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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与F5, Inc.（FFIV）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F5, Inc.的1.7倍（$1.4B vs $822.5M），F5, Inc.净利率更高（21.9% vs -5.4%，领先27.3%），F5, Inc.同比增速更快（7.3% vs 0.2%），F5, Inc.自由现金流更多（$149.5M vs $54.7M），过去两年F5, Inc.的营收复合增速更高（9.9% 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。
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
AXL vs FFIV — 直观对比
营收规模更大
AXL
是对方的1.7倍
$822.5M
营收增速更快
FFIV
高出7.1%
0.2%
净利率更高
FFIV
高出27.3%
-5.4%
自由现金流更多
FFIV
多$94.8M
$54.7M
两年增速更快
FFIV
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $822.5M |
| 净利润 | $-75.3M | $180.1M |
| 毛利率 | 10.2% | 81.5% |
| 营业利润率 | -2.4% | 26.0% |
| 净利率 | -5.4% | 21.9% |
| 营收同比 | 0.2% | 7.3% |
| 净利润同比 | -449.6% | 8.2% |
| 每股收益（稀释后） | $-0.62 | $3.10 |
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AXLFFIV
| Q4 25 | $1.4B | $822.5M | ||
| Q3 25 | $1.5B | $810.1M | ||
| Q2 25 | $1.5B | $780.4M | ||
| Q1 25 | $1.4B | $731.1M | ||
| Q4 24 | $1.4B | $766.5M | ||
| Q3 24 | $1.5B | $746.7M | ||
| Q2 24 | $1.6B | $695.5M | ||
| Q1 24 | $1.6B | $681.4M |
净利润AXLFFIV
| Q4 25 | $-75.3M | $180.1M | ||
| Q3 25 | $9.2M | $190.5M | ||
| Q2 25 | $39.3M | $189.9M | ||
| Q1 25 | $7.1M | $145.5M | ||
| Q4 24 | $-13.7M | $166.4M | ||
| Q3 24 | $10.0M | $165.3M | ||
| Q2 24 | $18.2M | $144.1M | ||
| Q1 24 | $20.5M | $119.0M |
毛利率AXLFFIV
| Q4 25 | 10.2% | 81.5% | ||
| Q3 25 | 12.6% | 82.2% | ||
| Q2 25 | 13.1% | 81.0% | ||
| Q1 25 | 12.3% | 80.7% | ||
| Q4 24 | 11.2% | 81.7% | ||
| Q3 24 | 11.4% | 80.8% | ||
| Q2 24 | 13.3% | 80.4% | ||
| Q1 24 | 12.4% | 79.3% |
营业利润率AXLFFIV
| Q4 25 | -2.4% | 26.0% | ||
| Q3 25 | 3.2% | 25.4% | ||
| Q2 25 | 3.6% | 25.2% | ||
| Q1 25 | 3.0% | 21.7% | ||
| Q4 24 | 2.6% | 26.8% | ||
| Q3 24 | 2.8% | 25.6% | ||
| Q2 24 | 5.3% | 23.4% | ||
| Q1 24 | 4.8% | 20.5% |
净利率AXLFFIV
| Q4 25 | -5.4% | 21.9% | ||
| Q3 25 | 0.6% | 23.5% | ||
| Q2 25 | 2.6% | 24.3% | ||
| Q1 25 | 0.5% | 19.9% | ||
| Q4 24 | -1.0% | 21.7% | ||
| Q3 24 | 0.7% | 22.1% | ||
| Q2 24 | 1.1% | 20.7% | ||
| Q1 24 | 1.3% | 17.5% |
每股收益（稀释后）AXLFFIV
| Q4 25 | $-0.62 | $3.10 | ||
| Q3 25 | $0.07 | $3.25 | ||
| Q2 25 | $0.32 | $3.25 | ||
| Q1 25 | $0.06 | $2.48 | ||
| Q4 24 | $-0.11 | $2.82 | ||
| Q3 24 | $0.08 | $2.79 | ||
| Q2 24 | $0.15 | $2.44 | ||
| Q1 24 | $0.17 | $2.00 |
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 | $1.2B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $3.5B |
| 总资产 | $6.7B | $6.3B |
| 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AXLFFIV
| Q4 25 | $708.9M | $1.2B | ||
| Q3 25 | $714.1M | $1.3B | ||
| Q2 25 | $586.5M | $1.4B | ||
| Q1 25 | $549.2M | $1.3B | ||
| Q4 24 | $552.9M | $1.2B | ||
| Q3 24 | $542.5M | $1.1B | ||
| Q2 24 | $519.9M | $935.6M | ||
| Q1 24 | $469.8M | $903.5M |
总债务AXLFFIV
| 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AXLFFIV
| Q4 25 | $640.0M | $3.5B | ||
| Q3 25 | $718.4M | $3.6B | ||
| Q2 25 | $673.0M | $3.5B | ||
| Q1 25 | $596.3M | $3.3B | ||
| Q4 24 | $562.8M | $3.2B | ||
| Q3 24 | $616.3M | $3.1B | ||
| Q2 24 | $609.6M | $3.0B | ||
| Q1 24 | $621.4M | $2.9B |
总资产AXLFFIV
| Q4 25 | $6.7B | $6.3B | ||
| Q3 25 | $5.3B | $6.3B | ||
| Q2 25 | $5.3B | $6.1B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.1B | $5.9B | ||
| Q3 24 | $5.3B | $5.6B | ||
| Q2 24 | $5.3B | $5.4B | ||
| Q1 24 | $5.4B | $5.4B |
负债/权益比AXLFFIV
| 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 | $159.2M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $149.5M |
| 自由现金流率自由现金流/营收 | 4.0% | 18.2% |
| 资本支出强度资本支出/营收 | 4.8% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $861.2M |
8季度趋势，按日历期对齐
经营现金流AXLFFIV
| Q4 25 | $120.5M | $159.2M | ||
| Q3 25 | $143.3M | $208.1M | ||
| Q2 25 | $91.9M | $282.2M | ||
| Q1 25 | $55.9M | $256.6M | ||
| Q4 24 | $151.2M | $202.8M | ||
| Q3 24 | $143.6M | $246.5M | ||
| Q2 24 | $142.8M | $159.0M | ||
| Q1 24 | $17.8M | $221.6M |
自由现金流AXLFFIV
| Q4 25 | $54.7M | $149.5M | ||
| Q3 25 | $79.2M | $191.9M | ||
| Q2 25 | $34.6M | $273.7M | ||
| Q1 25 | $-13.4M | $246.1M | ||
| Q4 24 | $73.2M | $194.7M | ||
| Q3 24 | $70.4M | $240.4M | ||
| Q2 24 | $94.0M | $153.1M | ||
| Q1 24 | $-30.2M | $212.2M |
自由现金流率AXLFFIV
| Q4 25 | 4.0% | 18.2% | ||
| Q3 25 | 5.3% | 23.7% | ||
| Q2 25 | 2.3% | 35.1% | ||
| Q1 25 | -0.9% | 33.7% | ||
| Q4 24 | 5.3% | 25.4% | ||
| Q3 24 | 4.7% | 32.2% | ||
| Q2 24 | 5.8% | 22.0% | ||
| Q1 24 | -1.9% | 31.1% |
资本支出强度AXLFFIV
| Q4 25 | 4.8% | 1.2% | ||
| Q3 25 | 4.3% | 2.0% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.9% | 1.4% | ||
| Q4 24 | 5.6% | 1.1% | ||
| Q3 24 | 4.9% | 0.8% | ||
| Q2 24 | 3.0% | 0.8% | ||
| Q1 24 | 3.0% | 1.4% |
现金转化率AXLFFIV
| Q4 25 | — | 0.88× | ||
| Q3 25 | 15.58× | 1.09× | ||
| Q2 25 | 2.34× | 1.49× | ||
| Q1 25 | 7.87× | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | 14.36× | 1.49× | ||
| Q2 24 | 7.85× | 1.10× | ||
| Q1 24 | 0.87× | 1.86× |
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% |
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
