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安波福（APTV）与波尔公司（BALL）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波尔公司的1.5倍（$5.2B vs $3.3B），波尔公司净利率更高（6.0% vs 2.7%，领先3.3%），波尔公司同比增速更快（16.2% vs 5.0%），波尔公司自由现金流更多（$1.0B vs $651.0M），过去两年波尔公司的营收复合增速更高（7.9% vs 2.5%）
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。
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
APTV vs BALL — 直观对比
营收规模更大
APTV
是对方的1.5倍
$3.3B
营收增速更快
BALL
高出11.2%
5.0%
净利率更高
BALL
高出3.3%
2.7%
自由现金流更多
BALL
多$390.0M
$651.0M
两年增速更快
BALL
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $3.3B |
| 净利润 | $138.0M | $200.0M |
| 毛利率 | 18.7% | — |
| 营业利润率 | 8.2% | 7.2% |
| 净利率 | 2.7% | 6.0% |
| 营收同比 | 5.0% | 16.2% |
| 净利润同比 | -48.5% | 766.7% |
| 每股收益（稀释后） | $0.63 | $0.73 |
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APTVBALL
| Q4 25 | $5.2B | $3.3B | ||
| Q3 25 | $5.2B | $3.4B | ||
| Q2 25 | $5.2B | $3.3B | ||
| Q1 25 | $4.8B | $3.1B | ||
| Q4 24 | $4.9B | $2.9B | ||
| Q3 24 | $4.9B | $3.1B | ||
| Q2 24 | $5.1B | $3.0B | ||
| Q1 24 | $4.9B | $2.9B |
净利润APTVBALL
| Q4 25 | $138.0M | $200.0M | ||
| Q3 25 | $-355.0M | $321.0M | ||
| Q2 25 | $393.0M | $215.0M | ||
| Q1 25 | $-11.0M | $179.0M | ||
| Q4 24 | $268.0M | $-30.0M | ||
| Q3 24 | $363.0M | $199.0M | ||
| Q2 24 | $938.0M | $159.0M | ||
| Q1 24 | $218.0M | $3.7B |
毛利率APTVBALL
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | 17.7% | ||
| Q2 24 | 19.2% | 16.5% | ||
| Q1 24 | 17.9% | 16.6% |
营业利润率APTVBALL
| Q4 25 | 8.2% | 7.2% | ||
| Q3 25 | -3.4% | 11.6% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 9.3% | 7.4% | ||
| Q4 24 | 9.8% | 0.2% | ||
| Q3 24 | 10.4% | 7.4% | ||
| Q2 24 | 8.7% | 6.8% | ||
| Q1 24 | 8.5% | 6.8% |
净利率APTVBALL
| Q4 25 | 2.7% | 6.0% | ||
| Q3 25 | -6.8% | 9.5% | ||
| Q2 25 | 7.5% | 6.4% | ||
| Q1 25 | -0.2% | 5.8% | ||
| Q4 24 | 5.5% | -1.0% | ||
| Q3 24 | 7.5% | 6.5% | ||
| Q2 24 | 18.6% | 5.4% | ||
| Q1 24 | 4.4% | 128.3% |
每股收益（稀释后）APTVBALL
| Q4 25 | $0.63 | $0.73 | ||
| Q3 25 | $-1.63 | $1.18 | ||
| Q2 25 | $1.80 | $0.76 | ||
| Q1 25 | $-0.05 | $0.63 | ||
| Q4 24 | $1.22 | $0.23 | ||
| Q3 24 | $1.48 | $0.65 | ||
| Q2 24 | $3.47 | $0.51 | ||
| Q1 24 | $0.79 | $11.61 |
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 | $1.2B |
| 总债务越低越好 | $7.5B | $7.0B |
| 股东权益账面价值 | $9.2B | $5.4B |
| 总资产 | $23.4B | $19.5B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资APTVBALL
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.6B | $568.0M | ||
| Q2 25 | $1.4B | $296.0M | ||
| Q1 25 | $1.1B | $449.0M | ||
| Q4 24 | $1.6B | $885.0M | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $941.0M | $1.7B |
总债务APTVBALL
| Q4 25 | $7.5B | $7.0B | ||
| Q3 25 | $7.6B | $6.9B | ||
| Q2 25 | $7.8B | $6.5B | ||
| Q1 25 | $7.6B | $6.1B | ||
| Q4 24 | $7.8B | $5.3B | ||
| Q3 24 | $8.3B | $5.4B | ||
| Q2 24 | $5.5B | $5.5B | ||
| Q1 24 | $4.7B | $5.5B |
股东权益APTVBALL
| Q4 25 | $9.2B | $5.4B | ||
| Q3 25 | $9.3B | $5.4B | ||
| Q2 25 | $9.7B | $5.2B | ||
| Q1 25 | $9.0B | $5.5B | ||
| Q4 24 | $8.8B | $5.9B | ||
| Q3 24 | $8.9B | $6.7B | ||
| Q2 24 | $11.5B | $6.9B | ||
| Q1 24 | $11.1B | $7.3B |
总资产APTVBALL
| Q4 25 | $23.4B | $19.5B | ||
| Q3 25 | $23.5B | $18.7B | ||
| Q2 25 | $23.9B | $18.6B | ||
| Q1 25 | $23.1B | $18.0B | ||
| Q4 24 | $23.5B | $17.6B | ||
| Q3 24 | $24.8B | $18.8B | ||
| Q2 24 | $24.8B | $19.0B | ||
| Q1 24 | $23.6B | $19.9B |
负债/权益比APTVBALL
| Q4 25 | 0.81× | 1.29× | ||
| Q3 25 | 0.82× | 1.26× | ||
| Q2 25 | 0.80× | 1.24× | ||
| Q1 25 | 0.85× | 1.12× | ||
| Q4 24 | 0.89× | 0.91× | ||
| Q3 24 | 0.93× | 0.80× | ||
| Q2 24 | 0.48× | 0.80× | ||
| Q1 24 | 0.42× | 0.76× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 12.6% | 31.1% |
| 资本支出强度资本支出/营收 | 3.2% | 5.1% |
| 现金转化率经营现金流/净利润 | 5.93× | 6.05× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $788.0M |
8季度趋势，按日历期对齐
经营现金流APTVBALL
| Q4 25 | $818.0M | $1.2B | ||
| Q3 25 | $584.0M | $384.0M | ||
| Q2 25 | $510.0M | $332.0M | ||
| Q1 25 | $273.0M | $-665.0M | ||
| Q4 24 | $1.1B | $500.0M | ||
| Q3 24 | $499.0M | $610.0M | ||
| Q2 24 | $643.0M | $252.0M | ||
| Q1 24 | $244.0M | $-1.2B |
自由现金流APTVBALL
| Q4 25 | $651.0M | $1.0B | ||
| Q3 25 | $441.0M | $257.0M | ||
| Q2 25 | $361.0M | $236.0M | ||
| Q1 25 | $76.0M | $-746.0M | ||
| Q4 24 | $894.0M | $393.0M | ||
| Q3 24 | $326.0M | $493.0M | ||
| Q2 24 | $417.0M | $146.0M | ||
| Q1 24 | $-21.0M | $-1.4B |
自由现金流率APTVBALL
| Q4 25 | 12.6% | 31.1% | ||
| Q3 25 | 8.5% | 7.6% | ||
| Q2 25 | 6.9% | 7.1% | ||
| Q1 25 | 1.6% | -24.1% | ||
| Q4 24 | 18.2% | 13.6% | ||
| Q3 24 | 6.7% | 16.0% | ||
| Q2 24 | 8.3% | 4.9% | ||
| Q1 24 | -0.4% | -48.7% |
资本支出强度APTVBALL
| Q4 25 | 3.2% | 5.1% | ||
| Q3 25 | 2.7% | 3.8% | ||
| Q2 25 | 2.9% | 2.9% | ||
| Q1 25 | 4.1% | 2.6% | ||
| Q4 24 | 3.4% | 3.7% | ||
| Q3 24 | 3.6% | 3.8% | ||
| Q2 24 | 4.5% | 3.6% | ||
| Q1 24 | 5.4% | 5.4% |
现金转化率APTVBALL
| Q4 25 | 5.93× | 6.05× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | 1.30× | 1.54× | ||
| Q1 25 | — | -3.72× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 3.07× | ||
| Q2 24 | 0.69× | 1.58× | ||
| Q1 24 | 1.12× | -0.34× |
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% |
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
