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高盛（GS）与美光科技（MU）财务数据对比。点击上方公司名可切换其他公司
美光科技的季度营收约是高盛的1.4倍（$23.9B vs $17.2B），美光科技净利率更高（57.8% vs 32.7%，领先25.1%），美光科技同比增速更快（196.3% vs 18.6%），过去两年美光科技的营收复合增速更高（75.5% vs 10.1%）
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55位。
美光科技是总部位于美国爱达荷州博伊西的半导体厂商，专注于计算机内存及数据存储产品的研发生产，核心产品涵盖动态随机存取存储器（DRAM）、闪存、固态硬盘（SSD）等，是全球知名的存储解决方案供应商，产品广泛应用于消费电子、数据中心等诸多领域。
GS vs MU — 直观对比
营收规模更大
MU
是对方的1.4倍
$17.2B
营收增速更快
MU
高出177.7%
18.6%
净利率更高
MU
高出25.1%
32.7%
两年增速更快
MU
近两年复合增速
10.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.2B | $23.9B |
| 净利润 | $5.6B | $13.8B |
| 毛利率 | — | 74.4% |
| 营业利润率 | 39.5% | 67.6% |
| 净利率 | 32.7% | 57.8% |
| 营收同比 | 18.6% | 196.3% |
| 净利润同比 | 18.8% | 770.8% |
| 每股收益（稀释后） | — | $12.07 |
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GSMU
| Q2 26 | — | $23.9B | ||
| Q1 26 | $17.2B | $23.9B | ||
| Q4 25 | $13.5B | $13.6B | ||
| Q3 25 | $15.2B | $11.3B | ||
| Q2 25 | $14.6B | $9.3B | ||
| Q1 25 | $15.1B | $8.1B | ||
| Q4 24 | — | $8.7B | ||
| Q3 24 | $12.7B | $7.8B |
净利润GSMU
| Q2 26 | — | $13.8B | ||
| Q1 26 | $5.6B | $13.8B | ||
| Q4 25 | $4.6B | $5.2B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $3.0B | — |
毛利率GSMU
| Q2 26 | — | 74.4% | ||
| Q1 26 | — | 74.4% | ||
| Q4 25 | — | 56.0% | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 35.3% |
营业利润率GSMU
| Q2 26 | — | 67.6% | ||
| Q1 26 | 39.5% | 67.6% | ||
| Q4 25 | 43.5% | 45.0% | ||
| Q3 25 | 35.5% | 32.3% | ||
| Q2 25 | 34.0% | 23.3% | ||
| Q1 25 | 37.5% | 22.0% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | 31.4% | — |
净利率GSMU
| Q2 26 | — | 57.8% | ||
| Q1 26 | 32.7% | 57.8% | ||
| Q4 25 | 34.3% | 38.4% | ||
| Q3 25 | 27.0% | 28.3% | ||
| Q2 25 | 25.5% | 20.3% | ||
| Q1 25 | 31.5% | 19.7% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | 23.5% | — |
每股收益（稀释后）GSMU
| Q2 26 | — | $12.07 | ||
| Q1 26 | — | $12.07 | ||
| Q4 25 | $14.04 | $4.60 | ||
| Q3 25 | $12.25 | $2.83 | ||
| Q2 25 | $10.91 | $1.68 | ||
| Q1 25 | $14.12 | $1.41 | ||
| Q4 24 | — | $1.67 | ||
| Q3 24 | $8.40 | — |
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 | $179.0B | $14.6B |
| 总债务越低越好 | — | $9.6B |
| 股东权益账面价值 | $123.0B | $72.5B |
| 总资产 | $2062.0B | $101.5B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资GSMU
| Q2 26 | — | $14.6B | ||
| Q1 26 | $179.0B | $13.9B | ||
| Q4 25 | $164.3B | $9.7B | ||
| Q3 25 | $169.6B | $9.6B | ||
| Q2 25 | $153.0B | $10.2B | ||
| Q1 25 | $167.4B | $7.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $154.7B | $7.0B |
总债务GSMU
| Q2 26 | — | $9.6B | ||
| Q1 26 | — | $9.6B | ||
| Q4 25 | — | $11.2B | ||
| Q3 25 | — | $14.0B | ||
| Q2 25 | — | $15.0B | ||
| Q1 25 | — | $13.9B | ||
| Q4 24 | — | $13.3B | ||
| Q3 24 | — | $13.0B |
股东权益GSMU
| Q2 26 | — | $72.5B | ||
| Q1 26 | $123.0B | $72.5B | ||
| Q4 25 | $125.0B | $58.8B | ||
| Q3 25 | $124.4B | $54.2B | ||
| Q2 25 | $124.1B | $50.7B | ||
| Q1 25 | $124.3B | $48.6B | ||
| Q4 24 | — | $46.8B | ||
| Q3 24 | $121.2B | $45.1B |
总资产GSMU
| Q2 26 | — | $101.5B | ||
| Q1 26 | $2062.0B | $101.5B | ||
| Q4 25 | $1809.3B | $86.0B | ||
| Q3 25 | $1808.0B | $82.8B | ||
| Q2 25 | $1785.0B | $78.4B | ||
| Q1 25 | $1766.2B | $73.1B | ||
| Q4 24 | — | $71.5B | ||
| Q3 24 | $1728.1B | $69.4B |
负债/权益比GSMU
| Q2 26 | — | 0.13× | ||
| Q1 26 | — | 0.13× | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× |
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 | — | $20.3B |
| 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 | — | 21.0% |
| 现金转化率经营现金流/净利润 | — | 1.47× |
| 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GSMU
| Q2 26 | — | $20.3B | ||
| Q1 26 | — | $11.9B | ||
| Q4 25 | $-16.3B | $8.4B | ||
| Q3 25 | $2.7B | $17.5B | ||
| Q2 25 | $5.7B | $4.6B | ||
| Q1 25 | $-37.2B | $3.9B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $8.5B |
自由现金流GSMU
| Q2 26 | — | — | ||
| Q1 26 | — | $5.5B | ||
| Q4 25 | $-16.8B | $3.0B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $5.2B | $1.7B | ||
| Q1 25 | $-37.7B | $-113.0M | ||
| Q4 24 | — | $38.0M | ||
| Q3 24 | — | $121.0M |
自由现金流率GSMU
| Q2 26 | — | — | ||
| Q1 26 | — | 23.1% | ||
| Q4 25 | -124.9% | 22.2% | ||
| Q3 25 | 14.0% | 14.7% | ||
| Q2 25 | 35.6% | 18.0% | ||
| Q1 25 | -250.5% | -1.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 1.6% |
资本支出强度GSMU
| Q2 26 | — | 21.0% | ||
| Q1 26 | — | 26.8% | ||
| Q4 25 | 3.9% | 39.5% | ||
| Q3 25 | 3.7% | 140.1% | ||
| Q2 25 | 3.3% | 31.6% | ||
| Q1 25 | 3.3% | 50.4% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | — | 108.2% |
现金转化率GSMU
| Q2 26 | — | 1.47× | ||
| Q1 26 | — | 0.86× | ||
| Q4 25 | -3.53× | 1.61× | ||
| Q3 25 | 0.65× | 5.47× | ||
| Q2 25 | 1.52× | 2.45× | ||
| Q1 25 | -7.86× | 2.49× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | — |
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
GS
| Management and other fees | $3.1B | 18% |
| FICC intermediation | $2.9B | 17% |
| Equities intermediation | $2.7B | 16% |
| Equities financing | $2.6B | 15% |
| Advisory | $1.5B | 9% |
| FICC financing | $1.1B | 6% |
| Other | $972.0M | 6% |
| Debt underwriting | $811.0M | 5% |
| Private banking and lending | $638.0M | 4% |
| Equity underwriting | $535.0M | 3% |
| Incentive fees | $183.0M | 1% |
| Investments | $180.0M | 1% |
MU
暂无分部数据
