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艾仕得（AXTA）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是艾仕得的1.0倍（$1.3B vs $1.3B），TEREX CORP净利率更高（4.8% vs 4.8%，领先0.0%），TEREX CORP同比增速更快（6.2% vs -3.7%），艾仕得自由现金流更多（$286.0M vs $171.0M），过去两年TEREX CORP的营收复合增速更高（1.0% 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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
AXTA vs TEX — 直观对比
营收规模更大
TEX
是对方的1.0倍
$1.3B
营收增速更快
TEX
高出10.0%
-3.7%
净利率更高
TEX
高出0.0%
4.8%
自由现金流更多
AXTA
多$115.0M
$171.0M
两年增速更快
TEX
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $60.0M | $63.0M |
| 毛利率 | 33.4% | 18.8% |
| 营业利润率 | 12.8% | 10.4% |
| 净利率 | 4.8% | 4.8% |
| 营收同比 | -3.7% | 6.2% |
| 净利润同比 | -56.2% | 2963.6% |
| 每股收益（稀释后） | $0.28 | $0.95 |
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AXTATEX
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
净利润AXTATEX
| Q4 25 | $60.0M | $63.0M | ||
| Q3 25 | $110.0M | $65.0M | ||
| Q2 25 | $109.0M | $72.0M | ||
| Q1 25 | $99.0M | $21.0M | ||
| Q4 24 | $137.0M | $-2.2M | ||
| Q3 24 | $101.0M | $88.0M | ||
| Q2 24 | $112.0M | $140.7M | ||
| Q1 24 | $41.0M | $108.5M |
毛利率AXTATEX
| Q4 25 | 33.4% | 18.8% | ||
| Q3 25 | 34.9% | 20.3% | ||
| Q2 25 | 35.0% | 19.6% | ||
| Q1 25 | 34.3% | 18.7% | ||
| Q4 24 | 34.1% | 15.9% | ||
| Q3 24 | 35.0% | 20.2% | ||
| Q2 24 | 34.0% | 23.8% | ||
| Q1 24 | 33.2% | 23.0% |
营业利润率AXTATEX
| Q4 25 | 12.8% | 10.4% | ||
| Q3 25 | 15.8% | 10.1% | ||
| Q2 25 | 14.8% | 8.7% | ||
| Q1 25 | 13.9% | 5.6% | ||
| Q4 24 | 14.3% | 4.2% | ||
| Q3 24 | 14.6% | 10.1% | ||
| Q2 24 | 15.2% | 14.0% | ||
| Q1 24 | 9.4% | 12.2% |
净利率AXTATEX
| Q4 25 | 4.8% | 4.8% | ||
| Q3 25 | 8.5% | 4.7% | ||
| Q2 25 | 8.4% | 4.8% | ||
| Q1 25 | 7.8% | 1.7% | ||
| Q4 24 | 10.5% | -0.2% | ||
| Q3 24 | 7.7% | 7.3% | ||
| Q2 24 | 8.3% | 10.2% | ||
| Q1 24 | 3.2% | 8.4% |
每股收益（稀释后）AXTATEX
| Q4 25 | $0.28 | $0.95 | ||
| Q3 25 | $0.51 | $0.98 | ||
| Q2 25 | $0.50 | $1.09 | ||
| Q1 25 | $0.45 | $0.31 | ||
| Q4 24 | $0.63 | $-0.03 | ||
| Q3 24 | $0.46 | $1.31 | ||
| Q2 24 | $0.51 | $2.08 | ||
| Q1 24 | $0.18 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | $3.2B | $2.6B |
| 股东权益账面价值 | $2.3B | $2.1B |
| 总资产 | $7.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资AXTATEX
| Q4 25 | $657.0M | $772.0M | ||
| Q3 25 | $606.0M | $509.0M | ||
| Q2 25 | $625.0M | $374.0M | ||
| Q1 25 | $575.0M | $298.0M | ||
| Q4 24 | $593.0M | $388.0M | ||
| Q3 24 | $567.0M | $352.0M | ||
| Q2 24 | $840.0M | $319.3M | ||
| Q1 24 | $624.0M | $364.9M |
总债务AXTATEX
| Q4 25 | $3.2B | $2.6B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | $2.6B | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTATEX
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.7B | $1.7B |
总资产AXTATEX
| Q4 25 | $7.6B | $6.1B | ||
| Q3 25 | $7.8B | $6.2B | ||
| Q2 25 | $7.8B | $6.2B | ||
| Q1 25 | $7.4B | $5.8B | ||
| Q4 24 | $7.2B | $5.7B | ||
| Q3 24 | $7.5B | $3.8B | ||
| Q2 24 | $7.3B | $3.8B | ||
| Q1 24 | $7.1B | $3.8B |
负债/权益比AXTATEX
| Q4 25 | 1.36× | 1.23× | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | 1.41× | ||
| 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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $171.0M |
| 自由现金流率自由现金流/营收 | 22.7% | 13.0% |
| 资本支出强度资本支出/营收 | 4.6% | 2.6% |
| 现金转化率经营现金流/净利润 | 5.73× | 3.25× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $322.0M |
8季度趋势，按日历期对齐
经营现金流AXTATEX
| Q4 25 | $344.0M | $205.0M | ||
| Q3 25 | $137.0M | $154.0M | ||
| Q2 25 | $142.0M | $102.0M | ||
| Q1 25 | $26.0M | $-21.0M | ||
| Q4 24 | $234.0M | $177.0M | ||
| Q3 24 | $194.0M | $116.4M | ||
| Q2 24 | $114.0M | $66.5M | ||
| Q1 24 | $34.0M | $-33.9M |
自由现金流AXTATEX
| Q4 25 | $286.0M | $171.0M | ||
| Q3 25 | $87.0M | $130.0M | ||
| Q2 25 | $97.0M | $78.0M | ||
| Q1 25 | $-17.0M | $-57.0M | ||
| Q4 24 | $172.0M | $128.0M | ||
| Q3 24 | $161.0M | $87.4M | ||
| Q2 24 | $91.0M | $42.5M | ||
| Q1 24 | $12.0M | $-68.9M |
自由现金流率AXTATEX
| Q4 25 | 22.7% | 13.0% | ||
| Q3 25 | 6.8% | 9.4% | ||
| Q2 25 | 7.4% | 5.2% | ||
| Q1 25 | -1.3% | -4.6% | ||
| Q4 24 | 13.1% | 10.3% | ||
| Q3 24 | 12.2% | 7.2% | ||
| Q2 24 | 6.7% | 3.1% | ||
| Q1 24 | 0.9% | -5.3% |
资本支出强度AXTATEX
| Q4 25 | 4.6% | 2.6% | ||
| Q3 25 | 3.9% | 1.7% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 3.4% | 2.9% | ||
| Q4 24 | 4.7% | 3.9% | ||
| Q3 24 | 2.5% | 2.4% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 1.7% | 2.7% |
现金转化率AXTATEX
| Q4 25 | 5.73× | 3.25× | ||
| Q3 25 | 1.25× | 2.37× | ||
| Q2 25 | 1.30× | 1.42× | ||
| Q1 25 | 0.26× | -1.00× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | 1.32× | ||
| Q2 24 | 1.02× | 0.47× | ||
| Q1 24 | 0.83× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
