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安富利（AVT）与万豪国际（MAR）财务数据对比。点击上方公司名可切换其他公司
万豪国际的季度营收约是安富利的1.1倍（$6.7B vs $6.3B），万豪国际净利率更高（6.7% vs 1.0%，领先5.7%），安富利同比增速更快（11.6% vs 4.1%），过去两年万豪国际的营收复合增速更高（5.8% vs 5.7%）
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
万豪国际是美国跨国酒店管理集团，主营业务为运营、特许经营及授权各类住宿品牌，覆盖酒店、住宅、分时度假等多元物业类型。集团旗下拥有37个以上酒店及时度假品牌，全球布局9000余处经营点位，客房总量超159万间，总部位于美国马里兰州贝塞斯达，脱胎于原万豪集团的酒店业务板块。
AVT vs MAR — 直观对比
营收规模更大
MAR
是对方的1.1倍
$6.3B
营收增速更快
AVT
高出7.5%
4.1%
净利率更高
MAR
高出5.7%
1.0%
两年增速更快
MAR
近两年复合增速
5.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $6.7B |
| 净利润 | $61.7M | $445.0M |
| 毛利率 | 10.5% | — |
| 营业利润率 | 2.3% | 11.6% |
| 净利率 | 1.0% | 6.7% |
| 营收同比 | 11.6% | 4.1% |
| 净利润同比 | -29.2% | -2.2% |
| 每股收益（稀释后） | $0.75 | $1.67 |
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AVTMAR
| Q4 25 | $6.3B | $6.7B | ||
| Q3 25 | $5.9B | $6.5B | ||
| Q2 25 | $5.6B | $6.7B | ||
| Q1 25 | $5.3B | $6.3B | ||
| Q4 24 | $5.7B | $6.4B | ||
| Q3 24 | $5.6B | $6.3B | ||
| Q2 24 | $5.6B | $6.4B | ||
| Q1 24 | $5.7B | $6.0B |
净利润AVTMAR
| Q4 25 | $61.7M | $445.0M | ||
| Q3 25 | $51.7M | $728.0M | ||
| Q2 25 | $6.1M | $763.0M | ||
| Q1 25 | $87.9M | $665.0M | ||
| Q4 24 | $87.3M | $455.0M | ||
| Q3 24 | $59.0M | $584.0M | ||
| Q2 24 | $82.7M | $772.0M | ||
| Q1 24 | $88.8M | $564.0M |
毛利率AVTMAR
| Q4 25 | 10.5% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 11.1% | — | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 11.8% | — |
营业利润率AVTMAR
| Q4 25 | 2.3% | 11.6% | ||
| Q3 25 | 2.4% | 18.2% | ||
| Q2 25 | 1.3% | 18.3% | ||
| Q1 25 | 2.7% | 15.1% | ||
| Q4 24 | 2.7% | 11.7% | ||
| Q3 24 | 2.5% | 15.1% | ||
| Q2 24 | 3.0% | 18.6% | ||
| Q1 24 | 3.4% | 14.7% |
净利率AVTMAR
| Q4 25 | 1.0% | 6.7% | ||
| Q3 25 | 0.9% | 11.2% | ||
| Q2 25 | 0.1% | 11.3% | ||
| Q1 25 | 1.7% | 10.6% | ||
| Q4 24 | 1.5% | 7.1% | ||
| Q3 24 | 1.1% | 9.3% | ||
| Q2 24 | 1.5% | 12.0% | ||
| Q1 24 | 1.6% | 9.4% |
每股收益（稀释后）AVTMAR
| Q4 25 | $0.75 | $1.67 | ||
| Q3 25 | $0.61 | $2.67 | ||
| Q2 25 | $0.09 | $2.78 | ||
| Q1 25 | $1.01 | $2.39 | ||
| Q4 24 | $0.99 | $1.64 | ||
| Q3 24 | $0.66 | $2.07 | ||
| Q2 24 | $0.93 | $2.69 | ||
| Q1 24 | $0.97 | $1.93 |
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 | $286.5M | $358.0M |
| 总债务越低越好 | — | $15.0B |
| 股东权益账面价值 | $4.9B | $-3.8B |
| 总资产 | $13.2B | $27.5B |
| 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AVTMAR
| Q4 25 | $286.5M | $358.0M | ||
| Q3 25 | $175.5M | $678.0M | ||
| Q2 25 | $192.4M | $671.0M | ||
| Q1 25 | $188.9M | $523.0M | ||
| Q4 24 | $172.1M | $396.0M | ||
| Q3 24 | $267.5M | $394.0M | ||
| Q2 24 | $310.9M | $349.0M | ||
| Q1 24 | $218.5M | $429.0M |
总债务AVTMAR
| Q4 25 | — | $15.0B | ||
| Q3 25 | — | $14.4B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $14.1B | ||
| Q4 24 | — | $13.1B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.2B | ||
| Q1 24 | — | $11.7B |
股东权益AVTMAR
| Q4 25 | $4.9B | $-3.8B | ||
| Q3 25 | $4.8B | $-3.1B | ||
| Q2 25 | $5.0B | $-3.0B | ||
| Q1 25 | $4.9B | $-3.2B | ||
| Q4 24 | $4.8B | $-3.0B | ||
| Q3 24 | $5.0B | $-2.4B | ||
| Q2 24 | $4.9B | $-2.1B | ||
| Q1 24 | $5.0B | $-1.6B |
总资产AVTMAR
| Q4 25 | $13.2B | $27.5B | ||
| Q3 25 | $12.4B | $27.8B | ||
| Q2 25 | $12.1B | $27.3B | ||
| Q1 25 | $11.7B | $26.7B | ||
| Q4 24 | $11.9B | $26.2B | ||
| Q3 24 | $12.6B | $26.2B | ||
| Q2 24 | $12.2B | $25.7B | ||
| Q1 24 | $12.3B | $25.8B |
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 | $208.2M | $829.0M |
| 自由现金流经营现金流 - 资本支出 | $192.9M | — |
| 自由现金流率自由现金流/营收 | 3.1% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 3.37× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $217.7M | — |
8季度趋势，按日历期对齐
经营现金流AVTMAR
| Q4 25 | $208.2M | $829.0M | ||
| Q3 25 | $-144.6M | $1.1B | ||
| Q2 25 | $139.5M | $643.0M | ||
| Q1 25 | $140.9M | $647.0M | ||
| Q4 24 | $337.8M | $318.0M | ||
| Q3 24 | $106.3M | $880.0M | ||
| Q2 24 | $274.3M | $772.0M | ||
| Q1 24 | $499.3M | $779.0M |
自由现金流AVTMAR
| Q4 25 | $192.9M | — | ||
| Q3 25 | $-169.2M | $951.0M | ||
| Q2 25 | $79.9M | $488.0M | ||
| Q1 25 | $114.1M | $512.0M | ||
| Q4 24 | $308.5M | $-24.0M | ||
| Q3 24 | $74.5M | $706.0M | ||
| Q2 24 | $248.0M | $647.0M | ||
| Q1 24 | $457.2M | $670.0M |
自由现金流率AVTMAR
| Q4 25 | 3.1% | — | ||
| Q3 25 | -2.9% | 14.7% | ||
| Q2 25 | 1.4% | 7.2% | ||
| Q1 25 | 2.1% | 8.2% | ||
| Q4 24 | 5.4% | -0.4% | ||
| Q3 24 | 1.3% | 11.3% | ||
| Q2 24 | 4.5% | 10.0% | ||
| Q1 24 | 8.1% | 11.2% |
资本支出强度AVTMAR
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.4% | 2.2% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 0.5% | 5.3% | ||
| Q3 24 | 0.6% | 2.8% | ||
| Q2 24 | 0.5% | 1.9% | ||
| Q1 24 | 0.7% | 1.8% |
现金转化率AVTMAR
| Q4 25 | 3.37× | 1.86× | ||
| Q3 25 | -2.79× | 1.50× | ||
| Q2 25 | 22.91× | 0.84× | ||
| Q1 25 | 1.60× | 0.97× | ||
| Q4 24 | 3.87× | 0.70× | ||
| Q3 24 | 1.80× | 1.51× | ||
| Q2 24 | 3.32× | 1.00× | ||
| Q1 24 | 5.62× | 1.38× |
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
AVT
| Electronic Components | $5.9B | 93% |
| Premier Farnell | $427.1M | 7% |
MAR
暂无分部数据
