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诺斯罗普·格鲁曼（NOC）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诺斯罗普·格鲁曼的1.2倍（$12.3B vs $9.9B），高通净利率更高（24.5% vs 8.9%，领先15.7%），高通同比增速更快（5.0% vs 4.4%），高通自由现金流更多（$4.4B vs $-1.8B），过去两年高通的营收复合增速更高（14.2% vs -1.7%）
诺斯罗普·格鲁曼是总部位于美国弗吉尼亚州西福尔斯彻奇的航空航天及防务企业，研发制造航空、防务、任务系统、航天领域的相关产品与系统，是美国联邦政府第五大承包商，获得的订单金额占美国联邦政府面向承包商总支出的2%以上。
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。
NOC vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.2倍
$9.9B
营收增速更快
QCOM
高出0.6%
4.4%
净利率更高
QCOM
高出15.7%
8.9%
自由现金流更多
QCOM
多$6.2B
$-1.8B
两年增速更快
QCOM
近两年复合增速
-1.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $12.3B |
| 净利润 | $875.0M | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | 1.9% | 27.5% |
| 净利率 | 8.9% | 24.5% |
| 营收同比 | 4.4% | 5.0% |
| 净利润同比 | 81.9% | -5.5% |
| 每股收益（稀释后） | $6.14 | $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NOCQCOM
| Q1 26 | $9.9B | — | ||
| Q4 25 | $11.7B | $12.3B | ||
| Q3 25 | $10.4B | $11.3B | ||
| Q2 25 | $10.4B | $10.4B | ||
| Q1 25 | $9.5B | $11.0B | ||
| Q4 24 | $10.7B | $11.7B | ||
| Q3 24 | $10.0B | $10.2B | ||
| Q2 24 | $10.2B | $9.4B |
净利润NOCQCOM
| Q1 26 | $875.0M | — | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.1B | $-3.1B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $481.0M | $2.8B | ||
| Q4 24 | $1.3B | $3.2B | ||
| Q3 24 | $1.0B | $2.9B | ||
| Q2 24 | $940.0M | $2.1B |
毛利率NOCQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | 54.6% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.6% | ||
| Q1 25 | — | 55.0% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 55.6% |
营业利润率NOCQCOM
| Q1 26 | 1.9% | — | ||
| Q4 25 | 10.9% | 27.5% | ||
| Q3 25 | 11.9% | 25.9% | ||
| Q2 25 | 13.8% | 26.6% | ||
| Q1 25 | 6.1% | 28.4% | ||
| Q4 24 | 10.2% | 30.5% | ||
| Q3 24 | 11.2% | 25.2% | ||
| Q2 24 | 10.7% | 23.6% |
净利率NOCQCOM
| Q1 26 | 8.9% | — | ||
| Q4 25 | 12.2% | 24.5% | ||
| Q3 25 | 10.6% | -27.7% | ||
| Q2 25 | 11.3% | 25.7% | ||
| Q1 25 | 5.1% | 25.6% | ||
| Q4 24 | 11.8% | 27.3% | ||
| Q3 24 | 10.3% | 28.5% | ||
| Q2 24 | 9.2% | 22.7% |
每股收益（稀释后）NOCQCOM
| Q1 26 | $6.14 | — | ||
| Q4 25 | $9.94 | $2.78 | ||
| Q3 25 | $7.67 | $-2.77 | ||
| Q2 25 | $8.15 | $2.43 | ||
| Q1 25 | $3.32 | $2.52 | ||
| Q4 24 | $8.66 | $2.83 | ||
| Q3 24 | $7.00 | $2.57 | ||
| Q2 24 | $6.36 | $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 | $2.1B | $11.8B |
| 总债务越低越好 | — | $14.8B |
| 股东权益账面价值 | $17.1B | $23.1B |
| 总资产 | $50.0B | $53.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资NOCQCOM
| Q1 26 | $2.1B | — | ||
| Q4 25 | $4.4B | $11.8B | ||
| Q3 25 | $2.0B | $10.2B | ||
| Q2 25 | $1.9B | $10.0B | ||
| Q1 25 | $1.7B | $13.8B | ||
| Q4 24 | $4.4B | $14.3B | ||
| Q3 24 | $3.3B | $13.3B | ||
| Q2 24 | $3.3B | $13.0B |
总债务NOCQCOM
| Q1 26 | — | — | ||
| Q4 25 | $15.2B | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | $14.7B | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B |
股东权益NOCQCOM
| Q1 26 | $17.1B | — | ||
| Q4 25 | $16.7B | $23.1B | ||
| Q3 25 | $16.0B | $21.2B | ||
| Q2 25 | $15.5B | $27.2B | ||
| Q1 25 | $15.0B | $27.7B | ||
| Q4 24 | $15.3B | $26.9B | ||
| Q3 24 | $14.7B | $26.3B | ||
| Q2 24 | $14.3B | $24.7B |
总资产NOCQCOM
| Q1 26 | $50.0B | — | ||
| Q4 25 | $51.4B | $53.0B | ||
| Q3 25 | $49.3B | $50.1B | ||
| Q2 25 | $49.5B | $54.9B | ||
| Q1 25 | $48.5B | $55.4B | ||
| Q4 24 | $49.4B | $55.6B | ||
| Q3 24 | $48.3B | $55.2B | ||
| Q2 24 | $47.7B | $52.7B |
负债/权益比NOCQCOM
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.96× | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 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 | $-1.7B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $-1.8B | $4.4B |
| 自由现金流率自由现金流/营收 | -18.4% | 36.0% |
| 资本支出强度资本支出/营收 | 1.7% | 4.5% |
| 现金转化率经营现金流/净利润 | -1.89× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $3.3B | $12.9B |
8季度趋势，按日历期对齐
经营现金流NOCQCOM
| Q1 26 | $-1.7B | — | ||
| Q4 25 | $3.9B | $5.0B | ||
| Q3 25 | $1.6B | $4.0B | ||
| Q2 25 | $868.0M | $2.9B | ||
| Q1 25 | $-1.6B | $2.6B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.4B | $3.1B |
自由现金流NOCQCOM
| Q1 26 | $-1.8B | — | ||
| Q4 25 | $3.2B | $4.4B | ||
| Q3 25 | $1.3B | $3.6B | ||
| Q2 25 | $637.0M | $2.6B | ||
| Q1 25 | $-1.8B | $2.3B | ||
| Q4 24 | $1.8B | $4.3B | ||
| Q3 24 | $730.0M | $2.4B | ||
| Q2 24 | $1.1B | $2.7B |
自由现金流率NOCQCOM
| Q1 26 | -18.4% | — | ||
| Q4 25 | 27.6% | 36.0% | ||
| Q3 25 | 12.1% | 31.8% | ||
| Q2 25 | 6.2% | 24.9% | ||
| Q1 25 | -19.2% | 21.3% | ||
| Q4 24 | 16.5% | 36.9% | ||
| Q3 24 | 7.3% | 23.3% | ||
| Q2 24 | 10.8% | 28.4% |
资本支出强度NOCQCOM
| Q1 26 | 1.7% | — | ||
| Q4 25 | 5.7% | 4.5% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 2.2% | 2.8% | ||
| Q1 25 | 2.7% | 1.9% | ||
| Q4 24 | 7.6% | 2.4% | ||
| Q3 24 | 3.6% | 2.5% | ||
| Q2 24 | 3.1% | 4.1% |
现金转化率NOCQCOM
| Q1 26 | -1.89× | — | ||
| Q4 25 | 2.73× | 1.65× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.74× | 1.08× | ||
| Q1 25 | -3.25× | 0.91× | ||
| Q4 24 | 2.04× | 1.44× | ||
| Q3 24 | 1.06× | 0.91× | ||
| Q2 24 | 1.52× | 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
NOC
| Aeronautics Systems | $3.3B | 33% |
| Mission Systems | $2.9B | 29% |
| Space Systems | $2.5B | 25% |
| Other | $1.3B | 13% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
