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PennyMac Financial Services, Inc.（PFSI）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是PennyMac Financial Services, Inc.的1.9倍（$1.0B vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 7.6%，领先1744.8%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% vs -0.5%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
PFSI vs SWKS — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $538.0M | $1.0B |
| 净利润 | $106.8M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 25.0% | 10.0% |
| 净利率 | 1752.5% | 7.6% |
| 营收同比 | 14.4% | 8.6% |
| 净利润同比 | 2.2% | 15.3% |
| 每股收益（稀释后） | $1.97 | $0.53 |
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
| Q1 26 | — | $1.0B | ||
| Q4 25 | $538.0M | $1.1B | ||
| Q3 25 | $632.9M | — | ||
| Q2 25 | $444.7M | $965.0M | ||
| Q1 25 | $430.9M | $953.2M | ||
| Q4 24 | $470.1M | $1.1B | ||
| Q3 24 | $411.8M | $1.0B | ||
| Q2 24 | $406.1M | $905.5M |
| Q1 26 | — | $79.2M | ||
| Q4 25 | $106.8M | $141.4M | ||
| Q3 25 | $181.5M | — | ||
| Q2 25 | $136.5M | $105.0M | ||
| Q1 25 | $76.3M | $68.7M | ||
| Q4 24 | $104.5M | $162.0M | ||
| Q3 24 | $69.4M | $60.5M | ||
| Q2 24 | $98.3M | $120.9M |
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 25.0% | 10.1% | ||
| Q3 25 | 37.3% | — | ||
| Q2 25 | 17.2% | 11.5% | ||
| Q1 25 | 24.2% | 10.2% | ||
| Q4 24 | 27.5% | 16.9% | ||
| Q3 24 | 22.8% | 5.8% | ||
| Q2 24 | 33.0% | 14.4% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1752.5% | 12.9% | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 30.7% | 10.9% | ||
| Q1 25 | 17.7% | 7.2% | ||
| Q4 24 | 2559.8% | 15.2% | ||
| Q3 24 | 16.8% | 5.9% | ||
| Q2 24 | 24.2% | 13.4% |
| Q1 26 | — | $0.53 | ||
| Q4 25 | $1.97 | $0.95 | ||
| Q3 25 | $3.37 | — | ||
| Q2 25 | $2.54 | $0.70 | ||
| Q1 25 | $1.42 | $0.43 | ||
| Q4 24 | $1.95 | $1.00 | ||
| Q3 24 | $1.30 | $0.36 | ||
| Q2 24 | $1.85 | $0.75 |
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 | $410.0M | $1.6B |
| 总债务越低越好 | $6.2B | $496.6M |
| 股东权益账面价值 | $4.3B | $5.8B |
| 总资产 | $29.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.45× | 0.09× |
8季度趋势，按日历期对齐
| Q1 26 | — | $1.6B | ||
| Q4 25 | $410.0M | $1.4B | ||
| Q3 25 | $62.2M | — | ||
| Q2 25 | $462.3M | $1.3B | ||
| Q1 25 | $443.4M | $1.5B | ||
| Q4 24 | $420.6M | $1.7B | ||
| Q3 24 | $667.9M | $1.6B | ||
| Q2 24 | $188.8M | $1.3B |
| Q1 26 | — | $496.6M | ||
| Q4 25 | $6.2B | $496.4M | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.6B | $496.2M | ||
| Q1 25 | $5.8B | $995.1M | ||
| Q4 24 | $5.3B | $994.7M | ||
| Q3 24 | $4.9B | $994.3M | ||
| Q2 24 | $4.9B | $994.0M |
| Q1 26 | — | $5.8B | ||
| Q4 25 | $4.3B | $5.8B | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.0B | $5.7B | ||
| Q1 25 | $3.9B | $5.9B | ||
| Q4 24 | $3.8B | $6.4B | ||
| Q3 24 | $3.7B | $6.3B | ||
| Q2 24 | $3.7B | $6.3B |
| Q1 26 | — | $7.9B | ||
| Q4 25 | $29.4B | $7.9B | ||
| Q3 25 | $25.4B | — | ||
| Q2 25 | $24.2B | $7.7B | ||
| Q1 25 | $23.9B | $7.9B | ||
| Q4 24 | $26.1B | $8.3B | ||
| Q3 24 | $22.9B | $8.3B | ||
| Q2 24 | $21.6B | $8.2B |
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.45× | 0.09× | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.38× | 0.09× | ||
| Q1 25 | 1.48× | 0.17× | ||
| Q4 24 | 1.37× | 0.16× | ||
| Q3 24 | 1.32× | 0.16× | ||
| Q2 24 | 1.35× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | $339.0M |
| 自由现金流率自由现金流/营收 | -309.3% | 32.7% |
| 资本支出强度资本支出/营收 | 2.2% | 5.5% |
| 现金转化率经营现金流/净利润 | -15.46× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $1.1B |
8季度趋势，按日历期对齐
| Q1 26 | — | $395.5M | ||
| Q4 25 | $-1.7B | $200.0M | ||
| Q3 25 | $-697.4M | — | ||
| Q2 25 | $-131.3M | $314.2M | ||
| Q1 25 | $1.1B | $409.4M | ||
| Q4 24 | $-4.5B | $377.2M | ||
| Q3 24 | $-393.7M | $476.1M | ||
| Q2 24 | $-1.1B | $273.4M |
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-1.7B | $144.0M | ||
| Q3 25 | $-699.4M | — | ||
| Q2 25 | $-132.6M | $252.7M | ||
| Q1 25 | $1.1B | $370.9M | ||
| Q4 24 | $-4.5B | $338.2M | ||
| Q3 24 | $-393.9M | $393.3M | ||
| Q2 24 | $-1.1B | $249.0M |
| Q1 26 | — | 32.7% | ||
| Q4 25 | -309.3% | 13.1% | ||
| Q3 25 | -110.5% | — | ||
| Q2 25 | -29.8% | 26.2% | ||
| Q1 25 | 247.3% | 38.9% | ||
| Q4 24 | -964.7% | 31.7% | ||
| Q3 24 | -95.6% | 38.4% | ||
| Q2 24 | -269.2% | 27.5% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.2% | 5.1% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | 6.4% | ||
| Q1 25 | 0.1% | 4.0% | ||
| Q4 24 | 0.4% | 3.6% | ||
| Q3 24 | 0.0% | 8.1% | ||
| Q2 24 | 0.1% | 2.7% |
| Q1 26 | — | 4.99× | ||
| Q4 25 | -15.46× | 1.41× | ||
| Q3 25 | -3.84× | — | ||
| Q2 25 | -0.96× | 2.99× | ||
| Q1 25 | 13.97× | 5.96× | ||
| Q4 24 | -43.39× | 2.33× | ||
| Q3 24 | -5.68× | 7.87× | ||
| Q2 24 | -11.12× | 2.26× |
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
PFSI
暂无分部数据
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
