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安波福（APTV）与维谛技术（VRT）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维谛技术的1.9倍（$5.2B vs $2.6B），维谛技术净利率更高（14.7% vs 2.7%，领先12.0%），维谛技术同比增速更快（30.1% vs 5.0%），维谛技术自由现金流更多（$652.8M vs $651.0M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
APTV vs VRT — 直观对比
营收规模更大
APTV
是对方的1.9倍
$2.6B
营收增速更快
VRT
高出25.1%
5.0%
净利率更高
VRT
高出12.0%
2.7%
自由现金流更多
VRT
多$1.8M
$651.0M
两年增速更快
VRT
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $2.6B |
| 净利润 | $138.0M | $390.1M |
| 毛利率 | 18.7% | 37.7% |
| 营业利润率 | 8.2% | — |
| 净利率 | 2.7% | 14.7% |
| 营收同比 | 5.0% | 30.1% |
| 净利润同比 | -48.5% | 137.1% |
| 每股收益（稀释后） | $0.63 | $0.99 |
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APTVVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $4.9B | $2.3B | ||
| Q3 24 | $4.9B | $2.1B | ||
| Q2 24 | $5.1B | $2.0B |
净利润APTVVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $138.0M | $445.6M | ||
| Q3 25 | $-355.0M | $398.5M | ||
| Q2 25 | $393.0M | $324.2M | ||
| Q1 25 | $-11.0M | $164.5M | ||
| Q4 24 | $268.0M | $147.0M | ||
| Q3 24 | $363.0M | $176.6M | ||
| Q2 24 | $938.0M | $178.1M |
毛利率APTVVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 18.7% | 38.9% | ||
| Q3 25 | 19.5% | 37.8% | ||
| Q2 25 | 19.1% | 34.0% | ||
| Q1 25 | 19.1% | 33.7% | ||
| Q4 24 | 19.6% | 37.1% | ||
| Q3 24 | 18.6% | 36.5% | ||
| Q2 24 | 19.2% | 38.0% |
营业利润率APTVVRT
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 20.1% | ||
| Q3 25 | -3.4% | 19.3% | ||
| Q2 25 | 9.3% | 16.8% | ||
| Q1 25 | 9.3% | 14.3% | ||
| Q4 24 | 9.8% | 19.5% | ||
| Q3 24 | 10.4% | 17.9% | ||
| Q2 24 | 8.7% | 17.2% |
净利率APTVVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 2.7% | 15.5% | ||
| Q3 25 | -6.8% | 14.9% | ||
| Q2 25 | 7.5% | 12.3% | ||
| Q1 25 | -0.2% | 8.1% | ||
| Q4 24 | 5.5% | 6.3% | ||
| Q3 24 | 7.5% | 8.5% | ||
| Q2 24 | 18.6% | 9.1% |
每股收益（稀释后）APTVVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.63 | $1.14 | ||
| Q3 25 | $-1.63 | $1.02 | ||
| Q2 25 | $1.80 | $0.83 | ||
| Q1 25 | $-0.05 | $0.42 | ||
| Q4 24 | $1.22 | $0.38 | ||
| Q3 24 | $1.48 | $0.46 | ||
| Q2 24 | $3.47 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $7.5B | $0 |
| 股东权益账面价值 | $9.2B | $4.2B |
| 总资产 | $23.4B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APTVVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.8B | $908.7M | ||
| Q2 24 | $2.2B | $579.7M |
总债务APTVVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $7.5B | $2.9B | ||
| Q3 25 | $7.6B | $2.9B | ||
| Q2 25 | $7.8B | $2.9B | ||
| Q1 25 | $7.6B | $2.9B | ||
| Q4 24 | $7.8B | $2.9B | ||
| Q3 24 | $8.3B | $2.9B | ||
| Q2 24 | $5.5B | $2.9B |
股东权益APTVVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $9.2B | $3.9B | ||
| Q3 25 | $9.3B | $3.5B | ||
| Q2 25 | $9.7B | $3.1B | ||
| Q1 25 | $9.0B | $2.7B | ||
| Q4 24 | $8.8B | $2.4B | ||
| Q3 24 | $8.9B | $1.8B | ||
| Q2 24 | $11.5B | $1.5B |
总资产APTVVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $23.4B | $12.2B | ||
| Q3 25 | $23.5B | $10.8B | ||
| Q2 25 | $23.9B | $10.4B | ||
| Q1 25 | $23.1B | $9.5B | ||
| Q4 24 | $23.5B | $9.1B | ||
| Q3 24 | $24.8B | $8.9B | ||
| Q2 24 | $24.8B | $8.1B |
负债/权益比APTVVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.81× | 0.74× | ||
| Q3 25 | 0.82× | 0.83× | ||
| Q2 25 | 0.80× | 0.93× | ||
| Q1 25 | 0.85× | 1.10× | ||
| Q4 24 | 0.89× | 1.20× | ||
| Q3 24 | 0.93× | 1.62× | ||
| Q2 24 | 0.48× | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $652.8M |
| 自由现金流率自由现金流/营收 | 12.6% | 24.6% |
| 资本支出强度资本支出/营收 | 3.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 5.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $2.3B |
8季度趋势，按日历期对齐
经营现金流APTVVRT
| Q1 26 | — | — | ||
| Q4 25 | $818.0M | $978.9M | ||
| Q3 25 | $584.0M | $508.7M | ||
| Q2 25 | $510.0M | $322.9M | ||
| Q1 25 | $273.0M | $303.3M | ||
| Q4 24 | $1.1B | $425.2M | ||
| Q3 24 | $499.0M | $378.2M | ||
| Q2 24 | $643.0M | $378.4M |
自由现金流APTVVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $651.0M | $885.6M | ||
| Q3 25 | $441.0M | $463.5M | ||
| Q2 25 | $361.0M | $277.9M | ||
| Q1 25 | $76.0M | $266.8M | ||
| Q4 24 | $894.0M | $364.5M | ||
| Q3 24 | $326.0M | $341.8M | ||
| Q2 24 | $417.0M | $344.3M |
自由现金流率APTVVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 12.6% | 30.8% | ||
| Q3 25 | 8.5% | 17.3% | ||
| Q2 25 | 6.9% | 10.5% | ||
| Q1 25 | 1.6% | 13.1% | ||
| Q4 24 | 18.2% | 15.5% | ||
| Q3 24 | 6.7% | 16.5% | ||
| Q2 24 | 8.3% | 17.6% |
资本支出强度APTVVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.2% | 3.2% | ||
| Q3 25 | 2.7% | 1.7% | ||
| Q2 25 | 2.9% | 1.7% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 3.4% | 2.6% | ||
| Q3 24 | 3.6% | 1.8% | ||
| Q2 24 | 4.5% | 1.7% |
现金转化率APTVVRT
| Q1 26 | — | — | ||
| Q4 25 | 5.93× | 2.20× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 1.30× | 1.00× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | 3.96× | 2.89× | ||
| Q3 24 | 1.37× | 2.14× | ||
| Q2 24 | 0.69× | 2.12× |
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% |
VRT
暂无分部数据
