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百事公司（PEP）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
百事公司的季度营收约是高通的1.8倍（$19.4B vs $10.6B），高通净利率更高（69.5% vs 12.0%，领先57.5%），百事公司同比增速更快（8.5% vs -3.5%），过去两年高通的营收复合增速更高（6.2% vs -7.0%）
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料巨头，1965年由百事可乐公司与菲多利公司合并组建。其业务覆盖食品饮料全品类，负责旗下产品的生产、分销及营销推广，产品线已从最初的百事可乐拓展为丰富多元的品牌矩阵。
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。
PEP vs QCOM — 直观对比
营收规模更大
PEP
是对方的1.8倍
$10.6B
营收增速更快
PEP
高出12.0%
-3.5%
净利率更高
QCOM
高出57.5%
12.0%
两年增速更快
QCOM
近两年复合增速
-7.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.4B | $10.6B |
| 净利润 | $2.3B | $7.4B |
| 毛利率 | 55.2% | 53.8% |
| 营业利润率 | 16.5% | 21.8% |
| 净利率 | 12.0% | 69.5% |
| 营收同比 | 8.5% | -3.5% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $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PEPQCOM
| Q1 26 | $19.4B | $10.6B | ||
| Q4 25 | $29.3B | $12.3B | ||
| Q3 25 | $23.9B | $11.3B | ||
| Q2 25 | $22.7B | $10.4B | ||
| Q1 25 | $17.9B | $11.0B | ||
| Q4 24 | $27.8B | $11.7B | ||
| Q3 24 | $23.3B | $10.2B | ||
| Q2 24 | $22.5B | $9.4B |
净利润PEPQCOM
| Q1 26 | $2.3B | $7.4B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.6B | $-3.1B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $2.9B | $2.9B | ||
| Q2 24 | $3.1B | $2.1B |
毛利率PEPQCOM
| Q1 26 | 55.2% | 53.8% | ||
| Q4 25 | 53.2% | 54.6% | ||
| Q3 25 | 53.6% | 55.3% | ||
| Q2 25 | 54.7% | 55.6% | ||
| Q1 25 | 55.8% | 55.0% | ||
| Q4 24 | 52.6% | 55.8% | ||
| Q3 24 | 55.4% | 56.4% | ||
| Q2 24 | 55.9% | 55.6% |
营业利润率PEPQCOM
| Q1 26 | 16.5% | 21.8% | ||
| Q4 25 | 12.1% | 27.5% | ||
| Q3 25 | 14.9% | 25.9% | ||
| Q2 25 | 7.9% | 26.6% | ||
| Q1 25 | 14.4% | 28.4% | ||
| Q4 24 | 8.1% | 30.5% | ||
| Q3 24 | 16.6% | 25.2% | ||
| Q2 24 | 18.0% | 23.6% |
净利率PEPQCOM
| Q1 26 | 12.0% | 69.5% | ||
| Q4 25 | 8.7% | 24.5% | ||
| Q3 25 | 10.9% | -27.7% | ||
| Q2 25 | 5.6% | 25.7% | ||
| Q1 25 | 10.2% | 25.6% | ||
| Q4 24 | 5.5% | 27.3% | ||
| Q3 24 | 12.6% | 28.5% | ||
| Q2 24 | 13.7% | 22.7% |
每股收益（稀释后）PEPQCOM
| Q1 26 | — | $6.88 | ||
| Q4 25 | $1.85 | $2.78 | ||
| Q3 25 | $1.90 | $-2.77 | ||
| Q2 25 | $0.92 | $2.43 | ||
| Q1 25 | $1.33 | $2.52 | ||
| Q4 24 | $1.11 | $2.83 | ||
| Q3 24 | $2.13 | $2.57 | ||
| Q2 24 | $2.23 | $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 | $10.8B | $5.4B |
| 总债务越低越好 | — | $15.3B |
| 股东权益账面价值 | $21.5B | $27.3B |
| 总资产 | $110.6B | $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PEPQCOM
| Q1 26 | $10.8B | $5.4B | ||
| Q4 25 | $9.5B | $11.8B | ||
| Q3 25 | $8.7B | $10.2B | ||
| Q2 25 | $8.0B | $10.0B | ||
| Q1 25 | $8.6B | $13.8B | ||
| Q4 24 | $9.3B | $14.3B | ||
| Q3 24 | $8.1B | $13.3B | ||
| Q2 24 | $6.7B | $13.0B |
总债务PEPQCOM
| Q1 26 | — | $15.3B | ||
| Q4 25 | $42.3B | $14.8B | ||
| Q3 25 | $44.1B | $14.8B | ||
| Q2 25 | $39.3B | $14.8B | ||
| Q1 25 | $39.4B | $13.3B | ||
| Q4 24 | $37.2B | $13.2B | ||
| Q3 24 | $38.5B | $13.3B | ||
| Q2 24 | $36.6B | $13.2B |
股东权益PEPQCOM
| Q1 26 | $21.5B | $27.3B | ||
| Q4 25 | $20.4B | $23.1B | ||
| Q3 25 | $19.4B | $21.2B | ||
| Q2 25 | $18.4B | $27.2B | ||
| Q1 25 | $18.4B | $27.7B | ||
| Q4 24 | $18.0B | $26.9B | ||
| Q3 24 | $19.5B | $26.3B | ||
| Q2 24 | $19.4B | $24.7B |
总资产PEPQCOM
| Q1 26 | $110.6B | $57.1B | ||
| Q4 25 | $107.4B | $53.0B | ||
| Q3 25 | $106.6B | $50.1B | ||
| Q2 25 | $105.3B | $54.9B | ||
| Q1 25 | $101.7B | $55.4B | ||
| Q4 24 | $99.5B | $55.6B | ||
| Q3 24 | $100.5B | $55.2B | ||
| Q2 24 | $99.5B | $52.7B |
负债/权益比PEPQCOM
| Q1 26 | — | 0.56× | ||
| Q4 25 | 2.07× | 0.64× | ||
| Q3 25 | 2.28× | 0.70× | ||
| Q2 25 | 2.14× | 0.54× | ||
| Q1 25 | 2.14× | 0.48× | ||
| Q4 24 | 2.06× | 0.49× | ||
| Q3 24 | 1.98× | 0.51× | ||
| Q2 24 | 1.88× | 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PEPQCOM
| Q1 26 | — | $7.4B | ||
| Q4 25 | $6.6B | $5.0B | ||
| Q3 25 | $4.5B | $4.0B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $-973.0M | $2.6B | ||
| Q4 24 | $6.3B | $4.6B | ||
| Q3 24 | $4.9B | $2.6B | ||
| Q2 24 | $2.4B | $3.1B |
自由现金流PEPQCOM
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | $4.4B | ||
| Q3 25 | $3.5B | $3.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $-1.6B | $2.3B | ||
| Q4 24 | $3.8B | $4.3B | ||
| Q3 24 | $3.8B | $2.4B | ||
| Q2 24 | $1.3B | $2.7B |
自由现金流率PEPQCOM
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 36.0% | ||
| Q3 25 | 14.5% | 31.8% | ||
| Q2 25 | 4.7% | 24.9% | ||
| Q1 25 | -8.8% | 21.3% | ||
| Q4 24 | 13.7% | 36.9% | ||
| Q3 24 | 16.1% | 23.3% | ||
| Q2 24 | 5.6% | 28.4% |
资本支出强度PEPQCOM
| Q1 26 | — | 10.2% | ||
| Q4 25 | 6.5% | 4.5% | ||
| Q3 25 | 4.1% | 3.6% | ||
| Q2 25 | 4.0% | 2.8% | ||
| Q1 25 | 3.4% | 1.9% | ||
| Q4 24 | 8.9% | 2.4% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 4.8% | 4.1% |
现金转化率PEPQCOM
| Q1 26 | — | 1.01× | ||
| Q4 25 | 2.61× | 1.65× | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.56× | 1.08× | ||
| Q1 25 | -0.53× | 0.91× | ||
| Q4 24 | 4.13× | 1.44× | ||
| Q3 24 | 1.67× | 0.91× | ||
| Q2 24 | 0.76× | 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
PEP
暂无分部数据
QCOM
| Equipment and services | $9.1B | 85% |
| Licensing | $1.5B | 15% |
