LRCX Lam Research Corporation - Common Stock
NASDAQ · Semiconductors · 在 SEC EDGAR 上查看 ↗ 收盘 十月 2, 2026 10-K/10-Q 八月 7, 2026
$347.49
· % 处于52周区间
· 高于低点
· 至高点
$131.0252周低点
$438.5052周高点
市值 (MRQ)
$434.81B
P/E (TTM)
60.3
EPS (TTM)
$5.76
收入 (TTM)
$23.23B
LRCX 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围
价格
$347.49
市值 (MRQ)
$434.81B
P/E (TTM)
60.3
EPS (TTM)
$5.76
收入 (TTM)
$23.23B
股息收益率
0.29%
ROE (TTM)
65.1%
负债/权益
0.3
52周区间
$131–$439
LRCX 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图
区间
条形图
柱状图粒度会根据所选周期进行调整 — 将鼠标悬停在图表上可查看柱状图的开盘价/最高价/最低价/收盘价。
股票拆分
| 除息日 | 拆股 | 类型 |
|---|---|---|
| 2024年10月3日 | 10-for-1 | 正向 |
| 2000年3月17日 | 3-for-1 | 正向 |
| 1993年9月16日 | 3-for-2 | 正向 |
关于 Lam Research Corporation - Common Stock 公司概况（来自维基百科）
泛林集团（台湾作科林研发），或譯拉姆研究，總部位於美国加州矽谷，專門生产、设计、销售半导体設備。與應用材料（AMAT）、艾斯摩爾（ASML）並列為全球前三大半導體設備製造商，也是財星美國500強企業，提供先進技術與服務給各國半導體業者，營運據點分佈在全球18個國家。
該公司掌握許多高科技半導體設備的關鍵技術，尤其在蝕刻和薄膜沉積製程的領域，因此被美國商務部列管為出口管制企業，出售產品設備須獲得政府批准，並且不得出售14奈米以下的先進製程設備至管制名單國家，例：中國、俄羅斯、北韓、伊朗等等。
## 历史
该公司「Lam」字樣，是越南華僑林姓的意思，由廣東出身西貢長大的華裔科学家和企业家林傑屏成立于1980年，总部位于硅谷。1984年5月在纳斯达克挂牌上市。
2006 年，Lam Research 收購了 Bullen Semiconductor，即現在的 Silfex, Inc.。
2008 年Lam Research 收購了 SEZ AG，現為 Lam Research AG。
2011年泛林集團同意以33億美元收購加州聖荷西晶片設備製造商Novellus Systems。該交易於2012年6月完成。
2018年时它是旧金山湾区仅次于特斯拉汽车的第二大制造商。据 Bloomberg数据，2023年全球五大半导体设备制造商分别为應用材料（AMAT）、艾司摩爾（ASML）、 科林研發（Lam Research）、東京威力科創（TEL）、科磊（KLA），这五大半导体制造商在2018年以其领先的技术、强大的资金支持占据着全球半导体设备制造业超过 70%的市佔。
来源：维基百科, CC BY-SA 4.0 · 在维基百科上查看 ↗
行业板块Technology
行业Semiconductors
员工23300
国家US
10年表现 收入、净利润、利润率和每股收益趋势
收入$23.23B2018-06-24 → 2026-06-28
EPS$5.762018-06-24 → 2026-06-28
自由现金流$4.89B2018-06-24 → 2026-06-28
净利率31.3%2018-06-24 → 2026-06-28
估值与比率
估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？
| 指标 | 5年趋势 | LRCX | 5年均值 | 同行中位数 | 结论 |
|---|---|---|---|---|---|
| P/E (TTM) | 60.35年均值 ≈29.1 | ≈29.1 | 68.4 | 公允价值 | |
| P/S (TTM) | 18.75年均值 ≈5.8 | ≈5.8 | 13.8 | 估值过高 | |
| 市净率 (MRQ) | 34.95年均值 ≈10.8 | ≈10.8 | 10.1 | 估值过高 | |
| EV / EBITDA (企业价值 / EBITDA) | 52.85年均值 ≈20.7 | ≈20.7 | 31.6 | 估值过高 | |
| 股价/自由现金流 (TTM) | 88.95年均值 ≈25.4 | ≈25.4 | · | · | |
| 市现率 (TTM) | 74.25年均值 ≈21.5 | ≈21.5 | 25.1 | 估值过高 | |
| EV / Revenue (市值/营收) | 18.65年均值 ≈7.1 | ≈7.1 | · | · | |
| EV / FCF (市值/自由现金流) | 88.55年均值 ≈30.9 | ≈30.9 | · | · | |
| 市净率（有形资产） (MRQ) | 35.65年均值 ≈13.0 | ≈13.0 | · | · |
同行中位数按每项指标的标准化基础计算，可能与本股票显示的TTM/MRQ基础不完全匹配。
盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)
| 指标 | 5年趋势 | LRCX | 5年均值 | 同行中位数 | 结论 |
|---|---|---|---|---|---|
| 毛利率 (TTM) | 50.5%5年均值 ≈47.4% | ≈47.4% | 50.4% | 持平 | |
| 营业利润率 (TTM) | 35.3%5年均值 ≈31.4% | ≈31.4% | 21.2% | 顶尖 | |
| EBITDA Margin (息税折旧摊销前利润率) | 35.3%5年均值 ≈31.4% | ≈31.4% | 21.2% | 顶尖 | |
| 税前利润率 (TTM) | 35.6%5年均值 ≈31.3% | ≈31.3% | 21.7% | 顶尖 | |
| 净利润率 (TTM) | 31.3%5年均值 ≈27.7% | ≈27.7% | 19.7% | 顶尖 | |
| ROA (TTM) | 32.4%5年均值 ≈26.5% | ≈26.5% | 5.8% | 顶尖 | |
| ROE (TTM) | 65.1%5年均值 ≈59.4% | ≈59.4% | 9.9% | 顶尖 | |
| ROIC | 44.5%5年均值 ≈44.0% | ≈44.0% | 12.7% | 顶尖 |
财务健康 债务、流动性、偿付能力 — 资产负债表强度
| 指标 | 5年趋势 | LRCX | 5年均值 | 同行中位数 | 结论 |
|---|---|---|---|---|---|
| Debt / Equity (负债/股东权益比率) | 0.35年均值 ≈0.5 | ≈0.5 | 0.3 | 持平 | |
| 流动比率 (MRQ) | 2.65年均值 ≈2.7 | ≈2.7 | 2.5 | 持平 | |
| Quick Ratio (速动比率) | 1.85年均值 ≈1.8 | ≈1.8 | 1.6 | 持平 | |
| 长期负债/股东权益 (MRQ) | 0.35年均值 ≈0.5 | ≈0.5 | 0.4 | 低负债 |
成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)
| 指标 | 5年趋势 | LRCX | 5年均值 | 同行中位数 | 结论 |
|---|---|---|---|---|---|
| Revenue YoY (营收同比增长) | 26.0%5年均值 ≈10.8% | ≈10.8% | · | · | |
| Revenue CAGR 3Y (营收3年复合年增长率) | 10.1%5年均值 ≈8.3% | ≈8.3% | · | · | |
| Revenue CAGR 5Y (营收5年复合年增长率) | 9.7% | · | · | · | |
| EPS YoY | 38.8%5年均值 ≈0.23% | ≈0.23% | · | · | |
| Net Income YoY (净利润同比增长) | 35.6%5年均值 ≈15.2% | ≈15.2% | · | · | |
| EPS CAGR 3Y (每股收益年复合增长率（3年）) | 20.2%5年均值 ≈-30.4% | ≈-30.4% | · | · | |
| EPS CAGR 5Y (每股收益年复合增长率（5年）) | -26.5% | · | · | · | |
| Net Income CAGR 3Y (净利润年复合增长率（3年）) | 17.2%5年均值 ≈11.9% | ≈11.9% | · | · | |
| Net Income CAGR 5Y (净利润年复合增长率（5年）) | 13.2% | · | · | · |
资本效率 资产周转率、库存周转率、应收账款周转率
| 指标 | 5年趋势 | LRCX | 5年均值 | 同行中位数 | 结论 |
|---|---|---|---|---|---|
| Asset Turnover (资产周转率) | 1.05年均值 ≈1.0 | ≈1.0 | 0.7 | 顶尖 | |
| Inventory Turnover (库存周转率) | 2.75年均值 ≈2.3 | ≈2.3 | 2.8 | 弱 | |
| Receivables Turnover (应收账款周转率) | 5.35年均值 ≈5.3 | ≈5.3 | 5.3 | 持平 | |
| Revenue / Employee (年营业收入 ÷ 员工人数（报告的 headcount，yfinance）。衍生数据 — 非存储的 SEC-XBRL 概念。) | ≈$997.1K | · | · | · |
价值 · ≈ 5年均值 · 行业中值 · 相对于中值的评判
股息 收益率、派息率、股息历史、5年CAGR
股息收益率0.29%
派息率17.5%
年度化派息≈$1.32
5年股息复合年增长率 (CAGR)≈14.9%
增长连胜≈10
| 除息日 | 金额 | 货币 | 收益率 |
|---|---|---|---|
| 九月 23, 2026 | $0.33 | USD | ≈0.36% |
| 六月 17, 2026 | $0.26 | USD | ≈0.28% |
| 三月 4, 2026 | $0.26 | USD | ≈0.45% |
| 十二月 3, 2025 | $0.26 | USD | ≈0.61% |
| 九月 24, 2025 | $0.26 | USD | ≈0.74% |
| 六月 18, 2025 | $0.23 | USD | ≈1.00% |
| 三月 5, 2025 | $0.23 | USD | ≈1.1% |
| 十二月 11, 2024 | $0.23 | USD | ≈1.1% |
| 九月 17, 2024 | $0.23 | USD | ≈1.1% |
| 六月 18, 2024 | $0.20 | USD | ≈0.73% |
| 三月 12, 2024 | $0.20 | USD | ≈0.81% |
| 十二月 12, 2023 | $0.20 | USD | ≈1.0% |
| 九月 12, 2023 | $0.20 | USD | ≈1.1% |
| 六月 13, 2023 | $0.17 | USD | ≈1.1% |
| 三月 14, 2023 | $0.17 | USD | ≈1.4% |
| 十二月 13, 2022 | $0.17 | USD | ≈1.4% |
| 九月 13, 2022 | $0.17 | USD | ≈1.5% |
| 六月 14, 2022 | $0.15 | USD | ≈1.3% |
| 三月 15, 2022 | $0.15 | USD | ≈1.2% |
| 十二月 14, 2021 | $0.15 | USD | ≈0.82% |
收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期
平均惊喜
4.6%
下次报告
十月 20, 2026
| 期间 | 报告 | EPS Actual | EPS 预期 | 惊喜 |
|---|---|---|---|---|
| 2026年6月30日 | $1.82 | $1.72 | 6.0% | |
| 2026年3月31日 | $1.46 | $1.39 | 4.9% | |
| 2025年12月31日 | $1.27 | $1.19 | 6.4% | |
| 2025年9月30日 | $1.26 | $1.25 | 1.1% | |
| 2025年6月30日 | $1.33 | $1.23 | 7.8% | |
| 2025年3月31日 | $1.04 | $1.03 | 1.4% |
完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表
损益表
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B | $11.08B | $8.01B | $5.89B | $5.26B | |
| Cost of Revenue | $11.51B | $9.46B | $7.85B | $9.65B | $9.36B | $7.82B | $5.44B | $5.30B | $5.91B | $4.41B | $3.27B | $2.97B | |
| Gross Profit | $11.73B | $8.98B | $7.05B | $7.78B | $7.87B | $6.81B | $4.61B | $4.36B | $5.17B | $3.60B | $2.62B | $2.28B | |
| R&D Expense | $2.38B | $2.10B | $1.90B | $1.73B | $1.60B | $1.49B | $1.25B | $1.19B | $1.19B | $1.03B | $914M | $825M | |
| SG&A Expense | $1.15B | $982M | $868M | $833M | $886M | $830M | $682M | $702M | $762M | $667M | $631M | $592M | |
| Operating Expenses | $3.53B | $3.08B | $2.79B | $2.60B | $2.49B | $2.32B | $1.93B | $1.89B | $1.95B | $1.70B | $1.54B | $1.50B | |
| Operating Income | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B | $3.21B | $1.90B | $1.07B | $788M | |
| Interest Expense | · | · | · | $186M | $185M | $209M | $177M | $117M | $97M | $118M | $135M | $74M | |
| Interest Income | $196M | $231M | $252M | $139M | $15M | $20M | $85M | $99M | $86M | $58M | $30M | $19M | |
| Other Non-op | $63M | $57M | $96M | $-66M | $-189M | $-111M | $-99M | $-18M | $-62M | $-90M | $-114M | $-47M | |
| Pretax Income | $8.26B | $5.96B | $4.36B | $5.11B | $5.19B | $4.37B | $2.57B | $2.45B | $3.15B | $1.81B | $960M | $741M | |
| Income Tax | $997M | $600M | $532M | $598M | $588M | $462M | $323M | $255M | $771M | $114M | $46M | $85M | |
| Net Income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B | $2.38B | $1.70B | $914M | $656M | |
| EPS (Basic) | $5.79 | $4.17 | $2.91 | $3.33 | $32.92 | $27.22 | $15.55 | $14.37 | $14.73 | $10.47 | $5.75 | $4.11 | |
| EPS (Diluted) | $5.76 | $4.15 | $2.90 | $3.32 | $32.75 | $26.90 | $15.10 | $13.70 | $13.17 | $9.24 | $5.22 | $3.70 | |
| Shares (Basic) | 1,255,079,000 | 1,286,101,000 | 1,314,102,000 | 1,354,715,000 | 139,899,000 | 143,609,000 | 144,814,000 | 152,478,000 | 161,643,000 | 162,222,000 | 158,919,000 | 159,629,000 | |
| Shares (Diluted) | 1,261,102,000 | 1,290,142,000 | 1,319,949,000 | 1,358,336,000 | 140,628,000 | 145,320,000 | 149,090,000 | 159,915,000 | 180,782,000 | 183,770,000 | 175,159,000 | 177,067,000 | |
| EBITDA | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B | $3.21B | $1.90B | $1.07B | $788M |
资产负债表
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.58B | $6.39B | $5.85B | $5.34B | $3.52B | $4.42B | $4.92B | $3.66B | $4.51B | $2.38B | $5.04B | $1.50B | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $2.57B | |
| Receivables | $5.34B | $3.38B | $2.52B | $2.82B | $4.31B | $3.03B | $2.10B | $1.46B | $2.18B | $1.67B | $1.26B | $1.09B | |
| Inventory | $4.28B | $4.31B | $4.22B | $4.82B | $3.97B | $2.69B | $1.90B | $1.54B | $1.88B | $1.23B | $972M | $943M | |
| Prepaid Expense | $416M | $440M | $298M | $252M | $347M | $208M | $146M | $134M | $147M | $195M | $151M | $157M | |
| Current Assets | $15.61B | $14.52B | $12.88B | $13.23B | $12.29B | $11.65B | $10.85B | $8.56B | $9.15B | $9.14B | $9.21B | $6.27B | |
| PP&E (Net) | $2.94B | $2.41B | $2.13B | $1.80B | $1.61B | $1.26B | $1.05B | $1.06B | $903M | $686M | $640M | $621M | |
| PP&E (Gross) | $5.42B | $4.58B | $3.99B | $3.45B | $3.05B | $2.53B | $2.14B | $2.02B | $1.74B | $1.44B | $1.36B | $1.25B | |
| Accum. Depreciation | $2.48B | $2.17B | $1.86B | $1.64B | $1.44B | $1.27B | $1.08B | $964M | $834M | $757M | $722M | $630M | |
| Goodwill | $1.63B | $1.63B | $1.60B | $1.62B | $1.52B | $1.49B | $1.48B | $1.48B | $1.48B | $1.39B | $1.39B | $1.39B | |
| Intangibles | $269M | $182M | $138M | $168M | $102M | $132M | $169M | $217M | $318M | $411M | $565M | $728M | |
| Other Non-current Assets | $3.07B | $2.59B | $1.94B | $1.91B | $1.39B | $1.06B | $727M | $425M | $368M | $242M | $210M | $186M | |
| Total Assets | $23.53B | $21.35B | $18.74B | $18.78B | $17.20B | $15.89B | $14.56B | $12.00B | $12.48B | $12.12B | $12.26B | $9.36B | |
| Accounts Payable | $1.30B | $854M | $614M | $471M | $1.01B | $830M | $592M | $377M | $511M | $465M | $348M | $300M | |
| Accrued Liabilities | $2.35B | $2.39B | $1.80B | $2.01B | $1.97B | $1.72B | $1.27B | $947M | $1.31B | $969M | $773M | $649M | |
| Current Liabilities | $5.94B | $6.57B | $4.34B | $4.18B | $4.56B | $3.53B | $3.16B | $2.37B | $3.15B | $2.95B | $2.42B | $2.63B | |
| Capital Leases | $297M | $193M | $223M | $173M | $165M | $118M | $124M | $28M | $46M | $6M | $205.0K | $7M | |
| Other Non-current Liabilities | $710M | $582M | $575M | $501M | $423M | $399M | $333M | $191M | $91M | $280M | $135M | $184M | |
| Total Liabilities | $11.06B | $11.48B | $10.21B | $10.57B | $10.92B | $9.86B | $9.38B | $7.28B | $5.90B | $5.14B | $6.16B | $4.02B | |
| Long-term Debt | $3.72B | $4.47B | $4.97B | $4.97B | $4.96B | $4.96B | $5.80B | $4.43B | $2.37B | $2.69B | $4.32B | $2.35B | |
| Total Debt | $3.72B | $4.47B | $4.97B | $4.97B | · | $4.96B | $5.80B | $4.43B | $2.37B | $2.69B | $4.33B | · | |
| Common Stock | $1M | $1M | $1M | $133.0K | $137.0K | $143.0K | $145.0K | $144.0K | $157.0K | $162.0K | $160.0K | $159.0K | |
| Paid-in Capital | $9.24B | $8.70B | $8.22B | $7.81B | $7.41B | $7.05B | $6.70B | $6.41B | $6.14B | $5.85B | $5.57B | $5.37B | |
| Retained Earnings | $34.95B | $28.99B | $24.81B | $22.03B | $18.45B | $14.68B | $11.52B | $9.93B | $8.26B | $6.25B | $4.82B | $4.10B | |
| Treasury Stock | $31.60B | $27.76B | $24.37B | $21.53B | $19.48B | $15.65B | $12.95B | $11.60B | $7.85B | $5.22B | $4.43B | $4.30B | |
| AOCI | $-127M | $-62M | $-130M | $-101M | $-110M | $-64M | $-94M | $-64M | $-57M | $-62M | $-69M | $-58M | |
| Stockholders' Equity | $12.47B | $9.86B | $8.54B | $8.21B | $6.28B | $6.03B | $5.17B | $4.67B | $6.50B | $6.82B | $5.89B | $5.10B | |
| Liabilities + Equity | $23.53B | $21.35B | $18.74B | $18.78B | $17.20B | $15.89B | $14.56B | $12.00B | $12.48B | $12.12B | $12.26B | $9.36B | |
| Shares Outstanding | 1,251,278,000 | 1,268,740,000 | 1,303,769,000 | 1,332,966,000 | 1,369,750,000 | 142,501,000 | 145,331,000 | 144,433,000 | 156,892,000 | 161,723,000 | 160,201,000 | 158,531,000 |
现金流
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $442M | $386M | $360M | $342M | $334M | $307M | $269M | $309M | $326M | $307M | $291M | $278M | |
| Stock-based Comp | $386M | $343M | $293M | $287M | $259M | $220M | $189M | $187M | $172M | $150M | $142M | $135M | |
| Deferred Tax | $-289M | $-363M | $-199M | $-172M | $-257M | $-151M | $-18M | $-5M | $3M | $105M | $-49M | $6M | |
| Amort. of Intangibles | · | · | $56M | $52M | $78M | $71M | $66M | $127M | $161M | $155M | $156M | $158M | |
| Restructuring | · | · | $62M | $120M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $5.86B | $6.17B | $4.65B | $5.18B | $3.10B | $3.59B | $2.13B | $3.18B | $2.66B | $2.03B | $1.35B | $786M | |
| CapEx | $966M | $759M | $397M | $502M | $546M | $349M | $203M | $303M | $273M | $157M | $175M | $198M | |
| Investing Cash Flow | $-922M | $-708M | $-371M | $-535M | $612M | $73M | $-244M | $-1.64B | $2.75B | $-2.05B | · | · | |
| Debt Issued | · | · | · | · | $0 | $0 | $1.97B | $2.48B | $0 | $0 | $2.34B | $992M | |
| Net Debt Issued | · | · | · | · | $0 | $0 | $1.97B | $2.48B | $0 | $0 | $2.34B | $992M | |
| Stock Issued | $17M | $2M | $16M | $11M | $6M | $24M | $8M | $7M | $9M | $13M | $3M | $18M | |
| Stock Repurchased | $3.85B | $3.42B | $2.84B | $2.02B | $3.87B | $2.70B | $1.37B | $3.78B | $2.65B | $812M | $158M | $573M | |
| Net Stock Activity | $-3.83B | $-3.42B | $-2.83B | $-2.01B | $-3.86B | $-2.67B | $-1.36B | $-3.77B | $-2.64B | $-799M | $-155M | $-556M | |
| Dividends Paid | $1.27B | $1.15B | $1.02B | $908M | $815M | $727M | $657M | $678M | $308M | $243M | $190M | $116M | |
| Financing Cash Flow | $-5.72B | $-4.94B | $-4.00B | $-2.83B | $-4.58B | $-4.17B | $-624M | $-2.39B | $-3.27B | $-2.63B | · | · | |
| Net Change in Cash | $-810M | $557M | $263M | $1.81B | $-897M | $-498M | $1.26B | $-855M | $2.13B | $-2.66B | $3.54B | $49M | |
| Taxes Paid | $1.33B | $972M | $992M | $810M | $808M | $519M | $223M | $300M | $143M | $28M | $40M | $115M | |
| Free Cash Flow | $4.89B | $5.41B | $4.26B | $4.68B | $2.55B | $3.24B | $1.92B | $2.87B | $2.38B | $1.87B | $1.17B | $587M | |
| Levered FCF | · | · | · | $4.51B | $2.39B | $3.05B | $1.77B | $2.77B | $2.31B | $1.76B | $1.05B | $522M |
盈利能力
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% | 44.5% | 43.4% | |
| Operating Margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% | 18.2% | 15.0% | |
| Net Margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% | 15.5% | 12.5% | |
| Pretax Margin | 35.6% | 32.3% | 29.2% | 29.3% | 30.1% | 29.9% | 25.6% | 25.3% | 28.4% | 22.6% | 16.3% | 14.1% | |
| EBITDA Margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% | 18.2% | 15.0% | |
| ROA | 32.4% | 26.7% | 20.4% | 25.1% | 27.8% | 25.7% | 17.0% | 17.9% | 19.4% | 13.9% | 8.5% | 7.5% | |
| ROE | 64.2% | 57.4% | 46.2% | 54.3% | 74.9% | 68.6% | 46.4% | 44.0% | 35.8% | 26.7% | 16.6% | 12.9% | |
| ROIC | 44.5% | 37.0% | 27.7% | 34.7% | 76.0% | 36.5% | 21.3% | 24.2% | 27.4% | 18.8% | 10.0% | 13.7% |
流动性与偿付能力
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.6 | 2.2 | 3.0 | 3.2 | 2.7 | 3.3 | 3.4 | 3.6 | 2.9 | 3.1 | 3.8 | 2.4 | |
| Quick Ratio | 1.8 | 1.5 | 1.9 | 1.9 | 1.7 | 2.1 | 2.2 | 2.2 | 2.1 | 1.4 | 2.6 | 2.0 | |
| Debt / Equity | 0.3 | 0.5 | 0.6 | 0.6 | · | 0.8 | 1.1 | 0.9 | 0.4 | 0.4 | 0.7 | · | |
| LT Debt / Equity | 0.3 | 0.4 | 0.5 | 0.6 | · | 0.8 | 1.0 | 0.8 | 0.3 | 0.3 | 0.6 | · | |
| Interest Coverage | · | · | · | 27.8 | 29.1 | 21.5 | 15.1 | 21.0 | 33.0 | 16.2 | 8.0 | 10.7 |
效率
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 0.9 | 0.8 | 1.0 | 1.0 | 1.0 | 0.8 | 0.8 | 0.9 | 0.7 | 0.5 | 0.6 | |
| Inventory Turnover | 2.7 | 2.2 | 1.7 | 2.2 | 2.8 | 3.4 | 3.2 | 3.1 | 3.8 | 4.0 | 3.4 | 3.5 | |
| Receivables Turnover | 5.3 | 6.3 | 5.6 | 4.9 | 4.7 | 5.7 | 5.7 | 5.3 | 5.8 | 5.5 | 5.0 | 5.6 |
每股
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $9.97 | $7.77 | $65.50 | $61.59 | $45.84 | $42.30 | $35.59 | $32.36 | $41.44 | $42.16 | $36.79 | $32.19 | |
| Revenue / Share | $18.42 | $14.29 | $112.92 | $128.31 | $122.50 | $100.65 | $67.37 | $60.37 | $61.27 | $43.61 | $33.60 | $29.70 | |
| Cash Flow / Share | $4.64 | $4.78 | $35.25 | $38.13 | $22.04 | $24.69 | $14.26 | $19.86 | $14.69 | $11.04 | $7.71 | $4.44 | |
| Cash / Share | $4.46 | $5.04 | $44.85 | $40.04 | $25.71 | $31.01 | $33.82 | $25.33 | $28.76 | $14.70 | $31.46 | $9.47 | |
| Dividend / Share | $1.04 | $0.92 | $0.80 | $0.69 | $6.00 | $5.20 | $4.60 | $4.40 | $2.55 | $1.65 | $1.20 | $0.84 | |
| EPS (TTM) | $5.76 | $4.15 | $2.90 | $3.32 | $32.75 | $26.90 | $15.10 | $13.70 | $13.17 | $9.24 | $5.22 | $3.70 |
增长率
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 26.0% | 23.7% | -14.5% | 1.2% | 17.8% | 45.6% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.1% | 2.3% | 0.63% | 20.2% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.7% | 12.9% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 38.8% | 43.1% | -12.7% | -89.9% | 21.8% | 78.1% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 20.2% | -49.8% | -52.4% | -39.6% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -26.5% | -22.8% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 35.6% | 40.0% | -15.1% | -2.1% | 17.8% | 73.6% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 17.2% | 5.2% | -0.69% | 26.1% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.2% | 18.9% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 11.8% | 11.8% | · | · | · | · | · | · | · | · | · | · |
估值 (TTM)
| 指标 | 趋势 | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B | $11.08B | $8.01B | $5.89B | $5.26B | |
| Net Income TTM | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B | $2.38B | $1.70B | $914M | $656M | |
| Market Cap | $474.35B | $123.32B | $13.88B | $8.11B | $6.17B | $8.98B | $4.40B | $2.71B | $2.74B | $2.45B | $1.32B | $1.31B | |
| Enterprise Value | $472.49B | $121.40B | $13.00B | $7.74B | · | $9.53B | $5.28B | $3.48B | $597M | $2.76B | $604M | · | |
| P/E | 65.8 | 23.4 | 36.7 | 18.3 | 1.4 | 2.3 | 2.0 | 1.4 | 1.3 | 1.6 | 1.6 | 2.2 | |
| P/S | 20.4 | 6.7 | 0.9 | 0.5 | 0.4 | 0.6 | 0.4 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | |
| P/B | 38.0 | 12.5 | 1.6 | 1.0 | 1.0 | 1.5 | 0.8 | 0.6 | 0.4 | 0.4 | 0.2 | 0.3 | |
| P / Tangible Book | 44.9 | 15.3 | 2.0 | 1.3 | 1.3 | 2.0 | 1.2 | · | · | · | · | · | |
| P / Cash Flow | 81.0 | 20.0 | 3.0 | 1.6 | 2.0 | 2.5 | 2.1 | 0.9 | 1.0 | 1.2 | 1.0 | 1.7 | |
| P / FCF | 97.0 | 22.8 | 3.3 | 1.7 | 2.4 | 2.8 | 2.3 | 0.9 | 1.2 | 1.3 | 1.1 | 2.2 | |
| EV / EBITDA | 57.6 | 20.6 | 3.0 | 1.5 | · | 2.1 | 2.0 | 1.4 | 0.2 | 1.5 | 0.6 | · | |
| EV / FCF | 96.6 | 22.4 | 3.1 | 1.7 | · | 2.9 | 2.7 | 1.2 | 0.3 | 1.5 | 0.5 | · | |
| EV / Revenue | 20.3 | 6.6 | 0.9 | 0.4 | · | 0.7 | 0.5 | 0.4 | 0.1 | 0.3 | 0.1 | · | |
| Dividend Yield | 0.27% | 0.93% | 7.3% | 11.2% | 13.2% | 8.1% | 14.9% | 25.0% | 11.2% | 9.9% | 14.4% | 8.8% | |
| Earnings Yield | 1.5% | 4.3% | 2.7% | 5.5% | 72.8% | 42.7% | 49.9% | 72.9% | 75.4% | 60.9% | 63.4% | 44.6% | |
| Payout Ratio | 17.5% | 21.4% | 26.6% | 20.1% | 17.7% | 18.6% | 29.2% | 30.9% | 12.9% | 14.3% | 20.8% | 17.7% | |
| Annual Payout | $1.27B | $1.15B | $1.02B | $908M | $815M | $727M | $657M | $678M | $308M | $243M | $190M | $116M |
损益表
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.72B | $5.84B | $5.34B | $5.32B | $5.17B | $4.72B | $4.38B | $4.17B | $3.87B | $3.79B | $3.76B | $3.48B | $3.21B | $3.87B | $5.28B | $5.07B | |
| Cost of Revenue | · | · | · | · | $2.58B | $2.41B | $2.30B | $2.17B | $2.03B | $1.99B | $2.00B | $1.83B | $1.75B | $2.26B | $2.90B | $2.74B | |
| Gross Profit | $3.48B | $2.91B | $2.65B | $2.68B | $2.59B | $2.31B | $2.07B | $2.00B | $1.84B | $1.80B | $1.76B | $1.65B | $1.46B | $1.61B | $2.38B | $2.34B | |
| R&D Expense | $643M | $583M | $573M | $576M | $580M | $526M | $495M | $495M | $498M | $512M | $470M | $423M | $402M | $429M | $462M | $433M | |
| SG&A Expense | $322M | $280M | $268M | $279M | $268M | $226M | $244M | $243M | $216M | $216M | $229M | $207M | $200M | $194M | $234M | $206M | |
| Operating Expenses | $965M | $864M | $841M | $856M | $849M | $752M | $739M | $738M | $714M | $743M | $700M | $632M | $604M | $663M | $696M | $639M | |
| Operating Income | $2.51B | $2.05B | $1.81B | $1.83B | $1.74B | $1.56B | $1.33B | $1.26B | $1.13B | $1.06B | $1.06B | $1.02B | $855M | $942M | $1.68B | $1.70B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $47M | $46M | $45M | · | $47M | $47M | $46M | |
| Interest Income | $36M | $43M | $53M | $64M | $55M | $51M | $58M | $68M | $66M | $72M | $58M | $57M | $56M | $42M | $26M | $15M | |
| Other Non-op | $42M | $-35M | $26M | $30M | $38M | $-25M | $14M | $30M | $28M | $36M | $30M | $3M | $9M | $-3M | $-28M | $-43M | |
| Pretax Income | $2.56B | $2.01B | $1.84B | $1.86B | $1.78B | $1.54B | $1.35B | $1.29B | $1.15B | $1.09B | $1.09B | $1.03B | $864M | $939M | $1.65B | $1.65B | |
| Income Tax | $278M | $186M | $243M | $291M | $59M | $206M | $157M | $178M | $134M | $127M | $133M | $138M | $61M | $125M | $183M | $229M | |
| Net Income | $2.28B | $1.83B | $1.59B | $1.57B | $1.72B | $1.33B | $1.19B | $1.12B | $1.02B | $966M | $954M | $887M | $803M | $814M | $1.47B | $1.43B | |
| EPS (Basic) | $1.82 | $1.46 | $1.27 | $1.24 | $1.34 | $1.04 | $0.93 | $0.86 | $0.78 | $0.74 | $0.72 | $0.67 | $-23.92 | $6.03 | $10.80 | $10.42 | |
| EPS (Diluted) | $1.81 | $1.45 | $1.26 | $1.24 | $1.34 | $1.03 | $0.92 | $0.86 | $0.78 | $0.73 | $0.72 | $0.67 | $-23.85 | $6.01 | $10.77 | $10.39 | |
| Shares (Basic) | · | 1,249,728,000 | 1,254,856,000 | 1,264,446,000 | · | 1,283,779,000 | 1,287,109,000 | 1,299,236,000 | · | 1,308,382,000 | 1,316,293,000 | 1,325,840,000 | · | 134,924,000 | 136,018,000 | 136,891,000 | |
| Shares (Diluted) | · | 1,257,325,000 | 1,261,739,000 | 1,269,313,000 | · | 1,288,100,000 | 1,291,469,000 | 1,304,066,000 | · | 1,315,178,000 | 1,322,201,000 | 1,331,664,000 | · | 135,395,000 | 136,339,000 | 137,208,000 | |
| EBITDA | · | $2.05B | $1.81B | $1.83B | · | $1.56B | $1.33B | $1.26B | · | $1.06B | $1.06B | $1.02B | · | $942M | $1.68B | $1.70B |
资产负债表
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.58B | $4.75B | $6.18B | $6.69B | $6.39B | $5.45B | $5.67B | $6.07B | $5.85B | $5.67B | $5.62B | $5.13B | $5.34B | $5.31B | $4.48B | $4.26B | |
| Receivables | $5.34B | $4.13B | $3.49B | $3.63B | $3.38B | $3.23B | $3.30B | $2.94B | $2.52B | $2.20B | $2.71B | $2.81B | · | $3.26B | $4.07B | $4.57B | |
| Inventory | $4.28B | $4.00B | $4.04B | $4.10B | $4.31B | $4.46B | $4.36B | $4.21B | $4.22B | $4.32B | $4.43B | $4.75B | · | $4.88B | $4.82B | $4.36B | |
| Prepaid Expense | $416M | $413M | $308M | $386M | $440M | $318M | $284M | $278M | $298M | $290M | $279M | $278M | · | $216M | $231M | $306M | |
| Current Assets | $15.61B | $13.30B | $14.02B | $14.81B | $14.52B | $13.46B | $13.61B | $13.49B | $12.88B | $12.49B | $13.05B | $12.99B | · | $13.73B | $13.71B | $13.61B | |
| PP&E (Net) | $2.94B | $2.83B | $2.69B | · | $2.41B | · | · | · | $2.13B | · | · | · | · | · | · | · | |
| PP&E (Gross) | $5.42B | $5.23B | $5.02B | · | $4.58B | · | · | · | $3.99B | · | · | · | · | · | · | · | |
| Accum. Depreciation | $2.48B | $2.40B | $2.33B | · | $2.17B | · | · | · | $1.86B | · | · | · | · | · | · | · | |
| Goodwill | $1.63B | · | · | · | $1.63B | · | · | $1.60B | $1.60B | $1.63B | $1.63B | $1.63B | · | $1.62B | $1.62B | $1.51B | |
| Intangibles | $269M | · | · | · | $182M | · | · | · | $138M | $142M | $151M | $158M | · | $180M | $185M | $110M | |
| Other Non-current Assets | $3.07B | $2.76B | $2.80B | $2.76B | $2.59B | $2.34B | $2.15B | $2.07B | $1.94B | $1.84B | $1.80B | $1.65B | · | $1.61B | $1.58B | $1.51B | |
| Total Assets | $23.53B | $20.79B | $21.39B | $21.90B | $21.35B | $19.97B | $19.84B | $19.53B | $18.74B | $18.28B | $18.78B | $18.54B | · | $19.24B | $19.21B | $18.72B | |
| Accounts Payable | $1.30B | $1.07B | $1.03B | $863M | $854M | $853M | $822M | $704M | $614M | $532M | $500M | $528M | · | $602M | $919M | $1.15B | |
| Accrued Liabilities | $2.35B | $2.08B | $2.27B | $2.44B | $2.39B | $2.00B | $2.10B | $2.20B | $1.80B | $1.79B | $1.98B | $2.12B | · | $1.99B | $2.07B | $1.95B | |
| Current Liabilities | $5.94B | $5.24B | $6.21B | $6.71B | $6.57B | $5.49B | $5.35B | $5.34B | $4.34B | $4.43B | $4.27B | $4.25B | · | $4.44B | $4.55B | $5.05B | |
| Capital Leases | $297M | · | · | · | $193M | · | · | · | $223M | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $710M | $613M | $635M | $624M | $582M | $547M | $534M | $574M | $575M | $517M | $511M | $483M | · | $512M | $496M | $419M | |
| Total Liabilities | $11.06B | $10.21B | $11.25B | $11.71B | $11.48B | $10.46B | $11.03B | $11.06B | $10.21B | $10.26B | $10.56B | $10.49B | · | $10.84B | $10.90B | $11.31B | |
| Long-term Debt | $3.72B | · | · | · | $4.47B | · | · | · | $4.97B | · | · | · | · | · | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $131.0K | $131.0K | $132.0K | · | $135.0K | $135.0K | $136.0K | |
| Paid-in Capital | $9.24B | $9.05B | $8.95B | $8.79B | $8.70B | $8.53B | $8.44B | $8.30B | $8.22B | $8.08B | $8.00B | $7.88B | · | $7.68B | $7.61B | $7.49B | |
| Retained Earnings | $34.95B | $33.00B | $31.50B | $30.23B | $28.99B | $27.56B | $26.53B | $25.63B | $24.81B | $24.05B | $23.35B | $22.66B | · | $21.46B | $20.88B | $19.64B | |
| Treasury Stock | $31.60B | $31.35B | $30.20B | $28.76B | $27.76B | $26.46B | $26.02B | $25.37B | $24.37B | $23.98B | $23.00B | $22.37B | · | $20.63B | $20.07B | $19.59B | |
| AOCI | $-127M | $-121M | $-99M | $-74M | $-62M | $-124M | $-134M | $-88M | $-130M | $-128M | $-118M | $-121M | · | $-105M | $-109M | $-134M | |
| Stockholders' Equity | $12.47B | $10.58B | $10.15B | $10.19B | $9.86B | $9.51B | $8.81B | $8.47B | $8.54B | $8.02B | $8.22B | $8.05B | $8.21B | $8.41B | $8.30B | $7.41B | |
| Liabilities + Equity | $23.53B | $20.79B | $21.39B | $21.90B | $21.35B | $19.97B | $19.84B | $19.53B | $18.74B | $18.28B | $18.78B | $18.54B | · | $19.24B | $19.21B | $18.72B | |
| Shares Outstanding | 1,251,278,000 | 1,250,539,000 | 1,251,180,000 | 1,259,176,000 | 1,268,740,000 | 1,282,957,000 | 1,284,956,000 | 1,291,958,000 | 1,303,769,000 | 130,736,000 | 131,278,000 | 132,072,000 | 1,332,966,000 | 134,692,000 | 135,403,000 | 136,374,000 |
现金流
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $120M | $116M | $104M | $102M | $98M | $97M | $96M | $94M | $88M | $90M | $91M | $90M | $90M | $92M | $85M | $76M | |
| Stock-based Comp | $104M | $97M | $89M | $97M | $94M | $87M | $82M | $80M | $79M | $77M | $70M | $67M | $68M | $74M | $73M | $71M | |
| Deferred Tax | $-176M | $-19M | $-31M | $-63M | $-152M | $-20M | $-83M | $-109M | $-61M | $-25M | $-89M | $-24M | $-39M | $7M | $-7M | $-134M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | $15M | $13M | $14M | · | $14M | $12M | $12M | |
| Restructuring | · | · | · | · | · | · | · | · | $5M | $30M | $17M | $10M | · | · | · | · | |
| Operating Cash Flow | $1.46B | $1.14B | $1.48B | $1.78B | $2.55B | $1.31B | $742M | $1.57B | $862M | $1.38B | $1.45B | $951M | $1.12B | $1.73B | $1.14B | $1.19B | |
| CapEx | $189M | $332M | $261M | $185M | $172M | $288M | $188M | $111M | $101M | $104M | $115M | $77M | $79M | $119M | $163M | $140M | |
| Investing Cash Flow | $-144M | $-335M | $-258M | $-186M | $-129M | $-293M | $-175M | $-111M | $-102M | $-92M | $-102M | $-75M | $-55M | $-84M | $-267M | $-128M | |
| Stock Issued | $4M | $9M | $4M | $0 | $696.0K | $2M | $-194.0K | $-43.0K | $3M | $8M | $2M | $3M | $3M | $0 | $877.0K | $7M | |
| Stock Repurchased | $247M | $1.16B | $1.47B | $976M | $1.29B | $435M | $698M | $997M | $374M | $981M | $645M | $843M | $869M | $582M | $456M | $110M | |
| Net Stock Activity | · | · | · | $-976M | · | · | · | $-997M | · | · | · | $-840M | · | · | · | $-103M | |
| Dividends Paid | $325M | $326M | $328M | $292M | $295M | $296M | $298M | $261M | $261M | $263M | $264M | $230M | $232M | $234M | $236M | $206M | |
| Financing Cash Flow | $-480M | $-2.23B | $-1.73B | $-1.28B | $-1.51B | $-1.23B | $-935M | $-1.26B | $-574M | $-1.24B | $-860M | $-1.33B | $-1.04B | $-820M | $-662M | $-311M | |
| Net Change in Cash | $831M | $-1.43B | $-516M | $304M | $945M | $-214M | $-395M | $221M | $177M | $48M | $499M | $-461M | $31M | $820M | $229M | $734M | |
| Free Cash Flow | · | · | · | $1.59B | · | · | · | $1.46B | · | · | · | $874M | · | · | · | $1.05B | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $835M | · | · | · | $1.01B |
盈利能力
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 49.8% | 49.6% | 50.4% | · | 49.0% | 47.4% | 48.0% | · | 47.5% | 46.8% | 47.5% | · | 41.5% | 45.0% | 46.1% | |
| Operating Margin | · | 35.0% | 33.9% | 34.4% | · | 33.1% | 30.5% | 30.3% | · | 27.9% | 28.1% | 29.4% | · | 24.3% | 31.8% | 33.5% | |
| Net Margin | · | 31.2% | 29.8% | 29.5% | · | 28.2% | 27.2% | 26.8% | · | 25.5% | 25.4% | 25.5% | · | 21.0% | 27.8% | 28.1% | |
| Pretax Margin | · | 34.4% | 34.4% | 34.9% | · | 32.6% | 30.8% | 31.1% | · | 28.8% | 28.9% | 29.4% | · | 24.3% | 31.3% | 32.6% | |
| EBITDA Margin | · | 35.0% | 33.9% | 34.4% | · | 33.1% | 30.5% | 30.3% | · | 27.9% | 28.1% | 29.4% | · | 24.3% | 31.8% | 33.5% | |
| ROA | · | 9.0% | 7.7% | 7.6% | · | 7.0% | 6.2% | 5.9% | · | 5.1% | 5.0% | 4.8% | · | 4.5% | 8.2% | 8.3% | |
| ROE | · | 18.2% | 16.8% | 16.8% | · | 15.2% | 14.0% | 13.5% | · | 11.8% | 11.6% | 11.5% | · | 11.3% | 19.9% | 21.6% | |
| ROIC | · | 17.5% | 15.5% | 15.1% | · | 14.2% | 13.4% | 12.9% | · | 11.6% | 11.3% | 11.0% | · | 9.7% | 18.0% | 19.7% |
流动性与偿付能力
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 2.5 | 2.3 | 2.2 | · | 2.5 | 2.5 | 2.5 | · | 2.8 | 3.1 | 3.1 | · | 3.1 | 3.0 | 2.7 | |
| Quick Ratio | · | 1.7 | 1.6 | 1.5 | · | 1.6 | 1.7 | 1.7 | · | 1.8 | 1.9 | 1.9 | · | 1.9 | 1.9 | 1.7 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 22.4 | 22.8 | 22.6 | · | 20.0 | 36.0 | 36.9 |
效率
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.3 | 0.3 | |
| Inventory Turnover | · | · | · | · | · | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.7 | 0.8 | |
| Receivables Turnover | · | 1.6 | 1.6 | 1.6 | · | 1.7 | 1.5 | 1.5 | · | 1.4 | 1.1 | 0.9 | · | 1.1 | 1.4 | 1.3 |
每股
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $8.46 | $8.11 | $8.09 | · | $7.41 | $6.85 | $6.56 | · | $61.36 | $62.63 | $60.93 | · | $62.42 | $61.33 | $54.35 | |
| Revenue / Share | · | $4.65 | $4.24 | $4.19 | · | $3.66 | $3.39 | $3.20 | · | $28.84 | $28.42 | $26.15 | · | $28.58 | $38.71 | $36.98 | |
| Cash Flow / Share | · | · | · | $1.40 | · | · | · | $1.20 | · | · | · | $7.14 | · | · | · | $8.67 | |
| Cash / Share | · | $3.80 | $4.94 | $5.32 | · | $4.25 | $4.41 | $4.70 | · | $43.39 | $42.84 | $38.81 | · | $39.39 | $33.12 | $31.21 | |
| Dividend / Share | $0.26 | $0.26 | $0.26 | $0.26 | $0.23 | $0.23 | $0.23 | $0.23 | $0.20 | $0.20 | $0.20 | $0.20 | $-4.49 | $1.73 | $1.73 | $1.73 | |
| EPS (TTM) | · | $5.29 | $4.87 | $4.53 | · | $3.59 | $3.29 | $3.09 | · | $-21.73 | $-16.45 | $-6.40 | · | $35.91 | $37.20 | $34.87 |
估值 (TTM)
| 指标 | 趋势 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $21.68B | $20.56B | $19.59B | · | $17.14B | $16.21B | $15.59B | · | $14.24B | $14.32B | $15.84B | · | $18.86B | $19.05B | $18.00B | |
| Net Income TTM | · | $6.71B | $6.21B | $5.81B | · | $4.66B | $4.29B | $4.06B | · | $3.61B | $3.46B | $3.97B | · | $4.92B | $5.13B | $4.85B | |
| Market Cap | · | $264.38B | $222.80B | $161.59B | · | $93.16B | $94.32B | $106.86B | · | $12.70B | $10.24B | $8.18B | · | $6.76B | $5.58B | $5.19B | |
| P/E | · | 40.0 | 36.6 | 28.3 | · | 20.2 | 22.3 | 26.8 | · | -4.5 | -4.7 | -9.7 | · | 1.4 | 1.1 | 1.1 | |
| P/S | · | 12.2 | 10.8 | 8.2 | · | 5.4 | 5.8 | 6.9 | · | 0.9 | 0.7 | 0.5 | · | 0.4 | 0.3 | 0.3 | |
| P/B | · | 25.0 | 22.0 | 15.9 | · | 9.8 | 10.7 | 12.6 | · | 1.6 | 1.2 | 1.0 | · | 0.8 | 0.7 | 0.7 | |
| P / Tangible Book | · | 25.0 | 22.0 | 15.9 | · | 9.8 | 10.7 | 15.6 | · | 2.0 | 1.6 | 1.3 | · | 1.0 | 0.9 | 0.9 | |
| P / Cash Flow | · | · | · | 90.8 | · | · | · | 68.1 | · | · | · | 8.6 | · | · | · | 4.4 | |
| Dividend Yield | · | 0.47% | 0.54% | 0.73% | · | 1.2% | 1.1% | 0.98% | · | 7.8% | 9.4% | 11.4% | · | 13.1% | 15.4% | 16.1% | |
| Earnings Yield | · | 2.5% | 2.7% | 3.5% | · | 4.9% | 4.5% | 3.7% | · | -22.4% | -21.1% | -10.3% | · | 71.5% | 90.3% | 91.6% | |
| Payout Ratio | · | · | · | 18.6% | · | · | · | 23.4% | · | · | · | 26.0% | · | · | · | 14.4% | |
| Annual Payout | · | $1.24B | $1.21B | $1.18B | · | $1.12B | $1.08B | $1.05B | · | $990M | $961M | $933M | · | $884M | $860M | $835M |
最近期在左侧 · 空值显示为 ·
财务报表 损益表、资产负债表、现金流量表 — 年度，近5年
| 指标 | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 |
|---|---|---|---|---|---|
| 收入 | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B |
| 毛利率 % | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% |
| 营业利润率 % | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% |
| 净收入 | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B |
| 稀释后每股收益 (EPS) | $5.76 | $4.15 | $2.90 | $3.32 | $32.75 |
| 指标 | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 |
|---|---|---|---|---|---|
| 负债/股东权益比率 | 0.3 | 0.5 | 0.6 | 0.6 | · |
| 流动比率 | 2.6 | 2.2 | 3.0 | 3.2 | 2.7 |
| 速动比率 | 1.8 | 1.5 | 1.9 | 1.9 | 1.7 |
| 指标 | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 |
|---|---|---|---|---|---|
| 自由现金流 | $4.89B | $5.41B | $4.26B | $4.68B | $2.55B |
机构持有人 (13F) 3340 家申报者 · $482.5B 总计 · 截至 2026年9月30日
在其季度SEC表格13F中报告持有此股票的机构。仅限多头头寸；单个申报人可能因单独的期权腿而出现两次。 大的抵消性看跌/看涨腿通常反映做市或对冲库存，而非方向性判断。
持有人
3340
持有价值
$482.5B
新仓位
609
已退出持仓
87
机构活动 — Q2 2026 与上一季度对比
| 新仓位 | 已退出持仓 | 增加 | 减少 | 净股数变动 |
|---|---|---|---|---|
| 609 (+167 与上一季度对比) | 87 (-18 与上一季度对比) | 1091 (+207 与上一季度对比) | 1175 (+73 与上一季度对比) | +70.6M |
与Q1 2026对比。 SEC 13F表格的提交截止日期是季度末后45天，外加少量延迟提交的缓冲期——在此窗口期内的季度将被跳过，优先显示最近一个已完整报告的季度对。
| 机构 | 价值 | 股份 | % 已追踪的13F | 类型 |
|---|---|---|---|---|
| BlackRock, Inc. | $57514926951 | 132727776 | 11.92% | 股份 |
| VANGUARD CAPITAL MANAGEMENT LLC | $35395971288 | 81683639 | 7.34% | 股份 |
| STATE STREET CORP | $26320467878 | 60704130 | 5.45% | 股份 |
| Invesco Ltd. | $22671814148 | 52319973 | 4.70% | 股份 |
| VANGUARD GROUP INC | $22456304790 | 131185330 | 4.65% | 股份 |
| JPMORGAN CHASE & CO | $18621406094 | 45317479 | 3.86% | 股份 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $15875275948 | 36635534 | 3.29% | 股份 |
| GEODE CAPITAL MANAGEMENT, LLC | $14923007951 | 34506240 | 3.09% | 股份 |
| FMR LLC | $14593625918 | 33677858 | 3.02% | 股份 |
| MORGAN STANLEY | $8327645100 | 19217787 | 1.73% | 股份 |
| NORGES BANK | $7853412489 | 18123399 | 1.63% | 股份 |
| AMERIPRISE FINANCIAL INC | $7508612263 | 17334906 | 1.56% | 股份 |
| NORTHERN TRUST CORP | $6072899385 | 14014491 | 1.26% | 股份 |
| FRANKLIN RESOURCES INC | $5661724652 | 13065549 | 1.17% | 股份 |
| GOLDMAN SACHS GROUP INC | $5513858421 | 12724387 | 1.14% | 股份 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5316611569 | 12269198 | 1.10% | 股份 |
| BANK OF AMERICA CORP /DE/ | $4872426062 | 11244147 | 1.01% | 股份 |
| VAN ECK ASSOCIATES CORP | $4805367536 | 11089395 | 1.00% | 股份 |
| Legal & General Group Plc | $4495101951 | 10373392 | 0.93% | 股份 |
| COATUE MANAGEMENT LLC | $4091329827 | 9441603 | 0.85% | 股份 |
| Amundi | $4084638886 | 9426153 | 0.85% | 股份 |
| Nuveen, LLC | $3998326822 | 9226979 | 0.83% | 股份 |
| Bank of New York Mellon Corp | $3777584866 | 8717571 | 0.78% | 股份 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3410957095 | 7871500 | 0.71% | 卖出期权 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3336152204 | 7698872 | 0.69% | 股份 |
| UBS Group AG | $3331562806 | 7688281 | 0.69% | 股份 |
| WELLS FARGO & COMPANY/MN | $3169155743 | 7313492 | 0.66% | 股份 |
| VANGUARD FIDUCIARY TRUST CO | $3114038079 | 7186297 | 0.65% | 股份 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2868175259 | 13424016 | 0.59% | 股份 |
| JANE STREET GROUP, LLC | $2652716261 | 6121700 | 0.55% | 卖出期权 |
| DIMENSIONAL FUND ADVISORS LP | $2579975512 | 5956458 | 0.53% | 股份 |
| BARCLAYS PLC | $2498054285 | 5764785 | 0.52% | 股份 |
| Grantham, Mayo, Van Otterloo & Co. LLC | $2368030518 | 5464726 | 0.49% | 股份 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2350598585 | 5424500 | 0.49% | 买入期权 |
| NORDEA INVESTMENT MANAGEMENT AB | $2144525632 | 4966479 | 0.44% | 股份 |
| Swedbank AB | $2014744001 | 4649445 | 0.42% | 股份 |
| JANUS HENDERSON GROUP PLC | $1975244413 | 9265026 | 0.41% | 股份 |
| DEUTSCHE BANK AG\ | $1902715198 | 4390915 | 0.39% | 股份 |
| CITIGROUP INC | $1824371995 | 4210122 | 0.38% | 股份 |
| CITADEL ADVISORS LLC | $1777302995 | 4101500 | 0.37% | 卖出期权 |
| HSBC HOLDINGS PLC | $1728843049 | 3992454 | 0.36% | 股份 |
| VOYA INVESTMENT MANAGEMENT LLC | $1645197541 | 3800281 | 0.34% | 股份 |
| California Public Employees Retirement System | $1581026605 | 3648551 | 0.33% | 股份 |
| FIRST TRUST ADVISORS LP | $1567553218 | 3617460 | 0.32% | 股份 |
| CANADA PENSION PLAN INVESTMENT BOARD | $1542317669 | 3559222 | 0.32% | 股份 |
| JENNISON ASSOCIATES LLC | $1528113087 | 3526442 | 0.32% | 股份 |
| Swiss National Bank | $1526188260 | 3522000 | 0.32% | 股份 |
| CITADEL ADVISORS LLC | $1519384979 | 3506300 | 0.31% | 买入期权 |
| AQR CAPITAL MANAGEMENT LLC | $1510312357 | 3485364 | 0.31% | 股份 |
| AMERICAN CENTURY COMPANIES INC | $1493971371 | 3447645 | 0.31% | 股份 |
公司内部人士 54 位内幕人士 · 20 位高管 · 26 位董事
| 内部人士 | 角色 | 上次活动 | 持股数量 | 买入 12个月 | 卖出 12个月 | 净额 12个月 |
|---|---|---|---|---|---|---|
| Timothy Archer | President and CEO | 2026年9月9日 M | 1075966 | 0 | 5 | $-57036438 |
| Martin B Anstice | Chief Executive Officer | 2018年5月22日 M | 129259 | 0 | 0 | $0 |
| Douglas R Bettinger | Chief Financial Officer & EVP | 2026年3月4日 M | 1081705 | 0 | 3 | $-26534860 |
| Ernest E Maddock | Chief Financial Officer | 2013年3月4日 F | 55365 | 0 | 0 | $0 |
| Mercedes Johnson | Chief Financial Officer | 2003年11月12日 M | 14074 | 0 | 0 | $0 |
| Seshasayee Varadarajan | Senior Vice President | 2026年9月2日 M | 205546 | 0 | 3 | $-17406370 |
| Ava Harter | Chief Legal Officer | 2026年8月31日 S | 42462 | 0 | 6 | $-5749612 |
| Neil J Fernandes | Senior Vice President | 2026年6月1日 S | 58470 | 0 | 2 | $-7007120 |
| Christina Corrreia | CVP , Chief Accounting Officer | 2026年2月27日 A | 57168 | 0 | 0 | $0 |
| Vahid Vahedi | Senior Vice President | 2026年2月27日 A | 276896 | 0 | 1 | $-7249191 |
| George M Schisler | Chief Legal Officer | 2024年5月3日 S | 5661 | 0 | 0 | $0 |
| Ava Hahn | Chief Legal Officer & SVP | 2024年1月3日 M | 3433 | 0 | 0 | $0 |
| Scott Gerald Meikle | Senior Vice President | 2023年3月1日 F | 22954 | 0 | 0 | $0 |
| Richard A Gottscho | Executive Vice President & CTO | 2023年3月1日 F | 30398 | 0 | 0 | $0 |
| Sarah A O'Dowd | Chief Legal Officer & SVP | 2019年12月19日 S | 32084 | 0 | 0 | $0 |
| Masayuki Morita | Vice President | 2012年3月30日 F | 22990 | 0 | 0 | $0 |
| Mukund Srinivasan | Vice President | 2012年1月5日 F | 28864 | 0 | 0 | $0 |
| James W Bagley | Executive Chairman | 2011年3月8日 S | 142000 | 0 | 0 | $0 |
| Jeffrey Marks | Vice President | 2010年8月25日 F | 61722 | 0 | 0 | $0 |
| Steven Lindsay | Vice President | 2005年2月15日 M | 3058 | 0 | 0 | $0 |
| Bethany Mayer | 董事 | 2026年9月9日 S | 20995 | 0 | 3 | $-3220423 |
| Abhijit Y Talwalkar | 董事 | 2026年7月13日 S | 87142 | 0 | 1 | $-6124470 |
| Eric Brandt | 董事 | 2026年6月11日 S | 199205 | 0 | 45 | $-47025853 |
| Anirudh Devgan | 董事 | 2026年2月6日 A | 1141 | 0 | 0 | $0 |
| Ho Kyu Kang | 董事 | 2025年11月7日 A | 9664 | 0 | 0 | $0 |
| Jyoti Mehra | 董事 | 2025年11月7日 A | 18475 | 0 | 0 | $0 |
| Sohail U Ahmed | 董事 | 2025年11月7日 A | 1635 | 0 | 0 | $0 |
| John M. Dineen | 董事 | 2025年11月7日 A | 9135 | 0 | 0 | $0 |
| Ita M Brennan | 董事 | 2025年11月7日 A | 5342 | 0 | 0 | $0 |
| Michael R Cannon | 董事 | 2025年11月7日 A | 191375 | 0 | 0 | $0 |
| Mark Fields | 董事 | 2025年11月7日 A | 5322 | 0 | 0 | $0 |
| Lih-Shyng (Rick) L. Tsai | 董事 | 2023年11月10日 A | 7459 | 0 | 0 | $0 |
| Leslie F Varon | 董事 | 2023年11月10日 A | 2834 | 0 | 0 | $0 |
| Catherine P Lego | 董事 | 2022年4月26日 P | 49991 | 0 | 0 | $0 |
| Youssef A El Mansy | 董事 | 2020年2月6日 S | 19286 | 0 | 0 | $0 |
| Christine Heckart | 董事 | 2019年2月1日 S | 2310 | 0 | 0 | $0 |
| Stephen G Newberry | 董事 | 2018年11月9日 A | 9847 | 0 | 0 | $0 |
| Young Bum Koh | 董事 | 2017年11月10日 A | 1960 | 0 | 0 | $0 |
| Krishna Saraswat | 董事 | 2015年11月6日 A | 23896 | 0 | 0 | $0 |
| William Spivey | 董事 | 2014年11月7日 A | 60016 | 0 | 0 | $0 |
| Grant M Inman | 董事 | 2014年11月7日 A | 87638 | 0 | 0 | $0 |
| Delbert Whitaker | 董事 | 2012年6月4日 A | 24320 | 0 | 0 | $0 |
| Kim Perdikou | 董事 | 2012年2月3日 A | 8910 | 0 | 0 | $0 |
| Robert M Berdahl | 董事 | 2012年2月3日 A | 11570 | 0 | 0 | $0 |
| Richard J Elkus JR | 董事 | 2010年3月11日 M | 59368 | 0 | 0 | $0 |
| Jack Raymond Harris | 董事 | 2009年12月2日 M | 33578 | 0 | 0 | $0 |
| Patrick J Lord | · | 2026年2月27日 F | 98848 | 0 | 0 | $0 |
| Kevin Jennings | · | 2020年7月10日 M | 4899 | 0 | 0 | $0 |
| David G Arscott | · | 2011年1月31日 A | 63933 | 0 | 0 | $0 |
| Thomas J Bondur | · | 2010年12月14日 M | 34505 | 0 | 0 | $0 |
| Patricia S Wolpert | · | 2010年2月1日 A | 24498 | 0 | 0 | $0 |
| Abdi Hariri | · | 2009年2月26日 A | 18616 | 0 | 0 | $0 |
| Seiichi Watanabe | · | 2009年2月2日 A | 14513 | 0 | 0 | $0 |
| Nicolas J Bright | · | 2006年5月3日 M | 120 | 0 | 0 | $0 |
来自SEC表格3/4/5申报的内部人士；净额=仅公开市场买卖
ETF持仓 由 233 只交易所交易基金持有
权重仅反映直接股权持仓（N-PORT）；杠杆基金或基于衍生品的基金可能持有未显示的额外掉期敞口。
| 基金 | 权重 | 单位 | 截至 | 来源 |
|---|---|---|---|---|
| BULD · Pacer Funds Trust | 7.08% | 3589 NS | 2026年7月31日 | N-PORT |
| SEMI · Columbia ETF Trust I | 6.61% | 8487 NS | 2026年7月31日 | N-PORT |
| SUPP · TCW ETF Trust | 5.62% | 2290 NS | 2026年7月31日 | N-PORT |
| CHPY · Tidal Trust II | 5.21% | 181645 NS | 2026年7月31日 | N-PORT |
| CARK · Advisors' Inner Circle Fund II | 4.90% | 53416 NS | 2026年7月31日 | N-PORT |
| PSI · Invesco Exchange-Traded Fund Trust | 4.70% | 413196 SH | 2026年10月2日 | 每日 |
| SPHQ · Invesco Exchange-Traded Fund Trust | 4.61% | 2553245 SH | 2026年10月2日 | 每日 |
| BDIV · ETF Series Solutions | 4.46% | 1016 NS | 2026年7月31日 | N-PORT |
| SOXY · Tidal Trust II | 4.41% | 9623 NS | 2026年7月31日 | N-PORT |
| ULTY · Tidal Trust II | 4.27% | 108000 NS | 2026年7月31日 | N-PORT |
| JHAI · Janus Detroit Street Trust | 4.21% | 3353 NS | 2026年7月31日 | N-PORT |
| SOXX · iShares Trust | 4.17% | 6069939 SH | 2026年9月11日 | 每日 |
| TEC · Harbor ETF Trust | 4.13% | 896 NS | 2026年7月31日 | N-PORT |
| SOXQ · Invesco Exchange-Traded Fund Trus... | 4.06% | 386268 SH | 2026年10月2日 | 每日 |
| GARP · iShares Trust | 4.02% | 412710 SH | 2026年9月11日 | 每日 |
| QQQG · Pacer Funds Trust | 3.65% | 2537 NS | 2026年7月31日 | N-PORT |
| QUAL · iShares Trust | 3.59% | 5612227 SH | 2026年9月11日 | 每日 |
| QUSA · Tidal Trust III | 3.53% | 2582 NS | 2026年7月31日 | N-PORT |
| FMTM · EA Series Trust | 3.44% | 29580 NS | 2026年7月31日 | N-PORT |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 3.26% | 65 NS | 2026年7月31日 | N-PORT |
| QFLR · Innovator ETFs Trust | 3.17% | 56804 NS | 2026年7月31日 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trus... | 3.08% | 2105519 SH | 2026年10月2日 | 每日 |
| PEXL · Pacer Funds Trust | 3.01% | 5195 NS | 2026年7月31日 | N-PORT |
| RDVI · First Trust Exchange-Traded Fund IV | 2.99% | 366832 NS | 2026年7月31日 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund ... | 2.92% | 2985 NS | 2026年7月31日 | N-PORT |
| SOXL · Direxion Shares ETF Trust | 2.90% | 1926470 NS | 2026年7月31日 | N-PORT |
| NRSH · Tidal Trust I | 2.90% | 2968 NS | 2026年7月31日 | N-PORT |
| COWG · Pacer Funds Trust | 2.71% | 204426 NS | 2026年7月31日 | N-PORT |
| VEGN · ETF Series Solutions | 2.70% | 16342 NS | 2026年7月31日 | N-PORT |
| IETC · iShares U.S. ETF Trust | 2.66% | 61365 SH | 2026年9月11日 | 每日 |
| QDF · FlexShares Trust | 2.57% | 194423 NS | 2026年7月31日 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 2.56% | 45916 NS | 2026年7月31日 | N-PORT |
| AGRW · ALLSPRING EXCHANGE-TRADED FUNDS T... | 2.51% | 9650 NS | 2026年7月31日 | N-PORT |
| CBLS · Elevation Series Trust | 2.50% | 4745 NS | 2026年7月31日 | N-PORT |
| CBSE · Elevation Series Trust | 2.50% | 4407 NS | 2026年7月31日 | N-PORT |
| ESLG · Strategy Shares | 2.44% | 1937 NS | 2026年7月31日 | N-PORT |
| NULG · Nushares ETF Trust | 2.38% | 216301 NS | 2026年7月31日 | N-PORT |
| PALC · Pacer Funds Trust | 2.37% | 17028 NS | 2026年7月31日 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 2.36% | 7065086 SH | 2026年8月19日 | 每日 |
| MTUM · iShares Trust | 2.31% | 1887854 SH | 2026年9月11日 | 每日 |
| AMOM · Exchange Listed Funds Trust | 2.24% | 1827 NS | 2026年7月31日 | N-PORT |
| LCOW · Pacer Funds Trust | 2.24% | 1977 NS | 2026年7月31日 | N-PORT |
| QTOP · iShares Trust | 2.21% | 20980 SH | 2026年9月11日 | 每日 |
| DUHP · Dimensional ETF Trust | 2.14% | 898012 NS | 2026年7月31日 | N-PORT |
| VGT · VANGUARD WORLD FUND | 2.14% | 8400891 SH | 2026年8月19日 | 每日 |
| ELCV · Strategy Shares | 2.07% | 17714 NS | 2026年7月31日 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 1.97% | 112656 SH | 2026年10月2日 | 每日 |
| FMAG · FIDELITY COVINGTON TRUST | 1.93% | 16209 NS | 2026年7月31日 | N-PORT |
| MGK · VANGUARD WORLD FUND | 1.91% | 1476367 SH | 2026年8月19日 | 每日 |
| THNQ · EXCHANGE TRADED CONCEPTS TRUST | 1.86% | 26386 NS | 2026年7月31日 | N-PORT |
| IYW · iShares Trust | 1.85% | 1548872 SH | 2026年9月11日 | 每日 |
| VFQY · VANGUARD WELLINGTON FUND | 1.83% | 20067 SH | 2026年8月19日 | 每日 |
| QQQM · Invesco Exchange-Traded Fund Trus... | 1.78% | 5757052 SH | 2026年10月2日 | 每日 |
| QQQ · Invesco QQQ Trust, Series 1 | 1.78% | 26208642 SH | 2026年10月2日 | 每日 |
| TECL · Direxion Shares ETF Trust | 1.75% | 305515 NS | 2026年7月31日 | N-PORT |
| QYLD · Global X Funds | 1.71% | 471555 NS | 2026年7月31日 | N-PORT |
| SPHB · Invesco Exchange-Traded Fund Trus... | 1.70% | 48099 SH | 2026年10月2日 | 每日 |
| QRMI · Global X Funds | 1.70% | 828 NS | 2026年7月31日 | N-PORT |
| QYLG · Global X Funds | 1.69% | 9150 NS | 2026年7月31日 | N-PORT |
| PTNQ · Pacer Funds Trust | 1.68% | 68380 NS | 2026年7月31日 | N-PORT |
| QQWZ · Pacer Funds Trust | 1.67% | 2902 NS | 2026年7月31日 | N-PORT |
| IGM · iShares Trust | 1.66% | 590167 SH | 2026年9月11日 | 每日 |
| LRND · New York Life Investments ETF Trust | 1.65% | 22454 NS | 2026年7月31日 | N-PORT |
| QTR · Global X Funds | 1.63% | 424 NS | 2026年7月31日 | N-PORT |
| VONG · VANGUARD SCOTTSDALE FUNDS | 1.60% | 1978449 SH | 2026年8月19日 | 每日 |
| QCLR · Global X Funds | 1.59% | 180 NS | 2026年7月31日 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 1.58% | 48839 NS | 2026年7月31日 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 1.57% | 35650 SH | 2026年10月2日 | 每日 |
| OMFL · Invesco Exchange-Traded Self-Inde... | 1.55% | 214236 SH | 2026年10月2日 | 每日 |
| FTEC · FIDELITY COVINGTON TRUST | 1.54% | 1045131 NS | 2026年7月31日 | N-PORT |
| QSIX · Pacer Funds Trust | 1.54% | 966 NS | 2026年7月31日 | N-PORT |
| EGUS · iShares Trust | 1.54% | 1426 SH | 2026年9月11日 | 每日 |
| DYNF · BlackRock ETF Trust | 1.53% | 2132380 SH | 2026年9月11日 | 每日 |
| VOOG · VANGUARD ADMIRAL FUNDS | 1.53% | 929248 SH | 2026年8月19日 | 每日 |
| PDP · Invesco Exchange-Traded Fund Trust | 1.52% | 66180 SH | 2026年10月2日 | 每日 |
| USXF · iShares Trust | 1.50% | 74292 SH | 2026年9月11日 | 每日 |
| VUG · VANGUARD INDEX FUNDS | 1.50% | 13183837 SH | 2026年8月19日 | 每日 |
| PWB · Invesco Exchange-Traded Fund Trust | 1.47% | 117833 SH | 2026年10月2日 | 每日 |
| NULC · Nushares ETF Trust | 1.47% | 3531 NS | 2026年7月31日 | N-PORT |
| ALRG · ALLSPRING EXCHANGE-TRADED FUNDS T... | 1.44% | 410 NS | 2026年7月31日 | N-PORT |
| ALTL · Pacer Funds Trust | 1.41% | 4421 NS | 2026年7月31日 | N-PORT |
| AQLT · iShares Trust | 1.39% | 15171 SH | 2026年9月11日 | 每日 |
| RSPT · Invesco Exchange-Traded Fund Trust | 1.38% | 251409 SH | 2026年10月2日 | 每日 |
| QDEF · FlexShares Trust | 1.36% | 25338 NS | 2026年7月31日 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 1.36% | 13151 SH | 2026年8月19日 | 每日 |
| IXN · iShares Trust | 1.36% | 426494 SH | 2026年9月11日 | 每日 |
| FQAL · FIDELITY COVINGTON TRUST | 1.31% | 63337 NS | 2026年7月31日 | N-PORT |
| IWY · iShares Trust | 1.31% | 686642 SH | 2026年9月11日 | 每日 |
| HAPI · Harbor ETF Trust | 1.27% | 21181 NS | 2026年7月31日 | N-PORT |
| TYLG · Global X Funds | 1.19% | 583 NS | 2026年7月31日 | N-PORT |
| ILCG · iShares Trust | 1.17% | 122285 SH | 2026年9月11日 | 每日 |
| IQSU · New York Life Investments ETF Trust | 1.17% | 13044 NS | 2026年7月31日 | N-PORT |
| JOYT · J.P. Morgan Exchange-Traded Fund ... | 1.15% | 3823 NS | 2026年7月31日 | N-PORT |
| GURU · Global X Funds | 1.15% | 2401 NS | 2026年7月31日 | N-PORT |
| ESUM · Strategy Shares | 1.15% | 7118 NS | 2026年7月31日 | N-PORT |
| IWF · iShares Trust | 1.13% | 4697186 SH | 2026年9月11日 | 每日 |
| FXL · First Trust Exchange-Traded Alpha... | 1.12% | 98130 NS | 2026年7月31日 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 1.10% | 89171 SH | 2026年10月2日 | 每日 |
| SUSL · iShares Trust | 1.09% | 44137 SH | 2026年9月11日 | 每日 |
| DECO · SSGA Active Trust | 1.09% | 764 NS | 2026年7月31日 | N-PORT |
| HECO · SSGA Active Trust | 1.07% | 2999 NS | 2026年7月31日 | N-PORT |
| DSI · iShares Trust | 1.05% | 191137 SH | 2026年9月11日 | 每日 |
| IVW · iShares Trust | 1.05% | 2667175 SH | 2026年9月11日 | 每日 |
| JVAL · J.P. Morgan Exchange-Traded Fund ... | 1.04% | 29697 NS | 2026年7月31日 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund ... | 1.04% | 292480 NS | 2026年7月31日 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund ... | 1.04% | 163930 NS | 2026年7月31日 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund ... | 1.03% | 87601 NS | 2026年7月31日 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 1.02% | 47175 SH | 2026年8月19日 | 每日 |
| MGC · VANGUARD WORLD FUND | 1.02% | 250014 SH | 2026年8月19日 | 每日 |
| HQGO · Lattice Strategies Trust | 1.02% | 1708 NS | 2026年7月31日 | N-PORT |
| XLG · Invesco Exchange-Traded Fund Trust | 1.01% | 346024 SH | 2026年10月2日 | 每日 |
| IUSG · iShares Trust | 1.00% | 1101060 SH | 2026年9月11日 | 每日 |
| ROUS · Lattice Strategies Trust | 0.99% | 23857 NS | 2026年7月31日 | N-PORT |
| SPTE · SP Funds Trust | 0.99% | 7109 NS | 2026年7月31日 | N-PORT |
| INFO · Harbor ETF Trust | 0.96% | 27620 NS | 2026年7月31日 | N-PORT |
| PEVC · Pacer Funds Trust | 0.95% | 78 NS | 2026年7月31日 | N-PORT |
| HIBL · Direxion Shares ETF Trust | 0.95% | 2429 NS | 2026年7月31日 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.94% | 42721 NS | 2026年7月31日 | N-PORT |
| MPLY · Strategy Shares | 0.93% | 506 NS | 2026年7月31日 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.93% | 282577 SH | 2026年8月19日 | 每日 |
| SUSA · iShares Trust | 0.92% | 124285 SH | 2026年9月11日 | 每日 |
| GLBL · Pacer Funds Trust | 0.87% | 33 NS | 2026年7月31日 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.87% | 4503 NS | 2026年7月31日 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.86% | 1446 NS | 2026年7月31日 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0.86% | 1460538 SH | 2026年8月19日 | 每日 |
| JOET · Virtus ETF Trust II | 0.86% | 7122 NS | 2026年7月31日 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.84% | 32486445 SH | 2026年8月19日 | 每日 |
| ESLV · Strategy Shares | 0.83% | 402 NS | 2026年7月31日 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.82% | 18205 NS | 2026年7月31日 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0.81% | 8030 NS | 2026年7月31日 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.80% | 5985 NS | 2026年7月31日 | N-PORT |
| QLC · FlexShares Trust | 0.80% | 27776 NS | 2026年7月31日 | N-PORT |
| JDIV · J.P. Morgan Exchange-Traded Fund ... | 0.79% | 349 NS | 2026年7月31日 | N-PORT |
| TEKX · SSGA Active Trust | 0.79% | 429 NS | 2026年7月31日 | N-PORT |
| OEF · iShares Trust | 0.78% | 528690 SH | 2026年9月11日 | 每日 |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.78% | 206631 SH | 2026年8月19日 | 每日 |
| LRGF · iShares Trust | 0.76% | 93190 SH | 2026年9月11日 | 每日 |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.75% | 105232 SH | 2026年8月19日 | 每日 |
| VTI · VANGUARD INDEX FUNDS | 0.74% | 39708147 SH | 2026年8月19日 | 每日 |
| RECS · Columbia ETF Trust I | 0.74% | 147080 NS | 2026年7月31日 | N-PORT |
| OEI · Listed Funds Trust | 0.74% | 1164 NS | 2026年7月31日 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trus... | 0.70% | 34560 SH | 2026年10月2日 | 每日 |
| ADME · ETF Series Solutions | 0.70% | 7048 NS | 2026年7月31日 | N-PORT |
| ACIO · ETF Series Solutions | 0.70% | 56530 NS | 2026年7月31日 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.70% | 571 NS | 2026年7月31日 | N-PORT |
| ESGU · iShares Trust | 0.70% | 419057 SH | 2026年9月11日 | 每日 |
| TOPC · iShares Trust | 0.69% | 761 SH | 2026年9月11日 | 每日 |
| HDUS · Lattice Strategies Trust | 0.68% | 4745 NS | 2026年7月31日 | N-PORT |
| FHEQ · Fidelity Greenwood Street Trust | 0.67% | 21284 NS | 2026年7月31日 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.67% | 10820 SH | 2026年8月19日 | 每日 |
| WINN · Harbor ETF Trust | 0.66% | 25486 NS | 2026年7月31日 | N-PORT |
| IWL · iShares Trust | 0.66% | 48557 SH | 2026年9月11日 | 每日 |
| GLOF · iShares Trust | 0.66% | 4416 SH | 2026年9月11日 | 每日 |
| PBP · Invesco Exchange-Traded Fund Trust | 0.65% | 7443 SH | 2026年10月2日 | 每日 |
| FCPI · FIDELITY COVINGTON TRUST | 0.65% | 6029 NS | 2026年7月31日 | N-PORT |
| NUGO · Nushares ETF Trust | 0.65% | 54150 NS | 2026年7月31日 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trus... | 0.64% | 216513 SH | 2026年10月2日 | 每日 |
| XVV · iShares Trust | 0.64% | 14390 SH | 2026年9月11日 | 每日 |
| IIGD · Invesco Exchange-Traded Self-Inde... | 0.61% | 165000 | 2026年10月2日 | 每日 |
| CATH · Global X Funds | 0.60% | 26611 NS | 2026年7月31日 | N-PORT |
| ESMV · iShares Trust | 0.60% | 155 SH | 2026年9月11日 | 每日 |
| WRND · New York Life Investments ETF Trust | 0.59% | 209 NS | 2026年7月31日 | N-PORT |
| XRMI · Global X Funds | 0.58% | 981 NS | 2026年7月31日 | N-PORT |
| XYLD · Global X Funds | 0.58% | 63647 NS | 2026年7月31日 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund ... | 0.57% | 173095 NS | 2026年7月31日 | N-PORT |
| PTLC · Pacer Funds Trust | 0.57% | 63407 NS | 2026年7月31日 | N-PORT |
| IVV · iShares Trust | 0.57% | 15762670 SH | 2026年9月11日 | 每日 |
| XYLG · Global X Funds | 0.57% | 1242 NS | 2026年7月31日 | N-PORT |
| VOTE · TCW ETF Trust | 0.57% | 21230 NS | 2026年7月31日 | N-PORT |
| CHRI · Global X Funds | 0.57% | 154 NS | 2026年7月31日 | N-PORT |
| ILCB · iShares Trust | 0.56% | 24387 SH | 2026年9月11日 | 每日 |
| BKLC · BNY Mellon ETF Trust | 0.56% | 105151 NS | 2026年7月31日 | N-PORT |
| XTR · Global X Funds | 0.56% | 92 NS | 2026年7月31日 | N-PORT |
| TOV · EA Series Trust | 0.56% | 5085 NS | 2026年7月31日 | N-PORT |
| XCLR · Global X Funds | 0.56% | 68 NS | 2026年7月31日 | N-PORT |
| PHDG · Invesco Actively Managed Exchange... | 0.54% | 986 SH | 2026年10月2日 | 每日 |
| DFUS · Dimensional ETF Trust | 0.53% | 378914 NS | 2026年7月31日 | N-PORT |
| IYY · iShares Trust | 0.53% | 53638 SH | 2026年9月11日 | 每日 |
| IWB · iShares Trust | 0.53% | 865121 SH | 2026年9月11日 | 每日 |
| VOXP · Advisors Series Trust | 0.53% | 105 NS | 2026年7月31日 | N-PORT |
| FTC · First Trust Exchange-Traded Alpha... | 0.53% | 23725 NS | 2026年7月31日 | N-PORT |
| TRFM · ETF Series Solutions | 0.53% | 4452 NS | 2026年7月31日 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.52% | 4718 NS | 2026年7月31日 | N-PORT |
| USCL · iShares Trust | 0.52% | 49641 SH | 2026年9月11日 | 每日 |
| QDPL · Pacer Funds Trust | 0.52% | 30103 NS | 2026年7月31日 | N-PORT |
| IWV · iShares Trust | 0.51% | 344798 SH | 2026年9月11日 | 每日 |
| ITOT · iShares Trust | 0.51% | 1628138 SH | 2026年9月11日 | 每日 |
| FBCG · FIDELITY COVINGTON TRUST | 0.49% | 116306 NS | 2026年7月31日 | N-PORT |
| FEUS · FlexShares Trust | 0.47% | 1815 NS | 2026年7月31日 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY IND... | 0.46% | 1046484 SH | 2026年8月19日 | 每日 |
| HCMT · Direxion Shares ETF Trust | 0.45% | 8699 NS | 2026年7月31日 | N-PORT |
| TOK · iShares Trust | 0.43% | 3460 SH | 2026年9月11日 | 每日 |
| SPXL · Direxion Shares ETF Trust | 0.43% | 97770 NS | 2026年7月31日 | N-PORT |
| DFVX · Dimensional ETF Trust | 0.42% | 7567 NS | 2026年7月31日 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.42% | 178096 NS | 2026年7月31日 | N-PORT |
| URTH · iShares, Inc. | 0.41% | 112174 SH | 2026年9月11日 | 每日 |
| DFSU · Dimensional ETF Trust | 0.39% | 30426 NS | 2026年7月31日 | N-PORT |
| TILT · FlexShares Trust | 0.37% | 27966 NS | 2026年7月31日 | N-PORT |
| LGDX · Tidal Trust III | 0.37% | 1806 NS | 2026年7月31日 | N-PORT |
| CRBN · iShares Trust | 0.36% | 14281 SH | 2026年9月11日 | 每日 |
| ACWI · iShares Trust | 0.36% | 397898 SH | 2026年9月11日 | 每日 |
| DCOR · Dimensional ETF Trust | 0.34% | 39132 NS | 2026年7月31日 | N-PORT |
| PWS · Pacer Funds Trust | 0.32% | 260 NS | 2026年7月31日 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund ... | 0.32% | 4921 NS | 2026年7月31日 | N-PORT |
| FAD · First Trust Exchange-Traded Alpha... | 0.26% | 5157 NS | 2026年7月31日 | N-PORT |
| DGRO · iShares Trust | 0.26% | 374311 SH | 2026年9月11日 | 每日 |
| PRF · Invesco Exchange-Traded Fund Trust | 0.26% | 74517 SH | 2026年10月2日 | 每日 |
| FEX · First Trust Exchange-Traded Alpha... | 0.24% | 13007 NS | 2026年7月31日 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Inde... | 0.23% | 6557 SH | 2026年10月2日 | 每日 |
| BSCT · Invesco Exchange-Traded Self-Inde... | 0.23% | 6888000 | 2026年10月2日 | 每日 |
| RSP · Invesco Exchange-Traded Fund Trust | 0.22% | 617836 SH | 2026年10月2日 | 每日 |
| JFLI · J.P. Morgan Exchange-Traded Fund ... | 0.22% | 351 NS | 2026年7月31日 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.20% | 323049 NS | 2026年7月31日 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 12704 SH | 2026年9月11日 | 每日 |
| SIZE · iShares Trust | 0.19% | 2718 SH | 2026年9月11日 | 每日 |
| BSCU · Invesco Exchange-Traded Self-Inde... | 0.18% | 5589000 | 2026年10月1日 | 每日 |
| PFIG · Invesco Exchange-Traded Fund Trus... | 0.18% | 254000 | 2026年10月2日 | 每日 |
| FFLG · FIDELITY COVINGTON TRUST | 0.17% | 3374 NS | 2026年7月31日 | N-PORT |
| FFLC · FIDELITY COVINGTON TRUST | 0.16% | 6504 NS | 2026年7月31日 | N-PORT |
| USMV · iShares Trust | 0.14% | 112056 SH | 2026年9月11日 | 每日 |
| RWL · Invesco Exchange-Traded Fund Trus... | 0.13% | 36633 SH | 2026年10月2日 | 每日 |
| LQAI · Exchange Listed Funds Trust | 0.12% | 9 NS | 2026年7月31日 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trus... | 0.07% | 1697 SH | 2026年10月2日 | 每日 |
| DXUV · Dimensional ETF Trust | 0.06% | 1140 NS | 2026年7月31日 | N-PORT |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | 2026年7月15日 | 每日 |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | 2026年7月15日 | 每日 |
| BND · VANGUARD BOND INDEX FUNDS | · | · | 2026年7月15日 | 每日 |
| VPLS · VANGUARD MALVERN FUNDS | · | · | 2026年7月15日 | 每日 |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | 2026年7月15日 | 每日 |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | 2026年7月15日 | 每日 |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | 2026年7月30日 | 每日 |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | 2026年7月30日 | 每日 |
| VCEB · VANGUARD WORLD FUND | · | · | 2026年7月30日 | 每日 |
LRCX 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间
评级 · 41 位分析师
买入
中位数目标
$380.00
+9.4%
10 24.4%
强烈买入
25 61.0%
买入
6 14.6%
持有
0 0.0%
卖出
0 0.0%
强烈卖出
12个月价格目标
31 位分析师 · 2026-10-02平均目标 $375.06 +7.9%
现在
当前价格 $347.49
最低$290.00
平均值$375.06
最高$500.00
同行比较（GICS 子行业） 关键指标与行业同行对比
财年依据，价格截至各公司上一个财年末收盘价。
| 股票代码 | 市值 | P/E | 营收同比增长 | 净利润率 | ROE | 毛利率 |
|---|---|---|---|---|---|---|
| LRCX | $474.35B | 65.8 | 26.0% | 31.3% | 64.2% | 50.5% |
| AMAT | $181.40B | 26.4 | 4.4% | 24.7% | 35.5% | 48.7% |
| KLAC | $394.33B | 82.4 | 11.7% | 35.6% | 81.8% | · |
| TER | $30.21B | 55.8 | 13.1% | 17.4% | 19.7% | 58.2% |
| Q | · | 24.7 | 9.7% | 15.3% | 8.2% | · |
| ENTG | $12.80B | 54.4 | -1.4% | 7.4% | 6.1% | 44.4% |
| MKSI | $10.74B | 36.6 | 9.6% | 7.5% | 11.2% | 46.7% |
| ONTO | $8.24B | 59.7 | 1.8% | 13.6% | 6.7% | 49.7% |
| AMKR | $9.76B | 26.3 | 6.2% | 5.6% | 8.7% | 14.0% |
| FORM | $4.51B | 84.1 | 2.8% | 6.9% | 5.4% | 39.3% |
| ACMR | · | 28.8 | 15.2% | 10.4% | 7.9% | 44.4% |
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LRCX AI分析师小组 — 看涨和看跌观点 2026Q2 辩论：Claude、Grok、Gemini、ChatGPT 对该股票前景的看法
专家组裁定
NEUTRAL
置信度 0.72
4 / 4 项已报告
预测价差
·
Lam Research is a high-efficiency leader in chip manufacturing, but investors are divided on whether its premium valuation can survive a cyclical downturn. Claude and Gemini argue that customer concentration and geopolitical risks make the stock a hold, while Grok remains bullish on the company's dominance in AI-driven chip complexity. The panel converged on the fact that the current 37x P/E leaves little room for error, with a 60.57% ROE signaling strong efficiency but high sensitivity to an...
第一轮 — 开盘观点
Grok
BULLISH
置信度 0.85
↑ 看涨
Lam Research 在半导体设备领域脱颖而出，有望在人工智能驱动的芯片复杂性和产能扩张浪潮中一路领先至 2026 年第二季度。其股本回报率（ROE）为 60.57%。如此高的回报意味着 Lam 将股东权益转化为利润的能力远超典型的硬件同行，凸显了其在蚀刻和沉积方面的无与伦比的效率。毛利率保持坚挺，为 49.31%。即使研发成本上升，这一数字也保持稳定，显示出其强大的定价能力，这是其拥有护城河式领导地位的标志。该股票从 62 美元飙升至 102 美元，反映了市场对其每股收益（EPS）增长至 4.54 美元（TTM）的信心。
↓ 看跌
如果半导体上行周期因经济放缓或产能过剩而停滞，到 2026 年第二季度，Lam 的高估值可能会残酷地回落。市盈率（TTM）为 37 倍，有所上涨，但仍落后于一些同行——但它已经计入了完美的执行。鉴于市盈率对增长的敏感性，任何盈利失误都会对其造成打击。负债/权益比率为 44，看似温和，但在现金流下降时会放大风险。市净率（P/B）为 12.6，尽管市值翻倍至 2150 亿美元，但仍保持平稳。这表明市场已经提前消化了上涨空间，几乎没有犯错的余地。
Claude
NEUTRAL
置信度 0.68
↑ 看涨
Lam Research 受益于芯片复杂性的结构性转变，只有少数供应商能够满足需求，公司正在因此赚取巨额利润。公司 60.57% 的股本回报率（ROE）表明，其将股东权益转化为利润的速度是大多数硬件制造商无法持续的——这种定价能力反映了真实、持久的竞争优势。即使市盈率（P/E）为 37.0 倍，低于 AMAT 的 39.2 倍，您仍然在为一家在一个季度内将每股收益（EPS）从 4.16 美元增长到 4.54 美元，同时保持利润率不变的公司支付溢价。人工智能驱动的高级封装和逻辑扩展需求（根据 3 月份的新闻）表明，这种顺风是结构性的，而非周期性的。
↓ 看跌
该股票从 5 月份的低点几乎翻了一番，达到当前水平，目前的估值相对于潜在的盈利增长率而言已经过高。10.97 倍的市销率（P/S）和持平的毛利率（49.31%）意味着市场已经为未来多年的完美执行定价，而没有任何消化中国经济放缓、资本支出周期重置或客户库存调整的空间。43.99% 的负债权益比是可以管理的，但在经济下行时并非微不足道。最关键的是，新闻提到了可能收购 Besi——在估值高峰期进行大规模并购通常会损害股东价值。如果该交易以溢价达成，回报将显著压缩。
Gemini
NEUTRAL
置信度 0.75
↑ 看涨
Lam Research essentially is the indispensable architect of the next generation of semiconductors, making it a primary beneficiary of rising chip complexity. The company is generating a 60.57% return on equity. This level of efficiency means management is exceptionally skilled at turning capital into profit, which is a massive competitive advantage in the capital-intensive equipment space. With a current ratio of 2.21, the firm maintains a strong liquidity cushion. This means they have more than enough short-term assets to cover their immediate obligations, providing the financial stability needed to fund aggressive R&D for future logic scaling.
↓ 看跌
市场已经完全消化了人工智能驱动的增长叙事，如果需求降温，几乎没有犯错的空间。投资者目前为该股票支付 37.00 倍的市盈率。这一估值意味着市场预期未来几年将持续实现高增长业绩，这对于周期性设备供应商来说是一个很高的标准。此外，负债权益比为 43.99%。这表明该公司依赖大量的杠杆来为其运营提供资金，如果半导体行业出现周期性低迷，这可能会成为一个主要负债。
Chatgpt
NEUTRAL
置信度 0.65
↑ 看涨
I think Lam Research's strongest bullish case is durable profitability in a world of AI-driven semiconductor manufacturing. ROE TTM 60.57%. That level shows the company is turning a lot of equity into profits, signaling high capital efficiency. Gross margin TTM 49.31%. That near-50% margin points to pricing power and cost discipline in a capital-intensive business. EPS TTM: 4.54. Rising earnings support a higher multiple by reflecting persistent demand for leading-edge wafer-fabrication equipment.
↓ 看跌
I worry that Lam faces valuation risk and cyclical exposure that could break the bull case. P/E TTM: 37.00. That high multiple leaves little cushion for earnings disappointment. P/S TTM: 10.97. A rich revenue multiple means even modest growth slowdowns can punish the stock. Debt/Equity: 43.99. That leverage level could magnify losses if cash flow weakens and rates rise.
第二轮 — 回复与反驳
第二轮 — 回复与反驳
Grok
Claude, you're right to flag M&A risks but overstate the Besi rumor as 'most critical'—it's unconfirmed speculation from a March 22 news item, not a done deal. Lam's current ratio sits at 2.21. That strong liquidity means they have ample short-term assets to cover debts twice over, cushioning any premium paid without straining the balance sheet. With ROE at 60.57%, Lam's efficiency buys optionality for smart deals that could actually extend their moat in advanced packaging.
Claude
I need to push back on Grok's confidence level here. Grok, you're calling this a buy at 0.85 conviction, but you're glossing over the same valuation cliff you identified in your bearish case. Yes, the stock ran from $62 to $102 — that's a 64% move in five months. But your own point about P/B staying flat at 12.6 while market cap doubled to $215B is the tell: the market has already priced in the AI narrative. If earnings disappoint even slightly, that 37x P/E doesn't compress gracefully — it reprices hard. I'm staying hold, not buy, because the risk-reward is no longer asymmetric.
Gemini
Grok, your bullish conviction on the Besi merger potential overlooks the historical reality of integration risk in this sector. Paying a massive premium for an acquisition while the company already carries a 43.99 debt-to-equity ratio is a dangerous gamble. This ratio shows that for every dollar of shareholder equity, Lam has nearly 44 cents in debt, which limits their financial flexibility during a downturn. If they overpay for an asset, they risk destroying the very capital efficiency that currently makes their 60.57% ROE look so attractive to investors.
Chatgpt
Grok, your point about P/E being high but below some peers misses the cycle risk Lam faces going into 2026Q2. P/E TTM is 37x. That means the market is counting on continued earnings power; if the chip cycle cools or AI-driven demand slows, multiple compression could come fast. Lam's profitability strength and pricing power can support a premium, but the valuation remains the swing factor for upside or downside. That means even small misses could punish the stock.
第三轮 — 最终反驳
第三轮 — 最终反驳
Grok
Gemini, your claim about the 'historical reality of integration risk' in semis M&A doesn't hold up—Lam's 2012 Novellus acquisition integrated smoothly and solidified etch leadership without derailing finances. Debt/equity was around 40 then, similar to today's 43.99, yet ROE held strong. With a 2.21 current ratio, Lam has liquidity twice over for obligations, making a disciplined Besi move accretive, not destructive. This track record keeps my buy conviction intact for 2026Q2.
Claude
I want to widen the frame here because we're all dancing around valuation without naming the customer concentration risk that actually moves the needle. Lam's top three customers — TSMC, Samsung, Intel — likely represent 60-70% of revenue, which means a single capex pause from any one of them can crater guidance overnight. That's not theoretical: it happened in 2022-23. The AI narrative has masked this cyclicality, but it hasn't eliminated it. Grok, your 0.85 conviction assumes flawless demand through 2026Q2, but you're not accounting for the fact that a single customer's inventory correction could compress that 49.31% gross margin faster than any multiple compression. That's why I'm holding, not buying.
Gemini
I want to challenge Grok’s dismissal of the Besi merger risk by pointing to the macro reality of export controls. Grok, your focus on the current ratio ignores that Lam’s revenue is heavily exposed to China, which accounted for a massive portion of recent growth. If the U.S. government tightens export restrictions on advanced deposition tools, that revenue stream could evaporate overnight. A current ratio of 2.21, meaning the company has over two dollars of liquid assets for every dollar of debt, provides a buffer for operations, but it cannot offset a sudden, geopolitically forced loss of a critical market segment.
Chatgpt
⇄ 改变想法
I think Claude, your ROE moat claim deserves a challenge. ROE 60.57%. That level can be inflated by buybacks or leverage rather than signaling a durable moat, and relying on capital structure for profitability can disappear if cash flow weakens. Debt/Equity 43.99%. It signals meaningful leverage that could magnify losses in a downturn, so the cushion implied by the ROE isn’t as sturdy as it looks, and the stock could reprice quickly on any earnings miss.
价格预测
| 模型 | 3个月目标 | 6个月目标 | 原因 |
|---|---|---|---|
| Grok | $115.00 | $135.00 | I see Lam Research pushing to $115 in 3 months and $135 in 6 months because its etch/deposition dominance locks in AI chip complexity tailwinds through 2026Q2. The catalyst is Lam's Q1 FY2026 earnings around October 30, 2025, where guidance should confirm advanced packaging ramps cited in the March 25 Renaissance letter. The key risk is TSMC signaling a capex pause in its October 17 earnings, hitting Lam's 60-70% customer concentration. My $135 six-month target implies a 33% gain from the $102 close and P/E near 42x—for Lam, that means the market prices in EPS acceleration to $6+, backed by 49% gross margins holding firm. |
| Claude | $78.00 | $85.00 | Lam Research will consolidate near current levels before grinding higher as AI-driven capex cycles through 2026Q2, but valuation risk is real. My thesis: the stock re-rates on earnings delivery, not narrative. The concrete catalyst is Lam's next earnings print — if EPS growth accelerates past 4.54 TTM and management confirms sustained TSMC/Samsung capex into H2 2026, the market re-rates the 37x P/E upward. The concrete risk is a customer inventory correction or China export tightening that forces gross margin compression below 48%, which would crater the multiple instantly. A 37x P/E assumes flawless execution; any miss reprices hard. I'm forecasting modest upside because the AI tailwind is real, but I'm not chasing the 64% run-up from May lows. The stock needs to prove earnings growth, not just narrative momentum. |
| Gemini | $78.50 | $85.00 | My thesis is that Lam Research will continue to command a premium as AI-driven logic scaling forces chipmakers to increase their capital intensity. The primary catalyst for my six-month target is the Q3 2026 earnings print, where I expect management to confirm sustained demand for advanced deposition tools. Conversely, a tightening of U.S. export controls on semiconductor equipment to China would break my thesis by cutting off a vital revenue stream. The current P/E of 37.0 means investors are paying a significant premium for future growth, essentially betting that the company can maintain its current pace of technological leadership without a cyclical slowdown. |
| Chatgpt | $75.00 | $82.00 | I think Lam can drift modestly higher over the next few quarters on earnings visibility and margins. Catalyst: a strong upcoming earnings print should lift sentiment and validate the AI-driven demand story. Risk: a sharper chip-cycle downturn or export-control shock could derail the narrative and compress multiple. The stock trades at a P/E TTM around 37x. That pricing implies the market is betting on sustained growth; any miss could trigger meaningful multiple compression. |
交易信号 近期买入/卖出信号，包含入场价和风险/回报比
BLUECHIP_DIP
止损出局
风险 1
奖励 5.00
入场
$313.70
R:R 5.00
BLUECHIP_DIP
止损出局
风险 1
奖励 4.00
入场
$307.42
R:R 4.00
RANGE
已过期
风险 1
奖励 4.17
入场
$205.46
R:R 4.17
BOUNCE_UP
触及目标
风险 1
奖励 2.00
入场
$162.91
R:R 2.00
BOUNCE_UP
触及目标
风险 1
奖励 1.50
入场
$136.79
R:R 1.50
目前没有公开信号 — 没有卡片被填写，这是诚实的。
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来源：SEC 10-K 于 八月 7, 2026 申报