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BENCHMARK ELECTRONICS INC（BHE）与TTM TECHNOLOGIES INC（TTMI）财务数据对比。点击上方公司名可切换其他公司
TTM TECHNOLOGIES INC的季度营收约是BENCHMARK ELECTRONICS INC的1.1倍（$774.3M vs $725.8M）。TTM TECHNOLOGIES INC同比增速更快（18.9% vs 6.2%）。BENCHMARK ELECTRONICS INC自由现金流更多（$48.2M vs $-6.5M）。过去两年TTM TECHNOLOGIES INC的营收复合增速更高（16.7% 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。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
BHE vs TTMI — 直观对比
营收规模更大
TTMI
是对方的1.1倍
$725.8M
营收增速更快
TTMI
高出12.8%
6.2%
自由现金流更多
BHE
多$54.7M
$-6.5M
两年增速更快
TTMI
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $725.8M | $774.3M |
| 净利润 | — | $50.7M |
| 毛利率 | 10.2% | 21.4% |
| 营业利润率 | 2.8% | 10.4% |
| 净利率 | — | 6.5% |
| 营收同比 | 6.2% | 18.9% |
| 净利润同比 | — | 880.4% |
| 每股收益（稀释后） | $0.16 | $0.47 |
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BHETTMI
| Q4 25 | $725.8M | $774.3M | ||
| Q3 25 | $702.6M | $752.7M | ||
| Q2 25 | $665.7M | $730.6M | ||
| Q1 25 | $654.6M | $648.7M | ||
| Q4 24 | $683.6M | $651.0M | ||
| Q3 24 | $680.0M | $616.5M | ||
| Q2 24 | $686.7M | $570.1M | ||
| Q1 24 | $710.6M | $569.0M |
净利润BHETTMI
| Q4 25 | — | $50.7M | ||
| Q3 25 | $14.3M | $53.1M | ||
| Q2 25 | $972.0K | $41.5M | ||
| Q1 25 | $3.6M | $32.2M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $15.4M | $14.3M | ||
| Q2 24 | $15.5M | $10.5M | ||
| Q1 24 | $14.0M | $17.3M |
毛利率BHETTMI
| Q4 25 | 10.2% | 21.4% | ||
| Q3 25 | 9.7% | 20.8% | ||
| Q2 25 | 9.7% | 20.3% | ||
| Q1 25 | 9.7% | 20.2% | ||
| Q4 24 | 9.9% | 19.4% | ||
| Q3 24 | 9.8% | 21.1% | ||
| Q2 24 | 9.9% | 18.2% | ||
| Q1 24 | 9.5% | 20.3% |
营业利润率BHETTMI
| Q4 25 | 2.8% | 10.4% | ||
| Q3 25 | 3.4% | 9.6% | ||
| Q2 25 | 3.1% | 8.5% | ||
| Q1 25 | 1.8% | 7.7% | ||
| Q4 24 | 4.2% | 1.4% | ||
| Q3 24 | 4.1% | 8.3% | ||
| Q2 24 | 4.0% | 3.0% | ||
| Q1 24 | 3.6% | 6.1% |
净利率BHETTMI
| Q4 25 | — | 6.5% | ||
| Q3 25 | 2.0% | 7.0% | ||
| Q2 25 | 0.1% | 5.7% | ||
| Q1 25 | 0.6% | 5.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 2.3% | 2.3% | ||
| Q2 24 | 2.3% | 1.8% | ||
| Q1 24 | 2.0% | 3.0% |
每股收益（稀释后）BHETTMI
| Q4 25 | $0.16 | $0.47 | ||
| Q3 25 | $0.39 | $0.50 | ||
| Q2 25 | $0.03 | $0.40 | ||
| Q1 25 | $0.10 | $0.31 | ||
| Q4 24 | $0.43 | $0.05 | ||
| Q3 24 | $0.42 | $0.14 | ||
| Q2 24 | $0.43 | $0.10 | ||
| Q1 24 | $0.38 | $0.17 |
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 | $501.2M |
| 总债务越低越好 | $206.8M | $916.2M |
| 股东权益账面价值 | $1.1B | $1.8B |
| 总资产 | $2.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资BHETTMI
| Q4 25 | $322.1M | $501.2M | ||
| Q3 25 | $285.4M | $491.1M | ||
| Q2 25 | $264.6M | $448.0M | ||
| Q1 25 | $355.3M | $411.3M | ||
| Q4 24 | $315.2M | $503.9M | ||
| Q3 24 | $324.4M | $469.5M | ||
| Q2 24 | $309.3M | $440.4M | ||
| Q1 24 | $296.1M | $450.2M |
总债务BHETTMI
| Q4 25 | $206.8M | $916.2M | ||
| Q3 25 | $212.6M | $916.6M | ||
| Q2 25 | $203.4M | $917.1M | ||
| Q1 25 | $268.9M | $917.6M | ||
| Q4 24 | $250.5M | $914.4M | ||
| Q3 24 | $272.0M | $912.8M | ||
| Q2 24 | $283.6M | $913.9M | ||
| Q1 24 | $310.1M | $914.3M |
股东权益BHETTMI
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
总资产BHETTMI
| Q4 25 | $2.1B | $3.8B | ||
| Q3 25 | $2.1B | $3.7B | ||
| Q2 25 | $2.0B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | $3.5B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.2B | $3.3B | ||
| Q1 24 | $2.2B | $3.3B |
负债/权益比BHETTMI
| Q4 25 | 0.19× | 0.52× | ||
| Q3 25 | 0.19× | 0.54× | ||
| Q2 25 | 0.18× | 0.56× | ||
| Q1 25 | 0.24× | 0.58× | ||
| Q4 24 | 0.23× | 0.58× | ||
| Q3 24 | 0.25× | 0.59× | ||
| Q2 24 | 0.26× | 0.60× | ||
| Q1 24 | 0.29× | 0.61× |
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 | $62.9M |
| 自由现金流经营现金流 - 资本支出 | $48.2M | $-6.5M |
| 自由现金流率自由现金流/营收 | 6.6% | -0.8% |
| 资本支出强度资本支出/营收 | 1.4% | 9.0% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $88.4M | $-683.0K |
8季度趋势，按日历期对齐
经营现金流BHETTMI
| Q4 25 | $58.7M | $62.9M | ||
| Q3 25 | $36.6M | $141.8M | ||
| Q2 25 | $-2.8M | $97.8M | ||
| Q1 25 | $31.5M | $-10.7M | ||
| Q4 24 | $45.9M | — | ||
| Q3 24 | $39.0M | $65.1M | ||
| Q2 24 | $55.8M | $43.9M | ||
| Q1 24 | $48.5M | $47.5M |
自由现金流BHETTMI
| Q4 25 | $48.2M | $-6.5M | ||
| Q3 25 | $25.8M | $42.4M | ||
| Q2 25 | $-13.8M | $37.4M | ||
| Q1 25 | $28.1M | $-74.0M | ||
| Q4 24 | $37.2M | — | ||
| Q3 24 | $29.2M | $24.2M | ||
| Q2 24 | $48.2M | $-5.4M | ||
| Q1 24 | $43.3M | $1.4M |
自由现金流率BHETTMI
| Q4 25 | 6.6% | -0.8% | ||
| Q3 25 | 3.7% | 5.6% | ||
| Q2 25 | -2.1% | 5.1% | ||
| Q1 25 | 4.3% | -11.4% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 4.3% | 3.9% | ||
| Q2 24 | 7.0% | -1.0% | ||
| Q1 24 | 6.1% | 0.2% |
资本支出强度BHETTMI
| Q4 25 | 1.4% | 9.0% | ||
| Q3 25 | 1.5% | 13.2% | ||
| Q2 25 | 1.7% | 8.3% | ||
| Q1 25 | 0.5% | 9.8% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.4% | 6.6% | ||
| Q2 24 | 1.1% | 8.7% | ||
| Q1 24 | 0.7% | 8.1% |
现金转化率BHETTMI
| Q4 25 | — | 1.24× | ||
| Q3 25 | 2.57× | 2.67× | ||
| Q2 25 | -2.90× | 2.36× | ||
| Q1 25 | 8.65× | -0.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.54× | 4.55× | ||
| Q2 24 | 3.59× | 4.19× | ||
| Q1 24 | 3.46× | 2.74× |
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% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
