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安费诺（APH）与斯伦贝谢（SLB）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是安费诺的1.4倍（$8.7B vs $6.4B），安费诺净利率更高（18.6% vs 8.6%，领先9.9%），安费诺同比增速更快（49.1% vs 2.7%），安费诺自由现金流更多（$1.5B vs $103.0M），过去两年安费诺的营收复合增速更高（40.6% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
APH vs SLB — 直观对比
营收规模更大
SLB
是对方的1.4倍
$6.4B
营收增速更快
APH
高出46.4%
2.7%
净利率更高
APH
高出9.9%
8.6%
自由现金流更多
APH
多$1.4B
$103.0M
两年增速更快
APH
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $8.7B |
| 净利润 | $1.2B | $752.0M |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | — |
| 净利率 | 18.6% | 8.6% |
| 营收同比 | 49.1% | 2.7% |
| 净利润同比 | 60.2% | -5.6% |
| 每股收益（稀释后） | $0.93 | $0.50 |
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APHSLB
| Q1 26 | — | $8.7B | ||
| Q4 25 | $6.4B | $9.7B | ||
| Q3 25 | $6.2B | $8.9B | ||
| Q2 25 | $5.7B | $8.5B | ||
| Q1 25 | $4.8B | $8.5B | ||
| Q4 24 | $4.3B | $9.3B | ||
| Q3 24 | $4.0B | $9.2B | ||
| Q2 24 | $3.6B | $9.1B |
净利润APHSLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $1.2B | $824.0M | ||
| Q3 25 | $1.2B | $739.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $737.8M | $797.0M | ||
| Q4 24 | $746.1M | $1.1B | ||
| Q3 24 | $604.4M | $1.2B | ||
| Q2 24 | $524.8M | $1.1B |
毛利率APHSLB
| Q1 26 | — | — | ||
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | — | ||
| Q2 24 | 33.6% | — |
营业利润率APHSLB
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | 9.7% | ||
| Q3 25 | 27.5% | 11.2% | ||
| Q2 25 | 25.1% | 15.0% | ||
| Q1 25 | 21.3% | 12.5% | ||
| Q4 24 | 22.1% | 14.9% | ||
| Q3 24 | 20.3% | 16.5% | ||
| Q2 24 | 19.4% | 15.5% |
净利率APHSLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 18.6% | 8.5% | ||
| Q3 25 | 20.1% | 8.3% | ||
| Q2 25 | 19.3% | 11.9% | ||
| Q1 25 | 15.3% | 9.4% | ||
| Q4 24 | 17.3% | 11.8% | ||
| Q3 24 | 15.0% | 12.9% | ||
| Q2 24 | 14.5% | 12.2% |
每股收益（稀释后）APHSLB
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.93 | $0.53 | ||
| Q3 25 | $0.97 | $0.50 | ||
| Q2 25 | $0.86 | $0.74 | ||
| Q1 25 | $0.58 | $0.58 | ||
| Q4 24 | $0.16 | $0.77 | ||
| Q3 24 | $0.48 | $0.83 | ||
| Q2 24 | $0.41 | $0.77 |
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 | $3.4B |
| 总债务越低越好 | $14.6B | $9.7B |
| 股东权益账面价值 | $13.4B | $27.4B |
| 总资产 | $36.2B | $19.3B |
| 负债/权益比越低杠杆越低 | 1.09× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资APHSLB
| Q1 26 | — | $3.4B | ||
| Q4 25 | $11.4B | $1.2B | ||
| Q3 25 | $3.9B | $571.0M | ||
| Q2 25 | $3.2B | $511.0M | ||
| Q1 25 | $1.7B | $961.0M | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.3B | $1.1B |
总债务APHSLB
| Q1 26 | — | $9.7B | ||
| 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APHSLB
| Q1 26 | — | $27.4B | ||
| Q4 25 | $13.4B | $26.1B | ||
| Q3 25 | $12.5B | $25.6B | ||
| Q2 25 | $11.5B | $20.3B | ||
| Q1 25 | $10.3B | $19.5B | ||
| Q4 24 | $9.8B | $21.1B | ||
| Q3 24 | $9.5B | $21.5B | ||
| Q2 24 | $9.0B | $21.1B |
总资产APHSLB
| Q1 26 | — | $19.3B | ||
| Q4 25 | $36.2B | $54.9B | ||
| Q3 25 | $27.1B | $55.1B | ||
| Q2 25 | $25.7B | $48.8B | ||
| Q1 25 | $22.9B | $49.0B | ||
| Q4 24 | $21.4B | $48.9B | ||
| Q3 24 | $19.6B | $49.8B | ||
| Q2 24 | $18.6B | $49.4B |
负债/权益比APHSLB
| Q1 26 | — | 0.35× | ||
| 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 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $103.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 1.2% |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $4.4B | $4.6B |
8季度趋势，按日历期对齐
经营现金流APHSLB
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $764.9M | $660.0M | ||
| Q4 24 | $847.1M | $2.4B | ||
| Q3 24 | $704.0M | $2.4B | ||
| Q2 24 | $664.1M | $1.4B |
自由现金流APHSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $771.0M | ||
| Q1 25 | $576.3M | $262.0M | ||
| Q4 24 | $647.3M | $1.8B | ||
| Q3 24 | $474.0M | $2.0B | ||
| Q2 24 | $522.8M | $973.0M |
自由现金流率APHSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 22.8% | 25.5% | ||
| Q3 25 | 19.6% | 14.3% | ||
| Q2 25 | 19.8% | 9.0% | ||
| Q1 25 | 12.0% | 3.1% | ||
| Q4 24 | 15.0% | 19.2% | ||
| Q3 24 | 11.7% | 21.7% | ||
| Q2 24 | 14.5% | 10.6% |
资本支出强度APHSLB
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 5.3% | ||
| Q3 25 | 4.2% | 4.6% | ||
| Q2 25 | 5.3% | 4.3% | ||
| Q1 25 | 3.9% | 4.7% | ||
| Q4 24 | 4.6% | 6.6% | ||
| Q3 24 | 5.7% | 5.0% | ||
| Q2 24 | 3.9% | 5.1% |
现金转化率APHSLB
| Q1 26 | — | — | ||
| Q4 25 | 1.44× | 3.65× | ||
| Q3 25 | 1.18× | 2.28× | ||
| Q2 25 | 1.30× | 1.13× | ||
| Q1 25 | 1.04× | 0.83× | ||
| Q4 24 | 1.14× | 2.18× | ||
| Q3 24 | 1.16× | 2.06× | ||
| Q2 24 | 1.27× | 1.29× |
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% |
SLB
暂无分部数据
