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美国铝业公司（AA）与CENTURY ALUMINUM CO（CENX）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CENTURY ALUMINUM CO的5.4倍（$3.4B vs $633.7M）。美国铝业公司净利率更高（6.2% vs 0.3%，领先5.9%）。CENTURY ALUMINUM CO同比增速更快（0.4% vs -1.1%）。美国铝业公司自由现金流更多（$294.0M vs $67.7M）。过去两年美国铝业公司的营收复合增速更高（15.2% vs 13.8%）
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。
世纪铝业是总部位于美国的原铝生产商，在美国肯塔基州、南卡罗来纳州及冰岛均设有铝生产工厂，是美国规模最大的原铝生产商，在纳斯达克上市，总部坐落于芝加哥南瓦克尔大道1号。
AA vs CENX — 直观对比
营收规模更大
AA
是对方的5.4倍
$633.7M
营收增速更快
CENX
高出1.5%
-1.1%
净利率更高
AA
高出5.9%
0.3%
自由现金流更多
AA
多$226.3M
$67.7M
两年增速更快
AA
近两年复合增速
13.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $633.7M |
| 净利润 | $213.0M | $1.8M |
| 毛利率 | — | 13.0% |
| 营业利润率 | 2.0% | 5.2% |
| 净利率 | 6.2% | 0.3% |
| 营收同比 | -1.1% | 0.4% |
| 净利润同比 | 5.4% | -96.0% |
| 每股收益（稀释后） | $0.80 | $0.03 |
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AACENX
| Q4 25 | $3.4B | $633.7M | ||
| Q3 25 | $3.0B | $632.2M | ||
| Q2 25 | $3.0B | $628.1M | ||
| Q1 25 | $3.4B | $633.9M | ||
| Q4 24 | $3.5B | $630.9M | ||
| Q3 24 | $2.9B | $539.1M | ||
| Q2 24 | $2.9B | $560.8M | ||
| Q1 24 | $2.6B | $489.5M |
净利润AACENX
| Q4 25 | $213.0M | $1.8M | ||
| Q3 25 | $232.0M | $14.9M | ||
| Q2 25 | $164.0M | $-4.6M | ||
| Q1 25 | $548.0M | $29.7M | ||
| Q4 24 | $202.0M | $45.2M | ||
| Q3 24 | $90.0M | $47.3M | ||
| Q2 24 | $20.0M | $-2.5M | ||
| Q1 24 | $-252.0M | $246.8M |
毛利率AACENX
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 3.4% |
营业利润率AACENX
| Q4 25 | 2.0% | 5.2% | ||
| Q3 25 | 5.6% | 9.2% | ||
| Q2 25 | 5.3% | 3.3% | ||
| Q1 25 | 19.8% | 7.3% | ||
| Q4 24 | 9.7% | 7.8% | ||
| Q3 24 | 6.3% | 11.8% | ||
| Q2 24 | 3.2% | 1.1% | ||
| Q1 24 | -12.5% | 0.4% |
净利率AACENX
| Q4 25 | 6.2% | 0.3% | ||
| Q3 25 | 7.7% | 2.4% | ||
| Q2 25 | 5.4% | -0.7% | ||
| Q1 25 | 16.3% | 4.7% | ||
| Q4 24 | 5.8% | 7.2% | ||
| Q3 24 | 3.1% | 8.8% | ||
| Q2 24 | 0.7% | -0.4% | ||
| Q1 24 | -9.7% | 50.4% |
每股收益（稀释后）AACENX
| Q4 25 | $0.80 | $0.03 | ||
| Q3 25 | $0.88 | $0.15 | ||
| Q2 25 | $0.62 | $-0.05 | ||
| Q1 25 | $2.07 | $0.29 | ||
| Q4 24 | $1.18 | $0.58 | ||
| Q3 24 | $0.38 | $0.46 | ||
| Q2 24 | $0.11 | $-0.03 | ||
| Q1 24 | $-1.41 | $2.26 |
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 | $134.2M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $6.1B | $805.6M |
| 总资产 | $16.1B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资AACENX
| Q4 25 | $1.6B | $134.2M | ||
| Q3 25 | $1.5B | $151.4M | ||
| Q2 25 | $1.5B | $40.7M | ||
| Q1 25 | $1.2B | $44.9M | ||
| Q4 24 | $1.1B | $32.9M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | $41.3M | ||
| Q1 24 | $1.4B | $93.5M |
总债务AACENX
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AACENX
| Q4 25 | $6.1B | $805.6M | ||
| Q3 25 | $6.3B | $741.8M | ||
| Q2 25 | $6.1B | $724.4M | ||
| Q1 25 | $5.8B | $726.3M | ||
| Q4 24 | $5.2B | $694.4M | ||
| Q3 24 | $5.3B | $628.5M | ||
| Q2 24 | $3.9B | $601.5M | ||
| Q1 24 | $4.0B | $601.5M |
总资产AACENX
| Q4 25 | $16.1B | $2.3B | ||
| Q3 25 | $16.0B | $2.1B | ||
| Q2 25 | $15.0B | $1.9B | ||
| Q1 25 | $14.6B | $2.0B | ||
| Q4 24 | $14.1B | $1.9B | ||
| Q3 24 | $14.5B | $2.1B | ||
| Q2 24 | $14.3B | $1.8B | ||
| Q1 24 | $14.3B | $1.8B |
负债/权益比AACENX
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.62× | — |
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 | $102.8M |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $67.7M |
| 自由现金流率自由现金流/营收 | 8.5% | 10.7% |
| 资本支出强度资本支出/营收 | 7.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.52× | 57.11× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $84.8M |
8季度趋势，按日历期对齐
经营现金流AACENX
| Q4 25 | $537.0M | $102.8M | ||
| Q3 25 | $85.0M | $2.0M | ||
| Q2 25 | $488.0M | $7.9M | ||
| Q1 25 | $75.0M | $72.3M | ||
| Q4 24 | $415.0M | $-41.4M | ||
| Q3 24 | $143.0M | $20.1M | ||
| Q2 24 | $287.0M | $11.5M | ||
| Q1 24 | $-223.0M | $-14.8M |
自由现金流AACENX
| Q4 25 | $294.0M | $67.7M | ||
| Q3 25 | $-66.0M | $-18.1M | ||
| Q2 25 | $357.0M | $-15.9M | ||
| Q1 25 | $-18.0M | $51.1M | ||
| Q4 24 | $246.0M | $-54.6M | ||
| Q3 24 | $-3.0M | $-2.4M | ||
| Q2 24 | $123.0M | $-5.4M | ||
| Q1 24 | $-324.0M | $-44.5M |
自由现金流率AACENX
| Q4 25 | 8.5% | 10.7% | ||
| Q3 25 | -2.2% | -2.9% | ||
| Q2 25 | 11.8% | -2.5% | ||
| Q1 25 | -0.5% | 8.1% | ||
| Q4 24 | 7.1% | -8.7% | ||
| Q3 24 | -0.1% | -0.4% | ||
| Q2 24 | 4.2% | -1.0% | ||
| Q1 24 | -12.5% | -9.1% |
资本支出强度AACENX
| Q4 25 | 7.0% | 5.5% | ||
| Q3 25 | 5.0% | 3.2% | ||
| Q2 25 | 4.3% | 3.8% | ||
| Q1 25 | 2.8% | 3.3% | ||
| Q4 24 | 4.8% | 2.1% | ||
| Q3 24 | 5.0% | 4.2% | ||
| Q2 24 | 5.6% | 3.0% | ||
| Q1 24 | 3.9% | 6.1% |
现金转化率AACENX
| Q4 25 | 2.52× | 57.11× | ||
| Q3 25 | 0.37× | 0.13× | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 0.14× | 2.43× | ||
| Q4 24 | 2.05× | -0.92× | ||
| Q3 24 | 1.59× | 0.42× | ||
| Q2 24 | 14.35× | — | ||
| Q1 24 | — | -0.06× |
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% |
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
