vs
美满电子科技（MRVL）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是NiSource的1.1倍（$2.1B vs $1.9B），美满电子科技净利率更高（91.7% vs 13.7%，领先78.0%），美满电子科技同比增速更快（36.8% vs 22.5%），美满电子科技自由现金流更多（$508.8M vs $-133.7M），过去两年美满电子科技的营收复合增速更高（20.6% vs 7.2%）
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。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
MRVL vs NI — 直观对比
营收规模更大
MRVL
是对方的1.1倍
$1.9B
营收增速更快
MRVL
高出14.3%
22.5%
净利率更高
MRVL
高出78.0%
13.7%
自由现金流更多
MRVL
多$642.5M
$-133.7M
两年增速更快
MRVL
近两年复合增速
7.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $1.9B | $257.8M |
| 毛利率 | 51.6% | — |
| 营业利润率 | 17.2% | 27.3% |
| 净利率 | 91.7% | 13.7% |
| 营收同比 | 36.8% | 22.5% |
| 净利润同比 | 381.1% | 15.1% |
| 每股收益（稀释后） | $2.20 | $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MRVLNI
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.4B | $1.6B |
净利润MRVLNI
| Q4 25 | $1.9B | $257.8M | ||
| Q3 25 | $194.8M | $94.7M | ||
| Q2 25 | $177.9M | $102.2M | ||
| Q1 25 | $200.2M | $474.8M | ||
| Q4 24 | $-676.3M | $223.9M | ||
| Q3 24 | $-193.3M | $85.7M | ||
| Q2 24 | $-215.6M | $85.8M | ||
| Q1 24 | $-392.7M | $365.0M |
毛利率MRVLNI
| Q4 25 | 51.6% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | 50.3% | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 46.2% | — | ||
| Q2 24 | 45.5% | — | ||
| Q1 24 | 46.6% | — |
营业利润率MRVLNI
| Q4 25 | 17.2% | 27.3% | ||
| Q3 25 | 14.5% | 24.0% | ||
| Q2 25 | 14.3% | 21.1% | ||
| Q1 25 | 12.9% | 35.3% | ||
| Q4 24 | -46.4% | 27.1% | ||
| Q3 24 | -7.9% | 20.9% | ||
| Q2 24 | -13.1% | 22.5% | ||
| Q1 24 | -2.3% | 35.5% |
净利率MRVLNI
| Q4 25 | 91.7% | 13.7% | ||
| Q3 25 | 9.7% | 7.6% | ||
| Q2 25 | 9.4% | 8.2% | ||
| Q1 25 | 11.0% | 22.1% | ||
| Q4 24 | -44.6% | 14.5% | ||
| Q3 24 | -15.2% | 8.2% | ||
| Q2 24 | -18.6% | 8.1% | ||
| Q1 24 | -27.5% | 22.2% |
每股收益（稀释后）MRVLNI
| Q4 25 | $2.20 | $0.53 | ||
| Q3 25 | $0.22 | $0.20 | ||
| Q2 25 | $0.20 | $0.22 | ||
| Q1 25 | $0.23 | $1.00 | ||
| Q4 24 | $-0.78 | $0.47 | ||
| Q3 24 | $-0.22 | $0.19 | ||
| Q2 24 | $-0.25 | $0.19 | ||
| Q1 24 | $-0.45 | $0.77 |
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 | $110.1M |
| 总债务越低越好 | $4.5B | $15.5B |
| 股东权益账面价值 | $14.1B | $9.5B |
| 总资产 | $21.6B | $35.9B |
| 负债/权益比越低杠杆越低 | 0.32× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资MRVLNI
| Q4 25 | $2.7B | $110.1M | ||
| Q3 25 | $1.2B | $95.0M | ||
| Q2 25 | $885.9M | $335.4M | ||
| Q1 25 | $948.3M | $259.4M | ||
| Q4 24 | $868.1M | $156.6M | ||
| Q3 24 | $808.7M | $126.2M | ||
| Q2 24 | $847.7M | $101.2M | ||
| Q1 24 | $950.8M | $102.2M |
总债务MRVLNI
| Q4 25 | $4.5B | $15.5B | ||
| Q3 25 | $4.5B | $14.5B | ||
| Q2 25 | $4.2B | $14.5B | ||
| Q1 25 | $4.1B | $12.8B | ||
| Q4 24 | $4.1B | $12.1B | ||
| Q3 24 | $4.1B | $12.1B | ||
| Q2 24 | $4.1B | $12.8B | ||
| Q1 24 | $4.2B | $11.7B |
股东权益MRVLNI
| Q4 25 | $14.1B | $9.5B | ||
| Q3 25 | $13.4B | $9.1B | ||
| Q2 25 | $13.3B | $8.9B | ||
| Q1 25 | $13.4B | $8.9B | ||
| Q4 24 | $13.4B | $8.7B | ||
| Q3 24 | $14.2B | $8.3B | ||
| Q2 24 | $14.5B | $7.9B | ||
| Q1 24 | $14.8B | $7.9B |
总资产MRVLNI
| Q4 25 | $21.6B | $35.9B | ||
| Q3 25 | $20.6B | $34.4B | ||
| Q2 25 | $20.0B | $34.0B | ||
| Q1 25 | $20.2B | $33.1B | ||
| Q4 24 | $19.7B | $31.8B | ||
| Q3 24 | $20.3B | $30.8B | ||
| Q2 24 | $20.5B | $29.9B | ||
| Q1 24 | $21.2B | $29.3B |
负债/权益比MRVLNI
| Q4 25 | 0.32× | 1.64× | ||
| Q3 25 | 0.33× | 1.59× | ||
| Q2 25 | 0.32× | 1.63× | ||
| Q1 25 | 0.30× | 1.44× | ||
| Q4 24 | 0.31× | 1.39× | ||
| Q3 24 | 0.29× | 1.45× | ||
| Q2 24 | 0.29× | 1.63× | ||
| Q1 24 | 0.28× | 1.48× |
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 | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $-133.7M |
| 自由现金流率自由现金流/营收 | 24.5% | -7.1% |
| 资本支出强度资本支出/营收 | 3.5% | 44.9% |
| 现金转化率经营现金流/净利润 | 0.31× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-420.0M |
8季度趋势，按日历期对齐
经营现金流MRVLNI
| Q4 25 | $582.3M | $712.6M | ||
| Q3 25 | $461.6M | $467.9M | ||
| Q2 25 | $332.9M | $495.4M | ||
| Q1 25 | $514.0M | $686.4M | ||
| Q4 24 | $536.3M | $539.8M | ||
| Q3 24 | $306.4M | $340.0M | ||
| Q2 24 | $324.5M | $445.5M | ||
| Q1 24 | $546.6M | $456.2M |
自由现金流MRVLNI
| Q4 25 | $508.8M | $-133.7M | ||
| Q3 25 | $414.1M | $-172.6M | ||
| Q2 25 | $214.1M | $-162.8M | ||
| Q1 25 | $444.1M | $49.1M | ||
| Q4 24 | $461.3M | $-220.2M | ||
| Q3 24 | $258.2M | $-294.7M | ||
| Q2 24 | $233.0M | $-184.3M | ||
| Q1 24 | $475.6M | $-133.3M |
自由现金流率MRVLNI
| Q4 25 | 24.5% | -7.1% | ||
| Q3 25 | 20.6% | -13.9% | ||
| Q2 25 | 11.3% | -13.1% | ||
| Q1 25 | 24.4% | 2.3% | ||
| Q4 24 | 30.4% | -14.3% | ||
| Q3 24 | 20.3% | -28.2% | ||
| Q2 24 | 20.1% | -17.5% | ||
| Q1 24 | 33.3% | -8.1% |
资本支出强度MRVLNI
| Q4 25 | 3.5% | 44.9% | ||
| Q3 25 | 2.4% | 51.6% | ||
| Q2 25 | 6.3% | 52.8% | ||
| Q1 25 | 3.8% | 29.6% | ||
| Q4 24 | 4.9% | 49.4% | ||
| Q3 24 | 3.8% | 60.7% | ||
| Q2 24 | 7.9% | 59.7% | ||
| Q1 24 | 5.0% | 35.9% |
现金转化率MRVLNI
| Q4 25 | 0.31× | 2.76× | ||
| Q3 25 | 2.37× | 4.94× | ||
| Q2 25 | 1.87× | 4.85× | ||
| Q1 25 | 2.57× | 1.45× | ||
| Q4 24 | — | 2.41× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | — | 5.19× | ||
| Q1 24 | — | 1.25× |
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
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
