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安波福（APTV）与CIENA CORP（CIEN）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CIENA CORP的4.2倍（$5.2B vs $1.2B）。CIENA CORP净利率更高（4.1% vs 2.7%，领先1.4%）。安波福自由现金流更多（$651.0M vs $134.6M）。过去两年CIENA CORP的营收复合增速更高（3.9% 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。
Ciena是总部位于美国马里兰州汉诺威的光网络系统及软件提供商，是光连接领域的核心参与者。截至2025年11月，公司营收达48亿美元，全球员工超9000人，由加里·史密斯担任总裁兼首席执行官。
APTV vs CIEN — 直观对比
营收规模更大
APTV
是对方的4.2倍
$1.2B
净利率更高
CIEN
高出1.4%
2.7%
自由现金流更多
APTV
多$516.4M
$134.6M
两年增速更快
CIEN
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $1.2B |
| 净利润 | $138.0M | $50.3M |
| 毛利率 | 18.7% | 41.3% |
| 营业利润率 | 8.2% | 6.0% |
| 净利率 | 2.7% | 4.1% |
| 营收同比 | 5.0% | — |
| 净利润同比 | -48.5% | — |
| 每股收益（稀释后） | $0.63 | $0.35 |
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APTVCIEN
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $4.8B | $1.1B | ||
| Q4 24 | $4.9B | $1.1B | ||
| Q3 24 | $4.9B | $942.3M | ||
| Q2 24 | $5.1B | $910.8M | ||
| Q1 24 | $4.9B | $1.0B |
净利润APTVCIEN
| Q4 25 | $138.0M | — | ||
| Q3 25 | $-355.0M | $50.3M | ||
| Q2 25 | $393.0M | $9.0M | ||
| Q1 25 | $-11.0M | $44.6M | ||
| Q4 24 | $268.0M | $37.0M | ||
| Q3 24 | $363.0M | $14.2M | ||
| Q2 24 | $938.0M | $-16.8M | ||
| Q1 24 | $218.0M | $49.5M |
毛利率APTVCIEN
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | 41.3% | ||
| Q2 25 | 19.1% | 40.2% | ||
| Q1 25 | 19.1% | 44.0% | ||
| Q4 24 | 19.6% | 40.9% | ||
| Q3 24 | 18.6% | 42.9% | ||
| Q2 24 | 19.2% | 42.7% | ||
| Q1 24 | 17.9% | 45.0% |
营业利润率APTVCIEN
| Q4 25 | 8.2% | — | ||
| Q3 25 | -3.4% | 6.0% | ||
| Q2 25 | 9.3% | 2.9% | ||
| Q1 25 | 9.3% | 7.5% | ||
| Q4 24 | 9.8% | 5.3% | ||
| Q3 24 | 10.4% | 2.8% | ||
| Q2 24 | 8.7% | -0.4% | ||
| Q1 24 | 8.5% | 8.2% |
净利率APTVCIEN
| Q4 25 | 2.7% | — | ||
| Q3 25 | -6.8% | 4.1% | ||
| Q2 25 | 7.5% | 0.8% | ||
| Q1 25 | -0.2% | 4.2% | ||
| Q4 24 | 5.5% | 3.3% | ||
| Q3 24 | 7.5% | 1.5% | ||
| Q2 24 | 18.6% | -1.8% | ||
| Q1 24 | 4.4% | 4.8% |
每股收益（稀释后）APTVCIEN
| Q4 25 | $0.63 | — | ||
| Q3 25 | $-1.63 | $0.35 | ||
| Q2 25 | $1.80 | $0.06 | ||
| Q1 25 | $-0.05 | $0.31 | ||
| Q4 24 | $1.22 | $0.26 | ||
| Q3 24 | $1.48 | $0.10 | ||
| Q2 24 | $3.47 | $-0.12 | ||
| Q1 24 | $0.79 | $0.34 |
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 | $1.3B |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $2.8B |
| 总资产 | $23.4B | $5.7B |
| 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APTVCIEN
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $941.0M | $1.4B |
总债务APTVCIEN
| 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APTVCIEN
| Q4 25 | $9.2B | — | ||
| Q3 25 | $9.3B | $2.8B | ||
| Q2 25 | $9.7B | $2.8B | ||
| Q1 25 | $9.0B | $2.8B | ||
| Q4 24 | $8.8B | $2.8B | ||
| Q3 24 | $8.9B | $2.9B | ||
| Q2 24 | $11.5B | $2.9B | ||
| Q1 24 | $11.1B | $2.9B |
总资产APTVCIEN
| Q4 25 | $23.4B | — | ||
| Q3 25 | $23.5B | $5.7B | ||
| Q2 25 | $23.9B | $5.7B | ||
| Q1 25 | $23.1B | $5.6B | ||
| Q4 24 | $23.5B | $5.6B | ||
| Q3 24 | $24.8B | $5.6B | ||
| Q2 24 | $24.8B | $5.6B | ||
| Q1 24 | $23.6B | $5.6B |
负债/权益比APTVCIEN
| 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 | $174.3M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $134.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 11.0% |
| 资本支出强度资本支出/营收 | 3.2% | 3.3% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $605.5M |
8季度趋势，按日历期对齐
经营现金流APTVCIEN
| Q4 25 | $818.0M | — | ||
| Q3 25 | $584.0M | $174.3M | ||
| Q2 25 | $510.0M | $156.9M | ||
| Q1 25 | $273.0M | $103.7M | ||
| Q4 24 | $1.1B | $349.4M | ||
| Q3 24 | $499.0M | $-159.4M | ||
| Q2 24 | $643.0M | $58.5M | ||
| Q1 24 | $244.0M | $266.1M |
自由现金流APTVCIEN
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | $134.6M | ||
| Q2 25 | $361.0M | $128.2M | ||
| Q1 25 | $76.0M | $76.8M | ||
| Q4 24 | $894.0M | $265.8M | ||
| Q3 24 | $326.0M | $-179.0M | ||
| Q2 24 | $417.0M | $41.6M | ||
| Q1 24 | $-21.0M | $249.5M |
自由现金流率APTVCIEN
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | 11.0% | ||
| Q2 25 | 6.9% | 11.4% | ||
| Q1 25 | 1.6% | 7.2% | ||
| Q4 24 | 18.2% | 23.6% | ||
| Q3 24 | 6.7% | -19.0% | ||
| Q2 24 | 8.3% | 4.6% | ||
| Q1 24 | -0.4% | 24.0% |
资本支出强度APTVCIEN
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 3.3% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 3.4% | 7.4% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 4.5% | 1.9% | ||
| Q1 24 | 5.4% | 1.6% |
现金转化率APTVCIEN
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | 1.30× | 17.50× | ||
| Q1 25 | — | 2.33× | ||
| Q4 24 | 3.96× | 9.44× | ||
| Q3 24 | 1.37× | -11.20× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | 5.37× |
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% |
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
