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安波福（APTV）与徕博科（LH）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徕博科的1.5倍（$5.2B vs $3.5B），徕博科净利率更高（4.7% vs 2.7%，领先2.0%），徕博科同比增速更快（5.6% vs 5.0%），安波福自由现金流更多（$651.0M vs $490.3M），过去两年徕博科的营收复合增速更高（5.2% 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。
徕博科（Labcorp）是全球领先的生命科学与诊断检测企业，面向医疗机构、制药企业和个人患者提供全面的临床检验服务、药物研发支持及医疗检测解决方案，依托先进科研经验与创新技术输出准确可落地的健康洞察，助力临床决策、加快新药研发，提升全球患者健康水平。
APTV vs LH — 直观对比
营收规模更大
APTV
是对方的1.5倍
$3.5B
营收增速更快
LH
高出0.6%
5.0%
净利率更高
LH
高出2.0%
2.7%
自由现金流更多
APTV
多$160.7M
$490.3M
两年增速更快
LH
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $3.5B |
| 净利润 | $138.0M | $164.7M |
| 毛利率 | 18.7% | 28.2% |
| 营业利润率 | 8.2% | 7.6% |
| 净利率 | 2.7% | 4.7% |
| 营收同比 | 5.0% | 5.6% |
| 净利润同比 | -48.5% | 14.9% |
| 每股收益（稀释后） | $0.63 | $1.98 |
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APTVLH
| Q4 25 | $5.2B | $3.5B | ||
| Q3 25 | $5.2B | $3.6B | ||
| Q2 25 | $5.2B | $3.5B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $4.9B | $3.3B | ||
| Q3 24 | $4.9B | $3.3B | ||
| Q2 24 | $5.1B | $3.2B | ||
| Q1 24 | $4.9B | $3.2B |
净利润APTVLH
| Q4 25 | $138.0M | $164.7M | ||
| Q3 25 | $-355.0M | $261.1M | ||
| Q2 25 | $393.0M | $237.9M | ||
| Q1 25 | $-11.0M | $212.8M | ||
| Q4 24 | $268.0M | $143.4M | ||
| Q3 24 | $363.0M | $169.3M | ||
| Q2 24 | $938.0M | $205.3M | ||
| Q1 24 | $218.0M | $228.0M |
毛利率APTVLH
| Q4 25 | 18.7% | 28.2% | ||
| Q3 25 | 19.5% | 28.8% | ||
| Q2 25 | 19.1% | 29.7% | ||
| Q1 25 | 19.1% | 28.3% | ||
| Q4 24 | 19.6% | 26.9% | ||
| Q3 24 | 18.6% | 27.6% | ||
| Q2 24 | 19.2% | 28.8% | ||
| Q1 24 | 17.9% | 28.2% |
营业利润率APTVLH
| Q4 25 | 8.2% | 7.6% | ||
| Q3 25 | -3.4% | 11.1% | ||
| Q2 25 | 9.3% | 11.2% | ||
| Q1 25 | 9.3% | 9.7% | ||
| Q4 24 | 9.8% | 6.5% | ||
| Q3 24 | 10.4% | 7.7% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 8.5% | 10.1% |
净利率APTVLH
| Q4 25 | 2.7% | 4.7% | ||
| Q3 25 | -6.8% | 7.3% | ||
| Q2 25 | 7.5% | 6.7% | ||
| Q1 25 | -0.2% | 6.4% | ||
| Q4 24 | 5.5% | 4.3% | ||
| Q3 24 | 7.5% | 5.2% | ||
| Q2 24 | 18.6% | 6.4% | ||
| Q1 24 | 4.4% | 7.2% |
每股收益（稀释后）APTVLH
| Q4 25 | $0.63 | $1.98 | ||
| Q3 25 | $-1.63 | $3.12 | ||
| Q2 25 | $1.80 | $2.84 | ||
| Q1 25 | $-0.05 | $2.52 | ||
| Q4 24 | $1.22 | $1.72 | ||
| Q3 24 | $1.48 | $2.00 | ||
| Q2 24 | $3.47 | $2.43 | ||
| Q1 24 | $0.79 | $2.69 |
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 | $532.3M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $8.6B |
| 总资产 | $23.4B | $18.4B |
| 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APTVLH
| Q4 25 | $1.9B | $532.3M | ||
| Q3 25 | $1.6B | $598.1M | ||
| Q2 25 | $1.4B | $647.3M | ||
| Q1 25 | $1.1B | $369.4M | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $2.2B | $265.1M | ||
| Q1 24 | $941.0M | $99.3M |
总债务APTVLH
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVLH
| Q4 25 | $9.2B | $8.6B | ||
| Q3 25 | $9.3B | $8.7B | ||
| Q2 25 | $9.7B | $8.5B | ||
| Q1 25 | $9.0B | $8.3B | ||
| Q4 24 | $8.8B | $8.1B | ||
| Q3 24 | $8.9B | $8.2B | ||
| Q2 24 | $11.5B | $8.0B | ||
| Q1 24 | $11.1B | $8.0B |
总资产APTVLH
| Q4 25 | $23.4B | $18.4B | ||
| Q3 25 | $23.5B | $18.3B | ||
| Q2 25 | $23.9B | $18.1B | ||
| Q1 25 | $23.1B | $17.6B | ||
| Q4 24 | $23.5B | $18.4B | ||
| Q3 24 | $24.8B | $18.6B | ||
| Q2 24 | $24.8B | $16.7B | ||
| Q1 24 | $23.6B | $16.5B |
负债/权益比APTVLH
| 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 | $614.2M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $490.3M |
| 自由现金流率自由现金流/营收 | 12.6% | 13.9% |
| 资本支出强度资本支出/营收 | 3.2% | 3.5% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.73× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $1.2B |
8季度趋势，按日历期对齐
经营现金流APTVLH
| Q4 25 | $818.0M | $614.2M | ||
| Q3 25 | $584.0M | $387.2M | ||
| Q2 25 | $510.0M | $620.6M | ||
| Q1 25 | $273.0M | $18.5M | ||
| Q4 24 | $1.1B | $777.2M | ||
| Q3 24 | $499.0M | $277.3M | ||
| Q2 24 | $643.0M | $561.1M | ||
| Q1 24 | $244.0M | $-29.8M |
自由现金流APTVLH
| Q4 25 | $651.0M | $490.3M | ||
| Q3 25 | $441.0M | $280.5M | ||
| Q2 25 | $361.0M | $542.7M | ||
| Q1 25 | $76.0M | $-107.5M | ||
| Q4 24 | $894.0M | $665.1M | ||
| Q3 24 | $326.0M | $161.5M | ||
| Q2 24 | $417.0M | $432.9M | ||
| Q1 24 | $-21.0M | $-163.6M |
自由现金流率APTVLH
| Q4 25 | 12.6% | 13.9% | ||
| Q3 25 | 8.5% | 7.9% | ||
| Q2 25 | 6.9% | 15.4% | ||
| Q1 25 | 1.6% | -3.2% | ||
| Q4 24 | 18.2% | 20.0% | ||
| Q3 24 | 6.7% | 4.9% | ||
| Q2 24 | 8.3% | 13.4% | ||
| Q1 24 | -0.4% | -5.2% |
资本支出强度APTVLH
| Q4 25 | 3.2% | 3.5% | ||
| Q3 25 | 2.7% | 3.0% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 4.1% | 3.8% | ||
| Q4 24 | 3.4% | 3.4% | ||
| Q3 24 | 3.6% | 3.5% | ||
| Q2 24 | 4.5% | 4.0% | ||
| Q1 24 | 5.4% | 4.2% |
现金转化率APTVLH
| Q4 25 | 5.93× | 3.73× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | 1.30× | 2.61× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | 3.96× | 5.42× | ||
| Q3 24 | 1.37× | 1.64× | ||
| Q2 24 | 0.69× | 2.73× | ||
| Q1 24 | 1.12× | -0.13× |
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% |
LH
| Diagnostics | $2.7B | 78% |
| Biopharma Laboratory Services | $793.0M | 23% |
