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莱迪思半导体（LSCC）与Merchants Bancorp（MBIN）财务数据对比。点击上方公司名可切换其他公司
Merchants Bancorp的季度营收约是莱迪思半导体的1.2倍（$175.2M vs $145.8M），Merchants Bancorp净利率更高（38.6% vs -5.2%，领先43.9%），过去两年Merchants Bancorp的营收复合增速更高（4.8% vs 1.8%）
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
Ameris Bancorp是总部位于美国佐治亚州亚特兰大的银行控股企业，旗下设有Ameris Bank子公司，在佐治亚州、阿拉巴马州、佛罗里达州、北卡罗来纳州、南卡罗来纳州运营全服务网点，同时在上述五州及弗吉尼亚州、马里兰州、田纳西州设立仅办理抵押贷款业务的网点，为个人和企业客户提供线上及移动端银行服务。
LSCC vs MBIN — 直观对比
营收规模更大
MBIN
是对方的1.2倍
$145.8M
净利率更高
MBIN
高出43.9%
-5.2%
两年增速更快
MBIN
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $175.2M |
| 净利润 | $-7.6M | $67.7M |
| 毛利率 | 68.5% | — |
| 营业利润率 | 0.7% | — |
| 净利率 | -5.2% | 38.6% |
| 营收同比 | 24.2% | — |
| 净利润同比 | -146.3% | 16.3% |
| 每股收益（稀释后） | $-0.06 | $1.25 |
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LSCCMBIN
| Q1 26 | $145.8M | $175.2M | ||
| Q4 25 | — | $185.3M | ||
| Q3 25 | $133.3M | $171.1M | ||
| Q2 25 | $124.0M | $179.2M | ||
| Q1 25 | $120.2M | $145.9M | ||
| Q4 24 | $117.4M | $193.8M | ||
| Q3 24 | $127.1M | $149.6M | ||
| Q2 24 | $124.1M | $159.5M |
净利润LSCCMBIN
| Q1 26 | $-7.6M | $67.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.8M | $54.7M | ||
| Q2 25 | $2.9M | $38.0M | ||
| Q1 25 | $5.0M | $58.2M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $7.2M | $61.3M | ||
| Q2 24 | $22.6M | $76.4M |
毛利率LSCCMBIN
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 67.9% | — | ||
| Q2 25 | 68.4% | — | ||
| Q1 25 | 68.0% | — | ||
| Q4 24 | 61.1% | — | ||
| Q3 24 | 69.0% | — | ||
| Q2 24 | 68.3% | — |
营业利润率LSCCMBIN
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 39.9% | ||
| Q3 25 | -1.2% | 37.8% | ||
| Q2 25 | 3.8% | 27.3% | ||
| Q1 25 | 5.8% | 52.4% | ||
| Q4 24 | -10.4% | 66.0% | ||
| Q3 24 | 5.9% | 54.4% | ||
| Q2 24 | 18.2% | 62.2% |
净利率LSCCMBIN
| Q1 26 | -5.2% | 38.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.1% | 32.0% | ||
| Q2 25 | 2.3% | 21.2% | ||
| Q1 25 | 4.2% | 39.9% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 5.7% | 41.0% | ||
| Q2 24 | 18.2% | 47.9% |
每股收益（稀释后）LSCCMBIN
| Q1 26 | $-0.06 | $1.25 | ||
| Q4 25 | — | $1.28 | ||
| Q3 25 | $0.02 | $0.97 | ||
| Q2 25 | $0.02 | $0.60 | ||
| Q1 25 | $0.04 | $0.93 | ||
| Q4 24 | $0.12 | $1.84 | ||
| Q3 24 | $0.05 | $1.17 | ||
| Q2 24 | $0.16 | $1.49 |
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 | $133.9M | $83.2M |
| 总债务越低越好 | — | $32.0M |
| 股东权益账面价值 | $714.1M | $2.3B |
| 总资产 | $883.1M | $20.3B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资LSCCMBIN
| Q1 26 | $133.9M | $83.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | $117.9M | — | ||
| Q2 25 | $107.2M | — | ||
| Q1 25 | $127.6M | — | ||
| Q4 24 | $136.3M | — | ||
| Q3 24 | $124.3M | — | ||
| Q2 24 | $109.2M | — |
总债务LSCCMBIN
| Q1 26 | — | $32.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LSCCMBIN
| Q1 26 | $714.1M | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $706.4M | $2.2B | ||
| Q2 25 | $687.0M | $2.2B | ||
| Q1 25 | $707.9M | $2.2B | ||
| Q4 24 | $710.9M | $2.2B | ||
| Q3 24 | $703.5M | $1.9B | ||
| Q2 24 | $698.8M | $1.9B |
总资产LSCCMBIN
| Q1 26 | $883.1M | $20.3B | ||
| Q4 25 | — | $19.4B | ||
| Q3 25 | $844.4M | $19.4B | ||
| Q2 25 | $808.6M | $19.1B | ||
| Q1 25 | $823.6M | $18.8B | ||
| Q4 24 | $843.9M | $18.8B | ||
| Q3 24 | $853.7M | $18.7B | ||
| Q2 24 | $827.5M | $18.2B |
负债/权益比LSCCMBIN
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $57.6M | — |
| 自由现金流经营现金流 - 资本支出 | $44.0M | — |
| 自由现金流率自由现金流/营收 | 30.2% | — |
| 资本支出强度资本支出/营收 | 9.3% | — |
| 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 | $132.6M | — |
8季度趋势，按日历期对齐
经营现金流LSCCMBIN
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $-341.2M | ||
| Q3 25 | $47.1M | $29.8M | ||
| Q2 25 | $38.5M | $-121.2M | ||
| Q1 25 | $31.9M | $148.0M | ||
| Q4 24 | $45.4M | $-835.3M | ||
| Q3 24 | $44.0M | $-492.6M | ||
| Q2 24 | $21.9M | $51.1M |
自由现金流LSCCMBIN
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $-362.2M | ||
| Q3 25 | $34.0M | $24.0M | ||
| Q2 25 | $31.3M | $-125.7M | ||
| Q1 25 | $23.3M | $141.2M | ||
| Q4 24 | $39.7M | $-853.7M | ||
| Q3 24 | $39.4M | $-497.2M | ||
| Q2 24 | $14.8M | $45.8M |
自由现金流率LSCCMBIN
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | -195.5% | ||
| Q3 25 | 25.5% | 14.0% | ||
| Q2 25 | 25.2% | -70.1% | ||
| Q1 25 | 19.4% | 96.8% | ||
| Q4 24 | 33.8% | -440.6% | ||
| Q3 24 | 31.0% | -332.4% | ||
| Q2 24 | 11.9% | 28.7% |
资本支出强度LSCCMBIN
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | 9.8% | 3.4% | ||
| Q2 25 | 5.8% | 2.5% | ||
| Q1 25 | 7.2% | 4.7% | ||
| Q4 24 | 4.9% | 9.5% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 5.8% | 3.3% |
现金转化率LSCCMBIN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.86× | 0.54× | ||
| Q2 25 | 13.23× | -3.19× | ||
| Q1 25 | 6.35× | 2.54× | ||
| Q4 24 | 2.75× | — | ||
| Q3 24 | 6.12× | -8.04× | ||
| Q2 24 | 0.97× | 0.67× |
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
LSCC
| Asia | $106.3M | 73% |
| Americas | $21.0M | 14% |
| Europe | $18.5M | 13% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
