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安波福（APTV）与皇家加勒比集团（RCL）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皇家加勒比集团的1.2倍（$5.2B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 2.7%，领先15.0%），皇家加勒比集团同比增速更快（13.3% vs 5.0%），安波福自由现金流更多（$651.0M vs $116.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% 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。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
APTV vs RCL — 直观对比
营收规模更大
APTV
是对方的1.2倍
$4.3B
营收增速更快
RCL
高出8.3%
5.0%
净利率更高
RCL
高出15.0%
2.7%
自由现金流更多
APTV
多$535.0M
$116.0M
两年增速更快
RCL
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.3B |
| 净利润 | $138.0M | $753.0M |
| 毛利率 | 18.7% | 47.4% |
| 营业利润率 | 8.2% | 21.9% |
| 净利率 | 2.7% | 17.7% |
| 营收同比 | 5.0% | 13.3% |
| 净利润同比 | -48.5% | 36.4% |
| 每股收益（稀释后） | $0.63 | $2.76 |
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APTVRCL
| Q4 25 | $5.2B | $4.3B | ||
| Q3 25 | $5.2B | $5.1B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $4.8B | $4.0B | ||
| Q4 24 | $4.9B | $3.8B | ||
| Q3 24 | $4.9B | $4.9B | ||
| Q2 24 | $5.1B | $4.1B | ||
| Q1 24 | $4.9B | $3.7B |
净利润APTVRCL
| Q4 25 | $138.0M | $753.0M | ||
| Q3 25 | $-355.0M | $1.6B | ||
| Q2 25 | $393.0M | $1.2B | ||
| Q1 25 | $-11.0M | $730.0M | ||
| Q4 24 | $268.0M | $552.0M | ||
| Q3 24 | $363.0M | $1.1B | ||
| Q2 24 | $938.0M | $854.0M | ||
| Q1 24 | $218.0M | $360.0M |
毛利率APTVRCL
| Q4 25 | 18.7% | 47.4% | ||
| Q3 25 | 19.5% | 51.8% | ||
| Q2 25 | 19.1% | 49.7% | ||
| Q1 25 | 19.1% | 48.0% | ||
| Q4 24 | 19.6% | 45.4% | ||
| Q3 24 | 18.6% | 51.1% | ||
| Q2 24 | 19.2% | 47.6% | ||
| Q1 24 | 17.9% | 44.8% |
营业利润率APTVRCL
| Q4 25 | 8.2% | 21.9% | ||
| Q3 25 | -3.4% | 33.1% | ||
| Q2 25 | 9.3% | 29.3% | ||
| Q1 25 | 9.3% | 23.6% | ||
| Q4 24 | 9.8% | 16.6% | ||
| Q3 24 | 10.4% | 33.4% | ||
| Q2 24 | 8.7% | 26.7% | ||
| Q1 24 | 8.5% | 20.1% |
净利率APTVRCL
| Q4 25 | 2.7% | 17.7% | ||
| Q3 25 | -6.8% | 30.6% | ||
| Q2 25 | 7.5% | 26.7% | ||
| Q1 25 | -0.2% | 18.3% | ||
| Q4 24 | 5.5% | 14.7% | ||
| Q3 24 | 7.5% | 22.7% | ||
| Q2 24 | 18.6% | 20.8% | ||
| Q1 24 | 4.4% | 9.7% |
每股收益（稀释后）APTVRCL
| Q4 25 | $0.63 | $2.76 | ||
| Q3 25 | $-1.63 | $5.74 | ||
| Q2 25 | $1.80 | $4.41 | ||
| Q1 25 | $-0.05 | $2.70 | ||
| Q4 24 | $1.22 | $2.27 | ||
| Q3 24 | $1.48 | $4.21 | ||
| Q2 24 | $3.47 | $3.11 | ||
| Q1 24 | $0.79 | $1.35 |
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 | $825.0M |
| 总债务越低越好 | $7.5B | $18.2B |
| 股东权益账面价值 | $9.2B | $10.0B |
| 总资产 | $23.4B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资APTVRCL
| Q4 25 | $1.9B | $825.0M | ||
| Q3 25 | $1.6B | $432.0M | ||
| Q2 25 | $1.4B | $735.0M | ||
| Q1 25 | $1.1B | $386.0M | ||
| Q4 24 | $1.6B | $388.0M | ||
| Q3 24 | $1.8B | $418.0M | ||
| Q2 24 | $2.2B | $391.0M | ||
| Q1 24 | $941.0M | $437.0M |
总债务APTVRCL
| Q4 25 | $7.5B | $18.2B | ||
| Q3 25 | $7.6B | $17.2B | ||
| Q2 25 | $7.8B | $17.6B | ||
| Q1 25 | $7.6B | $18.0B | ||
| Q4 24 | $7.8B | $18.5B | ||
| Q3 24 | $8.3B | $19.0B | ||
| Q2 24 | $5.5B | $19.8B | ||
| Q1 24 | $4.7B | $18.9B |
股东权益APTVRCL
| Q4 25 | $9.2B | $10.0B | ||
| Q3 25 | $9.3B | $10.1B | ||
| Q2 25 | $9.7B | $9.2B | ||
| Q1 25 | $9.0B | $8.0B | ||
| Q4 24 | $8.8B | $7.6B | ||
| Q3 24 | $8.9B | $7.0B | ||
| Q2 24 | $11.5B | $6.0B | ||
| Q1 24 | $11.1B | $5.2B |
总资产APTVRCL
| Q4 25 | $23.4B | $41.6B | ||
| Q3 25 | $23.5B | $40.1B | ||
| Q2 25 | $23.9B | $38.5B | ||
| Q1 25 | $23.1B | $37.5B | ||
| Q4 24 | $23.5B | $37.1B | ||
| Q3 24 | $24.8B | $37.1B | ||
| Q2 24 | $24.8B | $37.0B | ||
| Q1 24 | $23.6B | $35.2B |
负债/权益比APTVRCL
| Q4 25 | 0.81× | 1.81× | ||
| Q3 25 | 0.82× | 1.70× | ||
| Q2 25 | 0.80× | 1.92× | ||
| Q1 25 | 0.85× | 2.26× | ||
| Q4 24 | 0.89× | 2.44× | ||
| Q3 24 | 0.93× | 2.69× | ||
| Q2 24 | 0.48× | 3.29× | ||
| Q1 24 | 0.42× | 3.66× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 2.7% |
| 资本支出强度资本支出/营收 | 3.2% | 35.4% |
| 现金转化率经营现金流/净利润 | 5.93× | 2.16× |
| 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APTVRCL
| Q4 25 | $818.0M | $1.6B | ||
| Q3 25 | $584.0M | $1.5B | ||
| Q2 25 | $510.0M | $1.7B | ||
| Q1 25 | $273.0M | $1.6B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $499.0M | $897.0M | ||
| Q2 24 | $643.0M | $1.6B | ||
| Q1 24 | $244.0M | $1.3B |
自由现金流APTVRCL
| Q4 25 | $651.0M | $116.0M | ||
| Q3 25 | $441.0M | $-989.0M | ||
| Q2 25 | $361.0M | $910.0M | ||
| Q1 25 | $76.0M | $1.2B | ||
| Q4 24 | $894.0M | $915.0M | ||
| Q3 24 | $326.0M | $563.0M | ||
| Q2 24 | $417.0M | $-567.0M | ||
| Q1 24 | $-21.0M | $1.1B |
自由现金流率APTVRCL
| Q4 25 | 12.6% | 2.7% | ||
| Q3 25 | 8.5% | -19.2% | ||
| Q2 25 | 6.9% | 20.1% | ||
| Q1 25 | 1.6% | 30.0% | ||
| Q4 24 | 18.2% | 24.3% | ||
| Q3 24 | 6.7% | 11.5% | ||
| Q2 24 | 8.3% | -13.8% | ||
| Q1 24 | -0.4% | 29.1% |
资本支出强度APTVRCL
| Q4 25 | 3.2% | 35.4% | ||
| Q3 25 | 2.7% | 47.8% | ||
| Q2 25 | 2.9% | 18.4% | ||
| Q1 25 | 4.1% | 10.7% | ||
| Q4 24 | 3.4% | 14.7% | ||
| Q3 24 | 3.6% | 6.8% | ||
| Q2 24 | 4.5% | 52.1% | ||
| Q1 24 | 5.4% | 6.5% |
现金转化率APTVRCL
| Q4 25 | 5.93× | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 1.30× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 3.96× | 2.66× | ||
| Q3 24 | 1.37× | 0.81× | ||
| Q2 24 | 0.69× | 1.84× | ||
| Q1 24 | 1.12× | 3.69× |
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% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
