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雅保（ALB）与DARLING INGREDIENTS INC.（DAR）财务数据对比。点击上方公司名可切换其他公司
DARLING INGREDIENTS INC.的季度营收约是雅保的1.1倍（$1.6B vs $1.4B），DARLING INGREDIENTS INC.净利率更高（1.2% vs -29.0%，领先30.2%），雅保同比增速更快（15.9% vs 10.0%），过去两年雅保的营收复合增速更高（2.4% vs -1.6%）
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。
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
ALB vs DAR — 直观对比
营收规模更大
DAR
是对方的1.1倍
$1.4B
营收增速更快
ALB
高出5.9%
10.0%
净利率更高
DAR
高出30.2%
-29.0%
两年增速更快
ALB
近两年复合增速
-1.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $-414.2M | $19.4M |
| 毛利率 | 13.9% | 24.7% |
| 营业利润率 | -15.2% | 4.6% |
| 净利率 | -29.0% | 1.2% |
| 营收同比 | 15.9% | 10.0% |
| 净利润同比 | -650.1% | 14.2% |
| 每股收益（稀释后） | $-3.88 | $0.12 |
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ALBDAR
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.4B |
净利润ALBDAR
| Q4 25 | $-414.2M | — | ||
| Q3 25 | $-160.7M | $19.4M | ||
| Q2 25 | $22.9M | $12.7M | ||
| Q1 25 | $41.3M | $-26.2M | ||
| Q4 24 | $75.3M | $101.9M | ||
| Q3 24 | $-1.1B | $16.9M | ||
| Q2 24 | $-188.2M | $78.9M | ||
| Q1 24 | $2.4M | $81.2M |
毛利率ALBDAR
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | 24.7% | ||
| Q2 25 | 14.8% | 23.3% | ||
| Q1 25 | 14.5% | 22.6% | ||
| Q4 24 | 11.2% | 23.5% | ||
| Q3 24 | -7.7% | 22.1% | ||
| Q2 24 | -0.7% | 22.5% | ||
| Q1 24 | 2.9% | 21.4% |
营业利润率ALBDAR
| Q4 25 | -15.2% | — | ||
| Q3 25 | -16.6% | 4.6% | ||
| Q2 25 | 3.6% | 5.1% | ||
| Q1 25 | 1.8% | 2.1% | ||
| Q4 24 | 0.4% | 8.6% | ||
| Q3 24 | -81.9% | 4.2% | ||
| Q2 24 | -34.4% | 10.2% | ||
| Q1 24 | -13.2% | 9.7% |
净利率ALBDAR
| Q4 25 | -29.0% | — | ||
| Q3 25 | -12.3% | 1.2% | ||
| Q2 25 | 1.7% | 0.9% | ||
| Q1 25 | 3.8% | -1.9% | ||
| Q4 24 | 6.1% | 7.2% | ||
| Q3 24 | -78.9% | 1.2% | ||
| Q2 24 | -13.2% | 5.4% | ||
| Q1 24 | 0.2% | 5.7% |
每股收益（稀释后）ALBDAR
| Q4 25 | $-3.88 | — | ||
| Q3 25 | $-1.72 | $0.12 | ||
| Q2 25 | $-0.16 | $0.08 | ||
| Q1 25 | $0.00 | $-0.16 | ||
| Q4 24 | $0.29 | $0.63 | ||
| Q3 24 | $-9.45 | $0.11 | ||
| Q2 24 | $-1.96 | $0.49 | ||
| Q1 24 | $-0.08 | $0.50 |
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 | — | $91.5M |
| 总债务越低越好 | $3.2B | $4.0B |
| 股东权益账面价值 | $9.5B | $4.7B |
| 总资产 | $16.4B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资ALBDAR
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | $91.5M | ||
| Q2 25 | $1.8B | $94.6M | ||
| Q1 25 | $1.5B | $81.5M | ||
| Q4 24 | $1.2B | $76.0M | ||
| Q3 24 | $1.7B | $114.8M | ||
| Q2 24 | $1.8B | $121.6M | ||
| Q1 24 | $2.1B | $145.5M |
总债务ALBDAR
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | $4.0B | ||
| Q2 25 | $3.6B | $3.9B | ||
| Q1 25 | $3.5B | $3.8B | ||
| Q4 24 | $3.5B | $3.9B | ||
| Q3 24 | $3.6B | $4.1B | ||
| Q2 24 | $3.5B | $4.3B | ||
| Q1 24 | $3.5B | $4.4B |
股东权益ALBDAR
| Q4 25 | $9.5B | — | ||
| Q3 25 | $10.0B | $4.7B | ||
| Q2 25 | $10.2B | $4.6B | ||
| Q1 25 | $10.0B | $4.4B | ||
| Q4 24 | $10.0B | $4.4B | ||
| Q3 24 | $10.2B | $4.6B | ||
| Q2 24 | $11.2B | $4.5B | ||
| Q1 24 | $11.5B | $4.6B |
总资产ALBDAR
| Q4 25 | $16.4B | — | ||
| Q3 25 | $17.1B | $10.5B | ||
| Q2 25 | $17.3B | $10.3B | ||
| Q1 25 | $17.0B | $10.0B | ||
| Q4 24 | $16.6B | $10.1B | ||
| Q3 24 | $17.5B | $10.6B | ||
| Q2 24 | $18.4B | $10.6B | ||
| Q1 24 | $19.0B | $10.9B |
负债/权益比ALBDAR
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | 0.86× | ||
| Q2 25 | 0.35× | 0.85× | ||
| Q1 25 | 0.35× | 0.86× | ||
| Q4 24 | 0.35× | 0.89× | ||
| Q3 24 | 0.35× | 0.91× | ||
| Q2 24 | 0.31× | 0.97× | ||
| Q1 24 | 0.31× | 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 | $388.5M | $224.3M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | — |
| 自由现金流率自由现金流/营收 | 16.3% | — |
| 资本支出强度资本支出/营收 | 10.9% | — |
| 现金转化率经营现金流/净利润 | — | 11.59× |
| 过去12个月自由现金流最近4个季度 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBDAR
| Q4 25 | $388.5M | — | ||
| Q3 25 | $355.6M | $224.3M | ||
| Q2 25 | $-7.2M | $145.8M | ||
| Q1 25 | $545.4M | $249.0M | ||
| Q4 24 | $674.0K | $154.4M | ||
| Q3 24 | $240.5M | $274.5M | ||
| Q2 24 | $362.9M | $146.5M | ||
| Q1 24 | $98.0M | $263.9M |
自由现金流ALBDAR
| Q4 25 | $233.1M | — | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | — | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBDAR
| Q4 25 | 16.3% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBDAR
| Q4 25 | 10.9% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | — | ||
| Q1 24 | 42.6% | — |
现金转化率ALBDAR
| Q4 25 | — | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | -0.31× | 11.52× | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | 1.52× | ||
| Q3 24 | — | 16.19× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | 40.01× | 3.25× |
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% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
