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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.3倍（$1.8B vs $1.4B），宜瑞安净利率更高（9.5% vs -5.4%，领先14.9%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $54.7M），过去两年宜瑞安的营收复合增速更高（-3.4% 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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
AXL vs INGR — 直观对比
营收规模更大
INGR
是对方的1.3倍
$1.4B
营收增速更快
AXL
高出2.6%
-2.4%
净利率更高
INGR
高出14.9%
-5.4%
自由现金流更多
INGR
多$215.3M
$54.7M
两年增速更快
INGR
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $-75.3M | $167.0M |
| 毛利率 | 10.2% | 24.5% |
| 营业利润率 | -2.4% | 12.5% |
| 净利率 | -5.4% | 9.5% |
| 营收同比 | 0.2% | -2.4% |
| 净利润同比 | -449.6% | 72.2% |
| 每股收益（稀释后） | $-0.62 | $2.58 |
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AXLINGR
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.6B | $1.9B |
净利润AXLINGR
| Q4 25 | $-75.3M | $167.0M | ||
| Q3 25 | $9.2M | $171.0M | ||
| Q2 25 | $39.3M | $196.0M | ||
| Q1 25 | $7.1M | $197.0M | ||
| Q4 24 | $-13.7M | $97.0M | ||
| Q3 24 | $10.0M | $188.0M | ||
| Q2 24 | $18.2M | $148.0M | ||
| Q1 24 | $20.5M | $216.0M |
毛利率AXLINGR
| Q4 25 | 10.2% | 24.5% | ||
| Q3 25 | 12.6% | 25.1% | ||
| Q2 25 | 13.1% | 26.0% | ||
| Q1 25 | 12.3% | 25.7% | ||
| Q4 24 | 11.2% | 24.9% | ||
| Q3 24 | 11.4% | 25.6% | ||
| Q2 24 | 13.3% | 23.7% | ||
| Q1 24 | 12.4% | 22.2% |
营业利润率AXLINGR
| Q4 25 | -2.4% | 12.5% | ||
| Q3 25 | 3.2% | 13.7% | ||
| Q2 25 | 3.6% | 14.8% | ||
| Q1 25 | 3.0% | 15.2% | ||
| Q4 24 | 2.6% | 9.0% | ||
| Q3 24 | 2.8% | 14.3% | ||
| Q2 24 | 5.3% | 12.8% | ||
| Q1 24 | 4.8% | 11.3% |
净利率AXLINGR
| Q4 25 | -5.4% | 9.5% | ||
| Q3 25 | 0.6% | 9.4% | ||
| Q2 25 | 2.6% | 10.7% | ||
| Q1 25 | 0.5% | 10.9% | ||
| Q4 24 | -1.0% | 5.4% | ||
| Q3 24 | 0.7% | 10.1% | ||
| Q2 24 | 1.1% | 7.9% | ||
| Q1 24 | 1.3% | 11.5% |
每股收益（稀释后）AXLINGR
| Q4 25 | $-0.62 | $2.58 | ||
| Q3 25 | $0.07 | $2.61 | ||
| Q2 25 | $0.32 | $2.99 | ||
| Q1 25 | $0.06 | $3.00 | ||
| Q4 24 | $-0.11 | $1.43 | ||
| Q3 24 | $0.08 | $2.83 | ||
| Q2 24 | $0.15 | $2.22 | ||
| Q1 24 | $0.17 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $4.3B |
| 总资产 | $6.7B | $7.9B |
| 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AXLINGR
| Q4 25 | $708.9M | $1.0B | ||
| Q3 25 | $714.1M | $915.0M | ||
| Q2 25 | $586.5M | $861.0M | ||
| Q1 25 | $549.2M | $837.0M | ||
| Q4 24 | $552.9M | $997.0M | ||
| Q3 24 | $542.5M | $877.0M | ||
| Q2 24 | $519.9M | $505.0M | ||
| Q1 24 | $469.8M | $438.0M |
总债务AXLINGR
| 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AXLINGR
| Q4 25 | $640.0M | $4.3B | ||
| Q3 25 | $718.4M | $4.2B | ||
| Q2 25 | $673.0M | $4.2B | ||
| Q1 25 | $596.3M | $4.0B | ||
| Q4 24 | $562.8M | $3.8B | ||
| Q3 24 | $616.3M | $4.0B | ||
| Q2 24 | $609.6M | $3.7B | ||
| Q1 24 | $621.4M | $3.7B |
总资产AXLINGR
| Q4 25 | $6.7B | $7.9B | ||
| Q3 25 | $5.3B | $7.8B | ||
| Q2 25 | $5.3B | $7.8B | ||
| Q1 25 | $5.1B | $7.5B | ||
| Q4 24 | $5.1B | $7.4B | ||
| Q3 24 | $5.3B | $7.5B | ||
| Q2 24 | $5.3B | $7.2B | ||
| Q1 24 | $5.4B | $7.3B |
负债/权益比AXLINGR
| 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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $270.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 15.4% |
| 资本支出强度资本支出/营收 | 4.8% | 7.7% |
| 现金转化率经营现金流/净利润 | — | 2.43× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $511.0M |
8季度趋势，按日历期对齐
经营现金流AXLINGR
| Q4 25 | $120.5M | $405.0M | ||
| Q3 25 | $143.3M | $277.0M | ||
| Q2 25 | $91.9M | $185.0M | ||
| Q1 25 | $55.9M | $77.0M | ||
| Q4 24 | $151.2M | $436.0M | ||
| Q3 24 | $143.6M | $479.0M | ||
| Q2 24 | $142.8M | $312.0M | ||
| Q1 24 | $17.8M | $209.0M |
自由现金流AXLINGR
| Q4 25 | $54.7M | $270.0M | ||
| Q3 25 | $79.2M | $172.0M | ||
| Q2 25 | $34.6M | $84.0M | ||
| Q1 25 | $-13.4M | $-15.0M | ||
| Q4 24 | $73.2M | $311.0M | ||
| Q3 24 | $70.4M | $429.0M | ||
| Q2 24 | $94.0M | $257.0M | ||
| Q1 24 | $-30.2M | $144.0M |
自由现金流率AXLINGR
| Q4 25 | 4.0% | 15.4% | ||
| Q3 25 | 5.3% | 9.5% | ||
| Q2 25 | 2.3% | 4.6% | ||
| Q1 25 | -0.9% | -0.8% | ||
| Q4 24 | 5.3% | 17.3% | ||
| Q3 24 | 4.7% | 22.9% | ||
| Q2 24 | 5.8% | 13.7% | ||
| Q1 24 | -1.9% | 7.7% |
资本支出强度AXLINGR
| Q4 25 | 4.8% | 7.7% | ||
| Q3 25 | 4.3% | 5.8% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 4.9% | 5.1% | ||
| Q4 24 | 5.6% | 6.9% | ||
| Q3 24 | 4.9% | 2.7% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 3.0% | 3.5% |
现金转化率AXLINGR
| Q4 25 | — | 2.43× | ||
| Q3 25 | 15.58× | 1.62× | ||
| Q2 25 | 2.34× | 0.94× | ||
| Q1 25 | 7.87× | 0.39× | ||
| Q4 24 | — | 4.49× | ||
| Q3 24 | 14.36× | 2.55× | ||
| Q2 24 | 7.85× | 2.11× | ||
| Q1 24 | 0.87× | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
