开盘$324.08
昨收$321.64
当日区间$321.51 – $329.63
成交量777.5K
市值$15.16B
市盈率（TTM）26.0
股息率–
基本面
最新报告季度：Q2, ended Jul 2026
营收$1.56B+20.4% YoY
营业利润$331.00M+77.0% YoY
净利润$233.00M+108.0% YoY
摊薄每股收益$4.85+121.5% YoY
自由现金流$198.00M+52.3% YoY
经营现金流$211.00M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率49.6%
营业利润率16.6%
净利率9.2%
净资产收益率15.3%
资产收益率6.5%
投入资本回报率10.3%
流动比率0.52
负债/资产比率60.2%
现金及投资$157.00M
总负债$2.92B
净现金（净负债）-$2.77B
自由现金流/营收15.5%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 报告营业总收入 | $1.56B | $1.50B | $5.40B | $1.48B | $1.32B |
| 营业总收入 | $1.56B | $1.50B | $5.40B | $1.48B | $1.32B |
| 营业成本 | $732.00M | $753.00M | $2.80B | $777.00M | $686.00M |
| 毛利润 | $825.00M | $742.00M | $2.59B | $698.00M | $634.00M |
| 营业费用 | $494.00M | $518.00M | $1.79B | $476.00M | $441.00M |
| 销售及管理费用 | $298.00M | $316.00M | $1.09B | $284.00M | $270.00M |
| -销售及营销费用 | $184.00M | $189.00M | $653.00M | $175.00M | $159.00M |
| -管理费用 | $114.00M | $127.00M | $433.00M | $109.00M | $111.00M |
| 研发费用 | $159.00M | $165.00M | $593.00M | $152.00M | $146.00M |
| 折旧、摊销与折耗 | $37.00M | $37.00M | $114.00M | $40.00M | $25.00M |
| -折旧与摊销 | $37.00M | $37.00M | $114.00M | $40.00M | $25.00M |
| 营业利润 | $331.00M | $224.00M | $800.00M | $222.00M | $193.00M |
| 非经营性利息净收入（支出） | -$35.00M | -$37.00M | -$108.00M | -$37.00M | -$23.00M |
| 非经营性利息支出 | $35.00M | $37.00M | $108.00M | $37.00M | $23.00M |
| 其他收入（支出） | -$11.00M | -$20.00M | -$132.00M | -$87.00M | -$11.00M |
| 证券出售收益 | -$2.00M | – | -$18.00M | -$3.00M | $1.00M |
| 特殊收益（费用） | -$10.00M | -$9.00M | -$100.00M | -$83.00M | -$10.00M |
| -减：重组及并购费用 | $10.00M | $9.00M | $100.00M | $83.00M | $10.00M |
| 其他非经营性收入（支出） | $1.00M | -$11.00M | -$14.00M | -$1.00M | -$2.00M |
| 税前利润 | $285.00M | $167.00M | $560.00M | $98.00M | $159.00M |
| 税费 | $52.00M | $32.00M | $141.00M | $28.00M | $58.00M |
| 净利润 | $233.00M | $135.00M | $419.00M | $70.00M | $101.00M |
| 持续经营利润 | $233.00M | $135.00M | $419.00M | $70.00M | $101.00M |
| 归属母公司净利润 | $233.00M | $135.00M | $419.00M | $70.00M | $101.00M |
| 归属普通股股东净利润 | $233.00M | $135.00M | $419.00M | $70.00M | $101.00M |
| 基本每股收益 | $4.89 | $2.74 | $8.24 | $1.40 | $1.98 |
| 摊薄每股收益 | $4.85 | $2.72 | $8.18 | $1.39 | $1.97 |
资产负债表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 总资产 | $8.64B | $8.33B | $8.50B | $8.50B | $8.07B |
| 流动资产合计 | $2.06B | $1.70B | $1.80B | $1.80B | $2.58B |
| 现金及现金等价物与短期投资 | $157.00M | $114.00M | $125.00M | $125.00M | $1.05B |
| -现金及现金等价物 | $157.00M | $114.00M | $125.00M | $125.00M | $1.05B |
| 应收款 | $1.05B | $763.00M | $832.00M | $832.00M | $761.00M |
| -应收账款 | $990.00M | $733.00M | $801.00M | $801.00M | $655.00M |
| -应收税款 | $56.00M | $30.00M | $31.00M | $31.00M | $106.00M |
| 存货 | $733.00M | $692.00M | $729.00M | $729.00M | $663.00M |
| 其他流动资产 | $126.00M | $126.00M | $110.00M | $110.00M | $99.00M |
| 非流动资产合计 | $6.58B | $6.64B | $6.71B | $6.71B | $5.49B |
| 固定资产净值 | $514.00M | $520.00M | $519.00M | $519.00M | $492.00M |
| -固定资产原值 | $514.00M | $520.00M | $1.03B | $1.03B | $492.00M |
| 商誉及其他无形资产 | $5.43B | $5.47B | $5.54B | $5.54B | $4.31B |
| -商誉 | $4.70B | $4.71B | $4.73B | $4.73B | $3.93B |
| -其他无形资产 | $725.00M | $765.00M | $809.00M | $809.00M | $376.00M |
| 一年以上递延资产 | $396.00M | $410.00M | $414.00M | $414.00M | $475.00M |
| 其他非流动资产 | $239.00M | $233.00M | $237.00M | $237.00M | $217.00M |
| 负债合计 | $5.20B | $4.86B | $4.91B | $4.91B | $4.32B |
| 流动负债合计 | $4.00B | $1.76B | $1.85B | $1.85B | $1.60B |
| 应付款 | $773.00M | $606.00M | $707.00M | $707.00M | $584.00M |
| -应付账款 | $738.00M | $581.00M | $695.00M | $695.00M | $533.00M |
| -应付税款合计 | $35.00M | $25.00M | $12.00M | $12.00M | $51.00M |
| 一年内应计费用 | $285.00M | $288.00M | $307.00M | $307.00M | $263.00M |
| 短期债务及融资租赁负债 | $2.31B | $304.00M | $179.00M | $179.00M | $102.00M |
| -一年内到期债务 | $2.28B | $264.00M | $141.00M | $141.00M | $66.00M |
| -一年内到期融资租赁负债 | $38.00M | $40.00M | $38.00M | $38.00M | $36.00M |
| 一年内预提费用 | $74.00M | $59.00M | $63.00M | $63.00M | $54.00M |
| 一年内递延负债 | $444.00M | $434.00M | $446.00M | $446.00M | $456.00M |
| 非流动负债合计 | $1.20B | $3.10B | $3.06B | $3.06B | $2.72B |
| 长期债务及融资租赁负债 | $649.00M | $2.55B | $2.52B | $2.52B | $2.26B |
| -长期债务 | $493.00M | $2.39B | $2.36B | $2.36B | $2.11B |
| -长期融资租赁负债 | $156.00M | $158.00M | $157.00M | $157.00M | $151.00M |
| 一年以上递延负债 | $422.00M | $430.00M | $428.00M | $428.00M | $383.00M |
| 其他非流动负债 | $133.00M | $124.00M | $116.00M | $116.00M | $76.00M |
| 股东权益合计 | $3.44B | $3.47B | $3.59B | $3.59B | $3.75B |
| 股东权益 | $3.44B | $3.47B | $3.59B | $3.59B | $3.75B |
| 股本 | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| -普通股 | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| -优先股 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 资本公积 | $882.00M | $866.00M | $814.00M | $814.00M | $781.00M |
| 留存收益 | $5.65B | $5.41B | $5.28B | $5.28B | $5.21B |
| 减：库存股 | $3.06B | $2.79B | $2.49B | $2.49B | $2.18B |
| 不影响留存收益的损益 | -$38.00M | -$24.00M | -$18.00M | -$18.00M | -$63.00M |
| -累计折旧 | – | – | -$506.00M | -$506.00M | – |
| 其他流动负债 | – | – | – | – | $28.00M |
现金流量表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 经营活动现金流 | $211.00M | $176.00M | $917.00M | $357.00M | $235.00M |
| 持续经营经营活动现金流净额 | $211.00M | $176.00M | $917.00M | $357.00M | $235.00M |
| 持续经营净利润 | $233.00M | $135.00M | $419.00M | $70.00M | $101.00M |
| 持续经营损益 | $0.00 | $10.00M | – | – | – |
| 折旧、折耗与摊销 | $57.00M | $56.00M | $185.00M | $59.00M | $42.00M |
| 递延税款 | $9.00M | $0.00 | $21.00M | -$40.00M | $91.00M |
| 营运资金变动 | -$123.00M | -$84.00M | $70.00M | $189.00M | -$47.00M |
| -应收款变动 | -$260.00M | $67.00M | -$39.00M | -$96.00M | -$24.00M |
| -存货变动 | -$41.00M | $34.00M | $54.00M | $24.00M | $19.00M |
| -应付账款及应计费用变动 | $186.00M | -$186.00M | -$28.00M | $136.00M | $8.00M |
| -其他流动资产变动 | $2.00M | -$12.00M | $6.00M | -$10.00M | $6.00M |
| -其他营运资金变动 | -$10.00M | $13.00M | $77.00M | $135.00M | -$56.00M |
| 投资活动现金流净额 | -$13.00M | -$2.00M | -$1.46B | -$1.33B | -$22.00M |
| 持续经营投资活动现金流净额 | -$13.00M | -$2.00M | -$1.46B | -$1.33B | -$22.00M |
| 固定资产购置及出售净额 | -$13.00M | -$13.00M | -$86.00M | -$30.00M | -$19.00M |
| 业务购买及出售净额 | $0.00 | $9.00M | -$1.37B | -$1.30B | $0.00 |
| 投资购置及出售净额 | $0.00 | $1.00M | -$4.00M | -$1.00M | -$3.00M |
| 其他投资变动净额 | $0.00 | $1.00M | – | – | – |
| 筹资活动现金流 | -$156.00M | -$185.00M | -$239.00M | $47.00M | -$29.00M |
| 持续经营筹资活动现金流净额 | -$156.00M | -$185.00M | -$239.00M | $47.00M | -$29.00M |
| 债务发行及偿还净额 | $117.00M | $149.00M | $328.00M | $328.00M | $0.00 |
| 普通股发行净额 | -$268.00M | -$300.00M | -$587.00M | -$303.00M | -$34.00M |
| 其他筹资费用净额 | -$5.00M | -$34.00M | $20.00M | $22.00M | $5.00M |
| 期末现金余额 | $157.00M | $114.00M | $125.00M | $125.00M | $1.05B |
| 现金净变动 | $42.00M | -$11.00M | -$777.00M | -$930.00M | $184.00M |
| 期初现金余额 | $114.00M | $125.00M | $901.00M | $1.05B | $872.00M |
| 汇率变动影响 | $1.00M | $0.00 | $1.00M | $2.00M | -$3.00M |
| 自由现金流 | $198.00M | $163.00M | $831.00M | $327.00M | $216.00M |
| 其他非现金项目 | – | $1.00M | $14.00M | $1.00M | $11.00M |
| -其他流动负债变动 | – | – | $0.00 | $0.00 | – |
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