vs
格罗方德（GFS）与KeyCorp（KEY）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是格罗方德的1.2倍（$1.9B vs $1.7B），KeyCorp净利率更高（26.8% vs 14.8%，领先12.1%），KeyCorp同比增速更快（10.2% vs -2.9%），过去两年KeyCorp的营收复合增速更高（12.9% 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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
GFS vs KEY — 直观对比
营收规模更大
KEY
是对方的1.2倍
$1.7B
营收增速更快
KEY
高出13.1%
-2.9%
净利率更高
KEY
高出12.1%
14.8%
两年增速更快
KEY
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $249.0M | $522.0M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | — |
| 净利率 | 14.8% | 26.8% |
| 营收同比 | -2.9% | 10.2% |
| 净利润同比 | 39.9% | 28.9% |
| 每股收益（稀释后） | $0.44 | $0.44 |
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GFSKEY
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | — | $865.0M | ||
| Q3 24 | $1.7B | $695.0M | ||
| Q2 24 | $1.6B | $1.5B |
净利润GFSKEY
| Q1 26 | — | $522.0M | ||
| Q4 25 | — | $510.0M | ||
| Q3 25 | $249.0M | $489.0M | ||
| Q2 25 | $228.0M | $425.0M | ||
| Q1 25 | $211.0M | $405.0M | ||
| Q4 24 | — | $-244.0M | ||
| Q3 24 | $178.0M | $-410.0M | ||
| Q2 24 | $155.0M | $274.0M |
毛利率GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — |
营业利润率GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | 32.3% | ||
| Q3 25 | 11.6% | 31.8% | ||
| Q2 25 | 11.6% | 29.3% | ||
| Q1 25 | 9.5% | 29.0% | ||
| Q4 24 | — | -92.6% | ||
| Q3 24 | 10.6% | -72.8% | ||
| Q2 24 | 9.5% | 22.0% |
净利率GFSKEY
| Q1 26 | — | 26.8% | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | 14.8% | 25.8% | ||
| Q2 25 | 13.5% | 23.1% | ||
| Q1 25 | 13.3% | 22.8% | ||
| Q4 24 | — | -54.7% | ||
| Q3 24 | 10.2% | -59.0% | ||
| Q2 24 | 9.5% | 18.0% |
每股收益（稀释后）GFSKEY
| Q1 26 | — | $0.44 | ||
| Q4 25 | — | $0.43 | ||
| Q3 25 | $0.44 | $0.41 | ||
| Q2 25 | $0.41 | $0.35 | ||
| Q1 25 | $0.38 | $0.33 | ||
| Q4 24 | — | $-0.30 | ||
| Q3 24 | $0.32 | $-0.47 | ||
| Q2 24 | $0.28 | $0.25 |
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 | $11.8B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $11.8B | $20.0B |
| 总资产 | $16.7B | $188.7B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资GFSKEY
| Q1 26 | — | $11.8B | ||
| Q4 25 | — | $10.2B | ||
| Q3 25 | $2.0B | $13.3B | ||
| Q2 25 | $1.8B | $11.6B | ||
| Q1 25 | $1.6B | $15.3B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | $2.3B | $22.8B | ||
| Q2 24 | $2.2B | $15.5B |
总债务GFSKEY
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B |
股东权益GFSKEY
| Q1 26 | — | $20.0B | ||
| Q4 25 | — | $20.4B | ||
| Q3 25 | $11.8B | $20.1B | ||
| Q2 25 | $11.5B | $19.5B | ||
| Q1 25 | $11.1B | $19.0B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | $11.6B | $16.9B | ||
| Q2 24 | $11.3B | $14.8B |
总资产GFSKEY
| Q1 26 | — | $188.7B | ||
| Q4 25 | — | $184.4B | ||
| Q3 25 | $16.7B | $187.4B | ||
| Q2 25 | $16.8B | $185.5B | ||
| Q1 25 | $16.5B | $188.7B | ||
| Q4 24 | — | $187.2B | ||
| Q3 24 | $18.1B | $189.8B | ||
| Q2 24 | — | $187.4B |
负债/权益比GFSKEY
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $595.0M | $396.0M | ||
| Q2 25 | $431.0M | $1.2B | ||
| Q1 25 | $331.0M | $-140.0M | ||
| Q4 24 | — | $664.0M | ||
| Q3 24 | $375.0M | $-1.2B | ||
| Q2 24 | $402.0M | $-217.0M |
自由现金流GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $367.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $-150.0M | ||
| Q4 24 | — | $599.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-230.0M |
自由现金流率GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | 104.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 65.8% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | -175.8% | ||
| Q2 24 | — | -15.1% |
资本支出强度GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 0.9% |
现金转化率GFSKEY
| Q1 26 | — | — | ||
| Q4 25 | — | 4.33× | ||
| Q3 25 | 2.39× | 0.81× | ||
| Q2 25 | 1.89× | 2.90× | ||
| Q1 25 | 1.57× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | -0.79× |
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% |
KEY
| Net Interest Income | $1.2B | 63% |
| Noninterest Income | $723.0M | 37% |
