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亚玛芬体育（AS）与艾仕得（AXTA）财务数据对比。点击上方公司名可切换其他公司
艾仕得的季度营收约是亚玛芬体育的1.2倍（$1.3B vs $1.1B），艾仕得净利率更高（4.8% vs 1.8%，领先2.9%），艾仕得自由现金流更多（$286.0M vs $92.2M）
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。
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
AS vs AXTA — 直观对比
营收规模更大
AXTA
是对方的1.2倍
$1.1B
净利率更高
AXTA
高出2.9%
1.8%
自由现金流更多
AXTA
多$193.8M
$92.2M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $19.0M | $60.0M |
| 毛利率 | 52.8% | 33.4% |
| 营业利润率 | 12.4% | 12.8% |
| 净利率 | 1.8% | 4.8% |
| 营收同比 | — | -3.7% |
| 净利润同比 | — | -56.2% |
| 每股收益（稀释后） | $0.05 | $0.28 |
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ASAXTA
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $1.1B | $1.3B |
净利润ASAXTA
| Q4 25 | — | $60.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | — | $109.0M | ||
| Q1 25 | — | $99.0M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | — | $101.0M | ||
| Q2 24 | — | $112.0M | ||
| Q1 24 | $19.0M | $41.0M |
毛利率ASAXTA
| Q4 25 | — | 33.4% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 34.0% | ||
| Q1 24 | 52.8% | 33.2% |
营业利润率ASAXTA
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | 12.4% | 9.4% |
净利率ASAXTA
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | 1.8% | 3.2% |
每股收益（稀释后）ASAXTA
| Q4 25 | — | $0.28 | ||
| Q3 25 | — | $0.51 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $0.45 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | $0.05 | $0.18 |
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 | — | $657.0M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | — | $7.6B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资ASAXTA
| Q4 25 | — | $657.0M | ||
| Q3 25 | — | $606.0M | ||
| Q2 25 | — | $625.0M | ||
| Q1 25 | — | $575.0M | ||
| Q4 24 | — | $593.0M | ||
| Q3 24 | — | $567.0M | ||
| Q2 24 | — | $840.0M | ||
| Q1 24 | — | $624.0M |
总债务ASAXTA
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.4B |
股东权益ASAXTA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
总资产ASAXTA
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | — | $7.1B |
负债/权益比ASAXTA
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.84× | ||
| Q2 24 | — | 2.02× | ||
| Q1 24 | — | 1.97× |
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 | $344.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $286.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 22.7% |
| 资本支出强度资本支出/营收 | 2.1% | 4.6% |
| 现金转化率经营现金流/净利润 | 6.02× | 5.73× |
| 过去12个月自由现金流最近4个季度 | — | $453.0M |
8季度趋势，按日历期对齐
经营现金流ASAXTA
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $137.0M | ||
| Q2 25 | — | $142.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $234.0M | ||
| Q3 24 | — | $194.0M | ||
| Q2 24 | — | $114.0M | ||
| Q1 24 | $114.3M | $34.0M |
自由现金流ASAXTA
| Q4 25 | — | $286.0M | ||
| Q3 25 | — | $87.0M | ||
| Q2 25 | — | $97.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $172.0M | ||
| Q3 24 | — | $161.0M | ||
| Q2 24 | — | $91.0M | ||
| Q1 24 | $92.2M | $12.0M |
自由现金流率ASAXTA
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | 8.8% | 0.9% |
资本支出强度ASAXTA
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 2.1% | 1.7% |
现金转化率ASAXTA
| Q4 25 | — | 5.73× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.30× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | 6.02× | 0.83× |
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% |
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
