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安波福（APTV）与CALERES INC（CAL）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CALERES INC的6.5倍（$5.2B vs $790.1M）。安波福净利率更高（2.7% vs 0.3%，领先2.4%）。CALERES INC同比增速更快（6.6% vs 5.0%）。安波福自由现金流更多（$651.0M vs $-12.4M）。过去两年CALERES INC的营收复合增速更高（6.5% 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。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
APTV vs CAL — 直观对比
营收规模更大
APTV
是对方的6.5倍
$790.1M
营收增速更快
CAL
高出1.6%
5.0%
净利率更高
APTV
高出2.4%
0.3%
自由现金流更多
APTV
多$663.4M
$-12.4M
两年增速更快
CAL
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $790.1M |
| 净利润 | $138.0M | $2.4M |
| 毛利率 | 18.7% | 41.8% |
| 营业利润率 | 8.2% | 1.5% |
| 净利率 | 2.7% | 0.3% |
| 营收同比 | 5.0% | 6.6% |
| 净利润同比 | -48.5% | -94.2% |
| 每股收益（稀释后） | $0.63 | $0.07 |
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APTVCAL
| Q4 25 | $5.2B | $790.1M | ||
| Q3 25 | $5.2B | $658.5M | ||
| Q2 25 | $5.2B | $614.2M | ||
| Q1 25 | $4.8B | $639.2M | ||
| Q4 24 | $4.9B | $740.9M | ||
| Q3 24 | $4.9B | $683.3M | ||
| Q2 24 | $5.1B | $659.2M | ||
| Q1 24 | $4.9B | $697.1M |
净利润APTVCAL
| Q4 25 | $138.0M | $2.4M | ||
| Q3 25 | $-355.0M | $6.7M | ||
| Q2 25 | $393.0M | $6.9M | ||
| Q1 25 | $-11.0M | $4.9M | ||
| Q4 24 | $268.0M | $41.4M | ||
| Q3 24 | $363.0M | $30.0M | ||
| Q2 24 | $938.0M | $30.9M | ||
| Q1 24 | $218.0M | $55.7M |
毛利率APTVCAL
| Q4 25 | 18.7% | 41.8% | ||
| Q3 25 | 19.5% | 43.4% | ||
| Q2 25 | 19.1% | 45.4% | ||
| Q1 25 | 19.1% | 43.0% | ||
| Q4 24 | 19.6% | 44.1% | ||
| Q3 24 | 18.6% | 45.5% | ||
| Q2 24 | 19.2% | 46.9% | ||
| Q1 24 | 17.9% | 43.9% |
营业利润率APTVCAL
| Q4 25 | 8.2% | 1.5% | ||
| Q3 25 | -3.4% | 1.4% | ||
| Q2 25 | 9.3% | 1.9% | ||
| Q1 25 | 9.3% | 1.2% | ||
| Q4 24 | 9.8% | 7.7% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | 8.7% | 6.5% | ||
| Q1 24 | 8.5% | 4.4% |
净利率APTVCAL
| Q4 25 | 2.7% | 0.3% | ||
| Q3 25 | -6.8% | 1.0% | ||
| Q2 25 | 7.5% | 1.1% | ||
| Q1 25 | -0.2% | 0.8% | ||
| Q4 24 | 5.5% | 5.6% | ||
| Q3 24 | 7.5% | 4.4% | ||
| Q2 24 | 18.6% | 4.7% | ||
| Q1 24 | 4.4% | 8.0% |
每股收益（稀释后）APTVCAL
| Q4 25 | $0.63 | $0.07 | ||
| Q3 25 | $-1.63 | $0.20 | ||
| Q2 25 | $1.80 | $0.21 | ||
| Q1 25 | $-0.05 | $0.17 | ||
| Q4 24 | $1.22 | $1.19 | ||
| Q3 24 | $1.48 | $0.85 | ||
| Q2 24 | $3.47 | $0.88 | ||
| Q1 24 | $0.79 | $1.56 |
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 | $34.0M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $616.8M |
| 总资产 | $23.4B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资APTVCAL
| Q4 25 | $1.9B | $34.0M | ||
| Q3 25 | $1.6B | $191.5M | ||
| Q2 25 | $1.4B | $33.1M | ||
| Q1 25 | $1.1B | $29.6M | ||
| Q4 24 | $1.6B | $33.7M | ||
| Q3 24 | $1.8B | $51.8M | ||
| Q2 24 | $2.2B | $30.7M | ||
| Q1 24 | $941.0M | $21.4M |
总债务APTVCAL
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVCAL
| Q4 25 | $9.2B | $616.8M | ||
| Q3 25 | $9.3B | $613.3M | ||
| Q2 25 | $9.7B | $605.2M | ||
| Q1 25 | $9.0B | $599.0M | ||
| Q4 24 | $8.8B | $598.3M | ||
| Q3 24 | $8.9B | $606.1M | ||
| Q2 24 | $11.5B | $570.3M | ||
| Q1 24 | $11.1B | $560.6M |
总资产APTVCAL
| Q4 25 | $23.4B | $2.1B | ||
| Q3 25 | $23.5B | $2.2B | ||
| Q2 25 | $23.9B | $1.9B | ||
| Q1 25 | $23.1B | $1.9B | ||
| Q4 24 | $23.5B | $2.0B | ||
| Q3 24 | $24.8B | $2.0B | ||
| Q2 24 | $24.8B | $1.9B | ||
| Q1 24 | $23.6B | $1.8B |
负债/权益比APTVCAL
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 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 | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $-12.4M |
| 自由现金流率自由现金流/营收 | 12.6% | -1.6% |
| 资本支出强度资本支出/营收 | 3.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.93× | -0.50× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $14.4M |
8季度趋势，按日历期对齐
经营现金流APTVCAL
| Q4 25 | $818.0M | $-1.2M | ||
| Q3 25 | $584.0M | $47.3M | ||
| Q2 25 | $510.0M | $-5.7M | ||
| Q1 25 | $273.0M | $28.7M | ||
| Q4 24 | $1.1B | $-39.8M | ||
| Q3 24 | $499.0M | $79.6M | ||
| Q2 24 | $643.0M | $36.1M | ||
| Q1 24 | $244.0M | $43.0M |
自由现金流APTVCAL
| Q4 25 | $651.0M | $-12.4M | ||
| Q3 25 | $441.0M | $35.0M | ||
| Q2 25 | $361.0M | $-26.2M | ||
| Q1 25 | $76.0M | $18.0M | ||
| Q4 24 | $894.0M | $-57.4M | ||
| Q3 24 | $326.0M | $68.5M | ||
| Q2 24 | $417.0M | $26.3M | ||
| Q1 24 | $-21.0M | $32.4M |
自由现金流率APTVCAL
| Q4 25 | 12.6% | -1.6% | ||
| Q3 25 | 8.5% | 5.3% | ||
| Q2 25 | 6.9% | -4.3% | ||
| Q1 25 | 1.6% | 2.8% | ||
| Q4 24 | 18.2% | -7.7% | ||
| Q3 24 | 6.7% | 10.0% | ||
| Q2 24 | 8.3% | 4.0% | ||
| Q1 24 | -0.4% | 4.6% |
资本支出强度APTVCAL
| Q4 25 | 3.2% | 1.4% | ||
| Q3 25 | 2.7% | 1.9% | ||
| Q2 25 | 2.9% | 3.3% | ||
| Q1 25 | 4.1% | 1.7% | ||
| Q4 24 | 3.4% | 2.4% | ||
| Q3 24 | 3.6% | 1.6% | ||
| Q2 24 | 4.5% | 1.5% | ||
| Q1 24 | 5.4% | 1.5% |
现金转化率APTVCAL
| Q4 25 | 5.93× | -0.50× | ||
| Q3 25 | — | 7.05× | ||
| Q2 25 | 1.30× | -0.81× | ||
| Q1 25 | — | 5.82× | ||
| Q4 24 | 3.96× | -0.96× | ||
| Q3 24 | 1.37× | 2.66× | ||
| Q2 24 | 0.69× | 1.17× | ||
| Q1 24 | 1.12× | 0.77× |
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% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
