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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与李尔公司（LEA）财务数据对比。点击上方公司名可切换其他公司
李尔公司的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的4.3倍（$6.0B vs $1.4B）。李尔公司净利率更高（1.4% vs -5.4%，领先6.8%）。李尔公司同比增速更快（4.8% vs 0.2%）。李尔公司自由现金流更多（$281.1M vs $54.7M）。过去两年李尔公司的营收复合增速更高（-0.1% 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。
李尔公司是美国知名汽车零部件供应商，核心业务涵盖汽车座椅及电气系统的研发、生产与销售。公司曾位列2018年《财富》世界500强第148位，2019年升至第147位，在全球汽车供应链领域拥有突出的市场地位与品牌影响力。
AXL vs LEA — 直观对比
营收规模更大
LEA
是对方的4.3倍
$1.4B
营收增速更快
LEA
高出4.6%
0.2%
净利率更高
LEA
高出6.8%
-5.4%
自由现金流更多
LEA
多$226.4M
$54.7M
两年增速更快
LEA
近两年复合增速
-7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $6.0B |
| 净利润 | $-75.3M | $82.7M |
| 毛利率 | 10.2% | 5.7% |
| 营业利润率 | -2.4% | 2.6% |
| 净利率 | -5.4% | 1.4% |
| 营收同比 | 0.2% | 4.8% |
| 净利润同比 | -449.6% | -6.1% |
| 每股收益（稀释后） | $-0.62 | $1.58 |
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AXLLEA
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.5B | $5.7B | ||
| Q2 25 | $1.5B | $6.0B | ||
| Q1 25 | $1.4B | $5.6B | ||
| Q4 24 | $1.4B | $5.7B | ||
| Q3 24 | $1.5B | $5.6B | ||
| Q2 24 | $1.6B | $6.0B | ||
| Q1 24 | $1.6B | $6.0B |
净利润AXLLEA
| Q4 25 | $-75.3M | $82.7M | ||
| Q3 25 | $9.2M | $108.2M | ||
| Q2 25 | $39.3M | $165.2M | ||
| Q1 25 | $7.1M | $80.7M | ||
| Q4 24 | $-13.7M | $88.1M | ||
| Q3 24 | $10.0M | $135.8M | ||
| Q2 24 | $18.2M | $173.1M | ||
| Q1 24 | $20.5M | $109.6M |
毛利率AXLLEA
| Q4 25 | 10.2% | 5.7% | ||
| Q3 25 | 12.6% | 6.4% | ||
| Q2 25 | 13.1% | 7.3% | ||
| Q1 25 | 12.3% | 6.5% | ||
| Q4 24 | 11.2% | 6.8% | ||
| Q3 24 | 11.4% | 7.3% | ||
| Q2 24 | 13.3% | 7.5% | ||
| Q1 24 | 12.4% | 6.6% |
营业利润率AXLLEA
| Q4 25 | -2.4% | 2.6% | ||
| Q3 25 | 3.2% | 3.4% | ||
| Q2 25 | 3.6% | 4.1% | ||
| Q1 25 | 3.0% | 3.3% | ||
| Q4 24 | 2.6% | 3.7% | ||
| Q3 24 | 2.8% | 3.9% | ||
| Q2 24 | 5.3% | 4.3% | ||
| Q1 24 | 4.8% | 3.3% |
净利率AXLLEA
| Q4 25 | -5.4% | 1.4% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 2.6% | 2.7% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | -1.0% | 1.5% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | 1.1% | 2.9% | ||
| Q1 24 | 1.3% | 1.8% |
每股收益（稀释后）AXLLEA
| Q4 25 | $-0.62 | $1.58 | ||
| Q3 25 | $0.07 | $2.02 | ||
| Q2 25 | $0.32 | $3.06 | ||
| Q1 25 | $0.06 | $1.49 | ||
| Q4 24 | $-0.11 | $1.64 | ||
| Q3 24 | $0.08 | $2.41 | ||
| Q2 24 | $0.15 | $3.02 | ||
| Q1 24 | $0.17 | $1.90 |
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 | $2.7B |
| 股东权益账面价值 | $640.0M | $5.0B |
| 总资产 | $6.7B | $14.8B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AXLLEA
| Q4 25 | $708.9M | $1.0B | ||
| Q3 25 | $714.1M | $1.0B | ||
| Q2 25 | $586.5M | $887.9M | ||
| Q1 25 | $549.2M | $779.9M | ||
| Q4 24 | $552.9M | $1.1B | ||
| Q3 24 | $542.5M | $763.9M | ||
| Q2 24 | $519.9M | $950.3M | ||
| Q1 24 | $469.8M | $930.4M |
总债务AXLLEA
| Q4 25 | $4.0B | $2.7B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $2.6B | $2.8B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B | ||
| Q1 24 | $2.7B | $2.7B |
股东权益AXLLEA
| Q4 25 | $640.0M | $5.0B | ||
| Q3 25 | $718.4M | $5.1B | ||
| Q2 25 | $673.0M | $5.1B | ||
| Q1 25 | $596.3M | $4.7B | ||
| Q4 24 | $562.8M | $4.5B | ||
| Q3 24 | $616.3M | $4.8B | ||
| Q2 24 | $609.6M | $4.8B | ||
| Q1 24 | $621.4M | $4.9B |
总资产AXLLEA
| Q4 25 | $6.7B | $14.8B | ||
| Q3 25 | $5.3B | $15.2B | ||
| Q2 25 | $5.3B | $15.3B | ||
| Q1 25 | $5.1B | $14.6B | ||
| Q4 24 | $5.1B | $14.0B | ||
| Q3 24 | $5.3B | $14.8B | ||
| Q2 24 | $5.3B | $14.7B | ||
| Q1 24 | $5.4B | $14.9B |
负债/权益比AXLLEA
| Q4 25 | 6.31× | 0.54× | ||
| Q3 25 | 3.61× | 0.54× | ||
| Q2 25 | 3.86× | 0.54× | ||
| Q1 25 | 4.38× | 0.59× | ||
| Q4 24 | 4.58× | 0.61× | ||
| Q3 24 | 4.28× | 0.58× | ||
| Q2 24 | 4.42× | 0.57× | ||
| Q1 24 | 4.40× | 0.56× |
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 | $475.9M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $281.1M |
| 自由现金流率自由现金流/营收 | 4.0% | 4.7% |
| 资本支出强度资本支出/营收 | 4.8% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 5.75× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $527.2M |
8季度趋势，按日历期对齐
经营现金流AXLLEA
| Q4 25 | $120.5M | $475.9M | ||
| Q3 25 | $143.3M | $444.4M | ||
| Q2 25 | $91.9M | $296.2M | ||
| Q1 25 | $55.9M | $-127.7M | ||
| Q4 24 | $151.2M | $680.8M | ||
| Q3 24 | $143.6M | $182.7M | ||
| Q2 24 | $142.8M | $291.2M | ||
| Q1 24 | $17.8M | $-34.6M |
自由现金流AXLLEA
| Q4 25 | $54.7M | $281.1M | ||
| Q3 25 | $79.2M | $307.0M | ||
| Q2 25 | $34.6M | $170.8M | ||
| Q1 25 | $-13.4M | $-231.7M | ||
| Q4 24 | $73.2M | $488.7M | ||
| Q3 24 | $70.4M | $50.5M | ||
| Q2 24 | $94.0M | $170.4M | ||
| Q1 24 | $-30.2M | $-148.2M |
自由现金流率AXLLEA
| Q4 25 | 4.0% | 4.7% | ||
| Q3 25 | 5.3% | 5.4% | ||
| Q2 25 | 2.3% | 2.8% | ||
| Q1 25 | -0.9% | -4.2% | ||
| Q4 24 | 5.3% | 8.6% | ||
| Q3 24 | 4.7% | 0.9% | ||
| Q2 24 | 5.8% | 2.8% | ||
| Q1 24 | -1.9% | -2.5% |
资本支出强度AXLLEA
| Q4 25 | 4.8% | 3.3% | ||
| Q3 25 | 4.3% | 2.4% | ||
| Q2 25 | 3.7% | 2.1% | ||
| Q1 25 | 4.9% | 1.9% | ||
| Q4 24 | 5.6% | 3.4% | ||
| Q3 24 | 4.9% | 2.4% | ||
| Q2 24 | 3.0% | 2.0% | ||
| Q1 24 | 3.0% | 1.9% |
现金转化率AXLLEA
| Q4 25 | — | 5.75× | ||
| Q3 25 | 15.58× | 4.11× | ||
| Q2 25 | 2.34× | 1.79× | ||
| Q1 25 | 7.87× | -1.58× | ||
| Q4 24 | — | 7.73× | ||
| Q3 24 | 14.36× | 1.35× | ||
| Q2 24 | 7.85× | 1.68× | ||
| Q1 24 | 0.87× | -0.32× |
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% |
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
