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安波福（APTV）与艺康（ECL）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艺康的1.3倍（$5.2B vs $4.1B），艺康净利率更高（10.6% vs 2.7%，领先8.0%），艺康同比增速更快（10.0% vs 5.0%），过去两年安波福的营收复合增速更高（2.5% vs 1.0%）
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。
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
APTV vs ECL — 直观对比
营收规模更大
APTV
是对方的1.3倍
$4.1B
营收增速更快
ECL
高出5.0%
5.0%
净利率更高
ECL
高出8.0%
2.7%
两年增速更快
APTV
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.1B |
| 净利润 | $138.0M | $432.6M |
| 毛利率 | 18.7% | — |
| 营业利润率 | 8.2% | 15.3% |
| 净利率 | 2.7% | 10.6% |
| 营收同比 | 5.0% | 10.0% |
| 净利润同比 | -48.5% | 1.3% |
| 每股收益（稀释后） | $0.63 | $1.52 |
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APTVECL
| Q2 26 | — | $4.1B | ||
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.2B | $4.2B | ||
| Q2 25 | $5.2B | $4.0B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $4.9B | $4.0B | ||
| Q3 24 | $4.9B | $4.0B | ||
| Q2 24 | $5.1B | $4.0B |
净利润APTVECL
| Q2 26 | — | $432.6M | ||
| Q4 25 | $138.0M | $563.9M | ||
| Q3 25 | $-355.0M | $585.0M | ||
| Q2 25 | $393.0M | $524.2M | ||
| Q1 25 | $-11.0M | $402.5M | ||
| Q4 24 | $268.0M | $472.9M | ||
| Q3 24 | $363.0M | $736.5M | ||
| Q2 24 | $938.0M | $490.9M |
毛利率APTVECL
| Q2 26 | — | — | ||
| Q4 25 | 18.7% | 44.0% | ||
| Q3 25 | 19.5% | 44.8% | ||
| Q2 25 | 19.1% | 44.8% | ||
| Q1 25 | 19.1% | 44.2% | ||
| Q4 24 | 19.6% | 43.3% | ||
| Q3 24 | 18.6% | 43.4% | ||
| Q2 24 | 19.2% | 43.8% |
营业利润率APTVECL
| Q2 26 | — | 15.3% | ||
| Q4 25 | 8.2% | 17.0% | ||
| Q3 25 | -3.4% | 18.3% | ||
| Q2 25 | 9.3% | 17.6% | ||
| Q1 25 | 9.3% | 15.0% | ||
| Q4 24 | 9.8% | 14.6% | ||
| Q3 24 | 10.4% | 26.1% | ||
| Q2 24 | 8.7% | 16.5% |
净利率APTVECL
| Q2 26 | — | 10.6% | ||
| Q4 25 | 2.7% | 13.4% | ||
| Q3 25 | -6.8% | 14.0% | ||
| Q2 25 | 7.5% | 13.0% | ||
| Q1 25 | -0.2% | 10.9% | ||
| Q4 24 | 5.5% | 11.8% | ||
| Q3 24 | 7.5% | 18.4% | ||
| Q2 24 | 18.6% | 12.3% |
每股收益（稀释后）APTVECL
| Q2 26 | — | $1.52 | ||
| Q4 25 | $0.63 | $1.98 | ||
| Q3 25 | $-1.63 | $2.05 | ||
| Q2 25 | $1.80 | $1.84 | ||
| Q1 25 | $-0.05 | $1.41 | ||
| Q4 24 | $1.22 | $1.65 | ||
| Q3 24 | $1.48 | $2.58 | ||
| Q2 24 | $3.47 | $1.71 |
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 | $519.8K |
| 总债务越低越好 | $7.5B | $8.5M |
| 股东权益账面价值 | $9.2B | $10.0M |
| 总资产 | $23.4B | $25.0M |
| 负债/权益比越低杠杆越低 | 0.81× | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资APTVECL
| Q2 26 | — | $519.8K | ||
| Q4 25 | $1.9B | $646.2M | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $2.2B | $384.0M |
总债务APTVECL
| Q2 26 | — | $8.5M | ||
| Q4 25 | $7.5B | $7.4B | ||
| Q3 25 | $7.6B | $8.1B | ||
| Q2 25 | $7.8B | $7.5B | ||
| Q1 25 | $7.6B | $7.0B | ||
| Q4 24 | $7.8B | $6.9B | ||
| Q3 24 | $8.3B | $7.0B | ||
| Q2 24 | $5.5B | $7.5B |
股东权益APTVECL
| Q2 26 | — | $10.0M | ||
| Q4 25 | $9.2B | $9.8B | ||
| Q3 25 | $9.3B | $9.7B | ||
| Q2 25 | $9.7B | $9.3B | ||
| Q1 25 | $9.0B | $8.9B | ||
| Q4 24 | $8.8B | $8.8B | ||
| Q3 24 | $8.9B | $8.5B | ||
| Q2 24 | $11.5B | $8.3B |
总资产APTVECL
| Q2 26 | — | $25.0M | ||
| Q4 25 | $23.4B | $24.7B | ||
| Q3 25 | $23.5B | $23.9B | ||
| Q2 25 | $23.9B | $23.7B | ||
| Q1 25 | $23.1B | $22.4B | ||
| Q4 24 | $23.5B | $22.4B | ||
| Q3 24 | $24.8B | $22.1B | ||
| Q2 24 | $24.8B | $21.5B |
负债/权益比APTVECL
| Q2 26 | — | 0.85× | ||
| Q4 25 | 0.81× | 0.75× | ||
| Q3 25 | 0.82× | 0.83× | ||
| Q2 25 | 0.80× | 0.81× | ||
| Q1 25 | 0.85× | 0.79× | ||
| Q4 24 | 0.89× | 0.79× | ||
| Q3 24 | 0.93× | 0.82× | ||
| Q2 24 | 0.48× | 0.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $651.0M | — |
| 自由现金流率自由现金流/营收 | 12.6% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 5.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流APTVECL
| Q2 26 | — | — | ||
| Q4 25 | $818.0M | $1.1B | ||
| Q3 25 | $584.0M | $791.3M | ||
| Q2 25 | $510.0M | $701.8M | ||
| Q1 25 | $273.0M | $369.4M | ||
| Q4 24 | $1.1B | $766.7M | ||
| Q3 24 | $499.0M | $786.7M | ||
| Q2 24 | $643.0M | $611.1M |
自由现金流APTVECL
| Q2 26 | — | — | ||
| Q4 25 | $651.0M | $758.0M | ||
| Q3 25 | $441.0M | $529.7M | ||
| Q2 25 | $361.0M | $485.1M | ||
| Q1 25 | $76.0M | $131.5M | ||
| Q4 24 | $894.0M | $407.0M | ||
| Q3 24 | $326.0M | $550.3M | ||
| Q2 24 | $417.0M | $414.2M |
自由现金流率APTVECL
| Q2 26 | — | — | ||
| Q4 25 | 12.6% | 18.1% | ||
| Q3 25 | 8.5% | 12.7% | ||
| Q2 25 | 6.9% | 12.1% | ||
| Q1 25 | 1.6% | 3.6% | ||
| Q4 24 | 18.2% | 10.2% | ||
| Q3 24 | 6.7% | 13.8% | ||
| Q2 24 | 8.3% | 10.4% |
资本支出强度APTVECL
| Q2 26 | — | — | ||
| Q4 25 | 3.2% | 7.9% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 2.9% | 5.4% | ||
| Q1 25 | 4.1% | 6.4% | ||
| Q4 24 | 3.4% | 9.0% | ||
| Q3 24 | 3.6% | 5.9% | ||
| Q2 24 | 4.5% | 4.9% |
现金转化率APTVECL
| Q2 26 | — | — | ||
| Q4 25 | 5.93× | 1.93× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | 1.30× | 1.34× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 3.96× | 1.62× | ||
| Q3 24 | 1.37× | 1.07× | ||
| Q2 24 | 0.69× | 1.24× |
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% |
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
