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安费诺（APH）与高盛（GS）财务数据对比。点击上方公司名可切换其他公司
高盛的季度营收约是安费诺的1.8倍（$13.5B vs $7.6B），高盛净利率更高（34.3% vs 12.4%，领先21.9%），安费诺自由现金流更多（$831.2M vs $-16.8B）
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。
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55位。
APH vs GS — 直观对比
营收规模更大
GS
是对方的1.8倍
$7.6B
净利率更高
GS
高出21.9%
12.4%
自由现金流更多
APH
多$17.6B
$-16.8B
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $13.5B |
| 净利润 | $943.3M | $4.6B |
| 毛利率 | 36.7% | — |
| 营业利润率 | 24.0% | 43.5% |
| 净利率 | 12.4% | 34.3% |
| 营收同比 | 58.4% | — |
| 净利润同比 | 26.8% | — |
| 每股收益（稀释后） | $0.72 | $14.04 |
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APHGS
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.4B | $13.5B | ||
| Q3 25 | $6.2B | $15.2B | ||
| Q2 25 | $5.7B | $14.6B | ||
| Q1 25 | $4.8B | $15.1B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | $12.7B | ||
| Q2 24 | $3.6B | $12.7B |
净利润APHGS
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $737.8M | $4.7B | ||
| Q4 24 | $746.1M | — | ||
| Q3 24 | $604.4M | $3.0B | ||
| Q2 24 | $524.8M | $3.0B |
毛利率APHGS
| Q1 26 | 36.7% | — | ||
| 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% | — |
营业利润率APHGS
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 43.5% | ||
| Q3 25 | 27.5% | 35.5% | ||
| Q2 25 | 25.1% | 34.0% | ||
| Q1 25 | 21.3% | 37.5% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | 31.4% | ||
| Q2 24 | 19.4% | 30.8% |
净利率APHGS
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 34.3% | ||
| Q3 25 | 20.1% | 27.0% | ||
| Q2 25 | 19.3% | 25.5% | ||
| Q1 25 | 15.3% | 31.5% | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.0% | 23.5% | ||
| Q2 24 | 14.5% | 23.9% |
每股收益（稀释后）APHGS
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $14.04 | ||
| Q3 25 | $0.97 | $12.25 | ||
| Q2 25 | $0.86 | $10.91 | ||
| Q1 25 | $0.58 | $14.12 | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | $8.40 | ||
| Q2 24 | $0.41 | $8.62 |
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 | $4.6B | $164.3B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $14.1B | $125.0B |
| 总资产 | $42.1B | $1809.3B |
| 负债/权益比越低杠杆越低 | 1.33× | — |
8季度趋势，按日历期对齐
现金及短期投资APHGS
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $164.3B | ||
| Q3 25 | $3.9B | $169.6B | ||
| Q2 25 | $3.2B | $153.0B | ||
| Q1 25 | $1.7B | $167.4B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | $154.7B | ||
| Q2 24 | $1.3B | $206.3B |
总债务APHGS
| Q1 26 | $18.7B | — | ||
| 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 | — |
股东权益APHGS
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $125.0B | ||
| Q3 25 | $12.5B | $124.4B | ||
| Q2 25 | $11.5B | $124.1B | ||
| Q1 25 | $10.3B | $124.3B | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.5B | $121.2B | ||
| Q2 24 | $9.0B | $119.5B |
总资产APHGS
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $1809.3B | ||
| Q3 25 | $27.1B | $1808.0B | ||
| Q2 25 | $25.7B | $1785.0B | ||
| Q1 25 | $22.9B | $1766.2B | ||
| Q4 24 | $21.4B | — | ||
| Q3 24 | $19.6B | $1728.1B | ||
| Q2 24 | $18.6B | $1653.3B |
负债/权益比APHGS
| Q1 26 | 1.33× | — | ||
| 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× | — |
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 | $1.1B | $-16.3B |
| 自由现金流经营现金流 - 资本支出 | $831.2M | $-16.8B |
| 自由现金流率自由现金流/营收 | 10.9% | -124.9% |
| 资本支出强度资本支出/营收 | 3.8% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.19× | -3.53× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $-47.2B |
8季度趋势，按日历期对齐
经营现金流APHGS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $-16.3B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.4B | $5.7B | ||
| Q1 25 | $764.9M | $-37.2B | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | — | ||
| Q2 24 | $664.1M | — |
自由现金流APHGS
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $-16.8B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $5.2B | ||
| Q1 25 | $576.3M | $-37.7B | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | — |
自由现金流率APHGS
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | -124.9% | ||
| Q3 25 | 19.6% | 14.0% | ||
| Q2 25 | 19.8% | 35.6% | ||
| Q1 25 | 12.0% | -250.5% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度APHGS
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 3.9% | ||
| Q3 25 | 4.2% | 3.7% | ||
| Q2 25 | 5.3% | 3.3% | ||
| Q1 25 | 3.9% | 3.3% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 3.9% | — |
现金转化率APHGS
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | -3.53× | ||
| Q3 25 | 1.18× | 0.65× | ||
| Q2 25 | 1.30× | 1.52× | ||
| Q1 25 | 1.04× | -7.86× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.27× | — |
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 | $4.5B | 60% |
| Harsh Environment Solutions | $1.7B | 22% |
| Interconnect and Sensor Systems | $1.4B | 18% |
GS
| Global Banking And Markets | $10.5B | 78% |
| Other | $2.9B | 22% |
