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安费诺（APH）与Vistra Corp.（VST）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Vistra Corp.的1.6倍（$7.6B vs $4.8B），安费诺净利率更高（12.4% vs 4.8%，领先7.5%），安费诺同比增速更快（58.4% vs 31.2%），安费诺自由现金流更多（$831.2M vs $596.0M），过去两年安费诺的营收复合增速更高（45.3% vs 23.3%）
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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
APH vs VST — 直观对比
营收规模更大
APH
是对方的1.6倍
$4.8B
营收增速更快
APH
高出27.2%
31.2%
净利率更高
APH
高出7.5%
4.8%
自由现金流更多
APH
多$235.2M
$596.0M
两年增速更快
APH
近两年复合增速
23.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $4.8B |
| 净利润 | $943.3M | $233.0M |
| 毛利率 | 36.7% | — |
| 营业利润率 | 24.0% | 9.9% |
| 净利率 | 12.4% | 4.8% |
| 营收同比 | 58.4% | 31.2% |
| 净利润同比 | 26.8% | -47.2% |
| 每股收益（稀释后） | $0.72 | $0.55 |
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APHVST
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.4B | $4.8B | ||
| Q3 25 | $6.2B | $4.8B | ||
| Q2 25 | $5.7B | $3.8B | ||
| Q1 25 | $4.8B | $4.3B | ||
| Q4 24 | $4.3B | $3.7B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $3.6B | $3.6B |
净利润APHVST
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $233.0M | ||
| Q3 25 | $1.2B | $652.0M | ||
| Q2 25 | $1.1B | $327.0M | ||
| Q1 25 | $737.8M | $-268.0M | ||
| Q4 24 | $746.1M | $441.0M | ||
| Q3 24 | $604.4M | $1.9B | ||
| Q2 24 | $524.8M | $365.0M |
毛利率APHVST
| 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APHVST
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 9.9% | ||
| Q3 25 | 27.5% | 21.7% | ||
| Q2 25 | 25.1% | 13.7% | ||
| Q1 25 | 21.3% | -2.8% | ||
| Q4 24 | 22.1% | 16.4% | ||
| Q3 24 | 20.3% | 59.6% | ||
| Q2 24 | 19.4% | 22.5% |
净利率APHVST
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 4.8% | ||
| Q3 25 | 20.1% | 13.6% | ||
| Q2 25 | 19.3% | 8.7% | ||
| Q1 25 | 15.3% | -6.3% | ||
| Q4 24 | 17.3% | 12.0% | ||
| Q3 24 | 15.0% | 43.5% | ||
| Q2 24 | 14.5% | 10.1% |
每股收益（稀释后）APHVST
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $0.55 | ||
| Q3 25 | $0.97 | $1.75 | ||
| Q2 25 | $0.86 | $0.81 | ||
| Q1 25 | $0.58 | $-0.93 | ||
| Q4 24 | $0.16 | $1.09 | ||
| Q3 24 | $0.48 | $5.25 | ||
| Q2 24 | $0.41 | $0.90 |
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 | $785.0M |
| 总债务越低越好 | $18.7B | $15.8B |
| 股东权益账面价值 | $14.1B | $5.1B |
| 总资产 | $42.1B | $41.5B |
| 负债/权益比越低杠杆越低 | 1.33× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资APHVST
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $785.0M | ||
| Q3 25 | $3.9B | $602.0M | ||
| Q2 25 | $3.2B | $458.0M | ||
| Q1 25 | $1.7B | $561.0M | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $1.6B | $905.0M | ||
| Q2 24 | $1.3B | $1.6B |
总债务APHVST
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $15.8B | ||
| Q3 25 | $7.1B | $15.8B | ||
| Q2 25 | $7.1B | $15.5B | ||
| Q1 25 | $6.8B | $15.4B | ||
| Q4 24 | $6.5B | $15.4B | ||
| Q3 24 | $5.1B | $13.9B | ||
| Q2 24 | $5.0B | $13.9B |
股东权益APHVST
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $5.1B | ||
| Q3 25 | $12.5B | $5.2B | ||
| Q2 25 | $11.5B | $4.8B | ||
| Q1 25 | $10.3B | $4.8B | ||
| Q4 24 | $9.8B | $5.6B | ||
| Q3 24 | $9.5B | $5.4B | ||
| Q2 24 | $9.0B | $5.6B |
总资产APHVST
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $41.5B | ||
| Q3 25 | $27.1B | $38.0B | ||
| Q2 25 | $25.7B | $38.1B | ||
| Q1 25 | $22.9B | $38.2B | ||
| Q4 24 | $21.4B | $37.8B | ||
| Q3 24 | $19.6B | $37.9B | ||
| Q2 24 | $18.6B | $39.1B |
负债/权益比APHVST
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.09× | 3.11× | ||
| Q3 25 | 0.57× | 3.02× | ||
| Q2 25 | 0.62× | 3.22× | ||
| Q1 25 | 0.66× | 3.20× | ||
| Q4 24 | 0.66× | 2.77× | ||
| Q3 24 | 0.54× | 2.56× | ||
| Q2 24 | 0.56× | 2.49× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $831.2M | $596.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 12.4% |
| 资本支出强度资本支出/营收 | 3.8% | 17.4% |
| 现金转化率经营现金流/净利润 | 1.19× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.3B |
8季度趋势，按日历期对齐
经营现金流APHVST
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $572.0M | ||
| Q1 25 | $764.9M | $599.0M | ||
| Q4 24 | $847.1M | $1.4B | ||
| Q3 24 | $704.0M | $1.7B | ||
| Q2 24 | $664.1M | $1.2B |
自由现金流APHVST
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $596.0M | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.1B | $-118.0M | ||
| Q1 25 | $576.3M | $-169.0M | ||
| Q4 24 | $647.3M | $923.0M | ||
| Q3 24 | $474.0M | $1.0B | ||
| Q2 24 | $522.8M | $698.0M |
自由现金流率APHVST
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | 12.4% | ||
| Q3 25 | 19.6% | 21.1% | ||
| Q2 25 | 19.8% | -3.1% | ||
| Q1 25 | 12.0% | -4.0% | ||
| Q4 24 | 15.0% | 25.2% | ||
| Q3 24 | 11.7% | 23.4% | ||
| Q2 24 | 14.5% | 19.4% |
资本支出强度APHVST
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 17.4% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | 5.3% | 18.4% | ||
| Q1 25 | 3.9% | 18.1% | ||
| Q4 24 | 4.6% | 11.7% | ||
| Q3 24 | 5.7% | 15.8% | ||
| Q2 24 | 3.9% | 13.8% |
现金转化率APHVST
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 6.15× | ||
| Q3 25 | 1.18× | 2.25× | ||
| Q2 25 | 1.30× | 1.75× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | 3.07× | ||
| Q3 24 | 1.16× | 0.90× | ||
| Q2 24 | 1.27× | 3.28× |
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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
