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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
Workday, Inc.的季度营收约是AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.8倍（$2.4B vs $1.4B），Workday, Inc.净利率更高（10.4% vs -5.4%，领先15.8%），Workday, Inc.同比增速更快（12.6% vs 0.2%），Workday, Inc.自由现金流更多（$550.0M vs $54.7M），过去两年Workday, Inc.的营收复合增速更高（12.5% 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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
AXL vs WDAY — 直观对比
营收规模更大
WDAY
是对方的1.8倍
$1.4B
营收增速更快
WDAY
高出12.4%
0.2%
净利率更高
WDAY
高出15.8%
-5.4%
自由现金流更多
WDAY
多$495.3M
$54.7M
两年增速更快
WDAY
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.4B |
| 净利润 | $-75.3M | $252.0M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 10.6% |
| 净利率 | -5.4% | 10.4% |
| 营收同比 | 0.2% | 12.6% |
| 净利润同比 | -449.6% | 30.6% |
| 每股收益（稀释后） | $-0.62 | $0.94 |
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AXLWDAY
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.6B | $1.9B |
净利润AXLWDAY
| Q4 25 | $-75.3M | $252.0M | ||
| Q3 25 | $9.2M | $228.0M | ||
| Q2 25 | $39.3M | $68.0M | ||
| Q1 25 | $7.1M | $94.0M | ||
| Q4 24 | $-13.7M | $193.0M | ||
| Q3 24 | $10.0M | $132.0M | ||
| Q2 24 | $18.2M | $107.0M | ||
| Q1 24 | $20.5M | $1.2B |
毛利率AXLWDAY
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 13.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率AXLWDAY
| Q4 25 | -2.4% | 10.6% | ||
| Q3 25 | 3.2% | 10.6% | ||
| Q2 25 | 3.6% | 1.7% | ||
| Q1 25 | 3.0% | 3.4% | ||
| Q4 24 | 2.6% | 7.6% | ||
| Q3 24 | 2.8% | 5.3% | ||
| Q2 24 | 5.3% | 3.2% | ||
| Q1 24 | 4.8% | 4.1% |
净利率AXLWDAY
| Q4 25 | -5.4% | 10.4% | ||
| Q3 25 | 0.6% | 9.7% | ||
| Q2 25 | 2.6% | 3.0% | ||
| Q1 25 | 0.5% | 4.3% | ||
| Q4 24 | -1.0% | 8.9% | ||
| Q3 24 | 0.7% | 6.3% | ||
| Q2 24 | 1.1% | 5.4% | ||
| Q1 24 | 1.3% | 61.8% |
每股收益（稀释后）AXLWDAY
| Q4 25 | $-0.62 | $0.94 | ||
| Q3 25 | $0.07 | $0.84 | ||
| Q2 25 | $0.32 | $0.25 | ||
| Q1 25 | $0.06 | $0.34 | ||
| Q4 24 | $-0.11 | $0.72 | ||
| Q3 24 | $0.08 | $0.49 | ||
| Q2 24 | $0.15 | $0.40 | ||
| Q1 24 | $0.17 | $4.48 |
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 | $6.8B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $640.0M | $8.9B |
| 总资产 | $6.7B | $17.8B |
| 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AXLWDAY
| Q4 25 | $708.9M | $6.8B | ||
| Q3 25 | $714.1M | $8.2B | ||
| Q2 25 | $586.5M | $8.0B | ||
| Q1 25 | $549.2M | $8.0B | ||
| Q4 24 | $552.9M | $7.2B | ||
| Q3 24 | $542.5M | $7.4B | ||
| Q2 24 | $519.9M | $7.2B | ||
| Q1 24 | $469.8M | $7.8B |
总债务AXLWDAY
| 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 | $3.0B | ||
| Q1 24 | $2.7B | $3.0B |
股东权益AXLWDAY
| Q4 25 | $640.0M | $8.9B | ||
| Q3 25 | $718.4M | $9.2B | ||
| Q2 25 | $673.0M | $8.9B | ||
| Q1 25 | $596.3M | $9.0B | ||
| Q4 24 | $562.8M | $8.6B | ||
| Q3 24 | $616.3M | $8.3B | ||
| Q2 24 | $609.6M | $8.2B | ||
| Q1 24 | $621.4M | $8.1B |
总资产AXLWDAY
| Q4 25 | $6.7B | $17.8B | ||
| Q3 25 | $5.3B | $18.0B | ||
| Q2 25 | $5.3B | $17.2B | ||
| Q1 25 | $5.1B | $18.0B | ||
| Q4 24 | $5.1B | $16.4B | ||
| Q3 24 | $5.3B | $16.2B | ||
| Q2 24 | $5.3B | $15.9B | ||
| Q1 24 | $5.4B | $16.5B |
负债/权益比AXLWDAY
| 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× | 0.37× | ||
| Q1 24 | 4.40× | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $550.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 22.6% |
| 资本支出强度资本支出/营收 | 4.8% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $2.6B |
8季度趋势，按日历期对齐
经营现金流AXLWDAY
| Q4 25 | $120.5M | $588.0M | ||
| Q3 25 | $143.3M | $616.0M | ||
| Q2 25 | $91.9M | $457.0M | ||
| Q1 25 | $55.9M | $1.1B | ||
| Q4 24 | $151.2M | $406.0M | ||
| Q3 24 | $143.6M | $571.0M | ||
| Q2 24 | $142.8M | $372.0M | ||
| Q1 24 | $17.8M | $995.6M |
自由现金流AXLWDAY
| Q4 25 | $54.7M | $550.0M | ||
| Q3 25 | $79.2M | $588.0M | ||
| Q2 25 | $34.6M | $421.0M | ||
| Q1 25 | $-13.4M | $1.0B | ||
| Q4 24 | $73.2M | $359.0M | ||
| Q3 24 | $70.4M | $516.0M | ||
| Q2 24 | $94.0M | $291.0M | ||
| Q1 24 | $-30.2M | $947.6M |
自由现金流率AXLWDAY
| Q4 25 | 4.0% | 22.6% | ||
| Q3 25 | 5.3% | 25.0% | ||
| Q2 25 | 2.3% | 18.8% | ||
| Q1 25 | -0.9% | 46.4% | ||
| Q4 24 | 5.3% | 16.6% | ||
| Q3 24 | 4.7% | 24.7% | ||
| Q2 24 | 5.8% | 14.6% | ||
| Q1 24 | -1.9% | 49.3% |
资本支出强度AXLWDAY
| Q4 25 | 4.8% | 1.6% | ||
| Q3 25 | 4.3% | 1.2% | ||
| Q2 25 | 3.7% | 1.6% | ||
| Q1 25 | 4.9% | 3.9% | ||
| Q4 24 | 5.6% | 2.2% | ||
| Q3 24 | 4.9% | 2.6% | ||
| Q2 24 | 3.0% | 4.1% | ||
| Q1 24 | 3.0% | 2.5% |
现金转化率AXLWDAY
| Q4 25 | — | 2.33× | ||
| Q3 25 | 15.58× | 2.70× | ||
| Q2 25 | 2.34× | 6.72× | ||
| Q1 25 | 7.87× | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | 14.36× | 4.33× | ||
| Q2 24 | 7.85× | 3.48× | ||
| Q1 24 | 0.87× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
