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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.4倍（$1.9B vs $1.4B），芝商所净利率更高（0.1% vs -5.4%，领先5.5%），芝商所同比增速更快（14.5% vs 0.2%），过去两年芝商所的营收复合增速更高（10.8% 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。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
AXL vs CME — 直观对比
营收规模更大
CME
是对方的1.4倍
$1.4B
营收增速更快
CME
高出14.3%
0.2%
净利率更高
CME
高出5.5%
-5.4%
两年增速更快
CME
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $-75.3M | $1.2M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 0.1% |
| 净利率 | -5.4% | 0.1% |
| 营收同比 | 0.2% | 14.5% |
| 净利润同比 | -449.6% | 20.7% |
| 每股收益（稀释后） | $-0.62 | — |
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AXLCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B |
净利润AXLCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $-75.3M | $1.2B | ||
| Q3 25 | $9.2M | $908.0M | ||
| Q2 25 | $39.3M | $1.0B | ||
| Q1 25 | $7.1M | $956.2M | ||
| Q4 24 | $-13.7M | $874.6M | ||
| Q3 24 | $10.0M | $912.8M | ||
| Q2 24 | $18.2M | $883.2M |
毛利率AXLCME
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 13.3% | — |
营业利润率AXLCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | -2.4% | 61.8% | ||
| Q3 25 | 3.2% | 63.3% | ||
| Q2 25 | 3.6% | 66.7% | ||
| Q1 25 | 3.0% | 67.5% | ||
| Q4 24 | 2.6% | 62.1% | ||
| Q3 24 | 2.8% | 64.6% | ||
| Q2 24 | 5.3% | 65.3% |
净利率AXLCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | -5.4% | 71.7% | ||
| Q3 25 | 0.6% | 59.1% | ||
| Q2 25 | 2.6% | 60.6% | ||
| Q1 25 | 0.5% | 58.2% | ||
| Q4 24 | -1.0% | 57.3% | ||
| Q3 24 | 0.7% | 57.6% | ||
| Q2 24 | 1.1% | 57.6% |
每股收益（稀释后）AXLCME
| Q1 26 | — | — | ||
| Q4 25 | $-0.62 | $3.24 | ||
| Q3 25 | $0.07 | $2.49 | ||
| Q2 25 | $0.32 | $2.81 | ||
| Q1 25 | $0.06 | $2.62 | ||
| Q4 24 | $-0.11 | $2.40 | ||
| Q3 24 | $0.08 | $2.50 | ||
| Q2 24 | $0.15 | $2.42 |
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 | $2.4B |
| 总债务越低越好 | $4.0B | $3.4B |
| 股东权益账面价值 | $640.0M | — |
| 总资产 | $6.7B | $202.0B |
| 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AXLCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $708.9M | $4.5B | ||
| Q3 25 | $714.1M | $2.6B | ||
| Q2 25 | $586.5M | $2.1B | ||
| Q1 25 | $549.2M | $1.5B | ||
| Q4 24 | $552.9M | $3.0B | ||
| Q3 24 | $542.5M | $2.4B | ||
| Q2 24 | $519.9M | $1.9B |
总债务AXLCME
| Q1 26 | — | $3.4B | ||
| 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 | — |
股东权益AXLCME
| Q1 26 | — | — | ||
| Q4 25 | $640.0M | $28.7B | ||
| Q3 25 | $718.4M | $28.2B | ||
| Q2 25 | $673.0M | $27.7B | ||
| Q1 25 | $596.3M | $27.0B | ||
| Q4 24 | $562.8M | $26.5B | ||
| Q3 24 | $616.3M | $28.2B | ||
| Q2 24 | $609.6M | $27.6B |
总资产AXLCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $6.7B | $198.4B | ||
| Q3 25 | $5.3B | $187.1B | ||
| Q2 25 | $5.3B | $179.9B | ||
| Q1 25 | $5.1B | $157.8B | ||
| Q4 24 | $5.1B | $137.4B | ||
| Q3 24 | $5.3B | $137.8B | ||
| Q2 24 | $5.3B | $123.4B |
负债/权益比AXLCME
| Q1 26 | — | — | ||
| 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× | — |
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AXLCME
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $1.1B | ||
| Q3 25 | $143.3M | $968.1M | ||
| Q2 25 | $91.9M | $1.1B | ||
| Q1 25 | $55.9M | $1.1B | ||
| Q4 24 | $151.2M | $1.0B | ||
| Q3 24 | $143.6M | $1.0B | ||
| Q2 24 | $142.8M | $776.9M |
自由现金流AXLCME
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $1.1B | ||
| Q3 25 | $79.2M | $949.7M | ||
| Q2 25 | $34.6M | $1.0B | ||
| Q1 25 | $-13.4M | $1.1B | ||
| Q4 24 | $73.2M | $991.7M | ||
| Q3 24 | $70.4M | $973.2M | ||
| Q2 24 | $94.0M | $758.7M |
自由现金流率AXLCME
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 66.8% | ||
| Q3 25 | 5.3% | 61.8% | ||
| Q2 25 | 2.3% | 61.5% | ||
| Q1 25 | -0.9% | 67.1% | ||
| Q4 24 | 5.3% | 65.0% | ||
| Q3 24 | 4.7% | 61.4% | ||
| Q2 24 | 5.8% | 49.5% |
资本支出强度AXLCME
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 2.0% | ||
| Q3 25 | 4.3% | 1.2% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.9% | 0.9% | ||
| Q4 24 | 5.6% | 1.7% | ||
| Q3 24 | 4.9% | 1.9% | ||
| Q2 24 | 3.0% | 1.2% |
现金转化率AXLCME
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | 15.58× | 1.07× | ||
| Q2 25 | 2.34× | 1.03× | ||
| Q1 25 | 7.87× | 1.17× | ||
| Q4 24 | — | 1.16× | ||
| Q3 24 | 14.36× | 1.10× | ||
| Q2 24 | 7.85× | 0.88× |
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% |
CME
暂无分部数据
