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安费诺（APH）与CHS INC（CHSCP）财务数据对比。点击上方公司名可切换其他公司
CHS INC的季度营收约是安费诺的1.4倍（$8.9B vs $6.4B），安费诺净利率更高（18.6% vs 2.9%，领先15.6%），安费诺同比增速更快（49.1% vs -4.6%），安费诺自由现金流更多（$1.5B vs $-453.8M），过去两年安费诺的营收复合增速更高（40.6% vs -1.2%）
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。
CHS Inc是美国顶尖农业合作社企业，跻身财富世界500强，总部位于明尼苏达州因弗格罗夫海茨，由美国本土农业合作社、农牧从业者及优先股股东共同所有。公司业务覆盖食品加工批发、农资供应、金融服务、零售等多个领域，在北美中西部共19个州分销Cenex品牌燃料，是北美大型连锁便利店运营商之一，同时合资持股植物油生产商文图拉食品。
APH vs CHSCP — 直观对比
营收规模更大
CHSCP
是对方的1.4倍
$6.4B
营收增速更快
APH
高出53.8%
-4.6%
净利率更高
APH
高出15.6%
2.9%
自由现金流更多
APH
多$1.9B
$-453.8M
两年增速更快
APH
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $8.9B |
| 净利润 | $1.2B | $260.5M |
| 毛利率 | 38.2% | 4.4% |
| 营业利润率 | 26.8% | 1.4% |
| 净利率 | 18.6% | 2.9% |
| 营收同比 | 49.1% | -4.6% |
| 净利润同比 | 60.2% | 6.4% |
| 每股收益（稀释后） | $0.93 | — |
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APHCHSCP
| Q4 25 | $6.4B | $8.9B | ||
| Q3 25 | $6.2B | $13.2B | ||
| Q2 25 | $5.7B | $9.8B | ||
| Q1 25 | $4.8B | $3.2B | ||
| Q4 24 | $4.3B | $9.3B | ||
| Q3 24 | $4.0B | $9.2B | ||
| Q2 24 | $3.6B | $9.6B | ||
| Q1 24 | $3.3B | $9.1B |
净利润APHCHSCP
| Q4 25 | $1.2B | $260.5M | ||
| Q3 25 | $1.2B | $196.7M | ||
| Q2 25 | $1.1B | $232.2M | ||
| Q1 25 | $737.8M | $-75.8M | ||
| Q4 24 | $746.1M | $244.8M | ||
| Q3 24 | $604.4M | $111.8M | ||
| Q2 24 | $524.8M | $297.3M | ||
| Q1 24 | $548.7M | $170.3M |
毛利率APHCHSCP
| Q4 25 | 38.2% | 4.4% | ||
| Q3 25 | 38.1% | 2.5% | ||
| Q2 25 | 36.3% | 3.4% | ||
| Q1 25 | 34.2% | 2.4% | ||
| Q4 24 | 34.3% | 4.3% | ||
| Q3 24 | 33.6% | 3.0% | ||
| Q2 24 | 33.6% | 4.9% | ||
| Q1 24 | 33.4% | 4.0% |
营业利润率APHCHSCP
| Q4 25 | 26.8% | 1.4% | ||
| Q3 25 | 27.5% | 0.4% | ||
| Q2 25 | 25.1% | 0.7% | ||
| Q1 25 | 21.3% | -5.4% | ||
| Q4 24 | 22.1% | 1.5% | ||
| Q3 24 | 20.3% | -0.3% | ||
| Q2 24 | 19.4% | 1.6% | ||
| Q1 24 | 21.0% | 0.7% |
净利率APHCHSCP
| Q4 25 | 18.6% | 2.9% | ||
| Q3 25 | 20.1% | 1.5% | ||
| Q2 25 | 19.3% | 2.4% | ||
| Q1 25 | 15.3% | -2.4% | ||
| Q4 24 | 17.3% | 2.6% | ||
| Q3 24 | 15.0% | 1.2% | ||
| Q2 24 | 14.5% | 3.1% | ||
| Q1 24 | 16.9% | 1.9% |
每股收益（稀释后）APHCHSCP
| Q4 25 | $0.93 | — | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.86 | — | ||
| Q1 25 | $0.58 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $0.87 | — |
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 | $374.7M |
| 总债务越低越好 | $14.6B | $1.7B |
| 股东权益账面价值 | $13.4B | $11.2B |
| 总资产 | $36.2B | $20.7B |
| 负债/权益比越低杠杆越低 | 1.09× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资APHCHSCP
| Q4 25 | $11.4B | $374.7M | ||
| Q3 25 | $3.9B | $327.8M | ||
| Q2 25 | $3.2B | $323.9M | ||
| Q1 25 | $1.7B | $433.3M | ||
| Q4 24 | $3.3B | $795.6M | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.3B | $310.1M | ||
| Q1 24 | $2.0B | $633.3M |
总债务APHCHSCP
| Q4 25 | $14.6B | $1.7B | ||
| Q3 25 | $7.1B | $1.7B | ||
| Q2 25 | $7.1B | $1.8B | ||
| Q1 25 | $6.8B | $1.8B | ||
| Q4 24 | $6.5B | $1.8B | ||
| Q3 24 | $5.1B | $1.8B | ||
| Q2 24 | $5.0B | $1.7B | ||
| Q1 24 | $3.6B | $1.7B |
股东权益APHCHSCP
| Q4 25 | $13.4B | $11.2B | ||
| Q3 25 | $12.5B | $11.1B | ||
| Q2 25 | $11.5B | $10.8B | ||
| Q1 25 | $10.3B | $10.7B | ||
| Q4 24 | $9.8B | $10.8B | ||
| Q3 24 | $9.5B | $10.8B | ||
| Q2 24 | $9.0B | $10.9B | ||
| Q1 24 | $8.7B | $10.8B |
总资产APHCHSCP
| Q4 25 | $36.2B | $20.7B | ||
| Q3 25 | $27.1B | $18.9B | ||
| Q2 25 | $25.7B | $19.7B | ||
| Q1 25 | $22.9B | $20.1B | ||
| Q4 24 | $21.4B | $19.6B | ||
| Q3 24 | $19.6B | $18.7B | ||
| Q2 24 | $18.6B | $18.5B | ||
| Q1 24 | $16.7B | $19.2B |
负债/权益比APHCHSCP
| Q4 25 | 1.09× | 0.16× | ||
| Q3 25 | 0.57× | 0.16× | ||
| Q2 25 | 0.62× | 0.17× | ||
| Q1 25 | 0.66× | 0.17× | ||
| Q4 24 | 0.66× | 0.17× | ||
| Q3 24 | 0.54× | 0.17× | ||
| Q2 24 | 0.56× | 0.15× | ||
| Q1 24 | 0.41× | 0.16× |
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 | $-337.8M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $-453.8M |
| 自由现金流率自由现金流/营收 | 22.8% | -5.1% |
| 资本支出强度资本支出/营收 | 3.9% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.44× | -1.30× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $-60.0M |
8季度趋势，按日历期对齐
经营现金流APHCHSCP
| Q4 25 | $1.7B | $-337.8M | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $696.6M | ||
| Q1 25 | $764.9M | $-1.0B | ||
| Q4 24 | $847.1M | $-294.0M | ||
| Q3 24 | $704.0M | $1.1B | ||
| Q2 24 | $664.1M | $556.9M | ||
| Q1 24 | $599.5M | $-249.6M |
自由现金流APHCHSCP
| Q4 25 | $1.5B | $-453.8M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $520.6M | ||
| Q1 25 | $576.3M | $-1.2B | ||
| Q4 24 | $647.3M | $-486.6M | ||
| Q3 24 | $474.0M | $845.8M | ||
| Q2 24 | $522.8M | $361.6M | ||
| Q1 24 | $505.2M | $-453.3M |
自由现金流率APHCHSCP
| Q4 25 | 22.8% | -5.1% | ||
| Q3 25 | 19.6% | 8.1% | ||
| Q2 25 | 19.8% | 5.3% | ||
| Q1 25 | 12.0% | -38.1% | ||
| Q4 24 | 15.0% | -5.2% | ||
| Q3 24 | 11.7% | 9.2% | ||
| Q2 24 | 14.5% | 3.8% | ||
| Q1 24 | 15.5% | -5.0% |
资本支出强度APHCHSCP
| Q4 25 | 3.9% | 1.3% | ||
| Q3 25 | 4.2% | 1.5% | ||
| Q2 25 | 5.3% | 1.8% | ||
| Q1 25 | 3.9% | 5.2% | ||
| Q4 24 | 4.6% | 2.1% | ||
| Q3 24 | 5.7% | 2.9% | ||
| Q2 24 | 3.9% | 2.0% | ||
| Q1 24 | 2.9% | 2.2% |
现金转化率APHCHSCP
| Q4 25 | 1.44× | -1.30× | ||
| Q3 25 | 1.18× | 6.46× | ||
| Q2 25 | 1.30× | 3.00× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | -1.20× | ||
| Q3 24 | 1.16× | 9.96× | ||
| Q2 24 | 1.27× | 1.87× | ||
| Q1 24 | 1.09× | -1.47× |
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% |
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
