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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与科慕（CC）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的季度营收约是科慕的1.0倍（$1.4B vs $1.3B），科慕净利率更高（-3.5% vs -5.4%，领先1.9%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -2.1%），科慕自由现金流更多（$92.0M vs $54.7M），过去两年科慕的营收复合增速更高（-1.2% 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。
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
AXL vs CC — 直观对比
营收规模更大
AXL
是对方的1.0倍
$1.3B
营收增速更快
AXL
高出2.3%
-2.1%
净利率更高
CC
高出1.9%
-5.4%
自由现金流更多
CC
多$37.3M
$54.7M
两年增速更快
CC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $-75.3M | $-47.0M |
| 毛利率 | 10.2% | 11.7% |
| 营业利润率 | -2.4% | — |
| 净利率 | -5.4% | -3.5% |
| 营收同比 | 0.2% | -2.1% |
| 净利润同比 | -449.6% | -261.5% |
| 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AXLCC
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.4B |
净利润AXLCC
| Q4 25 | $-75.3M | $-47.0M | ||
| Q3 25 | $9.2M | $46.0M | ||
| Q2 25 | $39.3M | $-380.0M | ||
| Q1 25 | $7.1M | $-5.0M | ||
| Q4 24 | $-13.7M | $-13.0M | ||
| Q3 24 | $10.0M | $-32.0M | ||
| Q2 24 | $18.2M | $60.0M | ||
| Q1 24 | $20.5M | $54.0M |
毛利率AXLCC
| Q4 25 | 10.2% | 11.7% | ||
| Q3 25 | 12.6% | 15.6% | ||
| Q2 25 | 13.1% | 17.2% | ||
| Q1 25 | 12.3% | 17.3% | ||
| Q4 24 | 11.2% | 19.4% | ||
| Q3 24 | 11.4% | 19.0% | ||
| Q2 24 | 13.3% | 19.8% | ||
| Q1 24 | 12.4% | 20.9% |
营业利润率AXLCC
| Q4 25 | -2.4% | — | ||
| Q3 25 | 3.2% | 2.5% | ||
| Q2 25 | 3.6% | -15.4% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | -0.1% | ||
| Q3 24 | 2.8% | -2.1% | ||
| Q2 24 | 5.3% | 4.4% | ||
| Q1 24 | 4.8% | 5.1% |
净利率AXLCC
| Q4 25 | -5.4% | -3.5% | ||
| Q3 25 | 0.6% | 3.1% | ||
| Q2 25 | 2.6% | -23.5% | ||
| Q1 25 | 0.5% | -0.4% | ||
| Q4 24 | -1.0% | -1.0% | ||
| Q3 24 | 0.7% | -2.1% | ||
| Q2 24 | 1.1% | 3.9% | ||
| Q1 24 | 1.3% | 4.0% |
每股收益（稀释后）AXLCC
| Q4 25 | $-0.62 | $-0.32 | ||
| Q3 25 | $0.07 | $0.31 | ||
| Q2 25 | $0.32 | $-2.53 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | $-0.11 | $-0.07 | ||
| Q3 24 | $0.08 | $-0.22 | ||
| Q2 24 | $0.15 | $0.39 | ||
| Q1 24 | $0.17 | $0.36 |
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 | $670.0M |
| 总债务越低越好 | $4.0B | $4.1B |
| 股东权益账面价值 | $640.0M | $250.0M |
| 总资产 | $6.7B | $7.4B |
| 负债/权益比越低杠杆越低 | 6.31× | 16.40× |
8季度趋势，按日历期对齐
现金及短期投资AXLCC
| Q4 25 | $708.9M | $670.0M | ||
| Q3 25 | $714.1M | $613.0M | ||
| Q2 25 | $586.5M | $502.0M | ||
| Q1 25 | $549.2M | $464.0M | ||
| Q4 24 | $552.9M | $713.0M | ||
| Q3 24 | $542.5M | $596.0M | ||
| Q2 24 | $519.9M | $604.0M | ||
| Q1 24 | $469.8M | $746.0M |
总债务AXLCC
| Q4 25 | $4.0B | $4.1B | ||
| Q3 25 | $2.6B | $4.1B | ||
| Q2 25 | $2.6B | $4.1B | ||
| Q1 25 | $2.6B | $4.1B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.7B | $4.0B | ||
| Q1 24 | $2.7B | $4.0B |
股东权益AXLCC
| Q4 25 | $640.0M | $250.0M | ||
| Q3 25 | $718.4M | $274.0M | ||
| Q2 25 | $673.0M | $228.0M | ||
| Q1 25 | $596.3M | $566.0M | ||
| Q4 24 | $562.8M | $571.0M | ||
| Q3 24 | $616.3M | $643.0M | ||
| Q2 24 | $609.6M | $714.0M | ||
| Q1 24 | $621.4M | $753.0M |
总资产AXLCC
| Q4 25 | $6.7B | $7.4B | ||
| Q3 25 | $5.3B | $7.5B | ||
| Q2 25 | $5.3B | $7.5B | ||
| Q1 25 | $5.1B | $7.4B | ||
| Q4 24 | $5.1B | $7.5B | ||
| Q3 24 | $5.3B | $7.5B | ||
| Q2 24 | $5.3B | $7.2B | ||
| Q1 24 | $5.4B | $8.0B |
负债/权益比AXLCC
| Q4 25 | 6.31× | 16.40× | ||
| Q3 25 | 3.61× | 14.96× | ||
| Q2 25 | 3.86× | 17.99× | ||
| Q1 25 | 4.38× | 7.18× | ||
| Q4 24 | 4.58× | 7.11× | ||
| Q3 24 | 4.28× | 6.20× | ||
| Q2 24 | 4.42× | 5.53× | ||
| Q1 24 | 4.40× | 5.27× |
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 | $137.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $92.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 6.9% |
| 资本支出强度资本支出/营收 | 4.8% | 3.4% |
| 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 | $51.0M |
8季度趋势，按日历期对齐
经营现金流AXLCC
| Q4 25 | $120.5M | $137.0M | ||
| Q3 25 | $143.3M | $146.0M | ||
| Q2 25 | $91.9M | $93.0M | ||
| Q1 25 | $55.9M | $-112.0M | ||
| Q4 24 | $151.2M | $138.0M | ||
| Q3 24 | $143.6M | $139.0M | ||
| Q2 24 | $142.8M | $-620.0M | ||
| Q1 24 | $17.8M | $-290.0M |
自由现金流AXLCC
| Q4 25 | $54.7M | $92.0M | ||
| Q3 25 | $79.2M | $105.0M | ||
| Q2 25 | $34.6M | $50.0M | ||
| Q1 25 | $-13.4M | $-196.0M | ||
| Q4 24 | $73.2M | $29.0M | ||
| Q3 24 | $70.4M | $63.0M | ||
| Q2 24 | $94.0M | $-693.0M | ||
| Q1 24 | $-30.2M | $-392.0M |
自由现金流率AXLCC
| Q4 25 | 4.0% | 6.9% | ||
| Q3 25 | 5.3% | 7.0% | ||
| Q2 25 | 2.3% | 3.1% | ||
| Q1 25 | -0.9% | -14.3% | ||
| Q4 24 | 5.3% | 2.1% | ||
| Q3 24 | 4.7% | 4.2% | ||
| Q2 24 | 5.8% | -44.6% | ||
| Q1 24 | -1.9% | -28.8% |
资本支出强度AXLCC
| Q4 25 | 4.8% | 3.4% | ||
| Q3 25 | 4.3% | 2.7% | ||
| Q2 25 | 3.7% | 2.7% | ||
| Q1 25 | 4.9% | 6.1% | ||
| Q4 24 | 5.6% | 8.0% | ||
| Q3 24 | 4.9% | 5.0% | ||
| Q2 24 | 3.0% | 4.7% | ||
| Q1 24 | 3.0% | 7.5% |
现金转化率AXLCC
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | 3.17× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | -10.33× | ||
| Q1 24 | 0.87× | -5.37× |
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% |
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
