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美国铝业公司（AA）与WESCO INTERNATIONAL INC（WCC）财务数据对比。点击上方公司名可切换其他公司
WESCO INTERNATIONAL INC的季度营收约是美国铝业公司的1.8倍（$6.1B vs $3.4B），美国铝业公司净利率更高（6.2% vs 2.6%，领先3.5%），WESCO INTERNATIONAL INC同比增速更快（10.3% vs -1.1%），美国铝业公司自由现金流更多（$294.0M vs $27.5M），过去两年美国铝业公司的营收复合增速更高（15.2% vs 6.5%）
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。
WESCO国际是一家美国上市控股公司，旗下子公司WESCO Distribution主营电气产品分销及相关服务，总部位于宾夕法尼亚州匹兹堡市，可为工业、基建、商业等多领域客户提供一站式电气供应链解决方案与技术支持服务。
AA vs WCC — 直观对比
营收规模更大
WCC
是对方的1.8倍
$3.4B
营收增速更快
WCC
高出11.4%
-1.1%
净利率更高
AA
高出3.5%
2.6%
自由现金流更多
AA
多$266.5M
$27.5M
两年增速更快
AA
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $6.1B |
| 净利润 | $213.0M | $159.8M |
| 毛利率 | — | 21.2% |
| 营业利润率 | 2.0% | 5.3% |
| 净利率 | 6.2% | 2.6% |
| 营收同比 | -1.1% | 10.3% |
| 净利润同比 | 5.4% | -3.4% |
| 每股收益（稀释后） | $0.80 | $3.33 |
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AAWCC
| Q4 25 | $3.4B | $6.1B | ||
| Q3 25 | $3.0B | $6.2B | ||
| Q2 25 | $3.0B | $5.9B | ||
| Q1 25 | $3.4B | $5.3B | ||
| Q4 24 | $3.5B | $5.5B | ||
| Q3 24 | $2.9B | $5.5B | ||
| Q2 24 | $2.9B | $5.5B | ||
| Q1 24 | $2.6B | $5.3B |
净利润AAWCC
| Q4 25 | $213.0M | $159.8M | ||
| Q3 25 | $232.0M | $187.5M | ||
| Q2 25 | $164.0M | $174.5M | ||
| Q1 25 | $548.0M | $118.4M | ||
| Q4 24 | $202.0M | $165.4M | ||
| Q3 24 | $90.0M | $204.3M | ||
| Q2 24 | $20.0M | $232.1M | ||
| Q1 24 | $-252.0M | $115.8M |
毛利率AAWCC
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.3% |
营业利润率AAWCC
| Q4 25 | 2.0% | 5.3% | ||
| Q3 25 | 5.6% | 5.6% | ||
| Q2 25 | 5.3% | 5.5% | ||
| Q1 25 | 19.8% | 4.5% | ||
| Q4 24 | 9.7% | 5.5% | ||
| Q3 24 | 6.3% | 6.1% | ||
| Q2 24 | 3.2% | 5.9% | ||
| Q1 24 | -12.5% | 4.9% |
净利率AAWCC
| Q4 25 | 6.2% | 2.6% | ||
| Q3 25 | 7.7% | 3.0% | ||
| Q2 25 | 5.4% | 3.0% | ||
| Q1 25 | 16.3% | 2.2% | ||
| Q4 24 | 5.8% | 3.0% | ||
| Q3 24 | 3.1% | 3.7% | ||
| Q2 24 | 0.7% | 4.2% | ||
| Q1 24 | -9.7% | 2.2% |
每股收益（稀释后）AAWCC
| Q4 25 | $0.80 | $3.33 | ||
| Q3 25 | $0.88 | $3.79 | ||
| Q2 25 | $0.62 | $3.83 | ||
| Q1 25 | $2.07 | $2.10 | ||
| Q4 24 | $1.18 | $3.01 | ||
| Q3 24 | $0.38 | $3.81 | ||
| Q2 24 | $0.11 | $4.28 | ||
| Q1 24 | $-1.41 | $1.95 |
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 | — |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $6.1B | $5.0B |
| 总资产 | $16.1B | $16.5B |
| 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AAWCC
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
总债务AAWCC
| 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AAWCC
| Q4 25 | $6.1B | $5.0B | ||
| Q3 25 | $6.3B | $4.8B | ||
| Q2 25 | $6.1B | $4.8B | ||
| Q1 25 | $5.8B | $5.0B | ||
| Q4 24 | $5.2B | $5.0B | ||
| Q3 24 | $5.3B | $5.0B | ||
| Q2 24 | $3.9B | $4.9B | ||
| Q1 24 | $4.0B | $5.0B |
总资产AAWCC
| Q4 25 | $16.1B | $16.5B | ||
| Q3 25 | $16.0B | $16.6B | ||
| Q2 25 | $15.0B | $16.2B | ||
| Q1 25 | $14.6B | $15.5B | ||
| Q4 24 | $14.1B | $15.1B | ||
| Q3 24 | $14.5B | $15.3B | ||
| Q2 24 | $14.3B | $15.1B | ||
| Q1 24 | $14.3B | $15.5B |
负债/权益比AAWCC
| 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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $27.5M |
| 自由现金流率自由现金流/营收 | 8.5% | 0.5% |
| 资本支出强度资本支出/营收 | 7.0% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.52× | 0.45× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $25.2M |
8季度趋势，按日历期对齐
经营现金流AAWCC
| Q4 25 | $537.0M | $71.9M | ||
| Q3 25 | $85.0M | $-82.7M | ||
| Q2 25 | $488.0M | $107.8M | ||
| Q1 25 | $75.0M | $28.0M | ||
| Q4 24 | $415.0M | $276.6M | ||
| Q3 24 | $143.0M | $302.1M | ||
| Q2 24 | $287.0M | $-223.8M | ||
| Q1 24 | $-223.0M | $746.3M |
自由现金流AAWCC
| Q4 25 | $294.0M | $27.5M | ||
| Q3 25 | $-66.0M | $-95.9M | ||
| Q2 25 | $357.0M | $86.0M | ||
| Q1 25 | $-18.0M | $7.6M | ||
| Q4 24 | $246.0M | $252.3M | ||
| Q3 24 | $-3.0M | $272.9M | ||
| Q2 24 | $123.0M | $-244.6M | ||
| Q1 24 | $-324.0M | $725.9M |
自由现金流率AAWCC
| Q4 25 | 8.5% | 0.5% | ||
| Q3 25 | -2.2% | -1.5% | ||
| Q2 25 | 11.8% | 1.5% | ||
| Q1 25 | -0.5% | 0.1% | ||
| Q4 24 | 7.1% | 4.6% | ||
| Q3 24 | -0.1% | 5.0% | ||
| Q2 24 | 4.2% | -4.5% | ||
| Q1 24 | -12.5% | 13.6% |
资本支出强度AAWCC
| Q4 25 | 7.0% | 0.7% | ||
| Q3 25 | 5.0% | 0.2% | ||
| Q2 25 | 4.3% | 0.4% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 4.8% | 0.4% | ||
| Q3 24 | 5.0% | 0.5% | ||
| Q2 24 | 5.6% | 0.4% | ||
| Q1 24 | 3.9% | 0.4% |
现金转化率AAWCC
| Q4 25 | 2.52× | 0.45× | ||
| Q3 25 | 0.37× | -0.44× | ||
| Q2 25 | 2.98× | 0.62× | ||
| Q1 25 | 0.14× | 0.24× | ||
| Q4 24 | 2.05× | 1.67× | ||
| Q3 24 | 1.59× | 1.48× | ||
| Q2 24 | 14.35× | -0.96× | ||
| Q1 24 | — | 6.44× |
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% |
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
