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安波福（APTV）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的6.7倍（$5.2B vs $766.5M）。安波福净利率更高（2.7% vs 2.2%，领先0.5%）。安波福同比增速更快（5.0% vs 2.5%）。安波福自由现金流更多（$651.0M vs $28.9M）。过去两年安波福的营收复合增速更高（2.5% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
APTV vs SCSC — 直观对比
营收规模更大
APTV
是对方的6.7倍
$766.5M
营收增速更快
APTV
高出2.5%
2.5%
净利率更高
APTV
高出0.5%
2.2%
自由现金流更多
APTV
多$622.1M
$28.9M
两年增速更快
APTV
近两年复合增速
0.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $766.5M |
| 净利润 | $138.0M | $16.5M |
| 毛利率 | 18.7% | 13.4% |
| 营业利润率 | 8.2% | 2.3% |
| 净利率 | 2.7% | 2.2% |
| 营收同比 | 5.0% | 2.5% |
| 净利润同比 | -48.5% | -3.3% |
| 每股收益（稀释后） | $0.63 | $0.75 |
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APTVSCSC
| Q4 25 | $5.2B | $766.5M | ||
| Q3 25 | $5.2B | $739.6M | ||
| Q2 25 | $5.2B | $812.9M | ||
| Q1 25 | $4.8B | $704.8M | ||
| Q4 24 | $4.9B | $747.5M | ||
| Q3 24 | $4.9B | $775.6M | ||
| Q2 24 | $5.1B | $746.1M | ||
| Q1 24 | $4.9B | $752.6M |
净利润APTVSCSC
| Q4 25 | $138.0M | $16.5M | ||
| Q3 25 | $-355.0M | $19.9M | ||
| Q2 25 | $393.0M | $20.1M | ||
| Q1 25 | $-11.0M | $17.4M | ||
| Q4 24 | $268.0M | $17.1M | ||
| Q3 24 | $363.0M | $17.0M | ||
| Q2 24 | $938.0M | $16.1M | ||
| Q1 24 | $218.0M | $12.8M |
毛利率APTVSCSC
| Q4 25 | 18.7% | 13.4% | ||
| Q3 25 | 19.5% | 14.5% | ||
| Q2 25 | 19.1% | 12.9% | ||
| Q1 25 | 19.1% | 14.2% | ||
| Q4 24 | 19.6% | 13.6% | ||
| Q3 24 | 18.6% | 13.1% | ||
| Q2 24 | 19.2% | 13.0% | ||
| Q1 24 | 17.9% | 12.6% |
营业利润率APTVSCSC
| Q4 25 | 8.2% | 2.3% | ||
| Q3 25 | -3.4% | 3.5% | ||
| Q2 25 | 9.3% | 3.3% | ||
| Q1 25 | 9.3% | 3.2% | ||
| Q4 24 | 9.8% | 2.5% | ||
| Q3 24 | 10.4% | 2.3% | ||
| Q2 24 | 8.7% | 2.9% | ||
| Q1 24 | 8.5% | 2.3% |
净利率APTVSCSC
| Q4 25 | 2.7% | 2.2% | ||
| Q3 25 | -6.8% | 2.7% | ||
| Q2 25 | 7.5% | 2.5% | ||
| Q1 25 | -0.2% | 2.5% | ||
| Q4 24 | 5.5% | 2.3% | ||
| Q3 24 | 7.5% | 2.2% | ||
| Q2 24 | 18.6% | 2.2% | ||
| Q1 24 | 4.4% | 1.7% |
每股收益（稀释后）APTVSCSC
| Q4 25 | $0.63 | $0.75 | ||
| Q3 25 | $-1.63 | $0.89 | ||
| Q2 25 | $1.80 | $0.87 | ||
| Q1 25 | $-0.05 | $0.74 | ||
| Q4 24 | $1.22 | $0.70 | ||
| Q3 24 | $1.48 | $0.69 | ||
| Q2 24 | $3.47 | $0.66 | ||
| Q1 24 | $0.79 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $910.9M |
| 总资产 | $23.4B | $1.7B |
| 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APTVSCSC
| Q4 25 | $1.9B | $83.5M | ||
| Q3 25 | $1.6B | $124.9M | ||
| Q2 25 | $1.4B | $126.2M | ||
| Q1 25 | $1.1B | $146.3M | ||
| Q4 24 | $1.6B | $110.5M | ||
| Q3 24 | $1.8B | $145.0M | ||
| Q2 24 | $2.2B | $185.5M | ||
| Q1 24 | $941.0M | $159.1M |
总债务APTVSCSC
| 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APTVSCSC
| Q4 25 | $9.2B | $910.9M | ||
| Q3 25 | $9.3B | $914.0M | ||
| Q2 25 | $9.7B | $906.4M | ||
| Q1 25 | $9.0B | $901.7M | ||
| Q4 24 | $8.8B | $900.7M | ||
| Q3 24 | $8.9B | $920.9M | ||
| Q2 24 | $11.5B | $924.3M | ||
| Q1 24 | $11.1B | $944.1M |
总资产APTVSCSC
| Q4 25 | $23.4B | $1.7B | ||
| Q3 25 | $23.5B | $1.7B | ||
| Q2 25 | $23.9B | $1.8B | ||
| Q1 25 | $23.1B | $1.7B | ||
| Q4 24 | $23.5B | $1.7B | ||
| Q3 24 | $24.8B | $1.8B | ||
| Q2 24 | $24.8B | $1.8B | ||
| Q1 24 | $23.6B | $1.8B |
负债/权益比APTVSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 12.6% | 3.8% |
| 资本支出强度资本支出/营收 | 3.2% | 0.3% |
| 现金转化率经营现金流/净利润 | 5.93× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流APTVSCSC
| Q4 25 | $818.0M | $30.8M | ||
| Q3 25 | $584.0M | $23.2M | ||
| Q2 25 | $510.0M | — | ||
| Q1 25 | $273.0M | $66.1M | ||
| Q4 24 | $1.1B | $-6.2M | ||
| Q3 24 | $499.0M | $44.8M | ||
| Q2 24 | $643.0M | — | ||
| Q1 24 | $244.0M | $160.2M |
自由现金流APTVSCSC
| Q4 25 | $651.0M | $28.9M | ||
| Q3 25 | $441.0M | $20.8M | ||
| Q2 25 | $361.0M | — | ||
| Q1 25 | $76.0M | $64.6M | ||
| Q4 24 | $894.0M | $-8.2M | ||
| Q3 24 | $326.0M | $42.5M | ||
| Q2 24 | $417.0M | — | ||
| Q1 24 | $-21.0M | $157.7M |
自由现金流率APTVSCSC
| Q4 25 | 12.6% | 3.8% | ||
| Q3 25 | 8.5% | 2.8% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 1.6% | 9.2% | ||
| Q4 24 | 18.2% | -1.1% | ||
| Q3 24 | 6.7% | 5.5% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | -0.4% | 21.0% |
资本支出强度APTVSCSC
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 4.1% | 0.2% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 4.5% | 0.2% | ||
| Q1 24 | 5.4% | 0.3% |
现金转化率APTVSCSC
| Q4 25 | 5.93× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 3.96× | -0.36× | ||
| Q3 24 | 1.37× | 2.64× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
