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美国铝业公司（AA）与Amentum Holdings, Inc.（AMTM）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是Amentum Holdings, Inc.的1.1倍（$3.4B vs $3.2B），美国铝业公司净利率更高（6.2% vs 1.4%，领先4.8%），美国铝业公司同比增速更快（-1.1% vs -5.2%），美国铝业公司自由现金流更多（$294.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 15.2%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
AA vs AMTM — 直观对比
营收规模更大
AA
是对方的1.1倍
$3.2B
营收增速更快
AA
高出4.2%
-5.2%
净利率更高
AA
高出4.8%
1.4%
自由现金流更多
AA
多$436.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.2B |
| 净利润 | $213.0M | $44.0M |
| 毛利率 | — | 10.1% |
| 营业利润率 | 2.0% | 4.3% |
| 净利率 | 6.2% | 1.4% |
| 营收同比 | -1.1% | -5.2% |
| 净利润同比 | 5.4% | 266.7% |
| 每股收益（稀释后） | $0.80 | $0.18 |
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AAAMTM
| Q1 26 | — | $3.2B | ||
| Q4 25 | $3.4B | $3.9B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | $3.6B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.5B | $3.4B | ||
| Q3 24 | $2.9B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B |
净利润AAAMTM
| Q1 26 | — | $44.0M | ||
| Q4 25 | $213.0M | $40.0M | ||
| Q3 25 | $232.0M | — | ||
| Q2 25 | $164.0M | $10.0M | ||
| Q1 25 | $548.0M | $4.0M | ||
| Q4 24 | $202.0M | $12.0M | ||
| Q3 24 | $90.0M | $26.0M | ||
| Q2 24 | $20.0M | $-26.0M |
毛利率AAAMTM
| Q1 26 | — | 10.1% | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 9.6% |
营业利润率AAAMTM
| Q1 26 | — | 4.3% | ||
| Q4 25 | 2.0% | 3.4% | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 5.3% | 2.9% | ||
| Q1 25 | 19.8% | 3.2% | ||
| Q4 24 | 9.7% | 3.9% | ||
| Q3 24 | 6.3% | 1.2% | ||
| Q2 24 | 3.2% | 4.2% |
净利率AAAMTM
| Q1 26 | — | 1.4% | ||
| Q4 25 | 6.2% | 1.0% | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 5.4% | 0.3% | ||
| Q1 25 | 16.3% | 0.1% | ||
| Q4 24 | 5.8% | 0.4% | ||
| Q3 24 | 3.1% | 1.2% | ||
| Q2 24 | 0.7% | -1.2% |
每股收益（稀释后）AAAMTM
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.80 | $0.16 | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.62 | $0.04 | ||
| Q1 25 | $2.07 | $0.02 | ||
| Q4 24 | $1.18 | $0.05 | ||
| Q3 24 | $0.38 | $0.31 | ||
| Q2 24 | $0.11 | $-0.29 |
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 | $247.0M |
| 总债务越低越好 | $2.4B | $3.9B |
| 股东权益账面价值 | $6.1B | $4.6B |
| 总资产 | $16.1B | $11.2B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资AAAMTM
| Q1 26 | — | $247.0M | ||
| Q4 25 | $1.6B | $437.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $738.0M | ||
| Q1 25 | $1.2B | $546.0M | ||
| Q4 24 | $1.1B | $522.0M | ||
| Q3 24 | $1.3B | $452.0M | ||
| Q2 24 | $1.4B | — |
总债务AAAMTM
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.4B | $3.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.6B | $4.7B | ||
| Q4 24 | $2.5B | $4.7B | ||
| Q3 24 | $2.5B | $4.7B | ||
| Q2 24 | $2.5B | — |
股东权益AAAMTM
| Q1 26 | — | $4.6B | ||
| Q4 25 | $6.1B | $4.5B | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.1B | $4.5B | ||
| Q1 25 | $5.8B | $4.4B | ||
| Q4 24 | $5.2B | $4.5B | ||
| Q3 24 | $5.3B | $4.5B | ||
| Q2 24 | $3.9B | $303.0M |
总资产AAAMTM
| Q1 26 | — | $11.2B | ||
| Q4 25 | $16.1B | $11.5B | ||
| Q3 25 | $16.0B | — | ||
| Q2 25 | $15.0B | $11.8B | ||
| Q1 25 | $14.6B | $12.0B | ||
| Q4 24 | $14.1B | $11.9B | ||
| Q3 24 | $14.5B | $12.0B | ||
| Q2 24 | $14.3B | — |
负债/权益比AAAMTM
| Q1 26 | — | 0.86× | ||
| Q4 25 | 0.40× | 0.88× | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | 1.01× | ||
| Q1 25 | 0.44× | 1.06× | ||
| Q4 24 | 0.48× | 1.05× | ||
| Q3 24 | 0.47× | 1.05× | ||
| Q2 24 | 0.63× | — |
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 | $537.0M | $-136.0M |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $-142.0M |
| 自由现金流率自由现金流/营收 | 8.5% | -4.4% |
| 资本支出强度资本支出/营收 | 7.0% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.52× | -3.09× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $272.0M |
8季度趋势，按日历期对齐
经营现金流AAAMTM
| Q1 26 | — | $-136.0M | ||
| Q4 25 | $537.0M | $270.0M | ||
| Q3 25 | $85.0M | — | ||
| Q2 25 | $488.0M | $106.0M | ||
| Q1 25 | $75.0M | $57.0M | ||
| Q4 24 | $415.0M | $110.0M | ||
| Q3 24 | $143.0M | — | ||
| Q2 24 | $287.0M | — |
自由现金流AAAMTM
| Q1 26 | — | $-142.0M | ||
| Q4 25 | $294.0M | $261.0M | ||
| Q3 25 | $-66.0M | — | ||
| Q2 25 | $357.0M | $100.0M | ||
| Q1 25 | $-18.0M | $53.0M | ||
| Q4 24 | $246.0M | $102.0M | ||
| Q3 24 | $-3.0M | — | ||
| Q2 24 | $123.0M | — |
自由现金流率AAAMTM
| Q1 26 | — | -4.4% | ||
| Q4 25 | 8.5% | 6.6% | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | 11.8% | 2.8% | ||
| Q1 25 | -0.5% | 1.5% | ||
| Q4 24 | 7.1% | 3.0% | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 4.2% | — |
资本支出强度AAAMTM
| Q1 26 | — | 0.2% | ||
| Q4 25 | 7.0% | 0.2% | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 4.3% | 0.2% | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 4.8% | 0.2% | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.6% | — |
现金转化率AAAMTM
| Q1 26 | — | -3.09× | ||
| Q4 25 | 2.52× | 6.75× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 2.98× | 10.60× | ||
| Q1 25 | 0.14× | 14.25× | ||
| Q4 24 | 2.05× | 9.17× | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 14.35× | — |
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
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
