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安波福（APTV）与荷美尔食品（HRL）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荷美尔食品的1.6倍（$5.2B vs $3.2B），安波福净利率更高（2.7% vs -1.8%，领先4.4%），安波福同比增速更快（5.0% vs 1.5%），安波福自由现金流更多（$651.0M vs $231.4M），过去两年荷美尔食品的营收复合增速更高（3.1% 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。
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
APTV vs HRL — 直观对比
营收规模更大
APTV
是对方的1.6倍
$3.2B
营收增速更快
APTV
高出3.5%
1.5%
净利率更高
APTV
高出4.4%
-1.8%
自由现金流更多
APTV
多$419.6M
$231.4M
两年增速更快
HRL
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $3.2B |
| 净利润 | $138.0M | $-56.1M |
| 毛利率 | 18.7% | 14.0% |
| 营业利润率 | 8.2% | 0.1% |
| 净利率 | 2.7% | -1.8% |
| 营收同比 | 5.0% | 1.5% |
| 净利润同比 | -48.5% | -125.5% |
| 每股收益（稀释后） | $0.63 | $-0.10 |
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APTVHRL
| Q4 25 | $5.2B | $3.2B | ||
| Q3 25 | $5.2B | $3.0B | ||
| Q2 25 | $5.2B | $2.9B | ||
| Q1 25 | $4.8B | $3.0B | ||
| Q4 24 | $4.9B | $3.1B | ||
| Q3 24 | $4.9B | $2.9B | ||
| Q2 24 | $5.1B | $2.9B | ||
| Q1 24 | $4.9B | $3.0B |
净利润APTVHRL
| Q4 25 | $138.0M | $-56.1M | ||
| Q3 25 | $-355.0M | $183.7M | ||
| Q2 25 | $393.0M | $180.0M | ||
| Q1 25 | $-11.0M | $170.6M | ||
| Q4 24 | $268.0M | $220.2M | ||
| Q3 24 | $363.0M | $176.7M | ||
| Q2 24 | $938.0M | $189.3M | ||
| Q1 24 | $218.0M | $218.9M |
毛利率APTVHRL
| Q4 25 | 18.7% | 14.0% | ||
| Q3 25 | 19.5% | 16.1% | ||
| Q2 25 | 19.1% | 16.7% | ||
| Q1 25 | 19.1% | 15.9% | ||
| Q4 24 | 19.6% | 16.6% | ||
| Q3 24 | 18.6% | 16.8% | ||
| Q2 24 | 19.2% | 17.4% | ||
| Q1 24 | 17.9% | 17.0% |
营业利润率APTVHRL
| Q4 25 | 8.2% | 0.1% | ||
| Q3 25 | -3.4% | 7.9% | ||
| Q2 25 | 9.3% | 8.6% | ||
| Q1 25 | 9.3% | 7.6% | ||
| Q4 24 | 9.8% | 9.4% | ||
| Q3 24 | 10.4% | 8.2% | ||
| Q2 24 | 8.7% | 8.7% | ||
| Q1 24 | 8.5% | 9.5% |
净利率APTVHRL
| Q4 25 | 2.7% | -1.8% | ||
| Q3 25 | -6.8% | 6.1% | ||
| Q2 25 | 7.5% | 6.2% | ||
| Q1 25 | -0.2% | 5.7% | ||
| Q4 24 | 5.5% | 7.0% | ||
| Q3 24 | 7.5% | 6.1% | ||
| Q2 24 | 18.6% | 6.6% | ||
| Q1 24 | 4.4% | 7.3% |
每股收益（稀释后）APTVHRL
| Q4 25 | $0.63 | $-0.10 | ||
| Q3 25 | $-1.63 | $0.33 | ||
| Q2 25 | $1.80 | $0.33 | ||
| Q1 25 | $-0.05 | $0.31 | ||
| Q4 24 | $1.22 | $0.41 | ||
| Q3 24 | $1.48 | $0.32 | ||
| Q2 24 | $3.47 | $0.34 | ||
| Q1 24 | $0.79 | $0.40 |
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 | $703.6M |
| 总债务越低越好 | $7.5B | $2.9B |
| 股东权益账面价值 | $9.2B | $7.9B |
| 总资产 | $23.4B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资APTVHRL
| Q4 25 | $1.9B | $703.6M | ||
| Q3 25 | $1.6B | $630.7M | ||
| Q2 25 | $1.4B | $699.0M | ||
| Q1 25 | $1.1B | $866.4M | ||
| Q4 24 | $1.6B | $766.6M | ||
| Q3 24 | $1.8B | $561.9M | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $941.0M | $981.9M |
总债务APTVHRL
| Q4 25 | $7.5B | $2.9B | ||
| Q3 25 | $7.6B | $2.9B | ||
| Q2 25 | $7.8B | $2.9B | ||
| Q1 25 | $7.6B | $2.9B | ||
| Q4 24 | $7.8B | $2.9B | ||
| Q3 24 | $8.3B | $2.9B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $4.7B | $2.4B |
股东权益APTVHRL
| Q4 25 | $9.2B | $7.9B | ||
| Q3 25 | $9.3B | $8.1B | ||
| Q2 25 | $9.7B | $8.0B | ||
| Q1 25 | $9.0B | $8.0B | ||
| Q4 24 | $8.8B | $8.0B | ||
| Q3 24 | $8.9B | $7.9B | ||
| Q2 24 | $11.5B | $7.9B | ||
| Q1 24 | $11.1B | $7.8B |
总资产APTVHRL
| Q4 25 | $23.4B | $13.4B | ||
| Q3 25 | $23.5B | $13.5B | ||
| Q2 25 | $23.9B | $13.4B | ||
| Q1 25 | $23.1B | $13.4B | ||
| Q4 24 | $23.5B | $13.4B | ||
| Q3 24 | $24.8B | $13.1B | ||
| Q2 24 | $24.8B | $14.1B | ||
| Q1 24 | $23.6B | $13.5B |
负债/权益比APTVHRL
| Q4 25 | 0.81× | 0.36× | ||
| Q3 25 | 0.82× | 0.35× | ||
| Q2 25 | 0.80× | 0.35× | ||
| Q1 25 | 0.85× | 0.36× | ||
| Q4 24 | 0.89× | 0.36× | ||
| Q3 24 | 0.93× | 0.36× | ||
| Q2 24 | 0.48× | 0.36× | ||
| Q1 24 | 0.42× | 0.30× |
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 | $322.9M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $231.4M |
| 自由现金流率自由现金流/营收 | 12.6% | 7.3% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $534.3M |
8季度趋势，按日历期对齐
经营现金流APTVHRL
| Q4 25 | $818.0M | $322.9M | ||
| Q3 25 | $584.0M | $156.7M | ||
| Q2 25 | $510.0M | $56.4M | ||
| Q1 25 | $273.0M | $309.2M | ||
| Q4 24 | $1.1B | $408.6M | ||
| Q3 24 | $499.0M | $218.0M | ||
| Q2 24 | $643.0M | $236.1M | ||
| Q1 24 | $244.0M | $404.0M |
自由现金流APTVHRL
| Q4 25 | $651.0M | $231.4M | ||
| Q3 25 | $441.0M | $84.5M | ||
| Q2 25 | $361.0M | $-18.6M | ||
| Q1 25 | $76.0M | $237.0M | ||
| Q4 24 | $894.0M | $324.8M | ||
| Q3 24 | $326.0M | $152.5M | ||
| Q2 24 | $417.0M | $176.2M | ||
| Q1 24 | $-21.0M | $356.8M |
自由现金流率APTVHRL
| Q4 25 | 12.6% | 7.3% | ||
| Q3 25 | 8.5% | 2.8% | ||
| Q2 25 | 6.9% | -0.6% | ||
| Q1 25 | 1.6% | 7.9% | ||
| Q4 24 | 18.2% | 10.4% | ||
| Q3 24 | 6.7% | 5.3% | ||
| Q2 24 | 8.3% | 6.1% | ||
| Q1 24 | -0.4% | 11.9% |
资本支出强度APTVHRL
| Q4 25 | 3.2% | 2.9% | ||
| Q3 25 | 2.7% | 2.4% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 4.1% | 2.4% | ||
| Q4 24 | 3.4% | 2.7% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 4.5% | 2.1% | ||
| Q1 24 | 5.4% | 1.6% |
现金转化率APTVHRL
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | 1.30× | 0.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | 3.96× | 1.86× | ||
| Q3 24 | 1.37× | 1.23× | ||
| Q2 24 | 0.69× | 1.25× | ||
| Q1 24 | 1.12× | 1.85× |
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% |
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
