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家得宝（HD）与台积电（TSM）财务数据对比。点击上方公司名可切换其他公司
家得宝的季度营收约是台积电的1.2倍（$41.4B vs $35.5B），台积电净利率更高（50.5% vs 8.7%，领先41.8%）
家得宝是美国跨国家装零售巨头，也是美国规模最大的家装零售商，主营工具、建材、家电等产品销售，同时提供燃油、运输租赁等服务。公司总部位于佐治亚州科布县，通信地址设于亚特兰大，2021年员工数达49.06万，营收超1510亿美元。
台积电是全球规模最大的专业独立半导体晶圆代工厂，总部位于中国台湾新竹，主要为无晶圆厂客户代工生产先进逻辑芯片，服务客户包括苹果、英伟达、AMD、高通和博通等，在3纳米、5纳米、7纳米等先进制程节点领域处于行业领先地位。
HD vs TSM — 直观对比
营收规模更大
HD
是对方的1.2倍
$35.5B
净利率更高
TSM
高出41.8%
8.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $41.4B | $35.5B |
| 净利润 | $3.6B | $17.9B |
| 毛利率 | 33.4% | 66.2% |
| 营业利润率 | 12.9% | 58.0% |
| 净利率 | 8.7% | 50.5% |
| 营收同比 | 2.8% | — |
| 净利润同比 | -1.3% | — |
| 每股收益（稀释后） | $3.62 | $111.55 |
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HDTSM
| Q1 26 | — | $35.5B | ||
| Q4 25 | $41.4B | $32.7B | ||
| Q3 25 | $45.3B | $30.7B | ||
| Q2 25 | $39.9B | $28.9B | ||
| Q1 25 | $39.7B | $26.0B | ||
| Q4 24 | $40.2B | $88.3B | ||
| Q3 24 | $43.2B | — | ||
| Q2 24 | $36.4B | — |
净利润HDTSM
| Q1 26 | — | $17.9B | ||
| Q4 25 | $3.6B | $15.8B | ||
| Q3 25 | $4.6B | $14.0B | ||
| Q2 25 | $3.4B | $12.3B | ||
| Q1 25 | $3.0B | $11.2B | ||
| Q4 24 | $3.6B | $35.3B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $3.6B | — |
毛利率HDTSM
| Q1 26 | — | 66.2% | ||
| Q4 25 | 33.4% | 62.3% | ||
| Q3 25 | 33.4% | 59.5% | ||
| Q2 25 | 33.8% | 58.6% | ||
| Q1 25 | 32.8% | 58.8% | ||
| Q4 24 | 33.4% | 56.1% | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 34.1% | — |
营业利润率HDTSM
| Q1 26 | — | 58.0% | ||
| Q4 25 | 12.9% | 53.9% | ||
| Q3 25 | 14.5% | 50.6% | ||
| Q2 25 | 12.9% | 49.6% | ||
| Q1 25 | 11.3% | 48.5% | ||
| Q4 24 | 13.5% | 45.7% | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 13.9% | — |
净利率HDTSM
| Q1 26 | — | 50.5% | ||
| Q4 25 | 8.7% | 48.3% | ||
| Q3 25 | 10.1% | 45.7% | ||
| Q2 25 | 8.6% | 42.7% | ||
| Q1 25 | 7.5% | 43.1% | ||
| Q4 24 | 9.1% | 40.0% | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.9% | — |
每股收益（稀释后）HDTSM
| Q1 26 | — | $111.55 | ||
| Q4 25 | $3.62 | $98.45 | ||
| Q3 25 | $4.58 | $87.20 | ||
| Q2 25 | $3.45 | $76.80 | ||
| Q1 25 | $3.01 | $69.70 | ||
| Q4 24 | $3.67 | $1.36 | ||
| Q3 24 | $4.60 | — | ||
| Q2 24 | $3.63 | — |
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 | $1.7B | — |
| 总债务越低越好 | $46.3B | — |
| 股东权益账面价值 | $12.1B | — |
| 总资产 | $106.3B | — |
| 负债/权益比越低杠杆越低 | 3.82× | — |
8季度趋势，按日历期对齐
现金及短期投资HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.5B | $64.9B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $4.3B | — |
总债务HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $46.3B | — | ||
| Q3 25 | $45.9B | — | ||
| Q2 25 | $47.3B | — | ||
| Q1 25 | $48.5B | — | ||
| Q4 24 | $50.1B | — | ||
| Q3 24 | $51.9B | — | ||
| Q2 24 | $42.1B | — |
股东权益HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $12.1B | — | ||
| Q3 25 | $10.7B | — | ||
| Q2 25 | $8.0B | — | ||
| Q1 25 | $6.6B | — | ||
| Q4 24 | $5.8B | $130.5B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $1.8B | — |
总资产HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $106.3B | — | ||
| Q3 25 | $100.0B | — | ||
| Q2 25 | $99.2B | — | ||
| Q1 25 | $96.1B | — | ||
| Q4 24 | $97.3B | $204.1B | ||
| Q3 24 | $96.8B | — | ||
| Q2 24 | $79.2B | — |
负债/权益比HDTSM
| Q1 26 | — | — | ||
| Q4 25 | 3.82× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 5.95× | — | ||
| Q1 25 | 7.30× | — | ||
| Q4 24 | 8.65× | — | ||
| Q3 24 | 11.74× | — | ||
| Q2 24 | 23.11× | — |
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 | $4.0B | — |
| 自由现金流经营现金流 - 资本支出 | $3.1B | — |
| 自由现金流率自由现金流/营收 | 7.5% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.11× | — |
| 过去12个月自由现金流最近4个季度 | $13.9B | — |
8季度趋势，按日历期对齐
经营现金流HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.2B | $55.7B | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — |
自由现金流HDTSM
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | $26.5B | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | $4.7B | — |
自由现金流率HDTSM
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 8.2% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 8.5% | 30.1% | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 12.8% | — |
资本支出强度HDTSM
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.0% | 33.0% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.3% | — |
现金转化率HDTSM
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.16× | 1.58× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.53× | — |
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
HD
| Major Product Line Building Materials | $13.6B | 33% |
| Major Product Line Dcor | $12.9B | 31% |
| Major Product Line Hardlines | $10.9B | 26% |
| Other | $1.5B | 4% |
| Services | $1.5B | 4% |
| GMS Inc | $892.0M | 2% |
TSM
暂无分部数据
