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美满电子科技（MRVL）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, 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 -1.4%，领先93.0%），美满电子科技同比增速更快（36.8% vs -9.1%），美满电子科技自由现金流更多（$508.8M vs $191.0M），过去两年美满电子科技的营收复合增速更高（20.6% vs 6.9%）
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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
MRVL vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.3倍
$2.1B
营收增速更快
MRVL
高出45.9%
-9.1%
净利率更高
MRVL
高出93.0%
-1.4%
自由现金流更多
MRVL
多$317.8M
$191.0M
两年增速更快
MRVL
近两年复合增速
6.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.7B |
| 净利润 | $1.9B | $-37.0M |
| 毛利率 | 51.6% | 32.9% |
| 营业利润率 | 17.2% | 3.7% |
| 净利率 | 91.7% | -1.4% |
| 营收同比 | 36.8% | -9.1% |
| 净利润同比 | 381.1% | 97.1% |
| 每股收益（稀释后） | $2.20 | $-17.37 |
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MRVLQVCGA
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.4B | $2.3B |
净利润MRVLQVCGA
| Q4 25 | $1.9B | $-37.0M | ||
| Q3 25 | $194.8M | $-80.0M | ||
| Q2 25 | $177.9M | $-2.2B | ||
| Q1 25 | $200.2M | $-100.0M | ||
| Q4 24 | $-676.3M | $-1.3B | ||
| Q3 24 | $-193.3M | $-23.0M | ||
| Q2 24 | $-215.6M | $20.0M | ||
| Q1 24 | $-392.7M | $-1.0M |
毛利率MRVLQVCGA
| Q4 25 | 51.6% | 32.9% | ||
| Q3 25 | 50.4% | 34.0% | ||
| Q2 25 | 50.3% | 36.4% | ||
| Q1 25 | 50.5% | 34.2% | ||
| Q4 24 | 23.0% | 33.3% | ||
| Q3 24 | 46.2% | 35.3% | ||
| Q2 24 | 45.5% | 36.4% | ||
| Q1 24 | 46.6% | 35.5% |
营业利润率MRVLQVCGA
| Q4 25 | 17.2% | 3.7% | ||
| Q3 25 | 14.5% | 2.7% | ||
| Q2 25 | 14.3% | -101.6% | ||
| Q1 25 | 12.9% | 0.7% | ||
| Q4 24 | -46.4% | -43.2% | ||
| Q3 24 | -7.9% | 6.5% | ||
| Q2 24 | -13.1% | 6.9% | ||
| Q1 24 | -2.3% | 6.2% |
净利率MRVLQVCGA
| Q4 25 | 91.7% | -1.4% | ||
| Q3 25 | 9.7% | -3.6% | ||
| Q2 25 | 9.4% | -99.4% | ||
| Q1 25 | 11.0% | -4.8% | ||
| Q4 24 | -44.6% | -43.7% | ||
| Q3 24 | -15.2% | -1.0% | ||
| Q2 24 | -18.6% | 0.8% | ||
| Q1 24 | -27.5% | -0.0% |
每股收益（稀释后）MRVLQVCGA
| Q4 25 | $2.20 | $-17.37 | ||
| Q3 25 | $0.22 | $-9.89 | ||
| Q2 25 | $0.20 | $-275.46 | ||
| Q1 25 | $0.23 | $-0.25 | ||
| Q4 24 | $-0.78 | — | ||
| Q3 24 | $-0.22 | $-0.06 | ||
| Q2 24 | $-0.25 | $2.57 | ||
| Q1 24 | $-0.45 | — |
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 | $2.0B |
| 总债务越低越好 | $4.5B | $790.0M |
| 股东权益账面价值 | $14.1B | $-3.1B |
| 总资产 | $21.6B | $7.6B |
| 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MRVLQVCGA
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $885.9M | $897.0M | ||
| Q1 25 | $948.3M | $833.0M | ||
| Q4 24 | $868.1M | $905.0M | ||
| Q3 24 | $808.7M | $873.0M | ||
| Q2 24 | $847.7M | $1.2B | ||
| Q1 24 | $950.8M | $1.1B |
总债务MRVLQVCGA
| Q4 25 | $4.5B | $790.0M | ||
| Q3 25 | $4.5B | $5.9B | ||
| Q2 25 | $4.2B | $4.9B | ||
| Q1 25 | $4.1B | $5.0B | ||
| Q4 24 | $4.1B | $4.1B | ||
| Q3 24 | $4.1B | $5.1B | ||
| Q2 24 | $4.1B | $5.3B | ||
| Q1 24 | $4.2B | $5.5B |
股东权益MRVLQVCGA
| Q4 25 | $14.1B | $-3.1B | ||
| Q3 25 | $13.4B | $-3.1B | ||
| Q2 25 | $13.3B | $-3.0B | ||
| Q1 25 | $13.4B | $-981.0M | ||
| Q4 24 | $13.4B | $-971.0M | ||
| Q3 24 | $14.2B | $397.0M | ||
| Q2 24 | $14.5B | $328.0M | ||
| Q1 24 | $14.8B | $255.0M |
总资产MRVLQVCGA
| Q4 25 | $21.6B | $7.6B | ||
| Q3 25 | $20.6B | $7.6B | ||
| Q2 25 | $20.0B | $6.7B | ||
| Q1 25 | $20.2B | $9.0B | ||
| Q4 24 | $19.7B | $9.2B | ||
| Q3 24 | $20.3B | $10.8B | ||
| Q2 24 | $20.5B | $10.9B | ||
| Q1 24 | $21.2B | $11.0B |
负债/权益比MRVLQVCGA
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.29× | 12.74× | ||
| Q2 24 | 0.29× | 16.28× | ||
| Q1 24 | 0.28× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $191.0M |
| 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% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.31× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $118.0M |
8季度趋势，按日历期对齐
经营现金流MRVLQVCGA
| Q4 25 | $582.3M | $244.0M | ||
| Q3 25 | $461.6M | $4.0M | ||
| Q2 25 | $332.9M | $86.0M | ||
| Q1 25 | $514.0M | $-60.0M | ||
| Q4 24 | $536.3M | $212.0M | ||
| Q3 24 | $306.4M | $20.0M | ||
| Q2 24 | $324.5M | $267.0M | ||
| Q1 24 | $546.6M | $26.0M |
自由现金流MRVLQVCGA
| Q4 25 | $508.8M | $191.0M | ||
| Q3 25 | $414.1M | $-27.0M | ||
| Q2 25 | $214.1M | $48.0M | ||
| Q1 25 | $444.1M | $-94.0M | ||
| Q4 24 | $461.3M | $150.0M | ||
| Q3 24 | $258.2M | $-23.0M | ||
| Q2 24 | $233.0M | $213.0M | ||
| Q1 24 | $475.6M | $-14.0M |
自由现金流率MRVLQVCGA
| Q4 25 | 24.5% | 7.1% | ||
| Q3 25 | 20.6% | -1.2% | ||
| Q2 25 | 11.3% | 2.1% | ||
| Q1 25 | 24.4% | -4.5% | ||
| Q4 24 | 30.4% | 5.1% | ||
| Q3 24 | 20.3% | -1.0% | ||
| Q2 24 | 20.1% | 8.8% | ||
| Q1 24 | 33.3% | -0.6% |
资本支出强度MRVLQVCGA
| Q4 25 | 3.5% | 2.0% | ||
| Q3 25 | 2.4% | 1.4% | ||
| Q2 25 | 6.3% | 1.7% | ||
| Q1 25 | 3.8% | 1.6% | ||
| Q4 24 | 4.9% | 2.1% | ||
| Q3 24 | 3.8% | 1.8% | ||
| Q2 24 | 7.9% | 2.2% | ||
| Q1 24 | 5.0% | 1.7% |
现金转化率MRVLQVCGA
| Q4 25 | 0.31× | — | ||
| Q3 25 | 2.37× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.35× | ||
| Q1 24 | — | — |
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
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
