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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与PLEXUS CORP（PLXS）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PLEXUS CORP的1.2倍（$1.4B vs $1.2B），PLEXUS CORP净利率更高（4.3% vs -5.4%，领先9.7%），PLEXUS CORP同比增速更快（18.7% vs 0.2%），过去两年PLEXUS CORP的营收复合增速更高（7.2% 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。
Plexus Corp是总部位于美国密歇根州特洛伊市的软件企业，专注于开发及推广Plex制造云产品，这是一款面向制造行业的SaaS模式云计算ERP解决方案，可助力制造企业实现数字化运营管理升级。
AXL vs PLXS — 直观对比
营收规模更大
AXL
是对方的1.2倍
$1.2B
营收增速更快
PLXS
高出18.5%
0.2%
净利率更高
PLXS
高出9.7%
-5.4%
两年增速更快
PLXS
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-75.3M | $49.8M |
| 毛利率 | 10.2% | 10.2% |
| 营业利润率 | -2.4% | 5.3% |
| 净利率 | -5.4% | 4.3% |
| 营收同比 | 0.2% | 18.7% |
| 净利润同比 | -449.6% | 27.5% |
| 每股收益（稀释后） | $-0.62 | $1.82 |
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AXLPLXS
| Q2 26 | — | $1.2B | ||
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | — |
净利润AXLPLXS
| Q2 26 | — | $49.8M | ||
| Q1 26 | — | $41.2M | ||
| Q4 25 | $-75.3M | — | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $39.3M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $10.0M | — |
毛利率AXLPLXS
| Q2 26 | — | 10.2% | ||
| Q1 26 | — | 9.9% | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.4% | — |
营业利润率AXLPLXS
| Q2 26 | — | 5.3% | ||
| Q1 26 | — | 5.1% | ||
| Q4 25 | -2.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — |
净利率AXLPLXS
| Q2 26 | — | 4.3% | ||
| Q1 26 | — | 3.8% | ||
| Q4 25 | -5.4% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | 0.7% | — |
每股收益（稀释后）AXLPLXS
| Q2 26 | — | $1.82 | ||
| Q1 26 | — | $1.51 | ||
| Q4 25 | $-0.62 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | — |
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 | $303.1M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $1.5B |
| 总资产 | $6.7B | $3.4B |
| 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AXLPLXS
| Q2 26 | — | $303.1M | ||
| Q1 26 | — | $248.8M | ||
| Q4 25 | $708.9M | — | ||
| Q3 25 | $714.1M | — | ||
| Q2 25 | $586.5M | — | ||
| Q1 25 | $549.2M | — | ||
| Q4 24 | $552.9M | — | ||
| Q3 24 | $542.5M | — |
总债务AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — |
股东权益AXLPLXS
| Q2 26 | — | $1.5B | ||
| Q1 26 | — | $1.5B | ||
| Q4 25 | $640.0M | — | ||
| Q3 25 | $718.4M | — | ||
| Q2 25 | $673.0M | — | ||
| Q1 25 | $596.3M | — | ||
| Q4 24 | $562.8M | — | ||
| Q3 24 | $616.3M | — |
总资产AXLPLXS
| Q2 26 | — | $3.4B | ||
| Q1 26 | — | $3.2B | ||
| Q4 25 | $6.7B | — | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | — |
负债/权益比AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | — |
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AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | — | ||
| Q3 25 | $143.3M | — | ||
| Q2 25 | $91.9M | — | ||
| Q1 25 | $55.9M | — | ||
| Q4 24 | $151.2M | — | ||
| Q3 24 | $143.6M | — |
自由现金流AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | — | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | — | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $70.4M | — |
自由现金流率AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.7% | — |
资本支出强度AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.9% | — |
现金转化率AXLPLXS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — |
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% |
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
