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思佳讯（SWKS）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是思佳讯的1.8倍（$1.9B vs $1.0B），Vulcan Materials Company净利率更高（13.2% vs 7.6%，领先5.5%），思佳讯同比增速更快（8.6% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $339.0M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs -0.5%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
SWKS vs VMC — 直观对比
营收规模更大
VMC
是对方的1.8倍
$1.0B
营收增速更快
SWKS
高出5.4%
3.2%
净利率更高
VMC
高出5.5%
7.6%
自由现金流更多
VMC
多$19.2M
$339.0M
两年增速更快
VMC
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $79.2M | $252.0M |
| 毛利率 | 41.3% | 25.5% |
| 营业利润率 | 10.0% | 19.8% |
| 净利率 | 7.6% | 13.2% |
| 营收同比 | 8.6% | 3.2% |
| 净利润同比 | 15.3% | -14.2% |
| 每股收益（稀释后） | $0.53 | $1.90 |
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SWKSVMC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $965.0M | $2.1B | ||
| Q1 25 | $953.2M | $1.6B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $905.5M | $2.0B |
净利润SWKSVMC
| Q1 26 | $79.2M | — | ||
| Q4 25 | $141.4M | $252.0M | ||
| Q3 25 | — | $374.9M | ||
| Q2 25 | $105.0M | $320.9M | ||
| Q1 25 | $68.7M | $128.9M | ||
| Q4 24 | $162.0M | $293.6M | ||
| Q3 24 | $60.5M | $207.6M | ||
| Q2 24 | $120.9M | $308.0M |
毛利率SWKSVMC
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.7% | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | 41.6% | 29.7% | ||
| Q1 25 | 41.1% | 22.3% | ||
| Q4 24 | 41.4% | 29.0% | ||
| Q3 24 | 41.9% | 28.2% | ||
| Q2 24 | 40.2% | 29.4% |
营业利润率SWKSVMC
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | 19.8% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | 11.5% | 22.4% | ||
| Q1 25 | 10.2% | 13.9% | ||
| Q4 24 | 16.9% | 21.6% | ||
| Q3 24 | 5.8% | 16.8% | ||
| Q2 24 | 14.4% | 22.5% |
净利率SWKSVMC
| Q1 26 | 7.6% | — | ||
| Q4 25 | 12.9% | 13.2% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | 10.9% | 15.3% | ||
| Q1 25 | 7.2% | 7.9% | ||
| Q4 24 | 15.2% | 15.8% | ||
| Q3 24 | 5.9% | 10.4% | ||
| Q2 24 | 13.4% | 15.3% |
每股收益（稀释后）SWKSVMC
| Q1 26 | $0.53 | — | ||
| Q4 25 | $0.95 | $1.90 | ||
| Q3 25 | — | $2.82 | ||
| Q2 25 | $0.70 | $2.42 | ||
| Q1 25 | $0.43 | $0.97 | ||
| Q4 24 | $1.00 | $2.21 | ||
| Q3 24 | $0.36 | $1.56 | ||
| Q2 24 | $0.75 | $2.31 |
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 | $1.6B | $183.3M |
| 总债务越低越好 | $496.6M | $4.4B |
| 股东权益账面价值 | $5.8B | $8.5B |
| 总资产 | $7.9B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.09× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资SWKSVMC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | $183.3M | ||
| Q3 25 | — | $191.3M | ||
| Q2 25 | $1.3B | $347.4M | ||
| Q1 25 | $1.5B | $181.3M | ||
| Q4 24 | $1.7B | $559.7M | ||
| Q3 24 | $1.6B | $433.2M | ||
| Q2 24 | $1.3B | $111.0M |
总债务SWKSVMC
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | $496.2M | $4.4B | ||
| Q1 25 | $995.1M | $4.9B | ||
| Q4 24 | $994.7M | $5.3B | ||
| Q3 24 | $994.3M | $3.3B | ||
| Q2 24 | $994.0M | $3.3B |
股东权益SWKSVMC
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.8B | $8.5B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | $5.7B | $8.4B | ||
| Q1 25 | $5.9B | $8.1B | ||
| Q4 24 | $6.4B | $8.1B | ||
| Q3 24 | $6.3B | $7.9B | ||
| Q2 24 | $6.3B | $7.7B |
总资产SWKSVMC
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.9B | $16.7B | ||
| Q3 25 | — | $17.0B | ||
| Q2 25 | $7.7B | $17.0B | ||
| Q1 25 | $7.9B | $16.7B | ||
| Q4 24 | $8.3B | $17.1B | ||
| Q3 24 | $8.3B | $14.4B | ||
| Q2 24 | $8.2B | $14.2B |
负债/权益比SWKSVMC
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | 0.09× | 0.52× | ||
| Q1 25 | 0.17× | 0.60× | ||
| Q4 24 | 0.16× | 0.65× | ||
| Q3 24 | 0.16× | 0.42× | ||
| Q2 24 | 0.16× | 0.43× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $339.0M | $358.2M |
| 自由现金流率自由现金流/营收 | 32.7% | 18.7% |
| 资本支出强度资本支出/营收 | 5.5% | 9.7% |
| 现金转化率经营现金流/净利润 | 4.99× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.1B |
8季度趋势，按日历期对齐
经营现金流SWKSVMC
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | $543.0M | ||
| Q3 25 | — | $676.8M | ||
| Q2 25 | $314.2M | $341.7M | ||
| Q1 25 | $409.4M | $251.5M | ||
| Q4 24 | $377.2M | $440.1M | ||
| Q3 24 | $476.1M | $595.0M | ||
| Q2 24 | $273.4M | $201.1M |
自由现金流SWKSVMC
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | $358.2M | ||
| Q3 25 | — | $454.8M | ||
| Q2 25 | $252.7M | $238.8M | ||
| Q1 25 | $370.9M | $83.5M | ||
| Q4 24 | $338.2M | $277.6M | ||
| Q3 24 | $393.3M | $498.2M | ||
| Q2 24 | $249.0M | $9.7M |
自由现金流率SWKSVMC
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | 18.7% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | 26.2% | 11.4% | ||
| Q1 25 | 38.9% | 5.1% | ||
| Q4 24 | 31.7% | 15.0% | ||
| Q3 24 | 38.4% | 24.9% | ||
| Q2 24 | 27.5% | 0.5% |
资本支出强度SWKSVMC
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | 9.7% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | 6.4% | 4.9% | ||
| Q1 25 | 4.0% | 10.3% | ||
| Q4 24 | 3.6% | 8.8% | ||
| Q3 24 | 8.1% | 4.8% | ||
| Q2 24 | 2.7% | 9.5% |
现金转化率SWKSVMC
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | 2.15× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | 2.99× | 1.06× | ||
| Q1 25 | 5.96× | 1.95× | ||
| Q4 24 | 2.33× | 1.50× | ||
| Q3 24 | 7.87× | 2.87× | ||
| Q2 24 | 2.26× | 0.65× |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
