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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与高乐氏（CLX）财务数据对比。点击上方公司名可切换其他公司
高乐氏的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.2倍（$1.7B vs $1.4B），高乐氏净利率更高（9.4% vs -5.4%，领先14.8%），高乐氏同比增速更快（0.3% vs 0.2%），过去两年AMERICAN AXLE & MANUFACTURING HOLDINGS INC的营收复合增速更高（-7.2% vs -8.3%）
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。
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
AXL vs CLX — 直观对比
营收规模更大
CLX
是对方的1.2倍
$1.4B
营收增速更快
CLX
高出0.1%
0.2%
净利率更高
CLX
高出14.8%
-5.4%
两年增速更快
AXL
近两年复合增速
-8.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-75.3M | $157.0M |
| 毛利率 | 10.2% | 43.2% |
| 营业利润率 | -2.4% | — |
| 净利率 | -5.4% | 9.4% |
| 营收同比 | 0.2% | 0.3% |
| 净利润同比 | -449.6% | -15.6% |
| 每股收益（稀释后） | $-0.62 | $1.29 |
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AXLCLX
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.6B | $1.8B |
净利润AXLCLX
| Q4 25 | $-75.3M | $157.0M | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $39.3M | $332.0M | ||
| Q1 25 | $7.1M | $186.0M | ||
| Q4 24 | $-13.7M | $193.0M | ||
| Q3 24 | $10.0M | $99.0M | ||
| Q2 24 | $18.2M | $216.0M | ||
| Q1 24 | $20.5M | $-51.0M |
毛利率AXLCLX
| Q4 25 | 10.2% | 43.2% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | 46.5% | ||
| Q1 25 | 12.3% | 44.6% | ||
| Q4 24 | 11.2% | 43.8% | ||
| Q3 24 | 11.4% | 45.8% | ||
| Q2 24 | 13.3% | 46.5% | ||
| Q1 24 | 12.4% | 42.2% |
营业利润率AXLCLX
| Q4 25 | -2.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.6% | 20.6% | ||
| Q1 25 | 3.0% | 15.2% | ||
| Q4 24 | 2.6% | 14.1% | ||
| Q3 24 | 2.8% | 10.0% | ||
| Q2 24 | 5.3% | 14.5% | ||
| Q1 24 | 4.8% | -2.3% |
净利率AXLCLX
| Q4 25 | -5.4% | 9.4% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 2.6% | 16.7% | ||
| Q1 25 | 0.5% | 11.2% | ||
| Q4 24 | -1.0% | 11.4% | ||
| Q3 24 | 0.7% | 5.6% | ||
| Q2 24 | 1.1% | 11.4% | ||
| Q1 24 | 1.3% | -2.8% |
每股收益（稀释后）AXLCLX
| Q4 25 | $-0.62 | $1.29 | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.32 | $2.68 | ||
| Q1 25 | $0.06 | $1.50 | ||
| Q4 24 | $-0.11 | $1.54 | ||
| Q3 24 | $0.08 | $0.80 | ||
| Q2 24 | $0.15 | $1.74 | ||
| Q1 24 | $0.17 | $-0.41 |
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 | $227.0M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $-125.0M |
| 总资产 | $6.7B | $5.6B |
| 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AXLCLX
| Q4 25 | $708.9M | $227.0M | ||
| Q3 25 | $714.1M | — | ||
| Q2 25 | $586.5M | $167.0M | ||
| Q1 25 | $549.2M | $226.0M | ||
| Q4 24 | $552.9M | $290.0M | ||
| Q3 24 | $542.5M | $278.0M | ||
| Q2 24 | $519.9M | $202.0M | ||
| Q1 24 | $469.8M | $219.0M |
总债务AXLCLX
| Q4 25 | $4.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | $2.5B | ||
| Q1 24 | $2.7B | — |
股东权益AXLCLX
| Q4 25 | $640.0M | $-125.0M | ||
| Q3 25 | $718.4M | — | ||
| Q2 25 | $673.0M | $321.0M | ||
| Q1 25 | $596.3M | $27.0M | ||
| Q4 24 | $562.8M | $-41.0M | ||
| Q3 24 | $616.3M | $60.0M | ||
| Q2 24 | $609.6M | $328.0M | ||
| Q1 24 | $621.4M | $91.0M |
总资产AXLCLX
| Q4 25 | $6.7B | $5.6B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.3B | $5.6B | ||
| Q1 25 | $5.1B | $5.5B | ||
| Q4 24 | $5.1B | $5.6B | ||
| Q3 24 | $5.3B | $5.5B | ||
| Q2 24 | $5.3B | $5.8B | ||
| Q1 24 | $5.4B | $5.8B |
负债/权益比AXLCLX
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | 7.74× | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | 7.56× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $54.7M | — |
| 自由现金流率自由现金流/营收 | 4.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AXLCLX
| Q4 25 | $120.5M | — | ||
| Q3 25 | $143.3M | — | ||
| Q2 25 | $91.9M | $294.0M | ||
| Q1 25 | $55.9M | $286.0M | ||
| Q4 24 | $151.2M | $180.0M | ||
| Q3 24 | $143.6M | $221.0M | ||
| Q2 24 | $142.8M | $340.0M | ||
| Q1 24 | $17.8M | $182.0M |
自由现金流AXLCLX
| Q4 25 | $54.7M | — | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $34.6M | $219.0M | ||
| Q1 25 | $-13.4M | $233.0M | ||
| Q4 24 | $73.2M | $127.0M | ||
| Q3 24 | $70.4M | $182.0M | ||
| Q2 24 | $94.0M | $259.0M | ||
| Q1 24 | $-30.2M | $127.0M |
自由现金流率AXLCLX
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 2.3% | 11.0% | ||
| Q1 25 | -0.9% | 14.0% | ||
| Q4 24 | 5.3% | 7.5% | ||
| Q3 24 | 4.7% | 10.3% | ||
| Q2 24 | 5.8% | 13.6% | ||
| Q1 24 | -1.9% | 7.0% |
资本支出强度AXLCLX
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.7% | 3.8% | ||
| Q1 25 | 4.9% | 3.2% | ||
| Q4 24 | 5.6% | 3.1% | ||
| Q3 24 | 4.9% | 2.2% | ||
| Q2 24 | 3.0% | 4.3% | ||
| Q1 24 | 3.0% | 3.0% |
现金转化率AXLCLX
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | 0.89× | ||
| Q1 25 | 7.87× | 1.54× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | 14.36× | 2.23× | ||
| Q2 24 | 7.85× | 1.57× | ||
| Q1 24 | 0.87× | — |
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% |
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
