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安费诺（APH）与CarMax（KMX）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CarMax的1.1倍（$6.4B vs $5.8B），安费诺净利率更高（18.6% vs 1.1%，领先17.5%），安费诺同比增速更快（49.1% vs -6.9%），安费诺自由现金流更多（$1.5B vs $1.1B），过去两年安费诺的营收复合增速更高（40.6% vs 1.5%）
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。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
APH vs KMX — 直观对比
营收规模更大
APH
是对方的1.1倍
$5.8B
营收增速更快
APH
高出56.0%
-6.9%
净利率更高
APH
高出17.5%
1.1%
自由现金流更多
APH
多$355.2M
$1.1B
两年增速更快
APH
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $5.8B |
| 净利润 | $1.2B | $62.2M |
| 毛利率 | 38.2% | 10.2% |
| 营业利润率 | 26.8% | — |
| 净利率 | 18.6% | 1.1% |
| 营收同比 | 49.1% | -6.9% |
| 净利润同比 | 60.2% | -50.4% |
| 每股收益（稀释后） | $0.93 | $0.43 |
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APHKMX
| Q4 25 | $6.4B | $5.8B | ||
| Q3 25 | $6.2B | $6.6B | ||
| Q2 25 | $5.7B | $7.5B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.3B | $6.2B | ||
| Q3 24 | $4.0B | $7.0B | ||
| Q2 24 | $3.6B | $7.1B | ||
| Q1 24 | $3.3B | $5.6B |
净利润APHKMX
| Q4 25 | $1.2B | $62.2M | ||
| Q3 25 | $1.2B | $95.4M | ||
| Q2 25 | $1.1B | $210.4M | ||
| Q1 25 | $737.8M | $89.9M | ||
| Q4 24 | $746.1M | $125.4M | ||
| Q3 24 | $604.4M | $132.8M | ||
| Q2 24 | $524.8M | $152.4M | ||
| Q1 24 | $548.7M | $50.3M |
毛利率APHKMX
| Q4 25 | 38.2% | 10.2% | ||
| Q3 25 | 38.1% | 10.9% | ||
| Q2 25 | 36.3% | 11.8% | ||
| Q1 25 | 34.2% | 11.1% | ||
| Q4 24 | 34.3% | 10.9% | ||
| Q3 24 | 33.6% | 10.8% | ||
| Q2 24 | 33.6% | 11.1% | ||
| Q1 24 | 33.4% | 10.4% |
营业利润率APHKMX
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 25.1% | — | ||
| Q1 25 | 21.3% | 2.0% | ||
| Q4 24 | 22.1% | 2.7% | ||
| Q3 24 | 20.3% | 2.5% | ||
| Q2 24 | 19.4% | 2.9% | ||
| Q1 24 | 21.0% | 1.2% |
净利率APHKMX
| Q4 25 | 18.6% | 1.1% | ||
| Q3 25 | 20.1% | 1.4% | ||
| Q2 25 | 19.3% | 2.8% | ||
| Q1 25 | 15.3% | 1.5% | ||
| Q4 24 | 17.3% | 2.0% | ||
| Q3 24 | 15.0% | 1.9% | ||
| Q2 24 | 14.5% | 2.1% | ||
| Q1 24 | 16.9% | 0.9% |
每股收益（稀释后）APHKMX
| Q4 25 | $0.93 | $0.43 | ||
| Q3 25 | $0.97 | $0.64 | ||
| Q2 25 | $0.86 | $1.38 | ||
| Q1 25 | $0.58 | $0.58 | ||
| Q4 24 | $0.16 | $0.81 | ||
| Q3 24 | $0.48 | $0.85 | ||
| Q2 24 | $0.41 | $0.97 | ||
| Q1 24 | $0.87 | $0.31 |
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 | $204.9M |
| 总债务越低越好 | $14.6B | $16.6B |
| 股东权益账面价值 | $13.4B | $6.1B |
| 总资产 | $36.2B | $25.6B |
| 负债/权益比越低杠杆越低 | 1.09× | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资APHKMX
| Q4 25 | $11.4B | $204.9M | ||
| Q3 25 | $3.9B | $540.4M | ||
| Q2 25 | $3.2B | $262.8M | ||
| Q1 25 | $1.7B | $247.0M | ||
| Q4 24 | $3.3B | $271.9M | ||
| Q3 24 | $1.6B | $524.7M | ||
| Q2 24 | $1.3B | $218.9M | ||
| Q1 24 | $2.0B | $574.1M |
总债务APHKMX
| Q4 25 | $14.6B | $16.6B | ||
| Q3 25 | $7.1B | $17.8B | ||
| Q2 25 | $7.1B | $18.0B | ||
| Q1 25 | $6.8B | $18.1B | ||
| Q4 24 | $6.5B | $18.1B | ||
| Q3 24 | $5.1B | $18.1B | ||
| Q2 24 | $5.0B | $18.2B | ||
| Q1 24 | $3.6B | $18.0B |
股东权益APHKMX
| Q4 25 | $13.4B | $6.1B | ||
| Q3 25 | $12.5B | $6.2B | ||
| Q2 25 | $11.5B | $6.3B | ||
| Q1 25 | $10.3B | $6.2B | ||
| Q4 24 | $9.8B | $6.2B | ||
| Q3 24 | $9.5B | $6.2B | ||
| Q2 24 | $9.0B | $6.2B | ||
| Q1 24 | $8.7B | $6.1B |
总资产APHKMX
| Q4 25 | $36.2B | $25.6B | ||
| Q3 25 | $27.1B | $27.1B | ||
| Q2 25 | $25.7B | $27.4B | ||
| Q1 25 | $22.9B | $27.4B | ||
| Q4 24 | $21.4B | $27.3B | ||
| Q3 24 | $19.6B | $27.3B | ||
| Q2 24 | $18.6B | $27.2B | ||
| Q1 24 | $16.7B | $27.2B |
负债/权益比APHKMX
| Q4 25 | 1.09× | 2.74× | ||
| Q3 25 | 0.57× | 2.87× | ||
| Q2 25 | 0.62× | 2.86× | ||
| Q1 25 | 0.66× | 2.91× | ||
| Q4 24 | 0.66× | 2.92× | ||
| Q3 24 | 0.54× | 2.93× | ||
| Q2 24 | 0.56× | 2.95× | ||
| Q1 24 | 0.41× | 2.96× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $1.1B |
| 自由现金流率自由现金流/营收 | 22.8% | 19.2% |
| 资本支出强度资本支出/营收 | 3.9% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.44× | 20.14× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $1.9B |
8季度趋势，按日历期对齐
经营现金流APHKMX
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.5B | $785.5M | ||
| Q2 25 | $1.4B | $299.5M | ||
| Q1 25 | $764.9M | $146.4M | ||
| Q4 24 | $847.1M | $-23.4M | ||
| Q3 24 | $704.0M | $619.1M | ||
| Q2 24 | $664.1M | $-117.7M | ||
| Q1 24 | $599.5M | $309.6M |
自由现金流APHKMX
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.2B | $654.0M | ||
| Q2 25 | $1.1B | $162.8M | ||
| Q1 25 | $576.3M | $18.8M | ||
| Q4 24 | $647.3M | $-150.6M | ||
| Q3 24 | $474.0M | $509.9M | ||
| Q2 24 | $522.8M | $-221.6M | ||
| Q1 24 | $505.2M | $199.8M |
自由现金流率APHKMX
| Q4 25 | 22.8% | 19.2% | ||
| Q3 25 | 19.6% | 9.9% | ||
| Q2 25 | 19.8% | 2.2% | ||
| Q1 25 | 12.0% | 0.3% | ||
| Q4 24 | 15.0% | -2.4% | ||
| Q3 24 | 11.7% | 7.3% | ||
| Q2 24 | 14.5% | -3.1% | ||
| Q1 24 | 15.5% | 3.6% |
资本支出强度APHKMX
| Q4 25 | 3.9% | 2.4% | ||
| Q3 25 | 4.2% | 2.0% | ||
| Q2 25 | 5.3% | 1.8% | ||
| Q1 25 | 3.9% | 2.1% | ||
| Q4 24 | 4.6% | 2.0% | ||
| Q3 24 | 5.7% | 1.6% | ||
| Q2 24 | 3.9% | 1.5% | ||
| Q1 24 | 2.9% | 2.0% |
现金转化率APHKMX
| Q4 25 | 1.44× | 20.14× | ||
| Q3 25 | 1.18× | 8.24× | ||
| Q2 25 | 1.30× | 1.42× | ||
| Q1 25 | 1.04× | 1.63× | ||
| Q4 24 | 1.14× | -0.19× | ||
| Q3 24 | 1.16× | 4.66× | ||
| Q2 24 | 1.27× | -0.77× | ||
| Q1 24 | 1.09× | 6.16× |
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% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
