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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.9倍（$2.6B vs $1.4B），维谛技术净利率更高（14.7% vs -5.4%，领先20.2%），维谛技术同比增速更快（30.1% vs 0.2%），维谛技术自由现金流更多（$652.8M vs $54.7M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
AXL vs VRT — 直观对比
营收规模更大
VRT
是对方的1.9倍
$1.4B
营收增速更快
VRT
高出29.9%
0.2%
净利率更高
VRT
高出20.2%
-5.4%
自由现金流更多
VRT
多$598.1M
$54.7M
两年增速更快
VRT
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.6B |
| 净利润 | $-75.3M | $390.1M |
| 毛利率 | 10.2% | 37.7% |
| 营业利润率 | -2.4% | — |
| 净利率 | -5.4% | 14.7% |
| 营收同比 | 0.2% | 30.1% |
| 净利润同比 | -449.6% | 137.1% |
| 每股收益（稀释后） | $-0.62 | $0.99 |
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AXLVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B |
净利润AXLVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $-75.3M | $445.6M | ||
| Q3 25 | $9.2M | $398.5M | ||
| Q2 25 | $39.3M | $324.2M | ||
| Q1 25 | $7.1M | $164.5M | ||
| Q4 24 | $-13.7M | $147.0M | ||
| Q3 24 | $10.0M | $176.6M | ||
| Q2 24 | $18.2M | $178.1M |
毛利率AXLVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 10.2% | 38.9% | ||
| Q3 25 | 12.6% | 37.8% | ||
| Q2 25 | 13.1% | 34.0% | ||
| Q1 25 | 12.3% | 33.7% | ||
| Q4 24 | 11.2% | 37.1% | ||
| Q3 24 | 11.4% | 36.5% | ||
| Q2 24 | 13.3% | 38.0% |
营业利润率AXLVRT
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | 20.1% | ||
| Q3 25 | 3.2% | 19.3% | ||
| Q2 25 | 3.6% | 16.8% | ||
| Q1 25 | 3.0% | 14.3% | ||
| Q4 24 | 2.6% | 19.5% | ||
| Q3 24 | 2.8% | 17.9% | ||
| Q2 24 | 5.3% | 17.2% |
净利率AXLVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | -5.4% | 15.5% | ||
| Q3 25 | 0.6% | 14.9% | ||
| Q2 25 | 2.6% | 12.3% | ||
| Q1 25 | 0.5% | 8.1% | ||
| Q4 24 | -1.0% | 6.3% | ||
| Q3 24 | 0.7% | 8.5% | ||
| Q2 24 | 1.1% | 9.1% |
每股收益（稀释后）AXLVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $-0.62 | $1.14 | ||
| Q3 25 | $0.07 | $1.02 | ||
| Q2 25 | $0.32 | $0.83 | ||
| Q1 25 | $0.06 | $0.42 | ||
| Q4 24 | $-0.11 | $0.38 | ||
| Q3 24 | $0.08 | $0.46 | ||
| Q2 24 | $0.15 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $4.0B | $0 |
| 股东权益账面价值 | $640.0M | $4.2B |
| 总资产 | $6.7B | $13.4B |
| 负债/权益比越低杠杆越低 | 6.31× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AXLVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $708.9M | $1.7B | ||
| Q3 25 | $714.1M | $1.4B | ||
| Q2 25 | $586.5M | $1.6B | ||
| Q1 25 | $549.2M | $1.5B | ||
| Q4 24 | $552.9M | $1.2B | ||
| Q3 24 | $542.5M | $908.7M | ||
| Q2 24 | $519.9M | $579.7M |
总债务AXLVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $4.0B | $2.9B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.7B | $2.9B |
股东权益AXLVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $640.0M | $3.9B | ||
| Q3 25 | $718.4M | $3.5B | ||
| Q2 25 | $673.0M | $3.1B | ||
| Q1 25 | $596.3M | $2.7B | ||
| Q4 24 | $562.8M | $2.4B | ||
| Q3 24 | $616.3M | $1.8B | ||
| Q2 24 | $609.6M | $1.5B |
总资产AXLVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $6.7B | $12.2B | ||
| Q3 25 | $5.3B | $10.8B | ||
| Q2 25 | $5.3B | $10.4B | ||
| Q1 25 | $5.1B | $9.5B | ||
| Q4 24 | $5.1B | $9.1B | ||
| Q3 24 | $5.3B | $8.9B | ||
| Q2 24 | $5.3B | $8.1B |
负债/权益比AXLVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 6.31× | 0.74× | ||
| Q3 25 | 3.61× | 0.83× | ||
| Q2 25 | 3.86× | 0.93× | ||
| Q1 25 | 4.38× | 1.10× | ||
| Q4 24 | 4.58× | 1.20× | ||
| Q3 24 | 4.28× | 1.62× | ||
| Q2 24 | 4.42× | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $652.8M |
| 自由现金流率自由现金流/营收 | 4.0% | 24.6% |
| 资本支出强度资本支出/营收 | 4.8% | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $155.1M | $2.3B |
8季度趋势，按日历期对齐
经营现金流AXLVRT
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $978.9M | ||
| Q3 25 | $143.3M | $508.7M | ||
| Q2 25 | $91.9M | $322.9M | ||
| Q1 25 | $55.9M | $303.3M | ||
| Q4 24 | $151.2M | $425.2M | ||
| Q3 24 | $143.6M | $378.2M | ||
| Q2 24 | $142.8M | $378.4M |
自由现金流AXLVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $54.7M | $885.6M | ||
| Q3 25 | $79.2M | $463.5M | ||
| Q2 25 | $34.6M | $277.9M | ||
| Q1 25 | $-13.4M | $266.8M | ||
| Q4 24 | $73.2M | $364.5M | ||
| Q3 24 | $70.4M | $341.8M | ||
| Q2 24 | $94.0M | $344.3M |
自由现金流率AXLVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 4.0% | 30.8% | ||
| Q3 25 | 5.3% | 17.3% | ||
| Q2 25 | 2.3% | 10.5% | ||
| Q1 25 | -0.9% | 13.1% | ||
| Q4 24 | 5.3% | 15.5% | ||
| Q3 24 | 4.7% | 16.5% | ||
| Q2 24 | 5.8% | 17.6% |
资本支出强度AXLVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 4.8% | 3.2% | ||
| Q3 25 | 4.3% | 1.7% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 4.9% | 1.8% | ||
| Q4 24 | 5.6% | 2.6% | ||
| Q3 24 | 4.9% | 1.8% | ||
| Q2 24 | 3.0% | 1.7% |
现金转化率AXLVRT
| Q1 26 | — | — | ||
| Q4 25 | — | 2.20× | ||
| Q3 25 | 15.58× | 1.28× | ||
| Q2 25 | 2.34× | 1.00× | ||
| Q1 25 | 7.87× | 1.84× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 14.36× | 2.14× | ||
| Q2 24 | 7.85× | 2.12× |
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% |
VRT
暂无分部数据
