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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.3倍（$1.8B vs $1.4B），高德纳净利率更高（13.8% vs -5.4%，领先19.3%），高德纳同比增速更快（2.2% vs 0.2%），高德纳自由现金流更多（$270.7M vs $54.7M），过去两年高德纳的营收复合增速更高（9.1% 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。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
AXL vs IT — 直观对比
营收规模更大
IT
是对方的1.3倍
$1.4B
营收增速更快
IT
高出2.0%
0.2%
净利率更高
IT
高出19.3%
-5.4%
自由现金流更多
IT
多$216.0M
$54.7M
两年增速更快
IT
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 | $242.2M |
| 毛利率 | 10.2% | 67.8% |
| 营业利润率 | -2.4% | 19.1% |
| 净利率 | -5.4% | 13.8% |
| 营收同比 | 0.2% | 2.2% |
| 净利润同比 | -449.6% | -39.2% |
| 每股收益（稀释后） | $-0.62 | $3.36 |
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AXLIT
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
净利润AXLIT
| Q4 25 | $-75.3M | $242.2M | ||
| Q3 25 | $9.2M | $35.4M | ||
| Q2 25 | $39.3M | $240.8M | ||
| Q1 25 | $7.1M | $210.9M | ||
| Q4 24 | $-13.7M | $398.6M | ||
| Q3 24 | $10.0M | $415.0M | ||
| Q2 24 | $18.2M | $229.5M | ||
| Q1 24 | $20.5M | $210.5M |
毛利率AXLIT
| Q4 25 | 10.2% | 67.8% | ||
| Q3 25 | 12.6% | 69.3% | ||
| Q2 25 | 13.1% | 68.6% | ||
| Q1 25 | 12.3% | 69.4% | ||
| Q4 24 | 11.2% | 66.8% | ||
| Q3 24 | 11.4% | 68.4% | ||
| Q2 24 | 13.3% | 68.6% | ||
| Q1 24 | 12.4% | 69.4% |
营业利润率AXLIT
| Q4 25 | -2.4% | 19.1% | ||
| Q3 25 | 3.2% | 5.7% | ||
| Q2 25 | 3.6% | 19.4% | ||
| Q1 25 | 3.0% | 18.1% | ||
| Q4 24 | 2.6% | 18.5% | ||
| Q3 24 | 2.8% | 16.6% | ||
| Q2 24 | 5.3% | 20.0% | ||
| Q1 24 | 4.8% | 18.6% |
净利率AXLIT
| Q4 25 | -5.4% | 13.8% | ||
| Q3 25 | 0.6% | 2.3% | ||
| Q2 25 | 2.6% | 14.3% | ||
| Q1 25 | 0.5% | 13.7% | ||
| Q4 24 | -1.0% | 23.2% | ||
| Q3 24 | 0.7% | 28.0% | ||
| Q2 24 | 1.1% | 14.4% | ||
| Q1 24 | 1.3% | 14.3% |
每股收益（稀释后）AXLIT
| Q4 25 | $-0.62 | $3.36 | ||
| Q3 25 | $0.07 | $0.47 | ||
| Q2 25 | $0.32 | $3.11 | ||
| Q1 25 | $0.06 | $2.71 | ||
| Q4 24 | $-0.11 | $5.08 | ||
| Q3 24 | $0.08 | $5.32 | ||
| Q2 24 | $0.15 | $2.93 | ||
| Q1 24 | $0.17 | $2.67 |
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 | $1.7B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $319.9M |
| 总资产 | $6.7B | $8.1B |
| 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AXLIT
| Q4 25 | $708.9M | $1.7B | ||
| Q3 25 | $714.1M | $1.4B | ||
| Q2 25 | $586.5M | $2.2B | ||
| Q1 25 | $549.2M | $2.1B | ||
| Q4 24 | $552.9M | $1.9B | ||
| Q3 24 | $542.5M | $1.8B | ||
| Q2 24 | $519.9M | $1.2B | ||
| Q1 24 | $469.8M | $1.2B |
总债务AXLIT
| 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AXLIT
| Q4 25 | $640.0M | $319.9M | ||
| Q3 25 | $718.4M | $556.6M | ||
| Q2 25 | $673.0M | $1.5B | ||
| Q1 25 | $596.3M | $1.5B | ||
| Q4 24 | $562.8M | $1.4B | ||
| Q3 24 | $616.3M | $1.1B | ||
| Q2 24 | $609.6M | $646.7M | ||
| Q1 24 | $621.4M | $718.2M |
总资产AXLIT
| Q4 25 | $6.7B | $8.1B | ||
| Q3 25 | $5.3B | $7.2B | ||
| Q2 25 | $5.3B | $8.3B | ||
| Q1 25 | $5.1B | $8.5B | ||
| Q4 24 | $5.1B | $8.5B | ||
| Q3 24 | $5.3B | $7.8B | ||
| Q2 24 | $5.3B | $7.4B | ||
| Q1 24 | $5.4B | $7.7B |
负债/权益比AXLIT
| 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 | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $270.7M |
| 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% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.22× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AXLIT
| Q4 25 | $120.5M | $294.5M | ||
| Q3 25 | $143.3M | $298.7M | ||
| Q2 25 | $91.9M | $383.6M | ||
| Q1 25 | $55.9M | $313.5M | ||
| Q4 24 | $151.2M | $335.4M | ||
| Q3 24 | $143.6M | $590.8M | ||
| Q2 24 | $142.8M | $370.0M | ||
| Q1 24 | $17.8M | $188.8M |
自由现金流AXLIT
| Q4 25 | $54.7M | $270.7M | ||
| Q3 25 | $79.2M | $269.3M | ||
| Q2 25 | $34.6M | $347.3M | ||
| Q1 25 | $-13.4M | $287.9M | ||
| Q4 24 | $73.2M | $311.4M | ||
| Q3 24 | $70.4M | $565.0M | ||
| Q2 24 | $94.0M | $340.6M | ||
| Q1 24 | $-30.2M | $166.2M |
自由现金流率AXLIT
| Q4 25 | 4.0% | 15.4% | ||
| Q3 25 | 5.3% | 17.7% | ||
| Q2 25 | 2.3% | 20.6% | ||
| Q1 25 | -0.9% | 18.8% | ||
| Q4 24 | 5.3% | 18.2% | ||
| Q3 24 | 4.7% | 38.1% | ||
| Q2 24 | 5.8% | 21.4% | ||
| Q1 24 | -1.9% | 11.3% |
资本支出强度AXLIT
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 4.3% | 1.9% | ||
| Q2 25 | 3.7% | 2.1% | ||
| Q1 25 | 4.9% | 1.7% | ||
| Q4 24 | 5.6% | 1.4% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 3.0% | 1.8% | ||
| Q1 24 | 3.0% | 1.5% |
现金转化率AXLIT
| Q4 25 | — | 1.22× | ||
| Q3 25 | 15.58× | 8.45× | ||
| Q2 25 | 2.34× | 1.59× | ||
| Q1 25 | 7.87× | 1.49× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | 14.36× | 1.42× | ||
| Q2 24 | 7.85× | 1.61× | ||
| Q1 24 | 0.87× | 0.90× |
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% |
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
