vs
安费诺（APH）与拼多多（PDD）财务数据对比。点击上方公司名可切换其他公司
拼多多的季度营收约是安费诺的2.0倍（$15.2B vs $7.6B），拼多多净利率更高（27.1% vs 12.4%，领先14.7%），过去两年拼多多的营收复合增速更高（74.6% vs 45.3%）
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。
PDD控股是总部位于爱尔兰的跨国企业，旗下拥有中国头部线上零售平台拼多多和跨境电商平台Temu。拼多多主打农业供应链数字化升级，助力农产品直接对接广大消费者需求。
APH vs PDD — 直观对比
营收规模更大
PDD
是对方的2.0倍
$7.6B
净利率更高
PDD
高出14.7%
12.4%
两年增速更快
PDD
近两年复合增速
45.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $15.2B |
| 净利润 | $943.3M | $4.1B |
| 毛利率 | 36.7% | 56.7% |
| 营业利润率 | 24.0% | 23.1% |
| 净利率 | 12.4% | 27.1% |
| 营收同比 | 58.4% | — |
| 净利润同比 | 26.8% | — |
| 每股收益（稀释后） | $0.72 | — |
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APHPDD
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.2B | $15.2B | ||
| Q2 25 | $5.7B | $14.5B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | $14.2B | ||
| Q2 24 | $3.6B | — |
净利润APHPDD
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | $1.1B | $4.3B | ||
| Q1 25 | $737.8M | — | ||
| Q4 24 | $746.1M | — | ||
| Q3 24 | $604.4M | $3.6B | ||
| Q2 24 | $524.8M | — |
毛利率APHPDD
| Q1 26 | 36.7% | — | ||
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | 56.7% | ||
| Q2 25 | 36.3% | 55.9% | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | 60.0% | ||
| Q2 24 | 33.6% | — |
营业利润率APHPDD
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.5% | 23.1% | ||
| Q2 25 | 25.1% | 24.8% | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | 24.5% | ||
| Q2 24 | 19.4% | — |
净利率APHPDD
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | — | ||
| Q3 25 | 20.1% | 27.1% | ||
| Q2 25 | 19.3% | 29.6% | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.0% | 25.1% | ||
| Q2 24 | 14.5% | — |
每股收益（稀释后）APHPDD
| Q1 26 | $0.72 | — | ||
| 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 | — |
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 | $13.0B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $14.1B | $55.0B |
| 总资产 | $42.1B | $86.2B |
| 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APHPDD
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | — | ||
| Q3 25 | $3.9B | $13.0B | ||
| Q2 25 | $3.2B | $8.8B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | $9.3B | ||
| Q2 24 | $1.3B | — |
总债务APHPDD
| 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APHPDD
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | — | ||
| Q3 25 | $12.5B | $55.0B | ||
| Q2 25 | $11.5B | $50.5B | ||
| Q1 25 | $10.3B | — | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.5B | $39.7B | ||
| Q2 24 | $9.0B | — |
总资产APHPDD
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | — | ||
| Q3 25 | $27.1B | $86.2B | ||
| Q2 25 | $25.7B | $79.2B | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $21.4B | — | ||
| Q3 24 | $19.6B | $66.5B | ||
| Q2 24 | $18.6B | — |
负债/权益比APHPDD
| 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 | $6.4B |
| 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× | 1.56× |
| 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APHPDD
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.5B | $6.4B | ||
| Q2 25 | $1.4B | $3.0B | ||
| Q1 25 | $764.9M | — | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | $3.9B | ||
| Q2 24 | $664.1M | — |
自由现金流APHPDD
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率APHPDD
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度APHPDD
| Q1 26 | 3.8% | — | ||
| 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% | — |
现金转化率APHPDD
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.18× | 1.56× | ||
| Q2 25 | 1.30× | 0.70× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | 1.10× | ||
| Q2 24 | 1.27× | — |
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% |
PDD
暂无分部数据
