vs
AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与FMC CORP（FMC）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FMC CORP的1.3倍（$1.4B vs $1.1B），AMERICAN AXLE & MANUFACTURING HOLDINGS INC净利率更高（-5.4% vs -158.8%，领先153.4%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -11.5%），FMC CORP自由现金流更多（$631.1M vs $54.7M），过去两年FMC CORP的营收复合增速更高（8.6% 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。
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
AXL vs FMC — 直观对比
营收规模更大
AXL
是对方的1.3倍
$1.1B
营收增速更快
AXL
高出11.7%
-11.5%
净利率更高
AXL
高出153.4%
-158.8%
自由现金流更多
FMC
多$576.4M
$54.7M
两年增速更快
FMC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $-75.3M | $-1.7B |
| 毛利率 | 10.2% | 39.8% |
| 营业利润率 | -2.4% | -130.8% |
| 净利率 | -5.4% | -158.8% |
| 营收同比 | 0.2% | -11.5% |
| 净利润同比 | -449.6% | -10457.1% |
| 每股收益（稀释后） | $-0.62 | $-13.77 |
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AXLFMC
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.5B | $542.2M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $791.4M | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.6B | $918.0M |
净利润AXLFMC
| Q4 25 | $-75.3M | $-1.7B | ||
| Q3 25 | $9.2M | $-569.3M | ||
| Q2 25 | $39.3M | $66.7M | ||
| Q1 25 | $7.1M | $-15.5M | ||
| Q4 24 | $-13.7M | $-16.3M | ||
| Q3 24 | $10.0M | $65.0M | ||
| Q2 24 | $18.2M | $295.1M | ||
| Q1 24 | $20.5M | $-2.7M |
毛利率AXLFMC
| Q4 25 | 10.2% | 39.8% | ||
| Q3 25 | 12.6% | 23.8% | ||
| Q2 25 | 13.1% | 38.7% | ||
| Q1 25 | 12.3% | 40.0% | ||
| Q4 24 | 11.2% | 42.9% | ||
| Q3 24 | 11.4% | 36.3% | ||
| Q2 24 | 13.3% | 38.3% | ||
| Q1 24 | 12.4% | 37.0% |
营业利润率AXLFMC
| Q4 25 | -2.4% | -130.8% | ||
| Q3 25 | 3.2% | -73.1% | ||
| Q2 25 | 3.6% | 12.0% | ||
| Q1 25 | 3.0% | 7.4% | ||
| Q4 24 | 2.6% | 19.2% | ||
| Q3 24 | 2.8% | 12.7% | ||
| Q2 24 | 5.3% | 6.0% | ||
| Q1 24 | 4.8% | 8.1% |
净利率AXLFMC
| Q4 25 | -5.4% | -158.8% | ||
| Q3 25 | 0.6% | -105.0% | ||
| Q2 25 | 2.6% | 6.3% | ||
| Q1 25 | 0.5% | -2.0% | ||
| Q4 24 | -1.0% | -1.3% | ||
| Q3 24 | 0.7% | 6.1% | ||
| Q2 24 | 1.1% | 28.4% | ||
| Q1 24 | 1.3% | -0.3% |
每股收益（稀释后）AXLFMC
| Q4 25 | $-0.62 | $-13.77 | ||
| Q3 25 | $0.07 | $-4.52 | ||
| Q2 25 | $0.32 | $0.53 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | $-0.11 | $-0.13 | ||
| Q3 24 | $0.08 | $0.52 | ||
| Q2 24 | $0.15 | $2.35 | ||
| Q1 24 | $0.17 | $-0.02 |
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 | $584.5M |
| 总债务越低越好 | $4.0B | $3.4B |
| 股东权益账面价值 | $640.0M | $2.1B |
| 总资产 | $6.7B | $9.7B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.62× |
8季度趋势，按日历期对齐
现金及短期投资AXLFMC
| Q4 25 | $708.9M | $584.5M | ||
| Q3 25 | $714.1M | $497.7M | ||
| Q2 25 | $586.5M | $438.2M | ||
| Q1 25 | $549.2M | $315.3M | ||
| Q4 24 | $552.9M | $357.3M | ||
| Q3 24 | $542.5M | $416.7M | ||
| Q2 24 | $519.9M | $471.5M | ||
| Q1 24 | $469.8M | $417.8M |
总债务AXLFMC
| Q4 25 | $4.0B | $3.4B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.6B | $3.4B | ||
| Q1 25 | $2.6B | $3.1B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.7B | $3.1B | ||
| Q1 24 | $2.7B | $3.1B |
股东权益AXLFMC
| Q4 25 | $640.0M | $2.1B | ||
| Q3 25 | $718.4M | $3.8B | ||
| Q2 25 | $673.0M | $4.4B | ||
| Q1 25 | $596.3M | $4.4B | ||
| Q4 24 | $562.8M | $4.5B | ||
| Q3 24 | $616.3M | $4.6B | ||
| Q2 24 | $609.6M | $4.6B | ||
| Q1 24 | $621.4M | $4.3B |
总资产AXLFMC
| Q4 25 | $6.7B | $9.7B | ||
| Q3 25 | $5.3B | $12.1B | ||
| Q2 25 | $5.3B | $12.3B | ||
| Q1 25 | $5.1B | $11.8B | ||
| Q4 24 | $5.1B | $11.7B | ||
| Q3 24 | $5.3B | $12.2B | ||
| Q2 24 | $5.3B | $12.1B | ||
| Q1 24 | $5.4B | $12.0B |
负债/权益比AXLFMC
| Q4 25 | 6.31× | 1.62× | ||
| Q3 25 | 3.61× | 0.89× | ||
| Q2 25 | 3.86× | 0.76× | ||
| Q1 25 | 4.38× | 0.71× | ||
| Q4 24 | 4.58× | 0.69× | ||
| Q3 24 | 4.28× | 0.68× | ||
| Q2 24 | 4.42× | 0.68× | ||
| Q1 24 | 4.40× | 0.72× |
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 | $657.1M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $631.1M |
| 自由现金流率自由现金流/营收 | 4.0% | 58.3% |
| 资本支出强度资本支出/营收 | 4.8% | 2.4% |
| 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 | $-102.5M |
8季度趋势，按日历期对齐
经营现金流AXLFMC
| Q4 25 | $120.5M | $657.1M | ||
| Q3 25 | $143.3M | $-184.2M | ||
| Q2 25 | $91.9M | $65.9M | ||
| Q1 25 | $55.9M | $-545.0M | ||
| Q4 24 | $151.2M | $427.9M | ||
| Q3 24 | $143.6M | $159.5M | ||
| Q2 24 | $142.8M | $292.2M | ||
| Q1 24 | $17.8M | $-142.9M |
自由现金流AXLFMC
| Q4 25 | $54.7M | $631.1M | ||
| Q3 25 | $79.2M | $-207.9M | ||
| Q2 25 | $34.6M | $50.9M | ||
| Q1 25 | $-13.4M | $-576.6M | ||
| Q4 24 | $73.2M | $406.3M | ||
| Q3 24 | $70.4M | $143.8M | ||
| Q2 24 | $94.0M | $282.3M | ||
| Q1 24 | $-30.2M | $-163.6M |
自由现金流率AXLFMC
| Q4 25 | 4.0% | 58.3% | ||
| Q3 25 | 5.3% | -38.3% | ||
| Q2 25 | 2.3% | 4.8% | ||
| Q1 25 | -0.9% | -72.9% | ||
| Q4 24 | 5.3% | 33.2% | ||
| Q3 24 | 4.7% | 13.5% | ||
| Q2 24 | 5.8% | 27.2% | ||
| Q1 24 | -1.9% | -17.8% |
资本支出强度AXLFMC
| Q4 25 | 4.8% | 2.4% | ||
| Q3 25 | 4.3% | 4.4% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 4.9% | 4.0% | ||
| Q4 24 | 5.6% | 1.8% | ||
| Q3 24 | 4.9% | 1.5% | ||
| Q2 24 | 3.0% | 1.0% | ||
| Q1 24 | 3.0% | 2.3% |
现金转化率AXLFMC
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | 0.99× | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 2.45× | ||
| Q2 24 | 7.85× | 0.99× | ||
| 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% |
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
