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美国铁塔（AMT）与AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）财务数据对比。点击上方公司名可切换其他公司
美国铁塔的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的2.0倍（$2.7B vs $1.4B），美国铁塔净利率更高（110.1% vs -5.4%，领先115.6%），美国铁塔同比增速更快（6.8% vs 0.2%），美国铁塔自由现金流更多（$941.0M vs $54.7M），过去两年美国铁塔的营收复合增速更高（3.7% vs -7.2%）
美国铁塔是全球规模最大的房地产投资信托基金（REIT）之一，作为领先的独立多租户通信地产持有、运营及开发商，目前在全球范围内拥有约21.9万个通信站点，为全球通信产业提供可靠的基础设施支持。
美国车桥制造控股有限公司总部位于密歇根州底特律，是一家美国汽车传动轴与动力传动系统零部件及系统制造商，在汽车传动领域拥有成熟的技术与产能，为全球多家车企供应相关核心配件。
AMT vs AXL — 直观对比
营收规模更大
AMT
是对方的2.0倍
$1.4B
营收增速更快
AMT
高出6.6%
0.2%
净利率更高
AMT
高出115.6%
-5.4%
自由现金流更多
AMT
多$886.3M
$54.7M
两年增速更快
AMT
近两年复合增速
-7.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $3.0B | $-75.3M |
| 毛利率 | — | 10.2% |
| 营业利润率 | 0.0% | -2.4% |
| 净利率 | 110.1% | -5.4% |
| 营收同比 | 6.8% | 0.2% |
| 净利润同比 | -2.6% | -449.6% |
| 每股收益（稀释后） | — | $-0.62 |
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AMTAXL
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.6B |
净利润AMTAXL
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $-75.3M | ||
| Q3 25 | $912.6M | $9.2M | ||
| Q2 25 | $380.5M | $39.3M | ||
| Q1 25 | $498.6M | $7.1M | ||
| Q4 24 | $1.2B | $-13.7M | ||
| Q3 24 | $-780.4M | $10.0M | ||
| Q2 24 | $908.4M | $18.2M |
毛利率AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 13.3% |
营业利润率AMTAXL
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | -2.4% | ||
| Q3 25 | 45.4% | 3.2% | ||
| Q2 25 | 45.6% | 3.6% | ||
| Q1 25 | 48.9% | 3.0% | ||
| Q4 24 | 42.4% | 2.6% | ||
| Q3 24 | 45.2% | 2.8% | ||
| Q2 24 | 45.4% | 5.3% |
净利率AMTAXL
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | -5.4% | ||
| Q3 25 | 33.6% | 0.6% | ||
| Q2 25 | 14.5% | 2.6% | ||
| Q1 25 | 19.5% | 0.5% | ||
| Q4 24 | 48.3% | -1.0% | ||
| Q3 24 | -30.9% | 0.7% | ||
| Q2 24 | 35.7% | 1.1% |
每股收益（稀释后）AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $-0.62 | ||
| Q3 25 | $1.82 | $0.07 | ||
| Q2 25 | $0.78 | $0.32 | ||
| Q1 25 | $1.04 | $0.06 | ||
| Q4 24 | $2.63 | $-0.11 | ||
| Q3 24 | $-1.69 | $0.08 | ||
| Q2 24 | $1.92 | $0.15 |
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 | $1.6B | $708.9M |
| 总债务越低越好 | — | $4.0B |
| 股东权益账面价值 | $10.2B | $640.0M |
| 总资产 | — | $6.7B |
| 负债/权益比越低杠杆越低 | — | 6.31× |
8季度趋势，按日历期对齐
现金及短期投资AMTAXL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $708.9M | ||
| Q3 25 | $2.0B | $714.1M | ||
| Q2 25 | $2.1B | $586.5M | ||
| Q1 25 | $2.1B | $549.2M | ||
| Q4 24 | $2.0B | $552.9M | ||
| Q3 24 | $2.2B | $542.5M | ||
| Q2 24 | $2.2B | $519.9M |
总债务AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $4.0B | ||
| Q3 25 | $34.9B | $2.6B | ||
| Q2 25 | $35.2B | $2.6B | ||
| Q1 25 | $34.0B | $2.6B | ||
| Q4 24 | $32.8B | $2.6B | ||
| Q3 24 | $33.4B | $2.6B | ||
| Q2 24 | $35.6B | $2.7B |
股东权益AMTAXL
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $640.0M | ||
| Q3 25 | $4.0B | $718.4M | ||
| Q2 25 | $3.7B | $673.0M | ||
| Q1 25 | $3.5B | $596.3M | ||
| Q4 24 | $3.4B | $562.8M | ||
| Q3 24 | $3.6B | $616.3M | ||
| Q2 24 | $3.9B | $609.6M |
总资产AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $6.7B | ||
| Q3 25 | $63.9B | $5.3B | ||
| Q2 25 | $63.8B | $5.3B | ||
| Q1 25 | $62.1B | $5.1B | ||
| Q4 24 | $61.1B | $5.1B | ||
| Q3 24 | $62.8B | $5.3B | ||
| Q2 24 | $65.8B | $5.3B |
负债/权益比AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 6.31× | ||
| Q3 25 | 8.82× | 3.61× | ||
| Q2 25 | 9.48× | 3.86× | ||
| Q1 25 | 9.63× | 4.38× | ||
| Q4 24 | 9.70× | 4.58× | ||
| Q3 24 | 9.16× | 4.28× | ||
| Q2 24 | 9.24× | 4.42× |
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 | — | $120.5M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $54.7M |
| 自由现金流率自由现金流/营收 | 34.4% | 4.0% |
| 资本支出强度资本支出/营收 | 16.8% | 4.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $6.7B | $155.1M |
8季度趋势，按日历期对齐
经营现金流AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $120.5M | ||
| Q3 25 | $1.5B | $143.3M | ||
| Q2 25 | $1.3B | $91.9M | ||
| Q1 25 | $1.3B | $55.9M | ||
| Q4 24 | $5.3B | $151.2M | ||
| Q3 24 | $1.5B | $143.6M | ||
| Q2 24 | $1.3B | $142.8M |
自由现金流AMTAXL
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $54.7M | ||
| Q3 25 | $994.5M | $79.2M | ||
| Q2 25 | $976.9M | $34.6M | ||
| Q1 25 | $963.9M | $-13.4M | ||
| Q4 24 | $3.7B | $73.2M | ||
| Q3 24 | $1.0B | $70.4M | ||
| Q2 24 | $1.0B | $94.0M |
自由现金流率AMTAXL
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 4.0% | ||
| Q3 25 | 36.6% | 5.3% | ||
| Q2 25 | 37.2% | 2.3% | ||
| Q1 25 | 37.6% | -0.9% | ||
| Q4 24 | 145.3% | 5.3% | ||
| Q3 24 | 41.4% | 4.7% | ||
| Q2 24 | 39.8% | 5.8% |
资本支出强度AMTAXL
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 4.8% | ||
| Q3 25 | 17.1% | 4.3% | ||
| Q2 25 | 11.6% | 3.7% | ||
| Q1 25 | 12.9% | 4.9% | ||
| Q4 24 | 62.4% | 5.6% | ||
| Q3 24 | 16.8% | 4.9% | ||
| Q2 24 | 12.8% | 3.0% |
现金转化率AMTAXL
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.60× | 15.58× | ||
| Q2 25 | 3.37× | 2.34× | ||
| Q1 25 | 2.60× | 7.87× | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | 14.36× | ||
| Q2 24 | 1.47× | 7.85× |
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
AMT
暂无分部数据
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
