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美满电子科技（MRVL）与美光科技（MU）财务数据对比。点击上方公司名可切换其他公司
美光科技的季度营收约是美满电子科技的11.5倍（$23.9B vs $2.1B），美满电子科技净利率更高（91.7% vs 57.8%，领先33.9%），美光科技同比增速更快（196.3% vs 36.8%），美光科技自由现金流更多（$5.5B vs $508.8M），过去两年美光科技的营收复合增速更高（87.2% vs 20.6%）
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
美光科技是总部位于美国爱达荷州博伊西的半导体厂商，专注于计算机内存及数据存储产品的研发生产，核心产品涵盖动态随机存取存储器（DRAM）、闪存、固态硬盘（SSD）等，是全球知名的存储解决方案供应商，产品广泛应用于消费电子、数据中心等诸多领域。
MRVL vs MU — 直观对比
营收规模更大
MU
是对方的11.5倍
$2.1B
营收增速更快
MU
高出159.5%
36.8%
净利率更高
MRVL
高出33.9%
57.8%
自由现金流更多
MU
多$5.0B
$508.8M
两年增速更快
MU
近两年复合增速
20.6%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $23.9B |
| 净利润 | $1.9B | $13.8B |
| 毛利率 | 51.6% | 74.4% |
| 营业利润率 | 17.2% | 67.6% |
| 净利率 | 91.7% | 57.8% |
| 营收同比 | 36.8% | 196.3% |
| 净利润同比 | 381.1% | 770.8% |
| 每股收益（稀释后） | $2.20 | $12.07 |
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MRVLMU
| Q1 26 | — | $23.9B | ||
| Q4 25 | $2.1B | $13.6B | ||
| Q3 25 | $2.0B | $11.3B | ||
| Q2 25 | $1.9B | $9.3B | ||
| Q1 25 | $1.8B | $8.1B | ||
| Q4 24 | $1.5B | $8.7B | ||
| Q3 24 | $1.3B | $7.8B | ||
| Q2 24 | $1.2B | $6.8B |
净利润MRVLMU
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.9B | $5.2B | ||
| Q3 25 | $194.8M | $3.2B | ||
| Q2 25 | $177.9M | $1.9B | ||
| Q1 25 | $200.2M | $1.6B | ||
| Q4 24 | $-676.3M | $1.9B | ||
| Q3 24 | $-193.3M | — | ||
| Q2 24 | $-215.6M | $332.0M |
毛利率MRVLMU
| Q1 26 | — | 74.4% | ||
| Q4 25 | 51.6% | 56.0% | ||
| Q3 25 | 50.4% | 44.7% | ||
| Q2 25 | 50.3% | 37.7% | ||
| Q1 25 | 50.5% | 36.8% | ||
| Q4 24 | 23.0% | 38.4% | ||
| Q3 24 | 46.2% | 35.3% | ||
| Q2 24 | 45.5% | 26.9% |
营业利润率MRVLMU
| Q1 26 | — | 67.6% | ||
| Q4 25 | 17.2% | 45.0% | ||
| Q3 25 | 14.5% | 32.3% | ||
| Q2 25 | 14.3% | 23.3% | ||
| Q1 25 | 12.9% | 22.0% | ||
| Q4 24 | -46.4% | 25.0% | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -13.1% | 10.6% |
净利率MRVLMU
| Q1 26 | — | 57.8% | ||
| Q4 25 | 91.7% | 38.4% | ||
| Q3 25 | 9.7% | 28.3% | ||
| Q2 25 | 9.4% | 20.3% | ||
| Q1 25 | 11.0% | 19.7% | ||
| Q4 24 | -44.6% | 21.5% | ||
| Q3 24 | -15.2% | — | ||
| Q2 24 | -18.6% | 4.9% |
每股收益（稀释后）MRVLMU
| Q1 26 | — | $12.07 | ||
| Q4 25 | $2.20 | $4.60 | ||
| Q3 25 | $0.22 | $2.83 | ||
| Q2 25 | $0.20 | $1.68 | ||
| Q1 25 | $0.23 | $1.41 | ||
| Q4 24 | $-0.78 | $1.67 | ||
| Q3 24 | $-0.22 | — | ||
| Q2 24 | $-0.25 | $0.30 |
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 | $2.7B | $13.9B |
| 总债务越低越好 | $4.5B | $9.6B |
| 股东权益账面价值 | $14.1B | $72.5B |
| 总资产 | $21.6B | $101.5B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资MRVLMU
| Q1 26 | — | $13.9B | ||
| Q4 25 | $2.7B | $9.7B | ||
| Q3 25 | $1.2B | $9.6B | ||
| Q2 25 | $885.9M | $10.2B | ||
| Q1 25 | $948.3M | $7.6B | ||
| Q4 24 | $868.1M | $6.7B | ||
| Q3 24 | $808.7M | $7.0B | ||
| Q2 24 | $847.7M | $7.6B |
总债务MRVLMU
| Q1 26 | — | $9.6B | ||
| Q4 25 | $4.5B | $11.2B | ||
| Q3 25 | $4.5B | $14.0B | ||
| Q2 25 | $4.2B | $15.0B | ||
| Q1 25 | $4.1B | $13.9B | ||
| Q4 24 | $4.1B | $13.3B | ||
| Q3 24 | $4.1B | $13.0B | ||
| Q2 24 | $4.1B | $12.9B |
股东权益MRVLMU
| Q1 26 | — | $72.5B | ||
| Q4 25 | $14.1B | $58.8B | ||
| Q3 25 | $13.4B | $54.2B | ||
| Q2 25 | $13.3B | $50.7B | ||
| Q1 25 | $13.4B | $48.6B | ||
| Q4 24 | $13.4B | $46.8B | ||
| Q3 24 | $14.2B | $45.1B | ||
| Q2 24 | $14.5B | $44.2B |
总资产MRVLMU
| Q1 26 | — | $101.5B | ||
| Q4 25 | $21.6B | $86.0B | ||
| Q3 25 | $20.6B | $82.8B | ||
| Q2 25 | $20.0B | $78.4B | ||
| Q1 25 | $20.2B | $73.1B | ||
| Q4 24 | $19.7B | $71.5B | ||
| Q3 24 | $20.3B | $69.4B | ||
| Q2 24 | $20.5B | $66.3B |
负债/权益比MRVLMU
| Q1 26 | — | 0.13× | ||
| Q4 25 | 0.32× | 0.19× | ||
| Q3 25 | 0.33× | 0.26× | ||
| Q2 25 | 0.32× | 0.30× | ||
| Q1 25 | 0.30× | 0.28× | ||
| Q4 24 | 0.31× | 0.28× | ||
| Q3 24 | 0.29× | 0.29× | ||
| Q2 24 | 0.29× | 0.29× |
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 | $582.3M | $11.9B |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $5.5B |
| 自由现金流率自由现金流/营收 | 24.5% | 23.1% |
| 资本支出强度资本支出/营收 | 3.5% | 26.8% |
| 现金转化率经营现金流/净利润 | 0.31× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $11.9B |
8季度趋势，按日历期对齐
经营现金流MRVLMU
| Q1 26 | — | $11.9B | ||
| Q4 25 | $582.3M | $8.4B | ||
| Q3 25 | $461.6M | $17.5B | ||
| Q2 25 | $332.9M | $4.6B | ||
| Q1 25 | $514.0M | $3.9B | ||
| Q4 24 | $536.3M | $3.2B | ||
| Q3 24 | $306.4M | $8.5B | ||
| Q2 24 | $324.5M | $2.5B |
自由现金流MRVLMU
| Q1 26 | — | $5.5B | ||
| Q4 25 | $508.8M | $3.0B | ||
| Q3 25 | $414.1M | $1.7B | ||
| Q2 25 | $214.1M | $1.7B | ||
| Q1 25 | $444.1M | $-113.0M | ||
| Q4 24 | $461.3M | $38.0M | ||
| Q3 24 | $258.2M | $121.0M | ||
| Q2 24 | $233.0M | $396.0M |
自由现金流率MRVLMU
| Q1 26 | — | 23.1% | ||
| Q4 25 | 24.5% | 22.2% | ||
| Q3 25 | 20.6% | 14.7% | ||
| Q2 25 | 11.3% | 18.0% | ||
| Q1 25 | 24.4% | -1.4% | ||
| Q4 24 | 30.4% | 0.4% | ||
| Q3 24 | 20.3% | 1.6% | ||
| Q2 24 | 20.1% | 5.8% |
资本支出强度MRVLMU
| Q1 26 | — | 26.8% | ||
| Q4 25 | 3.5% | 39.5% | ||
| Q3 25 | 2.4% | 140.1% | ||
| Q2 25 | 6.3% | 31.6% | ||
| Q1 25 | 3.8% | 50.4% | ||
| Q4 24 | 4.9% | 36.8% | ||
| Q3 24 | 3.8% | 108.2% | ||
| Q2 24 | 7.9% | 30.6% |
现金转化率MRVLMU
| Q1 26 | — | 0.86× | ||
| Q4 25 | 0.31× | 1.61× | ||
| Q3 25 | 2.37× | 5.47× | ||
| Q2 25 | 1.87× | 2.45× | ||
| Q1 25 | 2.57× | 2.49× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.48× |
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
MRVL
暂无分部数据
MU
| CMBU | $7.7B | 32% |
| MCBU | $7.7B | 32% |
| CDBU | $5.7B | 24% |
| AEBU | $2.7B | 11% |
| Other Product Sales | $95.0M | 0% |
