vs
美格纳半导体（MX）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
美格纳半导体的季度营收约是FiscalNote Holdings, Inc.的1.8倍（$40.6M vs $22.2M），美格纳半导体同比增速更快（-20.7% vs -24.7%），FiscalNote Holdings, Inc.自由现金流更多（$-1.9M vs $-4.8M），过去两年美格纳半导体的营收复合增速更高（-3.4% vs -16.8%）
美格纳半导体是一家全球化半导体设计制造企业，核心产品涵盖显示驱动芯片、电源管理芯片及传感器解决方案，广泛服务消费电子、汽车、工业、通信等领域的全球头部客户。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
MX vs NOTE — 直观对比
营收规模更大
MX
是对方的1.8倍
$22.2M
营收增速更快
MX
高出4.0%
-24.7%
自由现金流更多
NOTE
多$2.9M
$-4.8M
两年增速更快
MX
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.6M | $22.2M |
| 净利润 | $-8.1M | — |
| 毛利率 | 9.3% | — |
| 营业利润率 | -26.1% | -83.7% |
| 净利率 | -19.9% | — |
| 营收同比 | -20.7% | -24.7% |
| 净利润同比 | 50.4% | — |
| 每股收益（稀释后） | $-0.23 | $-2.81 |
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MXNOTE
| Q4 25 | $40.6M | $22.2M | ||
| Q3 25 | $45.9M | $22.4M | ||
| Q2 25 | $47.6M | $23.3M | ||
| Q1 25 | $44.7M | $27.5M | ||
| Q4 24 | $51.2M | $29.5M | ||
| Q3 24 | $55.4M | $29.4M | ||
| Q2 24 | $46.4M | $29.2M | ||
| Q1 24 | $43.4M | $32.1M |
净利润MXNOTE
| Q4 25 | $-8.1M | — | ||
| Q3 25 | $-13.1M | $-24.9M | ||
| Q2 25 | $323.0K | $-13.3M | ||
| Q1 25 | $-8.9M | $-4.3M | ||
| Q4 24 | $-16.3M | — | ||
| Q3 24 | $-9.6M | $-14.9M | ||
| Q2 24 | $-13.0M | $-12.8M | ||
| Q1 24 | $-15.4M | $50.6M |
毛利率MXNOTE
| Q4 25 | 9.3% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 20.8% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 14.6% | — |
营业利润率MXNOTE
| Q4 25 | -26.1% | -83.7% | ||
| Q3 25 | -25.1% | -43.4% | ||
| Q2 25 | -15.6% | -31.9% | ||
| Q1 25 | -14.1% | -50.0% | ||
| Q4 24 | -12.5% | -19.4% | ||
| Q3 24 | -8.1% | -23.1% | ||
| Q2 24 | -12.3% | -27.2% | ||
| Q1 24 | -21.6% | -35.6% |
净利率MXNOTE
| Q4 25 | -19.9% | — | ||
| Q3 25 | -28.5% | -110.8% | ||
| Q2 25 | 0.7% | -57.0% | ||
| Q1 25 | -19.9% | -15.4% | ||
| Q4 24 | -31.8% | — | ||
| Q3 24 | -17.3% | -50.7% | ||
| Q2 24 | -28.0% | -43.6% | ||
| Q1 24 | -35.5% | 157.6% |
每股收益（稀释后）MXNOTE
| Q4 25 | $-0.23 | $-2.81 | ||
| Q3 25 | $-0.36 | $-1.73 | ||
| Q2 25 | $0.01 | $-0.08 | ||
| Q1 25 | $-0.24 | $-0.03 | ||
| Q4 24 | $-0.44 | $1.88 | ||
| Q3 24 | $-0.26 | $-1.33 | ||
| Q2 24 | $-0.34 | $-0.09 | ||
| Q1 24 | $-0.40 | $0.37 |
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 | $103.8M | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $248.3M | $62.0M |
| 总资产 | $351.5M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资MXNOTE
| Q4 25 | $103.8M | $26.3M | ||
| Q3 25 | $108.0M | $31.2M | ||
| Q2 25 | $113.3M | $38.5M | ||
| Q1 25 | $132.7M | $46.3M | ||
| Q4 24 | $138.6M | $34.6M | ||
| Q3 24 | $151.1M | $32.7M | ||
| Q2 24 | $162.5M | $37.7M | ||
| Q1 24 | $171.6M | $43.6M |
总债务MXNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | — | $145.9M | ||
| Q1 24 | — | $153.0M |
股东权益MXNOTE
| Q4 25 | $248.3M | $62.0M | ||
| Q3 25 | $255.3M | $75.5M | ||
| Q2 25 | $270.2M | $95.1M | ||
| Q1 25 | $269.2M | $98.7M | ||
| Q4 24 | $276.8M | $97.8M | ||
| Q3 24 | $299.6M | $98.5M | ||
| Q2 24 | $305.8M | $106.9M | ||
| Q1 24 | $321.9M | $106.1M |
总资产MXNOTE
| Q4 25 | $351.5M | $255.1M | ||
| Q3 25 | $359.6M | $273.9M | ||
| Q2 25 | $370.5M | $288.3M | ||
| Q1 25 | $373.9M | $299.7M | ||
| Q4 24 | $379.3M | $326.2M | ||
| Q3 24 | $411.4M | $337.9M | ||
| Q2 24 | $412.7M | $346.3M | ||
| Q1 24 | $426.2M | $357.8M |
负债/权益比MXNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
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 | $5.4M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $-1.9M |
| 自由现金流率自由现金流/营收 | -11.9% | -8.7% |
| 资本支出强度资本支出/营收 | 25.3% | 7.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-54.2M | $-18.6M |
8季度趋势，按日历期对齐
经营现金流MXNOTE
| Q4 25 | $5.4M | $-279.0K | ||
| Q3 25 | $162.0K | $-8.3M | ||
| Q2 25 | $-25.1M | $-6.2M | ||
| Q1 25 | $-4.7M | $3.3M | ||
| Q4 24 | $11.9M | $-1.3M | ||
| Q3 24 | $-12.9M | $-3.0M | ||
| Q2 24 | $-1.1M | $-3.7M | ||
| Q1 24 | $-4.0M | $2.7M |
自由现金流MXNOTE
| Q4 25 | $-4.8M | $-1.9M | ||
| Q3 25 | $-7.5M | $-10.4M | ||
| Q2 25 | $-37.0M | $-7.7M | ||
| Q1 25 | $-4.9M | $1.3M | ||
| Q4 24 | $4.4M | $-3.4M | ||
| Q3 24 | $-15.5M | $-5.4M | ||
| Q2 24 | $-2.0M | $-6.5M | ||
| Q1 24 | $-4.6M | $1.0M |
自由现金流率MXNOTE
| Q4 25 | -11.9% | -8.7% | ||
| Q3 25 | -16.3% | -46.2% | ||
| Q2 25 | -77.7% | -33.0% | ||
| Q1 25 | -10.9% | 4.7% | ||
| Q4 24 | 8.7% | -11.4% | ||
| Q3 24 | -28.0% | -18.4% | ||
| Q2 24 | -4.3% | -22.1% | ||
| Q1 24 | -10.7% | 3.3% |
资本支出强度MXNOTE
| Q4 25 | 25.3% | 7.4% | ||
| Q3 25 | 16.7% | 9.3% | ||
| Q2 25 | 24.9% | 6.4% | ||
| Q1 25 | 0.5% | 7.2% | ||
| Q4 24 | 14.5% | 6.8% | ||
| Q3 24 | 4.7% | 8.3% | ||
| Q2 24 | 1.9% | 9.4% | ||
| Q1 24 | 1.5% | 5.3% |
现金转化率MXNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -77.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
MX
| Power Analog Solutions | $36.8M | 91% |
| Power Ic | $3.8M | 9% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
