vs
凌云逻辑（CRUS）与OSI SYSTEMS INC（OSIS）财务数据对比。点击上方公司名可切换其他公司
凌云逻辑的季度营收约是OSI SYSTEMS INC的1.3倍（$580.6M vs $464.1M），凌云逻辑净利率更高（24.2% vs 8.3%，领先15.8%），OSI SYSTEMS INC同比增速更快（10.5% vs 4.5%），凌云逻辑自由现金流更多（$285.7M vs $55.5M），过去两年凌云逻辑的营收复合增速更高（25.0% vs 7.0%）
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。
OSI系统公司是总部位于美国加利福尼亚州的企业，主营安全检测系统、医疗设备及光电器件三大业务板块，产品涵盖机场安检X光机、金属探测器、医疗监护与麻醉系统等，旗下拥有Spacelabs Healthcare、Rapiscan Systems、OSI Optoelectronics等子公司，全球员工规模约3180人。
CRUS vs OSIS — 直观对比
营收规模更大
CRUS
是对方的1.3倍
$464.1M
营收增速更快
OSIS
高出6.1%
4.5%
净利率更高
CRUS
高出15.8%
8.3%
自由现金流更多
CRUS
多$230.2M
$55.5M
两年增速更快
CRUS
近两年复合增速
7.0%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $580.6M | $464.1M |
| 净利润 | $140.3M | $38.7M |
| 毛利率 | 53.1% | 32.7% |
| 营业利润率 | 26.3% | 12.7% |
| 净利率 | 24.2% | 8.3% |
| 营收同比 | 4.5% | 10.5% |
| 净利润同比 | 21.0% | 2.3% |
| 每股收益（稀释后） | $2.66 | $2.22 |
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CRUSOSIS
| Q4 25 | $580.6M | $464.1M | ||
| Q3 25 | $561.0M | $384.6M | ||
| Q2 25 | $407.3M | $505.0M | ||
| Q1 25 | $424.5M | $444.4M | ||
| Q4 24 | $555.7M | $419.8M | ||
| Q3 24 | $541.9M | $344.0M | ||
| Q2 24 | $374.0M | $480.9M | ||
| Q1 24 | $371.8M | $405.4M |
净利润CRUSOSIS
| Q4 25 | $140.3M | $38.7M | ||
| Q3 25 | $131.6M | $20.6M | ||
| Q2 25 | $60.7M | $52.7M | ||
| Q1 25 | $71.3M | $41.1M | ||
| Q4 24 | $116.0M | $37.8M | ||
| Q3 24 | $102.1M | $17.9M | ||
| Q2 24 | $42.1M | $44.7M | ||
| Q1 24 | $44.8M | $34.0M |
毛利率CRUSOSIS
| Q4 25 | 53.1% | 32.7% | ||
| Q3 25 | 52.5% | 32.0% | ||
| Q2 25 | 52.6% | 33.3% | ||
| Q1 25 | 53.4% | 33.8% | ||
| Q4 24 | 53.6% | 35.1% | ||
| Q3 24 | 52.2% | 35.3% | ||
| Q2 24 | 50.5% | 32.1% | ||
| Q1 24 | 51.8% | 33.6% |
营业利润率CRUSOSIS
| Q4 25 | 26.3% | 12.7% | ||
| Q3 25 | 25.8% | 8.6% | ||
| Q2 25 | 17.8% | 14.5% | ||
| Q1 25 | 20.2% | 12.7% | ||
| Q4 24 | 26.2% | 13.8% | ||
| Q3 24 | 24.3% | 8.8% | ||
| Q2 24 | 12.5% | 13.1% | ||
| Q1 24 | 14.1% | 12.7% |
净利率CRUSOSIS
| Q4 25 | 24.2% | 8.3% | ||
| Q3 25 | 23.5% | 5.3% | ||
| Q2 25 | 14.9% | 10.4% | ||
| Q1 25 | 16.8% | 9.3% | ||
| Q4 24 | 20.9% | 9.0% | ||
| Q3 24 | 18.8% | 5.2% | ||
| Q2 24 | 11.3% | 9.3% | ||
| Q1 24 | 12.1% | 8.4% |
每股收益（稀释后）CRUSOSIS
| Q4 25 | $2.66 | $2.22 | ||
| Q3 25 | $2.48 | $1.18 | ||
| Q2 25 | $1.14 | $3.04 | ||
| Q1 25 | $1.30 | $2.40 | ||
| Q4 24 | $2.11 | $2.22 | ||
| Q3 24 | $1.83 | $1.05 | ||
| Q2 24 | $0.76 | $2.57 | ||
| Q1 24 | $0.78 | $1.95 |
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 | $336.7M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $2.1B | $845.5M |
| 总资产 | $2.5B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资CRUSOSIS
| Q4 25 | $778.1M | $336.7M | ||
| Q3 25 | $593.5M | $124.4M | ||
| Q2 25 | $548.9M | $106.4M | ||
| Q1 25 | $539.6M | $95.8M | ||
| Q4 24 | $526.4M | $101.6M | ||
| Q3 24 | $445.8M | $85.1M | ||
| Q2 24 | $491.4M | $95.4M | ||
| Q1 24 | $502.8M | $101.4M |
总债务CRUSOSIS
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $442.2M | ||
| Q2 25 | — | $471.6M | ||
| Q1 25 | — | $473.2M | ||
| Q4 24 | — | $474.8M | ||
| Q3 24 | — | $476.3M | ||
| Q2 24 | — | $137.6M | ||
| Q1 24 | — | — |
股东权益CRUSOSIS
| Q4 25 | $2.1B | $845.5M | ||
| Q3 25 | $2.0B | $946.0M | ||
| Q2 25 | $1.9B | $951.1M | ||
| Q1 25 | $1.9B | $879.3M | ||
| Q4 24 | $2.0B | $825.8M | ||
| Q3 24 | $1.9B | $786.5M | ||
| Q2 24 | $1.8B | $863.5M | ||
| Q1 24 | $1.8B | $813.4M |
总资产CRUSOSIS
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.4B | $2.1B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.2B | $1.8B |
负债/权益比CRUSOSIS
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | — |
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 | $62.2M |
| 自由现金流经营现金流 - 资本支出 | $285.7M | $55.5M |
| 自由现金流率自由现金流/营收 | 49.2% | 12.0% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.07× | 1.61× |
| 过去12个月自由现金流最近4个季度 | $614.5M | $137.2M |
8季度趋势，按日历期对齐
经营现金流CRUSOSIS
| Q4 25 | $290.8M | $62.2M | ||
| Q3 25 | $92.2M | $17.1M | ||
| Q2 25 | $116.1M | $562.0K | ||
| Q1 25 | $130.4M | $81.6M | ||
| Q4 24 | $218.6M | $52.5M | ||
| Q3 24 | $8.2M | $-37.2M | ||
| Q2 24 | $87.2M | $-29.0M | ||
| Q1 24 | $170.5M | $-52.1M |
自由现金流CRUSOSIS
| Q4 25 | $285.7M | $55.5M | ||
| Q3 25 | $88.3M | $10.1M | ||
| Q2 25 | $113.5M | $-5.6M | ||
| Q1 25 | $127.0M | $77.1M | ||
| Q4 24 | $211.9M | $47.1M | ||
| Q3 24 | $5.6M | $-44.9M | ||
| Q2 24 | $77.2M | $-37.5M | ||
| Q1 24 | $163.5M | $-57.0M |
自由现金流率CRUSOSIS
| Q4 25 | 49.2% | 12.0% | ||
| Q3 25 | 15.7% | 2.6% | ||
| Q2 25 | 27.9% | -1.1% | ||
| Q1 25 | 29.9% | 17.4% | ||
| Q4 24 | 38.1% | 11.2% | ||
| Q3 24 | 1.0% | -13.0% | ||
| Q2 24 | 20.6% | -7.8% | ||
| Q1 24 | 44.0% | -14.1% |
资本支出强度CRUSOSIS
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.6% | 1.2% | ||
| Q1 25 | 0.8% | 1.0% | ||
| Q4 24 | 1.2% | 1.3% | ||
| Q3 24 | 0.5% | 2.2% | ||
| Q2 24 | 2.7% | 1.8% | ||
| Q1 24 | 1.9% | 1.2% |
现金转化率CRUSOSIS
| Q4 25 | 2.07× | 1.61× | ||
| Q3 25 | 0.70× | 0.83× | ||
| Q2 25 | 1.91× | 0.01× | ||
| Q1 25 | 1.83× | 1.98× | ||
| Q4 24 | 1.88× | 1.39× | ||
| Q3 24 | 0.08× | -2.07× | ||
| Q2 24 | 2.07× | -0.65× | ||
| Q1 24 | 3.80× | -1.53× |
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% |
OSIS
| Security Division | $334.7M | 72% |
| Optoelectronics And Manufacturing Division | $92.8M | 20% |
| Healthcare Division | $36.5M | 8% |
