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新美亚（SANM）与TTM TECHNOLOGIES INC（TTMI）财务数据对比。点击上方公司名可切换其他公司
新美亚的季度营收约是TTM TECHNOLOGIES INC的4.1倍（$3.2B vs $774.3M）。TTM TECHNOLOGIES INC净利率更高（6.5% vs 1.5%，领先5.0%）。新美亚同比增速更快（59.0% vs 18.9%）。新美亚自由现金流更多（$91.9M vs $-6.5M）。过去两年新美亚的营收复合增速更高（31.9% vs 16.7%）
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
SANM vs TTMI — 直观对比
营收规模更大
SANM
是对方的4.1倍
$774.3M
营收增速更快
SANM
高出40.0%
18.9%
净利率更高
TTMI
高出5.0%
1.5%
自由现金流更多
SANM
多$98.3M
$-6.5M
两年增速更快
SANM
近两年复合增速
16.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $774.3M |
| 净利润 | $49.3M | $50.7M |
| 毛利率 | 7.6% | 21.4% |
| 营业利润率 | 2.3% | 10.4% |
| 净利率 | 1.5% | 6.5% |
| 营收同比 | 59.0% | 18.9% |
| 净利润同比 | -24.2% | 880.4% |
| 每股收益（稀释后） | $0.89 | $0.47 |
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SANMTTMI
| Q4 25 | $3.2B | $774.3M | ||
| Q3 25 | $2.1B | $752.7M | ||
| Q2 25 | $2.0B | $730.6M | ||
| Q1 25 | $2.0B | $648.7M | ||
| Q4 24 | $2.0B | $651.0M | ||
| Q3 24 | $2.0B | $616.5M | ||
| Q2 24 | $1.8B | $570.1M | ||
| Q1 24 | $1.8B | $569.0M |
净利润SANMTTMI
| Q4 25 | $49.3M | $50.7M | ||
| Q3 25 | $48.1M | $53.1M | ||
| Q2 25 | $68.6M | $41.5M | ||
| Q1 25 | $64.2M | $32.2M | ||
| Q4 24 | $65.0M | $5.2M | ||
| Q3 24 | $61.4M | $14.3M | ||
| Q2 24 | $51.6M | $10.5M | ||
| Q1 24 | $52.5M | $17.3M |
毛利率SANMTTMI
| Q4 25 | 7.6% | 21.4% | ||
| Q3 25 | 9.1% | 20.8% | ||
| Q2 25 | 8.9% | 20.3% | ||
| Q1 25 | 8.9% | 20.2% | ||
| Q4 24 | 8.4% | 19.4% | ||
| Q3 24 | 8.5% | 21.1% | ||
| Q2 24 | 8.3% | 18.2% | ||
| Q1 24 | 8.4% | 20.3% |
营业利润率SANMTTMI
| Q4 25 | 2.3% | 10.4% | ||
| Q3 25 | 3.7% | 9.6% | ||
| Q2 25 | 4.7% | 8.5% | ||
| Q1 25 | 4.6% | 7.7% | ||
| Q4 24 | 4.4% | 1.4% | ||
| Q3 24 | 4.4% | 8.3% | ||
| Q2 24 | 4.5% | 3.0% | ||
| Q1 24 | 4.1% | 6.1% |
净利率SANMTTMI
| Q4 25 | 1.5% | 6.5% | ||
| Q3 25 | 2.3% | 7.0% | ||
| Q2 25 | 3.4% | 5.7% | ||
| Q1 25 | 3.2% | 5.0% | ||
| Q4 24 | 3.2% | 0.8% | ||
| Q3 24 | 3.0% | 2.3% | ||
| Q2 24 | 2.8% | 1.8% | ||
| Q1 24 | 2.9% | 3.0% |
每股收益（稀释后）SANMTTMI
| Q4 25 | $0.89 | $0.47 | ||
| Q3 25 | $0.88 | $0.50 | ||
| Q2 25 | $1.26 | $0.40 | ||
| Q1 25 | $1.16 | $0.31 | ||
| Q4 24 | $1.16 | $0.05 | ||
| Q3 24 | $1.09 | $0.14 | ||
| Q2 24 | $0.91 | $0.10 | ||
| Q1 24 | $0.93 | $0.17 |
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 | $1.4B | $501.2M |
| 总债务越低越好 | $2.2B | $916.2M |
| 股东权益账面价值 | $2.7B | $1.8B |
| 总资产 | $9.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资SANMTTMI
| Q4 25 | $1.4B | $501.2M | ||
| Q3 25 | $926.3M | $491.1M | ||
| Q2 25 | $797.9M | $448.0M | ||
| Q1 25 | $647.1M | $411.3M | ||
| Q4 24 | $642.4M | $503.9M | ||
| Q3 24 | $625.9M | $469.5M | ||
| Q2 24 | $657.7M | $440.4M | ||
| Q1 24 | $650.9M | $450.2M |
总债务SANMTTMI
| Q4 25 | $2.2B | $916.2M | ||
| Q3 25 | $300.5M | $916.6M | ||
| Q2 25 | — | $917.1M | ||
| Q1 25 | — | $917.6M | ||
| Q4 24 | — | $914.4M | ||
| Q3 24 | — | $912.8M | ||
| Q2 24 | — | $913.9M | ||
| Q1 24 | — | $914.3M |
股东权益SANMTTMI
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.6B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.3B | $1.5B |
总资产SANMTTMI
| Q4 25 | $9.8B | $3.8B | ||
| Q3 25 | $5.9B | $3.7B | ||
| Q2 25 | $5.2B | $3.6B | ||
| Q1 25 | $5.0B | $3.5B | ||
| Q4 24 | $4.8B | $3.5B | ||
| Q3 24 | $4.8B | $3.4B | ||
| Q2 24 | $4.7B | $3.3B | ||
| Q1 24 | $4.7B | $3.3B |
负债/权益比SANMTTMI
| Q4 25 | 0.82× | 0.52× | ||
| Q3 25 | 0.12× | 0.54× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.61× |
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 | $178.7M | $62.9M |
| 自由现金流经营现金流 - 资本支出 | $91.9M | $-6.5M |
| 自由现金流率自由现金流/营收 | 2.9% | -0.8% |
| 资本支出强度资本支出/营收 | 2.7% | 9.0% |
| 现金转化率经营现金流/净利润 | 3.63× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $518.3M | $-683.0K |
8季度趋势，按日历期对齐
经营现金流SANMTTMI
| Q4 25 | $178.7M | $62.9M | ||
| Q3 25 | $199.1M | $141.8M | ||
| Q2 25 | $200.8M | $97.8M | ||
| Q1 25 | $156.9M | $-10.7M | ||
| Q4 24 | $63.9M | — | ||
| Q3 24 | $51.9M | $65.1M | ||
| Q2 24 | $90.0M | $43.9M | ||
| Q1 24 | $72.3M | $47.5M |
自由现金流SANMTTMI
| Q4 25 | $91.9M | $-6.5M | ||
| Q3 25 | $136.6M | $42.4M | ||
| Q2 25 | $163.7M | $37.4M | ||
| Q1 25 | $126.1M | $-74.0M | ||
| Q4 24 | $46.9M | — | ||
| Q3 24 | $27.2M | $24.2M | ||
| Q2 24 | $67.2M | $-5.4M | ||
| Q1 24 | $42.7M | $1.4M |
自由现金流率SANMTTMI
| Q4 25 | 2.9% | -0.8% | ||
| Q3 25 | 6.5% | 5.6% | ||
| Q2 25 | 8.0% | 5.1% | ||
| Q1 25 | 6.4% | -11.4% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.4% | 3.9% | ||
| Q2 24 | 3.7% | -1.0% | ||
| Q1 24 | 2.3% | 0.2% |
资本支出强度SANMTTMI
| Q4 25 | 2.7% | 9.0% | ||
| Q3 25 | 3.0% | 13.2% | ||
| Q2 25 | 1.8% | 8.3% | ||
| Q1 25 | 1.5% | 9.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.2% | 6.6% | ||
| Q2 24 | 1.2% | 8.7% | ||
| Q1 24 | 1.6% | 8.1% |
现金转化率SANMTTMI
| Q4 25 | 3.63× | 1.24× | ||
| Q3 25 | 4.14× | 2.67× | ||
| Q2 25 | 2.93× | 2.36× | ||
| Q1 25 | 2.44× | -0.33× | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 0.85× | 4.55× | ||
| Q2 24 | 1.74× | 4.19× | ||
| Q1 24 | 1.38× | 2.74× |
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
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
