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安费诺（APH）与KKR & Co.（KKR）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KKR & Co.的1.1倍（$6.4B vs $5.7B），KKR & Co.净利率更高（20.0% vs 18.6%，领先1.4%），KKR & Co.同比增速更快（76.1% vs 49.1%），过去两年安费诺的营收复合增速更高（40.6% vs -22.9%）
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。
KKR（全称Kohlberg Kravis Roberts & Co.）是源自美国的全球知名私募股权投资机构，截至2024年12月31日，已累计完成770笔私募股权投资，对应总企业价值约7900亿美元，资产管理规模达5530亿美元，其中付费资产管理规模为4460亿美元。
APH vs KKR — 直观对比
营收规模更大
APH
是对方的1.1倍
$5.7B
营收增速更快
KKR
高出27.0%
49.1%
净利率更高
KKR
高出1.4%
18.6%
两年增速更快
APH
近两年复合增速
-22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $5.7B |
| 净利润 | $1.2B | $1.1B |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | 45.3% |
| 净利率 | 18.6% | 20.0% |
| 营收同比 | 49.1% | 76.1% |
| 净利润同比 | 60.2% | 1.8% |
| 每股收益（稀释后） | $0.93 | — |
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APHKKR
| Q4 25 | $6.4B | $5.7B | ||
| Q3 25 | $6.2B | $5.5B | ||
| Q2 25 | $5.7B | $5.1B | ||
| Q1 25 | $4.8B | $3.1B | ||
| Q4 24 | $4.3B | $3.3B | ||
| Q3 24 | $4.0B | $4.8B | ||
| Q2 24 | $3.6B | $4.2B | ||
| Q1 24 | $3.3B | $9.7B |
净利润APHKKR
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $900.4M | ||
| Q2 25 | $1.1B | $510.1M | ||
| Q1 25 | $737.8M | $-185.9M | ||
| Q4 24 | $746.1M | $1.1B | ||
| Q3 24 | $604.4M | $600.5M | ||
| Q2 24 | $524.8M | $667.9M | ||
| Q1 24 | $548.7M | $682.2M |
毛利率APHKKR
| 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APHKKR
| Q4 25 | 26.8% | 45.3% | ||
| Q3 25 | 27.5% | 39.8% | ||
| Q2 25 | 25.1% | 30.0% | ||
| Q1 25 | 21.3% | 24.8% | ||
| Q4 24 | 22.1% | 50.4% | ||
| Q3 24 | 20.3% | 34.3% | ||
| Q2 24 | 19.4% | 29.0% | ||
| Q1 24 | 21.0% | 14.1% |
净利率APHKKR
| Q4 25 | 18.6% | 20.0% | ||
| Q3 25 | 20.1% | 16.3% | ||
| Q2 25 | 19.3% | 10.0% | ||
| Q1 25 | 15.3% | -6.0% | ||
| Q4 24 | 17.3% | 34.5% | ||
| Q3 24 | 15.0% | 12.5% | ||
| Q2 24 | 14.5% | 16.0% | ||
| Q1 24 | 16.9% | 7.1% |
每股收益（稀释后）APHKKR
| Q4 25 | $0.93 | — | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.86 | — | ||
| Q1 25 | $0.58 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $0.87 | — |
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 | — |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $30.9B |
| 总资产 | $36.2B | $410.1B |
| 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APHKKR
| Q4 25 | $11.4B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $2.0B | — |
总债务APHKKR
| 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APHKKR
| Q4 25 | $13.4B | $30.9B | ||
| Q3 25 | $12.5B | $29.7B | ||
| Q2 25 | $11.5B | $28.2B | ||
| Q1 25 | $10.3B | $27.5B | ||
| Q4 24 | $9.8B | $23.7B | ||
| Q3 24 | $9.5B | $24.1B | ||
| Q2 24 | $9.0B | $21.7B | ||
| Q1 24 | $8.7B | $21.4B |
总资产APHKKR
| Q4 25 | $36.2B | $410.1B | ||
| Q3 25 | $27.1B | $398.5B | ||
| Q2 25 | $25.7B | $380.9B | ||
| Q1 25 | $22.9B | $372.4B | ||
| Q4 24 | $21.4B | $360.1B | ||
| Q3 24 | $19.6B | $360.7B | ||
| Q2 24 | $18.6B | $348.5B | ||
| Q1 24 | $16.7B | $339.8B |
负债/权益比APHKKR
| 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 | $-4.9B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | — |
| 自由现金流率自由现金流/营收 | 22.8% | — |
| 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× | -4.28× |
| 过去12个月自由现金流最近4个季度 | $4.4B | — |
8季度趋势，按日历期对齐
经营现金流APHKKR
| Q4 25 | $1.7B | $-4.9B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.4B | $438.8M | ||
| Q1 25 | $764.9M | $2.5B | ||
| Q4 24 | $847.1M | $-111.7M | ||
| Q3 24 | $704.0M | $1.9B | ||
| Q2 24 | $664.1M | $3.4B | ||
| Q1 24 | $599.5M | $1.5B |
自由现金流APHKKR
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | — | ||
| Q1 24 | $505.2M | — |
自由现金流率APHKKR
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 15.5% | — |
资本支出强度APHKKR
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 2.9% | — |
现金转化率APHKKR
| Q4 25 | 1.44× | -4.28× | ||
| Q3 25 | 1.18× | 2.65× | ||
| Q2 25 | 1.30× | 0.86× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | -0.10× | ||
| Q3 24 | 1.16× | 3.12× | ||
| Q2 24 | 1.27× | 5.03× | ||
| Q1 24 | 1.09× | 2.24× |
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% |
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
