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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.6倍（$2.2B vs $1.4B），Constellation Brands净利率更高（22.6% vs -5.4%，领先28.1%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $54.7M），过去两年Constellation Brands的营收复合增速更高（1.9% 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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
AXL vs STZ — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.2B |
| 净利润 | $-75.3M | $502.8M |
| 毛利率 | 10.2% | 53.2% |
| 营业利润率 | -2.4% | 31.1% |
| 净利率 | -5.4% | 22.6% |
| 营收同比 | 0.2% | -9.8% |
| 净利润同比 | -449.6% | -18.4% |
| 每股收益（稀释后） | $-0.62 | — |
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
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.6B | $2.7B | ||
| Q1 24 | $1.6B | $2.1B |
| Q4 25 | $-75.3M | $502.8M | ||
| Q3 25 | $9.2M | $466.0M | ||
| Q2 25 | $39.3M | $516.1M | ||
| Q1 25 | $7.1M | $-375.3M | ||
| Q4 24 | $-13.7M | $615.9M | ||
| Q3 24 | $10.0M | $-1.2B | ||
| Q2 24 | $18.2M | $877.0M | ||
| Q1 24 | $20.5M | $392.4M |
| Q4 25 | 10.2% | 53.2% | ||
| Q3 25 | 12.6% | 52.8% | ||
| Q2 25 | 13.1% | 50.4% | ||
| Q1 25 | 12.3% | 51.5% | ||
| Q4 24 | 11.2% | 52.1% | ||
| Q3 24 | 11.4% | 51.8% | ||
| Q2 24 | 13.3% | 52.7% | ||
| Q1 24 | 12.4% | 48.6% |
| Q4 25 | -2.4% | 31.1% | ||
| Q3 25 | 3.2% | 35.2% | ||
| Q2 25 | 3.6% | 28.4% | ||
| Q1 25 | 3.0% | -6.9% | ||
| Q4 24 | 2.6% | 32.2% | ||
| Q3 24 | 2.8% | -42.1% | ||
| Q2 24 | 5.3% | 35.4% | ||
| Q1 24 | 4.8% | 29.4% |
| Q4 25 | -5.4% | 22.6% | ||
| Q3 25 | 0.6% | 18.8% | ||
| Q2 25 | 2.6% | 20.5% | ||
| Q1 25 | 0.5% | -17.3% | ||
| Q4 24 | -1.0% | 25.0% | ||
| Q3 24 | 0.7% | -41.1% | ||
| Q2 24 | 1.1% | 32.9% | ||
| Q1 24 | 1.3% | 18.3% |
| Q4 25 | $-0.62 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.15 | — | ||
| 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 | $152.4M |
| 总债务越低越好 | $4.0B | $10.3B |
| 股东权益账面价值 | $640.0M | $7.7B |
| 总资产 | $6.7B | $21.7B |
| 负债/权益比越低杠杆越低 | 6.31× | 1.33× |
8季度趋势，按日历期对齐
| Q4 25 | $708.9M | $152.4M | ||
| Q3 25 | $714.1M | $72.0M | ||
| Q2 25 | $586.5M | $73.9M | ||
| Q1 25 | $549.2M | $68.1M | ||
| Q4 24 | $552.9M | $73.7M | ||
| Q3 24 | $542.5M | $64.6M | ||
| Q2 24 | $519.9M | $73.8M | ||
| Q1 24 | $469.8M | $152.4M |
| Q4 25 | $4.0B | $10.3B | ||
| Q3 25 | $2.6B | $10.3B | ||
| Q2 25 | $2.6B | $11.2B | ||
| Q1 25 | $2.6B | $10.7B | ||
| Q4 24 | $2.6B | $10.7B | ||
| Q3 24 | $2.6B | $11.1B | ||
| Q2 24 | $2.7B | $11.1B | ||
| Q1 24 | $2.7B | $11.6B |
| Q4 25 | $640.0M | $7.7B | ||
| Q3 25 | $718.4M | $7.5B | ||
| Q2 25 | $673.0M | $7.3B | ||
| Q1 25 | $596.3M | $6.9B | ||
| Q4 24 | $562.8M | $7.8B | ||
| Q3 24 | $616.3M | $7.9B | ||
| Q2 24 | $609.6M | $10.3B | ||
| Q1 24 | $621.4M | $9.7B |
| Q4 25 | $6.7B | $21.7B | ||
| Q3 25 | $5.3B | $21.4B | ||
| Q2 25 | $5.3B | $22.3B | ||
| Q1 25 | $5.1B | $21.7B | ||
| Q4 24 | $5.1B | $22.8B | ||
| Q3 24 | $5.3B | $23.1B | ||
| Q2 24 | $5.3B | $26.1B | ||
| Q1 24 | $5.4B | $25.7B |
| Q4 25 | 6.31× | 1.33× | ||
| Q3 25 | 3.61× | 1.37× | ||
| Q2 25 | 3.86× | 1.54× | ||
| Q1 25 | 4.38× | 1.55× | ||
| Q4 24 | 4.58× | 1.37× | ||
| Q3 24 | 4.28× | 1.41× | ||
| Q2 24 | 4.42× | 1.08× | ||
| Q1 24 | 4.40× | 1.19× |
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 | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $370.9M |
| 自由现金流率自由现金流/营收 | 4.0% | 16.7% |
| 资本支出强度资本支出/营收 | 4.8% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $1.8B |
8季度趋势，按日历期对齐
| Q4 25 | $120.5M | $616.9M | ||
| Q3 25 | $143.3M | $852.1M | ||
| Q2 25 | $91.9M | $637.2M | ||
| Q1 25 | $55.9M | $594.7M | ||
| Q4 24 | $151.2M | $685.2M | ||
| Q3 24 | $143.6M | $1.2B | ||
| Q2 24 | $142.8M | $690.5M | ||
| Q1 24 | $17.8M | $433.2M |
| Q4 25 | $54.7M | $370.9M | ||
| Q3 25 | $79.2M | $634.8M | ||
| Q2 25 | $34.6M | $444.4M | ||
| Q1 25 | $-13.4M | $312.1M | ||
| Q4 24 | $73.2M | $456.8M | ||
| Q3 24 | $70.4M | $854.0M | ||
| Q2 24 | $94.0M | $315.2M | ||
| Q1 24 | $-30.2M | $76.0M |
| Q4 25 | 4.0% | 16.7% | ||
| Q3 25 | 5.3% | 25.6% | ||
| Q2 25 | 2.3% | 17.7% | ||
| Q1 25 | -0.9% | 14.4% | ||
| Q4 24 | 5.3% | 18.5% | ||
| Q3 24 | 4.7% | 29.3% | ||
| Q2 24 | 5.8% | 11.8% | ||
| Q1 24 | -1.9% | 3.6% |
| Q4 25 | 4.8% | 11.1% | ||
| Q3 25 | 4.3% | 8.8% | ||
| Q2 25 | 3.7% | 7.7% | ||
| Q1 25 | 4.9% | 13.1% | ||
| Q4 24 | 5.6% | 9.3% | ||
| Q3 24 | 4.9% | 11.2% | ||
| Q2 24 | 3.0% | 14.1% | ||
| Q1 24 | 3.0% | 16.7% |
| Q4 25 | — | 1.23× | ||
| Q3 25 | 15.58× | 1.83× | ||
| Q2 25 | 2.34× | 1.23× | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | 0.79× | ||
| Q1 24 | 0.87× | 1.10× |
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% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
