vs
雅保（ALB）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是雅保的1.4倍（$2.0B vs $1.4B），Fastenal净利率更高（14.5% vs -29.0%，领先43.5%），雅保同比增速更快（15.9% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $233.1M），过去两年Fastenal的营收复合增速更高（2.9% 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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
ALB vs FAST — 直观对比
营收规模更大
FAST
是对方的1.4倍
$1.4B
营收增速更快
ALB
高出12.5%
3.5%
净利率更高
FAST
高出43.5%
-29.0%
自由现金流更多
FAST
多$75.1M
$233.1M
两年增速更快
FAST
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $-414.2M | $293.9M |
| 毛利率 | 13.9% | 44.3% |
| 营业利润率 | -15.2% | 18.9% |
| 净利率 | -29.0% | 14.5% |
| 营收同比 | 15.9% | 3.5% |
| 净利润同比 | -650.1% | -1.6% |
| 每股收益（稀释后） | $-3.88 | $-0.01 |
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ALBFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.4B | $1.9B |
净利润ALBFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $-414.2M | $293.9M | ||
| Q3 25 | $-160.7M | $335.5M | ||
| Q2 25 | $22.9M | $330.3M | ||
| Q1 25 | $41.3M | $298.7M | ||
| Q4 24 | $75.3M | $262.1M | ||
| Q3 24 | $-1.1B | $298.1M | ||
| Q2 24 | $-188.2M | $292.7M |
毛利率ALBFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | 13.9% | 44.3% | ||
| Q3 25 | 9.0% | 45.3% | ||
| Q2 25 | 14.8% | 45.3% | ||
| Q1 25 | 14.5% | 45.1% | ||
| Q4 24 | 11.2% | 44.8% | ||
| Q3 24 | -7.7% | 44.9% | ||
| Q2 24 | -0.7% | 45.1% |
营业利润率ALBFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | -15.2% | 18.9% | ||
| Q3 25 | -16.6% | 20.7% | ||
| Q2 25 | 3.6% | 21.0% | ||
| Q1 25 | 1.8% | 20.1% | ||
| Q4 24 | 0.4% | 18.9% | ||
| Q3 24 | -81.9% | 20.3% | ||
| Q2 24 | -34.4% | 20.2% |
净利率ALBFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | -29.0% | 14.5% | ||
| Q3 25 | -12.3% | 15.7% | ||
| Q2 25 | 1.7% | 15.9% | ||
| Q1 25 | 3.8% | 15.2% | ||
| Q4 24 | 6.1% | 14.4% | ||
| Q3 24 | -78.9% | 15.6% | ||
| Q2 24 | -13.2% | 15.3% |
每股收益（稀释后）ALBFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-3.88 | $-0.01 | ||
| Q3 25 | $-1.72 | $0.29 | ||
| Q2 25 | $-0.16 | $0.29 | ||
| Q1 25 | $0.00 | $0.52 | ||
| Q4 24 | $0.29 | $0.45 | ||
| Q3 24 | $-9.45 | $0.52 | ||
| Q2 24 | $-1.96 | $0.51 |
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 | — | $276.8M |
| 总债务越低越好 | $3.2B | $125.0M |
| 股东权益账面价值 | $9.5B | $3.9B |
| 总资产 | $16.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ALBFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | — | $276.8M | ||
| Q3 25 | $1.9B | $288.1M | ||
| Q2 25 | $1.8B | $237.8M | ||
| Q1 25 | $1.5B | $231.8M | ||
| Q4 24 | $1.2B | $255.8M | ||
| Q3 24 | $1.7B | $292.2M | ||
| Q2 24 | $1.8B | $255.5M |
总债务ALBFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | $3.2B | $125.0M | ||
| Q3 25 | $3.6B | $195.0M | ||
| Q2 25 | $3.6B | $230.0M | ||
| Q1 25 | $3.5B | $200.0M | ||
| Q4 24 | $3.5B | $200.0M | ||
| Q3 24 | $3.6B | $240.0M | ||
| Q2 24 | $3.5B | $235.0M |
股东权益ALBFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $9.5B | $3.9B | ||
| Q3 25 | $10.0B | $3.9B | ||
| Q2 25 | $10.2B | $3.8B | ||
| Q1 25 | $10.0B | $3.7B | ||
| Q4 24 | $10.0B | $3.6B | ||
| Q3 24 | $10.2B | $3.6B | ||
| Q2 24 | $11.2B | $3.5B |
总资产ALBFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $16.4B | $5.1B | ||
| Q3 25 | $17.1B | $5.1B | ||
| Q2 25 | $17.3B | $5.0B | ||
| Q1 25 | $17.0B | $4.9B | ||
| Q4 24 | $16.6B | $4.7B | ||
| Q3 24 | $17.5B | $4.7B | ||
| Q2 24 | $18.4B | $4.6B |
负债/权益比ALBFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.33× | 0.03× | ||
| Q3 25 | 0.36× | 0.05× | ||
| Q2 25 | 0.35× | 0.06× | ||
| Q1 25 | 0.35× | 0.05× | ||
| Q4 24 | 0.35× | 0.06× | ||
| Q3 24 | 0.35× | 0.07× | ||
| Q2 24 | 0.31× | 0.07× |
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 | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $308.2M |
| 自由现金流率自由现金流/营收 | 16.3% | 15.2% |
| 资本支出强度资本支出/营收 | 10.9% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ALBFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $388.5M | $368.2M | ||
| Q3 25 | $355.6M | $386.9M | ||
| Q2 25 | $-7.2M | $278.6M | ||
| Q1 25 | $545.4M | $262.2M | ||
| Q4 24 | $674.0K | $282.8M | ||
| Q3 24 | $240.5M | $296.9M | ||
| Q2 24 | $362.9M | $258.0M |
自由现金流ALBFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $233.1M | $308.2M | ||
| Q3 25 | $223.4M | $326.6M | ||
| Q2 25 | $-126.8M | $209.3M | ||
| Q1 25 | $362.8M | $206.5M | ||
| Q4 24 | $-355.1M | $222.6M | ||
| Q3 24 | $-62.6M | $237.5M | ||
| Q2 24 | $-84.7M | $201.9M |
自由现金流率ALBFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | 16.3% | 15.2% | ||
| Q3 25 | 17.1% | 15.3% | ||
| Q2 25 | -9.5% | 10.1% | ||
| Q1 25 | 33.7% | 10.5% | ||
| Q4 24 | -28.8% | 12.2% | ||
| Q3 24 | -4.6% | 12.4% | ||
| Q2 24 | -5.9% | 10.5% |
资本支出强度ALBFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 10.9% | 3.0% | ||
| Q3 25 | 10.1% | 2.8% | ||
| Q2 25 | 9.0% | 3.3% | ||
| Q1 25 | 17.0% | 2.8% | ||
| Q4 24 | 28.9% | 3.3% | ||
| Q3 24 | 22.4% | 3.1% | ||
| Q2 24 | 31.3% | 2.9% |
现金转化率ALBFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | -0.31× | 0.84× | ||
| Q1 25 | 13.19× | 0.88× | ||
| Q4 24 | 0.01× | 1.08× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 0.88× |
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% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
