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安费诺（APH）与美国联合航空（UAL）财务数据对比。点击上方公司名可切换其他公司
美国联合航空的季度营收约是安费诺的1.9倍（$14.6B vs $7.6B），安费诺净利率更高（12.4% vs 4.8%，领先7.6%），安费诺同比增速更快（58.4% vs 10.6%），过去两年安费诺的营收复合增速更高（45.3% vs -1.3%）
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。
美国联合航空是美国主要航企，总部位于伊利诺伊州芝加哥，运营覆盖美国本土及六大洲的广阔国内外航线网络，区域航线由独立航司以美联航快运品牌运营，作为星空联盟五大创始航司之一，其航线网络可辐射全球各地。
APH vs UAL — 直观对比
营收规模更大
UAL
是对方的1.9倍
$7.6B
营收增速更快
APH
高出47.8%
10.6%
净利率更高
APH
高出7.6%
4.8%
两年增速更快
APH
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $14.6B |
| 净利润 | $943.3M | $699.0M |
| 毛利率 | 36.7% | — |
| 营业利润率 | 24.0% | 6.8% |
| 净利率 | 12.4% | 4.8% |
| 营收同比 | 58.4% | 10.6% |
| 净利润同比 | 26.8% | 769.4% |
| 每股收益（稀释后） | $0.72 | $2.14 |
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APHUAL
| Q1 26 | $7.6B | $14.6B | ||
| Q4 25 | $6.4B | $15.4B | ||
| Q3 25 | $6.2B | $15.2B | ||
| Q2 25 | $5.7B | $15.2B | ||
| Q1 25 | $4.8B | $13.2B | ||
| Q4 24 | $4.3B | $14.7B | ||
| Q3 24 | $4.0B | $14.8B | ||
| Q2 24 | $3.6B | $15.0B |
净利润APHUAL
| Q1 26 | $943.3M | $699.0M | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $949.0M | ||
| Q2 25 | $1.1B | $973.0M | ||
| Q1 25 | $737.8M | $387.0M | ||
| Q4 24 | $746.1M | $985.0M | ||
| Q3 24 | $604.4M | $965.0M | ||
| Q2 24 | $524.8M | $1.3B |
毛利率APHUAL
| Q1 26 | 36.7% | — | ||
| 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APHUAL
| Q1 26 | 24.0% | 6.8% | ||
| Q4 25 | 26.8% | 9.0% | ||
| Q3 25 | 27.5% | 9.2% | ||
| Q2 25 | 25.1% | 8.7% | ||
| Q1 25 | 21.3% | 4.6% | ||
| Q4 24 | 22.1% | 10.2% | ||
| Q3 24 | 20.3% | 10.5% | ||
| Q2 24 | 19.4% | 12.9% |
净利率APHUAL
| Q1 26 | 12.4% | 4.8% | ||
| Q4 25 | 18.6% | 6.8% | ||
| Q3 25 | 20.1% | 6.2% | ||
| Q2 25 | 19.3% | 6.4% | ||
| Q1 25 | 15.3% | 2.9% | ||
| Q4 24 | 17.3% | 6.7% | ||
| Q3 24 | 15.0% | 6.5% | ||
| Q2 24 | 14.5% | 8.8% |
每股收益（稀释后）APHUAL
| Q1 26 | $0.72 | $2.14 | ||
| Q4 25 | $0.93 | $3.17 | ||
| Q3 25 | $0.97 | $2.90 | ||
| Q2 25 | $0.86 | $2.97 | ||
| Q1 25 | $0.58 | $1.16 | ||
| Q4 24 | $0.16 | $2.97 | ||
| Q3 24 | $0.48 | $2.90 | ||
| Q2 24 | $0.41 | $3.96 |
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 | $14.2B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $14.1B | $15.9B |
| 总资产 | $42.1B | $80.9B |
| 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APHUAL
| Q1 26 | $4.6B | $14.2B | ||
| Q4 25 | $11.4B | $12.2B | ||
| Q3 25 | $3.9B | $13.3B | ||
| Q2 25 | $3.2B | $15.6B | ||
| Q1 25 | $1.7B | $15.3B | ||
| Q4 24 | $3.3B | $14.5B | ||
| Q3 24 | $1.6B | $14.2B | ||
| Q2 24 | $1.3B | $15.2B |
总债务APHUAL
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $20.6B | ||
| Q3 25 | $7.1B | $20.8B | ||
| Q2 25 | $7.1B | $20.9B | ||
| Q1 25 | $6.8B | $24.4B | ||
| Q4 24 | $6.5B | $25.2B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — |
股东权益APHUAL
| Q1 26 | $14.1B | $15.9B | ||
| Q4 25 | $13.4B | $15.3B | ||
| Q3 25 | $12.5B | $14.3B | ||
| Q2 25 | $11.5B | $13.4B | ||
| Q1 25 | $10.3B | $12.6B | ||
| Q4 24 | $9.8B | $12.7B | ||
| Q3 24 | $9.5B | $11.4B | ||
| Q2 24 | $9.0B | $10.5B |
总资产APHUAL
| Q1 26 | $42.1B | $80.9B | ||
| Q4 25 | $36.2B | $76.4B | ||
| Q3 25 | $27.1B | $76.3B | ||
| Q2 25 | $25.7B | $77.2B | ||
| Q1 25 | $22.9B | $76.1B | ||
| Q4 24 | $21.4B | $74.1B | ||
| Q3 24 | $19.6B | $72.6B | ||
| Q2 24 | $18.6B | $73.3B |
负债/权益比APHUAL
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.09× | 1.35× | ||
| Q3 25 | 0.57× | 1.45× | ||
| Q2 25 | 0.62× | 1.56× | ||
| Q1 25 | 0.66× | 1.93× | ||
| Q4 24 | 0.66× | 1.99× | ||
| 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 | $4.8B |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 13.9% |
| 资本支出强度资本支出/营收 | 3.8% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.19× | 6.87× |
| 过去12个月自由现金流最近4个季度 | — | $2.1B |
8季度趋势，按日历期对齐
经营现金流APHUAL
| Q1 26 | $1.1B | $4.8B | ||
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $764.9M | $3.7B | ||
| Q4 24 | $847.1M | $2.2B | ||
| Q3 24 | $704.0M | $1.5B | ||
| Q2 24 | $664.1M | $2.9B |
自由现金流APHUAL
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.5B | $-604.0M | ||
| Q3 25 | $1.2B | $-246.0M | ||
| Q2 25 | $1.1B | $930.0M | ||
| Q1 25 | $576.3M | $2.5B | ||
| Q4 24 | $647.3M | $549.0M | ||
| Q3 24 | $474.0M | $88.0M | ||
| Q2 24 | $522.8M | $1.7B |
自由现金流率APHUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | 22.8% | -3.9% | ||
| Q3 25 | 19.6% | -1.6% | ||
| Q2 25 | 19.8% | 6.1% | ||
| Q1 25 | 12.0% | 18.7% | ||
| Q4 24 | 15.0% | 3.7% | ||
| Q3 24 | 11.7% | 0.6% | ||
| Q2 24 | 14.5% | 11.4% |
资本支出强度APHUAL
| Q1 26 | 3.8% | 13.9% | ||
| Q4 25 | 3.9% | 12.3% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | 5.3% | 8.4% | ||
| Q1 25 | 3.9% | 9.3% | ||
| Q4 24 | 4.6% | 11.4% | ||
| Q3 24 | 5.7% | 9.5% | ||
| Q2 24 | 3.9% | 7.8% |
现金转化率APHUAL
| Q1 26 | 1.19× | 6.87× | ||
| Q4 25 | 1.44× | 1.23× | ||
| Q3 25 | 1.18× | 1.28× | ||
| Q2 25 | 1.30× | 2.28× | ||
| Q1 25 | 1.04× | 9.59× | ||
| Q4 24 | 1.14× | 2.26× | ||
| Q3 24 | 1.16× | 1.55× | ||
| Q2 24 | 1.27× | 2.17× |
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% |
UAL
| Passenger revenue | $13.2B | 90% |
| Other | $1.0B | 7% |
| Cargo revenue | $422.0M | 3% |
