vs
安费诺（APH）与FirstEnergy（FE）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FirstEnergy的1.7倍（$6.4B vs $3.8B），安费诺净利率更高（18.6% vs -1.3%，领先19.9%），安费诺同比增速更快（49.1% vs 19.6%），安费诺自由现金流更多（$1.5B vs $-30.0M），过去两年安费诺的营收复合增速更高（40.6% vs 7.5%）
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。
FirstEnergy Corp是总部位于美国俄亥俄州阿克伦市的电力公用事业企业，主营电力供应、电网运营相关业务，于1997年由俄亥俄爱迪生公司与森特里奥尔能源公司合并组建，是美国中西部地区颇具影响力的公共事业服务商。
APH vs FE — 直观对比
营收规模更大
APH
是对方的1.7倍
$3.8B
营收增速更快
APH
高出29.6%
19.6%
净利率更高
APH
高出19.9%
-1.3%
自由现金流更多
APH
多$1.5B
$-30.0M
两年增速更快
APH
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $3.8B |
| 净利润 | $1.2B | $-49.0M |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | -0.6% |
| 净利率 | 18.6% | -1.3% |
| 营收同比 | 49.1% | 19.6% |
| 净利润同比 | 60.2% | -118.8% |
| 每股收益（稀释后） | $0.93 | $-0.08 |
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APHFE
| Q4 25 | $6.4B | $3.8B | ||
| Q3 25 | $6.2B | $4.1B | ||
| Q2 25 | $5.7B | $3.4B | ||
| Q1 25 | $4.8B | $3.8B | ||
| Q4 24 | $4.3B | $3.2B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.6B | $3.3B | ||
| Q1 24 | $3.3B | $3.3B |
净利润APHFE
| Q4 25 | $1.2B | $-49.0M | ||
| Q3 25 | $1.2B | $441.0M | ||
| Q2 25 | $1.1B | $268.0M | ||
| Q1 25 | $737.8M | $360.0M | ||
| Q4 24 | $746.1M | $261.0M | ||
| Q3 24 | $604.4M | $419.0M | ||
| Q2 24 | $524.8M | $45.0M | ||
| Q1 24 | $548.7M | $253.0M |
毛利率APHFE
| 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APHFE
| Q4 25 | 26.8% | -0.6% | ||
| Q3 25 | 27.5% | 20.0% | ||
| Q2 25 | 25.1% | 19.1% | ||
| Q1 25 | 21.3% | 20.0% | ||
| Q4 24 | 22.1% | 19.3% | ||
| Q3 24 | 20.3% | 19.5% | ||
| Q2 24 | 19.4% | 12.9% | ||
| Q1 24 | 21.0% | 18.6% |
净利率APHFE
| Q4 25 | 18.6% | -1.3% | ||
| Q3 25 | 20.1% | 10.6% | ||
| Q2 25 | 19.3% | 7.9% | ||
| Q1 25 | 15.3% | 9.6% | ||
| Q4 24 | 17.3% | 8.2% | ||
| Q3 24 | 15.0% | 11.2% | ||
| Q2 24 | 14.5% | 1.4% | ||
| Q1 24 | 16.9% | 7.7% |
每股收益（稀释后）APHFE
| Q4 25 | $0.93 | $-0.08 | ||
| Q3 25 | $0.97 | $0.76 | ||
| Q2 25 | $0.86 | $0.46 | ||
| Q1 25 | $0.58 | $0.62 | ||
| Q4 24 | $0.16 | $0.45 | ||
| Q3 24 | $0.48 | $0.73 | ||
| Q2 24 | $0.41 | $0.08 | ||
| Q1 24 | $0.87 | $0.44 |
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 | $57.0M |
| 总债务越低越好 | $14.6B | $25.5B |
| 股东权益账面价值 | $13.4B | $12.5B |
| 总资产 | $36.2B | $55.9B |
| 负债/权益比越低杠杆越低 | 1.09× | 2.04× |
8季度趋势，按日历期对齐
现金及短期投资APHFE
| Q4 25 | $11.4B | $57.0M | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $3.2B | $569.0M | ||
| Q1 25 | $1.7B | $132.0M | ||
| Q4 24 | $3.3B | $111.0M | ||
| Q3 24 | $1.6B | $439.0M | ||
| Q2 24 | $1.3B | $60.0M | ||
| Q1 24 | $2.0B | $888.0M |
总债务APHFE
| Q4 25 | $14.6B | $25.5B | ||
| Q3 25 | $7.1B | $25.5B | ||
| Q2 25 | $7.1B | $23.7B | ||
| Q1 25 | $6.8B | $21.2B | ||
| Q4 24 | $6.5B | $22.5B | ||
| Q3 24 | $5.1B | $21.6B | ||
| Q2 24 | $5.0B | $20.8B | ||
| Q1 24 | $3.6B | $21.7B |
股东权益APHFE
| Q4 25 | $13.4B | $12.5B | ||
| Q3 25 | $12.5B | $12.8B | ||
| Q2 25 | $11.5B | $12.9B | ||
| Q1 25 | $10.3B | $12.6B | ||
| Q4 24 | $9.8B | $12.5B | ||
| Q3 24 | $9.5B | $12.4B | ||
| Q2 24 | $9.0B | $12.5B | ||
| Q1 24 | $8.7B | $12.4B |
总资产APHFE
| Q4 25 | $36.2B | $55.9B | ||
| Q3 25 | $27.1B | $55.9B | ||
| Q2 25 | $25.7B | $54.2B | ||
| Q1 25 | $22.9B | $52.8B | ||
| Q4 24 | $21.4B | $52.0B | ||
| Q3 24 | $19.6B | $50.8B | ||
| Q2 24 | $18.6B | $51.0B | ||
| Q1 24 | $16.7B | $51.3B |
负债/权益比APHFE
| Q4 25 | 1.09× | 2.04× | ||
| Q3 25 | 0.57× | 1.99× | ||
| Q2 25 | 0.62× | 1.85× | ||
| Q1 25 | 0.66× | 1.69× | ||
| Q4 24 | 0.66× | 1.81× | ||
| Q3 24 | 0.54× | 1.74× | ||
| Q2 24 | 0.56× | 1.67× | ||
| Q1 24 | 0.41× | 1.75× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $-30.0M |
| 自由现金流率自由现金流/营收 | 22.8% | -0.8% |
| 资本支出强度资本支出/营收 | 3.9% | 30.7% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $4.4B | $-1.0B |
8季度趋势，按日历期对齐
经营现金流APHFE
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.5B | $845.0M | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $764.9M | $637.0M | ||
| Q4 24 | $847.1M | $1.0B | ||
| Q3 24 | $704.0M | $775.0M | ||
| Q2 24 | $664.1M | $1.1B | ||
| Q1 24 | $599.5M | $-40.0M |
自由现金流APHFE
| Q4 25 | $1.5B | $-30.0M | ||
| Q3 25 | $1.2B | $-471.0M | ||
| Q2 25 | $1.1B | $-136.0M | ||
| Q1 25 | $576.3M | $-368.0M | ||
| Q4 24 | $647.3M | $-250.0M | ||
| Q3 24 | $474.0M | $-229.0M | ||
| Q2 24 | $522.8M | $170.0M | ||
| Q1 24 | $505.2M | $-830.0M |
自由现金流率APHFE
| Q4 25 | 22.8% | -0.8% | ||
| Q3 25 | 19.6% | -11.4% | ||
| Q2 25 | 19.8% | -4.0% | ||
| Q1 25 | 12.0% | -9.8% | ||
| Q4 24 | 15.0% | -7.9% | ||
| Q3 24 | 11.7% | -6.1% | ||
| Q2 24 | 14.5% | 5.2% | ||
| Q1 24 | 15.5% | -25.3% |
资本支出强度APHFE
| Q4 25 | 3.9% | 30.7% | ||
| Q3 25 | 4.2% | 31.7% | ||
| Q2 25 | 5.3% | 36.0% | ||
| Q1 25 | 3.9% | 26.7% | ||
| Q4 24 | 4.6% | 40.7% | ||
| Q3 24 | 5.7% | 26.9% | ||
| Q2 24 | 3.9% | 28.7% | ||
| Q1 24 | 2.9% | 24.0% |
现金转化率APHFE
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.18× | 1.92× | ||
| Q2 25 | 1.30× | 4.04× | ||
| Q1 25 | 1.04× | 1.77× | ||
| Q4 24 | 1.14× | 4.00× | ||
| Q3 24 | 1.16× | 1.85× | ||
| Q2 24 | 1.27× | 24.71× | ||
| Q1 24 | 1.09× | -0.16× |
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% |
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
