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美满电子科技（MRVL）与英伟达（NVDA）财务数据对比。点击上方公司名可切换其他公司
英伟达的季度营收约是美满电子科技的32.8倍（$68.1B vs $2.1B），美满电子科技净利率更高（91.7% vs 63.1%，领先28.6%），英伟达同比增速更快（73.2% vs 36.8%），英伟达自由现金流更多（$34.9B vs $508.8M），过去两年英伟达的营收复合增速更高（61.7% 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。
英伟达是总部位于美国加利福尼亚州圣克拉拉的科技企业，1993年由黄仁勋、克里斯·马拉科夫斯基、柯蒂斯·普里姆联合创立。公司主营图形处理器（GPU）、系统级芯片（SoC）及应用程序接口（API）产品，覆盖数据科学、高性能计算、游戏、移动与车载应用等领域，是全球知名的头部科技企业之一。
MRVL vs NVDA — 直观对比
营收规模更大
NVDA
是对方的32.8倍
$2.1B
营收增速更快
NVDA
高出36.4%
36.8%
净利率更高
MRVL
高出28.6%
63.1%
自由现金流更多
NVDA
多$34.4B
$508.8M
两年增速更快
NVDA
近两年复合增速
20.6%
损益表 — Q3 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $68.1B |
| 净利润 | $1.9B | $43.0B |
| 毛利率 | 51.6% | 75.0% |
| 营业利润率 | 17.2% | 65.0% |
| 净利率 | 91.7% | 63.1% |
| 营收同比 | 36.8% | 73.2% |
| 净利润同比 | 381.1% | 94.5% |
| 每股收益（稀释后） | $2.20 | $1.76 |
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MRVLNVDA
| Q1 26 | — | $68.1B | ||
| Q4 25 | $2.1B | $57.0B | ||
| Q3 25 | $2.0B | $46.7B | ||
| Q2 25 | $1.9B | $44.1B | ||
| Q1 25 | $1.8B | $39.3B | ||
| Q4 24 | $1.5B | $35.1B | ||
| Q3 24 | $1.3B | $30.0B | ||
| Q2 24 | $1.2B | $26.0B |
净利润MRVLNVDA
| Q1 26 | — | $43.0B | ||
| Q4 25 | $1.9B | $31.9B | ||
| Q3 25 | $194.8M | $26.4B | ||
| Q2 25 | $177.9M | $18.8B | ||
| Q1 25 | $200.2M | $22.1B | ||
| Q4 24 | $-676.3M | $19.3B | ||
| Q3 24 | $-193.3M | $16.6B | ||
| Q2 24 | $-215.6M | $14.9B |
毛利率MRVLNVDA
| Q1 26 | — | 75.0% | ||
| Q4 25 | 51.6% | 73.4% | ||
| Q3 25 | 50.4% | 72.4% | ||
| Q2 25 | 50.3% | 60.5% | ||
| Q1 25 | 50.5% | 73.0% | ||
| Q4 24 | 23.0% | 74.6% | ||
| Q3 24 | 46.2% | 75.1% | ||
| Q2 24 | 45.5% | 78.4% |
营业利润率MRVLNVDA
| Q1 26 | — | 65.0% | ||
| Q4 25 | 17.2% | 63.2% | ||
| Q3 25 | 14.5% | 60.8% | ||
| Q2 25 | 14.3% | 49.1% | ||
| Q1 25 | 12.9% | 61.1% | ||
| Q4 24 | -46.4% | 62.3% | ||
| Q3 24 | -7.9% | 62.1% | ||
| Q2 24 | -13.1% | 64.9% |
净利率MRVLNVDA
| Q1 26 | — | 63.1% | ||
| Q4 25 | 91.7% | 56.0% | ||
| Q3 25 | 9.7% | 56.5% | ||
| Q2 25 | 9.4% | 42.6% | ||
| Q1 25 | 11.0% | 56.2% | ||
| Q4 24 | -44.6% | 55.0% | ||
| Q3 24 | -15.2% | 55.3% | ||
| Q2 24 | -18.6% | 57.1% |
每股收益（稀释后）MRVLNVDA
| Q1 26 | — | $1.76 | ||
| Q4 25 | $2.20 | $1.30 | ||
| Q3 25 | $0.22 | $1.08 | ||
| Q2 25 | $0.20 | $0.76 | ||
| Q1 25 | $0.23 | $-4.49 | ||
| Q4 24 | $-0.78 | $0.78 | ||
| Q3 24 | $-0.22 | $0.67 | ||
| Q2 24 | $-0.25 | $5.98 |
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 | $10.6B |
| 总债务越低越好 | $4.5B | $8.5B |
| 股东权益账面价值 | $14.1B | $157.3B |
| 总资产 | $21.6B | $206.8B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资MRVLNVDA
| Q1 26 | — | $10.6B | ||
| Q4 25 | $2.7B | $60.6B | ||
| Q3 25 | $1.2B | $56.8B | ||
| Q2 25 | $885.9M | $53.7B | ||
| Q1 25 | $948.3M | $43.2B | ||
| Q4 24 | $868.1M | $38.5B | ||
| Q3 24 | $808.7M | $34.8B | ||
| Q2 24 | $847.7M | $31.4B |
总债务MRVLNVDA
| Q1 26 | — | $8.5B | ||
| Q4 25 | $4.5B | $8.5B | ||
| Q3 25 | $4.5B | $8.5B | ||
| Q2 25 | $4.2B | $8.5B | ||
| Q1 25 | $4.1B | $8.5B | ||
| Q4 24 | $4.1B | $8.5B | ||
| Q3 24 | $4.1B | $8.5B | ||
| Q2 24 | $4.1B | $9.7B |
股东权益MRVLNVDA
| Q1 26 | — | $157.3B | ||
| Q4 25 | $14.1B | $118.9B | ||
| Q3 25 | $13.4B | $100.1B | ||
| Q2 25 | $13.3B | $83.8B | ||
| Q1 25 | $13.4B | $79.3B | ||
| Q4 24 | $13.4B | $65.9B | ||
| Q3 24 | $14.2B | $58.2B | ||
| Q2 24 | $14.5B | $49.1B |
总资产MRVLNVDA
| Q1 26 | — | $206.8B | ||
| Q4 25 | $21.6B | $161.1B | ||
| Q3 25 | $20.6B | $140.7B | ||
| Q2 25 | $20.0B | $125.3B | ||
| Q1 25 | $20.2B | $111.6B | ||
| Q4 24 | $19.7B | $96.0B | ||
| Q3 24 | $20.3B | $85.2B | ||
| Q2 24 | $20.5B | $77.1B |
负债/权益比MRVLNVDA
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.32× | 0.07× | ||
| Q3 25 | 0.33× | 0.08× | ||
| Q2 25 | 0.32× | 0.10× | ||
| Q1 25 | 0.30× | 0.11× | ||
| Q4 24 | 0.31× | 0.13× | ||
| Q3 24 | 0.29× | 0.15× | ||
| Q2 24 | 0.29× | 0.20× |
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 | $36.2B |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $34.9B |
| 自由现金流率自由现金流/营收 | 24.5% | 51.2% |
| 资本支出强度资本支出/营收 | 3.5% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.31× | 0.84× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $96.7B |
8季度趋势，按日历期对齐
经营现金流MRVLNVDA
| Q1 26 | — | $36.2B | ||
| Q4 25 | $582.3M | $23.8B | ||
| Q3 25 | $461.6M | $15.4B | ||
| Q2 25 | $332.9M | $27.4B | ||
| Q1 25 | $514.0M | $16.6B | ||
| Q4 24 | $536.3M | $17.6B | ||
| Q3 24 | $306.4M | $14.5B | ||
| Q2 24 | $324.5M | $15.3B |
自由现金流MRVLNVDA
| Q1 26 | — | $34.9B | ||
| Q4 25 | $508.8M | $22.1B | ||
| Q3 25 | $414.1M | $13.5B | ||
| Q2 25 | $214.1M | $26.2B | ||
| Q1 25 | $444.1M | $15.6B | ||
| Q4 24 | $461.3M | $16.8B | ||
| Q3 24 | $258.2M | $13.5B | ||
| Q2 24 | $233.0M | $15.0B |
自由现金流率MRVLNVDA
| Q1 26 | — | 51.2% | ||
| Q4 25 | 24.5% | 38.8% | ||
| Q3 25 | 20.6% | 28.8% | ||
| Q2 25 | 11.3% | 59.4% | ||
| Q1 25 | 24.4% | 39.5% | ||
| Q4 24 | 30.4% | 47.9% | ||
| Q3 24 | 20.3% | 45.0% | ||
| Q2 24 | 20.1% | 57.5% |
资本支出强度MRVLNVDA
| Q1 26 | — | 1.9% | ||
| Q4 25 | 3.5% | 2.9% | ||
| Q3 25 | 2.4% | 4.1% | ||
| Q2 25 | 6.3% | 2.8% | ||
| Q1 25 | 3.8% | 2.7% | ||
| Q4 24 | 4.9% | 2.3% | ||
| Q3 24 | 3.8% | 3.3% | ||
| Q2 24 | 7.9% | 1.4% |
现金转化率MRVLNVDA
| Q1 26 | — | 0.84× | ||
| Q4 25 | 0.31× | 0.74× | ||
| Q3 25 | 2.37× | 0.58× | ||
| Q2 25 | 1.87× | 1.46× | ||
| Q1 25 | 2.57× | 0.75× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 1.03× |
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
NVDA
| Compute | $51.3B | 75% |
| Networking | $11.0B | 16% |
| Gaming | $3.7B | 5% |
| Professional Visualization | $1.3B | 2% |
| Automotive | $604.0M | 1% |
| OEM And Other | $161.0M | 0% |
| Inventory Purchase Obligations In Excess Of Projections | $31.0M | 0% |
