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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与纳斯达克（NDAQ）财务数据对比。点击上方公司名可切换其他公司
纳斯达克的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.5倍（$2.1B vs $1.4B），纳斯达克净利率更高（24.3% vs -5.4%，领先29.7%），纳斯达克同比增速更快（2.0% vs 0.2%），过去两年纳斯达克的营收复合增速更高（9.2% 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。
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
AXL vs NDAQ — 直观对比
营收规模更大
NDAQ
是对方的1.5倍
$1.4B
营收增速更快
NDAQ
高出1.7%
0.2%
净利率更高
NDAQ
高出29.7%
-5.4%
两年增速更快
NDAQ
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $-75.3M | $519.0M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 30.7% |
| 净利率 | -5.4% | 24.3% |
| 营收同比 | 0.2% | 2.0% |
| 净利润同比 | -449.6% | 31.4% |
| 每股收益（稀释后） | $-0.62 | $0.91 |
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AXLNDAQ
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.8B |
净利润AXLNDAQ
| Q1 26 | — | $519.0M | ||
| Q4 25 | $-75.3M | $518.0M | ||
| Q3 25 | $9.2M | $423.0M | ||
| Q2 25 | $39.3M | $452.0M | ||
| Q1 25 | $7.1M | $395.0M | ||
| Q4 24 | $-13.7M | $355.0M | ||
| Q3 24 | $10.0M | $306.0M | ||
| Q2 24 | $18.2M | $222.0M |
毛利率AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 65.5% | ||
| Q3 25 | 12.6% | 67.2% | ||
| Q2 25 | 13.1% | 62.5% | ||
| Q1 25 | 12.3% | 59.2% | ||
| Q4 24 | 11.2% | 60.4% | ||
| Q3 24 | 11.4% | 60.3% | ||
| Q2 24 | 13.3% | 64.7% |
营业利润率AXLNDAQ
| Q1 26 | — | 30.7% | ||
| Q4 25 | -2.4% | 29.7% | ||
| Q3 25 | 3.2% | 29.9% | ||
| Q2 25 | 3.6% | 27.2% | ||
| Q1 25 | 3.0% | 26.2% | ||
| Q4 24 | 2.6% | 25.4% | ||
| Q3 24 | 2.8% | 23.6% | ||
| Q2 24 | 5.3% | 23.6% |
净利率AXLNDAQ
| Q1 26 | — | 24.3% | ||
| Q4 25 | -5.4% | 24.4% | ||
| Q3 25 | 0.6% | 21.6% | ||
| Q2 25 | 2.6% | 21.6% | ||
| Q1 25 | 0.5% | 18.9% | ||
| Q4 24 | -1.0% | 17.5% | ||
| Q3 24 | 0.7% | 16.1% | ||
| Q2 24 | 1.1% | 12.4% |
每股收益（稀释后）AXLNDAQ
| Q1 26 | — | $0.91 | ||
| Q4 25 | $-0.62 | $0.90 | ||
| Q3 25 | $0.07 | $0.73 | ||
| Q2 25 | $0.32 | $0.78 | ||
| Q1 25 | $0.06 | $0.68 | ||
| Q4 24 | $-0.11 | $0.62 | ||
| Q3 24 | $0.08 | $0.53 | ||
| Q2 24 | $0.15 | $0.38 |
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 | $515.0M |
| 总债务越低越好 | $4.0B | $9.0B |
| 股东权益账面价值 | $640.0M | $12.0B |
| 总资产 | $6.7B | $27.3B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AXLNDAQ
| Q1 26 | — | $515.0M | ||
| Q4 25 | $708.9M | $604.0M | ||
| Q3 25 | $714.1M | $470.0M | ||
| Q2 25 | $586.5M | $732.0M | ||
| Q1 25 | $549.2M | $690.0M | ||
| Q4 24 | $552.9M | $592.0M | ||
| Q3 24 | $542.5M | $266.0M | ||
| Q2 24 | $519.9M | $416.0M |
总债务AXLNDAQ
| Q1 26 | — | $9.0B | ||
| Q4 25 | $4.0B | $8.6B | ||
| Q3 25 | $2.6B | $8.7B | ||
| Q2 25 | $2.6B | $8.7B | ||
| Q1 25 | $2.6B | $8.9B | ||
| Q4 24 | $2.6B | $9.1B | ||
| Q3 24 | $2.6B | $9.4B | ||
| Q2 24 | $2.7B | $9.2B |
股东权益AXLNDAQ
| Q1 26 | — | $12.0B | ||
| Q4 25 | $640.0M | $12.2B | ||
| Q3 25 | $718.4M | $12.0B | ||
| Q2 25 | $673.0M | $11.8B | ||
| Q1 25 | $596.3M | $11.5B | ||
| Q4 24 | $562.8M | $11.2B | ||
| Q3 24 | $616.3M | $11.1B | ||
| Q2 24 | $609.6M | $10.9B |
总资产AXLNDAQ
| Q1 26 | — | $27.3B | ||
| Q4 25 | $6.7B | $31.1B | ||
| Q3 25 | $5.3B | $30.7B | ||
| Q2 25 | $5.3B | $30.4B | ||
| Q1 25 | $5.1B | $30.6B | ||
| Q4 24 | $5.1B | $30.4B | ||
| Q3 24 | $5.3B | $30.6B | ||
| Q2 24 | $5.3B | $30.2B |
负债/权益比AXLNDAQ
| Q1 26 | — | 0.74× | ||
| Q4 25 | 6.31× | 0.70× | ||
| Q3 25 | 3.61× | 0.72× | ||
| Q2 25 | 3.86× | 0.73× | ||
| Q1 25 | 4.38× | 0.77× | ||
| Q4 24 | 4.58× | 0.81× | ||
| Q3 24 | 4.28× | 0.85× | ||
| Q2 24 | 4.42× | 0.85× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $54.7M | — |
| 自由现金流率自由现金流/营收 | 4.0% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $625.0M | ||
| Q3 25 | $143.3M | $221.0M | ||
| Q2 25 | $91.9M | $746.0M | ||
| Q1 25 | $55.9M | $663.0M | ||
| Q4 24 | $151.2M | $705.0M | ||
| Q3 24 | $143.6M | $244.0M | ||
| Q2 24 | $142.8M | $460.0M |
自由现金流AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $536.0M | ||
| Q3 25 | $79.2M | $152.0M | ||
| Q2 25 | $34.6M | $687.0M | ||
| Q1 25 | $-13.4M | $614.0M | ||
| Q4 24 | $73.2M | $645.0M | ||
| Q3 24 | $70.4M | $188.0M | ||
| Q2 24 | $94.0M | $408.0M |
自由现金流率AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 25.2% | ||
| Q3 25 | 5.3% | 7.8% | ||
| Q2 25 | 2.3% | 32.9% | ||
| Q1 25 | -0.9% | 29.4% | ||
| Q4 24 | 5.3% | 31.7% | ||
| Q3 24 | 4.7% | 9.9% | ||
| Q2 24 | 5.8% | 22.8% |
资本支出强度AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 4.2% | ||
| Q3 25 | 4.3% | 3.5% | ||
| Q2 25 | 3.7% | 2.8% | ||
| Q1 25 | 4.9% | 2.3% | ||
| Q4 24 | 5.6% | 3.0% | ||
| Q3 24 | 4.9% | 2.9% | ||
| Q2 24 | 3.0% | 2.9% |
现金转化率AXLNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 1.21× | ||
| Q3 25 | 15.58× | 0.52× | ||
| Q2 25 | 2.34× | 1.65× | ||
| Q1 25 | 7.87× | 1.68× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | 14.36× | 0.80× | ||
| Q2 24 | 7.85× | 2.07× |
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% |
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
