vs
北极星（PII）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
北极星的季度营收约是思佳讯的1.6倍（$1.7B vs $1.0B），思佳讯净利率更高（7.6% vs -2.8%，领先10.5%），思佳讯同比增速更快（8.6% vs 8.0%），思佳讯自由现金流更多（$339.0M vs $-342.5M），过去两年思佳讯的营收复合增速更高（-0.5% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
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。
PII vs SWKS — 直观对比
营收规模更大
PII
是对方的1.6倍
$1.0B
营收增速更快
SWKS
高出0.6%
8.0%
净利率更高
SWKS
高出10.5%
-2.8%
自由现金流更多
SWKS
多$681.5M
$-342.5M
两年增速更快
SWKS
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $-47.2M | $79.2M |
| 毛利率 | 20.2% | 41.3% |
| 营业利润率 | — | 10.0% |
| 净利率 | -2.8% | 7.6% |
| 营收同比 | 8.0% | 8.6% |
| 净利润同比 | 29.2% | 15.3% |
| 每股收益（稀释后） | $-0.83 | $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
营收PIISWKS
| Q1 26 | $1.7B | $1.0B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.9B | $965.0M | ||
| Q1 25 | $1.5B | $953.2M | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $2.0B | $905.5M |
净利润PIISWKS
| Q1 26 | $-47.2M | $79.2M | ||
| Q4 25 | $-303.6M | $141.4M | ||
| Q3 25 | $-15.8M | — | ||
| Q2 25 | $-79.3M | $105.0M | ||
| Q1 25 | $-66.8M | $68.7M | ||
| Q4 24 | $10.6M | $162.0M | ||
| Q3 24 | $27.7M | $60.5M | ||
| Q2 24 | $68.7M | $120.9M |
毛利率PIISWKS
| Q1 26 | 20.2% | 41.3% | ||
| Q4 25 | 20.0% | 40.7% | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | 41.6% | ||
| Q1 25 | 16.0% | 41.1% | ||
| Q4 24 | 20.4% | 41.4% | ||
| Q3 24 | 20.6% | 41.9% | ||
| Q2 24 | 21.6% | 40.2% |
营业利润率PIISWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | -16.7% | 10.1% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -0.7% | 11.5% | ||
| Q1 25 | -2.4% | 10.2% | ||
| Q4 24 | 3.7% | 16.9% | ||
| Q3 24 | 3.8% | 5.8% | ||
| Q2 24 | 6.1% | 14.4% |
净利率PIISWKS
| Q1 26 | -2.8% | 7.6% | ||
| Q4 25 | -15.8% | 12.9% | ||
| Q3 25 | -0.9% | — | ||
| Q2 25 | -4.3% | 10.9% | ||
| Q1 25 | -4.3% | 7.2% | ||
| Q4 24 | 0.6% | 15.2% | ||
| Q3 24 | 1.6% | 5.9% | ||
| Q2 24 | 3.5% | 13.4% |
每股收益（稀释后）PIISWKS
| Q1 26 | $-0.83 | $0.53 | ||
| Q4 25 | $-5.34 | $0.95 | ||
| Q3 25 | $-0.28 | — | ||
| Q2 25 | $-1.39 | $0.70 | ||
| Q1 25 | $-1.17 | $0.43 | ||
| Q4 24 | $0.18 | $1.00 | ||
| Q3 24 | $0.49 | $0.36 | ||
| Q2 24 | $1.21 | $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 | $282.0M | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $750.4M | $5.8B |
| 总资产 | $5.2B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PIISWKS
| Q1 26 | $282.0M | $1.6B | ||
| Q4 25 | $138.0M | $1.4B | ||
| Q3 25 | $335.5M | — | ||
| Q2 25 | $324.3M | $1.3B | ||
| Q1 25 | $291.7M | $1.5B | ||
| Q4 24 | $287.8M | $1.7B | ||
| Q3 24 | $291.3M | $1.6B | ||
| Q2 24 | $322.7M | $1.3B |
总债务PIISWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $1.5B | $496.4M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | $496.2M | ||
| Q1 25 | $1.6B | $995.1M | ||
| Q4 24 | $1.6B | $994.7M | ||
| Q3 24 | $1.7B | $994.3M | ||
| Q2 24 | $2.1B | $994.0M |
股东权益PIISWKS
| Q1 26 | $750.4M | $5.8B | ||
| Q4 25 | $828.4M | $5.8B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | $5.7B | ||
| Q1 25 | $1.2B | $5.9B | ||
| Q4 24 | $1.3B | $6.4B | ||
| Q3 24 | $1.3B | $6.3B | ||
| Q2 24 | $1.3B | $6.3B |
总资产PIISWKS
| Q1 26 | $5.2B | $7.9B | ||
| Q4 25 | $4.9B | $7.9B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.4B | $7.7B | ||
| Q1 25 | $5.5B | $7.9B | ||
| Q4 24 | $5.5B | $8.3B | ||
| Q3 24 | $5.6B | $8.3B | ||
| Q2 24 | $5.7B | $8.2B |
负债/权益比PIISWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.82× | 0.09× | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | 0.09× | ||
| Q1 25 | 1.32× | 0.17× | ||
| Q4 24 | 1.27× | 0.16× | ||
| Q3 24 | 1.29× | 0.16× | ||
| Q2 24 | 1.56× | 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 | — | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $339.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 32.7% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流PIISWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $178.7M | $200.0M | ||
| Q3 25 | $158.8M | — | ||
| Q2 25 | $320.3M | $314.2M | ||
| Q1 25 | $83.2M | $409.4M | ||
| Q4 24 | $206.3M | $377.2M | ||
| Q3 24 | $21.0M | $476.1M | ||
| Q2 24 | $146.3M | $273.4M |
自由现金流PIISWKS
| Q1 26 | $-342.5M | $339.0M | ||
| Q4 25 | $114.0M | $144.0M | ||
| Q3 25 | $116.7M | — | ||
| Q2 25 | $279.8M | $252.7M | ||
| Q1 25 | $47.6M | $370.9M | ||
| Q4 24 | $137.3M | $338.2M | ||
| Q3 24 | $-32.4M | $393.3M | ||
| Q2 24 | $79.1M | $249.0M |
自由现金流率PIISWKS
| Q1 26 | -20.6% | 32.7% | ||
| Q4 25 | 5.9% | 13.1% | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 15.1% | 26.2% | ||
| Q1 25 | 3.1% | 38.9% | ||
| Q4 24 | 7.8% | 31.7% | ||
| Q3 24 | -1.9% | 38.4% | ||
| Q2 24 | 4.0% | 27.5% |
资本支出强度PIISWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 3.4% | 5.1% | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.2% | 6.4% | ||
| Q1 25 | 2.3% | 4.0% | ||
| Q4 24 | 3.9% | 3.6% | ||
| Q3 24 | 3.1% | 8.1% | ||
| Q2 24 | 3.4% | 2.7% |
现金转化率PIISWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | 19.46× | 2.33× | ||
| Q3 24 | 0.76× | 7.87× | ||
| Q2 24 | 2.13× | 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
PII
暂无分部数据
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
