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安波福（APTV）与威富集团（VFC）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威富集团的1.8倍（$5.2B vs $2.9B）。威富集团净利率更高（10.5% vs 2.7%，领先7.8%）。安波福同比增速更快（5.0% vs 1.5%）。威富集团自由现金流更多（$977.9M vs $651.0M）。过去两年威富集团的营收复合增速更高（10.1% 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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
APTV vs VFC — 直观对比
营收规模更大
APTV
是对方的1.8倍
$2.9B
营收增速更快
APTV
高出3.5%
1.5%
净利率更高
VFC
高出7.8%
2.7%
自由现金流更多
VFC
多$326.9M
$651.0M
两年增速更快
VFC
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $2.9B |
| 净利润 | $138.0M | $300.8M |
| 毛利率 | 18.7% | 56.6% |
| 营业利润率 | 8.2% | 10.1% |
| 净利率 | 2.7% | 10.5% |
| 营收同比 | 5.0% | 1.5% |
| 净利润同比 | -48.5% | 79.3% |
| 每股收益（稀释后） | $0.63 | $0.76 |
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APTVVFC
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.2B | $2.8B | ||
| Q2 25 | $5.2B | $1.8B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $4.9B | $2.8B | ||
| Q3 24 | $4.9B | $2.8B | ||
| Q2 24 | $5.1B | $1.9B | ||
| Q1 24 | $4.9B | $2.4B |
净利润APTVVFC
| Q4 25 | $138.0M | $300.8M | ||
| Q3 25 | $-355.0M | $189.8M | ||
| Q2 25 | $393.0M | $-116.4M | ||
| Q1 25 | $-11.0M | $-150.8M | ||
| Q4 24 | $268.0M | $167.8M | ||
| Q3 24 | $363.0M | $52.2M | ||
| Q2 24 | $938.0M | $-258.9M | ||
| Q1 24 | $218.0M | $-418.3M |
毛利率APTVVFC
| Q4 25 | 18.7% | 56.6% | ||
| Q3 25 | 19.5% | 52.2% | ||
| Q2 25 | 19.1% | 53.9% | ||
| Q1 25 | 19.1% | 52.7% | ||
| Q4 24 | 19.6% | 56.3% | ||
| Q3 24 | 18.6% | 52.2% | ||
| Q2 24 | 19.2% | 52.0% | ||
| Q1 24 | 17.9% | 48.4% |
营业利润率APTVVFC
| Q4 25 | 8.2% | 10.1% | ||
| Q3 25 | -3.4% | 11.2% | ||
| Q2 25 | 9.3% | -4.9% | ||
| Q1 25 | 9.3% | 2.2% | ||
| Q4 24 | 9.8% | 8.0% | ||
| Q3 24 | 10.4% | 9.9% | ||
| Q2 24 | 8.7% | -12.6% | ||
| Q1 24 | 8.5% | -15.0% |
净利率APTVVFC
| Q4 25 | 2.7% | 10.5% | ||
| Q3 25 | -6.8% | 6.8% | ||
| Q2 25 | 7.5% | -6.6% | ||
| Q1 25 | -0.2% | -7.5% | ||
| Q4 24 | 5.5% | 5.9% | ||
| Q3 24 | 7.5% | 1.9% | ||
| Q2 24 | 18.6% | -13.6% | ||
| Q1 24 | 4.4% | -17.6% |
每股收益（稀释后）APTVVFC
| Q4 25 | $0.63 | $0.76 | ||
| Q3 25 | $-1.63 | $0.48 | ||
| Q2 25 | $1.80 | $-0.30 | ||
| Q1 25 | $-0.05 | $-0.37 | ||
| Q4 24 | $1.22 | $0.43 | ||
| Q3 24 | $1.48 | $0.13 | ||
| Q2 24 | $3.47 | $-0.67 | ||
| Q1 24 | $0.79 | $-1.07 |
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 | $1.5B |
| 总债务越低越好 | $7.5B | $3.6B |
| 股东权益账面价值 | $9.2B | $1.8B |
| 总资产 | $23.4B | $10.4B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资APTVVFC
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.6B | $419.1M | ||
| Q2 25 | $1.4B | $642.4M | ||
| Q1 25 | $1.1B | $429.4M | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.8B | $492.2M | ||
| Q2 24 | $2.2B | $637.4M | ||
| Q1 24 | $941.0M | $674.6M |
总债务APTVVFC
| Q4 25 | $7.5B | $3.6B | ||
| Q3 25 | $7.6B | $3.5B | ||
| Q2 25 | $7.8B | $3.6B | ||
| Q1 25 | $7.6B | $3.4B | ||
| Q4 24 | $7.8B | $3.9B | ||
| Q3 24 | $8.3B | $4.0B | ||
| Q2 24 | $5.5B | $3.9B | ||
| Q1 24 | $4.7B | $4.7B |
股东权益APTVVFC
| Q4 25 | $9.2B | $1.8B | ||
| Q3 25 | $9.3B | $1.5B | ||
| Q2 25 | $9.7B | $1.3B | ||
| Q1 25 | $9.0B | $1.5B | ||
| Q4 24 | $8.8B | $1.7B | ||
| Q3 24 | $8.9B | $1.4B | ||
| Q2 24 | $11.5B | $1.4B | ||
| Q1 24 | $11.1B | $1.7B |
总资产APTVVFC
| Q4 25 | $23.4B | $10.4B | ||
| Q3 25 | $23.5B | $10.6B | ||
| Q2 25 | $23.9B | $10.2B | ||
| Q1 25 | $23.1B | $9.4B | ||
| Q4 24 | $23.5B | $10.6B | ||
| Q3 24 | $24.8B | $12.2B | ||
| Q2 24 | $24.8B | $11.5B | ||
| Q1 24 | $23.6B | $11.6B |
负债/权益比APTVVFC
| Q4 25 | 0.81× | 1.99× | ||
| Q3 25 | 0.82× | 2.40× | ||
| Q2 25 | 0.80× | 2.76× | ||
| Q1 25 | 0.85× | 2.30× | ||
| Q4 24 | 0.89× | 2.31× | ||
| Q3 24 | 0.93× | 2.86× | ||
| Q2 24 | 0.48× | 2.84× | ||
| Q1 24 | 0.42× | 2.84× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $977.9M |
| 自由现金流率自由现金流/营收 | 12.6% | 34.0% |
| 资本支出强度资本支出/营收 | 3.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 5.93× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $357.6M |
8季度趋势，按日历期对齐
经营现金流APTVVFC
| Q4 25 | $818.0M | $1.0B | ||
| Q3 25 | $584.0M | $-227.0M | ||
| Q2 25 | $510.0M | $-145.5M | ||
| Q1 25 | $273.0M | $-171.1M | ||
| Q4 24 | $1.1B | $918.1M | ||
| Q3 24 | $499.0M | $-301.6M | ||
| Q2 24 | $643.0M | $19.8M | ||
| Q1 24 | $244.0M | — |
自由现金流APTVVFC
| Q4 25 | $651.0M | $977.9M | ||
| Q3 25 | $441.0M | $-253.5M | ||
| Q2 25 | $361.0M | $-173.7M | ||
| Q1 25 | $76.0M | $-193.0M | ||
| Q4 24 | $894.0M | $899.7M | ||
| Q3 24 | $326.0M | $-322.4M | ||
| Q2 24 | $417.0M | $-5.4M | ||
| Q1 24 | $-21.0M | — |
自由现金流率APTVVFC
| Q4 25 | 12.6% | 34.0% | ||
| Q3 25 | 8.5% | -9.0% | ||
| Q2 25 | 6.9% | -9.9% | ||
| Q1 25 | 1.6% | -9.6% | ||
| Q4 24 | 18.2% | 31.7% | ||
| Q3 24 | 6.7% | -11.7% | ||
| Q2 24 | 8.3% | -0.3% | ||
| Q1 24 | -0.4% | — |
资本支出强度APTVVFC
| Q4 25 | 3.2% | 1.1% | ||
| Q3 25 | 2.7% | 0.9% | ||
| Q2 25 | 2.9% | 1.6% | ||
| Q1 25 | 4.1% | 1.1% | ||
| Q4 24 | 3.4% | 0.6% | ||
| Q3 24 | 3.6% | 0.8% | ||
| Q2 24 | 4.5% | 1.3% | ||
| Q1 24 | 5.4% | — |
现金转化率APTVVFC
| Q4 25 | 5.93× | 3.36× | ||
| Q3 25 | — | -1.20× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.96× | 5.47× | ||
| Q3 24 | 1.37× | -5.78× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
