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安费诺（APH）与菲利普莫里斯国际（PM）财务数据对比。点击上方公司名可切换其他公司
菲利普莫里斯国际的季度营收约是安费诺的1.3倍（$10.1B vs $7.6B），菲利普莫里斯国际净利率更高（24.0% vs 12.4%，领先11.7%），安费诺同比增速更快（58.4% vs 9.1%），过去两年安费诺的营收复合增速更高（45.3% vs 3.5%）
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。
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
APH vs PM — 直观对比
营收规模更大
PM
是对方的1.3倍
$7.6B
营收增速更快
APH
高出49.3%
9.1%
净利率更高
PM
高出11.7%
12.4%
两年增速更快
APH
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $10.1B |
| 净利润 | $943.3M | $2.4B |
| 毛利率 | 36.7% | 68.1% |
| 营业利润率 | 24.0% | 38.4% |
| 净利率 | 12.4% | 24.0% |
| 营收同比 | 58.4% | 9.1% |
| 净利润同比 | 26.8% | -9.0% |
| 每股收益（稀释后） | $0.72 | $1.56 |
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APHPM
| Q1 26 | $7.6B | $10.1B | ||
| Q4 25 | $6.4B | $10.4B | ||
| Q3 25 | $6.2B | $10.8B | ||
| Q2 25 | $5.7B | $10.1B | ||
| Q1 25 | $4.8B | $9.3B | ||
| Q4 24 | $4.3B | $9.7B | ||
| Q3 24 | $4.0B | $9.9B | ||
| Q2 24 | $3.6B | $9.5B |
净利润APHPM
| Q1 26 | $943.3M | $2.4B | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $3.5B | ||
| Q2 25 | $1.1B | $3.0B | ||
| Q1 25 | $737.8M | $2.7B | ||
| Q4 24 | $746.1M | $-579.0M | ||
| Q3 24 | $604.4M | $3.1B | ||
| Q2 24 | $524.8M | $2.4B |
毛利率APHPM
| Q1 26 | 36.7% | 68.1% | ||
| Q4 25 | 38.2% | 65.6% | ||
| Q3 25 | 38.1% | 67.8% | ||
| Q2 25 | 36.3% | 67.7% | ||
| Q1 25 | 34.2% | 67.3% | ||
| Q4 24 | 34.3% | 64.7% | ||
| Q3 24 | 33.6% | 66.0% | ||
| Q2 24 | 33.6% | 64.7% |
营业利润率APHPM
| Q1 26 | 24.0% | 38.4% | ||
| Q4 25 | 26.8% | 32.6% | ||
| Q3 25 | 27.5% | 39.3% | ||
| Q2 25 | 25.1% | 36.6% | ||
| Q1 25 | 21.3% | 38.1% | ||
| Q4 24 | 22.1% | 33.6% | ||
| Q3 24 | 20.3% | 36.9% | ||
| Q2 24 | 19.4% | 36.4% |
净利率APHPM
| Q1 26 | 12.4% | 24.0% | ||
| Q4 25 | 18.6% | 20.7% | ||
| Q3 25 | 20.1% | 32.1% | ||
| Q2 25 | 19.3% | 30.0% | ||
| Q1 25 | 15.3% | 28.9% | ||
| Q4 24 | 17.3% | -6.0% | ||
| Q3 24 | 15.0% | 31.1% | ||
| Q2 24 | 14.5% | 25.4% |
每股收益（稀释后）APHPM
| Q1 26 | $0.72 | $1.56 | ||
| Q4 25 | $0.93 | $1.36 | ||
| Q3 25 | $0.97 | $2.23 | ||
| Q2 25 | $0.86 | $1.95 | ||
| Q1 25 | $0.58 | $1.72 | ||
| Q4 24 | $0.16 | $-0.37 | ||
| Q3 24 | $0.48 | $1.97 | ||
| Q2 24 | $0.41 | $1.54 |
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 | $5.5B |
| 总债务越低越好 | $18.7B | $49.5B |
| 股东权益账面价值 | $14.1B | — |
| 总资产 | $42.1B | $68.9B |
| 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APHPM
| Q1 26 | $4.6B | $5.5B | ||
| Q4 25 | $11.4B | $4.9B | ||
| Q3 25 | $3.9B | $4.0B | ||
| Q2 25 | $3.2B | $4.1B | ||
| Q1 25 | $1.7B | $4.4B | ||
| Q4 24 | $3.3B | $4.2B | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.3B | $4.8B |
总债务APHPM
| Q1 26 | $18.7B | $49.5B | ||
| Q4 25 | $14.6B | $45.1B | ||
| Q3 25 | $7.1B | $41.9B | ||
| Q2 25 | $7.1B | $42.4B | ||
| Q1 25 | $6.8B | $38.8B | ||
| Q4 24 | $6.5B | $42.2B | ||
| Q3 24 | $5.1B | $44.2B | ||
| Q2 24 | $5.0B | $44.6B |
股东权益APHPM
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $-10.0B | ||
| Q3 25 | $12.5B | $-10.9B | ||
| Q2 25 | $11.5B | $-12.0B | ||
| Q1 25 | $10.3B | $-10.9B | ||
| Q4 24 | $9.8B | $-11.8B | ||
| Q3 24 | $9.5B | $-9.7B | ||
| Q2 24 | $9.0B | $-9.7B |
总资产APHPM
| Q1 26 | $42.1B | $68.9B | ||
| Q4 25 | $36.2B | $69.2B | ||
| Q3 25 | $27.1B | $67.1B | ||
| Q2 25 | $25.7B | $68.5B | ||
| Q1 25 | $22.9B | $65.1B | ||
| Q4 24 | $21.4B | $61.8B | ||
| Q3 24 | $19.6B | $66.9B | ||
| Q2 24 | $18.6B | $65.8B |
负债/权益比APHPM
| 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APHPM
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $4.7B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.4B | $3.4B | ||
| Q1 25 | $764.9M | $-350.0M | ||
| Q4 24 | $847.1M | $4.0B | ||
| Q3 24 | $704.0M | $3.3B | ||
| Q2 24 | $664.1M | $4.6B |
自由现金流APHPM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $576.3M | $-754.0M | ||
| Q4 24 | $647.3M | $3.7B | ||
| Q3 24 | $474.0M | $3.0B | ||
| Q2 24 | $522.8M | $4.3B |
自由现金流率APHPM
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 41.2% | ||
| Q3 25 | 19.6% | 37.8% | ||
| Q2 25 | 19.8% | 30.1% | ||
| Q1 25 | 12.0% | -8.1% | ||
| Q4 24 | 15.0% | 38.4% | ||
| Q3 24 | 11.7% | 29.9% | ||
| Q2 24 | 14.5% | 45.0% |
资本支出强度APHPM
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 4.3% | ||
| Q3 25 | 4.2% | 3.4% | ||
| Q2 25 | 5.3% | 3.5% | ||
| Q1 25 | 3.9% | 4.3% | ||
| Q4 24 | 4.6% | 2.9% | ||
| Q3 24 | 5.7% | 3.8% | ||
| Q2 24 | 3.9% | 3.9% |
现金转化率APHPM
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 2.20× | ||
| Q3 25 | 1.18× | 1.28× | ||
| Q2 25 | 1.30× | 1.12× | ||
| Q1 25 | 1.04× | -0.13× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | 1.08× | ||
| Q2 24 | 1.27× | 1.93× |
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% |
PM
暂无分部数据
