vs
AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与LCI INDUSTRIES（LCII）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LCI INDUSTRIES的1.5倍（$1.4B vs $932.7M），LCI INDUSTRIES净利率更高（2.0% vs -5.4%，领先7.4%），LCI INDUSTRIES同比增速更快（16.1% vs 0.2%），LCI INDUSTRIES自由现金流更多（$64.3M vs $54.7M），过去两年LCI INDUSTRIES的营收复合增速更高（-1.8% 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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
AXL vs LCII — 直观对比
营收规模更大
AXL
是对方的1.5倍
$932.7M
营收增速更快
LCII
高出15.9%
0.2%
净利率更高
LCII
高出7.4%
-5.4%
自由现金流更多
LCII
多$9.6M
$54.7M
两年增速更快
LCII
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $932.7M |
| 净利润 | $-75.3M | $18.7M |
| 毛利率 | 10.2% | 22.1% |
| 营业利润率 | -2.4% | 3.8% |
| 净利率 | -5.4% | 2.0% |
| 营收同比 | 0.2% | 16.1% |
| 净利润同比 | -449.6% | 95.7% |
| 每股收益（稀释后） | $-0.62 | $0.79 |
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AXLLCII
| Q4 25 | $1.4B | $932.7M | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $803.1M | ||
| Q3 24 | $1.5B | $915.5M | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.6B | $968.0M |
净利润AXLLCII
| Q4 25 | $-75.3M | $18.7M | ||
| Q3 25 | $9.2M | $62.5M | ||
| Q2 25 | $39.3M | $57.6M | ||
| Q1 25 | $7.1M | $49.4M | ||
| Q4 24 | $-13.7M | $9.5M | ||
| Q3 24 | $10.0M | $35.6M | ||
| Q2 24 | $18.2M | $61.2M | ||
| Q1 24 | $20.5M | $36.5M |
毛利率AXLLCII
| Q4 25 | 10.2% | 22.1% | ||
| Q3 25 | 12.6% | 24.4% | ||
| Q2 25 | 13.1% | 24.4% | ||
| Q1 25 | 12.3% | 24.1% | ||
| Q4 24 | 11.2% | 21.1% | ||
| Q3 24 | 11.4% | 24.0% | ||
| Q2 24 | 13.3% | 25.3% | ||
| Q1 24 | 12.4% | 23.1% |
营业利润率AXLLCII
| Q4 25 | -2.4% | 3.8% | ||
| Q3 25 | 3.2% | 7.3% | ||
| Q2 25 | 3.6% | 7.9% | ||
| Q1 25 | 3.0% | 7.8% | ||
| Q4 24 | 2.6% | 2.0% | ||
| Q3 24 | 2.8% | 5.9% | ||
| Q2 24 | 5.3% | 8.6% | ||
| Q1 24 | 4.8% | 6.0% |
净利率AXLLCII
| Q4 25 | -5.4% | 2.0% | ||
| Q3 25 | 0.6% | 6.0% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 0.5% | 4.7% | ||
| Q4 24 | -1.0% | 1.2% | ||
| Q3 24 | 0.7% | 3.9% | ||
| Q2 24 | 1.1% | 5.8% | ||
| Q1 24 | 1.3% | 3.8% |
每股收益（稀释后）AXLLCII
| Q4 25 | $-0.62 | $0.79 | ||
| Q3 25 | $0.07 | $2.55 | ||
| Q2 25 | $0.32 | $2.29 | ||
| Q1 25 | $0.06 | $1.94 | ||
| Q4 24 | $-0.11 | $0.37 | ||
| Q3 24 | $0.08 | $1.39 | ||
| Q2 24 | $0.15 | $2.40 | ||
| Q1 24 | $0.17 | $1.44 |
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 | $222.6M |
| 总债务越低越好 | $4.0B | $945.2M |
| 股东权益账面价值 | $640.0M | $1.4B |
| 总资产 | $6.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资AXLLCII
| Q4 25 | $708.9M | $222.6M | ||
| Q3 25 | $714.1M | $199.7M | ||
| Q2 25 | $586.5M | $191.9M | ||
| Q1 25 | $549.2M | $231.2M | ||
| Q4 24 | $552.9M | $165.8M | ||
| Q3 24 | $542.5M | $161.2M | ||
| Q2 24 | $519.9M | $130.4M | ||
| Q1 24 | $469.8M | $22.6M |
总债务AXLLCII
| Q4 25 | $4.0B | $945.2M | ||
| Q3 25 | $2.6B | $947.8M | ||
| Q2 25 | $2.6B | $948.0M | ||
| Q1 25 | $2.6B | $938.3M | ||
| Q4 24 | $2.6B | $757.3M | ||
| Q3 24 | $2.6B | $822.5M | ||
| Q2 24 | $2.7B | $829.7M | ||
| Q1 24 | $2.7B | $855.3M |
股东权益AXLLCII
| Q4 25 | $640.0M | $1.4B | ||
| Q3 25 | $718.4M | $1.4B | ||
| Q2 25 | $673.0M | $1.4B | ||
| Q1 25 | $596.3M | $1.4B | ||
| Q4 24 | $562.8M | $1.4B | ||
| Q3 24 | $616.3M | $1.4B | ||
| Q2 24 | $609.6M | $1.4B | ||
| Q1 24 | $621.4M | $1.4B |
总资产AXLLCII
| Q4 25 | $6.7B | $3.2B | ||
| Q3 25 | $5.3B | $3.2B | ||
| Q2 25 | $5.3B | $3.2B | ||
| Q1 25 | $5.1B | $3.1B | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $5.3B | $3.0B | ||
| Q2 24 | $5.3B | $3.0B | ||
| Q1 24 | $5.4B | $3.0B |
负债/权益比AXLLCII
| Q4 25 | 6.31× | 0.69× | ||
| Q3 25 | 3.61× | 0.70× | ||
| Q2 25 | 3.86× | 0.68× | ||
| Q1 25 | 4.38× | 0.69× | ||
| Q4 24 | 4.58× | 0.55× | ||
| Q3 24 | 4.28× | 0.58× | ||
| Q2 24 | 4.42× | 0.60× | ||
| Q1 24 | 4.40× | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $64.3M |
| 自由现金流率自由现金流/营收 | 4.0% | 6.9% |
| 资本支出强度资本支出/营收 | 4.8% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.22× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $278.3M |
8季度趋势，按日历期对齐
经营现金流AXLLCII
| Q4 25 | $120.5M | $78.9M | ||
| Q3 25 | $143.3M | $97.2M | ||
| Q2 25 | $91.9M | $112.2M | ||
| Q1 25 | $55.9M | $42.7M | ||
| Q4 24 | $151.2M | $106.6M | ||
| Q3 24 | $143.6M | $78.4M | ||
| Q2 24 | $142.8M | $192.9M | ||
| Q1 24 | $17.8M | $-7.7M |
自由现金流AXLLCII
| Q4 25 | $54.7M | $64.3M | ||
| Q3 25 | $79.2M | $80.9M | ||
| Q2 25 | $34.6M | $99.5M | ||
| Q1 25 | $-13.4M | $33.7M | ||
| Q4 24 | $73.2M | $95.7M | ||
| Q3 24 | $70.4M | $68.3M | ||
| Q2 24 | $94.0M | $180.2M | ||
| Q1 24 | $-30.2M | $-16.3M |
自由现金流率AXLLCII
| Q4 25 | 4.0% | 6.9% | ||
| Q3 25 | 5.3% | 7.8% | ||
| Q2 25 | 2.3% | 9.0% | ||
| Q1 25 | -0.9% | 3.2% | ||
| Q4 24 | 5.3% | 11.9% | ||
| Q3 24 | 4.7% | 7.5% | ||
| Q2 24 | 5.8% | 17.1% | ||
| Q1 24 | -1.9% | -1.7% |
资本支出强度AXLLCII
| Q4 25 | 4.8% | 1.6% | ||
| Q3 25 | 4.3% | 1.6% | ||
| Q2 25 | 3.7% | 1.2% | ||
| Q1 25 | 4.9% | 0.9% | ||
| Q4 24 | 5.6% | 1.4% | ||
| Q3 24 | 4.9% | 1.1% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 3.0% | 0.9% |
现金转化率AXLLCII
| Q4 25 | — | 4.22× | ||
| Q3 25 | 15.58× | 1.55× | ||
| Q2 25 | 2.34× | 1.95× | ||
| Q1 25 | 7.87× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 14.36× | 2.20× | ||
| Q2 24 | 7.85× | 3.15× | ||
| Q1 24 | 0.87× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
