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凌云逻辑（CRUS）与美满电子科技（MRVL）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是凌云逻辑的3.6倍（$2.1B vs $580.6M）。美满电子科技净利率更高（91.7% vs 24.2%，领先67.5%）。美满电子科技同比增速更快（36.8% vs 4.5%）。美满电子科技自由现金流更多（$508.8M vs $285.7M）。过去两年凌云逻辑的营收复合增速更高（25.0% vs 20.6%）
凌云逻辑（Cirrus Logic）是美国无晶圆厂半导体供应商，专注于模拟、混合信号及音频数字信号处理集成电路的研发与供应，1998年起总部设立于得克萨斯州奥斯汀市，产品广泛应用于消费电子、智能音频等多个领域。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
CRUS vs MRVL — 直观对比
营收规模更大
MRVL
是对方的3.6倍
$580.6M
营收增速更快
MRVL
高出32.4%
4.5%
净利率更高
MRVL
高出67.5%
24.2%
自由现金流更多
MRVL
多$223.1M
$285.7M
两年增速更快
CRUS
近两年复合增速
20.6%
损益表 — Q3 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $580.6M | $2.1B |
| 净利润 | $140.3M | $1.9B |
| 毛利率 | 53.1% | 51.6% |
| 营业利润率 | 26.3% | 17.2% |
| 净利率 | 24.2% | 91.7% |
| 营收同比 | 4.5% | 36.8% |
| 净利润同比 | 21.0% | 381.1% |
| 每股收益（稀释后） | $2.66 | $2.20 |
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CRUSMRVL
| Q4 25 | $580.6M | $2.1B | ||
| Q3 25 | $561.0M | $2.0B | ||
| Q2 25 | $407.3M | $1.9B | ||
| Q1 25 | $424.5M | $1.8B | ||
| Q4 24 | $555.7M | $1.5B | ||
| Q3 24 | $541.9M | $1.3B | ||
| Q2 24 | $374.0M | $1.2B | ||
| Q1 24 | $371.8M | $1.4B |
净利润CRUSMRVL
| Q4 25 | $140.3M | $1.9B | ||
| Q3 25 | $131.6M | $194.8M | ||
| Q2 25 | $60.7M | $177.9M | ||
| Q1 25 | $71.3M | $200.2M | ||
| Q4 24 | $116.0M | $-676.3M | ||
| Q3 24 | $102.1M | $-193.3M | ||
| Q2 24 | $42.1M | $-215.6M | ||
| Q1 24 | $44.8M | $-392.7M |
毛利率CRUSMRVL
| Q4 25 | 53.1% | 51.6% | ||
| Q3 25 | 52.5% | 50.4% | ||
| Q2 25 | 52.6% | 50.3% | ||
| Q1 25 | 53.4% | 50.5% | ||
| Q4 24 | 53.6% | 23.0% | ||
| Q3 24 | 52.2% | 46.2% | ||
| Q2 24 | 50.5% | 45.5% | ||
| Q1 24 | 51.8% | 46.6% |
营业利润率CRUSMRVL
| Q4 25 | 26.3% | 17.2% | ||
| Q3 25 | 25.8% | 14.5% | ||
| Q2 25 | 17.8% | 14.3% | ||
| Q1 25 | 20.2% | 12.9% | ||
| Q4 24 | 26.2% | -46.4% | ||
| Q3 24 | 24.3% | -7.9% | ||
| Q2 24 | 12.5% | -13.1% | ||
| Q1 24 | 14.1% | -2.3% |
净利率CRUSMRVL
| Q4 25 | 24.2% | 91.7% | ||
| Q3 25 | 23.5% | 9.7% | ||
| Q2 25 | 14.9% | 9.4% | ||
| Q1 25 | 16.8% | 11.0% | ||
| Q4 24 | 20.9% | -44.6% | ||
| Q3 24 | 18.8% | -15.2% | ||
| Q2 24 | 11.3% | -18.6% | ||
| Q1 24 | 12.1% | -27.5% |
每股收益（稀释后）CRUSMRVL
| Q4 25 | $2.66 | $2.20 | ||
| Q3 25 | $2.48 | $0.22 | ||
| Q2 25 | $1.14 | $0.20 | ||
| Q1 25 | $1.30 | $0.23 | ||
| Q4 24 | $2.11 | $-0.78 | ||
| Q3 24 | $1.83 | $-0.22 | ||
| Q2 24 | $0.76 | $-0.25 | ||
| Q1 24 | $0.78 | $-0.45 |
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 | $778.1M | $2.7B |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $2.1B | $14.1B |
| 总资产 | $2.5B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资CRUSMRVL
| Q4 25 | $778.1M | $2.7B | ||
| Q3 25 | $593.5M | $1.2B | ||
| Q2 25 | $548.9M | $885.9M | ||
| Q1 25 | $539.6M | $948.3M | ||
| Q4 24 | $526.4M | $868.1M | ||
| Q3 24 | $445.8M | $808.7M | ||
| Q2 24 | $491.4M | $847.7M | ||
| Q1 24 | $502.8M | $950.8M |
总债务CRUSMRVL
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.2B |
股东权益CRUSMRVL
| Q4 25 | $2.1B | $14.1B | ||
| Q3 25 | $2.0B | $13.4B | ||
| Q2 25 | $1.9B | $13.3B | ||
| Q1 25 | $1.9B | $13.4B | ||
| Q4 24 | $2.0B | $13.4B | ||
| Q3 24 | $1.9B | $14.2B | ||
| Q2 24 | $1.8B | $14.5B | ||
| Q1 24 | $1.8B | $14.8B |
总资产CRUSMRVL
| Q4 25 | $2.5B | $21.6B | ||
| Q3 25 | $2.4B | $20.6B | ||
| Q2 25 | $2.3B | $20.0B | ||
| Q1 25 | $2.3B | $20.2B | ||
| Q4 24 | $2.4B | $19.7B | ||
| Q3 24 | $2.4B | $20.3B | ||
| Q2 24 | $2.3B | $20.5B | ||
| Q1 24 | $2.2B | $21.2B |
负债/权益比CRUSMRVL
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.28× |
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 | $290.8M | $582.3M |
| 自由现金流经营现金流 - 资本支出 | $285.7M | $508.8M |
| 自由现金流率自由现金流/营收 | 49.2% | 24.5% |
| 资本支出强度资本支出/营收 | 0.9% | 3.5% |
| 现金转化率经营现金流/净利润 | 2.07× | 0.31× |
| 过去12个月自由现金流最近4个季度 | $614.5M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CRUSMRVL
| Q4 25 | $290.8M | $582.3M | ||
| Q3 25 | $92.2M | $461.6M | ||
| Q2 25 | $116.1M | $332.9M | ||
| Q1 25 | $130.4M | $514.0M | ||
| Q4 24 | $218.6M | $536.3M | ||
| Q3 24 | $8.2M | $306.4M | ||
| Q2 24 | $87.2M | $324.5M | ||
| Q1 24 | $170.5M | $546.6M |
自由现金流CRUSMRVL
| Q4 25 | $285.7M | $508.8M | ||
| Q3 25 | $88.3M | $414.1M | ||
| Q2 25 | $113.5M | $214.1M | ||
| Q1 25 | $127.0M | $444.1M | ||
| Q4 24 | $211.9M | $461.3M | ||
| Q3 24 | $5.6M | $258.2M | ||
| Q2 24 | $77.2M | $233.0M | ||
| Q1 24 | $163.5M | $475.6M |
自由现金流率CRUSMRVL
| Q4 25 | 49.2% | 24.5% | ||
| Q3 25 | 15.7% | 20.6% | ||
| Q2 25 | 27.9% | 11.3% | ||
| Q1 25 | 29.9% | 24.4% | ||
| Q4 24 | 38.1% | 30.4% | ||
| Q3 24 | 1.0% | 20.3% | ||
| Q2 24 | 20.6% | 20.1% | ||
| Q1 24 | 44.0% | 33.3% |
资本支出强度CRUSMRVL
| Q4 25 | 0.9% | 3.5% | ||
| Q3 25 | 0.7% | 2.4% | ||
| Q2 25 | 0.6% | 6.3% | ||
| Q1 25 | 0.8% | 3.8% | ||
| Q4 24 | 1.2% | 4.9% | ||
| Q3 24 | 0.5% | 3.8% | ||
| Q2 24 | 2.7% | 7.9% | ||
| Q1 24 | 1.9% | 5.0% |
现金转化率CRUSMRVL
| Q4 25 | 2.07× | 0.31× | ||
| Q3 25 | 0.70× | 2.37× | ||
| Q2 25 | 1.91× | 1.87× | ||
| Q1 25 | 1.83× | 2.57× | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 3.80× | — |
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
CRUS
| Audio Products Segment | $344.5M | 59% |
| High Performance Mixed Signal Products | $236.2M | 41% |
MRVL
暂无分部数据
