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Athene Holding Ltd.（ATHS）与通用动力（GD）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是Athene Holding Ltd.的1.8倍（$14.4B vs $8.1B），通用动力净利率更高（7.9% vs 6.4%，领先1.5%），Athene Holding Ltd.同比增速更快（115.1% vs 7.8%），过去两年Athene Holding Ltd.的营收复合增速更高（19.2% vs 15.8%）
Athene Holding Ltd.是一家领先的退休服务提供商，主要面向美国市场的个人消费者及机构客户提供固定年金、指数年金、可变年金及定制退休储蓄解决方案，帮助客户实现退休后的长期财务稳定。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
ATHS vs GD — 直观对比
营收规模更大
GD
是对方的1.8倍
$8.1B
营收增速更快
ATHS
高出107.3%
7.8%
净利率更高
GD
高出1.5%
6.4%
两年增速更快
ATHS
近两年复合增速
15.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.1B | $14.4B |
| 净利润 | $523.0M | $1.1B |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 10.1% |
| 净利率 | 6.4% | 7.9% |
| 营收同比 | 115.1% | 7.8% |
| 净利润同比 | -48.5% | -0.4% |
| 每股收益（稀释后） | — | — |
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ATHSGD
| Q4 25 | $8.1B | $14.4B | ||
| Q3 25 | $8.0B | $12.9B | ||
| Q2 25 | $5.4B | $13.0B | ||
| Q1 25 | $4.2B | $12.2B | ||
| Q4 24 | $3.8B | $13.3B | ||
| Q3 24 | $6.5B | $11.7B | ||
| Q2 24 | $4.7B | $12.0B | ||
| Q1 24 | $5.7B | $10.7B |
净利润ATHSGD
| Q4 25 | $523.0M | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $464.0M | $1.0B | ||
| Q1 25 | $465.0M | $994.0M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $625.0M | $930.0M | ||
| Q2 24 | $629.0M | $905.0M | ||
| Q1 24 | $1.2B | $799.0M |
营业利润率ATHSGD
| Q4 25 | 16.9% | 10.1% | ||
| Q3 25 | 26.8% | 10.3% | ||
| Q2 25 | 12.2% | 10.0% | ||
| Q1 25 | 22.3% | 10.4% | ||
| Q4 24 | 30.4% | 10.7% | ||
| Q3 24 | 25.7% | 10.1% | ||
| Q2 24 | 22.0% | 9.7% | ||
| Q1 24 | 31.1% | 9.7% |
净利率ATHSGD
| Q4 25 | 6.4% | 7.9% | ||
| Q3 25 | 15.7% | 8.2% | ||
| Q2 25 | 8.7% | 7.8% | ||
| Q1 25 | 11.1% | 8.1% | ||
| Q4 24 | 26.8% | 8.6% | ||
| Q3 24 | 9.6% | 8.0% | ||
| Q2 24 | 13.5% | 7.6% | ||
| Q1 24 | 20.8% | 7.4% |
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 | — | $2.3B |
| 总债务越低越好 | $7.8B | $8.1B |
| 股东权益账面价值 | $20.5B | $25.6B |
| 总资产 | $442.2B | $57.2B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资ATHSGD
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $15.3B | $1.0B |
总债务ATHSGD
| Q4 25 | $7.8B | $8.1B | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | $8.8B | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
股东权益ATHSGD
| Q4 25 | $20.5B | $25.6B | ||
| Q3 25 | $20.4B | $24.4B | ||
| Q2 25 | $18.1B | $23.6B | ||
| Q1 25 | $17.5B | $22.2B | ||
| Q4 24 | $16.4B | $22.1B | ||
| Q3 24 | $17.4B | $23.0B | ||
| Q2 24 | $15.0B | $22.0B | ||
| Q1 24 | $14.8B | $21.4B |
总资产ATHSGD
| Q4 25 | $442.2B | $57.2B | ||
| Q3 25 | $429.9B | $57.6B | ||
| Q2 25 | $405.3B | $56.9B | ||
| Q1 25 | $381.5B | $56.6B | ||
| Q4 24 | $363.3B | $55.9B | ||
| Q3 24 | $355.0B | $57.3B | ||
| Q2 24 | $332.6B | $55.4B | ||
| Q1 24 | $320.6B | $55.2B |
负债/权益比ATHSGD
| Q4 25 | 0.38× | 0.32× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | 0.40× | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
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 | $3.0B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $952.0M |
| 自由现金流率自由现金流/营收 | — | 6.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | 5.82× | 1.37× |
| 过去12个月自由现金流最近4个季度 | — | $4.0B |
8季度趋势，按日历期对齐
经营现金流ATHSGD
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $636.0M | $2.1B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $426.0M | $-148.0M | ||
| Q4 24 | $386.0M | $2.2B | ||
| Q3 24 | $780.0M | $1.4B | ||
| Q2 24 | $525.0M | $814.0M | ||
| Q1 24 | $185.0M | $-278.0M |
自由现金流ATHSGD
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $-290.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $613.0M | ||
| Q1 24 | — | $-437.0M |
自由现金流率ATHSGD
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | -4.1% |
资本支出强度ATHSGD
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.5% |
现金转化率ATHSGD
| Q4 25 | 5.82× | 1.37× | ||
| Q3 25 | 0.51× | 1.99× | ||
| Q2 25 | 2.28× | 1.58× | ||
| Q1 25 | 0.92× | -0.15× | ||
| Q4 24 | 0.38× | 1.88× | ||
| Q3 24 | 1.25× | 1.52× | ||
| Q2 24 | 0.83× | 0.90× | ||
| Q1 24 | 0.16× | -0.35× |
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
ATHS
暂无分部数据
GD
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
