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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）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AMERICAN AXLE & MANUFACTURING HOLDINGS INC的3.7倍（$5.1B vs $1.4B），艾仕得净利率更高（1.8% vs -5.4%，领先7.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -0.6%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $21.0M），过去两年艾仕得的营收复合增速更高（94.5% vs -7.2%）
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。
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。
AXL vs AXTA — 直观对比
营收规模更大
AXTA
是对方的3.7倍
$1.4B
营收增速更快
AXL
高出0.9%
-0.6%
净利率更高
AXTA
高出7.2%
-5.4%
自由现金流更多
AXL
多$33.7M
$21.0M
两年增速更快
AXTA
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $5.1B |
| 净利润 | $-75.3M | $91.0M |
| 毛利率 | 10.2% | 83.6% |
| 营业利润率 | -2.4% | 2.9% |
| 净利率 | -5.4% | 1.8% |
| 营收同比 | 0.2% | -0.6% |
| 净利润同比 | -449.6% | -9.1% |
| 每股收益（稀释后） | $-0.62 | $0.42 |
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AXLAXTA
| Q1 26 | — | $5.1B | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.4B |
净利润AXLAXTA
| Q1 26 | — | $91.0M | ||
| Q4 25 | $-75.3M | $60.0M | ||
| Q3 25 | $9.2M | $110.0M | ||
| Q2 25 | $39.3M | $109.0M | ||
| Q1 25 | $7.1M | $99.0M | ||
| Q4 24 | $-13.7M | $137.0M | ||
| Q3 24 | $10.0M | $101.0M | ||
| Q2 24 | $18.2M | $112.0M |
毛利率AXLAXTA
| Q1 26 | — | 83.6% | ||
| Q4 25 | 10.2% | 33.4% | ||
| Q3 25 | 12.6% | 34.9% | ||
| Q2 25 | 13.1% | 35.0% | ||
| Q1 25 | 12.3% | 34.3% | ||
| Q4 24 | 11.2% | 34.1% | ||
| Q3 24 | 11.4% | 35.0% | ||
| Q2 24 | 13.3% | 34.0% |
营业利润率AXLAXTA
| Q1 26 | — | 2.9% | ||
| Q4 25 | -2.4% | 12.8% | ||
| Q3 25 | 3.2% | 15.8% | ||
| Q2 25 | 3.6% | 14.8% | ||
| Q1 25 | 3.0% | 13.9% | ||
| Q4 24 | 2.6% | 14.3% | ||
| Q3 24 | 2.8% | 14.6% | ||
| Q2 24 | 5.3% | 15.2% |
净利率AXLAXTA
| Q1 26 | — | 1.8% | ||
| Q4 25 | -5.4% | 4.8% | ||
| Q3 25 | 0.6% | 8.5% | ||
| Q2 25 | 2.6% | 8.4% | ||
| Q1 25 | 0.5% | 7.8% | ||
| Q4 24 | -1.0% | 10.5% | ||
| Q3 24 | 0.7% | 7.7% | ||
| Q2 24 | 1.1% | 8.3% |
每股收益（稀释后）AXLAXTA
| Q1 26 | — | $0.42 | ||
| Q4 25 | $-0.62 | $0.28 | ||
| Q3 25 | $0.07 | $0.51 | ||
| Q2 25 | $0.32 | $0.50 | ||
| Q1 25 | $0.06 | $0.45 | ||
| Q4 24 | $-0.11 | $0.63 | ||
| Q3 24 | $0.08 | $0.46 | ||
| Q2 24 | $0.15 | $0.51 |
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 | $708.9M | $608.0M |
| 总债务越低越好 | $4.0B | $3.1B |
| 股东权益账面价值 | $640.0M | $2.5B |
| 总资产 | $6.7B | $7.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资AXLAXTA
| Q1 26 | — | $608.0M | ||
| Q4 25 | $708.9M | $657.0M | ||
| Q3 25 | $714.1M | $606.0M | ||
| Q2 25 | $586.5M | $625.0M | ||
| Q1 25 | $549.2M | $575.0M | ||
| Q4 24 | $552.9M | $593.0M | ||
| Q3 24 | $542.5M | $567.0M | ||
| Q2 24 | $519.9M | $840.0M |
总债务AXLAXTA
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.0B | $3.2B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.6B | $3.4B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.6B | $3.5B | ||
| Q2 24 | $2.7B | $3.6B |
股东权益AXLAXTA
| Q1 26 | — | $2.5B | ||
| Q4 25 | $640.0M | $2.3B | ||
| Q3 25 | $718.4M | $2.3B | ||
| Q2 25 | $673.0M | $2.3B | ||
| Q1 25 | $596.3M | $2.1B | ||
| Q4 24 | $562.8M | $1.9B | ||
| Q3 24 | $616.3M | $1.9B | ||
| Q2 24 | $609.6M | $1.8B |
总资产AXLAXTA
| Q1 26 | — | $7.6B | ||
| Q4 25 | $6.7B | $7.6B | ||
| Q3 25 | $5.3B | $7.8B | ||
| Q2 25 | $5.3B | $7.8B | ||
| Q1 25 | $5.1B | $7.4B | ||
| Q4 24 | $5.1B | $7.2B | ||
| Q3 24 | $5.3B | $7.5B | ||
| Q2 24 | $5.3B | $7.3B |
负债/权益比AXLAXTA
| Q1 26 | — | 1.27× | ||
| Q4 25 | 6.31× | 1.36× | ||
| Q3 25 | 3.61× | 1.48× | ||
| Q2 25 | 3.86× | 1.50× | ||
| Q1 25 | 4.38× | 1.64× | ||
| Q4 24 | 4.58× | 1.78× | ||
| Q3 24 | 4.28× | 1.84× | ||
| Q2 24 | 4.42× | 2.02× |
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 | $21.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 0.4% |
| 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 | $491.0M |
8季度趋势，按日历期对齐
经营现金流AXLAXTA
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $344.0M | ||
| Q3 25 | $143.3M | $137.0M | ||
| Q2 25 | $91.9M | $142.0M | ||
| Q1 25 | $55.9M | $26.0M | ||
| Q4 24 | $151.2M | $234.0M | ||
| Q3 24 | $143.6M | $194.0M | ||
| Q2 24 | $142.8M | $114.0M |
自由现金流AXLAXTA
| Q1 26 | — | $21.0M | ||
| Q4 25 | $54.7M | $286.0M | ||
| Q3 25 | $79.2M | $87.0M | ||
| Q2 25 | $34.6M | $97.0M | ||
| Q1 25 | $-13.4M | $-17.0M | ||
| Q4 24 | $73.2M | $172.0M | ||
| Q3 24 | $70.4M | $161.0M | ||
| Q2 24 | $94.0M | $91.0M |
自由现金流率AXLAXTA
| Q1 26 | — | 0.4% | ||
| Q4 25 | 4.0% | 22.7% | ||
| Q3 25 | 5.3% | 6.8% | ||
| Q2 25 | 2.3% | 7.4% | ||
| Q1 25 | -0.9% | -1.3% | ||
| Q4 24 | 5.3% | 13.1% | ||
| Q3 24 | 4.7% | 12.2% | ||
| Q2 24 | 5.8% | 6.7% |
资本支出强度AXLAXTA
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 4.6% | ||
| Q3 25 | 4.3% | 3.9% | ||
| Q2 25 | 3.7% | 3.4% | ||
| Q1 25 | 4.9% | 3.4% | ||
| Q4 24 | 5.6% | 4.7% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 3.0% | 1.7% |
现金转化率AXLAXTA
| Q1 26 | — | — | ||
| Q4 25 | — | 5.73× | ||
| Q3 25 | 15.58× | 1.25× | ||
| Q2 25 | 2.34× | 1.30× | ||
| Q1 25 | 7.87× | 0.26× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | 14.36× | 1.92× | ||
| Q2 24 | 7.85× | 1.02× |
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
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
AXTA
暂无分部数据
