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安波福（APTV）与汉美驰（HBB）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汉美驰的24.2倍（$5.2B vs $212.9M）。汉美驰净利率更高（8.7% vs 2.7%，领先6.0%）。安波福同比增速更快（5.0% vs -0.3%）。安波福自由现金流更多（$651.0M vs $27.9M）。过去两年汉美驰的营收复合增速更高（28.8% 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。
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
APTV vs HBB — 直观对比
营收规模更大
APTV
是对方的24.2倍
$212.9M
营收增速更快
APTV
高出5.3%
-0.3%
净利率更高
HBB
高出6.0%
2.7%
自由现金流更多
APTV
多$623.1M
$27.9M
两年增速更快
HBB
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $212.9M |
| 净利润 | $138.0M | $18.5M |
| 毛利率 | 18.7% | 28.3% |
| 营业利润率 | 8.2% | 11.9% |
| 净利率 | 2.7% | 8.7% |
| 营收同比 | 5.0% | -0.3% |
| 净利润同比 | -48.5% | -22.7% |
| 每股收益（稀释后） | $0.63 | $1.37 |
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APTVHBB
| Q4 25 | $5.2B | $212.9M | ||
| Q3 25 | $5.2B | $132.8M | ||
| Q2 25 | $5.2B | $127.8M | ||
| Q1 25 | $4.8B | $133.4M | ||
| Q4 24 | $4.9B | $213.5M | ||
| Q3 24 | $4.9B | $156.7M | ||
| Q2 24 | $5.1B | $156.2M | ||
| Q1 24 | $4.9B | $128.3M |
净利润APTVHBB
| Q4 25 | $138.0M | $18.5M | ||
| Q3 25 | $-355.0M | $1.7M | ||
| Q2 25 | $393.0M | $4.5M | ||
| Q1 25 | $-11.0M | $1.8M | ||
| Q4 24 | $268.0M | $24.0M | ||
| Q3 24 | $363.0M | $1.9M | ||
| Q2 24 | $938.0M | $6.0M | ||
| Q1 24 | $218.0M | $-1.2M |
毛利率APTVHBB
| Q4 25 | 18.7% | 28.3% | ||
| Q3 25 | 19.5% | 21.1% | ||
| Q2 25 | 19.1% | 27.5% | ||
| Q1 25 | 19.1% | 24.6% | ||
| Q4 24 | 19.6% | 26.1% | ||
| Q3 24 | 18.6% | 28.0% | ||
| Q2 24 | 19.2% | 25.9% | ||
| Q1 24 | 17.9% | 23.4% |
营业利润率APTVHBB
| Q4 25 | 8.2% | 11.9% | ||
| Q3 25 | -3.4% | 2.2% | ||
| Q2 25 | 9.3% | 4.7% | ||
| Q1 25 | 9.3% | 1.7% | ||
| Q4 24 | 9.8% | 11.0% | ||
| Q3 24 | 10.4% | 6.8% | ||
| Q2 24 | 8.7% | 6.4% | ||
| Q1 24 | 8.5% | -0.7% |
净利率APTVHBB
| Q4 25 | 2.7% | 8.7% | ||
| Q3 25 | -6.8% | 1.2% | ||
| Q2 25 | 7.5% | 3.5% | ||
| Q1 25 | -0.2% | 1.4% | ||
| Q4 24 | 5.5% | 11.2% | ||
| Q3 24 | 7.5% | 1.2% | ||
| Q2 24 | 18.6% | 3.8% | ||
| Q1 24 | 4.4% | -0.9% |
每股收益（稀释后）APTVHBB
| Q4 25 | $0.63 | $1.37 | ||
| Q3 25 | $-1.63 | $0.12 | ||
| Q2 25 | $1.80 | $0.33 | ||
| Q1 25 | $-0.05 | $0.13 | ||
| Q4 24 | $1.22 | $1.72 | ||
| Q3 24 | $1.48 | $0.14 | ||
| Q2 24 | $3.47 | $0.42 | ||
| 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 | $47.3M |
| 总债务越低越好 | $7.5B | $50.0M |
| 股东权益账面价值 | $9.2B | $182.8M |
| 总资产 | $23.4B | $397.6M |
| 负债/权益比越低杠杆越低 | 0.81× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资APTVHBB
| Q4 25 | $1.9B | $47.3M | ||
| Q3 25 | $1.6B | $17.2M | ||
| Q2 25 | $1.4B | $11.3M | ||
| Q1 25 | $1.1B | $48.3M | ||
| Q4 24 | $1.6B | $45.6M | ||
| Q3 24 | $1.8B | $22.6M | ||
| Q2 24 | $2.2B | $37.2M | ||
| Q1 24 | $941.0M | $26.3M |
总债务APTVHBB
| Q4 25 | $7.5B | $50.0M | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | $50.0M | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVHBB
| Q4 25 | $9.2B | $182.8M | ||
| Q3 25 | $9.3B | $164.0M | ||
| Q2 25 | $9.7B | $164.0M | ||
| Q1 25 | $9.0B | $163.2M | ||
| Q4 24 | $8.8B | $165.9M | ||
| Q3 24 | $8.9B | $150.0M | ||
| Q2 24 | $11.5B | $145.7M | ||
| Q1 24 | $11.1B | $145.4M |
总资产APTVHBB
| Q4 25 | $23.4B | $397.6M | ||
| Q3 25 | $23.5B | $392.4M | ||
| Q2 25 | $23.9B | $363.8M | ||
| Q1 25 | $23.1B | $418.0M | ||
| Q4 24 | $23.5B | $415.1M | ||
| Q3 24 | $24.8B | $408.7M | ||
| Q2 24 | $24.8B | $369.9M | ||
| Q1 24 | $23.6B | $368.9M |
负债/权益比APTVHBB
| Q4 25 | 0.81× | 0.27× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | 0.30× | ||
| 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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $27.9M |
| 自由现金流率自由现金流/营收 | 12.6% | 13.1% |
| 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× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $11.0M |
8季度趋势，按日历期对齐
经营现金流APTVHBB
| Q4 25 | $818.0M | $28.5M | ||
| Q3 25 | $584.0M | $9.1M | ||
| Q2 25 | $510.0M | $-30.4M | ||
| Q1 25 | $273.0M | $6.6M | ||
| Q4 24 | $1.1B | $30.2M | ||
| Q3 24 | $499.0M | $-1.9M | ||
| Q2 24 | $643.0M | $17.4M | ||
| Q1 24 | $244.0M | $19.7M |
自由现金流APTVHBB
| Q4 25 | $651.0M | $27.9M | ||
| Q3 25 | $441.0M | $8.4M | ||
| Q2 25 | $361.0M | $-31.3M | ||
| Q1 25 | $76.0M | $6.1M | ||
| Q4 24 | $894.0M | $29.4M | ||
| Q3 24 | $326.0M | $-2.7M | ||
| Q2 24 | $417.0M | $16.8M | ||
| Q1 24 | $-21.0M | $18.8M |
自由现金流率APTVHBB
| Q4 25 | 12.6% | 13.1% | ||
| Q3 25 | 8.5% | 6.3% | ||
| Q2 25 | 6.9% | -24.5% | ||
| Q1 25 | 1.6% | 4.6% | ||
| Q4 24 | 18.2% | 13.8% | ||
| Q3 24 | 6.7% | -1.7% | ||
| Q2 24 | 8.3% | 10.7% | ||
| Q1 24 | -0.4% | 14.6% |
资本支出强度APTVHBB
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 2.7% | 0.6% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 4.1% | 0.4% | ||
| Q4 24 | 3.4% | 0.4% | ||
| Q3 24 | 3.6% | 0.5% | ||
| Q2 24 | 4.5% | 0.4% | ||
| Q1 24 | 5.4% | 0.7% |
现金转化率APTVHBB
| Q4 25 | 5.93× | 1.53× | ||
| Q3 25 | — | 5.52× | ||
| Q2 25 | 1.30× | -6.83× | ||
| Q1 25 | — | 3.67× | ||
| Q4 24 | 3.96× | 1.26× | ||
| Q3 24 | 1.37× | -0.98× | ||
| Q2 24 | 0.69× | 2.90× | ||
| Q1 24 | 1.12× | — |
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% |
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
