vs
安费诺（APH）与帕卡（PCAR）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帕卡的1.1倍（$7.6B vs $6.8B），安费诺净利率更高（12.4% vs 8.2%，领先4.2%），安费诺同比增速更快（58.4% vs -13.7%），过去两年安费诺的营收复合增速更高（45.3% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
APH vs PCAR — 直观对比
营收规模更大
APH
是对方的1.1倍
$6.8B
营收增速更快
APH
高出72.1%
-13.7%
净利率更高
APH
高出4.2%
8.2%
两年增速更快
APH
近两年复合增速
-11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $6.8B |
| 净利润 | $943.3M | $556.9M |
| 毛利率 | 36.7% | 19.3% |
| 营业利润率 | 24.0% | 10.3% |
| 净利率 | 12.4% | 8.2% |
| 营收同比 | 58.4% | -13.7% |
| 净利润同比 | 26.8% | -36.1% |
| 每股收益（稀释后） | $0.72 | $1.06 |
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APHPCAR
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.4B | $6.8B | ||
| Q3 25 | $6.2B | $6.7B | ||
| Q2 25 | $5.7B | $7.5B | ||
| Q1 25 | $4.8B | $7.4B | ||
| Q4 24 | $4.3B | $7.9B | ||
| Q3 24 | $4.0B | $8.2B | ||
| Q2 24 | $3.6B | $8.8B |
净利润APHPCAR
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $556.9M | ||
| Q3 25 | $1.2B | $590.0M | ||
| Q2 25 | $1.1B | $723.8M | ||
| Q1 25 | $737.8M | $505.1M | ||
| Q4 24 | $746.1M | $872.0M | ||
| Q3 24 | $604.4M | $972.1M | ||
| Q2 24 | $524.8M | $1.1B |
毛利率APHPCAR
| Q1 26 | 36.7% | — | ||
| Q4 25 | 38.2% | 19.3% | ||
| Q3 25 | 38.1% | 19.9% | ||
| Q2 25 | 36.3% | 20.2% | ||
| Q1 25 | 34.2% | 20.8% | ||
| Q4 24 | 34.3% | 21.6% | ||
| Q3 24 | 33.6% | 22.0% | ||
| Q2 24 | 33.6% | 22.8% |
营业利润率APHPCAR
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 10.3% | ||
| Q3 25 | 27.5% | 11.1% | ||
| Q2 25 | 25.1% | 12.4% | ||
| Q1 25 | 21.3% | 8.6% | ||
| Q4 24 | 22.1% | 14.5% | ||
| Q3 24 | 20.3% | 15.2% | ||
| Q2 24 | 19.4% | 16.7% |
净利率APHPCAR
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 8.2% | ||
| Q3 25 | 20.1% | 8.8% | ||
| Q2 25 | 19.3% | 9.6% | ||
| Q1 25 | 15.3% | 6.8% | ||
| Q4 24 | 17.3% | 11.0% | ||
| Q3 24 | 15.0% | 11.8% | ||
| Q2 24 | 14.5% | 12.8% |
每股收益（稀释后）APHPCAR
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $1.06 | ||
| Q3 25 | $0.97 | $1.12 | ||
| Q2 25 | $0.86 | $1.37 | ||
| Q1 25 | $0.58 | $0.96 | ||
| Q4 24 | $0.16 | $1.65 | ||
| Q3 24 | $0.48 | $1.85 | ||
| Q2 24 | $0.41 | $2.13 |
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 | $19.3B |
| 总资产 | $42.1B | $44.3B |
| 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APHPCAR
| Q1 26 | $4.6B | — | ||
| 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 | — |
总债务APHPCAR
| 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APHPCAR
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $19.3B | ||
| Q3 25 | $12.5B | $19.4B | ||
| Q2 25 | $11.5B | $18.9B | ||
| Q1 25 | $10.3B | $18.0B | ||
| Q4 24 | $9.8B | $17.5B | ||
| Q3 24 | $9.5B | $18.7B | ||
| Q2 24 | $9.0B | $17.7B |
总资产APHPCAR
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $44.3B | ||
| Q3 25 | $27.1B | $44.2B | ||
| Q2 25 | $25.7B | $44.1B | ||
| Q1 25 | $22.9B | $42.7B | ||
| Q4 24 | $21.4B | $43.4B | ||
| Q3 24 | $19.6B | $43.3B | ||
| Q2 24 | $18.6B | $41.2B |
负债/权益比APHPCAR
| 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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $954.4M |
| 自由现金流率自由现金流/营收 | — | 14.0% |
| 资本支出强度资本支出/营收 | 3.8% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流APHPCAR
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $833.4M | ||
| Q1 25 | $764.9M | $910.3M | ||
| Q4 24 | $847.1M | $1.4B | ||
| Q3 24 | $704.0M | $1.3B | ||
| Q2 24 | $664.1M | $440.0M |
自由现金流APHPCAR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $954.4M | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $611.3M | ||
| Q1 25 | $576.3M | $745.2M | ||
| Q4 24 | $647.3M | $1.2B | ||
| Q3 24 | $474.0M | $1.1B | ||
| Q2 24 | $522.8M | $219.7M |
自由现金流率APHPCAR
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 14.0% | ||
| Q3 25 | 19.6% | 20.4% | ||
| Q2 25 | 19.8% | 8.1% | ||
| Q1 25 | 12.0% | 10.0% | ||
| Q4 24 | 15.0% | 15.3% | ||
| Q3 24 | 11.7% | 13.3% | ||
| Q2 24 | 14.5% | 2.5% |
资本支出强度APHPCAR
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 2.8% | ||
| Q3 25 | 4.2% | 2.5% | ||
| Q2 25 | 5.3% | 3.0% | ||
| Q1 25 | 3.9% | 2.2% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 3.9% | 2.5% |
现金转化率APHPCAR
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 2.05× | ||
| Q3 25 | 1.18× | 2.59× | ||
| Q2 25 | 1.30× | 1.15× | ||
| Q1 25 | 1.04× | 1.80× | ||
| Q4 24 | 1.14× | 1.66× | ||
| Q3 24 | 1.16× | 1.32× | ||
| Q2 24 | 1.27× | 0.39× |
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% |
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
