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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与OLIN Corp（OLN）财务数据对比。点击上方公司名可切换其他公司
OLIN Corp的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.2倍（$1.7B vs $1.4B），AMERICAN AXLE & MANUFACTURING HOLDINGS INC净利率更高（-5.4% vs -8.6%，领先3.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -0.4%），过去两年OLIN Corp的营收复合增速更高（0.9% 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。
奥林公司是美国知名制造企业，主营弹药、氯气及氢氧化钠产品。其历史可追溯至1892年成立的两家企业：富兰克林·W·奥林创立的公平火药公司，以及马西森碱业公司。过往奥林旗下化工厂曾发生安全事故，对员工及周边居民健康造成风险。
AXL vs OLN — 直观对比
营收规模更大
OLN
是对方的1.2倍
$1.4B
营收增速更快
AXL
高出0.6%
-0.4%
净利率更高
AXL
高出3.2%
-8.6%
两年增速更快
OLN
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-75.3M | $-143.2M |
| 毛利率 | 10.2% | 1.9% |
| 营业利润率 | -2.4% | -9.4% |
| 净利率 | -5.4% | -8.6% |
| 营收同比 | 0.2% | -0.4% |
| 净利润同比 | -449.6% | -1517.8% |
| 每股收益（稀释后） | $-0.62 | $-1.25 |
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AXLOLN
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.6B |
净利润AXLOLN
| Q4 25 | $-75.3M | $-143.2M | ||
| Q3 25 | $9.2M | $43.7M | ||
| Q2 25 | $39.3M | $-2.8M | ||
| Q1 25 | $7.1M | $1.2M | ||
| Q4 24 | $-13.7M | $10.1M | ||
| Q3 24 | $10.0M | $-25.2M | ||
| Q2 24 | $18.2M | $72.3M | ||
| Q1 24 | $20.5M | $47.8M |
毛利率AXLOLN
| Q4 25 | 10.2% | 1.9% | ||
| Q3 25 | 12.6% | 10.7% | ||
| Q2 25 | 13.1% | 7.9% | ||
| Q1 25 | 12.3% | 9.0% | ||
| Q4 24 | 11.2% | 9.4% | ||
| Q3 24 | 11.4% | 8.5% | ||
| Q2 24 | 13.3% | 14.5% | ||
| Q1 24 | 12.4% | 12.7% |
营业利润率AXLOLN
| Q4 25 | -2.4% | -9.4% | ||
| Q3 25 | 3.2% | 4.8% | ||
| Q2 25 | 3.6% | 2.0% | ||
| Q1 25 | 3.0% | 2.7% | ||
| Q4 24 | 2.6% | 2.8% | ||
| Q3 24 | 2.8% | 1.0% | ||
| Q2 24 | 5.3% | 8.3% | ||
| Q1 24 | 4.8% | 5.9% |
净利率AXLOLN
| Q4 25 | -5.4% | -8.6% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 2.6% | -0.2% | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | -1.0% | 0.6% | ||
| Q3 24 | 0.7% | -1.6% | ||
| Q2 24 | 1.1% | 4.4% | ||
| Q1 24 | 1.3% | 2.9% |
每股收益（稀释后）AXLOLN
| Q4 25 | $-0.62 | $-1.25 | ||
| Q3 25 | $0.07 | $0.37 | ||
| Q2 25 | $0.32 | $-0.01 | ||
| Q1 25 | $0.06 | $0.01 | ||
| Q4 24 | $-0.11 | $0.10 | ||
| Q3 24 | $0.08 | $-0.21 | ||
| Q2 24 | $0.15 | $0.62 | ||
| Q1 24 | $0.17 | $0.40 |
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 | $167.6M |
| 总债务越低越好 | $4.0B | $2.8B |
| 股东权益账面价值 | $640.0M | $1.8B |
| 总资产 | $6.7B | $7.3B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资AXLOLN
| Q4 25 | $708.9M | $167.6M | ||
| Q3 25 | $714.1M | — | ||
| Q2 25 | $586.5M | — | ||
| Q1 25 | $549.2M | — | ||
| Q4 24 | $552.9M | $175.6M | ||
| Q3 24 | $542.5M | — | ||
| Q2 24 | $519.9M | — | ||
| Q1 24 | $469.8M | — |
总债务AXLOLN
| Q4 25 | $4.0B | $2.8B | ||
| Q3 25 | $2.6B | $3.0B | ||
| Q2 25 | $2.6B | $3.0B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.7B | $2.8B | ||
| Q1 24 | $2.7B | $2.7B |
股东权益AXLOLN
| Q4 25 | $640.0M | $1.8B | ||
| Q3 25 | $718.4M | $2.0B | ||
| Q2 25 | $673.0M | $2.0B | ||
| Q1 25 | $596.3M | $2.0B | ||
| Q4 24 | $562.8M | $2.0B | ||
| Q3 24 | $616.3M | $2.1B | ||
| Q2 24 | $609.6M | $2.1B | ||
| Q1 24 | $621.4M | $2.2B |
总资产AXLOLN
| Q4 25 | $6.7B | $7.3B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $7.7B | ||
| Q1 25 | $5.1B | $7.7B | ||
| Q4 24 | $5.1B | $7.6B | ||
| Q3 24 | $5.3B | $7.5B | ||
| Q2 24 | $5.3B | $7.7B | ||
| Q1 24 | $5.4B | $7.6B |
负债/权益比AXLOLN
| Q4 25 | 6.31× | 1.55× | ||
| Q3 25 | 3.61× | 1.52× | ||
| Q2 25 | 3.86× | 1.52× | ||
| Q1 25 | 4.38× | 1.50× | ||
| Q4 24 | 4.58× | 1.34× | ||
| Q3 24 | 4.28× | 1.34× | ||
| Q2 24 | 4.42× | 1.31× | ||
| Q1 24 | 4.40× | 1.24× |
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 | $321.2M |
| 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AXLOLN
| Q4 25 | $120.5M | $321.2M | ||
| Q3 25 | $143.3M | $26.7M | ||
| Q2 25 | $91.9M | $212.3M | ||
| Q1 25 | $55.9M | $-86.0M | ||
| Q4 24 | $151.2M | $141.7M | ||
| Q3 24 | $143.6M | $189.9M | ||
| Q2 24 | $142.8M | $90.6M | ||
| Q1 24 | $17.8M | $81.0M |
自由现金流AXLOLN
| Q4 25 | $54.7M | — | ||
| Q3 25 | $79.2M | $-44.4M | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | $-147.4M | ||
| Q4 24 | $73.2M | $90.7M | ||
| Q3 24 | $70.4M | $146.6M | ||
| Q2 24 | $94.0M | $34.1M | ||
| Q1 24 | $-30.2M | $36.7M |
自由现金流率AXLOLN
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.3% | -2.6% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | -9.0% | ||
| Q4 24 | 5.3% | 5.4% | ||
| Q3 24 | 4.7% | 9.2% | ||
| Q2 24 | 5.8% | 2.1% | ||
| Q1 24 | -1.9% | 2.2% |
资本支出强度AXLOLN
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.3% | 4.2% | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.9% | 3.7% | ||
| Q4 24 | 5.6% | 3.1% | ||
| Q3 24 | 4.9% | 2.7% | ||
| Q2 24 | 3.0% | 3.4% | ||
| Q1 24 | 3.0% | 2.7% |
现金转化率AXLOLN
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | 0.61× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | -71.67× | ||
| Q4 24 | — | 14.03× | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | 1.25× | ||
| Q1 24 | 0.87× | 1.69× |
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% |
OLN
| Chlorinechlorinederivativesandothercoproducts | $456.2M | 27% |
| Causticsoda | $400.2M | 24% |
| Militaryandlawenforcement | $304.6M | 18% |
| Epoxyresins | $194.9M | 12% |
| Aromaticsandallylics | $164.4M | 10% |
| Commercial | $144.8M | 9% |
