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安森美半导体（ON）与SIRIUS XM HOLDINGS INC.（SIRI）财务数据对比。点击上方公司名可切换其他公司
SIRIUS XM HOLDINGS INC.的季度营收约是安森美半导体的1.4倍（$2.2B vs $1.6B），安森美半导体净利率更高（16.4% vs 4.5%，领先11.9%），SIRIUS XM HOLDINGS INC.同比增速更快（0.2% vs -10.0%），SIRIUS XM HOLDINGS INC.自由现金流更多（$536.0M vs $372.4M），过去两年SIRIUS XM HOLDINGS INC.的营收复合增速更高（0.7% vs -12.3%）
安森美半导体旗下原仙童半导体是总部位于美国加利福尼亚州圣何塞的半导体企业，1957年由从肖克利半导体实验室离职的“八叛逆”创立，是晶体管和集成电路制造领域的先驱，曾历经多次股权变更，1997年再度独立运营后并入安森美。
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
ON vs SIRI — 直观对比
营收规模更大
SIRI
是对方的1.4倍
$1.6B
营收增速更快
SIRI
高出10.2%
-10.0%
净利率更高
ON
高出11.9%
4.5%
自由现金流更多
SIRI
多$163.6M
$372.4M
两年增速更快
SIRI
近两年复合增速
-12.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.2B |
| 净利润 | $255.0M | $99.0M |
| 毛利率 | 37.9% | 53.1% |
| 营业利润率 | 17.0% | 10.3% |
| 净利率 | 16.4% | 4.5% |
| 营收同比 | -10.0% | 0.2% |
| 净利润同比 | -32.9% | -55.4% |
| 每股收益（稀释后） | $0.63 | $0.23 |
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ONSIRI
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $2.2B | ||
| Q1 24 | $1.9B | $2.2B |
净利润ONSIRI
| Q4 25 | $255.0M | $99.0M | ||
| Q3 25 | $170.3M | $297.0M | ||
| Q2 25 | $-486.1M | $205.0M | ||
| Q1 25 | — | $204.0M | ||
| Q4 24 | $379.9M | $222.0M | ||
| Q3 24 | $401.7M | $-2.5B | ||
| Q2 24 | $338.2M | $304.0M | ||
| Q1 24 | $453.0M | $265.0M |
毛利率ONSIRI
| Q4 25 | 37.9% | 53.1% | ||
| Q3 25 | 37.6% | 52.2% | ||
| Q2 25 | 20.3% | 52.4% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | 45.2% | 52.9% | ||
| Q3 24 | 45.4% | 53.2% | ||
| Q2 24 | 45.2% | 53.5% | ||
| Q1 24 | 45.8% | 52.5% |
营业利润率ONSIRI
| Q4 25 | 17.0% | 10.3% | ||
| Q3 25 | 13.2% | 22.8% | ||
| Q2 25 | -39.7% | 17.1% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | 23.7% | 20.2% | ||
| Q3 24 | 25.3% | -133.6% | ||
| Q2 24 | 22.4% | 23.2% | ||
| Q1 24 | 28.2% | 20.2% |
净利率ONSIRI
| Q4 25 | 16.4% | 4.5% | ||
| Q3 25 | 11.6% | 13.8% | ||
| Q2 25 | -33.6% | 9.6% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | 22.1% | 10.1% | ||
| Q3 24 | 22.8% | -113.1% | ||
| Q2 24 | 19.5% | 14.0% | ||
| Q1 24 | 24.3% | 12.3% |
每股收益（稀释后）ONSIRI
| Q4 25 | $0.63 | $0.23 | ||
| Q3 25 | $0.41 | $0.84 | ||
| Q2 25 | $-1.15 | $0.57 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | $0.88 | $2.45 | ||
| Q3 24 | $0.93 | $-8.74 | ||
| Q2 24 | $0.78 | $0.08 | ||
| Q1 24 | $1.04 | $0.07 |
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 | $2.9B | $94.0M |
| 总债务越低越好 | $3.4B | $8.6B |
| 股东权益账面价值 | $7.9B | $11.6B |
| 总资产 | $13.0B | $27.2B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资ONSIRI
| Q4 25 | $2.9B | $94.0M | ||
| Q3 25 | $2.8B | $79.0M | ||
| Q2 25 | $3.0B | $92.0M | ||
| Q1 25 | — | $127.0M | ||
| Q4 24 | $3.0B | $162.0M | ||
| Q3 24 | $2.8B | $127.0M | ||
| Q2 24 | $2.7B | $100.0M | ||
| Q1 24 | $2.6B | $71.0M |
总债务ONSIRI
| Q4 25 | $3.4B | $8.6B | ||
| Q3 25 | $3.4B | $9.0B | ||
| Q2 25 | $3.4B | $10.1B | ||
| Q1 25 | — | $10.4B | ||
| Q4 24 | $3.4B | $10.3B | ||
| Q3 24 | $3.4B | $10.1B | ||
| Q2 24 | $3.4B | $9.0B | ||
| Q1 24 | $3.4B | $8.7B |
股东权益ONSIRI
| Q4 25 | $7.9B | $11.6B | ||
| Q3 25 | $7.9B | $11.6B | ||
| Q2 25 | $8.0B | $11.3B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | $8.8B | $11.1B | ||
| Q3 24 | $8.6B | $10.9B | ||
| Q2 24 | $8.3B | $-2.1B | ||
| Q1 24 | $8.1B | $-2.4B |
总资产ONSIRI
| Q4 25 | $13.0B | $27.2B | ||
| Q3 25 | $13.1B | $27.4B | ||
| Q2 25 | $13.3B | $27.3B | ||
| Q1 25 | — | $27.4B | ||
| Q4 24 | $14.1B | $27.5B | ||
| Q3 24 | $13.9B | $27.5B | ||
| Q2 24 | $13.7B | $11.2B | ||
| Q1 24 | $13.5B | $11.2B |
负债/权益比ONSIRI
| Q4 25 | 0.43× | 0.75× | ||
| Q3 25 | 0.43× | 0.78× | ||
| Q2 25 | 0.42× | 0.89× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 0.38× | 0.93× | ||
| Q3 24 | 0.39× | 0.93× | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.42× | — |
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 | $418.7M | $680.0M |
| 自由现金流经营现金流 - 资本支出 | $372.4M | $536.0M |
| 自由现金流率自由现金流/营收 | 24.0% | 24.4% |
| 资本支出强度资本支出/营收 | 3.0% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.64× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.2B |
8季度趋势，按日历期对齐
经营现金流ONSIRI
| Q4 25 | $418.7M | $680.0M | ||
| Q3 25 | $184.3M | $430.0M | ||
| Q2 25 | $602.3M | $546.0M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | $579.7M | $679.0M | ||
| Q3 24 | $465.8M | $240.0M | ||
| Q2 24 | $362.2M | $514.0M | ||
| Q1 24 | $498.7M | $308.0M |
自由现金流ONSIRI
| Q4 25 | $372.4M | $536.0M | ||
| Q3 25 | $106.1M | $255.0M | ||
| Q2 25 | $454.7M | $401.0M | ||
| Q1 25 | — | $53.0M | ||
| Q4 24 | $434.8M | $514.0M | ||
| Q3 24 | $293.6M | $24.0M | ||
| Q2 24 | $207.7M | $341.0M | ||
| Q1 24 | $276.3M | $134.0M |
自由现金流率ONSIRI
| Q4 25 | 24.0% | 24.4% | ||
| Q3 25 | 7.2% | 11.8% | ||
| Q2 25 | 31.5% | 18.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 25.2% | 23.5% | ||
| Q3 24 | 16.7% | 1.1% | ||
| Q2 24 | 12.0% | 15.7% | ||
| Q1 24 | 14.8% | 6.2% |
资本支出强度ONSIRI
| Q4 25 | 3.0% | 6.6% | ||
| Q3 25 | 5.3% | 8.1% | ||
| Q2 25 | 10.2% | 6.8% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | 8.4% | 7.5% | ||
| Q3 24 | 9.8% | 9.9% | ||
| Q2 24 | 8.9% | 7.9% | ||
| Q1 24 | 11.9% | 8.0% |
现金转化率ONSIRI
| Q4 25 | 1.64× | 6.87× | ||
| Q3 25 | 1.08× | 1.45× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 1.53× | 3.06× | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.07× | 1.69× | ||
| Q1 24 | 1.10× | 1.16× |
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
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
