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安费诺（APH）与United Rentals（URI）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United Rentals的1.6倍（$6.4B vs $4.0B），安费诺净利率更高（18.6% vs 13.3%，领先5.2%），安费诺同比增速更快（49.1% vs 7.2%），安费诺自由现金流更多（$1.5B vs $1.1B），过去两年United Rentals的营收复合增速更高（114.0% vs 40.6%）
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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
APH vs URI — 直观对比
营收规模更大
APH
是对方的1.6倍
$4.0B
营收增速更快
APH
高出42.0%
7.2%
净利率更高
APH
高出5.2%
13.3%
自由现金流更多
APH
多$414.5M
$1.1B
两年增速更快
URI
近两年复合增速
40.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $4.0B |
| 净利润 | $1.2B | $531.0M |
| 毛利率 | 38.2% | 36.9% |
| 营业利润率 | 26.8% | 21.8% |
| 净利率 | 18.6% | 13.3% |
| 营收同比 | 49.1% | 7.2% |
| 净利润同比 | 60.2% | 2.5% |
| 每股收益（稀释后） | $0.93 | $8.43 |
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APHURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $6.4B | $992.0M | ||
| Q3 25 | $6.2B | $938.0M | ||
| Q2 25 | $5.7B | $872.0M | ||
| Q1 25 | $4.8B | $893.0M | ||
| Q4 24 | $4.3B | $1.0B | ||
| Q3 24 | $4.0B | $874.0M | ||
| Q2 24 | $3.6B | $870.0M |
净利润APHURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $1.2B | $653.0M | ||
| Q3 25 | $1.2B | $701.0M | ||
| Q2 25 | $1.1B | $622.0M | ||
| Q1 25 | $737.8M | $518.0M | ||
| Q4 24 | $746.1M | $689.0M | ||
| Q3 24 | $604.4M | $708.0M | ||
| Q2 24 | $524.8M | $636.0M |
毛利率APHURI
| Q1 26 | — | 36.9% | ||
| 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APHURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 25.1% | — | ||
| Q1 25 | 21.3% | 90.0% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 19.4% | — |
净利率APHURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 18.6% | 65.8% | ||
| Q3 25 | 20.1% | 74.7% | ||
| Q2 25 | 19.3% | 71.3% | ||
| Q1 25 | 15.3% | 58.0% | ||
| Q4 24 | 17.3% | 67.6% | ||
| Q3 24 | 15.0% | 81.0% | ||
| Q2 24 | 14.5% | 73.1% |
每股收益（稀释后）APHURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $0.93 | $10.20 | ||
| Q3 25 | $0.97 | $10.91 | ||
| Q2 25 | $0.86 | $9.59 | ||
| Q1 25 | $0.58 | $7.91 | ||
| Q4 24 | $0.16 | $10.41 | ||
| Q3 24 | $0.48 | $10.70 | ||
| Q2 24 | $0.41 | $9.54 |
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 | $11.4B | $156.0M |
| 总债务越低越好 | $14.6B | $13.9B |
| 股东权益账面价值 | $13.4B | $9.0B |
| 总资产 | $36.2B | $29.9B |
| 负债/权益比越低杠杆越低 | 1.09× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资APHURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $11.4B | $459.0M | ||
| Q3 25 | $3.9B | $512.0M | ||
| Q2 25 | $3.2B | $548.0M | ||
| Q1 25 | $1.7B | $542.0M | ||
| Q4 24 | $3.3B | $457.0M | ||
| Q3 24 | $1.6B | $479.0M | ||
| Q2 24 | $1.3B | $467.0M |
总债务APHURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $14.6B | $12.7B | ||
| Q3 25 | $7.1B | $12.6B | ||
| Q2 25 | $7.1B | $12.1B | ||
| Q1 25 | $6.8B | $11.5B | ||
| Q4 24 | $6.5B | $12.2B | ||
| Q3 24 | $5.1B | $11.9B | ||
| Q2 24 | $5.0B | $11.5B |
股东权益APHURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $13.4B | $9.0B | ||
| Q3 25 | $12.5B | $9.0B | ||
| Q2 25 | $11.5B | $9.0B | ||
| Q1 25 | $10.3B | $8.8B | ||
| Q4 24 | $9.8B | $8.6B | ||
| Q3 24 | $9.5B | $8.6B | ||
| Q2 24 | $9.0B | $8.3B |
总资产APHURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $36.2B | $29.9B | ||
| Q3 25 | $27.1B | $30.1B | ||
| Q2 25 | $25.7B | $29.2B | ||
| Q1 25 | $22.9B | $28.1B | ||
| Q4 24 | $21.4B | $28.2B | ||
| Q3 24 | $19.6B | $28.4B | ||
| Q2 24 | $18.6B | $27.6B |
负债/权益比APHURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.09× | 1.41× | ||
| Q3 25 | 0.57× | 1.40× | ||
| Q2 25 | 0.62× | 1.34× | ||
| Q1 25 | 0.66× | 1.31× | ||
| Q4 24 | 0.66× | 1.42× | ||
| Q3 24 | 0.54× | 1.38× | ||
| Q2 24 | 0.56× | 1.39× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $1.1B |
| 自由现金流率自由现金流/营收 | 22.8% | 26.4% |
| 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× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $4.4B | — |
8季度趋势，按日历期对齐
经营现金流APHURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $764.9M | $1.4B | ||
| Q4 24 | $847.1M | $1.0B | ||
| Q3 24 | $704.0M | $1.2B | ||
| Q2 24 | $664.1M | $1.3B |
自由现金流APHURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | $471.0M | ||
| Q3 24 | $474.0M | $-168.0M | ||
| Q2 24 | $522.8M | $-263.0M |
自由现金流率APHURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | 46.2% | ||
| Q3 24 | 11.7% | -19.2% | ||
| Q2 24 | 14.5% | -30.2% |
资本支出强度APHURI
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | 56.6% | ||
| Q3 24 | 5.7% | 157.0% | ||
| Q2 24 | 3.9% | 175.6% |
现金转化率APHURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 1.44× | 1.92× | ||
| Q3 25 | 1.18× | 1.68× | ||
| Q2 25 | 1.30× | 2.14× | ||
| Q1 25 | 1.04× | 2.75× | ||
| Q4 24 | 1.14× | 1.52× | ||
| Q3 24 | 1.16× | 1.70× | ||
| Q2 24 | 1.27× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
