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伟创力（FLEX）与TTM TECHNOLOGIES INC（TTMI）财务数据对比。点击上方公司名可切换其他公司
伟创力的季度营收约是TTM TECHNOLOGIES INC的9.1倍（$7.1B vs $774.3M）。TTM TECHNOLOGIES INC净利率更高（6.5% vs 3.4%，领先3.2%）。TTM TECHNOLOGIES INC同比增速更快（18.9% vs 7.7%）。伟创力自由现金流更多（$272.0M vs $-6.5M）。过去两年伟创力的营收复合增速更高（25.2% vs 16.7%）
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。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
FLEX vs TTMI — 直观对比
营收规模更大
FLEX
是对方的9.1倍
$774.3M
营收增速更快
TTMI
高出11.3%
7.7%
净利率更高
TTMI
高出3.2%
3.4%
自由现金流更多
FLEX
多$278.5M
$-6.5M
两年增速更快
FLEX
近两年复合增速
16.7%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $774.3M |
| 净利润 | $239.0M | $50.7M |
| 毛利率 | 9.6% | 21.4% |
| 营业利润率 | 5.5% | 10.4% |
| 净利率 | 3.4% | 6.5% |
| 营收同比 | 7.7% | 18.9% |
| 净利润同比 | -9.1% | 880.4% |
| 每股收益（稀释后） | $0.64 | $0.47 |
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FLEXTTMI
| Q4 25 | $7.1B | $774.3M | ||
| Q3 25 | $6.8B | $752.7M | ||
| Q2 25 | $6.6B | $730.6M | ||
| Q1 25 | $6.4B | $648.7M | ||
| Q4 24 | $6.6B | $651.0M | ||
| Q3 24 | $6.5B | $616.5M | ||
| Q2 24 | $6.3B | $570.1M | ||
| Q1 24 | $4.5B | $569.0M |
净利润FLEXTTMI
| Q4 25 | $239.0M | $50.7M | ||
| Q3 25 | $199.0M | $53.1M | ||
| Q2 25 | $192.0M | $41.5M | ||
| Q1 25 | $222.0M | $32.2M | ||
| Q4 24 | $263.0M | $5.2M | ||
| Q3 24 | $214.0M | $14.3M | ||
| Q2 24 | $139.0M | $10.5M | ||
| Q1 24 | $395.0M | $17.3M |
毛利率FLEXTTMI
| Q4 25 | 9.6% | 21.4% | ||
| Q3 25 | 9.0% | 20.8% | ||
| Q2 25 | 8.7% | 20.3% | ||
| Q1 25 | 8.8% | 20.2% | ||
| Q4 24 | 9.1% | 19.4% | ||
| Q3 24 | 8.1% | 21.1% | ||
| Q2 24 | 7.5% | 18.2% | ||
| Q1 24 | -0.6% | 20.3% |
营业利润率FLEXTTMI
| Q4 25 | 5.5% | 10.4% | ||
| Q3 25 | 4.4% | 9.6% | ||
| Q2 25 | 4.7% | 8.5% | ||
| Q1 25 | 4.8% | 7.7% | ||
| Q4 24 | 5.1% | 1.4% | ||
| Q3 24 | 4.5% | 8.3% | ||
| Q2 24 | 3.7% | 3.0% | ||
| Q1 24 | -3.6% | 6.1% |
净利率FLEXTTMI
| Q4 25 | 3.4% | 6.5% | ||
| Q3 25 | 2.9% | 7.0% | ||
| Q2 25 | 2.9% | 5.7% | ||
| Q1 25 | 3.5% | 5.0% | ||
| Q4 24 | 4.0% | 0.8% | ||
| Q3 24 | 3.3% | 2.3% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 8.8% | 3.0% |
每股收益（稀释后）FLEXTTMI
| Q4 25 | $0.64 | $0.47 | ||
| Q3 25 | $0.52 | $0.50 | ||
| Q2 25 | $0.50 | $0.40 | ||
| Q1 25 | $0.56 | $0.31 | ||
| Q4 24 | $0.67 | $0.05 | ||
| Q3 24 | $0.54 | $0.14 | ||
| Q2 24 | $0.34 | $0.10 | ||
| Q1 24 | $0.91 | $0.17 |
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 | $3.1B | $501.2M |
| 总债务越低越好 | $4.4B | $916.2M |
| 股东权益账面价值 | $5.1B | $1.8B |
| 总资产 | $20.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资FLEXTTMI
| Q4 25 | $3.1B | $501.2M | ||
| Q3 25 | $2.2B | $491.1M | ||
| Q2 25 | $2.2B | $448.0M | ||
| Q1 25 | $2.3B | $411.3M | ||
| Q4 24 | $2.3B | $503.9M | ||
| Q3 24 | $2.6B | $469.5M | ||
| Q2 24 | $2.2B | $440.4M | ||
| Q1 24 | $2.5B | $450.2M |
总债务FLEXTTMI
| Q4 25 | $4.4B | $916.2M | ||
| Q3 25 | $3.7B | $916.6M | ||
| Q2 25 | $3.7B | $917.1M | ||
| Q1 25 | $3.7B | $917.6M | ||
| Q4 24 | $3.7B | $914.4M | ||
| Q3 24 | $3.7B | $912.8M | ||
| Q2 24 | $3.2B | $913.9M | ||
| Q1 24 | $3.3B | $914.3M |
股东权益FLEXTTMI
| Q4 25 | $5.1B | $1.8B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $5.1B | $1.6B | ||
| Q1 25 | $5.0B | $1.6B | ||
| Q4 24 | $5.0B | $1.6B | ||
| Q3 24 | $5.0B | $1.5B | ||
| Q2 24 | $5.0B | $1.5B | ||
| Q1 24 | $5.3B | $1.5B |
总资产FLEXTTMI
| Q4 25 | $20.8B | $3.8B | ||
| Q3 25 | $19.5B | $3.7B | ||
| Q2 25 | $19.1B | $3.6B | ||
| Q1 25 | $18.4B | $3.5B | ||
| Q4 24 | $18.3B | $3.5B | ||
| Q3 24 | $18.6B | $3.4B | ||
| Q2 24 | $17.7B | $3.3B | ||
| Q1 24 | $18.3B | $3.3B |
负债/权益比FLEXTTMI
| Q4 25 | 0.87× | 0.52× | ||
| Q3 25 | 0.73× | 0.54× | ||
| Q2 25 | 0.72× | 0.56× | ||
| Q1 25 | 0.74× | 0.58× | ||
| Q4 24 | 0.74× | 0.58× | ||
| Q3 24 | 0.74× | 0.59× | ||
| Q2 24 | 0.64× | 0.60× | ||
| Q1 24 | 0.61× | 0.61× |
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 | $420.0M | $62.9M |
| 自由现金流经营现金流 - 资本支出 | $272.0M | $-6.5M |
| 自由现金流率自由现金流/营收 | 3.9% | -0.8% |
| 资本支出强度资本支出/营收 | 2.1% | 9.0% |
| 现金转化率经营现金流/净利润 | 1.76× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-683.0K |
8季度趋势，按日历期对齐
经营现金流FLEXTTMI
| Q4 25 | $420.0M | $62.9M | ||
| Q3 25 | $453.0M | $141.8M | ||
| Q2 25 | $399.0M | $97.8M | ||
| Q1 25 | $433.0M | $-10.7M | ||
| Q4 24 | $413.0M | — | ||
| Q3 24 | $319.0M | $65.1M | ||
| Q2 24 | $340.0M | $43.9M | ||
| Q1 24 | $679.0M | $47.5M |
自由现金流FLEXTTMI
| Q4 25 | $272.0M | $-6.5M | ||
| Q3 25 | $303.0M | $42.4M | ||
| Q2 25 | $266.0M | $37.4M | ||
| Q1 25 | $321.0M | $-74.0M | ||
| Q4 24 | $301.0M | — | ||
| Q3 24 | $216.0M | $24.2M | ||
| Q2 24 | $229.0M | $-5.4M | ||
| Q1 24 | $598.0M | $1.4M |
自由现金流率FLEXTTMI
| Q4 25 | 3.9% | -0.8% | ||
| Q3 25 | 4.5% | 5.6% | ||
| Q2 25 | 4.0% | 5.1% | ||
| Q1 25 | 5.0% | -11.4% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.3% | 3.9% | ||
| Q2 24 | 3.6% | -1.0% | ||
| Q1 24 | 13.3% | 0.2% |
资本支出强度FLEXTTMI
| Q4 25 | 2.1% | 9.0% | ||
| Q3 25 | 2.2% | 13.2% | ||
| Q2 25 | 2.0% | 8.3% | ||
| Q1 25 | 1.8% | 9.8% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.6% | 6.6% | ||
| Q2 24 | 1.8% | 8.7% | ||
| Q1 24 | 1.8% | 8.1% |
现金转化率FLEXTTMI
| Q4 25 | 1.76× | 1.24× | ||
| Q3 25 | 2.28× | 2.67× | ||
| Q2 25 | 2.08× | 2.36× | ||
| Q1 25 | 1.95× | -0.33× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 1.49× | 4.55× | ||
| Q2 24 | 2.45× | 4.19× | ||
| Q1 24 | 1.72× | 2.74× |
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
FLEX
| Flex Reliability Solutions FRS | $3.2B | 46% |
| Transferred At Point In Time | $2.7B | 38% |
| Transferred Over Time | $1.1B | 16% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
