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安波福（APTV）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是安波福的1.4倍（$7.3B vs $5.2B），纽蒙特净利率更高（26.0% vs 2.7%，领先23.4%），安波福同比增速更快（5.0% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $651.0M），过去两年纽蒙特的营收复合增速更高（28.8% 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。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
APTV vs NEM — 直观对比
营收规模更大
NEM
是对方的1.4倍
$5.2B
营收增速更快
APTV
高出36.4%
-31.4%
净利率更高
NEM
高出23.4%
2.7%
自由现金流更多
NEM
多$554.0M
$651.0M
两年增速更快
NEM
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $7.3B |
| 净利润 | $138.0M | $1.9B |
| 毛利率 | 18.7% | — |
| 营业利润率 | 8.2% | — |
| 净利率 | 2.7% | 26.0% |
| 营收同比 | 5.0% | -31.4% |
| 净利润同比 | -48.5% | -8.3% |
| 每股收益（稀释后） | $0.63 | $1.68 |
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APTVNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $5.2B | $6.8B | ||
| Q3 25 | $5.2B | $5.5B | ||
| Q2 25 | $5.2B | $5.3B | ||
| Q1 25 | $4.8B | $5.0B | ||
| Q4 24 | $4.9B | $5.7B | ||
| Q3 24 | $4.9B | $4.6B | ||
| Q2 24 | $5.1B | $4.4B |
净利润APTVNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $138.0M | $1.3B | ||
| Q3 25 | $-355.0M | $1.8B | ||
| Q2 25 | $393.0M | $2.1B | ||
| Q1 25 | $-11.0M | $1.9B | ||
| Q4 24 | $268.0M | $1.4B | ||
| Q3 24 | $363.0M | $922.0M | ||
| Q2 24 | $938.0M | $853.0M |
毛利率APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | — | ||
| Q2 24 | 19.2% | — |
营业利润率APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 47.6% | ||
| Q3 25 | -3.4% | 45.4% | ||
| Q2 25 | 9.3% | 58.6% | ||
| Q1 25 | 9.3% | 49.3% | ||
| Q4 24 | 9.8% | 36.3% | ||
| Q3 24 | 10.4% | 23.0% | ||
| Q2 24 | 8.7% | 23.5% |
净利率APTVNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | 2.7% | 19.1% | ||
| Q3 25 | -6.8% | 33.2% | ||
| Q2 25 | 7.5% | 38.8% | ||
| Q1 25 | -0.2% | 37.7% | ||
| Q4 24 | 5.5% | 24.8% | ||
| Q3 24 | 7.5% | 20.0% | ||
| Q2 24 | 18.6% | 19.4% |
每股收益（稀释后）APTVNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $0.63 | $1.19 | ||
| Q3 25 | $-1.63 | $1.67 | ||
| Q2 25 | $1.80 | $1.85 | ||
| Q1 25 | $-0.05 | $1.68 | ||
| Q4 24 | $1.22 | $1.23 | ||
| Q3 24 | $1.48 | $0.80 | ||
| Q2 24 | $3.47 | $0.74 |
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 | $4.7B |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $31.4B |
| 总资产 | $23.4B | $55.5B |
| 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APTVNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $1.9B | $8.2B | ||
| Q3 25 | $1.6B | $6.0B | ||
| Q2 25 | $1.4B | $6.7B | ||
| Q1 25 | $1.1B | $4.7B | ||
| Q4 24 | $1.6B | $3.6B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $2.2B | $2.7B |
总债务APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $5.1B | ||
| Q3 25 | $7.6B | $5.2B | ||
| Q2 25 | $7.8B | $7.1B | ||
| Q1 25 | $7.6B | $7.5B | ||
| Q4 24 | $7.8B | $8.5B | ||
| Q3 24 | $8.3B | $8.6B | ||
| Q2 24 | $5.5B | $8.7B |
股东权益APTVNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $9.2B | $33.9B | ||
| Q3 25 | $9.3B | $33.2B | ||
| Q2 25 | $9.7B | $32.1B | ||
| Q1 25 | $9.0B | $31.2B | ||
| Q4 24 | $8.8B | $29.9B | ||
| Q3 24 | $8.9B | $29.7B | ||
| Q2 24 | $11.5B | $29.4B |
总资产APTVNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $23.4B | $57.1B | ||
| Q3 25 | $23.5B | $54.7B | ||
| Q2 25 | $23.9B | $55.2B | ||
| Q1 25 | $23.1B | $55.5B | ||
| Q4 24 | $23.5B | $56.3B | ||
| Q3 24 | $24.8B | $56.2B | ||
| Q2 24 | $24.8B | $55.7B |
负债/权益比APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 0.15× | ||
| Q3 25 | 0.82× | 0.16× | ||
| Q2 25 | 0.80× | 0.22× | ||
| Q1 25 | 0.85× | 0.24× | ||
| Q4 24 | 0.89× | 0.28× | ||
| Q3 24 | 0.93× | 0.29× | ||
| Q2 24 | 0.48× | 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 | — |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 12.6% | 16.5% |
| 资本支出强度资本支出/营收 | 3.2% | 11.3% |
| 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 | $7.3B |
8季度趋势，按日历期对齐
经营现金流APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | $818.0M | $3.6B | ||
| Q3 25 | $584.0M | $2.3B | ||
| Q2 25 | $510.0M | $2.4B | ||
| Q1 25 | $273.0M | $2.0B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $499.0M | $1.6B | ||
| Q2 24 | $643.0M | $1.4B |
自由现金流APTVNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $651.0M | $2.8B | ||
| Q3 25 | $441.0M | $1.6B | ||
| Q2 25 | $361.0M | $1.7B | ||
| Q1 25 | $76.0M | $1.2B | ||
| Q4 24 | $894.0M | $1.6B | ||
| Q3 24 | $326.0M | $771.0M | ||
| Q2 24 | $417.0M | $628.0M |
自由现金流率APTVNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 12.6% | 41.3% | ||
| Q3 25 | 8.5% | 28.4% | ||
| Q2 25 | 6.9% | 32.2% | ||
| Q1 25 | 1.6% | 24.1% | ||
| Q4 24 | 18.2% | 28.9% | ||
| Q3 24 | 6.7% | 16.7% | ||
| Q2 24 | 8.3% | 14.3% |
资本支出强度APTVNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 3.2% | 11.9% | ||
| Q3 25 | 2.7% | 13.2% | ||
| Q2 25 | 2.9% | 12.7% | ||
| Q1 25 | 4.1% | 16.5% | ||
| Q4 24 | 3.4% | 15.5% | ||
| Q3 24 | 3.6% | 19.0% | ||
| Q2 24 | 4.5% | 18.2% |
现金转化率APTVNEM
| Q1 26 | — | — | ||
| Q4 25 | 5.93× | 2.78× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | 1.30× | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | 3.96× | 1.79× | ||
| Q3 24 | 1.37× | 1.79× | ||
| Q2 24 | 0.69× | 1.67× |
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% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
