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格罗方德（GFS）与美满电子科技（MRVL）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是格罗方德的1.2倍（$2.1B vs $1.7B）。美满电子科技净利率更高（91.7% vs 14.8%，领先76.9%）。美满电子科技同比增速更快（36.8% vs -2.9%）。过去两年美满电子科技的营收复合增速更高（20.6% 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。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
GFS vs MRVL — 直观对比
营收规模更大
MRVL
是对方的1.2倍
$1.7B
营收增速更快
MRVL
高出39.8%
-2.9%
净利率更高
MRVL
高出76.9%
14.8%
两年增速更快
MRVL
近两年复合增速
-4.3%
损益表 — Q3 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $249.0M | $1.9B |
| 毛利率 | 24.8% | 51.6% |
| 营业利润率 | 11.6% | 17.2% |
| 净利率 | 14.8% | 91.7% |
| 营收同比 | -2.9% | 36.8% |
| 净利润同比 | 39.9% | 381.1% |
| 每股收益（稀释后） | $0.44 | $2.20 |
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GFSMRVL
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.4B |
净利润GFSMRVL
| Q4 25 | — | $1.9B | ||
| Q3 25 | $249.0M | $194.8M | ||
| Q2 25 | $228.0M | $177.9M | ||
| Q1 25 | $211.0M | $200.2M | ||
| Q4 24 | — | $-676.3M | ||
| Q3 24 | $178.0M | $-193.3M | ||
| Q2 24 | $155.0M | $-215.6M | ||
| Q1 24 | $134.0M | $-392.7M |
毛利率GFSMRVL
| Q4 25 | — | 51.6% | ||
| Q3 25 | 24.8% | 50.4% | ||
| Q2 25 | 24.2% | 50.3% | ||
| Q1 25 | 22.4% | 50.5% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | 23.8% | 46.2% | ||
| Q2 24 | 24.2% | 45.5% | ||
| Q1 24 | 25.4% | 46.6% |
营业利润率GFSMRVL
| Q4 25 | — | 17.2% | ||
| Q3 25 | 11.6% | 14.5% | ||
| Q2 25 | 11.6% | 14.3% | ||
| Q1 25 | 9.5% | 12.9% | ||
| Q4 24 | — | -46.4% | ||
| Q3 24 | 10.6% | -7.9% | ||
| Q2 24 | 9.5% | -13.1% | ||
| Q1 24 | 9.5% | -2.3% |
净利率GFSMRVL
| Q4 25 | — | 91.7% | ||
| Q3 25 | 14.8% | 9.7% | ||
| Q2 25 | 13.5% | 9.4% | ||
| Q1 25 | 13.3% | 11.0% | ||
| Q4 24 | — | -44.6% | ||
| Q3 24 | 10.2% | -15.2% | ||
| Q2 24 | 9.5% | -18.6% | ||
| Q1 24 | 8.7% | -27.5% |
每股收益（稀释后）GFSMRVL
| Q4 25 | — | $2.20 | ||
| Q3 25 | $0.44 | $0.22 | ||
| Q2 25 | $0.41 | $0.20 | ||
| Q1 25 | $0.38 | $0.23 | ||
| Q4 24 | — | $-0.78 | ||
| Q3 24 | $0.32 | $-0.22 | ||
| Q2 24 | $0.28 | $-0.25 | ||
| Q1 24 | $0.24 | $-0.45 |
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 | $2.7B |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $11.8B | $14.1B |
| 总资产 | $16.7B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资GFSMRVL
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $885.9M | ||
| Q1 25 | $1.6B | $948.3M | ||
| Q4 24 | — | $868.1M | ||
| Q3 24 | $2.3B | $808.7M | ||
| Q2 24 | $2.2B | $847.7M | ||
| Q1 24 | $2.2B | $950.8M |
总债务GFSMRVL
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.2B |
股东权益GFSMRVL
| Q4 25 | — | $14.1B | ||
| Q3 25 | $11.8B | $13.4B | ||
| Q2 25 | $11.5B | $13.3B | ||
| Q1 25 | $11.1B | $13.4B | ||
| Q4 24 | — | $13.4B | ||
| Q3 24 | $11.6B | $14.2B | ||
| Q2 24 | $11.3B | $14.5B | ||
| Q1 24 | $11.3B | $14.8B |
总资产GFSMRVL
| Q4 25 | — | $21.6B | ||
| Q3 25 | $16.7B | $20.6B | ||
| Q2 25 | $16.8B | $20.0B | ||
| Q1 25 | $16.5B | $20.2B | ||
| Q4 24 | — | $19.7B | ||
| Q3 24 | $18.1B | $20.3B | ||
| Q2 24 | — | $20.5B | ||
| Q1 24 | — | $21.2B |
负债/权益比GFSMRVL
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.28× |
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 | $582.3M |
| 自由现金流经营现金流 - 资本支出 | — | $508.8M |
| 自由现金流率自由现金流/营收 | — | 24.5% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 2.39× | 0.31× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流GFSMRVL
| Q4 25 | — | $582.3M | ||
| Q3 25 | $595.0M | $461.6M | ||
| Q2 25 | $431.0M | $332.9M | ||
| Q1 25 | $331.0M | $514.0M | ||
| Q4 24 | — | $536.3M | ||
| Q3 24 | $375.0M | $306.4M | ||
| Q2 24 | $402.0M | $324.5M | ||
| Q1 24 | $488.0M | $546.6M |
自由现金流GFSMRVL
| Q4 25 | — | $508.8M | ||
| Q3 25 | — | $414.1M | ||
| Q2 25 | — | $214.1M | ||
| Q1 25 | — | $444.1M | ||
| Q4 24 | — | $461.3M | ||
| Q3 24 | — | $258.2M | ||
| Q2 24 | — | $233.0M | ||
| Q1 24 | — | $475.6M |
自由现金流率GFSMRVL
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 33.3% |
资本支出强度GFSMRVL
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 5.0% |
现金转化率GFSMRVL
| Q4 25 | — | 0.31× | ||
| Q3 25 | 2.39× | 2.37× | ||
| Q2 25 | 1.89× | 1.87× | ||
| Q1 25 | 1.57× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | — | ||
| Q1 24 | 3.64× | — |
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% |
MRVL
暂无分部数据
