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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Fabrinet（FN）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Fabrinet的1.2倍（$1.4B vs $1.1B），Fabrinet净利率更高（9.9% vs -5.4%，领先15.4%），Fabrinet同比增速更快（35.9% vs 0.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% 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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
AXL vs FN — 直观对比
营收规模更大
AXL
是对方的1.2倍
$1.1B
营收增速更快
FN
高出35.7%
0.2%
净利率更高
FN
高出15.4%
-5.4%
自由现金流更多
AXL
多$60.0M
$-5.3M
两年增速更快
FN
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $-75.3M | $112.6M |
| 毛利率 | 10.2% | 12.2% |
| 营业利润率 | -2.4% | 10.1% |
| 净利率 | -5.4% | 9.9% |
| 营收同比 | 0.2% | 35.9% |
| 净利润同比 | -449.6% | 30.0% |
| 每股收益（稀释后） | $-0.62 | $3.11 |
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AXLFN
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.5B | $978.1M | ||
| Q2 25 | $1.5B | $909.7M | ||
| Q1 25 | $1.4B | $871.8M | ||
| Q4 24 | $1.4B | $833.6M | ||
| Q3 24 | $1.5B | $804.2M | ||
| Q2 24 | $1.6B | $753.3M | ||
| Q1 24 | $1.6B | $731.5M |
净利润AXLFN
| Q4 25 | $-75.3M | $112.6M | ||
| Q3 25 | $9.2M | $95.9M | ||
| Q2 25 | $39.3M | $87.2M | ||
| Q1 25 | $7.1M | $81.3M | ||
| Q4 24 | $-13.7M | $86.6M | ||
| Q3 24 | $10.0M | $77.4M | ||
| Q2 24 | $18.2M | $81.1M | ||
| Q1 24 | $20.5M | $80.9M |
毛利率AXLFN
| Q4 25 | 10.2% | 12.2% | ||
| Q3 25 | 12.6% | 11.9% | ||
| Q2 25 | 13.1% | 12.2% | ||
| Q1 25 | 12.3% | 11.7% | ||
| Q4 24 | 11.2% | 12.1% | ||
| Q3 24 | 11.4% | 12.3% | ||
| Q2 24 | 13.3% | 12.3% | ||
| Q1 24 | 12.4% | 12.4% |
营业利润率AXLFN
| Q4 25 | -2.4% | 10.1% | ||
| Q3 25 | 3.2% | 9.6% | ||
| Q2 25 | 3.6% | 9.8% | ||
| Q1 25 | 3.0% | 9.0% | ||
| Q4 24 | 2.6% | 9.5% | ||
| Q3 24 | 2.8% | 9.6% | ||
| Q2 24 | 5.3% | 9.7% | ||
| Q1 24 | 4.8% | 9.7% |
净利率AXLFN
| Q4 25 | -5.4% | 9.9% | ||
| Q3 25 | 0.6% | 9.8% | ||
| Q2 25 | 2.6% | 9.6% | ||
| Q1 25 | 0.5% | 9.3% | ||
| Q4 24 | -1.0% | 10.4% | ||
| Q3 24 | 0.7% | 9.6% | ||
| Q2 24 | 1.1% | 10.8% | ||
| Q1 24 | 1.3% | 11.1% |
每股收益（稀释后）AXLFN
| Q4 25 | $-0.62 | $3.11 | ||
| Q3 25 | $0.07 | $2.66 | ||
| Q2 25 | $0.32 | $2.41 | ||
| Q1 25 | $0.06 | $2.25 | ||
| Q4 24 | $-0.11 | $2.38 | ||
| Q3 24 | $0.08 | $2.13 | ||
| Q2 24 | $0.15 | $2.22 | ||
| Q1 24 | $0.17 | $2.21 |
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 | $960.8M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $2.2B |
| 总资产 | $6.7B | $3.3B |
| 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AXLFN
| Q4 25 | $708.9M | $960.8M | ||
| Q3 25 | $714.1M | $968.8M | ||
| Q2 25 | $586.5M | $934.2M | ||
| Q1 25 | $549.2M | $950.7M | ||
| Q4 24 | $552.9M | $934.6M | ||
| Q3 24 | $542.5M | $908.9M | ||
| Q2 24 | $519.9M | $858.6M | ||
| Q1 24 | $469.8M | $794.0M |
总债务AXLFN
| 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AXLFN
| Q4 25 | $640.0M | $2.2B | ||
| Q3 25 | $718.4M | $2.1B | ||
| Q2 25 | $673.0M | $2.0B | ||
| Q1 25 | $596.3M | $1.9B | ||
| Q4 24 | $562.8M | $1.8B | ||
| Q3 24 | $616.3M | $1.8B | ||
| Q2 24 | $609.6M | $1.7B | ||
| Q1 24 | $621.4M | $1.7B |
总资产AXLFN
| Q4 25 | $6.7B | $3.3B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.1B | $2.5B | ||
| Q3 24 | $5.3B | $2.4B | ||
| Q2 24 | $5.3B | $2.3B | ||
| Q1 24 | $5.4B | $2.2B |
负债/权益比AXLFN
| 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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $-5.3M |
| 自由现金流率自由现金流/营收 | 4.0% | -0.5% |
| 资本支出强度资本支出/营收 | 4.8% | 4.6% |
| 现金转化率经营现金流/净利润 | — | 0.41× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $102.3M |
8季度趋势，按日历期对齐
经营现金流AXLFN
| Q4 25 | $120.5M | $46.3M | ||
| Q3 25 | $143.3M | $102.6M | ||
| Q2 25 | $91.9M | $55.1M | ||
| Q1 25 | $55.9M | $74.2M | ||
| Q4 24 | $151.2M | $115.9M | ||
| Q3 24 | $143.6M | $83.2M | ||
| Q2 24 | $142.8M | $83.1M | ||
| Q1 24 | $17.8M | $100.9M |
自由现金流AXLFN
| Q4 25 | $54.7M | $-5.3M | ||
| Q3 25 | $79.2M | $57.3M | ||
| Q2 25 | $34.6M | $4.7M | ||
| Q1 25 | $-13.4M | $45.7M | ||
| Q4 24 | $73.2M | $94.0M | ||
| Q3 24 | $70.4M | $62.9M | ||
| Q2 24 | $94.0M | $70.4M | ||
| Q1 24 | $-30.2M | $87.3M |
自由现金流率AXLFN
| Q4 25 | 4.0% | -0.5% | ||
| Q3 25 | 5.3% | 5.9% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | -0.9% | 5.2% | ||
| Q4 24 | 5.3% | 11.3% | ||
| Q3 24 | 4.7% | 7.8% | ||
| Q2 24 | 5.8% | 9.3% | ||
| Q1 24 | -1.9% | 11.9% |
资本支出强度AXLFN
| Q4 25 | 4.8% | 4.6% | ||
| Q3 25 | 4.3% | 4.6% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 4.9% | 3.3% | ||
| Q4 24 | 5.6% | 2.6% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 3.0% | 1.7% | ||
| Q1 24 | 3.0% | 1.9% |
现金转化率AXLFN
| Q4 25 | — | 0.41× | ||
| Q3 25 | 15.58× | 1.07× | ||
| Q2 25 | 2.34× | 0.63× | ||
| Q1 25 | 7.87× | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | 14.36× | 1.07× | ||
| Q2 24 | 7.85× | 1.02× | ||
| Q1 24 | 0.87× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
