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Monolithic Power Systems（MPWR）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是Monolithic Power Systems的1.9倍（$1.4B vs $751.2M），Monolithic Power Systems净利率更高（22.9% vs 3.1%，领先19.7%），Monolithic Power Systems同比增速更快（20.8% vs 2.6%），希悦尔自由现金流更多（$257.7M vs $63.9M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs 2.7%）
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
MPWR vs SEE — 直观对比
营收规模更大
SEE
是对方的1.9倍
$751.2M
营收增速更快
MPWR
高出18.2%
2.6%
净利率更高
MPWR
高出19.7%
3.1%
自由现金流更多
SEE
多$193.8M
$63.9M
两年增速更快
MPWR
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.2M | $1.4B |
| 净利润 | $171.7M | $43.8M |
| 毛利率 | 55.2% | 28.6% |
| 营业利润率 | 26.6% | 11.4% |
| 净利率 | 22.9% | 3.1% |
| 营收同比 | 20.8% | 2.6% |
| 净利润同比 | -86.3% | 700.0% |
| 每股收益（稀释后） | $3.50 | $0.30 |
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MPWRSEE
| Q4 25 | $751.2M | $1.4B | ||
| Q3 25 | $737.2M | $1.3B | ||
| Q2 25 | $664.6M | $1.3B | ||
| Q1 25 | $637.6M | $1.3B | ||
| Q4 24 | $621.7M | $1.4B | ||
| Q3 24 | $620.1M | $1.3B | ||
| Q2 24 | $507.4M | $1.3B | ||
| Q1 24 | $457.9M | $1.3B |
净利润MPWRSEE
| Q4 25 | $171.7M | $43.8M | ||
| Q3 25 | $179.8M | $255.1M | ||
| Q2 25 | $135.0M | $93.1M | ||
| Q1 25 | $135.1M | $113.5M | ||
| Q4 24 | $1.3B | $-7.3M | ||
| Q3 24 | $144.4M | $91.7M | ||
| Q2 24 | $100.4M | $98.3M | ||
| Q1 24 | $92.5M | $82.0M |
毛利率MPWRSEE
| Q4 25 | 55.2% | 28.6% | ||
| Q3 25 | 55.1% | 29.8% | ||
| Q2 25 | 55.1% | 30.7% | ||
| Q1 25 | 55.4% | 30.9% | ||
| Q4 24 | 55.4% | 30.0% | ||
| Q3 24 | 55.4% | 30.1% | ||
| Q2 24 | 55.3% | 31.2% | ||
| Q1 24 | 55.1% | 30.3% |
营业利润率MPWRSEE
| Q4 25 | 26.6% | 11.4% | ||
| Q3 25 | 26.5% | 13.8% | ||
| Q2 25 | 24.8% | 15.0% | ||
| Q1 25 | 26.5% | 14.5% | ||
| Q4 24 | 26.3% | 11.7% | ||
| Q3 24 | 26.5% | 13.9% | ||
| Q2 24 | 23.0% | 15.4% | ||
| Q1 24 | 20.9% | 14.0% |
净利率MPWRSEE
| Q4 25 | 22.9% | 3.1% | ||
| Q3 25 | 24.4% | 19.0% | ||
| Q2 25 | 20.3% | 7.0% | ||
| Q1 25 | 21.2% | 9.0% | ||
| Q4 24 | 201.8% | -0.5% | ||
| Q3 24 | 23.3% | 6.9% | ||
| Q2 24 | 19.8% | 7.4% | ||
| Q1 24 | 20.2% | 6.2% |
每股收益（稀释后）MPWRSEE
| Q4 25 | $3.50 | $0.30 | ||
| Q3 25 | $3.74 | $1.73 | ||
| Q2 25 | $2.81 | $0.63 | ||
| Q1 25 | $2.81 | $0.77 | ||
| Q4 24 | $25.71 | $-0.05 | ||
| Q3 24 | $2.95 | $0.63 | ||
| Q2 24 | $2.05 | $0.67 | ||
| Q1 24 | $1.89 | $0.56 |
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 | $1.3B | $344.0M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $3.5B | $1.2B |
| 总资产 | $4.2B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资MPWRSEE
| Q4 25 | $1.3B | $344.0M | ||
| Q3 25 | $1.3B | $282.5M | ||
| Q2 25 | $1.1B | $354.4M | ||
| Q1 25 | $1.0B | $335.2M | ||
| Q4 24 | $862.9M | $371.8M | ||
| Q3 24 | $1.5B | $386.0M | ||
| Q2 24 | $1.3B | $388.6M | ||
| Q1 24 | $1.3B | $352.8M |
总债务MPWRSEE
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
股东权益MPWRSEE
| Q4 25 | $3.5B | $1.2B | ||
| Q3 25 | $3.4B | $1.2B | ||
| Q2 25 | $3.2B | $953.1M | ||
| Q1 25 | $3.1B | $797.9M | ||
| Q4 24 | $3.0B | $624.5M | ||
| Q3 24 | $2.4B | $771.2M | ||
| Q2 24 | $2.2B | $650.1M | ||
| Q1 24 | $2.1B | $598.3M |
总资产MPWRSEE
| Q4 25 | $4.2B | $7.0B | ||
| Q3 25 | $4.1B | $7.1B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | $3.7B | $7.0B | ||
| Q4 24 | $3.5B | $7.0B | ||
| Q3 24 | $2.9B | $7.3B | ||
| Q2 24 | $2.6B | $7.3B | ||
| Q1 24 | $2.6B | $7.2B |
负债/权益比MPWRSEE
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $104.9M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $63.9M | $257.7M |
| 自由现金流率自由现金流/营收 | 8.5% | 18.5% |
| 资本支出强度资本支出/营收 | 5.5% | 2.6% |
| 现金转化率经营现金流/净利润 | 0.61× | 6.70× |
| 过去12个月自由现金流最近4个季度 | $666.2M | $458.5M |
8季度趋势，按日历期对齐
经营现金流MPWRSEE
| Q4 25 | $104.9M | $293.6M | ||
| Q3 25 | $239.3M | $165.9M | ||
| Q2 25 | $237.6M | $136.6M | ||
| Q1 25 | $256.4M | $31.9M | ||
| Q4 24 | $167.7M | $244.2M | ||
| Q3 24 | $231.7M | $170.5M | ||
| Q2 24 | $141.0M | $188.2M | ||
| Q1 24 | $248.1M | $125.1M |
自由现金流MPWRSEE
| Q4 25 | $63.9M | $257.7M | ||
| Q3 25 | $196.8M | $119.6M | ||
| Q2 25 | $189.5M | $93.2M | ||
| Q1 25 | $216.0M | $-12.0M | ||
| Q4 24 | $102.9M | $185.1M | ||
| Q3 24 | $197.9M | $115.2M | ||
| Q2 24 | $109.5M | $129.5M | ||
| Q1 24 | $232.1M | $78.0M |
自由现金流率MPWRSEE
| Q4 25 | 8.5% | 18.5% | ||
| Q3 25 | 26.7% | 8.9% | ||
| Q2 25 | 28.5% | 7.0% | ||
| Q1 25 | 33.9% | -0.9% | ||
| Q4 24 | 16.5% | 13.6% | ||
| Q3 24 | 31.9% | 8.6% | ||
| Q2 24 | 21.6% | 9.7% | ||
| Q1 24 | 50.7% | 5.9% |
资本支出强度MPWRSEE
| Q4 25 | 5.5% | 2.6% | ||
| Q3 25 | 5.8% | 3.4% | ||
| Q2 25 | 7.2% | 3.3% | ||
| Q1 25 | 6.3% | 3.5% | ||
| Q4 24 | 10.4% | 4.4% | ||
| Q3 24 | 5.5% | 4.1% | ||
| Q2 24 | 6.2% | 4.4% | ||
| Q1 24 | 3.5% | 3.6% |
现金转化率MPWRSEE
| Q4 25 | 0.61× | 6.70× | ||
| Q3 25 | 1.33× | 0.65× | ||
| Q2 25 | 1.76× | 1.47× | ||
| Q1 25 | 1.90× | 0.28× | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 1.60× | 1.86× | ||
| Q2 24 | 1.40× | 1.91× | ||
| Q1 24 | 2.68× | 1.53× |
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
MPWR
暂无分部数据
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
