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安费诺（APH）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是安费诺的1.1倍（$7.4B vs $6.4B），美国合众银行净利率更高（27.8% vs 18.6%，领先9.2%），安费诺同比增速更快（49.1% vs 5.1%），过去两年安费诺的营收复合增速更高（40.6% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
APH vs USB — 直观对比
营收规模更大
USB
是对方的1.1倍
$6.4B
营收增速更快
APH
高出44.0%
5.1%
净利率更高
USB
高出9.2%
18.6%
两年增速更快
APH
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $7.4B |
| 净利润 | $1.2B | $2.0B |
| 毛利率 | 38.2% | — |
| 营业利润率 | 26.8% | 34.4% |
| 净利率 | 18.6% | 27.8% |
| 营收同比 | 49.1% | 5.1% |
| 净利润同比 | 60.2% | 23.0% |
| 每股收益（稀释后） | $0.93 | $1.26 |
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APHUSB
| Q4 25 | $6.4B | $7.4B | ||
| Q3 25 | $6.2B | $7.3B | ||
| Q2 25 | $5.7B | $7.0B | ||
| Q1 25 | $4.8B | $7.0B | ||
| Q4 24 | $4.3B | $7.0B | ||
| Q3 24 | $4.0B | $6.9B | ||
| Q2 24 | $3.6B | $6.9B | ||
| Q1 24 | $3.3B | $6.7B |
净利润APHUSB
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $737.8M | $1.7B | ||
| Q4 24 | $746.1M | $1.7B | ||
| Q3 24 | $604.4M | $1.7B | ||
| Q2 24 | $524.8M | $1.6B | ||
| Q1 24 | $548.7M | $1.3B |
毛利率APHUSB
| 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% | — | ||
| Q1 24 | 33.4% | — |
营业利润率APHUSB
| Q4 25 | 26.8% | 34.4% | ||
| Q3 25 | 27.5% | 34.5% | ||
| Q2 25 | 25.1% | 32.7% | ||
| Q1 25 | 21.3% | 31.0% | ||
| Q4 24 | 22.1% | 30.1% | ||
| Q3 24 | 20.3% | 30.2% | ||
| Q2 24 | 19.4% | 29.9% | ||
| Q1 24 | 21.0% | 24.9% |
净利率APHUSB
| Q4 25 | 18.6% | 27.8% | ||
| Q3 25 | 20.1% | 27.3% | ||
| Q2 25 | 19.3% | 25.9% | ||
| Q1 25 | 15.3% | 24.6% | ||
| Q4 24 | 17.3% | 23.7% | ||
| Q3 24 | 15.0% | 25.0% | ||
| Q2 24 | 14.5% | 23.3% | ||
| Q1 24 | 16.9% | 19.6% |
每股收益（稀释后）APHUSB
| Q4 25 | $0.93 | $1.26 | ||
| Q3 25 | $0.97 | $1.22 | ||
| Q2 25 | $0.86 | $1.11 | ||
| Q1 25 | $0.58 | $1.03 | ||
| Q4 24 | $0.16 | $1.01 | ||
| Q3 24 | $0.48 | $1.03 | ||
| Q2 24 | $0.41 | $0.97 | ||
| Q1 24 | $0.87 | $0.78 |
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 | — |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $13.4B | $65.2B |
| 总资产 | $36.2B | $692.3B |
| 负债/权益比越低杠杆越低 | 1.09× | — |
8季度趋势，按日历期对齐
现金及短期投资APHUSB
| Q4 25 | $11.4B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $2.0B | — |
总债务APHUSB
| 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 | — | ||
| Q1 24 | $3.6B | — |
股东权益APHUSB
| Q4 25 | $13.4B | $65.2B | ||
| Q3 25 | $12.5B | $63.3B | ||
| Q2 25 | $11.5B | $61.4B | ||
| Q1 25 | $10.3B | $60.1B | ||
| Q4 24 | $9.8B | $58.6B | ||
| Q3 24 | $9.5B | $58.9B | ||
| Q2 24 | $9.0B | $56.4B | ||
| Q1 24 | $8.7B | $55.6B |
总资产APHUSB
| Q4 25 | $36.2B | $692.3B | ||
| Q3 25 | $27.1B | $695.4B | ||
| Q2 25 | $25.7B | $686.4B | ||
| Q1 25 | $22.9B | $676.5B | ||
| Q4 24 | $21.4B | $678.3B | ||
| Q3 24 | $19.6B | $686.5B | ||
| Q2 24 | $18.6B | $680.1B | ||
| Q1 24 | $16.7B | $683.6B |
负债/权益比APHUSB
| 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× | — | ||
| Q1 24 | 0.41× | — |
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 | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | — |
| 自由现金流率自由现金流/营收 | 22.8% | — |
| 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× | 1.39× |
| 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APHUSB
| Q4 25 | $1.7B | $2.8B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $764.9M | $-285.0M | ||
| Q4 24 | $847.1M | $4.8B | ||
| Q3 24 | $704.0M | $972.0M | ||
| Q2 24 | $664.1M | $2.9B | ||
| Q1 24 | $599.5M | $2.7B |
自由现金流APHUSB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | — | ||
| Q1 24 | $505.2M | — |
自由现金流率APHUSB
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 15.5% | — |
资本支出强度APHUSB
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 2.9% | — |
现金转化率APHUSB
| Q4 25 | 1.44× | 1.39× | ||
| Q3 25 | 1.18× | 1.69× | ||
| Q2 25 | 1.30× | 1.12× | ||
| Q1 25 | 1.04× | -0.17× | ||
| Q4 24 | 1.14× | 2.87× | ||
| Q3 24 | 1.16× | 0.57× | ||
| Q2 24 | 1.27× | 1.79× | ||
| Q1 24 | 1.09× | 2.02× |
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% |
USB
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