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新思科技（SNPS）与希捷科技（STX）财务数据对比。点击上方公司名可切换其他公司
希捷科技的季度营收约是新思科技的1.3倍（$2.8B vs $2.3B），希捷科技净利率更高（21.0% vs 19.9%，领先1.1%），新思科技同比增速更快（50.6% vs 30.8%），过去两年希捷科技的营收复合增速更高（30.7% vs 16.9%）
新思科技是总部位于美国加利福尼亚州森尼韦尔的跨国电子设计自动化（EDA）龙头企业，专注于硅芯片设计与验证、电子系统级设计验证及可复用组件研发，为全球半导体设计与制造行业提供专业工具及配套服务。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
SNPS vs STX — 直观对比
营收规模更大
STX
是对方的1.3倍
$2.3B
营收增速更快
SNPS
高出19.8%
30.8%
净利率更高
STX
高出1.1%
19.9%
两年增速更快
STX
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.8B |
| 净利润 | $448.7M | $593.0M |
| 毛利率 | 71.0% | 41.6% |
| 营业利润率 | 5.4% | 29.8% |
| 净利率 | 19.9% | 21.0% |
| 营收同比 | 50.6% | 30.8% |
| 净利润同比 | -59.7% | 74.4% |
| 每股收益（稀释后） | $2.44 | $2.60 |
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SNPSSTX
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.5B | $1.9B |
净利润SNPSSTX
| Q1 26 | — | $593.0M | ||
| Q4 25 | $448.7M | $549.0M | ||
| Q3 25 | $242.5M | — | ||
| Q2 25 | $345.3M | $488.0M | ||
| Q1 25 | $295.7M | $340.0M | ||
| Q4 24 | $1.1B | $336.0M | ||
| Q3 24 | $408.1M | $305.0M | ||
| Q2 24 | $292.1M | $513.0M |
毛利率SNPSSTX
| Q1 26 | — | 41.6% | ||
| Q4 25 | 71.0% | 39.4% | ||
| Q3 25 | 78.1% | — | ||
| Q2 25 | 80.2% | 37.4% | ||
| Q1 25 | 81.4% | 35.2% | ||
| Q4 24 | 78.3% | 34.9% | ||
| Q3 24 | 80.9% | 32.9% | ||
| Q2 24 | 79.4% | 31.8% |
营业利润率SNPSSTX
| Q1 26 | — | 29.8% | ||
| Q4 25 | 5.4% | 26.4% | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 23.5% | 23.2% | ||
| Q1 25 | 17.3% | 20.0% | ||
| Q4 24 | 20.3% | 21.0% | ||
| Q3 24 | 23.6% | 18.6% | ||
| Q2 24 | 22.8% | 16.6% |
净利率SNPSSTX
| Q1 26 | — | 21.0% | ||
| Q4 25 | 19.9% | 20.9% | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 21.5% | 20.0% | ||
| Q1 25 | 20.3% | 15.7% | ||
| Q4 24 | 74.4% | 14.5% | ||
| Q3 24 | 26.7% | 14.1% | ||
| Q2 24 | 20.1% | 27.2% |
每股收益（稀释后）SNPSSTX
| Q1 26 | — | $2.60 | ||
| Q4 25 | $2.44 | $2.43 | ||
| Q3 25 | $1.50 | — | ||
| Q2 25 | $2.21 | $2.24 | ||
| Q1 25 | $1.89 | $1.57 | ||
| Q4 24 | $7.13 | $1.55 | ||
| Q3 24 | $2.61 | $1.41 | ||
| Q2 24 | $1.88 | $2.43 |
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 | $3.0B | $1.0B |
| 总债务越低越好 | $13.5B | — |
| 股东权益账面价值 | $28.3B | $459.0M |
| 总资产 | $48.2B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资SNPSSTX
| Q1 26 | — | $1.0B | ||
| Q4 25 | $3.0B | $1.1B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $14.3B | $891.0M | ||
| Q1 25 | $3.8B | $814.0M | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.7B | $1.4B |
总债务SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.3B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SNPSSTX
| Q1 26 | — | $459.0M | ||
| Q4 25 | $28.3B | $-63.0M | ||
| Q3 25 | $27.6B | — | ||
| Q2 25 | $9.9B | $-453.0M | ||
| Q1 25 | $9.3B | $-829.0M | ||
| Q4 24 | $9.0B | $-1.1B | ||
| Q3 24 | $7.7B | $-1.3B | ||
| Q2 24 | $7.2B | $-1.5B |
总资产SNPSSTX
| Q1 26 | — | $8.7B | ||
| Q4 25 | $48.2B | $8.4B | ||
| Q3 25 | $48.2B | — | ||
| Q2 25 | $23.8B | $8.0B | ||
| Q1 25 | $13.0B | $7.6B | ||
| Q4 24 | $13.1B | $8.0B | ||
| Q3 24 | $11.6B | $8.0B | ||
| Q2 24 | $11.0B | $7.7B |
负债/权益比SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $639.7M | — |
| 自由现金流经营现金流 - 资本支出 | $605.2M | — |
| 自由现金流率自由现金流/营收 | 26.8% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 1.43× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | $639.7M | $532.0M | ||
| Q3 25 | $671.0M | — | ||
| Q2 25 | $275.4M | $508.0M | ||
| Q1 25 | $-67.5M | $259.0M | ||
| Q4 24 | $562.8M | $221.0M | ||
| Q3 24 | $455.4M | $95.0M | ||
| Q2 24 | $476.6M | $434.0M |
自由现金流SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | $605.2M | $427.0M | ||
| Q3 25 | $632.4M | — | ||
| Q2 25 | $219.8M | $425.0M | ||
| Q1 25 | $-108.2M | $216.0M | ||
| Q4 24 | $558.4M | $150.0M | ||
| Q3 24 | $415.4M | $27.0M | ||
| Q2 24 | $438.2M | $380.0M |
自由现金流率SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | 16.2% | ||
| Q3 25 | 36.3% | — | ||
| Q2 25 | 13.7% | 17.4% | ||
| Q1 25 | -7.4% | 10.0% | ||
| Q4 24 | 37.3% | 6.5% | ||
| Q3 24 | 27.2% | 1.2% | ||
| Q2 24 | 30.1% | 20.1% |
资本支出强度SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 4.0% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 3.5% | 3.4% | ||
| Q1 25 | 2.8% | 2.0% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 2.6% | 3.1% | ||
| Q2 24 | 2.6% | 2.9% |
现金转化率SNPSSTX
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | 0.97× | ||
| Q3 25 | 2.77× | — | ||
| Q2 25 | 0.80× | 1.04× | ||
| Q1 25 | -0.23× | 0.76× | ||
| Q4 24 | 0.51× | 0.66× | ||
| Q3 24 | 1.12× | 0.31× | ||
| Q2 24 | 1.63× | 0.85× |
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
SNPS
| License And Maintenance | $940.7M | 42% |
| Other | $640.0M | 28% |
| Design IP Segment | $407.1M | 18% |
| KR | $236.9M | 11% |
| Sales Based Royalties | $30.1M | 1% |
STX
| OE Ms | $2.3B | 81% |
| Distributors | $335.0M | 12% |
| Retail | $188.0M | 7% |
