vs
思佳讯（SWKS）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
施乐的季度营收约是思佳讯的2.0倍（$2.0B vs $1.0B），施乐同比增速更快（25.7% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $192.0M），过去两年施乐的营收复合增速更高（16.2% 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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
SWKS vs XRX — 直观对比
营收规模更大
XRX
是对方的2.0倍
$1.0B
营收增速更快
XRX
高出17.1%
8.6%
自由现金流更多
SWKS
多$147.0M
$192.0M
两年增速更快
XRX
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.0B |
| 净利润 | $79.2M | — |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.0% | — |
| 净利率 | 7.6% | — |
| 营收同比 | 8.6% | 25.7% |
| 净利润同比 | 15.3% | — |
| 每股收益（稀释后） | $0.53 | $-0.62 |
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SWKSXRX
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $965.0M | $1.6B | ||
| Q1 25 | $953.2M | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $905.5M | $1.6B |
净利润SWKSXRX
| Q1 26 | $79.2M | — | ||
| Q4 25 | $141.4M | — | ||
| Q3 25 | — | $-760.0M | ||
| Q2 25 | $105.0M | $-106.0M | ||
| Q1 25 | $68.7M | $-90.0M | ||
| Q4 24 | $162.0M | — | ||
| Q3 24 | $60.5M | $-1.2B | ||
| Q2 24 | $120.9M | $18.0M |
毛利率SWKSXRX
| 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SWKSXRX
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 14.4% | — |
净利率SWKSXRX
| Q1 26 | 7.6% | — | ||
| Q4 25 | 12.9% | — | ||
| Q3 25 | — | -38.8% | ||
| Q2 25 | 10.9% | -6.7% | ||
| Q1 25 | 7.2% | -6.2% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 5.9% | -78.9% | ||
| Q2 24 | 13.4% | 1.1% |
每股收益（稀释后）SWKSXRX
| Q1 26 | $0.53 | — | ||
| Q4 25 | $0.95 | $-0.62 | ||
| Q3 25 | — | $-6.01 | ||
| Q2 25 | $0.70 | $-0.87 | ||
| Q1 25 | $0.43 | $-0.75 | ||
| Q4 24 | $1.00 | $-0.21 | ||
| Q3 24 | $0.36 | $-9.71 | ||
| Q2 24 | $0.75 | $0.11 |
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 | $512.0M |
| 总债务越低越好 | $496.6M | $4.0B |
| 股东权益账面价值 | $5.8B | $444.0M |
| 总资产 | $7.9B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.09× | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资SWKSXRX
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | $512.0M | ||
| Q3 25 | — | $479.0M | ||
| Q2 25 | $1.3B | $449.0M | ||
| Q1 25 | $1.5B | $336.0M | ||
| Q4 24 | $1.7B | $576.0M | ||
| Q3 24 | $1.6B | $521.0M | ||
| Q2 24 | $1.3B | $485.0M |
总债务SWKSXRX
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | $4.0B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | $496.2M | $3.5B | ||
| Q1 25 | $995.1M | $2.7B | ||
| Q4 24 | $994.7M | $2.8B | ||
| Q3 24 | $994.3M | $2.8B | ||
| Q2 24 | $994.0M | $3.2B |
股东权益SWKSXRX
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.8B | $444.0M | ||
| Q3 25 | — | $365.0M | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $6.4B | $1.1B | ||
| Q3 24 | $6.3B | $1.3B | ||
| Q2 24 | $6.3B | $2.4B |
总资产SWKSXRX
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.9B | $9.8B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | $7.7B | $8.9B | ||
| Q1 25 | $7.9B | $8.2B | ||
| Q4 24 | $8.3B | $8.4B | ||
| Q3 24 | $8.3B | $8.3B | ||
| Q2 24 | $8.2B | $9.5B |
负债/权益比SWKSXRX
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | 9.05× | ||
| Q3 25 | — | 11.10× | ||
| Q2 25 | 0.09× | 3.11× | ||
| Q1 25 | 0.17× | 2.56× | ||
| Q4 24 | 0.16× | 2.62× | ||
| Q3 24 | 0.16× | 2.11× | ||
| Q2 24 | 0.16× | 1.34× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $339.0M | $192.0M |
| 自由现金流率自由现金流/营收 | 32.7% | 9.5% |
| 资本支出强度资本支出/营收 | 5.5% | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流SWKSXRX
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | $208.0M | ||
| Q3 25 | — | $116.0M | ||
| Q2 25 | $314.2M | $-11.0M | ||
| Q1 25 | $409.4M | $-89.0M | ||
| Q4 24 | $377.2M | $351.0M | ||
| Q3 24 | $476.1M | $116.0M | ||
| Q2 24 | $273.4M | $123.0M |
自由现金流SWKSXRX
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | $192.0M | ||
| Q3 25 | — | $104.0M | ||
| Q2 25 | $252.7M | $-15.0M | ||
| Q1 25 | $370.9M | $-94.0M | ||
| Q4 24 | $338.2M | $346.0M | ||
| Q3 24 | $393.3M | $108.0M | ||
| Q2 24 | $249.0M | $117.0M |
自由现金流率SWKSXRX
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | 9.5% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | 26.2% | -1.0% | ||
| Q1 25 | 38.9% | -6.5% | ||
| Q4 24 | 31.7% | 21.5% | ||
| Q3 24 | 38.4% | 7.1% | ||
| Q2 24 | 27.5% | 7.4% |
资本支出强度SWKSXRX
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 6.4% | 0.3% | ||
| Q1 25 | 4.0% | 0.3% | ||
| Q4 24 | 3.6% | 0.3% | ||
| Q3 24 | 8.1% | 0.5% | ||
| Q2 24 | 2.7% | 0.4% |
现金转化率SWKSXRX
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.99× | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 7.87× | — | ||
| Q2 24 | 2.26× | 6.83× |
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% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
