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BENCHMARK ELECTRONICS INC（BHE）与新美亚（SANM）财务数据对比。点击上方公司名可切换其他公司
新美亚的季度营收约是BENCHMARK ELECTRONICS INC的4.4倍（$3.2B vs $725.8M）。新美亚同比增速更快（59.0% vs 6.2%）。新美亚自由现金流更多（$91.9M vs $48.2M）。过去两年新美亚的营收复合增速更高（31.9% vs 1.1%）
Benchmark Electronics Inc是总部位于美国亚利桑那州坦佩市的电子制造服务（EMS）、原始设计制造（ODM）及原始设备制造（OEM）企业，为客户提供专业的合同制造服务，业务覆盖全球多个区域的电子产业链需求。
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
BHE vs SANM — 直观对比
营收规模更大
SANM
是对方的4.4倍
$725.8M
营收增速更快
SANM
高出52.8%
6.2%
自由现金流更多
SANM
多$43.7M
$48.2M
两年增速更快
SANM
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $725.8M | $3.2B |
| 净利润 | — | $49.3M |
| 毛利率 | 10.2% | 7.6% |
| 营业利润率 | 2.8% | 2.3% |
| 净利率 | — | 1.5% |
| 营收同比 | 6.2% | 59.0% |
| 净利润同比 | — | -24.2% |
| 每股收益（稀释后） | $0.16 | $0.89 |
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BHESANM
| Q4 25 | $725.8M | $3.2B | ||
| Q3 25 | $702.6M | $2.1B | ||
| Q2 25 | $665.7M | $2.0B | ||
| Q1 25 | $654.6M | $2.0B | ||
| Q4 24 | $683.6M | $2.0B | ||
| Q3 24 | $680.0M | $2.0B | ||
| Q2 24 | $686.7M | $1.8B | ||
| Q1 24 | $710.6M | $1.8B |
净利润BHESANM
| Q4 25 | — | $49.3M | ||
| Q3 25 | $14.3M | $48.1M | ||
| Q2 25 | $972.0K | $68.6M | ||
| Q1 25 | $3.6M | $64.2M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $15.4M | $61.4M | ||
| Q2 24 | $15.5M | $51.6M | ||
| Q1 24 | $14.0M | $52.5M |
毛利率BHESANM
| Q4 25 | 10.2% | 7.6% | ||
| Q3 25 | 9.7% | 9.1% | ||
| Q2 25 | 9.7% | 8.9% | ||
| Q1 25 | 9.7% | 8.9% | ||
| Q4 24 | 9.9% | 8.4% | ||
| Q3 24 | 9.8% | 8.5% | ||
| Q2 24 | 9.9% | 8.3% | ||
| Q1 24 | 9.5% | 8.4% |
营业利润率BHESANM
| Q4 25 | 2.8% | 2.3% | ||
| Q3 25 | 3.4% | 3.7% | ||
| Q2 25 | 3.1% | 4.7% | ||
| Q1 25 | 1.8% | 4.6% | ||
| Q4 24 | 4.2% | 4.4% | ||
| Q3 24 | 4.1% | 4.4% | ||
| Q2 24 | 4.0% | 4.5% | ||
| Q1 24 | 3.6% | 4.1% |
净利率BHESANM
| Q4 25 | — | 1.5% | ||
| Q3 25 | 2.0% | 2.3% | ||
| Q2 25 | 0.1% | 3.4% | ||
| Q1 25 | 0.6% | 3.2% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 2.3% | 3.0% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 2.0% | 2.9% |
每股收益（稀释后）BHESANM
| Q4 25 | $0.16 | $0.89 | ||
| Q3 25 | $0.39 | $0.88 | ||
| Q2 25 | $0.03 | $1.26 | ||
| Q1 25 | $0.10 | $1.16 | ||
| Q4 24 | $0.43 | $1.16 | ||
| Q3 24 | $0.42 | $1.09 | ||
| Q2 24 | $0.43 | $0.91 | ||
| Q1 24 | $0.38 | $0.93 |
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 | $322.1M | $1.4B |
| 总债务越低越好 | $206.8M | $2.2B |
| 股东权益账面价值 | $1.1B | $2.7B |
| 总资产 | $2.1B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资BHESANM
| Q4 25 | $322.1M | $1.4B | ||
| Q3 25 | $285.4M | $926.3M | ||
| Q2 25 | $264.6M | $797.9M | ||
| Q1 25 | $355.3M | $647.1M | ||
| Q4 24 | $315.2M | $642.4M | ||
| Q3 24 | $324.4M | $625.9M | ||
| Q2 24 | $309.3M | $657.7M | ||
| Q1 24 | $296.1M | $650.9M |
总债务BHESANM
| Q4 25 | $206.8M | $2.2B | ||
| Q3 25 | $212.6M | $300.5M | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $268.9M | — | ||
| Q4 24 | $250.5M | — | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $283.6M | — | ||
| Q1 24 | $310.1M | — |
股东权益BHESANM
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.4B | ||
| Q2 24 | $1.1B | $2.3B | ||
| Q1 24 | $1.1B | $2.3B |
总资产BHESANM
| Q4 25 | $2.1B | $9.8B | ||
| Q3 25 | $2.1B | $5.9B | ||
| Q2 25 | $2.0B | $5.2B | ||
| Q1 25 | $2.1B | $5.0B | ||
| Q4 24 | $2.1B | $4.8B | ||
| Q3 24 | $2.1B | $4.8B | ||
| Q2 24 | $2.2B | $4.7B | ||
| Q1 24 | $2.2B | $4.7B |
负债/权益比BHESANM
| Q4 25 | 0.19× | 0.82× | ||
| Q3 25 | 0.19× | 0.12× | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.29× | — |
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 | $58.7M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | $48.2M | $91.9M |
| 自由现金流率自由现金流/营收 | 6.6% | 2.9% |
| 资本支出强度资本支出/营收 | 1.4% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 3.63× |
| 过去12个月自由现金流最近4个季度 | $88.4M | $518.3M |
8季度趋势，按日历期对齐
经营现金流BHESANM
| Q4 25 | $58.7M | $178.7M | ||
| Q3 25 | $36.6M | $199.1M | ||
| Q2 25 | $-2.8M | $200.8M | ||
| Q1 25 | $31.5M | $156.9M | ||
| Q4 24 | $45.9M | $63.9M | ||
| Q3 24 | $39.0M | $51.9M | ||
| Q2 24 | $55.8M | $90.0M | ||
| Q1 24 | $48.5M | $72.3M |
自由现金流BHESANM
| Q4 25 | $48.2M | $91.9M | ||
| Q3 25 | $25.8M | $136.6M | ||
| Q2 25 | $-13.8M | $163.7M | ||
| Q1 25 | $28.1M | $126.1M | ||
| Q4 24 | $37.2M | $46.9M | ||
| Q3 24 | $29.2M | $27.2M | ||
| Q2 24 | $48.2M | $67.2M | ||
| Q1 24 | $43.3M | $42.7M |
自由现金流率BHESANM
| Q4 25 | 6.6% | 2.9% | ||
| Q3 25 | 3.7% | 6.5% | ||
| Q2 25 | -2.1% | 8.0% | ||
| Q1 25 | 4.3% | 6.4% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 4.3% | 1.4% | ||
| Q2 24 | 7.0% | 3.7% | ||
| Q1 24 | 6.1% | 2.3% |
资本支出强度BHESANM
| Q4 25 | 1.4% | 2.7% | ||
| Q3 25 | 1.5% | 3.0% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | 1.3% | 0.9% | ||
| Q3 24 | 1.4% | 1.2% | ||
| Q2 24 | 1.1% | 1.2% | ||
| Q1 24 | 0.7% | 1.6% |
现金转化率BHESANM
| Q4 25 | — | 3.63× | ||
| Q3 25 | 2.57× | 4.14× | ||
| Q2 25 | -2.90× | 2.93× | ||
| Q1 25 | 8.65× | 2.44× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | 2.54× | 0.85× | ||
| Q2 24 | 3.59× | 1.74× | ||
| Q1 24 | 3.46× | 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
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
