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安费诺（APH）与美国运通（AXP）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是安费诺的1.7倍（$10.9B vs $6.4B），美国运通净利率更高（22.5% vs 18.6%，领先3.9%），安费诺同比增速更快（49.1% vs 9.9%），美国运通自由现金流更多（$2.3B vs $1.5B），过去两年安费诺的营收复合增速更高（40.6% vs 8.2%）
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
APH vs AXP — 直观对比
营收规模更大
AXP
是对方的1.7倍
$6.4B
营收增速更快
APH
高出39.2%
9.9%
净利率更高
AXP
高出3.9%
18.6%
自由现金流更多
AXP
多$876.5M
$1.5B
两年增速更快
APH
近两年复合增速
8.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $10.9B |
| 净利润 | $1.2B | $2.5B |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | 28.2% |
| 净利率 | 18.6% | 22.5% |
| 营收同比 | 49.1% | 9.9% |
| 净利润同比 | 60.2% | 13.5% |
| 每股收益（稀释后） | $0.93 | $3.52 |
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APHAXP
| Q4 25 | $6.4B | $10.9B | ||
| Q3 25 | $6.2B | $10.4B | ||
| Q2 25 | $5.7B | $10.3B | ||
| Q1 25 | $4.8B | $9.6B | ||
| Q4 24 | $4.3B | $10.0B | ||
| Q3 24 | $4.0B | $9.7B | ||
| Q2 24 | $3.6B | $9.8B | ||
| Q1 24 | $3.3B | $9.3B |
净利润APHAXP
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $737.8M | $2.6B | ||
| Q4 24 | $746.1M | $2.2B | ||
| Q3 24 | $604.4M | $2.5B | ||
| Q2 24 | $524.8M | $3.0B | ||
| Q1 24 | $548.7M | $2.4B |
毛利率APHAXP
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 33.4% | — |
营业利润率APHAXP
| Q4 25 | 26.8% | 28.2% | ||
| Q3 25 | 27.5% | 36.7% | ||
| Q2 25 | 25.1% | 34.4% | ||
| Q1 25 | 21.3% | 34.6% | ||
| Q4 24 | 22.1% | 27.7% | ||
| Q3 24 | 20.3% | 33.0% | ||
| Q2 24 | 19.4% | 38.6% | ||
| Q1 24 | 21.0% | 33.7% |
净利率APHAXP
| Q4 25 | 18.6% | 22.5% | ||
| Q3 25 | 20.1% | 27.9% | ||
| Q2 25 | 19.3% | 28.0% | ||
| Q1 25 | 15.3% | 26.8% | ||
| Q4 24 | 17.3% | 21.8% | ||
| Q3 24 | 15.0% | 25.8% | ||
| Q2 24 | 14.5% | 30.7% | ||
| Q1 24 | 16.9% | 26.1% |
每股收益（稀释后）APHAXP
| Q4 25 | $0.93 | $3.52 | ||
| Q3 25 | $0.97 | $4.14 | ||
| Q2 25 | $0.86 | $4.08 | ||
| Q1 25 | $0.58 | $3.64 | ||
| Q4 24 | $0.16 | $3.04 | ||
| Q3 24 | $0.48 | $3.49 | ||
| Q2 24 | $0.41 | $4.15 | ||
| Q1 24 | $0.87 | $3.33 |
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 | $11.4B | $742.0M |
| 总债务越低越好 | $14.6B | $56.4B |
| 股东权益账面价值 | $13.4B | $33.5B |
| 总资产 | $36.2B | $300.1B |
| 负债/权益比越低杠杆越低 | 1.09× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资APHAXP
| Q4 25 | $11.4B | $742.0M | ||
| Q3 25 | $3.9B | $1.3B | ||
| Q2 25 | $3.2B | $197.0M | ||
| Q1 25 | $1.7B | $261.0M | ||
| Q4 24 | $3.3B | $221.0M | ||
| Q3 24 | $1.6B | $120.0M | ||
| Q2 24 | $1.3B | $188.0M | ||
| Q1 24 | $2.0B | $69.0M |
总债务APHAXP
| Q4 25 | $14.6B | $56.4B | ||
| Q3 25 | $7.1B | $57.8B | ||
| Q2 25 | $7.1B | $58.2B | ||
| Q1 25 | $6.8B | $51.2B | ||
| Q4 24 | $6.5B | $49.7B | ||
| Q3 24 | $5.1B | $53.5B | ||
| Q2 24 | $5.0B | $51.5B | ||
| Q1 24 | $3.6B | $48.8B |
股东权益APHAXP
| Q4 25 | $13.4B | $33.5B | ||
| Q3 25 | $12.5B | $32.4B | ||
| Q2 25 | $11.5B | $32.3B | ||
| Q1 25 | $10.3B | $31.2B | ||
| Q4 24 | $9.8B | $30.3B | ||
| Q3 24 | $9.5B | $29.7B | ||
| Q2 24 | $9.0B | $29.5B | ||
| Q1 24 | $8.7B | $28.8B |
总资产APHAXP
| Q4 25 | $36.2B | $300.1B | ||
| Q3 25 | $27.1B | $297.6B | ||
| Q2 25 | $25.7B | $295.6B | ||
| Q1 25 | $22.9B | $282.2B | ||
| Q4 24 | $21.4B | $271.5B | ||
| Q3 24 | $19.6B | $271.0B | ||
| Q2 24 | $18.6B | $272.2B | ||
| Q1 24 | $16.7B | $269.3B |
负债/权益比APHAXP
| Q4 25 | 1.09× | 1.68× | ||
| Q3 25 | 0.57× | 1.78× | ||
| Q2 25 | 0.62× | 1.80× | ||
| Q1 25 | 0.66× | 1.64× | ||
| Q4 24 | 0.66× | 1.64× | ||
| Q3 24 | 0.54× | 1.80× | ||
| Q2 24 | 0.56× | 1.74× | ||
| Q1 24 | 0.41× | 1.70× |
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 | $1.7B | $3.1B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $2.3B |
| 自由现金流率自由现金流/营收 | 22.8% | 21.4% |
| 资本支出强度资本支出/营收 | 3.9% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $16.0B |
8季度趋势，按日历期对齐
经营现金流APHAXP
| Q4 25 | $1.7B | $3.1B | ||
| Q3 25 | $1.5B | $6.2B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | $764.9M | $4.8B | ||
| Q4 24 | $847.1M | $5.8B | ||
| Q3 24 | $704.0M | $-1.8B | ||
| Q2 24 | $664.1M | $4.5B | ||
| Q1 24 | $599.5M | $5.6B |
自由现金流APHAXP
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.2B | $5.6B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $576.3M | $4.3B | ||
| Q4 24 | $647.3M | $5.3B | ||
| Q3 24 | $474.0M | $-2.3B | ||
| Q2 24 | $522.8M | $4.0B | ||
| Q1 24 | $505.2M | $5.2B |
自由现金流率APHAXP
| Q4 25 | 22.8% | 21.4% | ||
| Q3 25 | 19.6% | 53.6% | ||
| Q2 25 | 19.8% | 36.3% | ||
| Q1 25 | 12.0% | 45.0% | ||
| Q4 24 | 15.0% | 53.1% | ||
| Q3 24 | 11.7% | -23.3% | ||
| Q2 24 | 14.5% | 40.4% | ||
| Q1 24 | 15.5% | 55.2% |
资本支出强度APHAXP
| Q4 25 | 3.9% | 6.6% | ||
| Q3 25 | 4.2% | 6.3% | ||
| Q2 25 | 5.3% | 6.0% | ||
| Q1 25 | 3.9% | 4.5% | ||
| Q4 24 | 4.6% | 5.0% | ||
| Q3 24 | 5.7% | 4.7% | ||
| Q2 24 | 3.9% | 5.8% | ||
| Q1 24 | 2.9% | 4.2% |
现金转化率APHAXP
| Q4 25 | 1.44× | 1.25× | ||
| Q3 25 | 1.18× | 2.15× | ||
| Q2 25 | 1.30× | 1.51× | ||
| Q1 25 | 1.04× | 1.84× | ||
| Q4 24 | 1.14× | 2.66× | ||
| Q3 24 | 1.16× | -0.72× | ||
| Q2 24 | 1.27× | 1.50× | ||
| Q1 24 | 1.09× | 2.28× |
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
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
