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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与BRUNSWICK CORP（BC）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BRUNSWICK CORP的1.0倍（$1.4B vs $1.4B），BRUNSWICK CORP净利率更高（1.5% vs -5.4%，领先7.0%），BRUNSWICK CORP同比增速更快（17.3% vs 0.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-116.8M），过去两年BRUNSWICK CORP的营收复合增速更高（-2.3% 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。
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
AXL vs BC — 直观对比
营收规模更大
AXL
是对方的1.0倍
$1.4B
营收增速更快
BC
高出17.1%
0.2%
净利率更高
BC
高出7.0%
-5.4%
自由现金流更多
AXL
多$171.5M
$-116.8M
两年增速更快
BC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-75.3M | $21.0M |
| 毛利率 | 10.2% | 24.9% |
| 营业利润率 | -2.4% | 3.6% |
| 净利率 | -5.4% | 1.5% |
| 营收同比 | 0.2% | 17.3% |
| 净利润同比 | -449.6% | — |
| 每股收益（稀释后） | $-0.62 | $0.32 |
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AXLBC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.4B |
净利润AXLBC
| Q1 26 | — | $21.0M | ||
| Q4 25 | $-75.3M | $18.7M | ||
| Q3 25 | $9.2M | $-235.5M | ||
| Q2 25 | $39.3M | $59.3M | ||
| Q1 25 | $7.1M | $20.2M | ||
| Q4 24 | $-13.7M | $-82.5M | ||
| Q3 24 | $10.0M | $44.6M | ||
| Q2 24 | $18.2M | $100.0M |
毛利率AXLBC
| Q1 26 | — | 24.9% | ||
| Q4 25 | 10.2% | 23.1% | ||
| Q3 25 | 12.6% | 25.8% | ||
| Q2 25 | 13.1% | 25.5% | ||
| Q1 25 | 12.3% | 24.9% | ||
| Q4 24 | 11.2% | 21.9% | ||
| Q3 24 | 11.4% | 26.2% | ||
| Q2 24 | 13.3% | 27.1% |
营业利润率AXLBC
| Q1 26 | — | 3.6% | ||
| Q4 25 | -2.4% | 3.1% | ||
| Q3 25 | 3.2% | -17.8% | ||
| Q2 25 | 3.6% | 7.1% | ||
| Q1 25 | 3.0% | 4.6% | ||
| Q4 24 | 2.6% | -4.8% | ||
| Q3 24 | 2.8% | 7.7% | ||
| Q2 24 | 5.3% | 11.0% |
净利率AXLBC
| Q1 26 | — | 1.5% | ||
| Q4 25 | -5.4% | 1.4% | ||
| Q3 25 | 0.6% | -17.3% | ||
| Q2 25 | 2.6% | 4.1% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | -1.0% | -7.1% | ||
| Q3 24 | 0.7% | 3.5% | ||
| Q2 24 | 1.1% | 6.9% |
每股收益（稀释后）AXLBC
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.62 | $0.32 | ||
| Q3 25 | $0.07 | $-3.59 | ||
| Q2 25 | $0.32 | $0.89 | ||
| Q1 25 | $0.06 | $0.30 | ||
| Q4 24 | $-0.11 | $-1.21 | ||
| Q3 24 | $0.08 | $0.67 | ||
| Q2 24 | $0.15 | $1.48 |
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 | $277.8M |
| 总债务越低越好 | $4.0B | $490.2M |
| 股东权益账面价值 | $640.0M | $1.6B |
| 总资产 | $6.7B | $5.5B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资AXLBC
| Q1 26 | — | $277.8M | ||
| Q4 25 | $708.9M | $256.8M | ||
| Q3 25 | $714.1M | $297.7M | ||
| Q2 25 | $586.5M | $315.7M | ||
| Q1 25 | $549.2M | $286.7M | ||
| Q4 24 | $552.9M | $269.0M | ||
| Q3 24 | $542.5M | $284.1M | ||
| Q2 24 | $519.9M | $494.5M |
总债务AXLBC
| Q1 26 | — | $490.2M | ||
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — |
股东权益AXLBC
| Q1 26 | — | $1.6B | ||
| Q4 25 | $640.0M | $1.6B | ||
| Q3 25 | $718.4M | $1.6B | ||
| Q2 25 | $673.0M | $1.9B | ||
| Q1 25 | $596.3M | $1.9B | ||
| Q4 24 | $562.8M | $1.9B | ||
| Q3 24 | $616.3M | $2.0B | ||
| Q2 24 | $609.6M | $2.0B |
总资产AXLBC
| Q1 26 | — | $5.5B | ||
| Q4 25 | $6.7B | $5.3B | ||
| Q3 25 | $5.3B | $5.4B | ||
| Q2 25 | $5.3B | $5.8B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.1B | $5.7B | ||
| Q3 24 | $5.3B | $6.0B | ||
| Q2 24 | $5.3B | $6.4B |
负债/权益比AXLBC
| Q1 26 | — | 0.31× | ||
| Q4 25 | 6.31× | 1.30× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 1.25× | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 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 | $-116.8M |
| 自由现金流率自由现金流/营收 | 4.0% | -8.5% |
| 资本支出强度资本支出/营收 | 4.8% | 4.2% |
| 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 | $344.6M |
8季度趋势，按日历期对齐
经营现金流AXLBC
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $132.9M | ||
| Q3 25 | $143.3M | $140.4M | ||
| Q2 25 | $91.9M | $316.2M | ||
| Q1 25 | $55.9M | $-27.4M | ||
| Q4 24 | $151.2M | $306.4M | ||
| Q3 24 | $143.6M | $67.4M | ||
| Q2 24 | $142.8M | $211.0M |
自由现金流AXLBC
| Q1 26 | — | $-116.8M | ||
| Q4 25 | $54.7M | $83.6M | ||
| Q3 25 | $79.2M | $106.5M | ||
| Q2 25 | $34.6M | $271.3M | ||
| Q1 25 | $-13.4M | $-65.1M | ||
| Q4 24 | $73.2M | $276.1M | ||
| Q3 24 | $70.4M | $31.4M | ||
| Q2 24 | $94.0M | $163.9M |
自由现金流率AXLBC
| Q1 26 | — | -8.5% | ||
| Q4 25 | 4.0% | 6.3% | ||
| Q3 25 | 5.3% | 7.8% | ||
| Q2 25 | 2.3% | 18.7% | ||
| Q1 25 | -0.9% | -5.3% | ||
| Q4 24 | 5.3% | 23.9% | ||
| Q3 24 | 4.7% | 2.5% | ||
| Q2 24 | 5.8% | 11.4% |
资本支出强度AXLBC
| Q1 26 | — | 4.2% | ||
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 4.3% | 2.5% | ||
| Q2 25 | 3.7% | 3.1% | ||
| Q1 25 | 4.9% | 3.1% | ||
| Q4 24 | 5.6% | 2.6% | ||
| Q3 24 | 4.9% | 2.8% | ||
| Q2 24 | 3.0% | 3.3% |
现金转化率AXLBC
| Q1 26 | — | — | ||
| Q4 25 | — | 7.11× | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | 5.33× | ||
| Q1 25 | 7.87× | -1.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 1.51× | ||
| Q2 24 | 7.85× | 2.11× |
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% |
BC
暂无分部数据
