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安费诺（APH）与Steel Dynamics（STLD）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Steel Dynamics的1.5倍（$7.6B vs $5.2B），安费诺净利率更高（12.4% vs 7.7%，领先4.7%），安费诺同比增速更快（58.4% vs 17.9%），过去两年安费诺的营收复合增速更高（45.3% vs 6.0%）
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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
APH vs STLD — 直观对比
营收规模更大
APH
是对方的1.5倍
$5.2B
营收增速更快
APH
高出40.5%
17.9%
净利率更高
APH
高出4.7%
7.7%
两年增速更快
APH
近两年复合增速
6.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $5.2B |
| 净利润 | $943.3M | $400.1M |
| 毛利率 | 36.7% | 14.7% |
| 营业利润率 | 24.0% | 10.3% |
| 净利率 | 12.4% | 7.7% |
| 营收同比 | 58.4% | 17.9% |
| 净利润同比 | 26.8% | 51.3% |
| 每股收益（稀释后） | $0.72 | $2.78 |
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APHSTLD
| Q1 26 | $7.6B | $5.2B | ||
| Q4 25 | $6.4B | $4.4B | ||
| Q3 25 | $6.2B | $4.8B | ||
| Q2 25 | $5.7B | $4.6B | ||
| Q1 25 | $4.8B | $4.4B | ||
| Q4 24 | $4.3B | $3.9B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $3.6B | $4.6B |
净利润APHSTLD
| Q1 26 | $943.3M | $400.1M | ||
| Q4 25 | $1.2B | $266.0M | ||
| Q3 25 | $1.2B | $403.7M | ||
| Q2 25 | $1.1B | $298.7M | ||
| Q1 25 | $737.8M | $217.2M | ||
| Q4 24 | $746.1M | $207.3M | ||
| Q3 24 | $604.4M | $317.8M | ||
| Q2 24 | $524.8M | $428.0M |
毛利率APHSTLD
| Q1 26 | 36.7% | 14.7% | ||
| Q4 25 | 38.2% | 12.0% | ||
| Q3 25 | 38.1% | 15.7% | ||
| Q2 25 | 36.3% | 13.5% | ||
| Q1 25 | 34.2% | 11.1% | ||
| Q4 24 | 34.3% | 11.4% | ||
| Q3 24 | 33.6% | 13.9% | ||
| Q2 24 | 33.6% | 16.7% |
营业利润率APHSTLD
| Q1 26 | 24.0% | 10.3% | ||
| Q4 25 | 26.8% | 7.0% | ||
| Q3 25 | 27.5% | 10.5% | ||
| Q2 25 | 25.1% | 8.4% | ||
| Q1 25 | 21.3% | 6.3% | ||
| Q4 24 | 22.1% | 6.1% | ||
| Q3 24 | 20.3% | 9.1% | ||
| Q2 24 | 19.4% | 12.1% |
净利率APHSTLD
| Q1 26 | 12.4% | 7.7% | ||
| Q4 25 | 18.6% | 6.0% | ||
| Q3 25 | 20.1% | 8.4% | ||
| Q2 25 | 19.3% | 6.5% | ||
| Q1 25 | 15.3% | 5.0% | ||
| Q4 24 | 17.3% | 5.4% | ||
| Q3 24 | 15.0% | 7.3% | ||
| Q2 24 | 14.5% | 9.2% |
每股收益（稀释后）APHSTLD
| Q1 26 | $0.72 | $2.78 | ||
| Q4 25 | $0.93 | $1.80 | ||
| Q3 25 | $0.97 | $2.74 | ||
| Q2 25 | $0.86 | $2.01 | ||
| Q1 25 | $0.58 | $1.44 | ||
| Q4 24 | $0.16 | $1.40 | ||
| Q3 24 | $0.48 | $2.05 | ||
| Q2 24 | $0.41 | $2.72 |
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 | $556.5M |
| 总债务越低越好 | $18.7B | $4.2B |
| 股东权益账面价值 | $14.1B | $9.0B |
| 总资产 | $42.1B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.33× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资APHSTLD
| Q1 26 | $4.6B | $556.5M | ||
| Q4 25 | $11.4B | $769.9M | ||
| Q3 25 | $3.9B | $770.4M | ||
| Q2 25 | $3.2B | $497.6M | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $3.3B | $737.3M | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.3B | $1.2B |
总债务APHSTLD
| Q1 26 | $18.7B | $4.2B | ||
| Q4 25 | $14.6B | $4.2B | ||
| Q3 25 | $7.1B | $3.8B | ||
| Q2 25 | $7.1B | $3.8B | ||
| Q1 25 | $6.8B | $4.2B | ||
| Q4 24 | $6.5B | $3.2B | ||
| Q3 24 | $5.1B | $3.7B | ||
| Q2 24 | $5.0B | $3.1B |
股东权益APHSTLD
| Q1 26 | $14.1B | $9.0B | ||
| Q4 25 | $13.4B | $9.0B | ||
| Q3 25 | $12.5B | $9.0B | ||
| Q2 25 | $11.5B | $8.9B | ||
| Q1 25 | $10.3B | $8.8B | ||
| Q4 24 | $9.8B | $8.9B | ||
| Q3 24 | $9.5B | $9.1B | ||
| Q2 24 | $9.0B | $9.1B |
总资产APHSTLD
| Q1 26 | $42.1B | $16.7B | ||
| Q4 25 | $36.2B | $16.4B | ||
| Q3 25 | $27.1B | $16.0B | ||
| Q2 25 | $25.7B | $15.5B | ||
| Q1 25 | $22.9B | $15.9B | ||
| Q4 24 | $21.4B | $14.9B | ||
| Q3 24 | $19.6B | $15.7B | ||
| Q2 24 | $18.6B | $15.1B |
负债/权益比APHSTLD
| Q1 26 | 1.33× | 0.47× | ||
| Q4 25 | 1.09× | 0.47× | ||
| Q3 25 | 0.57× | 0.42× | ||
| Q2 25 | 0.62× | 0.43× | ||
| Q1 25 | 0.66× | 0.48× | ||
| Q4 24 | 0.66× | 0.36× | ||
| Q3 24 | 0.54× | 0.41× | ||
| Q2 24 | 0.56× | 0.34× |
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 | $148.3M |
| 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× | 0.37× |
| 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APHSTLD
| Q1 26 | $1.1B | $148.3M | ||
| Q4 25 | $1.7B | $272.7M | ||
| Q3 25 | $1.5B | $722.6M | ||
| Q2 25 | $1.4B | $301.6M | ||
| Q1 25 | $764.9M | $152.6M | ||
| Q4 24 | $847.1M | $346.9M | ||
| Q3 24 | $704.0M | $759.9M | ||
| Q2 24 | $664.1M | $382.6M |
自由现金流APHSTLD
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $84.2M | ||
| Q3 25 | $1.2B | $556.9M | ||
| Q2 25 | $1.1B | $13.3M | ||
| Q1 25 | $576.3M | $-152.9M | ||
| Q4 24 | $647.3M | $-106.3M | ||
| Q3 24 | $474.0M | $138.5M | ||
| Q2 24 | $522.8M | $-36.6M |
自由现金流率APHSTLD
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 1.9% | ||
| Q3 25 | 19.6% | 11.5% | ||
| Q2 25 | 19.8% | 0.3% | ||
| Q1 25 | 12.0% | -3.5% | ||
| Q4 24 | 15.0% | -2.7% | ||
| Q3 24 | 11.7% | 3.2% | ||
| Q2 24 | 14.5% | -0.8% |
资本支出强度APHSTLD
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 4.3% | ||
| Q3 25 | 4.2% | 3.4% | ||
| Q2 25 | 5.3% | 6.3% | ||
| Q1 25 | 3.9% | 7.0% | ||
| Q4 24 | 4.6% | 11.7% | ||
| Q3 24 | 5.7% | 14.3% | ||
| Q2 24 | 3.9% | 9.0% |
现金转化率APHSTLD
| Q1 26 | 1.19× | 0.37× | ||
| Q4 25 | 1.44× | 1.03× | ||
| Q3 25 | 1.18× | 1.79× | ||
| Q2 25 | 1.30× | 1.01× | ||
| Q1 25 | 1.04× | 0.70× | ||
| Q4 24 | 1.14× | 1.67× | ||
| Q3 24 | 1.16× | 2.39× | ||
| Q2 24 | 1.27× | 0.89× |
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% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
