vs
爱科（AGCO）与伊士曼化工（EMN）财务数据对比。点击上方公司名可切换其他公司
爱科的季度营收约是伊士曼化工的1.5倍（$2.9B vs $2.0B），伊士曼化工净利率更高（5.3% vs 3.3%，领先2.1%），爱科同比增速更快（1.1% vs -13.8%），过去两年爱科的营收复合增速更高（-0.1% vs -8.6%）
AGCO是1990年成立的美国农业机械制造商，总部位于佐治亚州德卢斯。公司主营设计、生产及销售拖拉机、联合收割机、青贮收获机、牧草设备、自走式喷雾机、播种耕作设备等产品，同时提供智慧农业相关技术解决方案。
伊士曼化工是总部位于美国田纳西州金斯波特的全球特种材料企业，前身为柯达子公司，1920年成立，1994年独立运营。公司在全球拥有36个生产基地、约1.4万名员工，生产各类先进材料、化学品和纤维产品，广泛应用于日常生活领域，2023年销售额约92.1亿美元。
AGCO vs EMN — 直观对比
营收规模更大
AGCO
是对方的1.5倍
$2.0B
营收增速更快
AGCO
高出15.0%
-13.8%
净利率更高
EMN
高出2.1%
3.3%
两年增速更快
AGCO
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.0B |
| 净利润 | $95.5M | $105.0M |
| 毛利率 | 25.4% | 17.1% |
| 营业利润率 | 7.9% | — |
| 净利率 | 3.3% | 5.3% |
| 营收同比 | 1.1% | -13.8% |
| 净利润同比 | 137.3% | -42.3% |
| 每股收益（稀释后） | $1.30 | $0.93 |
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AGCOEMN
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $2.6B | $2.5B | ||
| Q2 24 | $3.2B | $2.4B |
净利润AGCOEMN
| Q1 26 | — | $105.0M | ||
| Q4 25 | $95.5M | $105.0M | ||
| Q3 25 | $305.7M | $47.0M | ||
| Q2 25 | $314.8M | $140.0M | ||
| Q1 25 | $10.5M | $182.0M | ||
| Q4 24 | $-255.7M | $330.0M | ||
| Q3 24 | $30.0M | $180.0M | ||
| Q2 24 | $-367.1M | $230.0M |
毛利率AGCOEMN
| Q1 26 | — | 17.1% | ||
| Q4 25 | 25.4% | 17.1% | ||
| Q3 25 | 26.1% | 19.7% | ||
| Q2 25 | 25.0% | 22.1% | ||
| Q1 25 | 25.4% | 24.8% | ||
| Q4 24 | 23.9% | 24.7% | ||
| Q3 24 | 23.2% | 24.6% | ||
| Q2 24 | 25.8% | 25.3% |
营业利润率AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 0.6% | ||
| Q3 25 | 6.1% | 6.1% | ||
| Q2 25 | 6.2% | 7.4% | ||
| Q1 25 | 2.4% | 11.0% | ||
| Q4 24 | -9.3% | 13.2% | ||
| Q3 24 | 4.4% | 11.4% | ||
| Q2 24 | -7.4% | 12.1% |
净利率AGCOEMN
| Q1 26 | — | 5.3% | ||
| Q4 25 | 3.3% | 5.3% | ||
| Q3 25 | 12.3% | 2.1% | ||
| Q2 25 | 11.9% | 6.1% | ||
| Q1 25 | 0.5% | 7.9% | ||
| Q4 24 | -8.9% | 14.7% | ||
| Q3 24 | 1.2% | 7.3% | ||
| Q2 24 | -11.3% | 9.7% |
每股收益（稀释后）AGCOEMN
| Q1 26 | — | $0.93 | ||
| Q4 25 | $1.30 | $0.93 | ||
| Q3 25 | $4.09 | $0.40 | ||
| Q2 25 | $4.22 | $1.20 | ||
| Q1 25 | $0.14 | $1.57 | ||
| Q4 24 | $-3.42 | $2.81 | ||
| Q3 24 | $0.40 | $1.53 | ||
| Q2 24 | $-4.92 | $1.94 |
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 | $861.8M | $566.0M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | $6.0B |
| 总资产 | $11.9B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资AGCOEMN
| Q1 26 | — | $566.0M | ||
| Q4 25 | $861.8M | $566.0M | ||
| Q3 25 | $884.1M | — | ||
| Q2 25 | $783.9M | — | ||
| Q1 25 | $562.6M | — | ||
| Q4 24 | $612.7M | $837.0M | ||
| Q3 24 | $622.6M | — | ||
| Q2 24 | $657.3M | — |
总债务AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — |
股东权益AGCOEMN
| Q1 26 | — | $6.0B | ||
| Q4 25 | $4.3B | $6.0B | ||
| Q3 25 | $4.5B | $5.8B | ||
| Q2 25 | $4.2B | $5.8B | ||
| Q1 25 | $3.8B | $5.9B | ||
| Q4 24 | $3.7B | $5.8B | ||
| Q3 24 | $4.1B | $5.7B | ||
| Q2 24 | $4.1B | $5.6B |
总资产AGCOEMN
| Q1 26 | — | $14.9B | ||
| Q4 25 | $11.9B | $14.9B | ||
| Q3 25 | $12.5B | $15.0B | ||
| Q2 25 | $12.3B | $15.2B | ||
| Q1 25 | $11.5B | $15.0B | ||
| Q4 24 | $11.2B | $15.2B | ||
| Q3 24 | $13.5B | $15.1B | ||
| Q2 24 | $13.6B | $14.9B |
负债/权益比AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.95× | — |
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 | $763.6M | — |
| 自由现金流经营现金流 - 资本支出 | $675.0M | — |
| 自由现金流率自由现金流/营收 | 23.1% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 8.00× | — |
| 过去12个月自由现金流最近4个季度 | $740.2M | — |
8季度趋势，按日历期对齐
经营现金流AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | $763.6M | $502.0M | ||
| Q3 25 | $71.0M | $402.0M | ||
| Q2 25 | $365.7M | $233.0M | ||
| Q1 25 | $-212.2M | $-167.0M | ||
| Q4 24 | $797.9M | $540.0M | ||
| Q3 24 | $26.5M | $396.0M | ||
| Q2 24 | $235.5M | $367.0M |
自由现金流AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | $675.0M | $390.0M | ||
| Q3 25 | $2.1M | $265.0M | ||
| Q2 25 | $323.5M | $83.0M | ||
| Q1 25 | $-260.4M | $-314.0M | ||
| Q4 24 | $683.9M | $361.0M | ||
| Q3 24 | $-59.8M | $276.0M | ||
| Q2 24 | $137.5M | $252.0M |
自由现金流率AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 19.8% | ||
| Q3 25 | 0.1% | 12.0% | ||
| Q2 25 | 12.3% | 3.6% | ||
| Q1 25 | -12.7% | -13.7% | ||
| Q4 24 | 23.7% | 16.1% | ||
| Q3 24 | -2.3% | 11.2% | ||
| Q2 24 | 4.2% | 10.7% |
资本支出强度AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.7% | ||
| Q3 25 | 2.8% | 6.2% | ||
| Q2 25 | 1.6% | 6.6% | ||
| Q1 25 | 2.4% | 6.4% | ||
| Q4 24 | 3.9% | 8.0% | ||
| Q3 24 | 3.3% | 4.9% | ||
| Q2 24 | 3.0% | 4.9% |
现金转化率AGCOEMN
| Q1 26 | — | — | ||
| Q4 25 | 8.00× | 4.78× | ||
| Q3 25 | 0.23× | 8.55× | ||
| Q2 25 | 1.16× | 1.66× | ||
| Q1 25 | -20.21× | -0.92× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | 0.88× | 2.20× | ||
| Q2 24 | — | 1.60× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
