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安费诺（APH）与标普全球（VG）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标普全球的1.7倍（$7.6B vs $4.4B），标普全球净利率更高（26.8% vs 12.4%，领先14.4%），标普全球同比增速更快（191.7% vs 58.4%），安费诺自由现金流更多（$831.2M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% vs 45.3%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
APH vs VG — 直观对比
营收规模更大
APH
是对方的1.7倍
$4.4B
营收增速更快
VG
高出133.3%
58.4%
净利率更高
VG
高出14.4%
12.4%
自由现金流更多
APH
多$2.3B
$-1.5B
两年增速更快
VG
近两年复合增速
45.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $4.4B |
| 净利润 | $943.3M | $1.2B |
| 毛利率 | 36.7% | — |
| 营业利润率 | 24.0% | 38.7% |
| 净利率 | 12.4% | 26.8% |
| 营收同比 | 58.4% | 191.7% |
| 净利润同比 | 26.8% | 20.3% |
| 每股收益（稀释后） | $0.72 | $0.41 |
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APHVG
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.4B | $4.4B | ||
| Q3 25 | $6.2B | $3.3B | ||
| Q2 25 | $5.7B | $3.1B | ||
| Q1 25 | $4.8B | $2.9B | ||
| Q4 24 | $4.3B | $1.5B | ||
| Q3 24 | $4.0B | $926.0M | ||
| Q2 24 | $3.6B | $1.1B |
净利润APHVG
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $550.0M | ||
| Q2 25 | $1.1B | $475.0M | ||
| Q1 25 | $737.8M | $517.0M | ||
| Q4 24 | $746.1M | $990.0M | ||
| Q3 24 | $604.4M | $-294.0M | ||
| Q2 24 | $524.8M | $352.0M |
毛利率APHVG
| 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APHVG
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 38.7% | ||
| Q3 25 | 27.5% | 39.7% | ||
| Q2 25 | 25.1% | 33.5% | ||
| Q1 25 | 21.3% | 37.3% | ||
| Q4 24 | 22.1% | 39.0% | ||
| Q3 24 | 20.3% | 20.4% | ||
| Q2 24 | 19.4% | 32.8% |
净利率APHVG
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 26.8% | ||
| Q3 25 | 20.1% | 16.5% | ||
| Q2 25 | 19.3% | 15.3% | ||
| Q1 25 | 15.3% | 17.9% | ||
| Q4 24 | 17.3% | 65.0% | ||
| Q3 24 | 15.0% | -31.7% | ||
| Q2 24 | 14.5% | 31.8% |
每股收益（稀释后）APHVG
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $0.41 | ||
| Q3 25 | $0.97 | $0.16 | ||
| Q2 25 | $0.86 | $0.14 | ||
| Q1 25 | $0.58 | $0.15 | ||
| Q4 24 | $0.16 | $0.35 | ||
| Q3 24 | $0.48 | $-0.15 | ||
| Q2 24 | $0.41 | $0.12 |
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 | $2.4B |
| 总债务越低越好 | $18.7B | $34.2B |
| 股东权益账面价值 | $14.1B | $6.7B |
| 总资产 | $42.1B | $53.4B |
| 负债/权益比越低杠杆越低 | 1.33× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资APHVG
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $2.4B | ||
| Q3 25 | $3.9B | $1.9B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $1.7B | $3.6B | ||
| Q4 24 | $3.3B | $3.6B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.3B | — |
总债务APHVG
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $34.2B | ||
| Q3 25 | $7.1B | $32.6B | ||
| Q2 25 | $7.1B | $30.0B | ||
| Q1 25 | $6.8B | $29.3B | ||
| Q4 24 | $6.5B | $29.3B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — |
股东权益APHVG
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $6.7B | ||
| Q3 25 | $12.5B | $5.7B | ||
| Q2 25 | $11.5B | $5.3B | ||
| Q1 25 | $10.3B | $4.9B | ||
| Q4 24 | $9.8B | $2.9B | ||
| Q3 24 | $9.5B | — | ||
| Q2 24 | $9.0B | — |
总资产APHVG
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $53.4B | ||
| Q3 25 | $27.1B | $50.1B | ||
| Q2 25 | $25.7B | $46.5B | ||
| Q1 25 | $22.9B | $45.1B | ||
| Q4 24 | $21.4B | $43.5B | ||
| Q3 24 | $19.6B | — | ||
| Q2 24 | $18.6B | — |
负债/权益比APHVG
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.09× | 5.07× | ||
| Q3 25 | 0.57× | 5.73× | ||
| Q2 25 | 0.62× | 5.69× | ||
| Q1 25 | 0.66× | 6.01× | ||
| Q4 24 | 0.66× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $831.2M | $-1.5B |
| 自由现金流率自由现金流/营收 | 10.9% | -34.1% |
| 资本支出强度资本支出/营收 | 3.8% | 81.6% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流APHVG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $764.9M | $1.1B | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | — | ||
| Q2 24 | $664.1M | — |
自由现金流APHVG
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $-1.5B | ||
| Q3 25 | $1.2B | $-1.4B | ||
| Q2 25 | $1.1B | $-1.5B | ||
| Q1 25 | $576.3M | $-2.4B | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | — |
自由现金流率APHVG
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | -34.1% | ||
| Q3 25 | 19.6% | -42.4% | ||
| Q2 25 | 19.8% | -49.1% | ||
| Q1 25 | 12.0% | -81.3% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度APHVG
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 81.6% | ||
| Q3 25 | 4.2% | 98.9% | ||
| Q2 25 | 5.3% | 96.1% | ||
| Q1 25 | 3.9% | 119.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 3.9% | — |
现金转化率APHVG
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 1.77× | ||
| Q3 25 | 1.18× | 3.42× | ||
| Q2 25 | 1.30× | 3.07× | ||
| Q1 25 | 1.04× | 2.15× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.27× | — |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
