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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.7倍（$1.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -5.4%，领先34.1%），Ubiquiti Inc.同比增速更快（35.8% vs 0.2%），Ubiquiti Inc.自由现金流更多（$260.3M vs $54.7M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
AXL vs UI — 直观对比
营收规模更大
AXL
是对方的1.7倍
$814.9M
营收增速更快
UI
高出35.6%
0.2%
净利率更高
UI
高出34.1%
-5.4%
自由现金流更多
UI
多$205.6M
$54.7M
两年增速更快
UI
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | $-75.3M | $233.6M |
| 毛利率 | 10.2% | 45.9% |
| 营业利润率 | -2.4% | 35.9% |
| 净利率 | -5.4% | 28.7% |
| 营收同比 | 0.2% | 35.8% |
| 净利润同比 | -449.6% | 70.8% |
| 每股收益（稀释后） | $-0.62 | $3.86 |
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AXLUI
| Q4 25 | $1.4B | $814.9M | ||
| Q3 25 | $1.5B | $733.8M | ||
| Q2 25 | $1.5B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.4B | $599.9M | ||
| Q3 24 | $1.5B | $550.3M | ||
| Q2 24 | $1.6B | $507.5M | ||
| Q1 24 | $1.6B | $493.0M |
净利润AXLUI
| Q4 25 | $-75.3M | $233.6M | ||
| Q3 25 | $9.2M | $207.9M | ||
| Q2 25 | $39.3M | $266.7M | ||
| Q1 25 | $7.1M | $180.4M | ||
| Q4 24 | $-13.7M | $136.8M | ||
| Q3 24 | $10.0M | $128.0M | ||
| Q2 24 | $18.2M | $103.8M | ||
| Q1 24 | $20.5M | $76.3M |
毛利率AXLUI
| Q4 25 | 10.2% | 45.9% | ||
| Q3 25 | 12.6% | 46.0% | ||
| Q2 25 | 13.1% | 45.1% | ||
| Q1 25 | 12.3% | 44.5% | ||
| Q4 24 | 11.2% | 41.2% | ||
| Q3 24 | 11.4% | 42.1% | ||
| Q2 24 | 13.3% | 40.2% | ||
| Q1 24 | 12.4% | 35.3% |
营业利润率AXLUI
| Q4 25 | -2.4% | 35.9% | ||
| Q3 25 | 3.2% | 35.7% | ||
| Q2 25 | 3.6% | 34.4% | ||
| Q1 25 | 3.0% | 34.2% | ||
| Q4 24 | 2.6% | 29.8% | ||
| Q3 24 | 2.8% | 30.7% | ||
| Q2 24 | 5.3% | 27.3% | ||
| Q1 24 | 4.8% | 22.6% |
净利率AXLUI
| Q4 25 | -5.4% | 28.7% | ||
| Q3 25 | 0.6% | 28.3% | ||
| Q2 25 | 2.6% | 35.1% | ||
| Q1 25 | 0.5% | 27.2% | ||
| Q4 24 | -1.0% | 22.8% | ||
| Q3 24 | 0.7% | 23.3% | ||
| Q2 24 | 1.1% | 20.5% | ||
| Q1 24 | 1.3% | 15.5% |
每股收益（稀释后）AXLUI
| Q4 25 | $-0.62 | $3.86 | ||
| Q3 25 | $0.07 | $3.43 | ||
| Q2 25 | $0.32 | $4.40 | ||
| Q1 25 | $0.06 | $2.98 | ||
| Q4 24 | $-0.11 | $2.26 | ||
| Q3 24 | $0.08 | $2.12 | ||
| Q2 24 | $0.15 | $1.72 | ||
| Q1 24 | $0.17 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $4.0B | $47.5M |
| 股东权益账面价值 | $640.0M | $1.0B |
| 总资产 | $6.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AXLUI
| Q4 25 | $708.9M | $302.8M | ||
| Q3 25 | $714.1M | $177.2M | ||
| Q2 25 | $586.5M | $149.7M | ||
| Q1 25 | $549.2M | $151.0M | ||
| Q4 24 | $552.9M | $133.1M | ||
| Q3 24 | $542.5M | $165.2M | ||
| Q2 24 | $519.9M | $126.3M | ||
| Q1 24 | $469.8M | $102.5M |
总债务AXLUI
| Q4 25 | $4.0B | $47.5M | ||
| Q3 25 | $2.6B | $133.8M | ||
| Q2 25 | $2.6B | $250.0M | ||
| Q1 25 | $2.6B | $340.0M | ||
| Q4 24 | $2.6B | $406.3M | ||
| Q3 24 | $2.6B | $552.5M | ||
| Q2 24 | $2.7B | $708.1M | ||
| Q1 24 | $2.7B | $877.5M |
股东权益AXLUI
| Q4 25 | $640.0M | $1.0B | ||
| Q3 25 | $718.4M | $828.4M | ||
| Q2 25 | $673.0M | $668.3M | ||
| Q1 25 | $596.3M | $436.1M | ||
| Q4 24 | $562.8M | $290.4M | ||
| Q3 24 | $616.3M | $188.1M | ||
| Q2 24 | $609.6M | $95.1M | ||
| Q1 24 | $621.4M | $25.9M |
总资产AXLUI
| Q4 25 | $6.7B | $1.6B | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $5.3B | $1.5B | ||
| Q1 25 | $5.1B | $1.3B | ||
| Q4 24 | $5.1B | $1.2B | ||
| Q3 24 | $5.3B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B | ||
| Q1 24 | $5.4B | $1.2B |
负债/权益比AXLUI
| Q4 25 | 6.31× | 0.05× | ||
| Q3 25 | 3.61× | 0.16× | ||
| Q2 25 | 3.86× | 0.37× | ||
| Q1 25 | 4.38× | 0.78× | ||
| Q4 24 | 4.58× | 1.40× | ||
| Q3 24 | 4.28× | 2.94× | ||
| Q2 24 | 4.42× | 7.45× | ||
| Q1 24 | 4.40× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $260.3M |
| 自由现金流率自由现金流/营收 | 4.0% | 31.9% |
| 资本支出强度资本支出/营收 | 4.8% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AXLUI
| Q4 25 | $120.5M | $263.9M | ||
| Q3 25 | $143.3M | $198.5M | ||
| Q2 25 | $91.9M | $130.4M | ||
| Q1 25 | $55.9M | $123.6M | ||
| Q4 24 | $151.2M | $152.4M | ||
| Q3 24 | $143.6M | $233.7M | ||
| Q2 24 | $142.8M | $231.4M | ||
| Q1 24 | $17.8M | $163.9M |
自由现金流AXLUI
| Q4 25 | $54.7M | $260.3M | ||
| Q3 25 | $79.2M | $193.3M | ||
| Q2 25 | $34.6M | $125.2M | ||
| Q1 25 | $-13.4M | $120.7M | ||
| Q4 24 | $73.2M | $150.4M | ||
| Q3 24 | $70.4M | $231.1M | ||
| Q2 24 | $94.0M | $229.5M | ||
| Q1 24 | $-30.2M | $160.6M |
自由现金流率AXLUI
| Q4 25 | 4.0% | 31.9% | ||
| Q3 25 | 5.3% | 26.3% | ||
| Q2 25 | 2.3% | 16.5% | ||
| Q1 25 | -0.9% | 18.2% | ||
| Q4 24 | 5.3% | 25.1% | ||
| Q3 24 | 4.7% | 42.0% | ||
| Q2 24 | 5.8% | 45.2% | ||
| Q1 24 | -1.9% | 32.6% |
资本支出强度AXLUI
| Q4 25 | 4.8% | 0.4% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 3.7% | 0.7% | ||
| Q1 25 | 4.9% | 0.4% | ||
| Q4 24 | 5.6% | 0.3% | ||
| Q3 24 | 4.9% | 0.5% | ||
| Q2 24 | 3.0% | 0.4% | ||
| Q1 24 | 3.0% | 0.7% |
现金转化率AXLUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 15.58× | 0.95× | ||
| Q2 25 | 2.34× | 0.49× | ||
| Q1 25 | 7.87× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 14.36× | 1.83× | ||
| Q2 24 | 7.85× | 2.23× | ||
| Q1 24 | 0.87× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
