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格罗方德（GFS）与先锋自然资源公司（PR）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先锋自然资源公司的1.4倍（$1.7B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 14.8%，领先14.3%），格罗方德同比增速更快（-2.9% vs -9.8%），过去两年先锋自然资源公司的营收复合增速更高（-3.0% 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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
GFS vs PR — 直观对比
营收规模更大
GFS
是对方的1.4倍
$1.2B
营收增速更快
GFS
高出6.8%
-9.8%
净利率更高
PR
高出14.3%
14.8%
两年增速更快
PR
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $249.0M | $339.5M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 23.1% |
| 净利率 | 14.8% | 29.0% |
| 营收同比 | -2.9% | -9.8% |
| 净利润同比 | 39.9% | 56.7% |
| 每股收益（稀释后） | $0.44 | $0.48 |
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GFSPR
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润GFSPR
| Q4 25 | — | $339.5M | ||
| Q3 25 | $249.0M | $59.2M | ||
| Q2 25 | $228.0M | $207.1M | ||
| Q1 25 | $211.0M | $329.3M | ||
| Q4 24 | — | $216.7M | ||
| Q3 24 | $178.0M | $386.4M | ||
| Q2 24 | $155.0M | $235.1M | ||
| Q1 24 | $134.0M | $146.6M |
毛利率GFSPR
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 25.4% | — |
营业利润率GFSPR
| Q4 25 | — | 23.1% | ||
| Q3 25 | 11.6% | 29.6% | ||
| Q2 25 | 11.6% | 24.8% | ||
| Q1 25 | 9.5% | 36.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 10.6% | 32.5% | ||
| Q2 24 | 9.5% | 36.5% | ||
| Q1 24 | 9.5% | 37.7% |
净利率GFSPR
| Q4 25 | — | 29.0% | ||
| Q3 25 | 14.8% | 4.5% | ||
| Q2 25 | 13.5% | 17.3% | ||
| Q1 25 | 13.3% | 23.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 10.2% | 31.8% | ||
| Q2 24 | 9.5% | 18.9% | ||
| Q1 24 | 8.7% | 11.8% |
每股收益（稀释后）GFSPR
| Q4 25 | — | $0.48 | ||
| Q3 25 | $0.44 | $0.08 | ||
| Q2 25 | $0.41 | $0.28 | ||
| Q1 25 | $0.38 | $0.44 | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | $0.32 | $0.53 | ||
| Q2 24 | $0.28 | $0.36 | ||
| Q1 24 | $0.24 | $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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $11.8B | $10.3B |
| 总资产 | $16.7B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资GFSPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | $2.0B | $111.8M | ||
| Q2 25 | $1.8B | $451.0M | ||
| Q1 25 | $1.6B | $702.2M | ||
| Q4 24 | — | $479.3M | ||
| Q3 24 | $2.3B | $272.0M | ||
| Q2 24 | $2.2B | $47.8M | ||
| Q1 24 | $2.2B | $12.7M |
总债务GFSPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益GFSPR
| Q4 25 | — | $10.3B | ||
| Q3 25 | $11.8B | $10.0B | ||
| Q2 25 | $11.5B | $9.5B | ||
| Q1 25 | $11.1B | $9.4B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | $11.6B | $9.0B | ||
| Q2 24 | $11.3B | $8.3B | ||
| Q1 24 | $11.3B | $7.0B |
总资产GFSPR
| Q4 25 | — | $17.9B | ||
| Q3 25 | $16.7B | $17.3B | ||
| Q2 25 | $16.8B | $17.5B | ||
| Q1 25 | $16.5B | $17.1B | ||
| Q4 24 | — | $16.9B | ||
| Q3 24 | $18.1B | $16.6B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | — | $15.1B |
负债/权益比GFSPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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× | 2.66× |
| 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GFSPR
| Q4 25 | — | $904.3M | ||
| Q3 25 | $595.0M | $766.5M | ||
| Q2 25 | $431.0M | $1.0B | ||
| Q1 25 | $331.0M | $898.0M | ||
| Q4 24 | — | $871.6M | ||
| Q3 24 | $375.0M | $954.4M | ||
| Q2 24 | $402.0M | $938.4M | ||
| Q1 24 | $488.0M | $647.6M |
现金转化率GFSPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | 2.39× | 12.94× | ||
| Q2 25 | 1.89× | 5.01× | ||
| Q1 25 | 1.57× | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 2.11× | 2.47× | ||
| Q2 24 | 2.59× | 3.99× | ||
| Q1 24 | 3.64× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
