vs
KeyCorp（KEY）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是思佳讯的1.9倍（$2.0B vs $1.0B），KeyCorp净利率更高（25.4% vs 7.6%，领先17.8%），KeyCorp同比增速更快（131.8% vs 8.6%），KeyCorp自由现金流更多（$2.1B vs $339.0M），过去两年KeyCorp的营收复合增速更高（14.4% vs -0.5%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
KEY vs SWKS — 直观对比
营收规模更大
KEY
是对方的1.9倍
$1.0B
营收增速更快
KEY
高出123.2%
8.6%
净利率更高
KEY
高出17.8%
7.6%
自由现金流更多
KEY
多$1.8B
$339.0M
两年增速更快
KEY
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $510.0M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 32.3% | 10.0% |
| 净利率 | 25.4% | 7.6% |
| 营收同比 | 131.8% | 8.6% |
| 净利润同比 | 309.0% | 15.3% |
| 每股收益（稀释后） | $0.43 | $0.53 |
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KEYSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | $965.0M | ||
| Q1 25 | $1.8B | $953.2M | ||
| Q4 24 | $865.0M | $1.1B | ||
| Q3 24 | $695.0M | $1.0B | ||
| Q2 24 | $1.5B | $905.5M |
净利润KEYSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $510.0M | $141.4M | ||
| Q3 25 | $489.0M | — | ||
| Q2 25 | $425.0M | $105.0M | ||
| Q1 25 | $405.0M | $68.7M | ||
| Q4 24 | $-244.0M | $162.0M | ||
| Q3 24 | $-410.0M | $60.5M | ||
| Q2 24 | $274.0M | $120.9M |
毛利率KEYSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率KEYSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 32.3% | 10.1% | ||
| Q3 25 | 31.8% | — | ||
| Q2 25 | 29.3% | 11.5% | ||
| Q1 25 | 29.0% | 10.2% | ||
| Q4 24 | -92.6% | 16.9% | ||
| Q3 24 | -72.8% | 5.8% | ||
| Q2 24 | 22.0% | 14.4% |
净利率KEYSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 25.4% | 12.9% | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 23.1% | 10.9% | ||
| Q1 25 | 22.8% | 7.2% | ||
| Q4 24 | -54.7% | 15.2% | ||
| Q3 24 | -59.0% | 5.9% | ||
| Q2 24 | 18.0% | 13.4% |
每股收益（稀释后）KEYSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.43 | $0.95 | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.35 | $0.70 | ||
| Q1 25 | $0.33 | $0.43 | ||
| Q4 24 | $-0.30 | $1.00 | ||
| Q3 24 | $-0.47 | $0.36 | ||
| Q2 24 | $0.25 | $0.75 |
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 | $10.2B | $1.6B |
| 总债务越低越好 | $9.9B | $496.6M |
| 股东权益账面价值 | $20.4B | $5.8B |
| 总资产 | $184.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资KEYSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $10.2B | $1.4B | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $11.6B | $1.3B | ||
| Q1 25 | $15.3B | $1.5B | ||
| Q4 24 | $17.5B | $1.7B | ||
| Q3 24 | $22.8B | $1.6B | ||
| Q2 24 | $15.5B | $1.3B |
总债务KEYSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $9.9B | $496.4M | ||
| Q3 25 | $10.9B | — | ||
| Q2 25 | $12.1B | $496.2M | ||
| Q1 25 | $12.4B | $995.1M | ||
| Q4 24 | $12.1B | $994.7M | ||
| Q3 24 | $15.7B | $994.3M | ||
| Q2 24 | $16.9B | $994.0M |
股东权益KEYSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $20.4B | $5.8B | ||
| Q3 25 | $20.1B | — | ||
| Q2 25 | $19.5B | $5.7B | ||
| Q1 25 | $19.0B | $5.9B | ||
| Q4 24 | $18.2B | $6.4B | ||
| Q3 24 | $16.9B | $6.3B | ||
| Q2 24 | $14.8B | $6.3B |
总资产KEYSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $184.4B | $7.9B | ||
| Q3 25 | $187.4B | — | ||
| Q2 25 | $185.5B | $7.7B | ||
| Q1 25 | $188.7B | $7.9B | ||
| Q4 24 | $187.2B | $8.3B | ||
| Q3 24 | $189.8B | $8.3B | ||
| Q2 24 | $187.4B | $8.2B |
负债/权益比KEYSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.49× | 0.09× | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | 0.09× | ||
| Q1 25 | 0.65× | 0.17× | ||
| Q4 24 | 0.67× | 0.16× | ||
| Q3 24 | 0.93× | 0.16× | ||
| Q2 24 | 1.14× | 0.16× |
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 | $2.2B | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $339.0M |
| 自由现金流率自由现金流/营收 | 104.8% | 32.7% |
| 资本支出强度资本支出/营收 | 5.3% | 5.5% |
| 现金转化率经营现金流/净利润 | 4.33× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $3.5B | $1.1B |
8季度趋势，按日历期对齐
经营现金流KEYSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $2.2B | $200.0M | ||
| Q3 25 | $396.0M | — | ||
| Q2 25 | $1.2B | $314.2M | ||
| Q1 25 | $-140.0M | $409.4M | ||
| Q4 24 | $664.0M | $377.2M | ||
| Q3 24 | $-1.2B | $476.1M | ||
| Q2 24 | $-217.0M | $273.4M |
自由现金流KEYSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $2.1B | $144.0M | ||
| Q3 25 | $367.0M | — | ||
| Q2 25 | $1.2B | $252.7M | ||
| Q1 25 | $-150.0M | $370.9M | ||
| Q4 24 | $599.0M | $338.2M | ||
| Q3 24 | $-1.2B | $393.3M | ||
| Q2 24 | $-230.0M | $249.0M |
自由现金流率KEYSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 104.8% | 13.1% | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 65.8% | 26.2% | ||
| Q1 25 | -8.5% | 38.9% | ||
| Q4 24 | 69.2% | 31.7% | ||
| Q3 24 | -175.8% | 38.4% | ||
| Q2 24 | -15.1% | 27.5% |
资本支出强度KEYSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 5.3% | 5.1% | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.3% | 6.4% | ||
| Q1 25 | 0.6% | 4.0% | ||
| Q4 24 | 7.5% | 3.6% | ||
| Q3 24 | 2.4% | 8.1% | ||
| Q2 24 | 0.9% | 2.7% |
现金转化率KEYSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 4.33× | 1.41× | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 2.90× | 2.99× | ||
| Q1 25 | -0.35× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | -0.79× | 2.26× |
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
KEY
暂无分部数据
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
