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格罗方德（GFS）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是因美纳的1.5倍（$1.7B vs $1.1B），格罗方德净利率更高（14.8% vs 12.3%，领先2.5%），因美纳同比增速更快（4.8% vs -2.9%），过去两年因美纳的营收复合增速更高（-1.3% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
GFS vs ILMN — 直观对比
营收规模更大
GFS
是对方的1.5倍
$1.1B
营收增速更快
ILMN
高出7.7%
-2.9%
净利率更高
GFS
高出2.5%
12.3%
两年增速更快
ILMN
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $249.0M | $134.0M |
| 毛利率 | 24.8% | 66.1% |
| 营业利润率 | 11.6% | 19.2% |
| 净利率 | 14.8% | 12.3% |
| 营收同比 | -2.9% | 4.8% |
| 净利润同比 | 39.9% | — |
| 每股收益（稀释后） | $0.44 | $0.87 |
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GFSILMN
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B |
净利润GFSILMN
| Q1 26 | — | $134.0M | ||
| Q4 25 | — | $334.0M | ||
| Q3 25 | $249.0M | — | ||
| Q2 25 | $228.0M | — | ||
| Q1 25 | $211.0M | — | ||
| Q4 24 | — | $186.0M | ||
| Q3 24 | $178.0M | $705.0M | ||
| Q2 24 | $155.0M | $-2.0B |
毛利率GFSILMN
| Q1 26 | — | 66.1% | ||
| Q4 25 | — | 65.5% | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 23.8% | 69.0% | ||
| Q2 24 | 24.2% | 64.8% |
营业利润率GFSILMN
| Q1 26 | — | 19.2% | ||
| Q4 25 | — | 17.4% | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | 10.6% | 68.6% | ||
| Q2 24 | 9.5% | -147.2% |
净利率GFSILMN
| Q1 26 | — | 12.3% | ||
| Q4 25 | — | 28.8% | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 13.5% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 10.2% | 65.3% | ||
| Q2 24 | 9.5% | -178.8% |
每股收益（稀释后）GFSILMN
| Q1 26 | — | $0.87 | ||
| Q4 25 | — | $2.16 | ||
| Q3 25 | $0.44 | — | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.38 | — | ||
| Q4 24 | — | $1.16 | ||
| Q3 24 | $0.32 | $4.42 | ||
| Q2 24 | $0.28 | $-12.48 |
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 | $2.0B | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $2.7B |
| 总资产 | $16.7B | $6.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GFSILMN
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | $93.0M | ||
| Q3 24 | $2.3B | $70.0M | ||
| Q2 24 | $2.2B | $74.0M |
股东权益GFSILMN
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $11.8B | — | ||
| Q2 25 | $11.5B | — | ||
| Q1 25 | $11.1B | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $11.6B | $2.1B | ||
| Q2 24 | $11.3B | $1.4B |
总资产GFSILMN
| Q1 26 | — | $6.6B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $16.7B | — | ||
| Q2 25 | $16.8B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | $18.1B | $6.0B | ||
| Q2 24 | — | $6.1B |
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 | $595.0M | $289.0M |
| 自由现金流经营现金流 - 资本支出 | — | $251.0M |
| 自由现金流率自由现金流/营收 | — | 23.0% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.39× | 2.16× |
| 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GFSILMN
| Q1 26 | — | $289.0M | ||
| Q4 25 | — | $321.0M | ||
| Q3 25 | $595.0M | — | ||
| Q2 25 | $431.0M | — | ||
| Q1 25 | $331.0M | — | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | $375.0M | $316.0M | ||
| Q2 24 | $402.0M | $80.0M |
自由现金流GFSILMN
| Q1 26 | — | $251.0M | ||
| Q4 25 | — | $267.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $284.0M | ||
| Q2 24 | — | $49.0M |
自由现金流率GFSILMN
| Q1 26 | — | 23.0% | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 4.4% |
资本支出强度GFSILMN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.8% |
现金转化率GFSILMN
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 2.11× | 0.45× | ||
| Q2 24 | 2.59× | — |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
