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西联汇款（AFG）与艾仕得（AXTA）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是艾仕得的1.6倍（$2.1B vs $1.3B），西联汇款净利率更高（14.5% vs 4.8%，领先9.7%），艾仕得同比增速更快（-3.7% vs -4.0%），过去两年西联汇款的营收复合增速更高（4.0% vs -1.2%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
AFG vs AXTA — 直观对比
营收规模更大
AFG
是对方的1.6倍
$1.3B
营收增速更快
AXTA
高出0.3%
-4.0%
净利率更高
AFG
高出9.7%
4.8%
两年增速更快
AFG
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $299.0M | $60.0M |
| 毛利率 | — | 33.4% |
| 营业利润率 | 18.4% | 12.8% |
| 净利率 | 14.5% | 4.8% |
| 营收同比 | -4.0% | -3.7% |
| 净利润同比 | 17.3% | -56.2% |
| 每股收益（稀释后） | $3.59 | $0.28 |
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AFGAXTA
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $1.9B | $1.3B |
净利润AFGAXTA
| Q4 25 | $299.0M | $60.0M | ||
| Q3 25 | $215.0M | $110.0M | ||
| Q2 25 | $174.0M | $109.0M | ||
| Q1 25 | $154.0M | $99.0M | ||
| Q4 24 | $255.0M | $137.0M | ||
| Q3 24 | $181.0M | $101.0M | ||
| Q2 24 | $209.0M | $112.0M | ||
| Q1 24 | $242.0M | $41.0M |
毛利率AFGAXTA
| Q4 25 | — | 33.4% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 34.0% | ||
| Q1 24 | — | 33.2% |
营业利润率AFGAXTA
| Q4 25 | 18.4% | 12.8% | ||
| Q3 25 | 11.5% | 15.8% | ||
| Q2 25 | 11.9% | 14.8% | ||
| Q1 25 | 10.6% | 13.9% | ||
| Q4 24 | 14.9% | 14.3% | ||
| Q3 24 | 9.7% | 14.6% | ||
| Q2 24 | 14.3% | 15.2% | ||
| Q1 24 | 15.9% | 9.4% |
净利率AFGAXTA
| Q4 25 | 14.5% | 4.8% | ||
| Q3 25 | 9.2% | 8.5% | ||
| Q2 25 | 9.0% | 8.4% | ||
| Q1 25 | 8.3% | 7.8% | ||
| Q4 24 | 11.9% | 10.5% | ||
| Q3 24 | 7.6% | 7.7% | ||
| Q2 24 | 11.0% | 8.3% | ||
| Q1 24 | 12.7% | 3.2% |
每股收益（稀释后）AFGAXTA
| Q4 25 | $3.59 | $0.28 | ||
| Q3 25 | $2.58 | $0.51 | ||
| Q2 25 | $2.07 | $0.50 | ||
| Q1 25 | $1.84 | $0.45 | ||
| Q4 24 | $3.03 | $0.63 | ||
| Q3 24 | $2.16 | $0.46 | ||
| Q2 24 | $2.49 | $0.51 | ||
| Q1 24 | $2.89 | $0.18 |
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 | $1.7B | $657.0M |
| 总债务越低越好 | $1.8B | $3.2B |
| 股东权益账面价值 | $4.8B | $2.3B |
| 总资产 | $32.6B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资AFGAXTA
| Q4 25 | $1.7B | $657.0M | ||
| Q3 25 | $1.8B | $606.0M | ||
| Q2 25 | $1.3B | $625.0M | ||
| Q1 25 | $1.3B | $575.0M | ||
| Q4 24 | $1.4B | $593.0M | ||
| Q3 24 | $1.3B | $567.0M | ||
| Q2 24 | $1.1B | $840.0M | ||
| Q1 24 | $1.1B | $624.0M |
总债务AFGAXTA
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.8B | $3.4B | ||
| Q2 25 | $1.5B | $3.4B | ||
| Q1 25 | $1.5B | $3.4B | ||
| Q4 24 | $1.5B | $3.4B | ||
| Q3 24 | $1.5B | $3.5B | ||
| Q2 24 | $1.5B | $3.6B | ||
| Q1 24 | $1.5B | $3.4B |
股东权益AFGAXTA
| Q4 25 | $4.8B | $2.3B | ||
| Q3 25 | $4.7B | $2.3B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.7B | $1.9B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.2B | $1.7B |
总资产AFGAXTA
| Q4 25 | $32.6B | $7.6B | ||
| Q3 25 | $33.8B | $7.8B | ||
| Q2 25 | $30.7B | $7.8B | ||
| Q1 25 | $30.3B | $7.4B | ||
| Q4 24 | $30.8B | $7.2B | ||
| Q3 24 | $32.6B | $7.5B | ||
| Q2 24 | $29.9B | $7.3B | ||
| Q1 24 | $30.0B | $7.1B |
负债/权益比AFGAXTA
| Q4 25 | 0.38× | 1.36× | ||
| Q3 25 | 0.38× | 1.48× | ||
| Q2 25 | 0.33× | 1.50× | ||
| Q1 25 | 0.34× | 1.64× | ||
| Q4 24 | 0.33× | 1.78× | ||
| Q3 24 | 0.31× | 1.84× | ||
| Q2 24 | 0.34× | 2.02× | ||
| Q1 24 | 0.35× | 1.97× |
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 | $784.0M | $344.0M |
| 自由现金流经营现金流 - 资本支出 | — | $286.0M |
| 自由现金流率自由现金流/营收 | — | 22.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | 2.62× | 5.73× |
| 过去12个月自由现金流最近4个季度 | — | $453.0M |
8季度趋势，按日历期对齐
经营现金流AFGAXTA
| Q4 25 | $784.0M | $344.0M | ||
| Q3 25 | $216.0M | $137.0M | ||
| Q2 25 | $191.0M | $142.0M | ||
| Q1 25 | $342.0M | $26.0M | ||
| Q4 24 | $674.0M | $234.0M | ||
| Q3 24 | $459.0M | $194.0M | ||
| Q2 24 | $-88.0M | $114.0M | ||
| Q1 24 | $107.0M | $34.0M |
自由现金流AFGAXTA
| Q4 25 | — | $286.0M | ||
| Q3 25 | — | $87.0M | ||
| Q2 25 | — | $97.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $172.0M | ||
| Q3 24 | — | $161.0M | ||
| Q2 24 | — | $91.0M | ||
| Q1 24 | — | $12.0M |
自由现金流率AFGAXTA
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 0.9% |
资本支出强度AFGAXTA
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.7% |
现金转化率AFGAXTA
| Q4 25 | 2.62× | 5.73× | ||
| Q3 25 | 1.00× | 1.25× | ||
| Q2 25 | 1.10× | 1.30× | ||
| Q1 25 | 2.22× | 0.26× | ||
| Q4 24 | 2.64× | 1.71× | ||
| Q3 24 | 2.54× | 1.92× | ||
| Q2 24 | -0.42× | 1.02× | ||
| Q1 24 | 0.44× | 0.83× |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
