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MACOM Technology Solutions Holdings, Inc.（MTSI）与RPC INC（RES）财务数据对比。点击上方公司名可切换其他公司
RPC INC的季度营收约是MACOM Technology Solutions Holdings, Inc.的1.6倍（$425.8M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -0.7%，领先18.7%），RPC INC同比增速更快（27.0% vs 24.5%），RPC INC自由现金流更多（$31.2M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 6.2%）
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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
MTSI vs RES — 直观对比
营收规模更大
RES
是对方的1.6倍
$271.6M
营收增速更快
RES
高出2.4%
24.5%
净利率更高
MTSI
高出18.7%
-0.7%
自由现金流更多
RES
多$1.2M
$30.0M
两年增速更快
MTSI
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $425.8M |
| 净利润 | $48.8M | $-3.1M |
| 毛利率 | 55.9% | 21.0% |
| 营业利润率 | 15.9% | -0.9% |
| 净利率 | 18.0% | -0.7% |
| 营收同比 | 24.5% | 27.0% |
| 净利润同比 | 129.1% | -124.0% |
| 每股收益（稀释后） | $0.64 | $-0.02 |
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MTSIRES
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $425.8M | ||
| Q3 25 | $252.1M | $447.1M | ||
| Q2 25 | $235.9M | $420.8M | ||
| Q1 25 | $218.1M | $332.9M | ||
| Q4 24 | — | $335.4M | ||
| Q3 24 | $200.7M | $337.7M | ||
| Q2 24 | $190.5M | $364.2M |
净利润MTSIRES
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $-3.1M | ||
| Q3 25 | $36.5M | $13.0M | ||
| Q2 25 | $31.7M | $10.1M | ||
| Q1 25 | $-167.5M | $12.0M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | $29.4M | $18.8M | ||
| Q2 24 | $19.9M | $32.4M |
毛利率MTSIRES
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 21.0% | ||
| Q3 25 | 55.3% | 25.1% | ||
| Q2 25 | 55.2% | 24.5% | ||
| Q1 25 | 53.7% | 26.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 54.7% | 26.7% | ||
| Q2 24 | 53.2% | 28.0% |
营业利润率MTSIRES
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | -0.9% | ||
| Q3 25 | 14.9% | 4.7% | ||
| Q2 25 | 14.8% | 3.7% | ||
| Q1 25 | 8.0% | 3.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 13.7% | 5.7% | ||
| Q2 24 | 10.4% | 9.7% |
净利率MTSIRES
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | -0.7% | ||
| Q3 25 | 14.5% | 2.9% | ||
| Q2 25 | 13.4% | 2.4% | ||
| Q1 25 | -76.8% | 3.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 14.7% | 5.6% | ||
| Q2 24 | 10.5% | 8.9% |
每股收益（稀释后）MTSIRES
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $-0.02 | ||
| Q3 25 | $0.48 | $0.06 | ||
| Q2 25 | $0.42 | $0.05 | ||
| Q1 25 | $-2.30 | $0.06 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $0.40 | $0.09 | ||
| Q2 24 | $0.27 | $0.15 |
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 | $210.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $1.1B |
| 总资产 | $2.1B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MTSIRES
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $210.0M | ||
| Q3 25 | $735.2M | $163.5M | ||
| Q2 25 | $681.5M | $162.1M | ||
| Q1 25 | $656.5M | $326.7M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | $581.9M | $276.9M | ||
| Q2 24 | $521.5M | $261.5M |
股东权益MTSIRES
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
总资产MTSIRES
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B |
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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $31.2M |
| 自由现金流率自由现金流/营收 | 11.0% | 7.3% |
| 资本支出强度资本支出/营收 | 4.8% | 7.2% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $161.5M | $52.9M |
8季度趋势，按日历期对齐
经营现金流MTSIRES
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $61.9M | ||
| Q3 25 | $60.4M | $46.5M | ||
| Q2 25 | $38.7M | $53.1M | ||
| Q1 25 | $66.7M | $39.9M | ||
| Q4 24 | — | $94.2M | ||
| Q3 24 | $62.3M | $70.7M | ||
| Q2 24 | $49.0M | $127.9M |
自由现金流MTSIRES
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | $31.2M | ||
| Q3 25 | $51.6M | $4.1M | ||
| Q2 25 | $30.5M | $10.0M | ||
| Q1 25 | $61.3M | $7.6M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $57.1M | $19.1M | ||
| Q2 24 | $41.5M | $52.9M |
自由现金流率MTSIRES
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | 7.3% | ||
| Q3 25 | 20.5% | 0.9% | ||
| Q2 25 | 12.9% | 2.4% | ||
| Q1 25 | 28.1% | 2.3% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 28.5% | 5.6% | ||
| Q2 24 | 21.8% | 14.5% |
资本支出强度MTSIRES
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | 7.2% | ||
| Q3 25 | 3.5% | 9.5% | ||
| Q2 25 | 3.5% | 10.2% | ||
| Q1 25 | 2.4% | 9.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 2.6% | 15.3% | ||
| Q2 24 | 3.9% | 20.6% |
现金转化率MTSIRES
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 1.65× | 3.59× | ||
| Q2 25 | 1.22× | 5.23× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 7.38× | ||
| Q3 24 | 2.12× | 3.76× | ||
| Q2 24 | 2.46× | 3.95× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
