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雅保（ALB）与百通（BDC）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是百通的2.0倍（$1.4B vs $720.1M）。百通净利率更高（9.4% vs -29.0%，领先38.4%）。雅保同比增速更快（15.9% vs 8.1%）。雅保自由现金流更多（$233.1M vs $121.3M）。过去两年百通的营收复合增速更高（15.9% vs 2.4%）
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。
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
ALB vs BDC — 直观对比
营收规模更大
ALB
是对方的2.0倍
$720.1M
营收增速更快
ALB
高出7.8%
8.1%
净利率更高
BDC
高出38.4%
-29.0%
自由现金流更多
ALB
多$111.8M
$121.3M
两年增速更快
BDC
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $720.1M |
| 净利润 | $-414.2M | $67.9M |
| 毛利率 | 13.9% | 36.6% |
| 营业利润率 | -15.2% | 12.2% |
| 净利率 | -29.0% | 9.4% |
| 营收同比 | 15.9% | 8.1% |
| 净利润同比 | -650.1% | 16.3% |
| 每股收益（稀释后） | $-3.88 | $1.70 |
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ALBBDC
| Q4 25 | $1.4B | $720.1M | ||
| Q3 25 | $1.3B | $698.2M | ||
| Q2 25 | $1.3B | $672.0M | ||
| Q1 25 | $1.1B | $624.9M | ||
| Q4 24 | $1.2B | $666.0M | ||
| Q3 24 | $1.4B | $654.9M | ||
| Q2 24 | $1.4B | $604.3M | ||
| Q1 24 | $1.4B | $535.7M |
净利润ALBBDC
| Q4 25 | $-414.2M | $67.9M | ||
| Q3 25 | $-160.7M | $56.7M | ||
| Q2 25 | $22.9M | $61.0M | ||
| Q1 25 | $41.3M | $51.9M | ||
| Q4 24 | $75.3M | $58.4M | ||
| Q3 24 | $-1.1B | $53.7M | ||
| Q2 24 | $-188.2M | $49.0M | ||
| Q1 24 | $2.4M | $37.3M |
毛利率ALBBDC
| Q4 25 | 13.9% | 36.6% | ||
| Q3 25 | 9.0% | 37.7% | ||
| Q2 25 | 14.8% | 38.5% | ||
| Q1 25 | 14.5% | 39.3% | ||
| Q4 24 | 11.2% | 37.5% | ||
| Q3 24 | -7.7% | 37.3% | ||
| Q2 24 | -0.7% | 37.5% | ||
| Q1 24 | 2.9% | 37.6% |
营业利润率ALBBDC
| Q4 25 | -15.2% | 12.2% | ||
| Q3 25 | -16.6% | 10.9% | ||
| Q2 25 | 3.6% | 11.8% | ||
| Q1 25 | 1.8% | 11.6% | ||
| Q4 24 | 0.4% | 10.4% | ||
| Q3 24 | -81.9% | 11.5% | ||
| Q2 24 | -34.4% | 11.4% | ||
| Q1 24 | -13.2% | 9.9% |
净利率ALBBDC
| Q4 25 | -29.0% | 9.4% | ||
| Q3 25 | -12.3% | 8.1% | ||
| Q2 25 | 1.7% | 9.1% | ||
| Q1 25 | 3.8% | 8.3% | ||
| Q4 24 | 6.1% | 8.8% | ||
| Q3 24 | -78.9% | 8.2% | ||
| Q2 24 | -13.2% | 8.1% | ||
| Q1 24 | 0.2% | 7.0% |
每股收益（稀释后）ALBBDC
| Q4 25 | $-3.88 | $1.70 | ||
| Q3 25 | $-1.72 | $1.41 | ||
| Q2 25 | $-0.16 | $1.53 | ||
| Q1 25 | $0.00 | $1.27 | ||
| Q4 24 | $0.29 | $1.41 | ||
| Q3 24 | $-9.45 | $1.30 | ||
| Q2 24 | $-1.96 | $1.19 | ||
| Q1 24 | $-0.08 | $0.90 |
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 | — | $389.9M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $1.3B |
| 总资产 | $16.4B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBBDC
| Q4 25 | — | $389.9M | ||
| Q3 25 | $1.9B | $314.3M | ||
| Q2 25 | $1.8B | $301.5M | ||
| Q1 25 | $1.5B | $259.0M | ||
| Q4 24 | $1.2B | $370.3M | ||
| Q3 24 | $1.7B | $323.0M | ||
| Q2 24 | $1.8B | $564.8M | ||
| Q1 24 | $2.1B | $506.8M |
总债务ALBBDC
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBBDC
| Q4 25 | $9.5B | $1.3B | ||
| Q3 25 | $10.0B | $1.2B | ||
| Q2 25 | $10.2B | $1.2B | ||
| Q1 25 | $10.0B | $1.2B | ||
| Q4 24 | $10.0B | $1.3B | ||
| Q3 24 | $10.2B | $1.2B | ||
| Q2 24 | $11.2B | $1.2B | ||
| Q1 24 | $11.5B | $1.2B |
总资产ALBBDC
| Q4 25 | $16.4B | $3.5B | ||
| Q3 25 | $17.1B | $3.4B | ||
| Q2 25 | $17.3B | $3.4B | ||
| Q1 25 | $17.0B | $3.3B | ||
| Q4 24 | $16.6B | $3.3B | ||
| Q3 24 | $17.5B | $3.3B | ||
| Q2 24 | $18.4B | $3.5B | ||
| Q1 24 | $19.0B | $3.1B |
负债/权益比ALBBDC
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 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 | $388.5M | $160.4M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $121.3M |
| 自由现金流率自由现金流/营收 | 16.3% | 16.8% |
| 资本支出强度资本支出/营收 | 10.9% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 2.36× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $218.7M |
8季度趋势，按日历期对齐
经营现金流ALBBDC
| Q4 25 | $388.5M | $160.4M | ||
| Q3 25 | $355.6M | $105.0M | ||
| Q2 25 | $-7.2M | $82.0M | ||
| Q1 25 | $545.4M | $7.4M | ||
| Q4 24 | $674.0K | $174.7M | ||
| Q3 24 | $240.5M | $91.7M | ||
| Q2 24 | $362.9M | $83.0M | ||
| Q1 24 | $98.0M | $2.7M |
自由现金流ALBBDC
| Q4 25 | $233.1M | $121.3M | ||
| Q3 25 | $223.4M | $65.3M | ||
| Q2 25 | $-126.8M | $56.9M | ||
| Q1 25 | $362.8M | $-24.8M | ||
| Q4 24 | $-355.1M | $116.4M | ||
| Q3 24 | $-62.6M | $67.2M | ||
| Q2 24 | $-84.7M | $61.0M | ||
| Q1 24 | $-481.4M | $-21.5M |
自由现金流率ALBBDC
| Q4 25 | 16.3% | 16.8% | ||
| Q3 25 | 17.1% | 9.4% | ||
| Q2 25 | -9.5% | 8.5% | ||
| Q1 25 | 33.7% | -4.0% | ||
| Q4 24 | -28.8% | 17.5% | ||
| Q3 24 | -4.6% | 10.3% | ||
| Q2 24 | -5.9% | 10.1% | ||
| Q1 24 | -35.4% | -4.0% |
资本支出强度ALBBDC
| Q4 25 | 10.9% | 5.4% | ||
| Q3 25 | 10.1% | 5.7% | ||
| Q2 25 | 9.0% | 3.7% | ||
| Q1 25 | 17.0% | 5.2% | ||
| Q4 24 | 28.9% | 8.8% | ||
| Q3 24 | 22.4% | 3.7% | ||
| Q2 24 | 31.3% | 3.6% | ||
| Q1 24 | 42.6% | 4.5% |
现金转化率ALBBDC
| Q4 25 | — | 2.36× | ||
| Q3 25 | — | 1.85× | ||
| Q2 25 | -0.31× | 1.34× | ||
| Q1 25 | 13.19× | 0.14× | ||
| Q4 24 | 0.01× | 2.99× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | 40.01× | 0.07× |
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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
