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新思科技（SNPS）与Texas Roadhouse, Inc.（TXRH）财务数据对比。点击上方公司名可切换其他公司
新思科技的季度营收约是Texas Roadhouse, Inc.的1.5倍（$2.3B vs $1.5B），新思科技净利率更高（19.9% vs 5.8%，领先14.1%），新思科技同比增速更快（50.6% vs 3.1%），过去两年新思科技的营收复合增速更高（16.9% vs 12.8%）
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。
Texas Roadhouse是美国知名牛排连锁餐厅，主打德克萨斯及美国西南部风味餐食，核心产品为各类牛排。品牌总部位于肯塔基州路易斯维尔，旗下还运营另外两个餐饮品牌。截至2025年8月，品牌在美国49个州拥有约800家门店，同时在11个国家开设了70家海外门店。
SNPS vs TXRH — 直观对比
营收规模更大
SNPS
是对方的1.5倍
$1.5B
营收增速更快
SNPS
高出47.5%
3.1%
净利率更高
SNPS
高出14.1%
5.8%
两年增速更快
SNPS
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.5B |
| 净利润 | $448.7M | $86.7M |
| 毛利率 | 71.0% | — |
| 营业利润率 | 5.4% | 6.5% |
| 净利率 | 19.9% | 5.8% |
| 营收同比 | 50.6% | 3.1% |
| 净利润同比 | -59.7% | -26.9% |
| 每股收益（稀释后） | $2.44 | $1.29 |
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SNPSTXRH
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.6B | $1.3B |
净利润SNPSTXRH
| Q4 25 | $448.7M | $86.7M | ||
| Q3 25 | $242.5M | $84.9M | ||
| Q2 25 | $345.3M | $116.1M | ||
| Q1 25 | $295.7M | — | ||
| Q4 24 | $1.1B | $118.5M | ||
| Q3 24 | $408.1M | $86.8M | ||
| Q2 24 | $292.1M | $123.1M | ||
| Q1 24 | $449.1M | $116.0M |
毛利率SNPSTXRH
| 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% | — | ||
| Q1 24 | 80.0% | — |
营业利润率SNPSTXRH
| Q4 25 | 5.4% | 6.5% | ||
| Q3 25 | 9.5% | 6.7% | ||
| Q2 25 | 23.5% | 9.3% | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 20.3% | 9.6% | ||
| Q3 24 | 23.6% | 8.0% | ||
| Q2 24 | 22.8% | 10.6% | ||
| Q1 24 | 21.8% | 10.1% |
净利率SNPSTXRH
| Q4 25 | 19.9% | 5.8% | ||
| Q3 25 | 13.9% | 5.9% | ||
| Q2 25 | 21.5% | 8.0% | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 74.4% | 8.2% | ||
| Q3 24 | 26.7% | 6.8% | ||
| Q2 24 | 20.1% | 9.2% | ||
| Q1 24 | 27.2% | 8.8% |
每股收益（稀释后）SNPSTXRH
| Q4 25 | $2.44 | $1.29 | ||
| Q3 25 | $1.50 | $1.25 | ||
| Q2 25 | $2.21 | $1.70 | ||
| Q1 25 | $1.89 | — | ||
| Q4 24 | $7.13 | $1.73 | ||
| Q3 24 | $2.61 | $1.26 | ||
| Q2 24 | $1.88 | $1.79 | ||
| Q1 24 | $2.89 | $1.69 |
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 | $134.7M |
| 总债务越低越好 | $13.5B | — |
| 股东权益账面价值 | $28.3B | $1.5B |
| 总资产 | $48.2B | $3.5B |
| 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SNPSTXRH
| Q4 25 | $3.0B | $134.7M | ||
| Q3 25 | $2.6B | $108.2M | ||
| Q2 25 | $14.3B | $221.1M | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $4.1B | $245.2M | ||
| Q3 24 | $2.0B | $189.2M | ||
| Q2 24 | $1.7B | $197.5M | ||
| Q1 24 | $1.3B | $213.4M |
总债务SNPSTXRH
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.3B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SNPSTXRH
| Q4 25 | $28.3B | $1.5B | ||
| Q3 25 | $27.6B | $1.5B | ||
| Q2 25 | $9.9B | $1.4B | ||
| Q1 25 | $9.3B | — | ||
| Q4 24 | $9.0B | $1.4B | ||
| Q3 24 | $7.7B | $1.3B | ||
| Q2 24 | $7.2B | $1.3B | ||
| Q1 24 | $6.7B | $1.2B |
总资产SNPSTXRH
| Q4 25 | $48.2B | $3.5B | ||
| Q3 25 | $48.2B | $3.3B | ||
| Q2 25 | $23.8B | $3.2B | ||
| Q1 25 | $13.0B | — | ||
| Q4 24 | $13.1B | $3.2B | ||
| Q3 24 | $11.6B | $2.9B | ||
| Q2 24 | $11.0B | $2.9B | ||
| Q1 24 | $10.6B | $2.8B |
负债/权益比SNPSTXRH
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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SNPSTXRH
| Q4 25 | $639.7M | — | ||
| Q3 25 | $671.0M | $143.6M | ||
| Q2 25 | $275.4M | $237.7M | ||
| Q1 25 | $-67.5M | — | ||
| Q4 24 | $562.8M | $237.5M | ||
| Q3 24 | $455.4M | $138.7M | ||
| Q2 24 | $476.6M | $133.9M | ||
| Q1 24 | $-87.8M | $243.4M |
自由现金流SNPSTXRH
| Q4 25 | $605.2M | — | ||
| Q3 25 | $632.4M | $14.7M | ||
| Q2 25 | $219.8M | $160.4M | ||
| Q1 25 | $-108.2M | — | ||
| Q4 24 | $558.4M | $129.7M | ||
| Q3 24 | $415.4M | $47.7M | ||
| Q2 24 | $438.2M | $56.1M | ||
| Q1 24 | $-128.2M | $165.8M |
自由现金流率SNPSTXRH
| Q4 25 | 26.8% | — | ||
| Q3 25 | 36.3% | 1.0% | ||
| Q2 25 | 13.7% | 11.1% | ||
| Q1 25 | -7.4% | — | ||
| Q4 24 | 37.3% | 9.0% | ||
| Q3 24 | 27.2% | 3.7% | ||
| Q2 24 | 30.1% | 4.2% | ||
| Q1 24 | -7.8% | 12.5% |
资本支出强度SNPSTXRH
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.2% | 9.0% | ||
| Q2 25 | 3.5% | 5.3% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 0.3% | 7.5% | ||
| Q3 24 | 2.6% | 7.2% | ||
| Q2 24 | 2.6% | 5.8% | ||
| Q1 24 | 2.4% | 5.9% |
现金转化率SNPSTXRH
| Q4 25 | 1.43× | — | ||
| Q3 25 | 2.77× | 1.69× | ||
| Q2 25 | 0.80× | 2.05× | ||
| Q1 25 | -0.23× | — | ||
| Q4 24 | 0.51× | 2.00× | ||
| Q3 24 | 1.12× | 1.60× | ||
| Q2 24 | 1.63× | 1.09× | ||
| Q1 24 | -0.20× | 2.10× |
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% |
TXRH
| Food And Beverage | $1.5B | 99% |
| Texas Roadhouse Segment | $21.2M | 1% |
| Franchise | $8.2M | 1% |
| Franchise Royalty | $7.4M | 0% |
| Bubba S33Segment | $2.3M | 0% |
