vs
楷登电子（CDNS）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是楷登电子的1.3倍（$1.7B vs $1.3B），楷登电子净利率更高（22.8% vs -2.8%，领先25.6%），北极星同比增速更快（8.0% vs -16.1%），楷登电子自由现金流更多（$464.0M vs $-342.5M），过去两年楷登电子的营收复合增速更高（9.6% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
CDNS vs PII — 直观对比
营收规模更大
PII
是对方的1.3倍
$1.3B
营收增速更快
PII
高出24.1%
-16.1%
净利率更高
CDNS
高出25.6%
-2.8%
自由现金流更多
CDNS
多$806.5M
$-342.5M
两年增速更快
CDNS
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $335.7M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 29.3% | — |
| 净利率 | 22.8% | -2.8% |
| 营收同比 | -16.1% | 8.0% |
| 净利润同比 | 22.7% | 29.2% |
| 每股收益（稀释后） | $1.00 | $-0.83 |
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CDNSPII
| Q1 26 | $1.3B | $1.7B | ||
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.1B | $2.0B |
净利润CDNSPII
| Q1 26 | $335.7M | $-47.2M | ||
| Q4 25 | $388.1M | $-303.6M | ||
| Q3 25 | $287.1M | $-15.8M | ||
| Q2 25 | $160.1M | $-79.3M | ||
| Q1 25 | $273.6M | $-66.8M | ||
| Q4 24 | $340.2M | $10.6M | ||
| Q3 24 | $238.1M | $27.7M | ||
| Q2 24 | $229.5M | $68.7M |
毛利率CDNSPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率CDNSPII
| Q1 26 | 29.3% | — | ||
| Q4 25 | 32.2% | -16.7% | ||
| Q3 25 | 31.8% | 1.1% | ||
| Q2 25 | 19.0% | -0.7% | ||
| Q1 25 | 29.1% | -2.4% | ||
| Q4 24 | 33.7% | 3.7% | ||
| Q3 24 | 28.8% | 3.8% | ||
| Q2 24 | 27.7% | 6.1% |
净利率CDNSPII
| Q1 26 | 22.8% | -2.8% | ||
| Q4 25 | 27.0% | -15.8% | ||
| Q3 25 | 21.4% | -0.9% | ||
| Q2 25 | 12.5% | -4.3% | ||
| Q1 25 | 22.0% | -4.3% | ||
| Q4 24 | 25.1% | 0.6% | ||
| Q3 24 | 19.6% | 1.6% | ||
| Q2 24 | 21.6% | 3.5% |
每股收益（稀释后）CDNSPII
| Q1 26 | $1.00 | $-0.83 | ||
| Q4 25 | $1.42 | $-5.34 | ||
| Q3 25 | $1.05 | $-0.28 | ||
| Q2 25 | $0.59 | $-1.39 | ||
| Q1 25 | $1.00 | $-1.17 | ||
| Q4 24 | $1.23 | $0.18 | ||
| Q3 24 | $0.87 | $0.49 | ||
| Q2 24 | $0.84 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $6.6B | $750.4M |
| 总资产 | $12.1B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资CDNSPII
| Q1 26 | $2.8B | $282.0M | ||
| Q4 25 | $3.2B | $138.0M | ||
| Q3 25 | $2.8B | $335.5M | ||
| Q2 25 | $2.8B | $324.3M | ||
| Q1 25 | $2.8B | $291.7M | ||
| Q4 24 | $2.8B | $287.8M | ||
| Q3 24 | $2.8B | $291.3M | ||
| Q2 24 | $1.1B | $322.7M |
总债务CDNSPII
| Q1 26 | $2.5B | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益CDNSPII
| Q1 26 | $6.6B | $750.4M | ||
| Q4 25 | $5.5B | $828.4M | ||
| Q3 25 | $5.2B | $1.1B | ||
| Q2 25 | $5.0B | $1.2B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $4.3B | $1.3B |
总资产CDNSPII
| Q1 26 | $12.1B | $5.2B | ||
| Q4 25 | $10.2B | $4.9B | ||
| Q3 25 | $9.6B | $5.3B | ||
| Q2 25 | $9.5B | $5.4B | ||
| Q1 25 | $9.0B | $5.5B | ||
| Q4 24 | $9.0B | $5.5B | ||
| Q3 24 | $9.2B | $5.6B | ||
| Q2 24 | $7.2B | $5.7B |
负债/权益比CDNSPII
| Q1 26 | 0.38× | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $464.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | 36.4% | -20.6% |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 1.06× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $168.0M |
8季度趋势，按日历期对齐
经营现金流CDNSPII
| Q1 26 | $355.8M | — | ||
| Q4 25 | $553.5M | $178.7M | ||
| Q3 25 | $310.7M | $158.8M | ||
| Q2 25 | $377.6M | $320.3M | ||
| Q1 25 | $487.0M | $83.2M | ||
| Q4 24 | $441.4M | $206.3M | ||
| Q3 24 | $410.0M | $21.0M | ||
| Q2 24 | $156.0M | $146.3M |
自由现金流CDNSPII
| Q1 26 | $464.0M | $-342.5M | ||
| Q4 25 | $512.5M | $114.0M | ||
| Q3 25 | $277.0M | $116.7M | ||
| Q2 25 | $333.5M | $279.8M | ||
| Q1 25 | $464.0M | $47.6M | ||
| Q4 24 | $404.2M | $137.3M | ||
| Q3 24 | $383.5M | $-32.4M | ||
| Q2 24 | $126.8M | $79.1M |
自由现金流率CDNSPII
| Q1 26 | 36.4% | -20.6% | ||
| Q4 25 | 35.6% | 5.9% | ||
| Q3 25 | 20.7% | 6.3% | ||
| Q2 25 | 26.1% | 15.1% | ||
| Q1 25 | 37.3% | 3.1% | ||
| Q4 24 | 29.8% | 7.8% | ||
| Q3 24 | 31.5% | -1.9% | ||
| Q2 24 | 12.0% | 4.0% |
资本支出强度CDNSPII
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.8% | 3.4% | ||
| Q3 25 | 2.5% | 2.3% | ||
| Q2 25 | 3.5% | 2.2% | ||
| Q1 25 | 1.9% | 2.3% | ||
| Q4 24 | 2.7% | 3.9% | ||
| Q3 24 | 2.2% | 3.1% | ||
| Q2 24 | 2.8% | 3.4% |
现金转化率CDNSPII
| Q1 26 | 1.06× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 2.36× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.30× | 19.46× | ||
| Q3 24 | 1.72× | 0.76× | ||
| Q2 24 | 0.68× | 2.13× |
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% |
PII
暂无分部数据
