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MACOM Technology Solutions Holdings, Inc.（MTSI）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是MACOM Technology Solutions Holdings, Inc.的1.8倍（$492.9M vs $271.6M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 18.0%，领先1.7%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 8.5%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
MTSI vs STWD — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $492.9M |
| 净利润 | $48.8M | $96.9M |
| 毛利率 | 55.9% | — |
| 营业利润率 | 15.9% | 26.6% |
| 净利率 | 18.0% | 19.7% |
| 营收同比 | 24.5% | 8.5% |
| 净利润同比 | 129.1% | 87.7% |
| 每股收益（稀释后） | $0.64 | $0.25 |
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 | $492.9M | ||
| Q3 25 | $252.1M | $488.9M | ||
| Q2 25 | $235.9M | $444.3M | ||
| Q1 25 | $218.1M | $418.2M | ||
| Q4 24 | — | $454.4M | ||
| Q3 24 | $200.7M | $479.5M | ||
| Q2 24 | $190.5M | $489.8M |
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $96.9M | ||
| Q3 25 | $36.5M | $72.6M | ||
| Q2 25 | $31.7M | $129.8M | ||
| Q1 25 | $-167.5M | $112.3M | ||
| Q4 24 | — | $51.6M | ||
| Q3 24 | $29.4M | $76.1M | ||
| Q2 24 | $19.9M | $77.9M |
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | — | ||
| Q3 25 | 55.3% | — | ||
| Q2 25 | 55.2% | — | ||
| Q1 25 | 53.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 54.7% | — | ||
| Q2 24 | 53.2% | — |
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 26.6% | ||
| Q3 25 | 14.9% | 19.1% | ||
| Q2 25 | 14.8% | 30.5% | ||
| Q1 25 | 8.0% | 28.7% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | 13.7% | 17.2% | ||
| Q2 24 | 10.4% | 19.1% |
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | 19.7% | ||
| Q3 25 | 14.5% | 14.8% | ||
| Q2 25 | 13.4% | 29.2% | ||
| Q1 25 | -76.8% | 26.8% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | 14.7% | 15.9% | ||
| Q2 24 | 10.5% | 15.9% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $0.25 | ||
| Q3 25 | $0.48 | $0.19 | ||
| Q2 25 | $0.42 | $0.38 | ||
| Q1 25 | $-2.30 | $0.33 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | $0.40 | $0.23 | ||
| Q2 24 | $0.27 | $0.24 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $6.8B |
| 总资产 | $2.1B | $63.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $499.5M | ||
| Q3 25 | $735.2M | $301.1M | ||
| Q2 25 | $681.5M | $259.9M | ||
| Q1 25 | $656.5M | $440.6M | ||
| Q4 24 | — | $377.8M | ||
| Q3 24 | $581.9M | $357.9M | ||
| Q2 24 | $521.5M | $259.3M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $6.8B | ||
| Q3 25 | $1.3B | $6.9B | ||
| Q2 25 | $1.2B | $6.4B | ||
| Q1 25 | $1.2B | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | $1.1B | $6.5B | ||
| Q2 24 | $1.1B | $6.2B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $63.2B | ||
| Q3 25 | $2.0B | $62.4B | ||
| Q2 25 | $1.9B | $62.4B | ||
| Q1 25 | $1.8B | $62.2B | ||
| Q4 24 | — | $62.6B | ||
| Q3 24 | $1.8B | $64.2B | ||
| Q2 24 | $1.7B | $64.1B |
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 | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | 0.88× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $161.5M | — |
8季度趋势，按日历期对齐
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $488.8M | ||
| Q3 25 | $60.4M | $337.6M | ||
| Q2 25 | $38.7M | $-87.4M | ||
| Q1 25 | $66.7M | $238.9M | ||
| Q4 24 | — | $295.6M | ||
| Q3 24 | $62.3M | $241.8M | ||
| Q2 24 | $49.0M | $53.3M |
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | — | ||
| Q3 25 | $51.6M | — | ||
| Q2 25 | $30.5M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $57.1M | — | ||
| Q2 24 | $41.5M | — |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 28.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 21.8% | — |
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | 5.04× | ||
| Q3 25 | 1.65× | 4.65× | ||
| Q2 25 | 1.22× | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | 2.12× | 3.18× | ||
| Q2 24 | 2.46× | 0.68× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
