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安费诺（APH）与Dollar General（DG）财务数据对比。点击上方公司名可切换其他公司
Dollar General的季度营收约是安费诺的1.7倍（$10.6B vs $6.4B），安费诺净利率更高（18.6% vs 2.7%，领先15.9%），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 $690.4M），过去两年安费诺的营收复合增速更高（40.6% vs 4.3%）
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。
Dollar General是美国大型折扣连锁零售企业，总部位于田纳西州古德利茨维尔。截至2024年1月初，集团在美国本土及墨西哥共运营20388家线下门店，主打高性价比日常商品，服务大众消费群体。
APH vs DG — 直观对比
营收规模更大
DG
是对方的1.7倍
$6.4B
营收增速更快
APH
高出44.5%
4.6%
净利率更高
APH
高出15.9%
2.7%
自由现金流更多
APH
多$778.1M
$690.4M
两年增速更快
APH
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $10.6B |
| 净利润 | $1.2B | $282.7M |
| 毛利率 | 38.2% | 29.9% |
| 营业利润率 | 26.8% | 4.0% |
| 净利率 | 18.6% | 2.7% |
| 营收同比 | 49.1% | 4.6% |
| 净利润同比 | 60.2% | 43.8% |
| 每股收益（稀释后） | $0.93 | $1.28 |
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APHDG
| Q4 25 | $6.4B | $10.6B | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.7B | $10.4B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.3B | $10.2B | ||
| Q3 24 | $4.0B | $10.2B | ||
| Q2 24 | $3.6B | $9.9B | ||
| Q1 24 | $3.3B | $9.9B |
净利润APHDG
| Q4 25 | $1.2B | $282.7M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $391.9M | ||
| Q1 25 | $737.8M | — | ||
| Q4 24 | $746.1M | $196.5M | ||
| Q3 24 | $604.4M | $374.2M | ||
| Q2 24 | $524.8M | $363.3M | ||
| Q1 24 | $548.7M | $401.8M |
毛利率APHDG
| Q4 25 | 38.2% | 29.9% | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 36.3% | 31.0% | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 34.3% | 28.8% | ||
| Q3 24 | 33.6% | 30.0% | ||
| Q2 24 | 33.6% | 30.2% | ||
| Q1 24 | 33.4% | 29.5% |
营业利润率APHDG
| Q4 25 | 26.8% | 4.0% | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 25.1% | 5.5% | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 22.1% | 3.2% | ||
| Q3 24 | 20.3% | 5.4% | ||
| Q2 24 | 19.4% | 5.5% | ||
| Q1 24 | 21.0% | 5.9% |
净利率APHDG
| Q4 25 | 18.6% | 2.7% | ||
| Q3 25 | 20.1% | — | ||
| Q2 25 | 19.3% | 3.8% | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 17.3% | 1.9% | ||
| Q3 24 | 15.0% | 3.7% | ||
| Q2 24 | 14.5% | 3.7% | ||
| Q1 24 | 16.9% | 4.1% |
每股收益（稀释后）APHDG
| Q4 25 | $0.93 | $1.28 | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.86 | $1.78 | ||
| Q1 25 | $0.58 | — | ||
| Q4 24 | $0.16 | $0.89 | ||
| Q3 24 | $0.48 | $1.70 | ||
| Q2 24 | $0.41 | $1.65 | ||
| Q1 24 | $0.87 | $1.82 |
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 | $1.2B |
| 总债务越低越好 | $14.6B | $5.1B |
| 股东权益账面价值 | $13.4B | $8.2B |
| 总资产 | $36.2B | $31.7B |
| 负债/权益比越低杠杆越低 | 1.09× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资APHDG
| Q4 25 | $11.4B | $1.2B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.2B | $850.0M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | $537.3M | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.3B | $720.7M | ||
| Q1 24 | $2.0B | $537.3M |
总债务APHDG
| Q4 25 | $14.6B | $5.1B | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | $5.7B | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.5B | $5.7B | ||
| Q3 24 | $5.1B | $6.2B | ||
| Q2 24 | $5.0B | $6.2B | ||
| Q1 24 | $3.6B | $6.2B |
股东权益APHDG
| Q4 25 | $13.4B | $8.2B | ||
| Q3 25 | $12.5B | — | ||
| Q2 25 | $11.5B | $7.7B | ||
| Q1 25 | $10.3B | — | ||
| Q4 24 | $9.8B | $7.3B | ||
| Q3 24 | $9.5B | $7.3B | ||
| Q2 24 | $9.0B | $7.0B | ||
| Q1 24 | $8.7B | $6.7B |
总资产APHDG
| Q4 25 | $36.2B | $31.7B | ||
| Q3 25 | $27.1B | — | ||
| Q2 25 | $25.7B | $31.0B | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $21.4B | $31.5B | ||
| Q3 24 | $19.6B | $31.8B | ||
| Q2 24 | $18.6B | $31.0B | ||
| Q1 24 | $16.7B | $30.8B |
负债/权益比APHDG
| Q4 25 | 1.09× | 0.63× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.62× | 0.74× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.66× | 0.78× | ||
| Q3 24 | 0.54× | 0.86× | ||
| Q2 24 | 0.56× | 0.89× | ||
| Q1 24 | 0.41× | 0.92× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $690.4M |
| 自由现金流率自由现金流/营收 | 22.8% | 6.5% |
| 资本支出强度资本支出/营收 | 3.9% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.44× | 3.55× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $2.1B |
8季度趋势，按日历期对齐
经营现金流APHDG
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $847.2M | ||
| Q1 25 | $764.9M | — | ||
| Q4 24 | $847.1M | $542.4M | ||
| Q3 24 | $704.0M | $988.9M | ||
| Q2 24 | $664.1M | $663.8M | ||
| Q1 24 | $599.5M | $949.8M |
自由现金流APHDG
| Q4 25 | $1.5B | $690.4M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $556.2M | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | $201.0M | ||
| Q3 24 | $474.0M | $635.2M | ||
| Q2 24 | $522.8M | $321.8M | ||
| Q1 24 | $505.2M | $490.1M |
自由现金流率APHDG
| Q4 25 | 22.8% | 6.5% | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | 5.3% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | 2.0% | ||
| Q3 24 | 11.7% | 6.2% | ||
| Q2 24 | 14.5% | 3.2% | ||
| Q1 24 | 15.5% | 5.0% |
资本支出强度APHDG
| Q4 25 | 3.9% | 2.9% | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.3% | 2.8% | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | 3.4% | ||
| Q3 24 | 5.7% | 3.5% | ||
| Q2 24 | 3.9% | 3.4% | ||
| Q1 24 | 2.9% | 4.7% |
现金转化率APHDG
| Q4 25 | 1.44× | 3.55× | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 1.30× | 2.16× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | 2.76× | ||
| Q3 24 | 1.16× | 2.64× | ||
| Q2 24 | 1.27× | 1.83× | ||
| Q1 24 | 1.09× | 2.36× |
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% |
DG
| Consumables | $8.8B | 83% |
| Seasonal | $992.2M | 9% |
| Home Products | $550.7M | 5% |
| Apparel | $281.9M | 3% |
