vs
微芯科技（MCHP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是微芯科技的1.2倍（$1.5B vs $1.2B），微芯科技净利率更高（5.3% vs -3.1%，领先8.4%），微芯科技同比增速更快（15.6% vs -11.9%），微芯科技自由现金流更多（$318.9M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MCHP vs RXO — 直观对比
营收规模更大
RXO
是对方的1.2倍
$1.2B
营收增速更快
MCHP
高出27.5%
-11.9%
净利率更高
MCHP
高出8.4%
-3.1%
自由现金流更多
MCHP
多$327.9M
$-9.0M
两年增速更快
RXO
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $62.7M | $-46.0M |
| 毛利率 | 59.6% | — |
| 营业利润率 | 12.8% | -2.9% |
| 净利率 | 5.3% | -3.1% |
| 营收同比 | 15.6% | -11.9% |
| 净利润同比 | 217.0% | -84.0% |
| 每股收益（稀释后） | $0.06 | $-0.28 |
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MCHPRXO
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $970.5M | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
净利润MCHPRXO
| Q4 25 | $62.7M | $-46.0M | ||
| Q3 25 | $41.7M | $-14.0M | ||
| Q2 25 | $-18.6M | $-9.0M | ||
| Q1 25 | $-154.6M | $-31.0M | ||
| Q4 24 | $-53.6M | $-25.0M | ||
| Q3 24 | $78.4M | $-243.0M | ||
| Q2 24 | $129.3M | $-7.0M | ||
| Q1 24 | $154.7M | $-15.0M |
毛利率MCHPRXO
| 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MCHPRXO
| Q4 25 | 12.8% | -2.9% | ||
| Q3 25 | 7.8% | -0.5% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -10.3% | -2.1% | ||
| Q4 24 | 3.0% | -1.4% | ||
| Q3 24 | 12.6% | -1.9% | ||
| Q2 24 | 17.7% | — | ||
| Q1 24 | 19.1% | -1.3% |
净利率MCHPRXO
| Q4 25 | 5.3% | -3.1% | ||
| Q3 25 | 3.7% | -1.0% | ||
| Q2 25 | -1.7% | -0.6% | ||
| Q1 25 | -15.9% | -2.2% | ||
| Q4 24 | -5.2% | -1.5% | ||
| Q3 24 | 6.7% | -23.4% | ||
| Q2 24 | 10.4% | -0.8% | ||
| Q1 24 | 11.7% | -1.6% |
每股收益（稀释后）MCHPRXO
| Q4 25 | $0.06 | $-0.28 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $-0.09 | $-0.05 | ||
| Q1 25 | $-0.29 | $-0.18 | ||
| Q4 24 | $-0.10 | $-0.17 | ||
| Q3 24 | $0.14 | $-1.81 | ||
| Q2 24 | $0.24 | $-0.06 | ||
| Q1 24 | $0.29 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $5.4B | $387.0M |
| 股东权益账面价值 | $6.6B | $1.5B |
| 总资产 | $14.3B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MCHPRXO
| Q4 25 | $250.7M | $17.0M | ||
| Q3 25 | $236.8M | $25.0M | ||
| Q2 25 | $566.5M | $18.0M | ||
| Q1 25 | $771.7M | $16.0M | ||
| Q4 24 | $586.0M | $35.0M | ||
| Q3 24 | $286.1M | $55.0M | ||
| Q2 24 | $315.1M | $7.0M | ||
| Q1 24 | $319.7M | $7.0M |
总债务MCHPRXO
| Q4 25 | $5.4B | $387.0M | ||
| Q3 25 | $5.4B | $387.0M | ||
| Q2 25 | $5.5B | $387.0M | ||
| Q1 25 | $5.6B | $387.0M | ||
| Q4 24 | $6.7B | $351.0M | ||
| Q3 24 | $6.4B | $352.0M | ||
| Q2 24 | $6.2B | $370.0M | ||
| Q1 24 | $6.0B | $351.0M |
股东权益MCHPRXO
| Q4 25 | $6.6B | $1.5B | ||
| Q3 25 | $6.7B | $1.6B | ||
| Q2 25 | $6.9B | $1.6B | ||
| Q1 25 | $7.1B | $1.6B | ||
| Q4 24 | $6.0B | $1.6B | ||
| Q3 24 | $6.3B | $1.7B | ||
| Q2 24 | $6.4B | $579.0M | ||
| Q1 24 | $6.7B | $582.0M |
总资产MCHPRXO
| Q4 25 | $14.3B | $3.3B | ||
| Q3 25 | $14.5B | $3.2B | ||
| Q2 25 | $15.0B | $3.2B | ||
| Q1 25 | $15.4B | $3.3B | ||
| Q4 24 | $15.6B | $3.4B | ||
| Q3 24 | $15.6B | $3.4B | ||
| Q2 24 | $15.8B | $1.8B | ||
| Q1 24 | $15.9B | $1.8B |
负债/权益比MCHPRXO
| Q4 25 | 0.82× | 0.25× | ||
| Q3 25 | 0.80× | 0.24× | ||
| Q2 25 | 0.80× | 0.24× | ||
| Q1 25 | 0.80× | 0.24× | ||
| Q4 24 | 1.12× | 0.22× | ||
| Q3 24 | 1.02× | 0.21× | ||
| Q2 24 | 0.96× | 0.64× | ||
| Q1 24 | 0.90× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $-9.0M |
| 自由现金流率自由现金流/营收 | 26.9% | -0.6% |
| 资本支出强度资本支出/营收 | 1.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 5.44× | — |
| 过去12个月自由现金流最近4个季度 | $819.9M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MCHPRXO
| Q4 25 | $341.4M | $7.0M | ||
| Q3 25 | $88.1M | $23.0M | ||
| Q2 25 | $275.6M | $23.0M | ||
| Q1 25 | $205.9M | $-2.0M | ||
| Q4 24 | $271.5M | $-7.0M | ||
| Q3 24 | $43.6M | $-7.0M | ||
| Q2 24 | $377.1M | $-5.0M | ||
| Q1 24 | $430.0M | $7.0M |
自由现金流MCHPRXO
| Q4 25 | $318.9M | $-9.0M | ||
| Q3 25 | $51.6M | $9.0M | ||
| Q2 25 | $257.7M | $9.0M | ||
| Q1 25 | $191.7M | $-17.0M | ||
| Q4 24 | $253.4M | $-19.0M | ||
| Q3 24 | $22.8M | $-18.0M | ||
| Q2 24 | $304.2M | $-16.0M | ||
| Q1 24 | $389.9M | $-4.0M |
自由现金流率MCHPRXO
| Q4 25 | 26.9% | -0.6% | ||
| Q3 25 | 4.5% | 0.6% | ||
| Q2 25 | 24.0% | 0.6% | ||
| Q1 25 | 19.8% | -1.2% | ||
| Q4 24 | 24.7% | -1.1% | ||
| Q3 24 | 2.0% | -1.7% | ||
| Q2 24 | 24.5% | -1.7% | ||
| Q1 24 | 29.4% | -0.4% |
资本支出强度MCHPRXO
| Q4 25 | 1.9% | 1.1% | ||
| Q3 25 | 3.2% | 1.0% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 1.8% | 0.7% | ||
| Q3 24 | 1.8% | 1.1% | ||
| Q2 24 | 5.9% | 1.2% | ||
| Q1 24 | 3.0% | 1.2% |
现金转化率MCHPRXO
| Q4 25 | 5.44× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.92× | — | ||
| Q1 24 | 2.78× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
