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英格拉姆微（INGM）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
英格拉姆微的季度营收约是高通的1.2倍（$14.9B vs $12.3B），高通净利率更高（24.5% vs 0.8%，领先23.7%），高通自由现金流更多（$4.4B vs $1.5B）
英格拉姆微控股是全球知名的信息技术产品及服务分销商，总部位于美国加利福尼亚州欧文市，业务覆盖全球各地。公司前身为1979年在加州成立的Micro D, Inc，最初是传统分销商，主营向经销商推广、销售及交付厂商产品，目前正向聚焦数字体验的平台化业务方向转型。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
INGM vs QCOM — 直观对比
营收规模更大
INGM
是对方的1.2倍
$12.3B
净利率更高
QCOM
高出23.7%
0.8%
自由现金流更多
QCOM
多$2.9B
$1.5B
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.9B | $12.3B |
| 净利润 | $121.4M | $3.0B |
| 毛利率 | 6.5% | 54.6% |
| 营业利润率 | 2.1% | 27.5% |
| 净利率 | 0.8% | 24.5% |
| 营收同比 | — | 5.0% |
| 净利润同比 | — | -5.5% |
| 每股收益（稀释后） | $0.52 | $2.78 |
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INGMQCOM
| Q4 25 | $14.9B | $12.3B | ||
| Q3 25 | $12.6B | $11.3B | ||
| Q2 25 | $12.8B | $10.4B | ||
| Q1 25 | $12.3B | $11.0B | ||
| Q4 24 | — | $11.7B | ||
| Q3 24 | $11.8B | $10.2B | ||
| Q2 24 | $11.5B | $9.4B | ||
| Q1 24 | $11.3B | $9.4B |
净利润INGMQCOM
| Q4 25 | $121.4M | $3.0B | ||
| Q3 25 | $99.5M | $-3.1B | ||
| Q2 25 | $37.8M | $2.7B | ||
| Q1 25 | $69.2M | $2.8B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $77.0M | $2.9B | ||
| Q2 24 | $54.6M | $2.1B | ||
| Q1 24 | $49.6M | $2.3B |
毛利率INGMQCOM
| Q4 25 | 6.5% | 54.6% | ||
| Q3 25 | 6.9% | 55.3% | ||
| Q2 25 | 6.6% | 55.6% | ||
| Q1 25 | 6.7% | 55.0% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | 7.2% | 56.4% | ||
| Q2 24 | 7.2% | 55.6% | ||
| Q1 24 | 7.4% | 56.3% |
营业利润率INGMQCOM
| Q4 25 | 2.1% | 27.5% | ||
| Q3 25 | 1.8% | 25.9% | ||
| Q2 25 | 1.1% | 26.6% | ||
| Q1 25 | 1.6% | 28.4% | ||
| Q4 24 | — | 30.5% | ||
| Q3 24 | 1.9% | 25.2% | ||
| Q2 24 | 1.6% | 23.6% | ||
| Q1 24 | 1.5% | 24.9% |
净利率INGMQCOM
| Q4 25 | 0.8% | 24.5% | ||
| Q3 25 | 0.8% | -27.7% | ||
| Q2 25 | 0.3% | 25.7% | ||
| Q1 25 | 0.6% | 25.6% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | 0.7% | 28.5% | ||
| Q2 24 | 0.5% | 22.7% | ||
| Q1 24 | 0.4% | 24.8% |
每股收益（稀释后）INGMQCOM
| Q4 25 | $0.52 | $2.78 | ||
| Q3 25 | $0.42 | $-2.77 | ||
| Q2 25 | $0.16 | $2.43 | ||
| Q1 25 | $0.29 | $2.52 | ||
| Q4 24 | — | $2.83 | ||
| Q3 24 | $0.35 | $2.57 | ||
| Q2 24 | $0.25 | $1.88 | ||
| Q1 24 | $0.22 | $2.06 |
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 | $1.9B | $11.8B |
| 总债务越低越好 | $3.2B | $14.8B |
| 股东权益账面价值 | $4.2B | $23.1B |
| 总资产 | $21.2B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资INGMQCOM
| Q4 25 | $1.9B | $11.8B | ||
| Q3 25 | $802.6M | $10.2B | ||
| Q2 25 | $856.7M | $10.0B | ||
| Q1 25 | $881.6M | $13.8B | ||
| Q4 24 | — | $14.3B | ||
| Q3 24 | $849.5M | $13.3B | ||
| Q2 24 | — | $13.0B | ||
| Q1 24 | — | $13.9B |
总债务INGMQCOM
| Q4 25 | $3.2B | $14.8B | ||
| Q3 25 | $3.8B | $14.8B | ||
| Q2 25 | $3.7B | $14.8B | ||
| Q1 25 | $3.5B | $13.3B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | $3.8B | $13.3B | ||
| Q2 24 | — | $13.2B | ||
| Q1 24 | — | $14.5B |
股东权益INGMQCOM
| Q4 25 | $4.2B | $23.1B | ||
| Q3 25 | $4.1B | $21.2B | ||
| Q2 25 | $4.0B | $27.2B | ||
| Q1 25 | $3.9B | $27.7B | ||
| Q4 24 | — | $26.9B | ||
| Q3 24 | $3.6B | $26.3B | ||
| Q2 24 | $3.5B | $24.7B | ||
| Q1 24 | $3.5B | $24.5B |
总资产INGMQCOM
| Q4 25 | $21.2B | $53.0B | ||
| Q3 25 | $19.2B | $50.1B | ||
| Q2 25 | $19.5B | $54.9B | ||
| Q1 25 | $18.6B | $55.4B | ||
| Q4 24 | — | $55.6B | ||
| Q3 24 | $18.6B | $55.2B | ||
| Q2 24 | — | $52.7B | ||
| Q1 24 | $17.6B | $53.2B |
负债/权益比INGMQCOM
| Q4 25 | 0.75× | 0.64× | ||
| Q3 25 | 0.93× | 0.70× | ||
| Q2 25 | 0.92× | 0.54× | ||
| Q1 25 | 0.90× | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | 1.06× | 0.51× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.59× |
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 | $1.6B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $4.4B |
| 自由现金流率自由现金流/营收 | 10.2% | 36.0% |
| 资本支出强度资本支出/营收 | 0.2% | 4.5% |
| 现金转化率经营现金流/净利润 | 12.85× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $785.4M | $12.9B |
8季度趋势，按日历期对齐
经营现金流INGMQCOM
| Q4 25 | $1.6B | $5.0B | ||
| Q3 25 | $-146.0M | $4.0B | ||
| Q2 25 | $-298.0M | $2.9B | ||
| Q1 25 | $-200.4M | $2.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | $-277.0M | $2.6B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | $-100.3M | $3.6B |
自由现金流INGMQCOM
| Q4 25 | $1.5B | $4.4B | ||
| Q3 25 | $-175.0M | $3.6B | ||
| Q2 25 | $-333.2M | $2.6B | ||
| Q1 25 | $-230.2M | $2.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $-315.0M | $2.4B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | $-135.8M | $3.4B |
自由现金流率INGMQCOM
| Q4 25 | 10.2% | 36.0% | ||
| Q3 25 | -1.4% | 31.8% | ||
| Q2 25 | -2.6% | 24.9% | ||
| Q1 25 | -1.9% | 21.3% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | -2.7% | 23.3% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | -1.2% | 35.9% |
资本支出强度INGMQCOM
| Q4 25 | 0.2% | 4.5% | ||
| Q3 25 | 0.2% | 3.6% | ||
| Q2 25 | 0.3% | 2.8% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 0.3% | 2.5% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | 0.3% | 2.0% |
现金转化率INGMQCOM
| Q4 25 | 12.85× | 1.65× | ||
| Q3 25 | -1.47× | — | ||
| Q2 25 | -7.88× | 1.08× | ||
| Q1 25 | -2.90× | 0.91× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | -3.60× | 0.91× | ||
| Q2 24 | — | 1.43× | ||
| Q1 24 | -2.02× | 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
INGM
暂无分部数据
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
