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柯蒂斯-莱特（CW）与Monolithic Power Systems（MPWR）财务数据对比。点击上方公司名可切换其他公司
柯蒂斯-莱特的季度营收约是Monolithic Power Systems的1.3倍（$947.0M vs $751.2M），Monolithic Power Systems净利率更高（22.9% vs 14.5%，领先8.4%），Monolithic Power Systems同比增速更快（20.8% vs 14.9%），柯蒂斯-莱特自由现金流更多（$315.1M vs $63.9M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs 15.2%）
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
CW vs MPWR — 直观对比
营收规模更大
CW
是对方的1.3倍
$751.2M
营收增速更快
MPWR
高出5.9%
14.9%
净利率更高
MPWR
高出8.4%
14.5%
自由现金流更多
CW
多$251.2M
$63.9M
两年增速更快
MPWR
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $751.2M |
| 净利润 | $137.0M | $171.7M |
| 毛利率 | 37.5% | 55.2% |
| 营业利润率 | 19.2% | 26.6% |
| 净利率 | 14.5% | 22.9% |
| 营收同比 | 14.9% | 20.8% |
| 净利润同比 | 16.2% | -86.3% |
| 每股收益（稀释后） | $3.69 | $3.50 |
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CWMPWR
| Q4 25 | $947.0M | $751.2M | ||
| Q3 25 | $869.2M | $737.2M | ||
| Q2 25 | $876.6M | $664.6M | ||
| Q1 25 | $805.6M | $637.6M | ||
| Q4 24 | $824.3M | $621.7M | ||
| Q3 24 | $798.9M | $620.1M | ||
| Q2 24 | $784.8M | $507.4M | ||
| Q1 24 | $713.2M | $457.9M |
净利润CWMPWR
| Q4 25 | $137.0M | $171.7M | ||
| Q3 25 | $124.8M | $179.8M | ||
| Q2 25 | $121.1M | $135.0M | ||
| Q1 25 | $101.3M | $135.1M | ||
| Q4 24 | $117.9M | $1.3B | ||
| Q3 24 | $111.2M | $144.4M | ||
| Q2 24 | $99.5M | $100.4M | ||
| Q1 24 | $76.5M | $92.5M |
毛利率CWMPWR
| Q4 25 | 37.5% | 55.2% | ||
| Q3 25 | 37.7% | 55.1% | ||
| Q2 25 | 37.2% | 55.1% | ||
| Q1 25 | 36.3% | 55.4% | ||
| Q4 24 | 38.5% | 55.4% | ||
| Q3 24 | 37.3% | 55.4% | ||
| Q2 24 | 36.2% | 55.3% | ||
| Q1 24 | 35.6% | 55.1% |
营业利润率CWMPWR
| Q4 25 | 19.2% | 26.6% | ||
| Q3 25 | 19.1% | 26.5% | ||
| Q2 25 | 17.8% | 24.8% | ||
| Q1 25 | 16.0% | 26.5% | ||
| Q4 24 | 18.8% | 26.3% | ||
| Q3 24 | 18.1% | 26.5% | ||
| Q2 24 | 16.4% | 23.0% | ||
| Q1 24 | 14.0% | 20.9% |
净利率CWMPWR
| Q4 25 | 14.5% | 22.9% | ||
| Q3 25 | 14.4% | 24.4% | ||
| Q2 25 | 13.8% | 20.3% | ||
| Q1 25 | 12.6% | 21.2% | ||
| Q4 24 | 14.3% | 201.8% | ||
| Q3 24 | 13.9% | 23.3% | ||
| Q2 24 | 12.7% | 19.8% | ||
| Q1 24 | 10.7% | 20.2% |
每股收益（稀释后）CWMPWR
| Q4 25 | $3.69 | $3.50 | ||
| Q3 25 | $3.31 | $3.74 | ||
| Q2 25 | $3.19 | $2.81 | ||
| Q1 25 | $2.68 | $2.81 | ||
| Q4 24 | $3.09 | $25.71 | ||
| Q3 24 | $2.89 | $2.95 | ||
| Q2 24 | $2.58 | $2.05 | ||
| Q1 24 | $1.99 | $1.89 |
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 | — | $1.3B |
| 总债务越低越好 | $957.9M | — |
| 股东权益账面价值 | $2.5B | $3.5B |
| 总资产 | $5.2B | $4.2B |
| 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CWMPWR
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $226.5M | $1.0B | ||
| Q4 24 | $385.0M | $862.9M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $338.0M | $1.3B |
总债务CWMPWR
| Q4 25 | $957.9M | — | ||
| Q3 25 | $968.6M | — | ||
| Q2 25 | $958.4M | — | ||
| Q1 25 | $958.6M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
股东权益CWMPWR
| Q4 25 | $2.5B | $3.5B | ||
| Q3 25 | $2.5B | $3.4B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.6B | $3.1B | ||
| Q4 24 | $2.4B | $3.0B | ||
| Q3 24 | $2.5B | $2.4B | ||
| Q2 24 | $2.5B | $2.2B | ||
| Q1 24 | $2.4B | $2.1B |
总资产CWMPWR
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.1B | $4.1B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $5.0B | $3.7B | ||
| Q4 24 | $5.0B | $3.5B | ||
| Q3 24 | $4.9B | $2.9B | ||
| Q2 24 | $4.7B | $2.6B | ||
| Q1 24 | $4.6B | $2.6B |
负债/权益比CWMPWR
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.44× | — |
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 | $352.7M | $104.9M |
| 自由现金流经营现金流 - 资本支出 | $315.1M | $63.9M |
| 自由现金流率自由现金流/营收 | 33.3% | 8.5% |
| 资本支出强度资本支出/营收 | 4.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.57× | 0.61× |
| 过去12个月自由现金流最近4个季度 | $553.7M | $666.2M |
8季度趋势，按日历期对齐
经营现金流CWMPWR
| Q4 25 | $352.7M | $104.9M | ||
| Q3 25 | $192.8M | $239.3M | ||
| Q2 25 | $136.6M | $237.6M | ||
| Q1 25 | $-38.8M | $256.4M | ||
| Q4 24 | $301.3M | $167.7M | ||
| Q3 24 | $177.3M | $231.7M | ||
| Q2 24 | $111.3M | $141.0M | ||
| Q1 24 | $-45.6M | $248.1M |
自由现金流CWMPWR
| Q4 25 | $315.1M | $63.9M | ||
| Q3 25 | $175.9M | $196.8M | ||
| Q2 25 | $117.2M | $189.5M | ||
| Q1 25 | $-54.5M | $216.0M | ||
| Q4 24 | $278.0M | $102.9M | ||
| Q3 24 | $162.7M | $197.9M | ||
| Q2 24 | $100.3M | $109.5M | ||
| Q1 24 | $-57.7M | $232.1M |
自由现金流率CWMPWR
| Q4 25 | 33.3% | 8.5% | ||
| Q3 25 | 20.2% | 26.7% | ||
| Q2 25 | 13.4% | 28.5% | ||
| Q1 25 | -6.8% | 33.9% | ||
| Q4 24 | 33.7% | 16.5% | ||
| Q3 24 | 20.4% | 31.9% | ||
| Q2 24 | 12.8% | 21.6% | ||
| Q1 24 | -8.1% | 50.7% |
资本支出强度CWMPWR
| Q4 25 | 4.0% | 5.5% | ||
| Q3 25 | 1.9% | 5.8% | ||
| Q2 25 | 2.2% | 7.2% | ||
| Q1 25 | 2.0% | 6.3% | ||
| Q4 24 | 2.8% | 10.4% | ||
| Q3 24 | 1.8% | 5.5% | ||
| Q2 24 | 1.4% | 6.2% | ||
| Q1 24 | 1.7% | 3.5% |
现金转化率CWMPWR
| Q4 25 | 2.57× | 0.61× | ||
| Q3 25 | 1.54× | 1.33× | ||
| Q2 25 | 1.13× | 1.76× | ||
| Q1 25 | -0.38× | 1.90× | ||
| Q4 24 | 2.56× | 0.13× | ||
| Q3 24 | 1.59× | 1.60× | ||
| Q2 24 | 1.12× | 1.40× | ||
| Q1 24 | -0.60× | 2.68× |
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
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
MPWR
暂无分部数据
