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安波福（APTV）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
安波福的季度营收约是亚什兰的13.3倍（$5.2B vs $386.0M）。安波福净利率更高（2.7% vs -3.1%，领先5.8%）。安波福同比增速更快（5.0% vs -4.7%）。安波福自由现金流更多（$651.0M vs $111.0M）。过去两年安波福的营收复合增速更高（2.5% vs -18.1%）
安波福（Aptiv）是源自美国的全球知名汽车技术供应商，总部设于瑞士沙夫豪森。其前身是通用汽车旗下的零部件业务板块，后独立为德尔福汽车系统，经业务拆分重组后正式成立安波福，服务全球各大整车制造企业。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
APTV vs ASH — 直观对比
营收规模更大
APTV
是对方的13.3倍
$386.0M
营收增速更快
APTV
高出9.7%
-4.7%
净利率更高
APTV
高出5.8%
-3.1%
自由现金流更多
APTV
多$540.0M
$111.0M
两年增速更快
APTV
近两年复合增速
-18.1%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $386.0M |
| 净利润 | $138.0M | $-12.0M |
| 毛利率 | 18.7% | 27.2% |
| 营业利润率 | 8.2% | -1.6% |
| 净利率 | 2.7% | -3.1% |
| 营收同比 | 5.0% | -4.7% |
| 净利润同比 | -48.5% | 92.7% |
| 每股收益（稀释后） | $0.63 | $-0.26 |
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APTVASH
| Q4 25 | $5.2B | $386.0M | ||
| Q3 25 | $5.2B | $477.0M | ||
| Q2 25 | $5.2B | $463.0M | ||
| Q1 25 | $4.8B | $479.0M | ||
| Q4 24 | $4.9B | $405.0M | ||
| Q3 24 | $4.9B | $521.0M | ||
| Q2 24 | $5.1B | $544.0M | ||
| Q1 24 | $4.9B | $575.0M |
净利润APTVASH
| Q4 25 | $138.0M | $-12.0M | ||
| Q3 25 | $-355.0M | $31.0M | ||
| Q2 25 | $393.0M | $-742.0M | ||
| Q1 25 | $-11.0M | $31.0M | ||
| Q4 24 | $268.0M | $-165.0M | ||
| Q3 24 | $363.0M | $17.0M | ||
| Q2 24 | $938.0M | $6.0M | ||
| Q1 24 | $218.0M | $120.0M |
毛利率APTVASH
| Q4 25 | 18.7% | 27.2% | ||
| Q3 25 | 19.5% | 33.3% | ||
| Q2 25 | 19.1% | 28.5% | ||
| Q1 25 | 19.1% | 30.7% | ||
| Q4 24 | 19.6% | 27.4% | ||
| Q3 24 | 18.6% | 33.2% | ||
| Q2 24 | 19.2% | 34.2% | ||
| Q1 24 | 17.9% | 28.0% |
营业利润率APTVASH
| Q4 25 | 8.2% | -1.6% | ||
| Q3 25 | -3.4% | 12.8% | ||
| Q2 25 | 9.3% | -152.9% | ||
| Q1 25 | 9.3% | 10.6% | ||
| Q4 24 | 9.8% | -44.2% | ||
| Q3 24 | 10.4% | 6.1% | ||
| Q2 24 | 8.7% | -11.2% | ||
| Q1 24 | 8.5% | 3.7% |
净利率APTVASH
| Q4 25 | 2.7% | -3.1% | ||
| Q3 25 | -6.8% | 6.5% | ||
| Q2 25 | 7.5% | -160.3% | ||
| Q1 25 | -0.2% | 6.5% | ||
| Q4 24 | 5.5% | -40.7% | ||
| Q3 24 | 7.5% | 3.3% | ||
| Q2 24 | 18.6% | 1.1% | ||
| Q1 24 | 4.4% | 20.9% |
每股收益（稀释后）APTVASH
| Q4 25 | $0.63 | $-0.26 | ||
| Q3 25 | $-1.63 | $0.83 | ||
| Q2 25 | $1.80 | $-16.21 | ||
| Q1 25 | $-0.05 | $0.65 | ||
| Q4 24 | $1.22 | $-3.50 | ||
| Q3 24 | $1.48 | $0.34 | ||
| Q2 24 | $3.47 | $0.12 | ||
| Q1 24 | $0.79 | $2.39 |
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 | $1.9B | $304.0M |
| 总债务越低越好 | $7.5B | $1.4B |
| 股东权益账面价值 | $9.2B | $1.9B |
| 总资产 | $23.4B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资APTVASH
| Q4 25 | $1.9B | $304.0M | ||
| Q3 25 | $1.6B | $215.0M | ||
| Q2 25 | $1.4B | $207.0M | ||
| Q1 25 | $1.1B | $168.0M | ||
| Q4 24 | $1.6B | $219.0M | ||
| Q3 24 | $1.8B | $300.0M | ||
| Q2 24 | $2.2B | $399.0M | ||
| Q1 24 | $941.0M | $439.0M |
总债务APTVASH
| Q4 25 | $7.5B | $1.4B | ||
| Q3 25 | $7.6B | $1.4B | ||
| Q2 25 | $7.8B | $1.4B | ||
| Q1 25 | $7.6B | $1.3B | ||
| Q4 24 | $7.8B | $1.3B | ||
| Q3 24 | $8.3B | $1.3B | ||
| Q2 24 | $5.5B | $1.3B | ||
| Q1 24 | $4.7B | $1.3B |
股东权益APTVASH
| Q4 25 | $9.2B | $1.9B | ||
| Q3 25 | $9.3B | $1.9B | ||
| Q2 25 | $9.7B | $1.9B | ||
| Q1 25 | $9.0B | $2.6B | ||
| Q4 24 | $8.8B | $2.6B | ||
| Q3 24 | $8.9B | $2.9B | ||
| Q2 24 | $11.5B | $3.0B | ||
| Q1 24 | $11.1B | $3.1B |
总资产APTVASH
| Q4 25 | $23.4B | $4.5B | ||
| Q3 25 | $23.5B | $4.6B | ||
| Q2 25 | $23.9B | $4.6B | ||
| Q1 25 | $23.1B | $5.2B | ||
| Q4 24 | $23.5B | $5.2B | ||
| Q3 24 | $24.8B | $5.6B | ||
| Q2 24 | $24.8B | $5.7B | ||
| Q1 24 | $23.6B | $5.9B |
负债/权益比APTVASH
| Q4 25 | 0.81× | 0.74× | ||
| Q3 25 | 0.82× | 0.73× | ||
| Q2 25 | 0.80× | 0.73× | ||
| Q1 25 | 0.85× | 0.52× | ||
| Q4 24 | 0.89× | 0.51× | ||
| Q3 24 | 0.93× | 0.47× | ||
| Q2 24 | 0.48× | 0.45× | ||
| Q1 24 | 0.42× | 0.42× |
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 | $818.0M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $111.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 28.8% |
| 资本支出强度资本支出/营收 | 3.2% | 3.6% |
| 现金转化率经营现金流/净利润 | 5.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $200.0M |
8季度趋势，按日历期对齐
经营现金流APTVASH
| Q4 25 | $818.0M | $125.0M | ||
| Q3 25 | $584.0M | $40.0M | ||
| Q2 25 | $510.0M | $115.0M | ||
| Q1 25 | $273.0M | $9.0M | ||
| Q4 24 | $1.1B | $-30.0M | ||
| Q3 24 | $499.0M | $80.0M | ||
| Q2 24 | $643.0M | $127.0M | ||
| Q1 24 | $244.0M | $54.0M |
自由现金流APTVASH
| Q4 25 | $651.0M | $111.0M | ||
| Q3 25 | $441.0M | $6.0M | ||
| Q2 25 | $361.0M | $95.0M | ||
| Q1 25 | $76.0M | $-12.0M | ||
| Q4 24 | $894.0M | $-53.0M | ||
| Q3 24 | $326.0M | $42.0M | ||
| Q2 24 | $417.0M | $98.0M | ||
| Q1 24 | $-21.0M | $20.0M |
自由现金流率APTVASH
| Q4 25 | 12.6% | 28.8% | ||
| Q3 25 | 8.5% | 1.3% | ||
| Q2 25 | 6.9% | 20.5% | ||
| Q1 25 | 1.6% | -2.5% | ||
| Q4 24 | 18.2% | -13.1% | ||
| Q3 24 | 6.7% | 8.1% | ||
| Q2 24 | 8.3% | 18.0% | ||
| Q1 24 | -0.4% | 3.5% |
资本支出强度APTVASH
| Q4 25 | 3.2% | 3.6% | ||
| Q3 25 | 2.7% | 7.1% | ||
| Q2 25 | 2.9% | 4.3% | ||
| Q1 25 | 4.1% | 4.4% | ||
| Q4 24 | 3.4% | 5.7% | ||
| Q3 24 | 3.6% | 7.3% | ||
| Q2 24 | 4.5% | 5.3% | ||
| Q1 24 | 5.4% | 5.9% |
现金转化率APTVASH
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 4.71× | ||
| Q2 24 | 0.69× | 21.17× | ||
| Q1 24 | 1.12× | 0.45× |
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
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
