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莱迪思半导体（LSCC）与ProPetro Holding Corp.（PUMP）财务数据对比。点击上方公司名可切换其他公司
ProPetro Holding Corp.的季度营收约是莱迪思半导体的2.0倍（$289.7M vs $145.8M），莱迪思半导体同比增速更快（24.2% vs -9.6%），莱迪思半导体自由现金流更多（$44.0M vs $16.8M），过去两年莱迪思半导体的营收复合增速更高（1.8% vs -15.5%）
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。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
LSCC vs PUMP — 直观对比
营收规模更大
PUMP
是对方的2.0倍
$145.8M
营收增速更快
LSCC
高出33.8%
-9.6%
自由现金流更多
LSCC
多$27.2M
$16.8M
两年增速更快
LSCC
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $289.7M |
| 净利润 | $-7.6M | — |
| 毛利率 | 68.5% | — |
| 营业利润率 | 0.7% | 2.1% |
| 净利率 | -5.2% | — |
| 营收同比 | 24.2% | -9.6% |
| 净利润同比 | -146.3% | — |
| 每股收益（稀释后） | $-0.06 | $0.01 |
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LSCCPUMP
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $289.7M | ||
| Q3 25 | $133.3M | $293.9M | ||
| Q2 25 | $124.0M | $326.2M | ||
| Q1 25 | $120.2M | $359.4M | ||
| Q4 24 | $117.4M | $320.6M | ||
| Q3 24 | $127.1M | $360.9M | ||
| Q2 24 | $124.1M | $357.0M |
净利润LSCCPUMP
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.8M | $-2.4M | ||
| Q2 25 | $2.9M | $-7.2M | ||
| Q1 25 | $5.0M | $9.6M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $7.2M | $-137.1M | ||
| Q2 24 | $22.6M | $-3.7M |
毛利率LSCCPUMP
| 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LSCCPUMP
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | -1.2% | -2.1% | ||
| Q2 25 | 3.8% | -1.0% | ||
| Q1 25 | 5.8% | 2.6% | ||
| Q4 24 | -10.4% | -5.8% | ||
| Q3 24 | 5.9% | -49.4% | ||
| Q2 24 | 18.2% | -0.1% |
净利率LSCCPUMP
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.1% | -0.8% | ||
| Q2 25 | 2.3% | -2.2% | ||
| Q1 25 | 4.2% | 2.7% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 5.7% | -38.0% | ||
| Q2 24 | 18.2% | -1.0% |
每股收益（稀释后）LSCCPUMP
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | $0.02 | $-0.02 | ||
| Q2 25 | $0.02 | $-0.07 | ||
| Q1 25 | $0.04 | $0.09 | ||
| Q4 24 | $0.12 | $-0.14 | ||
| Q3 24 | $0.05 | $-1.32 | ||
| Q2 24 | $0.16 | $-0.03 |
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 | $91.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $714.1M | $829.8M |
| 总资产 | $883.1M | $1.3B |
| 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LSCCPUMP
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $91.3M | ||
| Q3 25 | $117.9M | $76.7M | ||
| Q2 25 | $107.2M | $83.0M | ||
| Q1 25 | $127.6M | $71.4M | ||
| Q4 24 | $136.3M | $58.3M | ||
| Q3 24 | $124.3M | $54.0M | ||
| Q2 24 | $109.2M | $74.7M |
股东权益LSCCPUMP
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $829.8M | ||
| Q3 25 | $706.4M | $826.2M | ||
| Q2 25 | $687.0M | $824.0M | ||
| Q1 25 | $707.9M | $826.5M | ||
| Q4 24 | $710.9M | $816.3M | ||
| Q3 24 | $703.5M | $833.0M | ||
| Q2 24 | $698.8M | $975.8M |
总资产LSCCPUMP
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $844.4M | $1.3B | ||
| Q2 25 | $808.6M | $1.2B | ||
| Q1 25 | $823.6M | $1.2B | ||
| Q4 24 | $843.9M | $1.2B | ||
| Q3 24 | $853.7M | $1.3B | ||
| Q2 24 | $827.5M | $1.5B |
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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $16.8M |
| 自由现金流率自由现金流/营收 | 30.2% | 5.8% |
| 资本支出强度资本支出/营收 | 9.3% | 22.2% |
| 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 | $45.3M |
8季度趋势，按日历期对齐
经营现金流LSCCPUMP
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $81.0M | ||
| Q3 25 | $47.1M | $41.7M | ||
| Q2 25 | $38.5M | $54.2M | ||
| Q1 25 | $31.9M | $54.7M | ||
| Q4 24 | $45.4M | $37.9M | ||
| Q3 24 | $44.0M | $34.7M | ||
| Q2 24 | $21.9M | $104.9M |
自由现金流LSCCPUMP
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $16.8M | ||
| Q3 25 | $34.0M | $-2.4M | ||
| Q2 25 | $31.3M | $17.1M | ||
| Q1 25 | $23.3M | $13.8M | ||
| Q4 24 | $39.7M | $10.0M | ||
| Q3 24 | $39.4M | $-6.0M | ||
| Q2 24 | $14.8M | $67.7M |
自由现金流率LSCCPUMP
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | 25.5% | -0.8% | ||
| Q2 25 | 25.2% | 5.2% | ||
| Q1 25 | 19.4% | 3.8% | ||
| Q4 24 | 33.8% | 3.1% | ||
| Q3 24 | 31.0% | -1.7% | ||
| Q2 24 | 11.9% | 19.0% |
资本支出强度LSCCPUMP
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 22.2% | ||
| Q3 25 | 9.8% | 15.0% | ||
| Q2 25 | 5.8% | 11.4% | ||
| Q1 25 | 7.2% | 11.4% | ||
| Q4 24 | 4.9% | 8.7% | ||
| Q3 24 | 3.7% | 11.3% | ||
| Q2 24 | 5.8% | 10.4% |
现金转化率LSCCPUMP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.86× | — | ||
| Q2 25 | 13.23× | — | ||
| Q1 25 | 6.35× | 5.70× | ||
| Q4 24 | 2.75× | — | ||
| 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% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
