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英特格（ENTG）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是英特格的1.8倍（$1.5B vs $823.9M），英特格净利率更高（6.0% vs 4.7%，领先1.3%），斑马技术同比增速更快（10.6% vs -3.1%），斑马技术自由现金流更多（$327.0M vs $134.0M），过去两年斑马技术的营收复合增速更高（12.0% vs 3.4%）
英特格是面向半导体及其他高科技行业的材料供应商，全球员工约8000人，总部位于美国马萨诸塞州比勒里卡。公司在全球多国及地区布局生产、客户服务与研发设施，覆盖美国、加拿大、中国、德国、以色列、日本、马来西亚、新加坡、韩国、中国台湾等地。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
ENTG vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的1.8倍
$823.9M
营收增速更快
ZBRA
高出13.6%
-3.1%
净利率更高
ENTG
高出1.3%
4.7%
自由现金流更多
ZBRA
多$193.0M
$134.0M
两年增速更快
ZBRA
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $823.9M | $1.5B |
| 净利润 | $49.4M | $70.0M |
| 毛利率 | 43.8% | 47.3% |
| 营业利润率 | 12.7% | 9.4% |
| 净利率 | 6.0% | 4.7% |
| 营收同比 | -3.1% | 10.6% |
| 净利润同比 | -51.7% | -57.1% |
| 每股收益（稀释后） | $0.33 | $1.40 |
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ENTGZBRA
| Q4 25 | $823.9M | $1.5B | ||
| Q3 25 | $807.1M | $1.3B | ||
| Q2 25 | $792.4M | $1.3B | ||
| Q1 25 | $773.2M | $1.3B | ||
| Q4 24 | $849.8M | $1.3B | ||
| Q3 24 | $807.7M | $1.3B | ||
| Q2 24 | $812.7M | $1.2B | ||
| Q1 24 | $771.0M | $1.2B |
净利润ENTGZBRA
| Q4 25 | $49.4M | $70.0M | ||
| Q3 25 | $70.5M | $101.0M | ||
| Q2 25 | $52.8M | $112.0M | ||
| Q1 25 | $62.9M | $136.0M | ||
| Q4 24 | $102.2M | $163.0M | ||
| Q3 24 | $77.6M | $137.0M | ||
| Q2 24 | $67.7M | $113.0M | ||
| Q1 24 | $45.3M | $115.0M |
毛利率ENTGZBRA
| Q4 25 | 43.8% | 47.3% | ||
| Q3 25 | 43.5% | 48.0% | ||
| Q2 25 | 44.4% | 47.6% | ||
| Q1 25 | 46.1% | 49.3% | ||
| Q4 24 | 45.6% | 48.6% | ||
| Q3 24 | 46.0% | 48.8% | ||
| Q2 24 | 46.2% | 48.4% | ||
| Q1 24 | 45.6% | 47.9% |
营业利润率ENTGZBRA
| Q4 25 | 12.7% | 9.4% | ||
| Q3 25 | 15.2% | 13.9% | ||
| Q2 25 | 13.4% | 14.2% | ||
| Q1 25 | 15.8% | 14.9% | ||
| Q4 24 | 17.6% | 16.9% | ||
| Q3 24 | 16.9% | 15.2% | ||
| Q2 24 | 16.0% | 13.7% | ||
| Q1 24 | 15.3% | 13.5% |
净利率ENTGZBRA
| Q4 25 | 6.0% | 4.7% | ||
| Q3 25 | 8.7% | 7.7% | ||
| Q2 25 | 6.7% | 8.7% | ||
| Q1 25 | 8.1% | 10.4% | ||
| Q4 24 | 12.0% | 12.2% | ||
| Q3 24 | 9.6% | 10.9% | ||
| Q2 24 | 8.3% | 9.3% | ||
| Q1 24 | 5.9% | 9.8% |
每股收益（稀释后）ENTGZBRA
| Q4 25 | $0.33 | $1.40 | ||
| Q3 25 | $0.46 | $1.97 | ||
| Q2 25 | $0.35 | $2.19 | ||
| Q1 25 | $0.41 | $2.62 | ||
| Q4 24 | $0.67 | $3.14 | ||
| Q3 24 | $0.51 | $2.64 | ||
| Q2 24 | $0.45 | $2.17 | ||
| Q1 24 | $0.30 | $2.23 |
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 | $360.4M | $125.0M |
| 总债务越低越好 | $3.7B | — |
| 股东权益账面价值 | $4.0B | $3.6B |
| 总资产 | $8.4B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ENTGZBRA
| Q4 25 | $360.4M | $125.0M | ||
| Q3 25 | $399.8M | $1.1B | ||
| Q2 25 | $376.8M | $872.0M | ||
| Q1 25 | $340.9M | $879.0M | ||
| Q4 24 | $329.2M | $901.0M | ||
| Q3 24 | $432.1M | $676.0M | ||
| Q2 24 | $320.0M | $411.0M | ||
| Q1 24 | $340.7M | $127.0M |
总债务ENTGZBRA
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $4.0B | $2.2B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | $2.2B | ||
| Q2 24 | $4.1B | $2.2B | ||
| Q1 24 | $4.2B | $2.1B |
股东权益ENTGZBRA
| Q4 25 | $4.0B | $3.6B | ||
| Q3 25 | $3.9B | $3.7B | ||
| Q2 25 | $3.8B | $3.6B | ||
| Q1 25 | $3.7B | $3.6B | ||
| Q4 24 | $3.7B | $3.6B | ||
| Q3 24 | $3.6B | $3.4B | ||
| Q2 24 | $3.5B | $3.3B | ||
| Q1 24 | $3.4B | $3.2B |
总资产ENTGZBRA
| Q4 25 | $8.4B | $8.5B | ||
| Q3 25 | $8.4B | $8.1B | ||
| Q2 25 | $8.4B | $7.9B | ||
| Q1 25 | $8.4B | $7.9B | ||
| Q4 24 | $8.4B | $8.0B | ||
| Q3 24 | $8.5B | $7.7B | ||
| Q2 24 | $8.3B | $7.5B | ||
| Q1 24 | $8.4B | $7.3B |
负债/权益比ENTGZBRA
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.99× | 0.58× | ||
| Q2 25 | 1.05× | 0.60× | ||
| Q1 25 | 1.06× | 0.60× | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.15× | 0.64× | ||
| Q2 24 | 1.18× | 0.66× | ||
| Q1 24 | 1.22× | 0.66× |
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 | $192.0M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $134.0M | $327.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 22.2% |
| 资本支出强度资本支出/营收 | 7.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.89× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $396.2M | $831.0M |
8季度趋势，按日历期对齐
经营现金流ENTGZBRA
| Q4 25 | $192.0M | $357.0M | ||
| Q3 25 | $249.5M | $235.0M | ||
| Q2 25 | $113.5M | $147.0M | ||
| Q1 25 | $140.4M | $178.0M | ||
| Q4 24 | $176.1M | $306.0M | ||
| Q3 24 | $197.2M | $294.0M | ||
| Q2 24 | $111.2M | $288.0M | ||
| Q1 24 | $147.2M | $125.0M |
自由现金流ENTGZBRA
| Q4 25 | $134.0M | $327.0M | ||
| Q3 25 | $182.8M | $216.0M | ||
| Q2 25 | $47.0M | $130.0M | ||
| Q1 25 | $32.4M | $158.0M | ||
| Q4 24 | $68.6M | $288.0M | ||
| Q3 24 | $115.0M | $277.0M | ||
| Q2 24 | $51.9M | $278.0M | ||
| Q1 24 | $80.6M | $111.0M |
自由现金流率ENTGZBRA
| Q4 25 | 16.3% | 22.2% | ||
| Q3 25 | 22.6% | 16.4% | ||
| Q2 25 | 5.9% | 10.1% | ||
| Q1 25 | 4.2% | 12.1% | ||
| Q4 24 | 8.1% | 21.6% | ||
| Q3 24 | 14.2% | 22.1% | ||
| Q2 24 | 6.4% | 22.8% | ||
| Q1 24 | 10.4% | 9.4% |
资本支出强度ENTGZBRA
| Q4 25 | 7.0% | 2.0% | ||
| Q3 25 | 8.3% | 1.4% | ||
| Q2 25 | 8.4% | 1.3% | ||
| Q1 25 | 14.0% | 1.5% | ||
| Q4 24 | 12.7% | 1.3% | ||
| Q3 24 | 10.2% | 1.4% | ||
| Q2 24 | 7.3% | 0.8% | ||
| Q1 24 | 8.6% | 1.2% |
现金转化率ENTGZBRA
| Q4 25 | 3.89× | 5.10× | ||
| Q3 25 | 3.54× | 2.33× | ||
| Q2 25 | 2.15× | 1.31× | ||
| Q1 25 | 2.23× | 1.31× | ||
| Q4 24 | 1.72× | 1.88× | ||
| Q3 24 | 2.54× | 2.15× | ||
| Q2 24 | 1.64× | 2.55× | ||
| Q1 24 | 3.25× | 1.09× |
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
ENTG
| Fabs | $516.3M | 63% |
| Equipment And Engineering | $121.8M | 15% |
| Chemical And Materials | $83.8M | 10% |
| Other | $61.7M | 7% |
| Non Semi | $40.3M | 5% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
