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Atmus Filtration Technologies Inc.（ATMU）与博格华纳（BWA）财务数据对比。点击上方公司名可切换其他公司
博格华纳的季度营收约是Atmus Filtration Technologies Inc.的8.0倍（$3.6B vs $446.6M）。Atmus Filtration Technologies Inc.净利率更高（10.7% vs -7.3%，领先18.1%）。Atmus Filtration Technologies Inc.同比增速更快（9.8% vs 3.9%）。博格华纳自由现金流更多（$457.0M vs $31.2M）。过去两年Atmus Filtration Technologies Inc.的营收复合增速更高（2.3% vs -0.3%）
Atmus过滤技术公司是一家专业过滤解决方案提供商，研发、生产和销售空气、燃油、机油、液压等多场景过滤系统，服务全球汽车、重型车辆、工业设备、航空航天领域的原厂配套及售后替换市场。
博格华纳是总部位于美国密歇根州奥本山的汽车及电动出行零部件供应商，位列全球前25大汽车供应商之列。截至2023年，公司在24个国家设有92处生产基地，年营收142亿美元，员工约3.99万人，2025年2月起由约瑟夫·法杜尔担任首席执行官。
ATMU vs BWA — 直观对比
营收规模更大
BWA
是对方的8.0倍
$446.6M
营收增速更快
ATMU
高出5.9%
3.9%
净利率更高
ATMU
高出18.1%
-7.3%
自由现金流更多
BWA
多$425.8M
$31.2M
两年增速更快
ATMU
近两年复合增速
-0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $446.6M | $3.6B |
| 净利润 | $48.0M | $-262.0M |
| 毛利率 | 28.5% | 20.5% |
| 营业利润率 | 15.8% | -6.7% |
| 净利率 | 10.7% | -7.3% |
| 营收同比 | 9.8% | 3.9% |
| 净利润同比 | 19.7% | 35.3% |
| 每股收益（稀释后） | $0.58 | $-1.20 |
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ATMUBWA
| Q4 25 | $446.6M | $3.6B | ||
| Q3 25 | $447.7M | $3.6B | ||
| Q2 25 | $453.5M | $3.6B | ||
| Q1 25 | $416.5M | $3.5B | ||
| Q4 24 | $406.7M | $3.4B | ||
| Q3 24 | $403.7M | $3.4B | ||
| Q2 24 | $432.6M | $3.6B | ||
| Q1 24 | $426.6M | $3.6B |
净利润ATMUBWA
| Q4 25 | $48.0M | $-262.0M | ||
| Q3 25 | $54.8M | $158.0M | ||
| Q2 25 | $59.9M | $224.0M | ||
| Q1 25 | $44.7M | $157.0M | ||
| Q4 24 | $40.1M | $-405.0M | ||
| Q3 24 | $43.8M | $234.0M | ||
| Q2 24 | $56.2M | $303.0M | ||
| Q1 24 | $45.5M | $206.0M |
毛利率ATMUBWA
| Q4 25 | 28.5% | 20.5% | ||
| Q3 25 | 28.9% | 18.5% | ||
| Q2 25 | 28.9% | 17.6% | ||
| Q1 25 | 26.5% | 18.2% | ||
| Q4 24 | 26.3% | 19.9% | ||
| Q3 24 | 27.6% | 18.4% | ||
| Q2 24 | 30.5% | 19.0% | ||
| Q1 24 | 26.2% | 17.9% |
营业利润率ATMUBWA
| Q4 25 | 15.8% | -6.7% | ||
| Q3 25 | 18.3% | 6.9% | ||
| Q2 25 | 18.0% | 7.9% | ||
| Q1 25 | 15.6% | 6.7% | ||
| Q4 24 | 13.4% | -9.2% | ||
| Q3 24 | 15.7% | 7.8% | ||
| Q2 24 | 18.4% | 8.2% | ||
| Q1 24 | 16.1% | 8.2% |
净利率ATMUBWA
| Q4 25 | 10.7% | -7.3% | ||
| Q3 25 | 12.2% | 4.4% | ||
| Q2 25 | 13.2% | 6.2% | ||
| Q1 25 | 10.7% | 4.5% | ||
| Q4 24 | 9.9% | -11.8% | ||
| Q3 24 | 10.8% | 6.8% | ||
| Q2 24 | 13.0% | 8.4% | ||
| Q1 24 | 10.7% | 5.7% |
每股收益（稀释后）ATMUBWA
| Q4 25 | $0.58 | $-1.20 | ||
| Q3 25 | $0.66 | $0.73 | ||
| Q2 25 | $0.72 | $1.03 | ||
| Q1 25 | $0.54 | $0.72 | ||
| Q4 24 | $0.49 | $-1.78 | ||
| Q3 24 | $0.52 | $1.04 | ||
| Q2 24 | $0.67 | $1.34 | ||
| Q1 24 | $0.54 | $0.90 |
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 | $236.4M | — |
| 总债务越低越好 | $570.0M | $3.9B |
| 股东权益账面价值 | $378.5M | $5.4B |
| 总资产 | $1.4B | $13.8B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资ATMUBWA
| Q4 25 | $236.4M | — | ||
| Q3 25 | $218.3M | — | ||
| Q2 25 | $190.8M | — | ||
| Q1 25 | $183.3M | — | ||
| Q4 24 | $184.3M | — | ||
| Q3 24 | $196.8M | — | ||
| Q2 24 | $160.5M | — | ||
| Q1 24 | $149.2M | — |
总债务ATMUBWA
| Q4 25 | $570.0M | $3.9B | ||
| Q3 25 | $577.5M | $3.9B | ||
| Q2 25 | $585.0M | $3.9B | ||
| Q1 25 | $588.8M | $3.8B | ||
| Q4 24 | $592.5M | $3.8B | ||
| Q3 24 | $596.2M | $4.2B | ||
| Q2 24 | $600.0M | $3.3B | ||
| Q1 24 | $600.0M | $3.3B |
股东权益ATMUBWA
| Q4 25 | $378.5M | $5.4B | ||
| Q3 25 | $336.7M | $6.0B | ||
| Q2 25 | $316.3M | $5.9B | ||
| Q1 25 | $265.3M | $5.7B | ||
| Q4 24 | $227.4M | $5.5B | ||
| Q3 24 | $221.2M | $6.2B | ||
| Q2 24 | $178.1M | $6.1B | ||
| Q1 24 | $121.8M | $5.8B |
总资产ATMUBWA
| Q4 25 | $1.4B | $13.8B | ||
| Q3 25 | $1.3B | $14.5B | ||
| Q2 25 | $1.3B | $14.4B | ||
| Q1 25 | $1.2B | $13.8B | ||
| Q4 24 | $1.2B | $14.0B | ||
| Q3 24 | $1.2B | $15.1B | ||
| Q2 24 | $1.2B | $14.1B | ||
| Q1 24 | $1.1B | $14.1B |
负债/权益比ATMUBWA
| Q4 25 | 1.51× | 0.72× | ||
| Q3 25 | 1.72× | 0.65× | ||
| Q2 25 | 1.85× | 0.66× | ||
| Q1 25 | 2.22× | 0.66× | ||
| Q4 24 | 2.61× | 0.68× | ||
| Q3 24 | 2.70× | 0.68× | ||
| Q2 24 | 3.37× | 0.54× | ||
| Q1 24 | 4.93× | 0.56× |
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 | $47.5M | $619.0M |
| 自由现金流经营现金流 - 资本支出 | $31.2M | $457.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 12.8% |
| 资本支出强度资本支出/营收 | 3.6% | 4.5% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $148.8M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ATMUBWA
| Q4 25 | $47.5M | $619.0M | ||
| Q3 25 | $82.1M | $368.0M | ||
| Q2 25 | $44.4M | $579.0M | ||
| Q1 25 | $28.7M | $82.0M | ||
| Q4 24 | $20.0M | $682.0M | ||
| Q3 24 | $70.7M | $356.0M | ||
| Q2 24 | $22.9M | $462.0M | ||
| Q1 24 | $-8.2M | $-118.0M |
自由现金流ATMUBWA
| Q4 25 | $31.2M | $457.0M | ||
| Q3 25 | $68.9M | $257.0M | ||
| Q2 25 | $32.4M | $502.0M | ||
| Q1 25 | $16.3M | $-37.0M | ||
| Q4 24 | $10.0M | $521.0M | ||
| Q3 24 | $54.3M | $201.0M | ||
| Q2 24 | $11.3M | $297.0M | ||
| Q1 24 | $-18.8M | $-308.0M |
自由现金流率ATMUBWA
| Q4 25 | 7.0% | 12.8% | ||
| Q3 25 | 15.4% | 7.2% | ||
| Q2 25 | 7.1% | 13.8% | ||
| Q1 25 | 3.9% | -1.1% | ||
| Q4 24 | 2.5% | 15.1% | ||
| Q3 24 | 13.5% | 5.8% | ||
| Q2 24 | 2.6% | 8.2% | ||
| Q1 24 | -4.4% | -8.6% |
资本支出强度ATMUBWA
| Q4 25 | 3.6% | 4.5% | ||
| Q3 25 | 2.9% | 3.1% | ||
| Q2 25 | 2.6% | 2.1% | ||
| Q1 25 | 3.0% | 3.4% | ||
| Q4 24 | 2.5% | 4.7% | ||
| Q3 24 | 4.1% | 4.5% | ||
| Q2 24 | 2.7% | 4.6% | ||
| Q1 24 | 2.5% | 5.3% |
现金转化率ATMUBWA
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.50× | 2.33× | ||
| Q2 25 | 0.74× | 2.58× | ||
| Q1 25 | 0.64× | 0.52× | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 1.61× | 1.52× | ||
| Q2 24 | 0.41× | 1.52× | ||
| Q1 24 | -0.18× | -0.57× |
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
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
BWA
| Foundational Products | $2.9B | 81% |
| Drivetrain Morse Systems | $506.0M | 14% |
| Power Drive Systems | $112.0M | 3% |
| Battery Charging Systems | $64.0M | 2% |
