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Ametek（AME）与SPX Technologies, Inc.（SPXC）财务数据对比。点击上方公司名可切换其他公司
Ametek的季度营收约是SPX Technologies, Inc.的3.1倍（$2.0B vs $637.3M）。Ametek净利率更高（19.9% vs 12.2%，领先7.7%）。SPX Technologies, Inc.同比增速更快（19.4% vs 13.4%）。Ametek自由现金流更多（$527.3M vs $126.7M）。过去两年SPX Technologies, Inc.的营收复合增速更高（17.0% vs 7.3%）
AMETEK Inc.是美国跨国综合企业，为全球知名的电子仪器及机电设备设计商与制造商，总部位于美国，在全球范围内设有超过150个运营站点，业务覆盖多个国家和地区，为各行业客户提供高性能的相关产品及配套解决方案。
SPX Technologies是美国头部制造企业，总部位于北卡罗来纳州夏洛特市，业务布局暖通空调、检测测量、输发电及工程解决方案四大核心领域，产品涵盖冷却塔、锅炉、地下管线定位仪、电力变压器、热交换器等，旗下拥有Waukesha、Dielectric、Genfare等多个知名品牌。
AME vs SPXC — 直观对比
营收规模更大
AME
是对方的3.1倍
$637.3M
营收增速更快
SPXC
高出6.0%
13.4%
净利率更高
AME
高出7.7%
12.2%
自由现金流更多
AME
多$400.6M
$126.7M
两年增速更快
SPXC
近两年复合增速
7.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $637.3M |
| 净利润 | $398.6M | $77.9M |
| 毛利率 | 36.0% | 39.8% |
| 营业利润率 | 25.3% | 15.7% |
| 净利率 | 19.9% | 12.2% |
| 营收同比 | 13.4% | 19.4% |
| 净利润同比 | 2.9% | 36.4% |
| 每股收益（稀释后） | $1.73 | $1.56 |
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AMESPXC
| Q4 25 | $2.0B | $637.3M | ||
| Q3 25 | $1.9B | $592.8M | ||
| Q2 25 | $1.8B | $552.4M | ||
| Q1 25 | $1.7B | $482.6M | ||
| Q4 24 | $1.8B | $533.7M | ||
| Q3 24 | $1.7B | $483.7M | ||
| Q2 24 | $1.7B | $501.3M | ||
| Q1 24 | $1.7B | $465.2M |
净利润AMESPXC
| Q4 25 | $398.6M | $77.9M | ||
| Q3 25 | $371.4M | $62.7M | ||
| Q2 25 | $358.4M | $52.2M | ||
| Q1 25 | $351.8M | $51.2M | ||
| Q4 24 | $387.3M | $57.1M | ||
| Q3 24 | $340.2M | $50.2M | ||
| Q2 24 | $337.7M | $44.2M | ||
| Q1 24 | $310.9M | $49.0M |
毛利率AMESPXC
| Q4 25 | 36.0% | 39.8% | ||
| Q3 25 | 36.3% | 40.4% | ||
| Q2 25 | 35.8% | 41.4% | ||
| Q1 25 | 36.1% | 40.6% | ||
| Q4 24 | 36.6% | 40.9% | ||
| Q3 24 | 36.0% | 40.9% | ||
| Q2 24 | 36.0% | 40.1% | ||
| Q1 24 | 34.1% | 39.3% |
营业利润率AMESPXC
| Q4 25 | 25.3% | 15.7% | ||
| Q3 25 | 25.8% | 16.4% | ||
| Q2 25 | 26.0% | 15.7% | ||
| Q1 25 | 26.3% | 13.8% | ||
| Q4 24 | 26.6% | 16.9% | ||
| Q3 24 | 26.1% | 16.3% | ||
| Q2 24 | 25.8% | 14.9% | ||
| Q1 24 | 24.0% | 13.9% |
净利率AMESPXC
| Q4 25 | 19.9% | 12.2% | ||
| Q3 25 | 19.6% | 10.6% | ||
| Q2 25 | 20.2% | 9.4% | ||
| Q1 25 | 20.3% | 10.6% | ||
| Q4 24 | 22.0% | 10.7% | ||
| Q3 24 | 19.9% | 10.4% | ||
| Q2 24 | 19.5% | 8.8% | ||
| Q1 24 | 17.9% | 10.5% |
每股收益（稀释后）AMESPXC
| Q4 25 | $1.73 | $1.56 | ||
| Q3 25 | $1.60 | $1.28 | ||
| Q2 25 | $1.55 | $1.10 | ||
| Q1 25 | $1.52 | $1.09 | ||
| Q4 24 | $1.67 | $1.21 | ||
| Q3 24 | $1.47 | $1.06 | ||
| Q2 24 | $1.45 | $0.94 | ||
| Q1 24 | $1.34 | $1.05 |
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 | $458.0M | $364.0M |
| 总债务越低越好 | $2.3B | $496.7M |
| 股东权益账面价值 | $10.6B | $2.2B |
| 总资产 | $16.1B | $3.6B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资AMESPXC
| Q4 25 | $458.0M | $364.0M | ||
| Q3 25 | $439.2M | $229.4M | ||
| Q2 25 | $619.7M | $132.8M | ||
| Q1 25 | $399.0M | $177.8M | ||
| Q4 24 | $374.0M | $156.9M | ||
| Q3 24 | $396.3M | $124.8M | ||
| Q2 24 | $396.6M | $128.1M | ||
| Q1 24 | $373.8M | $100.5M |
总债务AMESPXC
| Q4 25 | $2.3B | $496.7M | ||
| Q3 25 | — | $499.8M | ||
| Q2 25 | — | $950.3M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | $2.1B | $577.0M | ||
| Q3 24 | — | $665.2M | ||
| Q2 24 | — | $509.9M | ||
| Q1 24 | — | $516.6M |
股东权益AMESPXC
| Q4 25 | $10.6B | $2.2B | ||
| Q3 25 | $10.5B | $2.1B | ||
| Q2 25 | $10.4B | $1.5B | ||
| Q1 25 | $10.0B | $1.4B | ||
| Q4 24 | $9.7B | $1.4B | ||
| Q3 24 | $9.6B | $1.4B | ||
| Q2 24 | $9.3B | $1.3B | ||
| Q1 24 | $9.0B | $1.2B |
总资产AMESPXC
| Q4 25 | $16.1B | $3.6B | ||
| Q3 25 | $16.2B | $3.4B | ||
| Q2 25 | $15.3B | $3.3B | ||
| Q1 25 | $14.9B | $3.1B | ||
| Q4 24 | $14.6B | $2.7B | ||
| Q3 24 | $14.8B | $2.8B | ||
| Q2 24 | $14.8B | $2.8B | ||
| Q1 24 | $14.9B | $2.8B |
负债/权益比AMESPXC
| Q4 25 | 0.21× | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.22× | 0.42× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 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 | $584.3M | $195.2M |
| 自由现金流经营现金流 - 资本支出 | $527.3M | $126.7M |
| 自由现金流率自由现金流/营收 | 26.4% | 19.9% |
| 资本支出强度资本支出/营收 | 2.9% | 10.7% |
| 现金转化率经营现金流/净利润 | 1.47× | 2.51× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $241.2M |
8季度趋势，按日历期对齐
经营现金流AMESPXC
| Q4 25 | $584.3M | $195.2M | ||
| Q3 25 | $440.9M | $106.5M | ||
| Q2 25 | $359.1M | $42.5M | ||
| Q1 25 | $417.5M | $-10.9M | ||
| Q4 24 | $550.0M | $166.5M | ||
| Q3 24 | $487.2M | $51.4M | ||
| Q2 24 | $381.4M | $57.5M | ||
| Q1 24 | $410.2M | $10.5M |
自由现金流AMESPXC
| Q4 25 | $527.3M | $126.7M | ||
| Q3 25 | $420.0M | $96.1M | ||
| Q2 25 | $329.8M | $34.8M | ||
| Q1 25 | $394.5M | $-16.4M | ||
| Q4 24 | $498.3M | $156.7M | ||
| Q3 24 | $460.9M | $43.5M | ||
| Q2 24 | $360.0M | $47.1M | ||
| Q1 24 | $382.6M | $600.0K |
自由现金流率AMESPXC
| Q4 25 | 26.4% | 19.9% | ||
| Q3 25 | 22.2% | 16.2% | ||
| Q2 25 | 18.5% | 6.3% | ||
| Q1 25 | 22.8% | -3.4% | ||
| Q4 24 | 28.3% | 29.4% | ||
| Q3 24 | 27.0% | 9.0% | ||
| Q2 24 | 20.8% | 9.4% | ||
| Q1 24 | 22.0% | 0.1% |
资本支出强度AMESPXC
| Q4 25 | 2.9% | 10.7% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.6% | 1.4% | ||
| Q1 25 | 1.3% | 1.1% | ||
| Q4 24 | 2.9% | 1.8% | ||
| Q3 24 | 1.5% | 1.6% | ||
| Q2 24 | 1.2% | 2.1% | ||
| Q1 24 | 1.6% | 2.1% |
现金转化率AMESPXC
| Q4 25 | 1.47× | 2.51× | ||
| Q3 25 | 1.19× | 1.70× | ||
| Q2 25 | 1.00× | 0.81× | ||
| Q1 25 | 1.19× | -0.21× | ||
| Q4 24 | 1.42× | 2.92× | ||
| Q3 24 | 1.43× | 1.02× | ||
| Q2 24 | 1.13× | 1.30× | ||
| Q1 24 | 1.32× | 0.21× |
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
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
SPXC
| Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions | $258.5M | 41% |
| Detectionand Measurement Reportable Segment | $206.2M | 32% |
| CA | $57.7M | 9% |
| Kranze Technology Solutions Inc | $37.9M | 6% |
| GB | $32.0M | 5% |
| Other Foreign Countries | $28.6M | 4% |
| Other | $16.4M | 3% |
