vs
Amentum Holdings, Inc.（AMTM）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
Amentum Holdings, Inc.的季度营收约是TransDigm Group的1.4倍（$3.2B vs $2.3B），TransDigm Group净利率更高（19.5% vs 1.4%，领先18.1%），TransDigm Group同比增速更快（13.9% vs -5.2%），TransDigm Group自由现金流更多（$772.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 9.1%）
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。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
AMTM vs TDG — 直观对比
营收规模更大
AMTM
是对方的1.4倍
$2.3B
营收增速更快
TDG
高出19.1%
-5.2%
净利率更高
TDG
高出18.1%
1.4%
自由现金流更多
TDG
多$914.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.3B |
| 净利润 | $44.0M | $445.0M |
| 毛利率 | 10.1% | 59.2% |
| 营业利润率 | 4.3% | 45.6% |
| 净利率 | 1.4% | 19.5% |
| 营收同比 | -5.2% | 13.9% |
| 净利润同比 | 266.7% | -9.7% |
| 每股收益（稀释后） | $0.18 | $6.62 |
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AMTMTDG
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $3.5B | $2.1B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.1B | $2.0B |
净利润AMTMTDG
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $445.0M | ||
| Q3 25 | — | $610.0M | ||
| Q2 25 | $10.0M | $492.0M | ||
| Q1 25 | $4.0M | $479.0M | ||
| Q4 24 | $12.0M | $493.0M | ||
| Q3 24 | $26.0M | $468.0M | ||
| Q2 24 | $-26.0M | $461.0M |
毛利率AMTMTDG
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 59.2% | ||
| Q3 25 | — | 60.3% | ||
| Q2 25 | 10.3% | 59.5% | ||
| Q1 25 | 10.5% | 59.3% | ||
| Q4 24 | 10.6% | 61.6% | ||
| Q3 24 | 9.0% | 57.5% | ||
| Q2 24 | 9.6% | 59.6% |
营业利润率AMTMTDG
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 45.6% | ||
| Q3 25 | — | 47.6% | ||
| Q2 25 | 2.9% | 46.4% | ||
| Q1 25 | 3.2% | 46.1% | ||
| Q4 24 | 3.9% | 48.6% | ||
| Q3 24 | 1.2% | 43.1% | ||
| Q2 24 | 4.2% | 45.7% |
净利率AMTMTDG
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 19.5% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | 0.3% | 22.0% | ||
| Q1 25 | 0.1% | 22.3% | ||
| Q4 24 | 0.4% | 24.6% | ||
| Q3 24 | 1.2% | 21.4% | ||
| Q2 24 | -1.2% | 22.5% |
每股收益（稀释后）AMTMTDG
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $6.62 | ||
| Q3 25 | — | $7.75 | ||
| Q2 25 | $0.04 | $8.47 | ||
| Q1 25 | $0.02 | $8.24 | ||
| Q4 24 | $0.05 | $7.62 | ||
| Q3 24 | $0.31 | $5.82 | ||
| Q2 24 | $-0.29 | $7.96 |
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 | $2.5B |
| 总债务越低越好 | $3.9B | $29.2B |
| 股东权益账面价值 | $4.6B | $-9.3B |
| 总资产 | $11.2B | $23.8B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资AMTMTDG
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $2.5B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $738.0M | $2.8B | ||
| Q1 25 | $546.0M | $2.4B | ||
| Q4 24 | $522.0M | $2.5B | ||
| Q3 24 | $452.0M | $6.3B | ||
| Q2 24 | — | $3.4B |
总债务AMTMTDG
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $29.2B | ||
| Q3 25 | — | $29.2B | ||
| Q2 25 | $4.5B | $24.3B | ||
| Q1 25 | $4.7B | $24.3B | ||
| Q4 24 | $4.7B | $24.3B | ||
| Q3 24 | $4.7B | $24.3B | ||
| Q2 24 | — | $21.4B |
股东权益AMTMTDG
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $-9.3B | ||
| Q3 25 | — | $-9.7B | ||
| Q2 25 | $4.5B | $-5.0B | ||
| Q1 25 | $4.4B | $-5.7B | ||
| Q4 24 | $4.5B | $-6.3B | ||
| Q3 24 | $4.5B | $-6.3B | ||
| Q2 24 | $303.0M | $-2.5B |
总资产AMTMTDG
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $23.8B | ||
| Q3 25 | — | $22.9B | ||
| Q2 25 | $11.8B | $22.7B | ||
| Q1 25 | $12.0B | $21.9B | ||
| Q4 24 | $11.9B | $21.5B | ||
| Q3 24 | $12.0B | $25.6B | ||
| Q2 24 | — | $21.8B |
负债/权益比AMTMTDG
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | — | — |
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 | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $772.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 33.8% |
| 资本支出强度资本支出/营收 | 0.2% | 2.6% |
| 现金转化率经营现金流/净利润 | -3.09× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $1.9B |
8季度趋势，按日历期对齐
经营现金流AMTMTDG
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $832.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | $106.0M | $631.0M | ||
| Q1 25 | $57.0M | $148.0M | ||
| Q4 24 | $110.0M | $752.0M | ||
| Q3 24 | — | $572.0M | ||
| Q2 24 | — | $608.0M |
自由现金流AMTMTDG
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $772.0M | ||
| Q3 25 | — | $441.0M | ||
| Q2 25 | $100.0M | $573.0M | ||
| Q1 25 | $53.0M | $92.0M | ||
| Q4 24 | $102.0M | $710.0M | ||
| Q3 24 | — | $531.0M | ||
| Q2 24 | — | $568.0M |
自由现金流率AMTMTDG
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 33.8% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 2.8% | 25.6% | ||
| Q1 25 | 1.5% | 4.3% | ||
| Q4 24 | 3.0% | 35.4% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.8% |
资本支出强度AMTMTDG
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.1% | 2.6% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.0% |
现金转化率AMTMTDG
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 1.87× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 10.60× | 1.28× | ||
| Q1 25 | 14.25× | 0.31× | ||
| Q4 24 | 9.17× | 1.53× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.32× |
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% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
