vs
高通（QCOM）与斯伦贝谢（SLB）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斯伦贝谢的1.4倍（$12.3B vs $8.7B），高通净利率更高（24.5% vs 8.6%，领先15.9%），高通同比增速更快（5.0% vs 2.7%），高通自由现金流更多（$4.4B vs $103.0M），过去两年高通的营收复合增速更高（14.2% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
QCOM vs SLB — 直观对比
营收规模更大
QCOM
是对方的1.4倍
$8.7B
营收增速更快
QCOM
高出2.3%
2.7%
净利率更高
QCOM
高出15.9%
8.6%
自由现金流更多
QCOM
多$4.3B
$103.0M
两年增速更快
QCOM
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $12.3B | $8.7B |
| 净利润 | $3.0B | $752.0M |
| 毛利率 | 54.6% | — |
| 营业利润率 | 27.5% | — |
| 净利率 | 24.5% | 8.6% |
| 营收同比 | 5.0% | 2.7% |
| 净利润同比 | -5.5% | -5.6% |
| 每股收益（稀释后） | $2.78 | $0.50 |
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QCOMSLB
| Q1 26 | — | $8.7B | ||
| Q4 25 | $12.3B | $9.7B | ||
| Q3 25 | $11.3B | $8.9B | ||
| Q2 25 | $10.4B | $8.5B | ||
| Q1 25 | $11.0B | $8.5B | ||
| Q4 24 | $11.7B | $9.3B | ||
| Q3 24 | $10.2B | $9.2B | ||
| Q2 24 | $9.4B | $9.1B |
净利润QCOMSLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $3.0B | $824.0M | ||
| Q3 25 | $-3.1B | $739.0M | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.8B | $797.0M | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $2.1B | $1.1B |
毛利率QCOMSLB
| Q1 26 | — | — | ||
| 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QCOMSLB
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 9.7% | ||
| Q3 25 | 25.9% | 11.2% | ||
| Q2 25 | 26.6% | 15.0% | ||
| Q1 25 | 28.4% | 12.5% | ||
| Q4 24 | 30.5% | 14.9% | ||
| Q3 24 | 25.2% | 16.5% | ||
| Q2 24 | 23.6% | 15.5% |
净利率QCOMSLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 24.5% | 8.5% | ||
| Q3 25 | -27.7% | 8.3% | ||
| Q2 25 | 25.7% | 11.9% | ||
| Q1 25 | 25.6% | 9.4% | ||
| Q4 24 | 27.3% | 11.8% | ||
| Q3 24 | 28.5% | 12.9% | ||
| Q2 24 | 22.7% | 12.2% |
每股收益（稀释后）QCOMSLB
| Q1 26 | — | $0.50 | ||
| Q4 25 | $2.78 | $0.53 | ||
| Q3 25 | $-2.77 | $0.50 | ||
| Q2 25 | $2.43 | $0.74 | ||
| Q1 25 | $2.52 | $0.58 | ||
| Q4 24 | $2.83 | $0.77 | ||
| Q3 24 | $2.57 | $0.83 | ||
| Q2 24 | $1.88 | $0.77 |
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 | $11.8B | $3.4B |
| 总债务越低越好 | $14.8B | $9.7B |
| 股东权益账面价值 | $23.1B | $27.4B |
| 总资产 | $53.0B | $19.3B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资QCOMSLB
| Q1 26 | — | $3.4B | ||
| Q4 25 | $11.8B | $1.2B | ||
| Q3 25 | $10.2B | $571.0M | ||
| Q2 25 | $10.0B | $511.0M | ||
| Q1 25 | $13.8B | $961.0M | ||
| Q4 24 | $14.3B | $1.1B | ||
| Q3 24 | $13.3B | $1.4B | ||
| Q2 24 | $13.0B | $1.1B |
总债务QCOMSLB
| Q1 26 | — | $9.7B | ||
| Q4 25 | $14.8B | — | ||
| Q3 25 | $14.8B | — | ||
| Q2 25 | $14.8B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.2B | — | ||
| Q3 24 | $13.3B | — | ||
| Q2 24 | $13.2B | — |
股东权益QCOMSLB
| Q1 26 | — | $27.4B | ||
| Q4 25 | $23.1B | $26.1B | ||
| Q3 25 | $21.2B | $25.6B | ||
| Q2 25 | $27.2B | $20.3B | ||
| Q1 25 | $27.7B | $19.5B | ||
| Q4 24 | $26.9B | $21.1B | ||
| Q3 24 | $26.3B | $21.5B | ||
| Q2 24 | $24.7B | $21.1B |
总资产QCOMSLB
| Q1 26 | — | $19.3B | ||
| Q4 25 | $53.0B | $54.9B | ||
| Q3 25 | $50.1B | $55.1B | ||
| Q2 25 | $54.9B | $48.8B | ||
| Q1 25 | $55.4B | $49.0B | ||
| Q4 24 | $55.6B | $48.9B | ||
| Q3 24 | $55.2B | $49.8B | ||
| Q2 24 | $52.7B | $49.4B |
负债/权益比QCOMSLB
| Q1 26 | — | 0.35× | ||
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 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 | $5.0B | — |
| 自由现金流经营现金流 - 资本支出 | $4.4B | $103.0M |
| 自由现金流率自由现金流/营收 | 36.0% | 1.2% |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $12.9B | $4.6B |
8季度趋势，按日历期对齐
经营现金流QCOMSLB
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $3.0B | ||
| Q3 25 | $4.0B | $1.7B | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $2.6B | $660.0M | ||
| Q4 24 | $4.6B | $2.4B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $3.1B | $1.4B |
自由现金流QCOMSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $3.6B | $1.3B | ||
| Q2 25 | $2.6B | $771.0M | ||
| Q1 25 | $2.3B | $262.0M | ||
| Q4 24 | $4.3B | $1.8B | ||
| Q3 24 | $2.4B | $2.0B | ||
| Q2 24 | $2.7B | $973.0M |
自由现金流率QCOMSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 36.0% | 25.5% | ||
| Q3 25 | 31.8% | 14.3% | ||
| Q2 25 | 24.9% | 9.0% | ||
| Q1 25 | 21.3% | 3.1% | ||
| Q4 24 | 36.9% | 19.2% | ||
| Q3 24 | 23.3% | 21.7% | ||
| Q2 24 | 28.4% | 10.6% |
资本支出强度QCOMSLB
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 5.3% | ||
| Q3 25 | 3.6% | 4.6% | ||
| Q2 25 | 2.8% | 4.3% | ||
| Q1 25 | 1.9% | 4.7% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 2.5% | 5.0% | ||
| Q2 24 | 4.1% | 5.1% |
现金转化率QCOMSLB
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 3.65× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | 1.08× | 1.13× | ||
| Q1 25 | 0.91× | 0.83× | ||
| Q4 24 | 1.44× | 2.18× | ||
| Q3 24 | 0.91× | 2.06× | ||
| Q2 24 | 1.43× | 1.29× |
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
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
SLB
暂无分部数据
