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安朗杰（ALLE）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是安朗杰的1.9倍（$1.9B vs $1.0B）。安朗杰净利率更高（14.3% vs -15.8%，领先30.1%）。北极星同比增速更快（9.5% vs 9.3%）。安朗杰自由现金流更多（$200.5M vs $114.0M）。过去两年安朗杰的营收复合增速更高（7.5% vs 5.2%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
ALLE vs PII — 直观对比
营收规模更大
PII
是对方的1.9倍
$1.0B
营收增速更快
PII
高出0.2%
9.3%
净利率更高
ALLE
高出30.1%
-15.8%
自由现金流更多
ALLE
多$86.5M
$114.0M
两年增速更快
ALLE
近两年复合增速
5.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $147.5M | $-303.6M |
| 毛利率 | 44.5% | 20.0% |
| 营业利润率 | 20.3% | -16.7% |
| 净利率 | 14.3% | -15.8% |
| 营收同比 | 9.3% | 9.5% |
| 净利润同比 | 2.4% | -2964.2% |
| 每股收益（稀释后） | $1.70 | $-5.34 |
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ALLEPII
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $941.9M | $1.5B | ||
| Q4 24 | $945.6M | $1.8B | ||
| Q3 24 | $967.1M | $1.7B | ||
| Q2 24 | $965.6M | $2.0B | ||
| Q1 24 | $893.9M | $1.7B |
净利润ALLEPII
| Q4 25 | $147.5M | $-303.6M | ||
| Q3 25 | $188.4M | $-15.8M | ||
| Q2 25 | $159.7M | $-79.3M | ||
| Q1 25 | $148.2M | $-66.8M | ||
| Q4 24 | $144.1M | $10.6M | ||
| Q3 24 | $174.2M | $27.7M | ||
| Q2 24 | $155.4M | $68.7M | ||
| Q1 24 | $123.8M | $3.8M |
毛利率ALLEPII
| Q4 25 | 44.5% | 20.0% | ||
| Q3 25 | 45.8% | 20.7% | ||
| Q2 25 | 45.6% | 19.4% | ||
| Q1 25 | 44.9% | 16.0% | ||
| Q4 24 | 44.1% | 20.4% | ||
| Q3 24 | 44.7% | 20.6% | ||
| Q2 24 | 44.4% | 21.6% | ||
| Q1 24 | 43.8% | 19.0% |
营业利润率ALLEPII
| Q4 25 | 20.3% | -16.7% | ||
| Q3 25 | 21.8% | 1.1% | ||
| Q2 25 | 21.5% | -0.7% | ||
| Q1 25 | 20.9% | -2.4% | ||
| Q4 24 | 19.5% | 3.7% | ||
| Q3 24 | 22.2% | 3.8% | ||
| Q2 24 | 21.6% | 6.1% | ||
| Q1 24 | 19.3% | 2.2% |
净利率ALLEPII
| Q4 25 | 14.3% | -15.8% | ||
| Q3 25 | 17.6% | -0.9% | ||
| Q2 25 | 15.6% | -4.3% | ||
| Q1 25 | 15.7% | -4.3% | ||
| Q4 24 | 15.2% | 0.6% | ||
| Q3 24 | 18.0% | 1.6% | ||
| Q2 24 | 16.1% | 3.5% | ||
| Q1 24 | 13.8% | 0.2% |
每股收益（稀释后）ALLEPII
| Q4 25 | $1.70 | $-5.34 | ||
| Q3 25 | $2.18 | $-0.28 | ||
| Q2 25 | $1.85 | $-1.39 | ||
| Q1 25 | $1.71 | $-1.17 | ||
| Q4 24 | $1.65 | $0.18 | ||
| Q3 24 | $1.99 | $0.49 | ||
| Q2 24 | $1.77 | $1.21 | ||
| Q1 24 | $1.41 | $0.07 |
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 | $356.2M | $138.0M |
| 总债务越低越好 | $2.0B | $1.5B |
| 股东权益账面价值 | $2.1B | $828.4M |
| 总资产 | $5.2B | $4.9B |
| 负债/权益比越低杠杆越低 | 0.96× | 1.82× |
8季度趋势，按日历期对齐
现金及短期投资ALLEPII
| Q4 25 | $356.2M | $138.0M | ||
| Q3 25 | $302.7M | $335.5M | ||
| Q2 25 | $656.8M | $324.3M | ||
| Q1 25 | $494.5M | $291.7M | ||
| Q4 24 | $503.8M | $287.8M | ||
| Q3 24 | $878.9M | $291.3M | ||
| Q2 24 | $747.5M | $322.7M | ||
| Q1 24 | $391.8M | $318.8M |
总债务ALLEPII
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.0B | $2.0B |
股东权益ALLEPII
| Q4 25 | $2.1B | $828.4M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.4B |
总资产ALLEPII
| Q4 25 | $5.2B | $4.9B | ||
| Q3 25 | $5.2B | $5.3B | ||
| Q2 25 | $4.9B | $5.4B | ||
| Q1 25 | $4.6B | $5.5B | ||
| Q4 24 | $4.5B | $5.5B | ||
| Q3 24 | $5.0B | $5.6B | ||
| Q2 24 | $4.8B | $5.7B | ||
| Q1 24 | $4.3B | $5.6B |
负债/权益比ALLEPII
| Q4 25 | 0.96× | 1.82× | ||
| Q3 25 | 1.07× | 1.13× | ||
| Q2 25 | 1.16× | 1.17× | ||
| Q1 25 | 1.24× | 1.32× | ||
| Q4 24 | 1.33× | 1.27× | ||
| Q3 24 | 1.53× | 1.29× | ||
| Q2 24 | 1.69× | 1.56× | ||
| Q1 24 | 1.49× | 1.46× |
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 | $240.1M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $114.0M |
| 自由现金流率自由现金流/营收 | 19.4% | 5.9% |
| 资本支出强度资本支出/营收 | 3.8% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $685.7M | $558.1M |
8季度趋势，按日历期对齐
经营现金流ALLEPII
| Q4 25 | $240.1M | $178.7M | ||
| Q3 25 | $229.5M | $158.8M | ||
| Q2 25 | $209.7M | $320.3M | ||
| Q1 25 | $104.5M | $83.2M | ||
| Q4 24 | $219.0M | $206.3M | ||
| Q3 24 | $231.9M | $21.0M | ||
| Q2 24 | $173.0M | $146.3M | ||
| Q1 24 | $51.1M | $-105.4M |
自由现金流ALLEPII
| Q4 25 | $200.5M | $114.0M | ||
| Q3 25 | $209.8M | $116.7M | ||
| Q2 25 | $192.0M | $279.8M | ||
| Q1 25 | $83.4M | $47.6M | ||
| Q4 24 | $194.9M | $137.3M | ||
| Q3 24 | $212.0M | $-32.4M | ||
| Q2 24 | $152.1M | $79.1M | ||
| Q1 24 | $23.9M | $-177.5M |
自由现金流率ALLEPII
| Q4 25 | 19.4% | 5.9% | ||
| Q3 25 | 19.6% | 6.3% | ||
| Q2 25 | 18.8% | 15.1% | ||
| Q1 25 | 8.9% | 3.1% | ||
| Q4 24 | 20.6% | 7.8% | ||
| Q3 24 | 21.9% | -1.9% | ||
| Q2 24 | 15.8% | 4.0% | ||
| Q1 24 | 2.7% | -10.2% |
资本支出强度ALLEPII
| Q4 25 | 3.8% | 3.4% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 2.5% | 3.9% | ||
| Q3 24 | 2.1% | 3.1% | ||
| Q2 24 | 2.2% | 3.4% | ||
| Q1 24 | 3.0% | 4.2% |
现金转化率ALLEPII
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | 19.46× | ||
| Q3 24 | 1.33× | 0.76× | ||
| Q2 24 | 1.11× | 2.13× | ||
| Q1 24 | 0.41× | -27.74× |
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
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
PII
| Wholegoods | $1.1B | 58% |
| Other | $243.3M | 13% |
| On Road Segment | $187.2M | 10% |
| Marine Segment | $138.3M | 7% |
| CA | $134.5M | 7% |
| APLA | $76.7M | 4% |
| Financial Service | $19.7M | 1% |
