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艾仕得（AXTA）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是艾仕得的1.3倍（$1.7B vs $1.3B），格罗方德净利率更高（14.8% vs 4.8%，领先10.0%），格罗方德同比增速更快（-2.9% vs -3.7%），过去两年艾仕得的营收复合增速更高（-1.2% vs -4.3%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
AXTA vs GFS — 直观对比
营收规模更大
GFS
是对方的1.3倍
$1.3B
营收增速更快
GFS
高出0.8%
-3.7%
净利率更高
GFS
高出10.0%
4.8%
两年增速更快
AXTA
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $60.0M | $249.0M |
| 毛利率 | 33.4% | 24.8% |
| 营业利润率 | 12.8% | 11.6% |
| 净利率 | 4.8% | 14.8% |
| 营收同比 | -3.7% | -2.9% |
| 净利润同比 | -56.2% | 39.9% |
| 每股收益（稀释后） | $0.28 | $0.44 |
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AXTAGFS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.5B |
净利润AXTAGFS
| Q4 25 | $60.0M | — | ||
| Q3 25 | $110.0M | $249.0M | ||
| Q2 25 | $109.0M | $228.0M | ||
| Q1 25 | $99.0M | $211.0M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $101.0M | $178.0M | ||
| Q2 24 | $112.0M | $155.0M | ||
| Q1 24 | $41.0M | $134.0M |
毛利率AXTAGFS
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.9% | 24.8% | ||
| Q2 25 | 35.0% | 24.2% | ||
| Q1 25 | 34.3% | 22.4% | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.0% | 23.8% | ||
| Q2 24 | 34.0% | 24.2% | ||
| Q1 24 | 33.2% | 25.4% |
营业利润率AXTAGFS
| Q4 25 | 12.8% | — | ||
| Q3 25 | 15.8% | 11.6% | ||
| Q2 25 | 14.8% | 11.6% | ||
| Q1 25 | 13.9% | 9.5% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 14.6% | 10.6% | ||
| Q2 24 | 15.2% | 9.5% | ||
| Q1 24 | 9.4% | 9.5% |
净利率AXTAGFS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 8.5% | 14.8% | ||
| Q2 25 | 8.4% | 13.5% | ||
| Q1 25 | 7.8% | 13.3% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 7.7% | 10.2% | ||
| Q2 24 | 8.3% | 9.5% | ||
| Q1 24 | 3.2% | 8.7% |
每股收益（稀释后）AXTAGFS
| Q4 25 | $0.28 | — | ||
| Q3 25 | $0.51 | $0.44 | ||
| Q2 25 | $0.50 | $0.41 | ||
| Q1 25 | $0.45 | $0.38 | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.46 | $0.32 | ||
| Q2 24 | $0.51 | $0.28 | ||
| Q1 24 | $0.18 | $0.24 |
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 | $657.0M | $2.0B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $11.8B |
| 总资产 | $7.6B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTAGFS
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | $2.0B | ||
| Q2 25 | $625.0M | $1.8B | ||
| Q1 25 | $575.0M | $1.6B | ||
| Q4 24 | $593.0M | — | ||
| Q3 24 | $567.0M | $2.3B | ||
| Q2 24 | $840.0M | $2.2B | ||
| Q1 24 | $624.0M | $2.2B |
总债务AXTAGFS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTAGFS
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $11.8B | ||
| Q2 25 | $2.3B | $11.5B | ||
| Q1 25 | $2.1B | $11.1B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $11.6B | ||
| Q2 24 | $1.8B | $11.3B | ||
| Q1 24 | $1.7B | $11.3B |
总资产AXTAGFS
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.8B | $16.7B | ||
| Q2 25 | $7.8B | $16.8B | ||
| Q1 25 | $7.4B | $16.5B | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.5B | $18.1B | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.1B | — |
负债/权益比AXTAGFS
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | — |
| 自由现金流率自由现金流/营收 | 22.7% | — |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 5.73× | 2.39× |
| 过去12个月自由现金流最近4个季度 | $453.0M | — |
8季度趋势，按日历期对齐
经营现金流AXTAGFS
| Q4 25 | $344.0M | — | ||
| Q3 25 | $137.0M | $595.0M | ||
| Q2 25 | $142.0M | $431.0M | ||
| Q1 25 | $26.0M | $331.0M | ||
| Q4 24 | $234.0M | — | ||
| Q3 24 | $194.0M | $375.0M | ||
| Q2 24 | $114.0M | $402.0M | ||
| Q1 24 | $34.0M | $488.0M |
自由现金流AXTAGFS
| Q4 25 | $286.0M | — | ||
| Q3 25 | $87.0M | — | ||
| Q2 25 | $97.0M | — | ||
| Q1 25 | $-17.0M | — | ||
| Q4 24 | $172.0M | — | ||
| Q3 24 | $161.0M | — | ||
| Q2 24 | $91.0M | — | ||
| Q1 24 | $12.0M | — |
自由现金流率AXTAGFS
| Q4 25 | 22.7% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 0.9% | — |
资本支出强度AXTAGFS
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.7% | — |
现金转化率AXTAGFS
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | 2.39× | ||
| Q2 25 | 1.30× | 1.89× | ||
| Q1 25 | 0.26× | 1.57× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | 2.11× | ||
| Q2 24 | 1.02× | 2.59× | ||
| Q1 24 | 0.83× | 3.64× |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
