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安费诺（APH）与嘉年华集团（CCL）财务数据对比。点击上方公司名可切换其他公司
安费诺的季度营收约是嘉年华集团的1.0倍（$6.4B vs $6.3B），安费诺净利率更高（18.6% vs 6.6%，领先11.9%），安费诺同比增速更快（49.1% vs 6.6%），安费诺自由现金流更多（$1.5B vs $12.0M），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。
嘉年华集团是全球规模最大的休闲旅游集团，核心业务为邮轮运营，旗下拥有多个全球知名邮轮品牌，每年服务数百万乘客，提供覆盖住宿、餐饮、娱乐、岸上观光的一站式度假体验，航线遍布全球热门目的地。
APH vs CCL — 直观对比
营收规模更大
APH
是对方的1.0倍
$6.3B
营收增速更快
APH
高出42.5%
6.6%
净利率更高
APH
高出11.9%
6.6%
自由现金流更多
APH
多$1.5B
$12.0M
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 | $6.3B |
| 净利润 | $1.2B | $421.0M |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | 11.6% |
| 净利率 | 18.6% | 6.6% |
| 营收同比 | 49.1% | 6.6% |
| 净利润同比 | 60.2% | 38.9% |
| 每股收益（稀释后） | $0.93 | $0.33 |
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APHCCL
| Q4 25 | $6.4B | $6.3B | ||
| Q3 25 | $6.2B | $8.2B | ||
| Q2 25 | $5.7B | $6.3B | ||
| Q1 25 | $4.8B | $5.8B | ||
| Q4 24 | $4.3B | $5.9B | ||
| Q3 24 | $4.0B | $7.9B | ||
| Q2 24 | $3.6B | $5.8B | ||
| Q1 24 | $3.3B | $5.4B |
净利润APHCCL
| Q4 25 | $1.2B | $421.0M | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.1B | $565.0M | ||
| Q1 25 | $737.8M | $-78.0M | ||
| Q4 24 | $746.1M | $303.0M | ||
| Q3 24 | $604.4M | $1.7B | ||
| Q2 24 | $524.8M | $92.0M | ||
| Q1 24 | $548.7M | $-214.0M |
毛利率APHCCL
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | 46.2% | ||
| Q2 25 | 36.3% | 38.6% | ||
| Q1 25 | 34.2% | 35.2% | ||
| Q4 24 | 34.3% | 35.5% | ||
| Q3 24 | 33.6% | 45.5% | ||
| Q2 24 | 33.6% | 34.3% | ||
| Q1 24 | 33.4% | 31.5% |
营业利润率APHCCL
| Q4 25 | 26.8% | 11.6% | ||
| Q3 25 | 27.5% | 27.9% | ||
| Q2 25 | 25.1% | 14.8% | ||
| Q1 25 | 21.3% | 9.3% | ||
| Q4 24 | 22.1% | 9.4% | ||
| Q3 24 | 20.3% | 27.6% | ||
| Q2 24 | 19.4% | 9.7% | ||
| Q1 24 | 21.0% | 5.1% |
净利率APHCCL
| Q4 25 | 18.6% | 6.6% | ||
| Q3 25 | 20.1% | 22.7% | ||
| Q2 25 | 19.3% | 8.9% | ||
| Q1 25 | 15.3% | -1.3% | ||
| Q4 24 | 17.3% | 5.1% | ||
| Q3 24 | 15.0% | 22.0% | ||
| Q2 24 | 14.5% | 1.6% | ||
| Q1 24 | 16.9% | -4.0% |
每股收益（稀释后）APHCCL
| Q4 25 | $0.93 | $0.33 | ||
| Q3 25 | $0.97 | $1.33 | ||
| Q2 25 | $0.86 | $0.42 | ||
| Q1 25 | $0.58 | $-0.06 | ||
| Q4 24 | $0.16 | $0.28 | ||
| Q3 24 | $0.48 | $1.26 | ||
| Q2 24 | $0.41 | $0.07 | ||
| Q1 24 | $0.87 | $-0.17 |
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 | $1.9B |
| 总债务越低越好 | $14.6B | $27.4B |
| 股东权益账面价值 | $13.4B | $12.3B |
| 总资产 | $36.2B | $51.7B |
| 负债/权益比越低杠杆越低 | 1.09× | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资APHCCL
| Q4 25 | $11.4B | $1.9B | ||
| Q3 25 | $3.9B | $1.8B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $1.7B | $833.0M | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $2.0B | $2.2B |
总债务APHCCL
| Q4 25 | $14.6B | $27.4B | ||
| Q3 25 | $7.1B | $27.2B | ||
| Q2 25 | $7.1B | $28.0B | ||
| Q1 25 | $6.8B | $27.7B | ||
| Q4 24 | $6.5B | $28.2B | ||
| Q3 24 | $5.1B | $29.6B | ||
| Q2 24 | $5.0B | $30.2B | ||
| Q1 24 | $3.6B | $31.6B |
股东权益APHCCL
| Q4 25 | $13.4B | $12.3B | ||
| Q3 25 | $12.5B | $11.9B | ||
| Q2 25 | $11.5B | $10.0B | ||
| Q1 25 | $10.3B | $9.2B | ||
| Q4 24 | $9.8B | $9.3B | ||
| Q3 24 | $9.5B | $8.6B | ||
| Q2 24 | $9.0B | $6.8B | ||
| Q1 24 | $8.7B | $6.7B |
总资产APHCCL
| Q4 25 | $36.2B | $51.7B | ||
| Q3 25 | $27.1B | $50.8B | ||
| Q2 25 | $25.7B | $51.2B | ||
| Q1 25 | $22.9B | $48.5B | ||
| Q4 24 | $21.4B | $49.1B | ||
| Q3 24 | $19.6B | $49.8B | ||
| Q2 24 | $18.6B | $49.6B | ||
| Q1 24 | $16.7B | $49.8B |
负债/权益比APHCCL
| Q4 25 | 1.09× | 2.23× | ||
| Q3 25 | 0.57× | 2.28× | ||
| Q2 25 | 0.62× | 2.79× | ||
| Q1 25 | 0.66× | 3.02× | ||
| Q4 24 | 0.66× | 3.05× | ||
| Q3 24 | 0.54× | 3.45× | ||
| Q2 24 | 0.56× | 4.43× | ||
| Q1 24 | 0.41× | 4.72× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $12.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 0.2% |
| 资本支出强度资本支出/营收 | 3.9% | 23.8% |
| 现金转化率经营现金流/净利润 | 1.44× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $2.6B |
8季度趋势，按日历期对齐
经营现金流APHCCL
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $764.9M | $925.0M | ||
| Q4 24 | $847.1M | $911.0M | ||
| Q3 24 | $704.0M | $1.2B | ||
| Q2 24 | $664.1M | $2.0B | ||
| Q1 24 | $599.5M | $1.8B |
自由现金流APHCCL
| Q4 25 | $1.5B | $12.0M | ||
| Q3 25 | $1.2B | $736.0M | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $576.3M | $318.0M | ||
| Q4 24 | $647.3M | $319.0M | ||
| Q3 24 | $474.0M | $628.0M | ||
| Q2 24 | $522.8M | $720.0M | ||
| Q1 24 | $505.2M | $-370.0M |
自由现金流率APHCCL
| Q4 25 | 22.8% | 0.2% | ||
| Q3 25 | 19.6% | 9.0% | ||
| Q2 25 | 19.8% | 24.4% | ||
| Q1 25 | 12.0% | 5.5% | ||
| Q4 24 | 15.0% | 5.4% | ||
| Q3 24 | 11.7% | 8.0% | ||
| Q2 24 | 14.5% | 12.5% | ||
| Q1 24 | 15.5% | -6.8% |
资本支出强度APHCCL
| Q4 25 | 3.9% | 23.8% | ||
| Q3 25 | 4.2% | 7.9% | ||
| Q2 25 | 5.3% | 13.4% | ||
| Q1 25 | 3.9% | 10.4% | ||
| Q4 24 | 4.6% | 10.0% | ||
| Q3 24 | 5.7% | 7.3% | ||
| Q2 24 | 3.9% | 22.8% | ||
| Q1 24 | 2.9% | 39.5% |
现金转化率APHCCL
| Q4 25 | 1.44× | 3.61× | ||
| Q3 25 | 1.18× | 0.75× | ||
| Q2 25 | 1.30× | 4.23× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | 3.01× | ||
| Q3 24 | 1.16× | 0.69× | ||
| Q2 24 | 1.27× | 22.16× | ||
| Q1 24 | 1.09× | — |
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% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
