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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与孩之宝（HAS）财务数据对比。点击上方公司名可切换其他公司
孩之宝的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.0倍（$1.4B vs $1.4B），孩之宝净利率更高（13.9% vs -5.4%，领先19.4%），孩之宝同比增速更快（31.3% vs 0.2%），孩之宝自由现金流更多（$389.5M vs $54.7M），过去两年孩之宝的营收复合增速更高（38.2% 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。
孩之宝是1923年12月6日成立的美国跨国玩具制造与娱乐控股企业，总部位于罗德岛州波塔基特。旗下拥有Kenner、米尔顿·布拉德利、派克兄弟、威世智等知名品牌，持有大量热门IP商标权，业务覆盖玩具生产、游戏开发、娱乐内容出品等多个领域。
AXL vs HAS — 直观对比
营收规模更大
HAS
是对方的1.0倍
$1.4B
营收增速更快
HAS
高出31.0%
0.2%
净利率更高
HAS
高出19.4%
-5.4%
自由现金流更多
HAS
多$334.8M
$54.7M
两年增速更快
HAS
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-75.3M | $201.6M |
| 毛利率 | 10.2% | 68.7% |
| 营业利润率 | -2.4% | 20.6% |
| 净利率 | -5.4% | 13.9% |
| 营收同比 | 0.2% | 31.3% |
| 净利润同比 | -449.6% | 687.8% |
| 每股收益（稀释后） | $-0.62 | $1.46 |
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AXLHAS
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $980.8M | ||
| Q1 25 | $1.4B | $887.1M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $995.3M | ||
| Q1 24 | $1.6B | $757.3M |
净利润AXLHAS
| Q4 25 | $-75.3M | $201.6M | ||
| Q3 25 | $9.2M | $233.2M | ||
| Q2 25 | $39.3M | $-855.8M | ||
| Q1 25 | $7.1M | $98.6M | ||
| Q4 24 | $-13.7M | $-34.3M | ||
| Q3 24 | $10.0M | $223.2M | ||
| Q2 24 | $18.2M | $138.5M | ||
| Q1 24 | $20.5M | $58.2M |
毛利率AXLHAS
| Q4 25 | 10.2% | 68.7% | ||
| Q3 25 | 12.6% | 70.1% | ||
| Q2 25 | 13.1% | 77.0% | ||
| Q1 25 | 12.3% | 76.9% | ||
| Q4 24 | 11.2% | 67.4% | ||
| Q3 24 | 11.4% | 70.4% | ||
| Q2 24 | 13.3% | 76.1% | ||
| Q1 24 | 12.4% | 73.0% |
营业利润率AXLHAS
| Q4 25 | -2.4% | 20.6% | ||
| Q3 25 | 3.2% | 24.6% | ||
| Q2 25 | 3.6% | -81.4% | ||
| Q1 25 | 3.0% | 19.2% | ||
| Q4 24 | 2.6% | 5.4% | ||
| Q3 24 | 2.8% | 23.6% | ||
| Q2 24 | 5.3% | 21.3% | ||
| Q1 24 | 4.8% | 15.3% |
净利率AXLHAS
| Q4 25 | -5.4% | 13.9% | ||
| Q3 25 | 0.6% | 16.8% | ||
| Q2 25 | 2.6% | -87.3% | ||
| Q1 25 | 0.5% | 11.1% | ||
| Q4 24 | -1.0% | -3.1% | ||
| Q3 24 | 0.7% | 17.4% | ||
| Q2 24 | 1.1% | 13.9% | ||
| Q1 24 | 1.3% | 7.7% |
每股收益（稀释后）AXLHAS
| Q4 25 | $-0.62 | $1.46 | ||
| Q3 25 | $0.07 | $1.64 | ||
| Q2 25 | $0.32 | $-6.10 | ||
| Q1 25 | $0.06 | $0.70 | ||
| Q4 24 | $-0.11 | $-0.25 | ||
| Q3 24 | $0.08 | $1.59 | ||
| Q2 24 | $0.15 | $0.99 | ||
| Q1 24 | $0.17 | $0.42 |
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 | — |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $565.5M |
| 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AXLHAS
| Q4 25 | $708.9M | — | ||
| Q3 25 | $714.1M | — | ||
| Q2 25 | $586.5M | — | ||
| Q1 25 | $549.2M | — | ||
| Q4 24 | $552.9M | — | ||
| Q3 24 | $542.5M | — | ||
| Q2 24 | $519.9M | — | ||
| Q1 24 | $469.8M | — |
总债务AXLHAS
| 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AXLHAS
| Q4 25 | $640.0M | $565.5M | ||
| Q3 25 | $718.4M | $433.8M | ||
| Q2 25 | $673.0M | $269.7M | ||
| Q1 25 | $596.3M | $1.2B | ||
| Q4 24 | $562.8M | $1.2B | ||
| Q3 24 | $616.3M | $1.3B | ||
| Q2 24 | $609.6M | $1.2B | ||
| Q1 24 | $621.4M | $1.0B |
总资产AXLHAS
| Q4 25 | $6.7B | $5.6B | ||
| Q3 25 | $5.3B | $5.5B | ||
| Q2 25 | $5.3B | $5.2B | ||
| Q1 25 | $5.1B | $6.0B | ||
| Q4 24 | $5.1B | $6.3B | ||
| Q3 24 | $5.3B | $7.2B | ||
| Q2 24 | $5.3B | $6.9B | ||
| Q1 24 | $5.4B | $6.2B |
负债/权益比AXLHAS
| 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 | $403.2M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $389.5M |
| 自由现金流率自由现金流/营收 | 4.0% | 26.9% |
| 资本支出强度资本支出/营收 | 4.8% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $829.9M |
8季度趋势，按日历期对齐
经营现金流AXLHAS
| Q4 25 | $120.5M | $403.2M | ||
| Q3 25 | $143.3M | $280.6M | ||
| Q2 25 | $91.9M | $71.3M | ||
| Q1 25 | $55.9M | $138.1M | ||
| Q4 24 | $151.2M | $259.8M | ||
| Q3 24 | $143.6M | $222.5M | ||
| Q2 24 | $142.8M | $187.3M | ||
| Q1 24 | $17.8M | $177.8M |
自由现金流AXLHAS
| Q4 25 | $54.7M | $389.5M | ||
| Q3 25 | $79.2M | $260.9M | ||
| Q2 25 | $34.6M | $55.2M | ||
| Q1 25 | $-13.4M | $124.3M | ||
| Q4 24 | $73.2M | $200.8M | ||
| Q3 24 | $70.4M | $174.0M | ||
| Q2 24 | $94.0M | $135.4M | ||
| Q1 24 | $-30.2M | $132.0M |
自由现金流率AXLHAS
| Q4 25 | 4.0% | 26.9% | ||
| Q3 25 | 5.3% | 18.8% | ||
| Q2 25 | 2.3% | 5.6% | ||
| Q1 25 | -0.9% | 14.0% | ||
| Q4 24 | 5.3% | 18.2% | ||
| Q3 24 | 4.7% | 13.6% | ||
| Q2 24 | 5.8% | 13.6% | ||
| Q1 24 | -1.9% | 17.4% |
资本支出强度AXLHAS
| Q4 25 | 4.8% | 0.9% | ||
| Q3 25 | 4.3% | 1.4% | ||
| Q2 25 | 3.7% | 1.6% | ||
| Q1 25 | 4.9% | 1.6% | ||
| Q4 24 | 5.6% | 5.4% | ||
| Q3 24 | 4.9% | 3.8% | ||
| Q2 24 | 3.0% | 5.2% | ||
| Q1 24 | 3.0% | 6.0% |
现金转化率AXLHAS
| Q4 25 | — | 2.00× | ||
| Q3 25 | 15.58× | 1.20× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | 1.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 1.00× | ||
| Q2 24 | 7.85× | 1.35× | ||
| Q1 24 | 0.87× | 3.05× |
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% |
HAS
| Grow Brands | $1.1B | 75% |
| Optimize Brands | $188.7M | 13% |
| Digital And Licensing Gaming | $135.7M | 9% |
| Class Of Principal Product Family Brands | $13.1M | 1% |
| Filmand TV | $2.4M | 0% |
