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安费诺（APH）与麦当劳（MCD）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麦当劳的1.2倍（$7.6B vs $6.5B），麦当劳净利率更高（30.4% vs 12.4%，领先18.0%），安费诺同比增速更快（58.4% vs 9.4%），过去两年安费诺的营收复合增速更高（45.3% vs 0.2%）
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。
麦当劳是源自美国的知名跨国连锁快餐品牌，主营汉堡、薯条、炸鸡等快餐食品，业务覆盖全球多个国家和地区。截至2024年，其全球门店数量在所有餐饮连锁品牌中位列第二，仅次于中国本土品牌蜜雪冰城。
APH vs MCD — 直观对比
营收规模更大
APH
是对方的1.2倍
$6.5B
营收增速更快
APH
高出49.0%
9.4%
净利率更高
MCD
高出18.0%
12.4%
两年增速更快
APH
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $6.5B |
| 净利润 | $943.3M | $2.0B |
| 毛利率 | 36.7% | — |
| 营业利润率 | 24.0% | 0.1% |
| 净利率 | 12.4% | 30.4% |
| 营收同比 | 58.4% | 9.4% |
| 净利润同比 | 26.8% | — |
| 每股收益（稀释后） | $0.72 | $2.00 |
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APHMCD
| Q1 26 | $7.6B | $6.5B | ||
| Q4 25 | $6.4B | $7.0B | ||
| Q3 25 | $6.2B | $7.1B | ||
| Q2 25 | $5.7B | $6.8B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.3B | $6.4B | ||
| Q3 24 | $4.0B | $6.9B | ||
| Q2 24 | $3.6B | $6.5B |
净利润APHMCD
| Q1 26 | $943.3M | $2.0B | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $737.8M | $1.9B | ||
| Q4 24 | $746.1M | $2.0B | ||
| Q3 24 | $604.4M | $2.3B | ||
| Q2 24 | $524.8M | $2.0B |
毛利率APHMCD
| Q1 26 | 36.7% | — | ||
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | 90.6% | ||
| Q2 25 | 36.3% | 90.4% | ||
| Q1 25 | 34.2% | 89.6% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | 90.6% | ||
| Q2 24 | 33.6% | 90.3% |
营业利润率APHMCD
| Q1 26 | 24.0% | 0.1% | ||
| Q4 25 | 26.8% | 45.0% | ||
| Q3 25 | 27.5% | 47.4% | ||
| Q2 25 | 25.1% | 47.2% | ||
| Q1 25 | 21.3% | 44.5% | ||
| Q4 24 | 22.1% | 44.9% | ||
| Q3 24 | 20.3% | 46.4% | ||
| Q2 24 | 19.4% | 45.0% |
净利率APHMCD
| Q1 26 | 12.4% | 30.4% | ||
| Q4 25 | 18.6% | 30.9% | ||
| Q3 25 | 20.1% | 32.2% | ||
| Q2 25 | 19.3% | 32.9% | ||
| Q1 25 | 15.3% | 31.4% | ||
| Q4 24 | 17.3% | 31.6% | ||
| Q3 24 | 15.0% | 32.8% | ||
| Q2 24 | 14.5% | 31.2% |
每股收益（稀释后）APHMCD
| Q1 26 | $0.72 | $2.00 | ||
| Q4 25 | $0.93 | $3.03 | ||
| Q3 25 | $0.97 | $3.18 | ||
| Q2 25 | $0.86 | $3.14 | ||
| Q1 25 | $0.58 | $2.60 | ||
| Q4 24 | $0.16 | $2.80 | ||
| Q3 24 | $0.48 | $3.13 | ||
| Q2 24 | $0.41 | $2.80 |
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 | — |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $14.1B | — |
| 总资产 | $42.1B | — |
| 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APHMCD
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $774.0M | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.3B | $792.0M |
总债务APHMCD
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $40.0B | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.5B | $38.4B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — |
股东权益APHMCD
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $-1.8B | ||
| Q3 25 | $12.5B | $-2.2B | ||
| Q2 25 | $11.5B | $-2.8B | ||
| Q1 25 | $10.3B | $-3.5B | ||
| Q4 24 | $9.8B | $-3.8B | ||
| Q3 24 | $9.5B | $-5.2B | ||
| Q2 24 | $9.0B | $-4.8B |
总资产APHMCD
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $59.5B | ||
| Q3 25 | $27.1B | $60.6B | ||
| Q2 25 | $25.7B | $59.6B | ||
| Q1 25 | $22.9B | $56.3B | ||
| Q4 24 | $21.4B | $55.2B | ||
| Q3 24 | $19.6B | $56.2B | ||
| Q2 24 | $18.6B | $53.8B |
负债/权益比APHMCD
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APHMCD
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $764.9M | $2.4B | ||
| Q4 24 | $847.1M | $2.6B | ||
| Q3 24 | $704.0M | $2.7B | ||
| Q2 24 | $664.1M | $1.7B |
自由现金流APHMCD
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $576.3M | $1.9B | ||
| Q4 24 | $647.3M | $1.8B | ||
| Q3 24 | $474.0M | $1.9B | ||
| Q2 24 | $522.8M | $1.1B |
自由现金流率APHMCD
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 23.4% | ||
| Q3 25 | 19.6% | 34.1% | ||
| Q2 25 | 19.8% | 18.3% | ||
| Q1 25 | 12.0% | 31.5% | ||
| Q4 24 | 15.0% | 28.6% | ||
| Q3 24 | 11.7% | 28.3% | ||
| Q2 24 | 14.5% | 16.3% |
资本支出强度APHMCD
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 15.1% | ||
| Q3 25 | 4.2% | 14.3% | ||
| Q2 25 | 5.3% | 10.9% | ||
| Q1 25 | 3.9% | 9.3% | ||
| Q4 24 | 4.6% | 12.6% | ||
| Q3 24 | 5.7% | 11.6% | ||
| Q2 24 | 3.9% | 9.7% |
现金转化率APHMCD
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 1.25× | ||
| Q3 25 | 1.18× | 1.50× | ||
| Q2 25 | 1.30× | 0.89× | ||
| Q1 25 | 1.04× | 1.30× | ||
| Q4 24 | 1.14× | 1.30× | ||
| Q3 24 | 1.16× | 1.21× | ||
| Q2 24 | 1.27× | 0.84× |
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% |
MCD
| Other | $2.5B | 38% |
| International Operated Markets | $1.8B | 27% |
| U.S | $1.8B | 27% |
| International Developmental Licensed Markets & Corporate | $476.0M | 7% |
