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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.9倍（$2.7B vs $1.4B），QVC Group, Inc.净利率更高（-1.4% vs -5.4%，领先4.1%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $54.7M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
AXL vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.9倍
$1.4B
营收增速更快
AXL
高出9.3%
-9.1%
净利率更高
QVCGA
高出4.1%
-5.4%
自由现金流更多
QVCGA
多$136.3M
$54.7M
两年增速更快
QVCGA
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $-75.3M | $-37.0M |
| 毛利率 | 10.2% | 32.9% |
| 营业利润率 | -2.4% | 3.7% |
| 净利率 | -5.4% | -1.4% |
| 营收同比 | 0.2% | -9.1% |
| 净利润同比 | -449.6% | 97.1% |
| 每股收益（稀释后） | $-0.62 | $-17.37 |
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AXLQVCGA
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.6B | $2.3B |
净利润AXLQVCGA
| Q4 25 | $-75.3M | $-37.0M | ||
| Q3 25 | $9.2M | $-80.0M | ||
| Q2 25 | $39.3M | $-2.2B | ||
| Q1 25 | $7.1M | $-100.0M | ||
| Q4 24 | $-13.7M | $-1.3B | ||
| Q3 24 | $10.0M | $-23.0M | ||
| Q2 24 | $18.2M | $20.0M | ||
| Q1 24 | $20.5M | $-1.0M |
毛利率AXLQVCGA
| Q4 25 | 10.2% | 32.9% | ||
| Q3 25 | 12.6% | 34.0% | ||
| Q2 25 | 13.1% | 36.4% | ||
| Q1 25 | 12.3% | 34.2% | ||
| Q4 24 | 11.2% | 33.3% | ||
| Q3 24 | 11.4% | 35.3% | ||
| Q2 24 | 13.3% | 36.4% | ||
| Q1 24 | 12.4% | 35.5% |
营业利润率AXLQVCGA
| Q4 25 | -2.4% | 3.7% | ||
| Q3 25 | 3.2% | 2.7% | ||
| Q2 25 | 3.6% | -101.6% | ||
| Q1 25 | 3.0% | 0.7% | ||
| Q4 24 | 2.6% | -43.2% | ||
| Q3 24 | 2.8% | 6.5% | ||
| Q2 24 | 5.3% | 6.9% | ||
| Q1 24 | 4.8% | 6.2% |
净利率AXLQVCGA
| Q4 25 | -5.4% | -1.4% | ||
| Q3 25 | 0.6% | -3.6% | ||
| Q2 25 | 2.6% | -99.4% | ||
| Q1 25 | 0.5% | -4.8% | ||
| Q4 24 | -1.0% | -43.7% | ||
| Q3 24 | 0.7% | -1.0% | ||
| Q2 24 | 1.1% | 0.8% | ||
| Q1 24 | 1.3% | -0.0% |
每股收益（稀释后）AXLQVCGA
| Q4 25 | $-0.62 | $-17.37 | ||
| Q3 25 | $0.07 | $-9.89 | ||
| Q2 25 | $0.32 | $-275.46 | ||
| Q1 25 | $0.06 | $-0.25 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | $-0.06 | ||
| Q2 24 | $0.15 | $2.57 | ||
| Q1 24 | $0.17 | — |
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 | $2.0B |
| 总债务越低越好 | $4.0B | $790.0M |
| 股东权益账面价值 | $640.0M | $-3.1B |
| 总资产 | $6.7B | $7.6B |
| 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AXLQVCGA
| Q4 25 | $708.9M | $2.0B | ||
| Q3 25 | $714.1M | $1.8B | ||
| Q2 25 | $586.5M | $897.0M | ||
| Q1 25 | $549.2M | $833.0M | ||
| Q4 24 | $552.9M | $905.0M | ||
| Q3 24 | $542.5M | $873.0M | ||
| Q2 24 | $519.9M | $1.2B | ||
| Q1 24 | $469.8M | $1.1B |
总债务AXLQVCGA
| Q4 25 | $4.0B | $790.0M | ||
| Q3 25 | $2.6B | $5.9B | ||
| Q2 25 | $2.6B | $4.9B | ||
| Q1 25 | $2.6B | $5.0B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.6B | $5.1B | ||
| Q2 24 | $2.7B | $5.3B | ||
| Q1 24 | $2.7B | $5.5B |
股东权益AXLQVCGA
| Q4 25 | $640.0M | $-3.1B | ||
| Q3 25 | $718.4M | $-3.1B | ||
| Q2 25 | $673.0M | $-3.0B | ||
| Q1 25 | $596.3M | $-981.0M | ||
| Q4 24 | $562.8M | $-971.0M | ||
| Q3 24 | $616.3M | $397.0M | ||
| Q2 24 | $609.6M | $328.0M | ||
| Q1 24 | $621.4M | $255.0M |
总资产AXLQVCGA
| Q4 25 | $6.7B | $7.6B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $6.7B | ||
| Q1 25 | $5.1B | $9.0B | ||
| Q4 24 | $5.1B | $9.2B | ||
| Q3 24 | $5.3B | $10.8B | ||
| Q2 24 | $5.3B | $10.9B | ||
| Q1 24 | $5.4B | $11.0B |
负债/权益比AXLQVCGA
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | 12.74× | ||
| Q2 24 | 4.42× | 16.28× | ||
| Q1 24 | 4.40× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $191.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 7.1% |
| 资本支出强度资本支出/营收 | 4.8% | 2.0% |
| 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 | $118.0M |
8季度趋势，按日历期对齐
经营现金流AXLQVCGA
| Q4 25 | $120.5M | $244.0M | ||
| Q3 25 | $143.3M | $4.0M | ||
| Q2 25 | $91.9M | $86.0M | ||
| Q1 25 | $55.9M | $-60.0M | ||
| Q4 24 | $151.2M | $212.0M | ||
| Q3 24 | $143.6M | $20.0M | ||
| Q2 24 | $142.8M | $267.0M | ||
| Q1 24 | $17.8M | $26.0M |
自由现金流AXLQVCGA
| Q4 25 | $54.7M | $191.0M | ||
| Q3 25 | $79.2M | $-27.0M | ||
| Q2 25 | $34.6M | $48.0M | ||
| Q1 25 | $-13.4M | $-94.0M | ||
| Q4 24 | $73.2M | $150.0M | ||
| Q3 24 | $70.4M | $-23.0M | ||
| Q2 24 | $94.0M | $213.0M | ||
| Q1 24 | $-30.2M | $-14.0M |
自由现金流率AXLQVCGA
| Q4 25 | 4.0% | 7.1% | ||
| Q3 25 | 5.3% | -1.2% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | -0.9% | -4.5% | ||
| Q4 24 | 5.3% | 5.1% | ||
| Q3 24 | 4.7% | -1.0% | ||
| Q2 24 | 5.8% | 8.8% | ||
| Q1 24 | -1.9% | -0.6% |
资本支出强度AXLQVCGA
| Q4 25 | 4.8% | 2.0% | ||
| Q3 25 | 4.3% | 1.4% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 4.9% | 1.6% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 4.9% | 1.8% | ||
| Q2 24 | 3.0% | 2.2% | ||
| Q1 24 | 3.0% | 1.7% |
现金转化率AXLQVCGA
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | 13.35× | ||
| Q1 24 | 0.87× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
