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泰瑞达（TER）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是天宝的1.1倍（$1.1B vs $969.8M），泰瑞达净利率更高（23.7% vs 16.1%，领先7.6%），泰瑞达同比增速更快（43.9% vs -73.7%），天宝自由现金流更多（$360.9M vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% vs 0.9%）
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
TER vs TRMB — 直观对比
营收规模更大
TER
是对方的1.1倍
$969.8M
营收增速更快
TER
高出117.6%
-73.7%
净利率更高
TER
高出7.6%
16.1%
自由现金流更多
TRMB
多$142.1M
$218.8M
两年增速更快
TER
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $969.8M |
| 净利润 | $257.2M | $156.6M |
| 毛利率 | 57.2% | 72.0% |
| 营业利润率 | 27.1% | 22.3% |
| 净利率 | 23.7% | 16.1% |
| 营收同比 | 43.9% | -73.7% |
| 净利润同比 | 75.9% | 73.6% |
| 每股收益（稀释后） | $1.62 | $0.65 |
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TERTRMB
| Q4 25 | $1.1B | $901.2M | ||
| Q3 25 | $769.2M | $875.7M | ||
| Q2 25 | $651.8M | $840.6M | ||
| Q1 25 | $685.7M | $983.4M | ||
| Q4 24 | $752.9M | — | ||
| Q3 24 | $737.3M | $875.8M | ||
| Q2 24 | $729.9M | $870.8M | ||
| Q1 24 | $599.8M | $953.3M |
净利润TERTRMB
| Q4 25 | $257.2M | $111.5M | ||
| Q3 25 | $119.6M | $89.2M | ||
| Q2 25 | $78.4M | $66.7M | ||
| Q1 25 | $98.9M | $90.2M | ||
| Q4 24 | $146.3M | — | ||
| Q3 24 | $145.6M | $40.6M | ||
| Q2 24 | $186.3M | $1.3B | ||
| Q1 24 | $64.2M | $57.2M |
毛利率TERTRMB
| Q4 25 | 57.2% | 68.9% | ||
| Q3 25 | 58.4% | 68.3% | ||
| Q2 25 | 57.2% | 66.7% | ||
| Q1 25 | 60.6% | 69.3% | ||
| Q4 24 | 59.4% | — | ||
| Q3 24 | 59.2% | 65.7% | ||
| Q2 24 | 58.3% | 62.7% | ||
| Q1 24 | 56.6% | 62.3% |
营业利润率TERTRMB
| Q4 25 | 27.1% | 16.7% | ||
| Q3 25 | 18.9% | 14.6% | ||
| Q2 25 | 13.9% | 11.6% | ||
| Q1 25 | 17.6% | 17.6% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | 13.3% | ||
| Q2 24 | 28.8% | 7.1% | ||
| Q1 24 | 13.0% | 11.5% |
净利率TERTRMB
| Q4 25 | 23.7% | 12.4% | ||
| Q3 25 | 15.5% | 10.2% | ||
| Q2 25 | 12.0% | 7.9% | ||
| Q1 25 | 14.4% | 9.2% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.8% | 4.6% | ||
| Q2 24 | 25.5% | 151.2% | ||
| Q1 24 | 10.7% | 6.0% |
每股收益（稀释后）TERTRMB
| Q4 25 | $1.62 | $0.46 | ||
| Q3 25 | $0.75 | $0.37 | ||
| Q2 25 | $0.49 | $0.27 | ||
| Q1 25 | $0.61 | $0.36 | ||
| Q4 24 | $0.89 | — | ||
| Q3 24 | $0.89 | $0.16 | ||
| Q2 24 | $1.14 | $5.34 | ||
| Q1 24 | $0.40 | $0.23 |
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 | $293.8M | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $2.8B | $5.8B |
| 总资产 | $4.2B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资TERTRMB
| Q4 25 | $293.8M | $232.7M | ||
| Q3 25 | $272.7M | $265.9M | ||
| Q2 25 | $339.3M | $290.0M | ||
| Q1 25 | $475.6M | $738.8M | ||
| Q4 24 | $553.4M | — | ||
| Q3 24 | $510.0M | $1.0B | ||
| Q2 24 | $421.9M | $944.1M | ||
| Q1 24 | $707.4M | $255.1M |
总债务TERTRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TERTRMB
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.7B | $5.7B | ||
| Q2 25 | $2.8B | $5.4B | ||
| Q1 25 | $2.8B | $5.7B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | $5.9B | ||
| Q2 24 | $2.7B | $5.6B | ||
| Q1 24 | $2.6B | $4.3B |
总资产TERTRMB
| Q4 25 | $4.2B | $9.0B | ||
| Q3 25 | $4.0B | $9.1B | ||
| Q2 25 | $3.8B | $8.9B | ||
| Q1 25 | $3.7B | $9.5B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.8B | $9.9B | ||
| Q2 24 | $3.6B | $9.6B | ||
| Q1 24 | $3.4B | $9.3B |
负债/权益比TERTRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| 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 | $281.6M | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $218.8M | $360.9M |
| 自由现金流率自由现金流/营收 | 20.2% | 37.2% |
| 资本支出强度资本支出/营收 | 5.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.09× | 2.47× |
| 过去12个月自由现金流最近4个季度 | $450.4M | — |
8季度趋势，按日历期对齐
经营现金流TERTRMB
| Q4 25 | $281.6M | — | ||
| Q3 25 | $49.0M | $123.8M | ||
| Q2 25 | $182.1M | $155.6M | ||
| Q1 25 | $161.6M | $115.1M | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $166.3M | $94.9M | ||
| Q2 24 | $216.1M | $87.6M | ||
| Q1 24 | $7.3M | $233.8M |
自由现金流TERTRMB
| Q4 25 | $218.8M | — | ||
| Q3 25 | $2.4M | $116.6M | ||
| Q2 25 | $131.7M | $149.0M | ||
| Q1 25 | $97.6M | $109.0M | ||
| Q4 24 | $225.2M | — | ||
| Q3 24 | $114.4M | $88.5M | ||
| Q2 24 | $171.2M | $73.3M | ||
| Q1 24 | $-36.7M | $227.0M |
自由现金流率TERTRMB
| Q4 25 | 20.2% | — | ||
| Q3 25 | 0.3% | 13.3% | ||
| Q2 25 | 20.2% | 17.7% | ||
| Q1 25 | 14.2% | 11.1% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 15.5% | 10.1% | ||
| Q2 24 | 23.5% | 8.4% | ||
| Q1 24 | -6.1% | 23.8% |
资本支出强度TERTRMB
| Q4 25 | 5.8% | — | ||
| Q3 25 | 6.1% | 0.8% | ||
| Q2 25 | 7.7% | 0.8% | ||
| Q1 25 | 9.3% | 0.6% | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 7.0% | 0.7% | ||
| Q2 24 | 6.1% | 1.6% | ||
| Q1 24 | 7.3% | 0.7% |
现金转化率TERTRMB
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.41× | 1.39× | ||
| Q2 25 | 2.32× | 2.33× | ||
| Q1 25 | 1.63× | 1.28× | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 1.14× | 2.34× | ||
| Q2 24 | 1.16× | 0.07× | ||
| Q1 24 | 0.11× | 4.09× |
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
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
