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APA Corporation（APA）与Wabtec（WAB）财务数据对比。点击上方公司名可切换其他公司
Wabtec的季度营收约是APA Corporation的1.3倍（$3.0B vs $2.2B），APA Corporation净利率更高（15.0% vs 12.3%，领先2.7%），Wabtec同比增速更快（13.0% vs -24.3%），过去两年Wabtec的营收复合增速更高（5.6% vs 1.4%）
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。
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
APA vs WAB — 直观对比
营收规模更大
WAB
是对方的1.3倍
$2.2B
营收增速更快
WAB
高出37.4%
-24.3%
净利率更高
APA
高出2.7%
12.3%
两年增速更快
WAB
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.0B |
| 净利润 | $331.0M | $363.0M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 32.5% | 17.5% |
| 净利率 | 15.0% | 12.3% |
| 营收同比 | -24.3% | 13.0% |
| 净利润同比 | -22.1% | 11.0% |
| 每股收益（稀释后） | $0.79 | $2.12 |
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APAWAB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.3B | $2.7B | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.7B | $2.7B | ||
| Q2 24 | $2.8B | $2.6B |
净利润APAWAB
| Q1 26 | — | $363.0M | ||
| Q4 25 | $331.0M | $202.0M | ||
| Q3 25 | $205.0M | $310.0M | ||
| Q2 25 | $603.0M | $336.0M | ||
| Q1 25 | $418.0M | $322.0M | ||
| Q4 24 | $425.0M | $212.0M | ||
| Q3 24 | $-223.0M | $283.0M | ||
| Q2 24 | $541.0M | $289.0M |
毛利率APAWAB
| Q1 26 | — | 36.0% | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 34.5% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 33.1% |
营业利润率APAWAB
| Q1 26 | — | 17.5% | ||
| Q4 25 | 32.5% | 12.0% | ||
| Q3 25 | 33.7% | 17.0% | ||
| Q2 25 | 31.8% | 17.4% | ||
| Q1 25 | 31.9% | 18.2% | ||
| Q4 24 | 31.4% | 12.9% | ||
| Q3 24 | -5.2% | 16.3% | ||
| Q2 24 | 34.4% | 16.3% |
净利率APAWAB
| Q1 26 | — | 12.3% | ||
| Q4 25 | 15.0% | 6.8% | ||
| Q3 25 | 9.0% | 10.7% | ||
| Q2 25 | 26.0% | 12.4% | ||
| Q1 25 | 15.4% | 12.3% | ||
| Q4 24 | 14.6% | 8.2% | ||
| Q3 24 | -8.1% | 10.6% | ||
| Q2 24 | 19.0% | 10.9% |
每股收益（稀释后）APAWAB
| Q1 26 | — | $2.12 | ||
| Q4 25 | $0.79 | $1.18 | ||
| Q3 25 | $0.57 | $1.81 | ||
| Q2 25 | $1.67 | $1.96 | ||
| Q1 25 | $0.96 | $1.88 | ||
| Q4 24 | $0.97 | $1.24 | ||
| Q3 24 | $-0.60 | $1.63 | ||
| Q2 24 | $1.46 | $1.64 |
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 | $516.0M | — |
| 总债务越低越好 | $4.3B | $4.7B |
| 股东权益账面价值 | $6.1B | $11.1B |
| 总资产 | $17.8B | $23.2B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资APAWAB
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | — | ||
| Q3 25 | $475.0M | — | ||
| Q2 25 | $107.0M | — | ||
| Q1 25 | $67.0M | — | ||
| Q4 24 | $625.0M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $160.0M | — |
总债务APAWAB
| Q1 26 | — | $4.7B | ||
| Q4 25 | $4.3B | $5.5B | ||
| Q3 25 | $4.3B | $5.3B | ||
| Q2 25 | $4.3B | $4.8B | ||
| Q1 25 | $5.2B | $4.0B | ||
| Q4 24 | $6.0B | $4.0B | ||
| Q3 24 | $6.4B | $4.0B | ||
| Q2 24 | $6.7B | $4.0B |
股东权益APAWAB
| Q1 26 | — | $11.1B | ||
| Q4 25 | $6.1B | $11.1B | ||
| Q3 25 | $6.0B | $11.0B | ||
| Q2 25 | $5.9B | $10.8B | ||
| Q1 25 | $5.4B | $10.4B | ||
| Q4 24 | $5.3B | $10.1B | ||
| Q3 24 | $5.1B | $10.3B | ||
| Q2 24 | $5.4B | $10.5B |
总资产APAWAB
| Q1 26 | — | $23.2B | ||
| Q4 25 | $17.8B | $22.1B | ||
| Q3 25 | $17.7B | $21.5B | ||
| Q2 25 | $18.1B | $20.4B | ||
| Q1 25 | $18.5B | $19.1B | ||
| Q4 24 | $19.4B | $18.7B | ||
| Q3 24 | $19.4B | $18.6B | ||
| Q2 24 | $20.2B | $18.9B |
负债/权益比APAWAB
| Q1 26 | — | 0.42× | ||
| Q4 25 | 0.70× | 0.50× | ||
| Q3 25 | 0.72× | 0.48× | ||
| Q2 25 | 0.73× | 0.44× | ||
| Q1 25 | 0.96× | 0.39× | ||
| Q4 24 | 1.13× | 0.39× | ||
| Q3 24 | 1.25× | 0.39× | ||
| Q2 24 | 1.24× | 0.38× |
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 | $808.0M | $199.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.44× | 0.55× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APAWAB
| Q1 26 | — | $199.0M | ||
| Q4 25 | $808.0M | $992.0M | ||
| Q3 25 | $1.5B | $367.0M | ||
| Q2 25 | $1.2B | $209.0M | ||
| Q1 25 | $1.1B | $191.0M | ||
| Q4 24 | $1.0B | $723.0M | ||
| Q3 24 | $1.3B | $542.0M | ||
| Q2 24 | $877.0M | $235.0M |
自由现金流APAWAB
| Q1 26 | — | — | ||
| Q4 25 | — | $870.0M | ||
| Q3 25 | — | $312.0M | ||
| Q2 25 | — | $170.0M | ||
| Q1 25 | — | $147.0M | ||
| Q4 24 | — | $639.0M | ||
| Q3 24 | — | $496.0M | ||
| Q2 24 | — | $189.0M |
自由现金流率APAWAB
| Q1 26 | — | — | ||
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 18.6% | ||
| Q2 24 | — | 7.1% |
资本支出强度APAWAB
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.7% |
现金转化率APAWAB
| Q1 26 | — | 0.55× | ||
| Q4 25 | 2.44× | 4.91× | ||
| Q3 25 | 7.12× | 1.18× | ||
| Q2 25 | 1.96× | 0.62× | ||
| Q1 25 | 2.62× | 0.59× | ||
| Q4 24 | 2.44× | 3.41× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | 1.62× | 0.81× |
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 And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
WAB
暂无分部数据
