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美国铝业公司（AA）与雅保（ALB）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是雅保的2.4倍（$3.4B vs $1.4B）。美国铝业公司净利率更高（6.2% vs -29.0%，领先35.2%）。雅保同比增速更快（15.9% vs -1.1%）。美国铝业公司自由现金流更多（$294.0M vs $233.1M）。过去两年美国铝业公司的营收复合增速更高（15.2% vs 2.4%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
AA vs ALB — 直观对比
营收规模更大
AA
是对方的2.4倍
$1.4B
营收增速更快
ALB
高出17.0%
-1.1%
净利率更高
AA
高出35.2%
-29.0%
自由现金流更多
AA
多$60.9M
$233.1M
两年增速更快
AA
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.4B |
| 净利润 | $213.0M | $-414.2M |
| 毛利率 | — | 13.9% |
| 营业利润率 | 2.0% | -15.2% |
| 净利率 | 6.2% | -29.0% |
| 营收同比 | -1.1% | 15.9% |
| 净利润同比 | 5.4% | -650.1% |
| 每股收益（稀释后） | $0.80 | $-3.88 |
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AAALB
| Q4 25 | $3.4B | $1.4B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $3.4B | $1.1B | ||
| Q4 24 | $3.5B | $1.2B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $2.6B | $1.4B |
净利润AAALB
| Q4 25 | $213.0M | $-414.2M | ||
| Q3 25 | $232.0M | $-160.7M | ||
| Q2 25 | $164.0M | $22.9M | ||
| Q1 25 | $548.0M | $41.3M | ||
| Q4 24 | $202.0M | $75.3M | ||
| Q3 24 | $90.0M | $-1.1B | ||
| Q2 24 | $20.0M | $-188.2M | ||
| Q1 24 | $-252.0M | $2.4M |
毛利率AAALB
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -0.7% | ||
| Q1 24 | — | 2.9% |
营业利润率AAALB
| Q4 25 | 2.0% | -15.2% | ||
| Q3 25 | 5.6% | -16.6% | ||
| Q2 25 | 5.3% | 3.6% | ||
| Q1 25 | 19.8% | 1.8% | ||
| Q4 24 | 9.7% | 0.4% | ||
| Q3 24 | 6.3% | -81.9% | ||
| Q2 24 | 3.2% | -34.4% | ||
| Q1 24 | -12.5% | -13.2% |
净利率AAALB
| Q4 25 | 6.2% | -29.0% | ||
| Q3 25 | 7.7% | -12.3% | ||
| Q2 25 | 5.4% | 1.7% | ||
| Q1 25 | 16.3% | 3.8% | ||
| Q4 24 | 5.8% | 6.1% | ||
| Q3 24 | 3.1% | -78.9% | ||
| Q2 24 | 0.7% | -13.2% | ||
| Q1 24 | -9.7% | 0.2% |
每股收益（稀释后）AAALB
| Q4 25 | $0.80 | $-3.88 | ||
| Q3 25 | $0.88 | $-1.72 | ||
| Q2 25 | $0.62 | $-0.16 | ||
| Q1 25 | $2.07 | $0.00 | ||
| Q4 24 | $1.18 | $0.29 | ||
| Q3 24 | $0.38 | $-9.45 | ||
| Q2 24 | $0.11 | $-1.96 | ||
| Q1 24 | $-1.41 | $-0.08 |
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 | $1.6B | — |
| 总债务越低越好 | $2.4B | $3.2B |
| 股东权益账面价值 | $6.1B | $9.5B |
| 总资产 | $16.1B | $16.4B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资AAALB
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.4B | $2.1B |
总债务AAALB
| Q4 25 | $2.4B | $3.2B | ||
| Q3 25 | $2.6B | $3.6B | ||
| Q2 25 | $2.6B | $3.6B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $3.5B | ||
| Q3 24 | $2.5B | $3.6B | ||
| Q2 24 | $2.5B | $3.5B | ||
| Q1 24 | $2.5B | $3.5B |
股东权益AAALB
| Q4 25 | $6.1B | $9.5B | ||
| Q3 25 | $6.3B | $10.0B | ||
| Q2 25 | $6.1B | $10.2B | ||
| Q1 25 | $5.8B | $10.0B | ||
| Q4 24 | $5.2B | $10.0B | ||
| Q3 24 | $5.3B | $10.2B | ||
| Q2 24 | $3.9B | $11.2B | ||
| Q1 24 | $4.0B | $11.5B |
总资产AAALB
| Q4 25 | $16.1B | $16.4B | ||
| Q3 25 | $16.0B | $17.1B | ||
| Q2 25 | $15.0B | $17.3B | ||
| Q1 25 | $14.6B | $17.0B | ||
| Q4 24 | $14.1B | $16.6B | ||
| Q3 24 | $14.5B | $17.5B | ||
| Q2 24 | $14.3B | $18.4B | ||
| Q1 24 | $14.3B | $19.0B |
负债/权益比AAALB
| Q4 25 | 0.40× | 0.33× | ||
| Q3 25 | 0.41× | 0.36× | ||
| Q2 25 | 0.42× | 0.35× | ||
| Q1 25 | 0.44× | 0.35× | ||
| Q4 24 | 0.48× | 0.35× | ||
| Q3 24 | 0.47× | 0.35× | ||
| Q2 24 | 0.63× | 0.31× | ||
| Q1 24 | 0.62× | 0.31× |
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 | $537.0M | $388.5M |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $233.1M |
| 自由现金流率自由现金流/营收 | 8.5% | 16.3% |
| 资本支出强度资本支出/营收 | 7.0% | 10.9% |
| 现金转化率经营现金流/净利润 | 2.52× | — |
| 过去12个月自由现金流最近4个季度 | $567.0M | $692.5M |
8季度趋势，按日历期对齐
经营现金流AAALB
| Q4 25 | $537.0M | $388.5M | ||
| Q3 25 | $85.0M | $355.6M | ||
| Q2 25 | $488.0M | $-7.2M | ||
| Q1 25 | $75.0M | $545.4M | ||
| Q4 24 | $415.0M | $674.0K | ||
| Q3 24 | $143.0M | $240.5M | ||
| Q2 24 | $287.0M | $362.9M | ||
| Q1 24 | $-223.0M | $98.0M |
自由现金流AAALB
| Q4 25 | $294.0M | $233.1M | ||
| Q3 25 | $-66.0M | $223.4M | ||
| Q2 25 | $357.0M | $-126.8M | ||
| Q1 25 | $-18.0M | $362.8M | ||
| Q4 24 | $246.0M | $-355.1M | ||
| Q3 24 | $-3.0M | $-62.6M | ||
| Q2 24 | $123.0M | $-84.7M | ||
| Q1 24 | $-324.0M | $-481.4M |
自由现金流率AAALB
| Q4 25 | 8.5% | 16.3% | ||
| Q3 25 | -2.2% | 17.1% | ||
| Q2 25 | 11.8% | -9.5% | ||
| Q1 25 | -0.5% | 33.7% | ||
| Q4 24 | 7.1% | -28.8% | ||
| Q3 24 | -0.1% | -4.6% | ||
| Q2 24 | 4.2% | -5.9% | ||
| Q1 24 | -12.5% | -35.4% |
资本支出强度AAALB
| Q4 25 | 7.0% | 10.9% | ||
| Q3 25 | 5.0% | 10.1% | ||
| Q2 25 | 4.3% | 9.0% | ||
| Q1 25 | 2.8% | 17.0% | ||
| Q4 24 | 4.8% | 28.9% | ||
| Q3 24 | 5.0% | 22.4% | ||
| Q2 24 | 5.6% | 31.3% | ||
| Q1 24 | 3.9% | 42.6% |
现金转化率AAALB
| Q4 25 | 2.52× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 2.98× | -0.31× | ||
| Q1 25 | 0.14× | 13.19× | ||
| Q4 24 | 2.05× | 0.01× | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 14.35× | — | ||
| Q1 24 | — | 40.01× |
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
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
