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安波福（APTV）与US Foods Holding Corp.（USFD）财务数据对比。点击上方公司名可切换其他公司
US Foods Holding Corp.的季度营收约是安波福的1.9倍（$9.8B vs $5.2B）。安波福净利率更高（2.7% vs 1.9%，领先0.8%）。安波福同比增速更快（5.0% vs 3.3%）。安波福自由现金流更多（$651.0M vs $159.0M）。过去两年US Foods Holding Corp.的营收复合增速更高（4.6% 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。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
APTV vs USFD — 直观对比
营收规模更大
USFD
是对方的1.9倍
$5.2B
营收增速更快
APTV
高出1.8%
3.3%
净利率更高
APTV
高出0.8%
1.9%
自由现金流更多
APTV
多$492.0M
$159.0M
两年增速更快
USFD
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $9.8B |
| 净利润 | $138.0M | $184.0M |
| 毛利率 | 18.7% | 17.6% |
| 营业利润率 | 8.2% | 3.3% |
| 净利率 | 2.7% | 1.9% |
| 营收同比 | 5.0% | 3.3% |
| 净利润同比 | -48.5% | 178.8% |
| 每股收益（稀释后） | $0.63 | $0.82 |
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APTVUSFD
| Q4 25 | $5.2B | $9.8B | ||
| Q3 25 | $5.2B | $10.2B | ||
| Q2 25 | $5.2B | $10.1B | ||
| Q1 25 | $4.8B | $9.4B | ||
| Q4 24 | $4.9B | $9.5B | ||
| Q3 24 | $4.9B | $9.7B | ||
| Q2 24 | $5.1B | $9.7B | ||
| Q1 24 | $4.9B | $8.9B |
净利润APTVUSFD
| Q4 25 | $138.0M | $184.0M | ||
| Q3 25 | $-355.0M | $153.0M | ||
| Q2 25 | $393.0M | $224.0M | ||
| Q1 25 | $-11.0M | $115.0M | ||
| Q4 24 | $268.0M | $66.0M | ||
| Q3 24 | $363.0M | $148.0M | ||
| Q2 24 | $938.0M | $198.0M | ||
| Q1 24 | $218.0M | $82.0M |
毛利率APTVUSFD
| Q4 25 | 18.7% | 17.6% | ||
| Q3 25 | 19.5% | 17.2% | ||
| Q2 25 | 19.1% | 17.6% | ||
| Q1 25 | 19.1% | 17.3% | ||
| Q4 24 | 19.6% | 17.6% | ||
| Q3 24 | 18.6% | 17.1% | ||
| Q2 24 | 19.2% | 17.6% | ||
| Q1 24 | 17.9% | 16.7% |
营业利润率APTVUSFD
| Q4 25 | 8.2% | 3.3% | ||
| Q3 25 | -3.4% | 2.8% | ||
| Q2 25 | 9.3% | 3.7% | ||
| Q1 25 | 9.3% | 2.4% | ||
| Q4 24 | 9.8% | 3.2% | ||
| Q3 24 | 10.4% | 2.9% | ||
| Q2 24 | 8.7% | 3.6% | ||
| Q1 24 | 8.5% | 1.8% |
净利率APTVUSFD
| Q4 25 | 2.7% | 1.9% | ||
| Q3 25 | -6.8% | 1.5% | ||
| Q2 25 | 7.5% | 2.2% | ||
| Q1 25 | -0.2% | 1.2% | ||
| Q4 24 | 5.5% | 0.7% | ||
| Q3 24 | 7.5% | 1.5% | ||
| Q2 24 | 18.6% | 2.0% | ||
| Q1 24 | 4.4% | 0.9% |
每股收益（稀释后）APTVUSFD
| Q4 25 | $0.63 | $0.82 | ||
| Q3 25 | $-1.63 | $0.67 | ||
| Q2 25 | $1.80 | $0.96 | ||
| Q1 25 | $-0.05 | $0.49 | ||
| Q4 24 | $1.22 | $0.28 | ||
| Q3 24 | $1.48 | $0.61 | ||
| Q2 24 | $3.47 | $0.80 | ||
| Q1 24 | $0.79 | $0.33 |
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 | $41.0M |
| 总债务越低越好 | $7.5B | $5.1B |
| 股东权益账面价值 | $9.2B | $4.3B |
| 总资产 | $23.4B | $13.9B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资APTVUSFD
| Q4 25 | $1.9B | $41.0M | ||
| Q3 25 | $1.6B | $56.0M | ||
| Q2 25 | $1.4B | $61.0M | ||
| Q1 25 | $1.1B | $101.0M | ||
| Q4 24 | $1.6B | $59.0M | ||
| Q3 24 | $1.8B | $81.0M | ||
| Q2 24 | $2.2B | $405.0M | ||
| Q1 24 | $941.0M | $267.0M |
总债务APTVUSFD
| Q4 25 | $7.5B | $5.1B | ||
| Q3 25 | $7.6B | $4.8B | ||
| Q2 25 | $7.8B | $4.7B | ||
| Q1 25 | $7.6B | $4.7B | ||
| Q4 24 | $7.8B | $4.8B | ||
| Q3 24 | $8.3B | $4.7B | ||
| Q2 24 | $5.5B | $4.6B | ||
| Q1 24 | $4.7B | $4.6B |
股东权益APTVUSFD
| Q4 25 | $9.2B | $4.3B | ||
| Q3 25 | $9.3B | $4.5B | ||
| Q2 25 | $9.7B | $4.6B | ||
| Q1 25 | $9.0B | $4.6B | ||
| Q4 24 | $8.8B | $4.5B | ||
| Q3 24 | $8.9B | $4.6B | ||
| Q2 24 | $11.5B | $5.0B | ||
| Q1 24 | $11.1B | $4.8B |
总资产APTVUSFD
| Q4 25 | $23.4B | $13.9B | ||
| Q3 25 | $23.5B | $14.0B | ||
| Q2 25 | $23.9B | $13.8B | ||
| Q1 25 | $23.1B | $13.7B | ||
| Q4 24 | $23.5B | $13.4B | ||
| Q3 24 | $24.8B | $13.5B | ||
| Q2 24 | $24.8B | $13.7B | ||
| Q1 24 | $23.6B | $13.4B |
负债/权益比APTVUSFD
| Q4 25 | 0.81× | 1.18× | ||
| Q3 25 | 0.82× | 1.08× | ||
| Q2 25 | 0.80× | 1.02× | ||
| Q1 25 | 0.85× | 1.02× | ||
| Q4 24 | 0.89× | 1.06× | ||
| Q3 24 | 0.93× | 1.01× | ||
| Q2 24 | 0.48× | 0.92× | ||
| Q1 24 | 0.42× | 0.95× |
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 | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $159.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 1.6% |
| 资本支出强度资本支出/营收 | 3.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.93× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $959.0M |
8季度趋势，按日历期对齐
经营现金流APTVUSFD
| Q4 25 | $818.0M | $293.0M | ||
| Q3 25 | $584.0M | $351.0M | ||
| Q2 25 | $510.0M | $334.0M | ||
| Q1 25 | $273.0M | $391.0M | ||
| Q4 24 | $1.1B | $283.0M | ||
| Q3 24 | $499.0M | $270.0M | ||
| Q2 24 | $643.0M | $482.0M | ||
| Q1 24 | $244.0M | $139.0M |
自由现金流APTVUSFD
| Q4 25 | $651.0M | $159.0M | ||
| Q3 25 | $441.0M | $236.0M | ||
| Q2 25 | $361.0M | $257.0M | ||
| Q1 25 | $76.0M | $307.0M | ||
| Q4 24 | $894.0M | $178.0M | ||
| Q3 24 | $326.0M | $190.0M | ||
| Q2 24 | $417.0M | $413.0M | ||
| Q1 24 | $-21.0M | $52.0M |
自由现金流率APTVUSFD
| Q4 25 | 12.6% | 1.6% | ||
| Q3 25 | 8.5% | 2.3% | ||
| Q2 25 | 6.9% | 2.5% | ||
| Q1 25 | 1.6% | 3.3% | ||
| Q4 24 | 18.2% | 1.9% | ||
| Q3 24 | 6.7% | 2.0% | ||
| Q2 24 | 8.3% | 4.3% | ||
| Q1 24 | -0.4% | 0.6% |
资本支出强度APTVUSFD
| Q4 25 | 3.2% | 1.4% | ||
| Q3 25 | 2.7% | 1.1% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 4.1% | 0.9% | ||
| Q4 24 | 3.4% | 1.1% | ||
| Q3 24 | 3.6% | 0.8% | ||
| Q2 24 | 4.5% | 0.7% | ||
| Q1 24 | 5.4% | 1.0% |
现金转化率APTVUSFD
| Q4 25 | 5.93× | 1.59× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | 1.30× | 1.49× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 3.96× | 4.29× | ||
| Q3 24 | 1.37× | 1.82× | ||
| Q2 24 | 0.69× | 2.43× | ||
| Q1 24 | 1.12× | 1.70× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
