vs
AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.2倍（$1.7B vs $1.4B），NetApp净利率更高（17.9% vs -5.4%，领先23.3%），NetApp同比增速更快（2.8% vs 0.2%），NetApp自由现金流更多（$78.0M vs $54.7M），过去两年NetApp的营收复合增速更高（3.0% 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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
AXL vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.2倍
$1.4B
营收增速更快
NTAP
高出2.6%
0.2%
净利率更高
NTAP
高出23.3%
-5.4%
自由现金流更多
NTAP
多$23.3M
$54.7M
两年增速更快
NTAP
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-75.3M | $305.0M |
| 毛利率 | 10.2% | 72.0% |
| 营业利润率 | -2.4% | 23.4% |
| 净利率 | -5.4% | 17.9% |
| 营收同比 | 0.2% | 2.8% |
| 净利润同比 | -449.6% | 2.0% |
| 每股收益（稀释后） | $-0.62 | $1.51 |
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AXLNTAP
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.6B | $1.6B |
净利润AXLNTAP
| Q4 25 | $-75.3M | $305.0M | ||
| Q3 25 | $9.2M | $233.0M | ||
| Q2 25 | $39.3M | $340.0M | ||
| Q1 25 | $7.1M | $299.0M | ||
| Q4 24 | $-13.7M | $299.0M | ||
| Q3 24 | $10.0M | $248.0M | ||
| Q2 24 | $18.2M | $291.0M | ||
| Q1 24 | $20.5M | $313.0M |
毛利率AXLNTAP
| Q4 25 | 10.2% | 72.0% | ||
| Q3 25 | 12.6% | 70.4% | ||
| Q2 25 | 13.1% | 68.9% | ||
| Q1 25 | 12.3% | 69.8% | ||
| Q4 24 | 11.2% | 71.0% | ||
| Q3 24 | 11.4% | 71.3% | ||
| Q2 24 | 13.3% | 70.5% | ||
| Q1 24 | 12.4% | 71.7% |
营业利润率AXLNTAP
| Q4 25 | -2.4% | 23.4% | ||
| Q3 25 | 3.2% | 19.8% | ||
| Q2 25 | 3.6% | 20.1% | ||
| Q1 25 | 3.0% | 22.1% | ||
| Q4 24 | 2.6% | 20.8% | ||
| Q3 24 | 2.8% | 18.3% | ||
| Q2 24 | 5.3% | 21.9% | ||
| Q1 24 | 4.8% | 22.8% |
净利率AXLNTAP
| Q4 25 | -5.4% | 17.9% | ||
| Q3 25 | 0.6% | 14.9% | ||
| Q2 25 | 2.6% | 19.6% | ||
| Q1 25 | 0.5% | 18.2% | ||
| Q4 24 | -1.0% | 18.0% | ||
| Q3 24 | 0.7% | 16.1% | ||
| Q2 24 | 1.1% | 17.4% | ||
| Q1 24 | 1.3% | 19.5% |
每股收益（稀释后）AXLNTAP
| Q4 25 | $-0.62 | $1.51 | ||
| Q3 25 | $0.07 | $1.15 | ||
| Q2 25 | $0.32 | $1.64 | ||
| Q1 25 | $0.06 | $1.44 | ||
| Q4 24 | $-0.11 | $1.42 | ||
| Q3 24 | $0.08 | $1.17 | ||
| Q2 24 | $0.15 | $1.36 | ||
| Q1 24 | $0.17 | $1.48 |
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 | $3.0B |
| 总债务越低越好 | $4.0B | $2.5B |
| 股东权益账面价值 | $640.0M | $986.0M |
| 总资产 | $6.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资AXLNTAP
| Q4 25 | $708.9M | $3.0B | ||
| Q3 25 | $714.1M | $3.3B | ||
| Q2 25 | $586.5M | $3.8B | ||
| Q1 25 | $549.2M | $2.3B | ||
| Q4 24 | $552.9M | $2.2B | ||
| Q3 24 | $542.5M | $3.0B | ||
| Q2 24 | $519.9M | $3.3B | ||
| Q1 24 | $469.8M | $2.9B |
总债务AXLNTAP
| Q4 25 | $4.0B | $2.5B | ||
| Q3 25 | $2.6B | $2.5B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.7B | $2.4B | ||
| Q1 24 | $2.7B | $2.4B |
股东权益AXLNTAP
| Q4 25 | $640.0M | $986.0M | ||
| Q3 25 | $718.4M | $975.0M | ||
| Q2 25 | $673.0M | $1.0B | ||
| Q1 25 | $596.3M | $995.0M | ||
| Q4 24 | $562.8M | $892.0M | ||
| Q3 24 | $616.3M | $929.0M | ||
| Q2 24 | $609.6M | $1.1B | ||
| Q1 24 | $621.4M | $994.0M |
总资产AXLNTAP
| Q4 25 | $6.7B | $9.6B | ||
| Q3 25 | $5.3B | $9.7B | ||
| Q2 25 | $5.3B | $10.8B | ||
| Q1 25 | $5.1B | $9.0B | ||
| Q4 24 | $5.1B | $9.0B | ||
| Q3 24 | $5.3B | $9.3B | ||
| Q2 24 | $5.3B | $9.9B | ||
| Q1 24 | $5.4B | $9.4B |
负债/权益比AXLNTAP
| Q4 25 | 6.31× | 2.52× | ||
| Q3 25 | 3.61× | 2.55× | ||
| Q2 25 | 3.86× | 3.11× | ||
| Q1 25 | 4.38× | 2.00× | ||
| Q4 24 | 4.58× | 2.23× | ||
| Q3 24 | 4.28× | 2.58× | ||
| Q2 24 | 4.42× | 2.09× | ||
| Q1 24 | 4.40× | 2.41× |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $78.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 4.6% |
| 资本支出强度资本支出/营收 | 4.8% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 0.42× |
| 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AXLNTAP
| Q4 25 | $120.5M | $127.0M | ||
| Q3 25 | $143.3M | $673.0M | ||
| Q2 25 | $91.9M | — | ||
| Q1 25 | $55.9M | $385.0M | ||
| Q4 24 | $151.2M | — | ||
| Q3 24 | $143.6M | $341.0M | ||
| Q2 24 | $142.8M | $613.0M | ||
| Q1 24 | $17.8M | $484.0M |
自由现金流AXLNTAP
| Q4 25 | $54.7M | $78.0M | ||
| Q3 25 | $79.2M | $620.0M | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | $338.0M | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $70.4M | $300.0M | ||
| Q2 24 | $94.0M | $567.0M | ||
| Q1 24 | $-30.2M | $448.0M |
自由现金流率AXLNTAP
| Q4 25 | 4.0% | 4.6% | ||
| Q3 25 | 5.3% | 39.8% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | 20.6% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.7% | 19.5% | ||
| Q2 24 | 5.8% | 34.0% | ||
| Q1 24 | -1.9% | 27.9% |
资本支出强度AXLNTAP
| Q4 25 | 4.8% | 2.9% | ||
| Q3 25 | 4.3% | 3.4% | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.9% | 2.9% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.9% | 2.7% | ||
| Q2 24 | 3.0% | 2.8% | ||
| Q1 24 | 3.0% | 2.2% |
现金转化率AXLNTAP
| Q4 25 | — | 0.42× | ||
| Q3 25 | 15.58× | 2.89× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | 1.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 1.38× | ||
| Q2 24 | 7.85× | 2.11× | ||
| Q1 24 | 0.87× | 1.55× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
