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美国铝业公司（AA）与科迪华（CTVA）财务数据对比。点击上方公司名可切换其他公司
科迪华的季度营收约是美国铝业公司的1.1倍（$3.9B vs $3.4B）。美国铝业公司净利率更高（6.2% vs -14.1%，领先20.3%）。美国铝业公司同比增速更快（-1.1% vs -1.7%）。科迪华自由现金流更多（$4.2B vs $294.0M）。过去两年美国铝业公司的营收复合增速更高（15.2% vs -6.7%）
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。
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
AA vs CTVA — 直观对比
营收规模更大
CTVA
是对方的1.1倍
$3.4B
营收增速更快
AA
高出0.6%
-1.7%
净利率更高
AA
高出20.3%
-14.1%
自由现金流更多
CTVA
多$3.9B
$294.0M
两年增速更快
AA
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.9B |
| 净利润 | $213.0M | $-552.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 2.0% | -13.6% |
| 净利率 | 6.2% | -14.1% |
| 营收同比 | -1.1% | -1.7% |
| 净利润同比 | 5.4% | -1246.3% |
| 每股收益（稀释后） | $0.80 | $-0.80 |
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AACTVA
| Q4 25 | $3.4B | $3.9B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $3.0B | $6.5B | ||
| Q1 25 | $3.4B | $4.4B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $2.9B | $6.1B | ||
| Q1 24 | $2.6B | $4.5B |
净利润AACTVA
| Q4 25 | $213.0M | $-552.0M | ||
| Q3 25 | $232.0M | $-320.0M | ||
| Q2 25 | $164.0M | $1.3B | ||
| Q1 25 | $548.0M | $652.0M | ||
| Q4 24 | $202.0M | $-41.0M | ||
| Q3 24 | $90.0M | $-524.0M | ||
| Q2 24 | $20.0M | $1.1B | ||
| Q1 24 | $-252.0M | $419.0M |
毛利率AACTVA
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 54.6% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | 43.2% |
营业利润率AACTVA
| Q4 25 | 2.0% | -13.6% | ||
| Q3 25 | 5.6% | -14.1% | ||
| Q2 25 | 5.3% | 27.9% | ||
| Q1 25 | 19.8% | 17.7% | ||
| Q4 24 | 9.7% | 2.2% | ||
| Q3 24 | 6.3% | -27.2% | ||
| Q2 24 | 3.2% | 21.9% | ||
| Q1 24 | -12.5% | 10.7% |
净利率AACTVA
| Q4 25 | 6.2% | -14.1% | ||
| Q3 25 | 7.7% | -12.2% | ||
| Q2 25 | 5.4% | 20.4% | ||
| Q1 25 | 16.3% | 14.8% | ||
| Q4 24 | 5.8% | -1.0% | ||
| Q3 24 | 3.1% | -22.5% | ||
| Q2 24 | 0.7% | 17.2% | ||
| Q1 24 | -9.7% | 9.3% |
每股收益（稀释后）AACTVA
| Q4 25 | $0.80 | $-0.80 | ||
| Q3 25 | $0.88 | $-0.47 | ||
| Q2 25 | $0.62 | $1.92 | ||
| Q1 25 | $2.07 | $0.95 | ||
| Q4 24 | $1.18 | $-0.05 | ||
| Q3 24 | $0.38 | $-0.76 | ||
| Q2 24 | $0.11 | $1.51 | ||
| Q1 24 | $-1.41 | $0.60 |
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 | $1.6B | $4.5B |
| 总债务越低越好 | $2.4B | $1.7B |
| 股东权益账面价值 | $6.1B | $24.1B |
| 总资产 | $16.1B | $42.8B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资AACTVA
| Q4 25 | $1.6B | $4.5B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.7B |
总债务AACTVA
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.5B | $2.0B | ||
| Q2 24 | $2.5B | $2.5B | ||
| Q1 24 | $2.5B | $2.5B |
股东权益AACTVA
| Q4 25 | $6.1B | $24.1B | ||
| Q3 25 | $6.3B | $25.2B | ||
| Q2 25 | $6.1B | $25.9B | ||
| Q1 25 | $5.8B | $24.3B | ||
| Q4 24 | $5.2B | $23.8B | ||
| Q3 24 | $5.3B | $24.7B | ||
| Q2 24 | $3.9B | $25.2B | ||
| Q1 24 | $4.0B | $24.8B |
总资产AACTVA
| Q4 25 | $16.1B | $42.8B | ||
| Q3 25 | $16.0B | $42.2B | ||
| Q2 25 | $15.0B | $41.8B | ||
| Q1 25 | $14.6B | $42.1B | ||
| Q4 24 | $14.1B | $40.8B | ||
| Q3 24 | $14.5B | $41.9B | ||
| Q2 24 | $14.3B | $41.5B | ||
| Q1 24 | $14.3B | $43.6B |
负债/权益比AACTVA
| Q4 25 | 0.40× | 0.07× | ||
| Q3 25 | 0.41× | 0.07× | ||
| Q2 25 | 0.42× | 0.07× | ||
| Q1 25 | 0.44× | 0.07× | ||
| Q4 24 | 0.48× | 0.08× | ||
| Q3 24 | 0.47× | 0.08× | ||
| Q2 24 | 0.63× | 0.10× | ||
| Q1 24 | 0.62× | 0.10× |
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 | $4.4B |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $4.2B |
| 自由现金流率自由现金流/营收 | 8.5% | 106.2% |
| 资本支出强度资本支出/营收 | 7.0% | 5.7% |
| 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 | $2.8B |
8季度趋势，按日历期对齐
经营现金流AACTVA
| Q4 25 | $537.0M | $4.4B | ||
| Q3 25 | $85.0M | $193.0M | ||
| Q2 25 | $488.0M | $947.0M | ||
| Q1 25 | $75.0M | $-2.1B | ||
| Q4 24 | $415.0M | $4.2B | ||
| Q3 24 | $143.0M | $130.0M | ||
| Q2 24 | $287.0M | $451.0M | ||
| Q1 24 | $-223.0M | $-2.6B |
自由现金流AACTVA
| Q4 25 | $294.0M | $4.2B | ||
| Q3 25 | $-66.0M | $36.0M | ||
| Q2 25 | $357.0M | $829.0M | ||
| Q1 25 | $-18.0M | $-2.2B | ||
| Q4 24 | $246.0M | $4.0B | ||
| Q3 24 | $-3.0M | $-24.0M | ||
| Q2 24 | $123.0M | $337.0M | ||
| Q1 24 | $-324.0M | $-2.8B |
自由现金流率AACTVA
| Q4 25 | 8.5% | 106.2% | ||
| Q3 25 | -2.2% | 1.4% | ||
| Q2 25 | 11.8% | 12.8% | ||
| Q1 25 | -0.5% | -49.9% | ||
| Q4 24 | 7.1% | 100.4% | ||
| Q3 24 | -0.1% | -1.0% | ||
| Q2 24 | 4.2% | 5.5% | ||
| Q1 24 | -12.5% | -61.4% |
资本支出强度AACTVA
| Q4 25 | 7.0% | 5.7% | ||
| Q3 25 | 5.0% | 6.0% | ||
| Q2 25 | 4.3% | 1.8% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 4.8% | 4.6% | ||
| Q3 24 | 5.0% | 6.6% | ||
| Q2 24 | 5.6% | 1.9% | ||
| Q1 24 | 3.9% | 3.3% |
现金转化率AACTVA
| Q4 25 | 2.52× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 2.98× | 0.72× | ||
| Q1 25 | 0.14× | -3.23× | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 14.35× | 0.43× | ||
| Q1 24 | — | -6.23× |
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% |
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
