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安波福（APTV）与霍尼韦尔（HON）财务数据对比。点击上方公司名可切换其他公司
霍尼韦尔的季度营收约是安波福的1.8倍（$9.1B vs $5.2B），霍尼韦尔净利率更高（8.7% vs 2.7%，领先6.0%），安波福同比增速更快（5.0% vs 2.0%），安波福自由现金流更多（$651.0M vs $56.0M），过去两年安波福的营收复合增速更高（2.5% vs -2.3%）
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。
霍尼韦尔国际是总部位于美国北卡罗来纳州夏洛特的上市跨国集团，位列2023年《财富》世界500强第115位。核心业务覆盖航空航天、楼宇自动化、工业自动化、能源与可持续发展解决方案四大领域，还受美国能源部委托运营桑迪亚国家实验室。
APTV vs HON — 直观对比
营收规模更大
HON
是对方的1.8倍
$5.2B
营收增速更快
APTV
高出3.0%
2.0%
净利率更高
HON
高出6.0%
2.7%
自由现金流更多
APTV
多$595.0M
$56.0M
两年增速更快
APTV
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $9.1B |
| 净利润 | $138.0M | $795.0M |
| 毛利率 | 18.7% | — |
| 营业利润率 | 8.2% | 16.1% |
| 净利率 | 2.7% | 8.7% |
| 营收同比 | 5.0% | 2.0% |
| 净利润同比 | -48.5% | -45.8% |
| 每股收益（稀释后） | $0.63 | $1.29 |
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APTVHON
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.2B | $6.9B | ||
| Q3 25 | $5.2B | $10.4B | ||
| Q2 25 | $5.2B | $10.4B | ||
| Q1 25 | $4.8B | $9.8B | ||
| Q4 24 | $4.9B | $10.1B | ||
| Q3 24 | $4.9B | $9.7B | ||
| Q2 24 | $5.1B | $9.6B |
净利润APTVHON
| Q1 26 | — | $795.0M | ||
| Q4 25 | $138.0M | $-115.0M | ||
| Q3 25 | $-355.0M | $1.8B | ||
| Q2 25 | $393.0M | $1.6B | ||
| Q1 25 | $-11.0M | $1.4B | ||
| Q4 24 | $268.0M | $1.3B | ||
| Q3 24 | $363.0M | $1.4B | ||
| Q2 24 | $938.0M | $1.5B |
毛利率APTVHON
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 36.1% | ||
| Q3 25 | 19.5% | 31.1% | ||
| Q2 25 | 19.1% | 35.4% | ||
| Q1 25 | 19.1% | 35.2% | ||
| Q4 24 | 19.6% | 36.4% | ||
| Q3 24 | 18.6% | 35.1% | ||
| Q2 24 | 19.2% | 35.0% |
营业利润率APTVHON
| Q1 26 | — | 16.1% | ||
| Q4 25 | 8.2% | 16.0% | ||
| Q3 25 | -3.4% | 23.1% | ||
| Q2 25 | 9.3% | 22.9% | ||
| Q1 25 | 9.3% | 23.0% | ||
| Q4 24 | 9.8% | 21.6% | ||
| Q3 24 | 10.4% | 23.6% | ||
| Q2 24 | 8.7% | 23.0% |
净利率APTVHON
| Q1 26 | — | 8.7% | ||
| Q4 25 | 2.7% | -1.7% | ||
| Q3 25 | -6.8% | 17.5% | ||
| Q2 25 | 7.5% | 15.2% | ||
| Q1 25 | -0.2% | 14.8% | ||
| Q4 24 | 5.5% | 12.7% | ||
| Q3 24 | 7.5% | 14.5% | ||
| Q2 24 | 18.6% | 16.1% |
每股收益（稀释后）APTVHON
| Q1 26 | — | $1.29 | ||
| Q4 25 | $0.63 | $-0.17 | ||
| Q3 25 | $-1.63 | $2.86 | ||
| Q2 25 | $1.80 | $2.45 | ||
| Q1 25 | $-0.05 | $2.22 | ||
| Q4 24 | $1.22 | $1.96 | ||
| Q3 24 | $1.48 | $2.16 | ||
| Q2 24 | $3.47 | $2.36 |
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 | $12.4B |
| 总债务越低越好 | $7.5B | $32.1B |
| 股东权益账面价值 | $9.2B | — |
| 总资产 | $23.4B | $74.0B |
| 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APTVHON
| Q1 26 | — | $12.4B | ||
| Q4 25 | $1.9B | $12.9B | ||
| Q3 25 | $1.6B | $13.4B | ||
| Q2 25 | $1.4B | $10.7B | ||
| Q1 25 | $1.1B | $10.1B | ||
| Q4 24 | $1.6B | $11.0B | ||
| Q3 24 | $1.8B | $10.9B | ||
| Q2 24 | $2.2B | $9.8B |
总债务APTVHON
| Q1 26 | — | $32.1B | ||
| Q4 25 | $7.5B | $27.1B | ||
| Q3 25 | $7.6B | $30.1B | ||
| Q2 25 | $7.8B | $30.2B | ||
| Q1 25 | $7.6B | $25.7B | ||
| Q4 24 | $7.8B | $25.5B | ||
| Q3 24 | $8.3B | $25.9B | ||
| Q2 24 | $5.5B | $20.9B |
股东权益APTVHON
| Q1 26 | — | — | ||
| Q4 25 | $9.2B | $13.9B | ||
| Q3 25 | $9.3B | $16.8B | ||
| Q2 25 | $9.7B | $16.1B | ||
| Q1 25 | $9.0B | $17.5B | ||
| Q4 24 | $8.8B | $18.6B | ||
| Q3 24 | $8.9B | $17.4B | ||
| Q2 24 | $11.5B | $16.9B |
总资产APTVHON
| Q1 26 | — | $74.0B | ||
| Q4 25 | $23.4B | $73.7B | ||
| Q3 25 | $23.5B | $80.9B | ||
| Q2 25 | $23.9B | $78.4B | ||
| Q1 25 | $23.1B | $75.2B | ||
| Q4 24 | $23.5B | $75.2B | ||
| Q3 24 | $24.8B | $73.5B | ||
| Q2 24 | $24.8B | $69.3B |
负债/权益比APTVHON
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 1.95× | ||
| Q3 25 | 0.82× | 1.79× | ||
| Q2 25 | 0.80× | 1.87× | ||
| Q1 25 | 0.85× | 1.47× | ||
| Q4 24 | 0.89× | 1.37× | ||
| Q3 24 | 0.93× | 1.49× | ||
| Q2 24 | 0.48× | 1.23× |
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 | $0 |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 0.6% |
| 资本支出强度资本支出/营收 | 3.2% | 2.4% |
| 现金转化率经营现金流/净利润 | 5.93× | 0.00× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $5.1B |
8季度趋势，按日历期对齐
经营现金流APTVHON
| Q1 26 | — | $0 | ||
| Q4 25 | $818.0M | $1.2B | ||
| Q3 25 | $584.0M | $3.3B | ||
| Q2 25 | $510.0M | $1.3B | ||
| Q1 25 | $273.0M | $597.0M | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $499.0M | $2.0B | ||
| Q2 24 | $643.0M | $1.4B |
自由现金流APTVHON
| Q1 26 | — | $56.0M | ||
| Q4 25 | $651.0M | $1.1B | ||
| Q3 25 | $441.0M | $2.9B | ||
| Q2 25 | $361.0M | $1.0B | ||
| Q1 25 | $76.0M | $346.0M | ||
| Q4 24 | $894.0M | $1.9B | ||
| Q3 24 | $326.0M | $1.7B | ||
| Q2 24 | $417.0M | $1.1B |
自由现金流率APTVHON
| Q1 26 | — | 0.6% | ||
| Q4 25 | 12.6% | 16.7% | ||
| Q3 25 | 8.5% | 28.0% | ||
| Q2 25 | 6.9% | 9.8% | ||
| Q1 25 | 1.6% | 3.5% | ||
| Q4 24 | 18.2% | 18.7% | ||
| Q3 24 | 6.7% | 17.7% | ||
| Q2 24 | 8.3% | 11.6% |
资本支出强度APTVHON
| Q1 26 | — | 2.4% | ||
| Q4 25 | 3.2% | 0.8% | ||
| Q3 25 | 2.7% | 3.6% | ||
| Q2 25 | 2.9% | 2.9% | ||
| Q1 25 | 4.1% | 2.6% | ||
| Q4 24 | 3.4% | 3.9% | ||
| Q3 24 | 3.6% | 2.9% | ||
| Q2 24 | 4.5% | 2.7% |
现金转化率APTVHON
| Q1 26 | — | 0.00× | ||
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 1.30× | 0.84× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 3.96× | 1.78× | ||
| Q3 24 | 1.37× | 1.41× | ||
| Q2 24 | 0.69× | 0.89× |
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% |
HON
| Aerospace Technologies | $4.3B | 47% |
| Building Automation | $1.9B | 21% |
| Process Automation and Technology | $1.5B | 17% |
| Industrial Automation | $1.4B | 16% |
| Corporate and All Other | $5.0M | 0% |
