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微芯科技（MCHP）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是微芯科技的1.0倍（$1.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 5.3%，领先3.8%），微芯科技同比增速更快（15.6% vs 5.4%），微芯科技自由现金流更多（$318.9M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -5.4%）
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
MCHP vs RBA — 直观对比
营收规模更大
RBA
是对方的1.0倍
$1.2B
营收增速更快
MCHP
高出10.2%
5.4%
净利率更高
RBA
高出3.8%
5.3%
自由现金流更多
MCHP
多$132.4M
$186.5M
两年增速更快
RBA
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $62.7M | $109.7M |
| 毛利率 | 59.6% | — |
| 营业利润率 | 12.8% | 14.7% |
| 净利率 | 5.3% | 9.1% |
| 营收同比 | 15.6% | 5.4% |
| 净利润同比 | 217.0% | -7.4% |
| 每股收益（稀释后） | $0.06 | $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MCHPRBA
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $970.5M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.2B | $981.8M | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润MCHPRBA
| Q4 25 | $62.7M | $109.7M | ||
| Q3 25 | $41.7M | $95.5M | ||
| Q2 25 | $-18.6M | $109.8M | ||
| Q1 25 | $-154.6M | $113.4M | ||
| Q4 24 | $-53.6M | $118.5M | ||
| Q3 24 | $78.4M | $76.1M | ||
| Q2 24 | $129.3M | $111.1M | ||
| Q1 24 | $154.7M | $107.4M |
毛利率MCHPRBA
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | — | ||
| Q1 24 | 59.6% | — |
营业利润率MCHPRBA
| Q4 25 | 12.8% | 14.7% | ||
| Q3 25 | 7.8% | 14.5% | ||
| Q2 25 | 3.0% | 15.9% | ||
| Q1 25 | -10.3% | 17.1% | ||
| Q4 24 | 3.0% | 18.1% | ||
| Q3 24 | 12.6% | 15.6% | ||
| Q2 24 | 17.7% | 18.4% | ||
| Q1 24 | 19.1% | 18.7% |
净利率MCHPRBA
| Q4 25 | 5.3% | 9.1% | ||
| Q3 25 | 3.7% | 8.7% | ||
| Q2 25 | -1.7% | 9.3% | ||
| Q1 25 | -15.9% | 10.2% | ||
| Q4 24 | -5.2% | 10.4% | ||
| Q3 24 | 6.7% | 7.8% | ||
| Q2 24 | 10.4% | 10.1% | ||
| Q1 24 | 11.7% | 10.1% |
每股收益（稀释后）MCHPRBA
| Q4 25 | $0.06 | $0.53 | ||
| Q3 25 | $0.03 | $0.43 | ||
| Q2 25 | $-0.09 | $0.53 | ||
| Q1 25 | $-0.29 | $0.55 | ||
| Q4 24 | $-0.10 | $0.58 | ||
| Q3 24 | $0.14 | $0.36 | ||
| Q2 24 | $0.24 | $0.54 | ||
| Q1 24 | $0.29 | $0.53 |
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 | $250.7M | $531.5M |
| 总债务越低越好 | $5.4B | $2.3B |
| 股东权益账面价值 | $6.6B | $5.6B |
| 总资产 | $14.3B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MCHPRBA
| Q4 25 | $250.7M | $531.5M | ||
| Q3 25 | $236.8M | $674.7M | ||
| Q2 25 | $566.5M | $710.2M | ||
| Q1 25 | $771.7M | $578.1M | ||
| Q4 24 | $586.0M | $533.9M | ||
| Q3 24 | $286.1M | $650.7M | ||
| Q2 24 | $315.1M | $599.5M | ||
| Q1 24 | $319.7M | $462.8M |
总债务MCHPRBA
| Q4 25 | $5.4B | $2.3B | ||
| Q3 25 | $5.4B | $2.6B | ||
| Q2 25 | $5.5B | $2.6B | ||
| Q1 25 | $5.6B | $2.6B | ||
| Q4 24 | $6.7B | $2.6B | ||
| Q3 24 | $6.4B | $2.7B | ||
| Q2 24 | $6.2B | $2.8B | ||
| Q1 24 | $6.0B | $2.9B |
股东权益MCHPRBA
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.7B | $5.5B | ||
| Q2 25 | $6.9B | $5.5B | ||
| Q1 25 | $7.1B | $5.3B | ||
| Q4 24 | $6.0B | $5.2B | ||
| Q3 24 | $6.3B | $5.2B | ||
| Q2 24 | $6.4B | $5.2B | ||
| Q1 24 | $6.7B | $5.1B |
总资产MCHPRBA
| Q4 25 | $14.3B | $12.1B | ||
| Q3 25 | $14.5B | $12.2B | ||
| Q2 25 | $15.0B | $12.2B | ||
| Q1 25 | $15.4B | $11.9B | ||
| Q4 24 | $15.6B | $11.8B | ||
| Q3 24 | $15.6B | $11.9B | ||
| Q2 24 | $15.8B | $12.1B | ||
| Q1 24 | $15.9B | $12.0B |
负债/权益比MCHPRBA
| Q4 25 | 0.82× | 0.42× | ||
| Q3 25 | 0.80× | 0.47× | ||
| Q2 25 | 0.80× | 0.47× | ||
| Q1 25 | 0.80× | 0.50× | ||
| Q4 24 | 1.12× | 0.50× | ||
| Q3 24 | 1.02× | 0.52× | ||
| Q2 24 | 0.96× | 0.55× | ||
| Q1 24 | 0.90× | 0.58× |
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 | $341.4M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $186.5M |
| 自由现金流率自由现金流/营收 | 26.9% | 15.5% |
| 资本支出强度资本支出/营收 | 1.9% | 5.7% |
| 现金转化率经营现金流/净利润 | 5.44× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $819.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流MCHPRBA
| Q4 25 | $341.4M | $255.2M | ||
| Q3 25 | $88.1M | $239.7M | ||
| Q2 25 | $275.6M | $326.5M | ||
| Q1 25 | $205.9M | $156.8M | ||
| Q4 24 | $271.5M | $184.5M | ||
| Q3 24 | $43.6M | $285.4M | ||
| Q2 24 | $377.1M | $337.3M | ||
| Q1 24 | $430.0M | $124.8M |
自由现金流MCHPRBA
| Q4 25 | $318.9M | $186.5M | ||
| Q3 25 | $51.6M | $188.5M | ||
| Q2 25 | $257.7M | $241.7M | ||
| Q1 25 | $191.7M | $102.5M | ||
| Q4 24 | $253.4M | $127.9M | ||
| Q3 24 | $22.8M | $248.5M | ||
| Q2 24 | $304.2M | $308.6M | ||
| Q1 24 | $389.9M | $79.6M |
自由现金流率MCHPRBA
| Q4 25 | 26.9% | 15.5% | ||
| Q3 25 | 4.5% | 17.3% | ||
| Q2 25 | 24.0% | 20.4% | ||
| Q1 25 | 19.8% | 9.2% | ||
| Q4 24 | 24.7% | 11.2% | ||
| Q3 24 | 2.0% | 25.3% | ||
| Q2 24 | 24.5% | 28.2% | ||
| Q1 24 | 29.4% | 7.5% |
资本支出强度MCHPRBA
| Q4 25 | 1.9% | 5.7% | ||
| Q3 25 | 3.2% | 4.7% | ||
| Q2 25 | 1.7% | 7.2% | ||
| Q1 25 | 1.5% | 4.9% | ||
| Q4 24 | 1.8% | 5.0% | ||
| Q3 24 | 1.8% | 3.8% | ||
| Q2 24 | 5.9% | 2.6% | ||
| Q1 24 | 3.0% | 4.2% |
现金转化率MCHPRBA
| Q4 25 | 5.44× | 2.33× | ||
| Q3 25 | 2.11× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 0.56× | 3.75× | ||
| Q2 24 | 2.92× | 3.04× | ||
| Q1 24 | 2.78× | 1.16× |
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
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
