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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与百通（BDC）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的季度营收约是百通的1.9倍（$1.4B vs $720.1M），百通净利率更高（9.4% vs -5.4%，领先14.9%），百通同比增速更快（8.1% vs 0.2%），百通自由现金流更多（$121.3M vs $54.7M），过去两年百通的营收复合增速更高（15.9% 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。
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
AXL vs BDC — 直观对比
营收规模更大
AXL
是对方的1.9倍
$720.1M
营收增速更快
BDC
高出7.9%
0.2%
净利率更高
BDC
高出14.9%
-5.4%
自由现金流更多
BDC
多$66.5M
$54.7M
两年增速更快
BDC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $720.1M |
| 净利润 | $-75.3M | $67.9M |
| 毛利率 | 10.2% | 36.6% |
| 营业利润率 | -2.4% | 12.2% |
| 净利率 | -5.4% | 9.4% |
| 营收同比 | 0.2% | 8.1% |
| 净利润同比 | -449.6% | 16.3% |
| 每股收益（稀释后） | $-0.62 | $1.70 |
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AXLBDC
| Q4 25 | $1.4B | $720.1M | ||
| Q3 25 | $1.5B | $698.2M | ||
| Q2 25 | $1.5B | $672.0M | ||
| Q1 25 | $1.4B | $624.9M | ||
| Q4 24 | $1.4B | $666.0M | ||
| Q3 24 | $1.5B | $654.9M | ||
| Q2 24 | $1.6B | $604.3M | ||
| Q1 24 | $1.6B | $535.7M |
净利润AXLBDC
| Q4 25 | $-75.3M | $67.9M | ||
| Q3 25 | $9.2M | $56.7M | ||
| Q2 25 | $39.3M | $61.0M | ||
| Q1 25 | $7.1M | $51.9M | ||
| Q4 24 | $-13.7M | $58.4M | ||
| Q3 24 | $10.0M | $53.7M | ||
| Q2 24 | $18.2M | $49.0M | ||
| Q1 24 | $20.5M | $37.3M |
毛利率AXLBDC
| Q4 25 | 10.2% | 36.6% | ||
| Q3 25 | 12.6% | 37.7% | ||
| Q2 25 | 13.1% | 38.5% | ||
| Q1 25 | 12.3% | 39.3% | ||
| Q4 24 | 11.2% | 37.5% | ||
| Q3 24 | 11.4% | 37.3% | ||
| Q2 24 | 13.3% | 37.5% | ||
| Q1 24 | 12.4% | 37.6% |
营业利润率AXLBDC
| Q4 25 | -2.4% | 12.2% | ||
| Q3 25 | 3.2% | 10.9% | ||
| Q2 25 | 3.6% | 11.8% | ||
| Q1 25 | 3.0% | 11.6% | ||
| Q4 24 | 2.6% | 10.4% | ||
| Q3 24 | 2.8% | 11.5% | ||
| Q2 24 | 5.3% | 11.4% | ||
| Q1 24 | 4.8% | 9.9% |
净利率AXLBDC
| Q4 25 | -5.4% | 9.4% | ||
| Q3 25 | 0.6% | 8.1% | ||
| Q2 25 | 2.6% | 9.1% | ||
| Q1 25 | 0.5% | 8.3% | ||
| Q4 24 | -1.0% | 8.8% | ||
| Q3 24 | 0.7% | 8.2% | ||
| Q2 24 | 1.1% | 8.1% | ||
| Q1 24 | 1.3% | 7.0% |
每股收益（稀释后）AXLBDC
| Q4 25 | $-0.62 | $1.70 | ||
| Q3 25 | $0.07 | $1.41 | ||
| Q2 25 | $0.32 | $1.53 | ||
| Q1 25 | $0.06 | $1.27 | ||
| Q4 24 | $-0.11 | $1.41 | ||
| Q3 24 | $0.08 | $1.30 | ||
| Q2 24 | $0.15 | $1.19 | ||
| Q1 24 | $0.17 | $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 | $708.9M | $389.9M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $1.3B |
| 总资产 | $6.7B | $3.5B |
| 负债/权益比越低杠杆越低 | 6.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AXLBDC
| Q4 25 | $708.9M | $389.9M | ||
| Q3 25 | $714.1M | $314.3M | ||
| Q2 25 | $586.5M | $301.5M | ||
| Q1 25 | $549.2M | $259.0M | ||
| Q4 24 | $552.9M | $370.3M | ||
| Q3 24 | $542.5M | $323.0M | ||
| Q2 24 | $519.9M | $564.8M | ||
| Q1 24 | $469.8M | $506.8M |
总债务AXLBDC
| Q4 25 | $4.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益AXLBDC
| Q4 25 | $640.0M | $1.3B | ||
| Q3 25 | $718.4M | $1.2B | ||
| Q2 25 | $673.0M | $1.2B | ||
| Q1 25 | $596.3M | $1.2B | ||
| Q4 24 | $562.8M | $1.3B | ||
| Q3 24 | $616.3M | $1.2B | ||
| Q2 24 | $609.6M | $1.2B | ||
| Q1 24 | $621.4M | $1.2B |
总资产AXLBDC
| Q4 25 | $6.7B | $3.5B | ||
| Q3 25 | $5.3B | $3.4B | ||
| Q2 25 | $5.3B | $3.4B | ||
| Q1 25 | $5.1B | $3.3B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.3B | $3.3B | ||
| Q2 24 | $5.3B | $3.5B | ||
| Q1 24 | $5.4B | $3.1B |
负债/权益比AXLBDC
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | — | ||
| Q1 24 | 4.40× | — |
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 | $160.4M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $121.3M |
| 自由现金流率自由现金流/营收 | 4.0% | 16.8% |
| 资本支出强度资本支出/营收 | 4.8% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 2.36× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $218.7M |
8季度趋势，按日历期对齐
经营现金流AXLBDC
| Q4 25 | $120.5M | $160.4M | ||
| Q3 25 | $143.3M | $105.0M | ||
| Q2 25 | $91.9M | $82.0M | ||
| Q1 25 | $55.9M | $7.4M | ||
| Q4 24 | $151.2M | $174.7M | ||
| Q3 24 | $143.6M | $91.7M | ||
| Q2 24 | $142.8M | $83.0M | ||
| Q1 24 | $17.8M | $2.7M |
自由现金流AXLBDC
| Q4 25 | $54.7M | $121.3M | ||
| Q3 25 | $79.2M | $65.3M | ||
| Q2 25 | $34.6M | $56.9M | ||
| Q1 25 | $-13.4M | $-24.8M | ||
| Q4 24 | $73.2M | $116.4M | ||
| Q3 24 | $70.4M | $67.2M | ||
| Q2 24 | $94.0M | $61.0M | ||
| Q1 24 | $-30.2M | $-21.5M |
自由现金流率AXLBDC
| Q4 25 | 4.0% | 16.8% | ||
| Q3 25 | 5.3% | 9.4% | ||
| Q2 25 | 2.3% | 8.5% | ||
| Q1 25 | -0.9% | -4.0% | ||
| Q4 24 | 5.3% | 17.5% | ||
| Q3 24 | 4.7% | 10.3% | ||
| Q2 24 | 5.8% | 10.1% | ||
| Q1 24 | -1.9% | -4.0% |
资本支出强度AXLBDC
| Q4 25 | 4.8% | 5.4% | ||
| Q3 25 | 4.3% | 5.7% | ||
| Q2 25 | 3.7% | 3.7% | ||
| Q1 25 | 4.9% | 5.2% | ||
| Q4 24 | 5.6% | 8.8% | ||
| Q3 24 | 4.9% | 3.7% | ||
| Q2 24 | 3.0% | 3.6% | ||
| Q1 24 | 3.0% | 4.5% |
现金转化率AXLBDC
| Q4 25 | — | 2.36× | ||
| Q3 25 | 15.58× | 1.85× | ||
| Q2 25 | 2.34× | 1.34× | ||
| Q1 25 | 7.87× | 0.14× | ||
| Q4 24 | — | 2.99× | ||
| Q3 24 | 14.36× | 1.71× | ||
| Q2 24 | 7.85× | 1.69× | ||
| Q1 24 | 0.87× | 0.07× |
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% |
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
