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安波福（APTV）与Wendy's Co（WEN）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Wendy's Co的9.5倍（$5.2B vs $543.0M）。Wendy's Co净利率更高（4.9% vs 2.7%，领先2.2%）。安波福同比增速更快（5.0% vs -5.5%）。安波福自由现金流更多（$651.0M vs $31.4M）。过去两年安波福的营收复合增速更高（2.5% vs 0.8%）
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。
温蒂公司是美国知名快餐企业，是温蒂汉堡及First Kitchen的母公司，前身为Deisel-Wemmer公司，总部位于俄亥俄州都柏林。旗下核心子公司温蒂国际是温蒂汉堡餐厅的特许经营授权方，在全球快餐市场拥有较高的品牌辨识度。
APTV vs WEN — 直观对比
营收规模更大
APTV
是对方的9.5倍
$543.0M
营收增速更快
APTV
高出10.5%
-5.5%
净利率更高
WEN
高出2.2%
2.7%
自由现金流更多
APTV
多$619.6M
$31.4M
两年增速更快
APTV
近两年复合增速
0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $543.0M |
| 净利润 | $138.0M | $26.5M |
| 毛利率 | 18.7% | 62.7% |
| 营业利润率 | 8.2% | 11.8% |
| 净利率 | 2.7% | 4.9% |
| 营收同比 | 5.0% | -5.5% |
| 净利润同比 | -48.5% | -44.2% |
| 每股收益（稀释后） | $0.63 | $0.14 |
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APTVWEN
| Q4 25 | $5.2B | $543.0M | ||
| Q3 25 | $5.2B | $549.5M | ||
| Q2 25 | $5.2B | $560.9M | ||
| Q1 25 | $4.8B | $523.5M | ||
| Q4 24 | $4.9B | $574.3M | ||
| Q3 24 | $4.9B | $566.7M | ||
| Q2 24 | $5.1B | $570.7M | ||
| Q1 24 | $4.9B | $534.8M |
净利润APTVWEN
| Q4 25 | $138.0M | $26.5M | ||
| Q3 25 | $-355.0M | $44.3M | ||
| Q2 25 | $393.0M | $55.1M | ||
| Q1 25 | $-11.0M | $39.2M | ||
| Q4 24 | $268.0M | $47.5M | ||
| Q3 24 | $363.0M | $50.2M | ||
| Q2 24 | $938.0M | $54.6M | ||
| Q1 24 | $218.0M | $42.0M |
毛利率APTVWEN
| Q4 25 | 18.7% | 62.7% | ||
| Q3 25 | 19.5% | 62.8% | ||
| Q2 25 | 19.1% | 65.0% | ||
| Q1 25 | 19.1% | 64.1% | ||
| Q4 24 | 19.6% | 65.9% | ||
| Q3 24 | 18.6% | 65.5% | ||
| Q2 24 | 19.2% | 65.0% | ||
| Q1 24 | 17.9% | 64.1% |
营业利润率APTVWEN
| Q4 25 | 8.2% | 11.8% | ||
| Q3 25 | -3.4% | 16.8% | ||
| Q2 25 | 9.3% | 18.6% | ||
| Q1 25 | 9.3% | 15.9% | ||
| Q4 24 | 9.8% | 16.7% | ||
| Q3 24 | 10.4% | 16.7% | ||
| Q2 24 | 8.7% | 17.4% | ||
| Q1 24 | 8.5% | 15.2% |
净利率APTVWEN
| Q4 25 | 2.7% | 4.9% | ||
| Q3 25 | -6.8% | 8.1% | ||
| Q2 25 | 7.5% | 9.8% | ||
| Q1 25 | -0.2% | 7.5% | ||
| Q4 24 | 5.5% | 8.3% | ||
| Q3 24 | 7.5% | 8.9% | ||
| Q2 24 | 18.6% | 9.6% | ||
| Q1 24 | 4.4% | 7.9% |
每股收益（稀释后）APTVWEN
| Q4 25 | $0.63 | $0.14 | ||
| Q3 25 | $-1.63 | $0.23 | ||
| Q2 25 | $1.80 | $0.29 | ||
| Q1 25 | $-0.05 | $0.19 | ||
| Q4 24 | $1.22 | $0.23 | ||
| Q3 24 | $1.48 | $0.25 | ||
| Q2 24 | $3.47 | $0.27 | ||
| Q1 24 | $0.79 | $0.20 |
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 | $300.8M |
| 总债务越低越好 | $7.5B | $2.8B |
| 股东权益账面价值 | $9.2B | $117.4M |
| 总资产 | $23.4B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.81× | 23.51× |
8季度趋势，按日历期对齐
现金及短期投资APTVWEN
| Q4 25 | $1.9B | $300.8M | ||
| Q3 25 | $1.6B | $291.4M | ||
| Q2 25 | $1.4B | $281.2M | ||
| Q1 25 | $1.1B | $335.3M | ||
| Q4 24 | $1.6B | $450.5M | ||
| Q3 24 | $1.8B | $482.2M | ||
| Q2 24 | $2.2B | $465.5M | ||
| Q1 24 | $941.0M | $498.3M |
总债务APTVWEN
| Q4 25 | $7.5B | $2.8B | ||
| Q3 25 | $7.6B | $2.7B | ||
| Q2 25 | $7.8B | $2.7B | ||
| Q1 25 | $7.6B | $2.7B | ||
| Q4 24 | $7.8B | $2.7B | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVWEN
| Q4 25 | $9.2B | $117.4M | ||
| Q3 25 | $9.3B | $109.2M | ||
| Q2 25 | $9.7B | $112.9M | ||
| Q1 25 | $9.0B | $130.2M | ||
| Q4 24 | $8.8B | $259.4M | ||
| Q3 24 | $8.9B | $259.9M | ||
| Q2 24 | $11.5B | $273.8M | ||
| Q1 24 | $11.1B | $293.7M |
总资产APTVWEN
| Q4 25 | $23.4B | $5.0B | ||
| Q3 25 | $23.5B | $5.0B | ||
| Q2 25 | $23.9B | $4.9B | ||
| Q1 25 | $23.1B | $4.9B | ||
| Q4 24 | $23.5B | $5.0B | ||
| Q3 24 | $24.8B | $5.1B | ||
| Q2 24 | $24.8B | $5.1B | ||
| Q1 24 | $23.6B | $5.2B |
负债/权益比APTVWEN
| Q4 25 | 0.81× | 23.51× | ||
| Q3 25 | 0.82× | 24.95× | ||
| Q2 25 | 0.80× | 24.18× | ||
| Q1 25 | 0.85× | 21.00× | ||
| Q4 24 | 0.89× | 10.57× | ||
| 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 | $69.3M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $31.4M |
| 自由现金流率自由现金流/营收 | 12.6% | 5.8% |
| 资本支出强度资本支出/营收 | 3.2% | 7.0% |
| 现金转化率经营现金流/净利润 | 5.93× | 2.62× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $242.6M |
8季度趋势，按日历期对齐
经营现金流APTVWEN
| Q4 25 | $818.0M | $69.3M | ||
| Q3 25 | $584.0M | $129.3M | ||
| Q2 25 | $510.0M | $60.6M | ||
| Q1 25 | $273.0M | $85.4M | ||
| Q4 24 | $1.1B | $68.6M | ||
| Q3 24 | $499.0M | $141.2M | ||
| Q2 24 | $643.0M | $45.5M | ||
| Q1 24 | $244.0M | $100.0M |
自由现金流APTVWEN
| Q4 25 | $651.0M | $31.4M | ||
| Q3 25 | $441.0M | $104.3M | ||
| Q2 25 | $361.0M | $39.2M | ||
| Q1 25 | $76.0M | $67.7M | ||
| Q4 24 | $894.0M | $26.6M | ||
| Q3 24 | $326.0M | $123.3M | ||
| Q2 24 | $417.0M | $28.4M | ||
| Q1 24 | $-21.0M | $82.6M |
自由现金流率APTVWEN
| Q4 25 | 12.6% | 5.8% | ||
| Q3 25 | 8.5% | 19.0% | ||
| Q2 25 | 6.9% | 7.0% | ||
| Q1 25 | 1.6% | 12.9% | ||
| Q4 24 | 18.2% | 4.6% | ||
| Q3 24 | 6.7% | 21.8% | ||
| Q2 24 | 8.3% | 5.0% | ||
| Q1 24 | -0.4% | 15.5% |
资本支出强度APTVWEN
| Q4 25 | 3.2% | 7.0% | ||
| Q3 25 | 2.7% | 4.5% | ||
| Q2 25 | 2.9% | 3.8% | ||
| Q1 25 | 4.1% | 3.4% | ||
| Q4 24 | 3.4% | 7.3% | ||
| Q3 24 | 3.6% | 3.2% | ||
| Q2 24 | 4.5% | 3.0% | ||
| Q1 24 | 5.4% | 3.2% |
现金转化率APTVWEN
| Q4 25 | 5.93× | 2.62× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | 1.30× | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | 3.96× | 1.44× | ||
| Q3 24 | 1.37× | 2.81× | ||
| Q2 24 | 0.69× | 0.83× | ||
| Q1 24 | 1.12× | 2.38× |
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% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
