $562.1M | ||
| Q3 24 | $406.6M | $515.9M | ||
| Q2 24 | $425.6M | $468.0M | ||
| Q1 24 | $394.4M | $968.5M |
总债务ATIRDDT
| 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 | — | ||
| Q1 24 | $2.1B | — |
股东权益ATIRDDT
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.3B | $1.8B |
总资产ATIRDDT
| Q4 25 | $5.1B | $3.2B | ||
| Q3 25 | $5.0B | $2.9B | ||
| Q2 25 | $5.0B | $2.6B | ||
| Q1 25 | $5.2B | $2.4B | ||
| Q4 24 | $5.2B | $2.3B | ||
| Q3 24 | $5.1B | $2.2B | ||
| Q2 24 | $4.9B | $2.1B | ||
| Q1 24 | $4.8B | $2.0B |
负债/权益比ATIRDDT
| 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× | — | ||
| Q1 24 | 1.70× | — |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $263.6M |
| 自由现金流率自由现金流/营收 | 19.0% | 36.3% |
| 资本支出强度资本支出/营收 | 7.9% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.27× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $333.7M | $684.2M |
8季度趋势，按日历期对齐
经营现金流ATIRDDT
| Q4 25 | $315.8M | $266.8M | ||
| Q3 25 | $229.5M | $185.2M | ||
| Q2 25 | $161.5M | $111.3M | ||
| Q1 25 | $-92.5M | $127.6M | ||
| Q4 24 | $380.9M | $90.0M | ||
| Q3 24 | $24.0M | $71.6M | ||
| Q2 24 | $101.1M | $28.4M | ||
| Q1 24 | $-98.8M | $32.1M |
自由现金流ATIRDDT
| Q4 25 | $223.1M | $263.6M | ||
| Q3 25 | $167.0M | $183.1M | ||
| Q2 25 | $89.4M | $110.8M | ||
| Q1 25 | $-145.8M | $126.6M | ||
| Q4 24 | $333.6M | $89.2M | ||
| Q3 24 | $-41.8M | $70.3M | ||
| Q2 24 | $40.9M | $27.2M | ||
| Q1 24 | $-164.6M | $29.2M |
自由现金流率ATIRDDT
| Q4 25 | 19.0% | 36.3% | ||
| Q3 25 | 14.8% | 31.3% | ||
| Q2 25 | 7.8% | 22.2% | ||
| Q1 25 | -12.7% | 32.3% | ||
| Q4 24 | 28.4% | 20.8% | ||
| Q3 24 | -4.0% | 20.2% | ||
| Q2 24 | 3.7% | 9.7% | ||
| Q1 24 | -15.8% | 12.0% |
资本支出强度ATIRDDT
| Q4 25 | 7.9% | 0.4% | ||
| Q3 25 | 5.6% | 0.4% | ||
| Q2 25 | 6.3% | 0.1% | ||
| Q1 25 | 4.7% | 0.2% | ||
| Q4 24 | 4.0% | 0.2% | ||
| Q3 24 | 6.3% | 0.4% | ||
| Q2 24 | 5.5% | 0.4% | ||
| Q1 24 | 6.3% | 1.2% |
现金转化率ATIRDDT
| Q4 25 | 3.27× | 1.06× | ||
| Q3 25 | 2.09× | 1.14× | ||
| Q2 25 | 1.60× | 1.25× | ||
| Q1 25 | -0.95× | 4.88× | ||
| Q4 24 | 2.78× | 1.27× | ||
| Q3 24 | 0.29× | 2.40× | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | -1.49× | — |
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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
