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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与OCEANEERING INTERNATIONAL INC（OII）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OCEANEERING INTERNATIONAL INC的2.0倍（$1.4B vs $692.4M），OCEANEERING INTERNATIONAL INC净利率更高（5.2% vs -5.4%，领先10.7%），OCEANEERING INTERNATIONAL INC同比增速更快（2.7% vs 0.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-76.5M），过去两年OCEANEERING INTERNATIONAL INC的营收复合增速更高（1.8% 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。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
AXL vs OII — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $692.4M |
| 净利润 | $-75.3M | $36.1M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | — |
| 净利率 | -5.4% | 5.2% |
| 营收同比 | 0.2% | 2.7% |
| 净利润同比 | -449.6% | -79.7% |
| 每股收益（稀释后） | $-0.62 | $0.36 |
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
| Q1 26 | — | $692.4M | ||
| Q4 25 | $1.4B | $668.6M | ||
| Q3 25 | $1.5B | $742.9M | ||
| Q2 25 | $1.5B | $698.2M | ||
| Q1 25 | $1.4B | $674.5M | ||
| Q4 24 | $1.4B | $713.5M | ||
| Q3 24 | $1.5B | $679.8M | ||
| Q2 24 | $1.6B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $-75.3M | $177.7M | ||
| Q3 25 | $9.2M | $71.3M | ||
| Q2 25 | $39.3M | $54.4M | ||
| Q1 25 | $7.1M | $50.4M | ||
| Q4 24 | $-13.7M | $56.1M | ||
| Q3 24 | $10.0M | $41.2M | ||
| Q2 24 | $18.2M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 19.8% | ||
| Q3 25 | 12.6% | 20.6% | ||
| Q2 25 | 13.1% | 21.3% | ||
| Q1 25 | 12.3% | 20.0% | ||
| Q4 24 | 11.2% | 19.9% | ||
| Q3 24 | 11.4% | 19.3% | ||
| Q2 24 | 13.3% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | 9.8% | ||
| Q3 25 | 3.2% | 11.6% | ||
| Q2 25 | 3.6% | 11.3% | ||
| Q1 25 | 3.0% | 10.9% | ||
| Q4 24 | 2.6% | 10.9% | ||
| Q3 24 | 2.8% | 10.5% | ||
| Q2 24 | 5.3% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | -5.4% | 26.6% | ||
| Q3 25 | 0.6% | 9.6% | ||
| Q2 25 | 2.6% | 7.8% | ||
| Q1 25 | 0.5% | 7.5% | ||
| Q4 24 | -1.0% | 7.9% | ||
| Q3 24 | 0.7% | 6.1% | ||
| Q2 24 | 1.1% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.62 | $1.75 | ||
| Q3 25 | $0.07 | $0.71 | ||
| Q2 25 | $0.32 | $0.54 | ||
| Q1 25 | $0.06 | $0.49 | ||
| Q4 24 | $-0.11 | $0.55 | ||
| Q3 24 | $0.08 | $0.40 | ||
| Q2 24 | $0.15 | $0.34 |
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 | $488.8M |
| 股东权益账面价值 | $640.0M | $1.1B |
| 总资产 | $6.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.44× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $708.9M | $695.9M | ||
| Q3 25 | $714.1M | $7.0M | ||
| Q2 25 | $586.5M | $7.0M | ||
| Q1 25 | $549.2M | $7.0M | ||
| Q4 24 | $552.9M | $504.5M | ||
| Q3 24 | $542.5M | — | ||
| Q2 24 | $519.9M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $4.0B | $487.4M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $482.0M | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $640.0M | $1.1B | ||
| Q3 25 | $718.4M | $907.7M | ||
| Q2 25 | $673.0M | $842.1M | ||
| Q1 25 | $596.3M | $773.1M | ||
| Q4 24 | $562.8M | $714.3M | ||
| Q3 24 | $616.3M | $698.0M | ||
| Q2 24 | $609.6M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $6.7B | $2.7B | ||
| Q3 25 | $5.3B | $2.5B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $5.1B | $2.3B | ||
| Q3 24 | $5.3B | $2.4B | ||
| Q2 24 | $5.3B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 6.31× | 0.46× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 0.67× | ||
| 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 | $-76.5M |
| 自由现金流率自由现金流/营收 | 4.0% | -11.1% |
| 资本支出强度资本支出/营收 | 4.8% | 2.5% |
| 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 | $238.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $221.1M | ||
| Q3 25 | $143.3M | $101.3M | ||
| Q2 25 | $91.9M | $77.2M | ||
| Q1 25 | $55.9M | $-80.7M | ||
| Q4 24 | $151.2M | $128.4M | ||
| Q3 24 | $143.6M | $91.9M | ||
| Q2 24 | $142.8M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $54.7M | $190.7M | ||
| Q3 25 | $79.2M | $77.0M | ||
| Q2 25 | $34.6M | $46.9M | ||
| Q1 25 | $-13.4M | $-106.8M | ||
| Q4 24 | $73.2M | $94.5M | ||
| Q3 24 | $70.4M | $67.0M | ||
| Q2 24 | $94.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 4.0% | 28.5% | ||
| Q3 25 | 5.3% | 10.4% | ||
| Q2 25 | 2.3% | 6.7% | ||
| Q1 25 | -0.9% | -15.8% | ||
| Q4 24 | 5.3% | 13.2% | ||
| Q3 24 | 4.7% | 9.9% | ||
| Q2 24 | 5.8% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 4.8% | 4.6% | ||
| Q3 25 | 4.3% | 3.3% | ||
| Q2 25 | 3.7% | 4.3% | ||
| Q1 25 | 4.9% | 3.9% | ||
| Q4 24 | 5.6% | 4.7% | ||
| Q3 24 | 4.9% | 3.7% | ||
| Q2 24 | 3.0% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 15.58× | 1.42× | ||
| Q2 25 | 2.34× | 1.42× | ||
| Q1 25 | 7.87× | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 14.36× | 2.23× | ||
| Q2 24 | 7.85× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
