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APA Corporation（APA）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
APA Corporation的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.7倍（$2.3B vs $1.4B），APA Corporation净利率更高（19.2% vs -5.4%，领先24.6%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -11.7%），APA Corporation自由现金流更多（$477.0M vs $54.7M），过去两年AMERICAN AXLE & MANUFACTURING HOLDINGS INC的营收复合增速更高（-7.2% vs -9.5%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
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。
APA vs AXL — 直观对比
营收规模更大
APA
是对方的1.7倍
$1.4B
营收增速更快
AXL
高出11.9%
-11.7%
净利率更高
APA
高出24.6%
-5.4%
自由现金流更多
APA
多$422.3M
$54.7M
两年增速更快
AXL
近两年复合增速
-9.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $446.0M | $-75.3M |
| 毛利率 | — | 10.2% |
| 营业利润率 | — | -2.4% |
| 净利率 | 19.2% | -5.4% |
| 营收同比 | -11.7% | 0.2% |
| 净利润同比 | — | -449.6% |
| 每股收益（稀释后） | $1.26 | $-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APAAXL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.6B |
净利润APAAXL
| Q1 26 | $446.0M | — | ||
| Q4 25 | $331.0M | $-75.3M | ||
| Q3 25 | $205.0M | $9.2M | ||
| Q2 25 | $603.0M | $39.3M | ||
| Q1 25 | $418.0M | $7.1M | ||
| Q4 24 | $425.0M | $-13.7M | ||
| Q3 24 | $-223.0M | $10.0M | ||
| Q2 24 | $541.0M | $18.2M |
毛利率APAAXL
| 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APAAXL
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | -2.4% | ||
| Q3 25 | 33.7% | 3.2% | ||
| Q2 25 | 31.8% | 3.6% | ||
| Q1 25 | 31.9% | 3.0% | ||
| Q4 24 | 31.4% | 2.6% | ||
| Q3 24 | -5.2% | 2.8% | ||
| Q2 24 | 34.4% | 5.3% |
净利率APAAXL
| Q1 26 | 19.2% | — | ||
| Q4 25 | 15.0% | -5.4% | ||
| Q3 25 | 9.0% | 0.6% | ||
| Q2 25 | 26.0% | 2.6% | ||
| Q1 25 | 15.4% | 0.5% | ||
| Q4 24 | 14.6% | -1.0% | ||
| Q3 24 | -8.1% | 0.7% | ||
| Q2 24 | 19.0% | 1.1% |
每股收益（稀释后）APAAXL
| Q1 26 | $1.26 | — | ||
| Q4 25 | $0.79 | $-0.62 | ||
| Q3 25 | $0.57 | $0.07 | ||
| Q2 25 | $1.67 | $0.32 | ||
| Q1 25 | $0.96 | $0.06 | ||
| Q4 24 | $0.97 | $-0.11 | ||
| Q3 24 | $-0.60 | $0.08 | ||
| Q2 24 | $1.46 | $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 | $293.0K | $708.9M |
| 总债务越低越好 | $4.3M | $4.0B |
| 股东权益账面价值 | — | $640.0M |
| 总资产 | $18.1M | $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APAAXL
| Q1 26 | $293.0K | — | ||
| Q4 25 | $516.0M | $708.9M | ||
| Q3 25 | $475.0M | $714.1M | ||
| Q2 25 | $107.0M | $586.5M | ||
| Q1 25 | $67.0M | $549.2M | ||
| Q4 24 | $625.0M | $552.9M | ||
| Q3 24 | $64.0M | $542.5M | ||
| Q2 24 | $160.0M | $519.9M |
总债务APAAXL
| Q1 26 | $4.3M | — | ||
| Q4 25 | $4.3B | $4.0B | ||
| Q3 25 | $4.3B | $2.6B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $6.0B | $2.6B | ||
| Q3 24 | $6.4B | $2.6B | ||
| Q2 24 | $6.7B | $2.7B |
股东权益APAAXL
| Q1 26 | — | — | ||
| Q4 25 | $6.1B | $640.0M | ||
| Q3 25 | $6.0B | $718.4M | ||
| Q2 25 | $5.9B | $673.0M | ||
| Q1 25 | $5.4B | $596.3M | ||
| Q4 24 | $5.3B | $562.8M | ||
| Q3 24 | $5.1B | $616.3M | ||
| Q2 24 | $5.4B | $609.6M |
总资产APAAXL
| Q1 26 | $18.1M | — | ||
| Q4 25 | $17.8B | $6.7B | ||
| Q3 25 | $17.7B | $5.3B | ||
| Q2 25 | $18.1B | $5.3B | ||
| Q1 25 | $18.5B | $5.1B | ||
| Q4 24 | $19.4B | $5.1B | ||
| Q3 24 | $19.4B | $5.3B | ||
| Q2 24 | $20.2B | $5.3B |
负债/权益比APAAXL
| Q1 26 | — | — | ||
| Q4 25 | 0.70× | 6.31× | ||
| Q3 25 | 0.72× | 3.61× | ||
| Q2 25 | 0.73× | 3.86× | ||
| Q1 25 | 0.96× | 4.38× | ||
| Q4 24 | 1.13× | 4.58× | ||
| Q3 24 | 1.25× | 4.28× | ||
| Q2 24 | 1.24× | 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 | $554.0M | $120.5M |
| 自由现金流经营现金流 - 资本支出 | $477.0M | $54.7M |
| 自由现金流率自由现金流/营收 | 20.5% | 4.0% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 1.24× | — |
| 过去12个月自由现金流最近4个季度 | — | $155.1M |
8季度趋势，按日历期对齐
经营现金流APAAXL
| Q1 26 | $554.0M | — | ||
| Q4 25 | $808.0M | $120.5M | ||
| Q3 25 | $1.5B | $143.3M | ||
| Q2 25 | $1.2B | $91.9M | ||
| Q1 25 | $1.1B | $55.9M | ||
| Q4 24 | $1.0B | $151.2M | ||
| Q3 24 | $1.3B | $143.6M | ||
| Q2 24 | $877.0M | $142.8M |
自由现金流APAAXL
| Q1 26 | $477.0M | — | ||
| Q4 25 | — | $54.7M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | — | $70.4M | ||
| Q2 24 | — | $94.0M |
自由现金流率APAAXL
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.8% |
资本支出强度APAAXL
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 3.0% |
现金转化率APAAXL
| Q1 26 | 1.24× | — | ||
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 15.58× | ||
| Q2 25 | 1.96× | 2.34× | ||
| Q1 25 | 2.62× | 7.87× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 14.36× | ||
| Q2 24 | 1.62× | 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
APA
| Oil revenues | $1.6B | 71% |
| Purchased oil and gas sales | $385.0M | 17% |
| Natural gas revenues | $157.0M | 7% |
| Natural gas liquids revenues | $141.0M | 6% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
