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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与OPEN TEXT CORP（OTEX）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OPEN TEXT CORP的1.0倍（$1.4B vs $1.3B），OPEN TEXT CORP净利率更高（12.7% vs -5.4%，领先18.1%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $54.7M），过去两年OPEN TEXT CORP的营收复合增速更高（-4.3% 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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
AXL vs OTEX — 直观对比
营收规模更大
AXL
是对方的1.0倍
$1.3B
营收增速更快
AXL
高出0.8%
-0.6%
净利率更高
OTEX
高出18.1%
-5.4%
自由现金流更多
OTEX
多$224.7M
$54.7M
两年增速更快
OTEX
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $-75.3M | $168.1M |
| 毛利率 | 10.2% | 74.0% |
| 营业利润率 | -2.4% | 22.0% |
| 净利率 | -5.4% | 12.7% |
| 营收同比 | 0.2% | -0.6% |
| 净利润同比 | -449.6% | -26.9% |
| 每股收益（稀释后） | $-0.62 | $0.66 |
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AXLOTEX
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.6B | $1.4B |
净利润AXLOTEX
| Q4 25 | $-75.3M | $168.1M | ||
| Q3 25 | $9.2M | $146.6M | ||
| Q2 25 | $39.3M | $28.8M | ||
| Q1 25 | $7.1M | $92.8M | ||
| Q4 24 | $-13.7M | $229.9M | ||
| Q3 24 | $10.0M | $84.4M | ||
| Q2 24 | $18.2M | $248.2M | ||
| Q1 24 | $20.5M | $98.3M |
毛利率AXLOTEX
| Q4 25 | 10.2% | 74.0% | ||
| Q3 25 | 12.6% | 72.8% | ||
| Q2 25 | 13.1% | 72.3% | ||
| Q1 25 | 12.3% | 71.6% | ||
| Q4 24 | 11.2% | 73.3% | ||
| Q3 24 | 11.4% | 71.7% | ||
| Q2 24 | 13.3% | 72.5% | ||
| Q1 24 | 12.4% | 73.0% |
营业利润率AXLOTEX
| Q4 25 | -2.4% | 22.0% | ||
| Q3 25 | 3.2% | 21.0% | ||
| Q2 25 | 3.6% | 13.9% | ||
| Q1 25 | 3.0% | 16.7% | ||
| Q4 24 | 2.6% | 22.2% | ||
| Q3 24 | 2.8% | 16.3% | ||
| Q2 24 | 5.3% | 14.2% | ||
| Q1 24 | 4.8% | 15.7% |
净利率AXLOTEX
| Q4 25 | -5.4% | 12.7% | ||
| Q3 25 | 0.6% | 11.4% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 0.5% | 7.4% | ||
| Q4 24 | -1.0% | 17.2% | ||
| Q3 24 | 0.7% | 6.6% | ||
| Q2 24 | 1.1% | 18.2% | ||
| Q1 24 | 1.3% | 6.8% |
每股收益（稀释后）AXLOTEX
| Q4 25 | $-0.62 | $0.66 | ||
| Q3 25 | $0.07 | $0.58 | ||
| Q2 25 | $0.32 | $0.11 | ||
| Q1 25 | $0.06 | $0.35 | ||
| Q4 24 | $-0.11 | $0.87 | ||
| Q3 24 | $0.08 | $0.32 | ||
| Q2 24 | $0.15 | $0.91 | ||
| Q1 24 | $0.17 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | $4.0B | $6.4B |
| 股东权益账面价值 | $640.0M | $4.0B |
| 总资产 | $6.7B | $13.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资AXLOTEX
| Q4 25 | $708.9M | $1.3B | ||
| Q3 25 | $714.1M | $1.1B | ||
| Q2 25 | $586.5M | $1.2B | ||
| Q1 25 | $549.2M | $1.3B | ||
| Q4 24 | $552.9M | $1.1B | ||
| Q3 24 | $542.5M | $1.0B | ||
| Q2 24 | $519.9M | $1.3B | ||
| Q1 24 | $469.8M | $1.1B |
总债务AXLOTEX
| Q4 25 | $4.0B | $6.4B | ||
| Q3 25 | $2.6B | $6.4B | ||
| Q2 25 | $2.6B | $6.4B | ||
| Q1 25 | $2.6B | $6.4B | ||
| Q4 24 | $2.6B | $6.4B | ||
| Q3 24 | $2.6B | $6.4B | ||
| Q2 24 | $2.7B | $6.4B | ||
| Q1 24 | $2.7B | $8.4B |
股东权益AXLOTEX
| Q4 25 | $640.0M | $4.0B | ||
| Q3 25 | $718.4M | $4.0B | ||
| Q2 25 | $673.0M | $3.9B | ||
| Q1 25 | $596.3M | $4.1B | ||
| Q4 24 | $562.8M | $4.2B | ||
| Q3 24 | $616.3M | $4.1B | ||
| Q2 24 | $609.6M | $4.2B | ||
| Q1 24 | $621.4M | $4.1B |
总资产AXLOTEX
| Q4 25 | $6.7B | $13.6B | ||
| Q3 25 | $5.3B | $13.5B | ||
| Q2 25 | $5.3B | $13.8B | ||
| Q1 25 | $5.1B | $13.8B | ||
| Q4 24 | $5.1B | $13.7B | ||
| Q3 24 | $5.3B | $13.8B | ||
| Q2 24 | $5.3B | $14.2B | ||
| Q1 24 | $5.4B | $16.4B |
负债/权益比AXLOTEX
| Q4 25 | 6.31× | 1.58× | ||
| Q3 25 | 3.61× | 1.61× | ||
| Q2 25 | 3.86× | 1.62× | ||
| Q1 25 | 4.38× | 1.55× | ||
| Q4 24 | 4.58× | 1.51× | ||
| Q3 24 | 4.28× | 1.55× | ||
| Q2 24 | 4.42× | 1.52× | ||
| Q1 24 | 4.40× | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $279.4M |
| 自由现金流率自由现金流/营收 | 4.0% | 21.1% |
| 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 | — | 1.90× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $878.5M |
8季度趋势，按日历期对齐
经营现金流AXLOTEX
| Q4 25 | $120.5M | $318.7M | ||
| Q3 25 | $143.3M | $147.8M | ||
| Q2 25 | $91.9M | $158.2M | ||
| Q1 25 | $55.9M | $402.2M | ||
| Q4 24 | $151.2M | $348.0M | ||
| Q3 24 | $143.6M | $-77.8M | ||
| Q2 24 | $142.8M | $185.2M | ||
| Q1 24 | $17.8M | $384.7M |
自由现金流AXLOTEX
| Q4 25 | $54.7M | $279.4M | ||
| Q3 25 | $79.2M | $101.2M | ||
| Q2 25 | $34.6M | $124.0M | ||
| Q1 25 | $-13.4M | $373.8M | ||
| Q4 24 | $73.2M | $306.7M | ||
| Q3 24 | $70.4M | $-117.1M | ||
| Q2 24 | $94.0M | $145.2M | ||
| Q1 24 | $-30.2M | $348.2M |
自由现金流率AXLOTEX
| Q4 25 | 4.0% | 21.1% | ||
| Q3 25 | 5.3% | 7.9% | ||
| Q2 25 | 2.3% | 9.5% | ||
| Q1 25 | -0.9% | 29.8% | ||
| Q4 24 | 5.3% | 23.0% | ||
| Q3 24 | 4.7% | -9.2% | ||
| Q2 24 | 5.8% | 10.7% | ||
| Q1 24 | -1.9% | 24.1% |
资本支出强度AXLOTEX
| Q4 25 | 4.8% | 3.0% | ||
| Q3 25 | 4.3% | 3.6% | ||
| Q2 25 | 3.7% | 2.6% | ||
| Q1 25 | 4.9% | 2.3% | ||
| Q4 24 | 5.6% | 3.1% | ||
| Q3 24 | 4.9% | 3.1% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 3.0% | 2.5% |
现金转化率AXLOTEX
| Q4 25 | — | 1.90× | ||
| Q3 25 | 15.58× | 1.01× | ||
| Q2 25 | 2.34× | 5.49× | ||
| Q1 25 | 7.87× | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 14.36× | -0.92× | ||
| Q2 24 | 7.85× | 0.75× | ||
| Q1 24 | 0.87× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
