vs
安波福（APTV）与玛斯特锁（MBC）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玛斯特锁的8.0倍（$5.2B vs $644.6M）。安波福净利率更高（2.7% vs -6.5%，领先9.2%）。安波福同比增速更快（5.0% vs -3.5%）。安波福自由现金流更多（$651.0M vs $52.5M）。过去两年安波福的营收复合增速更高（2.5% vs 0.5%）
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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
APTV vs MBC — 直观对比
营收规模更大
APTV
是对方的8.0倍
$644.6M
营收增速更快
APTV
高出8.5%
-3.5%
净利率更高
APTV
高出9.2%
-6.5%
自由现金流更多
APTV
多$598.5M
$52.5M
两年增速更快
APTV
近两年复合增速
0.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $644.6M |
| 净利润 | $138.0M | $-42.0M |
| 毛利率 | 18.7% | 26.0% |
| 营业利润率 | 8.2% | -4.2% |
| 净利率 | 2.7% | -6.5% |
| 营收同比 | 5.0% | -3.5% |
| 净利润同比 | -48.5% | -400.0% |
| 每股收益（稀释后） | $0.63 | $-0.32 |
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APTVMBC
| Q4 25 | $5.2B | $644.6M | ||
| Q3 25 | $5.2B | $698.9M | ||
| Q2 25 | $5.2B | $730.9M | ||
| Q1 25 | $4.8B | $660.3M | ||
| Q4 24 | $4.9B | $667.7M | ||
| Q3 24 | $4.9B | $718.1M | ||
| Q2 24 | $5.1B | $676.5M | ||
| Q1 24 | $4.9B | $638.1M |
净利润APTVMBC
| Q4 25 | $138.0M | $-42.0M | ||
| Q3 25 | $-355.0M | $18.1M | ||
| Q2 25 | $393.0M | $37.3M | ||
| Q1 25 | $-11.0M | $13.3M | ||
| Q4 24 | $268.0M | $14.0M | ||
| Q3 24 | $363.0M | $29.1M | ||
| Q2 24 | $938.0M | $45.3M | ||
| Q1 24 | $218.0M | $37.5M |
毛利率APTVMBC
| Q4 25 | 18.7% | 26.0% | ||
| Q3 25 | 19.5% | 31.2% | ||
| Q2 25 | 19.1% | 32.8% | ||
| Q1 25 | 19.1% | 30.6% | ||
| Q4 24 | 19.6% | 30.4% | ||
| Q3 24 | 18.6% | 33.1% | ||
| Q2 24 | 19.2% | 34.1% | ||
| Q1 24 | 17.9% | 32.1% |
营业利润率APTVMBC
| Q4 25 | 8.2% | -4.2% | ||
| Q3 25 | -3.4% | 6.0% | ||
| Q2 25 | 9.3% | 9.2% | ||
| Q1 25 | 9.3% | 5.6% | ||
| Q4 24 | 9.8% | 5.6% | ||
| Q3 24 | 10.4% | 8.0% | ||
| Q2 24 | 8.7% | 11.5% | ||
| Q1 24 | 8.5% | 9.8% |
净利率APTVMBC
| Q4 25 | 2.7% | -6.5% | ||
| Q3 25 | -6.8% | 2.6% | ||
| Q2 25 | 7.5% | 5.1% | ||
| Q1 25 | -0.2% | 2.0% | ||
| Q4 24 | 5.5% | 2.1% | ||
| Q3 24 | 7.5% | 4.1% | ||
| Q2 24 | 18.6% | 6.7% | ||
| Q1 24 | 4.4% | 5.9% |
每股收益（稀释后）APTVMBC
| Q4 25 | $0.63 | $-0.32 | ||
| Q3 25 | $-1.63 | $0.14 | ||
| Q2 25 | $1.80 | $0.29 | ||
| Q1 25 | $-0.05 | $0.10 | ||
| Q4 24 | $1.22 | $0.10 | ||
| Q3 24 | $1.48 | $0.22 | ||
| Q2 24 | $3.47 | $0.35 | ||
| Q1 24 | $0.79 | $0.29 |
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 | $183.3M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $1.3B |
| 总资产 | $23.4B | $3.1B |
| 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APTVMBC
| Q4 25 | $1.9B | $183.3M | ||
| Q3 25 | $1.6B | $114.8M | ||
| Q2 25 | $1.4B | $120.1M | ||
| Q1 25 | $1.1B | $113.5M | ||
| Q4 24 | $1.6B | $120.6M | ||
| Q3 24 | $1.8B | $108.4M | ||
| Q2 24 | $2.2B | $189.4M | ||
| Q1 24 | $941.0M | $153.7M |
总债务APTVMBC
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | $1.0B | ||
| Q3 24 | $8.3B | $1.1B | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVMBC
| Q4 25 | $9.2B | $1.3B | ||
| Q3 25 | $9.3B | $1.4B | ||
| Q2 25 | $9.7B | $1.4B | ||
| Q1 25 | $9.0B | $1.3B | ||
| Q4 24 | $8.8B | $1.3B | ||
| Q3 24 | $8.9B | $1.3B | ||
| Q2 24 | $11.5B | $1.3B | ||
| Q1 24 | $11.1B | $1.2B |
总资产APTVMBC
| Q4 25 | $23.4B | $3.1B | ||
| Q3 25 | $23.5B | $3.0B | ||
| Q2 25 | $23.9B | $3.0B | ||
| Q1 25 | $23.1B | $3.0B | ||
| Q4 24 | $23.5B | $2.9B | ||
| Q3 24 | $24.8B | $3.0B | ||
| Q2 24 | $24.8B | $2.4B | ||
| Q1 24 | $23.6B | $2.4B |
负债/权益比APTVMBC
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | 0.79× | ||
| Q3 24 | 0.93× | 0.83× | ||
| 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 | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $52.5M |
| 自由现金流率自由现金流/营收 | 12.6% | 8.1% |
| 资本支出强度资本支出/营收 | 3.2% | 5.3% |
| 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 | $117.5M |
8季度趋势，按日历期对齐
经营现金流APTVMBC
| Q4 25 | $818.0M | $86.9M | ||
| Q3 25 | $584.0M | $55.4M | ||
| Q2 25 | $510.0M | $84.8M | ||
| Q1 25 | $273.0M | $-31.4M | ||
| Q4 24 | $1.1B | $115.1M | ||
| Q3 24 | $499.0M | $80.8M | ||
| Q2 24 | $643.0M | $77.4M | ||
| Q1 24 | $244.0M | $18.7M |
自由现金流APTVMBC
| Q4 25 | $651.0M | $52.5M | ||
| Q3 25 | $441.0M | $39.5M | ||
| Q2 25 | $361.0M | $66.7M | ||
| Q1 25 | $76.0M | $-41.2M | ||
| Q4 24 | $894.0M | $68.8M | ||
| Q3 24 | $326.0M | $64.5M | ||
| Q2 24 | $417.0M | $66.1M | ||
| Q1 24 | $-21.0M | $11.7M |
自由现金流率APTVMBC
| Q4 25 | 12.6% | 8.1% | ||
| Q3 25 | 8.5% | 5.7% | ||
| Q2 25 | 6.9% | 9.1% | ||
| Q1 25 | 1.6% | -6.2% | ||
| Q4 24 | 18.2% | 10.3% | ||
| Q3 24 | 6.7% | 9.0% | ||
| Q2 24 | 8.3% | 9.8% | ||
| Q1 24 | -0.4% | 1.8% |
资本支出强度APTVMBC
| Q4 25 | 3.2% | 5.3% | ||
| Q3 25 | 2.7% | 2.3% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 4.1% | 1.5% | ||
| Q4 24 | 3.4% | 6.9% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 4.5% | 1.7% | ||
| Q1 24 | 5.4% | 1.1% |
现金转化率APTVMBC
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | 1.30× | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | 3.96× | 8.22× | ||
| Q3 24 | 1.37× | 2.78× | ||
| Q2 24 | 0.69× | 1.71× | ||
| Q1 24 | 1.12× | 0.50× |
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% |
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
