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First American Financial Corp（FAF）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是思佳讯的2.0倍（$2.0B vs $1.0B），First American Financial Corp净利率更高（10.3% vs 7.6%，领先2.7%），First American Financial Corp同比增速更快（21.6% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $324.5M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs -0.5%）
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
FAF vs SWKS — 直观对比
营收规模更大
FAF
是对方的2.0倍
$1.0B
营收增速更快
FAF
高出13.0%
8.6%
净利率更高
FAF
高出2.7%
7.6%
自由现金流更多
SWKS
多$14.5M
$324.5M
两年增速更快
FAF
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $211.9M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 14.0% | 10.0% |
| 净利率 | 10.3% | 7.6% |
| 营收同比 | 21.6% | 8.6% |
| 净利润同比 | 192.7% | 15.3% |
| 每股收益（稀释后） | $2.04 | $0.53 |
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FAFSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | $965.0M | ||
| Q1 25 | $1.6B | $953.2M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.6B | $905.5M |
净利润FAFSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $211.9M | $141.4M | ||
| Q3 25 | $189.6M | — | ||
| Q2 25 | $146.1M | $105.0M | ||
| Q1 25 | $74.2M | $68.7M | ||
| Q4 24 | $72.4M | $162.0M | ||
| Q3 24 | $-104.0M | $60.5M | ||
| Q2 24 | $116.0M | $120.9M |
毛利率FAFSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率FAFSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 14.0% | 10.1% | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 10.6% | 11.5% | ||
| Q1 25 | 6.1% | 10.2% | ||
| Q4 24 | 5.9% | 16.9% | ||
| Q3 24 | -10.3% | 5.8% | ||
| Q2 24 | 9.4% | 14.4% |
净利率FAFSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 10.3% | 12.9% | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 7.9% | 10.9% | ||
| Q1 25 | 4.7% | 7.2% | ||
| Q4 24 | 4.3% | 15.2% | ||
| Q3 24 | -7.4% | 5.9% | ||
| Q2 24 | 7.2% | 13.4% |
每股收益（稀释后）FAFSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $2.04 | $0.95 | ||
| Q3 25 | $1.84 | — | ||
| Q2 25 | $1.41 | $0.70 | ||
| Q1 25 | $0.71 | $0.43 | ||
| Q4 24 | $0.70 | $1.00 | ||
| Q3 24 | $-1.00 | $0.36 | ||
| Q2 24 | $1.11 | $0.75 |
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 | $1.4B | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $5.5B | $5.8B |
| 总资产 | $16.2B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资FAFSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.3B |
总债务FAFSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益FAFSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $5.5B | $5.8B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.1B | $5.7B | ||
| Q1 25 | $5.0B | $5.9B | ||
| Q4 24 | $4.9B | $6.4B | ||
| Q3 24 | $5.1B | $6.3B | ||
| Q2 24 | $4.8B | $6.3B |
总资产FAFSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $16.2B | $7.9B | ||
| Q3 25 | $17.6B | — | ||
| Q2 25 | $16.3B | $7.7B | ||
| Q1 25 | $15.5B | $7.9B | ||
| Q4 24 | $14.9B | $8.3B | ||
| Q3 24 | $16.6B | $8.3B | ||
| Q2 24 | $15.2B | $8.2B |
负债/权益比FAFSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $369.3M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $324.5M | $339.0M |
| 自由现金流率自由现金流/营收 | 15.8% | 32.7% |
| 资本支出强度资本支出/营收 | 2.2% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.74× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $762.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流FAFSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $369.3M | $200.0M | ||
| Q3 25 | $272.5M | — | ||
| Q2 25 | $361.8M | $314.2M | ||
| Q1 25 | $-52.8M | $409.4M | ||
| Q4 24 | $324.6M | $377.2M | ||
| Q3 24 | $236.9M | $476.1M | ||
| Q2 24 | $266.7M | $273.4M |
自由现金流FAFSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $324.5M | $144.0M | ||
| Q3 25 | $223.1M | — | ||
| Q2 25 | $309.4M | $252.7M | ||
| Q1 25 | $-94.5M | $370.9M | ||
| Q4 24 | $266.2M | $338.2M | ||
| Q3 24 | $185.4M | $393.3M | ||
| Q2 24 | $210.0M | $249.0M |
自由现金流率FAFSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 15.8% | 13.1% | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 16.8% | 26.2% | ||
| Q1 25 | -6.0% | 38.9% | ||
| Q4 24 | 15.8% | 31.7% | ||
| Q3 24 | 13.2% | 38.4% | ||
| Q2 24 | 13.0% | 27.5% |
资本支出强度FAFSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.2% | 5.1% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.8% | 6.4% | ||
| Q1 25 | 2.6% | 4.0% | ||
| Q4 24 | 3.5% | 3.6% | ||
| Q3 24 | 3.7% | 8.1% | ||
| Q2 24 | 3.5% | 2.7% |
现金转化率FAFSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.74× | 1.41× | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 2.48× | 2.99× | ||
| Q1 25 | -0.71× | 5.96× | ||
| Q4 24 | 4.48× | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | 2.30× | 2.26× |
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
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
