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新思科技（SNPS）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
凯旋的季度营收约是新思科技的1.1倍（$2.4B vs $2.3B），新思科技净利率更高（19.9% vs 0.3%，领先19.6%），新思科技同比增速更快（50.6% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% 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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
SNPS vs TFIN — 直观对比
营收规模更大
TFIN
是对方的1.1倍
$2.3B
营收增速更快
SNPS
高出48.0%
2.6%
净利率更高
SNPS
高出19.6%
0.3%
两年增速更快
TFIN
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.4B |
| 净利润 | $448.7M | $6.4M |
| 毛利率 | 71.0% | 86.1% |
| 营业利润率 | 5.4% | — |
| 净利率 | 19.9% | 0.3% |
| 营收同比 | 50.6% | 2.6% |
| 净利润同比 | -59.7% | -66.9% |
| 每股收益（稀释后） | $2.44 | $0.23 |
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SNPSTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.3B | $120.1M | ||
| Q3 25 | $1.7B | $109.3M | ||
| Q2 25 | $1.6B | $108.1M | ||
| Q1 25 | $1.5B | $101.6M | ||
| Q4 24 | $1.5B | $103.6M | ||
| Q3 24 | $1.5B | $106.2M | ||
| Q2 24 | $1.5B | $105.1M |
净利润SNPSTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $448.7M | — | ||
| Q3 25 | $242.5M | $1.7M | ||
| Q2 25 | $345.3M | $4.4M | ||
| Q1 25 | $295.7M | $17.0K | ||
| Q4 24 | $1.1B | $3.8M | ||
| Q3 24 | $408.1M | $5.3M | ||
| Q2 24 | $292.1M | $2.7M |
毛利率SNPSTFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | 71.0% | — | ||
| Q3 25 | 78.1% | — | ||
| Q2 25 | 80.2% | — | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 78.3% | — | ||
| Q3 24 | 80.9% | — | ||
| Q2 24 | 79.4% | — |
营业利润率SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 9.5% | 1.2% | ||
| Q2 25 | 23.5% | 7.3% | ||
| Q1 25 | 17.3% | 0.1% | ||
| Q4 24 | 20.3% | 5.6% | ||
| Q3 24 | 23.6% | 5.9% | ||
| Q2 24 | 22.8% | 3.4% |
净利率SNPSTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 13.9% | 1.6% | ||
| Q2 25 | 21.5% | 4.1% | ||
| Q1 25 | 20.3% | 0.0% | ||
| Q4 24 | 74.4% | 3.7% | ||
| Q3 24 | 26.7% | 5.0% | ||
| Q2 24 | 20.1% | 2.6% |
每股收益（稀释后）SNPSTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $2.44 | — | ||
| Q3 25 | $1.50 | $0.04 | ||
| Q2 25 | $2.21 | $0.15 | ||
| Q1 25 | $1.89 | $-0.03 | ||
| Q4 24 | $7.13 | $0.13 | ||
| Q3 24 | $2.61 | $0.19 | ||
| Q2 24 | $1.88 | $0.08 |
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 | — |
| 总债务越低越好 | $13.5B | — |
| 股东权益账面价值 | $28.3B | $950.7M |
| 总资产 | $48.2B | $6.9B |
| 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SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $248.5M | ||
| Q3 25 | $2.6B | $147.2M | ||
| Q2 25 | $14.3B | $282.3M | ||
| Q1 25 | $3.8B | $502.9M | ||
| Q4 24 | $4.1B | $330.1M | ||
| Q3 24 | $2.0B | $489.3M | ||
| Q2 24 | $1.7B | $500.7M |
总债务SNPSTFIN
| 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SNPSTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $28.3B | $941.8M | ||
| Q3 25 | $27.6B | $919.3M | ||
| Q2 25 | $9.9B | $912.4M | ||
| Q1 25 | $9.3B | $893.9M | ||
| Q4 24 | $9.0B | $890.9M | ||
| Q3 24 | $7.7B | $885.8M | ||
| Q2 24 | $7.2B | $874.2M |
总资产SNPSTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $48.2B | $6.4B | ||
| Q3 25 | $48.2B | $6.4B | ||
| Q2 25 | $23.8B | $6.5B | ||
| Q1 25 | $13.0B | $6.3B | ||
| Q4 24 | $13.1B | $5.9B | ||
| Q3 24 | $11.6B | $5.9B | ||
| Q2 24 | $11.0B | $5.8B |
负债/权益比SNPSTFIN
| 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SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | $639.7M | $67.1M | ||
| Q3 25 | $671.0M | $24.4M | ||
| Q2 25 | $275.4M | $9.8M | ||
| Q1 25 | $-67.5M | $-3.6M | ||
| Q4 24 | $562.8M | $58.5M | ||
| Q3 24 | $455.4M | $26.6M | ||
| Q2 24 | $476.6M | $21.9M |
自由现金流SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | $605.2M | — | ||
| Q3 25 | $632.4M | $22.4M | ||
| Q2 25 | $219.8M | $6.8M | ||
| Q1 25 | $-108.2M | $-7.9M | ||
| Q4 24 | $558.4M | — | ||
| Q3 24 | $415.4M | $25.8M | ||
| Q2 24 | $438.2M | $-31.9M |
自由现金流率SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | — | ||
| Q3 25 | 36.3% | 20.5% | ||
| Q2 25 | 13.7% | 6.2% | ||
| Q1 25 | -7.4% | -7.7% | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 27.2% | 24.3% | ||
| Q2 24 | 30.1% | -30.3% |
资本支出强度SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.2% | 1.8% | ||
| Q2 25 | 3.5% | 2.8% | ||
| Q1 25 | 2.8% | 4.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 2.6% | 0.8% | ||
| Q2 24 | 2.6% | 51.1% |
现金转化率SNPSTFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 2.77× | 14.29× | ||
| Q2 25 | 0.80× | 2.22× | ||
| Q1 25 | -0.23× | -212.82× | ||
| Q4 24 | 0.51× | 15.25× | ||
| Q3 24 | 1.12× | 4.97× | ||
| Q2 24 | 1.63× | 7.95× |
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% |
TFIN
暂无分部数据
