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艾仕得（AXTA）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是艾仕得的2.1倍（$2.7B vs $1.3B），艾仕得净利率更高（4.8% vs -1.4%，领先6.1%），艾仕得同比增速更快（-3.7% vs -9.1%），艾仕得自由现金流更多（$286.0M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -1.2%）
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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
AXTA vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的2.1倍
$1.3B
营收增速更快
AXTA
高出5.4%
-9.1%
净利率更高
AXTA
高出6.1%
-1.4%
自由现金流更多
AXTA
多$95.0M
$191.0M
两年增速更快
QVCGA
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.7B |
| 净利润 | $60.0M | $-37.0M |
| 毛利率 | 33.4% | 32.9% |
| 营业利润率 | 12.8% | 3.7% |
| 净利率 | 4.8% | -1.4% |
| 营收同比 | -3.7% | -9.1% |
| 净利润同比 | -56.2% | 97.1% |
| 每股收益（稀释后） | $0.28 | $-17.37 |
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AXTAQVCGA
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.3B | $2.3B |
净利润AXTAQVCGA
| Q4 25 | $60.0M | $-37.0M | ||
| Q3 25 | $110.0M | $-80.0M | ||
| Q2 25 | $109.0M | $-2.2B | ||
| Q1 25 | $99.0M | $-100.0M | ||
| Q4 24 | $137.0M | $-1.3B | ||
| Q3 24 | $101.0M | $-23.0M | ||
| Q2 24 | $112.0M | $20.0M | ||
| Q1 24 | $41.0M | $-1.0M |
毛利率AXTAQVCGA
| Q4 25 | 33.4% | 32.9% | ||
| Q3 25 | 34.9% | 34.0% | ||
| Q2 25 | 35.0% | 36.4% | ||
| Q1 25 | 34.3% | 34.2% | ||
| Q4 24 | 34.1% | 33.3% | ||
| Q3 24 | 35.0% | 35.3% | ||
| Q2 24 | 34.0% | 36.4% | ||
| Q1 24 | 33.2% | 35.5% |
营业利润率AXTAQVCGA
| Q4 25 | 12.8% | 3.7% | ||
| Q3 25 | 15.8% | 2.7% | ||
| Q2 25 | 14.8% | -101.6% | ||
| Q1 25 | 13.9% | 0.7% | ||
| Q4 24 | 14.3% | -43.2% | ||
| Q3 24 | 14.6% | 6.5% | ||
| Q2 24 | 15.2% | 6.9% | ||
| Q1 24 | 9.4% | 6.2% |
净利率AXTAQVCGA
| Q4 25 | 4.8% | -1.4% | ||
| Q3 25 | 8.5% | -3.6% | ||
| Q2 25 | 8.4% | -99.4% | ||
| Q1 25 | 7.8% | -4.8% | ||
| Q4 24 | 10.5% | -43.7% | ||
| Q3 24 | 7.7% | -1.0% | ||
| Q2 24 | 8.3% | 0.8% | ||
| Q1 24 | 3.2% | -0.0% |
每股收益（稀释后）AXTAQVCGA
| Q4 25 | $0.28 | $-17.37 | ||
| Q3 25 | $0.51 | $-9.89 | ||
| Q2 25 | $0.50 | $-275.46 | ||
| Q1 25 | $0.45 | $-0.25 | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.46 | $-0.06 | ||
| Q2 24 | $0.51 | $2.57 | ||
| Q1 24 | $0.18 | — |
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 | $790.0M |
| 股东权益账面价值 | $2.3B | $-3.1B |
| 总资产 | $7.6B | $7.6B |
| 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AXTAQVCGA
| Q4 25 | $657.0M | $2.0B | ||
| Q3 25 | $606.0M | $1.8B | ||
| Q2 25 | $625.0M | $897.0M | ||
| Q1 25 | $575.0M | $833.0M | ||
| Q4 24 | $593.0M | $905.0M | ||
| Q3 24 | $567.0M | $873.0M | ||
| Q2 24 | $840.0M | $1.2B | ||
| Q1 24 | $624.0M | $1.1B |
总债务AXTAQVCGA
| Q4 25 | $3.2B | $790.0M | ||
| Q3 25 | $3.4B | $5.9B | ||
| Q2 25 | $3.4B | $4.9B | ||
| Q1 25 | $3.4B | $5.0B | ||
| Q4 24 | $3.4B | $4.1B | ||
| Q3 24 | $3.5B | $5.1B | ||
| Q2 24 | $3.6B | $5.3B | ||
| Q1 24 | $3.4B | $5.5B |
股东权益AXTAQVCGA
| Q4 25 | $2.3B | $-3.1B | ||
| Q3 25 | $2.3B | $-3.1B | ||
| Q2 25 | $2.3B | $-3.0B | ||
| Q1 25 | $2.1B | $-981.0M | ||
| Q4 24 | $1.9B | $-971.0M | ||
| Q3 24 | $1.9B | $397.0M | ||
| Q2 24 | $1.8B | $328.0M | ||
| Q1 24 | $1.7B | $255.0M |
总资产AXTAQVCGA
| Q4 25 | $7.6B | $7.6B | ||
| Q3 25 | $7.8B | $7.6B | ||
| Q2 25 | $7.8B | $6.7B | ||
| Q1 25 | $7.4B | $9.0B | ||
| Q4 24 | $7.2B | $9.2B | ||
| Q3 24 | $7.5B | $10.8B | ||
| Q2 24 | $7.3B | $10.9B | ||
| Q1 24 | $7.1B | $11.0B |
负债/权益比AXTAQVCGA
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | 12.74× | ||
| Q2 24 | 2.02× | 16.28× | ||
| Q1 24 | 1.97× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 22.7% | 7.1% |
| 资本支出强度资本支出/营收 | 4.6% | 2.0% |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | $118.0M |
8季度趋势，按日历期对齐
经营现金流AXTAQVCGA
| Q4 25 | $344.0M | $244.0M | ||
| Q3 25 | $137.0M | $4.0M | ||
| Q2 25 | $142.0M | $86.0M | ||
| Q1 25 | $26.0M | $-60.0M | ||
| Q4 24 | $234.0M | $212.0M | ||
| Q3 24 | $194.0M | $20.0M | ||
| Q2 24 | $114.0M | $267.0M | ||
| Q1 24 | $34.0M | $26.0M |
自由现金流AXTAQVCGA
| Q4 25 | $286.0M | $191.0M | ||
| Q3 25 | $87.0M | $-27.0M | ||
| Q2 25 | $97.0M | $48.0M | ||
| Q1 25 | $-17.0M | $-94.0M | ||
| Q4 24 | $172.0M | $150.0M | ||
| Q3 24 | $161.0M | $-23.0M | ||
| Q2 24 | $91.0M | $213.0M | ||
| Q1 24 | $12.0M | $-14.0M |
自由现金流率AXTAQVCGA
| Q4 25 | 22.7% | 7.1% | ||
| Q3 25 | 6.8% | -1.2% | ||
| Q2 25 | 7.4% | 2.1% | ||
| Q1 25 | -1.3% | -4.5% | ||
| Q4 24 | 13.1% | 5.1% | ||
| Q3 24 | 12.2% | -1.0% | ||
| Q2 24 | 6.7% | 8.8% | ||
| Q1 24 | 0.9% | -0.6% |
资本支出强度AXTAQVCGA
| Q4 25 | 4.6% | 2.0% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 3.4% | 1.7% | ||
| Q1 25 | 3.4% | 1.6% | ||
| Q4 24 | 4.7% | 2.1% | ||
| Q3 24 | 2.5% | 1.8% | ||
| Q2 24 | 1.7% | 2.2% | ||
| Q1 24 | 1.7% | 1.7% |
现金转化率AXTAQVCGA
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | 13.35× | ||
| Q1 24 | 0.83× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
