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安费诺（APH）与Keurig Dr Pepper（KDP）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Keurig Dr Pepper的1.6倍（$6.4B vs $4.0B），安费诺净利率更高（18.6% vs 6.8%，领先11.8%），安费诺同比增速更快（49.1% vs 9.4%），安费诺自由现金流更多（$1.5B vs $184.0M），过去两年安费诺的营收复合增速更高（40.6% vs 0.7%）
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。
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
APH vs KDP — 直观对比
营收规模更大
APH
是对方的1.6倍
$4.0B
营收增速更快
APH
高出39.7%
9.4%
净利率更高
APH
高出11.8%
6.8%
自由现金流更多
APH
多$1.3B
$184.0M
两年增速更快
APH
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $4.0B |
| 净利润 | $1.2B | $270.0M |
| 毛利率 | 38.2% | 52.8% |
| 营业利润率 | 26.8% | 19.0% |
| 净利率 | 18.6% | 6.8% |
| 营收同比 | 49.1% | 9.4% |
| 净利润同比 | 60.2% | -47.8% |
| 每股收益（稀释后） | $0.93 | $0.20 |
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APHKDP
| Q1 26 | — | $4.0B | ||
| Q4 25 | $6.4B | $4.5B | ||
| Q3 25 | $6.2B | $4.3B | ||
| Q2 25 | $5.7B | $4.2B | ||
| Q1 25 | $4.8B | $3.6B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $4.0B | $3.9B | ||
| Q2 24 | $3.6B | $3.9B |
净利润APHKDP
| Q1 26 | — | $270.0M | ||
| Q4 25 | $1.2B | $353.0M | ||
| Q3 25 | $1.2B | $662.0M | ||
| Q2 25 | $1.1B | $547.0M | ||
| Q1 25 | $737.8M | $517.0M | ||
| Q4 24 | $746.1M | $-144.0M | ||
| Q3 24 | $604.4M | $616.0M | ||
| Q2 24 | $524.8M | $515.0M |
毛利率APHKDP
| Q1 26 | — | 52.8% | ||
| Q4 25 | 38.2% | 53.8% | ||
| Q3 25 | 38.1% | 54.3% | ||
| Q2 25 | 36.3% | 54.2% | ||
| Q1 25 | 34.2% | 54.6% | ||
| Q4 24 | 34.3% | 55.9% | ||
| Q3 24 | 33.6% | 55.0% | ||
| Q2 24 | 33.6% | 55.4% |
营业利润率APHKDP
| Q1 26 | — | 19.0% | ||
| Q4 25 | 26.8% | 19.6% | ||
| Q3 25 | 27.5% | 23.1% | ||
| Q2 25 | 25.1% | 21.6% | ||
| Q1 25 | 21.3% | 22.0% | ||
| Q4 24 | 22.1% | 1.5% | ||
| Q3 24 | 20.3% | 23.2% | ||
| Q2 24 | 19.4% | 22.0% |
净利率APHKDP
| Q1 26 | — | 6.8% | ||
| Q4 25 | 18.6% | 7.8% | ||
| Q3 25 | 20.1% | 15.4% | ||
| Q2 25 | 19.3% | 13.1% | ||
| Q1 25 | 15.3% | 14.2% | ||
| Q4 24 | 17.3% | -3.5% | ||
| Q3 24 | 15.0% | 15.8% | ||
| Q2 24 | 14.5% | 13.1% |
每股收益（稀释后）APHKDP
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.93 | $0.26 | ||
| Q3 25 | $0.97 | $0.49 | ||
| Q2 25 | $0.86 | $0.40 | ||
| Q1 25 | $0.58 | $0.38 | ||
| Q4 24 | $0.16 | $-0.11 | ||
| Q3 24 | $0.48 | $0.45 | ||
| Q2 24 | $0.41 | $0.38 |
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 | $898.0M |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $25.3B |
| 总资产 | $36.2B | $73.1B |
| 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APHKDP
| Q1 26 | — | $898.0M | ||
| Q4 25 | $11.4B | $1.0B | ||
| Q3 25 | $3.9B | $516.0M | ||
| Q2 25 | $3.2B | $509.0M | ||
| Q1 25 | $1.7B | $653.0M | ||
| Q4 24 | $3.3B | $510.0M | ||
| Q3 24 | $1.6B | $552.0M | ||
| Q2 24 | $1.3B | $438.0M |
总债务APHKDP
| Q1 26 | — | — | ||
| 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APHKDP
| Q1 26 | — | $25.3B | ||
| Q4 25 | $13.4B | $25.5B | ||
| Q3 25 | $12.5B | $25.3B | ||
| Q2 25 | $11.5B | $25.0B | ||
| Q1 25 | $10.3B | $24.4B | ||
| Q4 24 | $9.8B | $24.2B | ||
| Q3 24 | $9.5B | $25.0B | ||
| Q2 24 | $9.0B | $24.7B |
总资产APHKDP
| Q1 26 | — | $73.1B | ||
| Q4 25 | $36.2B | $55.5B | ||
| Q3 25 | $27.1B | $54.6B | ||
| Q2 25 | $25.7B | $54.4B | ||
| Q1 25 | $22.9B | $53.7B | ||
| Q4 24 | $21.4B | $53.4B | ||
| Q3 24 | $19.6B | $52.7B | ||
| Q2 24 | $18.6B | $52.3B |
负债/权益比APHKDP
| Q1 26 | — | — | ||
| 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 | $1.7B | $281.0M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $184.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 4.6% |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 1.44× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $1.6B |
8季度趋势，按日历期对齐
经营现金流APHKDP
| Q1 26 | — | $281.0M | ||
| Q4 25 | $1.7B | $712.0M | ||
| Q3 25 | $1.5B | $639.0M | ||
| Q2 25 | $1.4B | $431.0M | ||
| Q1 25 | $764.9M | $209.0M | ||
| Q4 24 | $847.1M | $849.0M | ||
| Q3 24 | $704.0M | $628.0M | ||
| Q2 24 | $664.1M | $657.0M |
自由现金流APHKDP
| Q1 26 | — | $184.0M | ||
| Q4 25 | $1.5B | $564.0M | ||
| Q3 25 | $1.2B | $527.0M | ||
| Q2 25 | $1.1B | $325.0M | ||
| Q1 25 | $576.3M | $89.0M | ||
| Q4 24 | $647.3M | $684.0M | ||
| Q3 24 | $474.0M | $503.0M | ||
| Q2 24 | $522.8M | $542.0M |
自由现金流率APHKDP
| Q1 26 | — | 4.6% | ||
| Q4 25 | 22.8% | 12.5% | ||
| Q3 25 | 19.6% | 12.2% | ||
| Q2 25 | 19.8% | 7.8% | ||
| Q1 25 | 12.0% | 2.4% | ||
| Q4 24 | 15.0% | 16.8% | ||
| Q3 24 | 11.7% | 12.9% | ||
| Q2 24 | 14.5% | 13.8% |
资本支出强度APHKDP
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 3.3% | ||
| Q3 25 | 4.2% | 2.6% | ||
| Q2 25 | 5.3% | 2.5% | ||
| Q1 25 | 3.9% | 3.3% | ||
| Q4 24 | 4.6% | 4.1% | ||
| Q3 24 | 5.7% | 3.2% | ||
| Q2 24 | 3.9% | 2.9% |
现金转化率APHKDP
| Q1 26 | — | 1.04× | ||
| Q4 25 | 1.44× | 2.02× | ||
| Q3 25 | 1.18× | 0.97× | ||
| Q2 25 | 1.30× | 0.79× | ||
| Q1 25 | 1.04× | 0.40× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | 1.02× | ||
| Q2 24 | 1.27× | 1.28× |
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% |
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
