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安波福（APTV）与HNI CORP（HNI）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HNI CORP的7.5倍（$5.2B vs $683.8M），HNI CORP净利率更高（6.0% vs 2.7%，领先3.3%），安波福同比增速更快（5.0% vs 1.7%），安波福自由现金流更多（$651.0M vs $135.6M），过去两年安波福的营收复合增速更高（2.5% vs 0.3%）
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。
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
APTV vs HNI — 直观对比
营收规模更大
APTV
是对方的7.5倍
$683.8M
营收增速更快
APTV
高出3.3%
1.7%
净利率更高
HNI
高出3.3%
2.7%
自由现金流更多
APTV
多$515.4M
$135.6M
两年增速更快
APTV
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $683.8M |
| 净利润 | $138.0M | $41.2M |
| 毛利率 | 18.7% | 42.1% |
| 营业利润率 | 8.2% | 9.4% |
| 净利率 | 2.7% | 6.0% |
| 营收同比 | 5.0% | 1.7% |
| 净利润同比 | -48.5% | -13.3% |
| 每股收益（稀释后） | $0.63 | $0.88 |
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APTVHNI
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $683.8M | ||
| Q2 25 | $5.2B | $667.1M | ||
| Q1 25 | $4.8B | $599.8M | ||
| Q4 24 | $4.9B | $642.5M | ||
| Q3 24 | $4.9B | $672.2M | ||
| Q2 24 | $5.1B | $623.7M | ||
| Q1 24 | $4.9B | $588.0M |
净利润APTVHNI
| Q4 25 | $138.0M | — | ||
| Q3 25 | $-355.0M | $41.2M | ||
| Q2 25 | $393.0M | $48.2M | ||
| Q1 25 | $-11.0M | $13.9M | ||
| Q4 24 | $268.0M | $38.3M | ||
| Q3 24 | $363.0M | $47.5M | ||
| Q2 24 | $938.0M | $36.0M | ||
| Q1 24 | $218.0M | $17.7M |
毛利率APTVHNI
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | 42.1% | ||
| Q2 25 | 19.1% | 42.9% | ||
| Q1 25 | 19.1% | 39.7% | ||
| Q4 24 | 19.6% | 40.5% | ||
| Q3 24 | 18.6% | 41.5% | ||
| Q2 24 | 19.2% | 41.9% | ||
| Q1 24 | 17.9% | 39.6% |
营业利润率APTVHNI
| Q4 25 | 8.2% | — | ||
| Q3 25 | -3.4% | 9.4% | ||
| Q2 25 | 9.3% | 10.2% | ||
| Q1 25 | 9.3% | 4.1% | ||
| Q4 24 | 9.8% | 8.5% | ||
| Q3 24 | 10.4% | 10.2% | ||
| Q2 24 | 8.7% | 8.6% | ||
| Q1 24 | 8.5% | 5.1% |
净利率APTVHNI
| Q4 25 | 2.7% | — | ||
| Q3 25 | -6.8% | 6.0% | ||
| Q2 25 | 7.5% | 7.2% | ||
| Q1 25 | -0.2% | 2.3% | ||
| Q4 24 | 5.5% | 6.0% | ||
| Q3 24 | 7.5% | 7.1% | ||
| Q2 24 | 18.6% | 5.8% | ||
| Q1 24 | 4.4% | 3.0% |
每股收益（稀释后）APTVHNI
| Q4 25 | $0.63 | — | ||
| Q3 25 | $-1.63 | $0.88 | ||
| Q2 25 | $1.80 | $1.02 | ||
| Q1 25 | $-0.05 | $0.29 | ||
| Q4 24 | $1.22 | $0.78 | ||
| Q3 24 | $1.48 | $0.98 | ||
| Q2 24 | $3.47 | $0.75 | ||
| Q1 24 | $0.79 | $0.37 |
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 | $28.1M |
| 总债务越低越好 | $7.5B | $324.2M |
| 股东权益账面价值 | $9.2B | $835.9M |
| 总资产 | $23.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资APTVHNI
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.6B | $28.1M | ||
| Q2 25 | $1.4B | $38.2M | ||
| Q1 25 | $1.1B | $27.5M | ||
| Q4 24 | $1.6B | $28.9M | ||
| Q3 24 | $1.8B | $40.2M | ||
| Q2 24 | $2.2B | $33.5M | ||
| Q1 24 | $941.0M | $32.5M |
总债务APTVHNI
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | $324.2M | ||
| Q2 25 | $7.8B | $444.4M | ||
| Q1 25 | $7.6B | $404.7M | ||
| Q4 24 | $7.8B | $344.6M | ||
| Q3 24 | $8.3B | $345.4M | ||
| Q2 24 | $5.5B | $462.3M | ||
| Q1 24 | $4.7B | $473.0M |
股东权益APTVHNI
| Q4 25 | $9.2B | — | ||
| Q3 25 | $9.3B | $835.9M | ||
| Q2 25 | $9.7B | $811.0M | ||
| Q1 25 | $9.0B | $803.6M | ||
| Q4 24 | $8.8B | $840.1M | ||
| Q3 24 | $8.9B | $846.6M | ||
| Q2 24 | $11.5B | $787.8M | ||
| Q1 24 | $11.1B | $771.5M |
总资产APTVHNI
| Q4 25 | $23.4B | — | ||
| Q3 25 | $23.5B | $1.8B | ||
| Q2 25 | $23.9B | $1.9B | ||
| Q1 25 | $23.1B | $1.9B | ||
| Q4 24 | $23.5B | $1.9B | ||
| Q3 24 | $24.8B | $1.9B | ||
| Q2 24 | $24.8B | $1.9B | ||
| Q1 24 | $23.6B | $1.9B |
负债/权益比APTVHNI
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | 0.39× | ||
| Q2 25 | 0.80× | 0.55× | ||
| Q1 25 | 0.85× | 0.50× | ||
| Q4 24 | 0.89× | 0.41× | ||
| Q3 24 | 0.93× | 0.41× | ||
| Q2 24 | 0.48× | 0.59× | ||
| Q1 24 | 0.42× | 0.61× |
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 | $155.2M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $135.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 19.8% |
| 资本支出强度资本支出/营收 | 3.2% | 2.9% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.77× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $189.5M |
8季度趋势，按日历期对齐
经营现金流APTVHNI
| Q4 25 | $818.0M | — | ||
| Q3 25 | $584.0M | $155.2M | ||
| Q2 25 | $510.0M | $31.1M | ||
| Q1 25 | $273.0M | $12.6M | ||
| Q4 24 | $1.1B | $51.2M | ||
| Q3 24 | $499.0M | $128.5M | ||
| Q2 24 | $643.0M | $51.3M | ||
| Q1 24 | $244.0M | $-4.3M |
自由现金流APTVHNI
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | $135.6M | ||
| Q2 25 | $361.0M | $16.1M | ||
| Q1 25 | $76.0M | $-3.7M | ||
| Q4 24 | $894.0M | $41.5M | ||
| Q3 24 | $326.0M | $114.0M | ||
| Q2 24 | $417.0M | $33.8M | ||
| Q1 24 | $-21.0M | $-15.5M |
自由现金流率APTVHNI
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | 19.8% | ||
| Q2 25 | 6.9% | 2.4% | ||
| Q1 25 | 1.6% | -0.6% | ||
| Q4 24 | 18.2% | 6.5% | ||
| Q3 24 | 6.7% | 17.0% | ||
| Q2 24 | 8.3% | 5.4% | ||
| Q1 24 | -0.4% | -2.6% |
资本支出强度APTVHNI
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 2.9% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 4.1% | 2.7% | ||
| Q4 24 | 3.4% | 1.5% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 4.5% | 2.8% | ||
| Q1 24 | 5.4% | 1.9% |
现金转化率APTVHNI
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 3.77× | ||
| Q2 25 | 1.30× | 0.65× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 3.96× | 1.34× | ||
| Q3 24 | 1.37× | 2.71× | ||
| Q2 24 | 0.69× | 1.43× | ||
| Q1 24 | 1.12× | -0.24× |
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% |
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
