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安费诺（APH）与伊顿公司（ETN）财务数据对比。点击上方公司名可切换其他公司
伊顿公司的季度营收约是安费诺的1.1倍（$7.1B vs $6.4B），安费诺净利率更高（18.6% vs 16.0%，领先2.5%），安费诺同比增速更快（49.1% vs 13.1%），伊顿公司自由现金流更多（$1.6B vs $1.5B），过去两年安费诺的营收复合增速更高（40.6% vs 9.0%）
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。
伊顿公司是一家总部位于爱尔兰的跨国电力管理企业，核心行政中心设在美国俄亥俄州比奇伍德，全球员工规模超过8.5万名，旗下产品销往全球175个以上国家和地区的客户市场。
APH vs ETN — 直观对比
营收规模更大
ETN
是对方的1.1倍
$6.4B
营收增速更快
APH
高出36.1%
13.1%
净利率更高
APH
高出2.5%
16.0%
自由现金流更多
ETN
多$104.5M
$1.5B
两年增速更快
APH
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $7.1B |
| 净利润 | $1.2B | $1.1B |
| 毛利率 | 38.2% | 36.8% |
| 营业利润率 | 26.8% | 18.3% |
| 净利率 | 18.6% | 16.0% |
| 营收同比 | 49.1% | 13.1% |
| 净利润同比 | 60.2% | 16.5% |
| 每股收益（稀释后） | $0.93 | $2.90 |
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APHETN
| Q4 25 | $6.4B | $7.1B | ||
| Q3 25 | $6.2B | $7.0B | ||
| Q2 25 | $5.7B | $7.0B | ||
| Q1 25 | $4.8B | $6.4B | ||
| Q4 24 | $4.3B | $6.2B | ||
| Q3 24 | $4.0B | $6.3B | ||
| Q2 24 | $3.6B | $6.3B | ||
| Q1 24 | $3.3B | $5.9B |
净利润APHETN
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.1B | $982.0M | ||
| Q1 25 | $737.8M | $964.0M | ||
| Q4 24 | $746.1M | $971.0M | ||
| Q3 24 | $604.4M | $1.0B | ||
| Q2 24 | $524.8M | $993.0M | ||
| Q1 24 | $548.7M | $821.0M |
毛利率APHETN
| Q4 25 | 38.2% | 36.8% | ||
| Q3 25 | 38.1% | 38.3% | ||
| Q2 25 | 36.3% | 37.0% | ||
| Q1 25 | 34.2% | 38.4% | ||
| Q4 24 | 34.3% | 38.9% | ||
| Q3 24 | 33.6% | 38.6% | ||
| Q2 24 | 33.6% | 38.0% | ||
| Q1 24 | 33.4% | 37.3% |
营业利润率APHETN
| Q4 25 | 26.8% | 18.3% | ||
| Q3 25 | 27.5% | 18.2% | ||
| Q2 25 | 25.1% | 16.9% | ||
| Q1 25 | 21.3% | 18.5% | ||
| Q4 24 | 22.1% | 18.7% | ||
| Q3 24 | 20.3% | 19.0% | ||
| Q2 24 | 19.4% | 18.8% | ||
| Q1 24 | 21.0% | 16.8% |
净利率APHETN
| Q4 25 | 18.6% | 16.0% | ||
| Q3 25 | 20.1% | 14.5% | ||
| Q2 25 | 19.3% | 14.0% | ||
| Q1 25 | 15.3% | 15.1% | ||
| Q4 24 | 17.3% | 15.6% | ||
| Q3 24 | 15.0% | 15.9% | ||
| Q2 24 | 14.5% | 15.6% | ||
| Q1 24 | 16.9% | 13.8% |
每股收益（稀释后）APHETN
| Q4 25 | $0.93 | $2.90 | ||
| Q3 25 | $0.97 | $2.59 | ||
| Q2 25 | $0.86 | $2.51 | ||
| Q1 25 | $0.58 | $2.45 | ||
| Q4 24 | $0.16 | $2.45 | ||
| Q3 24 | $0.48 | $2.53 | ||
| Q2 24 | $0.41 | $2.48 | ||
| Q1 24 | $0.87 | $2.04 |
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 | $803.0M |
| 总债务越低越好 | $14.6B | $8.8B |
| 股东权益账面价值 | $13.4B | $19.4B |
| 总资产 | $36.2B | $41.3B |
| 负债/权益比越低杠杆越低 | 1.09× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资APHETN
| Q4 25 | $11.4B | $803.0M | ||
| Q3 25 | $3.9B | $565.0M | ||
| Q2 25 | $3.2B | $584.0M | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $2.0B | $2.4B |
总债务APHETN
| Q4 25 | $14.6B | $8.8B | ||
| Q3 25 | $7.1B | $8.8B | ||
| Q2 25 | $7.1B | $8.8B | ||
| Q1 25 | $6.8B | $7.6B | ||
| Q4 24 | $6.5B | $8.5B | ||
| Q3 24 | $5.1B | $8.7B | ||
| Q2 24 | $5.0B | $8.6B | ||
| Q1 24 | $3.6B | $8.2B |
股东权益APHETN
| Q4 25 | $13.4B | $19.4B | ||
| Q3 25 | $12.5B | $18.8B | ||
| Q2 25 | $11.5B | $18.6B | ||
| Q1 25 | $10.3B | $18.5B | ||
| Q4 24 | $9.8B | $18.5B | ||
| Q3 24 | $9.5B | $19.1B | ||
| Q2 24 | $9.0B | $19.2B | ||
| Q1 24 | $8.7B | $19.3B |
总资产APHETN
| Q4 25 | $36.2B | $41.3B | ||
| Q3 25 | $27.1B | $40.6B | ||
| Q2 25 | $25.7B | $40.5B | ||
| Q1 25 | $22.9B | $39.2B | ||
| Q4 24 | $21.4B | $38.4B | ||
| Q3 24 | $19.6B | $39.2B | ||
| Q2 24 | $18.6B | $39.4B | ||
| Q1 24 | $16.7B | $38.5B |
负债/权益比APHETN
| Q4 25 | 1.09× | 0.45× | ||
| Q3 25 | 0.57× | 0.46× | ||
| Q2 25 | 0.62× | 0.47× | ||
| Q1 25 | 0.66× | 0.41× | ||
| Q4 24 | 0.66× | 0.46× | ||
| Q3 24 | 0.54× | 0.45× | ||
| Q2 24 | 0.56× | 0.45× | ||
| Q1 24 | 0.41× | 0.42× |
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 | $2.0B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $1.6B |
| 自由现金流率自由现金流/营收 | 22.8% | 22.3% |
| 资本支出强度资本支出/营收 | 3.9% | 5.6% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $3.6B |
8季度趋势，按日历期对齐
经营现金流APHETN
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $918.0M | ||
| Q1 25 | $764.9M | $238.0M | ||
| Q4 24 | $847.1M | $1.6B | ||
| Q3 24 | $704.0M | $1.3B | ||
| Q2 24 | $664.1M | $946.0M | ||
| Q1 24 | $599.5M | $475.0M |
自由现金流APHETN
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $716.0M | ||
| Q1 25 | $576.3M | $91.0M | ||
| Q4 24 | $647.3M | $1.3B | ||
| Q3 24 | $474.0M | $1.1B | ||
| Q2 24 | $522.8M | $759.0M | ||
| Q1 24 | $505.2M | $292.0M |
自由现金流率APHETN
| Q4 25 | 22.8% | 22.3% | ||
| Q3 25 | 19.6% | 16.8% | ||
| Q2 25 | 19.8% | 10.2% | ||
| Q1 25 | 12.0% | 1.4% | ||
| Q4 24 | 15.0% | 21.5% | ||
| Q3 24 | 11.7% | 17.7% | ||
| Q2 24 | 14.5% | 12.0% | ||
| Q1 24 | 15.5% | 4.9% |
资本支出强度APHETN
| Q4 25 | 3.9% | 5.6% | ||
| Q3 25 | 4.2% | 2.5% | ||
| Q2 25 | 5.3% | 2.9% | ||
| Q1 25 | 3.9% | 2.3% | ||
| Q4 24 | 4.6% | 4.1% | ||
| Q3 24 | 5.7% | 2.9% | ||
| Q2 24 | 3.9% | 2.9% | ||
| Q1 24 | 2.9% | 3.1% |
现金转化率APHETN
| Q4 25 | 1.44× | 1.74× | ||
| Q3 25 | 1.18× | 1.34× | ||
| Q2 25 | 1.30× | 0.93× | ||
| Q1 25 | 1.04× | 0.25× | ||
| Q4 24 | 1.14× | 1.64× | ||
| Q3 24 | 1.16× | 1.30× | ||
| Q2 24 | 1.27× | 0.95× | ||
| Q1 24 | 1.09× | 0.58× |
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% |
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
