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MACOM Technology Solutions Holdings, Inc.（MTSI）与INNOVATE Corp.（VATE）财务数据对比。点击上方公司名可切换其他公司
INNOVATE Corp.的季度营收约是MACOM Technology Solutions Holdings, Inc.的1.3倍（$382.7M vs $289.0M），MACOM Technology Solutions Holdings, Inc.净利率更高（16.0% vs -1.9%，领先18.0%），INNOVATE Corp.同比增速更快（61.7% vs 22.5%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（23.2% vs 10.2%）
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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
MTSI vs VATE — 直观对比
营收规模更大
VATE
是对方的1.3倍
$289.0M
营收增速更快
VATE
高出39.3%
22.5%
净利率更高
MTSI
高出18.0%
-1.9%
两年增速更快
MTSI
近两年复合增速
10.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $289.0M | $382.7M |
| 净利润 | $46.3M | $-7.4M |
| 毛利率 | 56.9% | 15.4% |
| 营业利润率 | 17.6% | 3.7% |
| 净利率 | 16.0% | -1.9% |
| 营收同比 | 22.5% | 61.7% |
| 净利润同比 | 46.3% | 55.4% |
| 每股收益（稀释后） | $0.60 | $-0.57 |
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MTSIVATE
| Q2 26 | $289.0M | — | ||
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $382.7M | ||
| Q3 25 | $252.1M | $347.1M | ||
| Q2 25 | $235.9M | $242.0M | ||
| Q1 25 | $218.1M | $274.2M | ||
| Q4 24 | — | $236.6M | ||
| Q3 24 | $200.7M | $242.2M |
净利润MTSIVATE
| Q2 26 | $46.3M | — | ||
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $-7.4M | ||
| Q3 25 | $36.5M | $-8.9M | ||
| Q2 25 | $31.7M | $-19.8M | ||
| Q1 25 | $-167.5M | $-24.5M | ||
| Q4 24 | — | $-16.6M | ||
| Q3 24 | $29.4M | $-15.0M |
毛利率MTSIVATE
| Q2 26 | 56.9% | — | ||
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 15.4% | ||
| Q3 25 | 55.3% | 14.3% | ||
| Q2 25 | 55.2% | 18.8% | ||
| Q1 25 | 53.7% | 16.6% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | 54.7% | 19.9% |
营业利润率MTSIVATE
| Q2 26 | 17.6% | — | ||
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 3.7% | ||
| Q3 25 | 14.9% | 1.8% | ||
| Q2 25 | 14.8% | 2.0% | ||
| Q1 25 | 8.0% | 1.2% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 13.7% | 2.4% |
净利率MTSIVATE
| Q2 26 | 16.0% | — | ||
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | -1.9% | ||
| Q3 25 | 14.5% | -2.6% | ||
| Q2 25 | 13.4% | -8.2% | ||
| Q1 25 | -76.8% | -8.9% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | 14.7% | -6.2% |
每股收益（稀释后）MTSIVATE
| Q2 26 | $0.60 | — | ||
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $-0.57 | ||
| Q3 25 | $0.48 | $-0.71 | ||
| Q2 25 | $0.42 | $-1.67 | ||
| Q1 25 | $-2.30 | $-1.89 | ||
| Q4 24 | — | $-0.72 | ||
| Q3 24 | $0.40 | $-1.18 |
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 | $664.9M | $112.1M |
| 总债务越低越好 | $0 | $80.3M |
| 股东权益账面价值 | — | $-240.1M |
| 总资产 | $2.0B | $950.1M |
| 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MTSIVATE
| Q2 26 | $664.9M | — | ||
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $112.1M | ||
| Q3 25 | $735.2M | $35.5M | ||
| Q2 25 | $681.5M | $33.4M | ||
| Q1 25 | $656.5M | $33.3M | ||
| Q4 24 | — | $48.8M | ||
| Q3 24 | $581.9M | $51.0M |
总债务MTSIVATE
| Q2 26 | $0 | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | — | $500.6M | ||
| Q3 24 | — | $502.4M |
股东权益MTSIVATE
| Q2 26 | — | — | ||
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $-240.1M | ||
| Q3 25 | $1.3B | $-233.3M | ||
| Q2 25 | $1.2B | $-224.8M | ||
| Q1 25 | $1.2B | $-204.2M | ||
| Q4 24 | — | $-180.4M | ||
| Q3 24 | $1.1B | $-163.1M |
总资产MTSIVATE
| Q2 26 | $2.0B | — | ||
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $950.1M | ||
| Q3 25 | $2.0B | $913.2M | ||
| Q2 25 | $1.9B | $890.9M | ||
| Q1 25 | $1.8B | $868.0M | ||
| Q4 24 | — | $891.1M | ||
| Q3 24 | $1.8B | $897.2M |
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 | $121.6M | $101.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.62× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MTSIVATE
| Q2 26 | $121.6M | — | ||
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $101.1M | ||
| Q3 25 | $60.4M | $19.2M | ||
| Q2 25 | $38.7M | $40.4M | ||
| Q1 25 | $66.7M | $-14.1M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | $62.3M | $-28.4M |
自由现金流MTSIVATE
| Q2 26 | — | — | ||
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | — | ||
| Q3 25 | $51.6M | $19.0M | ||
| Q2 25 | $30.5M | — | ||
| Q1 25 | $61.3M | $-18.8M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | $57.1M | $-31.5M |
自由现金流率MTSIVATE
| Q2 26 | — | — | ||
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 20.5% | 5.5% | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 28.1% | -6.9% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | 28.5% | -13.0% |
资本支出强度MTSIVATE
| Q2 26 | — | — | ||
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.5% | 0.1% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 2.4% | 1.7% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 2.6% | 1.3% |
现金转化率MTSIVATE
| Q2 26 | 2.62× | — | ||
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 1.65× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.12× | — |
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
暂无分部数据
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
