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安富利（AVT）与美国运通（AXP）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是安富利的1.7倍（$10.9B vs $6.3B），美国运通净利率更高（22.5% vs 1.0%，领先21.5%），安富利同比增速更快（11.6% vs 9.9%），美国运通自由现金流更多（$2.3B vs $192.9M），过去两年美国运通的营收复合增速更高（8.2% vs 5.7%）
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
AVT vs AXP — 直观对比
营收规模更大
AXP
是对方的1.7倍
$6.3B
营收增速更快
AVT
高出1.6%
9.9%
净利率更高
AXP
高出21.5%
1.0%
自由现金流更多
AXP
多$2.2B
$192.9M
两年增速更快
AXP
近两年复合增速
5.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $10.9B |
| 净利润 | $61.7M | $2.5B |
| 毛利率 | 10.5% | — |
| 营业利润率 | 2.3% | 28.2% |
| 净利率 | 1.0% | 22.5% |
| 营收同比 | 11.6% | 9.9% |
| 净利润同比 | -29.2% | 13.5% |
| 每股收益（稀释后） | $0.75 | $3.52 |
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AVTAXP
| Q4 25 | $6.3B | $10.9B | ||
| Q3 25 | $5.9B | $10.4B | ||
| Q2 25 | $5.6B | $10.3B | ||
| Q1 25 | $5.3B | $9.6B | ||
| Q4 24 | $5.7B | $10.0B | ||
| Q3 24 | $5.6B | $9.7B | ||
| Q2 24 | $5.6B | $9.8B | ||
| Q1 24 | $5.7B | $9.3B |
净利润AVTAXP
| Q4 25 | $61.7M | $2.5B | ||
| Q3 25 | $51.7M | $2.9B | ||
| Q2 25 | $6.1M | $2.9B | ||
| Q1 25 | $87.9M | $2.6B | ||
| Q4 24 | $87.3M | $2.2B | ||
| Q3 24 | $59.0M | $2.5B | ||
| Q2 24 | $82.7M | $3.0B | ||
| Q1 24 | $88.8M | $2.4B |
毛利率AVTAXP
| Q4 25 | 10.5% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 11.1% | — | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 11.8% | — |
营业利润率AVTAXP
| Q4 25 | 2.3% | 28.2% | ||
| Q3 25 | 2.4% | 36.7% | ||
| Q2 25 | 1.3% | 34.4% | ||
| Q1 25 | 2.7% | 34.6% | ||
| Q4 24 | 2.7% | 27.7% | ||
| Q3 24 | 2.5% | 33.0% | ||
| Q2 24 | 3.0% | 38.6% | ||
| Q1 24 | 3.4% | 33.7% |
净利率AVTAXP
| Q4 25 | 1.0% | 22.5% | ||
| Q3 25 | 0.9% | 27.9% | ||
| Q2 25 | 0.1% | 28.0% | ||
| Q1 25 | 1.7% | 26.8% | ||
| Q4 24 | 1.5% | 21.8% | ||
| Q3 24 | 1.1% | 25.8% | ||
| Q2 24 | 1.5% | 30.7% | ||
| Q1 24 | 1.6% | 26.1% |
每股收益（稀释后）AVTAXP
| Q4 25 | $0.75 | $3.52 | ||
| Q3 25 | $0.61 | $4.14 | ||
| Q2 25 | $0.09 | $4.08 | ||
| Q1 25 | $1.01 | $3.64 | ||
| Q4 24 | $0.99 | $3.04 | ||
| Q3 24 | $0.66 | $3.49 | ||
| Q2 24 | $0.93 | $4.15 | ||
| Q1 24 | $0.97 | $3.33 |
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 | $286.5M | $742.0M |
| 总债务越低越好 | — | $56.4B |
| 股东权益账面价值 | $4.9B | $33.5B |
| 总资产 | $13.2B | $300.1B |
| 负债/权益比越低杠杆越低 | — | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资AVTAXP
| Q4 25 | $286.5M | $742.0M | ||
| Q3 25 | $175.5M | $1.3B | ||
| Q2 25 | $192.4M | $197.0M | ||
| Q1 25 | $188.9M | $261.0M | ||
| Q4 24 | $172.1M | $221.0M | ||
| Q3 24 | $267.5M | $120.0M | ||
| Q2 24 | $310.9M | $188.0M | ||
| Q1 24 | $218.5M | $69.0M |
总债务AVTAXP
| Q4 25 | — | $56.4B | ||
| Q3 25 | — | $57.8B | ||
| Q2 25 | — | $58.2B | ||
| Q1 25 | — | $51.2B | ||
| Q4 24 | — | $49.7B | ||
| Q3 24 | — | $53.5B | ||
| Q2 24 | — | $51.5B | ||
| Q1 24 | — | $48.8B |
股东权益AVTAXP
| Q4 25 | $4.9B | $33.5B | ||
| Q3 25 | $4.8B | $32.4B | ||
| Q2 25 | $5.0B | $32.3B | ||
| Q1 25 | $4.9B | $31.2B | ||
| Q4 24 | $4.8B | $30.3B | ||
| Q3 24 | $5.0B | $29.7B | ||
| Q2 24 | $4.9B | $29.5B | ||
| Q1 24 | $5.0B | $28.8B |
总资产AVTAXP
| Q4 25 | $13.2B | $300.1B | ||
| Q3 25 | $12.4B | $297.6B | ||
| Q2 25 | $12.1B | $295.6B | ||
| Q1 25 | $11.7B | $282.2B | ||
| Q4 24 | $11.9B | $271.5B | ||
| Q3 24 | $12.6B | $271.0B | ||
| Q2 24 | $12.2B | $272.2B | ||
| Q1 24 | $12.3B | $269.3B |
负债/权益比AVTAXP
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.80× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.80× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | — | 1.70× |
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 | $208.2M | $3.1B |
| 自由现金流经营现金流 - 资本支出 | $192.9M | $2.3B |
| 自由现金流率自由现金流/营收 | 3.1% | 21.4% |
| 资本支出强度资本支出/营收 | 0.2% | 6.6% |
| 现金转化率经营现金流/净利润 | 3.37× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $217.7M | $16.0B |
8季度趋势，按日历期对齐
经营现金流AVTAXP
| Q4 25 | $208.2M | $3.1B | ||
| Q3 25 | $-144.6M | $6.2B | ||
| Q2 25 | $139.5M | $4.4B | ||
| Q1 25 | $140.9M | $4.8B | ||
| Q4 24 | $337.8M | $5.8B | ||
| Q3 24 | $106.3M | $-1.8B | ||
| Q2 24 | $274.3M | $4.5B | ||
| Q1 24 | $499.3M | $5.6B |
自由现金流AVTAXP
| Q4 25 | $192.9M | $2.3B | ||
| Q3 25 | $-169.2M | $5.6B | ||
| Q2 25 | $79.9M | $3.7B | ||
| Q1 25 | $114.1M | $4.3B | ||
| Q4 24 | $308.5M | $5.3B | ||
| Q3 24 | $74.5M | $-2.3B | ||
| Q2 24 | $248.0M | $4.0B | ||
| Q1 24 | $457.2M | $5.2B |
自由现金流率AVTAXP
| Q4 25 | 3.1% | 21.4% | ||
| Q3 25 | -2.9% | 53.6% | ||
| Q2 25 | 1.4% | 36.3% | ||
| Q1 25 | 2.1% | 45.0% | ||
| Q4 24 | 5.4% | 53.1% | ||
| Q3 24 | 1.3% | -23.3% | ||
| Q2 24 | 4.5% | 40.4% | ||
| Q1 24 | 8.1% | 55.2% |
资本支出强度AVTAXP
| Q4 25 | 0.2% | 6.6% | ||
| Q3 25 | 0.4% | 6.3% | ||
| Q2 25 | 1.1% | 6.0% | ||
| Q1 25 | 0.5% | 4.5% | ||
| Q4 24 | 0.5% | 5.0% | ||
| Q3 24 | 0.6% | 4.7% | ||
| Q2 24 | 0.5% | 5.8% | ||
| Q1 24 | 0.7% | 4.2% |
现金转化率AVTAXP
| Q4 25 | 3.37× | 1.25× | ||
| Q3 25 | -2.79× | 2.15× | ||
| Q2 25 | 22.91× | 1.51× | ||
| Q1 25 | 1.60× | 1.84× | ||
| Q4 24 | 3.87× | 2.66× | ||
| Q3 24 | 1.80× | -0.72× | ||
| Q2 24 | 3.32× | 1.50× | ||
| Q1 24 | 5.62× | 2.28× |
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
AVT
| Electronic Components | $5.9B | 93% |
| Premier Farnell | $427.1M | 7% |
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
