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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.7倍（$2.3B vs $1.4B），PPL Corporation净利率更高（11.3% vs -5.4%，领先16.8%），PPL Corporation同比增速更快（7.2% vs 0.2%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC自由现金流更多（$54.7M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
AXL vs PPL — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.4B
营收增速更快
PPL
高出7.0%
0.2%
净利率更高
PPL
高出16.8%
-5.4%
自由现金流更多
AXL
多$668.7M
$-614.0M
两年增速更快
PPL
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.3B |
| 净利润 | $-75.3M | $266.0M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 20.3% |
| 净利率 | -5.4% | 11.3% |
| 营收同比 | 0.2% | 7.2% |
| 净利润同比 | -449.6% | 50.3% |
| 每股收益（稀释后） | $-0.62 | $0.35 |
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AXLPPL
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.6B | $2.3B |
净利润AXLPPL
| Q4 25 | $-75.3M | $266.0M | ||
| Q3 25 | $9.2M | $318.0M | ||
| Q2 25 | $39.3M | $183.0M | ||
| Q1 25 | $7.1M | $414.0M | ||
| Q4 24 | $-13.7M | $177.0M | ||
| Q3 24 | $10.0M | $214.0M | ||
| Q2 24 | $18.2M | $190.0M | ||
| Q1 24 | $20.5M | $307.0M |
毛利率AXLPPL
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 13.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率AXLPPL
| Q4 25 | -2.4% | 20.3% | ||
| Q3 25 | 3.2% | 25.4% | ||
| Q2 25 | 3.6% | 19.9% | ||
| Q1 25 | 3.0% | 26.6% | ||
| Q4 24 | 2.6% | 17.2% | ||
| Q3 24 | 2.8% | 20.6% | ||
| Q2 24 | 5.3% | 20.8% | ||
| Q1 24 | 4.8% | 23.7% |
净利率AXLPPL
| Q4 25 | -5.4% | 11.3% | ||
| Q3 25 | 0.6% | 14.2% | ||
| Q2 25 | 2.6% | 9.0% | ||
| Q1 25 | 0.5% | 16.3% | ||
| Q4 24 | -1.0% | 8.1% | ||
| Q3 24 | 0.7% | 10.3% | ||
| Q2 24 | 1.1% | 10.1% | ||
| Q1 24 | 1.3% | 13.3% |
每股收益（稀释后）AXLPPL
| Q4 25 | $-0.62 | $0.35 | ||
| Q3 25 | $0.07 | $0.43 | ||
| Q2 25 | $0.32 | $0.25 | ||
| Q1 25 | $0.06 | $0.56 | ||
| Q4 24 | $-0.11 | $0.23 | ||
| Q3 24 | $0.08 | $0.29 | ||
| Q2 24 | $0.15 | $0.26 | ||
| Q1 24 | $0.17 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $4.0B | $18.9B |
| 股东权益账面价值 | $640.0M | $14.9B |
| 总资产 | $6.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资AXLPPL
| Q4 25 | $708.9M | $1.1B | ||
| Q3 25 | $714.1M | $1.1B | ||
| Q2 25 | $586.5M | $294.0M | ||
| Q1 25 | $549.2M | $312.0M | ||
| Q4 24 | $552.9M | $306.0M | ||
| Q3 24 | $542.5M | $542.0M | ||
| Q2 24 | $519.9M | $282.0M | ||
| Q1 24 | $469.8M | $276.0M |
总债务AXLPPL
| Q4 25 | $4.0B | $18.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $16.5B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益AXLPPL
| Q4 25 | $640.0M | $14.9B | ||
| Q3 25 | $718.4M | $14.4B | ||
| Q2 25 | $673.0M | $14.3B | ||
| Q1 25 | $596.3M | $14.3B | ||
| Q4 24 | $562.8M | $14.1B | ||
| Q3 24 | $616.3M | $14.1B | ||
| Q2 24 | $609.6M | $14.1B | ||
| Q1 24 | $621.4M | $14.1B |
总资产AXLPPL
| Q4 25 | $6.7B | $45.2B | ||
| Q3 25 | $5.3B | $43.9B | ||
| Q2 25 | $5.3B | $42.4B | ||
| Q1 25 | $5.1B | $41.8B | ||
| Q4 24 | $5.1B | $41.1B | ||
| Q3 24 | $5.3B | $40.5B | ||
| Q2 24 | $5.3B | $39.8B | ||
| Q1 24 | $5.4B | $39.6B |
负债/权益比AXLPPL
| Q4 25 | 6.31× | 1.27× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 1.17× | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | — | ||
| Q1 24 | 4.40× | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $-614.0M |
| 自由现金流率自由现金流/营收 | 4.0% | -26.1% |
| 资本支出强度资本支出/营收 | 4.8% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 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AXLPPL
| Q4 25 | $120.5M | $548.0M | ||
| Q3 25 | $143.3M | $966.0M | ||
| Q2 25 | $91.9M | $602.0M | ||
| Q1 25 | $55.9M | $513.0M | ||
| Q4 24 | $151.2M | $511.0M | ||
| Q3 24 | $143.6M | $781.0M | ||
| Q2 24 | $142.8M | $766.0M | ||
| Q1 24 | $17.8M | $282.0M |
自由现金流AXLPPL
| Q4 25 | $54.7M | $-614.0M | ||
| Q3 25 | $79.2M | $-179.0M | ||
| Q2 25 | $34.6M | $-328.0M | ||
| Q1 25 | $-13.4M | $-280.0M | ||
| Q4 24 | $73.2M | $-349.0M | ||
| Q3 24 | $70.4M | $102.0M | ||
| Q2 24 | $94.0M | $96.0M | ||
| Q1 24 | $-30.2M | $-314.0M |
自由现金流率AXLPPL
| Q4 25 | 4.0% | -26.1% | ||
| Q3 25 | 5.3% | -8.0% | ||
| Q2 25 | 2.3% | -16.1% | ||
| Q1 25 | -0.9% | -11.0% | ||
| Q4 24 | 5.3% | -15.9% | ||
| Q3 24 | 4.7% | 4.9% | ||
| Q2 24 | 5.8% | 5.1% | ||
| Q1 24 | -1.9% | -13.6% |
资本支出强度AXLPPL
| Q4 25 | 4.8% | 49.5% | ||
| Q3 25 | 4.3% | 51.2% | ||
| Q2 25 | 3.7% | 45.6% | ||
| Q1 25 | 4.9% | 31.2% | ||
| Q4 24 | 5.6% | 39.3% | ||
| Q3 24 | 4.9% | 32.7% | ||
| Q2 24 | 3.0% | 35.8% | ||
| Q1 24 | 3.0% | 25.9% |
现金转化率AXLPPL
| Q4 25 | — | 2.06× | ||
| Q3 25 | 15.58× | 3.04× | ||
| Q2 25 | 2.34× | 3.29× | ||
| Q1 25 | 7.87× | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 14.36× | 3.65× | ||
| Q2 24 | 7.85× | 4.03× | ||
| Q1 24 | 0.87× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
