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安富利（AVT）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
安富利的季度营收约是ServiceNow的1.7倍（$6.3B vs $3.8B），ServiceNow净利率更高（12.4% vs 1.0%，领先11.5%），安富利同比增速更快（11.6% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $192.9M），过去两年ServiceNow的营收复合增速更高（19.8% 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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
AVT vs NOW — 直观对比
营收规模更大
AVT
是对方的1.7倍
$3.8B
营收增速更快
AVT
高出8.8%
2.8%
净利率更高
NOW
高出11.5%
1.0%
自由现金流更多
NOW
多$1.5B
$192.9M
两年增速更快
NOW
近两年复合增速
5.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.8B |
| 净利润 | $61.7M | $469.0M |
| 毛利率 | 10.5% | 75.1% |
| 营业利润率 | 2.3% | 13.3% |
| 净利率 | 1.0% | 12.4% |
| 营收同比 | 11.6% | 2.8% |
| 净利润同比 | -29.2% | -53.7% |
| 每股收益（稀释后） | $0.75 | $1.04 |
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AVTNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.3B | $3.6B | ||
| Q3 25 | $5.9B | $3.4B | ||
| Q2 25 | $5.6B | $3.2B | ||
| Q1 25 | $5.3B | $3.1B | ||
| Q4 24 | $5.7B | $3.0B | ||
| Q3 24 | $5.6B | $2.8B | ||
| Q2 24 | $5.6B | $2.6B |
净利润AVTNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $61.7M | $401.0M | ||
| Q3 25 | $51.7M | $502.0M | ||
| Q2 25 | $6.1M | $385.0M | ||
| Q1 25 | $87.9M | $460.0M | ||
| Q4 24 | $87.3M | $384.0M | ||
| Q3 24 | $59.0M | $432.0M | ||
| Q2 24 | $82.7M | $262.0M |
毛利率AVTNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | 10.5% | 76.6% | ||
| Q3 25 | 10.4% | 77.3% | ||
| Q2 25 | 10.6% | 77.5% | ||
| Q1 25 | 11.1% | 78.9% | ||
| Q4 24 | 10.5% | 78.7% | ||
| Q3 24 | 10.8% | 79.1% | ||
| Q2 24 | 11.6% | 79.0% |
营业利润率AVTNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 2.3% | 12.4% | ||
| Q3 25 | 2.4% | 16.8% | ||
| Q2 25 | 1.3% | 11.1% | ||
| Q1 25 | 2.7% | 14.6% | ||
| Q4 24 | 2.7% | 12.6% | ||
| Q3 24 | 2.5% | 14.9% | ||
| Q2 24 | 3.0% | 9.1% |
净利率AVTNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 1.0% | 11.2% | ||
| Q3 25 | 0.9% | 14.7% | ||
| Q2 25 | 0.1% | 12.0% | ||
| Q1 25 | 1.7% | 14.9% | ||
| Q4 24 | 1.5% | 13.0% | ||
| Q3 24 | 1.1% | 15.4% | ||
| Q2 24 | 1.5% | 10.0% |
每股收益（稀释后）AVTNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.75 | $-4.77 | ||
| Q3 25 | $0.61 | $2.40 | ||
| Q2 25 | $0.09 | $1.84 | ||
| Q1 25 | $1.01 | $2.20 | ||
| Q4 24 | $0.99 | $1.84 | ||
| Q3 24 | $0.66 | $2.07 | ||
| Q2 24 | $0.93 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.9B | $11.7B |
| 总资产 | $13.2B | $24.4B |
| 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AVTNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $286.5M | $3.7B | ||
| Q3 25 | $175.5M | $2.7B | ||
| Q2 25 | $192.4M | $3.1B | ||
| Q1 25 | $188.9M | $3.4B | ||
| Q4 24 | $172.1M | $2.3B | ||
| Q3 24 | $267.5M | $1.9B | ||
| Q2 24 | $310.9M | $2.2B |
股东权益AVTNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $4.9B | $13.0B | ||
| Q3 25 | $4.8B | $11.3B | ||
| Q2 25 | $5.0B | $10.9B | ||
| Q1 25 | $4.9B | $10.1B | ||
| Q4 24 | $4.8B | $9.6B | ||
| Q3 24 | $5.0B | $9.3B | ||
| Q2 24 | $4.9B | $8.7B |
总资产AVTNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $13.2B | $26.0B | ||
| Q3 25 | $12.4B | $21.8B | ||
| Q2 25 | $12.1B | $22.1B | ||
| Q1 25 | $11.7B | $21.0B | ||
| Q4 24 | $11.9B | $20.4B | ||
| Q3 24 | $12.6B | $18.4B | ||
| Q2 24 | $12.2B | $18.2B |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $192.9M | $1.7B |
| 自由现金流率自由现金流/营收 | 3.1% | 44.2% |
| 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× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $217.7M | $4.8B |
8季度趋势，按日历期对齐
经营现金流AVTNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $208.2M | $2.2B | ||
| Q3 25 | $-144.6M | $813.0M | ||
| Q2 25 | $139.5M | $716.0M | ||
| Q1 25 | $140.9M | $1.7B | ||
| Q4 24 | $337.8M | $1.6B | ||
| Q3 24 | $106.3M | $671.0M | ||
| Q2 24 | $274.3M | $620.0M |
自由现金流AVTNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $192.9M | $2.0B | ||
| Q3 25 | $-169.2M | $578.0M | ||
| Q2 25 | $79.9M | $526.0M | ||
| Q1 25 | $114.1M | $1.5B | ||
| Q4 24 | $308.5M | $1.4B | ||
| Q3 24 | $74.5M | $469.0M | ||
| Q2 24 | $248.0M | $358.0M |
自由现金流率AVTNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 3.1% | 56.1% | ||
| Q3 25 | -2.9% | 17.0% | ||
| Q2 25 | 1.4% | 16.4% | ||
| Q1 25 | 2.1% | 47.7% | ||
| Q4 24 | 5.4% | 46.7% | ||
| Q3 24 | 1.3% | 16.8% | ||
| Q2 24 | 4.5% | 13.6% |
资本支出强度AVTNOW
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 6.7% | ||
| Q3 25 | 0.4% | 6.9% | ||
| Q2 25 | 1.1% | 5.9% | ||
| Q1 25 | 0.5% | 6.6% | ||
| Q4 24 | 0.5% | 8.6% | ||
| Q3 24 | 0.6% | 7.2% | ||
| Q2 24 | 0.5% | 10.0% |
现金转化率AVTNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 3.37× | 5.58× | ||
| Q3 25 | -2.79× | 1.62× | ||
| Q2 25 | 22.91× | 1.86× | ||
| Q1 25 | 1.60× | 3.65× | ||
| Q4 24 | 3.87× | 4.26× | ||
| Q3 24 | 1.80× | 1.55× | ||
| Q2 24 | 3.32× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
