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Monolithic Power Systems（MPWR）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Monolithic Power Systems的1.4倍（$1.0B vs $751.2M），Monolithic Power Systems净利率更高（22.9% vs 7.6%，领先15.2%），Monolithic Power Systems同比增速更快（20.8% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $63.9M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs -0.5%）
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。
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。
MPWR vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$751.2M
营收增速更快
MPWR
高出12.2%
8.6%
净利率更高
MPWR
高出15.2%
7.6%
自由现金流更多
SWKS
多$275.1M
$63.9M
两年增速更快
MPWR
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $751.2M | $1.0B |
| 净利润 | $171.7M | $79.2M |
| 毛利率 | 55.2% | 41.3% |
| 营业利润率 | 26.6% | 10.0% |
| 净利率 | 22.9% | 7.6% |
| 营收同比 | 20.8% | 8.6% |
| 净利润同比 | -86.3% | 15.3% |
| 每股收益（稀释后） | $3.50 | $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MPWRSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $751.2M | $1.1B | ||
| Q3 25 | $737.2M | — | ||
| Q2 25 | $664.6M | $965.0M | ||
| Q1 25 | $637.6M | $953.2M | ||
| Q4 24 | $621.7M | $1.1B | ||
| Q3 24 | $620.1M | $1.0B | ||
| Q2 24 | $507.4M | $905.5M |
净利润MPWRSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $171.7M | $141.4M | ||
| Q3 25 | $179.8M | — | ||
| Q2 25 | $135.0M | $105.0M | ||
| Q1 25 | $135.1M | $68.7M | ||
| Q4 24 | $1.3B | $162.0M | ||
| Q3 24 | $144.4M | $60.5M | ||
| Q2 24 | $100.4M | $120.9M |
毛利率MPWRSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 55.2% | 40.7% | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 55.1% | 41.6% | ||
| Q1 25 | 55.4% | 41.1% | ||
| Q4 24 | 55.4% | 41.4% | ||
| Q3 24 | 55.4% | 41.9% | ||
| Q2 24 | 55.3% | 40.2% |
营业利润率MPWRSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 26.6% | 10.1% | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 24.8% | 11.5% | ||
| Q1 25 | 26.5% | 10.2% | ||
| Q4 24 | 26.3% | 16.9% | ||
| Q3 24 | 26.5% | 5.8% | ||
| Q2 24 | 23.0% | 14.4% |
净利率MPWRSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 22.9% | 12.9% | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 20.3% | 10.9% | ||
| Q1 25 | 21.2% | 7.2% | ||
| Q4 24 | 201.8% | 15.2% | ||
| Q3 24 | 23.3% | 5.9% | ||
| Q2 24 | 19.8% | 13.4% |
每股收益（稀释后）MPWRSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $3.50 | $0.95 | ||
| Q3 25 | $3.74 | — | ||
| Q2 25 | $2.81 | $0.70 | ||
| Q1 25 | $2.81 | $0.43 | ||
| Q4 24 | $25.71 | $1.00 | ||
| Q3 24 | $2.95 | $0.36 | ||
| Q2 24 | $2.05 | $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 | $1.3B | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $3.5B | $5.8B |
| 总资产 | $4.2B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MPWRSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $862.9M | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.3B | $1.3B |
总债务MPWRSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益MPWRSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $3.5B | $5.8B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | $5.7B | ||
| Q1 25 | $3.1B | $5.9B | ||
| Q4 24 | $3.0B | $6.4B | ||
| Q3 24 | $2.4B | $6.3B | ||
| Q2 24 | $2.2B | $6.3B |
总资产MPWRSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.2B | $7.9B | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $3.9B | $7.7B | ||
| Q1 25 | $3.7B | $7.9B | ||
| Q4 24 | $3.5B | $8.3B | ||
| Q3 24 | $2.9B | $8.3B | ||
| Q2 24 | $2.6B | $8.2B |
负债/权益比MPWRSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 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 | $104.9M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $63.9M | $339.0M |
| 自由现金流率自由现金流/营收 | 8.5% | 32.7% |
| 资本支出强度资本支出/营收 | 5.5% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.61× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $666.2M | $1.1B |
8季度趋势，按日历期对齐
经营现金流MPWRSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $104.9M | $200.0M | ||
| Q3 25 | $239.3M | — | ||
| Q2 25 | $237.6M | $314.2M | ||
| Q1 25 | $256.4M | $409.4M | ||
| Q4 24 | $167.7M | $377.2M | ||
| Q3 24 | $231.7M | $476.1M | ||
| Q2 24 | $141.0M | $273.4M |
自由现金流MPWRSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $63.9M | $144.0M | ||
| Q3 25 | $196.8M | — | ||
| Q2 25 | $189.5M | $252.7M | ||
| Q1 25 | $216.0M | $370.9M | ||
| Q4 24 | $102.9M | $338.2M | ||
| Q3 24 | $197.9M | $393.3M | ||
| Q2 24 | $109.5M | $249.0M |
自由现金流率MPWRSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 8.5% | 13.1% | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | 28.5% | 26.2% | ||
| Q1 25 | 33.9% | 38.9% | ||
| Q4 24 | 16.5% | 31.7% | ||
| Q3 24 | 31.9% | 38.4% | ||
| Q2 24 | 21.6% | 27.5% |
资本支出强度MPWRSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 5.5% | 5.1% | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 7.2% | 6.4% | ||
| Q1 25 | 6.3% | 4.0% | ||
| Q4 24 | 10.4% | 3.6% | ||
| Q3 24 | 5.5% | 8.1% | ||
| Q2 24 | 6.2% | 2.7% |
现金转化率MPWRSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 0.61× | 1.41× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.76× | 2.99× | ||
| Q1 25 | 1.90× | 5.96× | ||
| Q4 24 | 0.13× | 2.33× | ||
| Q3 24 | 1.60× | 7.87× | ||
| Q2 24 | 1.40× | 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
MPWR
暂无分部数据
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
