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安波福（APTV）与惠而浦（WHR）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惠而浦的1.3倍（$5.2B vs $4.1B）。安波福净利率更高（2.7% vs 2.7%，领先0.0%）。安波福同比增速更快（5.0% vs -0.9%）。惠而浦自由现金流更多（$989.0M vs $651.0M）。过去两年安波福的营收复合增速更高（2.5% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
APTV vs WHR — 直观对比
营收规模更大
APTV
是对方的1.3倍
$4.1B
营收增速更快
APTV
高出5.9%
-0.9%
净利率更高
APTV
高出0.0%
2.7%
自由现金流更多
WHR
多$338.0M
$651.0M
两年增速更快
APTV
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.1B |
| 净利润 | $138.0M | $109.0M |
| 毛利率 | 18.7% | 14.0% |
| 营业利润率 | 8.2% | 6.0% |
| 净利率 | 2.7% | 2.7% |
| 营收同比 | 5.0% | -0.9% |
| 净利润同比 | -48.5% | 127.8% |
| 每股收益（稀释后） | $0.63 | $1.92 |
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APTVWHR
| Q4 25 | $5.2B | $4.1B | ||
| Q3 25 | $5.2B | $4.0B | ||
| Q2 25 | $5.2B | $3.8B | ||
| Q1 25 | $4.8B | $3.6B | ||
| Q4 24 | $4.9B | $4.1B | ||
| Q3 24 | $4.9B | $4.0B | ||
| Q2 24 | $5.1B | $4.0B | ||
| Q1 24 | $4.9B | $4.5B |
净利润APTVWHR
| Q4 25 | $138.0M | $109.0M | ||
| Q3 25 | $-355.0M | $73.0M | ||
| Q2 25 | $393.0M | $65.0M | ||
| Q1 25 | $-11.0M | $71.0M | ||
| Q4 24 | $268.0M | $-392.0M | ||
| Q3 24 | $363.0M | $109.0M | ||
| Q2 24 | $938.0M | $219.0M | ||
| Q1 24 | $218.0M | $-259.0M |
毛利率APTVWHR
| Q4 25 | 18.7% | 14.0% | ||
| Q3 25 | 19.5% | 14.7% | ||
| Q2 25 | 19.1% | 16.2% | ||
| Q1 25 | 19.1% | 16.8% | ||
| Q4 24 | 19.6% | 16.2% | ||
| Q3 24 | 18.6% | 16.1% | ||
| Q2 24 | 19.2% | 15.7% | ||
| Q1 24 | 17.9% | 14.3% |
营业利润率APTVWHR
| Q4 25 | 8.2% | 6.0% | ||
| Q3 25 | -3.4% | 5.1% | ||
| Q2 25 | 9.3% | 5.4% | ||
| Q1 25 | 9.3% | 5.1% | ||
| Q4 24 | 9.8% | -3.3% | ||
| Q3 24 | 10.4% | 6.6% | ||
| Q2 24 | 8.7% | 3.3% | ||
| Q1 24 | 8.5% | -2.6% |
净利率APTVWHR
| Q4 25 | 2.7% | 2.7% | ||
| Q3 25 | -6.8% | 1.8% | ||
| Q2 25 | 7.5% | 1.7% | ||
| Q1 25 | -0.2% | 2.0% | ||
| Q4 24 | 5.5% | -9.5% | ||
| Q3 24 | 7.5% | 2.7% | ||
| Q2 24 | 18.6% | 5.5% | ||
| Q1 24 | 4.4% | -5.8% |
每股收益（稀释后）APTVWHR
| Q4 25 | $0.63 | $1.92 | ||
| Q3 25 | $-1.63 | $1.29 | ||
| Q2 25 | $1.80 | $1.17 | ||
| Q1 25 | $-0.05 | $1.28 | ||
| Q4 24 | $1.22 | $-7.11 | ||
| Q3 24 | $1.48 | $2.00 | ||
| Q2 24 | $3.47 | $3.96 | ||
| Q1 24 | $0.79 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | $7.5B | $6.2B |
| 股东权益账面价值 | $9.2B | $2.7B |
| 总资产 | $23.4B | $16.0B |
| 负债/权益比越低杠杆越低 | 0.81× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资APTVWHR
| Q4 25 | $1.9B | $669.0M | ||
| Q3 25 | $1.6B | $934.0M | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $941.0M | $1.2B |
总债务APTVWHR
| Q4 25 | $7.5B | $6.2B | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | $6.6B | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVWHR
| Q4 25 | $9.2B | $2.7B | ||
| Q3 25 | $9.3B | $2.6B | ||
| Q2 25 | $9.7B | $2.6B | ||
| Q1 25 | $9.0B | $2.6B | ||
| Q4 24 | $8.8B | $2.7B | ||
| Q3 24 | $8.9B | $3.0B | ||
| Q2 24 | $11.5B | $3.1B | ||
| Q1 24 | $11.1B | $2.4B |
总资产APTVWHR
| Q4 25 | $23.4B | $16.0B | ||
| Q3 25 | $23.5B | $16.9B | ||
| Q2 25 | $23.9B | $16.8B | ||
| Q1 25 | $23.1B | $16.5B | ||
| Q4 24 | $23.5B | $16.3B | ||
| Q3 24 | $24.8B | $17.2B | ||
| Q2 24 | $24.8B | $17.3B | ||
| Q1 24 | $23.6B | $17.4B |
负债/权益比APTVWHR
| Q4 25 | 0.81× | 2.26× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | 2.46× | ||
| 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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $989.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 24.1% |
| 资本支出强度资本支出/营收 | 3.2% | 3.7% |
| 现金转化率经营现金流/净利润 | 5.93× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $81.0M |
8季度趋势，按日历期对齐
经营现金流APTVWHR
| Q4 25 | $818.0M | $1.1B | ||
| Q3 25 | $584.0M | $33.0M | ||
| Q2 25 | $510.0M | $19.0M | ||
| Q1 25 | $273.0M | $-721.0M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $499.0M | $214.0M | ||
| Q2 24 | $643.0M | $388.0M | ||
| Q1 24 | $244.0M | $-873.0M |
自由现金流APTVWHR
| Q4 25 | $651.0M | $989.0M | ||
| Q3 25 | $441.0M | $-52.0M | ||
| Q2 25 | $361.0M | $-63.0M | ||
| Q1 25 | $76.0M | $-793.0M | ||
| Q4 24 | $894.0M | $970.0M | ||
| Q3 24 | $326.0M | $127.0M | ||
| Q2 24 | $417.0M | $275.0M | ||
| Q1 24 | $-21.0M | $-988.0M |
自由现金流率APTVWHR
| Q4 25 | 12.6% | 24.1% | ||
| Q3 25 | 8.5% | -1.3% | ||
| Q2 25 | 6.9% | -1.7% | ||
| Q1 25 | 1.6% | -21.9% | ||
| Q4 24 | 18.2% | 23.5% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 8.3% | 6.9% | ||
| Q1 24 | -0.4% | -22.0% |
资本支出强度APTVWHR
| Q4 25 | 3.2% | 3.7% | ||
| Q3 25 | 2.7% | 2.1% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 4.1% | 2.0% | ||
| Q4 24 | 3.4% | 3.3% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 4.5% | 2.8% | ||
| Q1 24 | 5.4% | 2.6% |
现金转化率APTVWHR
| Q4 25 | 5.93× | 10.45× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 1.30× | 0.29× | ||
| Q1 25 | — | -10.15× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 1.96× | ||
| Q2 24 | 0.69× | 1.77× | ||
| 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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
