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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与摩丁制造（MOD）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的季度营收约是摩丁制造的1.7倍（$1.4B vs $805.0M）。AMERICAN AXLE & MANUFACTURING HOLDINGS INC净利率更高（-5.4% vs -5.9%，领先0.4%）。摩丁制造同比增速更快（30.5% vs 0.2%）。AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-17.1M）。过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
AXL vs MOD — 直观对比
营收规模更大
AXL
是对方的1.7倍
$805.0M
营收增速更快
MOD
高出30.3%
0.2%
净利率更高
AXL
高出0.4%
-5.9%
自由现金流更多
AXL
多$71.8M
$-17.1M
两年增速更快
MOD
近两年复合增速
-7.2%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $805.0M |
| 净利润 | $-75.3M | $-47.4M |
| 毛利率 | 10.2% | 23.1% |
| 营业利润率 | -2.4% | 11.1% |
| 净利率 | -5.4% | -5.9% |
| 营收同比 | 0.2% | 30.5% |
| 净利润同比 | -449.6% | -215.6% |
| 每股收益（稀释后） | $-0.62 | $-0.90 |
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AXLMOD
| Q4 25 | $1.4B | $805.0M | ||
| Q3 25 | $1.5B | $738.9M | ||
| Q2 25 | $1.5B | $682.8M | ||
| Q1 25 | $1.4B | $647.2M | ||
| Q4 24 | $1.4B | $616.8M | ||
| Q3 24 | $1.5B | $658.0M | ||
| Q2 24 | $1.6B | $661.5M | ||
| Q1 24 | $1.6B | $603.5M |
净利润AXLMOD
| Q4 25 | $-75.3M | $-47.4M | ||
| Q3 25 | $9.2M | $44.4M | ||
| Q2 25 | $39.3M | $51.2M | ||
| Q1 25 | $7.1M | $49.6M | ||
| Q4 24 | $-13.7M | $41.0M | ||
| Q3 24 | $10.0M | $46.1M | ||
| Q2 24 | $18.2M | $47.3M | ||
| Q1 24 | $20.5M | $25.8M |
毛利率AXLMOD
| Q4 25 | 10.2% | 23.1% | ||
| Q3 25 | 12.6% | 22.3% | ||
| Q2 25 | 13.1% | 24.2% | ||
| Q1 25 | 12.3% | 25.6% | ||
| Q4 24 | 11.2% | 24.3% | ||
| Q3 24 | 11.4% | 25.2% | ||
| Q2 24 | 13.3% | 24.6% | ||
| Q1 24 | 12.4% | 22.4% |
营业利润率AXLMOD
| Q4 25 | -2.4% | 11.1% | ||
| Q3 25 | 3.2% | 9.9% | ||
| Q2 25 | 3.6% | 11.1% | ||
| Q1 25 | 3.0% | 11.5% | ||
| Q4 24 | 2.6% | 9.6% | ||
| Q3 24 | 2.8% | 11.4% | ||
| Q2 24 | 5.3% | 11.2% | ||
| Q1 24 | 4.8% | 7.8% |
净利率AXLMOD
| Q4 25 | -5.4% | -5.9% | ||
| Q3 25 | 0.6% | 6.0% | ||
| Q2 25 | 2.6% | 7.5% | ||
| Q1 25 | 0.5% | 7.7% | ||
| Q4 24 | -1.0% | 6.6% | ||
| Q3 24 | 0.7% | 7.0% | ||
| Q2 24 | 1.1% | 7.2% | ||
| Q1 24 | 1.3% | 4.3% |
每股收益（稀释后）AXLMOD
| Q4 25 | $-0.62 | $-0.90 | ||
| Q3 25 | $0.07 | $0.83 | ||
| Q2 25 | $0.32 | $0.95 | ||
| Q1 25 | $0.06 | $0.92 | ||
| Q4 24 | $-0.11 | $0.76 | ||
| Q3 24 | $0.08 | $0.86 | ||
| Q2 24 | $0.15 | $0.88 | ||
| Q1 24 | $0.17 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $4.0B | $570.7M |
| 股东权益账面价值 | $640.0M | $1.1B |
| 总资产 | $6.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资AXLMOD
| Q4 25 | $708.9M | $98.7M | ||
| Q3 25 | $714.1M | $83.8M | ||
| Q2 25 | $586.5M | $124.5M | ||
| Q1 25 | $549.2M | $71.6M | ||
| Q4 24 | $552.9M | $83.8M | ||
| Q3 24 | $542.5M | $78.6M | ||
| Q2 24 | $519.9M | $72.9M | ||
| Q1 24 | $469.8M | $60.1M |
总债务AXLMOD
| Q4 25 | $4.0B | $570.7M | ||
| Q3 25 | $2.6B | $525.8M | ||
| Q2 25 | $2.6B | $482.1M | ||
| Q1 25 | $2.6B | $296.7M | ||
| Q4 24 | $2.6B | $330.0M | ||
| Q3 24 | $2.6B | $359.1M | ||
| Q2 24 | $2.7B | $405.7M | ||
| Q1 24 | $2.7B | $399.9M |
股东权益AXLMOD
| Q4 25 | $640.0M | $1.1B | ||
| Q3 25 | $718.4M | $1.1B | ||
| Q2 25 | $673.0M | $1.0B | ||
| Q1 25 | $596.3M | $910.2M | ||
| Q4 24 | $562.8M | $855.1M | ||
| Q3 24 | $616.3M | $858.8M | ||
| Q2 24 | $609.6M | $788.4M | ||
| Q1 24 | $621.4M | $747.6M |
总资产AXLMOD
| Q4 25 | $6.7B | $2.5B | ||
| Q3 25 | $5.3B | $2.4B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.1B | $1.9B | ||
| Q4 24 | $5.1B | $1.8B | ||
| Q3 24 | $5.3B | $1.9B | ||
| Q2 24 | $5.3B | $1.9B | ||
| Q1 24 | $5.4B | $1.9B |
负债/权益比AXLMOD
| Q4 25 | 6.31× | 0.51× | ||
| Q3 25 | 3.61× | 0.50× | ||
| Q2 25 | 3.86× | 0.48× | ||
| Q1 25 | 4.38× | 0.33× | ||
| Q4 24 | 4.58× | 0.39× | ||
| Q3 24 | 4.28× | 0.42× | ||
| Q2 24 | 4.42× | 0.51× | ||
| Q1 24 | 4.40× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $-17.1M |
| 自由现金流率自由现金流/营收 | 4.0% | -2.1% |
| 资本支出强度资本支出/营收 | 4.8% | 5.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $155.1M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流AXLMOD
| Q4 25 | $120.5M | $24.7M | ||
| Q3 25 | $143.3M | $1.4M | ||
| Q2 25 | $91.9M | $27.7M | ||
| Q1 25 | $55.9M | $54.8M | ||
| Q4 24 | $151.2M | $60.7M | ||
| Q3 24 | $143.6M | $57.3M | ||
| Q2 24 | $142.8M | $40.5M | ||
| Q1 24 | $17.8M | $39.6M |
自由现金流AXLMOD
| Q4 25 | $54.7M | $-17.1M | ||
| Q3 25 | $79.2M | $-30.5M | ||
| Q2 25 | $34.6M | $200.0K | ||
| Q1 25 | $-13.4M | $27.1M | ||
| Q4 24 | $73.2M | $44.7M | ||
| Q3 24 | $70.4M | $43.8M | ||
| Q2 24 | $94.0M | $13.7M | ||
| Q1 24 | $-30.2M | $-4.3M |
自由现金流率AXLMOD
| Q4 25 | 4.0% | -2.1% | ||
| Q3 25 | 5.3% | -4.1% | ||
| Q2 25 | 2.3% | 0.0% | ||
| Q1 25 | -0.9% | 4.2% | ||
| Q4 24 | 5.3% | 7.2% | ||
| Q3 24 | 4.7% | 6.7% | ||
| Q2 24 | 5.8% | 2.1% | ||
| Q1 24 | -1.9% | -0.7% |
资本支出强度AXLMOD
| Q4 25 | 4.8% | 5.2% | ||
| Q3 25 | 4.3% | 4.3% | ||
| Q2 25 | 3.7% | 4.0% | ||
| Q1 25 | 4.9% | 4.3% | ||
| Q4 24 | 5.6% | 2.6% | ||
| Q3 24 | 4.9% | 2.1% | ||
| Q2 24 | 3.0% | 4.1% | ||
| Q1 24 | 3.0% | 7.3% |
现金转化率AXLMOD
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | 0.03× | ||
| Q2 25 | 2.34× | 0.54× | ||
| Q1 25 | 7.87× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 14.36× | 1.24× | ||
| Q2 24 | 7.85× | 0.86× | ||
| Q1 24 | 0.87× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
