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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与安森美半导体（ON）财务数据对比。点击上方公司名可切换其他公司
安森美半导体的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.1倍（$1.6B vs $1.4B），安森美半导体净利率更高（16.4% vs -5.4%，领先21.9%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -10.0%），安森美半导体自由现金流更多（$372.4M vs $54.7M），过去两年AMERICAN AXLE & MANUFACTURING HOLDINGS INC的营收复合增速更高（-7.2% vs -12.3%）
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。
安森美半导体旗下原仙童半导体是总部位于美国加利福尼亚州圣何塞的半导体企业，1957年由从肖克利半导体实验室离职的“八叛逆”创立，是晶体管和集成电路制造领域的先驱，曾历经多次股权变更，1997年再度独立运营后并入安森美。
AXL vs ON — 直观对比
营收规模更大
ON
是对方的1.1倍
$1.4B
营收增速更快
AXL
高出10.2%
-10.0%
净利率更高
ON
高出21.9%
-5.4%
自由现金流更多
ON
多$317.7M
$54.7M
两年增速更快
AXL
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $-75.3M | $255.0M |
| 毛利率 | 10.2% | 37.9% |
| 营业利润率 | -2.4% | 17.0% |
| 净利率 | -5.4% | 16.4% |
| 营收同比 | 0.2% | -10.0% |
| 净利润同比 | -449.6% | -32.9% |
| 每股收益（稀释后） | $-0.62 | $0.63 |
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AXLON
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.6B | $1.9B |
净利润AXLON
| Q4 25 | $-75.3M | $255.0M | ||
| Q3 25 | $9.2M | $170.3M | ||
| Q2 25 | $39.3M | $-486.1M | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $-13.7M | $379.9M | ||
| Q3 24 | $10.0M | $401.7M | ||
| Q2 24 | $18.2M | $338.2M | ||
| Q1 24 | $20.5M | $453.0M |
毛利率AXLON
| Q4 25 | 10.2% | 37.9% | ||
| Q3 25 | 12.6% | 37.6% | ||
| Q2 25 | 13.1% | 20.3% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | 45.2% | ||
| Q3 24 | 11.4% | 45.4% | ||
| Q2 24 | 13.3% | 45.2% | ||
| Q1 24 | 12.4% | 45.8% |
营业利润率AXLON
| Q4 25 | -2.4% | 17.0% | ||
| Q3 25 | 3.2% | 13.2% | ||
| Q2 25 | 3.6% | -39.7% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | 23.7% | ||
| Q3 24 | 2.8% | 25.3% | ||
| Q2 24 | 5.3% | 22.4% | ||
| Q1 24 | 4.8% | 28.2% |
净利率AXLON
| Q4 25 | -5.4% | 16.4% | ||
| Q3 25 | 0.6% | 11.6% | ||
| Q2 25 | 2.6% | -33.6% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | -1.0% | 22.1% | ||
| Q3 24 | 0.7% | 22.8% | ||
| Q2 24 | 1.1% | 19.5% | ||
| Q1 24 | 1.3% | 24.3% |
每股收益（稀释后）AXLON
| Q4 25 | $-0.62 | $0.63 | ||
| Q3 25 | $0.07 | $0.41 | ||
| Q2 25 | $0.32 | $-1.15 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.11 | $0.88 | ||
| Q3 24 | $0.08 | $0.93 | ||
| Q2 24 | $0.15 | $0.78 | ||
| Q1 24 | $0.17 | $1.04 |
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 | $2.9B |
| 总债务越低越好 | $4.0B | $3.4B |
| 股东权益账面价值 | $640.0M | $7.9B |
| 总资产 | $6.7B | $13.0B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资AXLON
| Q4 25 | $708.9M | $2.9B | ||
| Q3 25 | $714.1M | $2.8B | ||
| Q2 25 | $586.5M | $3.0B | ||
| Q1 25 | $549.2M | — | ||
| Q4 24 | $552.9M | $3.0B | ||
| Q3 24 | $542.5M | $2.8B | ||
| Q2 24 | $519.9M | $2.7B | ||
| Q1 24 | $469.8M | $2.6B |
总债务AXLON
| Q4 25 | $4.0B | $3.4B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.6B | $3.4B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.6B | $3.4B | ||
| Q2 24 | $2.7B | $3.4B | ||
| Q1 24 | $2.7B | $3.4B |
股东权益AXLON
| Q4 25 | $640.0M | $7.9B | ||
| Q3 25 | $718.4M | $7.9B | ||
| Q2 25 | $673.0M | $8.0B | ||
| Q1 25 | $596.3M | — | ||
| Q4 24 | $562.8M | $8.8B | ||
| Q3 24 | $616.3M | $8.6B | ||
| Q2 24 | $609.6M | $8.3B | ||
| Q1 24 | $621.4M | $8.1B |
总资产AXLON
| Q4 25 | $6.7B | $13.0B | ||
| Q3 25 | $5.3B | $13.1B | ||
| Q2 25 | $5.3B | $13.3B | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | $14.1B | ||
| Q3 24 | $5.3B | $13.9B | ||
| Q2 24 | $5.3B | $13.7B | ||
| Q1 24 | $5.4B | $13.5B |
负债/权益比AXLON
| Q4 25 | 6.31× | 0.43× | ||
| Q3 25 | 3.61× | 0.43× | ||
| Q2 25 | 3.86× | 0.42× | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 0.38× | ||
| Q3 24 | 4.28× | 0.39× | ||
| Q2 24 | 4.42× | 0.41× | ||
| Q1 24 | 4.40× | 0.42× |
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 | $418.7M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $372.4M |
| 自由现金流率自由现金流/营收 | 4.0% | 24.0% |
| 资本支出强度资本支出/营收 | 4.8% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.64× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AXLON
| Q4 25 | $120.5M | $418.7M | ||
| Q3 25 | $143.3M | $184.3M | ||
| Q2 25 | $91.9M | $602.3M | ||
| Q1 25 | $55.9M | — | ||
| Q4 24 | $151.2M | $579.7M | ||
| Q3 24 | $143.6M | $465.8M | ||
| Q2 24 | $142.8M | $362.2M | ||
| Q1 24 | $17.8M | $498.7M |
自由现金流AXLON
| Q4 25 | $54.7M | $372.4M | ||
| Q3 25 | $79.2M | $106.1M | ||
| Q2 25 | $34.6M | $454.7M | ||
| Q1 25 | $-13.4M | — | ||
| Q4 24 | $73.2M | $434.8M | ||
| Q3 24 | $70.4M | $293.6M | ||
| Q2 24 | $94.0M | $207.7M | ||
| Q1 24 | $-30.2M | $276.3M |
自由现金流率AXLON
| Q4 25 | 4.0% | 24.0% | ||
| Q3 25 | 5.3% | 7.2% | ||
| Q2 25 | 2.3% | 31.5% | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 5.3% | 25.2% | ||
| Q3 24 | 4.7% | 16.7% | ||
| Q2 24 | 5.8% | 12.0% | ||
| Q1 24 | -1.9% | 14.8% |
资本支出强度AXLON
| Q4 25 | 4.8% | 3.0% | ||
| Q3 25 | 4.3% | 5.3% | ||
| Q2 25 | 3.7% | 10.2% | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.6% | 8.4% | ||
| Q3 24 | 4.9% | 9.8% | ||
| Q2 24 | 3.0% | 8.9% | ||
| Q1 24 | 3.0% | 11.9% |
现金转化率AXLON
| Q4 25 | — | 1.64× | ||
| Q3 25 | 15.58× | 1.08× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | 14.36× | 1.16× | ||
| Q2 24 | 7.85× | 1.07× | ||
| Q1 24 | 0.87× | 1.10× |
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% |
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
