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Amentum Holdings, Inc.（AMTM）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是Amentum Holdings, Inc.的1.6倍（$5.2B vs $3.2B），Steel Dynamics净利率更高（7.7% vs 1.4%，领先6.3%），Steel Dynamics同比增速更快（17.9% vs -5.2%），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 6.0%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
AMTM vs STLD — 直观对比
营收规模更大
STLD
是对方的1.6倍
$3.2B
营收增速更快
STLD
高出23.2%
-5.2%
净利率更高
STLD
高出6.3%
1.4%
两年增速更快
AMTM
近两年复合增速
6.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $5.2B |
| 净利润 | $44.0M | $400.1M |
| 毛利率 | 10.1% | 14.7% |
| 营业利润率 | 4.3% | 10.3% |
| 净利率 | 1.4% | 7.7% |
| 营收同比 | -5.2% | 17.9% |
| 净利润同比 | 266.7% | 51.3% |
| 每股收益（稀释后） | $0.18 | $2.78 |
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AMTMSTLD
| Q1 26 | $3.2B | $5.2B | ||
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $3.6B | $4.6B | ||
| Q1 25 | $3.5B | $4.4B | ||
| Q4 24 | $3.4B | $3.9B | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.1B | $4.6B |
净利润AMTMSTLD
| Q1 26 | $44.0M | $400.1M | ||
| Q4 25 | $40.0M | $266.0M | ||
| Q3 25 | — | $403.7M | ||
| Q2 25 | $10.0M | $298.7M | ||
| Q1 25 | $4.0M | $217.2M | ||
| Q4 24 | $12.0M | $207.3M | ||
| Q3 24 | $26.0M | $317.8M | ||
| Q2 24 | $-26.0M | $428.0M |
毛利率AMTMSTLD
| Q1 26 | 10.1% | 14.7% | ||
| Q4 25 | 10.6% | 12.0% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | 10.3% | 13.5% | ||
| Q1 25 | 10.5% | 11.1% | ||
| Q4 24 | 10.6% | 11.4% | ||
| Q3 24 | 9.0% | 13.9% | ||
| Q2 24 | 9.6% | 16.7% |
营业利润率AMTMSTLD
| Q1 26 | 4.3% | 10.3% | ||
| Q4 25 | 3.4% | 7.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | 2.9% | 8.4% | ||
| Q1 25 | 3.2% | 6.3% | ||
| Q4 24 | 3.9% | 6.1% | ||
| Q3 24 | 1.2% | 9.1% | ||
| Q2 24 | 4.2% | 12.1% |
净利率AMTMSTLD
| Q1 26 | 1.4% | 7.7% | ||
| Q4 25 | 1.0% | 6.0% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | 0.3% | 6.5% | ||
| Q1 25 | 0.1% | 5.0% | ||
| Q4 24 | 0.4% | 5.4% | ||
| Q3 24 | 1.2% | 7.3% | ||
| Q2 24 | -1.2% | 9.2% |
每股收益（稀释后）AMTMSTLD
| Q1 26 | $0.18 | $2.78 | ||
| Q4 25 | $0.16 | $1.80 | ||
| Q3 25 | — | $2.74 | ||
| Q2 25 | $0.04 | $2.01 | ||
| Q1 25 | $0.02 | $1.44 | ||
| Q4 24 | $0.05 | $1.40 | ||
| Q3 24 | $0.31 | $2.05 | ||
| Q2 24 | $-0.29 | $2.72 |
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 | $247.0M | $556.5M |
| 总债务越低越好 | $3.9B | $4.2B |
| 股东权益账面价值 | $4.6B | $9.0B |
| 总资产 | $11.2B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AMTMSTLD
| Q1 26 | $247.0M | $556.5M | ||
| Q4 25 | $437.0M | $769.9M | ||
| Q3 25 | — | $770.4M | ||
| Q2 25 | $738.0M | $497.6M | ||
| Q1 25 | $546.0M | $1.2B | ||
| Q4 24 | $522.0M | $737.3M | ||
| Q3 24 | $452.0M | $1.7B | ||
| Q2 24 | — | $1.2B |
总债务AMTMSTLD
| Q1 26 | $3.9B | $4.2B | ||
| Q4 25 | $3.9B | $4.2B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $4.5B | $3.8B | ||
| Q1 25 | $4.7B | $4.2B | ||
| Q4 24 | $4.7B | $3.2B | ||
| Q3 24 | $4.7B | $3.7B | ||
| Q2 24 | — | $3.1B |
股东权益AMTMSTLD
| Q1 26 | $4.6B | $9.0B | ||
| Q4 25 | $4.5B | $9.0B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $4.5B | $8.9B | ||
| Q1 25 | $4.4B | $8.8B | ||
| Q4 24 | $4.5B | $8.9B | ||
| Q3 24 | $4.5B | $9.1B | ||
| Q2 24 | $303.0M | $9.1B |
总资产AMTMSTLD
| Q1 26 | $11.2B | $16.7B | ||
| Q4 25 | $11.5B | $16.4B | ||
| Q3 25 | — | $16.0B | ||
| Q2 25 | $11.8B | $15.5B | ||
| Q1 25 | $12.0B | $15.9B | ||
| Q4 24 | $11.9B | $14.9B | ||
| Q3 24 | $12.0B | $15.7B | ||
| Q2 24 | — | $15.1B |
负债/权益比AMTMSTLD
| Q1 26 | 0.86× | 0.47× | ||
| Q4 25 | 0.88× | 0.47× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | 1.01× | 0.43× | ||
| Q1 25 | 1.06× | 0.48× | ||
| Q4 24 | 1.05× | 0.36× | ||
| Q3 24 | 1.05× | 0.41× | ||
| Q2 24 | — | 0.34× |
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 | $-136.0M | $148.3M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | — |
| 自由现金流率自由现金流/营收 | -4.4% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | -3.09× | 0.37× |
| 过去12个月自由现金流最近4个季度 | $272.0M | — |
8季度趋势，按日历期对齐
经营现金流AMTMSTLD
| Q1 26 | $-136.0M | $148.3M | ||
| Q4 25 | $270.0M | $272.7M | ||
| Q3 25 | — | $722.6M | ||
| Q2 25 | $106.0M | $301.6M | ||
| Q1 25 | $57.0M | $152.6M | ||
| Q4 24 | $110.0M | $346.9M | ||
| Q3 24 | — | $759.9M | ||
| Q2 24 | — | $382.6M |
自由现金流AMTMSTLD
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $84.2M | ||
| Q3 25 | — | $556.9M | ||
| Q2 25 | $100.0M | $13.3M | ||
| Q1 25 | $53.0M | $-152.9M | ||
| Q4 24 | $102.0M | $-106.3M | ||
| Q3 24 | — | $138.5M | ||
| Q2 24 | — | $-36.6M |
自由现金流率AMTMSTLD
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 1.9% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | 2.8% | 0.3% | ||
| Q1 25 | 1.5% | -3.5% | ||
| Q4 24 | 3.0% | -2.7% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | -0.8% |
资本支出强度AMTMSTLD
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 4.3% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 0.2% | 6.3% | ||
| Q1 25 | 0.1% | 7.0% | ||
| Q4 24 | 0.2% | 11.7% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 9.0% |
现金转化率AMTMSTLD
| Q1 26 | -3.09× | 0.37× | ||
| Q4 25 | 6.75× | 1.03× | ||
| Q3 25 | — | 1.79× | ||
| Q2 25 | 10.60× | 1.01× | ||
| Q1 25 | 14.25× | 0.70× | ||
| Q4 24 | 9.17× | 1.67× | ||
| Q3 24 | — | 2.39× | ||
| Q2 24 | — | 0.89× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
