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博通（AVGO）与雷神技术公司（RTX）财务数据对比。点击上方公司名可切换其他公司
雷神技术公司的季度营收约是博通的1.2倍（$22.1B vs $18.0B），博通净利率更高（47.3% vs 9.3%，领先38.0%），博通同比增速更快（28.2% vs 8.7%），博通自由现金流更多（$7.5B vs $1.3B），过去两年博通的营收复合增速更高（22.7% vs 5.8%）
博通公司是美国跨国企业，主营各类半导体与基础设施软件产品的设计、研发、生产及全球供应，产品广泛服务于数据中心、网络、软件、宽带、无线、存储及工业领域。借AI发展热潮，2025年博通已跻身全球顶级企业行列，为“七巨头”科技阵营成员。
RTX公司原名为雷神技术公司，是总部位于美国弗吉尼亚州阿灵顿的跨国航空航天与防务集团。按营收和市值计算，它是全球规模最大的航空航天及防务制造商之一，同时也是知名情报服务提供商，2023年位列福布斯全球2000强第79位。
AVGO vs RTX — 直观对比
营收规模更大
RTX
是对方的1.2倍
$18.0B
营收增速更快
AVGO
高出19.5%
8.7%
净利率更高
AVGO
高出38.0%
9.3%
自由现金流更多
AVGO
多$6.2B
$1.3B
两年增速更快
AVGO
近两年复合增速
5.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.0B | $22.1B |
| 净利润 | $8.5B | $2.1B |
| 毛利率 | 68.0% | 20.8% |
| 营业利润率 | 41.7% | 5.9% |
| 净利率 | 47.3% | 9.3% |
| 营收同比 | 28.2% | 8.7% |
| 净利润同比 | 97.0% | 34.1% |
| 每股收益（稀释后） | $1.75 | $1.51 |
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AVGORTX
| Q1 26 | — | $22.1B | ||
| Q4 25 | $18.0B | $24.2B | ||
| Q3 25 | $16.0B | $22.5B | ||
| Q2 25 | $15.0B | $21.6B | ||
| Q1 25 | $14.9B | $20.3B | ||
| Q4 24 | $14.1B | $21.6B | ||
| Q3 24 | $13.1B | $20.1B | ||
| Q2 24 | $12.5B | $19.7B |
净利润AVGORTX
| Q1 26 | — | $2.1B | ||
| Q4 25 | $8.5B | $1.6B | ||
| Q3 25 | $4.1B | $1.9B | ||
| Q2 25 | $5.0B | $1.7B | ||
| Q1 25 | $5.5B | $1.5B | ||
| Q4 24 | $4.3B | $1.5B | ||
| Q3 24 | $-1.9B | $1.5B | ||
| Q2 24 | $2.1B | $111.0M |
毛利率AVGORTX
| Q1 26 | — | 20.8% | ||
| Q4 25 | 68.0% | — | ||
| Q3 25 | 67.1% | — | ||
| Q2 25 | 68.0% | — | ||
| Q1 25 | 68.0% | — | ||
| Q4 24 | 64.1% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 62.3% | — |
营业利润率AVGORTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 41.7% | 10.7% | ||
| Q3 25 | 36.9% | 11.2% | ||
| Q2 25 | 38.8% | 9.9% | ||
| Q1 25 | 42.0% | 10.0% | ||
| Q4 24 | 32.9% | 9.8% | ||
| Q3 24 | 29.0% | 10.1% | ||
| Q2 24 | 23.7% | 2.7% |
净利率AVGORTX
| Q1 26 | — | 9.3% | ||
| Q4 25 | 47.3% | 6.7% | ||
| Q3 25 | 26.0% | 8.5% | ||
| Q2 25 | 33.1% | 7.7% | ||
| Q1 25 | 36.9% | 7.6% | ||
| Q4 24 | 30.8% | 6.9% | ||
| Q3 24 | -14.3% | 7.3% | ||
| Q2 24 | 17.0% | 0.6% |
每股收益（稀释后）AVGORTX
| Q1 26 | — | $1.51 | ||
| Q4 25 | $1.75 | $1.19 | ||
| Q3 25 | $0.85 | $1.41 | ||
| Q2 25 | $1.03 | $1.22 | ||
| Q1 25 | $1.14 | $1.14 | ||
| Q4 24 | $-5.63 | $1.10 | ||
| Q3 24 | $-0.40 | $1.09 | ||
| Q2 24 | $4.42 | $0.08 |
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 | $16.2B | $6.8B |
| 总债务越低越好 | $62.0B | $33.2B |
| 股东权益账面价值 | $81.3B | $68.0B |
| 总资产 | $171.1B | $170.4B |
| 负债/权益比越低杠杆越低 | 0.76× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AVGORTX
| Q1 26 | — | $6.8B | ||
| Q4 25 | $16.2B | $8.2B | ||
| Q3 25 | $10.7B | $6.7B | ||
| Q2 25 | $9.5B | $5.5B | ||
| Q1 25 | $9.3B | $5.8B | ||
| Q4 24 | $9.3B | $6.4B | ||
| Q3 24 | $10.0B | $7.4B | ||
| Q2 24 | $9.8B | $6.7B |
总债务AVGORTX
| Q1 26 | — | $33.2B | ||
| Q4 25 | $62.0B | $34.3B | ||
| Q3 25 | $62.8B | $38.3B | ||
| Q2 25 | $61.8B | $38.3B | ||
| Q1 25 | $60.9B | $38.2B | ||
| Q4 24 | $66.3B | $38.7B | ||
| Q3 24 | $66.8B | $38.8B | ||
| Q2 24 | $71.6B | $40.3B |
股东权益AVGORTX
| Q1 26 | — | $68.0B | ||
| Q4 25 | $81.3B | $65.2B | ||
| Q3 25 | $73.3B | $64.5B | ||
| Q2 25 | $69.6B | $62.4B | ||
| Q1 25 | $69.8B | $61.5B | ||
| Q4 24 | $67.7B | $60.2B | ||
| Q3 24 | $65.7B | $61.1B | ||
| Q2 24 | $70.0B | $59.0B |
总资产AVGORTX
| Q1 26 | — | $170.4B | ||
| Q4 25 | $171.1B | $171.1B | ||
| Q3 25 | $165.6B | $168.7B | ||
| Q2 25 | $164.6B | $167.1B | ||
| Q1 25 | $165.4B | $164.9B | ||
| Q4 24 | $165.6B | $162.9B | ||
| Q3 24 | $168.0B | $164.8B | ||
| Q2 24 | $175.2B | $161.2B |
负债/权益比AVGORTX
| Q1 26 | — | 0.49× | ||
| Q4 25 | 0.76× | 0.53× | ||
| Q3 25 | 0.86× | 0.59× | ||
| Q2 25 | 0.89× | 0.61× | ||
| Q1 25 | 0.87× | 0.62× | ||
| Q4 24 | 0.98× | 0.64× | ||
| Q3 24 | 1.02× | 0.64× | ||
| Q2 24 | 1.02× | 0.68× |
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 | $7.7B | — |
| 自由现金流经营现金流 - 资本支出 | $7.5B | $1.3B |
| 自由现金流率自由现金流/营收 | 41.4% | 5.9% |
| 资本支出强度资本支出/营收 | 1.3% | 2.5% |
| 现金转化率经营现金流/净利润 | 0.90× | — |
| 过去12个月自由现金流最近4个季度 | $26.9B | $8.5B |
8季度趋势，按日历期对齐
经营现金流AVGORTX
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $4.2B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $6.6B | $458.0M | ||
| Q1 25 | $6.1B | $1.3B | ||
| Q4 24 | $5.6B | $1.6B | ||
| Q3 24 | $5.0B | $2.5B | ||
| Q2 24 | $4.6B | $2.7B |
自由现金流AVGORTX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $7.5B | $3.2B | ||
| Q3 25 | $7.0B | $4.0B | ||
| Q2 25 | $6.4B | $-72.0M | ||
| Q1 25 | $6.0B | $792.0M | ||
| Q4 24 | $5.5B | $492.0M | ||
| Q3 24 | $4.8B | $2.0B | ||
| Q2 24 | $4.4B | $2.2B |
自由现金流率AVGORTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 41.4% | 13.2% | ||
| Q3 25 | 44.0% | 17.9% | ||
| Q2 25 | 42.7% | -0.3% | ||
| Q1 25 | 40.3% | 3.9% | ||
| Q4 24 | 39.0% | 2.3% | ||
| Q3 24 | 36.7% | 9.8% | ||
| Q2 24 | 35.6% | 11.1% |
资本支出强度AVGORTX
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.3% | 4.0% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 1.0% | 2.5% | ||
| Q1 25 | 0.7% | 2.5% | ||
| Q4 24 | 0.9% | 4.9% | ||
| Q3 24 | 1.3% | 2.7% | ||
| Q2 24 | 1.1% | 2.7% |
现金转化率AVGORTX
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 2.57× | ||
| Q3 25 | 1.73× | 2.42× | ||
| Q2 25 | 1.32× | 0.28× | ||
| Q1 25 | 1.11× | 0.85× | ||
| Q4 24 | 1.30× | 1.05× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | 2.16× | 24.62× |
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
AVGO
| Semiconductor Solutions | $11.1B | 61% |
| Infrastructure Software | $6.9B | 39% |
RTX
暂无分部数据
