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艾里逊变速箱控股公司（ALSN）与安波福（APTV）财务数据对比。点击上方公司名可切换其他公司
安波福的季度营收约是艾里逊变速箱控股公司的7.0倍（$5.2B vs $737.0M）。艾里逊变速箱控股公司净利率更高（13.4% vs 2.7%，领先10.8%）。安波福同比增速更快（5.0% vs -7.4%）。安波福自由现金流更多（$651.0M vs $169.0M）。过去两年安波福的营收复合增速更高（2.5% vs -3.4%）
艾里逊变速箱控股公司是美国商用自动变速箱及混合动力推进系统生产商，产品获全球250余家整车厂商指定采用，广泛应用于公交、环卫、消防、工程建设、物流配送、军工等多个领域及特种作业场景。
安波福（Aptiv）是源自美国的全球知名汽车技术供应商，总部设于瑞士沙夫豪森。其前身是通用汽车旗下的零部件业务板块，后独立为德尔福汽车系统，经业务拆分重组后正式成立安波福，服务全球各大整车制造企业。
ALSN vs APTV — 直观对比
营收规模更大
APTV
是对方的7.0倍
$737.0M
营收增速更快
APTV
高出12.4%
-7.4%
净利率更高
ALSN
高出10.8%
2.7%
自由现金流更多
APTV
多$482.0M
$169.0M
两年增速更快
APTV
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $737.0M | $5.2B |
| 净利润 | $99.0M | $138.0M |
| 毛利率 | 48.0% | 18.7% |
| 营业利润率 | 23.2% | 8.2% |
| 净利率 | 13.4% | 2.7% |
| 营收同比 | -7.4% | 5.0% |
| 净利润同比 | -43.4% | -48.5% |
| 每股收益（稀释后） | $1.18 | $0.63 |
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ALSNAPTV
| Q4 25 | $737.0M | $5.2B | ||
| Q3 25 | $693.0M | $5.2B | ||
| Q2 25 | $814.0M | $5.2B | ||
| Q1 25 | $766.0M | $4.8B | ||
| Q4 24 | $796.0M | $4.9B | ||
| Q3 24 | $824.0M | $4.9B | ||
| Q2 24 | $816.0M | $5.1B | ||
| Q1 24 | $789.0M | $4.9B |
净利润ALSNAPTV
| Q4 25 | $99.0M | $138.0M | ||
| Q3 25 | $137.0M | $-355.0M | ||
| Q2 25 | $195.0M | $393.0M | ||
| Q1 25 | $192.0M | $-11.0M | ||
| Q4 24 | $175.0M | $268.0M | ||
| Q3 24 | $200.0M | $363.0M | ||
| Q2 24 | $187.0M | $938.0M | ||
| Q1 24 | $169.0M | $218.0M |
毛利率ALSNAPTV
| Q4 25 | 48.0% | 18.7% | ||
| Q3 25 | 47.5% | 19.5% | ||
| Q2 25 | 49.4% | 19.1% | ||
| Q1 25 | 49.3% | 19.1% | ||
| Q4 24 | 46.9% | 19.6% | ||
| Q3 24 | 48.1% | 18.6% | ||
| Q2 24 | 48.3% | 19.2% | ||
| Q1 24 | 46.4% | 17.9% |
营业利润率ALSNAPTV
| Q4 25 | 23.2% | 8.2% | ||
| Q3 25 | 29.4% | -3.4% | ||
| Q2 25 | 31.4% | 9.3% | ||
| Q1 25 | 32.5% | 9.3% | ||
| Q4 24 | 29.5% | 9.8% | ||
| Q3 24 | 31.6% | 10.4% | ||
| Q2 24 | 32.2% | 8.7% | ||
| Q1 24 | 29.7% | 8.5% |
净利率ALSNAPTV
| Q4 25 | 13.4% | 2.7% | ||
| Q3 25 | 19.8% | -6.8% | ||
| Q2 25 | 24.0% | 7.5% | ||
| Q1 25 | 25.1% | -0.2% | ||
| Q4 24 | 22.0% | 5.5% | ||
| Q3 24 | 24.3% | 7.5% | ||
| Q2 24 | 22.9% | 18.6% | ||
| Q1 24 | 21.4% | 4.4% |
每股收益（稀释后）ALSNAPTV
| Q4 25 | $1.18 | $0.63 | ||
| Q3 25 | $1.63 | $-1.63 | ||
| Q2 25 | $2.29 | $1.80 | ||
| Q1 25 | $2.23 | $-0.05 | ||
| Q4 24 | $2.01 | $1.22 | ||
| Q3 24 | $2.27 | $1.48 | ||
| Q2 24 | $2.13 | $3.47 | ||
| Q1 24 | $1.90 | $0.79 |
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 | $1.5B | $1.9B |
| 总债务越低越好 | $2.9B | $7.5B |
| 股东权益账面价值 | $1.9B | $9.2B |
| 总资产 | $6.1B | $23.4B |
| 负债/权益比越低杠杆越低 | 1.56× | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资ALSNAPTV
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $902.0M | $1.6B | ||
| Q2 25 | $778.0M | $1.4B | ||
| Q1 25 | $753.0M | $1.1B | ||
| Q4 24 | $781.0M | $1.6B | ||
| Q3 24 | $788.0M | $1.8B | ||
| Q2 24 | $648.0M | $2.2B | ||
| Q1 24 | $551.0M | $941.0M |
总债务ALSNAPTV
| Q4 25 | $2.9B | $7.5B | ||
| Q3 25 | $2.4B | $7.6B | ||
| Q2 25 | $2.4B | $7.8B | ||
| Q1 25 | $2.4B | $7.6B | ||
| Q4 24 | $2.4B | $7.8B | ||
| Q3 24 | $2.4B | $8.3B | ||
| Q2 24 | $2.4B | $5.5B | ||
| Q1 24 | $2.4B | $4.7B |
股东权益ALSNAPTV
| Q4 25 | $1.9B | $9.2B | ||
| Q3 25 | $1.8B | $9.3B | ||
| Q2 25 | $1.8B | $9.7B | ||
| Q1 25 | $1.7B | $9.0B | ||
| Q4 24 | $1.7B | $8.8B | ||
| Q3 24 | $1.6B | $8.9B | ||
| Q2 24 | $1.5B | $11.5B | ||
| Q1 24 | $1.3B | $11.1B |
总资产ALSNAPTV
| Q4 25 | $6.1B | $23.4B | ||
| Q3 25 | $5.5B | $23.5B | ||
| Q2 25 | $5.4B | $23.9B | ||
| Q1 25 | $5.4B | $23.1B | ||
| Q4 24 | $5.3B | $23.5B | ||
| Q3 24 | $5.4B | $24.8B | ||
| Q2 24 | $5.2B | $24.8B | ||
| Q1 24 | $5.1B | $23.6B |
负债/权益比ALSNAPTV
| Q4 25 | 1.56× | 0.81× | ||
| Q3 25 | 1.31× | 0.82× | ||
| Q2 25 | 1.38× | 0.80× | ||
| Q1 25 | 1.45× | 0.85× | ||
| Q4 24 | 1.46× | 0.89× | ||
| Q3 24 | 1.49× | 0.93× | ||
| Q2 24 | 1.63× | 0.48× | ||
| Q1 24 | 1.80× | 0.42× |
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 | $243.0M | $818.0M |
| 自由现金流经营现金流 - 资本支出 | $169.0M | $651.0M |
| 自由现金流率自由现金流/营收 | 22.9% | 12.6% |
| 资本支出强度资本支出/营收 | 10.0% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.45× | 5.93× |
| 过去12个月自由现金流最近4个季度 | $661.0M | $1.5B |
8季度趋势，按日历期对齐
经营现金流ALSNAPTV
| Q4 25 | $243.0M | $818.0M | ||
| Q3 25 | $228.0M | $584.0M | ||
| Q2 25 | $184.0M | $510.0M | ||
| Q1 25 | $181.0M | $273.0M | ||
| Q4 24 | $211.0M | $1.1B | ||
| Q3 24 | $246.0M | $499.0M | ||
| Q2 24 | $171.0M | $643.0M | ||
| Q1 24 | $173.0M | $244.0M |
自由现金流ALSNAPTV
| Q4 25 | $169.0M | $651.0M | ||
| Q3 25 | $184.0M | $441.0M | ||
| Q2 25 | $153.0M | $361.0M | ||
| Q1 25 | $155.0M | $76.0M | ||
| Q4 24 | $136.0M | $894.0M | ||
| Q3 24 | $210.0M | $326.0M | ||
| Q2 24 | $150.0M | $417.0M | ||
| Q1 24 | $162.0M | $-21.0M |
自由现金流率ALSNAPTV
| Q4 25 | 22.9% | 12.6% | ||
| Q3 25 | 26.6% | 8.5% | ||
| Q2 25 | 18.8% | 6.9% | ||
| Q1 25 | 20.2% | 1.6% | ||
| Q4 24 | 17.1% | 18.2% | ||
| Q3 24 | 25.5% | 6.7% | ||
| Q2 24 | 18.4% | 8.3% | ||
| Q1 24 | 20.5% | -0.4% |
资本支出强度ALSNAPTV
| Q4 25 | 10.0% | 3.2% | ||
| Q3 25 | 6.3% | 2.7% | ||
| Q2 25 | 3.8% | 2.9% | ||
| Q1 25 | 3.4% | 4.1% | ||
| Q4 24 | 9.4% | 3.4% | ||
| Q3 24 | 4.4% | 3.6% | ||
| Q2 24 | 2.6% | 4.5% | ||
| Q1 24 | 1.4% | 5.4% |
现金转化率ALSNAPTV
| Q4 25 | 2.45× | 5.93× | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 0.94× | 1.30× | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.21× | 3.96× | ||
| Q3 24 | 1.23× | 1.37× | ||
| Q2 24 | 0.91× | 0.69× | ||
| Q1 24 | 1.02× | 1.12× |
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
ALSN
| North America On Highway | $361.0M | 49% |
| Service Parts Support Equipment And Other | $160.0M | 22% |
| Outside North America On Highway | $131.0M | 18% |
| Defense | $73.0M | 10% |
| Global Off-Highway | $12.0M | 2% |
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
