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安朗杰（ALLE）与托尔工业（THO）财务数据对比。点击上方公司名可切换其他公司
托尔工业的季度营收约是安朗杰的2.3倍（$2.4B vs $1.0B）。安朗杰净利率更高（14.3% vs 0.9%，领先13.4%）。托尔工业同比增速更快（11.5% vs 9.3%）。安朗杰自由现金流更多（$200.5M vs $-74.8M）。过去两年安朗杰的营收复合增速更高（7.5% vs 4.0%）
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
托尔工业是美国知名休闲房车（RV）生产商，旗下拥有Airstream、Heartland RV、Jayco等多个子品牌，主营拖挂式及自行式休闲房车的生产销售，总部位于印第安纳州埃尔克哈特，在密歇根、俄亥俄、爱达荷、俄勒冈等多个州设有生产基地。
ALLE vs THO — 直观对比
营收规模更大
THO
是对方的2.3倍
$1.0B
营收增速更快
THO
高出2.2%
9.3%
净利率更高
ALLE
高出13.4%
0.9%
自由现金流更多
ALLE
多$275.3M
$-74.8M
两年增速更快
ALLE
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.4B |
| 净利润 | $147.5M | $21.7M |
| 毛利率 | 44.5% | 13.4% |
| 营业利润率 | 20.3% | 1.4% |
| 净利率 | 14.3% | 0.9% |
| 营收同比 | 9.3% | 11.5% |
| 净利润同比 | 2.4% | 1282.8% |
| 每股收益（稀释后） | $1.70 | $0.41 |
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ALLETHO
| Q4 25 | $1.0B | $2.4B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.0B | $2.9B | ||
| Q1 25 | $941.9M | $2.0B | ||
| Q4 24 | $945.6M | $2.1B | ||
| Q3 24 | $967.1M | $2.5B | ||
| Q2 24 | $965.6M | $2.8B | ||
| Q1 24 | $893.9M | $2.2B |
净利润ALLETHO
| Q4 25 | $147.5M | $21.7M | ||
| Q3 25 | $188.4M | $125.8M | ||
| Q2 25 | $159.7M | $135.2M | ||
| Q1 25 | $148.2M | $-551.0K | ||
| Q4 24 | $144.1M | $-1.8M | ||
| Q3 24 | $174.2M | $90.0M | ||
| Q2 24 | $155.4M | $114.5M | ||
| Q1 24 | $123.8M | $7.2M |
毛利率ALLETHO
| Q4 25 | 44.5% | 13.4% | ||
| Q3 25 | 45.8% | 14.7% | ||
| Q2 25 | 45.6% | 15.3% | ||
| Q1 25 | 44.9% | 12.1% | ||
| Q4 24 | 44.1% | 13.1% | ||
| Q3 24 | 44.7% | 15.8% | ||
| Q2 24 | 44.4% | 15.1% | ||
| Q1 24 | 43.8% | 12.3% |
营业利润率ALLETHO
| Q4 25 | 20.3% | 1.4% | ||
| Q3 25 | 21.8% | 5.7% | ||
| Q2 25 | 21.5% | 5.4% | ||
| Q1 25 | 20.9% | -0.1% | ||
| Q4 24 | 19.5% | -0.1% | ||
| Q3 24 | 22.2% | 5.0% | ||
| Q2 24 | 21.6% | 5.1% | ||
| Q1 24 | 19.3% | 0.3% |
净利率ALLETHO
| Q4 25 | 14.3% | 0.9% | ||
| Q3 25 | 17.6% | 5.0% | ||
| Q2 25 | 15.6% | 4.7% | ||
| Q1 25 | 15.7% | -0.0% | ||
| Q4 24 | 15.2% | -0.1% | ||
| Q3 24 | 18.0% | 3.6% | ||
| Q2 24 | 16.1% | 4.1% | ||
| Q1 24 | 13.8% | 0.3% |
每股收益（稀释后）ALLETHO
| Q4 25 | $1.70 | $0.41 | ||
| Q3 25 | $2.18 | $2.35 | ||
| Q2 25 | $1.85 | $2.53 | ||
| Q1 25 | $1.71 | $-0.01 | ||
| Q4 24 | $1.65 | $-0.03 | ||
| Q3 24 | $1.99 | $1.69 | ||
| Q2 24 | $1.77 | $2.13 | ||
| Q1 24 | $1.41 | $0.13 |
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 | $509.9M |
| 总债务越低越好 | $2.0B | $916.0M |
| 股东权益账面价值 | $2.1B | $4.3B |
| 总资产 | $5.2B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资ALLETHO
| Q4 25 | $356.2M | $509.9M | ||
| Q3 25 | $302.7M | $586.6M | ||
| Q2 25 | $656.8M | $508.3M | ||
| Q1 25 | $494.5M | $373.8M | ||
| Q4 24 | $503.8M | $445.2M | ||
| Q3 24 | $878.9M | $501.3M | ||
| Q2 24 | $747.5M | $371.8M | ||
| Q1 24 | $391.8M | $340.2M |
总债务ALLETHO
| Q4 25 | $2.0B | $916.0M | ||
| Q3 25 | $2.1B | $923.0M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.0B | $1.4B |
股东权益ALLETHO
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $1.9B | $4.3B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.6B | $4.0B | ||
| Q4 24 | $1.5B | $4.1B | ||
| Q3 24 | $1.6B | $4.1B | ||
| Q2 24 | $1.4B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B |
总资产ALLETHO
| Q4 25 | $5.2B | $7.0B | ||
| Q3 25 | $5.2B | $7.1B | ||
| Q2 25 | $4.9B | $7.2B | ||
| Q1 25 | $4.6B | $6.7B | ||
| Q4 24 | $4.5B | $6.9B | ||
| Q3 24 | $5.0B | $7.0B | ||
| Q2 24 | $4.8B | $7.2B | ||
| Q1 24 | $4.3B | $7.2B |
负债/权益比ALLETHO
| Q4 25 | 0.96× | 0.21× | ||
| Q3 25 | 1.07× | 0.22× | ||
| Q2 25 | 1.16× | 0.24× | ||
| Q1 25 | 1.24× | 0.26× | ||
| Q4 24 | 1.33× | 0.27× | ||
| Q3 24 | 1.53× | 0.28× | ||
| Q2 24 | 1.69× | 0.31× | ||
| Q1 24 | 1.49× | 0.36× |
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 | $-44.9M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $-74.8M |
| 自由现金流率自由现金流/营收 | 19.4% | -3.1% |
| 资本支出强度资本支出/营收 | 3.8% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.63× | -2.07× |
| 过去12个月自由现金流最近4个季度 | $685.7M | $375.1M |
8季度趋势，按日历期对齐
经营现金流ALLETHO
| Q4 25 | $240.1M | $-44.9M | ||
| Q3 25 | $229.5M | $258.7M | ||
| Q2 25 | $209.7M | $257.7M | ||
| Q1 25 | $104.5M | $30.8M | ||
| Q4 24 | $219.0M | $30.7M | ||
| Q3 24 | $231.9M | $338.0M | ||
| Q2 24 | $173.0M | $251.7M | ||
| Q1 24 | $51.1M | $-103.9M |
自由现金流ALLETHO
| Q4 25 | $200.5M | $-74.8M | ||
| Q3 25 | $209.8M | $221.6M | ||
| Q2 25 | $192.0M | $222.5M | ||
| Q1 25 | $83.4M | $5.8M | ||
| Q4 24 | $194.9M | $6.4M | ||
| Q3 24 | $212.0M | $301.3M | ||
| Q2 24 | $152.1M | $225.4M | ||
| Q1 24 | $23.9M | $-140.2M |
自由现金流率ALLETHO
| Q4 25 | 19.4% | -3.1% | ||
| Q3 25 | 19.6% | 8.8% | ||
| Q2 25 | 18.8% | 7.7% | ||
| Q1 25 | 8.9% | 0.3% | ||
| Q4 24 | 20.6% | 0.3% | ||
| Q3 24 | 21.9% | 11.9% | ||
| Q2 24 | 15.8% | 8.0% | ||
| Q1 24 | 2.7% | -6.4% |
资本支出强度ALLETHO
| Q4 25 | 3.8% | 1.3% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 1.7% | 1.2% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 2.5% | 1.1% | ||
| Q3 24 | 2.1% | 1.4% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 3.0% | 1.6% |
现金转化率ALLETHO
| Q4 25 | 1.63× | -2.07× | ||
| Q3 25 | 1.22× | 2.06× | ||
| Q2 25 | 1.31× | 1.91× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | 3.76× | ||
| Q2 24 | 1.11× | 2.20× | ||
| Q1 24 | 0.41× | -14.39× |
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% |
THO
| Other | $417.1M | 17% |
| Travel Trailers | $403.6M | 17% |
| Motorcaravan | $391.9M | 16% |
| Fifth Wheels Towables | $306.9M | 13% |
| Classc Motorized | $297.2M | 12% |
| Campervan | $188.3M | 8% |
| Classa Motorized | $169.9M | 7% |
| Classb Motorized | $110.0M | 5% |
| Other Rv Related | $70.0M | 3% |
| Caravan | $34.3M | 1% |
