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安波福（APTV）与Dutch Bros Inc.（BROS）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Dutch Bros Inc.的11.6倍（$5.2B vs $443.6M）。Dutch Bros Inc.净利率更高（4.8% vs 2.7%，领先2.1%）。Dutch Bros Inc.同比增速更快（29.4% vs 5.0%）。安波福自由现金流更多（$651.0M vs $8.5M）。过去两年Dutch Bros Inc.的营收复合增速更高（27.0% 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。
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
APTV vs BROS — 直观对比
营收规模更大
APTV
是对方的11.6倍
$443.6M
营收增速更快
BROS
高出24.4%
5.0%
净利率更高
BROS
高出2.1%
2.7%
自由现金流更多
APTV
多$642.5M
$8.5M
两年增速更快
BROS
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $443.6M |
| 净利润 | $138.0M | $21.4M |
| 毛利率 | 18.7% | 24.1% |
| 营业利润率 | 8.2% | 7.7% |
| 净利率 | 2.7% | 4.8% |
| 营收同比 | 5.0% | 29.4% |
| 净利润同比 | -48.5% | 491.6% |
| 每股收益（稀释后） | $0.63 | $0.17 |
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APTVBROS
| Q4 25 | $5.2B | $443.6M | ||
| Q3 25 | $5.2B | $423.6M | ||
| Q2 25 | $5.2B | $415.8M | ||
| Q1 25 | $4.8B | $355.2M | ||
| Q4 24 | $4.9B | $342.8M | ||
| Q3 24 | $4.9B | $338.2M | ||
| Q2 24 | $5.1B | $324.9M | ||
| Q1 24 | $4.9B | $275.1M |
净利润APTVBROS
| Q4 25 | $138.0M | $21.4M | ||
| Q3 25 | $-355.0M | $17.5M | ||
| Q2 25 | $393.0M | $25.6M | ||
| Q1 25 | $-11.0M | $15.4M | ||
| Q4 24 | $268.0M | $3.6M | ||
| Q3 24 | $363.0M | $12.6M | ||
| Q2 24 | $938.0M | $11.9M | ||
| Q1 24 | $218.0M | $7.1M |
毛利率APTVBROS
| Q4 25 | 18.7% | 24.1% | ||
| Q3 25 | 19.5% | 25.2% | ||
| Q2 25 | 19.1% | 28.9% | ||
| Q1 25 | 19.1% | 25.3% | ||
| Q4 24 | 19.6% | 25.7% | ||
| Q3 24 | 18.6% | 26.6% | ||
| Q2 24 | 19.2% | 27.8% | ||
| Q1 24 | 17.9% | 26.1% |
营业利润率APTVBROS
| Q4 25 | 8.2% | 7.7% | ||
| Q3 25 | -3.4% | 9.8% | ||
| Q2 25 | 9.3% | 13.1% | ||
| Q1 25 | 9.3% | 8.7% | ||
| Q4 24 | 9.8% | 4.6% | ||
| Q3 24 | 10.4% | 9.6% | ||
| Q2 24 | 8.7% | 9.9% | ||
| Q1 24 | 8.5% | 9.3% |
净利率APTVBROS
| Q4 25 | 2.7% | 4.8% | ||
| Q3 25 | -6.8% | 4.1% | ||
| Q2 25 | 7.5% | 6.2% | ||
| Q1 25 | -0.2% | 4.3% | ||
| Q4 24 | 5.5% | 1.1% | ||
| Q3 24 | 7.5% | 3.7% | ||
| Q2 24 | 18.6% | 3.7% | ||
| Q1 24 | 4.4% | 2.6% |
每股收益（稀释后）APTVBROS
| Q4 25 | $0.63 | $0.17 | ||
| Q3 25 | $-1.63 | $0.14 | ||
| Q2 25 | $1.80 | $0.20 | ||
| Q1 25 | $-0.05 | $0.13 | ||
| Q4 24 | $1.22 | $0.03 | ||
| Q3 24 | $1.48 | $0.11 | ||
| Q2 24 | $3.47 | $0.12 | ||
| Q1 24 | $0.79 | $0.08 |
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 | $269.4M |
| 总债务越低越好 | $7.5B | $202.5M |
| 股东权益账面价值 | $9.2B | $680.8M |
| 总资产 | $23.4B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资APTVBROS
| Q4 25 | $1.9B | $269.4M | ||
| Q3 25 | $1.6B | $267.2M | ||
| Q2 25 | $1.4B | $254.4M | ||
| Q1 25 | $1.1B | $316.4M | ||
| Q4 24 | $1.6B | $293.4M | ||
| Q3 24 | $1.8B | $281.1M | ||
| Q2 24 | $2.2B | $260.9M | ||
| Q1 24 | $941.0M | $262.7M |
总债务APTVBROS
| Q4 25 | $7.5B | $202.5M | ||
| Q3 25 | $7.6B | $202.3M | ||
| Q2 25 | $7.8B | $203.3M | ||
| Q1 25 | $7.6B | $284.2M | ||
| Q4 24 | $7.8B | $238.0M | ||
| Q3 24 | $8.3B | $241.2M | ||
| Q2 24 | $5.5B | $244.3M | ||
| Q1 24 | $4.7B | $247.5M |
股东权益APTVBROS
| Q4 25 | $9.2B | $680.8M | ||
| Q3 25 | $9.3B | $656.6M | ||
| Q2 25 | $9.7B | $636.2M | ||
| Q1 25 | $9.0B | $599.1M | ||
| Q4 24 | $8.8B | $537.4M | ||
| Q3 24 | $8.9B | $523.1M | ||
| Q2 24 | $11.5B | $509.1M | ||
| Q1 24 | $11.1B | $417.1M |
总资产APTVBROS
| Q4 25 | $23.4B | $3.0B | ||
| Q3 25 | $23.5B | $2.9B | ||
| Q2 25 | $23.9B | $2.8B | ||
| Q1 25 | $23.1B | $2.8B | ||
| Q4 24 | $23.5B | $2.5B | ||
| Q3 24 | $24.8B | $2.4B | ||
| Q2 24 | $24.8B | $2.4B | ||
| Q1 24 | $23.6B | $2.1B |
负债/权益比APTVBROS
| Q4 25 | 0.81× | 0.30× | ||
| Q3 25 | 0.82× | 0.31× | ||
| Q2 25 | 0.80× | 0.32× | ||
| Q1 25 | 0.85× | 0.47× | ||
| Q4 24 | 0.89× | 0.44× | ||
| Q3 24 | 0.93× | 0.46× | ||
| Q2 24 | 0.48× | 0.48× | ||
| Q1 24 | 0.42× | 0.59× |
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 | $79.6M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $8.5M |
| 自由现金流率自由现金流/营收 | 12.6% | 1.9% |
| 资本支出强度资本支出/营收 | 3.2% | 16.0% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.73× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $54.4M |
8季度趋势，按日历期对齐
经营现金流APTVBROS
| Q4 25 | $818.0M | $79.6M | ||
| Q3 25 | $584.0M | $89.1M | ||
| Q2 25 | $510.0M | $89.9M | ||
| Q1 25 | $273.0M | $36.9M | ||
| Q4 24 | $1.1B | $62.2M | ||
| Q3 24 | $499.0M | $83.5M | ||
| Q2 24 | $643.0M | $59.5M | ||
| Q1 24 | $244.0M | $41.2M |
自由现金流APTVBROS
| Q4 25 | $651.0M | $8.5M | ||
| Q3 25 | $441.0M | $18.9M | ||
| Q2 25 | $361.0M | $35.7M | ||
| Q1 25 | $76.0M | $-8.7M | ||
| Q4 24 | $894.0M | $19.5M | ||
| Q3 24 | $326.0M | $26.4M | ||
| Q2 24 | $417.0M | $-4.9M | ||
| Q1 24 | $-21.0M | $-16.3M |
自由现金流率APTVBROS
| Q4 25 | 12.6% | 1.9% | ||
| Q3 25 | 8.5% | 4.5% | ||
| Q2 25 | 6.9% | 8.6% | ||
| Q1 25 | 1.6% | -2.4% | ||
| Q4 24 | 18.2% | 5.7% | ||
| Q3 24 | 6.7% | 7.8% | ||
| Q2 24 | 8.3% | -1.5% | ||
| Q1 24 | -0.4% | -5.9% |
资本支出强度APTVBROS
| Q4 25 | 3.2% | 16.0% | ||
| Q3 25 | 2.7% | 16.6% | ||
| Q2 25 | 2.9% | 13.0% | ||
| Q1 25 | 4.1% | 12.8% | ||
| Q4 24 | 3.4% | 12.5% | ||
| Q3 24 | 3.6% | 16.9% | ||
| Q2 24 | 4.5% | 19.8% | ||
| Q1 24 | 5.4% | 20.9% |
现金转化率APTVBROS
| Q4 25 | 5.93× | 3.73× | ||
| Q3 25 | — | 5.09× | ||
| Q2 25 | 1.30× | 3.51× | ||
| Q1 25 | — | 2.40× | ||
| Q4 24 | 3.96× | 17.23× | ||
| Q3 24 | 1.37× | 6.60× | ||
| Q2 24 | 0.69× | 4.99× | ||
| Q1 24 | 1.12× | 5.83× |
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% |
BROS
| Company Operated Shops | $409.6M | 92% |
| Franchise Fees | $32.3M | 7% |
| Other | $1.8M | 0% |
