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Hut 8 Corp.（HUT）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
台积电的季度营收约是Hut 8 Corp.的401.4倍（$35.5B vs $88.5M），台积电净利率更高（50.5% vs -316.0%，领先366.5%）
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
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。
HUT vs TSM — 直观对比
营收规模更大
TSM
是对方的401.4倍
$88.5M
净利率更高
TSM
高出366.5%
-316.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.5M | $35.5B |
| 净利润 | $-279.7M | $17.9B |
| 毛利率 | 60.4% | 66.2% |
| 营业利润率 | -491.4% | 58.0% |
| 净利率 | -316.0% | 50.5% |
| 营收同比 | 179.2% | — |
| 净利润同比 | -283.7% | — |
| 每股收益（稀释后） | $-2.45 | $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HUTTSM
| Q1 26 | — | $35.5B | ||
| Q4 25 | $88.5M | $32.7B | ||
| Q3 25 | $83.5M | $30.7B | ||
| Q2 25 | $41.3M | $28.9B | ||
| Q1 25 | $21.8M | $26.0B | ||
| Q4 24 | $31.7M | $88.3B | ||
| Q3 24 | $43.7M | — | ||
| Q2 24 | $35.2M | — |
净利润HUTTSM
| Q1 26 | — | $17.9B | ||
| Q4 25 | $-279.7M | $15.8B | ||
| Q3 25 | $50.1M | $14.0B | ||
| Q2 25 | $137.3M | $12.3B | ||
| Q1 25 | $-133.9M | $11.2B | ||
| Q4 24 | $152.2M | $35.3B | ||
| Q3 24 | $647.0K | — | ||
| Q2 24 | $-71.9M | — |
毛利率HUTTSM
| Q1 26 | — | 66.2% | ||
| Q4 25 | 60.4% | 62.3% | ||
| Q3 25 | 61.3% | 59.5% | ||
| Q2 25 | 47.3% | 58.6% | ||
| Q1 25 | 14.5% | 58.8% | ||
| Q4 24 | 35.9% | 56.1% | ||
| Q3 24 | 59.9% | — | ||
| Q2 24 | 41.4% | — |
营业利润率HUTTSM
| Q1 26 | — | 58.0% | ||
| Q4 25 | -491.4% | 53.9% | ||
| Q3 25 | 87.0% | 50.6% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | -676.8% | 48.5% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | -3.6% | — | ||
| Q2 24 | -246.2% | — |
净利率HUTTSM
| Q1 26 | — | 50.5% | ||
| Q4 25 | -316.0% | 48.3% | ||
| Q3 25 | 60.0% | 45.7% | ||
| Q2 25 | 332.5% | 42.7% | ||
| Q1 25 | -613.7% | 43.1% | ||
| Q4 24 | 480.3% | 40.0% | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -204.1% | — |
每股收益（稀释后）HUTTSM
| Q1 26 | — | $111.55 | ||
| Q4 25 | $-2.45 | $98.45 | ||
| Q3 25 | $0.43 | $87.20 | ||
| Q2 25 | $1.18 | $76.80 | ||
| Q1 25 | $-1.30 | $69.70 | ||
| Q4 24 | $1.41 | $1.36 | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.78 | — |
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 | $44.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | — |
| 总资产 | $2.8B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | $44.9M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $216.3M | — | ||
| Q1 25 | $108.4M | — | ||
| Q4 24 | $85.0M | $64.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $300.6M | — | ||
| Q3 24 | $297.3M | — | ||
| Q2 24 | $328.8M | — |
股东权益HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $960.0M | — | ||
| Q4 24 | $976.7M | $130.5B | ||
| Q3 24 | $703.9M | — | ||
| Q2 24 | $660.1M | — |
总资产HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | $204.1B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
负债/权益比HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.50× | — |
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 | $-139.2M | — |
| 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 | — | — |
| 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HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | $-139.2M | — | ||
| Q3 25 | $770.0K | — | ||
| Q2 25 | $-48.8M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $-68.5M | $55.7B | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $-16.4M | — |
自由现金流HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $26.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 33.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率HUTTSM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -0.36× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.45× | 1.58× | ||
| Q3 24 | -6.49× | — | ||
| Q2 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
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
TSM
暂无分部数据
