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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与CALERES INC（CAL）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CALERES INC的1.8倍（$1.4B vs $790.1M），CALERES INC净利率更高（0.3% vs -5.4%，领先5.7%），CALERES INC同比增速更快（6.6% vs 0.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-12.4M），过去两年CALERES INC的营收复合增速更高（6.5% 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。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
AXL vs CAL — 直观对比
营收规模更大
AXL
是对方的1.8倍
$790.1M
营收增速更快
CAL
高出6.4%
0.2%
净利率更高
CAL
高出5.7%
-5.4%
自由现金流更多
AXL
多$67.1M
$-12.4M
两年增速更快
CAL
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $790.1M |
| 净利润 | $-75.3M | $2.4M |
| 毛利率 | 10.2% | 41.8% |
| 营业利润率 | -2.4% | 1.5% |
| 净利率 | -5.4% | 0.3% |
| 营收同比 | 0.2% | 6.6% |
| 净利润同比 | -449.6% | -94.2% |
| 每股收益（稀释后） | $-0.62 | $0.07 |
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AXLCAL
| Q4 25 | $1.4B | $790.1M | ||
| Q3 25 | $1.5B | $658.5M | ||
| Q2 25 | $1.5B | $614.2M | ||
| Q1 25 | $1.4B | $639.2M | ||
| Q4 24 | $1.4B | $740.9M | ||
| Q3 24 | $1.5B | $683.3M | ||
| Q2 24 | $1.6B | $659.2M | ||
| Q1 24 | $1.6B | $697.1M |
净利润AXLCAL
| Q4 25 | $-75.3M | $2.4M | ||
| Q3 25 | $9.2M | $6.7M | ||
| Q2 25 | $39.3M | $6.9M | ||
| Q1 25 | $7.1M | $4.9M | ||
| Q4 24 | $-13.7M | $41.4M | ||
| Q3 24 | $10.0M | $30.0M | ||
| Q2 24 | $18.2M | $30.9M | ||
| Q1 24 | $20.5M | $55.7M |
毛利率AXLCAL
| Q4 25 | 10.2% | 41.8% | ||
| Q3 25 | 12.6% | 43.4% | ||
| Q2 25 | 13.1% | 45.4% | ||
| Q1 25 | 12.3% | 43.0% | ||
| Q4 24 | 11.2% | 44.1% | ||
| Q3 24 | 11.4% | 45.5% | ||
| Q2 24 | 13.3% | 46.9% | ||
| Q1 24 | 12.4% | 43.9% |
营业利润率AXLCAL
| Q4 25 | -2.4% | 1.5% | ||
| Q3 25 | 3.2% | 1.4% | ||
| Q2 25 | 3.6% | 1.9% | ||
| Q1 25 | 3.0% | 1.2% | ||
| Q4 24 | 2.6% | 7.7% | ||
| Q3 24 | 2.8% | 6.2% | ||
| Q2 24 | 5.3% | 6.5% | ||
| Q1 24 | 4.8% | 4.4% |
净利率AXLCAL
| Q4 25 | -5.4% | 0.3% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | -1.0% | 5.6% | ||
| Q3 24 | 0.7% | 4.4% | ||
| Q2 24 | 1.1% | 4.7% | ||
| Q1 24 | 1.3% | 8.0% |
每股收益（稀释后）AXLCAL
| Q4 25 | $-0.62 | $0.07 | ||
| Q3 25 | $0.07 | $0.20 | ||
| Q2 25 | $0.32 | $0.21 | ||
| Q1 25 | $0.06 | $0.17 | ||
| Q4 24 | $-0.11 | $1.19 | ||
| Q3 24 | $0.08 | $0.85 | ||
| Q2 24 | $0.15 | $0.88 | ||
| Q1 24 | $0.17 | $1.56 |
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 | $34.0M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $616.8M |
| 总资产 | $6.7B | $2.1B |
| 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AXLCAL
| Q4 25 | $708.9M | $34.0M | ||
| Q3 25 | $714.1M | $191.5M | ||
| Q2 25 | $586.5M | $33.1M | ||
| Q1 25 | $549.2M | $29.6M | ||
| Q4 24 | $552.9M | $33.7M | ||
| Q3 24 | $542.5M | $51.8M | ||
| Q2 24 | $519.9M | $30.7M | ||
| Q1 24 | $469.8M | $21.4M |
总债务AXLCAL
| 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AXLCAL
| Q4 25 | $640.0M | $616.8M | ||
| Q3 25 | $718.4M | $613.3M | ||
| Q2 25 | $673.0M | $605.2M | ||
| Q1 25 | $596.3M | $599.0M | ||
| Q4 24 | $562.8M | $598.3M | ||
| Q3 24 | $616.3M | $606.1M | ||
| Q2 24 | $609.6M | $570.3M | ||
| Q1 24 | $621.4M | $560.6M |
总资产AXLCAL
| Q4 25 | $6.7B | $2.1B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.1B | $1.9B | ||
| Q4 24 | $5.1B | $2.0B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.3B | $1.9B | ||
| Q1 24 | $5.4B | $1.8B |
负债/权益比AXLCAL
| 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 | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $-12.4M |
| 自由现金流率自由现金流/营收 | 4.0% | -1.6% |
| 资本支出强度资本支出/营收 | 4.8% | 1.4% |
| 现金转化率经营现金流/净利润 | — | -0.50× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $14.4M |
8季度趋势，按日历期对齐
经营现金流AXLCAL
| Q4 25 | $120.5M | $-1.2M | ||
| Q3 25 | $143.3M | $47.3M | ||
| Q2 25 | $91.9M | $-5.7M | ||
| Q1 25 | $55.9M | $28.7M | ||
| Q4 24 | $151.2M | $-39.8M | ||
| Q3 24 | $143.6M | $79.6M | ||
| Q2 24 | $142.8M | $36.1M | ||
| Q1 24 | $17.8M | $43.0M |
自由现金流AXLCAL
| Q4 25 | $54.7M | $-12.4M | ||
| Q3 25 | $79.2M | $35.0M | ||
| Q2 25 | $34.6M | $-26.2M | ||
| Q1 25 | $-13.4M | $18.0M | ||
| Q4 24 | $73.2M | $-57.4M | ||
| Q3 24 | $70.4M | $68.5M | ||
| Q2 24 | $94.0M | $26.3M | ||
| Q1 24 | $-30.2M | $32.4M |
自由现金流率AXLCAL
| Q4 25 | 4.0% | -1.6% | ||
| Q3 25 | 5.3% | 5.3% | ||
| Q2 25 | 2.3% | -4.3% | ||
| Q1 25 | -0.9% | 2.8% | ||
| Q4 24 | 5.3% | -7.7% | ||
| Q3 24 | 4.7% | 10.0% | ||
| Q2 24 | 5.8% | 4.0% | ||
| Q1 24 | -1.9% | 4.6% |
资本支出强度AXLCAL
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 4.3% | 1.9% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 4.9% | 1.7% | ||
| Q4 24 | 5.6% | 2.4% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 3.0% | 1.5% |
现金转化率AXLCAL
| Q4 25 | — | -0.50× | ||
| Q3 25 | 15.58× | 7.05× | ||
| Q2 25 | 2.34× | -0.81× | ||
| Q1 25 | 7.87× | 5.82× | ||
| Q4 24 | — | -0.96× | ||
| Q3 24 | 14.36× | 2.66× | ||
| Q2 24 | 7.85× | 1.17× | ||
| Q1 24 | 0.87× | 0.77× |
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% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
