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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -5.4%，领先29.9%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $54.7M），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% 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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
AXL vs MLM — 直观对比
营收规模更大
AXL
是对方的1.2倍
$1.1B
营收增速更快
AXL
高出30.4%
-30.1%
净利率更高
MLM
高出29.9%
-5.4%
自由现金流更多
MLM
多$369.3M
$54.7M
两年增速更快
MLM
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $-75.3M | $279.0M |
| 毛利率 | 10.2% | 35.0% |
| 营业利润率 | -2.4% | 24.6% |
| 净利率 | -5.4% | 24.5% |
| 营收同比 | 0.2% | -30.1% |
| 净利润同比 | -449.6% | -4.8% |
| 每股收益（稀释后） | $-0.62 | $4.59 |
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AXLMLM
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.6B | $1.3B |
净利润AXLMLM
| Q4 25 | $-75.3M | $279.0M | ||
| Q3 25 | $9.2M | $414.0M | ||
| Q2 25 | $39.3M | $328.0M | ||
| Q1 25 | $7.1M | $116.0M | ||
| Q4 24 | $-13.7M | $293.0M | ||
| Q3 24 | $10.0M | $363.0M | ||
| Q2 24 | $18.2M | $294.0M | ||
| Q1 24 | $20.5M | $1.0B |
毛利率AXLMLM
| Q4 25 | 10.2% | 35.0% | ||
| Q3 25 | 12.6% | 33.1% | ||
| Q2 25 | 13.1% | 30.0% | ||
| Q1 25 | 12.3% | 24.8% | ||
| Q4 24 | 11.2% | 30.0% | ||
| Q3 24 | 11.4% | 31.7% | ||
| Q2 24 | 13.3% | 29.3% | ||
| Q1 24 | 12.4% | 21.7% |
营业利润率AXLMLM
| Q4 25 | -2.4% | 24.6% | ||
| Q3 25 | 3.2% | 27.4% | ||
| Q2 25 | 3.6% | 25.3% | ||
| Q1 25 | 3.0% | 14.3% | ||
| Q4 24 | 2.6% | 24.4% | ||
| Q3 24 | 2.8% | 25.9% | ||
| Q2 24 | 5.3% | 22.6% | ||
| Q1 24 | 4.8% | — |
净利率AXLMLM
| Q4 25 | -5.4% | 24.5% | ||
| Q3 25 | 0.6% | 22.4% | ||
| Q2 25 | 2.6% | 18.1% | ||
| Q1 25 | 0.5% | 8.6% | ||
| Q4 24 | -1.0% | 18.0% | ||
| Q3 24 | 0.7% | 19.2% | ||
| Q2 24 | 1.1% | 16.7% | ||
| Q1 24 | 1.3% | 83.5% |
每股收益（稀释后）AXLMLM
| Q4 25 | $-0.62 | $4.59 | ||
| Q3 25 | $0.07 | $6.85 | ||
| Q2 25 | $0.32 | $5.43 | ||
| Q1 25 | $0.06 | $1.90 | ||
| Q4 24 | $-0.11 | $4.87 | ||
| Q3 24 | $0.08 | $5.91 | ||
| Q2 24 | $0.15 | $4.76 | ||
| Q1 24 | $0.17 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | $4.0B | $5.3B |
| 股东权益账面价值 | $640.0M | $10.0B |
| 总资产 | $6.7B | $18.7B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AXLMLM
| Q4 25 | $708.9M | $67.0M | ||
| Q3 25 | $714.1M | $57.0M | ||
| Q2 25 | $586.5M | $225.0M | ||
| Q1 25 | $549.2M | $101.0M | ||
| Q4 24 | $552.9M | $670.0M | ||
| Q3 24 | $542.5M | $52.0M | ||
| Q2 24 | $519.9M | $109.0M | ||
| Q1 24 | $469.8M | $2.6B |
总债务AXLMLM
| Q4 25 | $4.0B | $5.3B | ||
| Q3 25 | $2.6B | $5.5B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $2.6B | $5.4B | ||
| Q4 24 | $2.6B | $5.4B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.7B | $4.3B | ||
| Q1 24 | $2.7B | $4.3B |
股东权益AXLMLM
| Q4 25 | $640.0M | $10.0B | ||
| Q3 25 | $718.4M | $9.7B | ||
| Q2 25 | $673.0M | $9.4B | ||
| Q1 25 | $596.3M | $9.1B | ||
| Q4 24 | $562.8M | $9.5B | ||
| Q3 24 | $616.3M | $9.2B | ||
| Q2 24 | $609.6M | $8.8B | ||
| Q1 24 | $621.4M | $8.9B |
总资产AXLMLM
| Q4 25 | $6.7B | $18.7B | ||
| Q3 25 | $5.3B | $18.7B | ||
| Q2 25 | $5.3B | $18.1B | ||
| Q1 25 | $5.1B | $17.7B | ||
| Q4 24 | $5.1B | $18.2B | ||
| Q3 24 | $5.3B | $16.5B | ||
| Q2 24 | $5.3B | $16.3B | ||
| Q1 24 | $5.4B | $16.2B |
负债/权益比AXLMLM
| Q4 25 | 6.31× | 0.53× | ||
| Q3 25 | 3.61× | 0.57× | ||
| Q2 25 | 3.86× | 0.58× | ||
| Q1 25 | 4.38× | 0.60× | ||
| Q4 24 | 4.58× | 0.57× | ||
| Q3 24 | 4.28× | 0.44× | ||
| Q2 24 | 4.42× | 0.49× | ||
| Q1 24 | 4.40× | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $424.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 37.2% |
| 资本支出强度资本支出/营收 | 4.8% | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $978.0M |
8季度趋势，按日历期对齐
经营现金流AXLMLM
| Q4 25 | $120.5M | $629.0M | ||
| Q3 25 | $143.3M | $551.0M | ||
| Q2 25 | $91.9M | $387.0M | ||
| Q1 25 | $55.9M | $218.0M | ||
| Q4 24 | $151.2M | $686.0M | ||
| Q3 24 | $143.6M | $600.0M | ||
| Q2 24 | $142.8M | $1.0M | ||
| Q1 24 | $17.8M | $172.0M |
自由现金流AXLMLM
| Q4 25 | $54.7M | $424.0M | ||
| Q3 25 | $79.2M | $361.0M | ||
| Q2 25 | $34.6M | $208.0M | ||
| Q1 25 | $-13.4M | $-15.0M | ||
| Q4 24 | $73.2M | $453.0M | ||
| Q3 24 | $70.4M | $317.0M | ||
| Q2 24 | $94.0M | $-138.0M | ||
| Q1 24 | $-30.2M | $-28.0M |
自由现金流率AXLMLM
| Q4 25 | 4.0% | 37.2% | ||
| Q3 25 | 5.3% | 19.6% | ||
| Q2 25 | 2.3% | 11.5% | ||
| Q1 25 | -0.9% | -1.1% | ||
| Q4 24 | 5.3% | 27.8% | ||
| Q3 24 | 4.7% | 16.8% | ||
| Q2 24 | 5.8% | -7.8% | ||
| Q1 24 | -1.9% | -2.2% |
资本支出强度AXLMLM
| Q4 25 | 4.8% | 18.0% | ||
| Q3 25 | 4.3% | 10.3% | ||
| Q2 25 | 3.7% | 9.9% | ||
| Q1 25 | 4.9% | 17.2% | ||
| Q4 24 | 5.6% | 14.3% | ||
| Q3 24 | 4.9% | 15.0% | ||
| Q2 24 | 3.0% | 7.9% | ||
| Q1 24 | 3.0% | 16.0% |
现金转化率AXLMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | 15.58× | 1.33× | ||
| Q2 25 | 2.34× | 1.18× | ||
| Q1 25 | 7.87× | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 14.36× | 1.65× | ||
| Q2 24 | 7.85× | 0.00× | ||
| Q1 24 | 0.87× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
