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安波福（APTV）与PC CONNECTION INC（CNXN）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PC CONNECTION INC的7.3倍（$5.2B vs $702.9M）。PC CONNECTION INC净利率更高（2.9% vs 2.7%，领先0.3%）。安波福同比增速更快（5.0% vs -0.8%）。安波福自由现金流更多（$651.0M vs $25.2M）。过去两年PC CONNECTION INC的营收复合增速更高（5.5% 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。
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
APTV vs CNXN — 直观对比
营收规模更大
APTV
是对方的7.3倍
$702.9M
营收增速更快
APTV
高出5.9%
-0.8%
净利率更高
CNXN
高出0.3%
2.7%
自由现金流更多
APTV
多$625.8M
$25.2M
两年增速更快
CNXN
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $702.9M |
| 净利润 | $138.0M | $20.7M |
| 毛利率 | 18.7% | 19.3% |
| 营业利润率 | 8.2% | 3.4% |
| 净利率 | 2.7% | 2.9% |
| 营收同比 | 5.0% | -0.8% |
| 净利润同比 | -48.5% | -0.0% |
| 每股收益（稀释后） | $0.63 | $0.82 |
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APTVCNXN
| Q4 25 | $5.2B | $702.9M | ||
| Q3 25 | $5.2B | $709.1M | ||
| Q2 25 | $5.2B | $759.7M | ||
| Q1 25 | $4.8B | $701.0M | ||
| Q4 24 | $4.9B | $708.9M | ||
| Q3 24 | $4.9B | $724.7M | ||
| Q2 24 | $5.1B | $736.5M | ||
| Q1 24 | $4.9B | $632.0M |
净利润APTVCNXN
| Q4 25 | $138.0M | $20.7M | ||
| Q3 25 | $-355.0M | $24.7M | ||
| Q2 25 | $393.0M | $24.8M | ||
| Q1 25 | $-11.0M | $13.5M | ||
| Q4 24 | $268.0M | $20.7M | ||
| Q3 24 | $363.0M | $27.1M | ||
| Q2 24 | $938.0M | $26.2M | ||
| Q1 24 | $218.0M | $13.2M |
毛利率APTVCNXN
| Q4 25 | 18.7% | 19.3% | ||
| Q3 25 | 19.5% | 19.6% | ||
| Q2 25 | 19.1% | 18.1% | ||
| Q1 25 | 19.1% | 18.2% | ||
| Q4 24 | 19.6% | 18.3% | ||
| Q3 24 | 18.6% | 18.7% | ||
| Q2 24 | 19.2% | 18.5% | ||
| Q1 24 | 17.9% | 18.7% |
营业利润率APTVCNXN
| Q4 25 | 8.2% | 3.4% | ||
| Q3 25 | -3.4% | 4.3% | ||
| Q2 25 | 9.3% | 4.1% | ||
| Q1 25 | 9.3% | 2.1% | ||
| Q4 24 | 9.8% | 3.2% | ||
| Q3 24 | 10.4% | 4.1% | ||
| Q2 24 | 8.7% | 4.2% | ||
| Q1 24 | 8.5% | 2.1% |
净利率APTVCNXN
| Q4 25 | 2.7% | 2.9% | ||
| Q3 25 | -6.8% | 3.5% | ||
| Q2 25 | 7.5% | 3.3% | ||
| Q1 25 | -0.2% | 1.9% | ||
| Q4 24 | 5.5% | 2.9% | ||
| Q3 24 | 7.5% | 3.7% | ||
| Q2 24 | 18.6% | 3.6% | ||
| Q1 24 | 4.4% | 2.1% |
每股收益（稀释后）APTVCNXN
| Q4 25 | $0.63 | $0.82 | ||
| Q3 25 | $-1.63 | $0.97 | ||
| Q2 25 | $1.80 | $0.97 | ||
| Q1 25 | $-0.05 | $0.51 | ||
| Q4 24 | $1.22 | $0.78 | ||
| Q3 24 | $1.48 | $1.02 | ||
| Q2 24 | $3.47 | $0.99 | ||
| Q1 24 | $0.79 | $0.50 |
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 | $406.7M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $910.1M |
| 总资产 | $23.4B | $1.4B |
| 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APTVCNXN
| Q4 25 | $1.9B | $406.7M | ||
| Q3 25 | $1.6B | $399.2M | ||
| Q2 25 | $1.4B | $346.1M | ||
| Q1 25 | $1.1B | $340.3M | ||
| Q4 24 | $1.6B | $442.6M | ||
| Q3 24 | $1.8B | $429.1M | ||
| Q2 24 | $2.2B | $385.8M | ||
| Q1 24 | $941.0M | $352.0M |
总债务APTVCNXN
| 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APTVCNXN
| Q4 25 | $9.2B | $910.1M | ||
| Q3 25 | $9.3B | $902.7M | ||
| Q2 25 | $9.7B | $884.8M | ||
| Q1 25 | $9.0B | $877.0M | ||
| Q4 24 | $8.8B | $911.0M | ||
| Q3 24 | $8.9B | $897.4M | ||
| Q2 24 | $11.5B | $874.9M | ||
| Q1 24 | $11.1B | $852.7M |
总资产APTVCNXN
| Q4 25 | $23.4B | $1.4B | ||
| Q3 25 | $23.5B | $1.3B | ||
| Q2 25 | $23.9B | $1.3B | ||
| Q1 25 | $23.1B | $1.2B | ||
| Q4 24 | $23.5B | $1.3B | ||
| Q3 24 | $24.8B | $1.3B | ||
| Q2 24 | $24.8B | $1.3B | ||
| Q1 24 | $23.6B | $1.2B |
负债/权益比APTVCNXN
| 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 | $27.4M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $25.2M |
| 自由现金流率自由现金流/营收 | 12.6% | 3.6% |
| 资本支出强度资本支出/营收 | 3.2% | 0.3% |
| 现金转化率经营现金流/净利润 | 5.93× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $58.0M |
8季度趋势，按日历期对齐
经营现金流APTVCNXN
| Q4 25 | $818.0M | $27.4M | ||
| Q3 25 | $584.0M | $64.1M | ||
| Q2 25 | $510.0M | $26.3M | ||
| Q1 25 | $273.0M | $-52.4M | ||
| Q4 24 | $1.1B | $25.2M | ||
| Q3 24 | $499.0M | $52.9M | ||
| Q2 24 | $643.0M | $38.4M | ||
| Q1 24 | $244.0M | $57.3M |
自由现金流APTVCNXN
| Q4 25 | $651.0M | $25.2M | ||
| Q3 25 | $441.0M | $62.3M | ||
| Q2 25 | $361.0M | $24.6M | ||
| Q1 25 | $76.0M | $-54.1M | ||
| Q4 24 | $894.0M | $22.9M | ||
| Q3 24 | $326.0M | $51.2M | ||
| Q2 24 | $417.0M | $36.6M | ||
| Q1 24 | $-21.0M | $55.7M |
自由现金流率APTVCNXN
| Q4 25 | 12.6% | 3.6% | ||
| Q3 25 | 8.5% | 8.8% | ||
| Q2 25 | 6.9% | 3.2% | ||
| Q1 25 | 1.6% | -7.7% | ||
| Q4 24 | 18.2% | 3.2% | ||
| Q3 24 | 6.7% | 7.1% | ||
| Q2 24 | 8.3% | 5.0% | ||
| Q1 24 | -0.4% | 8.8% |
资本支出强度APTVCNXN
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 2.9% | 0.2% | ||
| Q1 25 | 4.1% | 0.2% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 3.6% | 0.2% | ||
| Q2 24 | 4.5% | 0.2% | ||
| Q1 24 | 5.4% | 0.3% |
现金转化率APTVCNXN
| Q4 25 | 5.93× | 1.32× | ||
| Q3 25 | — | 2.59× | ||
| Q2 25 | 1.30× | 1.06× | ||
| Q1 25 | — | -3.89× | ||
| Q4 24 | 3.96× | 1.22× | ||
| Q3 24 | 1.37× | 1.96× | ||
| Q2 24 | 0.69× | 1.47× | ||
| Q1 24 | 1.12× | 4.35× |
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% |
CNXN
| Small And Medium Sized Businesses Segment | $273.5M | 39% |
| Notebooks And Mobility | $108.6M | 15% |
| Public Sector | $90.8M | 13% |
| Accessories | $46.4M | 7% |
| Desktops | $44.5M | 6% |
| Displays And Sounds | $37.1M | 5% |
| Software | $32.3M | 5% |
| Other Hardware And Services | $30.7M | 4% |
| Net And Com | $21.4M | 3% |
| Servers And Storage | $17.6M | 3% |
