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安富利（AVT）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是安富利的1.9倍（$12.3B vs $6.3B），高通净利率更高（24.5% vs 1.0%，领先23.5%），安富利同比增速更快（11.6% vs 5.0%），高通自由现金流更多（$4.4B vs $192.9M），过去两年高通的营收复合增速更高（14.2% 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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
AVT vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.9倍
$6.3B
营收增速更快
AVT
高出6.6%
5.0%
净利率更高
QCOM
高出23.5%
1.0%
自由现金流更多
QCOM
多$4.2B
$192.9M
两年增速更快
QCOM
近两年复合增速
5.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $12.3B |
| 净利润 | $61.7M | $3.0B |
| 毛利率 | 10.5% | 54.6% |
| 营业利润率 | 2.3% | 27.5% |
| 净利率 | 1.0% | 24.5% |
| 营收同比 | 11.6% | 5.0% |
| 净利润同比 | -29.2% | -5.5% |
| 每股收益（稀释后） | $0.75 | $2.78 |
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AVTQCOM
| Q4 25 | $6.3B | $12.3B | ||
| Q3 25 | $5.9B | $11.3B | ||
| Q2 25 | $5.6B | $10.4B | ||
| Q1 25 | $5.3B | $11.0B | ||
| Q4 24 | $5.7B | $11.7B | ||
| Q3 24 | $5.6B | $10.2B | ||
| Q2 24 | $5.6B | $9.4B | ||
| Q1 24 | $5.7B | $9.4B |
净利润AVTQCOM
| Q4 25 | $61.7M | $3.0B | ||
| Q3 25 | $51.7M | $-3.1B | ||
| Q2 25 | $6.1M | $2.7B | ||
| Q1 25 | $87.9M | $2.8B | ||
| Q4 24 | $87.3M | $3.2B | ||
| Q3 24 | $59.0M | $2.9B | ||
| Q2 24 | $82.7M | $2.1B | ||
| Q1 24 | $88.8M | $2.3B |
毛利率AVTQCOM
| Q4 25 | 10.5% | 54.6% | ||
| Q3 25 | 10.4% | 55.3% | ||
| Q2 25 | 10.6% | 55.6% | ||
| Q1 25 | 11.1% | 55.0% | ||
| Q4 24 | 10.5% | 55.8% | ||
| Q3 24 | 10.8% | 56.4% | ||
| Q2 24 | 11.6% | 55.6% | ||
| Q1 24 | 11.8% | 56.3% |
营业利润率AVTQCOM
| Q4 25 | 2.3% | 27.5% | ||
| Q3 25 | 2.4% | 25.9% | ||
| Q2 25 | 1.3% | 26.6% | ||
| Q1 25 | 2.7% | 28.4% | ||
| Q4 24 | 2.7% | 30.5% | ||
| Q3 24 | 2.5% | 25.2% | ||
| Q2 24 | 3.0% | 23.6% | ||
| Q1 24 | 3.4% | 24.9% |
净利率AVTQCOM
| Q4 25 | 1.0% | 24.5% | ||
| Q3 25 | 0.9% | -27.7% | ||
| Q2 25 | 0.1% | 25.7% | ||
| Q1 25 | 1.7% | 25.6% | ||
| Q4 24 | 1.5% | 27.3% | ||
| Q3 24 | 1.1% | 28.5% | ||
| Q2 24 | 1.5% | 22.7% | ||
| Q1 24 | 1.6% | 24.8% |
每股收益（稀释后）AVTQCOM
| Q4 25 | $0.75 | $2.78 | ||
| Q3 25 | $0.61 | $-2.77 | ||
| Q2 25 | $0.09 | $2.43 | ||
| Q1 25 | $1.01 | $2.52 | ||
| Q4 24 | $0.99 | $2.83 | ||
| Q3 24 | $0.66 | $2.57 | ||
| Q2 24 | $0.93 | $1.88 | ||
| Q1 24 | $0.97 | $2.06 |
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 | $11.8B |
| 总债务越低越好 | — | $14.8B |
| 股东权益账面价值 | $4.9B | $23.1B |
| 总资产 | $13.2B | $53.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AVTQCOM
| Q4 25 | $286.5M | $11.8B | ||
| Q3 25 | $175.5M | $10.2B | ||
| Q2 25 | $192.4M | $10.0B | ||
| Q1 25 | $188.9M | $13.8B | ||
| Q4 24 | $172.1M | $14.3B | ||
| Q3 24 | $267.5M | $13.3B | ||
| Q2 24 | $310.9M | $13.0B | ||
| Q1 24 | $218.5M | $13.9B |
总债务AVTQCOM
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B | ||
| Q1 24 | — | $14.5B |
股东权益AVTQCOM
| Q4 25 | $4.9B | $23.1B | ||
| Q3 25 | $4.8B | $21.2B | ||
| Q2 25 | $5.0B | $27.2B | ||
| Q1 25 | $4.9B | $27.7B | ||
| Q4 24 | $4.8B | $26.9B | ||
| Q3 24 | $5.0B | $26.3B | ||
| Q2 24 | $4.9B | $24.7B | ||
| Q1 24 | $5.0B | $24.5B |
总资产AVTQCOM
| Q4 25 | $13.2B | $53.0B | ||
| Q3 25 | $12.4B | $50.1B | ||
| Q2 25 | $12.1B | $54.9B | ||
| Q1 25 | $11.7B | $55.4B | ||
| Q4 24 | $11.9B | $55.6B | ||
| Q3 24 | $12.6B | $55.2B | ||
| Q2 24 | $12.2B | $52.7B | ||
| Q1 24 | $12.3B | $53.2B |
负债/权益比AVTQCOM
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.59× |
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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $192.9M | $4.4B |
| 自由现金流率自由现金流/营收 | 3.1% | 36.0% |
| 资本支出强度资本支出/营收 | 0.2% | 4.5% |
| 现金转化率经营现金流/净利润 | 3.37× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $217.7M | $12.9B |
8季度趋势，按日历期对齐
经营现金流AVTQCOM
| Q4 25 | $208.2M | $5.0B | ||
| Q3 25 | $-144.6M | $4.0B | ||
| Q2 25 | $139.5M | $2.9B | ||
| Q1 25 | $140.9M | $2.6B | ||
| Q4 24 | $337.8M | $4.6B | ||
| Q3 24 | $106.3M | $2.6B | ||
| Q2 24 | $274.3M | $3.1B | ||
| Q1 24 | $499.3M | $3.6B |
自由现金流AVTQCOM
| Q4 25 | $192.9M | $4.4B | ||
| Q3 25 | $-169.2M | $3.6B | ||
| Q2 25 | $79.9M | $2.6B | ||
| Q1 25 | $114.1M | $2.3B | ||
| Q4 24 | $308.5M | $4.3B | ||
| Q3 24 | $74.5M | $2.4B | ||
| Q2 24 | $248.0M | $2.7B | ||
| Q1 24 | $457.2M | $3.4B |
自由现金流率AVTQCOM
| Q4 25 | 3.1% | 36.0% | ||
| Q3 25 | -2.9% | 31.8% | ||
| Q2 25 | 1.4% | 24.9% | ||
| Q1 25 | 2.1% | 21.3% | ||
| Q4 24 | 5.4% | 36.9% | ||
| Q3 24 | 1.3% | 23.3% | ||
| Q2 24 | 4.5% | 28.4% | ||
| Q1 24 | 8.1% | 35.9% |
资本支出强度AVTQCOM
| Q4 25 | 0.2% | 4.5% | ||
| Q3 25 | 0.4% | 3.6% | ||
| Q2 25 | 1.1% | 2.8% | ||
| Q1 25 | 0.5% | 1.9% | ||
| Q4 24 | 0.5% | 2.4% | ||
| Q3 24 | 0.6% | 2.5% | ||
| Q2 24 | 0.5% | 4.1% | ||
| Q1 24 | 0.7% | 2.0% |
现金转化率AVTQCOM
| Q4 25 | 3.37× | 1.65× | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | 22.91× | 1.08× | ||
| Q1 25 | 1.60× | 0.91× | ||
| Q4 24 | 3.87× | 1.44× | ||
| Q3 24 | 1.80× | 0.91× | ||
| Q2 24 | 3.32× | 1.43× | ||
| Q1 24 | 5.62× | 1.53× |
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% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
