vs
安波福（APTV）与RH（RH）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RH的5.8倍（$5.2B vs $883.8M）。RH净利率更高（4.1% vs 2.7%，领先1.4%）。RH同比增速更快（8.9% vs 5.0%）。安波福自由现金流更多（$651.0M vs $83.0M）。过去两年RH的营收复合增速更高（9.4% 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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
APTV vs RH — 直观对比
营收规模更大
APTV
是对方的5.8倍
$883.8M
营收增速更快
RH
高出3.9%
5.0%
净利率更高
RH
高出1.4%
2.7%
自由现金流更多
APTV
多$568.0M
$83.0M
两年增速更快
RH
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $883.8M |
| 净利润 | $138.0M | $36.3M |
| 毛利率 | 18.7% | 44.1% |
| 营业利润率 | 8.2% | 12.0% |
| 净利率 | 2.7% | 4.1% |
| 营收同比 | 5.0% | 8.9% |
| 净利润同比 | -48.5% | 9.3% |
| 每股收益（稀释后） | $0.63 | $1.83 |
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APTVRH
| Q4 25 | $5.2B | $883.8M | ||
| Q3 25 | $5.2B | $899.2M | ||
| Q2 25 | $5.2B | $814.0M | ||
| Q1 25 | $4.8B | $812.4M | ||
| Q4 24 | $4.9B | $811.7M | ||
| Q3 24 | $4.9B | $829.7M | ||
| Q2 24 | $5.1B | $727.0M | ||
| Q1 24 | $4.9B | $738.3M |
净利润APTVRH
| Q4 25 | $138.0M | $36.3M | ||
| Q3 25 | $-355.0M | $51.7M | ||
| Q2 25 | $393.0M | $8.0M | ||
| Q1 25 | $-11.0M | $13.9M | ||
| Q4 24 | $268.0M | $33.2M | ||
| Q3 24 | $363.0M | $29.0M | ||
| Q2 24 | $938.0M | $-3.6M | ||
| Q1 24 | $218.0M | $11.4M |
毛利率APTVRH
| Q4 25 | 18.7% | 44.1% | ||
| Q3 25 | 19.5% | 45.5% | ||
| Q2 25 | 19.1% | 43.7% | ||
| Q1 25 | 19.1% | 44.7% | ||
| Q4 24 | 19.6% | 44.5% | ||
| Q3 24 | 18.6% | 45.2% | ||
| Q2 24 | 19.2% | 43.5% | ||
| Q1 24 | 17.9% | 43.5% |
营业利润率APTVRH
| Q4 25 | 8.2% | 12.0% | ||
| Q3 25 | -3.4% | 14.3% | ||
| Q2 25 | 9.3% | 6.9% | ||
| Q1 25 | 9.3% | 8.7% | ||
| Q4 24 | 9.8% | 12.5% | ||
| Q3 24 | 10.4% | 11.6% | ||
| Q2 24 | 8.7% | 7.5% | ||
| Q1 24 | 8.5% | 8.7% |
净利率APTVRH
| Q4 25 | 2.7% | 4.1% | ||
| Q3 25 | -6.8% | 5.8% | ||
| Q2 25 | 7.5% | 1.0% | ||
| Q1 25 | -0.2% | 1.7% | ||
| Q4 24 | 5.5% | 4.1% | ||
| Q3 24 | 7.5% | 3.5% | ||
| Q2 24 | 18.6% | -0.5% | ||
| Q1 24 | 4.4% | 1.5% |
每股收益（稀释后）APTVRH
| Q4 25 | $0.63 | $1.83 | ||
| Q3 25 | $-1.63 | $2.62 | ||
| Q2 25 | $1.80 | $0.40 | ||
| Q1 25 | $-0.05 | $0.71 | ||
| Q4 24 | $1.22 | $1.66 | ||
| Q3 24 | $1.48 | $1.45 | ||
| Q2 24 | $3.47 | $-0.20 | ||
| Q1 24 | $0.79 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $3.3M |
| 总资产 | $23.4B | $4.8B |
| 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APTVRH
| Q4 25 | $1.9B | $43.1M | ||
| Q3 25 | $1.6B | $34.6M | ||
| Q2 25 | $1.4B | $46.1M | ||
| Q1 25 | $1.1B | $30.4M | ||
| Q4 24 | $1.6B | $87.0M | ||
| Q3 24 | $1.8B | $78.3M | ||
| Q2 24 | $2.2B | $101.8M | ||
| Q1 24 | $941.0M | $123.7M |
总债务APTVRH
| 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APTVRH
| Q4 25 | $9.2B | $3.3M | ||
| Q3 25 | $9.3B | $-40.9M | ||
| Q2 25 | $9.7B | $-110.8M | ||
| Q1 25 | $9.0B | $-163.6M | ||
| Q4 24 | $8.8B | $-183.0M | ||
| Q3 24 | $8.9B | $-234.7M | ||
| Q2 24 | $11.5B | $-289.9M | ||
| Q1 24 | $11.1B | $-297.4M |
总资产APTVRH
| Q4 25 | $23.4B | $4.8B | ||
| Q3 25 | $23.5B | $4.7B | ||
| Q2 25 | $23.9B | $4.7B | ||
| Q1 25 | $23.1B | $4.6B | ||
| Q4 24 | $23.5B | $4.5B | ||
| Q3 24 | $24.8B | $4.4B | ||
| Q2 24 | $24.8B | $4.2B | ||
| Q1 24 | $23.6B | $4.1B |
负债/权益比APTVRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $83.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 9.4% |
| 资本支出强度资本支出/营收 | 3.2% | 5.5% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $128.1M |
8季度趋势，按日历期对齐
经营现金流APTVRH
| Q4 25 | $818.0M | $131.9M | ||
| Q3 25 | $584.0M | $137.7M | ||
| Q2 25 | $510.0M | $86.6M | ||
| Q1 25 | $273.0M | $-18.8M | ||
| Q4 24 | $1.1B | $-31.4M | ||
| Q3 24 | $499.0M | $11.2M | ||
| Q2 24 | $643.0M | $56.1M | ||
| Q1 24 | $244.0M | $-114.0M |
自由现金流APTVRH
| Q4 25 | $651.0M | $83.0M | ||
| Q3 25 | $441.0M | $80.7M | ||
| Q2 25 | $361.0M | $34.1M | ||
| Q1 25 | $76.0M | $-69.7M | ||
| Q4 24 | $894.0M | $-96.0M | ||
| Q3 24 | $326.0M | $-37.9M | ||
| Q2 24 | $417.0M | $-10.1M | ||
| Q1 24 | $-21.0M | $-251.5M |
自由现金流率APTVRH
| Q4 25 | 12.6% | 9.4% | ||
| Q3 25 | 8.5% | 9.0% | ||
| Q2 25 | 6.9% | 4.2% | ||
| Q1 25 | 1.6% | -8.6% | ||
| Q4 24 | 18.2% | -11.8% | ||
| Q3 24 | 6.7% | -4.6% | ||
| Q2 24 | 8.3% | -1.4% | ||
| Q1 24 | -0.4% | -34.1% |
资本支出强度APTVRH
| Q4 25 | 3.2% | 5.5% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 2.9% | 6.5% | ||
| Q1 25 | 4.1% | 6.3% | ||
| Q4 24 | 3.4% | 8.0% | ||
| Q3 24 | 3.6% | 5.9% | ||
| Q2 24 | 4.5% | 9.1% | ||
| Q1 24 | 5.4% | 18.6% |
现金转化率APTVRH
| Q4 25 | 5.93× | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | 1.30× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | 3.96× | -0.95× | ||
| Q3 24 | 1.37× | 0.39× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
