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安波福（APTV）与Hilton Grand Vacations Inc.（HGV）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Hilton Grand Vacations Inc.的4.3倍（$5.2B vs $1.2B）。Hilton Grand Vacations Inc.净利率更高（4.0% vs 2.7%，领先1.3%）。安波福同比增速更快（5.0% vs 3.7%）。安波福自由现金流更多（$651.0M vs $147.0M）。过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% 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。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
APTV vs HGV — 直观对比
营收规模更大
APTV
是对方的4.3倍
$1.2B
营收增速更快
APTV
高出1.3%
3.7%
净利率更高
HGV
高出1.3%
2.7%
自由现金流更多
APTV
多$504.0M
$147.0M
两年增速更快
HGV
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 | $48.0M |
| 毛利率 | 18.7% | — |
| 营业利润率 | 8.2% | 7.8% |
| 净利率 | 2.7% | 4.0% |
| 营收同比 | 5.0% | 3.7% |
| 净利润同比 | -48.5% | 140.0% |
| 每股收益（稀释后） | $0.63 | $0.53 |
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APTVHGV
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $4.8B | $1.0B | ||
| Q4 24 | $4.9B | $1.1B | ||
| Q3 24 | $4.9B | $1.2B | ||
| Q2 24 | $5.1B | $1.1B | ||
| Q1 24 | $4.9B | $1.0B |
净利润APTVHGV
| Q4 25 | $138.0M | $48.0M | ||
| Q3 25 | $-355.0M | $25.0M | ||
| Q2 25 | $393.0M | $25.0M | ||
| Q1 25 | $-11.0M | $-17.0M | ||
| Q4 24 | $268.0M | $20.0M | ||
| Q3 24 | $363.0M | $29.0M | ||
| Q2 24 | $938.0M | $2.0M | ||
| Q1 24 | $218.0M | $-4.0M |
毛利率APTVHGV
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 17.9% | — |
营业利润率APTVHGV
| Q4 25 | 8.2% | 7.8% | ||
| Q3 25 | -3.4% | 3.9% | ||
| Q2 25 | 9.3% | 3.8% | ||
| Q1 25 | 9.3% | -0.6% | ||
| Q4 24 | 9.8% | 4.3% | ||
| Q3 24 | 10.4% | 7.9% | ||
| Q2 24 | 8.7% | 0.6% | ||
| Q1 24 | 8.5% | -1.3% |
净利率APTVHGV
| Q4 25 | 2.7% | 4.0% | ||
| Q3 25 | -6.8% | 2.1% | ||
| Q2 25 | 7.5% | 2.2% | ||
| Q1 25 | -0.2% | -1.7% | ||
| Q4 24 | 5.5% | 1.7% | ||
| Q3 24 | 7.5% | 2.5% | ||
| Q2 24 | 18.6% | 0.2% | ||
| Q1 24 | 4.4% | -0.4% |
每股收益（稀释后）APTVHGV
| Q4 25 | $0.63 | $0.53 | ||
| Q3 25 | $-1.63 | $0.28 | ||
| Q2 25 | $1.80 | $0.25 | ||
| Q1 25 | $-0.05 | $-0.17 | ||
| Q4 24 | $1.22 | $0.19 | ||
| Q3 24 | $1.48 | $0.28 | ||
| Q2 24 | $3.47 | $0.02 | ||
| Q1 24 | $0.79 | $-0.04 |
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 | $239.0M |
| 总债务越低越好 | $7.5B | $4.5B |
| 股东权益账面价值 | $9.2B | $1.3B |
| 总资产 | $23.4B | $11.5B |
| 负债/权益比越低杠杆越低 | 0.81× | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资APTVHGV
| Q4 25 | $1.9B | $239.0M | ||
| Q3 25 | $1.6B | $215.0M | ||
| Q2 25 | $1.4B | $269.0M | ||
| Q1 25 | $1.1B | $259.0M | ||
| Q4 24 | $1.6B | $328.0M | ||
| Q3 24 | $1.8B | $297.0M | ||
| Q2 24 | $2.2B | $328.0M | ||
| Q1 24 | $941.0M | $355.0M |
总债务APTVHGV
| Q4 25 | $7.5B | $4.5B | ||
| Q3 25 | $7.6B | $4.7B | ||
| Q2 25 | $7.8B | $4.6B | ||
| Q1 25 | $7.6B | $4.5B | ||
| Q4 24 | $7.8B | $4.6B | ||
| Q3 24 | $8.3B | $5.0B | ||
| Q2 24 | $5.5B | $4.9B | ||
| Q1 24 | $4.7B | $5.1B |
股东权益APTVHGV
| Q4 25 | $9.2B | $1.3B | ||
| Q3 25 | $9.3B | $1.4B | ||
| Q2 25 | $9.7B | $1.5B | ||
| Q1 25 | $9.0B | $1.6B | ||
| Q4 24 | $8.8B | $1.8B | ||
| Q3 24 | $8.9B | $1.8B | ||
| Q2 24 | $11.5B | $1.9B | ||
| Q1 24 | $11.1B | $2.0B |
总资产APTVHGV
| Q4 25 | $23.4B | $11.5B | ||
| Q3 25 | $23.5B | $11.7B | ||
| Q2 25 | $23.9B | $11.7B | ||
| Q1 25 | $23.1B | $11.8B | ||
| Q4 24 | $23.5B | $11.4B | ||
| Q3 24 | $24.8B | $11.2B | ||
| Q2 24 | $24.8B | $11.5B | ||
| Q1 24 | $23.6B | $11.7B |
负债/权益比APTVHGV
| Q4 25 | 0.81× | 3.53× | ||
| Q3 25 | 0.82× | 3.41× | ||
| Q2 25 | 0.80× | 3.07× | ||
| Q1 25 | 0.85× | 2.83× | ||
| Q4 24 | 0.89× | 2.63× | ||
| Q3 24 | 0.93× | 2.73× | ||
| Q2 24 | 0.48× | 2.55× | ||
| Q1 24 | 0.42× | 2.57× |
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 | $167.0M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $147.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 12.3% |
| 资本支出强度资本支出/营收 | 3.2% | 1.7% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.48× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $230.0M |
8季度趋势，按日历期对齐
经营现金流APTVHGV
| Q4 25 | $818.0M | $167.0M | ||
| Q3 25 | $584.0M | $34.0M | ||
| Q2 25 | $510.0M | $61.0M | ||
| Q1 25 | $273.0M | $38.0M | ||
| Q4 24 | $1.1B | $105.0M | ||
| Q3 24 | $499.0M | $91.0M | ||
| Q2 24 | $643.0M | $113.0M | ||
| Q1 24 | $244.0M | $0 |
自由现金流APTVHGV
| Q4 25 | $651.0M | $147.0M | ||
| Q3 25 | $441.0M | $13.0M | ||
| Q2 25 | $361.0M | $46.0M | ||
| Q1 25 | $76.0M | $24.0M | ||
| Q4 24 | $894.0M | $90.0M | ||
| Q3 24 | $326.0M | $81.0M | ||
| Q2 24 | $417.0M | $106.0M | ||
| Q1 24 | $-21.0M | — |
自由现金流率APTVHGV
| Q4 25 | 12.6% | 12.3% | ||
| Q3 25 | 8.5% | 1.1% | ||
| Q2 25 | 6.9% | 4.0% | ||
| Q1 25 | 1.6% | 2.4% | ||
| Q4 24 | 18.2% | 7.8% | ||
| Q3 24 | 6.7% | 6.9% | ||
| Q2 24 | 8.3% | 9.6% | ||
| Q1 24 | -0.4% | — |
资本支出强度APTVHGV
| Q4 25 | 3.2% | 1.7% | ||
| Q3 25 | 2.7% | 1.8% | ||
| Q2 25 | 2.9% | 1.3% | ||
| Q1 25 | 4.1% | 1.4% | ||
| Q4 24 | 3.4% | 1.3% | ||
| Q3 24 | 3.6% | 0.9% | ||
| Q2 24 | 4.5% | 0.6% | ||
| Q1 24 | 5.4% | 1.0% |
现金转化率APTVHGV
| Q4 25 | 5.93× | 3.48× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 1.30× | 2.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.96× | 5.25× | ||
| Q3 24 | 1.37× | 3.14× | ||
| Q2 24 | 0.69× | 56.50× | ||
| 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% |
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Interest Income Revenue | $125.0M | 10% |
| Resort Management | $118.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
