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美国铝业公司（AA）与波尔公司（BALL）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波尔公司的1.0倍（$3.4B vs $3.3B）。美国铝业公司净利率更高（6.2% vs 6.0%，领先0.2%）。波尔公司同比增速更快（16.2% vs -1.1%）。波尔公司自由现金流更多（$1.0B vs $294.0M）。过去两年美国铝业公司的营收复合增速更高（15.2% vs 7.9%）
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。
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
AA vs BALL — 直观对比
营收规模更大
AA
是对方的1.0倍
$3.3B
营收增速更快
BALL
高出17.3%
-1.1%
净利率更高
AA
高出0.2%
6.0%
自由现金流更多
BALL
多$747.0M
$294.0M
两年增速更快
AA
近两年复合增速
7.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.3B |
| 净利润 | $213.0M | $200.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 7.2% |
| 净利率 | 6.2% | 6.0% |
| 营收同比 | -1.1% | 16.2% |
| 净利润同比 | 5.4% | 766.7% |
| 每股收益（稀释后） | $0.80 | $0.73 |
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AABALL
| Q4 25 | $3.4B | $3.3B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $3.0B | $3.3B | ||
| Q1 25 | $3.4B | $3.1B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.6B | $2.9B |
净利润AABALL
| Q4 25 | $213.0M | $200.0M | ||
| Q3 25 | $232.0M | $321.0M | ||
| Q2 25 | $164.0M | $215.0M | ||
| Q1 25 | $548.0M | $179.0M | ||
| Q4 24 | $202.0M | $-30.0M | ||
| Q3 24 | $90.0M | $199.0M | ||
| Q2 24 | $20.0M | $159.0M | ||
| Q1 24 | $-252.0M | $3.7B |
毛利率AABALL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.7% | ||
| Q2 24 | — | 16.5% | ||
| Q1 24 | — | 16.6% |
营业利润率AABALL
| Q4 25 | 2.0% | 7.2% | ||
| Q3 25 | 5.6% | 11.6% | ||
| Q2 25 | 5.3% | 8.0% | ||
| Q1 25 | 19.8% | 7.4% | ||
| Q4 24 | 9.7% | 0.2% | ||
| Q3 24 | 6.3% | 7.4% | ||
| Q2 24 | 3.2% | 6.8% | ||
| Q1 24 | -12.5% | 6.8% |
净利率AABALL
| Q4 25 | 6.2% | 6.0% | ||
| Q3 25 | 7.7% | 9.5% | ||
| Q2 25 | 5.4% | 6.4% | ||
| Q1 25 | 16.3% | 5.8% | ||
| Q4 24 | 5.8% | -1.0% | ||
| Q3 24 | 3.1% | 6.5% | ||
| Q2 24 | 0.7% | 5.4% | ||
| Q1 24 | -9.7% | 128.3% |
每股收益（稀释后）AABALL
| Q4 25 | $0.80 | $0.73 | ||
| Q3 25 | $0.88 | $1.18 | ||
| Q2 25 | $0.62 | $0.76 | ||
| Q1 25 | $2.07 | $0.63 | ||
| Q4 24 | $1.18 | $0.23 | ||
| Q3 24 | $0.38 | $0.65 | ||
| Q2 24 | $0.11 | $0.51 | ||
| Q1 24 | $-1.41 | $11.61 |
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 | $1.2B |
| 总债务越低越好 | $2.4B | $7.0B |
| 股东权益账面价值 | $6.1B | $5.4B |
| 总资产 | $16.1B | $19.5B |
| 负债/权益比越低杠杆越低 | 0.40× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资AABALL
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $568.0M | ||
| Q2 25 | $1.5B | $296.0M | ||
| Q1 25 | $1.2B | $449.0M | ||
| Q4 24 | $1.1B | $885.0M | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.7B |
总债务AABALL
| Q4 25 | $2.4B | $7.0B | ||
| Q3 25 | $2.6B | $6.9B | ||
| Q2 25 | $2.6B | $6.5B | ||
| Q1 25 | $2.6B | $6.1B | ||
| Q4 24 | $2.5B | $5.3B | ||
| Q3 24 | $2.5B | $5.4B | ||
| Q2 24 | $2.5B | $5.5B | ||
| Q1 24 | $2.5B | $5.5B |
股东权益AABALL
| Q4 25 | $6.1B | $5.4B | ||
| Q3 25 | $6.3B | $5.4B | ||
| Q2 25 | $6.1B | $5.2B | ||
| Q1 25 | $5.8B | $5.5B | ||
| Q4 24 | $5.2B | $5.9B | ||
| Q3 24 | $5.3B | $6.7B | ||
| Q2 24 | $3.9B | $6.9B | ||
| Q1 24 | $4.0B | $7.3B |
总资产AABALL
| Q4 25 | $16.1B | $19.5B | ||
| Q3 25 | $16.0B | $18.7B | ||
| Q2 25 | $15.0B | $18.6B | ||
| Q1 25 | $14.6B | $18.0B | ||
| Q4 24 | $14.1B | $17.6B | ||
| Q3 24 | $14.5B | $18.8B | ||
| Q2 24 | $14.3B | $19.0B | ||
| Q1 24 | $14.3B | $19.9B |
负债/权益比AABALL
| Q4 25 | 0.40× | 1.29× | ||
| Q3 25 | 0.41× | 1.26× | ||
| Q2 25 | 0.42× | 1.24× | ||
| Q1 25 | 0.44× | 1.12× | ||
| Q4 24 | 0.48× | 0.91× | ||
| Q3 24 | 0.47× | 0.80× | ||
| Q2 24 | 0.63× | 0.80× | ||
| Q1 24 | 0.62× | 0.76× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 8.5% | 31.1% |
| 资本支出强度资本支出/营收 | 7.0% | 5.1% |
| 现金转化率经营现金流/净利润 | 2.52× | 6.05× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $788.0M |
8季度趋势，按日历期对齐
经营现金流AABALL
| Q4 25 | $537.0M | $1.2B | ||
| Q3 25 | $85.0M | $384.0M | ||
| Q2 25 | $488.0M | $332.0M | ||
| Q1 25 | $75.0M | $-665.0M | ||
| Q4 24 | $415.0M | $500.0M | ||
| Q3 24 | $143.0M | $610.0M | ||
| Q2 24 | $287.0M | $252.0M | ||
| Q1 24 | $-223.0M | $-1.2B |
自由现金流AABALL
| Q4 25 | $294.0M | $1.0B | ||
| Q3 25 | $-66.0M | $257.0M | ||
| Q2 25 | $357.0M | $236.0M | ||
| Q1 25 | $-18.0M | $-746.0M | ||
| Q4 24 | $246.0M | $393.0M | ||
| Q3 24 | $-3.0M | $493.0M | ||
| Q2 24 | $123.0M | $146.0M | ||
| Q1 24 | $-324.0M | $-1.4B |
自由现金流率AABALL
| Q4 25 | 8.5% | 31.1% | ||
| Q3 25 | -2.2% | 7.6% | ||
| Q2 25 | 11.8% | 7.1% | ||
| Q1 25 | -0.5% | -24.1% | ||
| Q4 24 | 7.1% | 13.6% | ||
| Q3 24 | -0.1% | 16.0% | ||
| Q2 24 | 4.2% | 4.9% | ||
| Q1 24 | -12.5% | -48.7% |
资本支出强度AABALL
| Q4 25 | 7.0% | 5.1% | ||
| Q3 25 | 5.0% | 3.8% | ||
| Q2 25 | 4.3% | 2.9% | ||
| Q1 25 | 2.8% | 2.6% | ||
| Q4 24 | 4.8% | 3.7% | ||
| Q3 24 | 5.0% | 3.8% | ||
| Q2 24 | 5.6% | 3.6% | ||
| Q1 24 | 3.9% | 5.4% |
现金转化率AABALL
| Q4 25 | 2.52× | 6.05× | ||
| Q3 25 | 0.37× | 1.20× | ||
| Q2 25 | 2.98× | 1.54× | ||
| Q1 25 | 0.14× | -3.72× | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 1.59× | 3.07× | ||
| Q2 24 | 14.35× | 1.58× | ||
| Q1 24 | — | -0.34× |
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% |
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
