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微芯科技（MCHP）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
微芯科技的季度营收约是STEPAN CO的2.0倍（$1.2B vs $604.5M），微芯科技净利率更高（5.3% vs 3.3%，领先2.0%），微芯科技同比增速更快（15.6% vs 1.9%），过去两年STEPAN CO的营收复合增速更高（4.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
MCHP vs SCL — 直观对比
营收规模更大
MCHP
是对方的2.0倍
$604.5M
营收增速更快
MCHP
高出13.7%
1.9%
净利率更高
MCHP
高出2.0%
3.3%
两年增速更快
SCL
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $604.5M |
| 净利润 | $62.7M | $19.7M |
| 毛利率 | 59.6% | 10.7% |
| 营业利润率 | 12.8% | 4.7% |
| 净利率 | 5.3% | 3.3% |
| 营收同比 | 15.6% | 1.9% |
| 净利润同比 | 217.0% | — |
| 每股收益（稀释后） | $0.06 | $0.86 |
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MCHPSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $1.2B | $553.9M | ||
| Q3 25 | $1.1B | $590.3M | ||
| Q2 25 | $1.1B | $594.7M | ||
| Q1 25 | $970.5M | $593.3M | ||
| Q4 24 | $1.0B | $525.6M | ||
| Q3 24 | $1.2B | $546.8M | ||
| Q2 24 | $1.2B | $556.4M |
净利润MCHPSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $62.7M | $5.0M | ||
| Q3 25 | $41.7M | $10.8M | ||
| Q2 25 | $-18.6M | $11.3M | ||
| Q1 25 | $-154.6M | $19.7M | ||
| Q4 24 | $-53.6M | $3.4M | ||
| Q3 24 | $78.4M | $23.6M | ||
| Q2 24 | $129.3M | $9.5M |
毛利率MCHPSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 59.6% | 9.3% | ||
| Q3 25 | 55.9% | 12.0% | ||
| Q2 25 | 53.6% | 12.1% | ||
| Q1 25 | 51.6% | 12.7% | ||
| Q4 24 | 54.7% | 10.8% | ||
| Q3 24 | 57.4% | 13.8% | ||
| Q2 24 | 59.4% | 12.5% |
营业利润率MCHPSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 12.8% | 1.9% | ||
| Q3 25 | 7.8% | 3.7% | ||
| Q2 25 | 3.0% | 3.0% | ||
| Q1 25 | -10.3% | 4.8% | ||
| Q4 24 | 3.0% | 1.5% | ||
| Q3 24 | 12.6% | 4.4% | ||
| Q2 24 | 17.7% | 3.4% |
净利率MCHPSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 5.3% | 0.9% | ||
| Q3 25 | 3.7% | 1.8% | ||
| Q2 25 | -1.7% | 1.9% | ||
| Q1 25 | -15.9% | 3.3% | ||
| Q4 24 | -5.2% | 0.6% | ||
| Q3 24 | 6.7% | 4.3% | ||
| Q2 24 | 10.4% | 1.7% |
每股收益（稀释后）MCHPSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.06 | $0.22 | ||
| Q3 25 | $0.03 | $0.47 | ||
| Q2 25 | $-0.09 | $0.50 | ||
| Q1 25 | $-0.29 | $0.86 | ||
| Q4 24 | $-0.10 | $0.14 | ||
| Q3 24 | $0.14 | $1.03 | ||
| Q2 24 | $0.24 | $0.42 |
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 | — |
| 总债务越低越好 | $5.4B | $328.4M |
| 股东权益账面价值 | $6.6B | $1.2B |
| 总资产 | $14.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | $250.7M | $132.7M | ||
| Q3 25 | $236.8M | $118.5M | ||
| Q2 25 | $566.5M | $88.9M | ||
| Q1 25 | $771.7M | $107.5M | ||
| Q4 24 | $586.0M | $99.7M | ||
| Q3 24 | $286.1M | $147.3M | ||
| Q2 24 | $315.1M | $124.7M |
总债务MCHPSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $5.4B | $626.7M | ||
| Q3 25 | $5.4B | $655.5M | ||
| Q2 25 | $5.5B | $658.0M | ||
| Q1 25 | $5.6B | $659.3M | ||
| Q4 24 | $6.7B | $625.4M | ||
| Q3 24 | $6.4B | $688.5M | ||
| Q2 24 | $6.2B | $657.1M |
股东权益MCHPSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $6.6B | $1.2B | ||
| Q3 25 | $6.7B | $1.2B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.1B | $1.2B | ||
| Q4 24 | $6.0B | $1.2B | ||
| Q3 24 | $6.3B | $1.2B | ||
| Q2 24 | $6.4B | $1.2B |
总资产MCHPSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $14.3B | $2.4B | ||
| Q3 25 | $14.5B | $2.4B | ||
| Q2 25 | $15.0B | $2.4B | ||
| Q1 25 | $15.4B | $2.4B | ||
| Q4 24 | $15.6B | $2.3B | ||
| Q3 24 | $15.6B | $2.4B | ||
| Q2 24 | $15.8B | $2.3B |
负债/权益比MCHPSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.82× | 0.50× | ||
| Q3 25 | 0.80× | 0.53× | ||
| Q2 25 | 0.80× | 0.53× | ||
| Q1 25 | 0.80× | 0.55× | ||
| Q4 24 | 1.12× | 0.53× | ||
| Q3 24 | 1.02× | 0.56× | ||
| Q2 24 | 0.96× | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $318.9M | — |
| 自由现金流率自由现金流/营收 | 26.9% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 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季度趋势，按日历期对齐
经营现金流MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | $341.4M | $60.0M | ||
| Q3 25 | $88.1M | $69.8M | ||
| Q2 25 | $275.6M | $11.2M | ||
| Q1 25 | $205.9M | $6.9M | ||
| Q4 24 | $271.5M | $68.3M | ||
| Q3 24 | $43.6M | $22.7M | ||
| Q2 24 | $377.1M | $29.5M |
自由现金流MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | $318.9M | $25.4M | ||
| Q3 25 | $51.6M | $40.2M | ||
| Q2 25 | $257.7M | $-14.4M | ||
| Q1 25 | $191.7M | $-25.8M | ||
| Q4 24 | $253.4M | $32.1M | ||
| Q3 24 | $22.8M | $-4.0M | ||
| Q2 24 | $304.2M | $-208.0K |
自由现金流率MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | 26.9% | 4.6% | ||
| Q3 25 | 4.5% | 6.8% | ||
| Q2 25 | 24.0% | -2.4% | ||
| Q1 25 | 19.8% | -4.3% | ||
| Q4 24 | 24.7% | 6.1% | ||
| Q3 24 | 2.0% | -0.7% | ||
| Q2 24 | 24.5% | -0.0% |
资本支出强度MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 6.3% | ||
| Q3 25 | 3.2% | 5.0% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 1.5% | 5.5% | ||
| Q4 24 | 1.8% | 6.9% | ||
| Q3 24 | 1.8% | 4.9% | ||
| Q2 24 | 5.9% | 5.3% |
现金转化率MCHPSCL
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | 11.99× | ||
| Q3 25 | 2.11× | 6.44× | ||
| Q2 25 | — | 0.99× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 20.38× | ||
| Q3 24 | 0.56× | 0.96× | ||
| Q2 24 | 2.92× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
