vs
美满电子科技（MRVL）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是美满电子科技的1.3倍（$2.7B vs $2.1B），美满电子科技净利率更高（91.7% vs 13.4%，领先78.2%），美满电子科技同比增速更快（36.8% vs -4.7%），美满电子科技自由现金流更多（$508.8M vs $436.0M），过去两年美满电子科技的营收复合增速更高（20.6% vs 7.8%）
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。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
MRVL vs NVR — 直观对比
营收规模更大
NVR
是对方的1.3倍
$2.1B
营收增速更快
MRVL
高出41.5%
-4.7%
净利率更高
MRVL
高出78.2%
13.4%
自由现金流更多
MRVL
多$72.8M
$436.0M
两年增速更快
MRVL
近两年复合增速
7.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.7B |
| 净利润 | $1.9B | $363.8M |
| 毛利率 | 51.6% | — |
| 营业利润率 | 17.2% | — |
| 净利率 | 91.7% | 13.4% |
| 营收同比 | 36.8% | -4.7% |
| 净利润同比 | 381.1% | -20.5% |
| 每股收益（稀释后） | $2.20 | $120.85 |
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MRVLNVR
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.2B | $2.6B | ||
| Q1 24 | $1.4B | $2.3B |
净利润MRVLNVR
| Q4 25 | $1.9B | $363.8M | ||
| Q3 25 | $194.8M | $342.7M | ||
| Q2 25 | $177.9M | $333.7M | ||
| Q1 25 | $200.2M | $299.6M | ||
| Q4 24 | $-676.3M | $457.4M | ||
| Q3 24 | $-193.3M | $429.3M | ||
| Q2 24 | $-215.6M | $400.9M | ||
| Q1 24 | $-392.7M | $394.3M |
毛利率MRVLNVR
| 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MRVLNVR
| Q4 25 | 17.2% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -13.1% | — | ||
| Q1 24 | -2.3% | — |
净利率MRVLNVR
| Q4 25 | 91.7% | 13.4% | ||
| Q3 25 | 9.7% | 13.1% | ||
| Q2 25 | 9.4% | 12.8% | ||
| Q1 25 | 11.0% | 12.5% | ||
| Q4 24 | -44.6% | 16.1% | ||
| Q3 24 | -15.2% | 15.7% | ||
| Q2 24 | -18.6% | 15.3% | ||
| Q1 24 | -27.5% | 16.9% |
每股收益（稀释后）MRVLNVR
| Q4 25 | $2.20 | $120.85 | ||
| Q3 25 | $0.22 | $112.33 | ||
| Q2 25 | $0.20 | $108.54 | ||
| Q1 25 | $0.23 | $94.83 | ||
| Q4 24 | $-0.78 | $139.09 | ||
| Q3 24 | $-0.22 | $130.50 | ||
| Q2 24 | $-0.25 | $120.69 | ||
| Q1 24 | $-0.45 | $116.41 |
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 | — |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $14.1B | $3.9B |
| 总资产 | $21.6B | $5.9B |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
现金及短期投资MRVLNVR
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $885.9M | — | ||
| Q1 25 | $948.3M | — | ||
| Q4 24 | $868.1M | — | ||
| Q3 24 | $808.7M | — | ||
| Q2 24 | $847.7M | — | ||
| Q1 24 | $950.8M | — |
总债务MRVLNVR
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | — |
股东权益MRVLNVR
| Q4 25 | $14.1B | $3.9B | ||
| Q3 25 | $13.4B | $4.0B | ||
| Q2 25 | $13.3B | $3.8B | ||
| Q1 25 | $13.4B | $4.0B | ||
| Q4 24 | $13.4B | $4.2B | ||
| Q3 24 | $14.2B | $4.3B | ||
| Q2 24 | $14.5B | $4.1B | ||
| Q1 24 | $14.8B | $4.3B |
总资产MRVLNVR
| Q4 25 | $21.6B | $5.9B | ||
| Q3 25 | $20.6B | $6.0B | ||
| Q2 25 | $20.0B | $5.9B | ||
| Q1 25 | $20.2B | $6.2B | ||
| Q4 24 | $19.7B | $6.4B | ||
| Q3 24 | $20.3B | $6.5B | ||
| Q2 24 | $20.5B | $6.4B | ||
| Q1 24 | $21.2B | $6.5B |
负债/权益比MRVLNVR
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.28× | — |
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 | $439.7M |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $436.0M |
| 自由现金流率自由现金流/营收 | 24.5% | 16.1% |
| 资本支出强度资本支出/营收 | 3.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.31× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流MRVLNVR
| Q4 25 | $582.3M | $439.7M | ||
| Q3 25 | $461.6M | $438.7M | ||
| Q2 25 | $332.9M | $35.1M | ||
| Q1 25 | $514.0M | $207.8M | ||
| Q4 24 | $536.3M | $637.0M | ||
| Q3 24 | $306.4M | $358.3M | ||
| Q2 24 | $324.5M | $232.7M | ||
| Q1 24 | $546.6M | $146.5M |
自由现金流MRVLNVR
| Q4 25 | $508.8M | $436.0M | ||
| Q3 25 | $414.1M | $433.3M | ||
| Q2 25 | $214.1M | $26.8M | ||
| Q1 25 | $444.1M | $200.7M | ||
| Q4 24 | $461.3M | $631.5M | ||
| Q3 24 | $258.2M | $350.1M | ||
| Q2 24 | $233.0M | $226.3M | ||
| Q1 24 | $475.6M | $137.5M |
自由现金流率MRVLNVR
| Q4 25 | 24.5% | 16.1% | ||
| Q3 25 | 20.6% | 16.6% | ||
| Q2 25 | 11.3% | 1.0% | ||
| Q1 25 | 24.4% | 8.4% | ||
| Q4 24 | 30.4% | 22.2% | ||
| Q3 24 | 20.3% | 12.8% | ||
| Q2 24 | 20.1% | 8.7% | ||
| Q1 24 | 33.3% | 5.9% |
资本支出强度MRVLNVR
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 2.4% | 0.2% | ||
| Q2 25 | 6.3% | 0.3% | ||
| Q1 25 | 3.8% | 0.3% | ||
| Q4 24 | 4.9% | 0.2% | ||
| Q3 24 | 3.8% | 0.3% | ||
| Q2 24 | 7.9% | 0.2% | ||
| Q1 24 | 5.0% | 0.4% |
现金转化率MRVLNVR
| Q4 25 | 0.31× | 1.21× | ||
| Q3 25 | 2.37× | 1.28× | ||
| Q2 25 | 1.87× | 0.11× | ||
| Q1 25 | 2.57× | 0.69× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 0.37× |
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
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
