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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.8倍（$2.5B vs $1.4B），泰佩思琦净利率更高（22.4% vs -5.4%，领先27.9%），泰佩思琦同比增速更快（14.0% vs 0.2%），泰佩思琦自由现金流更多（$1.0B vs $54.7M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
AXL vs TPR — 直观对比
营收规模更大
TPR
是对方的1.8倍
$1.4B
营收增速更快
TPR
高出13.8%
0.2%
净利率更高
TPR
高出27.9%
-5.4%
自由现金流更多
TPR
多$982.8M
$54.7M
两年增速更快
TPR
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.5B |
| 净利润 | $-75.3M | $561.3M |
| 毛利率 | 10.2% | 75.5% |
| 营业利润率 | -2.4% | 28.6% |
| 净利率 | -5.4% | 22.4% |
| 营收同比 | 0.2% | 14.0% |
| 净利润同比 | -449.6% | 80.8% |
| 每股收益（稀释后） | $-0.62 | $2.68 |
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AXLTPR
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
净利润AXLTPR
| Q4 25 | $-75.3M | $561.3M | ||
| Q3 25 | $9.2M | $274.8M | ||
| Q2 25 | $39.3M | $-517.1M | ||
| Q1 25 | $7.1M | $203.3M | ||
| Q4 24 | $-13.7M | $310.4M | ||
| Q3 24 | $10.0M | $186.6M | ||
| Q2 24 | $18.2M | $159.3M | ||
| Q1 24 | $20.5M | $139.4M |
毛利率AXLTPR
| Q4 25 | 10.2% | 75.5% | ||
| Q3 25 | 12.6% | 76.3% | ||
| Q2 25 | 13.1% | 76.3% | ||
| Q1 25 | 12.3% | 76.1% | ||
| Q4 24 | 11.2% | 74.4% | ||
| Q3 24 | 11.4% | 75.3% | ||
| Q2 24 | 13.3% | 74.9% | ||
| Q1 24 | 12.4% | 74.7% |
营业利润率AXLTPR
| Q4 25 | -2.4% | 28.6% | ||
| Q3 25 | 3.2% | 19.3% | ||
| Q2 25 | 3.6% | -33.9% | ||
| Q1 25 | 3.0% | 16.0% | ||
| Q4 24 | 2.6% | 22.4% | ||
| Q3 24 | 2.8% | 16.7% | ||
| Q2 24 | 5.3% | 14.8% | ||
| Q1 24 | 4.8% | 13.8% |
净利率AXLTPR
| Q4 25 | -5.4% | 22.4% | ||
| Q3 25 | 0.6% | 16.1% | ||
| Q2 25 | 2.6% | -30.0% | ||
| Q1 25 | 0.5% | 12.8% | ||
| Q4 24 | -1.0% | 14.1% | ||
| Q3 24 | 0.7% | 12.4% | ||
| Q2 24 | 1.1% | 10.0% | ||
| Q1 24 | 1.3% | 9.4% |
每股收益（稀释后）AXLTPR
| Q4 25 | $-0.62 | $2.68 | ||
| Q3 25 | $0.07 | $1.28 | ||
| Q2 25 | $0.32 | $-2.30 | ||
| Q1 25 | $0.06 | $0.95 | ||
| Q4 24 | $-0.11 | $1.38 | ||
| Q3 24 | $0.08 | $0.79 | ||
| Q2 24 | $0.15 | $0.67 | ||
| Q1 24 | $0.17 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | $4.0B | $2.4B |
| 股东权益账面价值 | $640.0M | $551.2M |
| 总资产 | $6.7B | $6.5B |
| 负债/权益比越低杠杆越低 | 6.31× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资AXLTPR
| Q4 25 | $708.9M | $1.1B | ||
| Q3 25 | $714.1M | $743.2M | ||
| Q2 25 | $586.5M | $1.1B | ||
| Q1 25 | $549.2M | $1.1B | ||
| Q4 24 | $552.9M | $1.0B | ||
| Q3 24 | $542.5M | $7.3B | ||
| Q2 24 | $519.9M | $7.2B | ||
| Q1 24 | $469.8M | $7.4B |
总债务AXLTPR
| Q4 25 | $4.0B | $2.4B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.6B | $7.0B | ||
| Q2 24 | $2.7B | $6.9B | ||
| Q1 24 | $2.7B | $7.7B |
股东权益AXLTPR
| Q4 25 | $640.0M | $551.2M | ||
| Q3 25 | $718.4M | $399.5M | ||
| Q2 25 | $673.0M | $857.8M | ||
| Q1 25 | $596.3M | $1.5B | ||
| Q4 24 | $562.8M | $1.3B | ||
| Q3 24 | $616.3M | $3.0B | ||
| Q2 24 | $609.6M | $2.9B | ||
| Q1 24 | $621.4M | $2.8B |
总资产AXLTPR
| Q4 25 | $6.7B | $6.5B | ||
| Q3 25 | $5.3B | $6.4B | ||
| Q2 25 | $5.3B | $6.6B | ||
| Q1 25 | $5.1B | $7.3B | ||
| Q4 24 | $5.1B | $7.3B | ||
| Q3 24 | $5.3B | $13.7B | ||
| Q2 24 | $5.3B | $13.4B | ||
| Q1 24 | $5.4B | $13.7B |
负债/权益比AXLTPR
| Q4 25 | 6.31× | 4.32× | ||
| Q3 25 | 3.61× | 5.95× | ||
| Q2 25 | 3.86× | 2.77× | ||
| Q1 25 | 4.38× | 1.59× | ||
| Q4 24 | 4.58× | 1.78× | ||
| Q3 24 | 4.28× | 2.35× | ||
| Q2 24 | 4.42× | 2.39× | ||
| Q1 24 | 4.40× | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $1.0B |
| 自由现金流率自由现金流/营收 | 4.0% | 41.5% |
| 资本支出强度资本支出/营收 | 4.8% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $1.6B |
8季度趋势，按日历期对齐
经营现金流AXLTPR
| Q4 25 | $120.5M | $1.1B | ||
| Q3 25 | $143.3M | $112.6M | ||
| Q2 25 | $91.9M | $446.8M | ||
| Q1 25 | $55.9M | $144.3M | ||
| Q4 24 | $151.2M | $506.0M | ||
| Q3 24 | $143.6M | $119.5M | ||
| Q2 24 | $142.8M | $256.0M | ||
| Q1 24 | $17.8M | $97.8M |
自由现金流AXLTPR
| Q4 25 | $54.7M | $1.0B | ||
| Q3 25 | $79.2M | $80.2M | ||
| Q2 25 | $34.6M | $411.5M | ||
| Q1 25 | $-13.4M | $113.4M | ||
| Q4 24 | $73.2M | $475.1M | ||
| Q3 24 | $70.4M | $93.9M | ||
| Q2 24 | $94.0M | $209.8M | ||
| Q1 24 | $-30.2M | $78.8M |
自由现金流率AXLTPR
| Q4 25 | 4.0% | 41.5% | ||
| Q3 25 | 5.3% | 4.7% | ||
| Q2 25 | 2.3% | 23.9% | ||
| Q1 25 | -0.9% | 7.2% | ||
| Q4 24 | 5.3% | 21.6% | ||
| Q3 24 | 4.7% | 6.2% | ||
| Q2 24 | 5.8% | 13.2% | ||
| Q1 24 | -1.9% | 5.3% |
资本支出强度AXLTPR
| Q4 25 | 4.8% | 1.7% | ||
| Q3 25 | 4.3% | 1.9% | ||
| Q2 25 | 3.7% | 2.0% | ||
| Q1 25 | 4.9% | 2.0% | ||
| Q4 24 | 5.6% | 1.4% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 3.0% | 1.3% |
现金转化率AXLTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 15.58× | 0.41× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | 14.36× | 0.64× | ||
| Q2 24 | 7.85× | 1.61× | ||
| Q1 24 | 0.87× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
