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楷登电子（CDNS）与通用电气医疗（OPCH）财务数据对比。点击上方公司名可切换其他公司
通用电气医疗的季度营收约是楷登电子的1.1倍（$1.4B vs $1.3B），楷登电子净利率更高（22.8% vs 3.6%，领先19.2%），通用电气医疗同比增速更快（12.2% vs -16.1%），楷登电子自由现金流更多（$464.0M vs $130.2M），过去两年通用电气医疗的营收复合增速更高（13.0% vs 9.6%）
楷登电子是总部位于美国加利福尼亚州圣何塞的跨国科技与计算软件企业，最初主打半导体行业电子设计自动化（EDA）软件，目前业务覆盖集成电路、片上系统、印刷电路板、药品研发等领域的设计软硬件开发，同时向电子、航空航天、国防等行业授权知识产权。
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、磁共振、女性健康筛查及X线设备）、超声、患者护理解决方案（覆盖远程患者监测、麻醉呼吸护理、心脏病诊断、婴儿护理等）及制药相关业务。
CDNS vs OPCH — 直观对比
营收规模更大
OPCH
是对方的1.1倍
$1.3B
营收增速更快
OPCH
高出28.4%
-16.1%
净利率更高
CDNS
高出19.2%
3.6%
自由现金流更多
CDNS
多$333.8M
$130.2M
两年增速更快
OPCH
近两年复合增速
9.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $335.7M | $51.8M |
| 毛利率 | — | 19.0% |
| 营业利润率 | 29.3% | 5.9% |
| 净利率 | 22.8% | 3.6% |
| 营收同比 | -16.1% | 12.2% |
| 净利润同比 | 22.7% | -3.8% |
| 每股收益（稀释后） | $1.00 | $0.32 |
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CDNSOPCH
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
净利润CDNSOPCH
| Q1 26 | $335.7M | — | ||
| Q4 25 | $388.1M | — | ||
| Q3 25 | $287.1M | $51.8M | ||
| Q2 25 | $160.1M | $50.5M | ||
| Q1 25 | $273.6M | $46.7M | ||
| Q4 24 | $340.2M | $60.1M | ||
| Q3 24 | $238.1M | $53.9M | ||
| Q2 24 | $229.5M | $53.0M |
毛利率CDNSOPCH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.7% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 20.3% |
营业利润率CDNSOPCH
| Q1 26 | 29.3% | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.8% | 5.9% | ||
| Q2 25 | 19.0% | 5.8% | ||
| Q1 25 | 29.1% | 5.9% | ||
| Q4 24 | 33.7% | 6.9% | ||
| Q3 24 | 28.8% | 6.7% | ||
| Q2 24 | 27.7% | 6.6% |
净利率CDNSOPCH
| Q1 26 | 22.8% | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 21.4% | 3.6% | ||
| Q2 25 | 12.5% | 3.6% | ||
| Q1 25 | 22.0% | 3.5% | ||
| Q4 24 | 25.1% | 4.8% | ||
| Q3 24 | 19.6% | 4.2% | ||
| Q2 24 | 21.6% | 4.3% |
每股收益（稀释后）CDNSOPCH
| Q1 26 | $1.00 | — | ||
| Q4 25 | $1.42 | — | ||
| Q3 25 | $1.05 | $0.32 | ||
| Q2 25 | $0.59 | $0.31 | ||
| Q1 25 | $1.00 | $0.28 | ||
| Q4 24 | $1.23 | $0.36 | ||
| Q3 24 | $0.87 | $0.31 | ||
| Q2 24 | $0.84 | $0.30 |
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 | $2.8B | $309.8M |
| 总债务越低越好 | $2.5B | $1.2B |
| 股东权益账面价值 | $6.6B | $1.4B |
| 总资产 | $12.1B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资CDNSOPCH
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.8B | $309.8M | ||
| Q2 25 | $2.8B | $198.8M | ||
| Q1 25 | $2.8B | $171.4M | ||
| Q4 24 | $2.8B | $412.6M | ||
| Q3 24 | $2.8B | $483.0M | ||
| Q2 24 | $1.1B | $376.9M |
总债务CDNSOPCH
| Q1 26 | $2.5B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
股东权益CDNSOPCH
| Q1 26 | $6.6B | — | ||
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.2B | $1.4B | ||
| Q2 25 | $5.0B | $1.4B | ||
| Q1 25 | $4.8B | $1.4B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.3B | $1.4B |
总资产CDNSOPCH
| Q1 26 | $12.1B | — | ||
| Q4 25 | $10.2B | — | ||
| Q3 25 | $9.6B | $3.5B | ||
| Q2 25 | $9.5B | $3.4B | ||
| Q1 25 | $9.0B | $3.3B | ||
| Q4 24 | $9.0B | $3.4B | ||
| Q3 24 | $9.2B | $3.4B | ||
| Q2 24 | $7.2B | $3.3B |
负债/权益比CDNSOPCH
| Q1 26 | 0.38× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.79× |
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 | $355.8M | $139.4M |
| 自由现金流经营现金流 - 资本支出 | $464.0M | $130.2M |
| 自由现金流率自由现金流/营收 | 36.4% | 9.1% |
| 资本支出强度资本支出/营收 | 5.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.06× | 2.69× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $220.7M |
8季度趋势，按日历期对齐
经营现金流CDNSOPCH
| Q1 26 | $355.8M | — | ||
| Q4 25 | $553.5M | — | ||
| Q3 25 | $310.7M | $139.4M | ||
| Q2 25 | $377.6M | $90.3M | ||
| Q1 25 | $487.0M | $-7.2M | ||
| Q4 24 | $441.4M | $36.1M | ||
| Q3 24 | $410.0M | $160.4M | ||
| Q2 24 | $156.0M | $195.7M |
自由现金流CDNSOPCH
| Q1 26 | $464.0M | — | ||
| Q4 25 | $512.5M | — | ||
| Q3 25 | $277.0M | $130.2M | ||
| Q2 25 | $333.5M | $81.2M | ||
| Q1 25 | $464.0M | $-16.6M | ||
| Q4 24 | $404.2M | $25.8M | ||
| Q3 24 | $383.5M | $150.7M | ||
| Q2 24 | $126.8M | $185.9M |
自由现金流率CDNSOPCH
| Q1 26 | 36.4% | — | ||
| Q4 25 | 35.6% | — | ||
| Q3 25 | 20.7% | 9.1% | ||
| Q2 25 | 26.1% | 5.7% | ||
| Q1 25 | 37.3% | -1.2% | ||
| Q4 24 | 29.8% | 2.0% | ||
| Q3 24 | 31.5% | 11.8% | ||
| Q2 24 | 12.0% | 15.1% |
资本支出强度CDNSOPCH
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | 2.5% | 0.6% | ||
| Q2 25 | 3.5% | 0.6% | ||
| Q1 25 | 1.9% | 0.7% | ||
| Q4 24 | 2.7% | 0.8% | ||
| Q3 24 | 2.2% | 0.8% | ||
| Q2 24 | 2.8% | 0.8% |
现金转化率CDNSOPCH
| Q1 26 | 1.06× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.08× | 2.69× | ||
| Q2 25 | 2.36× | 1.79× | ||
| Q1 25 | 1.78× | -0.15× | ||
| Q4 24 | 1.30× | 0.60× | ||
| Q3 24 | 1.72× | 2.98× | ||
| Q2 24 | 0.68× | 3.69× |
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
CDNS
| Product and Maintenance | $1.1B | 87% |
| Services | $131.0M | 10% |
| Other | $33.0M | 3% |
OPCH
| Commercial Customer | $1.3B | 87% |
| Government Customer | $172.8M | 12% |
| Patient Customer | $10.1M | 1% |
| Corporate Joint Venture | $1.9M | 0% |
