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德纳（DAN）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
德纳的季度营收约是MUELLER INDUSTRIES INC的1.3倍（$1.3B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs -3.9%，领先19.8%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -44.5%），德纳自由现金流更多（$345.0M vs $121.4M），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
DAN vs MLI — 直观对比
营收规模更大
DAN
是对方的1.3倍
$962.4M
营收增速更快
MLI
高出48.7%
-44.5%
净利率更高
MLI
高出19.8%
-3.9%
自由现金流更多
DAN
多$223.6M
$121.4M
两年增速更快
MLI
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $962.4M |
| 净利润 | $-50.0M | $153.7M |
| 毛利率 | 6.0% | — |
| 营业利润率 | -0.2% | 17.9% |
| 净利率 | -3.9% | 16.0% |
| 营收同比 | -44.5% | 4.2% |
| 净利润同比 | 37.5% | 11.7% |
| 每股收益（稀释后） | $-0.36 | $1.37 |
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DANMLI
| Q4 25 | $1.3B | $962.4M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.3B | $923.5M | ||
| Q3 24 | $2.5B | $997.8M | ||
| Q2 24 | $2.7B | $997.7M | ||
| Q1 24 | $2.7B | $849.7M |
净利润DANMLI
| Q4 25 | $-50.0M | $153.7M | ||
| Q3 25 | $83.0M | $208.1M | ||
| Q2 25 | $27.0M | $245.9M | ||
| Q1 25 | $25.0M | $157.4M | ||
| Q4 24 | $-80.0M | $137.7M | ||
| Q3 24 | $4.0M | $168.7M | ||
| Q2 24 | $16.0M | $160.2M | ||
| Q1 24 | $3.0M | $138.4M |
毛利率DANMLI
| Q4 25 | 6.0% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 9.9% | 27.6% | ||
| Q2 24 | 9.3% | 27.3% | ||
| Q1 24 | 8.9% | 28.4% |
营业利润率DANMLI
| Q4 25 | -0.2% | 17.9% | ||
| Q3 25 | 2.8% | 25.6% | ||
| Q2 25 | 0.8% | 26.7% | ||
| Q1 25 | 3.1% | 20.6% | ||
| Q4 24 | -1.5% | 18.4% | ||
| Q3 24 | 3.6% | 20.7% | ||
| Q2 24 | 3.8% | 21.0% | ||
| Q1 24 | 2.6% | 21.6% |
净利率DANMLI
| Q4 25 | -3.9% | 16.0% | ||
| Q3 25 | 4.3% | 19.3% | ||
| Q2 25 | 1.4% | 21.6% | ||
| Q1 25 | 1.1% | 15.7% | ||
| Q4 24 | -3.4% | 14.9% | ||
| Q3 24 | 0.2% | 16.9% | ||
| Q2 24 | 0.6% | 16.1% | ||
| Q1 24 | 0.1% | 16.3% |
每股收益（稀释后）DANMLI
| Q4 25 | $-0.36 | $1.37 | ||
| Q3 25 | $0.64 | $1.88 | ||
| Q2 25 | $0.19 | $2.22 | ||
| Q1 25 | $0.17 | $1.39 | ||
| Q4 24 | $-0.55 | $1.21 | ||
| Q3 24 | $0.03 | $1.48 | ||
| Q2 24 | $0.11 | $1.41 | ||
| Q1 24 | $0.02 | $1.21 |
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 | $469.0M | $1.4B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $840.0M | $3.2B |
| 总资产 | $7.8B | $3.7B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资DANMLI
| Q4 25 | $469.0M | $1.4B | ||
| Q3 25 | $414.0M | $1.3B | ||
| Q2 25 | $486.0M | $1.1B | ||
| Q1 25 | $507.0M | $873.6M | ||
| Q4 24 | $494.0M | $1.1B | ||
| Q3 24 | $419.0M | $969.6M | ||
| Q2 24 | $419.0M | $825.7M | ||
| Q1 24 | $351.0M | $1.4B |
总债务DANMLI
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
股东权益DANMLI
| Q4 25 | $840.0M | $3.2B | ||
| Q3 25 | $1.1B | $3.1B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.4B |
总资产DANMLI
| Q4 25 | $7.8B | $3.7B | ||
| Q3 25 | $8.1B | $3.7B | ||
| Q2 25 | $8.1B | $3.5B | ||
| Q1 25 | $7.8B | $3.2B | ||
| Q4 24 | $7.5B | $3.3B | ||
| Q3 24 | $7.9B | $3.2B | ||
| Q2 24 | $7.8B | $3.1B | ||
| Q1 24 | $7.9B | $2.9B |
负债/权益比DANMLI
| Q4 25 | 3.05× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.68× | — |
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 | $406.0M | $141.2M |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $121.4M |
| 自由现金流率自由现金流/营收 | 26.6% | 12.6% |
| 资本支出强度资本支出/营收 | 4.7% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $298.0M | $686.6M |
8季度趋势，按日历期对齐
经营现金流DANMLI
| Q4 25 | $406.0M | $141.2M | ||
| Q3 25 | $111.0M | $310.1M | ||
| Q2 25 | $32.0M | $190.6M | ||
| Q1 25 | $-37.0M | $113.6M | ||
| Q4 24 | $302.0M | $140.1M | ||
| Q3 24 | $35.0M | $231.4M | ||
| Q2 24 | $215.0M | $100.8M | ||
| Q1 24 | $-102.0M | $173.6M |
自由现金流DANMLI
| Q4 25 | $345.0M | $121.4M | ||
| Q3 25 | $62.0M | $291.8M | ||
| Q2 25 | $3.0M | $176.5M | ||
| Q1 25 | $-112.0M | $97.0M | ||
| Q4 24 | $149.0M | $111.2M | ||
| Q3 24 | $-11.0M | $205.7M | ||
| Q2 24 | $104.0M | $91.6M | ||
| Q1 24 | $-172.0M | $157.2M |
自由现金流率DANMLI
| Q4 25 | 26.6% | 12.6% | ||
| Q3 25 | 3.2% | 27.1% | ||
| Q2 25 | 0.2% | 15.5% | ||
| Q1 25 | -4.8% | 9.7% | ||
| Q4 24 | 6.4% | 12.0% | ||
| Q3 24 | -0.4% | 20.6% | ||
| Q2 24 | 3.8% | 9.2% | ||
| Q1 24 | -6.3% | 18.5% |
资本支出强度DANMLI
| Q4 25 | 4.7% | 2.1% | ||
| Q3 25 | 2.6% | 1.7% | ||
| Q2 25 | 1.5% | 1.2% | ||
| Q1 25 | 3.2% | 1.7% | ||
| Q4 24 | 6.6% | 3.1% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 4.1% | 0.9% | ||
| Q1 24 | 2.6% | 1.9% |
现金转化率DANMLI
| Q4 25 | — | 0.92× | ||
| Q3 25 | 1.34× | 1.49× | ||
| Q2 25 | 1.19× | 0.78× | ||
| Q1 25 | -1.48× | 0.72× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 8.75× | 1.37× | ||
| Q2 24 | 13.44× | 0.63× | ||
| Q1 24 | -34.00× | 1.25× |
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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
