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MACOM Technology Solutions Holdings, Inc.（MTSI）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是POWER SOLUTIONS INTERNATIONAL, INC.的1.4倍（$271.6M vs $191.2M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 8.4%，领先9.5%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 24.5%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $-7.6M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs 22.4%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
MTSI vs PSIX — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $191.2M |
| 净利润 | $48.8M | $16.1M |
| 毛利率 | 55.9% | 21.9% |
| 营业利润率 | 15.9% | 12.7% |
| 净利率 | 18.0% | 8.4% |
| 营收同比 | 24.5% | 32.5% |
| 净利润同比 | 129.1% | -31.0% |
| 每股收益（稀释后） | $0.64 | $0.69 |
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
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $191.2M | ||
| Q3 25 | $252.1M | $203.8M | ||
| Q2 25 | $235.9M | $191.9M | ||
| Q1 25 | $218.1M | $135.4M | ||
| Q4 24 | — | $144.3M | ||
| Q3 24 | $200.7M | $125.8M | ||
| Q2 24 | $190.5M | $110.6M |
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $16.1M | ||
| Q3 25 | $36.5M | $27.6M | ||
| Q2 25 | $31.7M | $51.2M | ||
| Q1 25 | $-167.5M | $19.1M | ||
| Q4 24 | — | $23.3M | ||
| Q3 24 | $29.4M | $17.3M | ||
| Q2 24 | $19.9M | $21.5M |
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 21.9% | ||
| Q3 25 | 55.3% | 23.9% | ||
| Q2 25 | 55.2% | 28.2% | ||
| Q1 25 | 53.7% | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | 54.7% | 28.9% | ||
| Q2 24 | 53.2% | 31.8% |
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 12.7% | ||
| Q3 25 | 14.9% | 13.9% | ||
| Q2 25 | 14.8% | 16.9% | ||
| Q1 25 | 8.0% | 18.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | 13.7% | 16.3% | ||
| Q2 24 | 10.4% | 22.9% |
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | 8.4% | ||
| Q3 25 | 14.5% | 13.5% | ||
| Q2 25 | 13.4% | 26.7% | ||
| Q1 25 | -76.8% | 14.1% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | 14.7% | 13.8% | ||
| Q2 24 | 10.5% | 19.5% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $0.69 | ||
| Q3 25 | $0.48 | $1.20 | ||
| Q2 25 | $0.42 | $2.22 | ||
| Q1 25 | $-2.30 | $0.83 | ||
| Q4 24 | — | $1.01 | ||
| Q3 24 | $0.40 | $0.75 | ||
| Q2 24 | $0.27 | $0.94 |
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 | $768.5M | $41.3M |
| 总债务越低越好 | — | $96.6M |
| 股东权益账面价值 | $1.4B | $178.6M |
| 总资产 | $2.1B | $424.7M |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $41.3M | ||
| Q3 25 | $735.2M | $49.0M | ||
| Q2 25 | $681.5M | $49.5M | ||
| Q1 25 | $656.5M | $50.0M | ||
| Q4 24 | — | $55.3M | ||
| Q3 24 | $581.9M | $40.5M | ||
| Q2 24 | $521.5M | $28.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $178.6M | ||
| Q3 25 | $1.3B | $162.5M | ||
| Q2 25 | $1.2B | $135.7M | ||
| Q1 25 | $1.2B | $84.3M | ||
| Q4 24 | — | $65.3M | ||
| Q3 24 | $1.1B | $42.1M | ||
| Q2 24 | $1.1B | $24.8M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $424.7M | ||
| Q3 25 | $2.0B | $458.9M | ||
| Q2 25 | $1.9B | $437.7M | ||
| Q1 25 | $1.8B | $372.7M | ||
| Q4 24 | — | $328.2M | ||
| Q3 24 | $1.8B | $339.1M | ||
| Q2 24 | $1.7B | $307.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
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 | $42.9M | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $-7.6M |
| 自由现金流率自由现金流/营收 | 11.0% | -4.0% |
| 资本支出强度资本支出/营收 | 4.8% | 1.6% |
| 现金转化率经营现金流/净利润 | 0.88× | -0.29× |
| 过去12个月自由现金流最近4个季度 | $161.5M | $14.1M |
8季度趋势，按日历期对齐
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $-4.6M | ||
| Q3 25 | $60.4M | $3.3M | ||
| Q2 25 | $38.7M | $16.7M | ||
| Q1 25 | $66.7M | $8.8M | ||
| Q4 24 | — | $32.7M | ||
| Q3 24 | $62.3M | $12.6M | ||
| Q2 24 | $49.0M | $1.5M |
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | $-7.6M | ||
| Q3 25 | $51.6M | $1.7M | ||
| Q2 25 | $30.5M | $14.6M | ||
| Q1 25 | $61.3M | $5.4M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | $57.1M | $12.1M | ||
| Q2 24 | $41.5M | $822.0K |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | -4.0% | ||
| Q3 25 | 20.5% | 0.8% | ||
| Q2 25 | 12.9% | 7.6% | ||
| Q1 25 | 28.1% | 4.0% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 28.5% | 9.7% | ||
| Q2 24 | 21.8% | 0.7% |
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | 1.6% | ||
| Q3 25 | 3.5% | 0.8% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 2.6% | 0.3% | ||
| Q2 24 | 3.9% | 0.6% |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | -0.29× | ||
| Q3 25 | 1.65× | 0.12× | ||
| Q2 25 | 1.22× | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 2.12× | 0.73× | ||
| Q2 24 | 2.46× | 0.07× |
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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
