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美满电子科技（MRVL）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是美满电子科技的1.6倍（$3.4B vs $2.1B），美满电子科技净利率更高（91.7% vs 22.4%，领先69.2%），Welltower同比增速更快（38.3% vs 36.8%），过去两年Welltower的营收复合增速更高（55.1% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
MRVL vs WELL — 直观对比
营收规模更大
WELL
是对方的1.6倍
$2.1B
营收增速更快
WELL
高出1.5%
36.8%
净利率更高
MRVL
高出69.2%
22.4%
两年增速更快
WELL
近两年复合增速
20.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.4B |
| 净利润 | $1.9B | $752.3M |
| 毛利率 | 51.6% | — |
| 营业利润率 | 17.2% | — |
| 净利率 | 91.7% | 22.4% |
| 营收同比 | 36.8% | 38.3% |
| 净利润同比 | 381.1% | 192.4% |
| 每股收益（稀释后） | $2.20 | — |
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MRVLWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $2.6B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.2B | $1.4B |
净利润MRVLWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $1.9B | $117.8M | ||
| Q3 25 | $194.8M | $282.2M | ||
| Q2 25 | $177.9M | $304.6M | ||
| Q1 25 | $200.2M | $257.3M | ||
| Q4 24 | $-676.3M | $123.8M | ||
| Q3 24 | $-193.3M | $456.8M | ||
| Q2 24 | $-215.6M | $260.7M |
毛利率MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 51.6% | 24.3% | ||
| Q3 25 | 50.4% | 23.5% | ||
| Q2 25 | 50.3% | 23.2% | ||
| Q1 25 | 50.5% | 21.6% | ||
| Q4 24 | 23.0% | 20.0% | ||
| Q3 24 | 46.2% | 19.8% | ||
| Q2 24 | 45.5% | 20.2% |
营业利润率MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 14.5% | 14.2% | ||
| Q2 25 | 14.3% | 15.1% | ||
| Q1 25 | 12.9% | 10.7% | ||
| Q4 24 | -46.4% | 6.2% | ||
| Q3 24 | -7.9% | 12.2% | ||
| Q2 24 | -13.1% | 6.5% |
净利率MRVLWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 91.7% | 4.6% | ||
| Q3 25 | 9.7% | 13.7% | ||
| Q2 25 | 9.4% | 15.5% | ||
| Q1 25 | 11.0% | 13.8% | ||
| Q4 24 | -44.6% | 7.0% | ||
| Q3 24 | -15.2% | 30.2% | ||
| Q2 24 | -18.6% | 18.7% |
每股收益（稀释后）MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | $2.20 | $0.13 | ||
| Q3 25 | $0.22 | $0.41 | ||
| Q2 25 | $0.20 | $0.45 | ||
| Q1 25 | $0.23 | $0.40 | ||
| Q4 24 | $-0.78 | $0.20 | ||
| Q3 24 | $-0.22 | $0.73 | ||
| Q2 24 | $-0.25 | $0.42 |
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 | $4.7B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $14.1B | $44.7B |
| 总资产 | $21.6B | $67.2B |
| 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MRVLWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.7B | $5.0B | ||
| Q3 25 | $1.2B | $6.8B | ||
| Q2 25 | $885.9M | $4.4B | ||
| Q1 25 | $948.3M | $3.5B | ||
| Q4 24 | $868.1M | $3.5B | ||
| Q3 24 | $808.7M | $3.6B | ||
| Q2 24 | $847.7M | $2.8B |
总债务MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $19.2B | ||
| Q3 25 | $4.5B | $16.9B | ||
| Q2 25 | $4.2B | $16.0B | ||
| Q1 25 | $4.1B | $15.7B | ||
| Q4 24 | $4.1B | $15.5B | ||
| Q3 24 | $4.1B | $15.8B | ||
| Q2 24 | $4.1B | $13.9B |
股东权益MRVLWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $14.1B | $42.1B | ||
| Q3 25 | $13.4B | $38.8B | ||
| Q2 25 | $13.3B | $35.9B | ||
| Q1 25 | $13.4B | $34.0B | ||
| Q4 24 | $13.4B | $32.0B | ||
| Q3 24 | $14.2B | $30.3B | ||
| Q2 24 | $14.5B | $29.0B |
总资产MRVLWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $21.6B | $67.3B | ||
| Q3 25 | $20.6B | $59.5B | ||
| Q2 25 | $20.0B | $55.8B | ||
| Q1 25 | $20.2B | $53.3B | ||
| Q4 24 | $19.7B | $51.0B | ||
| Q3 24 | $20.3B | $49.0B | ||
| Q2 24 | $20.5B | $45.5B |
负债/权益比MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.32× | 0.46× | ||
| Q3 25 | 0.33× | 0.43× | ||
| Q2 25 | 0.32× | 0.44× | ||
| Q1 25 | 0.30× | 0.46× | ||
| Q4 24 | 0.31× | 0.49× | ||
| Q3 24 | 0.29× | 0.52× | ||
| Q2 24 | 0.29× | 0.48× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $508.8M | — |
| 自由现金流率自由现金流/营收 | 24.5% | — |
| 资本支出强度资本支出/营收 | 3.5% | — |
| 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季度趋势，按日历期对齐
经营现金流MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | $582.3M | $654.3M | ||
| Q3 25 | $461.6M | $858.4M | ||
| Q2 25 | $332.9M | $770.0M | ||
| Q1 25 | $514.0M | $599.0M | ||
| Q4 24 | $536.3M | $559.2M | ||
| Q3 24 | $306.4M | $685.0M | ||
| Q2 24 | $324.5M | $605.4M |
自由现金流MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | $508.8M | $340.4M | ||
| Q3 25 | $414.1M | $595.3M | ||
| Q2 25 | $214.1M | $537.2M | ||
| Q1 25 | $444.1M | $358.6M | ||
| Q4 24 | $461.3M | $240.4M | ||
| Q3 24 | $258.2M | $443.8M | ||
| Q2 24 | $233.0M | $440.3M |
自由现金流率MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 24.5% | 13.3% | ||
| Q3 25 | 20.6% | 28.9% | ||
| Q2 25 | 11.3% | 27.3% | ||
| Q1 25 | 24.4% | 19.2% | ||
| Q4 24 | 30.4% | 13.6% | ||
| Q3 24 | 20.3% | 29.4% | ||
| Q2 24 | 20.1% | 31.6% |
资本支出强度MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 12.3% | ||
| Q3 25 | 2.4% | 12.8% | ||
| Q2 25 | 6.3% | 11.8% | ||
| Q1 25 | 3.8% | 12.9% | ||
| Q4 24 | 4.9% | 18.1% | ||
| Q3 24 | 3.8% | 16.0% | ||
| Q2 24 | 7.9% | 11.8% |
现金转化率MRVLWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 5.56× | ||
| Q3 25 | 2.37× | 3.04× | ||
| Q2 25 | 1.87× | 2.53× | ||
| Q1 25 | 2.57× | 2.33× | ||
| Q4 24 | — | 4.52× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 2.32× |
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
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
