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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与越洋钻探（RIG）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的季度营收约是越洋钻探的1.3倍（$1.4B vs $1.0B），越洋钻探净利率更高（2.4% vs -5.4%，领先7.8%），越洋钻探同比增速更快（9.6% vs 0.2%），越洋钻探自由现金流更多（$321.0M vs $54.7M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
AXL vs RIG — 直观对比
营收规模更大
AXL
是对方的1.3倍
$1.0B
营收增速更快
RIG
高出9.3%
0.2%
净利率更高
RIG
高出7.8%
-5.4%
自由现金流更多
RIG
多$266.3M
$54.7M
两年增速更快
RIG
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $-75.3M | $25.0M |
| 毛利率 | 10.2% | 42.0% |
| 营业利润率 | -2.4% | 23.0% |
| 净利率 | -5.4% | 2.4% |
| 营收同比 | 0.2% | 9.6% |
| 净利润同比 | -449.6% | 257.1% |
| 每股收益（稀释后） | $-0.62 | $0.13 |
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AXLRIG
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $988.0M | ||
| Q1 25 | $1.4B | $906.0M | ||
| Q4 24 | $1.4B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.6B | $763.0M |
净利润AXLRIG
| Q4 25 | $-75.3M | $25.0M | ||
| Q3 25 | $9.2M | $-1.9B | ||
| Q2 25 | $39.3M | $-938.0M | ||
| Q1 25 | $7.1M | $-79.0M | ||
| Q4 24 | $-13.7M | $7.0M | ||
| Q3 24 | $10.0M | $-494.0M | ||
| Q2 24 | $18.2M | $-123.0M | ||
| Q1 24 | $20.5M | $98.0M |
毛利率AXLRIG
| Q4 25 | 10.2% | 42.0% | ||
| Q3 25 | 12.6% | 43.2% | ||
| Q2 25 | 13.1% | 39.4% | ||
| Q1 25 | 12.3% | 31.8% | ||
| Q4 24 | 11.2% | 39.2% | ||
| Q3 24 | 11.4% | 40.6% | ||
| Q2 24 | 13.3% | 38.0% | ||
| Q1 24 | 12.4% | 31.5% |
营业利润率AXLRIG
| Q4 25 | -2.4% | 23.0% | ||
| Q3 25 | 3.2% | -163.1% | ||
| Q2 25 | 3.6% | -97.6% | ||
| Q1 25 | 3.0% | 7.1% | ||
| Q4 24 | 2.6% | 13.7% | ||
| Q3 24 | 2.8% | -51.2% | ||
| Q2 24 | 5.3% | -6.9% | ||
| Q1 24 | 4.8% | -0.4% |
净利率AXLRIG
| Q4 25 | -5.4% | 2.4% | ||
| Q3 25 | 0.6% | -187.1% | ||
| Q2 25 | 2.6% | -94.9% | ||
| Q1 25 | 0.5% | -8.7% | ||
| Q4 24 | -1.0% | 0.7% | ||
| Q3 24 | 0.7% | -52.1% | ||
| Q2 24 | 1.1% | -14.3% | ||
| Q1 24 | 1.3% | 12.8% |
每股收益（稀释后）AXLRIG
| Q4 25 | $-0.62 | $0.13 | ||
| Q3 25 | $0.07 | $-2.00 | ||
| Q2 25 | $0.32 | $-1.06 | ||
| Q1 25 | $0.06 | $-0.11 | ||
| Q4 24 | $-0.11 | $-0.14 | ||
| Q3 24 | $0.08 | $-0.58 | ||
| Q2 24 | $0.15 | $-0.15 | ||
| Q1 24 | $0.17 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $4.0B | $5.2B |
| 股东权益账面价值 | $640.0M | $8.1B |
| 总资产 | $6.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AXLRIG
| Q4 25 | $708.9M | $620.0M | ||
| Q3 25 | $714.1M | $833.0M | ||
| Q2 25 | $586.5M | $377.0M | ||
| Q1 25 | $549.2M | $263.0M | ||
| Q4 24 | $552.9M | $560.0M | ||
| Q3 24 | $542.5M | $435.0M | ||
| Q2 24 | $519.9M | $475.0M | ||
| Q1 24 | $469.8M | $446.0M |
总债务AXLRIG
| Q4 25 | $4.0B | $5.2B | ||
| Q3 25 | $2.6B | $4.8B | ||
| Q2 25 | $2.6B | $5.9B | ||
| Q1 25 | $2.6B | $5.9B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | $2.6B | $6.5B | ||
| Q2 24 | $2.7B | $6.8B | ||
| Q1 24 | $2.7B | $6.8B |
股东权益AXLRIG
| Q4 25 | $640.0M | $8.1B | ||
| Q3 25 | $718.4M | $8.1B | ||
| Q2 25 | $673.0M | $9.4B | ||
| Q1 25 | $596.3M | $10.2B | ||
| Q4 24 | $562.8M | $10.3B | ||
| Q3 24 | $616.3M | $10.2B | ||
| Q2 24 | $609.6M | $10.7B | ||
| Q1 24 | $621.4M | $10.5B |
总资产AXLRIG
| Q4 25 | $6.7B | $15.6B | ||
| Q3 25 | $5.3B | $16.2B | ||
| Q2 25 | $5.3B | $17.8B | ||
| Q1 25 | $5.1B | $19.0B | ||
| Q4 24 | $5.1B | $19.4B | ||
| Q3 24 | $5.3B | $19.5B | ||
| Q2 24 | $5.3B | $20.3B | ||
| Q1 24 | $5.4B | $19.9B |
负债/权益比AXLRIG
| Q4 25 | 6.31× | 0.64× | ||
| Q3 25 | 3.61× | 0.60× | ||
| Q2 25 | 3.86× | 0.63× | ||
| Q1 25 | 4.38× | 0.58× | ||
| Q4 24 | 4.58× | 0.60× | ||
| Q3 24 | 4.28× | 0.64× | ||
| Q2 24 | 4.42× | 0.63× | ||
| Q1 24 | 4.40× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $321.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 30.8% |
| 资本支出强度资本支出/营收 | 4.8% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $626.0M |
8季度趋势，按日历期对齐
经营现金流AXLRIG
| Q4 25 | $120.5M | $349.0M | ||
| Q3 25 | $143.3M | $246.0M | ||
| Q2 25 | $91.9M | $128.0M | ||
| Q1 25 | $55.9M | $26.0M | ||
| Q4 24 | $151.2M | $206.0M | ||
| Q3 24 | $143.6M | $194.0M | ||
| Q2 24 | $142.8M | $133.0M | ||
| Q1 24 | $17.8M | $-86.0M |
自由现金流AXLRIG
| Q4 25 | $54.7M | $321.0M | ||
| Q3 25 | $79.2M | $235.0M | ||
| Q2 25 | $34.6M | $104.0M | ||
| Q1 25 | $-13.4M | $-34.0M | ||
| Q4 24 | $73.2M | $177.0M | ||
| Q3 24 | $70.4M | $136.0M | ||
| Q2 24 | $94.0M | $49.0M | ||
| Q1 24 | $-30.2M | $-169.0M |
自由现金流率AXLRIG
| Q4 25 | 4.0% | 30.8% | ||
| Q3 25 | 5.3% | 22.9% | ||
| Q2 25 | 2.3% | 10.5% | ||
| Q1 25 | -0.9% | -3.8% | ||
| Q4 24 | 5.3% | 18.6% | ||
| Q3 24 | 4.7% | 14.3% | ||
| Q2 24 | 5.8% | 5.7% | ||
| Q1 24 | -1.9% | -22.1% |
资本支出强度AXLRIG
| Q4 25 | 4.8% | 2.7% | ||
| Q3 25 | 4.3% | 1.1% | ||
| Q2 25 | 3.7% | 2.4% | ||
| Q1 25 | 4.9% | 6.6% | ||
| Q4 24 | 5.6% | 3.0% | ||
| Q3 24 | 4.9% | 6.1% | ||
| Q2 24 | 3.0% | 9.8% | ||
| Q1 24 | 3.0% | 10.9% |
现金转化率AXLRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | — | ||
| Q1 24 | 0.87× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
