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PG&E Corporation（PCG）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PG&E Corporation的1.5倍（$10.6B vs $6.9B），高通净利率更高（69.5% vs 12.9%，领先56.7%），PG&E Corporation同比增速更快（15.0% vs -3.5%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 6.2%）
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
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。
PCG vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.5倍
$6.9B
营收增速更快
PCG
高出18.5%
-3.5%
净利率更高
QCOM
高出56.7%
12.9%
两年增速更快
PCG
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $10.6B |
| 净利润 | $885.0M | $7.4B |
| 毛利率 | — | 53.8% |
| 营业利润率 | 21.4% | 21.8% |
| 净利率 | 12.9% | 69.5% |
| 营收同比 | 15.0% | -3.5% |
| 净利润同比 | 39.6% | — |
| 每股收益（稀释后） | $0.39 | $6.88 |
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PCGQCOM
| Q1 26 | $6.9B | $10.6B | ||
| Q4 25 | $6.8B | $12.3B | ||
| Q3 25 | $6.3B | $11.3B | ||
| Q2 25 | $5.9B | $10.4B | ||
| Q1 25 | $6.0B | $11.0B | ||
| Q4 24 | $6.6B | $11.7B | ||
| Q3 24 | $5.9B | $10.2B | ||
| Q2 24 | $6.0B | $9.4B |
净利润PCGQCOM
| Q1 26 | $885.0M | $7.4B | ||
| Q4 25 | $670.0M | $3.0B | ||
| Q3 25 | $850.0M | $-3.1B | ||
| Q2 25 | $549.0M | $2.7B | ||
| Q1 25 | $634.0M | $2.8B | ||
| Q4 24 | $674.0M | $3.2B | ||
| Q3 24 | $579.0M | $2.9B | ||
| Q2 24 | $524.0M | $2.1B |
毛利率PCGQCOM
| Q1 26 | — | 53.8% | ||
| 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PCGQCOM
| Q1 26 | 21.4% | 21.8% | ||
| Q4 25 | 18.0% | 27.5% | ||
| Q3 25 | 19.3% | 25.9% | ||
| Q2 25 | 18.6% | 26.6% | ||
| Q1 25 | 20.4% | 28.4% | ||
| Q4 24 | 15.4% | 30.5% | ||
| Q3 24 | 17.3% | 25.2% | ||
| Q2 24 | 18.9% | 23.6% |
净利率PCGQCOM
| Q1 26 | 12.9% | 69.5% | ||
| Q4 25 | 9.8% | 24.5% | ||
| Q3 25 | 13.6% | -27.7% | ||
| Q2 25 | 9.3% | 25.7% | ||
| Q1 25 | 10.6% | 25.6% | ||
| Q4 24 | 10.2% | 27.3% | ||
| Q3 24 | 9.7% | 28.5% | ||
| Q2 24 | 8.8% | 22.7% |
每股收益（稀释后）PCGQCOM
| Q1 26 | $0.39 | $6.88 | ||
| Q4 25 | $0.29 | $2.78 | ||
| Q3 25 | $0.37 | $-2.77 | ||
| Q2 25 | $0.24 | $2.43 | ||
| Q1 25 | $0.28 | $2.52 | ||
| Q4 24 | $0.30 | $2.83 | ||
| Q3 24 | $0.27 | $2.57 | ||
| Q2 24 | $0.24 | $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 | — | $5.4B |
| 总债务越低越好 | — | $15.3B |
| 股东权益账面价值 | — | $27.3B |
| 总资产 | — | $57.1B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资PCGQCOM
| Q1 26 | — | $5.4B | ||
| Q4 25 | $713.0M | $11.8B | ||
| Q3 25 | $404.0M | $10.2B | ||
| Q2 25 | $494.0M | $10.0B | ||
| Q1 25 | $2.0B | $13.8B | ||
| Q4 24 | $940.0M | $14.3B | ||
| Q3 24 | $895.0M | $13.3B | ||
| Q2 24 | $1.3B | $13.0B |
总债务PCGQCOM
| Q1 26 | — | $15.3B | ||
| Q4 25 | $57.4B | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | $53.6B | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B |
股东权益PCGQCOM
| Q1 26 | — | $27.3B | ||
| Q4 25 | $32.5B | $23.1B | ||
| Q3 25 | $32.0B | $21.2B | ||
| Q2 25 | $31.2B | $27.2B | ||
| Q1 25 | $30.7B | $27.7B | ||
| Q4 24 | $30.1B | $26.9B | ||
| Q3 24 | $26.8B | $26.3B | ||
| Q2 24 | $26.3B | $24.7B |
总资产PCGQCOM
| Q1 26 | — | $57.1B | ||
| Q4 25 | $141.6B | $53.0B | ||
| Q3 25 | $138.2B | $50.1B | ||
| Q2 25 | $136.4B | $54.9B | ||
| Q1 25 | $135.4B | $55.4B | ||
| Q4 24 | $133.7B | $55.6B | ||
| Q3 24 | $132.3B | $55.2B | ||
| Q2 24 | $130.8B | $52.7B |
负债/权益比PCGQCOM
| Q1 26 | — | 0.56× | ||
| Q4 25 | 1.76× | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 1.78× | 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 | — | $7.4B |
| 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 | — | 10.2% |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 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PCGQCOM
| Q1 26 | — | $7.4B | ||
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $2.9B | $4.0B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $1.9B | $4.6B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $711.0M | $3.1B |
自由现金流PCGQCOM
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $4.4B | ||
| Q3 25 | $-80.0M | $3.6B | ||
| Q2 25 | $-2.0B | $2.6B | ||
| Q1 25 | $213.0M | $2.3B | ||
| Q4 24 | $-896.0M | $4.3B | ||
| Q3 24 | $526.0M | $2.4B | ||
| Q2 24 | $-1.6B | $2.7B |
自由现金流率PCGQCOM
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | 36.0% | ||
| Q3 25 | -1.3% | 31.8% | ||
| Q2 25 | -34.0% | 24.9% | ||
| Q1 25 | 3.6% | 21.3% | ||
| Q4 24 | -13.5% | 36.9% | ||
| Q3 24 | 8.9% | 23.3% | ||
| Q2 24 | -26.5% | 28.4% |
资本支出强度PCGQCOM
| Q1 26 | — | 10.2% | ||
| Q4 25 | 46.4% | 4.5% | ||
| Q3 25 | 46.9% | 3.6% | ||
| Q2 25 | 52.0% | 2.8% | ||
| Q1 25 | 44.0% | 1.9% | ||
| Q4 24 | 42.6% | 2.4% | ||
| Q3 24 | 43.8% | 2.5% | ||
| Q2 24 | 38.4% | 4.1% |
现金转化率PCGQCOM
| Q1 26 | — | 1.01× | ||
| Q4 25 | 2.93× | 1.65× | ||
| Q3 25 | 3.35× | — | ||
| Q2 25 | 1.93× | 1.08× | ||
| Q1 25 | 4.49× | 0.91× | ||
| Q4 24 | 2.87× | 1.44× | ||
| Q3 24 | 5.41× | 0.91× | ||
| Q2 24 | 1.36× | 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
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
QCOM
| Equipment and services | $9.1B | 85% |
| Licensing | $1.5B | 15% |
