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摩丁制造（MOD）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是摩丁制造的1.3倍（$1.0B vs $805.0M），思佳讯净利率更高（7.6% vs -5.9%，领先13.5%），摩丁制造同比增速更快（30.5% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -0.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
MOD vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.3倍
$805.0M
营收增速更快
MOD
高出21.9%
8.6%
净利率更高
SWKS
高出13.5%
-5.9%
自由现金流更多
SWKS
多$356.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.0B |
| 净利润 | $-47.4M | $79.2M |
| 毛利率 | 23.1% | 41.3% |
| 营业利润率 | 11.1% | 10.0% |
| 净利率 | -5.9% | 7.6% |
| 营收同比 | 30.5% | 8.6% |
| 净利润同比 | -215.6% | 15.3% |
| 每股收益（稀释后） | $-0.90 | $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MODSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $805.0M | $1.1B | ||
| Q3 25 | $738.9M | — | ||
| Q2 25 | $682.8M | $965.0M | ||
| Q1 25 | $647.2M | $953.2M | ||
| Q4 24 | $616.8M | $1.1B | ||
| Q3 24 | $658.0M | $1.0B | ||
| Q2 24 | $661.5M | $905.5M |
净利润MODSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $-47.4M | $141.4M | ||
| Q3 25 | $44.4M | — | ||
| Q2 25 | $51.2M | $105.0M | ||
| Q1 25 | $49.6M | $68.7M | ||
| Q4 24 | $41.0M | $162.0M | ||
| Q3 24 | $46.1M | $60.5M | ||
| Q2 24 | $47.3M | $120.9M |
毛利率MODSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 23.1% | 40.7% | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | 41.6% | ||
| Q1 25 | 25.6% | 41.1% | ||
| Q4 24 | 24.3% | 41.4% | ||
| Q3 24 | 25.2% | 41.9% | ||
| Q2 24 | 24.6% | 40.2% |
营业利润率MODSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 11.1% | 10.1% | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 11.1% | 11.5% | ||
| Q1 25 | 11.5% | 10.2% | ||
| Q4 24 | 9.6% | 16.9% | ||
| Q3 24 | 11.4% | 5.8% | ||
| Q2 24 | 11.2% | 14.4% |
净利率MODSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | -5.9% | 12.9% | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 7.5% | 10.9% | ||
| Q1 25 | 7.7% | 7.2% | ||
| Q4 24 | 6.6% | 15.2% | ||
| Q3 24 | 7.0% | 5.9% | ||
| Q2 24 | 7.2% | 13.4% |
每股收益（稀释后）MODSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $-0.90 | $0.95 | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $0.95 | $0.70 | ||
| Q1 25 | $0.92 | $0.43 | ||
| Q4 24 | $0.76 | $1.00 | ||
| Q3 24 | $0.86 | $0.36 | ||
| Q2 24 | $0.88 | $0.75 |
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 | $98.7M | $1.6B |
| 总债务越低越好 | $570.7M | $496.6M |
| 股东权益账面价值 | $1.1B | $5.8B |
| 总资产 | $2.5B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MODSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $98.7M | $1.4B | ||
| Q3 25 | $83.8M | — | ||
| Q2 25 | $124.5M | $1.3B | ||
| Q1 25 | $71.6M | $1.5B | ||
| Q4 24 | $83.8M | $1.7B | ||
| Q3 24 | $78.6M | $1.6B | ||
| Q2 24 | $72.9M | $1.3B |
总债务MODSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $570.7M | $496.4M | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | $496.2M | ||
| Q1 25 | $296.7M | $995.1M | ||
| Q4 24 | $330.0M | $994.7M | ||
| Q3 24 | $359.1M | $994.3M | ||
| Q2 24 | $405.7M | $994.0M |
股东权益MODSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | $5.7B | ||
| Q1 25 | $910.2M | $5.9B | ||
| Q4 24 | $855.1M | $6.4B | ||
| Q3 24 | $858.8M | $6.3B | ||
| Q2 24 | $788.4M | $6.3B |
总资产MODSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $2.5B | $7.9B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $7.7B | ||
| Q1 25 | $1.9B | $7.9B | ||
| Q4 24 | $1.8B | $8.3B | ||
| Q3 24 | $1.9B | $8.3B | ||
| Q2 24 | $1.9B | $8.2B |
负债/权益比MODSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.51× | 0.09× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | 0.09× | ||
| Q1 25 | 0.33× | 0.17× | ||
| Q4 24 | 0.39× | 0.16× | ||
| Q3 24 | 0.42× | 0.16× | ||
| Q2 24 | 0.51× | 0.16× |
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 | $24.7M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $339.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 32.7% |
| 资本支出强度资本支出/营收 | 5.2% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $1.1B |
8季度趋势，按日历期对齐
经营现金流MODSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $24.7M | $200.0M | ||
| Q3 25 | $1.4M | — | ||
| Q2 25 | $27.7M | $314.2M | ||
| Q1 25 | $54.8M | $409.4M | ||
| Q4 24 | $60.7M | $377.2M | ||
| Q3 24 | $57.3M | $476.1M | ||
| Q2 24 | $40.5M | $273.4M |
自由现金流MODSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-17.1M | $144.0M | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | $252.7M | ||
| Q1 25 | $27.1M | $370.9M | ||
| Q4 24 | $44.7M | $338.2M | ||
| Q3 24 | $43.8M | $393.3M | ||
| Q2 24 | $13.7M | $249.0M |
自由现金流率MODSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | -2.1% | 13.1% | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | 26.2% | ||
| Q1 25 | 4.2% | 38.9% | ||
| Q4 24 | 7.2% | 31.7% | ||
| Q3 24 | 6.7% | 38.4% | ||
| Q2 24 | 2.1% | 27.5% |
资本支出强度MODSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 5.2% | 5.1% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | 6.4% | ||
| Q1 25 | 4.3% | 4.0% | ||
| Q4 24 | 2.6% | 3.6% | ||
| Q3 24 | 2.1% | 8.1% | ||
| Q2 24 | 4.1% | 2.7% |
现金转化率MODSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | 2.99× | ||
| Q1 25 | 1.10× | 5.96× | ||
| Q4 24 | 1.48× | 2.33× | ||
| Q3 24 | 1.24× | 7.87× | ||
| Q2 24 | 0.86× | 2.26× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
