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安费诺（APH）与盖璞（GAP）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盖璞的1.6倍（$6.4B vs $3.9B），安费诺净利率更高（18.6% vs 6.0%，领先12.6%），安费诺同比增速更快（49.1% vs 3.0%），安费诺自由现金流更多（$1.5B vs $153.0M），过去两年安费诺的营收复合增速更高（40.6% vs -4.2%）
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。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
APH vs GAP — 直观对比
营收规模更大
APH
是对方的1.6倍
$3.9B
营收增速更快
APH
高出46.2%
3.0%
净利率更高
APH
高出12.6%
6.0%
自由现金流更多
APH
多$1.3B
$153.0M
两年增速更快
APH
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $3.9B |
| 净利润 | $1.2B | $236.0M |
| 毛利率 | 38.2% | 42.4% |
| 营业利润率 | 26.8% | 8.5% |
| 净利率 | 18.6% | 6.0% |
| 营收同比 | 49.1% | 3.0% |
| 净利润同比 | 60.2% | -13.9% |
| 每股收益（稀释后） | $0.93 | $0.62 |
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APHGAP
| Q4 25 | $6.4B | $3.9B | ||
| Q3 25 | $6.2B | $3.7B | ||
| Q2 25 | $5.7B | $3.5B | ||
| Q1 25 | $4.8B | $4.1B | ||
| Q4 24 | $4.3B | $3.8B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.6B | $3.4B | ||
| Q1 24 | $3.3B | $4.3B |
净利润APHGAP
| Q4 25 | $1.2B | $236.0M | ||
| Q3 25 | $1.2B | $216.0M | ||
| Q2 25 | $1.1B | $193.0M | ||
| Q1 25 | $737.8M | $206.0M | ||
| Q4 24 | $746.1M | $274.0M | ||
| Q3 24 | $604.4M | $206.0M | ||
| Q2 24 | $524.8M | $158.0M | ||
| Q1 24 | $548.7M | $185.0M |
毛利率APHGAP
| Q4 25 | 38.2% | 42.4% | ||
| Q3 25 | 38.1% | 41.2% | ||
| Q2 25 | 36.3% | 41.8% | ||
| Q1 25 | 34.2% | 38.9% | ||
| Q4 24 | 34.3% | 42.7% | ||
| Q3 24 | 33.6% | 42.6% | ||
| Q2 24 | 33.6% | 41.2% | ||
| Q1 24 | 33.4% | 38.9% |
营业利润率APHGAP
| Q4 25 | 26.8% | 8.5% | ||
| Q3 25 | 27.5% | 7.8% | ||
| Q2 25 | 25.1% | 7.5% | ||
| Q1 25 | 21.3% | 6.2% | ||
| Q4 24 | 22.1% | 9.3% | ||
| Q3 24 | 20.3% | 7.9% | ||
| Q2 24 | 19.4% | 6.1% | ||
| Q1 24 | 21.0% | 5.0% |
净利率APHGAP
| Q4 25 | 18.6% | 6.0% | ||
| Q3 25 | 20.1% | 5.8% | ||
| Q2 25 | 19.3% | 5.6% | ||
| Q1 25 | 15.3% | 5.0% | ||
| Q4 24 | 17.3% | 7.2% | ||
| Q3 24 | 15.0% | 5.5% | ||
| Q2 24 | 14.5% | 4.7% | ||
| Q1 24 | 16.9% | 4.3% |
每股收益（稀释后）APHGAP
| Q4 25 | $0.93 | $0.62 | ||
| Q3 25 | $0.97 | $0.57 | ||
| Q2 25 | $0.86 | $0.51 | ||
| Q1 25 | $0.58 | $0.53 | ||
| Q4 24 | $0.16 | $0.72 | ||
| Q3 24 | $0.48 | $0.54 | ||
| Q2 24 | $0.41 | $0.41 | ||
| Q1 24 | $0.87 | $0.49 |
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 | $2.5B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $3.6B |
| 总资产 | $36.2B | $12.4B |
| 负债/权益比越低杠杆越低 | 1.09× | — |
8季度趋势，按日历期对齐
现金及短期投资APHGAP
| Q4 25 | $11.4B | $2.5B | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $3.3B | $2.2B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $2.0B | $1.9B |
总债务APHGAP
| Q4 25 | $14.6B | — | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $3.6B | — |
股东权益APHGAP
| Q4 25 | $13.4B | $3.6B | ||
| Q3 25 | $12.5B | $3.4B | ||
| Q2 25 | $11.5B | $3.3B | ||
| Q1 25 | $10.3B | $3.3B | ||
| Q4 24 | $9.8B | $3.1B | ||
| Q3 24 | $9.5B | $2.9B | ||
| Q2 24 | $9.0B | $2.7B | ||
| Q1 24 | $8.7B | $2.6B |
总资产APHGAP
| Q4 25 | $36.2B | $12.4B | ||
| Q3 25 | $27.1B | $12.1B | ||
| Q2 25 | $25.7B | $11.6B | ||
| Q1 25 | $22.9B | $11.9B | ||
| Q4 24 | $21.4B | $11.9B | ||
| Q3 24 | $19.6B | $11.5B | ||
| Q2 24 | $18.6B | $10.9B | ||
| Q1 24 | $16.7B | $11.0B |
负债/权益比APHGAP
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.41× | — |
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 | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $153.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 3.9% |
| 资本支出强度资本支出/营收 | 3.9% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $779.0M |
8季度趋势，按日历期对齐
经营现金流APHGAP
| Q4 25 | $1.7B | $299.0M | ||
| Q3 25 | $1.5B | $448.0M | ||
| Q2 25 | $1.4B | $-140.0M | ||
| Q1 25 | $764.9M | $616.0M | ||
| Q4 24 | $847.1M | $291.0M | ||
| Q3 24 | $704.0M | $549.0M | ||
| Q2 24 | $664.1M | $30.0M | ||
| Q1 24 | $599.5M | $700.0M |
自由现金流APHGAP
| Q4 25 | $1.5B | $153.0M | ||
| Q3 25 | $1.2B | $350.0M | ||
| Q2 25 | $1.1B | $-223.0M | ||
| Q1 25 | $576.3M | $499.0M | ||
| Q4 24 | $647.3M | $143.0M | ||
| Q3 24 | $474.0M | $460.0M | ||
| Q2 24 | $522.8M | $-63.0M | ||
| Q1 24 | $505.2M | $568.0M |
自由现金流率APHGAP
| Q4 25 | 22.8% | 3.9% | ||
| Q3 25 | 19.6% | 9.4% | ||
| Q2 25 | 19.8% | -6.4% | ||
| Q1 25 | 12.0% | 12.0% | ||
| Q4 24 | 15.0% | 3.7% | ||
| Q3 24 | 11.7% | 12.4% | ||
| Q2 24 | 14.5% | -1.9% | ||
| Q1 24 | 15.5% | 13.2% |
资本支出强度APHGAP
| Q4 25 | 3.9% | 3.7% | ||
| Q3 25 | 4.2% | 2.6% | ||
| Q2 25 | 5.3% | 2.4% | ||
| Q1 25 | 3.9% | 2.8% | ||
| Q4 24 | 4.6% | 3.9% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 3.9% | 2.7% | ||
| Q1 24 | 2.9% | 3.1% |
现金转化率APHGAP
| Q4 25 | 1.44× | 1.27× | ||
| Q3 25 | 1.18× | 2.07× | ||
| Q2 25 | 1.30× | -0.73× | ||
| Q1 25 | 1.04× | 2.99× | ||
| Q4 24 | 1.14× | 1.06× | ||
| Q3 24 | 1.16× | 2.67× | ||
| Q2 24 | 1.27× | 0.19× | ||
| Q1 24 | 1.09× | 3.78× |
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% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
