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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与OGE ENERGY CORP.（OGE）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OGE ENERGY CORP.的1.8倍（$1.4B vs $752.6M），OGE ENERGY CORP.净利率更高（6.7% vs -5.4%，领先12.1%），OGE ENERGY CORP.同比增速更快（0.7% vs 0.2%），过去两年OGE ENERGY CORP.的营收复合增速更高（8.1% 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。
OGE能源集团是一家受监管的公用电力企业，核心子公司俄克拉荷马燃气电力公司为俄克拉荷马州及阿肯色州超84.3万用户提供服务，覆盖俄克拉荷马城大都会区150万居民，总部设于俄克拉荷马城市中心。集团原旗下天然气管道业务Enogex于2013年与CenterPoint Energy的中游业务合并组建为Enable Midstream。
AXL vs OGE — 直观对比
营收规模更大
AXL
是对方的1.8倍
$752.6M
营收增速更快
OGE
高出0.4%
0.2%
净利率更高
OGE
高出12.1%
-5.4%
两年增速更快
OGE
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $752.6M |
| 净利润 | $-75.3M | $50.2M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 15.0% |
| 净利率 | -5.4% | 6.7% |
| 营收同比 | 0.2% | 0.7% |
| 净利润同比 | -449.6% | -19.9% |
| 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
营收AXLOGE
| Q1 26 | — | $752.6M | ||
| Q4 25 | $1.4B | $701.7M | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $719.7M | ||
| Q1 25 | $1.4B | $741.1M | ||
| Q4 24 | $1.4B | $744.7M | ||
| Q3 24 | $1.5B | $945.2M | ||
| Q2 24 | $1.6B | $644.1M |
净利润AXLOGE
| Q1 26 | — | $50.2M | ||
| Q4 25 | $-75.3M | $69.2M | ||
| Q3 25 | $9.2M | $231.3M | ||
| Q2 25 | $39.3M | $107.5M | ||
| Q1 25 | $7.1M | $62.7M | ||
| Q4 24 | $-13.7M | $101.9M | ||
| Q3 24 | $10.0M | $218.7M | ||
| Q2 24 | $18.2M | $102.3M |
毛利率AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 59.2% | ||
| Q3 25 | 12.6% | 62.2% | ||
| Q2 25 | 13.1% | 63.7% | ||
| Q1 25 | 12.3% | 56.3% | ||
| Q4 24 | 11.2% | 59.7% | ||
| Q3 24 | 11.4% | 63.0% | ||
| Q2 24 | 13.3% | 69.9% |
营业利润率AXLOGE
| Q1 26 | — | 15.0% | ||
| Q4 25 | -2.4% | 19.7% | ||
| Q3 25 | 3.2% | 33.2% | ||
| Q2 25 | 3.6% | 25.9% | ||
| Q1 25 | 3.0% | 18.0% | ||
| Q4 24 | 2.6% | 24.5% | ||
| Q3 24 | 2.8% | 33.1% | ||
| Q2 24 | 5.3% | 27.3% |
净利率AXLOGE
| Q1 26 | — | 6.7% | ||
| Q4 25 | -5.4% | 9.9% | ||
| Q3 25 | 0.6% | 22.5% | ||
| Q2 25 | 2.6% | 14.9% | ||
| Q1 25 | 0.5% | 8.5% | ||
| Q4 24 | -1.0% | 13.7% | ||
| Q3 24 | 0.7% | 23.1% | ||
| Q2 24 | 1.1% | 15.9% |
每股收益（稀释后）AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $-0.62 | $0.34 | ||
| Q3 25 | $0.07 | $1.14 | ||
| Q2 25 | $0.32 | $0.53 | ||
| Q1 25 | $0.06 | $0.31 | ||
| Q4 24 | $-0.11 | $0.50 | ||
| Q3 24 | $0.08 | $1.09 | ||
| Q2 24 | $0.15 | $0.51 |
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 | — |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | — |
| 总资产 | $6.7B | — |
| 负债/权益比越低杠杆越低 | 6.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $708.9M | $200.0K | ||
| Q3 25 | $714.1M | $300.0K | ||
| Q2 25 | $586.5M | $500.0K | ||
| Q1 25 | $549.2M | $26.9M | ||
| Q4 24 | $552.9M | $600.0K | ||
| Q3 24 | $542.5M | $9.9M | ||
| Q2 24 | $519.9M | $100.0K |
总债务AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $5.4B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $5.1B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — |
股东权益AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $640.0M | $5.0B | ||
| Q3 25 | $718.4M | $4.8B | ||
| Q2 25 | $673.0M | $4.6B | ||
| Q1 25 | $596.3M | $4.6B | ||
| Q4 24 | $562.8M | $4.6B | ||
| Q3 24 | $616.3M | $4.6B | ||
| Q2 24 | $609.6M | $4.5B |
总资产AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $6.7B | $14.4B | ||
| Q3 25 | $5.3B | $14.3B | ||
| Q2 25 | $5.3B | $14.1B | ||
| Q1 25 | $5.1B | $14.0B | ||
| Q4 24 | $5.1B | $13.7B | ||
| Q3 24 | $5.3B | $13.5B | ||
| Q2 24 | $5.3B | $13.2B |
负债/权益比AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | 6.31× | 1.08× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 1.09× | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | — |
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AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $384.8M | ||
| Q3 25 | $143.3M | $397.8M | ||
| Q2 25 | $91.9M | $338.6M | ||
| Q1 25 | $55.9M | $15.9M | ||
| Q4 24 | $151.2M | $129.6M | ||
| Q3 24 | $143.6M | $347.1M | ||
| Q2 24 | $142.8M | $253.1M |
自由现金流AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $83.1M | ||
| Q3 25 | $79.2M | $168.3M | ||
| Q2 25 | $34.6M | $64.9M | ||
| Q1 25 | $-13.4M | $-233.6M | ||
| Q4 24 | $73.2M | $-167.0M | ||
| Q3 24 | $70.4M | $103.0M | ||
| Q2 24 | $94.0M | $-70.2M |
自由现金流率AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 11.8% | ||
| Q3 25 | 5.3% | 16.4% | ||
| Q2 25 | 2.3% | 9.0% | ||
| Q1 25 | -0.9% | -31.5% | ||
| Q4 24 | 5.3% | -22.4% | ||
| Q3 24 | 4.7% | 10.9% | ||
| Q2 24 | 5.8% | -10.9% |
资本支出强度AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 43.0% | ||
| Q3 25 | 4.3% | 22.3% | ||
| Q2 25 | 3.7% | 38.0% | ||
| Q1 25 | 4.9% | 33.7% | ||
| Q4 24 | 5.6% | 39.8% | ||
| Q3 24 | 4.9% | 25.8% | ||
| Q2 24 | 3.0% | 50.2% |
现金转化率AXLOGE
| Q1 26 | — | — | ||
| Q4 25 | — | 5.56× | ||
| Q3 25 | 15.58× | 1.72× | ||
| Q2 25 | 2.34× | 3.15× | ||
| Q1 25 | 7.87× | 0.25× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 14.36× | 1.59× | ||
| Q2 24 | 7.85× | 2.47× |
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% |
OGE
| Residential | $260.4M | 35% |
| Commercial | $212.0M | 28% |
| Public authorities and street light | $61.9M | 8% |
| Industrial | $60.7M | 8% |
| Oilfield | $58.4M | 8% |
| Integrated market | $47.3M | 6% |
| Transmission | $40.7M | 5% |
