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安波福（APTV）与康宝莱（HLF）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康宝莱的4.0倍（$5.2B vs $1.3B）。康宝莱净利率更高（6.7% vs 2.7%，领先4.0%）。康宝莱同比增速更快（6.3% vs 5.0%）。安波福自由现金流更多（$651.0M vs $79.8M）。过去两年安波福的营收复合增速更高（2.5% vs 0.7%）
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。
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
APTV vs HLF — 直观对比
营收规模更大
APTV
是对方的4.0倍
$1.3B
营收增速更快
HLF
高出1.2%
5.0%
净利率更高
HLF
高出4.0%
2.7%
自由现金流更多
APTV
多$571.2M
$79.8M
两年增速更快
APTV
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $1.3B |
| 净利润 | $138.0M | $85.4M |
| 毛利率 | 18.7% | 77.5% |
| 营业利润率 | 8.2% | 7.8% |
| 净利率 | 2.7% | 6.7% |
| 营收同比 | 5.0% | 6.3% |
| 净利润同比 | -48.5% | -52.0% |
| 每股收益（稀释后） | $0.63 | $0.81 |
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APTVHLF
| Q4 25 | $5.2B | $1.3B | ||
| Q3 25 | $5.2B | $1.3B | ||
| Q2 25 | $5.2B | $1.3B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.9B | $1.2B | ||
| Q3 24 | $4.9B | $1.2B | ||
| Q2 24 | $5.1B | $1.3B | ||
| Q1 24 | $4.9B | $1.3B |
净利润APTVHLF
| Q4 25 | $138.0M | $85.4M | ||
| Q3 25 | $-355.0M | $43.2M | ||
| Q2 25 | $393.0M | $49.3M | ||
| Q1 25 | $-11.0M | $50.4M | ||
| Q4 24 | $268.0M | $177.9M | ||
| Q3 24 | $363.0M | $47.4M | ||
| Q2 24 | $938.0M | $4.7M | ||
| Q1 24 | $218.0M | $24.3M |
毛利率APTVHLF
| Q4 25 | 18.7% | 77.5% | ||
| Q3 25 | 19.5% | 77.7% | ||
| Q2 25 | 19.1% | 78.0% | ||
| Q1 25 | 19.1% | 78.3% | ||
| Q4 24 | 19.6% | 77.8% | ||
| Q3 24 | 18.6% | 78.3% | ||
| Q2 24 | 19.2% | 77.9% | ||
| Q1 24 | 17.9% | 77.5% |
营业利润率APTVHLF
| Q4 25 | 8.2% | 7.8% | ||
| Q3 25 | -3.4% | 9.9% | ||
| Q2 25 | 9.3% | 10.5% | ||
| Q1 25 | 9.3% | 10.1% | ||
| Q4 24 | 9.8% | 8.8% | ||
| Q3 24 | 10.4% | 10.2% | ||
| Q2 24 | 8.7% | 6.3% | ||
| Q1 24 | 8.5% | 5.7% |
净利率APTVHLF
| Q4 25 | 2.7% | 6.7% | ||
| Q3 25 | -6.8% | 3.4% | ||
| Q2 25 | 7.5% | 3.9% | ||
| Q1 25 | -0.2% | 4.1% | ||
| Q4 24 | 5.5% | 14.7% | ||
| Q3 24 | 7.5% | 3.8% | ||
| Q2 24 | 18.6% | 0.4% | ||
| Q1 24 | 4.4% | 1.9% |
每股收益（稀释后）APTVHLF
| Q4 25 | $0.63 | $0.81 | ||
| Q3 25 | $-1.63 | $0.42 | ||
| Q2 25 | $1.80 | $0.48 | ||
| Q1 25 | $-0.05 | $0.49 | ||
| Q4 24 | $1.22 | $1.75 | ||
| Q3 24 | $1.48 | $0.46 | ||
| Q2 24 | $3.47 | $0.05 | ||
| Q1 24 | $0.79 | $0.24 |
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 | $353.1M |
| 总债务越低越好 | $7.5B | $2.0B |
| 股东权益账面价值 | $9.2B | $-515.1M |
| 总资产 | $23.4B | $2.8B |
| 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APTVHLF
| Q4 25 | $1.9B | $353.1M | ||
| Q3 25 | $1.6B | $305.5M | ||
| Q2 25 | $1.4B | $320.9M | ||
| Q1 25 | $1.1B | $329.4M | ||
| Q4 24 | $1.6B | $415.3M | ||
| Q3 24 | $1.8B | $402.5M | ||
| Q2 24 | $2.2B | $374.0M | ||
| Q1 24 | $941.0M | $398.3M |
总债务APTVHLF
| Q4 25 | $7.5B | $2.0B | ||
| Q3 25 | $7.6B | $2.0B | ||
| Q2 25 | $7.8B | $2.1B | ||
| Q1 25 | $7.6B | $2.2B | ||
| Q4 24 | $7.8B | $2.3B | ||
| Q3 24 | $8.3B | $2.3B | ||
| Q2 24 | $5.5B | $2.3B | ||
| Q1 24 | $4.7B | $2.4B |
股东权益APTVHLF
| Q4 25 | $9.2B | $-515.1M | ||
| Q3 25 | $9.3B | $-612.0M | ||
| Q2 25 | $9.7B | $-660.5M | ||
| Q1 25 | $9.0B | $-736.0M | ||
| Q4 24 | $8.8B | $-801.1M | ||
| Q3 24 | $8.9B | $-954.2M | ||
| Q2 24 | $11.5B | $-1.0B | ||
| Q1 24 | $11.1B | $-1.0B |
总资产APTVHLF
| Q4 25 | $23.4B | $2.8B | ||
| Q3 25 | $23.5B | $2.7B | ||
| Q2 25 | $23.9B | $2.7B | ||
| Q1 25 | $23.1B | $2.7B | ||
| Q4 24 | $23.5B | $2.7B | ||
| Q3 24 | $24.8B | $2.7B | ||
| Q2 24 | $24.8B | $2.6B | ||
| Q1 24 | $23.6B | $2.6B |
负债/权益比APTVHLF
| 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 | $98.3M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $79.8M |
| 自由现金流率自由现金流/营收 | 12.6% | 6.2% |
| 资本支出强度资本支出/营收 | 3.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.93× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $252.9M |
8季度趋势，按日历期对齐
经营现金流APTVHLF
| Q4 25 | $818.0M | $98.3M | ||
| Q3 25 | $584.0M | $138.8M | ||
| Q2 25 | $510.0M | $96.0M | ||
| Q1 25 | $273.0M | $200.0K | ||
| Q4 24 | $1.1B | $69.6M | ||
| Q3 24 | $499.0M | $99.5M | ||
| Q2 24 | $643.0M | $102.5M | ||
| Q1 24 | $244.0M | $13.8M |
自由现金流APTVHLF
| Q4 25 | $651.0M | $79.8M | ||
| Q3 25 | $441.0M | $118.0M | ||
| Q2 25 | $361.0M | $73.2M | ||
| Q1 25 | $76.0M | $-18.1M | ||
| Q4 24 | $894.0M | $43.9M | ||
| Q3 24 | $326.0M | $72.4M | ||
| Q2 24 | $417.0M | $66.2M | ||
| Q1 24 | $-21.0M | $-19.1M |
自由现金流率APTVHLF
| Q4 25 | 12.6% | 6.2% | ||
| Q3 25 | 8.5% | 9.3% | ||
| Q2 25 | 6.9% | 5.8% | ||
| Q1 25 | 1.6% | -1.5% | ||
| Q4 24 | 18.2% | 3.6% | ||
| Q3 24 | 6.7% | 5.8% | ||
| Q2 24 | 8.3% | 5.2% | ||
| Q1 24 | -0.4% | -1.5% |
资本支出强度APTVHLF
| Q4 25 | 3.2% | 1.4% | ||
| Q3 25 | 2.7% | 1.6% | ||
| Q2 25 | 2.9% | 1.8% | ||
| Q1 25 | 4.1% | 1.5% | ||
| Q4 24 | 3.4% | 2.1% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 4.5% | 2.8% | ||
| Q1 24 | 5.4% | 2.6% |
现金转化率APTVHLF
| Q4 25 | 5.93× | 1.15× | ||
| Q3 25 | — | 3.21× | ||
| Q2 25 | 1.30× | 1.95× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 3.96× | 0.39× | ||
| Q3 24 | 1.37× | 2.10× | ||
| Q2 24 | 0.69× | 21.81× | ||
| Q1 24 | 1.12× | 0.57× |
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% |
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
