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雅保（ALB）与TopBuild Corp（BLD）财务数据对比。点击上方公司名可切换其他公司
TopBuild Corp的季度营收约是雅保的1.0倍（$1.5B vs $1.4B），TopBuild Corp净利率更高（7.0% vs -29.0%，领先36.0%），雅保同比增速更快（15.9% vs 13.2%），雅保自由现金流更多（$233.1M vs $159.4M），过去两年TopBuild Corp的营收复合增速更高（7.8% 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。
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
ALB vs BLD — 直观对比
营收规模更大
BLD
是对方的1.0倍
$1.4B
营收增速更快
ALB
高出2.8%
13.2%
净利率更高
BLD
高出36.0%
-29.0%
自由现金流更多
ALB
多$73.7M
$159.4M
两年增速更快
BLD
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $-414.2M | $104.5M |
| 毛利率 | 13.9% | 27.2% |
| 营业利润率 | -15.2% | 12.1% |
| 净利率 | -29.0% | 7.0% |
| 营收同比 | 15.9% | 13.2% |
| 净利润同比 | -650.1% | -30.6% |
| 每股收益（稀释后） | $-3.88 | $3.69 |
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ALBBLD
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
净利润ALBBLD
| Q4 25 | $-414.2M | $104.5M | ||
| Q3 25 | $-160.7M | $142.2M | ||
| Q2 25 | $22.9M | $151.6M | ||
| Q1 25 | $41.3M | $123.4M | ||
| Q4 24 | $75.3M | $150.5M | ||
| Q3 24 | $-1.1B | $169.0M | ||
| Q2 24 | $-188.2M | $150.7M | ||
| Q1 24 | $2.4M | $152.4M |
毛利率ALBBLD
| Q4 25 | 13.9% | 27.2% | ||
| Q3 25 | 9.0% | 30.1% | ||
| Q2 25 | 14.8% | 30.4% | ||
| Q1 25 | 14.5% | 28.5% | ||
| Q4 24 | 11.2% | 29.9% | ||
| Q3 24 | -7.7% | 30.7% | ||
| Q2 24 | -0.7% | 31.0% | ||
| Q1 24 | 2.9% | 30.3% |
营业利润率ALBBLD
| Q4 25 | -15.2% | 12.1% | ||
| Q3 25 | -16.6% | 15.4% | ||
| Q2 25 | 3.6% | 16.9% | ||
| Q1 25 | 1.8% | 14.4% | ||
| Q4 24 | 0.4% | 16.6% | ||
| Q3 24 | -81.9% | 17.8% | ||
| Q2 24 | -34.4% | 15.4% | ||
| Q1 24 | -13.2% | 16.8% |
净利率ALBBLD
| Q4 25 | -29.0% | 7.0% | ||
| Q3 25 | -12.3% | 10.2% | ||
| Q2 25 | 1.7% | 11.7% | ||
| Q1 25 | 3.8% | 10.0% | ||
| Q4 24 | 6.1% | 11.5% | ||
| Q3 24 | -78.9% | 12.3% | ||
| Q2 24 | -13.2% | 11.0% | ||
| Q1 24 | 0.2% | 11.9% |
每股收益（稀释后）ALBBLD
| Q4 25 | $-3.88 | $3.69 | ||
| Q3 25 | $-1.72 | $5.04 | ||
| Q2 25 | $-0.16 | $5.32 | ||
| Q1 25 | $0.00 | $4.23 | ||
| Q4 24 | $0.29 | $5.07 | ||
| Q3 24 | $-9.45 | $5.65 | ||
| Q2 24 | $-1.96 | $4.78 | ||
| Q1 24 | $-0.08 | $4.79 |
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 | — | $184.7M |
| 总债务越低越好 | $3.2B | $2.8B |
| 股东权益账面价值 | $9.5B | $2.3B |
| 总资产 | $16.4B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ALBBLD
| Q4 25 | — | $184.7M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.8B | $842.5M | ||
| Q1 25 | $1.5B | $308.8M | ||
| Q4 24 | $1.2B | $400.3M | ||
| Q3 24 | $1.7B | $257.3M | ||
| Q2 24 | $1.8B | $463.2M | ||
| Q1 24 | $2.1B | $968.8M |
总债务ALBBLD
| Q4 25 | $3.2B | $2.8B | ||
| Q3 25 | $3.6B | $2.9B | ||
| Q2 25 | $3.6B | $1.9B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.5B | $1.4B | ||
| Q1 24 | $3.5B | $1.4B |
股东权益ALBBLD
| Q4 25 | $9.5B | $2.3B | ||
| Q3 25 | $10.0B | $2.2B | ||
| Q2 25 | $10.2B | $2.1B | ||
| Q1 25 | $10.0B | $2.1B | ||
| Q4 24 | $10.0B | $2.2B | ||
| Q3 24 | $10.2B | $2.1B | ||
| Q2 24 | $11.2B | $2.4B | ||
| Q1 24 | $11.5B | $2.7B |
总资产ALBBLD
| Q4 25 | $16.4B | $6.6B | ||
| Q3 25 | $17.1B | $6.4B | ||
| Q2 25 | $17.3B | $5.1B | ||
| Q1 25 | $17.0B | $4.6B | ||
| Q4 24 | $16.6B | $4.7B | ||
| Q3 24 | $17.5B | $4.7B | ||
| Q2 24 | $18.4B | $4.9B | ||
| Q1 24 | $19.0B | $5.3B |
负债/权益比ALBBLD
| Q4 25 | 0.33× | 1.23× | ||
| Q3 25 | 0.36× | 1.29× | ||
| Q2 25 | 0.35× | 0.88× | ||
| Q1 25 | 0.35× | 0.65× | ||
| Q4 24 | 0.35× | 0.62× | ||
| Q3 24 | 0.35× | 0.66× | ||
| Q2 24 | 0.31× | 0.59× | ||
| Q1 24 | 0.31× | 0.52× |
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 | $176.7M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $159.4M |
| 自由现金流率自由现金流/营收 | 16.3% | 10.7% |
| 资本支出强度资本支出/营收 | 10.9% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.69× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $696.9M |
8季度趋势，按日历期对齐
经营现金流ALBBLD
| Q4 25 | $388.5M | $176.7M | ||
| Q3 25 | $355.6M | $233.3M | ||
| Q2 25 | $-7.2M | $193.7M | ||
| Q1 25 | $545.4M | $152.6M | ||
| Q4 24 | $674.0K | $266.2M | ||
| Q3 24 | $240.5M | $240.7M | ||
| Q2 24 | $362.9M | $90.4M | ||
| Q1 24 | $98.0M | $178.8M |
自由现金流ALBBLD
| Q4 25 | $233.1M | $159.4M | ||
| Q3 25 | $223.4M | $216.2M | ||
| Q2 25 | $-126.8M | $182.2M | ||
| Q1 25 | $362.8M | $139.2M | ||
| Q4 24 | $-355.1M | $253.7M | ||
| Q3 24 | $-62.6M | $219.8M | ||
| Q2 24 | $-84.7M | $74.3M | ||
| Q1 24 | $-481.4M | $158.9M |
自由现金流率ALBBLD
| Q4 25 | 16.3% | 10.7% | ||
| Q3 25 | 17.1% | 15.5% | ||
| Q2 25 | -9.5% | 14.0% | ||
| Q1 25 | 33.7% | 11.3% | ||
| Q4 24 | -28.8% | 19.3% | ||
| Q3 24 | -4.6% | 16.0% | ||
| Q2 24 | -5.9% | 5.4% | ||
| Q1 24 | -35.4% | 12.4% |
资本支出强度ALBBLD
| Q4 25 | 10.9% | 1.2% | ||
| Q3 25 | 10.1% | 1.2% | ||
| Q2 25 | 9.0% | 0.9% | ||
| Q1 25 | 17.0% | 1.1% | ||
| Q4 24 | 28.9% | 1.0% | ||
| Q3 24 | 22.4% | 1.5% | ||
| Q2 24 | 31.3% | 1.2% | ||
| Q1 24 | 42.6% | 1.6% |
现金转化率ALBBLD
| Q4 25 | — | 1.69× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | -0.31× | 1.28× | ||
| Q1 25 | 13.19× | 1.24× | ||
| Q4 24 | 0.01× | 1.77× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | 40.01× | 1.17× |
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% |
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
