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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与NGL Energy Partners LP（NGL）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NGL Energy Partners LP的1.5倍（$1.4B vs $909.8M），NGL Energy Partners LP净利率更高（5.2% vs -5.4%，领先10.6%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -41.3%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $45.7M），过去两年NGL Energy Partners LP的营收复合增速更高（-6.4% 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。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
AXL vs NGL — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $909.8M |
| 净利润 | $-75.3M | $47.2M |
| 毛利率 | 10.2% | 29.0% |
| 营业利润率 | -2.4% | 12.1% |
| 净利率 | -5.4% | 5.2% |
| 营收同比 | 0.2% | -41.3% |
| 净利润同比 | -449.6% | 249.3% |
| 每股收益（稀释后） | $-0.62 | — |
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
| Q4 25 | $1.4B | $909.8M | ||
| Q3 25 | $1.5B | $674.7M | ||
| Q2 25 | $1.5B | $622.2M | ||
| Q1 25 | $1.4B | $971.1M | ||
| Q4 24 | $1.4B | $982.4M | ||
| Q3 24 | $1.5B | $756.5M | ||
| Q2 24 | $1.6B | $759.2M | ||
| Q1 24 | $1.6B | $1.0B |
| Q4 25 | $-75.3M | $47.2M | ||
| Q3 25 | $9.2M | $29.3M | ||
| Q2 25 | $39.3M | $68.9M | ||
| Q1 25 | $7.1M | $13.7M | ||
| Q4 24 | $-13.7M | $13.5M | ||
| Q3 24 | $10.0M | $2.5M | ||
| Q2 24 | $18.2M | $9.7M | ||
| Q1 24 | $20.5M | $-236.8M |
| Q4 25 | 10.2% | 29.0% | ||
| Q3 25 | 12.6% | 37.6% | ||
| Q2 25 | 13.1% | 38.5% | ||
| Q1 25 | 12.3% | 26.9% | ||
| Q4 24 | 11.2% | 25.1% | ||
| Q3 24 | 11.4% | 30.9% | ||
| Q2 24 | 13.3% | 29.0% | ||
| Q1 24 | 12.4% | 21.8% |
| Q4 25 | -2.4% | 12.1% | ||
| Q3 25 | 3.2% | 14.0% | ||
| Q2 25 | 3.6% | 15.7% | ||
| Q1 25 | 3.0% | 8.4% | ||
| Q4 24 | 2.6% | 8.6% | ||
| Q3 24 | 2.8% | 10.8% | ||
| Q2 24 | 5.3% | 10.8% | ||
| Q1 24 | 4.8% | -9.4% |
| Q4 25 | -5.4% | 5.2% | ||
| Q3 25 | 0.6% | 4.3% | ||
| Q2 25 | 2.6% | 11.1% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | -1.0% | 1.4% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 1.3% | -22.8% |
| Q4 25 | $-0.62 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.15 | — | ||
| Q1 24 | $0.17 | — |
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 | $6.5M |
| 总债务越低越好 | $4.0B | $2.9B |
| 股东权益账面价值 | $640.0M | — |
| 总资产 | $6.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 6.31× | — |
8季度趋势，按日历期对齐
| Q4 25 | $708.9M | $6.5M | ||
| Q3 25 | $714.1M | $8.7M | ||
| Q2 25 | $586.5M | $5.4M | ||
| Q1 25 | $549.2M | $13.5M | ||
| Q4 24 | $552.9M | $5.7M | ||
| Q3 24 | $542.5M | $4.5M | ||
| Q2 24 | $519.9M | $5.3M | ||
| Q1 24 | $469.8M | $38.9M |
| Q4 25 | $4.0B | $2.9B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.7B | $3.0B | ||
| Q1 24 | $2.7B | $2.9B |
| Q4 25 | $640.0M | — | ||
| Q3 25 | $718.4M | — | ||
| Q2 25 | $673.0M | — | ||
| Q1 25 | $596.3M | — | ||
| Q4 24 | $562.8M | — | ||
| Q3 24 | $616.3M | — | ||
| Q2 24 | $609.6M | — | ||
| Q1 24 | $621.4M | — |
| Q4 25 | $6.7B | $4.4B | ||
| Q3 25 | $5.3B | $4.3B | ||
| Q2 25 | $5.3B | $4.2B | ||
| Q1 25 | $5.1B | $4.6B | ||
| Q4 24 | $5.1B | $4.8B | ||
| Q3 24 | $5.3B | $4.9B | ||
| Q2 24 | $5.3B | $4.8B | ||
| Q1 24 | $5.4B | $5.0B |
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | — | ||
| Q1 24 | 4.40× | — |
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 | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $45.7M |
| 自由现金流率自由现金流/营收 | 4.0% | 5.0% |
| 资本支出强度资本支出/营收 | 4.8% | 15.0% |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $126.7M |
8季度趋势，按日历期对齐
| Q4 25 | $120.5M | $182.3M | ||
| Q3 25 | $143.3M | $40.5M | ||
| Q2 25 | $91.9M | $33.2M | ||
| Q1 25 | $55.9M | $155.0M | ||
| Q4 24 | $151.2M | $153.8M | ||
| Q3 24 | $143.6M | $6.7M | ||
| Q2 24 | $142.8M | $-18.1M | ||
| Q1 24 | $17.8M | $152.2M |
| Q4 25 | $54.7M | $45.7M | ||
| Q3 25 | $79.2M | $9.5M | ||
| Q2 25 | $34.6M | $11.1M | ||
| Q1 25 | $-13.4M | $60.4M | ||
| Q4 24 | $73.2M | $152.1M | ||
| Q3 24 | $70.4M | $-82.9M | ||
| Q2 24 | $94.0M | $-78.0M | ||
| Q1 24 | $-30.2M | $119.8M |
| Q4 25 | 4.0% | 5.0% | ||
| Q3 25 | 5.3% | 1.4% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | -0.9% | 6.2% | ||
| Q4 24 | 5.3% | 15.5% | ||
| Q3 24 | 4.7% | -11.0% | ||
| Q2 24 | 5.8% | -10.3% | ||
| Q1 24 | -1.9% | 11.5% |
| Q4 25 | 4.8% | 15.0% | ||
| Q3 25 | 4.3% | 4.6% | ||
| Q2 25 | 3.7% | 3.6% | ||
| Q1 25 | 4.9% | 9.7% | ||
| Q4 24 | 5.6% | 0.2% | ||
| Q3 24 | 4.9% | 11.8% | ||
| Q2 24 | 3.0% | 7.9% | ||
| Q1 24 | 3.0% | 3.1% |
| Q4 25 | — | 3.86× | ||
| Q3 25 | 15.58× | 1.38× | ||
| Q2 25 | 2.34× | 0.48× | ||
| Q1 25 | 7.87× | 11.29× | ||
| Q4 24 | — | 11.39× | ||
| Q3 24 | 14.36× | 2.74× | ||
| Q2 24 | 7.85× | -1.87× | ||
| Q1 24 | 0.87× | — |
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% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
