vs
亚玛芬体育（AS）与AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）财务数据对比。点击上方公司名可切换其他公司
AMERICAN AXLE & MANUFACTURING HOLDINGS INC的季度营收约是亚玛芬体育的1.3倍（$1.4B vs $1.1B），亚玛芬体育净利率更高（1.8% vs -5.4%，领先7.3%），亚玛芬体育自由现金流更多（$92.2M vs $54.7M）
亚玛芬体育是芬兰跨国运动装备企业，总部位于赫尔辛基，成立于1950年。早年为涉足烟草贸易、航运、出版等领域的多元化工业集团，后逐步转型专注于体育用品的生产与营销，现有员工超9700人，2018年起成为中国安踏体育旗下子公司。
美国车桥制造控股有限公司总部位于密歇根州底特律，是一家美国汽车传动轴与动力传动系统零部件及系统制造商，在汽车传动领域拥有成熟的技术与产能，为全球多家车企供应相关核心配件。
AS vs AXL — 直观对比
营收规模更大
AXL
是对方的1.3倍
$1.1B
净利率更高
AS
高出7.3%
-5.4%
自由现金流更多
AS
多$37.5M
$54.7M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $19.0M | $-75.3M |
| 毛利率 | 52.8% | 10.2% |
| 营业利润率 | 12.4% | -2.4% |
| 净利率 | 1.8% | -5.4% |
| 营收同比 | — | 0.2% |
| 净利润同比 | — | -449.6% |
| 每股收益（稀释后） | $0.05 | $-0.62 |
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ASAXL
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $1.1B | $1.6B |
净利润ASAXL
| Q4 25 | — | $-75.3M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $39.3M | ||
| Q1 25 | — | $7.1M | ||
| Q4 24 | — | $-13.7M | ||
| Q3 24 | — | $10.0M | ||
| Q2 24 | — | $18.2M | ||
| Q1 24 | $19.0M | $20.5M |
毛利率ASAXL
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 13.3% | ||
| Q1 24 | 52.8% | 12.4% |
营业利润率ASAXL
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | 12.4% | 4.8% |
净利率ASAXL
| Q4 25 | — | -5.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | -1.0% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | 1.8% | 1.3% |
每股收益（稀释后）ASAXL
| Q4 25 | — | $-0.62 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $0.08 | ||
| Q2 24 | — | $0.15 | ||
| Q1 24 | $0.05 | $0.17 |
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 | — | $708.9M |
| 总债务越低越好 | — | $4.0B |
| 股东权益账面价值 | — | $640.0M |
| 总资产 | — | $6.7B |
| 负债/权益比越低杠杆越低 | — | 6.31× |
8季度趋势，按日历期对齐
现金及短期投资ASAXL
| Q4 25 | — | $708.9M | ||
| Q3 25 | — | $714.1M | ||
| Q2 25 | — | $586.5M | ||
| Q1 25 | — | $549.2M | ||
| Q4 24 | — | $552.9M | ||
| Q3 24 | — | $542.5M | ||
| Q2 24 | — | $519.9M | ||
| Q1 24 | — | $469.8M |
总债务ASAXL
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益ASAXL
| Q4 25 | — | $640.0M | ||
| Q3 25 | — | $718.4M | ||
| Q2 25 | — | $673.0M | ||
| Q1 25 | — | $596.3M | ||
| Q4 24 | — | $562.8M | ||
| Q3 24 | — | $616.3M | ||
| Q2 24 | — | $609.6M | ||
| Q1 24 | — | $621.4M |
总资产ASAXL
| Q4 25 | — | $6.7B | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.4B |
负债/权益比ASAXL
| Q4 25 | — | 6.31× | ||
| Q3 25 | — | 3.61× | ||
| Q2 25 | — | 3.86× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | — | 4.58× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 4.42× | ||
| Q1 24 | — | 4.40× |
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 | $114.3M | $120.5M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $54.7M |
| 自由现金流率自由现金流/营收 | 8.8% | 4.0% |
| 资本支出强度资本支出/营收 | 2.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 6.02× | — |
| 过去12个月自由现金流最近4个季度 | — | $155.1M |
8季度趋势，按日历期对齐
经营现金流ASAXL
| Q4 25 | — | $120.5M | ||
| Q3 25 | — | $143.3M | ||
| Q2 25 | — | $91.9M | ||
| Q1 25 | — | $55.9M | ||
| Q4 24 | — | $151.2M | ||
| Q3 24 | — | $143.6M | ||
| Q2 24 | — | $142.8M | ||
| Q1 24 | $114.3M | $17.8M |
自由现金流ASAXL
| Q4 25 | — | $54.7M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | — | $70.4M | ||
| Q2 24 | — | $94.0M | ||
| Q1 24 | $92.2M | $-30.2M |
自由现金流率ASAXL
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | 8.8% | -1.9% |
资本支出强度ASAXL
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | 2.1% | 3.0% |
现金转化率ASAXL
| Q4 25 | — | — | ||
| Q3 25 | — | 15.58× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 7.87× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.36× | ||
| Q2 24 | — | 7.85× | ||
| Q1 24 | 6.02× | 0.87× |
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
AS
| Americas2 | $409.6M | 39% |
| EMEA1 | $356.9M | 34% |
| Greater China3 | $205.6M | 20% |
| Asia Pacific4 | $78.2M | 7% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
