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泛林半导体（LRCX）与蔚来（NIO）财务数据对比。点击上方公司名可切换其他公司
泛林半导体的季度营收约是蔚来的1.1倍（$5.3B vs $4.7B），泛林半导体净利率更高（29.8% vs 0.8%，领先29.0%），泛林半导体自由现金流更多（$1.2B vs $-439.4M）
泛林半导体是美国面向半导体行业的晶圆制造设备及相关服务供应商，产品主要用于前道晶圆加工，生产半导体器件的有源组件与互连线路，同时也推出后道晶圆级封装、微机电系统（MEMS）等领域的相关制造设备。
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
LRCX vs NIO — 直观对比
营收规模更大
LRCX
是对方的1.1倍
$4.7B
净利率更高
LRCX
高出29.0%
0.8%
自由现金流更多
LRCX
多$1.7B
$-439.4M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $4.7B |
| 净利润 | $1.6B | $38.7M |
| 毛利率 | 49.6% | 17.5% |
| 营业利润率 | 33.9% | 1.5% |
| 净利率 | 29.8% | 0.8% |
| 营收同比 | 22.1% | — |
| 净利润同比 | 33.8% | — |
| 每股收益（稀释后） | $1.26 | $0.05 |
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LRCXNIO
| Q1 26 | — | $4.7B | ||
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $4.7B | $2.7B | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.9B | — |
净利润LRCXNIO
| Q1 26 | — | $38.7M | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $-505.2M | ||
| Q2 25 | $1.7B | $-709.5M | ||
| Q1 25 | $1.3B | $-984.2M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — |
毛利率LRCXNIO
| Q1 26 | — | 17.5% | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | 50.4% | 13.9% | ||
| Q2 25 | 50.1% | 10.0% | ||
| Q1 25 | 49.0% | 11.7% | ||
| Q4 24 | 47.4% | — | ||
| Q3 24 | 48.0% | — | ||
| Q2 24 | 47.5% | — |
营业利润率LRCXNIO
| Q1 26 | — | 1.5% | ||
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.4% | -16.2% | ||
| Q2 25 | 33.7% | -25.8% | ||
| Q1 25 | 33.1% | -30.6% | ||
| Q4 24 | 30.5% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 29.1% | — |
净利率LRCXNIO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 29.8% | — | ||
| Q3 25 | 29.5% | -16.8% | ||
| Q2 25 | 33.3% | -27.0% | ||
| Q1 25 | 28.2% | -36.2% | ||
| Q4 24 | 27.2% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 26.4% | — |
每股收益（稀释后）LRCXNIO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $1.26 | — | ||
| Q3 25 | $1.24 | $-1.51 | ||
| Q2 25 | $1.34 | $-2.31 | ||
| Q1 25 | $1.03 | $-3.47 | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.86 | — | ||
| Q2 24 | $7.78 | — |
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 | $6.2B | $4.4B |
| 总债务越低越好 | $3.7B | — |
| 股东权益账面价值 | $10.1B | $594.8M |
| 总资产 | $21.4B | $17.8B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
现金及短期投资LRCXNIO
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.4B | $2.5B | ||
| Q1 25 | $5.5B | $4.6B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.8B | — |
总债务LRCXNIO
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
股东权益LRCXNIO
| Q1 26 | — | $594.8M | ||
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | — | ||
| Q2 25 | $9.9B | $-168.3M | ||
| Q1 25 | $9.5B | $817.5M | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
总资产LRCXNIO
| Q1 26 | — | $17.8B | ||
| Q4 25 | $21.4B | — | ||
| Q3 25 | $21.9B | — | ||
| Q2 25 | $21.3B | $14.0B | ||
| Q1 25 | $20.0B | $14.7B | ||
| Q4 24 | $19.8B | — | ||
| Q3 24 | $19.5B | — | ||
| Q2 24 | $18.7B | — |
负债/权益比LRCXNIO
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.52× | — |
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 | $1.5B | $427.9M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $-439.4M |
| 自由现金流率自由现金流/营收 | 22.8% | -9.3% |
| 资本支出强度资本支出/营收 | 4.9% | 18.4% |
| 现金转化率经营现金流/净利润 | 0.93× | 11.07× |
| 过去12个月自由现金流最近4个季度 | $6.2B | — |
8季度趋势，按日历期对齐
经营现金流LRCXNIO
| Q1 26 | — | $427.9M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $1.3B | $-1.1B | ||
| Q4 24 | $741.9M | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $862.4M | — |
自由现金流LRCXNIO
| Q1 26 | — | $-439.4M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $1.0B | $-2.3B | ||
| Q4 24 | $553.6M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $761.7M | — |
自由现金流率LRCXNIO
| Q1 26 | — | -9.3% | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 21.6% | -85.6% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 19.7% | — |
资本支出强度LRCXNIO
| Q1 26 | — | 18.4% | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 6.1% | 46.1% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.6% | — |
现金转化率LRCXNIO
| Q1 26 | — | 11.07× | ||
| Q4 25 | 0.93× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 0.85× | — |
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
LRCX
| System | $3.4B | 63% |
| Customer Supportand Other | $2.0B | 37% |
NIO
暂无分部数据
