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安波福（APTV）与摩丁制造（MOD）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摩丁制造的6.4倍（$5.2B vs $805.0M）。安波福净利率更高（2.7% vs -5.9%，领先8.6%）。摩丁制造同比增速更快（30.5% vs 5.0%）。安波福自由现金流更多（$651.0M vs $-17.1M）。过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
APTV vs MOD — 直观对比
营收规模更大
APTV
是对方的6.4倍
$805.0M
营收增速更快
MOD
高出25.5%
5.0%
净利率更高
APTV
高出8.6%
-5.9%
自由现金流更多
APTV
多$668.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $805.0M |
| 净利润 | $138.0M | $-47.4M |
| 毛利率 | 18.7% | 23.1% |
| 营业利润率 | 8.2% | 11.1% |
| 净利率 | 2.7% | -5.9% |
| 营收同比 | 5.0% | 30.5% |
| 净利润同比 | -48.5% | -215.6% |
| 每股收益（稀释后） | $0.63 | $-0.90 |
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APTVMOD
| Q4 25 | $5.2B | $805.0M | ||
| Q3 25 | $5.2B | $738.9M | ||
| Q2 25 | $5.2B | $682.8M | ||
| Q1 25 | $4.8B | $647.2M | ||
| Q4 24 | $4.9B | $616.8M | ||
| Q3 24 | $4.9B | $658.0M | ||
| Q2 24 | $5.1B | $661.5M | ||
| Q1 24 | $4.9B | $603.5M |
净利润APTVMOD
| Q4 25 | $138.0M | $-47.4M | ||
| Q3 25 | $-355.0M | $44.4M | ||
| Q2 25 | $393.0M | $51.2M | ||
| Q1 25 | $-11.0M | $49.6M | ||
| Q4 24 | $268.0M | $41.0M | ||
| Q3 24 | $363.0M | $46.1M | ||
| Q2 24 | $938.0M | $47.3M | ||
| Q1 24 | $218.0M | $25.8M |
毛利率APTVMOD
| Q4 25 | 18.7% | 23.1% | ||
| Q3 25 | 19.5% | 22.3% | ||
| Q2 25 | 19.1% | 24.2% | ||
| Q1 25 | 19.1% | 25.6% | ||
| Q4 24 | 19.6% | 24.3% | ||
| Q3 24 | 18.6% | 25.2% | ||
| Q2 24 | 19.2% | 24.6% | ||
| Q1 24 | 17.9% | 22.4% |
营业利润率APTVMOD
| Q4 25 | 8.2% | 11.1% | ||
| Q3 25 | -3.4% | 9.9% | ||
| Q2 25 | 9.3% | 11.1% | ||
| Q1 25 | 9.3% | 11.5% | ||
| Q4 24 | 9.8% | 9.6% | ||
| Q3 24 | 10.4% | 11.4% | ||
| Q2 24 | 8.7% | 11.2% | ||
| Q1 24 | 8.5% | 7.8% |
净利率APTVMOD
| Q4 25 | 2.7% | -5.9% | ||
| Q3 25 | -6.8% | 6.0% | ||
| Q2 25 | 7.5% | 7.5% | ||
| Q1 25 | -0.2% | 7.7% | ||
| Q4 24 | 5.5% | 6.6% | ||
| Q3 24 | 7.5% | 7.0% | ||
| Q2 24 | 18.6% | 7.2% | ||
| Q1 24 | 4.4% | 4.3% |
每股收益（稀释后）APTVMOD
| Q4 25 | $0.63 | $-0.90 | ||
| Q3 25 | $-1.63 | $0.83 | ||
| Q2 25 | $1.80 | $0.95 | ||
| Q1 25 | $-0.05 | $0.92 | ||
| Q4 24 | $1.22 | $0.76 | ||
| Q3 24 | $1.48 | $0.86 | ||
| Q2 24 | $3.47 | $0.88 | ||
| Q1 24 | $0.79 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $7.5B | $570.7M |
| 股东权益账面价值 | $9.2B | $1.1B |
| 总资产 | $23.4B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资APTVMOD
| Q4 25 | $1.9B | $98.7M | ||
| Q3 25 | $1.6B | $83.8M | ||
| Q2 25 | $1.4B | $124.5M | ||
| Q1 25 | $1.1B | $71.6M | ||
| Q4 24 | $1.6B | $83.8M | ||
| Q3 24 | $1.8B | $78.6M | ||
| Q2 24 | $2.2B | $72.9M | ||
| Q1 24 | $941.0M | $60.1M |
总债务APTVMOD
| Q4 25 | $7.5B | $570.7M | ||
| Q3 25 | $7.6B | $525.8M | ||
| Q2 25 | $7.8B | $482.1M | ||
| Q1 25 | $7.6B | $296.7M | ||
| Q4 24 | $7.8B | $330.0M | ||
| Q3 24 | $8.3B | $359.1M | ||
| Q2 24 | $5.5B | $405.7M | ||
| Q1 24 | $4.7B | $399.9M |
股东权益APTVMOD
| Q4 25 | $9.2B | $1.1B | ||
| Q3 25 | $9.3B | $1.1B | ||
| Q2 25 | $9.7B | $1.0B | ||
| Q1 25 | $9.0B | $910.2M | ||
| Q4 24 | $8.8B | $855.1M | ||
| Q3 24 | $8.9B | $858.8M | ||
| Q2 24 | $11.5B | $788.4M | ||
| Q1 24 | $11.1B | $747.6M |
总资产APTVMOD
| Q4 25 | $23.4B | $2.5B | ||
| Q3 25 | $23.5B | $2.4B | ||
| Q2 25 | $23.9B | $2.2B | ||
| Q1 25 | $23.1B | $1.9B | ||
| Q4 24 | $23.5B | $1.8B | ||
| Q3 24 | $24.8B | $1.9B | ||
| Q2 24 | $24.8B | $1.9B | ||
| Q1 24 | $23.6B | $1.9B |
负债/权益比APTVMOD
| Q4 25 | 0.81× | 0.51× | ||
| Q3 25 | 0.82× | 0.50× | ||
| Q2 25 | 0.80× | 0.48× | ||
| Q1 25 | 0.85× | 0.33× | ||
| Q4 24 | 0.89× | 0.39× | ||
| Q3 24 | 0.93× | 0.42× | ||
| Q2 24 | 0.48× | 0.51× | ||
| Q1 24 | 0.42× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $-17.1M |
| 自由现金流率自由现金流/营收 | 12.6% | -2.1% |
| 资本支出强度资本支出/营收 | 3.2% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流APTVMOD
| Q4 25 | $818.0M | $24.7M | ||
| Q3 25 | $584.0M | $1.4M | ||
| Q2 25 | $510.0M | $27.7M | ||
| Q1 25 | $273.0M | $54.8M | ||
| Q4 24 | $1.1B | $60.7M | ||
| Q3 24 | $499.0M | $57.3M | ||
| Q2 24 | $643.0M | $40.5M | ||
| Q1 24 | $244.0M | $39.6M |
自由现金流APTVMOD
| Q4 25 | $651.0M | $-17.1M | ||
| Q3 25 | $441.0M | $-30.5M | ||
| Q2 25 | $361.0M | $200.0K | ||
| Q1 25 | $76.0M | $27.1M | ||
| Q4 24 | $894.0M | $44.7M | ||
| Q3 24 | $326.0M | $43.8M | ||
| Q2 24 | $417.0M | $13.7M | ||
| Q1 24 | $-21.0M | $-4.3M |
自由现金流率APTVMOD
| Q4 25 | 12.6% | -2.1% | ||
| Q3 25 | 8.5% | -4.1% | ||
| Q2 25 | 6.9% | 0.0% | ||
| Q1 25 | 1.6% | 4.2% | ||
| Q4 24 | 18.2% | 7.2% | ||
| Q3 24 | 6.7% | 6.7% | ||
| Q2 24 | 8.3% | 2.1% | ||
| Q1 24 | -0.4% | -0.7% |
资本支出强度APTVMOD
| Q4 25 | 3.2% | 5.2% | ||
| Q3 25 | 2.7% | 4.3% | ||
| Q2 25 | 2.9% | 4.0% | ||
| Q1 25 | 4.1% | 4.3% | ||
| Q4 24 | 3.4% | 2.6% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 4.5% | 4.1% | ||
| Q1 24 | 5.4% | 7.3% |
现金转化率APTVMOD
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | 1.30× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 3.96× | 1.48× | ||
| Q3 24 | 1.37× | 1.24× | ||
| Q2 24 | 0.69× | 0.86× | ||
| Q1 24 | 1.12× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
