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伟创力（FLEX）与美光科技（MU）财务数据对比。点击上方公司名可切换其他公司
美光科技的季度营收约是伟创力的3.2倍（$23.9B vs $7.5B），美光科技净利率更高（57.8% vs 3.3%，领先54.4%），美光科技同比增速更快（196.3% vs 16.9%），过去两年美光科技的营收复合增速更高（75.5% vs 8.8%）
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
美光科技是总部位于美国爱达荷州博伊西的半导体厂商，专注于计算机内存及数据存储产品的研发生产，核心产品涵盖动态随机存取存储器（DRAM）、闪存、固态硬盘（SSD）等，是全球知名的存储解决方案供应商，产品广泛应用于消费电子、数据中心等诸多领域。
FLEX vs MU — 直观对比
营收规模更大
MU
是对方的3.2倍
$7.5B
营收增速更快
MU
高出179.4%
16.9%
净利率更高
MU
高出54.4%
3.3%
两年增速更快
MU
近两年复合增速
8.8%
损益表 — Q4 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.5B | $23.9B |
| 净利润 | $250.0M | $13.8B |
| 毛利率 | 9.4% | 74.4% |
| 营业利润率 | 5.0% | 67.6% |
| 净利率 | 3.3% | 57.8% |
| 营收同比 | 16.9% | 196.3% |
| 净利润同比 | 12.6% | 770.8% |
| 每股收益（稀释后） | $0.67 | $12.07 |
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FLEXMU
| Q2 26 | — | $23.9B | ||
| Q1 26 | $7.5B | $23.9B | ||
| Q4 25 | $7.1B | $13.6B | ||
| Q3 25 | $6.8B | $11.3B | ||
| Q2 25 | $6.6B | $9.3B | ||
| Q1 25 | $6.4B | $8.1B | ||
| Q4 24 | $6.6B | $8.7B | ||
| Q3 24 | $6.5B | $7.8B |
净利润FLEXMU
| Q2 26 | — | $13.8B | ||
| Q1 26 | $250.0M | $13.8B | ||
| Q4 25 | $239.0M | $5.2B | ||
| Q3 25 | $199.0M | $3.2B | ||
| Q2 25 | $192.0M | $1.9B | ||
| Q1 25 | $222.0M | $1.6B | ||
| Q4 24 | $263.0M | $1.9B | ||
| Q3 24 | $214.0M | — |
毛利率FLEXMU
| Q2 26 | — | 74.4% | ||
| Q1 26 | 9.4% | 74.4% | ||
| Q4 25 | 9.6% | 56.0% | ||
| Q3 25 | 9.0% | 44.7% | ||
| Q2 25 | 8.7% | 37.7% | ||
| Q1 25 | 8.8% | 36.8% | ||
| Q4 24 | 9.1% | 38.4% | ||
| Q3 24 | 8.1% | 35.3% |
营业利润率FLEXMU
| Q2 26 | — | 67.6% | ||
| Q1 26 | 5.0% | 67.6% | ||
| Q4 25 | 5.5% | 45.0% | ||
| Q3 25 | 4.4% | 32.3% | ||
| Q2 25 | 4.7% | 23.3% | ||
| Q1 25 | 4.8% | 22.0% | ||
| Q4 24 | 5.1% | 25.0% | ||
| Q3 24 | 4.5% | — |
净利率FLEXMU
| Q2 26 | — | 57.8% | ||
| Q1 26 | 3.3% | 57.8% | ||
| Q4 25 | 3.4% | 38.4% | ||
| Q3 25 | 2.9% | 28.3% | ||
| Q2 25 | 2.9% | 20.3% | ||
| Q1 25 | 3.5% | 19.7% | ||
| Q4 24 | 4.0% | 21.5% | ||
| Q3 24 | 3.3% | — |
每股收益（稀释后）FLEXMU
| Q2 26 | — | $12.07 | ||
| Q1 26 | $0.67 | $12.07 | ||
| Q4 25 | $0.64 | $4.60 | ||
| Q3 25 | $0.52 | $2.83 | ||
| Q2 25 | $0.50 | $1.68 | ||
| Q1 25 | $0.56 | $1.41 | ||
| Q4 24 | $0.67 | $1.67 | ||
| Q3 24 | $0.54 | — |
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 | $2.4B | $14.6B |
| 总债务越低越好 | $3.8B | $9.6B |
| 股东权益账面价值 | $5.1B | $72.5B |
| 总资产 | $22.1B | $101.5B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FLEXMU
| Q2 26 | — | $14.6B | ||
| Q1 26 | $2.4B | $13.9B | ||
| Q4 25 | $3.1B | $9.7B | ||
| Q3 25 | $2.2B | $9.6B | ||
| Q2 25 | $2.2B | $10.2B | ||
| Q1 25 | $2.3B | $7.6B | ||
| Q4 24 | $2.3B | $6.7B | ||
| Q3 24 | $2.6B | $7.0B |
总债务FLEXMU
| Q2 26 | — | $9.6B | ||
| Q1 26 | $3.8B | $9.6B | ||
| Q4 25 | $4.4B | $11.2B | ||
| Q3 25 | $3.7B | $14.0B | ||
| Q2 25 | $3.7B | $15.0B | ||
| Q1 25 | $3.7B | $13.9B | ||
| Q4 24 | $3.7B | $13.3B | ||
| Q3 24 | $3.7B | $13.0B |
股东权益FLEXMU
| Q2 26 | — | $72.5B | ||
| Q1 26 | $5.1B | $72.5B | ||
| Q4 25 | $5.1B | $58.8B | ||
| Q3 25 | $5.0B | $54.2B | ||
| Q2 25 | $5.1B | $50.7B | ||
| Q1 25 | $5.0B | $48.6B | ||
| Q4 24 | $5.0B | $46.8B | ||
| Q3 24 | $5.0B | $45.1B |
总资产FLEXMU
| Q2 26 | — | $101.5B | ||
| Q1 26 | $22.1B | $101.5B | ||
| Q4 25 | $20.8B | $86.0B | ||
| Q3 25 | $19.5B | $82.8B | ||
| Q2 25 | $19.1B | $78.4B | ||
| Q1 25 | $18.4B | $73.1B | ||
| Q4 24 | $18.3B | $71.5B | ||
| Q3 24 | $18.6B | $69.4B |
负债/权益比FLEXMU
| Q2 26 | — | 0.13× | ||
| Q1 26 | 0.73× | 0.13× | ||
| Q4 25 | 0.87× | 0.19× | ||
| Q3 25 | 0.73× | 0.26× | ||
| Q2 25 | 0.72× | 0.30× | ||
| Q1 25 | 0.74× | 0.28× | ||
| Q4 24 | 0.74× | 0.28× | ||
| Q3 24 | 0.74× | 0.29× |
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 | $413.0M | $20.3B |
| 自由现金流经营现金流 - 资本支出 | $212.0M | — |
| 自由现金流率自由现金流/营收 | 2.8% | — |
| 资本支出强度资本支出/营收 | — | 21.0% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流FLEXMU
| Q2 26 | — | $20.3B | ||
| Q1 26 | $413.0M | $11.9B | ||
| Q4 25 | $420.0M | $8.4B | ||
| Q3 25 | $453.0M | $17.5B | ||
| Q2 25 | $399.0M | $4.6B | ||
| Q1 25 | $433.0M | $3.9B | ||
| Q4 24 | $413.0M | $3.2B | ||
| Q3 24 | $319.0M | $8.5B |
自由现金流FLEXMU
| Q2 26 | — | — | ||
| Q1 26 | $212.0M | $5.5B | ||
| Q4 25 | $272.0M | $3.0B | ||
| Q3 25 | $303.0M | $1.7B | ||
| Q2 25 | $266.0M | $1.7B | ||
| Q1 25 | $321.0M | $-113.0M | ||
| Q4 24 | $301.0M | $38.0M | ||
| Q3 24 | $216.0M | $121.0M |
自由现金流率FLEXMU
| Q2 26 | — | — | ||
| Q1 26 | 2.8% | 23.1% | ||
| Q4 25 | 3.9% | 22.2% | ||
| Q3 25 | 4.5% | 14.7% | ||
| Q2 25 | 4.0% | 18.0% | ||
| Q1 25 | 5.0% | -1.4% | ||
| Q4 24 | 4.6% | 0.4% | ||
| Q3 24 | 3.3% | 1.6% |
资本支出强度FLEXMU
| Q2 26 | — | 21.0% | ||
| Q1 26 | — | 26.8% | ||
| Q4 25 | 2.1% | 39.5% | ||
| Q3 25 | 2.2% | 140.1% | ||
| Q2 25 | 2.0% | 31.6% | ||
| Q1 25 | 1.8% | 50.4% | ||
| Q4 24 | 1.7% | 36.8% | ||
| Q3 24 | 1.6% | 108.2% |
现金转化率FLEXMU
| Q2 26 | — | 1.47× | ||
| Q1 26 | 1.65× | 0.86× | ||
| Q4 25 | 1.76× | 1.61× | ||
| Q3 25 | 2.28× | 5.47× | ||
| Q2 25 | 2.08× | 2.45× | ||
| Q1 25 | 1.95× | 2.49× | ||
| Q4 24 | 1.57× | 1.73× | ||
| Q3 24 | 1.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
