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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.3倍（$1.8B vs $1.4B），西蒙地产集团净利率更高（197.6% vs -5.4%，领先203.0%），西蒙地产集团同比增速更快（13.2% vs 0.2%），西蒙地产集团自由现金流更多（$948.8M vs $54.7M），过去两年西蒙地产集团的营收复合增速更高（11.4% 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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
AXL vs SPG — 直观对比
营收规模更大
SPG
是对方的1.3倍
$1.4B
营收增速更快
SPG
高出13.0%
0.2%
净利率更高
SPG
高出203.0%
-5.4%
自由现金流更多
SPG
多$894.1M
$54.7M
两年增速更快
SPG
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $-75.3M | $3.5B |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 49.7% |
| 净利率 | -5.4% | 197.6% |
| 营收同比 | 0.2% | 13.2% |
| 净利润同比 | -449.6% | 358.7% |
| 每股收益（稀释后） | $-0.62 | $9.34 |
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AXLSPG
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.6B | $1.4B |
净利润AXLSPG
| Q4 25 | $-75.3M | $3.5B | ||
| Q3 25 | $9.2M | $702.7M | ||
| Q2 25 | $39.3M | $643.7M | ||
| Q1 25 | $7.1M | $477.9M | ||
| Q4 24 | $-13.7M | $771.8M | ||
| Q3 24 | $10.0M | $546.7M | ||
| Q2 24 | $18.2M | $569.4M | ||
| Q1 24 | $20.5M | $841.2M |
毛利率AXLSPG
| 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AXLSPG
| Q4 25 | -2.4% | 49.7% | ||
| Q3 25 | 3.2% | 50.8% | ||
| Q2 25 | 3.6% | 49.7% | ||
| Q1 25 | 3.0% | 49.4% | ||
| Q4 24 | 2.6% | 52.8% | ||
| Q3 24 | 2.8% | 51.9% | ||
| Q2 24 | 5.3% | 51.7% | ||
| Q1 24 | 4.8% | 51.0% |
净利率AXLSPG
| Q4 25 | -5.4% | 197.6% | ||
| Q3 25 | 0.6% | 43.9% | ||
| Q2 25 | 2.6% | 43.0% | ||
| Q1 25 | 0.5% | 32.4% | ||
| Q4 24 | -1.0% | 48.8% | ||
| Q3 24 | 0.7% | 36.9% | ||
| Q2 24 | 1.1% | 39.0% | ||
| Q1 24 | 1.3% | 58.3% |
每股收益（稀释后）AXLSPG
| Q4 25 | $-0.62 | $9.34 | ||
| Q3 25 | $0.07 | $1.86 | ||
| Q2 25 | $0.32 | $1.70 | ||
| Q1 25 | $0.06 | $1.27 | ||
| Q4 24 | $-0.11 | $2.04 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | $0.15 | $1.51 | ||
| Q1 24 | $0.17 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | $4.0B | $28.4B |
| 股东权益账面价值 | $640.0M | $5.2B |
| 总资产 | $6.7B | $40.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资AXLSPG
| Q4 25 | $708.9M | $823.1M | ||
| Q3 25 | $714.1M | $1.6B | ||
| Q2 25 | $586.5M | $1.2B | ||
| Q1 25 | $549.2M | $1.4B | ||
| Q4 24 | $552.9M | $1.4B | ||
| Q3 24 | $542.5M | $2.5B | ||
| Q2 24 | $519.9M | $2.5B | ||
| Q1 24 | $469.8M | $2.6B |
总债务AXLSPG
| Q4 25 | $4.0B | $28.4B | ||
| Q3 25 | $2.6B | $25.8B | ||
| Q2 25 | $2.6B | $25.4B | ||
| Q1 25 | $2.6B | $24.8B | ||
| Q4 24 | $2.6B | $24.3B | ||
| Q3 24 | $2.6B | $25.4B | ||
| Q2 24 | $2.7B | $25.3B | ||
| Q1 24 | $2.7B | $25.5B |
股东权益AXLSPG
| Q4 25 | $640.0M | $5.2B | ||
| Q3 25 | $718.4M | $2.3B | ||
| Q2 25 | $673.0M | $2.5B | ||
| Q1 25 | $596.3M | $2.6B | ||
| Q4 24 | $562.8M | $2.9B | ||
| Q3 24 | $616.3M | $2.7B | ||
| Q2 24 | $609.6M | $2.9B | ||
| Q1 24 | $621.4M | $3.1B |
总资产AXLSPG
| Q4 25 | $6.7B | $40.6B | ||
| Q3 25 | $5.3B | $33.6B | ||
| Q2 25 | $5.3B | $33.3B | ||
| Q1 25 | $5.1B | $32.5B | ||
| Q4 24 | $5.1B | $32.4B | ||
| Q3 24 | $5.3B | $33.3B | ||
| Q2 24 | $5.3B | $33.4B | ||
| Q1 24 | $5.4B | $33.7B |
负债/权益比AXLSPG
| Q4 25 | 6.31× | 5.46× | ||
| Q3 25 | 3.61× | 10.98× | ||
| Q2 25 | 3.86× | 10.36× | ||
| Q1 25 | 4.38× | 9.50× | ||
| Q4 24 | 4.58× | 8.25× | ||
| Q3 24 | 4.28× | 9.37× | ||
| Q2 24 | 4.42× | 8.59× | ||
| Q1 24 | 4.40× | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $948.8M |
| 自由现金流率自由现金流/营收 | 4.0% | 53.0% |
| 资本支出强度资本支出/营收 | 4.8% | 14.2% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $3.2B |
8季度趋势，按日历期对齐
经营现金流AXLSPG
| Q4 25 | $120.5M | $1.2B | ||
| Q3 25 | $143.3M | $890.3M | ||
| Q2 25 | $91.9M | $1.2B | ||
| Q1 25 | $55.9M | $827.2M | ||
| Q4 24 | $151.2M | $1.1B | ||
| Q3 24 | $143.6M | $892.9M | ||
| Q2 24 | $142.8M | $1.1B | ||
| Q1 24 | $17.8M | $773.1M |
自由现金流AXLSPG
| Q4 25 | $54.7M | $948.8M | ||
| Q3 25 | $79.2M | $685.0M | ||
| Q2 25 | $34.6M | $971.3M | ||
| Q1 25 | $-13.4M | $597.0M | ||
| Q4 24 | $73.2M | $867.7M | ||
| Q3 24 | $70.4M | $706.5M | ||
| Q2 24 | $94.0M | $874.8M | ||
| Q1 24 | $-30.2M | $610.1M |
自由现金流率AXLSPG
| Q4 25 | 4.0% | 53.0% | ||
| Q3 25 | 5.3% | 42.8% | ||
| Q2 25 | 2.3% | 64.8% | ||
| Q1 25 | -0.9% | 40.5% | ||
| Q4 24 | 5.3% | 54.8% | ||
| Q3 24 | 4.7% | 47.7% | ||
| Q2 24 | 5.8% | 60.0% | ||
| Q1 24 | -1.9% | 42.3% |
资本支出强度AXLSPG
| Q4 25 | 4.8% | 14.2% | ||
| Q3 25 | 4.3% | 12.8% | ||
| Q2 25 | 3.7% | 16.3% | ||
| Q1 25 | 4.9% | 15.6% | ||
| Q4 24 | 5.6% | 13.8% | ||
| Q3 24 | 4.9% | 12.6% | ||
| Q2 24 | 3.0% | 12.9% | ||
| Q1 24 | 3.0% | 11.3% |
现金转化率AXLSPG
| Q4 25 | — | 0.34× | ||
| Q3 25 | 15.58× | 1.27× | ||
| Q2 25 | 2.34× | 1.89× | ||
| Q1 25 | 7.87× | 1.73× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 14.36× | 1.63× | ||
| Q2 24 | 7.85× | 1.87× | ||
| 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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
