vs
Monolithic Power Systems（MPWR）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是Monolithic Power Systems的1.4倍（$1.1B vs $751.2M），泰瑞达净利率更高（23.7% vs 22.9%，领先0.9%），泰瑞达同比增速更快（43.9% vs 20.8%），泰瑞达自由现金流更多（$218.8M vs $63.9M），过去两年泰瑞达的营收复合增速更高（34.4% vs 28.1%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
MPWR vs TER — 直观对比
营收规模更大
TER
是对方的1.4倍
$751.2M
营收增速更快
TER
高出23.1%
20.8%
净利率更高
TER
高出0.9%
22.9%
自由现金流更多
TER
多$154.9M
$63.9M
两年增速更快
TER
近两年复合增速
28.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.2M | $1.1B |
| 净利润 | $171.7M | $257.2M |
| 毛利率 | 55.2% | 57.2% |
| 营业利润率 | 26.6% | 27.1% |
| 净利率 | 22.9% | 23.7% |
| 营收同比 | 20.8% | 43.9% |
| 净利润同比 | -86.3% | 75.9% |
| 每股收益（稀释后） | $3.50 | $1.62 |
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MPWRTER
| Q4 25 | $751.2M | $1.1B | ||
| Q3 25 | $737.2M | $769.2M | ||
| Q2 25 | $664.6M | $651.8M | ||
| Q1 25 | $637.6M | $685.7M | ||
| Q4 24 | $621.7M | $752.9M | ||
| Q3 24 | $620.1M | $737.3M | ||
| Q2 24 | $507.4M | $729.9M | ||
| Q1 24 | $457.9M | $599.8M |
净利润MPWRTER
| Q4 25 | $171.7M | $257.2M | ||
| Q3 25 | $179.8M | $119.6M | ||
| Q2 25 | $135.0M | $78.4M | ||
| Q1 25 | $135.1M | $98.9M | ||
| Q4 24 | $1.3B | $146.3M | ||
| Q3 24 | $144.4M | $145.6M | ||
| Q2 24 | $100.4M | $186.3M | ||
| Q1 24 | $92.5M | $64.2M |
毛利率MPWRTER
| Q4 25 | 55.2% | 57.2% | ||
| Q3 25 | 55.1% | 58.4% | ||
| Q2 25 | 55.1% | 57.2% | ||
| Q1 25 | 55.4% | 60.6% | ||
| Q4 24 | 55.4% | 59.4% | ||
| Q3 24 | 55.4% | 59.2% | ||
| Q2 24 | 55.3% | 58.3% | ||
| Q1 24 | 55.1% | 56.6% |
营业利润率MPWRTER
| Q4 25 | 26.6% | 27.1% | ||
| Q3 25 | 26.5% | 18.9% | ||
| Q2 25 | 24.8% | 13.9% | ||
| Q1 25 | 26.5% | 17.6% | ||
| Q4 24 | 26.3% | 20.4% | ||
| Q3 24 | 26.5% | 20.6% | ||
| Q2 24 | 23.0% | 28.8% | ||
| Q1 24 | 20.9% | 13.0% |
净利率MPWRTER
| Q4 25 | 22.9% | 23.7% | ||
| Q3 25 | 24.4% | 15.5% | ||
| Q2 25 | 20.3% | 12.0% | ||
| Q1 25 | 21.2% | 14.4% | ||
| Q4 24 | 201.8% | 19.4% | ||
| Q3 24 | 23.3% | 19.8% | ||
| Q2 24 | 19.8% | 25.5% | ||
| Q1 24 | 20.2% | 10.7% |
每股收益（稀释后）MPWRTER
| Q4 25 | $3.50 | $1.62 | ||
| Q3 25 | $3.74 | $0.75 | ||
| Q2 25 | $2.81 | $0.49 | ||
| Q1 25 | $2.81 | $0.61 | ||
| Q4 24 | $25.71 | $0.89 | ||
| Q3 24 | $2.95 | $0.89 | ||
| Q2 24 | $2.05 | $1.14 | ||
| Q1 24 | $1.89 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $2.8B |
| 总资产 | $4.2B | $4.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MPWRTER
| Q4 25 | $1.3B | $293.8M | ||
| Q3 25 | $1.3B | $272.7M | ||
| Q2 25 | $1.1B | $339.3M | ||
| Q1 25 | $1.0B | $475.6M | ||
| Q4 24 | $862.9M | $553.4M | ||
| Q3 24 | $1.5B | $510.0M | ||
| Q2 24 | $1.3B | $421.9M | ||
| Q1 24 | $1.3B | $707.4M |
股东权益MPWRTER
| Q4 25 | $3.5B | $2.8B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $3.1B | $2.8B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
总资产MPWRTER
| Q4 25 | $4.2B | $4.2B | ||
| Q3 25 | $4.1B | $4.0B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $2.9B | $3.8B | ||
| Q2 24 | $2.6B | $3.6B | ||
| Q1 24 | $2.6B | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $63.9M | $218.8M |
| 自由现金流率自由现金流/营收 | 8.5% | 20.2% |
| 资本支出强度资本支出/营收 | 5.5% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.61× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $666.2M | $450.4M |
8季度趋势，按日历期对齐
经营现金流MPWRTER
| Q4 25 | $104.9M | $281.6M | ||
| Q3 25 | $239.3M | $49.0M | ||
| Q2 25 | $237.6M | $182.1M | ||
| Q1 25 | $256.4M | $161.6M | ||
| Q4 24 | $167.7M | $282.6M | ||
| Q3 24 | $231.7M | $166.3M | ||
| Q2 24 | $141.0M | $216.1M | ||
| Q1 24 | $248.1M | $7.3M |
自由现金流MPWRTER
| Q4 25 | $63.9M | $218.8M | ||
| Q3 25 | $196.8M | $2.4M | ||
| Q2 25 | $189.5M | $131.7M | ||
| Q1 25 | $216.0M | $97.6M | ||
| Q4 24 | $102.9M | $225.2M | ||
| Q3 24 | $197.9M | $114.4M | ||
| Q2 24 | $109.5M | $171.2M | ||
| Q1 24 | $232.1M | $-36.7M |
自由现金流率MPWRTER
| Q4 25 | 8.5% | 20.2% | ||
| Q3 25 | 26.7% | 0.3% | ||
| Q2 25 | 28.5% | 20.2% | ||
| Q1 25 | 33.9% | 14.2% | ||
| Q4 24 | 16.5% | 29.9% | ||
| Q3 24 | 31.9% | 15.5% | ||
| Q2 24 | 21.6% | 23.5% | ||
| Q1 24 | 50.7% | -6.1% |
资本支出强度MPWRTER
| Q4 25 | 5.5% | 5.8% | ||
| Q3 25 | 5.8% | 6.1% | ||
| Q2 25 | 7.2% | 7.7% | ||
| Q1 25 | 6.3% | 9.3% | ||
| Q4 24 | 10.4% | 7.6% | ||
| Q3 24 | 5.5% | 7.0% | ||
| Q2 24 | 6.2% | 6.1% | ||
| Q1 24 | 3.5% | 7.3% |
现金转化率MPWRTER
| Q4 25 | 0.61× | 1.09× | ||
| Q3 25 | 1.33× | 0.41× | ||
| Q2 25 | 1.76× | 2.32× | ||
| Q1 25 | 1.90× | 1.63× | ||
| Q4 24 | 0.13× | 1.93× | ||
| Q3 24 | 1.60× | 1.14× | ||
| Q2 24 | 1.40× | 1.16× | ||
| Q1 24 | 2.68× | 0.11× |
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
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
