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SLM Corp（SLM）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SLM Corp的1.8倍（$1.0B vs $560.0M），SLM Corp净利率更高（55.0% vs 7.6%，领先47.4%），过去两年SLM Corp的营收复合增速更高（22.7% vs -0.5%）
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
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。
SLM vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.8倍
$560.0M
净利率更高
SLM
高出47.4%
7.6%
两年增速更快
SLM
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $560.0M | $1.0B |
| 净利润 | $308.0M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 69.6% | 10.0% |
| 净利率 | 55.0% | 7.6% |
| 营收同比 | — | 8.6% |
| 净利润同比 | 1.0% | 15.3% |
| 每股收益（稀释后） | $1.54 | $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SLMSWKS
| Q1 26 | $560.0M | $1.0B | ||
| Q4 25 | $377.1M | $1.1B | ||
| Q3 25 | $373.0M | — | ||
| Q2 25 | $376.8M | $965.0M | ||
| Q1 25 | $375.0M | $953.2M | ||
| Q4 24 | $362.2M | $1.1B | ||
| Q3 24 | $359.4M | $1.0B | ||
| Q2 24 | $372.2M | $905.5M |
净利润SLMSWKS
| Q1 26 | $308.0M | $79.2M | ||
| Q4 25 | $233.2M | $141.4M | ||
| Q3 25 | $135.8M | — | ||
| Q2 25 | $71.3M | $105.0M | ||
| Q1 25 | $304.5M | $68.7M | ||
| Q4 24 | $111.6M | $162.0M | ||
| Q3 24 | $-45.2M | $60.5M | ||
| Q2 24 | $252.0M | $120.9M |
毛利率SLMSWKS
| 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% |
营业利润率SLMSWKS
| Q1 26 | 69.6% | 10.0% | ||
| Q4 25 | 83.8% | 10.1% | ||
| Q3 25 | 49.8% | — | ||
| Q2 25 | 23.3% | 11.5% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 36.5% | 16.9% | ||
| Q3 24 | -16.6% | 5.8% | ||
| Q2 24 | 91.0% | 14.4% |
净利率SLMSWKS
| Q1 26 | 55.0% | 7.6% | ||
| Q4 25 | 61.8% | 12.9% | ||
| Q3 25 | 36.4% | — | ||
| Q2 25 | 18.9% | 10.9% | ||
| Q1 25 | 81.2% | 7.2% | ||
| Q4 24 | 30.8% | 15.2% | ||
| Q3 24 | -12.6% | 5.9% | ||
| Q2 24 | 67.7% | 13.4% |
每股收益（稀释后）SLMSWKS
| Q1 26 | $1.54 | $0.53 | ||
| Q4 25 | $1.11 | $0.95 | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.32 | $0.70 | ||
| Q1 25 | $1.40 | $0.43 | ||
| Q4 24 | $0.53 | $1.00 | ||
| Q3 24 | $-0.23 | $0.36 | ||
| Q2 24 | $1.11 | $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 | $5.2B | $1.6B |
| 总债务越低越好 | $6.2B | $496.6M |
| 股东权益账面价值 | $2.4B | $5.8B |
| 总资产 | $29.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 2.53× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资SLMSWKS
| Q1 26 | $5.2B | $1.6B | ||
| Q4 25 | $4.2B | $1.4B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | $4.5B | $1.6B | ||
| Q2 24 | $5.3B | $1.3B |
总债务SLMSWKS
| Q1 26 | $6.2B | $496.6M | ||
| Q4 25 | $5.4B | $496.4M | ||
| Q3 25 | $6.8B | — | ||
| Q2 25 | $6.4B | $496.2M | ||
| Q1 25 | $6.1B | $995.1M | ||
| Q4 24 | $6.4B | $994.7M | ||
| Q3 24 | $6.0B | $994.3M | ||
| Q2 24 | $5.4B | $994.0M |
股东权益SLMSWKS
| Q1 26 | $2.4B | $5.8B | ||
| Q4 25 | $2.5B | $5.8B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | $5.7B | ||
| Q1 25 | $2.4B | $5.9B | ||
| Q4 24 | $2.2B | $6.4B | ||
| Q3 24 | $2.1B | $6.3B | ||
| Q2 24 | $2.3B | $6.3B |
总资产SLMSWKS
| Q1 26 | $29.4B | $7.9B | ||
| Q4 25 | $29.7B | $7.9B | ||
| Q3 25 | $29.6B | — | ||
| Q2 25 | $29.6B | $7.7B | ||
| Q1 25 | $28.9B | $7.9B | ||
| Q4 24 | $30.1B | $8.3B | ||
| Q3 24 | $30.0B | $8.3B | ||
| Q2 24 | $28.8B | $8.2B |
负债/权益比SLMSWKS
| Q1 26 | 2.53× | 0.09× | ||
| Q4 25 | 2.19× | 0.09× | ||
| Q3 25 | 2.92× | — | ||
| Q2 25 | 2.70× | 0.09× | ||
| Q1 25 | 2.56× | 0.17× | ||
| Q4 24 | 2.98× | 0.16× | ||
| Q3 24 | 2.83× | 0.16× | ||
| Q2 24 | 2.37× | 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 | — | $339.0M |
| 自由现金流率自由现金流/营收 | — | 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 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流SLMSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $-64.5M | $200.0M | ||
| Q3 25 | $-49.3M | — | ||
| Q2 25 | $-138.7M | $314.2M | ||
| Q1 25 | $-146.1M | $409.4M | ||
| Q4 24 | $4.5M | $377.2M | ||
| Q3 24 | $-113.4M | $476.1M | ||
| Q2 24 | $-143.8M | $273.4M |
自由现金流SLMSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率SLMSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度SLMSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率SLMSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | -0.28× | 1.41× | ||
| Q3 25 | -0.36× | — | ||
| Q2 25 | -1.95× | 2.99× | ||
| Q1 25 | -0.48× | 5.96× | ||
| Q4 24 | 0.04× | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | -0.57× | 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
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
