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莱迪思半导体（LSCC）与丰田北美（MPAA）财务数据对比。点击上方公司名可切换其他公司
丰田北美的季度营收约是莱迪思半导体的1.2倍（$167.7M vs $145.8M），丰田北美净利率更高（1.1% vs -5.2%，领先6.3%），莱迪思半导体同比增速更快（24.2% vs -9.9%），莱迪思半导体自由现金流更多（$44.0M vs $-8.6M），过去两年莱迪思半导体的营收复合增速更高（1.8% vs -5.9%）
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。
丰田北美（TMNA）是丰田汽车旗下负责加拿大、墨西哥及美国全境业务的运营子公司，业务范围覆盖研发、生产制造、销售营销、售后及企业管理等板块，相关核心业务由TMNA统筹，部分板块由其他子公司及控股企业负责执行，公司总部位于得克萨斯州普莱诺，在肯塔基州乔治敦等多地设有分支机构。
LSCC vs MPAA — 直观对比
营收规模更大
MPAA
是对方的1.2倍
$145.8M
营收增速更快
LSCC
高出34.1%
-9.9%
净利率更高
MPAA
高出6.3%
-5.2%
自由现金流更多
LSCC
多$52.6M
$-8.6M
两年增速更快
LSCC
近两年复合增速
-5.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $167.7M |
| 净利润 | $-7.6M | $1.8M |
| 毛利率 | 68.5% | 19.6% |
| 营业利润率 | 0.7% | 5.0% |
| 净利率 | -5.2% | 1.1% |
| 营收同比 | 24.2% | -9.9% |
| 净利润同比 | -146.3% | -22.4% |
| 每股收益（稀释后） | $-0.06 | $0.09 |
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LSCCMPAA
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $167.7M | ||
| Q3 25 | $133.3M | $221.5M | ||
| Q2 25 | $124.0M | $188.4M | ||
| Q1 25 | $120.2M | $193.1M | ||
| Q4 24 | $117.4M | $186.2M | ||
| Q3 24 | $127.1M | $208.2M | ||
| Q2 24 | $124.1M | $169.9M |
净利润LSCCMPAA
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | $1.8M | ||
| Q3 25 | $2.8M | $-2.1M | ||
| Q2 25 | $2.9M | $3.0M | ||
| Q1 25 | $5.0M | $-722.0K | ||
| Q4 24 | $16.5M | $2.3M | ||
| Q3 24 | $7.2M | $-3.0M | ||
| Q2 24 | $22.6M | $-18.1M |
毛利率LSCCMPAA
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | 67.9% | 19.3% | ||
| Q2 25 | 68.4% | 18.0% | ||
| Q1 25 | 68.0% | 19.9% | ||
| Q4 24 | 61.1% | 24.1% | ||
| Q3 24 | 69.0% | 19.8% | ||
| Q2 24 | 68.3% | 17.2% |
营业利润率LSCCMPAA
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | -1.2% | 7.4% | ||
| Q2 25 | 3.8% | 10.7% | ||
| Q1 25 | 5.8% | 8.4% | ||
| Q4 24 | -10.4% | 9.4% | ||
| Q3 24 | 5.9% | 6.0% | ||
| Q2 24 | 18.2% | -3.8% |
净利率LSCCMPAA
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | 2.1% | -1.0% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 4.2% | -0.4% | ||
| Q4 24 | 14.1% | 1.2% | ||
| Q3 24 | 5.7% | -1.4% | ||
| Q2 24 | 18.2% | -10.6% |
每股收益（稀释后）LSCCMPAA
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | $0.02 | $-0.11 | ||
| Q2 25 | $0.02 | $0.15 | ||
| Q1 25 | $0.04 | $-0.03 | ||
| Q4 24 | $0.12 | $0.11 | ||
| Q3 24 | $0.05 | $-0.15 | ||
| Q2 24 | $0.16 | $-0.92 |
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 | $19.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $714.1M | $258.5M |
| 总资产 | $883.1M | $991.3M |
| 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LSCCMPAA
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $19.6M | ||
| Q3 25 | $117.9M | $17.7M | ||
| Q2 25 | $107.2M | $14.5M | ||
| Q1 25 | $127.6M | $11.3M | ||
| Q4 24 | $136.3M | $12.7M | ||
| Q3 24 | $124.3M | $12.3M | ||
| Q2 24 | $109.2M | $9.4M |
股东权益LSCCMPAA
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $258.5M | ||
| Q3 25 | $706.4M | $258.5M | ||
| Q2 25 | $687.0M | $260.1M | ||
| Q1 25 | $707.9M | $257.7M | ||
| Q4 24 | $710.9M | $262.7M | ||
| Q3 24 | $703.5M | $264.0M | ||
| Q2 24 | $698.8M | $267.2M |
总资产LSCCMPAA
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $991.3M | ||
| Q3 25 | $844.4M | $990.0M | ||
| Q2 25 | $808.6M | $973.4M | ||
| Q1 25 | $823.6M | $957.6M | ||
| Q4 24 | $843.9M | $949.5M | ||
| Q3 24 | $853.7M | $986.2M | ||
| Q2 24 | $827.5M | $978.0M |
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 | $-8.2M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $-8.6M |
| 自由现金流率自由现金流/营收 | 30.2% | -5.2% |
| 资本支出强度资本支出/营收 | 9.3% | 0.2% |
| 现金转化率经营现金流/净利润 | — | -4.63× |
| 过去12个月自由现金流最近4个季度 | $132.6M | $27.7M |
8季度趋势，按日历期对齐
经营现金流LSCCMPAA
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $-8.2M | ||
| Q3 25 | $47.1M | $21.9M | ||
| Q2 25 | $38.5M | $10.0M | ||
| Q1 25 | $31.9M | $9.1M | ||
| Q4 24 | $45.4M | $34.4M | ||
| Q3 24 | $44.0M | $22.9M | ||
| Q2 24 | $21.9M | $-20.8M |
自由现金流LSCCMPAA
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $34.0M | $20.8M | ||
| Q2 25 | $31.3M | $9.2M | ||
| Q1 25 | $23.3M | $6.2M | ||
| Q4 24 | $39.7M | $33.7M | ||
| Q3 24 | $39.4M | $22.3M | ||
| Q2 24 | $14.8M | $-21.3M |
自由现金流率LSCCMPAA
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | -5.2% | ||
| Q3 25 | 25.5% | 9.4% | ||
| Q2 25 | 25.2% | 4.9% | ||
| Q1 25 | 19.4% | 3.2% | ||
| Q4 24 | 33.8% | 18.1% | ||
| Q3 24 | 31.0% | 10.7% | ||
| Q2 24 | 11.9% | -12.6% |
资本支出强度LSCCMPAA
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 9.8% | 0.5% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 7.2% | 1.5% | ||
| Q4 24 | 4.9% | 0.4% | ||
| Q3 24 | 3.7% | 0.3% | ||
| Q2 24 | 5.8% | 0.3% |
现金转化率LSCCMPAA
| Q1 26 | — | — | ||
| Q4 25 | — | -4.63× | ||
| Q3 25 | 16.86× | — | ||
| Q2 25 | 13.23× | 3.30× | ||
| Q1 25 | 6.35× | — | ||
| Q4 24 | 2.75× | 15.00× | ||
| Q3 24 | 6.12× | — | ||
| Q2 24 | 0.97× | — |
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% |
MPAA
| Reportable Segment Aggregation Before Other Operating Segment | $156.3M | 93% |
| Other | $11.4M | 7% |
