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网飞（NFLX）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是网飞的1.0倍（$12.3B vs $12.2B），网飞净利率更高（43.1% vs 24.5%，领先18.6%），网飞同比增速更快（16.2% vs 5.0%），网飞自由现金流更多（$5.1B vs $4.4B），过去两年高通的营收复合增速更高（14.2% vs 13.2%）
网飞是来自美国的会员制点播流媒体服务平台，主要提供不同品类的原创及引进电影、电视剧内容，业务覆盖全球众多国家和地区，支持多语言服务，致力于为全球用户提供多元优质的视听娱乐体验。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
NFLX vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.0倍
$12.2B
营收增速更快
NFLX
高出11.2%
5.0%
净利率更高
NFLX
高出18.6%
24.5%
自由现金流更多
NFLX
多$678.1M
$4.4B
两年增速更快
QCOM
近两年复合增速
13.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $12.2B | $12.3B |
| 净利润 | $5.3B | $3.0B |
| 毛利率 | 51.9% | 54.6% |
| 营业利润率 | 32.3% | 27.5% |
| 净利率 | 43.1% | 24.5% |
| 营收同比 | 16.2% | 5.0% |
| 净利润同比 | 82.8% | -5.5% |
| 每股收益（稀释后） | $1.23 | $2.78 |
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NFLXQCOM
| Q1 26 | $12.2B | — | ||
| Q4 25 | $12.1B | $12.3B | ||
| Q3 25 | $11.5B | $11.3B | ||
| Q2 25 | $11.1B | $10.4B | ||
| Q1 25 | $10.5B | $11.0B | ||
| Q4 24 | $10.2B | $11.7B | ||
| Q3 24 | $9.8B | $10.2B | ||
| Q2 24 | $9.6B | $9.4B |
净利润NFLXQCOM
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.4B | $3.0B | ||
| Q3 25 | $2.5B | $-3.1B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $2.9B | $2.8B | ||
| Q4 24 | $1.9B | $3.2B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.1B | $2.1B |
毛利率NFLXQCOM
| Q1 26 | 51.9% | — | ||
| Q4 25 | 45.9% | 54.6% | ||
| Q3 25 | 46.4% | 55.3% | ||
| Q2 25 | 51.9% | 55.6% | ||
| Q1 25 | 50.1% | 55.0% | ||
| Q4 24 | 43.7% | 55.8% | ||
| Q3 24 | 47.9% | 56.4% | ||
| Q2 24 | 45.9% | 55.6% |
营业利润率NFLXQCOM
| Q1 26 | 32.3% | — | ||
| Q4 25 | 24.5% | 27.5% | ||
| Q3 25 | 28.2% | 25.9% | ||
| Q2 25 | 34.1% | 26.6% | ||
| Q1 25 | 31.7% | 28.4% | ||
| Q4 24 | 22.2% | 30.5% | ||
| Q3 24 | 29.6% | 25.2% | ||
| Q2 24 | 27.2% | 23.6% |
净利率NFLXQCOM
| Q1 26 | 43.1% | — | ||
| Q4 25 | 20.1% | 24.5% | ||
| Q3 25 | 22.1% | -27.7% | ||
| Q2 25 | 28.2% | 25.7% | ||
| Q1 25 | 27.4% | 25.6% | ||
| Q4 24 | 18.2% | 27.3% | ||
| Q3 24 | 24.1% | 28.5% | ||
| Q2 24 | 22.5% | 22.7% |
每股收益（稀释后）NFLXQCOM
| Q1 26 | $1.23 | — | ||
| Q4 25 | $-17.14 | $2.78 | ||
| Q3 25 | $5.87 | $-2.77 | ||
| Q2 25 | $7.19 | $2.43 | ||
| Q1 25 | $0.66 | $2.52 | ||
| Q4 24 | $4.27 | $2.83 | ||
| Q3 24 | $5.40 | $2.57 | ||
| Q2 24 | $4.88 | $1.88 |
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 | $12.3B | $11.8B |
| 总债务越低越好 | $13.4B | $14.8B |
| 股东权益账面价值 | $31.1B | $23.1B |
| 总资产 | $61.0B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资NFLXQCOM
| Q1 26 | $12.3B | — | ||
| Q4 25 | $9.1B | $11.8B | ||
| Q3 25 | $9.3B | $10.2B | ||
| Q2 25 | $8.4B | $10.0B | ||
| Q1 25 | $8.4B | $13.8B | ||
| Q4 24 | $9.6B | $14.3B | ||
| Q3 24 | $9.2B | $13.3B | ||
| Q2 24 | $6.7B | $13.0B |
总债务NFLXQCOM
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | $14.8B | ||
| Q3 25 | $14.5B | $14.8B | ||
| Q2 25 | $14.5B | $14.8B | ||
| Q1 25 | $14.0B | $13.3B | ||
| Q4 24 | $13.8B | $13.2B | ||
| Q3 24 | $14.2B | $13.3B | ||
| Q2 24 | $12.2B | $13.2B |
股东权益NFLXQCOM
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $23.1B | ||
| Q3 25 | $26.0B | $21.2B | ||
| Q2 25 | $25.0B | $27.2B | ||
| Q1 25 | $24.0B | $27.7B | ||
| Q4 24 | $24.7B | $26.9B | ||
| Q3 24 | $22.7B | $26.3B | ||
| Q2 24 | $22.1B | $24.7B |
总资产NFLXQCOM
| Q1 26 | $61.0B | — | ||
| Q4 25 | $55.6B | $53.0B | ||
| Q3 25 | $54.9B | $50.1B | ||
| Q2 25 | $53.1B | $54.9B | ||
| Q1 25 | $52.1B | $55.4B | ||
| Q4 24 | $53.6B | $55.6B | ||
| Q3 24 | $52.3B | $55.2B | ||
| Q2 24 | $49.1B | $52.7B |
负债/权益比NFLXQCOM
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | 0.64× | ||
| Q3 25 | 0.56× | 0.70× | ||
| Q2 25 | 0.58× | 0.54× | ||
| Q1 25 | 0.58× | 0.48× | ||
| Q4 24 | 0.56× | 0.49× | ||
| Q3 24 | 0.62× | 0.51× | ||
| Q2 24 | 0.55× | 0.53× |
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 | $5.3B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $5.1B | $4.4B |
| 自由现金流率自由现金流/营收 | 41.6% | 36.0% |
| 资本支出强度资本支出/营收 | 1.6% | 4.5% |
| 现金转化率经营现金流/净利润 | 1.00× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $11.9B | $12.9B |
8季度趋势，按日历期对齐
经营现金流NFLXQCOM
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $5.0B | ||
| Q3 25 | $2.8B | $4.0B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $1.5B | $4.6B | ||
| Q3 24 | $2.3B | $2.6B | ||
| Q2 24 | $1.3B | $3.1B |
自由现金流NFLXQCOM
| Q1 26 | $5.1B | — | ||
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $2.7B | $3.6B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $2.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.7B |
自由现金流率NFLXQCOM
| Q1 26 | 41.6% | — | ||
| Q4 25 | 15.5% | 36.0% | ||
| Q3 25 | 23.1% | 31.8% | ||
| Q2 25 | 20.5% | 24.9% | ||
| Q1 25 | 25.2% | 21.3% | ||
| Q4 24 | 13.5% | 36.9% | ||
| Q3 24 | 22.3% | 23.3% | ||
| Q2 24 | 12.7% | 28.4% |
资本支出强度NFLXQCOM
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | 4.5% | ||
| Q3 25 | 1.4% | 3.6% | ||
| Q2 25 | 1.4% | 2.8% | ||
| Q1 25 | 1.2% | 1.9% | ||
| Q4 24 | 1.5% | 2.4% | ||
| Q3 24 | 1.3% | 2.5% | ||
| Q2 24 | 0.8% | 4.1% |
现金转化率NFLXQCOM
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 1.65× | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 0.78× | 1.08× | ||
| Q1 25 | 0.97× | 0.91× | ||
| Q4 24 | 0.82× | 1.44× | ||
| Q3 24 | 0.98× | 0.91× | ||
| Q2 24 | 0.60× | 1.43× |
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
NFLX
暂无分部数据
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
