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ATI INC（ATI）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ATI INC的1.2倍（$1.4B vs $1.2B），ATI INC净利率更高（10.3% vs -5.4%，领先15.7%），ATI INC同比增速更快（0.6% vs 0.2%），过去两年ATI INC的营收复合增速更高（2.5% vs -7.2%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs AXL — 直观对比
营收规模更大
AXL
是对方的1.2倍
$1.2B
营收增速更快
ATI
高出0.4%
0.2%
净利率更高
ATI
高出15.7%
-5.4%
两年增速更快
ATI
近两年复合增速
-7.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $118.2M | $-75.3M |
| 毛利率 | 22.8% | 10.2% |
| 营业利润率 | 14.2% | -2.4% |
| 净利率 | 10.3% | -5.4% |
| 营收同比 | 0.6% | 0.2% |
| 净利润同比 | 21.9% | -449.6% |
| 每股收益（稀释后） | $0.85 | $-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ATIAXL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B |
净利润ATIAXL
| Q1 26 | $118.2M | — | ||
| Q4 25 | $96.6M | $-75.3M | ||
| Q3 25 | $110.0M | $9.2M | ||
| Q2 25 | $100.7M | $39.3M | ||
| Q1 25 | $97.0M | $7.1M | ||
| Q4 24 | $137.1M | $-13.7M | ||
| Q3 24 | $82.7M | $10.0M | ||
| Q2 24 | $81.9M | $18.2M |
毛利率ATIAXL
| Q1 26 | 22.8% | — | ||
| Q4 25 | 23.2% | 10.2% | ||
| Q3 25 | 22.7% | 12.6% | ||
| Q2 25 | 21.3% | 13.1% | ||
| Q1 25 | 20.6% | 12.3% | ||
| Q4 24 | 21.2% | 11.2% | ||
| Q3 24 | 21.4% | 11.4% | ||
| Q2 24 | 20.8% | 13.3% |
营业利润率ATIAXL
| Q1 26 | 14.2% | — | ||
| Q4 25 | 14.5% | -2.4% | ||
| Q3 25 | 14.4% | 3.2% | ||
| Q2 25 | 14.1% | 3.6% | ||
| Q1 25 | 12.8% | 3.0% | ||
| Q4 24 | 17.8% | 2.6% | ||
| Q3 24 | 13.5% | 2.8% | ||
| Q2 24 | 13.0% | 5.3% |
净利率ATIAXL
| Q1 26 | 10.3% | — | ||
| Q4 25 | 8.2% | -5.4% | ||
| Q3 25 | 9.8% | 0.6% | ||
| Q2 25 | 8.8% | 2.6% | ||
| Q1 25 | 8.5% | 0.5% | ||
| Q4 24 | 11.7% | -1.0% | ||
| Q3 24 | 7.9% | 0.7% | ||
| Q2 24 | 7.5% | 1.1% |
每股收益（稀释后）ATIAXL
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.70 | $-0.62 | ||
| Q3 25 | $0.78 | $0.07 | ||
| Q2 25 | $0.70 | $0.32 | ||
| Q1 25 | $0.67 | $0.06 | ||
| Q4 24 | $0.94 | $-0.11 | ||
| Q3 24 | $0.57 | $0.08 | ||
| Q2 24 | $0.58 | $0.15 |
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 | $401.7M | $708.9M |
| 总债务越低越好 | $1.8B | $4.0B |
| 股东权益账面价值 | $1.9B | $640.0M |
| 总资产 | $5.2B | $6.7B |
| 负债/权益比越低杠杆越低 | 0.95× | 6.31× |
8季度趋势，按日历期对齐
现金及短期投资ATIAXL
| Q1 26 | $401.7M | — | ||
| Q4 25 | $416.7M | $708.9M | ||
| Q3 25 | $372.2M | $714.1M | ||
| Q2 25 | $319.6M | $586.5M | ||
| Q1 25 | $475.8M | $549.2M | ||
| Q4 24 | $721.2M | $552.9M | ||
| Q3 24 | $406.6M | $542.5M | ||
| Q2 24 | $425.6M | $519.9M |
总债务ATIAXL
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.7B | $4.0B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.9B | $2.6B | ||
| Q2 24 | $1.9B | $2.7B |
股东权益ATIAXL
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $640.0M | ||
| Q3 25 | $1.7B | $718.4M | ||
| Q2 25 | $1.7B | $673.0M | ||
| Q1 25 | $1.9B | $596.3M | ||
| Q4 24 | $1.9B | $562.8M | ||
| Q3 24 | $1.8B | $616.3M | ||
| Q2 24 | $1.4B | $609.6M |
总资产ATIAXL
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.1B | $6.7B | ||
| Q3 25 | $5.0B | $5.3B | ||
| Q2 25 | $5.0B | $5.3B | ||
| Q1 25 | $5.2B | $5.1B | ||
| Q4 24 | $5.2B | $5.1B | ||
| Q3 24 | $5.1B | $5.3B | ||
| Q2 24 | $4.9B | $5.3B |
负债/权益比ATIAXL
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.95× | 6.31× | ||
| Q3 25 | 1.00× | 3.61× | ||
| Q2 25 | 0.98× | 3.86× | ||
| Q1 25 | 0.91× | 4.38× | ||
| Q4 24 | 0.93× | 4.58× | ||
| Q3 24 | 1.04× | 4.28× | ||
| Q2 24 | 1.37× | 4.42× |
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 | — | $120.5M |
| 自由现金流经营现金流 - 资本支出 | — | $54.7M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 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ATIAXL
| Q1 26 | — | — | ||
| Q4 25 | $315.8M | $120.5M | ||
| Q3 25 | $229.5M | $143.3M | ||
| Q2 25 | $161.5M | $91.9M | ||
| Q1 25 | $-92.5M | $55.9M | ||
| Q4 24 | $380.9M | $151.2M | ||
| Q3 24 | $24.0M | $143.6M | ||
| Q2 24 | $101.1M | $142.8M |
自由现金流ATIAXL
| Q1 26 | — | — | ||
| Q4 25 | $223.1M | $54.7M | ||
| Q3 25 | $167.0M | $79.2M | ||
| Q2 25 | $89.4M | $34.6M | ||
| Q1 25 | $-145.8M | $-13.4M | ||
| Q4 24 | $333.6M | $73.2M | ||
| Q3 24 | $-41.8M | $70.4M | ||
| Q2 24 | $40.9M | $94.0M |
自由现金流率ATIAXL
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 4.0% | ||
| Q3 25 | 14.8% | 5.3% | ||
| Q2 25 | 7.8% | 2.3% | ||
| Q1 25 | -12.7% | -0.9% | ||
| Q4 24 | 28.4% | 5.3% | ||
| Q3 24 | -4.0% | 4.7% | ||
| Q2 24 | 3.7% | 5.8% |
资本支出强度ATIAXL
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 4.8% | ||
| Q3 25 | 5.6% | 4.3% | ||
| Q2 25 | 6.3% | 3.7% | ||
| Q1 25 | 4.7% | 4.9% | ||
| Q4 24 | 4.0% | 5.6% | ||
| Q3 24 | 6.3% | 4.9% | ||
| Q2 24 | 5.5% | 3.0% |
现金转化率ATIAXL
| Q1 26 | — | — | ||
| Q4 25 | 3.27× | — | ||
| Q3 25 | 2.09× | 15.58× | ||
| Q2 25 | 1.60× | 2.34× | ||
| Q1 25 | -0.95× | 7.87× | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 0.29× | 14.36× | ||
| Q2 24 | 1.23× | 7.85× |
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
ATI
暂无分部数据
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
