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美满电子科技（MRVL）与RXO, Inc.（RXO）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RXO, Inc.的1.4倍（$2.1B vs $1.5B），美满电子科技净利率更高（91.7% vs -3.1%，领先94.8%），美满电子科技同比增速更快（36.8% vs -11.9%），美满电子科技自由现金流更多（$508.8M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MRVL vs RXO — 直观对比
营收规模更大
MRVL
是对方的1.4倍
$1.5B
营收增速更快
MRVL
高出48.7%
-11.9%
净利率更高
MRVL
高出94.8%
-3.1%
自由现金流更多
MRVL
多$517.8M
$-9.0M
两年增速更快
RXO
近两年复合增速
20.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $1.9B | $-46.0M |
| 毛利率 | 51.6% | — |
| 营业利润率 | 17.2% | -2.9% |
| 净利率 | 91.7% | -3.1% |
| 营收同比 | 36.8% | -11.9% |
| 净利润同比 | 381.1% | -84.0% |
| 每股收益（稀释后） | $2.20 | $-0.28 |
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MRVLRXO
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M | ||
| Q1 24 | $1.4B | $913.0M |
净利润MRVLRXO
| Q4 25 | $1.9B | $-46.0M | ||
| Q3 25 | $194.8M | $-14.0M | ||
| Q2 25 | $177.9M | $-9.0M | ||
| Q1 25 | $200.2M | $-31.0M | ||
| Q4 24 | $-676.3M | $-25.0M | ||
| Q3 24 | $-193.3M | $-243.0M | ||
| Q2 24 | $-215.6M | $-7.0M | ||
| Q1 24 | $-392.7M | $-15.0M |
毛利率MRVLRXO
| 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MRVLRXO
| Q4 25 | 17.2% | -2.9% | ||
| Q3 25 | 14.5% | -0.5% | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 12.9% | -2.1% | ||
| Q4 24 | -46.4% | -1.4% | ||
| Q3 24 | -7.9% | -1.9% | ||
| Q2 24 | -13.1% | — | ||
| Q1 24 | -2.3% | -1.3% |
净利率MRVLRXO
| Q4 25 | 91.7% | -3.1% | ||
| Q3 25 | 9.7% | -1.0% | ||
| Q2 25 | 9.4% | -0.6% | ||
| Q1 25 | 11.0% | -2.2% | ||
| Q4 24 | -44.6% | -1.5% | ||
| Q3 24 | -15.2% | -23.4% | ||
| Q2 24 | -18.6% | -0.8% | ||
| Q1 24 | -27.5% | -1.6% |
每股收益（稀释后）MRVLRXO
| Q4 25 | $2.20 | $-0.28 | ||
| Q3 25 | $0.22 | $-0.08 | ||
| Q2 25 | $0.20 | $-0.05 | ||
| Q1 25 | $0.23 | $-0.18 | ||
| Q4 24 | $-0.78 | $-0.17 | ||
| Q3 24 | $-0.22 | $-1.81 | ||
| Q2 24 | $-0.25 | $-0.06 | ||
| Q1 24 | $-0.45 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $4.5B | $387.0M |
| 股东权益账面价值 | $14.1B | $1.5B |
| 总资产 | $21.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MRVLRXO
| Q4 25 | $2.7B | $17.0M | ||
| Q3 25 | $1.2B | $25.0M | ||
| Q2 25 | $885.9M | $18.0M | ||
| Q1 25 | $948.3M | $16.0M | ||
| Q4 24 | $868.1M | $35.0M | ||
| Q3 24 | $808.7M | $55.0M | ||
| Q2 24 | $847.7M | $7.0M | ||
| Q1 24 | $950.8M | $7.0M |
总债务MRVLRXO
| Q4 25 | $4.5B | $387.0M | ||
| Q3 25 | $4.5B | $387.0M | ||
| Q2 25 | $4.2B | $387.0M | ||
| Q1 25 | $4.1B | $387.0M | ||
| Q4 24 | $4.1B | $351.0M | ||
| Q3 24 | $4.1B | $352.0M | ||
| Q2 24 | $4.1B | $370.0M | ||
| Q1 24 | $4.2B | $351.0M |
股东权益MRVLRXO
| Q4 25 | $14.1B | $1.5B | ||
| Q3 25 | $13.4B | $1.6B | ||
| Q2 25 | $13.3B | $1.6B | ||
| Q1 25 | $13.4B | $1.6B | ||
| Q4 24 | $13.4B | $1.6B | ||
| Q3 24 | $14.2B | $1.7B | ||
| Q2 24 | $14.5B | $579.0M | ||
| Q1 24 | $14.8B | $582.0M |
总资产MRVLRXO
| Q4 25 | $21.6B | $3.3B | ||
| Q3 25 | $20.6B | $3.2B | ||
| Q2 25 | $20.0B | $3.2B | ||
| Q1 25 | $20.2B | $3.3B | ||
| Q4 24 | $19.7B | $3.4B | ||
| Q3 24 | $20.3B | $3.4B | ||
| Q2 24 | $20.5B | $1.8B | ||
| Q1 24 | $21.2B | $1.8B |
负债/权益比MRVLRXO
| Q4 25 | 0.32× | 0.25× | ||
| Q3 25 | 0.33× | 0.24× | ||
| Q2 25 | 0.32× | 0.24× | ||
| Q1 25 | 0.30× | 0.24× | ||
| Q4 24 | 0.31× | 0.22× | ||
| Q3 24 | 0.29× | 0.21× | ||
| Q2 24 | 0.29× | 0.64× | ||
| Q1 24 | 0.28× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $-9.0M |
| 自由现金流率自由现金流/营收 | 24.5% | -0.6% |
| 资本支出强度资本支出/营收 | 3.5% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MRVLRXO
| Q4 25 | $582.3M | $7.0M | ||
| Q3 25 | $461.6M | $23.0M | ||
| Q2 25 | $332.9M | $23.0M | ||
| Q1 25 | $514.0M | $-2.0M | ||
| Q4 24 | $536.3M | $-7.0M | ||
| Q3 24 | $306.4M | $-7.0M | ||
| Q2 24 | $324.5M | $-5.0M | ||
| Q1 24 | $546.6M | $7.0M |
自由现金流MRVLRXO
| Q4 25 | $508.8M | $-9.0M | ||
| Q3 25 | $414.1M | $9.0M | ||
| Q2 25 | $214.1M | $9.0M | ||
| Q1 25 | $444.1M | $-17.0M | ||
| Q4 24 | $461.3M | $-19.0M | ||
| Q3 24 | $258.2M | $-18.0M | ||
| Q2 24 | $233.0M | $-16.0M | ||
| Q1 24 | $475.6M | $-4.0M |
自由现金流率MRVLRXO
| Q4 25 | 24.5% | -0.6% | ||
| Q3 25 | 20.6% | 0.6% | ||
| Q2 25 | 11.3% | 0.6% | ||
| Q1 25 | 24.4% | -1.2% | ||
| Q4 24 | 30.4% | -1.1% | ||
| Q3 24 | 20.3% | -1.7% | ||
| Q2 24 | 20.1% | -1.7% | ||
| Q1 24 | 33.3% | -0.4% |
资本支出强度MRVLRXO
| Q4 25 | 3.5% | 1.1% | ||
| Q3 25 | 2.4% | 1.0% | ||
| Q2 25 | 6.3% | 1.0% | ||
| Q1 25 | 3.8% | 1.0% | ||
| Q4 24 | 4.9% | 0.7% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | 7.9% | 1.2% | ||
| Q1 24 | 5.0% | 1.2% |
现金转化率MRVLRXO
| Q4 25 | 0.31× | — | ||
| Q3 25 | 2.37× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
