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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.2倍（$1.6B vs $1.4B），Toast, Inc.净利率更高（6.2% vs -5.4%，领先11.6%），Toast, Inc.同比增速更快（22.0% vs 0.2%），Toast, Inc.自由现金流更多（$178.0M vs $54.7M），过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
AXL vs TOST — 直观对比
营收规模更大
TOST
是对方的1.2倍
$1.4B
营收增速更快
TOST
高出21.8%
0.2%
净利率更高
TOST
高出11.6%
-5.4%
自由现金流更多
TOST
多$123.3M
$54.7M
两年增速更快
TOST
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $-75.3M | $101.0M |
| 毛利率 | 10.2% | 25.9% |
| 营业利润率 | -2.4% | 5.2% |
| 净利率 | -5.4% | 6.2% |
| 营收同比 | 0.2% | 22.0% |
| 净利润同比 | -449.6% | 215.6% |
| 每股收益（稀释后） | $-0.62 | $0.18 |
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AXLTOST
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.6B | $1.1B |
净利润AXLTOST
| Q4 25 | $-75.3M | $101.0M | ||
| Q3 25 | $9.2M | $105.0M | ||
| Q2 25 | $39.3M | $80.0M | ||
| Q1 25 | $7.1M | $56.0M | ||
| Q4 24 | $-13.7M | $32.0M | ||
| Q3 24 | $10.0M | $56.0M | ||
| Q2 24 | $18.2M | $14.0M | ||
| Q1 24 | $20.5M | $-83.0M |
毛利率AXLTOST
| Q4 25 | 10.2% | 25.9% | ||
| Q3 25 | 12.6% | 26.5% | ||
| Q2 25 | 13.1% | 25.3% | ||
| Q1 25 | 12.3% | 25.9% | ||
| Q4 24 | 11.2% | 24.9% | ||
| Q3 24 | 11.4% | 24.7% | ||
| Q2 24 | 13.3% | 23.0% | ||
| Q1 24 | 12.4% | 23.2% |
营业利润率AXLTOST
| Q4 25 | -2.4% | 5.2% | ||
| Q3 25 | 3.2% | 5.1% | ||
| Q2 25 | 3.6% | 5.2% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.8% | 2.6% | ||
| Q2 24 | 5.3% | 0.4% | ||
| Q1 24 | 4.8% | -5.2% |
净利率AXLTOST
| Q4 25 | -5.4% | 6.2% | ||
| Q3 25 | 0.6% | 6.4% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 0.5% | 4.2% | ||
| Q4 24 | -1.0% | 2.4% | ||
| Q3 24 | 0.7% | 4.3% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 1.3% | -7.7% |
每股收益（稀释后）AXLTOST
| Q4 25 | $-0.62 | $0.18 | ||
| Q3 25 | $0.07 | $0.16 | ||
| Q2 25 | $0.32 | $0.13 | ||
| Q1 25 | $0.06 | $0.09 | ||
| Q4 24 | $-0.11 | $0.09 | ||
| Q3 24 | $0.08 | $0.07 | ||
| Q2 24 | $0.15 | $0.02 | ||
| Q1 24 | $0.17 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $2.1B |
| 总资产 | $6.7B | $3.1B |
| 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AXLTOST
| Q4 25 | $708.9M | $1.4B | ||
| Q3 25 | $714.1M | $1.4B | ||
| Q2 25 | $586.5M | $1.2B | ||
| Q1 25 | $549.2M | $1.0B | ||
| Q4 24 | $552.9M | $903.0M | ||
| Q3 24 | $542.5M | $761.0M | ||
| Q2 24 | $519.9M | $691.0M | ||
| Q1 24 | $469.8M | $578.0M |
总债务AXLTOST
| Q4 25 | $4.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益AXLTOST
| Q4 25 | $640.0M | $2.1B | ||
| Q3 25 | $718.4M | $2.0B | ||
| Q2 25 | $673.0M | $1.8B | ||
| Q1 25 | $596.3M | $1.7B | ||
| Q4 24 | $562.8M | $1.5B | ||
| Q3 24 | $616.3M | $1.4B | ||
| Q2 24 | $609.6M | $1.3B | ||
| Q1 24 | $621.4M | $1.2B |
总资产AXLTOST
| Q4 25 | $6.7B | $3.1B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.3B | $2.2B | ||
| Q2 24 | $5.3B | $2.2B | ||
| Q1 24 | $5.4B | $2.1B |
负债/权益比AXLTOST
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $178.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 10.9% |
| 资本支出强度资本支出/营收 | 4.8% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $608.0M |
8季度趋势，按日历期对齐
经营现金流AXLTOST
| Q4 25 | $120.5M | $194.0M | ||
| Q3 25 | $143.3M | $165.0M | ||
| Q2 25 | $91.9M | $223.0M | ||
| Q1 25 | $55.9M | $79.0M | ||
| Q4 24 | $151.2M | $147.0M | ||
| Q3 24 | $143.6M | $109.0M | ||
| Q2 24 | $142.8M | $124.0M | ||
| Q1 24 | $17.8M | $-20.0M |
自由现金流AXLTOST
| Q4 25 | $54.7M | $178.0M | ||
| Q3 25 | $79.2M | $153.0M | ||
| Q2 25 | $34.6M | $208.0M | ||
| Q1 25 | $-13.4M | $69.0M | ||
| Q4 24 | $73.2M | $134.0M | ||
| Q3 24 | $70.4M | $97.0M | ||
| Q2 24 | $94.0M | $108.0M | ||
| Q1 24 | $-30.2M | $-33.0M |
自由现金流率AXLTOST
| Q4 25 | 4.0% | 10.9% | ||
| Q3 25 | 5.3% | 9.4% | ||
| Q2 25 | 2.3% | 13.4% | ||
| Q1 25 | -0.9% | 5.2% | ||
| Q4 24 | 5.3% | 10.0% | ||
| Q3 24 | 4.7% | 7.4% | ||
| Q2 24 | 5.8% | 8.7% | ||
| Q1 24 | -1.9% | -3.1% |
资本支出强度AXLTOST
| Q4 25 | 4.8% | 1.0% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 4.9% | 0.7% | ||
| Q4 24 | 5.6% | 1.0% | ||
| Q3 24 | 4.9% | 0.9% | ||
| Q2 24 | 3.0% | 1.3% | ||
| Q1 24 | 3.0% | 1.2% |
现金转化率AXLTOST
| Q4 25 | — | 1.92× | ||
| Q3 25 | 15.58× | 1.57× | ||
| Q2 25 | 2.34× | 2.79× | ||
| Q1 25 | 7.87× | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | 14.36× | 1.95× | ||
| Q2 24 | 7.85× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
